Drug Manufacturers - Specialty & Generic
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IRWD vs PTGX vs ARDX vs ABBV
Revenue, margins, valuation, and 5-year total return — side by side.
Biotechnology
Biotechnology
Drug Manufacturers - General
IRWD vs PTGX vs ARDX vs ABBV — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Drug Manufacturers - Specialty & Generic | Biotechnology | Biotechnology | Drug Manufacturers - General |
| Market Cap | $680M | $6.36B | $1.71B | $358.42B |
| Revenue (TTM) | $362M | $18M | $428M | $61.16B |
| Net Income (TTM) | $151M | $-115M | $-58M | $4.23B |
| Gross Margin | 70.4% | 100.0% | 91.9% | 70.2% |
| Operating Margin | 55.3% | -8.1% | -8.7% | 26.7% |
| Forward P/E | 3.1x | 30.6x | — | 14.3x |
| Total Debt | $598M | $10M | $212M | $69.07B |
| Cash & Equiv. | $215M | $128M | $68M | $5.23B |
IRWD vs PTGX vs ARDX vs ABBV — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Ironwood Pharmaceut… (IRWD) | 100 | 42.9 | -57.1% |
| Protagonist Therape… (PTGX) | 100 | 598.0 | +498.0% |
| Ardelyx, Inc. (ARDX) | 100 | 381.4 | +281.4% |
| AbbVie Inc. (ABBV) | 100 | 218.7 | +118.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: IRWD vs PTGX vs ARDX vs ABBV
Each card shows where this stock fits in a portfolio — not just who wins on paper.
IRWD carries the broadest edge in this set and is the clearest fit for value and quality.
- Lower P/E (3.1x vs 14.3x)
- 41.8% margin vs PTGX's -6.5%
- +426.5% vs ABBV's +11.3%
- 38.5% ROA vs PTGX's -16.5%, ROIC 54.0% vs -21.8%
PTGX is the #2 pick in this set and the best alternative if income & stability and long-term compounding is your priority.
- beta 0.25
- 7.4% 10Y total return vs ARDX's 263.5%
- Lower volatility, beta 0.25, Low D/E 1.7%, current ratio 12.71x
- Beta 0.25, current ratio 12.71x
ARDX is the clearest fit if your priority is growth exposure.
- Rev growth 22.1%, EPS growth -52.9%, 3Y rev CAGR 98.4%
- 22.1% revenue growth vs PTGX's -89.4%
ABBV is the clearest fit if your priority is dividends.
- 3.2% yield; 13-year raise streak; the other 3 pay no meaningful dividend
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 22.1% revenue growth vs PTGX's -89.4% | |
| Value | Lower P/E (3.1x vs 14.3x) | |
| Quality / Margins | 41.8% margin vs PTGX's -6.5% | |
| Stability / Safety | Beta 0.25 vs IRWD's 2.50 | |
| Dividends | 3.2% yield; 13-year raise streak; the other 3 pay no meaningful dividend | |
| Momentum (1Y) | +426.5% vs ABBV's +11.3% | |
| Efficiency (ROA) | 38.5% ROA vs PTGX's -16.5%, ROIC 54.0% vs -21.8% |
IRWD vs PTGX vs ARDX vs ABBV — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
IRWD vs PTGX vs ARDX vs ABBV — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
IRWD leads in 3 of 6 categories
PTGX leads 2 • ARDX leads 0 • ABBV leads 0
Explore the data ↓Income & Cash Flow (Last 12 Months)
IRWD leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
ABBV is the larger business by revenue, generating $61.2B annually — 3456.3x PTGX's $18M. IRWD is the more profitable business, keeping 41.8% of every revenue dollar as net income compared to PTGX's -6.5%. On growth, IRWD holds the edge at +158.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $362M | $18M | $428M | $61.2B |
| EBITDAEarnings before interest/tax | $201M | -$141M | -$35M | $24.5B |
| Net IncomeAfter-tax profit | $151M | -$115M | -$58M | $4.2B |
| Free Cash FlowCash after capex | $112M | -$116M | -$37M | $18.7B |
| Gross MarginGross profit ÷ Revenue | +70.4% | +100.0% | +91.9% | +70.2% |
| Operating MarginEBIT ÷ Revenue | +55.3% | -8.1% | -8.7% | +26.7% |
| Net MarginNet income ÷ Revenue | +41.8% | -6.5% | -13.6% | +6.9% |
| FCF MarginFCF ÷ Revenue | +31.0% | -6.6% | -8.8% | +30.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +158.9% | -100.0% | +27.5% | +10.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +2.0% | +126.3% | +11.8% | +57.4% |
Valuation Metrics
IRWD leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 27.8x trailing earnings, IRWD trades at a 67% valuation discount to ABBV's 85.5x P/E. On an enterprise value basis, IRWD's 8.8x EV/EBITDA is more attractive than ABBV's 15.0x.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $680M | $6.4B | $1.7B | $358.4B |
