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Side-by-side financial comparison of Burke & Herbert Financial Services Corp. (BHRB) and IRONWOOD PHARMACEUTICALS INC (IRWD). Click either name above to swap in a different company.

Burke & Herbert Financial Services Corp. is the larger business by last-quarter revenue ($86.5M vs $47.7M, roughly 1.8× IRONWOOD PHARMACEUTICALS INC). Burke & Herbert Financial Services Corp. runs the higher net margin — 34.9% vs -4.8%, a 39.7% gap on every dollar of revenue. On growth, Burke & Herbert Financial Services Corp. posted the faster year-over-year revenue change (4.9% vs -47.3%). Burke & Herbert Financial Services Corp. produced more free cash flow last quarter ($96.2M vs $74.6M). Over the past eight quarters, Burke & Herbert Financial Services Corp.'s revenue compounded faster (81.1% CAGR vs -20.2%).

Burke & Herbert Financial Services Corp is a U.S.-based regional financial holding company, offering personal and commercial banking, wealth management, residential mortgage lending, and small business financing services. Its core market covers Virginia and adjacent Mid-Atlantic regions, serving retail consumers, SMEs, and high-net-worth clients.

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

BHRB vs IRWD — Head-to-Head

Bigger by revenue
BHRB
BHRB
1.8× larger
BHRB
$86.5M
$47.7M
IRWD
Growing faster (revenue YoY)
BHRB
BHRB
+52.2% gap
BHRB
4.9%
-47.3%
IRWD
Higher net margin
BHRB
BHRB
39.7% more per $
BHRB
34.9%
-4.8%
IRWD
More free cash flow
BHRB
BHRB
$21.7M more FCF
BHRB
$96.2M
$74.6M
IRWD
Faster 2-yr revenue CAGR
BHRB
BHRB
Annualised
BHRB
81.1%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BHRB
BHRB
IRWD
IRWD
Revenue
$86.5M
$47.7M
Net Profit
$30.2M
$-2.3M
Gross Margin
Operating Margin
43.8%
14.3%
Net Margin
34.9%
-4.8%
Revenue YoY
4.9%
-47.3%
Net Profit YoY
52.8%
-200.9%
EPS (diluted)
$1.98
$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
BHRB
BHRB
IRWD
IRWD
Q4 25
$86.5M
$47.7M
Q3 25
$85.4M
$122.1M
Q2 25
$87.1M
$85.2M
Q1 25
$83.0M
$41.1M
Q4 24
$82.5M
$90.5M
Q3 24
$83.8M
$91.6M
Q2 24
$69.3M
$94.4M
Q1 24
$26.4M
$74.9M
Net Profit
BHRB
BHRB
IRWD
IRWD
Q4 25
$30.2M
$-2.3M
Q3 25
$30.0M
$40.1M
Q2 25
$29.9M
$23.6M
Q1 25
$27.2M
$-37.4M
Q4 24
$19.8M
$2.3M
Q3 24
$27.6M
$3.6M
Q2 24
$-16.9M
$-860.0K
Q1 24
$5.2M
$-4.2M
Operating Margin
BHRB
BHRB
IRWD
IRWD
Q4 25
43.8%
14.3%
Q3 25
43.3%
61.8%
Q2 25
42.7%
53.2%
Q1 25
39.6%
-70.7%
Q4 24
24.6%
34.8%
Q3 24
39.2%
28.0%
Q2 24
-27.5%
26.5%
Q1 24
22.3%
14.7%
Net Margin
BHRB
BHRB
IRWD
IRWD
Q4 25
34.9%
-4.8%
Q3 25
35.1%
32.8%
Q2 25
34.3%
27.7%
Q1 25
32.8%
-90.9%
Q4 24
24.0%
2.5%
Q3 24
33.0%
4.0%
Q2 24
-24.4%
-0.9%
Q1 24
19.8%
-5.6%
EPS (diluted)
BHRB
BHRB
IRWD
IRWD
Q4 25
$1.98
$0.01
Q3 25
$1.97
$0.23
Q2 25
$1.97
$0.14
Q1 25
$1.80
$-0.23
Q4 24
$1.72
$0.03
Q3 24
$1.82
$0.02
Q2 24
$-1.41
$-0.01
Q1 24
$0.69
$-0.03

