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 $665.9M against $460.0M — 1.4× the size. Aquestive Therapeutics, Inc. has negative trailing earnings, so its P/E is not meaningful; Ironwood Pharmaceuticals, Inc. trades at 4.3×. Ironwood Pharmaceuticals, Inc. grew revenue faster over the last twelve months: 18.1% against 12.5%. Ironwood Pharmaceuticals, Inc. has the higher net margin (37.4% vs −162.3%) and the higher return on invested capital (0.00% vs 0.00%). Across the 17 metrics below, Ironwood Pharmaceuticals, Inc. leads on 12 and Aquestive Therapeutics, Inc. on 5.

Valuation

Metric AQST IRWD Drug Manufacturers Specialty & Generic median
P/E n/m 4.34 20.55
P/S 9.36 1.62 2.08
P/B n/m n/m 1.79
Price to free cash flow n/m 3.16 16.29
EV/EBITDA n/m 4.53 12.22
EV/Sales 8.55 2.87 2.87
Earnings yield (17.62%) 23.04% (15.94%)
Free cash flow yield (8.90%) 31.61% 0.00%

Profitability

Metric AQST IRWD Drug Manufacturers Specialty & Generic median
Gross margin 65.34% 100.00% 53.51%
Operating margin (114.12%) 62.91% 0.00%
Net margin (162.33%) 37.38% (2.45%)
Free cash flow margin (83.33%) 51.31% 0.00%
Return on equity 211.59% (82.81%) (0.80%)
Return on assets (56.05%) 43.58% (1.67%)
Return on invested capital 0.00% 0.00% 0.00%

Growth

Metric AQST IRWD Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 12.54% 18.09% 5.22%
EPS growth (last fiscal year) (52.94%) 2,627.27% 42.91%
Revenue growth, 5-year CAGR (0.58%) (5.33%) 7.24%
Net income growth, 5-year CAGR 0.00% (25.72%) 0.00%

Health

Metric AQST IRWD Drug Manufacturers Specialty & Generic median
Debt to equity (0.72) 0.00 0.04
Current ratio 6.12 6.51 2.41
Net debt to EBITDA 1.57 3.68 1.01

Dividend

Metric AQST IRWD Drug Manufacturers Specialty & Generic median
Dividend yield — — 1.45%
Payout ratio — — 0.27

Size

Metric AQST IRWD Drug Manufacturers Specialty & Generic median
Market cap 460.01m 665.91m 315.39m

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