| Enterprise ValueMkt cap + debt − cash | $1.1B | $6.2B | $1.9B | $422.3B |
| Trailing P/EPrice ÷ TTM EPS | 27.80x | -48.22x | -26.85x | 85.50x |
| Forward P/EPrice ÷ next-FY EPS est. | 3.14x | 30.60x | — | 14.28x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 8.81x | — | — | 14.96x |
| Price / SalesMarket cap ÷ Revenue | 2.30x | 138.15x | 4.20x | 5.86x |
| Price / BookPrice ÷ Book value/share | — | 10.22x | 10.08x | — |
| Price / FCFMarket cap ÷ FCF | 5.35x | 113.36x | — | 20.12x |
Profitability & Efficiency
IRWD leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
ABBV delivers a 62.1% return on equity — every $100 of shareholder capital generates $62 in annual profit, vs $-38 for ARDX. PTGX carries lower financial leverage with a 0.02x debt-to-equity ratio, signaling a more conservative balance sheet compared to ARDX's 1.27x. On the Piotroski fundamental quality scale (0–9), IRWD scores 6/9 vs ARDX's 3/9, reflecting solid financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | — | -17.8% | -38.1% | +62.1% |
| ROA (TTM)Return on assets | +38.5% | -16.5% | -11.8% | +3.1% |
| ROICReturn on invested capital | +54.0% | -21.8% | -10.7% | +23.9% |
| ROCEReturn on capital employed | +50.9% | -23.9% | -10.6% | +21.5% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 4 | 3 | 6 |
| Debt / EquityFinancial leverage | — | 0.02x | 1.27x | — |
| Net DebtTotal debt minus cash | $382M | -$118M | $144M | $63.8B |
| Cash & Equiv.Liquid assets | $215M | $128M | $68M | $5.2B |
| Total DebtShort + long-term debt | $598M | $10M | $212M | $69.1B |
| Interest CoverageEBIT ÷ Interest expense | 8.43x | — | -0.28x | 3.28x |
Total Returns (Dividends Reinvested)
PTGX leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in ARDX five years ago would be worth $41,302 today (with dividends reinvested), compared to $3,800 for IRWD. Over the past 12 months, IRWD leads with a +426.5% total return vs ABBV's +11.3%. The 3-year compound annual growth rate (CAGR) favors PTGX at 58.3% vs IRWD's -26.5% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | -2.3% | +13.4% | +13.5% | -10.1% |
| 1-Year ReturnPast 12 months | +426.5% | +129.4% | +88.6% | +11.3% |
| 3-Year ReturnCumulative with dividends | -60.3% | +296.5% | +66.6% | +50.4% |
| 5-Year ReturnCumulative with dividends | -62.0% | +238.8% | +313.0% | +101.3% |
| 10-Year ReturnCumulative with dividends | -59.2% | +744.9% | +263.5% | +295.5% |
| CAGR (3Y)Annualised 3-year return | -26.5% | +58.3% | +18.5% | +14.6% |
Risk & Volatility
PTGX leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
PTGX is the less volatile stock with a 0.25 beta — it tends to amplify market swings less than IRWD's 2.50 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PTGX currently trades 91.7% from its 52-week high vs IRWD's 72.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.50x | 0.25x | 0.87x | 0.34x |
| 52-Week HighHighest price in past year | $5.78 | $107.84 | $8.40 | $244.81 |
| 52-Week LowLowest price in past year | $0.53 | $41.29 | $3.21 | $176.57 |
| % of 52W HighCurrent price vs 52-week peak | +72.1% | +91.7% | +83.1% | +82.8% |
| RSI (14)Momentum oscillator 0–100 | 68.4 | 56.4 | 68.6 | 46.8 |
| Avg Volume (50D)Average daily shares traded | 2.5M | 752K | 3.5M | 5.8M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Analyst consensus: IRWD as "Hold", PTGX as "Buy", ARDX as "Buy", ABBV as "Buy". Consensus price targets imply 143.6% upside for ARDX (target: $17) vs 15.1% for IRWD (target: $5). ABBV is the only dividend payer here at 3.24% yield — a key consideration for income-focused portfolios.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $4.80 | $116.75 | $17.00 | $256.64 |
| # AnalystsCovering analysts | 30 | 26 | 16 | 41 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | +3.2% |
| Dividend StreakConsecutive years of raises | — | — | — | 13 |
| Dividend / ShareAnnual DPS | — | — | — | $6.57 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | 0.0% | +0.3% |
IRWD leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). PTGX leads in 2 (Total Returns, Risk & Volatility).
