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

IRONWOOD PHARMACEUTICALS INC is the larger business by last-quarter revenue ($47.7M vs $29.2M, roughly 1.6× MANNATECH INC). MANNATECH INC runs the higher net margin — 6.6% vs -4.8%, a 11.4% gap on every dollar of revenue. On growth, MANNATECH INC posted the faster year-over-year revenue change (-8.1% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $-2.0M). Over the past eight quarters, MANNATECH INC's revenue compounded faster (-5.4% CAGR vs -20.2%).

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

Mannatech Inc. is a publicly traded, multinational multi-level marketing firm that sells dietary supplements and personal care products. It was founded in November 1993 by Samuel Caster, and is headquartered in Flower Mound, Texas. The company's stock is traded on the NASDAQ exchange under the symbol MTEX. As of 2017, Mannatech employed 252 people and sold its products through some 220,000 independent sales associates.

IRWD vs MTEX — Head-to-Head

Bigger by revenue
IRWD
IRWD
1.6× larger
IRWD
$47.7M
$29.2M
MTEX
Growing faster (revenue YoY)
MTEX
MTEX
+39.2% gap
MTEX
-8.1%
-47.3%
IRWD
Higher net margin
MTEX
MTEX
11.4% more per $
MTEX
6.6%
-4.8%
IRWD
More free cash flow
IRWD
IRWD
$76.6M more FCF
IRWD
$74.6M
$-2.0M
MTEX
Faster 2-yr revenue CAGR
MTEX
MTEX
Annualised
MTEX
-5.4%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
IRWD
IRWD
MTEX
MTEX
Revenue
$47.7M
$29.2M
Net Profit
$-2.3M
$1.9M
Gross Margin
76.4%
Operating Margin
14.3%
6.9%
Net Margin
-4.8%
6.6%
Revenue YoY
-47.3%
-8.1%
Net Profit YoY
-200.9%
686.6%
EPS (diluted)
$0.01
$1.01

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
MTEX
MTEX
Q4 25
$47.7M
Q3 25
$122.1M
$29.2M
Q2 25
$85.2M
Q1 25
$41.1M
$26.6M
Q4 24
$90.5M
$29.0M
Q3 24
$91.6M
$31.7M
Q2 24
$94.4M
$27.7M
Q1 24
$74.9M
$29.4M
Net Profit
IRWD
IRWD
MTEX
MTEX
Q4 25
$-2.3M
Q3 25
$40.1M
$1.9M
Q2 25
$23.6M
Q1 25
$-37.4M
$-1.5M
Q4 24
$2.3M
$2.3M
Q3 24
$3.6M
$-328.0K
Q2 24
$-860.0K
$-624.0K
Q1 24
$-4.2M
$1.2M
Gross Margin
IRWD
IRWD
MTEX
MTEX
Q4 25
Q3 25
76.4%
Q2 25
Q1 25
74.3%
Q4 24
80.6%
Q3 24
74.5%
Q2 24
77.1%
Q1 24
78.6%
Operating Margin
IRWD
IRWD
MTEX
MTEX
Q4 25
14.3%
Q3 25
61.8%
6.9%
Q2 25
53.2%
Q1 25
-70.7%
-3.1%
Q4 24
34.8%
3.0%
Q3 24
28.0%
2.8%
Q2 24
26.5%
-4.1%
Q1 24
14.7%
2.8%
Net Margin
IRWD
IRWD
MTEX
MTEX
Q4 25
-4.8%
Q3 25
32.8%
6.6%
Q2 25
27.7%
Q1 25
-90.9%
-5.8%
Q4 24
2.5%
7.8%
Q3 24
4.0%
-1.0%
Q2 24
-0.9%
-2.2%
Q1 24
-5.6%
4.0%
EPS (diluted)
IRWD
IRWD
MTEX
MTEX
Q4 25
$0.01
Q3 25
$0.23
$1.01
Q2 25
$0.14
Q1 25
$-0.23
$-0.80
Q4 24
$0.03
$1.19
Q3 24
$0.02
$-0.17
Q2 24
$-0.01
$-0.33
Q1 24
$-0.03
$0.63

