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Side-by-side financial comparison of InvenTrust Properties Corp. (IVT) and Phreesia, Inc. (PHR). Click either name above to swap in a different company.

Phreesia, Inc. is the larger business by last-quarter revenue ($120.3M vs $77.4M, roughly 1.6× InvenTrust Properties Corp.). Phreesia, Inc. runs the higher net margin — 3.5% vs 3.4%, a 0.1% gap on every dollar of revenue. On growth, Phreesia, Inc. posted the faster year-over-year revenue change (12.7% vs 8.6%). InvenTrust Properties Corp. produced more free cash flow last quarter ($110.9M vs $12.2M).

InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2024, the company owned interests in 68 properties comprising 11.0 million square feet.

Phreesia, Inc. is a software as a service company that offers healthcare organizations a set of applications to automate and manage patient intake.

IVT vs PHR — Head-to-Head

Bigger by revenue
PHR
PHR
1.6× larger
PHR
$120.3M
$77.4M
IVT
Growing faster (revenue YoY)
PHR
PHR
+4.0% gap
PHR
12.7%
8.6%
IVT
Higher net margin
PHR
PHR
0.1% more per $
PHR
3.5%
3.4%
IVT
More free cash flow
IVT
IVT
$98.7M more FCF
IVT
$110.9M
$12.2M
PHR

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
IVT
IVT
PHR
PHR
Revenue
$77.4M
$120.3M
Net Profit
$2.7M
$4.3M
Gross Margin
Operating Margin
-11.0%
3.1%
Net Margin
3.4%
3.5%
Revenue YoY
8.6%
12.7%
Net Profit YoY
-72.8%
129.7%
EPS (diluted)
$0.02
$0.07

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
IVT
IVT
PHR
PHR
Q4 25
$77.4M
$120.3M
Q3 25
$74.5M
$117.3M
Q2 25
$73.6M
$115.9M
Q1 25
$73.8M
Q4 24
$71.2M
Q3 24
$68.5M
Q2 24
$67.4M
Q1 24
$66.8M
Net Profit
IVT
IVT
PHR
PHR
Q4 25
$2.7M
$4.3M
Q3 25
$6.0M
$654.0K
Q2 25
$95.9M
$-3.9M
Q1 25
$6.8M
Q4 24
$9.8M
Q3 24
$-539.0K
Q2 24
$1.5M
Q1 24
$2.9M
Operating Margin
IVT
IVT
PHR
PHR
Q4 25
-11.0%
3.1%
Q3 25
-9.8%
-1.3%
Q2 25
-2.8%
Q1 25
-10.5%
Q4 24
-3.6%
Q3 24
-18.7%
Q2 24
-13.6%
Q1 24
-13.1%
Net Margin
IVT
IVT
PHR
PHR
Q4 25
3.4%
3.5%
Q3 25
8.1%
0.6%
Q2 25
130.4%
-3.4%
Q1 25
9.2%
Q4 24
13.8%
Q3 24
-0.8%
Q2 24
2.2%
Q1 24
4.3%
EPS (diluted)
IVT
IVT
PHR
PHR
Q4 25
$0.02
$0.07
Q3 25
$0.08
$0.01
Q2 25
$1.23
$-0.07
Q1 25
$0.09
Q4 24
$0.14
Q3 24
$-0.01
Q2 24
$0.02
Q1 24
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IVT
IVT
PHR
PHR
Cash + ST InvestmentsLiquidity on hand
$106.4M
Total DebtLower is stronger
$825.9M
$3.4M
Stockholders' EquityBook value
$1.8B
$320.3M
Total Assets
$2.8B
$423.5M
Debt / EquityLower = less leverage
0.46×
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVT
IVT
PHR
PHR
Q4 25
$106.4M
Q3 25
$98.3M
Q2 25
$90.9M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
IVT
IVT
PHR
PHR
Q4 25
$825.9M
$3.4M
Q3 25
$764.6M
$4.6M
Q2 25
$746.3M
$6.2M
Q1 25
$740.7M
Q4 24
$740.4M
Q3 24
$740.1M
Q2 24
$812.2M
Q1 24
$827.5M
Stockholders' Equity
IVT
IVT
PHR
PHR
Q4 25
$1.8B
$320.3M
Q3 25
$1.8B
$298.0M
Q2 25
$1.8B
$282.2M
Q1 25
$1.7B
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$1.5B
Q1 24
$1.5B
Total Assets
IVT
IVT
PHR
PHR
Q4 25
$2.8B
$423.5M
Q3 25
$2.7B
$408.6M
Q2 25
$2.7B
$400.4M
Q1 25
$2.6B
Q4 24
$2.6B
Q3 24
$2.6B
Q2 24
$2.5B
Q1 24
$2.5B
Debt / Equity
IVT
IVT
PHR
PHR
Q4 25
0.46×
0.01×
Q3 25
0.42×
0.02×
Q2 25
0.41×
0.02×
Q1 25
0.42×
Q4 24
0.42×
Q3 24
0.42×
Q2 24
0.53×
Q1 24
0.53×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IVT
IVT
PHR
PHR
Operating Cash FlowLast quarter
$155.4M
$15.5M
Free Cash FlowOCF − Capex
$110.9M
$12.2M
FCF MarginFCF / Revenue
143.3%
10.1%
Capex IntensityCapex / Revenue
57.5%
2.7%
Cash ConversionOCF / Net Profit
58.41×
3.62×
TTM Free Cash FlowTrailing 4 quarters
$193.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVT
IVT
PHR
PHR
Q4 25
$155.4M
$15.5M
Q3 25
$43.8M
$14.8M
Q2 25
$48.7M
$14.8M
Q1 25
$20.2M
Q4 24
$136.9M
Q3 24
$38.4M
Q2 24
$46.7M
Q1 24
$14.8M
Free Cash Flow
IVT
IVT
PHR
PHR
Q4 25
$110.9M
$12.2M
Q3 25
$31.4M
$13.1M
Q2 25
$38.0M
$11.3M
Q1 25
$12.8M
Q4 24
$100.8M
Q3 24
$29.3M
Q2 24
$37.2M
Q1 24
$7.7M
FCF Margin
IVT
IVT
PHR
PHR
Q4 25
143.3%
10.1%
Q3 25
42.2%
11.1%
Q2 25
51.6%
9.8%
Q1 25
17.4%
Q4 24
141.5%
Q3 24
42.8%
Q2 24
55.2%
Q1 24
11.5%
Capex Intensity
IVT
IVT
PHR
PHR
Q4 25
57.5%
2.7%
Q3 25
16.7%
1.5%
Q2 25
14.6%
3.0%
Q1 25
10.0%
Q4 24
50.7%
Q3 24
13.3%
Q2 24
14.0%
Q1 24
10.6%
Cash Conversion
IVT
IVT
PHR
PHR
Q4 25
58.41×
3.62×
Q3 25
7.27×
22.68×
Q2 25
0.51×
Q1 25
2.97×
Q4 24
13.97×
Q3 24
Q2 24
31.15×
Q1 24
5.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IVT
IVT

Segment breakdown not available.

PHR
PHR

Subscription And Services$55.5M46%
Network Solutions$37.4M31%
Payment Processing Fees$27.4M23%

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