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Side-by-side financial comparison of RedHill Biopharma Ltd. (RDHL) and ROCKWELL MEDICAL, INC. (RMTI). Click either name above to swap in a different company.

ROCKWELL MEDICAL, INC. is the larger business by last-quarter revenue ($18.3M vs $18.3M, roughly 1.0× RedHill Biopharma Ltd.). ROCKWELL MEDICAL, INC. runs the higher net margin — -3.0% vs -63.8%, a 60.8% gap on every dollar of revenue. On growth, RedHill Biopharma Ltd. posted the faster year-over-year revenue change (-14.7% vs -25.6%).

RedHill Biopharma Ltd. is a specialty biopharmaceutical firm focused on developing and commercializing innovative therapeutics for gastrointestinal disorders, inflammatory conditions, and infectious diseases. It operates mainly in North American and European markets, delivering prescription treatments for unmet clinical needs and partnering with healthcare stakeholders to expand product access.

Rockwell Medical Inc. is a publicly traded pharmaceutical company based in Wixom, Michigan and founded in 1996 that focuses on development and commercialization of treatments against diseases such as end-stage renal disease (ESRD) and chronic kidney disease (CKD).

RDHL vs RMTI — Head-to-Head

Growing faster (revenue YoY)
RDHL
RDHL
+10.9% gap
RDHL
-14.7%
-25.6%
RMTI
Higher net margin
RMTI
RMTI
60.8% more per $
RMTI
-3.0%
-63.8%
RDHL

Income Statement — Q2 FY2022 vs Q4 FY2025

Metric
RDHL
RDHL
RMTI
RMTI
Revenue
$18.3M
$18.3M
Net Profit
$-11.7M
$-554.0K
Gross Margin
51.0%
21.1%
Operating Margin
-49.9%
-2.2%
Net Margin
-63.8%
-3.0%
Revenue YoY
-14.7%
-25.6%
Net Profit YoY
59.8%
26.7%
EPS (diluted)
$-0.02
$-0.01

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
RDHL
RDHL
RMTI
RMTI
Q4 25
$18.3M
Q3 25
$15.9M
Q2 25
$16.1M
Q1 25
$18.9M
Q4 24
$24.7M
Q3 24
$28.3M
Q2 24
$25.8M
Q1 24
$22.7M
Net Profit
RDHL
RDHL
RMTI
RMTI
Q4 25
$-554.0K
Q3 25
$-1.8M
Q2 25
$-1.5M
Q1 25
$-1.5M
Q4 24
$-756.0K
Q3 24
$1.7M
Q2 24
$343.0K
Q1 24
$-1.7M
Gross Margin
RDHL
RDHL
RMTI
RMTI
Q4 25
21.1%
Q3 25
14.3%
Q2 25
15.6%
Q1 25
16.1%
Q4 24
14.7%
Q3 24
22.0%
Q2 24
17.6%
Q1 24
13.5%
Operating Margin
RDHL
RDHL
RMTI
RMTI
Q4 25
-2.2%
Q3 25
-9.9%
Q2 25
-8.4%
Q1 25
-7.2%
Q4 24
-2.1%
Q3 24
6.8%
Q2 24
2.0%
Q1 24
-5.8%
Net Margin
RDHL
RDHL
RMTI
RMTI
Q4 25
-3.0%
Q3 25
-11.0%
Q2 25
-9.3%
Q1 25
-8.0%
Q4 24
-3.1%
Q3 24
5.9%
Q2 24
1.3%
Q1 24
-7.6%
EPS (diluted)
RDHL
RDHL
RMTI
RMTI
Q4 25
$-0.01
Q3 25
$-0.05
Q2 25
$-0.05
Q1 25
$-0.04
Q4 24
$-0.02
Q3 24
$0.04
Q2 24
$0.01
Q1 24
$-0.06

Balance Sheet & Financial Strength

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

Metric
RDHL
RDHL
RMTI
RMTI
Cash + ST InvestmentsLiquidity on hand
$27.0M
$10.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$-11.9M
$37.0M
Total Assets
$168.0M
$57.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RDHL
RDHL
RMTI
RMTI
Q4 25
$10.7M
Q3 25
$13.6M
Q2 25
$12.5M
Q1 25
$11.4M
Q4 24
$15.7M
Q3 24
$12.3M
Q2 24
$11.9M
Q1 24
$6.6M
Stockholders' Equity
RDHL
RDHL
RMTI
RMTI
Q4 25
$37.0M
Q3 25
$37.0M
Q2 25
$30.4M
Q1 25
$31.5M
Q4 24
$32.6M
Q3 24
$29.1M
Q2 24
$23.5M
Q1 24
$20.6M
Total Assets
RDHL
RDHL
RMTI
RMTI
Q4 25
$57.1M
Q3 25
$57.5M
Q2 25
$52.6M
Q1 25
$54.0M
Q4 24
$59.2M
Q3 24
$57.1M
Q2 24
$53.0M
Q1 24
$50.7M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
RDHL
RDHL
RMTI
RMTI
Operating Cash FlowLast quarter
$-16.6M
$2.3M
Free Cash FlowOCF − Capex
$2.2M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RDHL
RDHL
RMTI
RMTI
Q4 25
$2.3M
Q3 25
$-1.3M
Q2 25
$1.8M
Q1 25
$-3.5M
Q4 24
$865.0K
Q3 24
$4.3M
Q2 24
$1.4M
Q1 24
$-2.4M
Free Cash Flow
RDHL
RDHL
RMTI
RMTI
Q4 25
$2.2M
Q3 25
$-1.5M
Q2 25
$1.7M
Q1 25
$-3.5M
Q4 24
$470.0K
Q3 24
$4.1M
Q2 24
$1.2M
Q1 24
$-2.5M
FCF Margin
RDHL
RDHL
RMTI
RMTI
Q4 25
12.0%
Q3 25
-9.6%
Q2 25
10.5%
Q1 25
-18.8%
Q4 24
1.9%
Q3 24
14.4%
Q2 24
4.5%
Q1 24
-11.1%
Capex Intensity
RDHL
RDHL
RMTI
RMTI
Q4 25
0.5%
Q3 25
1.4%
Q2 25
1.0%
Q1 25
0.3%
Q4 24
1.6%
Q3 24
0.7%
Q2 24
1.1%
Q1 24
0.6%
Cash Conversion
RDHL
RDHL
RMTI
RMTI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
2.57×
Q2 24
4.20×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

RDHL
RDHL

Segment breakdown not available.

RMTI
RMTI

US$15.9M87%
Non Us$2.4M13%

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