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Side-by-side financial comparison of ETHAN ALLEN INTERIORS INC (ETD) and IONIS PHARMACEUTICALS INC (IONS). Click either name above to swap in a different company.

IONIS PHARMACEUTICALS INC is the larger business by last-quarter revenue ($203.3M vs $135.8M, roughly 1.5× ETHAN ALLEN INTERIORS INC). ETHAN ALLEN INTERIORS INC runs the higher net margin — 4.4% vs -112.8%, a 117.2% gap on every dollar of revenue. On growth, ETHAN ALLEN INTERIORS INC posted the faster year-over-year revenue change (-4.8% vs -10.3%). Over the past eight quarters, IONIS PHARMACEUTICALS INC's revenue compounded faster (30.4% CAGR vs -10.2%).

Ethan Allen Interiors Inc. is an American manufacturer and retailer of home furnishings, incorporated in Delaware with executive offices in Danbury, Connecticut. As of June 30, 2023, the company reported net annual sales of $791.4 million.

Ionis Pharmaceuticals, Inc. is a biotechnology company that specializes in discovering and developing antisense therapy, as well as RNA interference and CRISPR therapeutics. The company was founded in 1989 is based in Carlsbad, California. The company was previously known as Isis Pharmaceuticals until December 2015.

ETD vs IONS — Head-to-Head

Bigger by revenue
IONS
IONS
1.5× larger
IONS
$203.3M
$135.8M
ETD
Growing faster (revenue YoY)
ETD
ETD
+5.5% gap
ETD
-4.8%
-10.3%
IONS
Higher net margin
ETD
ETD
117.2% more per $
ETD
4.4%
-112.8%
IONS
Faster 2-yr revenue CAGR
IONS
IONS
Annualised
IONS
30.4%
-10.2%
ETD

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
ETD
ETD
IONS
IONS
Revenue
$135.8M
$203.3M
Net Profit
$5.9M
$-229.4M
Gross Margin
59.4%
96.1%
Operating Margin
4.8%
-105.5%
Net Margin
4.4%
-112.8%
Revenue YoY
-4.8%
-10.3%
Net Profit YoY
-38.2%
-119.8%
EPS (diluted)
$0.23
$-1.35

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
ETD
ETD
IONS
IONS
Q1 26
$135.8M
Q4 25
$149.9M
$203.3M
Q3 25
$147.0M
$156.7M
Q2 25
$160.4M
$452.0M
Q1 25
$142.7M
$131.6M
Q4 24
$157.3M
$226.6M
Q3 24
$154.3M
$133.8M
Q2 24
$168.6M
$225.3M
Net Profit
ETD
ETD
IONS
IONS
Q1 26
$5.9M
Q4 25
$11.7M
$-229.4M
Q3 25
$10.5M
$-128.6M
Q2 25
$123.6M
Q1 25
$9.6M
$-146.9M
Q4 24
$15.0M
$-104.3M
Q3 24
$14.7M
$-140.5M
Q2 24
$18.5M
$-66.3M
Gross Margin
ETD
ETD
IONS
IONS
Q1 26
59.4%
Q4 25
60.9%
96.1%
Q3 25
61.4%
98.5%
Q2 25
59.9%
99.1%
Q1 25
61.2%
98.9%
Q4 24
60.3%
98.3%
Q3 24
60.8%
99.2%
Q2 24
60.8%
98.2%
Operating Margin
ETD
ETD
IONS
IONS
Q1 26
4.8%
Q4 25
9.5%
-105.5%
Q3 25
6.8%
-102.2%
Q2 25
9.5%
30.9%
Q1 25
7.7%
-111.6%
Q4 24
11.5%
-48.9%
Q3 24
11.4%
-111.1%
Q2 24
13.4%
-29.3%
Net Margin
ETD
ETD
IONS
IONS
Q1 26
4.4%
Q4 25
7.8%
-112.8%
Q3 25
7.1%
-82.1%
Q2 25
27.3%
Q1 25
6.7%
-111.6%
Q4 24
9.5%
-46.1%
Q3 24
9.5%
-105.0%
Q2 24
11.0%
-29.4%
EPS (diluted)
ETD
ETD
IONS
IONS
Q1 26
$0.23
Q4 25
$0.46
$-1.35
Q3 25
$0.41
$-0.80
Q2 25
$0.48
$0.70
Q1 25
$0.37
$-0.93
Q4 24
$0.59
$-0.66
Q3 24
$0.57
$-0.95
Q2 24
$0.73
$-0.45

