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Side-by-side financial comparison of Arcutis Biotherapeutics, Inc. (ARQT) and Core Laboratories Inc. (CLB). Click either name above to swap in a different company.

Arcutis Biotherapeutics, Inc. is the larger business by last-quarter revenue ($129.5M vs $121.8M, roughly 1.1× Core Laboratories Inc.). Arcutis Biotherapeutics, Inc. runs the higher net margin — 13.4% vs 4.2%, a 9.2% gap on every dollar of revenue. On growth, Arcutis Biotherapeutics, Inc. posted the faster year-over-year revenue change (81.5% vs -1.4%). Over the past eight quarters, Arcutis Biotherapeutics, Inc.'s revenue compounded faster (70.1% CAGR vs -3.4%).

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.

Abbott Laboratories, commonly known as Abbott, is an American multinational medical devices and health care company with headquarters in Abbott Park, Illinois. The company produces pharmaceuticals for sale outside the United States, diagnostic products, nutritional products, and medical devices.

ARQT vs CLB — Head-to-Head

Bigger by revenue
ARQT
ARQT
1.1× larger
ARQT
$129.5M
$121.8M
CLB
Growing faster (revenue YoY)
ARQT
ARQT
+82.9% gap
ARQT
81.5%
-1.4%
CLB
Higher net margin
ARQT
ARQT
9.2% more per $
ARQT
13.4%
4.2%
CLB
Faster 2-yr revenue CAGR
ARQT
ARQT
Annualised
ARQT
70.1%
-3.4%
CLB

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
ARQT
ARQT
CLB
CLB
Revenue
$129.5M
$121.8M
Net Profit
$17.4M
$5.1M
Gross Margin
91.0%
Operating Margin
14.2%
1.5%
Net Margin
13.4%
4.2%
Revenue YoY
81.5%
-1.4%
Net Profit YoY
EPS (diluted)
$0.13
$0.11

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
ARQT
ARQT
CLB
CLB
Q2 26
$129.5M
Q1 26
$105.4M
$121.8M
Q4 25
$129.5M
$138.3M
Q3 25
$99.2M
$134.5M
Q2 25
$81.5M
$130.2M
Q1 25
$65.8M
$123.6M
Q4 24
$71.4M
$129.2M
Q3 24
$44.8M
$134.4M
Net Profit
ARQT
ARQT
CLB
CLB
Q2 26
$17.4M
Q1 26
$-11.3M
$5.1M
Q4 25
$17.4M
$4.9M
Q3 25
$7.4M
$14.2M
Q2 25
$-15.9M
$10.6M
Q1 25
$-25.1M
$-154.0K
Q4 24
$-10.8M
$7.4M
Q3 24
$-41.5M
$11.7M
Gross Margin
ARQT
ARQT
CLB
CLB
Q2 26
91.0%
Q1 26
90.7%
Q4 25
91.0%
20.8%
Q3 25
91.2%
22.0%
Q2 25
90.8%
20.3%
Q1 25
86.6%
19.5%
Q4 24
90.3%
17.8%
Q3 24
87.7%
20.5%
Operating Margin
ARQT
ARQT
CLB
CLB
Q2 26
14.2%
Q1 26
-8.6%
1.5%
Q4 25
14.2%
11.5%
Q3 25
8.6%
15.6%
Q2 25
-17.9%
11.7%
Q1 25
-37.3%
3.6%
Q4 24
-10.7%
11.0%
Q3 24
-87.3%
14.7%
Net Margin
ARQT
ARQT
CLB
CLB
Q2 26
13.4%
Q1 26
-10.7%
4.2%
Q4 25
13.4%
3.6%
Q3 25
7.5%
10.6%
Q2 25
-19.5%
8.2%
Q1 25
-38.1%
-0.1%
Q4 24
-15.1%
5.7%
Q3 24
-92.8%
8.7%
EPS (diluted)
ARQT
ARQT
CLB
CLB
Q2 26
$0.13
Q1 26
$-0.09
$0.11
Q4 25
$0.14
$0.11
Q3 25
$0.06
$0.30
Q2 25
$-0.13
$0.22
Q1 25
$-0.20
$0.00
Q4 24
$-0.09
$0.15
Q3 24
$-0.33
$0.25

