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

IRONWOOD PHARMACEUTICALS INC is the larger business by last-quarter revenue ($47.7M vs $23.9M, roughly 2.0× LCNB CORP). LCNB CORP runs the higher net margin — 23.7% vs -4.8%, a 28.5% gap on every dollar of revenue. On growth, LCNB CORP posted the faster year-over-year revenue change (5.1% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $33.4M). Over the past eight quarters, LCNB CORP's revenue compounded faster (15.7% CAGR vs -20.2%).

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

LCNB Corp is a United States-based financial holding company that operates through its national bank subsidiary, providing a full suite of retail and commercial banking products and services including deposit accounts, various loan products, wealth management, and insurance solutions primarily to individual consumers, small and medium-sized enterprises and local community organizations across regional markets in Ohio.

IRWD vs LCNB — Head-to-Head

Bigger by revenue
IRWD
IRWD
2.0× larger
IRWD
$47.7M
$23.9M
LCNB
Growing faster (revenue YoY)
LCNB
LCNB
+52.4% gap
LCNB
5.1%
-47.3%
IRWD
Higher net margin
LCNB
LCNB
28.5% more per $
LCNB
23.7%
-4.8%
IRWD
More free cash flow
IRWD
IRWD
$41.1M more FCF
IRWD
$74.6M
$33.4M
LCNB
Faster 2-yr revenue CAGR
LCNB
LCNB
Annualised
LCNB
15.7%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IRWD
IRWD
LCNB
LCNB
Revenue
$47.7M
$23.9M
Net Profit
$-2.3M
$5.7M
Gross Margin
Operating Margin
14.3%
29.2%
Net Margin
-4.8%
23.7%
Revenue YoY
-47.3%
5.1%
Net Profit YoY
-200.9%
-7.6%
EPS (diluted)
$0.01
$0.40

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
LCNB
LCNB
Q4 25
$47.7M
$23.9M
Q3 25
$122.1M
$23.8M
Q2 25
$85.2M
$22.8M
Q1 25
$41.1M
$21.5M
Q4 24
$90.5M
$22.7M
Q3 24
$91.6M
$21.4M
Q2 24
$94.4M
$19.3M
Q1 24
$74.9M
$17.8M
Net Profit
IRWD
IRWD
LCNB
LCNB
Q4 25
$-2.3M
$5.7M
Q3 25
$40.1M
$6.9M
Q2 25
$23.6M
$5.9M
Q1 25
$-37.4M
$4.6M
Q4 24
$2.3M
$6.1M
Q3 24
$3.6M
$4.5M
Q2 24
$-860.0K
$925.0K
Q1 24
$-4.2M
$1.9M
Operating Margin
IRWD
IRWD
LCNB
LCNB
Q4 25
14.3%
29.2%
Q3 25
61.8%
35.6%
Q2 25
53.2%
31.6%
Q1 25
-70.7%
25.6%
Q4 24
34.8%
32.9%
Q3 24
28.0%
24.9%
Q2 24
26.5%
4.9%
Q1 24
14.7%
12.5%
Net Margin
IRWD
IRWD
LCNB
LCNB
Q4 25
-4.8%
23.7%
Q3 25
32.8%
29.1%
Q2 25
27.7%
26.0%
Q1 25
-90.9%
21.4%
Q4 24
2.5%
27.0%
Q3 24
4.0%
21.2%
Q2 24
-0.9%
4.8%
Q1 24
-5.6%
10.7%
EPS (diluted)
IRWD
IRWD
LCNB
LCNB
Q4 25
$0.01
$0.40
Q3 25
$0.23
$0.49
Q2 25
$0.14
$0.41
Q1 25
$-0.23
$0.33
Q4 24
$0.03
$0.44
Q3 24
$0.02
$0.31
Q2 24
$-0.01
$0.07
Q1 24
$-0.03
$0.15

