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Side-by-side financial comparison of ARDELYX, INC. (ARDX) and COMMUNITY TRUST BANCORP INC (CTBI). Click either name above to swap in a different company.

ARDELYX, INC. is the larger business by last-quarter revenue ($94.5M vs $74.7M, roughly 1.3× COMMUNITY TRUST BANCORP INC). COMMUNITY TRUST BANCORP INC runs the higher net margin — 36.5% vs -39.8%, a 76.3% gap on every dollar of revenue. On growth, ARDELYX, INC. posted the faster year-over-year revenue change (27.5% vs 13.8%). Over the past eight quarters, ARDELYX, INC.'s revenue compounded faster (13.6% CAGR vs 12.8%).

Ardelyx, Inc. is a commercial-stage biopharmaceutical firm developing and commercializing innovative therapies for gastrointestinal, cardiorenal and metabolic diseases with high unmet medical needs. Its lead product is approved in the US for irritable bowel syndrome with constipation, and it holds a robust pipeline of early and late-stage drug candidates.

Community Trust Bancorp is an American regional bank holding company that was founded in 1903 as Pikeville National Bank. The renamed corporation continues to have its headquarters in Pikeville, Kentucky, at the heart of Appalachia. Community Trust Bancorp operates a commercial bank, Community Trust Bank, and a trust company, Community Trust and Investment Company of Lexington.

ARDX vs CTBI — Head-to-Head

Bigger by revenue
ARDX
ARDX
1.3× larger
ARDX
$94.5M
$74.7M
CTBI
Growing faster (revenue YoY)
ARDX
ARDX
+13.7% gap
ARDX
27.5%
13.8%
CTBI
Higher net margin
CTBI
CTBI
76.3% more per $
CTBI
36.5%
-39.8%
ARDX
Faster 2-yr revenue CAGR
ARDX
ARDX
Annualised
ARDX
13.6%
12.8%
CTBI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ARDX
ARDX
CTBI
CTBI
Revenue
$94.5M
$74.7M
Net Profit
$-37.6M
$27.3M
Gross Margin
Operating Margin
47.3%
Net Margin
-39.8%
36.5%
Revenue YoY
27.5%
13.8%
Net Profit YoY
21.3%
EPS (diluted)
$-0.15
$1.51

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
ARDX
ARDX
CTBI
CTBI
Q1 26
$94.5M
Q4 25
$125.2M
$74.7M
Q3 25
$110.3M
$71.5M
Q2 25
$97.7M
$70.2M
Q1 25
$74.1M
$66.2M
Q4 24
$116.1M
$65.7M
Q3 24
$98.2M
$62.8M
Q2 24
$73.2M
$61.4M
Net Profit
ARDX
ARDX
CTBI
CTBI
Q1 26
$-37.6M
Q4 25
$-407.0K
$27.3M
Q3 25
$-969.0K
$23.9M
Q2 25
$-19.1M
$24.9M
Q1 25
$-41.1M
$22.0M
Q4 24
$4.6M
$22.5M
Q3 24
$-809.0K
$22.1M
Q2 24
$-16.5M
$19.5M
Gross Margin
ARDX
ARDX
CTBI
CTBI
Q1 26
Q4 25
91.3%
Q3 25
96.4%
Q2 25
87.3%
Q1 25
83.4%
Q4 24
84.3%
Q3 24
84.0%
Q2 24
87.1%
Operating Margin
ARDX
ARDX
CTBI
CTBI
Q1 26
Q4 25
4.1%
47.3%
Q3 25
4.2%
43.2%
Q2 25
-14.7%
46.2%
Q1 25
-49.0%
42.9%
Q4 24
7.0%
44.7%
Q3 24
2.3%
43.8%
Q2 24
-18.6%
42.3%
Net Margin
ARDX
ARDX
CTBI
CTBI
Q1 26
-39.8%
Q4 25
-0.3%
36.5%
Q3 25
-0.9%
33.4%
Q2 25
-19.5%
35.5%
Q1 25
-55.5%
33.2%
Q4 24
4.0%
34.2%
Q3 24
-0.8%
35.3%
Q2 24
-22.5%
31.8%
EPS (diluted)
ARDX
ARDX
CTBI
CTBI
Q1 26
$-0.15
Q4 25
$-0.01
$1.51
Q3 25
$0.00
$1.32
Q2 25
$-0.08
$1.38
Q1 25
$-0.17
$1.22
Q4 24
$0.01
$1.25
Q3 24
$0.00
$1.23
Q2 24
$-0.07
$1.09

