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

READING INTERNATIONAL INC is the larger business by last-quarter revenue ($50.3M vs $47.7M, roughly 1.1× IRONWOOD PHARMACEUTICALS INC). IRONWOOD PHARMACEUTICALS INC runs the higher net margin — -4.8% vs -5.1%, a 0.3% gap on every dollar of revenue. On growth, READING INTERNATIONAL INC posted the faster year-over-year revenue change (-14.2% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $4.1M). Over the past eight quarters, READING INTERNATIONAL INC's revenue compounded faster (5.6% CAGR vs -20.2%).

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

The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.

IRWD vs RDI — Head-to-Head

Bigger by revenue
RDI
RDI
1.1× larger
RDI
$50.3M
$47.7M
IRWD
Growing faster (revenue YoY)
RDI
RDI
+33.1% gap
RDI
-14.2%
-47.3%
IRWD
Higher net margin
IRWD
IRWD
0.3% more per $
IRWD
-4.8%
-5.1%
RDI
More free cash flow
IRWD
IRWD
$70.5M more FCF
IRWD
$74.6M
$4.1M
RDI
Faster 2-yr revenue CAGR
RDI
RDI
Annualised
RDI
5.6%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IRWD
IRWD
RDI
RDI
Revenue
$47.7M
$50.3M
Net Profit
$-2.3M
$-2.6M
Gross Margin
Operating Margin
14.3%
-1.9%
Net Margin
-4.8%
-5.1%
Revenue YoY
-47.3%
-14.2%
Net Profit YoY
-200.9%
-14.5%
EPS (diluted)
$0.01
$-0.11

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
RDI
RDI
Q4 25
$47.7M
$50.3M
Q3 25
$122.1M
$52.2M
Q2 25
$85.2M
$60.4M
Q1 25
$41.1M
$40.2M
Q4 24
$90.5M
$58.6M
Q3 24
$91.6M
$60.1M
Q2 24
$94.4M
$46.8M
Q1 24
$74.9M
$45.1M
Net Profit
IRWD
IRWD
RDI
RDI
Q4 25
$-2.3M
$-2.6M
Q3 25
$40.1M
$-4.2M
Q2 25
$23.6M
$-2.7M
Q1 25
$-37.4M
$-4.8M
Q4 24
$2.3M
$-2.2M
Q3 24
$3.6M
$-7.0M
Q2 24
$-860.0K
$-12.8M
Q1 24
$-4.2M
$-13.2M
Operating Margin
IRWD
IRWD
RDI
RDI
Q4 25
14.3%
-1.9%
Q3 25
61.8%
-0.6%
Q2 25
53.2%
4.8%
Q1 25
-70.7%
-17.2%
Q4 24
34.8%
2.6%
Q3 24
28.0%
-0.6%
Q2 24
26.5%
-16.4%
Q1 24
14.7%
-16.7%
Net Margin
IRWD
IRWD
RDI
RDI
Q4 25
-4.8%
-5.1%
Q3 25
32.8%
-8.0%
Q2 25
27.7%
-4.4%
Q1 25
-90.9%
-11.8%
Q4 24
2.5%
-3.8%
Q3 24
4.0%
-11.7%
Q2 24
-0.9%
-27.4%
Q1 24
-5.6%
-29.4%
EPS (diluted)
IRWD
IRWD
RDI
RDI
Q4 25
$0.01
$-0.11
Q3 25
$0.23
$-0.18
Q2 25
$0.14
$-0.12
Q1 25
$-0.23
$-0.21
Q4 24
$0.03
$-0.11
Q3 24
$0.02
$-0.31
Q2 24
$-0.01
$-0.57
Q1 24
$-0.03
$-0.59

