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

InvenTrust Properties Corp. is the larger business by last-quarter revenue ($77.4M vs $45.6M, roughly 1.7× Reservoir Media, Inc.). Reservoir Media, Inc. runs the higher net margin — 4.8% vs 3.4%, a 1.4% gap on every dollar of revenue. On growth, InvenTrust Properties Corp. posted the faster year-over-year revenue change (8.6% vs 7.7%). InvenTrust Properties Corp. produced more free cash flow last quarter ($110.9M vs $12.8M). Over the past eight quarters, Reservoir Media, Inc.'s revenue compounded faster (7.9% CAGR vs 7.6%).

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.

Reservoir Media, Inc. is a leading global independent music rights management company. It owns and administers extensive catalogs of recorded music, music publishing copyrights, and neighboring rights, partnering with top songwriters, performing artists, and producers across genres including pop, hip-hop, rock, and film soundtracks. It licenses its content for use across streaming platforms, advertising, film and television productions, live events, and other commercial channels, with operations spanning North America, Europe, and Asia Pacific markets.

IVT vs RSVR — Head-to-Head

Bigger by revenue
IVT
IVT
1.7× larger
IVT
$77.4M
$45.6M
RSVR
Growing faster (revenue YoY)
IVT
IVT
+0.9% gap
IVT
8.6%
7.7%
RSVR
Higher net margin
RSVR
RSVR
1.4% more per $
RSVR
4.8%
3.4%
IVT
More free cash flow
IVT
IVT
$98.1M more FCF
IVT
$110.9M
$12.8M
RSVR
Faster 2-yr revenue CAGR
RSVR
RSVR
Annualised
RSVR
7.9%
7.6%
IVT

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
IVT
IVT
RSVR
RSVR
Revenue
$77.4M
$45.6M
Net Profit
$2.7M
$2.2M
Gross Margin
64.5%
Operating Margin
-11.0%
22.7%
Net Margin
3.4%
4.8%
Revenue YoY
8.6%
7.7%
Net Profit YoY
-72.8%
-58.1%
EPS (diluted)
$0.02
$0.03

