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Side-by-side financial comparison of ARROWHEAD PHARMACEUTICALS, INC. (ARWR) and WARRIOR MET COAL, INC. (HCC). Click either name above to swap in a different company.

WARRIOR MET COAL, INC. is the larger business by last-quarter revenue ($458.6M vs $264.0M, roughly 1.7× ARROWHEAD PHARMACEUTICALS, INC.). WARRIOR MET COAL, INC. runs the higher net margin — 15.8% vs 11.7%, a 4.1% gap on every dollar of revenue. On growth, ARROWHEAD PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (10461.3% vs 52.1%).

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.

Warrior Met Coal, Inc. (ticker HCC) is a U.S.-headquartered mining enterprise that produces and distributes high-grade metallurgical coal, a key raw material for steel production. It serves steel manufacturers and industrial clients across core markets including North America, Europe, and Asia.

ARWR vs HCC — Head-to-Head

Bigger by revenue
HCC
HCC
1.7× larger
HCC
$458.6M
$264.0M
ARWR
Growing faster (revenue YoY)
ARWR
ARWR
+10409.3% gap
ARWR
10461.3%
52.1%
HCC
Higher net margin
HCC
HCC
4.1% more per $
HCC
15.8%
11.7%
ARWR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ARWR
ARWR
HCC
HCC
Revenue
$264.0M
$458.6M
Net Profit
$30.8M
$72.3M
Gross Margin
36.7%
Operating Margin
15.5%
17.3%
Net Margin
11.7%
15.8%
Revenue YoY
10461.3%
52.1%
Net Profit YoY
117.8%
EPS (diluted)
$0.22
$1.37

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
HCC
HCC
Q1 26
$458.6M
Q4 25
$264.0M
$384.0M
Q3 25
$328.6M
Q2 25
$297.5M
Q1 25
$299.9M
Q4 24
$297.5M
Q3 24
$327.7M
Q2 24
$396.5M
Net Profit
ARWR
ARWR
HCC
HCC
Q1 26
$72.3M
Q4 25
$30.8M
$23.0M
Q3 25
$36.6M
Q2 25
$5.6M
Q1 25
$-8.2M
Q4 24
$1.1M
Q3 24
$41.8M
Q2 24
$70.7M
Gross Margin
ARWR
ARWR
HCC
HCC
Q1 26
36.7%
Q4 25
29.5%
Q3 25
27.1%
Q2 25
23.9%
Q1 25
18.1%
Q4 24
23.1%
Q3 24
29.3%
Q2 24
34.1%
Operating Margin
ARWR
ARWR
HCC
HCC
Q1 26
17.3%
Q4 25
15.5%
9.0%
Q3 25
6.3%
Q2 25
2.6%
Q1 25
-5.8%
Q4 24
-1.4%
Q3 24
11.9%
Q2 24
17.9%
Net Margin
ARWR
ARWR
HCC
HCC
Q1 26
15.8%
Q4 25
11.7%
6.0%
Q3 25
11.1%
Q2 25
1.9%
Q1 25
-2.7%
Q4 24
0.4%
Q3 24
12.7%
Q2 24
17.8%
EPS (diluted)
ARWR
ARWR
HCC
HCC
Q1 26
$1.37
Q4 25
$0.22
$0.43
Q3 25
$0.70
Q2 25
$0.11
Q1 25
$-0.16
Q4 24
$0.02
Q3 24
$0.80
Q2 24
$1.35

Balance Sheet & Financial Strength

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

Metric
ARWR
ARWR
HCC
HCC
Cash + ST InvestmentsLiquidity on hand
$715.0M
$233.2M
Total DebtLower is stronger
$154.4M
Stockholders' EquityBook value
$568.4M
Total Assets
$1.6B
$2.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARWR
ARWR
HCC
HCC
Q1 26
$233.2M
Q4 25
$715.0M
$300.0M
Q3 25
$336.3M
Q2 25
$383.3M
Q1 25
$454.9M
Q4 24
$491.5M
Q3 24
$583.2M
Q2 24
$709.0M
Total Debt
ARWR
ARWR
HCC
HCC
Q1 26
$154.4M
Q4 25
$154.3M
Q3 25
$154.1M
Q2 25
$153.9M
Q1 25
$153.8M
Q4 24
$153.6M
Q3 24
$153.5M
Q2 24
$153.3M
Stockholders' Equity
ARWR
ARWR
HCC
HCC
Q1 26
Q4 25
$568.4M
$2.1B
Q3 25
$2.1B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$2.0B
Total Assets
ARWR
ARWR
HCC
HCC
Q1 26
$2.8B
Q4 25
$1.6B
$2.8B
Q3 25
$2.7B
Q2 25
$2.6B
Q1 25
$2.6B
Q4 24
$2.6B
Q3 24
$2.6B
Q2 24
$2.6B
Debt / Equity
ARWR
ARWR
HCC
HCC
Q1 26
Q4 25
0.07×
Q3 25
0.07×
Q2 25
0.07×
Q1 25
0.07×
Q4 24
0.07×
Q3 24
0.07×
Q2 24
0.07×

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
HCC
HCC
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
HCC
HCC
Q1 26
Q4 25
$13.5M
$76.1M
Q3 25
$104.7M
Q2 25
$37.5M
Q1 25
$10.9M
Q4 24
$54.2M
Q3 24
$62.2M
Q2 24
$147.0M
Free Cash Flow
ARWR
ARWR
HCC
HCC
Q1 26
Q4 25
$11.3M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
ARWR
ARWR
HCC
HCC
Q1 26
Q4 25
4.3%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
ARWR
ARWR
HCC
HCC
Q1 26
Q4 25
0.8%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
ARWR
ARWR
HCC
HCC
Q1 26
Q4 25
0.44×
3.31×
Q3 25
2.86×
Q2 25
6.70×
Q1 25
Q4 24
47.68×
Q3 24
1.49×
Q2 24
2.08×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARWR
ARWR

Segment breakdown not available.

HCC
HCC

Sales$448.5M98%
Other revenues$10.1M2%

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