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

IRONWOOD PHARMACEUTICALS INC is the larger business by last-quarter revenue ($47.7M vs $25.5M, roughly 1.9× Legacy Housing Corp). Legacy Housing Corp runs the higher net margin — 32.2% vs -4.8%, a 36.9% gap on every dollar of revenue. On growth, Legacy Housing Corp posted the faster year-over-year revenue change (-30.6% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $15.7M). Over the past eight quarters, Legacy Housing Corp's revenue compounded faster (-9.1% CAGR vs -20.2%).

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

Legacy Housing Corp is a prominent U.S.-based manufacturer of affordable manufactured homes, tiny homes, and accessory dwelling units. It mainly caters to low- and middle-income consumers across North America, providing customizable residential solutions, supporting construction materials, and after-sales services for individual and community development clients.

IRWD vs LEGH — Head-to-Head

Bigger by revenue
IRWD
IRWD
1.9× larger
IRWD
$47.7M
$25.5M
LEGH
Growing faster (revenue YoY)
LEGH
LEGH
+16.7% gap
LEGH
-30.6%
-47.3%
IRWD
Higher net margin
LEGH
LEGH
36.9% more per $
LEGH
32.2%
-4.8%
IRWD
More free cash flow
IRWD
IRWD
$58.9M more FCF
IRWD
$74.6M
$15.7M
LEGH
Faster 2-yr revenue CAGR
LEGH
LEGH
Annualised
LEGH
-9.1%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IRWD
IRWD
LEGH
LEGH
Revenue
$47.7M
$25.5M
Net Profit
$-2.3M
$8.2M
Gross Margin
26.4%
Operating Margin
14.3%
40.4%
Net Margin
-4.8%
32.2%
Revenue YoY
-47.3%
-30.6%
Net Profit YoY
-200.9%
-43.5%
EPS (diluted)
$0.01
$0.38

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
LEGH
LEGH
Q4 25
$47.7M
$25.5M
Q3 25
$122.1M
$28.8M
Q2 25
$85.2M
$38.4M
Q1 25
$41.1M
$24.3M
Q4 24
$90.5M
$36.7M
Q3 24
$91.6M
$30.2M
Q2 24
$94.4M
$31.7M
Q1 24
$74.9M
$30.8M
Net Profit
IRWD
IRWD
LEGH
LEGH
Q4 25
$-2.3M
$8.2M
Q3 25
$40.1M
$8.6M
Q2 25
$23.6M
$14.7M
Q1 25
$-37.4M
$10.3M
Q4 24
$2.3M
$14.5M
Q3 24
$3.6M
$15.8M
Q2 24
$-860.0K
$16.2M
Q1 24
$-4.2M
$15.1M
Gross Margin
IRWD
IRWD
LEGH
LEGH
Q4 25
26.4%
Q3 25
20.2%
Q2 25
32.4%
Q1 25
29.2%
Q4 24
27.3%
Q3 24
29.2%
Q2 24
31.9%
Q1 24
33.6%
Operating Margin
IRWD
IRWD
LEGH
LEGH
Q4 25
14.3%
40.4%
Q3 25
61.8%
33.7%
Q2 25
53.2%
43.8%
Q1 25
-70.7%
47.7%
Q4 24
34.8%
42.3%
Q3 24
28.0%
50.8%
Q2 24
26.5%
50.6%
Q1 24
14.7%
54.3%
Net Margin
IRWD
IRWD
LEGH
LEGH
Q4 25
-4.8%
32.2%
Q3 25
32.8%
30.0%
Q2 25
27.7%
38.3%
Q1 25
-90.9%
42.3%
Q4 24
2.5%
39.5%
Q3 24
4.0%
52.4%
Q2 24
-0.9%
51.1%
Q1 24
-5.6%
49.1%
EPS (diluted)
IRWD
IRWD
LEGH
LEGH
Q4 25
$0.01
$0.38
Q3 25
$0.23
$0.35
Q2 25
$0.14
$0.60
Q1 25
$-0.23
$0.41
Q4 24
$0.03
$0.59
Q3 24
$0.02
$0.64
Q2 24
$-0.01
$0.65
Q1 24
$-0.03
$0.60