Balance Sheet & Financial Strength

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

Metric
BHRB
BHRB
IRWD
IRWD
Cash + ST InvestmentsLiquidity on hand
$215.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$854.6M
$-261.8M
Total Assets
$7.9B
$396.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHRB
BHRB
IRWD
IRWD
Q4 25
$215.5M
Q3 25
$140.4M
Q2 25
$92.9M
Q1 25
$108.5M
Q4 24
$88.6M
Q3 24
$88.2M
Q2 24
$105.5M
Q1 24
$121.5M
Total Debt
BHRB
BHRB
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
BHRB
BHRB
IRWD
IRWD
Q4 25
$854.6M
$-261.8M
Q3 25
$822.2M
$-264.2M
Q2 25
$780.0M
$-308.2M
Q1 25
$758.0M
$-334.1M
Q4 24
$730.2M
$-301.3M
Q3 24
$738.1M
$-311.3M
Q2 24
$693.1M
$-321.7M
Q1 24
$319.3M
$-330.5M
Total Assets
BHRB
BHRB
IRWD
IRWD
Q4 25
$7.9B
$396.9M
Q3 25
$7.9B
$396.1M
Q2 25
$8.1B
$342.9M
Q1 25
$7.8B
$327.2M
Q4 24
$7.8B
$350.9M
Q3 24
$7.9B
$389.5M
Q2 24
$7.8B
$395.6M
Q1 24
$3.7B
$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
BHRB
BHRB
IRWD
IRWD
Operating Cash FlowLast quarter
$107.9M
$74.6M
Free Cash FlowOCF − Capex
$96.2M
$74.6M
FCF MarginFCF / Revenue
111.2%
156.3%
Capex IntensityCapex / Revenue
13.5%
0.0%
Cash ConversionOCF / Net Profit
3.57×
TTM Free Cash FlowTrailing 4 quarters
$164.1M
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHRB
BHRB
IRWD
IRWD
Q4 25
$107.9M
$74.6M
Q3 25
$39.3M
$47.6M
Q2 25
$41.0K
$-15.1M
Q1 25
$37.6M
$20.0M
Q4 24
$85.8M
$15.2M
Q3 24
$47.8M
$9.9M
Q2 24
$-46.0M
$33.5M
Q1 24
$7.1M
$45.0M
Free Cash Flow
BHRB
BHRB
IRWD
IRWD
Q4 25
$96.2M
$74.6M
Q3 25
$35.4M
$47.6M
Q2 25
$-3.4M
$-15.1M
Q1 25
$35.9M
$19.9M
Q4 24
$81.2M
Q3 24
$46.0M
$9.9M
Q2 24
$-47.0M
$33.4M
Q1 24
$5.6M
$44.9M
FCF Margin
BHRB
BHRB
IRWD
IRWD
Q4 25
111.2%
156.3%
Q3 25
41.5%
39.0%
Q2 25
-3.9%
-17.7%
Q1 25
43.2%
48.4%
Q4 24
98.5%
Q3 24
55.0%
10.8%
Q2 24
-67.8%
35.4%
Q1 24
21.2%
60.0%
Capex Intensity
BHRB
BHRB
IRWD
IRWD
Q4 25
13.5%
0.0%
Q3 25
4.5%
0.0%
Q2 25
3.9%
0.0%
Q1 25
2.1%
0.1%
Q4 24
5.5%
0.0%
Q3 24
2.1%
0.0%
Q2 24
1.5%
0.1%
Q1 24
5.7%
0.1%
Cash Conversion
BHRB
BHRB
IRWD
IRWD
Q4 25
3.57×
Q3 25
1.31×
1.19×
Q2 25
0.00×
-0.64×
Q1 25
1.38×
Q4 24
4.33×
6.74×
Q3 24
1.73×
2.71×
Q2 24
Q1 24
1.36×

Financial Flow Comparison

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

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