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

FINANCIAL INSTITUTIONS INC is the larger business by last-quarter revenue ($62.7M vs $47.7M, roughly 1.3× IRONWOOD PHARMACEUTICALS INC). FINANCIAL INSTITUTIONS INC runs the higher net margin — 33.5% vs -4.8%, a 38.3% gap on every dollar of revenue. Over the past eight quarters, FINANCIAL INSTITUTIONS INC's revenue compounded faster (-2.0% CAGR vs -20.2%).

The Mizuho Financial Group, Inc. , known from 2000 to 2003 as Mizuho Holdings and abbreviated as MHFG or simply Mizuho, is a Japanese banking holding company headquartered in the Ōtemachi district of Chiyoda, Tokyo, Japan. The group was formed in 2000–2002 by merger of Dai-Ichi Kangyo Bank, Fuji Bank, and Industrial Bank of Japan. The name mizuho (瑞穂) literally means "abundant rice" in Japanese and "harvest" in the figurative sense.

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

FISI vs IRWD — Head-to-Head

Bigger by revenue
FISI
FISI
1.3× larger
FISI
$62.7M
$47.7M
IRWD
Higher net margin
FISI
FISI
38.3% more per $
FISI
33.5%
-4.8%
IRWD
Faster 2-yr revenue CAGR
FISI
FISI
Annualised
FISI
-2.0%
-20.2%
IRWD

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FISI
FISI
IRWD
IRWD
Revenue
$62.7M
$47.7M
Net Profit
$21.0M
$-2.3M
Gross Margin
Operating Margin
14.3%
Net Margin
33.5%
-4.8%
Revenue YoY
-47.3%
Net Profit YoY
24.3%
-200.9%
EPS (diluted)
$1.04
$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
FISI
FISI
IRWD
IRWD
Q1 26
$62.7M
Q4 25
$64.1M
$47.7M
Q3 25
$63.8M
$122.1M
Q2 25
$59.7M
$85.2M
Q1 25
$57.2M
$41.1M
Q4 24
$41.6M
$90.5M
Q3 24
$50.1M
$91.6M
Q2 24
$65.2M
$94.4M
Net Profit
FISI
FISI
IRWD
IRWD
Q1 26
$21.0M
Q4 25
$20.0M
$-2.3M
Q3 25
$20.5M
$40.1M
Q2 25
$17.5M
$23.6M
Q1 25
$16.9M
$-37.4M
Q4 24
$-82.8M
$2.3M
Q3 24
$13.5M
$3.6M
Q2 24
$25.6M
$-860.0K
Operating Margin
FISI
FISI
IRWD
IRWD
Q1 26
Q4 25
37.4%
14.3%
Q3 25
39.5%
61.8%
Q2 25
36.0%
53.2%
Q1 25
36.0%
-70.7%
Q4 24
-276.9%
34.8%
Q3 24
29.0%
28.0%
Q2 24
46.2%
26.5%
Net Margin
FISI
FISI
IRWD
IRWD
Q1 26
33.5%
Q4 25
38.3%
-4.8%
Q3 25
32.1%
32.8%
Q2 25
29.3%
27.7%
Q1 25
29.5%
-90.9%
Q4 24
-198.9%
2.5%
Q3 24
26.9%
4.0%
Q2 24
39.3%
-0.9%
EPS (diluted)
FISI
FISI
IRWD
IRWD
Q1 26
$1.04
Q4 25
$0.96
$0.01
Q3 25
$0.99
$0.23
Q2 25
$0.85
$0.14
Q1 25
$0.81
$-0.23
Q4 24
$-5.32
$0.03
Q3 24
$0.84
$0.02
Q2 24
$1.62
$-0.01