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
RSVR
RSVR
Q4 25
$77.4M
$45.6M
Q3 25
$74.5M
$45.4M
Q2 25
$73.6M
$37.2M
Q1 25
$73.8M
$41.4M
Q4 24
$71.2M
$42.3M
Q3 24
$68.5M
$40.7M
Q2 24
$67.4M
$34.3M
Q1 24
$66.8M
$39.1M
Net Profit
IVT
IVT
RSVR
RSVR
Q4 25
$2.7M
$2.2M
Q3 25
$6.0M
$2.3M
Q2 25
$95.9M
$-555.7K
Q1 25
$6.8M
$2.7M
Q4 24
$9.8M
$5.2M
Q3 24
$-539.0K
$185.0K
Q2 24
$1.5M
$-346.7K
Q1 24
$2.9M
$2.8M
Gross Margin
IVT
IVT
RSVR
RSVR
Q4 25
64.5%
Q3 25
63.6%
Q2 25
64.5%
Q1 25
65.6%
Q4 24
64.4%
Q3 24
63.5%
Q2 24
61.3%
Q1 24
63.4%
Operating Margin
IVT
IVT
RSVR
RSVR
Q4 25
-11.0%
22.7%
Q3 25
-9.8%
23.5%
Q2 25
14.7%
Q1 25
-10.5%
25.2%
Q4 24
-3.6%
22.6%
Q3 24
-18.7%
24.9%
Q2 24
-13.6%
14.5%
Q1 24
-13.1%
22.4%
Net Margin
IVT
IVT
RSVR
RSVR
Q4 25
3.4%
4.8%
Q3 25
8.1%
5.0%
Q2 25
130.4%
-1.5%
Q1 25
9.2%
6.4%
Q4 24
13.8%
12.4%
Q3 24
-0.8%
0.5%
Q2 24
2.2%
-1.0%
Q1 24
4.3%
7.1%
EPS (diluted)
IVT
IVT
RSVR
RSVR
Q4 25
$0.02
$0.03
Q3 25
$0.08
$0.03
Q2 25
$1.23
$-0.01
Q1 25
$0.09
Q4 24
$0.14
$0.08
Q3 24
$-0.01
Q2 24
$0.02
$-0.01
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
RSVR
RSVR
Cash + ST InvestmentsLiquidity on hand
$20.6M
Total DebtLower is stronger
$825.9M
Stockholders' EquityBook value
$1.8B
$373.6M
Total Assets
$2.8B
$941.9M
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVT
IVT
RSVR
RSVR
Q4 25
$20.6M
Q3 25
$27.9M
Q2 25
$14.9M
Q1 25
$21.4M
Q4 24
$17.8M
Q3 24
$21.1M
Q2 24
$16.4M
Q1 24
$18.1M
Total Debt
IVT
IVT
RSVR
RSVR
Q4 25
$825.9M
Q3 25
$764.6M
Q2 25
$746.3M
Q1 25
$740.7M
Q4 24
$740.4M
Q3 24
$740.1M
Q2 24
$812.2M
Q1 24
$827.5M
Stockholders' Equity
IVT
IVT
RSVR
RSVR
Q4 25
$1.8B
$373.6M
Q3 25
$1.8B
$370.9M
Q2 25
$1.8B
$368.9M
Q1 25
$1.7B
$364.9M
Q4 24
$1.8B
$359.5M
Q3 24
$1.8B
$357.9M
Q2 24
$1.5B
$353.0M
Q1 24
$1.5B
$353.0M
Total Assets
IVT
IVT
RSVR
RSVR
Q4 25
$2.8B
$941.9M
Q3 25
$2.7B
$903.5M
Q2 25
$2.7B
$857.0M
Q1 25
$2.6B
$865.1M
Q4 24
$2.6B
$832.4M
Q3 24
$2.6B
$778.2M
Q2 24
$2.5B
$768.2M
Q1 24
$2.5B
$783.5M
Debt / Equity
IVT
IVT
RSVR
RSVR
Q4 25
0.46×
Q3 25
0.42×
Q2 25
0.41×
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
RSVR
RSVR
Operating Cash FlowLast quarter
$155.4M
$12.9M
Free Cash FlowOCF − Capex
$110.9M
$12.8M
FCF MarginFCF / Revenue
143.3%
28.1%
Capex IntensityCapex / Revenue
57.5%
0.3%
Cash ConversionOCF / Net Profit
58.41×
5.89×
TTM Free Cash FlowTrailing 4 quarters
$193.1M
$50.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVT
IVT
RSVR
RSVR
Q4 25
$155.4M
$12.9M
Q3 25
$43.8M
$19.3M
Q2 25
$48.7M
$6.0M
Q1 25
$20.2M
$12.2M
Q4 24
$136.9M
$11.2M
Q3 24
$38.4M
$13.3M
Q2 24
$46.7M
$8.6M
Q1 24
$14.8M
$13.8M
Free Cash Flow
IVT
IVT
RSVR
RSVR
Q4 25
$110.9M
$12.8M
Q3 25
$31.4M
$19.2M
Q2 25
$38.0M
$6.0M
Q1 25
$12.8M
$12.2M
Q4 24
$100.8M
$11.2M
Q3 24
$29.3M
$13.3M
Q2 24
$37.2M
$8.5M
Q1 24
$7.7M
$13.8M
FCF Margin
IVT
IVT
RSVR
RSVR
Q4 25
143.3%
28.1%
Q3 25
42.2%
42.2%
Q2 25
51.6%
16.1%
Q1 25
17.4%
29.3%
Q4 24
141.5%
26.5%
Q3 24
42.8%
32.7%
Q2 24
55.2%
24.9%
Q1 24
11.5%
35.2%
Capex Intensity
IVT
IVT
RSVR
RSVR
Q4 25
57.5%
0.3%
Q3 25
16.7%
0.3%
Q2 25
14.6%
0.1%
Q1 25
10.0%
0.1%
Q4 24
50.7%
0.0%
Q3 24
13.3%
0.1%
Q2 24
14.0%
0.1%
Q1 24
10.6%
0.0%
Cash Conversion
IVT
IVT
RSVR
RSVR
Q4 25
58.41×
5.89×
Q3 25
7.27×
8.54×
Q2 25
0.51×
Q1 25
2.97×
4.56×
Q4 24
13.97×
2.14×
Q3 24
71.97×
Q2 24
31.15×
Q1 24
5.10×
4.93×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IVT
IVT

Segment breakdown not available.

RSVR
RSVR

Other$18.9M42%
Recorded Music Segment$12.9M28%
Performance$6.2M14%
Synchronization$4.6M10%
Physical$1.9M4%
Neighboring Rights$1.1M3%

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