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

Clearway Energy, Inc. is the larger business by last-quarter revenue ($354.0M vs $264.0M, roughly 1.3× ARROWHEAD PHARMACEUTICALS, INC.). ARROWHEAD PHARMACEUTICALS, INC. runs the higher net margin — 11.7% vs -19.2%, a 30.9% gap on every dollar of revenue. On growth, ARROWHEAD PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (10461.3% vs 18.8%).

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.

NRG Energy, Inc. is an American energy company, headquartered in Houston, Texas. It was formerly the wholesale arm of Northern States Power Company (NSP), which became Xcel Energy, but became independent in 2000. NRG Energy is involved in energy generation and retail electricity. Their portfolio includes natural gas generation, coal generation, oil generation, nuclear generation, wind generation, utility-scale generation, and distributed solar generation. NRG serves over 7 million retail cust...

ARWR vs CWEN — Head-to-Head

Bigger by revenue
CWEN
CWEN
1.3× larger
CWEN
$354.0M
$264.0M
ARWR
Growing faster (revenue YoY)
ARWR
ARWR
+10442.5% gap
ARWR
10461.3%
18.8%
CWEN
Higher net margin
ARWR
ARWR
30.9% more per $
ARWR
11.7%
-19.2%
CWEN

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ARWR
ARWR
CWEN
CWEN
Revenue
$264.0M
$354.0M
Net Profit
$30.8M
$-68.0M
Gross Margin
Operating Margin
15.5%
5.6%
Net Margin
11.7%
-19.2%
Revenue YoY
10461.3%
18.8%
Net Profit YoY
117.8%
34.6%
EPS (diluted)
$0.22

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
CWEN
CWEN
Q1 26
$354.0M
Q4 25
$264.0M
$310.0M
Q3 25
$429.0M
Q2 25
$392.0M
Q1 25
$298.0M
Q4 24
$256.0M
Q3 24
$486.0M
Q2 24
$366.0M
Net Profit
ARWR
ARWR
CWEN
CWEN
Q1 26
$-68.0M
Q4 25
$30.8M
$-104.0M
Q3 25
$236.0M
Q2 25
$33.0M
Q1 25
$4.0M
Q4 24
$3.0M
Q3 24
$36.0M
Q2 24
$51.0M
Gross Margin
ARWR
ARWR
CWEN
CWEN
Q1 26
Q4 25
51.9%
Q3 25
70.2%
Q2 25
66.6%
Q1 25
59.1%
Q4 24
52.0%
Q3 24
72.2%
Q2 24
68.0%
Operating Margin
ARWR
ARWR
CWEN
CWEN
Q1 26
5.6%
Q4 25
15.5%
-11.9%
Q3 25
26.1%
Q2 25
21.7%
Q1 25
Q4 24
-14.5%
Q3 24
36.6%
Q2 24
23.0%
Net Margin
ARWR
ARWR
CWEN
CWEN
Q1 26
-19.2%
Q4 25
11.7%
-33.5%
Q3 25
55.0%
Q2 25
8.4%
Q1 25
1.3%
Q4 24
1.2%
Q3 24
7.4%
Q2 24
13.9%
EPS (diluted)
ARWR
ARWR
CWEN
CWEN
Q1 26
Q4 25
$0.22
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Balance Sheet & Financial Strength

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

Metric
ARWR
ARWR
CWEN
CWEN
Cash + ST InvestmentsLiquidity on hand
$715.0M
$325.0M
Total DebtLower is stronger
$9.1B
Stockholders' EquityBook value
$568.4M
$5.5B
Total Assets
$1.6B
$16.9B
Debt / EquityLower = less leverage
1.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARWR
ARWR
CWEN
CWEN
Q1 26
$325.0M
Q4 25
$715.0M
$231.0M
Q3 25
$251.0M
Q2 25
$260.0M
Q1 25
$297.0M
Q4 24
$332.0M
Q3 24
$292.0M
Q2 24
$226.0M
Total Debt
ARWR
ARWR
CWEN
CWEN
Q1 26
$9.1B
Q4 25
$7.9B
Q3 25
$8.1B
Q2 25
$8.3B
Q1 25
$7.2B
Q4 24
$6.8B
Q3 24
$6.7B
Q2 24
$6.8B
Stockholders' Equity
ARWR
ARWR
CWEN
CWEN
Q1 26
$5.5B
Q4 25
$568.4M
$5.8B
Q3 25
$5.7B
Q2 25
$5.5B
Q1 25
$5.4B
Q4 24
$5.6B
Q3 24
$5.6B
Q2 24
$5.7B
Total Assets
ARWR
ARWR
CWEN
CWEN
Q1 26
$16.9B
Q4 25
$1.6B
$16.7B
Q3 25
$16.1B
Q2 25
$16.0B
Q1 25
$14.6B
Q4 24
$14.3B
Q3 24
$14.2B
Q2 24
$14.5B
Debt / Equity
ARWR
ARWR
CWEN
CWEN
Q1 26
1.66×
Q4 25
1.36×
Q3 25
1.41×
Q2 25
1.49×
Q1 25
1.33×
Q4 24
1.21×
Q3 24
1.20×
Q2 24
1.19×

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
CWEN
CWEN
Operating Cash FlowLast quarter
$13.5M
$401.0M
Free Cash FlowOCF − Capex
$11.3M
FCF MarginFCF / Revenue
4.3%
Capex IntensityCapex / Revenue
0.8%
21.2%
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
CWEN
CWEN
Q1 26
$401.0M
Q4 25
$13.5M
$177.0M
Q3 25
$225.0M
Q2 25
$191.0M
Q1 25
$95.0M
Q4 24
$192.0M
Q3 24
$301.0M
Q2 24
$196.0M
Free Cash Flow
ARWR
ARWR
CWEN
CWEN
Q1 26
Q4 25
$11.3M
$71.0M
Q3 25
$144.0M
Q2 25
$115.0M
Q1 25
$39.0M
Q4 24
$142.0M
Q3 24
$266.0M
Q2 24
$92.0M
FCF Margin
ARWR
ARWR
CWEN
CWEN
Q1 26
Q4 25
4.3%
22.9%
Q3 25
33.6%
Q2 25
29.3%
Q1 25
13.1%
Q4 24
55.5%
Q3 24
54.7%
Q2 24
25.1%
Capex Intensity
ARWR
ARWR
CWEN
CWEN
Q1 26
21.2%
Q4 25
0.8%
34.2%
Q3 25
18.9%
Q2 25
19.4%
Q1 25
18.8%
Q4 24
19.5%
Q3 24
7.2%
Q2 24
28.4%
Cash Conversion
ARWR
ARWR
CWEN
CWEN
Q1 26
Q4 25
0.44×
Q3 25
0.95×
Q2 25
5.79×
Q1 25
23.75×
Q4 24
64.00×
Q3 24
8.36×
Q2 24
3.84×

Financial Flow Comparison

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

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