Balance Sheet & Financial Strength

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

Metric
FISI
FISI
IRWD
IRWD
Cash + ST InvestmentsLiquidity on hand
$85.5M
$215.5M
Total DebtLower is stronger
$114.0M
Stockholders' EquityBook value
$-261.8M
Total Assets
$6.3B
$396.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FISI
FISI
IRWD
IRWD
Q1 26
$85.5M
Q4 25
$108.8M
$215.5M
Q3 25
$185.9M
$140.4M
Q2 25
$93.0M
$92.9M
Q1 25
$167.4M
$108.5M
Q4 24
$87.3M
$88.6M
Q3 24
$88.2M
Q2 24
$105.5M
Total Debt
FISI
FISI
IRWD
IRWD
Q1 26
$114.0M
Q4 25
$193.7M
Q3 25
$115.0M
$199.5M
Q2 25
$115.0M
$199.3M
Q1 25
$124.9M
$199.2M
Q4 24
$124.8M
$199.0M
Q3 24
$124.8M
$198.8M
Q2 24
$124.7M
$198.6M
Stockholders' Equity
FISI
FISI
IRWD
IRWD
Q1 26
Q4 25
$628.9M
$-261.8M
Q3 25
$621.7M
$-264.2M
Q2 25
$601.7M
$-308.2M
Q1 25
$589.9M
$-334.1M
Q4 24
$569.0M
$-301.3M
Q3 24
$500.3M
$-311.3M
Q2 24
$467.7M
$-321.7M
Total Assets
FISI
FISI
IRWD
IRWD
Q1 26
$6.3B
Q4 25
$6.3B
$396.9M
Q3 25
$6.3B
$396.1M
Q2 25
$6.1B
$342.9M
Q1 25
$6.3B
$327.2M
Q4 24
$6.1B
$350.9M
Q3 24
$6.2B
$389.5M
Q2 24
$6.1B
$395.6M
Debt / Equity
FISI
FISI
IRWD
IRWD
Q1 26
Q4 25
0.31×
Q3 25
0.18×
Q2 25
0.19×
Q1 25
0.21×
Q4 24
0.22×
Q3 24
0.25×
Q2 24
0.27×

Cash Flow & Capital Efficiency

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

Metric
FISI
FISI
IRWD
IRWD
Operating Cash FlowLast quarter
$74.6M
Free Cash FlowOCF − Capex
$74.6M
FCF MarginFCF / Revenue
156.3%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FISI
FISI
IRWD
IRWD
Q1 26
Q4 25
$18.8M
$74.6M
Q3 25
$-6.9M
$47.6M
Q2 25
$-5.7M
$-15.1M
Q1 25
$10.0M
$20.0M
Q4 24
$77.1M
$15.2M
Q3 24
$2.1M
$9.9M
Q2 24
$35.7M
$33.5M
Free Cash Flow
FISI
FISI
IRWD
IRWD
Q1 26
Q4 25
$13.3M
$74.6M
Q3 25
$-7.9M
$47.6M
Q2 25
$-7.3M
$-15.1M
Q1 25
$9.2M
$19.9M
Q4 24
$72.2M
Q3 24
$-299.0K
$9.9M
Q2 24
$34.7M
$33.4M
FCF Margin
FISI
FISI
IRWD
IRWD
Q1 26
Q4 25
20.7%
156.3%
Q3 25
-12.4%
39.0%
Q2 25
-12.3%
-17.7%
Q1 25
16.1%
48.4%
Q4 24
173.3%
Q3 24
-0.6%
10.8%
Q2 24
53.3%
35.4%
Capex Intensity
FISI
FISI
IRWD
IRWD
Q1 26
Q4 25
8.7%
0.0%
Q3 25
1.6%
0.0%
Q2 25
2.7%
0.0%
Q1 25
1.4%
0.1%
Q4 24
11.9%
0.0%
Q3 24
4.9%
0.0%
Q2 24
1.5%
0.1%
Cash Conversion
FISI
FISI
IRWD
IRWD
Q1 26
Q4 25
0.94×
Q3 25
-0.34×
1.19×
Q2 25
-0.33×
-0.64×
Q1 25
0.59×
Q4 24
6.74×
Q3 24
0.16×
2.71×
Q2 24
1.39×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FISI
FISI

Net Interest Income$52.0M83%
Noninterest Income$10.7M17%

IRWD
IRWD

Segment breakdown not available.

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