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

McEwen Inc. is the larger business by last-quarter revenue ($64.6M vs $47.7M, roughly 1.4× IRONWOOD PHARMACEUTICALS INC). McEwen Inc. runs the higher net margin — 59.0% vs -4.8%, a 63.8% gap on every dollar of revenue. On growth, McEwen Inc. posted the faster year-over-year revenue change (92.8% vs -47.3%). Over the past eight quarters, McEwen Inc.'s revenue compounded faster (25.2% CAGR vs -20.2%).

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

McEwen Inc (ticker MUX) is a natural resource company primarily engaged in the exploration, development, and production of gold, silver, and copper assets. Its core operations are located across North and South America, serving global commodity markets with a focus on sustainable, responsible mining practices.

IRWD vs MUX — Head-to-Head

Bigger by revenue
MUX
MUX
1.4× larger
MUX
$64.6M
$47.7M
IRWD
Growing faster (revenue YoY)
MUX
MUX
+140.1% gap
MUX
92.8%
-47.3%
IRWD
Higher net margin
MUX
MUX
63.8% more per $
MUX
59.0%
-4.8%
IRWD
Faster 2-yr revenue CAGR
MUX
MUX
Annualised
MUX
25.2%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IRWD
IRWD
MUX
MUX
Revenue
$47.7M
$64.6M
Net Profit
$-2.3M
$38.1M
Gross Margin
26.9%
Operating Margin
14.3%
34.2%
Net Margin
-4.8%
59.0%
Revenue YoY
-47.3%
92.8%
Net Profit YoY
-200.9%
563.1%
EPS (diluted)
$0.01
$0.66

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
MUX
MUX
Q4 25
$47.7M
$64.6M
Q3 25
$122.1M
$50.5M
Q2 25
$85.2M
$46.7M
Q1 25
$41.1M
$35.7M
Q4 24
$90.5M
$33.5M
Q3 24
$91.6M
$52.3M
Q2 24
$94.4M
$47.5M
Q1 24
$74.9M
$41.2M
Net Profit
IRWD
IRWD
MUX
MUX
Q4 25
$-2.3M
$38.1M
Q3 25
$40.1M
$-462.0K
Q2 25
$23.6M
$3.0M
Q1 25
$-37.4M
$-6.3M
Q4 24
$2.3M
$-8.2M
Q3 24
$3.6M
$-2.1M
Q2 24
$-860.0K
$-13.0M
Q1 24
$-4.2M
$-20.4M
Gross Margin
IRWD
IRWD
MUX
MUX
Q4 25
26.9%
Q3 25
15.5%
Q2 25
26.3%
Q1 25
28.2%
Q4 24
1.1%
Q3 24
26.4%
Q2 24
22.7%
Q1 24
14.6%
Operating Margin
IRWD
IRWD
MUX
MUX
Q4 25
14.3%
34.2%
Q3 25
61.8%
-16.7%
Q2 25
53.2%
-7.2%
Q1 25
-70.7%
-21.4%
Q4 24
34.8%
-43.4%
Q3 24
28.0%
-0.2%
Q2 24
26.5%
-29.4%
Q1 24
14.7%
-53.3%
Net Margin
IRWD
IRWD
MUX
MUX
Q4 25
-4.8%
59.0%
Q3 25
32.8%
-0.9%
Q2 25
27.7%
6.5%
Q1 25
-90.9%
-17.6%
Q4 24
2.5%
-24.6%
Q3 24
4.0%
-4.0%
Q2 24
-0.9%
-27.4%
Q1 24
-5.6%
-49.4%
EPS (diluted)
IRWD
IRWD
MUX
MUX
Q4 25
$0.01
$0.66
Q3 25
$0.23
$-0.01
Q2 25
$0.14
$0.06
Q1 25
$-0.23
$-0.12
Q4 24
$0.03
$-0.15
Q3 24
$0.02
$-0.04
Q2 24
$-0.01
$-0.26
Q1 24
$-0.03
$-0.41

