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Side-by-side financial comparison of Commerce.com, Inc. (CMRC) and IRONWOOD PHARMACEUTICALS INC (IRWD). Click either name above to swap in a different company.
Commerce.com, Inc. is the larger business by last-quarter revenue ($89.5M vs $47.7M, roughly 1.9× IRONWOOD PHARMACEUTICALS INC). IRONWOOD PHARMACEUTICALS INC runs the higher net margin — -4.8% vs -9.3%, a 4.6% gap on every dollar of revenue. On growth, Commerce.com, Inc. posted the faster year-over-year revenue change (2.9% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $-2.2M). Over the past eight quarters, Commerce.com, Inc.'s revenue compounded faster (5.5% CAGR vs -20.2%).
SPS Commerce, Inc. is a technology and application software company based in the United States that provides cloud-based supply chain management software. The company's headquarters are located in Minneapolis, Minnesota, but it also has a US office in New Jersey, and international locations in Amsterdam, Beijing, Breukelen, Hong Kong, Kyiv, Melbourne, Montpellier, Sydney, and Toronto.
Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.
CMRC vs IRWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $89.5M | $47.7M |
| Net Profit | $-8.4M | $-2.3M |
| Gross Margin | 78.3% | — |
| Operating Margin | -7.4% | 14.3% |
| Net Margin | -9.3% | -4.8% |
| Revenue YoY | 2.9% | -47.3% |
| Net Profit YoY | -250.0% | -200.9% |
| EPS (diluted) | $-0.11 | $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.
| Q4 25 | $89.5M | $47.7M | ||
| Q3 25 | $86.0M | $122.1M | ||
| Q2 25 | $84.4M | $85.2M | ||
| Q1 25 | $82.4M | $41.1M | ||
| Q4 24 | $87.0M | $90.5M | ||
| Q3 24 | $83.7M | $91.6M | ||
| Q2 24 | $81.8M | $94.4M | ||
| Q1 24 | $80.4M | $74.9M |
| Q4 25 | $-8.4M | $-2.3M | ||
| Q3 25 | $-2.2M | $40.1M | ||
| Q2 25 | $-8.4M | $23.6M | ||
| Q1 25 | $-353.0K | $-37.4M | ||
| Q4 24 | $-2.4M | $2.3M | ||
| Q3 24 | $-7.0M | $3.6M | ||
| Q2 24 | $-11.3M | $-860.0K | ||
| Q1 24 | $-6.4M | $-4.2M |
| Q4 25 | 78.3% | — | ||
| Q3 25 | 78.4% | — | ||
| Q2 25 | 79.0% | — | ||
| Q1 25 | 79.4% | — | ||
| Q4 24 | 77.6% | — | ||
| Q3 24 | 76.3% | — | ||
| Q2 24 | 75.8% | — | ||
| Q1 24 | 77.1% | — |
| Q4 25 | -7.4% | 14.3% | ||
| Q3 25 | -0.5% | 61.8% | ||
| Q2 25 | -8.0% | 53.2% | ||
| Q1 25 | -2.9% | -70.7% | ||
| Q4 24 | -0.9% | 34.8% | ||
| Q3 24 | -23.0% | 28.0% | ||
| Q2 24 | -16.5% | 26.5% | ||
| Q1 24 | -10.2% | 14.7% |
| Q4 25 | -9.3% | -4.8% | ||
| Q3 25 | -2.6% | 32.8% | ||
| Q2 25 | -9.9% | 27.7% | ||
| Q1 25 | -0.4% | -90.9% | ||
| Q4 24 | -2.7% | 2.5% | ||
| Q3 24 | -8.4% | 4.0% | ||
| Q2 24 | -13.8% | -0.9% | ||
| Q1 24 | -8.0% | -5.6% |
| Q4 25 | $-0.11 | $0.01 | ||
| Q3 25 | $-0.03 | $0.23 | ||
| Q2 25 | $-0.10 | $0.14 | ||
| Q1 25 | $0.00 | $-0.23 | ||
| Q4 24 | $-0.03 | $0.03 | ||
| Q3 24 | $-0.09 | $0.02 | ||
| Q2 24 | $-0.15 | $-0.01 | ||
| Q1 24 | $-0.08 | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $141.1M | $215.5M |
| Total DebtLower is stronger | $157.0M | — |
