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Side-by-side financial comparison of ARVINAS, INC. (ARVN) and WASHINGTON TRUST BANCORP INC (WASH). Click either name above to swap in a different company.

WASHINGTON TRUST BANCORP INC is the larger business by last-quarter revenue ($57.8M vs $41.9M, roughly 1.4× ARVINAS, INC.). WASHINGTON TRUST BANCORP INC runs the higher net margin — 21.8% vs -83.8%, a 105.6% gap on every dollar of revenue. Over the past eight quarters, ARVINAS, INC.'s revenue compounded faster (10.0% CAGR vs 9.5%).

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.

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

ARVN vs WASH — Head-to-Head

Bigger by revenue
WASH
WASH
1.4× larger
WASH
$57.8M
$41.9M
ARVN
Higher net margin
WASH
WASH
105.6% more per $
WASH
21.8%
-83.8%
ARVN
Faster 2-yr revenue CAGR
ARVN
ARVN
Annualised
ARVN
10.0%
9.5%
WASH

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ARVN
ARVN
WASH
WASH
Revenue
$41.9M
$57.8M
Net Profit
$-35.1M
$12.6M
Gross Margin
Operating Margin
-104.5%
Net Margin
-83.8%
21.8%
Revenue YoY
-59.1%
Net Profit YoY
28.7%
3.5%
EPS (diluted)
$-0.48
$0.66

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
WASH
WASH
Q1 26
$57.8M
Q4 25
$59.3M
Q3 25
$41.9M
$56.5M
Q2 25
$54.3M
Q1 25
$188.8M
$59.1M
Q4 24
$59.2M
$12.4M
Q3 24
$102.4M
$48.5M
Q2 24
$76.5M
$48.2M
Net Profit
ARVN
ARVN
WASH
WASH
Q1 26
$12.6M
Q4 25
$16.0M
Q3 25
$-35.1M
$10.8M
Q2 25
$13.2M
Q1 25
$82.9M
$12.2M
Q4 24
$-45.1M
$-60.8M
Q3 24
$-49.2M
$11.0M
Q2 24
$-35.2M
$10.8M
Operating Margin
ARVN
ARVN
WASH
WASH
Q1 26
Q4 25
34.9%
Q3 25
-104.5%
24.7%
Q2 25
31.6%
Q1 25
37.8%
26.5%
Q4 24
-98.1%
-648.7%
Q3 24
-58.9%
28.5%
Q2 24
-63.4%
28.7%
Net Margin
ARVN
ARVN
WASH
WASH
Q1 26
21.8%
Q4 25
27.0%
Q3 25
-83.8%
19.2%
Q2 25
24.4%
Q1 25
43.9%
20.6%
Q4 24
-76.2%
-491.4%
Q3 24
-48.0%
22.6%
Q2 24
-46.0%
22.4%
EPS (diluted)
ARVN
ARVN
WASH
WASH
Q1 26
$0.66
Q4 25
$0.84
Q3 25
$-0.48
$0.56
Q2 25
$0.68
Q1 25
$1.14
$0.63
Q4 24
$-0.63
$-3.54
Q3 24
$-0.68
$0.64
Q2 24
$-0.49
$0.63

Balance Sheet & Financial Strength

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

Metric
ARVN
ARVN
WASH
WASH
Cash + ST InvestmentsLiquidity on hand
$787.6M
$12.3M
Total DebtLower is stronger
$600.0K
Stockholders' EquityBook value
$564.4M
$546.8M
Total Assets
$844.3M
$6.5B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARVN
ARVN
WASH
WASH
Q1 26
$12.3M
Q4 25
Q3 25
$787.6M
Q2 25
Q1 25
$954.3M
Q4 24
$1.0B
Q3 24
$1.1B
Q2 24
$1.2B
Total Debt
ARVN
ARVN
WASH
WASH
Q1 26
Q4 25
Q3 25
$600.0K
Q2 25
Q1 25
$700.0K
Q4 24
$800.0K
Q3 24
$800.0K
Q2 24
$900.0K
Stockholders' Equity
ARVN
ARVN
WASH
WASH
Q1 26
$546.8M
Q4 25
$543.6M
Q3 25
$564.4M
$533.0M
Q2 25
$527.5M
Q1 25
$660.1M
$521.7M
Q4 24
$561.7M
$499.7M
Q3 24
$586.0M
$502.2M
Q2 24
$600.2M
$471.0M
Total Assets
ARVN
ARVN
WASH
WASH
Q1 26
$6.5B
Q4 25
$6.6B
Q3 25
$844.3M
$6.7B
Q2 25
$6.7B
Q1 25
$1.0B
$6.6B
Q4 24
$1.1B
$6.9B
Q3 24
$1.2B
$7.1B
Q2 24
$1.3B
$7.2B
Debt / Equity
ARVN
ARVN
WASH
WASH
Q1 26
Q4 25
Q3 25
0.00×
Q2 25
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×

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
WASH
WASH
Operating Cash FlowLast quarter
$-59.1M
Free Cash FlowOCF − Capex
$-59.2M
FCF MarginFCF / Revenue
-141.3%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-361.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARVN
ARVN
WASH
WASH
Q1 26
Q4 25
$80.3M
Q3 25
$-59.1M
$39.6M
Q2 25
$11.3M
Q1 25
$-88.9M
$8.4M
Q4 24
$-84.1M
$57.7M
Q3 24
$-128.0M
$25.7M
Q2 24
$50.3M
$11.2M
Free Cash Flow
ARVN
ARVN
WASH
WASH
Q1 26
Q4 25
$78.3M
Q3 25
$-59.2M
$39.3M
Q2 25
$10.9M
Q1 25
$-89.3M
$8.4M
Q4 24
$-84.4M
$53.7M
Q3 24
$-128.7M
$24.4M
Q2 24
$49.6M
$9.6M
FCF Margin
ARVN
ARVN
WASH
WASH
Q1 26
Q4 25
132.2%
Q3 25
-141.3%
69.6%
Q2 25
20.2%
Q1 25
-47.3%
14.2%
Q4 24
-142.6%
433.8%
Q3 24
-125.7%
50.4%
Q2 24
64.8%
19.8%
Capex Intensity
ARVN
ARVN
WASH
WASH
Q1 26
Q4 25
3.4%
Q3 25
0.2%
0.6%
Q2 25
0.7%
Q1 25
0.2%
0.1%
Q4 24
0.5%
32.3%
Q3 24
0.7%
2.6%
Q2 24
0.9%
3.4%
Cash Conversion
ARVN
ARVN
WASH
WASH
Q1 26
Q4 25
5.03×
Q3 25
3.65×
Q2 25
0.86×
Q1 25
-1.07×
0.69×
Q4 24
Q3 24
2.34×
Q2 24
1.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARVN
ARVN

Segment breakdown not available.

WASH
WASH

Net Interest Income$40.5M70%
Noninterest Income$17.3M30%

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