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
LCNB
LCNB
Cash + ST InvestmentsLiquidity on hand
$215.5M
$21.6M
Total DebtLower is stronger
$104.4M
Stockholders' EquityBook value
$-261.8M
$273.9M
Total Assets
$396.9M
$2.2B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
LCNB
LCNB
Q4 25
$215.5M
$21.6M
Q3 25
$140.4M
$35.9M
Q2 25
$92.9M
$49.8M
Q1 25
$108.5M
$37.7M
Q4 24
$88.6M
$35.7M
Q3 24
$88.2M
$39.4M
Q2 24
$105.5M
$34.9M
Q1 24
$121.5M
$33.0M
Total Debt
IRWD
IRWD
LCNB
LCNB
Q4 25
$104.4M
Q3 25
$199.5M
$104.7M
Q2 25
$199.3M
$105.0M
Q1 25
$199.2M
$104.6M
Q4 24
$199.0M
$155.2M
Q3 24
$198.8M
$155.7M
Q2 24
$198.6M
$162.2M
Q1 24
$398.3M
$162.6M
Stockholders' Equity
IRWD
IRWD
LCNB
LCNB
Q4 25
$-261.8M
$273.9M
Q3 25
$-264.2M
$269.9M
Q2 25
$-308.2M
$263.5M
Q1 25
$-334.1M
$258.7M
Q4 24
$-301.3M
$253.0M
Q3 24
$-311.3M
$253.2M
Q2 24
$-321.7M
$245.2M
Q1 24
$-330.5M
$233.7M
Total Assets
IRWD
IRWD
LCNB
LCNB
Q4 25
$396.9M
$2.2B
Q3 25
$396.1M
$2.2B
Q2 25
$342.9M
$2.3B
Q1 25
$327.2M
$2.3B
Q4 24
$350.9M
$2.3B
Q3 24
$389.5M
$2.3B
Q2 24
$395.6M
$2.4B
Q1 24
$438.8M
$2.3B
Debt / Equity
IRWD
IRWD
LCNB
LCNB
Q4 25
0.38×
Q3 25
0.39×
Q2 25
0.40×
Q1 25
0.40×
Q4 24
0.61×
Q3 24
0.61×
Q2 24
0.66×
Q1 24
0.70×

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
LCNB
LCNB
Operating Cash FlowLast quarter
$74.6M
$34.4M
Free Cash FlowOCF − Capex
$74.6M
$33.4M
FCF MarginFCF / Revenue
156.3%
140.2%
Capex IntensityCapex / Revenue
0.0%
4.0%
Cash ConversionOCF / Net Profit
6.08×
TTM Free Cash FlowTrailing 4 quarters
$127.0M
$54.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRWD
IRWD
LCNB
LCNB
Q4 25
$74.6M
$34.4M
Q3 25
$47.6M
$14.0M
Q2 25
$-15.1M
$5.5M
Q1 25
$20.0M
$2.2M
Q4 24
$15.2M
$93.2M
Q3 24
$9.9M
$11.9M
Q2 24
$33.5M
$54.9M
Q1 24
$45.0M
$-11.9M
Free Cash Flow
IRWD
IRWD
LCNB
LCNB
Q4 25
$74.6M
$33.4M
Q3 25
$47.6M
$13.7M
Q2 25
$-15.1M
$5.2M
Q1 25
$19.9M
$2.1M
Q4 24
$89.4M
Q3 24
$9.9M
$10.5M
Q2 24
$33.4M
$53.8M
Q1 24
$44.9M
$-12.8M
FCF Margin
IRWD
IRWD
LCNB
LCNB
Q4 25
156.3%
140.2%
Q3 25
39.0%
57.4%
Q2 25
-17.7%
23.0%
Q1 25
48.4%
10.0%
Q4 24
394.0%
Q3 24
10.8%
49.0%
Q2 24
35.4%
278.6%
Q1 24
60.0%
-71.8%
Capex Intensity
IRWD
IRWD
LCNB
LCNB
Q4 25
0.0%
4.0%
Q3 25
0.0%
1.3%
Q2 25
0.0%
1.0%
Q1 25
0.1%
0.3%
Q4 24
0.0%
16.7%
Q3 24
0.0%
6.7%
Q2 24
0.1%
5.9%
Q1 24
0.1%
4.8%
Cash Conversion
IRWD
IRWD
LCNB
LCNB
Q4 25
6.08×
Q3 25
1.19×
2.02×
Q2 25
-0.64×
0.92×
Q1 25
0.48×
Q4 24
6.74×
15.23×
Q3 24
2.71×
2.63×
Q2 24
59.35×
Q1 24
-6.24×

Financial Flow Comparison

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

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