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Side-by-side financial comparison of Arcutis Biotherapeutics, Inc. (ARQT) and FIRST COMMONWEALTH FINANCIAL CORP (FCF). Click either name above to swap in a different company.

FIRST COMMONWEALTH FINANCIAL CORP is the larger business by last-quarter revenue ($133.7M vs $129.5M, roughly 1.0× Arcutis Biotherapeutics, Inc.). FIRST COMMONWEALTH FINANCIAL CORP runs the higher net margin — 28.1% vs 13.4%, a 14.7% gap on every dollar of revenue. On growth, Arcutis Biotherapeutics, Inc. posted the faster year-over-year revenue change (81.5% vs 13.0%). Over the past eight quarters, Arcutis Biotherapeutics, Inc.'s revenue compounded faster (70.1% CAGR vs 5.5%).

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.

First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.

ARQT vs FCF — Head-to-Head

Bigger by revenue
FCF
FCF
1.0× larger
FCF
$133.7M
$129.5M
ARQT
Growing faster (revenue YoY)
ARQT
ARQT
+68.5% gap
ARQT
81.5%
13.0%
FCF
Higher net margin
FCF
FCF
14.7% more per $
FCF
28.1%
13.4%
ARQT
Faster 2-yr revenue CAGR
ARQT
ARQT
Annualised
ARQT
70.1%
5.5%
FCF

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
ARQT
ARQT
FCF
FCF
Revenue
$129.5M
$133.7M
Net Profit
$17.4M
$37.5M
Gross Margin
91.0%
Operating Margin
14.2%
Net Margin
13.4%
28.1%
Revenue YoY
81.5%
13.0%
Net Profit YoY
14.8%
EPS (diluted)
$0.13
$0.37

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
FCF
FCF
Q2 26
$129.5M
Q1 26
$105.4M
$133.7M
Q4 25
$129.5M
$137.9M
Q3 25
$99.2M
$136.0M
Q2 25
$81.5M
$131.0M
Q1 25
$65.8M
$118.0M
Q4 24
$71.4M
$120.4M
Q3 24
$44.8M
$121.2M
Net Profit
ARQT
ARQT
FCF
FCF
Q2 26
$17.4M
Q1 26
$-11.3M
$37.5M
Q4 25
$17.4M
$44.9M
Q3 25
$7.4M
$41.3M
Q2 25
$-15.9M
$33.4M
Q1 25
$-25.1M
$32.7M
Q4 24
$-10.8M
$35.8M
Q3 24
$-41.5M
$32.1M
Gross Margin
ARQT
ARQT
FCF
FCF
Q2 26
91.0%
Q1 26
90.7%
Q4 25
91.0%
Q3 25
91.2%
Q2 25
90.8%
Q1 25
86.6%
Q4 24
90.3%
Q3 24
87.7%
Operating Margin
ARQT
ARQT
FCF
FCF
Q2 26
14.2%
Q1 26
-8.6%
Q4 25
14.2%
40.9%
Q3 25
8.6%
38.1%
Q2 25
-17.9%
32.1%
Q1 25
-37.3%
34.8%
Q4 24
-10.7%
37.1%
Q3 24
-87.3%
33.4%
Net Margin
ARQT
ARQT
FCF
FCF
Q2 26
13.4%
Q1 26
-10.7%
28.1%
Q4 25
13.4%
32.5%
Q3 25
7.5%
30.4%
Q2 25
-19.5%
25.5%
Q1 25
-38.1%
27.7%
Q4 24
-15.1%
29.8%
Q3 24
-92.8%
26.5%
EPS (diluted)
ARQT
ARQT
FCF
FCF
Q2 26
$0.13
Q1 26
$-0.09
$0.37
Q4 25
$0.14
$0.44
Q3 25
$0.06
$0.39
Q2 25
$-0.13
$0.32
Q1 25
$-0.20
$0.32
Q4 24
$-0.09
$0.35
Q3 24
$-0.33
$0.31

Balance Sheet & Financial Strength

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

Metric
ARQT
ARQT
FCF
FCF
Cash + ST InvestmentsLiquidity on hand
$42.9M
Total DebtLower is stronger
$154.9M
Stockholders' EquityBook value
$189.5M
$1.6B
Total Assets
$433.0M
$12.3B
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARQT
ARQT
FCF
FCF
Q2 26
$42.9M
Q1 26
$34.8M
Q4 25
$42.9M
Q3 25
$47.1M
Q2 25
$72.7M
Q1 25
$53.1M
Q4 24
$71.3M
Q3 24
$134.9M
Total Debt
ARQT
ARQT
FCF
FCF
Q2 26
Q1 26
$154.9M
Q4 25
$109.0M
$261.7M
Q3 25
$108.5M
$262.1M
Q2 25
$108.0M
$262.4M
Q1 25
$107.6M
$262.7M
Q4 24
$107.2M
$263.0M
Q3 24
$204.6M
$136.3M
Stockholders' Equity
ARQT
ARQT
FCF
FCF
Q2 26
$189.5M
Q1 26
$189.6M
$1.6B
Q4 25
$189.5M
$1.6B
Q3 25
$158.1M
$1.5B
Q2 25
$139.0M
$1.5B
Q1 25
$142.7M
$1.4B
Q4 24
$157.5M
$1.4B
Q3 24
$156.6M
$1.4B
Total Assets
ARQT
ARQT
FCF
FCF
Q2 26
$433.0M
Q1 26
$460.0M
$12.3B
Q4 25
$433.0M
$12.3B
Q3 25
$371.0M
$12.3B
Q2 25
$352.4M
$12.2B
Q1 25
$344.1M
$11.8B
Q4 24
$348.9M
$11.6B
Q3 24
$437.4M
$12.0B
Debt / Equity
ARQT
ARQT
FCF
FCF
Q2 26
Q1 26
0.10×
Q4 25
0.58×
0.17×
Q3 25
0.69×
0.17×
Q2 25
0.78×
0.17×
Q1 25
0.75×
0.18×
Q4 24
0.68×
0.19×
Q3 24
1.31×
0.10×

Financial Flow Comparison

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

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