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Side-by-side financial comparison of Arcutis Biotherapeutics, Inc. (ARQT) and POWELL INDUSTRIES INC (POWL). Click either name above to swap in a different company.

POWELL INDUSTRIES INC is the larger business by last-quarter revenue ($251.2M vs $129.5M, roughly 1.9× Arcutis Biotherapeutics, Inc.). POWELL INDUSTRIES INC runs the higher net margin — 16.5% vs 13.4%, a 3.0% gap on every dollar of revenue. On growth, Arcutis Biotherapeutics, Inc. posted the faster year-over-year revenue change (81.5% vs 4.0%). Over the past eight quarters, Arcutis Biotherapeutics, Inc.'s revenue compounded faster (70.1% CAGR vs -0.8%).

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.

Powell Industries, Inc. is a manufacturer of Integrated/Packaged Solutions and Electrical Equipment to monitor and control the distribution of electrical power in commercial and industrial markets founded in 1947. Its headquarters is in Houston, Texas.

ARQT vs POWL — Head-to-Head

Bigger by revenue
POWL
POWL
1.9× larger
POWL
$251.2M
$129.5M
ARQT
Growing faster (revenue YoY)
ARQT
ARQT
+77.4% gap
ARQT
81.5%
4.0%
POWL
Higher net margin
POWL
POWL
3.0% more per $
POWL
16.5%
13.4%
ARQT
Faster 2-yr revenue CAGR
ARQT
ARQT
Annualised
ARQT
70.1%
-0.8%
POWL

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
ARQT
ARQT
POWL
POWL
Revenue
$129.5M
$251.2M
Net Profit
$17.4M
$41.4M
Gross Margin
91.0%
28.4%
Operating Margin
14.2%
17.0%
Net Margin
13.4%
16.5%
Revenue YoY
81.5%
4.0%
Net Profit YoY
19.1%
EPS (diluted)
$0.13
$3.40

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
POWL
POWL
Q2 26
$129.5M
Q1 26
$105.4M
Q4 25
$129.5M
$251.2M
Q3 25
$99.2M
$298.0M
Q2 25
$81.5M
$286.3M
Q1 25
$65.8M
$278.6M
Q4 24
$71.4M
$241.4M
Q3 24
$44.8M
$275.1M
Net Profit
ARQT
ARQT
POWL
POWL
Q2 26
$17.4M
Q1 26
$-11.3M
Q4 25
$17.4M
$41.4M
Q3 25
$7.4M
$51.4M
Q2 25
$-15.9M
$48.2M
Q1 25
$-25.1M
$46.3M
Q4 24
$-10.8M
$34.8M
Q3 24
$-41.5M
$46.1M
Gross Margin
ARQT
ARQT
POWL
POWL
Q2 26
91.0%
Q1 26
90.7%
Q4 25
91.0%
28.4%
Q3 25
91.2%
31.4%
Q2 25
90.8%
30.7%
Q1 25
86.6%
29.9%
Q4 24
90.3%
24.7%
Q3 24
87.7%
29.2%
Operating Margin
ARQT
ARQT
POWL
POWL
Q2 26
14.2%
Q1 26
-8.6%
Q4 25
14.2%
17.0%
Q3 25
8.6%
21.2%
Q2 25
-17.9%
21.0%
Q1 25
-37.3%
21.1%
Q4 24
-10.7%
14.7%
Q3 24
-87.3%
20.4%
Net Margin
ARQT
ARQT
POWL
POWL
Q2 26
13.4%
Q1 26
-10.7%
Q4 25
13.4%
16.5%
Q3 25
7.5%
17.3%
Q2 25
-19.5%
16.8%
Q1 25
-38.1%
16.6%
Q4 24
-15.1%
14.4%
Q3 24
-92.8%
16.7%
EPS (diluted)
ARQT
ARQT
POWL
POWL
Q2 26
$0.13
Q1 26
$-0.09
Q4 25
$0.14
$3.40
Q3 25
$0.06
$4.23
Q2 25
$-0.13
$3.96
Q1 25
$-0.20
$3.81
Q4 24
$-0.09
$2.86
Q3 24
$-0.33
$3.77

