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Side-by-side financial comparison of ENANTA PHARMACEUTICALS INC (ENTA) and REDWOOD TRUST INC (RWT). Click either name above to swap in a different company.

REDWOOD TRUST INC is the larger business by last-quarter revenue ($25.9M vs $18.6M, roughly 1.4× ENANTA PHARMACEUTICALS INC). REDWOOD TRUST INC runs the higher net margin — 77.2% vs -64.1%, a 141.4% gap on every dollar of revenue. On growth, ENANTA PHARMACEUTICALS INC posted the faster year-over-year revenue change (9.8% vs -6.1%). Over the past eight quarters, ENANTA PHARMACEUTICALS INC's revenue compounded faster (4.5% CAGR vs -41.0%).

Enanta Pharmaceuticals Inc is a clinical-stage biotechnology company that develops innovative antiviral therapies for infectious diseases including hepatitis B virus, respiratory syncytial virus (RSV), and SARS-CoV-2. It operates primarily in the U.S. and global markets, partnering with pharmaceutical firms to advance its small molecule drug candidate pipeline for patients with unmet medical needs.

Redwood Trust Inc is a specialized U.S.-headquartered real estate investment trust (REIT). It manages investment portfolios covering residential and commercial mortgage loans, mortgage-backed securities, and real estate credit assets. Its core segments include residential mortgage lending, commercial real estate credit, and investment management, serving institutional investors and real estate market stakeholders.

ENTA vs RWT — Head-to-Head

Bigger by revenue
RWT
RWT
1.4× larger
RWT
$25.9M
$18.6M
ENTA
Growing faster (revenue YoY)
ENTA
ENTA
+15.9% gap
ENTA
9.8%
-6.1%
RWT
Higher net margin
RWT
RWT
141.4% more per $
RWT
77.2%
-64.1%
ENTA
Faster 2-yr revenue CAGR
ENTA
ENTA
Annualised
ENTA
4.5%
-41.0%
RWT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ENTA
ENTA
RWT
RWT
Revenue
$18.6M
$25.9M
Net Profit
$-11.9M
$20.0M
Gross Margin
Operating Margin
-60.5%
Net Margin
-64.1%
77.2%
Revenue YoY
9.8%
-6.1%
Net Profit YoY
46.4%
402.6%
EPS (diluted)
$-0.42
$0.11

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
ENTA
ENTA
RWT
RWT
Q4 25
$18.6M
$25.9M
Q3 25
$15.1M
$15.0M
Q2 25
$18.3M
$13.8M
Q1 25
$14.9M
$27.9M
Q4 24
$17.0M
$27.6M
Q3 24
$14.6M
$25.5M
Q2 24
$18.0M
$67.4M
Q1 24
$17.1M
$74.5M
Net Profit
ENTA
ENTA
RWT
RWT
Q4 25
$-11.9M
$20.0M
Q3 25
$-18.7M
$-7.7M
Q2 25
$-18.3M
$-98.5M
Q1 25
$-22.6M
$16.1M
Q4 24
$-22.3M
$-6.6M
Q3 24
$-28.8M
$14.8M
Q2 24
$-22.7M
$15.5M
Q1 24
$-31.2M
$30.3M
Operating Margin
ENTA
ENTA
RWT
RWT
Q4 25
-60.5%
Q3 25
-121.6%
-9.0%
Q2 25
-103.2%
-679.0%
Q1 25
-164.3%
80.2%
Q4 24
-138.8%
-1.3%
Q3 24
-204.4%
86.1%
Q2 24
-134.6%
30.3%
Q1 24
-192.1%
41.3%
Net Margin
ENTA
ENTA
RWT
RWT
Q4 25
-64.1%
77.2%
Q3 25
-123.6%
-51.4%
Q2 25
-99.7%
-712.0%
Q1 25
-151.7%
57.8%
Q4 24
-131.4%
-24.0%
Q3 24
-197.3%
58.1%
Q2 24
-126.1%
23.0%
Q1 24
-182.7%
40.6%
EPS (diluted)
ENTA
ENTA
RWT
RWT
Q4 25
$-0.42
$0.11
Q3 25
$-0.88
$-0.08
Q2 25
$-0.85
$-0.76
Q1 25
$-1.06
$0.10
Q4 24
$-1.05
$-0.08
Q3 24
$-1.36
$0.09
Q2 24
$-1.07
$0.10
Q1 24
$-1.47
$0.21