Balance Sheet & Financial Strength

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

Metric
ARQT
ARQT
CLB
CLB
Cash + ST InvestmentsLiquidity on hand
$42.9M
$22.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$189.5M
$275.1M
Total Assets
$433.0M
$587.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARQT
ARQT
CLB
CLB
Q2 26
$42.9M
Q1 26
$34.8M
$22.8M
Q4 25
$42.9M
$22.7M
Q3 25
$47.1M
$25.6M
Q2 25
$72.7M
$31.2M
Q1 25
$53.1M
$22.1M
Q4 24
$71.3M
$19.2M
Q3 24
$134.9M
$21.5M
Total Debt
ARQT
ARQT
CLB
CLB
Q2 26
Q1 26
Q4 25
$109.0M
$110.3M
Q3 25
$108.5M
$114.1M
Q2 25
$108.0M
$124.6M
Q1 25
$107.6M
$124.4M
Q4 24
$107.2M
$126.1M
Q3 24
$204.6M
$139.9M
Stockholders' Equity
ARQT
ARQT
CLB
CLB
Q2 26
$189.5M
Q1 26
$189.6M
$275.1M
Q4 25
$189.5M
$266.0M
Q3 25
$158.1M
$271.3M
Q2 25
$139.0M
$261.3M
Q1 25
$142.7M
$253.4M
Q4 24
$157.5M
$246.6M
Q3 24
$156.6M
$250.7M
Total Assets
ARQT
ARQT
CLB
CLB
Q2 26
$433.0M
Q1 26
$460.0M
$587.7M
Q4 25
$433.0M
$584.0M
Q3 25
$371.0M
$591.4M
Q2 25
$352.4M
$602.1M
Q1 25
$344.1M
$591.5M
Q4 24
$348.9M
$585.1M
Q3 24
$437.4M
$600.5M
Debt / Equity
ARQT
ARQT
CLB
CLB
Q2 26
Q1 26
Q4 25
0.58×
0.41×
Q3 25
0.69×
0.42×
Q2 25
0.78×
0.48×
Q1 25
0.75×
0.49×
Q4 24
0.68×
0.51×
Q3 24
1.31×
0.56×

Cash Flow & Capital Efficiency

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

Metric
ARQT
ARQT
CLB
CLB
Operating Cash FlowLast quarter
$4.0M
Free Cash FlowOCF − Capex
$517.0K
FCF MarginFCF / Revenue
0.4%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.77×
TTM Free Cash FlowTrailing 4 quarters
$22.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARQT
ARQT
CLB
CLB
Q2 26
Q1 26
$4.0M
Q4 25
$26.2M
$7.9M
Q3 25
$-1.8M
$8.5M
Q2 25
$324.0K
$13.9M
Q1 25
$-30.4M
$6.7M
Q4 24
$-748.0K
$20.6M
Q3 24
$-34.7M
$13.1M
Free Cash Flow
ARQT
ARQT
CLB
CLB
Q2 26
Q1 26
$517.0K
Q4 25
$5.0M
Q3 25
$6.5M
Q2 25
$246.0K
$10.4M
Q1 25
$-31.0M
$3.9M
Q4 24
$17.4M
Q3 24
$-34.8M
$10.4M
FCF Margin
ARQT
ARQT
CLB
CLB
Q2 26
Q1 26
0.4%
Q4 25
3.6%
Q3 25
4.8%
Q2 25
0.3%
8.0%
Q1 25
-47.1%
3.1%
Q4 24
13.4%
Q3 24
-77.8%
7.7%
Capex Intensity
ARQT
ARQT
CLB
CLB
Q2 26
Q1 26
Q4 25
0.0%
2.1%
Q3 25
0.0%
1.5%
Q2 25
0.1%
2.7%
Q1 25
0.9%
2.3%
Q4 24
0.0%
2.5%
Q3 24
0.3%
2.0%
Cash Conversion
ARQT
ARQT
CLB
CLB
Q2 26
Q1 26
0.77×
Q4 25
1.51×
1.61×
Q3 25
-0.24×
0.60×
Q2 25
1.31×
Q1 25
Q4 24
2.78×
Q3 24
1.12×

Financial Flow Comparison

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

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