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Side-by-side financial comparison of Elme Communities (ELME) and IRONWOOD PHARMACEUTICALS INC (IRWD). Click either name above to swap in a different company.

Elme Communities is the larger business by last-quarter revenue ($62.1M vs $47.7M, roughly 1.3× IRONWOOD PHARMACEUTICALS INC). IRONWOOD PHARMACEUTICALS INC runs the higher net margin — -4.8% vs -198.9%, a 194.1% gap on every dollar of revenue. On growth, Elme Communities posted the faster year-over-year revenue change (1.7% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $7.2M). Over the past eight quarters, Elme Communities's revenue compounded faster (2.7% CAGR vs -20.2%).

Elme Communities is a publicly traded U.S. real estate investment trust that primarily owns, operates and develops high-quality multifamily residential communities. It focuses on key growth markets across the U.S. Mid-Atlantic and Southeast, offering affordable to mid-tier housing options for diverse renter groups.

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

ELME vs IRWD — Head-to-Head

Bigger by revenue
ELME
ELME
1.3× larger
ELME
$62.1M
$47.7M
IRWD
Growing faster (revenue YoY)
ELME
ELME
+49.0% gap
ELME
1.7%
-47.3%
IRWD
Higher net margin
IRWD
IRWD
194.1% more per $
IRWD
-4.8%
-198.9%
ELME
More free cash flow
IRWD
IRWD
$67.3M more FCF
IRWD
$74.6M
$7.2M
ELME
Faster 2-yr revenue CAGR
ELME
ELME
Annualised
ELME
2.7%
-20.2%
IRWD

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ELME
ELME
IRWD
IRWD
Revenue
$62.1M
$47.7M
Net Profit
$-123.5M
$-2.3M
Gross Margin
61.1%
Operating Margin
-183.3%
14.3%
Net Margin
-198.9%
-4.8%
Revenue YoY
1.7%
-47.3%
Net Profit YoY
-4058.7%
-200.9%
EPS (diluted)
$-1.40
$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
ELME
ELME
IRWD
IRWD
Q4 25
$47.7M
Q3 25
$62.1M
$122.1M
Q2 25
$62.1M
$85.2M
Q1 25
$61.5M
$41.1M
Q4 24
$61.3M
$90.5M
Q3 24
$61.1M
$91.6M
Q2 24
$60.1M
$94.4M
Q1 24
$59.5M
$74.9M
Net Profit
ELME
ELME
IRWD
IRWD
Q4 25
$-2.3M
Q3 25
$-123.5M
$40.1M
Q2 25
$-3.6M
$23.6M
Q1 25
$-4.7M
$-37.4M
Q4 24
$-3.0M
$2.3M
Q3 24
$-3.0M
$3.6M
Q2 24
$-3.5M
$-860.0K
Q1 24
$-3.6M
$-4.2M
Gross Margin
ELME
ELME
IRWD
IRWD
Q4 25
Q3 25
61.1%
Q2 25
63.5%
Q1 25
64.2%
Q4 24
62.9%
Q3 24
63.5%
Q2 24
63.4%
Q1 24
63.5%
Operating Margin
ELME
ELME
IRWD
IRWD
Q4 25
14.3%
Q3 25
-183.3%
61.8%
Q2 25
9.6%
53.2%
Q1 25
7.8%
-70.7%
Q4 24
10.4%
34.8%
Q3 24
11.0%
28.0%
Q2 24
9.8%
26.5%
Q1 24
7.5%
14.7%
Net Margin
ELME
ELME
IRWD
IRWD
Q4 25
-4.8%
Q3 25
-198.9%
32.8%
Q2 25
-5.7%
27.7%
Q1 25
-7.6%
-90.9%
Q4 24
-4.9%
2.5%
Q3 24
-4.9%
4.0%
Q2 24
-5.8%
-0.9%
Q1 24
-6.1%
-5.6%
EPS (diluted)
ELME
ELME
IRWD
IRWD
Q4 25
$0.01
Q3 25
$-1.40
$0.23
Q2 25
$-0.04
$0.14
Q1 25
$-0.05
$-0.23
Q4 24
$-0.04
$0.03
Q3 24
$-0.03
$0.02
Q2 24
$-0.04
$-0.01
Q1 24
$-0.04
$-0.03