Balance Sheet & Financial Strength

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

Metric
ENTA
ENTA
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$37.4M
$255.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$126.6M
$982.6M
Total Assets
$329.5M
$23.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENTA
ENTA
RWT
RWT
Q4 25
$37.4M
$255.7M
Q3 25
$32.3M
$226.3M
Q2 25
$44.8M
$302.0M
Q1 25
$60.2M
$259.9M
Q4 24
$84.3M
$245.2M
Q3 24
$37.2M
$253.7M
Q2 24
$35.8M
$275.6M
Q1 24
$63.5M
$275.4M
Total Debt
ENTA
ENTA
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.7B
Stockholders' Equity
ENTA
ENTA
RWT
RWT
Q4 25
$126.6M
$982.6M
Q3 25
$64.7M
$999.0M
Q2 25
$79.3M
$1.1B
Q1 25
$93.5M
$1.2B
Q4 24
$111.8M
$1.2B
Q3 24
$128.8M
$1.2B
Q2 24
$148.9M
$1.2B
Q1 24
$166.1M
$1.2B
Total Assets
ENTA
ENTA
RWT
RWT
Q4 25
$329.5M
$23.7B
Q3 25
$280.7M
$22.6B
Q2 25
$301.0M
$21.3B
Q1 25
$323.0M
$19.9B
Q4 24
$348.6M
$18.3B
Q3 24
$376.7M
$18.4B
Q2 24
$398.8M
$16.5B
Q1 24
$413.6M
$15.1B
Debt / Equity
ENTA
ENTA
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
1.39×

Cash Flow & Capital Efficiency

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

Metric
ENTA
ENTA
RWT
RWT
Operating Cash FlowLast quarter
$-11.7M
$-10.1B
Free Cash FlowOCF − Capex
$-11.8M
FCF MarginFCF / Revenue
-63.6%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
-504.15×
TTM Free Cash FlowTrailing 4 quarters
$-18.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENTA
ENTA
RWT
RWT
Q4 25
$-11.7M
$-10.1B
Q3 25
$-6.5M
$-2.7B
Q2 25
$17.5M
$-2.1B
Q1 25
$-13.5M
$-2.0B
Q4 24
$-16.8M
$-5.9B
Q3 24
$-10.4M
$-2.1B
Q2 24
$-14.8M
$-2.0B
Q1 24
$-28.6M
$-954.2M
Free Cash Flow
ENTA
ENTA
RWT
RWT
Q4 25
$-11.8M
Q3 25
$-7.9M
Q2 25
$17.4M
Q1 25
$-16.0M
Q4 24
$-25.5M
Q3 24
$-19.4M
Q2 24
$-21.3M
Q1 24
$-30.3M
FCF Margin
ENTA
ENTA
RWT
RWT
Q4 25
-63.6%
Q3 25
-52.5%
Q2 25
94.7%
Q1 25
-107.4%
Q4 24
-150.6%
Q3 24
-132.5%
Q2 24
-118.6%
Q1 24
-177.5%
Capex Intensity
ENTA
ENTA
RWT
RWT
Q4 25
0.8%
Q3 25
9.6%
Q2 25
0.8%
Q1 25
17.0%
Q4 24
51.6%
Q3 24
61.3%
Q2 24
36.4%
Q1 24
9.8%
Cash Conversion
ENTA
ENTA
RWT
RWT
Q4 25
-504.15×
Q3 25
Q2 25
Q1 25
-120.92×
Q4 24
Q3 24
-140.86×
Q2 24
-126.56×
Q1 24
-31.53×

Financial Flow Comparison

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

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