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Side-by-side financial comparison of IRONWOOD PHARMACEUTICALS INC (IRWD) and WASHINGTON TRUST BANCORP INC (WASH). Click either name above to swap in a different company.

WASHINGTON TRUST BANCORP INC is the larger business by last-quarter revenue ($57.8M vs $47.7M, roughly 1.2× IRONWOOD PHARMACEUTICALS INC). WASHINGTON TRUST BANCORP INC runs the higher net margin — 21.8% vs -4.8%, a 26.6% gap on every dollar of revenue. Over the past eight quarters, WASHINGTON TRUST BANCORP INC's revenue compounded faster (9.5% CAGR vs -20.2%).

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

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

IRWD vs WASH — Head-to-Head

Bigger by revenue
WASH
WASH
1.2× larger
WASH
$57.8M
$47.7M
IRWD
Higher net margin
WASH
WASH
26.6% more per $
WASH
21.8%
-4.8%
IRWD
Faster 2-yr revenue CAGR
WASH
WASH
Annualised
WASH
9.5%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IRWD
IRWD
WASH
WASH
Revenue
$47.7M
$57.8M
Net Profit
$-2.3M
$12.6M
Gross Margin
Operating Margin
14.3%
Net Margin
-4.8%
21.8%
Revenue YoY
-47.3%
Net Profit YoY
-200.9%
3.5%
EPS (diluted)
$0.01
$0.66

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
WASH
WASH
Q1 26
$57.8M
Q4 25
$47.7M
$59.3M
Q3 25
$122.1M
$56.5M
Q2 25
$85.2M
$54.3M
Q1 25
$41.1M
$59.1M
Q4 24
$90.5M
$12.4M
Q3 24
$91.6M
$48.5M
Q2 24
$94.4M
$48.2M
Net Profit
IRWD
IRWD
WASH
WASH
Q1 26
$12.6M
Q4 25
$-2.3M
$16.0M
Q3 25
$40.1M
$10.8M
Q2 25
$23.6M
$13.2M
Q1 25
$-37.4M
$12.2M
Q4 24
$2.3M
$-60.8M
Q3 24
$3.6M
$11.0M
Q2 24
$-860.0K
$10.8M
Operating Margin
IRWD
IRWD
WASH
WASH
Q1 26
Q4 25
14.3%
34.9%
Q3 25
61.8%
24.7%
Q2 25
53.2%
31.6%
Q1 25
-70.7%
26.5%
Q4 24
34.8%
-648.7%
Q3 24
28.0%
28.5%
Q2 24
26.5%
28.7%
Net Margin
IRWD
IRWD
WASH
WASH
Q1 26
21.8%
Q4 25
-4.8%
27.0%
Q3 25
32.8%
19.2%
Q2 25
27.7%
24.4%
Q1 25
-90.9%
20.6%
Q4 24
2.5%
-491.4%
Q3 24
4.0%
22.6%
Q2 24
-0.9%
22.4%
EPS (diluted)
IRWD
IRWD
WASH
WASH
Q1 26
$0.66
Q4 25
$0.01
$0.84
Q3 25
$0.23
$0.56
Q2 25
$0.14
$0.68
Q1 25
$-0.23
$0.63
Q4 24
$0.03
$-3.54
Q3 24
$0.02
$0.64
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
WASH
WASH
Cash + ST InvestmentsLiquidity on hand
$215.5M
$12.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-261.8M
$546.8M
Total Assets
$396.9M
$6.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
WASH
WASH
Q1 26
$12.3M
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
Total Debt
IRWD
IRWD
WASH
WASH
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
WASH
WASH
Q1 26
$546.8M
Q4 25
$-261.8M
$543.6M
Q3 25
$-264.2M
$533.0M
Q2 25
$-308.2M
$527.5M
Q1 25
$-334.1M
$521.7M
Q4 24
$-301.3M
$499.7M
Q3 24
$-311.3M
$502.2M
Q2 24
$-321.7M
$471.0M
Total Assets
IRWD
IRWD
WASH
WASH
Q1 26
$6.5B
Q4 25
$396.9M
$6.6B
Q3 25
$396.1M
$6.7B
Q2 25
$342.9M
$6.7B
Q1 25
$327.2M
$6.6B
Q4 24
$350.9M
$6.9B
Q3 24
$389.5M
$7.1B
Q2 24
$395.6M
$7.2B

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
WASH
WASH
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
WASH
WASH
Q1 26
Q4 25
$74.6M
$80.3M
Q3 25
$47.6M
$39.6M
Q2 25
$-15.1M
$11.3M
Q1 25
$20.0M
$8.4M
Q4 24
$15.2M
$57.7M
Q3 24
$9.9M
$25.7M
Q2 24
$33.5M
$11.2M
Free Cash Flow
IRWD
IRWD
WASH
WASH
Q1 26
Q4 25
$74.6M
$78.3M
Q3 25
$47.6M
$39.3M
Q2 25
$-15.1M
$10.9M
Q1 25
$19.9M
$8.4M
Q4 24
$53.7M
Q3 24
$9.9M
$24.4M
Q2 24
$33.4M
$9.6M
FCF Margin
IRWD
IRWD
WASH
WASH
Q1 26
Q4 25
156.3%
132.2%
Q3 25
39.0%
69.6%
Q2 25
-17.7%
20.2%
Q1 25
48.4%
14.2%
Q4 24
433.8%
Q3 24
10.8%
50.4%
Q2 24
35.4%
19.8%
Capex Intensity
IRWD
IRWD
WASH
WASH
Q1 26
Q4 25
0.0%
3.4%
Q3 25
0.0%
0.6%
Q2 25
0.0%
0.7%
Q1 25
0.1%
0.1%
Q4 24
0.0%
32.3%
Q3 24
0.0%
2.6%
Q2 24
0.1%
3.4%
Cash Conversion
IRWD
IRWD
WASH
WASH
Q1 26
Q4 25
5.03×
Q3 25
1.19×
3.65×
Q2 25
-0.64×
0.86×
Q1 25
0.69×
Q4 24
6.74×
Q3 24
2.71×
2.34×
Q2 24
1.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IRWD
IRWD

Segment breakdown not available.

WASH
WASH

Net Interest Income$40.5M70%
Noninterest Income$17.3M30%

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