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

Federal Realty Investment Trust is the larger business by last-quarter revenue ($336.0M vs $264.0M, roughly 1.3× ARROWHEAD PHARMACEUTICALS, INC.). Federal Realty Investment Trust runs the higher net margin — 38.6% vs 11.7%, a 26.9% gap on every dollar of revenue. On growth, ARROWHEAD PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (10461.3% vs 8.7%).

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.

Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.

ARWR vs FRT — Head-to-Head

Bigger by revenue
FRT
FRT
1.3× larger
FRT
$336.0M
$264.0M
ARWR
Growing faster (revenue YoY)
ARWR
ARWR
+10452.6% gap
ARWR
10461.3%
8.7%
FRT
Higher net margin
FRT
FRT
26.9% more per $
FRT
38.6%
11.7%
ARWR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ARWR
ARWR
FRT
FRT
Revenue
$264.0M
$336.0M
Net Profit
$30.8M
$129.7M
Gross Margin
Operating Margin
15.5%
53.8%
Net Margin
11.7%
38.6%
Revenue YoY
10461.3%
8.7%
Net Profit YoY
117.8%
103.5%
EPS (diluted)
$0.22
$1.49

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
FRT
FRT
Q1 26
$336.0M
Q4 25
$264.0M
$336.0M
Q3 25
$322.3M
Q2 25
$311.5M
Q1 25
$309.2M
Q4 24
$311.4M
Q3 24
$303.6M
Q2 24
$296.1M
Net Profit
ARWR
ARWR
FRT
FRT
Q1 26
$129.7M
Q4 25
$30.8M
$129.7M
Q3 25
$61.6M
Q2 25
$155.9M
Q1 25
$63.8M
Q4 24
$65.5M
Q3 24
$61.0M
Q2 24
$112.0M
Operating Margin
ARWR
ARWR
FRT
FRT
Q1 26
53.8%
Q4 25
15.5%
53.8%
Q3 25
34.3%
Q2 25
65.1%
Q1 25
35.0%
Q4 24
35.1%
Q3 24
34.9%
Q2 24
53.0%
Net Margin
ARWR
ARWR
FRT
FRT
Q1 26
38.6%
Q4 25
11.7%
38.6%
Q3 25
19.1%
Q2 25
50.0%
Q1 25
20.6%
Q4 24
21.0%
Q3 24
20.1%
Q2 24
37.8%
EPS (diluted)
ARWR
ARWR
FRT
FRT
Q1 26
$1.49
Q4 25
$0.22
$1.49
Q3 25
$0.69
Q2 25
$1.78
Q1 25
$0.72
Q4 24
$0.74
Q3 24
$0.70
Q2 24
$1.32

Balance Sheet & Financial Strength

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

Metric
ARWR
ARWR
FRT
FRT
Cash + ST InvestmentsLiquidity on hand
$715.0M
$107.4M
Total DebtLower is stronger
$5.0B
Stockholders' EquityBook value
$568.4M
$3.2B
Total Assets
$1.6B
$9.1B
Debt / EquityLower = less leverage
1.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARWR
ARWR
FRT
FRT
Q1 26
$107.4M
Q4 25
$715.0M
$107.4M
Q3 25
$111.3M
Q2 25
$177.0M
Q1 25
$109.2M
Q4 24
$123.4M
Q3 24
$97.0M
Q2 24
$103.2M
Total Debt
ARWR
ARWR
FRT
FRT
Q1 26
$5.0B
Q4 25
$5.0B
Q3 25
Q2 25
Q1 25
Q4 24
$4.5B
Q3 24
Q2 24
Stockholders' Equity
ARWR
ARWR
FRT
FRT
Q1 26
$3.2B
Q4 25
$568.4M
$3.2B
Q3 25
$3.2B
Q2 25
$3.2B
Q1 25
$3.2B
Q4 24
$3.2B
Q3 24
$3.1B
Q2 24
$3.0B
Total Assets
ARWR
ARWR
FRT
FRT
Q1 26
$9.1B
Q4 25
$1.6B
$9.1B
Q3 25
$8.9B
Q2 25
$8.6B
Q1 25
$8.6B
Q4 24
$8.5B
Q3 24
$8.5B
Q2 24
$8.4B
Debt / Equity
ARWR
ARWR
FRT
FRT
Q1 26
1.53×
Q4 25
1.53×
Q3 25
Q2 25
Q1 25
Q4 24
1.42×
Q3 24
Q2 24

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
FRT
FRT
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
FRT
FRT
Q1 26
Q4 25
$13.5M
$622.4M
Q3 25
$147.8M
Q2 25
$150.7M
Q1 25
$179.0M
Q4 24
$574.6M
Q3 24
$144.1M
Q2 24
$169.7M
Free Cash Flow
ARWR
ARWR
FRT
FRT
Q1 26
Q4 25
$11.3M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
ARWR
ARWR
FRT
FRT
Q1 26
Q4 25
4.3%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
ARWR
ARWR
FRT
FRT
Q1 26
Q4 25
0.8%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
ARWR
ARWR
FRT
FRT
Q1 26
Q4 25
0.44×
4.80×
Q3 25
2.40×
Q2 25
0.97×
Q1 25
2.81×
Q4 24
8.77×
Q3 24
2.36×
Q2 24
1.52×

Financial Flow Comparison

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

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