Balance Sheet & Financial Strength

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

Metric
ETD
ETD
IONS
IONS
Cash + ST InvestmentsLiquidity on hand
$66.6M
$2.7B
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$473.7M
$489.1M
Total Assets
$723.3M
$3.5B
Debt / EquityLower = less leverage
3.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ETD
ETD
IONS
IONS
Q1 26
$66.6M
Q4 25
$139.3M
$2.7B
Q3 25
$123.6M
$2.2B
Q2 25
$136.1M
$2.3B
Q1 25
$172.9M
$2.1B
Q4 24
$139.1M
$2.3B
Q3 24
$135.9M
$2.5B
Q2 24
$161.0M
$2.1B
Total Debt
ETD
ETD
IONS
IONS
Q1 26
Q4 25
$1.8B
Q3 25
Q2 25
Q1 25
Q4 24
$1.3B
Q3 24
Q2 24
Stockholders' Equity
ETD
ETD
IONS
IONS
Q1 26
$473.7M
Q4 25
$478.2M
$489.1M
Q3 25
$475.5M
$618.0M
Q2 25
$482.4M
$631.7M
Q1 25
$479.2M
$475.7M
Q4 24
$478.8M
$588.4M
Q3 24
$474.7M
$662.5M
Q2 24
$483.0M
$263.7M
Total Assets
ETD
ETD
IONS
IONS
Q1 26
$723.3M
Q4 25
$714.8M
$3.5B
Q3 25
$737.1M
$3.0B
Q2 25
$737.1M
$3.0B
Q1 25
$738.7M
$2.8B
Q4 24
$732.6M
$3.0B
Q3 24
$737.7M
$3.1B
Q2 24
$744.9M
$2.7B
Debt / Equity
ETD
ETD
IONS
IONS
Q1 26
Q4 25
3.71×
Q3 25
Q2 25
Q1 25
Q4 24
2.13×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
ETD
ETD
IONS
IONS
Operating Cash FlowLast quarter
$-137.7M
Free Cash FlowOCF − Capex
$-159.0M
FCF MarginFCF / Revenue
-78.2%
Capex IntensityCapex / Revenue
10.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-320.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ETD
ETD
IONS
IONS
Q1 26
Q4 25
$-1.8M
$-137.7M
Q3 25
$16.8M
$-131.4M
Q2 25
$24.8M
$151.3M
Q1 25
$10.2M
$-150.8M
Q4 24
$11.6M
$-116.1M
Q3 24
$15.1M
$-115.0M
Q2 24
$26.2M
$-119.9M
Free Cash Flow
ETD
ETD
IONS
IONS
Q1 26
Q4 25
$-4.7M
$-159.0M
Q3 25
$14.4M
$-136.7M
Q2 25
$22.9M
$139.0M
Q1 25
$8.2M
$-163.4M
Q4 24
$7.8M
$-141.6M
Q3 24
$11.5M
$-124.0M
Q2 24
$24.2M
$-126.1M
FCF Margin
ETD
ETD
IONS
IONS
Q1 26
Q4 25
-3.2%
-78.2%
Q3 25
9.8%
-87.2%
Q2 25
14.3%
30.8%
Q1 25
5.7%
-124.1%
Q4 24
5.0%
-62.5%
Q3 24
7.4%
-92.7%
Q2 24
14.3%
-56.0%
Capex Intensity
ETD
ETD
IONS
IONS
Q1 26
Q4 25
1.9%
10.5%
Q3 25
1.6%
3.4%
Q2 25
1.2%
2.7%
Q1 25
1.4%
9.6%
Q4 24
2.4%
11.3%
Q3 24
2.3%
6.8%
Q2 24
1.2%
2.8%
Cash Conversion
ETD
ETD
IONS
IONS
Q1 26
Q4 25
-0.16×
Q3 25
1.61×
Q2 25
1.22×
Q1 25
1.06×
Q4 24
0.77×
Q3 24
1.02×
Q2 24
1.42×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ETD
ETD

Segment breakdown not available.

IONS
IONS

Products$58.0M29%
Spinraza Royalties$54.0M27%
Collaborative Agreement Revenue$52.4M26%
Wainus Royalties$16.0M8%
Wainua Joint Development Revenue$9.6M5%
Other Commercial$7.6M4%
Other Royalties$5.7M3%

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