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Side-by-side financial comparison of IRONWOOD PHARMACEUTICALS INC (IRWD) and IT TECH PACKAGING, INC. (ITP). Click either name above to swap in a different company.

IRONWOOD PHARMACEUTICALS INC is the larger business by last-quarter revenue ($47.7M vs $25.6M, roughly 1.9× IT TECH PACKAGING, INC.). IRONWOOD PHARMACEUTICALS INC runs the higher net margin — -4.8% vs -5.7%, a 0.9% gap on every dollar of revenue. On growth, IT TECH PACKAGING, INC. posted the faster year-over-year revenue change (2.1% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $1.5M). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% CAGR vs -20.2%).

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

IT TECH PACKAGING, INC. is a paper manufacturing enterprise primarily operating in China. It produces and distributes a diverse portfolio of paper products including corrugated packaging paper, boxboard, and printing-use cultural paper, serving sectors such as consumer goods packaging, logistics, and commercial printing across its core market.

IRWD vs ITP — Head-to-Head

Bigger by revenue
IRWD
IRWD
1.9× larger
IRWD
$47.7M
$25.6M
ITP
Growing faster (revenue YoY)
ITP
ITP
+49.4% gap
ITP
2.1%
-47.3%
IRWD
Higher net margin
IRWD
IRWD
0.9% more per $
IRWD
-4.8%
-5.7%
ITP
More free cash flow
IRWD
IRWD
$73.1M more FCF
IRWD
$74.6M
$1.5M
ITP
Faster 2-yr revenue CAGR
ITP
ITP
Annualised
ITP
10.5%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
IRWD
IRWD
ITP
ITP
Revenue
$47.7M
$25.6M
Net Profit
$-2.3M
$-1.4M
Gross Margin
7.9%
Operating Margin
14.3%
-3.9%
Net Margin
-4.8%
-5.7%
Revenue YoY
-47.3%
2.1%
Net Profit YoY
-200.9%
26.6%
EPS (diluted)
$0.01
$-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
IRWD
IRWD
ITP
ITP
Q4 25
$47.7M
Q3 25
$122.1M
$25.6M
Q2 25
$85.2M
$24.8M
Q1 25
$41.1M
$10.9M
Q4 24
$90.5M
$17.6M
Q3 24
$91.6M
$25.1M
Q2 24
$94.4M
$26.2M
Q1 24
$74.9M
$6.9M
Net Profit
IRWD
IRWD
ITP
ITP
Q4 25
$-2.3M
Q3 25
$40.1M
$-1.4M
Q2 25
$23.6M
$-2.0M
Q1 25
$-37.4M
$-3.5M
Q4 24
$2.3M
$-4.0M
Q3 24
$3.6M
$-2.0M
Q2 24
$-860.0K
$-77.7K
Q1 24
$-4.2M
$-3.7M
Gross Margin
IRWD
IRWD
ITP
ITP
Q4 25
Q3 25
7.9%
Q2 25
5.1%
Q1 25
0.8%
Q4 24
6.3%
Q3 24
7.6%
Q2 24
12.4%
Q1 24
5.8%
Operating Margin
IRWD
IRWD
ITP
ITP
Q4 25
14.3%
Q3 25
61.8%
-3.9%
Q2 25
53.2%
-7.1%
Q1 25
-70.7%
-31.0%
Q4 24
34.8%
-21.5%
Q3 24
28.0%
-5.8%
Q2 24
26.5%
2.1%
Q1 24
14.7%
-51.0%
Net Margin
IRWD
IRWD
ITP
ITP
Q4 25
-4.8%
Q3 25
32.8%
-5.7%
Q2 25
27.7%
-7.9%
Q1 25
-90.9%
-32.2%
Q4 24
2.5%
-22.9%
Q3 24
4.0%
-7.9%
Q2 24
-0.9%
-0.3%
Q1 24
-5.6%
-54.6%
EPS (diluted)
IRWD
IRWD
ITP
ITP
Q4 25
$0.01
Q3 25
$0.23
$-0.11
Q2 25
$0.14
$-0.16
Q1 25
$-0.23
$-0.35
Q4 24
$0.03
$-0.40
Q3 24
$0.02
$-0.20
Q2 24
$-0.01
$-0.01
Q1 24
$-0.03
$-0.37

