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

IRONWOOD PHARMACEUTICALS INC is the larger business by last-quarter revenue ($47.7M vs $43.9M, roughly 1.1× Whitestone REIT). Whitestone REIT runs the higher net margin — 52.0% vs -4.8%, a 56.8% gap on every dollar of revenue. On growth, Whitestone REIT posted the faster year-over-year revenue change (7.5% vs -47.3%). IRONWOOD PHARMACEUTICALS INC produced more free cash flow last quarter ($74.6M vs $50.5M). Over the past eight quarters, Whitestone REIT's revenue compounded faster (8.7% CAGR vs -20.2%).

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

Whitestone REIT is a publicly traded real estate investment trust that acquires, owns, manages and redevelops open-air community shopping centers, primarily located in high-growth metropolitan areas across the southwestern and southeastern United States. Its property portfolio is largely anchored by daily necessity, service-focused retail tenants that cater to regular local consumer demand.

IRWD vs WSR — Head-to-Head

Bigger by revenue
IRWD
IRWD
1.1× larger
IRWD
$47.7M
$43.9M
WSR
Growing faster (revenue YoY)
WSR
WSR
+54.8% gap
WSR
7.5%
-47.3%
IRWD
Higher net margin
WSR
WSR
56.8% more per $
WSR
52.0%
-4.8%
IRWD
More free cash flow
IRWD
IRWD
$24.1M more FCF
IRWD
$74.6M
$50.5M
WSR
Faster 2-yr revenue CAGR
WSR
WSR
Annualised
WSR
8.7%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IRWD
IRWD
WSR
WSR
Revenue
$47.7M
$43.9M
Net Profit
$-2.3M
$22.8M
Gross Margin
Operating Margin
14.3%
53.0%
Net Margin
-4.8%
52.0%
Revenue YoY
-47.3%
7.5%
Net Profit YoY
-200.9%
31.7%
EPS (diluted)
$0.01
$0.43

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
WSR
WSR
Q4 25
$47.7M
$43.9M
Q3 25
$122.1M
$41.0M
Q2 25
$85.2M
$37.9M
Q1 25
$41.1M
$38.0M
Q4 24
$90.5M
$40.8M
Q3 24
$91.6M
$38.6M
Q2 24
$94.4M
$37.6M
Q1 24
$74.9M
$37.2M
Net Profit
IRWD
IRWD
WSR
WSR
Q4 25
$-2.3M
$22.8M
Q3 25
$40.1M
$18.3M
Q2 25
$23.6M
$5.1M
Q1 25
$-37.4M
$3.7M
Q4 24
$2.3M
$17.3M
Q3 24
$3.6M
$7.6M
Q2 24
$-860.0K
$2.6M
Q1 24
$-4.2M
$9.3M
Operating Margin
IRWD
IRWD
WSR
WSR
Q4 25
14.3%
53.0%
Q3 25
61.8%
45.5%
Q2 25
53.2%
13.8%
Q1 25
-70.7%
10.2%
Q4 24
34.8%
43.3%
Q3 24
28.0%
20.3%
Q2 24
26.5%
7.2%
Q1 24
14.7%
25.9%
Net Margin
IRWD
IRWD
WSR
WSR
Q4 25
-4.8%
52.0%
Q3 25
32.8%
44.7%
Q2 25
27.7%
13.3%
Q1 25
-90.9%
9.7%
Q4 24
2.5%
42.5%
Q3 24
4.0%
19.7%
Q2 24
-0.9%
6.9%
Q1 24
-5.6%
25.1%
EPS (diluted)
IRWD
IRWD
WSR
WSR
Q4 25
$0.01
$0.43
Q3 25
$0.23
$0.35
Q2 25
$0.14
$0.10
Q1 25
$-0.23
$0.07
Q4 24
$0.03
$0.34
Q3 24
$0.02
$0.15
Q2 24
$-0.01
$0.05
Q1 24
$-0.03
$0.18

