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Side-by-side financial comparison of IRONWOOD PHARMACEUTICALS INC (IRWD) and SmartStop Self Storage REIT, Inc. (SMA). Click either name above to swap in a different company.

SmartStop Self Storage REIT, Inc. is the larger business by last-quarter revenue ($78.4M vs $47.7M, roughly 1.6× IRONWOOD PHARMACEUTICALS INC). SmartStop Self Storage REIT, Inc. runs the higher net margin — 3.8% vs -4.8%, a 8.6% gap on every dollar of revenue. On growth, SmartStop Self Storage REIT, Inc. posted the faster year-over-year revenue change (29.4% vs -47.3%). Over the past eight quarters, SmartStop Self Storage REIT, Inc.'s revenue compounded faster (17.3% CAGR vs -20.2%).

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

SmartStop Self Storage REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality self-storage properties. Its portfolio covers multiple U.S. states and Canadian provinces, offering secure, flexible storage solutions for residential customers storing personal belongings and commercial clients storing inventory or seasonal goods.

IRWD vs SMA — Head-to-Head

Bigger by revenue
SMA
SMA
1.6× larger
SMA
$78.4M
$47.7M
IRWD
Growing faster (revenue YoY)
SMA
SMA
+76.7% gap
SMA
29.4%
-47.3%
IRWD
Higher net margin
SMA
SMA
8.6% more per $
SMA
3.8%
-4.8%
IRWD
Faster 2-yr revenue CAGR
SMA
SMA
Annualised
SMA
17.3%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IRWD
IRWD
SMA
SMA
Revenue
$47.7M
$78.4M
Net Profit
$-2.3M
$3.0M
Gross Margin
61.2%
Operating Margin
14.3%
24.0%
Net Margin
-4.8%
3.8%
Revenue YoY
-47.3%
29.4%
Net Profit YoY
-200.9%
2080.0%
EPS (diluted)
$0.01

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
SMA
SMA
Q4 25
$47.7M
$78.4M
Q3 25
$122.1M
$70.4M
Q2 25
$85.2M
$66.8M
Q1 25
$41.1M
$65.4M
Q4 24
$90.5M
$60.6M
Q3 24
$91.6M
$60.2M
Q2 24
$94.4M
$59.2M
Q1 24
$74.9M
$57.0M
Net Profit
IRWD
IRWD
SMA
SMA
Q4 25
$-2.3M
$3.0M
Q3 25
$40.1M
$5.2M
Q2 25
$23.6M
$-4.8M
Q1 25
$-37.4M
$-5.5M
Q4 24
$2.3M
$-150.0K
Q3 24
$3.6M
$-6.2M
Q2 24
$-860.0K
$-705.0K
Q1 24
$-4.2M
$-1.6M
Gross Margin
IRWD
IRWD
SMA
SMA
Q4 25
61.2%
Q3 25
60.9%
Q2 25
59.3%
Q1 25
64.1%
Q4 24
66.3%
Q3 24
64.8%
Q2 24
66.4%
Q1 24
65.1%
Operating Margin
IRWD
IRWD
SMA
SMA
Q4 25
14.3%
24.0%
Q3 25
61.8%
18.1%
Q2 25
53.2%
15.4%
Q1 25
-70.7%
26.3%
Q4 24
34.8%
29.4%
Q3 24
28.0%
29.4%
Q2 24
26.5%
29.9%
Q1 24
14.7%
28.0%
Net Margin
IRWD
IRWD
SMA
SMA
Q4 25
-4.8%
3.8%
Q3 25
32.8%
7.4%
Q2 25
27.7%
-7.2%
Q1 25
-90.9%
-8.3%
Q4 24
2.5%
-0.2%
Q3 24
4.0%
-10.3%
Q2 24
-0.9%
-1.2%
Q1 24
-5.6%
-2.9%
EPS (diluted)
IRWD
IRWD
SMA
SMA
Q4 25
$0.01
Q3 25
$0.23
$0.09
Q2 25
$0.14
$-0.16
Q1 25
$-0.23
$-0.35
Q4 24
$0.03
Q3 24
$0.02
$-0.26
Q2 24
$-0.01
$-0.16
Q1 24
$-0.03
$-0.20

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
SMA
SMA
Cash + ST InvestmentsLiquidity on hand
$215.5M
$54.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$-261.8M
$1.2B
Total Assets
$396.9M
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
SMA
SMA
Q4 25
$215.5M
$54.2M
Q3 25
$140.4M
$47.8M
Q2 25
$92.9M
$37.7M
Q1 25
$108.5M
$35.2M
Q4 24
$88.6M
$23.1M
Q3 24
$88.2M
$36.7M
Q2 24
$105.5M
$34.7M
Q1 24
$121.5M
$39.2M
Total Debt
IRWD
IRWD
SMA
SMA
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
SMA
SMA
Q4 25
$-261.8M
$1.2B
Q3 25
$-264.2M
$1.2B
Q2 25
$-308.2M
$1.2B
Q1 25
$-334.1M
$303.0M
Q4 24
$-301.3M
$325.7M
Q3 24
$-311.3M
$343.9M
Q2 24
$-321.7M
$365.8M
Q1 24
$-330.5M
$384.8M
Total Assets
IRWD
IRWD
SMA
SMA
Q4 25
$396.9M
$2.4B
Q3 25
$396.1M
$2.4B
Q2 25
$342.9M
$2.3B
Q1 25
$327.2M
$2.1B
Q4 24
$350.9M
$2.0B
Q3 24
$389.5M
$1.9B
Q2 24
$395.6M
$1.9B
Q1 24
$438.8M
$1.9B

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
SMA
SMA
Operating Cash FlowLast quarter
$74.6M
$85.0M
Free Cash FlowOCF − Capex
$74.6M
FCF MarginFCF / Revenue
156.3%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
28.61×
TTM Free Cash FlowTrailing 4 quarters
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRWD
IRWD
SMA
SMA
Q4 25
$74.6M
$85.0M
Q3 25
$47.6M
$52.1M
Q2 25
$-15.1M
$8.0M
Q1 25
$20.0M
$10.6M
Q4 24
$15.2M
$64.0M
Q3 24
$9.9M
$21.7M
Q2 24
$33.5M
$17.3M
Q1 24
$45.0M
$14.4M
Free Cash Flow
IRWD
IRWD
SMA
SMA
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
SMA
SMA
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
SMA
SMA
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
SMA
SMA
Q4 25
28.61×
Q3 25
1.19×
9.96×
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.

SMA
SMA

Self Storage Rental Revenue$62.0M79%
Other$11.9M15%
Ancillary Operating Revenue$2.9M4%
Asset Management1$1.7M2%

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