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Side-by-side financial comparison of Vanda Pharmaceuticals Inc. (VNDA) 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 $57.2M, roughly 1.0× Vanda Pharmaceuticals Inc.). WASHINGTON TRUST BANCORP INC runs the higher net margin — 21.8% vs -246.8%, a 268.6% gap on every dollar of revenue. Over the past eight quarters, Vanda Pharmaceuticals Inc.'s revenue compounded faster (9.8% CAGR vs 9.5%).

Vanda Pharmaceuticals Inc. is a biopharmaceutical company focused on developing and commercializing innovative therapies for central nervous system disorders. Its key marketed products cover indications including sleep-wake cycle disturbances and schizophrenia, with core operations and primary sales markets concentrated in North America, catering to patient groups with significant unmet medical needs.

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...

VNDA vs WASH — Head-to-Head

Bigger by revenue
WASH
WASH
1.0× larger
WASH
$57.8M
$57.2M
VNDA
Higher net margin
WASH
WASH
268.6% more per $
WASH
21.8%
-246.8%
VNDA
Faster 2-yr revenue CAGR
VNDA
VNDA
Annualised
VNDA
9.8%
9.5%
WASH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
VNDA
VNDA
WASH
WASH
Revenue
$57.2M
$57.8M
Net Profit
$-141.2M
$12.6M
Gross Margin
Operating Margin
-70.5%
Net Margin
-246.8%
21.8%
Revenue YoY
7.6%
Net Profit YoY
-2774.3%
3.5%
EPS (diluted)
$-2.40
$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
VNDA
VNDA
WASH
WASH
Q1 26
$57.8M
Q4 25
$57.2M
$59.3M
Q3 25
$56.3M
$56.5M
Q2 25
$52.6M
$54.3M
Q1 25
$50.0M
$59.1M
Q4 24
$53.2M
$12.4M
Q3 24
$47.7M
$48.5M
Q2 24
$50.5M
$48.2M
Net Profit
VNDA
VNDA
WASH
WASH
Q1 26
$12.6M
Q4 25
$-141.2M
$16.0M
Q3 25
$-22.6M
$10.8M
Q2 25
$-27.2M
$13.2M
Q1 25
$-29.5M
$12.2M
Q4 24
$-4.9M
$-60.8M
Q3 24
$-5.3M
$11.0M
Q2 24
$-4.5M
$10.8M
Operating Margin
VNDA
VNDA
WASH
WASH
Q1 26
Q4 25
-70.5%
34.9%
Q3 25
-55.6%
24.7%
Q2 25
-73.2%
31.6%
Q1 25
-82.0%
26.5%
Q4 24
-19.3%
-648.7%
Q3 24
-23.1%
28.5%
Q2 24
-20.1%
28.7%
Net Margin
VNDA
VNDA
WASH
WASH
Q1 26
21.8%
Q4 25
-246.8%
27.0%
Q3 25
-40.1%
19.2%
Q2 25
-51.7%
24.4%
Q1 25
-58.9%
20.6%
Q4 24
-9.2%
-491.4%
Q3 24
-11.2%
22.6%
Q2 24
-9.0%
22.4%
EPS (diluted)
VNDA
VNDA
WASH
WASH
Q1 26
$0.66
Q4 25
$-2.40
$0.84
Q3 25
$-0.38
$0.56
Q2 25
$-0.46
$0.68
Q1 25
$-0.50
$0.63
Q4 24
$-0.09
$-3.54
Q3 24
$-0.09
$0.64
Q2 24
$-0.08
$0.63

Balance Sheet & Financial Strength

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

Metric
VNDA
VNDA
WASH
WASH
Cash + ST InvestmentsLiquidity on hand
$84.9M
$12.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$327.2M
$546.8M
Total Assets
$488.9M
$6.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VNDA
VNDA
WASH
WASH
Q1 26
$12.3M
Q4 25
$84.9M
Q3 25
$70.0M
Q2 25
$81.0M
Q1 25
$111.8M
Q4 24
$102.3M
Q3 24
$100.5M
Q2 24
$103.0M
Stockholders' Equity
VNDA
VNDA
WASH
WASH
Q1 26
$546.8M
Q4 25
$327.2M
$543.6M
Q3 25
$466.0M
$533.0M
Q2 25
$486.3M
$527.5M
Q1 25
$511.4M
$521.7M
Q4 24
$538.5M
$499.7M
Q3 24
$541.2M
$502.2M
Q2 24
$542.5M
$471.0M
Total Assets
VNDA
VNDA
WASH
WASH
Q1 26
$6.5B
Q4 25
$488.9M
$6.6B
Q3 25
$601.1M
$6.7B
Q2 25
$624.7M
$6.7B
Q1 25
$631.9M
$6.6B
Q4 24
$656.2M
$6.9B
Q3 24
$645.1M
$7.1B
Q2 24
$651.4M
$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
VNDA
VNDA
WASH
WASH
Operating Cash FlowLast quarter
$-29.4M
Free Cash FlowOCF − Capex
$-29.5M
FCF MarginFCF / Revenue
-51.6%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-110.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VNDA
VNDA
WASH
WASH
Q1 26
Q4 25
$-29.4M
$80.3M
Q3 25
$-31.6M
$39.6M
Q2 25
$-15.3M
$11.3M
Q1 25
$-33.1M
$8.4M
Q4 24
$-1.8M
$57.7M
Q3 24
$-14.6M
$25.7M
Q2 24
$-6.9M
$11.2M
Free Cash Flow
VNDA
VNDA
WASH
WASH
Q1 26
Q4 25
$-29.5M
$78.3M
Q3 25
$-31.8M
$39.3M
Q2 25
$-15.6M
$10.9M
Q1 25
$-33.6M
$8.4M
Q4 24
$-2.0M
$53.7M
Q3 24
$-14.7M
$24.4M
Q2 24
$-7.0M
$9.6M
FCF Margin
VNDA
VNDA
WASH
WASH
Q1 26
Q4 25
-51.6%
132.2%
Q3 25
-56.5%
69.6%
Q2 25
-29.6%
20.2%
Q1 25
-67.1%
14.2%
Q4 24
-3.8%
433.8%
Q3 24
-30.9%
50.4%
Q2 24
-13.9%
19.8%
Capex Intensity
VNDA
VNDA
WASH
WASH
Q1 26
Q4 25
0.2%
3.4%
Q3 25
0.3%
0.6%
Q2 25
0.6%
0.7%
Q1 25
0.9%
0.1%
Q4 24
0.4%
32.3%
Q3 24
0.3%
2.6%
Q2 24
0.2%
3.4%
Cash Conversion
VNDA
VNDA
WASH
WASH
Q1 26
Q4 25
5.03×
Q3 25
3.65×
Q2 25
0.86×
Q1 25
0.69×
Q4 24
Q3 24
2.34×
Q2 24
1.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

VNDA
VNDA

Fanapt$33.2M58%
Hetlioz$16.4M29%
PONVORY$7.6M13%

WASH
WASH

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

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