Aquestive Therapeutics, Inc. (AQST) vs Ironwood Pharmaceuticals, Inc. (IRWD)

Aquestive Therapeutics, Inc. and Ironwood Pharmaceuticals, Inc. are both Drug Manufacturers Specialty & Generic companies. Ironwood Pharmaceuticals, Inc. is the larger, with a market value of $623.0M against $509.6M — 1.2× the size. Aquestive Therapeutics, Inc. has negative trailing earnings, so its P/E is not meaningful; Ironwood Pharmaceuticals, Inc. trades at 4.4×. Ironwood Pharmaceuticals, Inc. grew revenue faster over the last twelve months: 26.2% against 22.6%. Ironwood Pharmaceuticals, Inc. has the higher net margin (33.4% vs −144.6%) and the higher return on invested capital (101.6% vs 0.00%). Across the 18 metrics below, Ironwood Pharmaceuticals, Inc. leads on 13 and Aquestive Therapeutics, Inc. on 5.

Valuation

Metric AQST IRWD Drug Manufacturers Specialty & Generic median
P/E n/m 4.39 19.25
P/S 8.74 1.48 2.11
P/B n/m n/m 1.78
Price to free cash flow n/m 3.10 16.14
EV/EBITDA n/m 4.58 12.58
EV/Sales 7.85 2.78 2.73
Earnings yield (17.20%) 22.79% (4.38%)
Free cash flow yield (9.73%) 32.24% 0.00%

Profitability

Metric AQST IRWD Drug Manufacturers Specialty & Generic median
Gross margin 67.04% 100.00% 53.94%
Operating margin (97.52%) 60.15% 0.00%
Net margin (144.63%) 33.36% 0.00%
Free cash flow margin (84.95%) 47.66% 0.00%
Return on equity 121.12% (55.26%) (0.40%)
Return on assets (69.29%) 41.35% (3.32%)
Return on invested capital 0.00% 101.61% 0.00%

Growth

Metric AQST IRWD Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 22.56% 26.19% 10.01%
EPS growth (last fiscal year) (52.94%) 2,627.27% 49.06%
Revenue growth, 5-year CAGR (0.58%) (5.33%) 6.74%
Net income growth, 5-year CAGR 0.00% (25.72%) 0.00%

Health

Metric AQST IRWD Drug Manufacturers Specialty & Generic median
Debt to equity (0.90) (2.38) 0.05
Current ratio 7.19 6.06 2.31
Net debt to EBITDA 1.57 3.68 0.97

Dividend

Metric AQST IRWD Drug Manufacturers Specialty & Generic median
Dividend yield — — 1.57%
Payout ratio — — 0.27

Size

Metric AQST IRWD Drug Manufacturers Specialty & Generic median
Market cap 509.58m 622.95m 276.90m

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