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

MEDIFAST INC is the larger business by last-quarter revenue ($75.1M vs $47.7M, roughly 1.6× IRONWOOD PHARMACEUTICALS INC). On growth, MEDIFAST INC posted the faster year-over-year revenue change (-36.9% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $-6.6M). Over the past eight quarters, IRONWOOD PHARMACEUTICALS INC's revenue compounded faster (-20.2% CAGR vs -34.4%).

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

Medifast, Inc. is an American nutrition and weight loss company based in Baltimore, Maryland. Medifast produces, distributes, and sells weight loss and health-related products through websites, multi-level marketing, telemarketing, and franchised weight loss clinics.

IRWD vs MED — Head-to-Head

Bigger by revenue
MED
MED
1.6× larger
MED
$75.1M
$47.7M
IRWD
Growing faster (revenue YoY)
MED
MED
+10.4% gap
MED
-36.9%
-47.3%
IRWD
More free cash flow
IRWD
IRWD
$81.2M more FCF
IRWD
$74.6M
$-6.6M
MED
Faster 2-yr revenue CAGR
IRWD
IRWD
Annualised
IRWD
-20.2%
-34.4%
MED

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IRWD
IRWD
MED
MED
Revenue
$47.7M
$75.1M
Net Profit
$-2.3M
Gross Margin
69.4%
Operating Margin
14.3%
-10.4%
Net Margin
-4.8%
Revenue YoY
-47.3%
-36.9%
Net Profit YoY
-200.9%
EPS (diluted)
$0.01
$-1.64

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
MED
MED
Q4 25
$47.7M
$75.1M
Q3 25
$122.1M
$89.4M
Q2 25
$85.2M
$105.6M
Q1 25
$41.1M
$115.7M
Q4 24
$90.5M
$119.0M
Q3 24
$91.6M
$140.2M
Q2 24
$94.4M
$168.6M
Q1 24
$74.9M
$174.7M
Net Profit
IRWD
IRWD
MED
MED
Q4 25
$-2.3M
Q3 25
$40.1M
$-2.3M
Q2 25
$23.6M
$2.5M
Q1 25
$-37.4M
$-772.0K
Q4 24
$2.3M
Q3 24
$3.6M
$1.1M
Q2 24
$-860.0K
$-8.2M
Q1 24
$-4.2M
$8.3M
Gross Margin
IRWD
IRWD
MED
MED
Q4 25
69.4%
Q3 25
69.5%
Q2 25
72.6%
Q1 25
72.8%
Q4 24
74.1%
Q3 24
75.4%
Q2 24
73.2%
Q1 24
72.8%
Operating Margin
IRWD
IRWD
MED
MED
Q4 25
14.3%
-10.4%
Q3 25
61.8%
-4.6%
Q2 25
53.2%
-1.0%
Q1 25
-70.7%
-1.1%
Q4 24
34.8%
0.6%
Q3 24
28.0%
1.5%
Q2 24
26.5%
-4.7%
Q1 24
14.7%
4.5%
Net Margin
IRWD
IRWD
MED
MED
Q4 25
-4.8%
Q3 25
32.8%
-2.5%
Q2 25
27.7%
2.3%
Q1 25
-90.9%
-0.7%
Q4 24
2.5%
Q3 24
4.0%
0.8%
Q2 24
-0.9%
-4.8%
Q1 24
-5.6%
4.8%
EPS (diluted)
IRWD
IRWD
MED
MED
Q4 25
$0.01
$-1.64
Q3 25
$0.23
$-0.21
Q2 25
$0.14
$0.22
Q1 25
$-0.23
$-0.07
Q4 24
$0.03
$0.08
Q3 24
$0.02
$0.10
Q2 24
$-0.01
$-0.75
Q1 24
$-0.03
$0.76

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
MED
MED
Cash + ST InvestmentsLiquidity on hand
$215.5M
$167.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-261.8M
$198.9M
Total Assets
$396.9M
$248.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
MED
MED
Q4 25
$215.5M
$167.3M
Q3 25
$140.4M
$173.5M
Q2 25
$92.9M
$162.7M
Q1 25
$108.5M
$164.6M
Q4 24
$88.6M
$162.3M
Q3 24
$88.2M
$170.0M
Q2 24
$105.5M
$163.5M
Q1 24
$121.5M
$156.4M
Total Debt
IRWD
IRWD
MED
MED
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
MED
MED
Q4 25
$-261.8M
$198.9M
Q3 25
$-264.2M
$214.7M
Q2 25
$-308.2M
$216.0M
Q1 25
$-334.1M
$211.0M
Q4 24
$-301.3M
$210.1M
Q3 24
$-311.3M
$207.3M
Q2 24
$-321.7M
$205.3M
Q1 24
$-330.5M
$211.0M
Total Assets
IRWD
IRWD
MED
MED
Q4 25
$396.9M
$248.0M
Q3 25
$396.1M
$268.2M
Q2 25
$342.9M
$269.3M
Q1 25
$327.2M
$280.0M
Q4 24
$350.9M
$284.2M
Q3 24
$389.5M
$291.2M
Q2 24
$395.6M
$293.5M
Q1 24
$438.8M
$302.8M

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
MED
MED
Operating Cash FlowLast quarter
$74.6M
$-5.3M
Free Cash FlowOCF − Capex
$74.6M
$-6.6M
FCF MarginFCF / Revenue
156.3%
-8.8%
Capex IntensityCapex / Revenue
0.0%
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$127.0M
$1.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRWD
IRWD
MED
MED
Q4 25
$74.6M
$-5.3M
Q3 25
$47.6M
$12.1M
Q2 25
$-15.1M
$-3.4M
Q1 25
$20.0M
$3.4M
Q4 24
$15.2M
$-4.9M
Q3 24
$9.9M
$9.1M
Q2 24
$33.5M
$13.1M
Q1 24
$45.0M
$7.3M
Free Cash Flow
IRWD
IRWD
MED
MED
Q4 25
$74.6M
$-6.6M
Q3 25
$47.6M
$10.8M
Q2 25
$-15.1M
$-4.8M
Q1 25
$19.9M
$1.9M
Q4 24
$-7.2M
Q3 24
$9.9M
$7.7M
Q2 24
$33.4M
$11.1M
Q1 24
$44.9M
$5.4M
FCF Margin
IRWD
IRWD
MED
MED
Q4 25
156.3%
-8.8%
Q3 25
39.0%
12.0%
Q2 25
-17.7%
-4.5%
Q1 25
48.4%
1.6%
Q4 24
-6.1%
Q3 24
10.8%
5.5%
Q2 24
35.4%
6.6%
Q1 24
60.0%
3.1%
Capex Intensity
IRWD
IRWD
MED
MED
Q4 25
0.0%
1.8%
Q3 25
0.0%
1.5%
Q2 25
0.0%
1.3%
Q1 25
0.1%
1.3%
Q4 24
0.0%
1.9%
Q3 24
0.0%
1.0%
Q2 24
0.1%
1.1%
Q1 24
0.1%
1.1%
Cash Conversion
IRWD
IRWD
MED
MED
Q4 25
Q3 25
1.19×
Q2 25
-0.64×
-1.36×
Q1 25
Q4 24
6.74×
Q3 24
2.71×
8.04×
Q2 24
Q1 24
0.88×

Financial Flow Comparison

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

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