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Side-by-side financial comparison of IRONWOOD PHARMACEUTICALS INC (IRWD) and WESTAMERICA BANCORPORATION (WABC). Click either name above to swap in a different company.

WESTAMERICA BANCORPORATION is the larger business by last-quarter revenue ($63.3M vs $47.7M, roughly 1.3× IRONWOOD PHARMACEUTICALS INC). WESTAMERICA BANCORPORATION runs the higher net margin — 43.9% vs -4.8%, a 48.7% gap on every dollar of revenue. On growth, WESTAMERICA BANCORPORATION posted the faster year-over-year revenue change (-9.0% vs -47.3%). WESTAMERICA BANCORPORATION produced more free cash flow last quarter ($119.7M vs $74.6M). Over the past eight quarters, WESTAMERICA BANCORPORATION's revenue compounded faster (-8.6% CAGR vs -20.2%).

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

Westamerica Bancorporation is a regional bank holding company headquartered in California, U.S. It operates via its wholly owned banking subsidiary to provide full-spectrum retail and commercial banking services, including deposit products, business and consumer loans, wealth management, and payment services, primarily serving individual consumers, SMEs and local institutional clients in northern and central California.

IRWD vs WABC — Head-to-Head

Bigger by revenue
WABC
WABC
1.3× larger
WABC
$63.3M
$47.7M
IRWD
Growing faster (revenue YoY)
WABC
WABC
+38.3% gap
WABC
-9.0%
-47.3%
IRWD
Higher net margin
WABC
WABC
48.7% more per $
WABC
43.9%
-4.8%
IRWD
More free cash flow
WABC
WABC
$45.1M more FCF
WABC
$119.7M
$74.6M
IRWD
Faster 2-yr revenue CAGR
WABC
WABC
Annualised
WABC
-8.6%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IRWD
IRWD
WABC
WABC
Revenue
$47.7M
$63.3M
Net Profit
$-2.3M
$27.8M
Gross Margin
Operating Margin
14.3%
59.8%
Net Margin
-4.8%
43.9%
Revenue YoY
-47.3%
-9.0%
Net Profit YoY
-200.9%
-12.3%
EPS (diluted)
$0.01
$1.12

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
WABC
WABC
Q4 25
$47.7M
$63.3M
Q3 25
$122.1M
$63.7M
Q2 25
$85.2M
$64.6M
Q1 25
$41.1M
$66.4M
Q4 24
$90.5M
$69.6M
Q3 24
$91.6M
$74.1M
Q2 24
$94.4M
$74.3M
Q1 24
$74.9M
$75.8M
Net Profit
IRWD
IRWD
WABC
WABC
Q4 25
$-2.3M
$27.8M
Q3 25
$40.1M
$28.3M
Q2 25
$23.6M
$29.1M
Q1 25
$-37.4M
$31.0M
Q4 24
$2.3M
$31.7M
Q3 24
$3.6M
$35.1M
Q2 24
$-860.0K
$35.5M
Q1 24
$-4.2M
$36.4M
Operating Margin
IRWD
IRWD
WABC
WABC
Q4 25
14.3%
59.8%
Q3 25
61.8%
59.5%
Q2 25
53.2%
60.5%
Q1 25
-70.7%
63.0%
Q4 24
34.8%
62.8%
Q3 24
28.0%
64.5%
Q2 24
26.5%
64.8%
Q1 24
14.7%
65.2%
Net Margin
IRWD
IRWD
WABC
WABC
Q4 25
-4.8%
43.9%
Q3 25
32.8%
44.3%
Q2 25
27.7%
45.0%
Q1 25
-90.9%
46.7%
Q4 24
2.5%
45.6%
Q3 24
4.0%
47.3%
Q2 24
-0.9%
47.8%
Q1 24
-5.6%
48.0%
EPS (diluted)
IRWD
IRWD
WABC
WABC
Q4 25
$0.01
$1.12
Q3 25
$0.23
$1.12
Q2 25
$0.14
$1.12
Q1 25
$-0.23
$1.16
Q4 24
$0.03
$1.19
Q3 24
$0.02
$1.31
Q2 24
$-0.01
$1.33
Q1 24
$-0.03
$1.37

