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

IRONWOOD PHARMACEUTICALS INC is the larger business by last-quarter revenue ($47.7M vs $35.2M, roughly 1.4× Orion Properties Inc.). IRONWOOD PHARMACEUTICALS INC runs the higher net margin — -4.8% vs -101.7%, a 96.9% gap on every dollar of revenue. On growth, Orion Properties Inc. posted the faster year-over-year revenue change (-8.2% vs -47.3%). Over the past eight quarters, Orion Properties Inc.'s revenue compounded faster (-13.6% CAGR vs -20.2%).

IRWD vs ONL — Head-to-Head

Bigger by revenue
IRWD
IRWD
1.4× larger
IRWD
$47.7M
$35.2M
ONL
Growing faster (revenue YoY)
ONL
ONL
+39.1% gap
ONL
-8.2%
-47.3%
IRWD
Higher net margin
IRWD
IRWD
96.9% more per $
IRWD
-4.8%
-101.7%
ONL
Faster 2-yr revenue CAGR
ONL
ONL
Annualised
ONL
-13.6%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IRWD
IRWD
ONL
ONL
Revenue
$47.7M
$35.2M
Net Profit
$-2.3M
$-35.8M
Gross Margin
Operating Margin
14.3%
-101.5%
Net Margin
-4.8%
-101.7%
Revenue YoY
-47.3%
-8.2%
Net Profit YoY
-200.9%
-9.3%
EPS (diluted)
$0.01
$-0.63

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
ONL
ONL
Q4 25
$47.7M
$35.2M
Q3 25
$122.1M
$37.1M
Q2 25
$85.2M
$37.3M
Q1 25
$41.1M
$38.0M
Q4 24
$90.5M
$38.4M
Q3 24
$91.6M
$39.2M
Q2 24
$94.4M
$40.1M
Q1 24
$74.9M
$47.2M
Net Profit
IRWD
IRWD
ONL
ONL
Q4 25
$-2.3M
$-35.8M
Q3 25
$40.1M
$-69.0M
Q2 25
$23.6M
$-25.1M
Q1 25
$-37.4M
$-9.4M
Q4 24
$2.3M
$-32.8M
Q3 24
$3.6M
$-10.2M
Q2 24
$-860.0K
$-33.8M
Q1 24
$-4.2M
$-26.2M
Operating Margin
IRWD
IRWD
ONL
ONL
Q4 25
14.3%
-101.5%
Q3 25
61.8%
-185.8%
Q2 25
53.2%
-67.1%
Q1 25
-70.7%
-24.4%
Q4 24
34.8%
-85.4%
Q3 24
28.0%
-25.9%
Q2 24
26.5%
-84.1%
Q1 24
14.7%
-55.4%
Net Margin
IRWD
IRWD
ONL
ONL
Q4 25
-4.8%
-101.7%
Q3 25
32.8%
-186.0%
Q2 25
27.7%
-67.3%
Q1 25
-90.9%
-24.6%
Q4 24
2.5%
-85.4%
Q3 24
4.0%
-26.1%
Q2 24
-0.9%
-84.2%
Q1 24
-5.6%
-55.6%
EPS (diluted)
IRWD
IRWD
ONL
ONL
Q4 25
$0.01
$-0.63
Q3 25
$0.23
$-1.23
Q2 25
$0.14
$-0.45
Q1 25
$-0.23
$-0.17
Q4 24
$0.03
$-0.59
Q3 24
$0.02
$-0.18
Q2 24
$-0.01
$-0.60
Q1 24
$-0.03
$-0.47

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
ONL
ONL
Cash + ST InvestmentsLiquidity on hand
$215.5M
$22.4M
Total DebtLower is stronger
$465.0M
Stockholders' EquityBook value
$-261.8M
$623.2M
Total Assets
$396.9M
$1.2B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
ONL
ONL
Q4 25
$215.5M
$22.4M
Q3 25
$140.4M
$32.6M
Q2 25
$92.9M
$17.4M
Q1 25
$108.5M
$9.4M
Q4 24
$88.6M
$15.6M
Q3 24
$88.2M
$16.6M
Q2 24
$105.5M
$24.2M
Q1 24
$121.5M
$23.6M
Total Debt
IRWD
IRWD
ONL
ONL
Q4 25
$465.0M
Q3 25
$199.5M
$483.0M
Q2 25
$199.3M
$483.0M
Q1 25
$199.2M
$505.0M
Q4 24
$199.0M
$492.0M
Q3 24
$198.8M
$485.0M
Q2 24
$198.6M
$462.0M
Q1 24
$398.3M
$471.0M
Stockholders' Equity
IRWD
IRWD
ONL
ONL
Q4 25
$-261.8M
$623.2M
Q3 25
$-264.2M
$658.8M
Q2 25
$-308.2M
$728.0M
Q1 25
$-334.1M
$753.5M
Q4 24
$-301.3M
$763.9M
Q3 24
$-311.3M
$800.9M
Q2 24
$-321.7M
$816.1M
Q1 24
$-330.5M
$854.6M
Total Assets
IRWD
IRWD
ONL
ONL
Q4 25
$396.9M
$1.2B
Q3 25
$396.1M
$1.2B
Q2 25
$342.9M
$1.3B
Q1 25
$327.2M
$1.3B
Q4 24
$350.9M
$1.3B
Q3 24
$389.5M
$1.4B
Q2 24
$395.6M
$1.3B
Q1 24
$438.8M
$1.4B
Debt / Equity
IRWD
IRWD
ONL
ONL
Q4 25
0.75×
Q3 25
0.73×
Q2 25
0.66×
Q1 25
0.67×
Q4 24
0.64×
Q3 24
0.61×
Q2 24
0.57×
Q1 24
0.55×

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
ONL
ONL
Operating Cash FlowLast quarter
$74.6M
$23.6M
Free Cash FlowOCF − Capex
$74.6M
FCF MarginFCF / Revenue
156.3%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRWD
IRWD
ONL
ONL
Q4 25
$74.6M
$23.6M
Q3 25
$47.6M
$5.7M
Q2 25
$-15.1M
$11.6M
Q1 25
$20.0M
$-2.2M
Q4 24
$15.2M
$54.3M
Q3 24
$9.9M
$13.8M
Q2 24
$33.5M
$17.0M
Q1 24
$45.0M
$11.0M
Free Cash Flow
IRWD
IRWD
ONL
ONL
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
ONL
ONL
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
ONL
ONL
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
ONL
ONL
Q4 25
Q3 25
1.19×
Q2 25
-0.64×
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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