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Side-by-side financial comparison of IONIS PHARMACEUTICALS INC (IONS) and UNITED FIRE GROUP INC (UFCS). Click either name above to swap in a different company.

UNITED FIRE GROUP INC is the larger business by last-quarter revenue ($365.8M vs $203.3M, roughly 1.8× IONIS PHARMACEUTICALS INC). On growth, UNITED FIRE GROUP INC posted the faster year-over-year revenue change (9.8% vs -10.3%). Over the past eight quarters, IONIS PHARMACEUTICALS INC's revenue compounded faster (30.4% CAGR vs 11.2%).

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.

The United Fruit Company was an American multinational corporation that traded in tropical fruit grown on Latin American plantations and sold in the United States and Europe. The company was formed in 1899 from the merger of the Boston Fruit Company with Minor C. Keith's banana-trading enterprises. It flourished in the early and mid-20th century, and it came to control vast territories and transportation networks in Central America, the Caribbean coast of Colombia, and the West Indies. Althou...

IONS vs UFCS — Head-to-Head

Bigger by revenue
UFCS
UFCS
1.8× larger
UFCS
$365.8M
$203.3M
IONS
Growing faster (revenue YoY)
UFCS
UFCS
+20.1% gap
UFCS
9.8%
-10.3%
IONS
Faster 2-yr revenue CAGR
IONS
IONS
Annualised
IONS
30.4%
11.2%
UFCS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IONS
IONS
UFCS
UFCS
Revenue
$203.3M
$365.8M
Net Profit
$-229.4M
Gross Margin
96.1%
Operating Margin
-105.5%
13.2%
Net Margin
-112.8%
Revenue YoY
-10.3%
9.8%
Net Profit YoY
-119.8%
EPS (diluted)
$-1.35
$1.45

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
IONS
IONS
UFCS
UFCS
Q4 25
$203.3M
$365.8M
Q3 25
$156.7M
$354.0M
Q2 25
$452.0M
$335.5M
Q1 25
$131.6M
$331.1M
Q4 24
$226.6M
$333.2M
Q3 24
$133.8M
$323.0M
Q2 24
$225.3M
$301.2M
Q1 24
$119.5M
$296.0M
Net Profit
IONS
IONS
UFCS
UFCS
Q4 25
$-229.4M
Q3 25
$-128.6M
$39.2M
Q2 25
$123.6M
$22.9M
Q1 25
$-146.9M
$17.7M
Q4 24
$-104.3M
Q3 24
$-140.5M
$19.7M
Q2 24
$-66.3M
$-2.7M
Q1 24
$-142.8M
$13.5M
Gross Margin
IONS
IONS
UFCS
UFCS
Q4 25
96.1%
Q3 25
98.5%
Q2 25
99.1%
Q1 25
98.9%
Q4 24
98.3%
Q3 24
99.2%
Q2 24
98.2%
Q1 24
98.2%
Operating Margin
IONS
IONS
UFCS
UFCS
Q4 25
-105.5%
13.2%
Q3 25
-102.2%
13.7%
Q2 25
30.9%
8.7%
Q1 25
-111.6%
6.6%
Q4 24
-48.9%
11.9%
Q3 24
-111.1%
7.7%
Q2 24
-29.3%
-1.3%
Q1 24
-125.1%
5.5%
Net Margin
IONS
IONS
UFCS
UFCS
Q4 25
-112.8%
Q3 25
-82.1%
11.1%
Q2 25
27.3%
6.8%
Q1 25
-111.6%
5.3%
Q4 24
-46.1%
Q3 24
-105.0%
6.1%
Q2 24
-29.4%
-0.9%
Q1 24
-119.5%
4.6%
EPS (diluted)
IONS
IONS
UFCS
UFCS
Q4 25
$-1.35
$1.45
Q3 25
$-0.80
$1.49
Q2 25
$0.70
$0.87
Q1 25
$-0.93
$0.67
Q4 24
$-0.66
$1.22
Q3 24
$-0.95
$0.76
Q2 24
$-0.45
$-0.11
Q1 24
$-0.98
$0.52

