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Side-by-side financial comparison of IRONWOOD PHARMACEUTICALS INC (IRWD) and Third Coast Bancshares, Inc. (TCBX). Click either name above to swap in a different company.

Third Coast Bancshares, Inc. is the larger business by last-quarter revenue ($57.7M vs $47.7M, roughly 1.2× IRONWOOD PHARMACEUTICALS INC). Third Coast Bancshares, Inc. runs the higher net margin — 28.4% vs -4.8%, a 33.1% gap on every dollar of revenue. Over the past eight quarters, Third Coast Bancshares, Inc.'s revenue compounded faster (17.5% CAGR vs -20.2%).

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

Third Coast Bancshares, Inc. is a regional financial holding company headquartered in the U.S. Gulf Coast region. It provides a full suite of commercial and retail banking services including deposit products, business and consumer loans, mortgage services, and wealth management solutions, serving local small and medium-sized enterprises, individual consumers, and community clients across Texas and surrounding areas.

IRWD vs TCBX — Head-to-Head

Bigger by revenue
TCBX
TCBX
1.2× larger
TCBX
$57.7M
$47.7M
IRWD
Higher net margin
TCBX
TCBX
33.1% more per $
TCBX
28.4%
-4.8%
IRWD
Faster 2-yr revenue CAGR
TCBX
TCBX
Annualised
TCBX
17.5%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IRWD
IRWD
TCBX
TCBX
Revenue
$47.7M
$57.7M
Net Profit
$-2.3M
$16.4M
Gross Margin
Operating Margin
14.3%
Net Margin
-4.8%
28.4%
Revenue YoY
-47.3%
Net Profit YoY
-200.9%
20.5%
EPS (diluted)
$0.01
$0.88

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
TCBX
TCBX
Q1 26
$57.7M
Q4 25
$47.7M
$56.5M
Q3 25
$122.1M
$54.5M
Q2 25
$85.2M
$52.0M
Q1 25
$41.1M
$45.9M
Q4 24
$90.5M
$46.3M
Q3 24
$91.6M
$42.9M
Q2 24
$94.4M
$41.7M
Net Profit
IRWD
IRWD
TCBX
TCBX
Q1 26
$16.4M
Q4 25
$-2.3M
$17.9M
Q3 25
$40.1M
$18.1M
Q2 25
$23.6M
$16.7M
Q1 25
$-37.4M
$13.6M
Q4 24
$2.3M
$13.7M
Q3 24
$3.6M
$12.8M
Q2 24
$-860.0K
$10.8M
Operating Margin
IRWD
IRWD
TCBX
TCBX
Q1 26
Q4 25
14.3%
38.1%
Q3 25
61.8%
41.9%
Q2 25
53.2%
40.5%
Q1 25
-70.7%
37.8%
Q4 24
34.8%
38.7%
Q3 24
28.0%
37.9%
Q2 24
26.5%
34.1%
Net Margin
IRWD
IRWD
TCBX
TCBX
Q1 26
28.4%
Q4 25
-4.8%
31.7%
Q3 25
32.8%
33.1%
Q2 25
27.7%
32.2%
Q1 25
-90.9%
29.6%
Q4 24
2.5%
29.7%
Q3 24
4.0%
29.8%
Q2 24
-0.9%
25.9%
EPS (diluted)
IRWD
IRWD
TCBX
TCBX
Q1 26
$0.88
Q4 25
$0.01
$1.02
Q3 25
$0.23
$1.03
Q2 25
$0.14
$0.96
Q1 25
$-0.23
$0.78
Q4 24
$0.03
$0.80
Q3 24
$0.02
$0.74
Q2 24
$-0.01
$0.63

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
TCBX
TCBX
Cash + ST InvestmentsLiquidity on hand
$215.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$-261.8M
$650.5M
Total Assets
$396.9M
$6.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
TCBX
TCBX
Q1 26
Q4 25
$215.5M
$175.2M
Q3 25
$140.4M
$116.4M
Q2 25
$92.9M
$113.1M
Q1 25
$108.5M
$219.0M
Q4 24
$88.6M
$371.2M
Q3 24
$88.2M
$258.2M
Q2 24
$105.5M
$241.8M
Total Debt
IRWD
IRWD
TCBX
TCBX
Q1 26
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
Stockholders' Equity
IRWD
IRWD
TCBX
TCBX
Q1 26
$650.5M
Q4 25
$-261.8M
$531.0M
Q3 25
$-264.2M
$513.8M
Q2 25
$-308.2M
$496.1M
Q1 25
$-334.1M
$479.8M
Q4 24
$-301.3M
$460.7M
Q3 24
$-311.3M
$450.5M
Q2 24
$-321.7M
$435.0M
Total Assets
IRWD
IRWD
TCBX
TCBX
Q1 26
$6.6B
Q4 25
$396.9M
$5.3B
Q3 25
$396.1M
$5.1B
Q2 25
$342.9M
$4.9B
Q1 25
$327.2M
$4.9B
Q4 24
$350.9M
$4.9B
Q3 24
$389.5M
$4.6B
Q2 24
$395.6M
$4.5B

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
TCBX
TCBX
Operating Cash FlowLast quarter
$74.6M
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
TCBX
TCBX
Q1 26
Q4 25
$74.6M
$50.8M
Q3 25
$47.6M
$20.7M
Q2 25
$-15.1M
$13.9M
Q1 25
$20.0M
$10.5M
Q4 24
$15.2M
$35.1M
Q3 24
$9.9M
$22.0M
Q2 24
$33.5M
$7.3M
Free Cash Flow
IRWD
IRWD
TCBX
TCBX
Q1 26
Q4 25
$74.6M
Q3 25
$47.6M
Q2 25
$-15.1M
Q1 25
$19.9M
Q4 24
$33.4M
Q3 24
$9.9M
Q2 24
$33.4M
FCF Margin
IRWD
IRWD
TCBX
TCBX
Q1 26
Q4 25
156.3%
Q3 25
39.0%
Q2 25
-17.7%
Q1 25
48.4%
Q4 24
72.1%
Q3 24
10.8%
Q2 24
35.4%
Capex Intensity
IRWD
IRWD
TCBX
TCBX
Q1 26
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
3.8%
Q3 24
0.0%
Q2 24
0.1%
Cash Conversion
IRWD
IRWD
TCBX
TCBX
Q1 26
Q4 25
2.84×
Q3 25
1.19×
1.15×
Q2 25
-0.64×
0.83×
Q1 25
0.77×
Q4 24
6.74×
2.56×
Q3 24
2.71×
1.72×
Q2 24
0.68×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IRWD
IRWD

Segment breakdown not available.

TCBX
TCBX

Net Interest Income$53.6M93%
Noninterest Income$4.0M7%

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