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
MUX
MUX
Cash + ST InvestmentsLiquidity on hand
$215.5M
$72.1M
Total DebtLower is stronger
$126.2M
Stockholders' EquityBook value
$-261.8M
$546.2M
Total Assets
$396.9M
$820.2M
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
MUX
MUX
Q4 25
$215.5M
$72.1M
Q3 25
$140.4M
$75.4M
Q2 25
$92.9M
$69.5M
Q1 25
$108.5M
$79.3M
Q4 24
$88.6M
$15.3M
Q3 24
$88.2M
$30.2M
Q2 24
$105.5M
$42.6M
Q1 24
$121.5M
$22.0M
Total Debt
IRWD
IRWD
MUX
MUX
Q4 25
$126.2M
Q3 25
$199.5M
$126.0M
Q2 25
$199.3M
$125.8M
Q1 25
$199.2M
$125.5M
Q4 24
$199.0M
$40.0M
Q3 24
$198.8M
$31.0M
Q2 24
$198.6M
$34.0M
Q1 24
$398.3M
$37.0M
Stockholders' Equity
IRWD
IRWD
MUX
MUX
Q4 25
$-261.8M
$546.2M
Q3 25
$-264.2M
$488.6M
Q2 25
$-308.2M
$484.5M
Q1 25
$-334.1M
$479.8M
Q4 24
$-301.3M
$495.0M
Q3 24
$-311.3M
$502.1M
Q2 24
$-321.7M
$485.2M
Q1 24
$-330.5M
$482.5M
Total Assets
IRWD
IRWD
MUX
MUX
Q4 25
$396.9M
$820.2M
Q3 25
$396.1M
$747.6M
Q2 25
$342.9M
$735.6M
Q1 25
$327.2M
$730.6M
Q4 24
$350.9M
$664.6M
Q3 24
$389.5M
$667.8M
Q2 24
$395.6M
$645.1M
Q1 24
$438.8M
$638.7M
Debt / Equity
IRWD
IRWD
MUX
MUX
Q4 25
0.23×
Q3 25
0.26×
Q2 25
0.26×
Q1 25
0.26×
Q4 24
0.08×
Q3 24
0.06×
Q2 24
0.07×
Q1 24
0.08×

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
MUX
MUX
Operating Cash FlowLast quarter
$74.6M
$3.1M
Free Cash FlowOCF − Capex
$74.6M
FCF MarginFCF / Revenue
156.3%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.08×
TTM Free Cash FlowTrailing 4 quarters
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRWD
IRWD
MUX
MUX
Q4 25
$74.6M
$3.1M
Q3 25
$47.6M
$5.2M
Q2 25
$-15.1M
$478.0K
Q1 25
$20.0M
$-1.9M
Q4 24
$15.2M
$-1.2M
Q3 24
$9.9M
$23.2M
Q2 24
$33.5M
$3.6M
Q1 24
$45.0M
$3.9M
Free Cash Flow
IRWD
IRWD
MUX
MUX
Q4 25
$74.6M
Q3 25
$47.6M
Q2 25
$-15.1M
Q1 25
$19.9M
Q4 24
Q3 24
$9.9M
Q2 24
$33.4M
Q1 24
$44.9M
FCF Margin
IRWD
IRWD
MUX
MUX
Q4 25
156.3%
Q3 25
39.0%
Q2 25
-17.7%
Q1 25
48.4%
Q4 24
Q3 24
10.8%
Q2 24
35.4%
Q1 24
60.0%
Capex Intensity
IRWD
IRWD
MUX
MUX
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
IRWD
IRWD
MUX
MUX
Q4 25
0.08×
Q3 25
1.19×
Q2 25
-0.64×
0.16×
Q1 25
Q4 24
6.74×
Q3 24
2.71×
Q2 24
Q1 24

Financial Flow Comparison

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

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