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
LEGH
LEGH
Cash + ST InvestmentsLiquidity on hand
$215.5M
$8.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$-261.8M
$528.6M
Total Assets
$396.9M
$580.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
LEGH
LEGH
Q4 25
$215.5M
$8.5M
Q3 25
$140.4M
$13.6M
Q2 25
$92.9M
$2.6M
Q1 25
$108.5M
$3.4M
Q4 24
$88.6M
$1.1M
Q3 24
$88.2M
$570.0K
Q2 24
$105.5M
$60.0K
Q1 24
$121.5M
$621.0K
Total Debt
IRWD
IRWD
LEGH
LEGH
Q4 25
Q3 25
$199.5M
Q2 25
$199.3M
Q1 25
$199.2M
Q4 24
$199.0M
Q3 24
$198.8M
Q2 24
$198.6M
Q1 24
$398.3M
Stockholders' Equity
IRWD
IRWD
LEGH
LEGH
Q4 25
$-261.8M
$528.6M
Q3 25
$-264.2M
$521.6M
Q2 25
$-308.2M
$512.8M
Q1 25
$-334.1M
$503.7M
Q4 24
$-301.3M
$494.0M
Q3 24
$-311.3M
$479.3M
Q2 24
$-321.7M
$463.2M
Q1 24
$-330.5M
$450.4M
Total Assets
IRWD
IRWD
LEGH
LEGH
Q4 25
$396.9M
$580.3M
Q3 25
$396.1M
$557.9M
Q2 25
$342.9M
$552.0M
Q1 25
$327.2M
$544.6M
Q4 24
$350.9M
$534.2M
Q3 24
$389.5M
$521.4M
Q2 24
$395.6M
$514.9M
Q1 24
$438.8M
$510.0M

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
LEGH
LEGH
Operating Cash FlowLast quarter
$74.6M
$19.0M
Free Cash FlowOCF − Capex
$74.6M
$15.7M
FCF MarginFCF / Revenue
156.3%
61.6%
Capex IntensityCapex / Revenue
0.0%
13.1%
Cash ConversionOCF / Net Profit
2.32×
TTM Free Cash FlowTrailing 4 quarters
$127.0M
$28.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRWD
IRWD
LEGH
LEGH
Q4 25
$74.6M
$19.0M
Q3 25
$47.6M
$7.2M
Q2 25
$-15.1M
$6.1M
Q1 25
$20.0M
$4.9M
Q4 24
$15.2M
$7.9M
Q3 24
$9.9M
$13.8M
Q2 24
$33.5M
$3.5M
Q1 24
$45.0M
$10.8M
Free Cash Flow
IRWD
IRWD
LEGH
LEGH
Q4 25
$74.6M
$15.7M
Q3 25
$47.6M
$5.1M
Q2 25
$-15.1M
$3.7M
Q1 25
$19.9M
$3.6M
Q4 24
$6.0M
Q3 24
$9.9M
$9.1M
Q2 24
$33.4M
$1.7M
Q1 24
$44.9M
$9.9M
FCF Margin
IRWD
IRWD
LEGH
LEGH
Q4 25
156.3%
61.6%
Q3 25
39.0%
17.8%
Q2 25
-17.7%
9.6%
Q1 25
48.4%
15.0%
Q4 24
16.4%
Q3 24
10.8%
30.2%
Q2 24
35.4%
5.4%
Q1 24
60.0%
32.2%
Capex Intensity
IRWD
IRWD
LEGH
LEGH
Q4 25
0.0%
13.1%
Q3 25
0.0%
7.1%
Q2 25
0.0%
6.2%
Q1 25
0.1%
5.2%
Q4 24
0.0%
5.1%
Q3 24
0.0%
15.6%
Q2 24
0.1%
5.5%
Q1 24
0.1%
2.8%
Cash Conversion
IRWD
IRWD
LEGH
LEGH
Q4 25
2.32×
Q3 25
1.19×
0.83×
Q2 25
-0.64×
0.41×
Q1 25
0.48×
Q4 24
6.74×
0.54×
Q3 24
2.71×
0.88×
Q2 24
0.21×
Q1 24
0.71×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IRWD
IRWD

Segment breakdown not available.

LEGH
LEGH

Commercial Sales$8.6M34%
Retail Store Sales$6.0M24%
Inventory Finance Sales$5.0M20%
Direct Sales$4.4M17%
Other$1.5M6%

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