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

IRONWOOD PHARMACEUTICALS INC is the larger business by last-quarter revenue ($47.7M vs $41.5M, roughly 1.2× GLADSTONE LAND Corp). GLADSTONE LAND Corp runs the higher net margin — 10.2% vs -4.8%, a 14.9% gap on every dollar of revenue. On growth, GLADSTONE LAND Corp posted the faster year-over-year revenue change (96.5% vs -47.3%). Over the past eight quarters, GLADSTONE LAND Corp's revenue compounded faster (43.1% CAGR vs -20.2%).

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

Hongkong Land (HKL) is a property investment, management and development group with commercial and residential property interests across Asia. It owns and manages some 850,000 sq. m. of office and retail property in Asia, principally in Hong Kong and Singapore. Its Hong Kong portfolio represents some 450,000 sq. m. of commercial property, making it the single largest landlord in Central, Hong Kong. In Singapore it has 165,000 sq. m. of office space mainly held through joint ventures. While it...

IRWD vs LAND — Head-to-Head

Bigger by revenue
IRWD
IRWD
1.2× larger
IRWD
$47.7M
$41.5M
LAND
Growing faster (revenue YoY)
LAND
LAND
+143.8% gap
LAND
96.5%
-47.3%
IRWD
Higher net margin
LAND
LAND
14.9% more per $
LAND
10.2%
-4.8%
IRWD
Faster 2-yr revenue CAGR
LAND
LAND
Annualised
LAND
43.1%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IRWD
IRWD
LAND
LAND
Revenue
$47.7M
$41.5M
Net Profit
$-2.3M
$4.2M
Gross Margin
Operating Margin
14.3%
Net Margin
-4.8%
10.2%
Revenue YoY
-47.3%
96.5%
Net Profit YoY
-200.9%
680.0%
EPS (diluted)
$0.01
$-0.05

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
LAND
LAND
Q4 25
$47.7M
$41.5M
Q3 25
$122.1M
$17.8M
Q2 25
$85.2M
$12.3M
Q1 25
$41.1M
$16.8M
Q4 24
$90.5M
$21.1M
Q3 24
$91.6M
$22.6M
Q2 24
$94.4M
$21.3M
Q1 24
$74.9M
$20.3M
Net Profit
IRWD
IRWD
LAND
LAND
Q4 25
$-2.3M
$4.2M
Q3 25
$40.1M
$2.1M
Q2 25
$23.6M
$-7.9M
Q1 25
$-37.4M
$15.1M
Q4 24
$2.3M
$540.0K
Q3 24
$3.6M
$6.0K
Q2 24
$-860.0K
$-823.0K
Q1 24
$-4.2M
$13.6M
Operating Margin
IRWD
IRWD
LAND
LAND
Q4 25
14.3%
Q3 25
61.8%
Q2 25
53.2%
Q1 25
-70.7%
Q4 24
34.8%
Q3 24
28.0%
Q2 24
26.5%
Q1 24
14.7%
Net Margin
IRWD
IRWD
LAND
LAND
Q4 25
-4.8%
10.2%
Q3 25
32.8%
11.7%
Q2 25
27.7%
-64.1%
Q1 25
-90.9%
89.9%
Q4 24
2.5%
2.6%
Q3 24
4.0%
0.0%
Q2 24
-0.9%
-3.9%
Q1 24
-5.6%
67.0%
EPS (diluted)
IRWD
IRWD
LAND
LAND
Q4 25
$0.01
$-0.05
Q3 25
$0.23
$-0.11
Q2 25
$0.14
$-0.38
Q1 25
$-0.23
$0.25
Q4 24
$0.03
$-0.15
Q3 24
$0.02
$-0.16
Q2 24
$-0.01
$-0.19
Q1 24
$-0.03
$0.21

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
LAND
LAND
Cash + ST InvestmentsLiquidity on hand
$215.5M
$27.2M
Total DebtLower is stronger
$473.6M
Stockholders' EquityBook value
$-261.8M
$670.3M
Total Assets
$396.9M
$1.2B
Debt / EquityLower = less leverage
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
LAND
LAND
Q4 25
$215.5M
$27.2M
Q3 25
$140.4M
$11.3M
Q2 25
$92.9M
$30.5M
Q1 25
$108.5M
$42.9M
Q4 24
$88.6M
$18.3M
Q3 24
$88.2M
$13.2M
Q2 24
$105.5M
$49.8M
Q1 24
$121.5M
$51.6M
Total Debt
IRWD
IRWD
LAND
LAND
Q4 25
$473.6M
Q3 25
$199.5M
$480.4M
Q2 25
$199.3M
$496.4M
Q1 25
$199.2M
$498.8M
Q4 24
$199.0M
$527.5M
Q3 24
$198.8M
$530.7M
Q2 24
$198.6M
$549.4M
Q1 24
$398.3M
$552.2M
Stockholders' Equity
IRWD
IRWD
LAND
LAND
Q4 25
$-261.8M
$670.3M
Q3 25
$-264.2M
$661.8M
Q2 25
$-308.2M
$670.1M
Q1 25
$-334.1M
$689.9M
Q4 24
$-301.3M
$687.2M
Q3 24
$-311.3M
$691.2M
Q2 24
$-321.7M
$708.5M
Q1 24
$-330.5M
$723.3M
Total Assets
IRWD
IRWD
LAND
LAND
Q4 25
$396.9M
$1.2B
Q3 25
$396.1M
$1.2B
Q2 25
$342.9M
$1.3B
Q1 25
$327.2M
$1.3B
Q4 24
$350.9M
$1.3B
Q3 24
$389.5M
$1.3B
Q2 24
$395.6M
$1.4B
Q1 24
$438.8M
$1.4B
Debt / Equity
IRWD
IRWD
LAND
LAND
Q4 25
0.71×
Q3 25
0.73×
Q2 25
0.74×
Q1 25
0.72×
Q4 24
0.77×
Q3 24
0.77×
Q2 24
0.78×
Q1 24
0.76×

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
LAND
LAND
Operating Cash FlowLast quarter
$74.6M
$7.0M
Free Cash FlowOCF − Capex
$74.6M
FCF MarginFCF / Revenue
156.3%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.66×
TTM Free Cash FlowTrailing 4 quarters
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRWD
IRWD
LAND
LAND
Q4 25
$74.6M
$7.0M
Q3 25
$47.6M
$-12.0M
Q2 25
$-15.1M
$3.9M
Q1 25
$20.0M
$4.5M
Q4 24
$15.2M
$29.5M
Q3 24
$9.9M
$-1.4M
Q2 24
$33.5M
$15.9M
Q1 24
$45.0M
$3.4M
Free Cash Flow
IRWD
IRWD
LAND
LAND
Q4 25
$74.6M
Q3 25
$47.6M
Q2 25
$-15.1M
Q1 25
$19.9M
Q4 24
Q3 24
$9.9M
Q2 24
$33.4M
Q1 24
$44.9M
FCF Margin
IRWD
IRWD
LAND
LAND
Q4 25
156.3%
Q3 25
39.0%
Q2 25
-17.7%
Q1 25
48.4%
Q4 24
Q3 24
10.8%
Q2 24
35.4%
Q1 24
60.0%
Capex Intensity
IRWD
IRWD
LAND
LAND
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
IRWD
IRWD
LAND
LAND
Q4 25
1.66×
Q3 25
1.19×
-5.77×
Q2 25
-0.64×
Q1 25
0.30×
Q4 24
6.74×
54.72×
Q3 24
2.71×
-227.83×
Q2 24
Q1 24
0.25×

Financial Flow Comparison

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

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