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Side-by-side financial comparison of IRONWOOD PHARMACEUTICALS INC (IRWD) and MARINE PRODUCTS CORP (MPX). Click either name above to swap in a different company.
MARINE PRODUCTS CORP is the larger business by last-quarter revenue ($64.6M vs $47.7M, roughly 1.4× IRONWOOD PHARMACEUTICALS INC). MARINE PRODUCTS CORP runs the higher net margin — 3.7% vs -4.8%, a 8.4% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $4.1M). Over the past eight quarters, MARINE PRODUCTS CORP's revenue compounded faster (-3.5% CAGR vs -20.2%).
Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.
West Marine is an American company based in Fort Lauderdale, Florida, which operates a chain of boating supply and fishing retail stores. The company has 247 retail stores in North America. West Marine also runs Blue Future a non profit organization. West Marine's flagship store is in Fort Lauderdale. Opened on November 11, 2011, the store is the company's largest at over 50,000 square feet.
IRWD vs MPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $47.7M | $64.6M |
| Net Profit | $-2.3M | $2.4M |
| Gross Margin | — | 19.6% |
| Operating Margin | 14.3% | 5.8% |
| Net Margin | -4.8% | 3.7% |
| Revenue YoY | -47.3% | 35.0% |
| Net Profit YoY | -200.9% | -44.6% |
| EPS (diluted) | $0.01 | $0.07 |
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.
| Q4 25 | $47.7M | $64.6M | ||
| Q3 25 | $122.1M | $53.1M | ||
| Q2 25 | $85.2M | $67.7M | ||
| Q1 25 | $41.1M | $59.0M | ||
| Q4 24 | $90.5M | $47.8M | ||
| Q3 24 | $91.6M | $49.9M | ||
| Q2 24 | $94.4M | $69.5M | ||
| Q1 24 | $74.9M | $69.3M |
| Q4 25 | $-2.3M | $2.4M | ||
| Q3 25 | $40.1M | $2.6M | ||
| Q2 25 | $23.6M | $4.2M | ||
| Q1 25 | $-37.4M | $2.2M | ||
| Q4 24 | $2.3M | $4.3M | ||
| Q3 24 | $3.6M | $3.4M | ||
| Q2 24 | $-860.0K | $5.6M | ||
| Q1 24 | $-4.2M | $4.6M |
| Q4 25 | — | 19.6% | ||
| Q3 25 | — | 19.2% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | — | 18.9% | ||
| Q1 24 | — | 20.2% |
| Q4 25 | 14.3% | 5.8% | ||
| Q3 25 | 61.8% | 5.4% | ||
| Q2 25 | 53.2% | 7.1% | ||
| Q1 25 | -70.7% | 4.4% | ||
| Q4 24 | 34.8% | 7.7% | ||
| Q3 24 | 28.0% | 7.2% | ||
| Q2 24 | 26.5% | 8.3% | ||
| Q1 24 | 14.7% | 7.6% |
| Q4 25 | -4.8% | 3.7% | ||
| Q3 25 | 32.8% | 5.0% | ||
| Q2 25 | 27.7% | 6.1% | ||
| Q1 25 | -90.9% | 3.7% | ||
| Q4 24 | 2.5% | 8.9% | ||
| Q3 24 | 4.0% | 6.8% | ||
| Q2 24 | -0.9% | 8.0% | ||
| Q1 24 | -5.6% | 6.6% |
| Q4 25 | $0.01 | $0.07 | ||
| Q3 25 | $0.23 | $0.07 | ||
| Q2 25 | $0.14 | $0.12 | ||
| Q1 25 | $-0.23 | $0.06 | ||
| Q4 24 | $0.03 | $0.13 | ||
| Q3 24 | $0.02 | $0.10 | ||
| Q2 24 | $-0.01 | $0.14 | ||
| Q1 24 | $-0.03 | $0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $215.5M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-261.8M | $125.0M |
| Total Assets | $396.9M | $147.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $215.5M | — | ||
| Q3 25 | $140.4M | — | ||
| Q2 25 | $92.9M | — | ||
| Q1 25 | $108.5M | — | ||
| Q4 24 | $88.6M | — | ||
| Q3 24 | $88.2M | — | ||
| Q2 24 | $105.5M | — | ||
| Q1 24 | $121.5M | — |
| 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 | — |
| Q4 25 | $-261.8M | $125.0M | ||
| Q3 25 | $-264.2M | $126.3M | ||
| Q2 25 | $-308.2M | $127.2M | ||
| Q1 25 | $-334.1M | $126.4M | ||
| Q4 24 | $-301.3M | $129.0M | ||
| Q3 24 | $-311.3M | $128.8M | ||
| Q2 24 | $-321.7M | $129.3M | ||
| Q1 24 | $-330.5M | $151.4M |
| Q4 25 | $396.9M | $147.2M | ||
| Q3 25 | $396.1M | $179.5M | ||
| Q2 25 | $342.9M | $173.2M | ||
| Q1 25 | $327.2M | $182.9M | ||
| Q4 24 | $350.9M | $171.2M | ||
| Q3 24 | $389.5M | $176.3M | ||
| Q2 24 | $395.6M | $175.7M | ||
| Q1 24 | $438.8M | $204.0M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $74.6M | $4.7M |
| Free Cash FlowOCF − Capex | $74.6M | $4.1M |
| FCF MarginFCF / Revenue | 156.3% | 6.4% |
| Capex IntensityCapex / Revenue | 0.0% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | $127.0M | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $74.6M | $4.7M | ||
| Q3 25 | $47.6M | $2.6M | ||
| Q2 25 | $-15.1M | $-1.6M | ||
| Q1 25 | $20.0M | $10.8M | ||
| Q4 24 | $15.2M | $4.6M | ||
| Q3 24 | $9.9M | $5.1M | ||
| Q2 24 | $33.5M | $3.8M | ||
| Q1 24 | $45.0M | $15.9M |
| Q4 25 | $74.6M | $4.1M | ||
| Q3 25 | $47.6M | $2.1M | ||
| Q2 25 | $-15.1M | $-2.0M | ||
| Q1 25 | $19.9M | $10.7M | ||
| Q4 24 | — | $3.6M | ||
| Q3 24 | $9.9M | $3.2M | ||
| Q2 24 | $33.4M | $3.0M | ||
| Q1 24 | $44.9M | $15.0M |
| Q4 25 | 156.3% | 6.4% | ||
| Q3 25 | 39.0% | 4.0% | ||
| Q2 25 | -17.7% | -3.0% | ||
| Q1 25 | 48.4% | 18.1% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | 10.8% | 6.5% | ||
| Q2 24 | 35.4% | 4.4% | ||
| Q1 24 | 60.0% | 21.7% |
| Q4 25 | 0.0% | 0.9% | ||
| Q3 25 | 0.0% | 0.8% | ||
| Q2 25 | 0.0% | 0.6% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.0% | 2.1% | ||
| Q3 24 | 0.0% | 3.8% | ||
| Q2 24 | 0.1% | 1.1% | ||
| Q1 24 | 0.1% | 1.3% |
| Q4 25 | — | 2.00× | ||
| Q3 25 | 1.19× | 0.97× | ||
| Q2 25 | -0.64× | -0.39× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | 6.74× | 1.09× | ||
| Q3 24 | 2.71× | 1.51× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | — | 3.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IRWD
Segment breakdown not available.
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
