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Side-by-side financial comparison of IRONWOOD PHARMACEUTICALS INC (IRWD) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.
OPAL Fuels Inc. is the larger business by last-quarter revenue ($88.4M vs $47.7M, roughly 1.9× IRONWOOD PHARMACEUTICALS INC). OPAL Fuels Inc. runs the higher net margin — 18.3% vs -4.8%, a 23.1% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $-13.4M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% CAGR vs -20.2%).
Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.
OPAL Fuels Inc. is a North American energy company focused on producing and distributing low-carbon renewable natural gas (RNG). It captures methane from landfills, dairy operations and other organic waste streams to produce RNG, which is mainly supplied to heavy-duty transportation fleets, commercial logistics operators and public transport entities to help reduce their greenhouse gas emissions.
IRWD vs OPAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $47.7M | $88.4M |
| Net Profit | $-2.3M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | 14.3% | 7.5% |
| Net Margin | -4.8% | 18.3% |
| Revenue YoY | -47.3% | 18.7% |
| Net Profit YoY | -200.9% | 401.5% |
| EPS (diluted) | $0.01 | $0.08 |
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 | $88.4M | ||
| Q3 25 | $122.1M | $77.9M | ||
| Q2 25 | $85.2M | $77.4M | ||
| Q1 25 | $41.1M | $83.0M | ||
| Q4 24 | $90.5M | $74.5M | ||
| Q3 24 | $91.6M | $82.6M | ||
| Q2 24 | $94.4M | $69.8M | ||
| Q1 24 | $74.9M | $64.0M |
| Q4 25 | $-2.3M | $16.2M | ||
| Q3 25 | $40.1M | $11.4M | ||
| Q2 25 | $23.6M | $7.6M | ||
| Q1 25 | $-37.4M | $1.3M | ||
| Q4 24 | $2.3M | $-5.4M | ||
| Q3 24 | $3.6M | $17.1M | ||
| Q2 24 | $-860.0K | $1.9M | ||
| Q1 24 | $-4.2M | $677.0K |
| Q4 25 | 14.3% | 7.5% | ||
| Q3 25 | 61.8% | 4.6% | ||
| Q2 25 | 53.2% | -1.1% | ||
| Q1 25 | -70.7% | -2.3% | ||
| Q4 24 | 34.8% | -0.5% | ||
| Q3 24 | 28.0% | 14.9% | ||
| Q2 24 | 26.5% | 8.1% | ||
| Q1 24 | 14.7% | 5.6% |
| Q4 25 | -4.8% | 18.3% | ||
| Q3 25 | 32.8% | 14.6% | ||
| Q2 25 | 27.7% | 9.8% | ||
| Q1 25 | -90.9% | 1.5% | ||
| Q4 24 | 2.5% | -7.2% | ||
| Q3 24 | 4.0% | 20.7% | ||
| Q2 24 | -0.9% | 2.7% | ||
| Q1 24 | -5.6% | 1.1% |
| Q4 25 | $0.01 | $0.08 | ||
| Q3 25 | $0.23 | $0.05 | ||
| Q2 25 | $0.14 | $0.03 | ||
| Q1 25 | $-0.23 | $-0.01 | ||
| Q4 24 | $0.03 | $-0.05 | ||
| Q3 24 | $0.02 | $0.09 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $215.5M | $24.4M |
| Total DebtLower is stronger | — | $361.3M |
| Stockholders' EquityBook value | $-261.8M | $-12.9M |
| Total Assets | $396.9M | $959.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $215.5M | $24.4M | ||
| Q3 25 | $140.4M | $29.9M | ||