| Stockholders' EquityBook value | $39.4M | $-261.8M |
| Total Assets | $308.8M | $396.9M |
| Debt / EquityLower = less leverage | 3.99× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $141.1M | $215.5M | ||
| Q3 25 | $142.0M | $140.4M | ||
| Q2 25 | $134.5M | $92.9M | ||
| Q1 25 | $120.7M | $108.5M | ||
| Q4 24 | $178.2M | $88.6M | ||
| Q3 24 | $168.4M | $88.2M | ||
| Q2 24 | $275.8M | $105.5M | ||
| Q1 24 | $265.2M | $121.5M |
| Q4 25 | $157.0M | — | ||
| Q3 25 | $157.3M | $199.5M | ||
| Q2 25 | $157.5M | $199.3M | ||
| Q1 25 | $157.8M | $199.2M | ||
| Q4 24 | $216.5M | $199.0M | ||
| Q3 24 | — | $198.8M | ||
| Q2 24 | $340.9M | $198.6M | ||
| Q1 24 | $340.5M | $398.3M |
| Q4 25 | $39.4M | $-261.8M | ||
| Q3 25 | $42.8M | $-264.2M | ||
| Q2 25 | $38.8M | $-308.2M | ||
| Q1 25 | $38.1M | $-334.1M | ||
| Q4 24 | $33.4M | $-301.3M | ||
| Q3 24 | $29.0M | $-311.3M | ||
| Q2 24 | $26.1M | $-321.7M | ||
| Q1 24 | $26.9M | $-330.5M |
| Q4 25 | $308.8M | $396.9M | ||
| Q3 25 | $309.5M | $396.1M | ||
| Q2 25 | $302.5M | $342.9M | ||
| Q1 25 | $286.3M | $327.2M | ||
| Q4 24 | $340.3M | $350.9M | ||
| Q3 24 | $335.1M | $389.5M | ||
| Q2 24 | $452.5M | $395.6M | ||
| Q1 24 | $442.5M | $438.8M |
| Q4 25 | 3.99× | — | ||
| Q3 25 | 3.67× | — | ||
| Q2 25 | 4.06× | — | ||
| Q1 25 | 4.14× | — | ||
| Q4 24 | 6.49× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 13.06× | — | ||
| Q1 24 | 12.65× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $980.0K | $74.6M |
| Free Cash FlowOCF − Capex | $-2.2M | $74.6M |
| FCF MarginFCF / Revenue | -2.4% | 156.3% |
| Capex IntensityCapex / Revenue | 3.5% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $16.9M | $127.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $980.0K | $74.6M | ||
| Q3 25 | $10.6M | $47.6M | ||
| Q2 25 | $13.6M | $-15.1M | ||
| Q1 25 | $401.0K | $20.0M | ||
| Q4 24 | $12.4M | $15.2M | ||
| Q3 24 | $5.6M | $9.9M | ||
| Q2 24 | $11.7M | $33.5M | ||
| Q1 24 | $-3.4M | $45.0M |
| Q4 25 | $-2.2M | $74.6M | ||
| Q3 25 | $7.6M | $47.6M | ||
| Q2 25 | $11.9M | $-15.1M | ||
| Q1 25 | $-424.0K | $19.9M | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $4.5M | $9.9M | ||
| Q2 24 | $10.7M | $33.4M | ||
| Q1 24 | $-4.2M | $44.9M |
| Q4 25 | -2.4% | 156.3% | ||
| Q3 25 | 8.8% | 39.0% | ||
| Q2 25 | 14.1% | -17.7% | ||
| Q1 25 | -0.5% | 48.4% | ||
| Q4 24 | 13.3% | — | ||
| Q3 24 | 5.4% | 10.8% | ||
| Q2 24 | 13.0% | 35.4% | ||
| Q1 24 | -5.3% | 60.0% |
| Q4 25 | 3.5% | 0.0% | ||
| Q3 25 | 3.4% | 0.0% | ||
| Q2 25 | 2.0% | 0.0% | ||
| Q1 25 | 1.0% | 0.1% | ||
| Q4 24 | 0.9% | 0.0% | ||
| Q3 24 | 1.3% | 0.0% | ||
| Q2 24 | 1.3% | 0.1% | ||
| Q1 24 | 1.0% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.19× | ||
| Q2 25 | — | -0.64× | ||
| Q1 25 | — | — | ||
| 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.
Revenue Breakdown by Segment
CMRC
| Subscription And Circulation | $65.2M | 73% |
| Partner And Services | $24.4M | 27% |
IRWD
Segment breakdown not available.
