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Side-by-side financial comparison of Amalgamated Financial Corp. (AMAL) and Arcutis Biotherapeutics, Inc. (ARQT). Click either name above to swap in a different company.

Arcutis Biotherapeutics, Inc. is the larger business by last-quarter revenue ($129.5M vs $85.2M, roughly 1.5× Amalgamated Financial Corp.). On growth, Arcutis Biotherapeutics, Inc. posted the faster year-over-year revenue change (81.5% vs 9.4%). Over the past eight quarters, Arcutis Biotherapeutics, Inc.'s revenue compounded faster (61.6% CAGR vs 4.3%).

CI Financial is a Canadian investment management company based in Toronto, Ontario. It offers investment management and wealth management services targeted to high net worth retail investors, as well as brokerage and trading services to portfolio managers and institutional investors.

Arcutis Biotherapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing and commercializing innovative prescription therapies for immune-mediated dermatological diseases. Its core product portfolio targets conditions including psoriasis, atopic dermatitis, and alopecia areata, primarily serving patients and healthcare providers across the United States, addressing unmet needs in the dermatology care segment.

AMAL vs ARQT — Head-to-Head

Bigger by revenue
ARQT
ARQT
1.5× larger
ARQT
$129.5M
$85.2M
AMAL
Growing faster (revenue YoY)
ARQT
ARQT
+72.1% gap
ARQT
81.5%
9.4%
AMAL
Faster 2-yr revenue CAGR
ARQT
ARQT
Annualised
ARQT
61.6%
4.3%
AMAL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMAL
AMAL
ARQT
ARQT
Revenue
$85.2M
$129.5M
Net Profit
$17.4M
Gross Margin
91.0%
Operating Margin
39.0%
14.2%
Net Margin
13.4%
Revenue YoY
9.4%
81.5%
Net Profit YoY
261.2%
EPS (diluted)
$0.88
$0.14

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
AMAL
AMAL
ARQT
ARQT
Q4 25
$85.2M
$129.5M
Q3 25
$85.6M
$99.2M
Q2 25
$80.9M
$81.5M
Q1 25
$77.0M
$65.8M
Q4 24
$77.9M
$71.4M
Q3 24
$81.0M
$44.8M
Q2 24
$78.5M
$30.9M
Q1 24
$78.3M
$49.6M
Net Profit
AMAL
AMAL
ARQT
ARQT
Q4 25
$17.4M
Q3 25
$26.8M
$7.4M
Q2 25
$26.0M
$-15.9M
Q1 25
$25.0M
$-25.1M
Q4 24
$-10.8M
Q3 24
$27.9M
$-41.5M
Q2 24
$26.8M
$-52.3M
Q1 24
$27.2M
$-35.4M
Gross Margin
AMAL
AMAL
ARQT
ARQT
Q4 25
91.0%
Q3 25
91.2%
Q2 25
90.8%
Q1 25
86.6%
Q4 24
90.3%
Q3 24
87.7%
Q2 24
88.8%
Q1 24
93.4%
Operating Margin
AMAL
AMAL
ARQT
ARQT
Q4 25
39.0%
14.2%
Q3 25
42.9%
8.6%
Q2 25
43.8%
-17.9%
Q1 25
45.1%
-37.3%
Q4 24
42.4%
-10.7%
Q3 24
47.2%
-87.3%
Q2 24
45.6%
-162.3%
Q1 24
49.2%
-63.8%
Net Margin
AMAL
AMAL
ARQT
ARQT
Q4 25
13.4%
Q3 25
31.3%
7.5%
Q2 25
32.1%
-19.5%
Q1 25
32.5%
-38.1%
Q4 24
-15.1%
Q3 24
34.5%
-92.8%
Q2 24
34.1%
-169.6%
Q1 24
34.8%
-71.4%
EPS (diluted)
AMAL
AMAL
ARQT
ARQT
Q4 25
$0.88
$0.14
Q3 25
$0.88
$0.06
Q2 25
$0.84
$-0.13
Q1 25
$0.81
$-0.20
Q4 24
$0.78
$-0.09
Q3 24
$0.90
$-0.33
Q2 24
$0.87
$-0.42
Q1 24
$0.89
$-0.32

