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

RING ENERGY, INC. is the larger business by last-quarter revenue ($66.9M vs $47.7M, roughly 1.4× IRONWOOD PHARMACEUTICALS INC). On growth, RING ENERGY, INC. posted the faster year-over-year revenue change (-19.8% vs -47.3%). Over the past eight quarters, RING ENERGY, INC.'s revenue compounded faster (-15.9% CAGR vs -20.2%).

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

Siemens Energy AG is a German publicly traded energy corporation formed through the spin-off of the former Gas and Power division of Siemens, and it includes full ownership of Siemens Gamesa.

IRWD vs REI — Head-to-Head

Bigger by revenue
REI
REI
1.4× larger
REI
$66.9M
$47.7M
IRWD
Growing faster (revenue YoY)
REI
REI
+27.5% gap
REI
-19.8%
-47.3%
IRWD
Faster 2-yr revenue CAGR
REI
REI
Annualised
REI
-15.9%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IRWD
IRWD
REI
REI
Revenue
$47.7M
$66.9M
Net Profit
$-2.3M
Gross Margin
Operating Margin
14.3%
-37.6%
Net Margin
-4.8%
Revenue YoY
-47.3%
-19.8%
Net Profit YoY
-200.9%
EPS (diluted)
$0.01
$-0.07

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
REI
REI
Q4 25
$47.7M
$66.9M
Q3 25
$122.1M
$78.6M
Q2 25
$85.2M
$82.6M
Q1 25
$41.1M
$79.1M
Q4 24
$90.5M
$83.4M
Q3 24
$91.6M
$89.2M
Q2 24
$94.4M
$99.1M
Q1 24
$74.9M
$94.5M
Net Profit
IRWD
IRWD
REI
REI
Q4 25
$-2.3M
Q3 25
$40.1M
$-51.6M
Q2 25
$23.6M
$20.6M
Q1 25
$-37.4M
$9.1M
Q4 24
$2.3M
Q3 24
$3.6M
$33.9M
Q2 24
$-860.0K
$22.4M
Q1 24
$-4.2M
$5.5M
Operating Margin
IRWD
IRWD
REI
REI
Q4 25
14.3%
-37.6%
Q3 25
61.8%
-70.0%
Q2 25
53.2%
28.4%
Q1 25
-70.7%
28.3%
Q4 24
34.8%
28.3%
Q3 24
28.0%
33.4%
Q2 24
26.5%
42.2%
Q1 24
14.7%
39.8%
Net Margin
IRWD
IRWD
REI
REI
Q4 25
-4.8%
Q3 25
32.8%
-65.7%
Q2 25
27.7%
25.0%
Q1 25
-90.9%
11.5%
Q4 24
2.5%
Q3 24
4.0%
38.0%
Q2 24
-0.9%
22.6%
Q1 24
-5.6%
5.8%
EPS (diluted)
IRWD
IRWD
REI
REI
Q4 25
$0.01
$-0.07
Q3 25
$0.23
$-0.25
Q2 25
$0.14
$0.10
Q1 25
$-0.23
$0.05
Q4 24
$0.03
$0.03
Q3 24
$0.02
$0.17
Q2 24
$-0.01
$0.11
Q1 24
$-0.03
$0.03

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
REI
REI
Cash + ST InvestmentsLiquidity on hand
$215.5M
$902.9K
Total DebtLower is stronger
Stockholders' EquityBook value
$-261.8M
$836.3M
Total Assets
$396.9M
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
REI
REI
Q4 25
$215.5M
$902.9K
Q3 25
$140.4M
$286.9K
Q2 25
$92.9M
Q1 25
$108.5M
$1.1M
Q4 24
$88.6M
$1.9M
Q3 24
$88.2M
Q2 24
$105.5M
$1.2M
Q1 24
$121.5M
$1.4M
Total Debt
IRWD
IRWD
REI
REI
Q4 25
Q3 25
$199.5M
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
REI
REI
Q4 25
$-261.8M
$836.3M
Q3 25
$-264.2M
$847.7M
Q2 25
$-308.2M
$897.9M
Q1 25
$-334.1M
$876.0M
Q4 24
$-301.3M
$858.6M
Q3 24
$-311.3M
$851.3M
Q2 24
$-321.7M
$817.4M
Q1 24
$-330.5M
$793.0M
Total Assets
IRWD
IRWD
REI
REI
Q4 25
$396.9M
$1.4B
Q3 25
$396.1M
$1.4B
Q2 25
$342.9M
$1.5B
Q1 25
$327.2M
$1.5B
Q4 24
$350.9M
$1.4B
Q3 24
$389.5M
$1.4B
Q2 24
$395.6M
$1.4B
Q1 24
$438.8M
$1.4B

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
REI
REI
Operating Cash FlowLast quarter
$74.6M
$44.7M
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
REI
REI
Q4 25
$74.6M
$44.7M
Q3 25
$47.6M
$44.5M
Q2 25
$-15.1M
$33.3M
Q1 25
$20.0M
$28.4M
Q4 24
$15.2M
$47.3M
Q3 24
$9.9M
$51.3M
Q2 24
$33.5M
$50.6M
Q1 24
$45.0M
$45.2M
Free Cash Flow
IRWD
IRWD
REI
REI
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
REI
REI
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
REI
REI
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
REI
REI
Q4 25
Q3 25
1.19×
Q2 25
-0.64×
1.61×
Q1 25
3.11×
Q4 24
6.74×
Q3 24
2.71×
1.52×
Q2 24
2.26×
Q1 24
8.19×

Financial Flow Comparison

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

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