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

IRONWOOD PHARMACEUTICALS INC is the larger business by last-quarter revenue ($47.7M vs $43.4M, roughly 1.1× Montauk Renewables, Inc.). Montauk Renewables, Inc. runs the higher net margin — 5.7% vs -4.8%, a 10.5% gap on every dollar of revenue. On growth, Montauk Renewables, Inc. posted the faster year-over-year revenue change (56.7% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $-41.1M). Over the past eight quarters, Montauk Renewables, Inc.'s revenue compounded faster (5.8% CAGR vs -20.2%).

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

Montauk Renewables, Inc. is a US-based renewable energy firm specializing in capturing and converting biogenic methane from landfills and agricultural waste into renewable natural gas (RNG) and low-carbon electricity. It serves utility, commercial, and industrial customers across North America, with operations focused on advancing decarbonization and sustainable energy transition goals.

IRWD vs MNTK — Head-to-Head

Bigger by revenue
IRWD
IRWD
1.1× larger
IRWD
$47.7M
$43.4M
MNTK
Growing faster (revenue YoY)
MNTK
MNTK
+104.0% gap
MNTK
56.7%
-47.3%
IRWD
Higher net margin
MNTK
MNTK
10.5% more per $
MNTK
5.7%
-4.8%
IRWD
More free cash flow
IRWD
IRWD
$115.7M more FCF
IRWD
$74.6M
$-41.1M
MNTK
Faster 2-yr revenue CAGR
MNTK
MNTK
Annualised
MNTK
5.8%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IRWD
IRWD
MNTK
MNTK
Revenue
$47.7M
$43.4M
Net Profit
$-2.3M
$2.5M
Gross Margin
Operating Margin
14.3%
-3.8%
Net Margin
-4.8%
5.7%
Revenue YoY
-47.3%
56.7%
Net Profit YoY
-200.9%
129.5%
EPS (diluted)
$0.01
$0.01

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
MNTK
MNTK
Q4 25
$47.7M
$43.4M
Q3 25
$122.1M
$45.3M
Q2 25
$85.2M
$45.1M
Q1 25
$41.1M
$42.6M
Q4 24
$90.5M
$27.7M
Q3 24
$91.6M
$65.9M
Q2 24
$94.4M
$43.3M
Q1 24
$74.9M
$38.8M
Net Profit
IRWD
IRWD
MNTK
MNTK
Q4 25
$-2.3M
$2.5M
Q3 25
$40.1M
$5.2M
Q2 25
$23.6M
$-5.5M
Q1 25
$-37.4M
$-464.0K
Q4 24
$2.3M
$-8.5M
Q3 24
$3.6M
$17.0M
Q2 24
$-860.0K
$-712.0K
Q1 24
$-4.2M
$1.9M
Gross Margin
IRWD
IRWD
MNTK
MNTK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
43.8%
Q2 24
15.6%
Q1 24
22.8%
Operating Margin
IRWD
IRWD
MNTK
MNTK
Q4 25
14.3%
-3.8%
Q3 25
61.8%
9.8%
Q2 25
53.2%
-5.2%
Q1 25
-70.7%
1.0%
Q4 24
34.8%
-35.5%
Q3 24
28.0%
34.4%
Q2 24
26.5%
2.0%
Q1 24
14.7%
6.1%
Net Margin
IRWD
IRWD
MNTK
MNTK
Q4 25
-4.8%
5.7%
Q3 25
32.8%
11.5%
Q2 25
27.7%
-12.2%
Q1 25
-90.9%
-1.1%
Q4 24
2.5%
-30.5%
Q3 24
4.0%
25.9%
Q2 24
-0.9%
-1.6%
Q1 24
-5.6%
4.8%
EPS (diluted)
IRWD
IRWD
MNTK
MNTK
Q4 25
$0.01
$0.01
Q3 25
$0.23
$0.04
Q2 25
$0.14
$-0.04
Q1 25
$-0.23
$0.00
Q4 24
$0.03
$-0.05
Q3 24
$0.02
$0.12
Q2 24
$-0.01
$-0.01
Q1 24
$-0.03
$0.01

