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Side-by-side financial comparison of ARROWHEAD PHARMACEUTICALS, INC. (ARWR) and BOX INC (BOX). Click either name above to swap in a different company.

BOX INC is the larger business by last-quarter revenue ($301.1M vs $264.0M, roughly 1.1× ARROWHEAD PHARMACEUTICALS, INC.). ARROWHEAD PHARMACEUTICALS, INC. runs the higher net margin — 11.7% vs 4.0%, a 7.7% gap on every dollar of revenue. On growth, ARROWHEAD PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (10461.3% vs 9.1%). BOX INC produced more free cash flow last quarter ($71.3M vs $11.3M).

Arrowhead Pharmaceuticals, Inc. is a publicly traded biopharmaceutical company based in Pasadena, California. Arrowhead's products in development act through RNA interference (RNAi) mechanisms of action. The company focuses on treatments for hepatitis B, liver disease associated with alpha 1-antitrypsin deficiency and cardiovascular disease.

Box, Inc. is an American public company based in Redwood City, California. It develops and markets cloud-based content management, collaboration, and file sharing tools for businesses. Box was founded in 2005 by Aaron Levie and Dylan Smith. Initially, it focused on consumers, but around 2009 and 2010 Box pivoted to focus on business users. The company raised about $500 million over numerous funding rounds before going public in 2015. Its software allows users to store and manage files in an o...

ARWR vs BOX — Head-to-Head

Bigger by revenue
BOX
BOX
1.1× larger
BOX
$301.1M
$264.0M
ARWR
Growing faster (revenue YoY)
ARWR
ARWR
+10452.2% gap
ARWR
10461.3%
9.1%
BOX
Higher net margin
ARWR
ARWR
7.7% more per $
ARWR
11.7%
4.0%
BOX
More free cash flow
BOX
BOX
$60.0M more FCF
BOX
$71.3M
$11.3M
ARWR

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
ARWR
ARWR
BOX
BOX
Revenue
$264.0M
$301.1M
Net Profit
$30.8M
$12.1M
Gross Margin
79.6%
Operating Margin
15.5%
8.3%
Net Margin
11.7%
4.0%
Revenue YoY
10461.3%
9.1%
Net Profit YoY
117.8%
-6.4%
EPS (diluted)
$0.22
$0.05

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
ARWR
ARWR
BOX
BOX
Q4 25
$264.0M
$301.1M
Q3 25
$294.0M
Q2 25
$276.3M
Q1 25
$279.5M
Q4 24
$275.9M
Q3 24
$270.0M
Q2 24
$264.7M
Q1 24
$262.9M
Net Profit
ARWR
ARWR
BOX
BOX
Q4 25
$30.8M
$12.1M
Q3 25
$13.4M
Q2 25
$8.2M
Q1 25
$194.0M
Q4 24
$12.9M
Q3 24
$20.5M
Q2 24
$17.2M
Q1 24
$99.2M
Gross Margin
ARWR
ARWR
BOX
BOX
Q4 25
79.6%
Q3 25
79.1%
Q2 25
78.0%
Q1 25
79.0%
Q4 24
79.9%
Q3 24
79.4%
Q2 24
78.0%
Q1 24
76.1%
Operating Margin
ARWR
ARWR
BOX
BOX
Q4 25
15.5%
8.3%
Q3 25
7.0%
Q2 25
2.3%
Q1 25
6.4%
Q4 24
8.5%
Q3 24
7.5%
Q2 24
6.8%
Q1 24
8.1%
Net Margin
ARWR
ARWR
BOX
BOX
Q4 25
11.7%
4.0%
Q3 25
4.6%
Q2 25
3.0%
Q1 25
69.4%
Q4 24
4.7%
Q3 24
7.6%
Q2 24
6.5%
Q1 24
37.7%
EPS (diluted)
ARWR
ARWR
BOX
BOX
Q4 25
$0.22
$0.05
Q3 25
$0.05
Q2 25
$0.02
Q1 25
$1.13
Q4 24
$0.05
Q3 24
$0.10
Q2 24
$0.08
Q1 24
$0.57

Balance Sheet & Financial Strength

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

Metric
ARWR
ARWR
BOX
BOX
Cash + ST InvestmentsLiquidity on hand
$715.0M
$729.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$568.4M
$-286.6M
Total Assets
$1.6B
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARWR
ARWR
BOX
BOX
Q4 25
$715.0M
$729.6M
Q3 25
$757.9M
Q2 25
$790.4M
Q1 25
$722.8M
Q4 24
$697.9M
Q3 24
$482.2M
Q2 24
$566.1M
Q1 24
$480.7M
Stockholders' Equity
ARWR
ARWR
BOX
BOX
Q4 25
$568.4M
$-286.6M
Q3 25
$-269.4M
Q2 25
$-280.1M
Q1 25
$-297.0M
Q4 24
$-479.9M
Q3 24
$-439.4M
Q2 24
$-397.9M
Q1 24
$-431.1M
Total Assets
ARWR
ARWR
BOX
BOX
Q4 25
$1.6B
$1.6B
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.7B
Q4 24
$1.4B
Q3 24
$1.1B
Q2 24
$1.2B
Q1 24
$1.2B

Cash Flow & Capital Efficiency

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

Metric
ARWR
ARWR
BOX
BOX
Operating Cash FlowLast quarter
$13.5M
$73.0M
Free Cash FlowOCF − Capex
$11.3M
$71.3M
FCF MarginFCF / Revenue
4.3%
23.7%
Capex IntensityCapex / Revenue
0.8%
0.6%
Cash ConversionOCF / Net Profit
0.44×
6.05×
TTM Free Cash FlowTrailing 4 quarters
$343.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARWR
ARWR
BOX
BOX
Q4 25
$13.5M
$73.0M
Q3 25
$46.0M
Q2 25
$127.1M
Q1 25
$102.2M
Q4 24
$62.6M
Q3 24
$36.3M
Q2 24
$131.2M
Q1 24
$89.3M
Free Cash Flow
ARWR
ARWR
BOX
BOX
Q4 25
$11.3M
$71.3M
Q3 25
$43.9M
Q2 25
$126.7M
Q1 25
$101.5M
Q4 24
$62.3M
Q3 24
$35.9M
Q2 24
$129.9M
Q1 24
$89.1M
FCF Margin
ARWR
ARWR
BOX
BOX
Q4 25
4.3%
23.7%
Q3 25
14.9%
Q2 25
45.9%
Q1 25
36.3%
Q4 24
22.6%
Q3 24
13.3%
Q2 24
49.1%
Q1 24
33.9%
Capex Intensity
ARWR
ARWR
BOX
BOX
Q4 25
0.8%
0.6%
Q3 25
0.7%
Q2 25
0.1%
Q1 25
0.2%
Q4 24
0.1%
Q3 24
0.1%
Q2 24
0.5%
Q1 24
0.1%
Cash Conversion
ARWR
ARWR
BOX
BOX
Q4 25
0.44×
6.05×
Q3 25
3.42×
Q2 25
15.51×
Q1 25
0.53×
Q4 24
4.85×
Q3 24
1.77×
Q2 24
7.62×
Q1 24
0.90×

Financial Flow Comparison

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

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