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Side-by-side financial comparison of IRONWOOD PHARMACEUTICALS INC (IRWD) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.

SHENANDOAH TELECOMMUNICATIONS CO is the larger business by last-quarter revenue ($91.6M vs $47.7M, roughly 1.9× IRONWOOD PHARMACEUTICALS INC). IRONWOOD PHARMACEUTICALS INC runs the higher net margin — -4.8% vs -5.9%, a 1.1% gap on every dollar of revenue. On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs -20.2%).

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

Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.

IRWD vs SHEN — Head-to-Head

Bigger by revenue
SHEN
SHEN
1.9× larger
SHEN
$91.6M
$47.7M
IRWD
Growing faster (revenue YoY)
SHEN
SHEN
+54.5% gap
SHEN
7.2%
-47.3%
IRWD
Higher net margin
IRWD
IRWD
1.1% more per $
IRWD
-4.8%
-5.9%
SHEN
More free cash flow
IRWD
IRWD
$153.2M more FCF
IRWD
$74.6M
$-78.6M
SHEN
Faster 2-yr revenue CAGR
SHEN
SHEN
Annualised
SHEN
15.0%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IRWD
IRWD
SHEN
SHEN
Revenue
$47.7M
$91.6M
Net Profit
$-2.3M
$-5.4M
Gross Margin
Operating Margin
14.3%
-1.0%
Net Margin
-4.8%
-5.9%
Revenue YoY
-47.3%
7.2%
Net Profit YoY
-200.9%
-95.8%
EPS (diluted)
$0.01
$-0.13

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
SHEN
SHEN
Q4 25
$47.7M
$91.6M
Q3 25
$122.1M
$89.8M
Q2 25
$85.2M
$88.6M
Q1 25
$41.1M
$87.9M
Q4 24
$90.5M
$85.4M
Q3 24
$91.6M
$87.6M
Q2 24
$94.4M
$85.8M
Q1 24
$74.9M
$69.2M
Net Profit
IRWD
IRWD
SHEN
SHEN
Q4 25
$-2.3M
$-5.4M
Q3 25
$40.1M
$-9.4M
Q2 25
$23.6M
$-9.0M
Q1 25
$-37.4M
$-9.1M
Q4 24
$2.3M
$-2.7M
Q3 24
$3.6M
$-5.3M
Q2 24
$-860.0K
$-12.9M
Q1 24
$-4.2M
$214.7M
Operating Margin
IRWD
IRWD
SHEN
SHEN
Q4 25
14.3%
-1.0%
Q3 25
61.8%
-8.0%
Q2 25
53.2%
-10.3%
Q1 25
-70.7%
-6.9%
Q4 24
34.8%
-6.7%
Q3 24
28.0%
-4.8%
Q2 24
26.5%
-18.5%
Q1 24
14.7%
-4.0%
Net Margin
IRWD
IRWD
SHEN
SHEN
Q4 25
-4.8%
-5.9%
Q3 25
32.8%
-10.5%
Q2 25
27.7%
-10.2%
Q1 25
-90.9%
-10.4%
Q4 24
2.5%
-3.2%
Q3 24
4.0%
-6.0%
Q2 24
-0.9%
-15.0%
Q1 24
-5.6%
310.0%
EPS (diluted)
IRWD
IRWD
SHEN
SHEN
Q4 25
$0.01
$-0.13
Q3 25
$0.23
$-0.20
Q2 25
$0.14
$-0.19
Q1 25
$-0.23
$-0.19
Q4 24
$0.03
$-0.34
Q3 24
$0.02
$-0.13
Q2 24
$-0.01
$-0.24
Q1 24
$-0.03
$4.25

