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Side-by-side financial comparison of First Foundation Inc. (FFWM) and IRONWOOD PHARMACEUTICALS INC (IRWD). Click either name above to swap in a different company.

First Foundation Inc. is the larger business by last-quarter revenue ($48.4M vs $47.7M, roughly 1.0× IRONWOOD PHARMACEUTICALS INC). IRONWOOD PHARMACEUTICALS INC runs the higher net margin — -4.8% vs -97.9%, a 93.1% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $-35.2M). Over the past eight quarters, First Foundation Inc.'s revenue compounded faster (-2.7% CAGR vs -20.2%).

John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.

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

FFWM vs IRWD — Head-to-Head

Bigger by revenue
FFWM
FFWM
1.0× larger
FFWM
$48.4M
$47.7M
IRWD
Growing faster (revenue YoY)
FFWM
FFWM
+469.0% gap
FFWM
421.7%
-47.3%
IRWD
Higher net margin
IRWD
IRWD
93.1% more per $
IRWD
-4.8%
-97.9%
FFWM
More free cash flow
IRWD
IRWD
$109.8M more FCF
IRWD
$74.6M
$-35.2M
FFWM
Faster 2-yr revenue CAGR
FFWM
FFWM
Annualised
FFWM
-2.7%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FFWM
FFWM
IRWD
IRWD
Revenue
$48.4M
$47.7M
Net Profit
$-8.0M
$-2.3M
Gross Margin
Operating Margin
-97.5%
14.3%
Net Margin
-97.9%
-4.8%
Revenue YoY
421.7%
-47.3%
Net Profit YoY
43.0%
-200.9%
EPS (diluted)
$-0.09
$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
FFWM
FFWM
IRWD
IRWD
Q4 25
$48.4M
$47.7M
Q3 25
$63.6M
$122.1M
Q2 25
$51.4M
$85.2M
Q1 25
$71.4M
$41.1M
Q4 24
$9.3M
$90.5M
Q3 24
$9.2M
$91.6M
Q2 24
$57.5M
$94.4M
Q1 24
$51.1M
$74.9M
Net Profit
FFWM
FFWM
IRWD
IRWD
Q4 25
$-8.0M
$-2.3M
Q3 25
$-146.3M
$40.1M
Q2 25
$-7.7M
$23.6M
Q1 25
$6.9M
$-37.4M
Q4 24
$-14.1M
$2.3M
Q3 24
$-82.2M
$3.6M
Q2 24
$3.1M
$-860.0K
Q1 24
$793.0K
$-4.2M
Operating Margin
FFWM
FFWM
IRWD
IRWD
Q4 25
-97.5%
14.3%
Q3 25
-92.7%
61.8%
Q2 25
-21.1%
53.2%
Q1 25
8.8%
-70.7%
Q4 24
-247.7%
34.8%
Q3 24
-1276.7%
28.0%
Q2 24
4.6%
26.5%
Q1 24
-0.2%
14.7%
Net Margin
FFWM
FFWM
IRWD
IRWD
Q4 25
-97.9%
-4.8%
Q3 25
-230.1%
32.8%
Q2 25
-15.0%
27.7%
Q1 25
9.7%
-90.9%
Q4 24
-152.2%
2.5%
Q3 24
-896.9%
4.0%
Q2 24
5.4%
-0.9%
Q1 24
1.6%
-5.6%
EPS (diluted)
FFWM
FFWM
IRWD
IRWD
Q4 25
$-0.09
$0.01
Q3 25
$-1.78
$0.23
Q2 25
$-0.09
$0.14
Q1 25
$0.08
$-0.23
Q4 24
$-0.24
$0.03
Q3 24
$-1.23
$0.02
Q2 24
$0.05
$-0.01
Q1 24
$0.01
$-0.03

Balance Sheet & Financial Strength

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

Metric
FFWM
FFWM
IRWD
IRWD
Cash + ST InvestmentsLiquidity on hand
$1.6B
$215.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$912.6M
$-261.8M
Total Assets
$11.9B
$396.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFWM
FFWM
IRWD
IRWD
Q4 25
$1.6B
$215.5M
Q3 25
$1.7B
$140.4M
Q2 25
$1.1B
$92.9M
Q1 25
$1.0B
$108.5M
Q4 24
$1.0B
$88.6M
Q3 24
$1.1B
$88.2M
Q2 24
$1.4B
$105.5M
Q1 24
$1.6B
$121.5M
Total Debt
FFWM
FFWM
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
FFWM
FFWM
IRWD
IRWD
Q4 25
$912.6M
$-261.8M
Q3 25
$917.9M
$-264.2M
Q2 25
$1.1B
$-308.2M
Q1 25
$1.1B
$-334.1M
Q4 24
$1.1B
$-301.3M
Q3 24
$1.1B
$-311.3M
Q2 24
$933.2M
$-321.7M
Q1 24
$928.7M
$-330.5M
Total Assets
FFWM
FFWM
IRWD
IRWD
Q4 25
$11.9B
$396.9M
Q3 25
$11.9B
$396.1M
Q2 25
$11.6B
$342.9M
Q1 25
$12.6B
$327.2M
Q4 24
$12.6B
$350.9M
Q3 24
$13.4B
$389.5M
Q2 24
$13.7B
$395.6M
Q1 24
$13.6B
$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
FFWM
FFWM
IRWD
IRWD
Operating Cash FlowLast quarter
$-31.9M
$74.6M
Free Cash FlowOCF − Capex
$-35.2M
$74.6M
FCF MarginFCF / Revenue
-72.8%
156.3%
Capex IntensityCapex / Revenue
6.9%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-45.9M
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFWM
FFWM
IRWD
IRWD
Q4 25
$-31.9M
$74.6M
Q3 25
$9.2M
$47.6M
Q2 25
$-16.3M
$-15.1M
Q1 25
$-552.0K
$20.0M
Q4 24
$-8.7M
$15.2M
Q3 24
$14.2M
$9.9M
Q2 24
$-9.1M
$33.5M
Q1 24
$7.2M
$45.0M
Free Cash Flow
FFWM
FFWM
IRWD
IRWD
Q4 25
$-35.2M
$74.6M
Q3 25
$8.6M
$47.6M
Q2 25
$-16.7M
$-15.1M
Q1 25
$-2.5M
$19.9M
Q4 24
$-11.4M
Q3 24
$13.4M
$9.9M
Q2 24
$-9.4M
$33.4M
Q1 24
$5.9M
$44.9M
FCF Margin
FFWM
FFWM
IRWD
IRWD
Q4 25
-72.8%
156.3%
Q3 25
13.5%
39.0%
Q2 25
-32.4%
-17.7%
Q1 25
-3.5%
48.4%
Q4 24
-123.5%
Q3 24
146.2%
10.8%
Q2 24
-16.3%
35.4%
Q1 24
11.6%
60.0%
Capex Intensity
FFWM
FFWM
IRWD
IRWD
Q4 25
6.9%
0.0%
Q3 25
1.0%
0.0%
Q2 25
0.8%
0.0%
Q1 25
2.8%
0.1%
Q4 24
29.4%
0.0%
Q3 24
9.0%
0.0%
Q2 24
0.4%
0.1%
Q1 24
2.5%
0.1%
Cash Conversion
FFWM
FFWM
IRWD
IRWD
Q4 25
Q3 25
1.19×
Q2 25
-0.64×
Q1 25
-0.08×
Q4 24
6.74×
Q3 24
2.71×
Q2 24
-2.96×
Q1 24
9.09×

Financial Flow Comparison

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

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