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

Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $264.0M, roughly 1.0× ARROWHEAD PHARMACEUTICALS, INC.). ARROWHEAD PHARMACEUTICALS, INC. runs the higher net margin — 11.7% vs 5.6%, a 6.0% gap on every dollar of revenue. On growth, ARROWHEAD PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (10461.3% vs 9.0%). ARROWHEAD PHARMACEUTICALS, INC. produced more free cash flow last quarter ($11.3M vs $-157.1M).

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.

Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...

ARWR vs FOR — Head-to-Head

Bigger by revenue
FOR
FOR
1.0× larger
FOR
$273.0M
$264.0M
ARWR
Growing faster (revenue YoY)
ARWR
ARWR
+10452.3% gap
ARWR
10461.3%
9.0%
FOR
Higher net margin
ARWR
ARWR
6.0% more per $
ARWR
11.7%
5.6%
FOR
More free cash flow
ARWR
ARWR
$168.4M more FCF
ARWR
$11.3M
$-157.1M
FOR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ARWR
ARWR
FOR
FOR
Revenue
$264.0M
$273.0M
Net Profit
$30.8M
$15.4M
Gross Margin
20.1%
Operating Margin
15.5%
7.6%
Net Margin
11.7%
5.6%
Revenue YoY
10461.3%
9.0%
Net Profit YoY
117.8%
-6.7%
EPS (diluted)
$0.22
$0.30

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
FOR
FOR
Q4 25
$264.0M
$273.0M
Q3 25
$670.5M
Q2 25
$390.5M
Q1 25
$351.0M
Q4 24
$250.4M
Q3 24
$551.3M
Q2 24
$318.4M
Q1 24
$333.8M
Net Profit
ARWR
ARWR
FOR
FOR
Q4 25
$30.8M
$15.4M
Q3 25
$86.9M
Q2 25
$32.9M
Q1 25
$31.6M
Q4 24
$16.5M
Q3 24
$81.5M
Q2 24
$38.7M
Q1 24
$45.0M
Gross Margin
ARWR
ARWR
FOR
FOR
Q4 25
20.1%
Q3 25
22.3%
Q2 25
20.4%
Q1 25
22.6%
Q4 24
22.0%
Q3 24
23.9%
Q2 24
22.5%
Q1 24
24.9%
Operating Margin
ARWR
ARWR
FOR
FOR
Q4 25
15.5%
7.6%
Q3 25
16.9%
Q2 25
11.2%
Q1 25
11.6%
Q4 24
8.7%
Q3 24
19.7%
Q2 24
16.2%
Q1 24
17.6%
Net Margin
ARWR
ARWR
FOR
FOR
Q4 25
11.7%
5.6%
Q3 25
13.0%
Q2 25
8.4%
Q1 25
9.0%
Q4 24
6.6%
Q3 24
14.8%
Q2 24
12.2%
Q1 24
13.5%
EPS (diluted)
ARWR
ARWR
FOR
FOR
Q4 25
$0.22
$0.30
Q3 25
$1.70
Q2 25
$0.65
Q1 25
$0.62
Q4 24
$0.32
Q3 24
$1.59
Q2 24
$0.76
Q1 24
$0.89

Balance Sheet & Financial Strength

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

Metric
ARWR
ARWR
FOR
FOR
Cash + ST InvestmentsLiquidity on hand
$715.0M
$211.7M
Total DebtLower is stronger
$793.2M
Stockholders' EquityBook value
$568.4M
$1.8B
Total Assets
$1.6B
$3.2B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARWR
ARWR
FOR
FOR
Q4 25
$715.0M
$211.7M
Q3 25
$379.2M
Q2 25
$189.2M
Q1 25
$174.3M
Q4 24
$132.0M
Q3 24
$481.2M
Q2 24
$359.2M
Q1 24
$416.2M
Total Debt
ARWR
ARWR
FOR
FOR
Q4 25
$793.2M
Q3 25
$802.7M
Q2 25
$872.8M
Q1 25
$872.5M
Q4 24
$806.8M
Q3 24
$706.4M
Q2 24
$706.1M
Q1 24
$705.7M
Stockholders' Equity
ARWR
ARWR
FOR
FOR
Q4 25
$568.4M
$1.8B
Q3 25
$1.8B
Q2 25
$1.7B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.5B
Q1 24
$1.5B
Total Assets
ARWR
ARWR
FOR
FOR
Q4 25
$1.6B
$3.2B
Q3 25
$3.1B
Q2 25
$3.1B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$2.8B
Q2 24
$2.7B
Q1 24
$2.6B
Debt / Equity
ARWR
ARWR
FOR
FOR
Q4 25
0.44×
Q3 25
0.45×
Q2 25
0.52×
Q1 25
0.53×
Q4 24
0.50×
Q3 24
0.44×
Q2 24
0.47×
Q1 24
0.48×

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
FOR
FOR
Operating Cash FlowLast quarter
$13.5M
$-157.0M
Free Cash FlowOCF − Capex
$11.3M
$-157.1M
FCF MarginFCF / Revenue
4.3%
-57.5%
Capex IntensityCapex / Revenue
0.8%
0.0%
Cash ConversionOCF / Net Profit
0.44×
-10.19×
TTM Free Cash FlowTrailing 4 quarters
$93.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARWR
ARWR
FOR
FOR
Q4 25
$13.5M
$-157.0M
Q3 25
$256.3M
Q2 25
$15.8M
Q1 25
$-19.8M
Q4 24
$-450.0M
Q3 24
$119.2M
Q2 24
$-61.7M
Q1 24
$-59.2M
Free Cash Flow
ARWR
ARWR
FOR
FOR
Q4 25
$11.3M
$-157.1M
Q3 25
$255.6M
Q2 25
$15.0M
Q1 25
$-20.5M
Q4 24
Q3 24
$118.4M
Q2 24
$-62.3M
Q1 24
$-59.8M
FCF Margin
ARWR
ARWR
FOR
FOR
Q4 25
4.3%
-57.5%
Q3 25
38.1%
Q2 25
3.8%
Q1 25
-5.8%
Q4 24
Q3 24
21.5%
Q2 24
-19.6%
Q1 24
-17.9%
Capex Intensity
ARWR
ARWR
FOR
FOR
Q4 25
0.8%
0.0%
Q3 25
0.1%
Q2 25
0.2%
Q1 25
0.2%
Q4 24
0.0%
Q3 24
0.1%
Q2 24
0.2%
Q1 24
0.2%
Cash Conversion
ARWR
ARWR
FOR
FOR
Q4 25
0.44×
-10.19×
Q3 25
2.95×
Q2 25
0.48×
Q1 25
-0.63×
Q4 24
-27.27×
Q3 24
1.46×
Q2 24
-1.59×
Q1 24
-1.32×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARWR
ARWR

Segment breakdown not available.

FOR
FOR

D.R.Horton Inc.$183.8M67%
Other$89.2M33%

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