Balance Sheet & Financial Strength

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

Metric
AMAL
AMAL
ARQT
ARQT
Cash + ST InvestmentsLiquidity on hand
$291.2M
$42.9M
Total DebtLower is stronger
$109.0M
Stockholders' EquityBook value
$794.5M
$189.5M
Total Assets
$8.9B
$433.0M
Debt / EquityLower = less leverage
0.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMAL
AMAL
ARQT
ARQT
Q4 25
$291.2M
$42.9M
Q3 25
$115.5M
$47.1M
Q2 25
$171.1M
$72.7M
Q1 25
$65.7M
$53.1M
Q4 24
$60.7M
$71.3M
Q3 24
$149.2M
$134.9M
Q2 24
$58.0M
$84.3M
Q1 24
$155.2M
$190.1M
Total Debt
AMAL
AMAL
ARQT
ARQT
Q4 25
$109.0M
Q3 25
$108.5M
Q2 25
$108.0M
Q1 25
$107.6M
Q4 24
$107.2M
Q3 24
$204.6M
Q2 24
$203.8M
Q1 24
$202.8M
Stockholders' Equity
AMAL
AMAL
ARQT
ARQT
Q4 25
$794.5M
$189.5M
Q3 25
$775.6M
$158.1M
Q2 25
$754.0M
$139.0M
Q1 25
$736.0M
$142.7M
Q4 24
$707.7M
$157.5M
Q3 24
$698.2M
$156.6M
Q2 24
$646.0M
$186.4M
Q1 24
$616.8M
$224.9M
Total Assets
AMAL
AMAL
ARQT
ARQT
Q4 25
$8.9B
$433.0M
Q3 25
$8.7B
$371.0M
Q2 25
$8.6B
$352.4M
Q1 25
$8.3B
$344.1M
Q4 24
$8.3B
$348.9M
Q3 24
$8.4B
$437.4M
Q2 24
$8.3B
$444.8M
Q1 24
$8.1B
$478.5M
Debt / Equity
AMAL
AMAL
ARQT
ARQT
Q4 25
0.58×
Q3 25
0.69×
Q2 25
0.78×
Q1 25
0.75×
Q4 24
0.68×
Q3 24
1.31×
Q2 24
1.09×
Q1 24
0.90×

Cash Flow & Capital Efficiency

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

Metric
AMAL
AMAL
ARQT
ARQT
Operating Cash FlowLast quarter
$135.8M
$26.2M
Free Cash FlowOCF − Capex
$134.4M
FCF MarginFCF / Revenue
157.8%
Capex IntensityCapex / Revenue
1.6%
0.0%
Cash ConversionOCF / Net Profit
1.51×
TTM Free Cash FlowTrailing 4 quarters
$229.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMAL
AMAL
ARQT
ARQT
Q4 25
$135.8M
$26.2M
Q3 25
$39.5M
$-1.8M
Q2 25
$24.9M
$324.0K
Q1 25
$34.2M
$-30.4M
Q4 24
$124.1M
$-748.0K
Q3 24
$35.8M
$-34.7M
Q2 24
$28.0M
$-45.1M
Q1 24
$31.3M
$-31.6M
Free Cash Flow
AMAL
AMAL
ARQT
ARQT
Q4 25
$134.4M
Q3 25
$38.3M
Q2 25
$24.2M
$246.0K
Q1 25
$32.5M
$-31.0M
Q4 24
$122.3M
Q3 24
$35.2M
$-34.8M
Q2 24
$27.8M
Q1 24
$31.1M
FCF Margin
AMAL
AMAL
ARQT
ARQT
Q4 25
157.8%
Q3 25
44.7%
Q2 25
29.9%
0.3%
Q1 25
42.2%
-47.1%
Q4 24
157.0%
Q3 24
43.4%
-77.8%
Q2 24
35.4%
Q1 24
39.7%
Capex Intensity
AMAL
AMAL
ARQT
ARQT
Q4 25
1.6%
0.0%
Q3 25
1.4%
0.0%
Q2 25
0.9%
0.1%
Q1 25
2.3%
0.9%
Q4 24
2.3%
0.0%
Q3 24
0.7%
0.3%
Q2 24
0.3%
0.0%
Q1 24
0.3%
0.0%
Cash Conversion
AMAL
AMAL
ARQT
ARQT
Q4 25
1.51×
Q3 25
1.47×
-0.24×
Q2 25
0.96×
Q1 25
1.37×
Q4 24
Q3 24
1.28×
Q2 24
1.05×
Q1 24
1.15×

Financial Flow Comparison

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

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