vs

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

New Fortress Energy Inc. is the larger business by last-quarter revenue ($326.2M vs $264.0M, roughly 1.2× ARROWHEAD PHARMACEUTICALS, INC.). ARROWHEAD PHARMACEUTICALS, INC. runs the higher net margin — 11.7% vs -259.7%, a 271.3% gap on every dollar of revenue. On growth, ARROWHEAD PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (10461.3% vs -7.0%). ARROWHEAD PHARMACEUTICALS, INC. produced more free cash flow last quarter ($11.3M vs $-134.8M).

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.

New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.

ARWR vs NFE — Head-to-Head

Bigger by revenue
NFE
NFE
1.2× larger
NFE
$326.2M
$264.0M
ARWR
Growing faster (revenue YoY)
ARWR
ARWR
+10468.3% gap
ARWR
10461.3%
-7.0%
NFE
Higher net margin
ARWR
ARWR
271.3% more per $
ARWR
11.7%
-259.7%
NFE
More free cash flow
ARWR
ARWR
$146.1M more FCF
ARWR
$11.3M
$-134.8M
NFE

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ARWR
ARWR
NFE
NFE
Revenue
$264.0M
$326.2M
Net Profit
$30.8M
$-847.1M
Gross Margin
35.5%
Operating Margin
15.5%
-193.0%
Net Margin
11.7%
-259.7%
Revenue YoY
10461.3%
-7.0%
Net Profit YoY
117.8%
-277.4%
EPS (diluted)
$0.22
$-3.03

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
NFE
NFE
Q4 25
$264.0M
$326.2M
Q3 25
$240.3M
Q2 25
$228.1M
Q1 25
$384.9M
Q4 24
$350.7M
Q3 24
$446.0M
Q2 24
$291.2M
Q1 24
$609.5M
Net Profit
ARWR
ARWR
NFE
NFE
Q4 25
$30.8M
$-847.1M
Q3 25
$-263.0M
Q2 25
$-546.5M
Q1 25
$-175.4M
Q4 24
$-224.4M
Q3 24
$9.3M
Q2 24
$-88.9M
Q1 24
$54.1M
Gross Margin
ARWR
ARWR
NFE
NFE
Q4 25
35.5%
Q3 25
18.1%
Q2 25
8.4%
Q1 25
21.4%
Q4 24
17.6%
Q3 24
27.1%
Q2 24
23.8%
Q1 24
62.4%
Operating Margin
ARWR
ARWR
NFE
NFE
Q4 25
15.5%
-193.0%
Q3 25
-37.4%
Q2 25
-170.3%
Q1 25
-3.3%
Q4 24
65.0%
Q3 24
17.8%
Q2 24
12.3%
Q1 24
30.4%
Net Margin
ARWR
ARWR
NFE
NFE
Q4 25
11.7%
-259.7%
Q3 25
-109.4%
Q2 25
-239.6%
Q1 25
-45.6%
Q4 24
-64.0%
Q3 24
2.1%
Q2 24
-30.5%
Q1 24
8.9%
EPS (diluted)
ARWR
ARWR
NFE
NFE
Q4 25
$0.22
$-3.03
Q3 25
$-0.96
Q2 25
$-1.99
Q1 25
$-0.65
Q4 24
$-1.10
Q3 24
$0.03
Q2 24
$-0.42
Q1 24
$0.23

Balance Sheet & Financial Strength

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

Metric
ARWR
ARWR
NFE
NFE
Cash + ST InvestmentsLiquidity on hand
$715.0M
$226.5M
Total DebtLower is stronger
$8.2B
Stockholders' EquityBook value
$568.4M
$182.6M
Total Assets
$1.6B
$10.6B
Debt / EquityLower = less leverage
44.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARWR
ARWR
NFE
NFE
Q4 25
$715.0M
$226.5M
Q3 25
$145.2M
Q2 25
$551.1M
Q1 25
$447.9M
Q4 24
$492.9M
Q3 24
$90.8M
Q2 24
$133.0M
Q1 24
$143.5M
Total Debt
ARWR
ARWR
NFE
NFE
Q4 25
$8.2B
Q3 25
Q2 25
Q1 25
Q4 24
$8.9B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ARWR
ARWR
NFE
NFE
Q4 25
$568.4M
$182.6M
Q3 25
$1.1B
Q2 25
$1.3B
Q1 25
$1.8B
Q4 24
$1.9B
Q3 24
$1.6B
Q2 24
$1.6B
Q1 24
$1.7B
Total Assets
ARWR
ARWR
NFE
NFE
Q4 25
$1.6B
$10.6B
Q3 25
$12.0B
Q2 25
$12.0B
Q1 25
$13.1B
Q4 24
$12.9B
Q3 24
$12.0B
Q2 24
$11.4B
Q1 24
$10.9B
Debt / Equity
ARWR
ARWR
NFE
NFE
Q4 25
44.78×
Q3 25
Q2 25
Q1 25
Q4 24
4.74×
Q3 24
Q2 24
Q1 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
NFE
NFE
Operating Cash FlowLast quarter
$13.5M
$-76.2M
Free Cash FlowOCF − Capex
$11.3M
$-134.8M
FCF MarginFCF / Revenue
4.3%
-41.3%
Capex IntensityCapex / Revenue
0.8%
18.0%
Cash ConversionOCF / Net Profit
0.44×
TTM Free Cash FlowTrailing 4 quarters
$-1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARWR
ARWR
NFE
NFE
Q4 25
$13.5M
$-76.2M
Q3 25
$-171.0M
Q2 25
$-329.0M
Q1 25
$-7.2M
Q4 24
$445.3M
Q3 24
$-20.0M
Q2 24
$113.9M
Q1 24
$63.0M
Free Cash Flow
ARWR
ARWR
NFE
NFE
Q4 25
$11.3M
$-134.8M
Q3 25
$-231.6M
Q2 25
$-726.7M
Q1 25
$-262.3M
Q4 24
$-210.3M
Q3 24
$-367.0M
Q2 24
$-493.2M
Q1 24
$-457.9M
FCF Margin
ARWR
ARWR
NFE
NFE
Q4 25
4.3%
-41.3%
Q3 25
-96.4%
Q2 25
-318.6%
Q1 25
-68.2%
Q4 24
-60.0%
Q3 24
-82.3%
Q2 24
-169.3%
Q1 24
-75.1%
Capex Intensity
ARWR
ARWR
NFE
NFE
Q4 25
0.8%
18.0%
Q3 25
25.2%
Q2 25
174.4%
Q1 25
66.3%
Q4 24
187.0%
Q3 24
77.8%
Q2 24
208.4%
Q1 24
85.5%
Cash Conversion
ARWR
ARWR
NFE
NFE
Q4 25
0.44×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-2.15×
Q2 24
Q1 24
1.16×

Financial Flow Comparison

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

Related Comparisons