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

ARROWHEAD PHARMACEUTICALS, INC. is the larger business by last-quarter revenue ($264.0M vs $205.9M, roughly 1.3× CECO ENVIRONMENTAL CORP). On growth, ARROWHEAD PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (10461.3% vs 16.5%).

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.

CECO Environmental Corp. is an American industrial technology company founded in 1966 and headquartered in Dallas, Texas. It is publicly traded on the Nasdaq Stock Market under the ticker symbol CECO. The company provides air pollution control technology, products, and services for industrial markets, including manufacturing, chemical processing, energy, and refining.

ARWR vs CECO — Head-to-Head

Bigger by revenue
ARWR
ARWR
1.3× larger
ARWR
$264.0M
$205.9M
CECO
Growing faster (revenue YoY)
ARWR
ARWR
+10444.8% gap
ARWR
10461.3%
16.5%
CECO

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ARWR
ARWR
CECO
CECO
Revenue
$264.0M
$205.9M
Net Profit
$30.8M
Gross Margin
31.0%
Operating Margin
15.5%
0.9%
Net Margin
11.7%
Revenue YoY
10461.3%
16.5%
Net Profit YoY
117.8%
EPS (diluted)
$0.22
$0.98

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
CECO
CECO
Q1 26
$205.9M
Q4 25
$264.0M
$214.7M
Q3 25
$197.6M
Q2 25
$185.4M
Q1 25
$176.7M
Q4 24
$158.6M
Q3 24
$135.5M
Q2 24
$137.5M
Net Profit
ARWR
ARWR
CECO
CECO
Q1 26
Q4 25
$30.8M
$3.1M
Q3 25
$1.5M
Q2 25
$9.5M
Q1 25
$36.0M
Q4 24
$4.9M
Q3 24
$2.1M
Q2 24
$4.5M
Gross Margin
ARWR
ARWR
CECO
CECO
Q1 26
31.0%
Q4 25
35.1%
Q3 25
32.7%
Q2 25
36.2%
Q1 25
35.2%
Q4 24
35.8%
Q3 24
33.4%
Q2 24
35.7%
Operating Margin
ARWR
ARWR
CECO
CECO
Q1 26
0.9%
Q4 25
15.5%
7.7%
Q3 25
4.8%
Q2 25
9.7%
Q1 25
35.0%
Q4 24
7.1%
Q3 24
5.3%
Q2 24
6.7%
Net Margin
ARWR
ARWR
CECO
CECO
Q1 26
Q4 25
11.7%
1.4%
Q3 25
0.8%
Q2 25
5.1%
Q1 25
20.4%
Q4 24
3.1%
Q3 24
1.5%
Q2 24
3.3%
EPS (diluted)
ARWR
ARWR
CECO
CECO
Q1 26
$0.98
Q4 25
$0.22
$0.09
Q3 25
$0.04
Q2 25
$0.26
Q1 25
$0.98
Q4 24
$0.14
Q3 24
$0.06
Q2 24
$0.12

Balance Sheet & Financial Strength

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

Metric
ARWR
ARWR
CECO
CECO
Cash + ST InvestmentsLiquidity on hand
$715.0M
$45.4M
Total DebtLower is stronger
$5.3M
Stockholders' EquityBook value
$568.4M
$317.2M
Total Assets
$1.6B
$1.0B
Debt / EquityLower = less leverage
0.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARWR
ARWR
CECO
CECO
Q1 26
$45.4M
Q4 25
$715.0M
$33.1M
Q3 25
$32.8M
Q2 25
$36.8M
Q1 25
$146.5M
Q4 24
$37.8M
Q3 24
$38.7M
Q2 24
$36.5M
Total Debt
ARWR
ARWR
CECO
CECO
Q1 26
$5.3M
Q4 25
$212.4M
Q3 25
$220.9M
Q2 25
$238.7M
Q1 25
$339.7M
Q4 24
$218.9M
Q3 24
$133.4M
Q2 24
$130.8M
Stockholders' Equity
ARWR
ARWR
CECO
CECO
Q1 26
$317.2M
Q4 25
$568.4M
$317.5M
Q3 25
$309.2M
Q2 25
$298.4M
Q1 25
$285.8M
Q4 24
$247.7M
Q3 24
$241.3M
Q2 24
$235.0M
Total Assets
ARWR
ARWR
CECO
CECO
Q1 26
$1.0B
Q4 25
$1.6B
$893.8M
Q3 25
$891.9M
Q2 25
$876.6M
Q1 25
$957.1M
Q4 24
$759.7M
Q3 24
$621.5M
Q2 24
$598.1M
Debt / Equity
ARWR
ARWR
CECO
CECO
Q1 26
0.02×
Q4 25
0.67×
Q3 25
0.71×
Q2 25
0.80×
Q1 25
1.19×
Q4 24
0.88×
Q3 24
0.55×
Q2 24
0.56×

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
CECO
CECO
Operating Cash FlowLast quarter
$13.5M
Free Cash FlowOCF − Capex
$11.3M
FCF MarginFCF / Revenue
4.3%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
0.44×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARWR
ARWR
CECO
CECO
Q1 26
Q4 25
$13.5M
$10.0M
Q3 25
$15.3M
Q2 25
$-7.7M
Q1 25
$-11.7M
Q4 24
$1.8M
Q3 24
$15.1M
Q2 24
$6.7M
Free Cash Flow
ARWR
ARWR
CECO
CECO
Q1 26
Q4 25
$11.3M
$7.3M
Q3 25
$11.0M
Q2 25
$-8.7M
Q1 25
$-15.1M
Q4 24
$-4.3M
Q3 24
$11.1M
Q2 24
$2.5M
FCF Margin
ARWR
ARWR
CECO
CECO
Q1 26
Q4 25
4.3%
3.4%
Q3 25
5.6%
Q2 25
-4.7%
Q1 25
-8.5%
Q4 24
-2.7%
Q3 24
8.2%
Q2 24
1.9%
Capex Intensity
ARWR
ARWR
CECO
CECO
Q1 26
Q4 25
0.8%
1.2%
Q3 25
2.1%
Q2 25
0.6%
Q1 25
1.9%
Q4 24
3.9%
Q3 24
3.0%
Q2 24
3.0%
Cash Conversion
ARWR
ARWR
CECO
CECO
Q1 26
Q4 25
0.44×
3.26×
Q3 25
10.18×
Q2 25
-0.81×
Q1 25
-0.33×
Q4 24
0.37×
Q3 24
7.24×
Q2 24
1.49×

Financial Flow Comparison

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

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