Balance Sheet & Financial Strength

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

Metric
ELME
ELME
IRWD
IRWD
Cash + ST InvestmentsLiquidity on hand
$7.1M
$215.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$908.9M
$-261.8M
Total Assets
$1.7B
$396.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELME
ELME
IRWD
IRWD
Q4 25
$215.5M
Q3 25
$7.1M
$140.4M
Q2 25
$4.8M
$92.9M
Q1 25
$6.4M
$108.5M
Q4 24
$6.1M
$88.6M
Q3 24
$4.8M
$88.2M
Q2 24
$5.6M
$105.5M
Q1 24
$4.2M
$121.5M
Total Debt
ELME
ELME
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
ELME
ELME
IRWD
IRWD
Q4 25
$-261.8M
Q3 25
$908.9M
$-264.2M
Q2 25
$1.0B
$-308.2M
Q1 25
$1.1B
$-334.1M
Q4 24
$1.1B
$-301.3M
Q3 24
$1.1B
$-311.3M
Q2 24
$1.1B
$-321.7M
Q1 24
$1.1B
$-330.5M
Total Assets
ELME
ELME
IRWD
IRWD
Q4 25
$396.9M
Q3 25
$1.7B
$396.1M
Q2 25
$1.8B
$342.9M
Q1 25
$1.8B
$327.2M
Q4 24
$1.8B
$350.9M
Q3 24
$1.9B
$389.5M
Q2 24
$1.9B
$395.6M
Q1 24
$1.9B
$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
ELME
ELME
IRWD
IRWD
Operating Cash FlowLast quarter
$15.9M
$74.6M
Free Cash FlowOCF − Capex
$7.2M
$74.6M
FCF MarginFCF / Revenue
11.6%
156.3%
Capex IntensityCapex / Revenue
14.0%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$86.7M
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELME
ELME
IRWD
IRWD
Q4 25
$74.6M
Q3 25
$15.9M
$47.6M
Q2 25
$29.8M
$-15.1M
Q1 25
$16.2M
$20.0M
Q4 24
$95.2M
$15.2M
Q3 24
$20.7M
$9.9M
Q2 24
$28.9M
$33.5M
Q1 24
$21.2M
$45.0M
Free Cash Flow
ELME
ELME
IRWD
IRWD
Q4 25
$74.6M
Q3 25
$7.2M
$47.6M
Q2 25
$21.1M
$-15.1M
Q1 25
$10.5M
$19.9M
Q4 24
$47.9M
Q3 24
$8.8M
$9.9M
Q2 24
$21.0M
$33.4M
Q1 24
$7.6M
$44.9M
FCF Margin
ELME
ELME
IRWD
IRWD
Q4 25
156.3%
Q3 25
11.6%
39.0%
Q2 25
34.1%
-17.7%
Q1 25
17.1%
48.4%
Q4 24
78.1%
Q3 24
14.4%
10.8%
Q2 24
34.9%
35.4%
Q1 24
12.8%
60.0%
Capex Intensity
ELME
ELME
IRWD
IRWD
Q4 25
0.0%
Q3 25
14.0%
0.0%
Q2 25
14.0%
0.0%
Q1 25
9.2%
0.1%
Q4 24
77.4%
0.0%
Q3 24
19.4%
0.0%
Q2 24
13.1%
0.1%
Q1 24
22.9%
0.1%
Cash Conversion
ELME
ELME
IRWD
IRWD
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

ELME
ELME

Residential Segment$57.7M93%
Other$4.4M7%

IRWD
IRWD

Segment breakdown not available.

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