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Side-by-side financial comparison of IRONWOOD PHARMACEUTICALS INC (IRWD) and Intuitive Machines, Inc. (LUNR). Click either name above to swap in a different company.

IRONWOOD PHARMACEUTICALS INC is the larger business by last-quarter revenue ($47.7M vs $43.3M, roughly 1.1× Intuitive Machines, Inc.). IRONWOOD PHARMACEUTICALS INC runs the higher net margin — -4.8% vs -92.1%, a 87.3% gap on every dollar of revenue. On growth, Intuitive Machines, Inc. posted the faster year-over-year revenue change (-20.8% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $-22.9M). Over the past eight quarters, IRONWOOD PHARMACEUTICALS INC's revenue compounded faster (-20.2% CAGR vs -23.1%).

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

Intuitive Machines, Inc. is an American space exploration company headquartered in Houston, Texas. It was founded in 2013 by Stephen Altemus, Kam Ghaffarian, and Tim Crain, to provide commercial and government exploration of the Moon. Today the company offers lunar surface access for transportation and payload delivery, data transmission services, and infrastructure-as-a-service. Intuitive Machines holds three NASA contracts under the space agency's Commercial Lunar Payload Services (CLPS) in...

IRWD vs LUNR — Head-to-Head

Bigger by revenue
IRWD
IRWD
1.1× larger
IRWD
$47.7M
$43.3M
LUNR
Growing faster (revenue YoY)
LUNR
LUNR
+26.5% gap
LUNR
-20.8%
-47.3%
IRWD
Higher net margin
IRWD
IRWD
87.3% more per $
IRWD
-4.8%
-92.1%
LUNR
More free cash flow
IRWD
IRWD
$97.5M more FCF
IRWD
$74.6M
$-22.9M
LUNR
Faster 2-yr revenue CAGR
IRWD
IRWD
Annualised
IRWD
-20.2%
-23.1%
LUNR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IRWD
IRWD
LUNR
LUNR
Revenue
$47.7M
$43.3M
Net Profit
$-2.3M
$-39.9M
Gross Margin
Operating Margin
14.3%
-76.4%
Net Margin
-4.8%
-92.1%
Revenue YoY
-47.3%
-20.8%
Net Profit YoY
-200.9%
73.3%
EPS (diluted)
$0.01
$-0.34

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
LUNR
LUNR
Q4 25
$47.7M
$43.3M
Q3 25
$122.1M
$51.0M
Q2 25
$85.2M
$50.3M
Q1 25
$41.1M
$62.5M
Q4 24
$90.5M
$54.7M
Q3 24
$91.6M
$58.5M
Q2 24
$94.4M
$41.6M
Q1 24
$74.9M
$73.2M
Net Profit
IRWD
IRWD
LUNR
LUNR
Q4 25
$-2.3M
$-39.9M
Q3 25
$40.1M
$-6.8M
Q2 25
$23.6M
$-25.2M
Q1 25
$-37.4M
$-11.4M
Q4 24
$2.3M
$-149.2M
Q3 24
$3.6M
$-55.4M
Q2 24
$-860.0K
$18.7M
Q1 24
$-4.2M
$-97.5M
Operating Margin
IRWD
IRWD
LUNR
LUNR
Q4 25
14.3%
-76.4%
Q3 25
61.8%
-30.2%
Q2 25
53.2%
-56.9%
Q1 25
-70.7%
-16.1%
Q4 24
34.8%
-24.5%
Q3 24
28.0%
-23.5%
Q2 24
26.5%
-66.0%
Q1 24
14.7%
-3.8%
Net Margin
IRWD
IRWD
LUNR
LUNR
Q4 25
-4.8%
-92.1%
Q3 25
32.8%
-13.4%
Q2 25
27.7%
-50.0%
Q1 25
-90.9%
-18.2%
Q4 24
2.5%
-272.9%
Q3 24
4.0%
-94.7%
Q2 24
-0.9%
44.8%
Q1 24
-5.6%
-133.1%
EPS (diluted)
IRWD
IRWD
LUNR
LUNR
Q4 25
$0.01
$-0.34
Q3 25
$0.23
$-0.06
Q2 25
$0.14
$-0.22
Q1 25
$-0.23
$-0.11
Q4 24
$0.03
$-1.42
Q3 24
$0.02
$-0.83
Q2 24
$-0.01
$0.30
Q1 24
$-0.03
$-2.68

