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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and IRONWOOD PHARMACEUTICALS INC (IRWD). Click either name above to swap in a different company.

Armour Residential REIT, Inc. is the larger business by last-quarter revenue ($50.4M vs $47.7M, roughly 1.1× IRONWOOD PHARMACEUTICALS INC). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs -4.8%, a 425.0% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs -47.3%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs -20.2%).

Armour Residential REIT, Inc. is a U.S.-based real estate investment trust that primarily invests in agency residential mortgage-backed securities guaranteed by U.S. government-sponsored entities. It focuses on generating consistent long-term net income for shareholders via strategic asset management and active interest rate risk mitigation.

Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.

ARR vs IRWD — Head-to-Head

Bigger by revenue
ARR
ARR
1.1× larger
ARR
$50.4M
$47.7M
IRWD
Growing faster (revenue YoY)
ARR
ARR
+345.2% gap
ARR
297.9%
-47.3%
IRWD
Higher net margin
ARR
ARR
425.0% more per $
ARR
420.2%
-4.8%
IRWD
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARR
ARR
IRWD
IRWD
Revenue
$50.4M
$47.7M
Net Profit
$211.7M
$-2.3M
Gross Margin
Operating Margin
14.3%
Net Margin
420.2%
-4.8%
Revenue YoY
297.9%
-47.3%
Net Profit YoY
555.9%
-200.9%
EPS (diluted)
$2.43
$0.01

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
ARR
ARR
IRWD
IRWD
Q4 25
$50.4M
$47.7M
Q3 25
$38.5M
$122.1M
Q2 25
$33.1M
$85.2M
Q1 25
$36.3M
$41.1M
Q4 24
$12.7M
$90.5M
Q3 24
$91.6M
Q2 24
$7.0M
$94.4M
Q1 24
$74.9M
Net Profit
ARR
ARR
IRWD
IRWD
Q4 25
$211.7M
$-2.3M
Q3 25
$159.3M
$40.1M
Q2 25
$-75.6M
$23.6M
Q1 25
$27.3M
$-37.4M
Q4 24
$-46.4M
$2.3M
Q3 24
$3.6M
Q2 24
$-48.4M
$-860.0K
Q1 24
$-4.2M
Operating Margin
ARR
ARR
IRWD
IRWD
Q4 25
14.3%
Q3 25
61.8%
Q2 25
53.2%
Q1 25
-70.7%
Q4 24
34.8%
Q3 24
28.0%
Q2 24
26.5%
Q1 24
14.7%
Net Margin
ARR
ARR
IRWD
IRWD
Q4 25
420.2%
-4.8%
Q3 25
413.5%
32.8%
Q2 25
-228.4%
27.7%
Q1 25
75.2%
-90.9%
Q4 24
-366.8%
2.5%
Q3 24
4.0%
Q2 24
-693.8%
-0.9%
Q1 24
-5.6%
EPS (diluted)
ARR
ARR
IRWD
IRWD
Q4 25
$2.43
$0.01
Q3 25
$1.49
$0.23
Q2 25
$-0.94
$0.14
Q1 25
$0.32
$-0.23
Q4 24
$-0.91
$0.03
Q3 24
$0.02
Q2 24
$-1.05
$-0.01
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
IRWD
IRWD
Cash + ST InvestmentsLiquidity on hand
$63.3M
$215.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$-261.8M
Total Assets
$21.0B
$396.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
IRWD
IRWD
Q4 25
$63.3M
$215.5M
Q3 25
$44.2M
$140.4M
Q2 25
$141.2M
$92.9M
Q1 25
$49.1M
$108.5M
Q4 24
$68.0M
$88.6M
Q3 24
$88.2M
Q2 24
$126.6M
$105.5M
Q1 24
$121.5M
Total Debt
ARR
ARR
IRWD
IRWD
Q4 25
Q3 25
$199.5M
Q2 25
$199.3M
Q1 25
$199.2M
Q4 24
$199.0M
Q3 24
$198.8M
Q2 24
$198.6M
Q1 24
$398.3M
Stockholders' Equity
ARR
ARR
IRWD
IRWD
Q4 25
$2.3B
$-261.8M
Q3 25
$2.1B
$-264.2M
Q2 25
$1.7B
$-308.2M
Q1 25
$1.7B
$-334.1M
Q4 24
$1.4B
$-301.3M
Q3 24
$-311.3M
Q2 24
$1.2B
$-321.7M
Q1 24
$-330.5M
Total Assets
ARR
ARR
IRWD
IRWD
Q4 25
$21.0B
$396.9M
Q3 25
$19.4B
$396.1M
Q2 25
$16.2B
$342.9M
Q1 25
$15.5B
$327.2M
Q4 24
$13.5B
$350.9M
Q3 24
$389.5M
Q2 24
$10.1B
$395.6M
Q1 24
$438.8M

Cash Flow & Capital Efficiency

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

Metric
ARR
ARR
IRWD
IRWD
Operating Cash FlowLast quarter
$124.2M
$74.6M
Free Cash FlowOCF − Capex
$74.6M
FCF MarginFCF / Revenue
156.3%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.59×
TTM Free Cash FlowTrailing 4 quarters
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
IRWD
IRWD
Q4 25
$124.2M
$74.6M
Q3 25
$-37.8M
$47.6M
Q2 25
$25.0M
$-15.1M
Q1 25
$101.5M
$20.0M
Q4 24
$261.5M
$15.2M
Q3 24
$9.9M
Q2 24
$27.1M
$33.5M
Q1 24
$45.0M
Free Cash Flow
ARR
ARR
IRWD
IRWD
Q4 25
$74.6M
Q3 25
$47.6M
Q2 25
$-15.1M
Q1 25
$19.9M
Q4 24
Q3 24
$9.9M
Q2 24
$33.4M
Q1 24
$44.9M
FCF Margin
ARR
ARR
IRWD
IRWD
Q4 25
156.3%
Q3 25
39.0%
Q2 25
-17.7%
Q1 25
48.4%
Q4 24
Q3 24
10.8%
Q2 24
35.4%
Q1 24
60.0%
Capex Intensity
ARR
ARR
IRWD
IRWD
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
ARR
ARR
IRWD
IRWD
Q4 25
0.59×
Q3 25
-0.24×
1.19×
Q2 25
-0.64×
Q1 25
3.71×
Q4 24
6.74×
Q3 24
2.71×
Q2 24
Q1 24

Financial Flow Comparison

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

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