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
SHEN
SHEN
Cash + ST InvestmentsLiquidity on hand
$215.5M
$27.3M
Total DebtLower is stronger
$642.4M
Stockholders' EquityBook value
$-261.8M
$880.8M
Total Assets
$396.9M
$1.9B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
SHEN
SHEN
Q4 25
$215.5M
$27.3M
Q3 25
$140.4M
$22.6M
Q2 25
$92.9M
$29.1M
Q1 25
$108.5M
$87.5M
Q4 24
$88.6M
$46.3M
Q3 24
$88.2M
$43.1M
Q2 24
$105.5M
$43.8M
Q1 24
$121.5M
$389.7M
Total Debt
IRWD
IRWD
SHEN
SHEN
Q4 25
$642.4M
Q3 25
$199.5M
$535.4M
Q2 25
$199.3M
$513.1M
Q1 25
$199.2M
$515.8M
Q4 24
$199.0M
$418.0M
Q3 24
$198.8M
$345.2M
Q2 24
$198.6M
$297.4M
Q1 24
$398.3M
$298.7M
Stockholders' Equity
IRWD
IRWD
SHEN
SHEN
Q4 25
$-261.8M
$880.8M
Q3 25
$-264.2M
$892.7M
Q2 25
$-308.2M
$902.0M
Q1 25
$-334.1M
$910.5M
Q4 24
$-301.3M
$918.6M
Q3 24
$-311.3M
$925.4M
Q2 24
$-321.7M
$933.1M
Q1 24
$-330.5M
$871.6M
Total Assets
IRWD
IRWD
SHEN
SHEN
Q4 25
$396.9M
$1.9B
Q3 25
$396.1M
$1.9B
Q2 25
$342.9M
$1.8B
Q1 25
$327.2M
$1.8B
Q4 24
$350.9M
$1.7B
Q3 24
$389.5M
$1.7B
Q2 24
$395.6M
$1.7B
Q1 24
$438.8M
$1.4B
Debt / Equity
IRWD
IRWD
SHEN
SHEN
Q4 25
0.73×
Q3 25
0.60×
Q2 25
0.57×
Q1 25
0.57×
Q4 24
0.46×
Q3 24
0.37×
Q2 24
0.32×
Q1 24
0.34×

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
SHEN
SHEN
Operating Cash FlowLast quarter
$74.6M
$28.8M
Free Cash FlowOCF − Capex
$74.6M
$-78.6M
FCF MarginFCF / Revenue
156.3%
-85.8%
Capex IntensityCapex / Revenue
0.0%
117.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$127.0M
$-257.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRWD
IRWD
SHEN
SHEN
Q4 25
$74.6M
$28.8M
Q3 25
$47.6M
$30.7M
Q2 25
$-15.1M
$20.9M
Q1 25
$20.0M
$20.5M
Q4 24
$15.2M
$20.6M
Q3 24
$9.9M
$24.3M
Q2 24
$33.5M
$2.5M
Q1 24
$45.0M
$15.2M
Free Cash Flow
IRWD
IRWD
SHEN
SHEN
Q4 25
$74.6M
$-78.6M
Q3 25
$47.6M
$-51.4M
Q2 25
$-15.1M
$-65.3M
Q1 25
$19.9M
$-62.7M
Q4 24
$-72.0M
Q3 24
$9.9M
$-51.3M
Q2 24
$33.4M
$-78.3M
Q1 24
$44.9M
$-54.9M
FCF Margin
IRWD
IRWD
SHEN
SHEN
Q4 25
156.3%
-85.8%
Q3 25
39.0%
-57.2%
Q2 25
-17.7%
-73.7%
Q1 25
48.4%
-71.3%
Q4 24
-84.3%
Q3 24
10.8%
-58.5%
Q2 24
35.4%
-91.3%
Q1 24
60.0%
-79.3%
Capex Intensity
IRWD
IRWD
SHEN
SHEN
Q4 25
0.0%
117.2%
Q3 25
0.0%
91.4%
Q2 25
0.0%
97.3%
Q1 25
0.1%
94.7%
Q4 24
0.0%
108.4%
Q3 24
0.0%
86.2%
Q2 24
0.1%
94.2%
Q1 24
0.1%
101.2%
Cash Conversion
IRWD
IRWD
SHEN
SHEN
Q4 25
Q3 25
1.19×
Q2 25
-0.64×
Q1 25
Q4 24
6.74×
Q3 24
2.71×
Q2 24
Q1 24
0.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IRWD
IRWD

Segment breakdown not available.

SHEN
SHEN

Residential And SMB Incumbent Broadband$41.5M45%
Residential And SMB Glo Fiber Expansion Markets$23.0M25%
Commercial Fiber$20.3M22%
RLEC Other$6.8M7%

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