| Q2 25 | $92.9M | $29.3M | ||
| Q1 25 | $108.5M | $40.1M | ||
| Q4 24 | $88.6M | $24.3M | ||
| Q3 24 | $88.2M | $31.0M | ||
| Q2 24 | $105.5M | $27.6M | ||
| Q1 24 | $121.5M | $34.2M |
| Q4 25 | — | $361.3M | ||
| Q3 25 | $199.5M | $351.2M | ||
| Q2 25 | $199.3M | $331.6M | ||
| Q1 25 | $199.2M | $307.0M | ||
| Q4 24 | $199.0M | $307.5M | ||
| Q3 24 | $198.8M | $252.9M | ||
| Q2 24 | $198.6M | $233.3M | ||
| Q1 24 | $398.3M | $208.7M |
| Q4 25 | $-261.8M | $-12.9M | ||
| Q3 25 | $-264.2M | $7.5M | ||
| Q2 25 | $-308.2M | $-25.0M | ||
| Q1 25 | $-334.1M | $57.1M | ||
| Q4 24 | $-301.3M | $-148.4M | ||
| Q3 24 | $-311.3M | $-180.1M | ||
| Q2 24 | $-321.7M | $-273.0M | ||
| Q1 24 | $-330.5M | $-382.4M |
| Q4 25 | $396.9M | $959.5M | ||
| Q3 25 | $396.1M | $916.7M | ||
| Q2 25 | $342.9M | $905.5M | ||
| Q1 25 | $327.2M | $884.9M | ||
| Q4 24 | $350.9M | $881.1M | ||
| Q3 24 | $389.5M | $831.1M | ||
| Q2 24 | $395.6M | $782.3M | ||
| Q1 24 | $438.8M | $750.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 46.95× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.38× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $74.6M | $-3.5M |
| Free Cash FlowOCF − Capex | $74.6M | $-13.4M |
| FCF MarginFCF / Revenue | 156.3% | -15.1% |
| Capex IntensityCapex / Revenue | 0.0% | 11.1% |
| Cash ConversionOCF / Net Profit | — | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $127.0M | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $74.6M | $-3.5M | ||
| Q3 25 | $47.6M | $18.2M | ||
| Q2 25 | $-15.1M | $-7.9M | ||
| Q1 25 | $20.0M | $29.7M | ||
| Q4 24 | $15.2M | $-532.0K | ||
| Q3 24 | $9.9M | $17.7M | ||
| Q2 24 | $33.5M | $533.0K | ||
| Q1 24 | $45.0M | $13.7M |
| Q4 25 | $74.6M | $-13.4M | ||
| Q3 25 | $47.6M | $-9.3M | ||
| Q2 25 | $-15.1M | $-29.7M | ||
| Q1 25 | $19.9M | $18.1M | ||
| Q4 24 | — | $-55.0M | ||
| Q3 24 | $9.9M | $-5.4M | ||
| Q2 24 | $33.4M | $-22.5M | ||
| Q1 24 | $44.9M | $-13.0M |
| Q4 25 | 156.3% | -15.1% | ||
| Q3 25 | 39.0% | -11.9% | ||
| Q2 25 | -17.7% | -38.4% | ||
| Q1 25 | 48.4% | 21.8% | ||
| Q4 24 | — | -73.8% | ||
| Q3 24 | 10.8% | -6.5% | ||
| Q2 24 | 35.4% | -32.2% | ||
| Q1 24 | 60.0% | -20.4% |
| Q4 25 | 0.0% | 11.1% | ||
| Q3 25 | 0.0% | 35.3% | ||
| Q2 25 | 0.0% | 28.2% | ||
| Q1 25 | 0.1% | 13.9% | ||
| Q4 24 | 0.0% | 73.1% | ||
| Q3 24 | 0.0% | 27.9% | ||
| Q2 24 | 0.1% | 32.9% | ||
| Q1 24 | 0.1% | 41.8% |
| Q4 25 | — | -0.22× | ||
| Q3 25 | 1.19× | 1.60× | ||
| Q2 25 | -0.64× | -1.04× | ||
| Q1 25 | — | 23.11× | ||
| Q4 24 | 6.74× | — | ||
| Q3 24 | 2.71× | 1.03× | ||
| Q2 24 | — | 0.28× | ||
| Q1 24 | — | 20.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IRWD
Segment breakdown not available.
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
