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Side-by-side financial comparison of ARVINAS, INC. (ARVN) and FIRST UNITED CORP (FUNC). Click either name above to swap in a different company.

ARVINAS, INC. is the larger business by last-quarter revenue ($41.9M vs $23.2M, roughly 1.8× FIRST UNITED CORP). FIRST UNITED CORP runs the higher net margin — 24.9% vs -83.8%, a 108.7% gap on every dollar of revenue. On growth, FIRST UNITED CORP posted the faster year-over-year revenue change (11.9% vs -59.1%). FIRST UNITED CORP produced more free cash flow last quarter ($15.4M vs $-59.2M). Over the past eight quarters, FIRST UNITED CORP's revenue compounded faster (11.5% CAGR vs 10.0%).

Arvinas, Inc. is a clinical-stage biotechnology company focused on developing targeted protein degradation therapies, including PROTAC molecules, to treat cancer and rare diseases. It operates primarily in the U.S. and global biopharma markets, advancing multiple pipeline candidates through clinical trials to address unmet medical needs.

United Breweries Holdings Limited (UBHL), also called UB Group, is the Indian subsidiary of Heineken N.V.. It is headquartered in UB City, Bangalore, Karnataka. Its core business includes beverages and investments in various sectors. The company markets beer under the Kingfisher brand, and owns various other brands of alcoholic beverages. United Breweries is India's largest producer of beer.

ARVN vs FUNC — Head-to-Head

Bigger by revenue
ARVN
ARVN
1.8× larger
ARVN
$41.9M
$23.2M
FUNC
Growing faster (revenue YoY)
FUNC
FUNC
+71.0% gap
FUNC
11.9%
-59.1%
ARVN
Higher net margin
FUNC
FUNC
108.7% more per $
FUNC
24.9%
-83.8%
ARVN
More free cash flow
FUNC
FUNC
$74.6M more FCF
FUNC
$15.4M
$-59.2M
ARVN
Faster 2-yr revenue CAGR
FUNC
FUNC
Annualised
FUNC
11.5%
10.0%
ARVN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ARVN
ARVN
FUNC
FUNC
Revenue
$41.9M
$23.2M
Net Profit
$-35.1M
$5.8M
Gross Margin
Operating Margin
-104.5%
32.9%
Net Margin
-83.8%
24.9%
Revenue YoY
-59.1%
11.9%
Net Profit YoY
28.7%
-6.6%
EPS (diluted)
$-0.48
$0.89

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
ARVN
ARVN
FUNC
FUNC
Q4 25
$23.2M
Q3 25
$41.9M
$22.7M
Q2 25
$21.8M
Q1 25
$188.8M
$20.9M
Q4 24
$59.2M
$20.8M
Q3 24
$102.4M
$20.3M
Q2 24
$76.5M
$20.1M
Q1 24
$25.3M
$18.7M
Net Profit
ARVN
ARVN
FUNC
FUNC
Q4 25
$5.8M
Q3 25
$-35.1M
$6.9M
Q2 25
$6.0M
Q1 25
$82.9M
$5.8M
Q4 24
$-45.1M
$6.2M
Q3 24
$-49.2M
$5.8M
Q2 24
$-35.2M
$4.9M
Q1 24
$-69.4M
$3.7M
Operating Margin
ARVN
ARVN
FUNC
FUNC
Q4 25
32.9%
Q3 25
-104.5%
40.6%
Q2 25
36.5%
Q1 25
37.8%
36.8%
Q4 24
-98.1%
39.2%
Q3 24
-58.9%
38.0%
Q2 24
-63.4%
32.5%
Q1 24
-329.2%
26.0%
Net Margin
ARVN
ARVN
FUNC
FUNC
Q4 25
24.9%
Q3 25
-83.8%
30.6%
Q2 25
27.5%
Q1 25
43.9%
27.7%
Q4 24
-76.2%
29.8%
Q3 24
-48.0%
28.5%
Q2 24
-46.0%
24.5%
Q1 24
-274.3%
19.8%
EPS (diluted)
ARVN
ARVN
FUNC
FUNC
Q4 25
$0.89
Q3 25
$-0.48
$1.07
Q2 25
$0.92
Q1 25
$1.14
$0.89
Q4 24
$-0.63
$0.95
Q3 24
$-0.68
$0.89
Q2 24
$-0.49
$0.75
Q1 24
$-0.97
$0.56