Balance Sheet & Financial Strength

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

Metric
ARDX
ARDX
CTBI
CTBI
Cash + ST InvestmentsLiquidity on hand
$238.1M
$363.7M
Total DebtLower is stronger
$203.5M
$63.8M
Stockholders' EquityBook value
$148.6M
$856.1M
Total Assets
$504.5M
$6.7B
Debt / EquityLower = less leverage
1.37×
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARDX
ARDX
CTBI
CTBI
Q1 26
$238.1M
Q4 25
$68.0M
$363.7M
Q3 25
$42.7M
$507.6M
Q2 25
$90.0M
$395.3M
Q1 25
$30.8M
$340.7M
Q4 24
$64.9M
$369.5M
Q3 24
$47.4M
$240.9M
Q2 24
$41.9M
$161.7M
Total Debt
ARDX
ARDX
CTBI
CTBI
Q1 26
$203.5M
Q4 25
$202.8M
$63.8M
Q3 25
$202.1M
Q2 25
$201.4M
Q1 25
$151.3M
Q4 24
$150.9M
$64.0M
Q3 24
$100.7M
Q2 24
$100.2M
Stockholders' Equity
ARDX
ARDX
CTBI
CTBI
Q1 26
$148.6M
Q4 25
$166.9M
$856.1M
Q3 25
$154.3M
$831.4M
Q2 25
$139.5M
$806.9M
Q1 25
$145.7M
$784.2M
Q4 24
$173.3M
$757.6M
Q3 24
$158.3M
$760.8M
Q2 24
$147.0M
$719.3M
Total Assets
ARDX
ARDX
CTBI
CTBI
Q1 26
$504.5M
Q4 25
$501.6M
$6.7B
Q3 25
$486.2M
$6.6B
Q2 25
$466.8M
$6.4B
Q1 25
$410.2M
$6.3B
Q4 24
$435.8M
$6.2B
Q3 24
$367.9M
$6.0B
Q2 24
$343.5M
$5.8B
Debt / Equity
ARDX
ARDX
CTBI
CTBI
Q1 26
1.37×
Q4 25
1.21×
0.07×
Q3 25
1.31×
Q2 25
1.44×
Q1 25
1.04×
Q4 24
0.87×
0.08×
Q3 24
0.64×
Q2 24
0.68×

Cash Flow & Capital Efficiency

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

Metric
ARDX
ARDX
CTBI
CTBI
Operating Cash FlowLast quarter
$105.0M
Free Cash FlowOCF − Capex
$97.4M
FCF MarginFCF / Revenue
130.3%
Capex IntensityCapex / Revenue
10.2%
Cash ConversionOCF / Net Profit
3.85×
TTM Free Cash FlowTrailing 4 quarters
$181.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARDX
ARDX
CTBI
CTBI
Q1 26
Q4 25
$21.0M
$105.0M
Q3 25
$365.0K
$37.5M
Q2 25
$-25.3M
$15.9M
Q1 25
$-38.5M
$36.6M
Q4 24
$9.8M
$105.3M
Q3 24
$501.0K
$36.7M
Q2 24
$-19.4M
$20.0M
Free Cash Flow
ARDX
ARDX
CTBI
CTBI
Q1 26
Q4 25
$20.6M
$97.4M
Q3 25
$209.0K
$36.4M
Q2 25
$-26.0M
$13.6M
Q1 25
$-38.8M
$34.5M
Q4 24
$9.2M
$97.2M
Q3 24
$364.0K
$35.4M
Q2 24
$-19.5M
$18.4M
FCF Margin
ARDX
ARDX
CTBI
CTBI
Q1 26
Q4 25
16.4%
130.3%
Q3 25
0.2%
50.8%
Q2 25
-26.6%
19.3%
Q1 25
-52.3%
52.2%
Q4 24
7.9%
148.0%
Q3 24
0.4%
56.4%
Q2 24
-26.7%
30.1%
Capex Intensity
ARDX
ARDX
CTBI
CTBI
Q1 26
Q4 25
0.3%
10.2%
Q3 25
0.1%
1.7%
Q2 25
0.7%
3.4%
Q1 25
0.4%
3.1%
Q4 24
0.5%
12.3%
Q3 24
0.1%
2.1%
Q2 24
0.2%
2.5%
Cash Conversion
ARDX
ARDX
CTBI
CTBI
Q1 26
Q4 25
3.85×
Q3 25
1.57×
Q2 25
0.64×
Q1 25
1.66×
Q4 24
2.11×
4.68×
Q3 24
1.66×
Q2 24
1.02×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARDX
ARDX

IBSRELA$70.1M74%
XPHOZAH$23.3M25%
Non-cash royalty revenue related to the sale of future royalties$695.0K1%
Product supply revenue$354.0K0%

CTBI
CTBI

Segment breakdown not available.

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