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
MTEX
MTEX
Cash + ST InvestmentsLiquidity on hand
$215.5M
$7.1M
Total DebtLower is stronger
$2.9M
Stockholders' EquityBook value
$-261.8M
$7.0M
Total Assets
$396.9M
$33.9M
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
MTEX
MTEX
Q4 25
$215.5M
Q3 25
$140.4M
$7.1M
Q2 25
$92.9M
Q1 25
$108.5M
$9.3M
Q4 24
$88.6M
$11.4M
Q3 24
$88.2M
$12.2M
Q2 24
$105.5M
$9.2M
Q1 24
$121.5M
$7.9M
Total Debt
IRWD
IRWD
MTEX
MTEX
Q4 25
Q3 25
$199.5M
$2.9M
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
MTEX
MTEX
Q4 25
$-261.8M
Q3 25
$-264.2M
$7.0M
Q2 25
$-308.2M
Q1 25
$-334.1M
$7.6M
Q4 24
$-301.3M
$8.6M
Q3 24
$-311.3M
$10.0M
Q2 24
$-321.7M
$8.2M
Q1 24
$-330.5M
$10.4M
Total Assets
IRWD
IRWD
MTEX
MTEX
Q4 25
$396.9M
Q3 25
$396.1M
$33.9M
Q2 25
$342.9M
Q1 25
$327.2M
$36.7M
Q4 24
$350.9M
$36.1M
Q3 24
$389.5M
$40.6M
Q2 24
$395.6M
$39.9M
Q1 24
$438.8M
$41.1M
Debt / Equity
IRWD
IRWD
MTEX
MTEX
Q4 25
Q3 25
0.42×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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
MTEX
MTEX
Operating Cash FlowLast quarter
$74.6M
$-1.3M
Free Cash FlowOCF − Capex
$74.6M
$-2.0M
FCF MarginFCF / Revenue
156.3%
-6.8%
Capex IntensityCapex / Revenue
0.0%
2.4%
Cash ConversionOCF / Net Profit
-0.68×
TTM Free Cash FlowTrailing 4 quarters
$127.0M
$-1.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRWD
IRWD
MTEX
MTEX
Q4 25
$74.6M
Q3 25
$47.6M
$-1.3M
Q2 25
$-15.1M
Q1 25
$20.0M
$-1.4M
Q4 24
$15.2M
$-219.0K
Q3 24
$9.9M
$3.3M
Q2 24
$33.5M
$-2.7M
Q1 24
$45.0M
$1.9M
Free Cash Flow
IRWD
IRWD
MTEX
MTEX
Q4 25
$74.6M
Q3 25
$47.6M
$-2.0M
Q2 25
$-15.1M
Q1 25
$19.9M
$-1.9M
Q4 24
$-325.0K
Q3 24
$9.9M
$3.0M
Q2 24
$33.4M
$-2.7M
Q1 24
$44.9M
$1.8M
FCF Margin
IRWD
IRWD
MTEX
MTEX
Q4 25
156.3%
Q3 25
39.0%
-6.8%
Q2 25
-17.7%
Q1 25
48.4%
-7.0%
Q4 24
-1.1%
Q3 24
10.8%
9.5%
Q2 24
35.4%
-9.9%
Q1 24
60.0%
6.2%
Capex Intensity
IRWD
IRWD
MTEX
MTEX
Q4 25
0.0%
Q3 25
0.0%
2.4%
Q2 25
0.0%
Q1 25
0.1%
1.8%
Q4 24
0.0%
0.4%
Q3 24
0.0%
0.8%
Q2 24
0.1%
0.3%
Q1 24
0.1%
0.2%
Cash Conversion
IRWD
IRWD
MTEX
MTEX
Q4 25
Q3 25
1.19×
-0.68×
Q2 25
-0.64×
Q1 25
Q4 24
6.74×
-0.10×
Q3 24
2.71×
Q2 24
Q1 24
1.59×

Financial Flow Comparison

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

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