Balance Sheet & Financial Strength

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

Metric
IONS
IONS
UFCS
UFCS
Cash + ST InvestmentsLiquidity on hand
$2.7B
$156.3M
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$489.1M
$941.2M
Total Assets
$3.5B
$3.8B
Debt / EquityLower = less leverage
3.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IONS
IONS
UFCS
UFCS
Q4 25
$2.7B
$156.3M
Q3 25
$2.2B
$233.7M
Q2 25
$2.3B
$202.1M
Q1 25
$2.1B
$183.7M
Q4 24
$2.3B
$200.9M
Q3 24
$2.5B
$197.4M
Q2 24
$2.1B
$153.4M
Q1 24
$2.2B
$217.8M
Total Debt
IONS
IONS
UFCS
UFCS
Q4 25
$1.8B
Q3 25
Q2 25
Q1 25
Q4 24
$1.3B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IONS
IONS
UFCS
UFCS
Q4 25
$489.1M
$941.2M
Q3 25
$618.0M
$898.7M
Q2 25
$631.7M
$845.7M
Q1 25
$475.7M
$817.7M
Q4 24
$588.4M
$781.5M
Q3 24
$662.5M
$785.8M
Q2 24
$263.7M
$726.6M
Q1 24
$296.5M
$736.8M
Total Assets
IONS
IONS
UFCS
UFCS
Q4 25
$3.5B
$3.8B
Q3 25
$3.0B
$3.8B
Q2 25
$3.0B
$3.7B
Q1 25
$2.8B
$3.5B
Q4 24
$3.0B
$3.5B
Q3 24
$3.1B
$3.5B
Q2 24
$2.7B
$3.4B
Q1 24
$2.8B
$3.2B
Debt / Equity
IONS
IONS
UFCS
UFCS
Q4 25
3.71×
Q3 25
Q2 25
Q1 25
Q4 24
2.13×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
IONS
IONS
UFCS
UFCS
Operating Cash FlowLast quarter
$-137.7M
$269.7M
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
IONS
IONS
UFCS
UFCS
Q4 25
$-137.7M
$269.7M
Q3 25
$-131.4M
$60.8M
Q2 25
$151.3M
$53.4M
Q1 25
$-150.8M
$35.7M
Q4 24
$-116.1M
$340.3M
Q3 24
$-115.0M
$56.5M
Q2 24
$-119.9M
$91.3M
Q1 24
$-149.9M
$36.2M
Free Cash Flow
IONS
IONS
UFCS
UFCS
Q4 25
$-159.0M
Q3 25
$-136.7M
Q2 25
$139.0M
Q1 25
$-163.4M
Q4 24
$-141.6M
Q3 24
$-124.0M
Q2 24
$-126.1M
Q1 24
$-154.4M
FCF Margin
IONS
IONS
UFCS
UFCS
Q4 25
-78.2%
Q3 25
-87.2%
Q2 25
30.8%
Q1 25
-124.1%
Q4 24
-62.5%
Q3 24
-92.7%
Q2 24
-56.0%
Q1 24
-129.2%
Capex Intensity
IONS
IONS
UFCS
UFCS
Q4 25
10.5%
Q3 25
3.4%
Q2 25
2.7%
Q1 25
9.6%
Q4 24
11.3%
Q3 24
6.8%
Q2 24
2.8%
Q1 24
3.8%
Cash Conversion
IONS
IONS
UFCS
UFCS
Q4 25
Q3 25
1.55×
Q2 25
1.22×
2.33×
Q1 25
2.02×
Q4 24
Q3 24
2.86×
Q2 24
Q1 24
2.68×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

UFCS
UFCS

Segment breakdown not available.

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