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Side-by-side financial comparison of ARROWHEAD PHARMACEUTICALS, INC. (ARWR) and NEW JERSEY RESOURCES CORP (NJR). Click either name above to swap in a different company.

NEW JERSEY RESOURCES CORP is the larger business by last-quarter revenue ($440.9M vs $264.0M, roughly 1.7× ARROWHEAD PHARMACEUTICALS, INC.). NEW JERSEY RESOURCES CORP runs the higher net margin — 27.8% vs 11.7%, a 16.1% gap on every dollar of revenue. On growth, ARROWHEAD PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (10461.3% vs 22.8%).

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 Jersey Resources is an energy services holding company based in Wall Township, New Jersey. It is a Fortune 1000 company, and a member of the Forbes Platinum 400. New Jersey Natural Gas is its principal subsidiary.

ARWR vs NJR — Head-to-Head

Bigger by revenue
NJR
NJR
1.7× larger
NJR
$440.9M
$264.0M
ARWR
Growing faster (revenue YoY)
ARWR
ARWR
+10438.5% gap
ARWR
10461.3%
22.8%
NJR
Higher net margin
NJR
NJR
16.1% more per $
NJR
27.8%
11.7%
ARWR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ARWR
ARWR
NJR
NJR
Revenue
$264.0M
$440.9M
Net Profit
$30.8M
$122.5M
Gross Margin
Operating Margin
15.5%
40.6%
Net Margin
11.7%
27.8%
Revenue YoY
10461.3%
22.8%
Net Profit YoY
117.8%
-6.7%
EPS (diluted)
$0.22
$1.21

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
NJR
NJR
Q4 25
$264.0M
$440.9M
Q3 25
$188.3M
Q2 25
$234.8M
Q1 25
$569.2M
Q4 24
$359.0M
Q3 24
$265.7M
Q2 24
$209.9M
Q1 24
$433.2M
Net Profit
ARWR
ARWR
NJR
NJR
Q4 25
$30.8M
$122.5M
Q3 25
$15.1M
Q2 25
$-15.1M
Q1 25
$204.3M
Q4 24
$131.3M
Q3 24
$91.1M
Q2 24
$-11.6M
Q1 24
$120.8M
Operating Margin
ARWR
ARWR
NJR
NJR
Q4 25
15.5%
40.6%
Q3 25
21.5%
Q2 25
-0.5%
Q1 25
49.2%
Q4 24
52.8%
Q3 24
55.0%
Q2 24
2.8%
Q1 24
39.3%
Net Margin
ARWR
ARWR
NJR
NJR
Q4 25
11.7%
27.8%
Q3 25
8.0%
Q2 25
-6.4%
Q1 25
35.9%
Q4 24
36.6%
Q3 24
34.3%
Q2 24
-5.5%
Q1 24
27.9%
EPS (diluted)
ARWR
ARWR
NJR
NJR
Q4 25
$0.22
$1.21
Q3 25
$0.15
Q2 25
$-0.15
Q1 25
$2.02
Q4 24
$1.31
Q3 24
$0.91
Q2 24
$-0.12
Q1 24
$1.22

Balance Sheet & Financial Strength

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

Metric
ARWR
ARWR
NJR
NJR
Cash + ST InvestmentsLiquidity on hand
$715.0M
$2.4M
Total DebtLower is stronger
$3.3B
Stockholders' EquityBook value
$568.4M
$2.5B
Total Assets
$1.6B
$7.9B
Debt / EquityLower = less leverage
1.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARWR
ARWR
NJR
NJR
Q4 25
$715.0M
$2.4M
Q3 25
$591.0K
Q2 25
$931.0K
Q1 25
$83.7M
Q4 24
$1.9M
Q3 24
$1.0M
Q2 24
$22.4M
Q1 24
$5.0M
Total Debt
ARWR
ARWR
NJR
NJR
Q4 25
$3.3B
Q3 25
$3.3B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$2.9B
Q2 24
$2.8B
Q1 24
$2.7B
Stockholders' Equity
ARWR
ARWR
NJR
NJR
Q4 25
$568.4M
$2.5B
Q3 25
$2.4B
Q2 25
$2.4B
Q1 25
$2.5B
Q4 24
$2.3B
Q3 24
$2.2B
Q2 24
$2.1B
Q1 24
$2.2B
Total Assets
ARWR
ARWR
NJR
NJR
Q4 25
$1.6B
$7.9B
Q3 25
$7.6B
Q2 25
$7.3B
Q1 25
$7.3B
Q4 24
$7.2B
Q3 24
$7.0B
Q2 24
$6.8B
Q1 24
$6.6B
Debt / Equity
ARWR
ARWR
NJR
NJR
Q4 25
1.32×
Q3 25
1.36×
Q2 25
1.25×
Q1 25
1.20×
Q4 24
1.29×
Q3 24
1.31×
Q2 24
1.30×
Q1 24
1.25×

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
NJR
NJR
Operating Cash FlowLast quarter
$13.5M
$26.7M
Free Cash FlowOCF − Capex
$11.3M
FCF MarginFCF / Revenue
4.3%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
0.44×
0.22×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARWR
ARWR
NJR
NJR
Q4 25
$13.5M
$26.7M
Q3 25
$81.2M
Q2 25
$-28.9M
Q1 25
$423.0M
Q4 24
$-9.0M
Q3 24
$64.5M
Q2 24
$24.3M
Q1 24
$292.2M
Free Cash Flow
ARWR
ARWR
NJR
NJR
Q4 25
$11.3M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
ARWR
ARWR
NJR
NJR
Q4 25
4.3%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ARWR
ARWR
NJR
NJR
Q4 25
0.8%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
ARWR
ARWR
NJR
NJR
Q4 25
0.44×
0.22×
Q3 25
5.39×
Q2 25
Q1 25
2.07×
Q4 24
-0.07×
Q3 24
0.71×
Q2 24
Q1 24
2.42×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARWR
ARWR

Segment breakdown not available.

NJR
NJR

Residential$284.1M64%
Commercialand Industrial$53.4M12%
Firm Transportation$34.7M8%
Storage And Transportation ST Segment$28.1M6%
Home Services And Other HSO$16.0M4%
Energy Services ES Segment$12.8M3%
Installationand Maintenance$6.6M1%
Electricity$5.6M1%
Renewable Energy Certificates$3.7M1%
Interruptibleand Offtariff$2.4M1%

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