IRWD vs PTGX vs ARDX vs ABBV: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is IRWD or PTGX or ARDX or ABBV a better buy right now?
For growth investors, Ardelyx, Inc.
(ARDX) is the stronger pick with 22. 1% revenue growth year-over-year, versus -89. 4% for Protagonist Therapeutics, Inc. (PTGX). Ironwood Pharmaceuticals, Inc. (IRWD) offers the better valuation at 27. 8x trailing P/E (3. 1x forward), making it the more compelling value choice. Analysts rate Protagonist Therapeutics, Inc. (PTGX) a "Buy" — based on 26 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — IRWD or PTGX or ARDX or ABBV?
On trailing P/E, Ironwood Pharmaceuticals, Inc.
(IRWD) is the cheapest at 27. 8x versus AbbVie Inc. at 85. 5x. On forward P/E, Ironwood Pharmaceuticals, Inc. is actually cheaper at 3. 1x.
03Which is the better long-term investment — IRWD or PTGX or ARDX or ABBV?
Over the past 5 years, Ardelyx, Inc.
(ARDX) delivered a total return of +313. 0%, compared to -62. 0% for Ironwood Pharmaceuticals, Inc. (IRWD). Over 10 years, the gap is even starker: PTGX returned +744. 9% versus IRWD's -59. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — IRWD or PTGX or ARDX or ABBV?
By beta (market sensitivity over 5 years), Protagonist Therapeutics, Inc.
(PTGX) is the lower-risk stock at 0. 25β versus Ironwood Pharmaceuticals, Inc. 's 2. 50β — meaning IRWD is approximately 896% more volatile than PTGX relative to the S&P 500. On balance sheet safety, Protagonist Therapeutics, Inc. (PTGX) carries a lower debt/equity ratio of 2% versus 127% for Ardelyx, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — IRWD or PTGX or ARDX or ABBV?
By revenue growth (latest reported year), Ardelyx, Inc.
(ARDX) is pulling ahead at 22. 1% versus -89. 4% for Protagonist Therapeutics, Inc. (PTGX). On earnings-per-share growth, the picture is similar: AbbVie Inc. grew EPS -0. 8% year-over-year, compared to -148. 5% for Protagonist Therapeutics, Inc.. Over a 3-year CAGR, ARDX leads at 98. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — IRWD or PTGX or ARDX or ABBV?
Ironwood Pharmaceuticals, Inc.
(IRWD) is the more profitable company, earning 8. 1% net margin versus -282. 8% for Protagonist Therapeutics, Inc. — meaning it keeps 8. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: IRWD leads at 40. 1% versus -343. 6% for PTGX. At the gross margin level — before operating expenses — IRWD leads at 99. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is IRWD or PTGX or ARDX or ABBV more undervalued right now?
On forward earnings alone, Ironwood Pharmaceuticals, Inc.
(IRWD) trades at 3. 1x forward P/E versus 30. 6x for Protagonist Therapeutics, Inc. — 27. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ARDX: 143. 6% to $17. 00.
08Which pays a better dividend — IRWD or PTGX or ARDX or ABBV?
In this comparison, ABBV (3.
2% yield) pays a dividend. IRWD, PTGX, ARDX do not pay a meaningful dividend and should not be held primarily for income.
09Is IRWD or PTGX or ARDX or ABBV better for a retirement portfolio?
For long-horizon retirement investors, AbbVie Inc.
(ABBV) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 34), 3. 2% yield, +295. 5% 10Y return). Ironwood Pharmaceuticals, Inc. (IRWD) carries a higher beta of 2. 50 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (ABBV: +295. 5%, IRWD: -59. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between IRWD and PTGX and ARDX and ABBV?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: IRWD is a small-cap quality compounder stock; PTGX is a small-cap quality compounder stock; ARDX is a small-cap high-growth stock; ABBV is a large-cap income-oriented stock. ABBV pays a dividend while IRWD, PTGX, ARDX do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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