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
WABC
WABC
Cash + ST InvestmentsLiquidity on hand
$215.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$-261.8M
$933.5M
Total Assets
$396.9M
$6.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
WABC
WABC
Q4 25
$215.5M
Q3 25
$140.4M
Q2 25
$92.9M
Q1 25
$108.5M
Q4 24
$88.6M
Q3 24
$88.2M
Q2 24
$105.5M
Q1 24
$121.5M
Total Debt
IRWD
IRWD
WABC
WABC
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
WABC
WABC
Q4 25
$-261.8M
$933.5M
Q3 25
$-264.2M
$931.6M
Q2 25
$-308.2M
$921.8M
Q1 25
$-334.1M
$923.1M
Q4 24
$-301.3M
$890.0M
Q3 24
$-311.3M
$909.0M
Q2 24
$-321.7M
$815.6M
Q1 24
$-330.5M
$791.7M
Total Assets
IRWD
IRWD
WABC
WABC
Q4 25
$396.9M
$6.0B
Q3 25
$396.1M
$5.9B
Q2 25
$342.9M
$5.8B
Q1 25
$327.2M
$6.0B
Q4 24
$350.9M
$6.1B
Q3 24
$389.5M
$6.2B
Q2 24
$395.6M
$6.3B
Q1 24
$438.8M
$6.5B

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
WABC
WABC
Operating Cash FlowLast quarter
$74.6M
$121.9M
Free Cash FlowOCF − Capex
$74.6M
$119.7M
FCF MarginFCF / Revenue
156.3%
189.0%
Capex IntensityCapex / Revenue
0.0%
3.5%
Cash ConversionOCF / Net Profit
4.38×
TTM Free Cash FlowTrailing 4 quarters
$127.0M
$213.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRWD
IRWD
WABC
WABC
Q4 25
$74.6M
$121.9M
Q3 25
$47.6M
$29.4M
Q2 25
$-15.1M
$23.5M
Q1 25
$20.0M
$42.4M
Q4 24
$15.2M
$141.6M
Q3 24
$9.9M
$40.6M
Q2 24
$33.5M
$19.0M
Q1 24
$45.0M
$52.2M
Free Cash Flow
IRWD
IRWD
WABC
WABC
Q4 25
$74.6M
$119.7M
Q3 25
$47.6M
$28.7M
Q2 25
$-15.1M
$22.8M
Q1 25
$19.9M
$42.2M
Q4 24
$139.8M
Q3 24
$9.9M
$40.1M
Q2 24
$33.4M
$18.6M
Q1 24
$44.9M
$52.1M
FCF Margin
IRWD
IRWD
WABC
WABC
Q4 25
156.3%
189.0%
Q3 25
39.0%
45.1%
Q2 25
-17.7%
35.3%
Q1 25
48.4%
63.5%
Q4 24
201.0%
Q3 24
10.8%
54.1%
Q2 24
35.4%
25.0%
Q1 24
60.0%
68.7%
Capex Intensity
IRWD
IRWD
WABC
WABC
Q4 25
0.0%
3.5%
Q3 25
0.0%
1.1%
Q2 25
0.0%
1.1%
Q1 25
0.1%
0.3%
Q4 24
0.0%
2.5%
Q3 24
0.0%
0.7%
Q2 24
0.1%
0.6%
Q1 24
0.1%
0.2%
Cash Conversion
IRWD
IRWD
WABC
WABC
Q4 25
4.38×
Q3 25
1.19×
1.04×
Q2 25
-0.64×
0.81×
Q1 25
1.37×
Q4 24
6.74×
4.47×
Q3 24
2.71×
1.16×
Q2 24
0.54×
Q1 24
1.43×

Financial Flow Comparison

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

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