Balance Sheet & Financial Strength

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

Metric
ARVN
ARVN
FUNC
FUNC
Cash + ST InvestmentsLiquidity on hand
$787.6M
$131.6M
Total DebtLower is stronger
$600.0K
$95.9M
Stockholders' EquityBook value
$564.4M
$203.6M
Total Assets
$844.3M
$2.1B
Debt / EquityLower = less leverage
0.00×
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARVN
ARVN
FUNC
FUNC
Q4 25
$131.6M
Q3 25
$787.6M
$95.2M
Q2 25
$79.1M
Q1 25
$954.3M
$84.4M
Q4 24
$1.0B
$78.3M
Q3 24
$1.1B
$62.4M
Q2 24
$1.2B
$45.1M
Q1 24
$1.2B
$86.9M
Total Debt
ARVN
ARVN
FUNC
FUNC
Q4 25
$95.9M
Q3 25
$600.0K
$95.9M
Q2 25
$120.9M
Q1 25
$700.0K
$120.9M
Q4 24
$800.0K
$120.9M
Q3 24
$800.0K
$120.9M
Q2 24
$900.0K
$70.9M
Q1 24
$900.0K
$70.9M
Stockholders' Equity
ARVN
ARVN
FUNC
FUNC
Q4 25
$203.6M
Q3 25
$564.4M
$199.1M
Q2 25
$191.1M
Q1 25
$660.1M
$183.7M
Q4 24
$561.7M
$179.3M
Q3 24
$586.0M
$174.0M
Q2 24
$600.2M
$164.2M
Q1 24
$609.7M
$165.5M
Total Assets
ARVN
ARVN
FUNC
FUNC
Q4 25
$2.1B
Q3 25
$844.3M
$2.0B
Q2 25
$2.0B
Q1 25
$1.0B
$2.0B
Q4 24
$1.1B
$2.0B
Q3 24
$1.2B
$1.9B
Q2 24
$1.3B
$1.9B
Q1 24
$1.2B
$1.9B
Debt / Equity
ARVN
ARVN
FUNC
FUNC
Q4 25
0.47×
Q3 25
0.00×
0.48×
Q2 25
0.63×
Q1 25
0.00×
0.66×
Q4 24
0.00×
0.67×
Q3 24
0.00×
0.70×
Q2 24
0.00×
0.43×
Q1 24
0.00×
0.43×

Cash Flow & Capital Efficiency

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

Metric
ARVN
ARVN
FUNC
FUNC
Operating Cash FlowLast quarter
$-59.1M
$19.4M
Free Cash FlowOCF − Capex
$-59.2M
$15.4M
FCF MarginFCF / Revenue
-141.3%
66.3%
Capex IntensityCapex / Revenue
0.2%
17.1%
Cash ConversionOCF / Net Profit
3.35×
TTM Free Cash FlowTrailing 4 quarters
$-361.6M
$22.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARVN
ARVN
FUNC
FUNC
Q4 25
$19.4M
Q3 25
$-59.1M
$1.5M
Q2 25
$995.0K
Q1 25
$-88.9M
$7.0M
Q4 24
$-84.1M
$22.3M
Q3 24
$-128.0M
$2.3M
Q2 24
$50.3M
$7.2M
Q1 24
$-97.5M
$3.6M
Free Cash Flow
ARVN
ARVN
FUNC
FUNC
Q4 25
$15.4M
Q3 25
$-59.2M
$168.0K
Q2 25
$706.0K
Q1 25
$-89.3M
$6.4M
Q4 24
$-84.4M
$20.4M
Q3 24
$-128.7M
$588.0K
Q2 24
$49.6M
$7.0M
Q1 24
$-97.6M
$3.5M
FCF Margin
ARVN
ARVN
FUNC
FUNC
Q4 25
66.3%
Q3 25
-141.3%
0.7%
Q2 25
3.2%
Q1 25
-47.3%
30.5%
Q4 24
-142.6%
98.1%
Q3 24
-125.7%
2.9%
Q2 24
64.8%
35.1%
Q1 24
-385.8%
18.9%
Capex Intensity
ARVN
ARVN
FUNC
FUNC
Q4 25
17.1%
Q3 25
0.2%
5.9%
Q2 25
1.3%
Q1 25
0.2%
2.8%
Q4 24
0.5%
9.3%
Q3 24
0.7%
8.4%
Q2 24
0.9%
0.6%
Q1 24
0.4%
0.3%
Cash Conversion
ARVN
ARVN
FUNC
FUNC
Q4 25
3.35×
Q3 25
0.22×
Q2 25
0.17×
Q1 25
-1.07×
1.20×
Q4 24
3.60×
Q3 24
0.40×
Q2 24
1.46×
Q1 24
0.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARVN
ARVN

Segment breakdown not available.

FUNC
FUNC

Trust Department$9.8M42%
Other$5.6M24%
Debit Card Income$4.1M17%
Service Charges$2.3M10%
Brokerage Commissions$1.4M6%

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