Balance Sheet & Financial Strength

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

Metric
ARQT
ARQT
POWL
POWL
Cash + ST InvestmentsLiquidity on hand
$42.9M
$500.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$189.5M
$668.9M
Total Assets
$433.0M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARQT
ARQT
POWL
POWL
Q2 26
$42.9M
Q1 26
$34.8M
Q4 25
$42.9M
$500.8M
Q3 25
$47.1M
$475.5M
Q2 25
$72.7M
$433.0M
Q1 25
$53.1M
$389.3M
Q4 24
$71.3M
$373.4M
Q3 24
$134.9M
$358.4M
Total Debt
ARQT
ARQT
POWL
POWL
Q2 26
Q1 26
Q4 25
$109.0M
Q3 25
$108.5M
Q2 25
$108.0M
Q1 25
$107.6M
Q4 24
$107.2M
Q3 24
$204.6M
Stockholders' Equity
ARQT
ARQT
POWL
POWL
Q2 26
$189.5M
Q1 26
$189.6M
Q4 25
$189.5M
$668.9M
Q3 25
$158.1M
$640.8M
Q2 25
$139.0M
$594.9M
Q1 25
$142.7M
$541.4M
Q4 24
$157.5M
$496.3M
Q3 24
$156.6M
$483.1M
Total Assets
ARQT
ARQT
POWL
POWL
Q2 26
$433.0M
Q1 26
$460.0M
Q4 25
$433.0M
$1.1B
Q3 25
$371.0M
$1.1B
Q2 25
$352.4M
$1.0B
Q1 25
$344.1M
$965.4M
Q4 24
$348.9M
$912.7M
Q3 24
$437.4M
$928.2M
Debt / Equity
ARQT
ARQT
POWL
POWL
Q2 26
Q1 26
Q4 25
0.58×
Q3 25
0.69×
Q2 25
0.78×
Q1 25
0.75×
Q4 24
0.68×
Q3 24
1.31×

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
POWL
POWL
Operating Cash FlowLast quarter
$43.6M
Free Cash FlowOCF − Capex
$41.6M
FCF MarginFCF / Revenue
16.6%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
1.05×
TTM Free Cash FlowTrailing 4 quarters
$161.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARQT
ARQT
POWL
POWL
Q2 26
Q1 26
Q4 25
$26.2M
$43.6M
Q3 25
$-1.8M
$61.1M
Q2 25
$324.0K
$47.4M
Q1 25
$-30.4M
$22.4M
Q4 24
$-748.0K
$37.1M
Q3 24
$-34.7M
$-6.0M
Free Cash Flow
ARQT
ARQT
POWL
POWL
Q2 26
Q1 26
Q4 25
$41.6M
Q3 25
$59.3M
Q2 25
$246.0K
$42.3M
Q1 25
$-31.0M
$18.3M
Q4 24
$34.9M
Q3 24
$-34.8M
$-14.4M
FCF Margin
ARQT
ARQT
POWL
POWL
Q2 26
Q1 26
Q4 25
16.6%
Q3 25
19.9%
Q2 25
0.3%
14.8%
Q1 25
-47.1%
6.6%
Q4 24
14.4%
Q3 24
-77.8%
-5.3%
Capex Intensity
ARQT
ARQT
POWL
POWL
Q2 26
Q1 26
Q4 25
0.0%
0.8%
Q3 25
0.0%
0.6%
Q2 25
0.1%
1.8%
Q1 25
0.9%
1.5%
Q4 24
0.0%
0.9%
Q3 24
0.3%
3.1%
Cash Conversion
ARQT
ARQT
POWL
POWL
Q2 26
Q1 26
Q4 25
1.51×
1.05×
Q3 25
-0.24×
1.19×
Q2 25
0.98×
Q1 25
0.48×
Q4 24
1.07×
Q3 24
-0.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARQT
ARQT

Segment breakdown not available.

POWL
POWL

Oil And Gas Service$97.9M39%
Electricity$69.3M28%
Commercial And Other Industrial$40.6M16%
Petrochemical$22.8M9%
Other Customers$12.0M5%
Light Rail Traction Power Customer$8.6M3%

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