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

ARROWHEAD PHARMACEUTICALS, INC. is the larger business by last-quarter revenue ($264.0M vs $164.7M, roughly 1.6× FIRST FINANCIAL BANKSHARES INC). FIRST FINANCIAL BANKSHARES INC runs the higher net margin — 44.5% vs 11.7%, a 32.8% gap on every dollar of revenue. On growth, ARROWHEAD PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (10461.3% vs 12.0%). FIRST FINANCIAL BANKSHARES INC produced more free cash flow last quarter ($286.0M 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.

First Financial Bank is a regional bank operated by First Financial Corporation and based in Terre Haute, Indiana. It is the oldest national bank in Indiana and the fifth oldest national bank in the United States. First Financial Corporation is Vigo County's only publicly traded company.

ARWR vs FFIN — Head-to-Head

Bigger by revenue
ARWR
ARWR
1.6× larger
ARWR
$264.0M
$164.7M
FFIN
Growing faster (revenue YoY)
ARWR
ARWR
+10449.3% gap
ARWR
10461.3%
12.0%
FFIN
Higher net margin
FFIN
FFIN
32.8% more per $
FFIN
44.5%
11.7%
ARWR
More free cash flow
FFIN
FFIN
$274.7M more FCF
FFIN
$286.0M
$11.3M
ARWR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ARWR
ARWR
FFIN
FFIN
Revenue
$264.0M
$164.7M
Net Profit
$30.8M
$73.3M
Gross Margin
Operating Margin
15.5%
54.4%
Net Margin
11.7%
44.5%
Revenue YoY
10461.3%
12.0%
Net Profit YoY
117.8%
17.6%
EPS (diluted)
$0.22
$0.51

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
FFIN
FFIN
Q4 25
$264.0M
$164.7M
Q3 25
$161.3M
Q2 25
$156.6M
Q1 25
$149.0M
Q4 24
$147.1M
Q3 24
$139.5M
Q2 24
$134.5M
Q1 24
$129.6M
Net Profit
ARWR
ARWR
FFIN
FFIN
Q4 25
$30.8M
$73.3M
Q3 25
$52.3M
Q2 25
$66.7M
Q1 25
$61.3M
Q4 24
$62.3M
Q3 24
$55.3M
Q2 24
$52.5M
Q1 24
$53.4M
Operating Margin
ARWR
ARWR
FFIN
FFIN
Q4 25
15.5%
54.4%
Q3 25
39.2%
Q2 25
52.2%
Q1 25
50.4%
Q4 24
51.7%
Q3 24
48.3%
Q2 24
47.3%
Q1 24
50.0%
Net Margin
ARWR
ARWR
FFIN
FFIN
Q4 25
11.7%
44.5%
Q3 25
32.4%
Q2 25
42.6%
Q1 25
41.2%
Q4 24
42.4%
Q3 24
39.7%
Q2 24
39.0%
Q1 24
41.2%
EPS (diluted)
ARWR
ARWR
FFIN
FFIN
Q4 25
$0.22
$0.51
Q3 25
$0.36
Q2 25
$0.47
Q1 25
$0.43
Q4 24
$0.43
Q3 24
$0.39
Q2 24
$0.37
Q1 24
$0.37

Balance Sheet & Financial Strength

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

Metric
ARWR
ARWR
FFIN
FFIN
Cash + ST InvestmentsLiquidity on hand
$715.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$568.4M
$1.9B
Total Assets
$1.6B
$15.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARWR
ARWR
FFIN
FFIN
Q4 25
$715.0M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ARWR
ARWR
FFIN
FFIN
Q4 25
$568.4M
$1.9B
Q3 25
$1.8B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$1.6B
Q3 24
$1.7B
Q2 24
$1.5B
Q1 24
$1.5B
Total Assets
ARWR
ARWR
FFIN
FFIN
Q4 25
$1.6B
$15.4B
Q3 25
$14.8B
Q2 25
$14.4B
Q1 25
$14.3B
Q4 24
$14.0B
Q3 24
$13.6B
Q2 24
$13.2B
Q1 24
$13.2B

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
FFIN
FFIN
Operating Cash FlowLast quarter
$13.5M
$299.4M
Free Cash FlowOCF − Capex
$11.3M
$286.0M
FCF MarginFCF / Revenue
4.3%
173.6%
Capex IntensityCapex / Revenue
0.8%
8.2%
Cash ConversionOCF / Net Profit
0.44×
4.08×
TTM Free Cash FlowTrailing 4 quarters
$503.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARWR
ARWR
FFIN
FFIN
Q4 25
$13.5M
$299.4M
Q3 25
$86.5M
Q2 25
$61.3M
Q1 25
$76.8M
Q4 24
$309.6M
Q3 24
$80.7M
Q2 24
$68.8M
Q1 24
$75.6M
Free Cash Flow
ARWR
ARWR
FFIN
FFIN
Q4 25
$11.3M
$286.0M
Q3 25
$83.7M
Q2 25
$58.7M
Q1 25
$74.7M
Q4 24
$292.9M
Q3 24
$77.7M
Q2 24
$63.8M
Q1 24
$71.7M
FCF Margin
ARWR
ARWR
FFIN
FFIN
Q4 25
4.3%
173.6%
Q3 25
51.9%
Q2 25
37.5%
Q1 25
50.1%
Q4 24
199.1%
Q3 24
55.7%
Q2 24
47.4%
Q1 24
55.3%
Capex Intensity
ARWR
ARWR
FFIN
FFIN
Q4 25
0.8%
8.2%
Q3 25
1.7%
Q2 25
1.6%
Q1 25
1.4%
Q4 24
11.4%
Q3 24
2.2%
Q2 24
3.7%
Q1 24
3.0%
Cash Conversion
ARWR
ARWR
FFIN
FFIN
Q4 25
0.44×
4.08×
Q3 25
1.65×
Q2 25
0.92×
Q1 25
1.25×
Q4 24
4.97×
Q3 24
1.46×
Q2 24
1.31×
Q1 24
1.42×

Financial Flow Comparison

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

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