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
LUNR
LUNR
Cash + ST InvestmentsLiquidity on hand
$215.5M
$582.6M
Total DebtLower is stronger
$335.3M
Stockholders' EquityBook value
$-261.8M
$-755.0M
Total Assets
$396.9M
$757.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
LUNR
LUNR
Q4 25
$215.5M
$582.6M
Q3 25
$140.4M
$622.0M
Q2 25
$92.9M
$344.9M
Q1 25
$108.5M
$373.3M
Q4 24
$88.6M
$207.6M
Q3 24
$88.2M
$89.6M
Q2 24
$105.5M
$31.6M
Q1 24
$121.5M
$55.2M
Total Debt
IRWD
IRWD
LUNR
LUNR
Q4 25
$335.3M
Q3 25
$199.5M
$334.8M
Q2 25
$199.3M
Q1 25
$199.2M
Q4 24
$199.0M
$0
Q3 24
$198.8M
Q2 24
$198.6M
Q1 24
$398.3M
Stockholders' Equity
IRWD
IRWD
LUNR
LUNR
Q4 25
$-261.8M
$-755.0M
Q3 25
$-264.2M
$-404.2M
Q2 25
$-308.2M
$-381.2M
Q1 25
$-334.1M
$-136.9M
Q4 24
$-301.3M
$-1.0B
Q3 24
$-311.3M
$-496.8M
Q2 24
$-321.7M
$-235.0M
Q1 24
$-330.5M
$-493.6M
Total Assets
IRWD
IRWD
LUNR
LUNR
Q4 25
$396.9M
$757.2M
Q3 25
$396.1M
$753.5M
Q2 25
$342.9M
$475.6M
Q1 25
$327.2M
$500.0M
Q4 24
$350.9M
$355.4M
Q3 24
$389.5M
$224.8M
Q2 24
$395.6M
$140.1M
Q1 24
$438.8M
$170.8M

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
LUNR
LUNR
Operating Cash FlowLast quarter
$74.6M
$-7.3M
Free Cash FlowOCF − Capex
$74.6M
$-22.9M
FCF MarginFCF / Revenue
156.3%
-53.0%
Capex IntensityCapex / Revenue
0.0%
36.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$127.0M
$-56.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRWD
IRWD
LUNR
LUNR
Q4 25
$74.6M
$-7.3M
Q3 25
$47.6M
$-7.2M
Q2 25
$-15.1M
$-19.3M
Q1 25
$20.0M
$19.4M
Q4 24
$15.2M
$-2.0M
Q3 24
$9.9M
$-17.9M
Q2 24
$33.5M
$-31.3M
Q1 24
$45.0M
$-6.4M
Free Cash Flow
IRWD
IRWD
LUNR
LUNR
Q4 25
$74.6M
$-22.9M
Q3 25
$47.6M
$-19.0M
Q2 25
$-15.1M
$-27.3M
Q1 25
$19.9M
$13.3M
Q4 24
$-6.9M
Q3 24
$9.9M
$-19.3M
Q2 24
$33.4M
$-33.5M
Q1 24
$44.9M
$-8.0M
FCF Margin
IRWD
IRWD
LUNR
LUNR
Q4 25
156.3%
-53.0%
Q3 25
39.0%
-37.2%
Q2 25
-17.7%
-54.3%
Q1 25
48.4%
21.3%
Q4 24
-12.6%
Q3 24
10.8%
-33.0%
Q2 24
35.4%
-80.4%
Q1 24
60.0%
-11.0%
Capex Intensity
IRWD
IRWD
LUNR
LUNR
Q4 25
0.0%
36.1%
Q3 25
0.0%
23.2%
Q2 25
0.0%
16.0%
Q1 25
0.1%
9.8%
Q4 24
0.0%
9.0%
Q3 24
0.0%
2.4%
Q2 24
0.1%
5.3%
Q1 24
0.1%
2.2%
Cash Conversion
IRWD
IRWD
LUNR
LUNR
Q4 25
Q3 25
1.19×
Q2 25
-0.64×
Q1 25
Q4 24
6.74×
Q3 24
2.71×
Q2 24
-1.67×
Q1 24

Financial Flow Comparison

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

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