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
RDI
RDI
Cash + ST InvestmentsLiquidity on hand
$215.5M
$10.5M
Total DebtLower is stronger
$185.1M
Stockholders' EquityBook value
$-261.8M
$-18.2M
Total Assets
$396.9M
$434.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
RDI
RDI
Q4 25
$215.5M
$10.5M
Q3 25
$140.4M
$8.1M
Q2 25
$92.9M
$9.1M
Q1 25
$108.5M
$5.9M
Q4 24
$88.6M
$12.4M
Q3 24
$88.2M
$10.1M
Q2 24
$105.5M
$9.3M
Q1 24
$121.5M
$7.5M
Total Debt
IRWD
IRWD
RDI
RDI
Q4 25
$185.1M
Q3 25
$199.5M
Q2 25
$199.3M
Q1 25
$199.2M
Q4 24
$199.0M
$202.7M
Q3 24
$198.8M
Q2 24
$198.6M
Q1 24
$398.3M
Stockholders' Equity
IRWD
IRWD
RDI
RDI
Q4 25
$-261.8M
$-18.2M
Q3 25
$-264.2M
$-12.1M
Q2 25
$-308.2M
$-7.7M
Q1 25
$-334.1M
$-8.1M
Q4 24
$-301.3M
$-4.4M
Q3 24
$-311.3M
$1.6M
Q2 24
$-321.7M
$6.5M
Q1 24
$-330.5M
$18.0M
Total Assets
IRWD
IRWD
RDI
RDI
Q4 25
$396.9M
$434.9M
Q3 25
$396.1M
$435.2M
Q2 25
$342.9M
$438.1M
Q1 25
$327.2M
$441.0M
Q4 24
$350.9M
$471.0M
Q3 24
$389.5M
$495.7M
Q2 24
$395.6M
$494.9M
Q1 24
$438.8M
$494.9M

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
RDI
RDI
Operating Cash FlowLast quarter
$74.6M
$4.3M
Free Cash FlowOCF − Capex
$74.6M
$4.1M
FCF MarginFCF / Revenue
156.3%
8.2%
Capex IntensityCapex / Revenue
0.0%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$127.0M
$-2.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRWD
IRWD
RDI
RDI
Q4 25
$74.6M
$4.3M
Q3 25
$47.6M
$295.0K
Q2 25
$-15.1M
$1.6M
Q1 25
$20.0M
$-7.7M
Q4 24
$15.2M
$8.0M
Q3 24
$9.9M
$1.3M
Q2 24
$33.5M
$-10.4M
Q1 24
$45.0M
$-2.8M
Free Cash Flow
IRWD
IRWD
RDI
RDI
Q4 25
$74.6M
$4.1M
Q3 25
$47.6M
$-246.0K
Q2 25
$-15.1M
$1.2M
Q1 25
$19.9M
$-8.0M
Q4 24
$7.0M
Q3 24
$9.9M
$-1.1M
Q2 24
$33.4M
$-10.6M
Q1 24
$44.9M
$-4.7M
FCF Margin
IRWD
IRWD
RDI
RDI
Q4 25
156.3%
8.2%
Q3 25
39.0%
-0.5%
Q2 25
-17.7%
1.9%
Q1 25
48.4%
-19.8%
Q4 24
12.0%
Q3 24
10.8%
-1.8%
Q2 24
35.4%
-22.7%
Q1 24
60.0%
-10.4%
Capex Intensity
IRWD
IRWD
RDI
RDI
Q4 25
0.0%
0.3%
Q3 25
0.0%
1.0%
Q2 25
0.0%
0.6%
Q1 25
0.1%
0.6%
Q4 24
0.0%
1.7%
Q3 24
0.0%
4.0%
Q2 24
0.1%
0.5%
Q1 24
0.1%
4.3%
Cash Conversion
IRWD
IRWD
RDI
RDI
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.

Revenue Breakdown by Segment

IRWD
IRWD

Segment breakdown not available.

RDI
RDI

Cinema Exhibition Segment$46.9M93%
Real Estate Revenue$3.4M7%

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