Balance Sheet & Financial Strength

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

Metric
IRWD
IRWD
WSR
WSR
Cash + ST InvestmentsLiquidity on hand
$215.5M
$4.9M
Total DebtLower is stronger
$649.4M
Stockholders' EquityBook value
$-261.8M
$458.1M
Total Assets
$396.9M
$1.2B
Debt / EquityLower = less leverage
1.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRWD
IRWD
WSR
WSR
Q4 25
$215.5M
$4.9M
Q3 25
$140.4M
$6.8M
Q2 25
$92.9M
$5.3M
Q1 25
$108.5M
$5.6M
Q4 24
$88.6M
$5.2M
Q3 24
$88.2M
$2.5M
Q2 24
$105.5M
$3.2M
Q1 24
$121.5M
$6.2M
Total Debt
IRWD
IRWD
WSR
WSR
Q4 25
$649.4M
Q3 25
$199.5M
Q2 25
$199.3M
Q1 25
$199.2M
Q4 24
$199.0M
$632.5M
Q3 24
$198.8M
Q2 24
$198.6M
Q1 24
$398.3M
Stockholders' Equity
IRWD
IRWD
WSR
WSR
Q4 25
$-261.8M
$458.1M
Q3 25
$-264.2M
$439.5M
Q2 25
$-308.2M
$427.5M
Q1 25
$-334.1M
$431.0M
Q4 24
$-301.3M
$438.2M
Q3 24
$-311.3M
$419.5M
Q2 24
$-321.7M
$418.3M
Q1 24
$-330.5M
$421.6M
Total Assets
IRWD
IRWD
WSR
WSR
Q4 25
$396.9M
$1.2B
Q3 25
$396.1M
$1.1B
Q2 25
$342.9M
$1.2B
Q1 25
$327.2M
$1.1B
Q4 24
$350.9M
$1.1B
Q3 24
$389.5M
$1.1B
Q2 24
$395.6M
$1.1B
Q1 24
$438.8M
$1.1B
Debt / Equity
IRWD
IRWD
WSR
WSR
Q4 25
1.42×
Q3 25
Q2 25
Q1 25
Q4 24
1.44×
Q3 24
Q2 24
Q1 24

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
WSR
WSR
Operating Cash FlowLast quarter
$74.6M
$50.8M
Free Cash FlowOCF − Capex
$74.6M
$50.5M
FCF MarginFCF / Revenue
156.3%
114.9%
Capex IntensityCapex / Revenue
0.0%
0.7%
Cash ConversionOCF / Net Profit
2.22×
TTM Free Cash FlowTrailing 4 quarters
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRWD
IRWD
WSR
WSR
Q4 25
$74.6M
$50.8M
Q3 25
$47.6M
$18.0M
Q2 25
$-15.1M
$13.8M
Q1 25
$20.0M
$3.1M
Q4 24
$15.2M
$58.2M
Q3 24
$9.9M
$16.4M
Q2 24
$33.5M
$12.3M
Q1 24
$45.0M
$11.5M
Free Cash Flow
IRWD
IRWD
WSR
WSR
Q4 25
$74.6M
$50.5M
Q3 25
$47.6M
Q2 25
$-15.1M
Q1 25
$19.9M
Q4 24
$58.0M
Q3 24
$9.9M
Q2 24
$33.4M
Q1 24
$44.9M
FCF Margin
IRWD
IRWD
WSR
WSR
Q4 25
156.3%
114.9%
Q3 25
39.0%
Q2 25
-17.7%
Q1 25
48.4%
Q4 24
142.1%
Q3 24
10.8%
Q2 24
35.4%
Q1 24
60.0%
Capex Intensity
IRWD
IRWD
WSR
WSR
Q4 25
0.0%
0.7%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
0.5%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
IRWD
IRWD
WSR
WSR
Q4 25
2.22×
Q3 25
1.19×
0.98×
Q2 25
-0.64×
2.74×
Q1 25
0.83×
Q4 24
6.74×
3.36×
Q3 24
2.71×
2.15×
Q2 24
4.73×
Q1 24
1.23×

Financial Flow Comparison

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

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