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
MNTK
MNTK
Cash + ST InvestmentsLiquidity on hand
$215.5M
$23.8M
Total DebtLower is stronger
$126.0M
Stockholders' EquityBook value
$-261.8M
$263.1M
Total Assets
$396.9M
$435.5M
Debt / EquityLower = less leverage
0.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
MNTK
MNTK
Q4 25
$215.5M
$23.8M
Q3 25
$140.4M
$6.8M
Q2 25
$92.9M
$29.1M
Q1 25
$108.5M
$40.1M
Q4 24
$88.6M
$45.6M
Q3 24
$88.2M
$55.0M
Q2 24
$105.5M
$42.3M
Q1 24
$121.5M
$63.3M
Total Debt
IRWD
IRWD
MNTK
MNTK
Q4 25
$126.0M
Q3 25
$199.5M
$54.9M
Q2 25
$199.3M
$57.8M
Q1 25
$199.2M
$40.8M
Q4 24
$199.0M
$43.8M
Q3 24
$198.8M
$46.7M
Q2 24
$198.6M
$49.7M
Q1 24
$398.3M
$52.7M
Stockholders' Equity
IRWD
IRWD
MNTK
MNTK
Q4 25
$-261.8M
$263.1M
Q3 25
$-264.2M
$260.7M
Q2 25
$-308.2M
$254.7M
Q1 25
$-334.1M
$258.2M
Q4 24
$-301.3M
$257.4M
Q3 24
$-311.3M
$275.3M
Q2 24
$-321.7M
$255.3M
Q1 24
$-330.5M
$254.3M
Total Assets
IRWD
IRWD
MNTK
MNTK
Q4 25
$396.9M
$435.5M
Q3 25
$396.1M
$383.3M
Q2 25
$342.9M
$382.5M
Q1 25
$327.2M
$354.2M
Q4 24
$350.9M
$349.0M
Q3 24
$389.5M
$374.1M
Q2 24
$395.6M
$362.0M
Q1 24
$438.8M
$354.7M
Debt / Equity
IRWD
IRWD
MNTK
MNTK
Q4 25
0.48×
Q3 25
0.21×
Q2 25
0.23×
Q1 25
0.16×
Q4 24
0.17×
Q3 24
0.17×
Q2 24
0.19×
Q1 24
0.21×

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
MNTK
MNTK
Operating Cash FlowLast quarter
$74.6M
$337.0K
Free Cash FlowOCF − Capex
$74.6M
$-41.1M
FCF MarginFCF / Revenue
156.3%
-94.7%
Capex IntensityCapex / Revenue
0.0%
95.5%
Cash ConversionOCF / Net Profit
0.14×
TTM Free Cash FlowTrailing 4 quarters
$127.0M
$-86.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRWD
IRWD
MNTK
MNTK
Q4 25
$74.6M
$337.0K
Q3 25
$47.6M
$12.7M
Q2 25
$-15.1M
$8.2M
Q1 25
$20.0M
$9.1M
Q4 24
$15.2M
$724.0K
Q3 24
$9.9M
$28.6M
Q2 24
$33.5M
$193.0K
Q1 24
$45.0M
$14.3M
Free Cash Flow
IRWD
IRWD
MNTK
MNTK
Q4 25
$74.6M
$-41.1M
Q3 25
$47.6M
$-17.2M
Q2 25
$-15.1M
$-25.5M
Q1 25
$19.9M
$-2.5M
Q4 24
$-8.3M
Q3 24
$9.9M
$16.0M
Q2 24
$33.4M
$-18.6M
Q1 24
$44.9M
$-7.7M
FCF Margin
IRWD
IRWD
MNTK
MNTK
Q4 25
156.3%
-94.7%
Q3 25
39.0%
-37.9%
Q2 25
-17.7%
-56.4%
Q1 25
48.4%
-5.8%
Q4 24
-29.8%
Q3 24
10.8%
24.3%
Q2 24
35.4%
-42.9%
Q1 24
60.0%
-19.8%
Capex Intensity
IRWD
IRWD
MNTK
MNTK
Q4 25
0.0%
95.5%
Q3 25
0.0%
65.9%
Q2 25
0.0%
74.6%
Q1 25
0.1%
27.3%
Q4 24
0.0%
32.5%
Q3 24
0.0%
19.1%
Q2 24
0.1%
43.3%
Q1 24
0.1%
56.7%
Cash Conversion
IRWD
IRWD
MNTK
MNTK
Q4 25
0.14×
Q3 25
1.19×
2.43×
Q2 25
-0.64×
Q1 25
Q4 24
6.74×
Q3 24
2.71×
1.68×
Q2 24
Q1 24
7.73×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IRWD
IRWD

Segment breakdown not available.

MNTK
MNTK

Natural Gas Environmental Attributes$28.1M65%
Natural Gas Commodity$10.7M25%
Electric Commodity$2.7M6%
Electric Environmental Attributes$2.0M5%

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