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
ITP
ITP
Cash + ST InvestmentsLiquidity on hand
$215.5M
Total DebtLower is stronger
$4.7M
Stockholders' EquityBook value
$-261.8M
$152.0M
Total Assets
$396.9M
$175.7M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
ITP
ITP
Q4 25
$215.5M
Q3 25
$140.4M
Q2 25
$92.9M
Q1 25
$108.5M
Q4 24
$88.6M
Q3 24
$88.2M
Q2 24
$105.5M
Q1 24
$121.5M
Total Debt
IRWD
IRWD
ITP
ITP
Q4 25
Q3 25
$199.5M
$4.7M
Q2 25
$199.3M
$4.7M
Q1 25
$199.2M
$4.7M
Q4 24
$199.0M
$4.7M
Q3 24
$198.8M
$8.9M
Q2 24
$198.6M
$11.3M
Q1 24
$398.3M
$11.4M
Stockholders' Equity
IRWD
IRWD
ITP
ITP
Q4 25
$-261.8M
Q3 25
$-264.2M
$152.0M
Q2 25
$-308.2M
$152.3M
Q1 25
$-334.1M
$152.8M
Q4 24
$-301.3M
$156.1M
Q3 24
$-311.3M
$164.3M
Q2 24
$-321.7M
$163.5M
Q1 24
$-330.5M
$164.3M
Total Assets
IRWD
IRWD
ITP
ITP
Q4 25
$396.9M
Q3 25
$396.1M
$175.7M
Q2 25
$342.9M
$175.2M
Q1 25
$327.2M
$175.2M
Q4 24
$350.9M
$177.5M
Q3 24
$389.5M
$190.0M
Q2 24
$395.6M
$191.4M
Q1 24
$438.8M
$177.5M
Debt / Equity
IRWD
IRWD
ITP
ITP
Q4 25
Q3 25
0.03×
Q2 25
0.03×
Q1 25
0.03×
Q4 24
0.03×
Q3 24
0.05×
Q2 24
0.07×
Q1 24
0.07×

Cash Flow & Capital Efficiency

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

Metric
IRWD
IRWD
ITP
ITP
Operating Cash FlowLast quarter
$74.6M
$1.5M
Free Cash FlowOCF − Capex
$74.6M
$1.5M
FCF MarginFCF / Revenue
156.3%
5.9%
Capex IntensityCapex / Revenue
0.0%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$127.0M
$3.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRWD
IRWD
ITP
ITP
Q4 25
$74.6M
Q3 25
$47.6M
$1.5M
Q2 25
$-15.1M
$1.4M
Q1 25
$20.0M
$-2.5M
Q4 24
$15.2M
$3.5M
Q3 24
$9.9M
$1.5M
Q2 24
$33.5M
$721.9K
Q1 24
$45.0M
$624.4K
Free Cash Flow
IRWD
IRWD
ITP
ITP
Q4 25
$74.6M
Q3 25
$47.6M
$1.5M
Q2 25
$-15.1M
$1.3M
Q1 25
$19.9M
$-2.5M
Q4 24
$3.5M
Q3 24
$9.9M
$1.2M
Q2 24
$33.4M
$668.3K
Q1 24
$44.9M
$615.4K
FCF Margin
IRWD
IRWD
ITP
ITP
Q4 25
156.3%
Q3 25
39.0%
5.9%
Q2 25
-17.7%
5.4%
Q1 25
48.4%
-22.8%
Q4 24
19.6%
Q3 24
10.8%
4.9%
Q2 24
35.4%
2.5%
Q1 24
60.0%
9.0%
Capex Intensity
IRWD
IRWD
ITP
ITP
Q4 25
0.0%
Q3 25
0.0%
0.0%
Q2 25
0.0%
0.1%
Q1 25
0.1%
0.1%
Q4 24
0.0%
0.1%
Q3 24
0.0%
1.0%
Q2 24
0.1%
0.2%
Q1 24
0.1%
0.1%
Cash Conversion
IRWD
IRWD
ITP
ITP
Q4 25
Q3 25
1.19×
Q2 25
-0.64×
Q1 25
Q4 24
6.74×
Q3 24
2.71×
Q2 24
Q1 24

Financial Flow Comparison

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

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