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Side-by-side financial comparison of IRONWOOD PHARMACEUTICALS INC (IRWD) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
Target Hospitality Corp. is the larger business by last-quarter revenue ($73.5M vs $47.7M, roughly 1.5× IRONWOOD PHARMACEUTICALS INC). IRONWOOD PHARMACEUTICALS INC runs the higher net margin — -4.8% vs -20.3%, a 15.6% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs -47.3%). Over the past eight quarters, Target Hospitality Corp.'s revenue compounded faster (0.7% CAGR vs -20.2%).
Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
IRWD vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $47.7M | $73.5M |
| Net Profit | $-2.3M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | 14.3% | -22.9% |
| Net Margin | -4.8% | -20.3% |
| Revenue YoY | -47.3% | 22.0% |
| Net Profit YoY | -200.9% | -219.1% |
| EPS (diluted) | $0.01 | $-0.14 |
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.
| Q4 25 | $47.7M | $73.5M | ||
| Q3 25 | $122.1M | $91.6M | ||
| Q2 25 | $85.2M | $54.9M | ||
| Q1 25 | $41.1M | $54.9M | ||
| Q4 24 | $90.5M | $60.2M | ||
| Q3 24 | $91.6M | $65.8M | ||
| Q2 24 | $94.4M | $67.5M | ||
| Q1 24 | $74.9M | $72.4M |
| Q4 25 | $-2.3M | $-14.9M | ||
| Q3 25 | $40.1M | $-795.0K | ||
| Q2 25 | $23.6M | $-14.9M | ||
| Q1 25 | $-37.4M | $-6.5M | ||
| Q4 24 | $2.3M | $12.5M | ||
| Q3 24 | $3.6M | $20.0M | ||
| Q2 24 | $-860.0K | $18.4M | ||
| Q1 24 | $-4.2M | $20.4M |
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | -0.6% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 61.5% | ||
| Q3 24 | — | 68.7% | ||
| Q2 24 | — | 69.4% | ||
| Q1 24 | — | 67.8% |
| Q4 25 | 14.3% | -22.9% | ||
| Q3 25 | 61.8% | 0.1% | ||
| Q2 25 | 53.2% | -30.8% | ||
| Q1 25 | -70.7% | -2.0% | ||
| Q4 24 | 34.8% | 34.5% | ||
| Q3 24 | 28.0% | 42.5% | ||
| Q2 24 | 26.5% | 43.8% | ||
| Q1 24 | 14.7% | 42.0% |
| Q4 25 | -4.8% | -20.3% | ||
| Q3 25 | 32.8% | -0.9% | ||
| Q2 25 | 27.7% | -27.2% | ||
| Q1 25 | -90.9% | -11.8% | ||
| Q4 24 | 2.5% | 20.8% | ||
| Q3 24 | 4.0% | 30.4% | ||
| Q2 24 | -0.9% | 27.2% | ||
| Q1 24 | -5.6% | 28.2% |
| Q4 25 | $0.01 | $-0.14 | ||
| Q3 25 | $0.23 | $-0.01 | ||
| Q2 25 | $0.14 | $-0.15 | ||
| Q1 25 | $-0.23 | $-0.07 | ||
| Q4 24 | $0.03 | $0.12 | ||
| Q3 24 | $0.02 | $0.20 | ||
| Q2 24 | $-0.01 | $0.18 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $215.5M | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $-261.8M | $389.3M |
| Total Assets | $396.9M | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $215.5M | $8.3M | ||
| Q3 25 | $140.4M | $30.4M | ||
| Q2 25 | $92.9M | $19.2M | ||
| Q1 25 | $108.5M | $34.5M | ||
| Q4 24 | $88.6M | $190.7M | ||
| Q3 24 | $88.2M | $177.7M | ||
| Q2 24 | $105.5M | $154.3M | ||
| Q1 24 | $121.5M | $124.3M |
| Q4 25 | — | $1.7M | ||
| Q3 25 | $199.5M | $2.0M | ||
| Q2 25 | $199.3M | $26.3M | ||
| Q1 25 | $199.2M | $42.9M | ||
| Q4 24 | $199.0M | $1.5M | ||
| Q3 24 | $198.8M | $994.0K | ||
| Q2 24 | $198.6M | $1.1M | ||
| Q1 24 | $398.3M | $179.9M |
| Q4 25 | $-261.8M | $389.3M | ||
| Q3 25 | $-264.2M | $402.4M | ||
| Q2 25 | $-308.2M | $401.3M | ||
| Q1 25 | $-334.1M | $415.3M | ||
| Q4 24 | $-301.3M | $421.1M | ||
| Q3 24 | $-311.3M | $417.6M | ||
| Q2 24 | $-321.7M | $397.2M | ||
| Q1 24 | $-330.5M | $375.5M |
| Q4 25 | $396.9M | $530.2M | ||
| Q3 25 | $396.1M | $541.2M | ||
| Q2 25 | $342.9M | $533.7M | ||
| Q1 25 | $327.2M | $562.5M | ||
| Q4 24 | $350.9M | $725.8M | ||
| Q3 24 | $389.5M | $709.8M | ||
| Q2 24 | $395.6M | $697.0M | ||
| Q1 24 | $438.8M | $687.2M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.48× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $74.6M | $5.7M |
| 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.
| Q4 25 | $74.6M | $5.7M | ||
| Q3 25 | $47.6M | $53.4M | ||
| Q2 25 | $-15.1M | $11.1M | ||
| Q1 25 | $20.0M | $3.9M | ||
| Q4 24 | $15.2M | $30.6M | ||
| Q3 24 | $9.9M | $31.4M | ||
| Q2 24 | $33.5M | $39.1M | ||
| Q1 24 | $45.0M | $50.6M |
| Q4 25 | $74.6M | — | ||
| Q3 25 | $47.6M | — | ||
| Q2 25 | $-15.1M | — | ||
| Q1 25 | $19.9M | $-11.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | $9.9M | — | ||
| Q2 24 | $33.4M | — | ||
| Q1 24 | $44.9M | — |
| Q4 25 | 156.3% | — | ||
| Q3 25 | 39.0% | — | ||
| Q2 25 | -17.7% | — | ||
| Q1 25 | 48.4% | -21.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | 10.8% | — | ||
| Q2 24 | 35.4% | — | ||
| Q1 24 | 60.0% | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.1% | 28.2% | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | — | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | -0.64× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.74× | 2.44× | ||
| Q3 24 | 2.71× | 1.57× | ||
| Q2 24 | — | 2.13× | ||
| Q1 24 | — | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IRWD
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
