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Side-by-side financial comparison of ARROWHEAD PHARMACEUTICALS, INC. (ARWR) and TEXAS CAPITAL BANCSHARES INC (TCBI). Click either name above to swap in a different company.

TEXAS CAPITAL BANCSHARES INC is the larger business by last-quarter revenue ($324.0M vs $264.0M, roughly 1.2× ARROWHEAD PHARMACEUTICALS, INC.). TEXAS CAPITAL BANCSHARES INC runs the higher net margin — 22.8% vs 11.7%, a 11.1% gap on every dollar of revenue. On growth, ARROWHEAD PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (10461.3% vs 15.5%).

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.

Texas Capital Bank is a bank headquartered in Dallas, Texas. The bank has branches located in every major city in Texas. Its parent bank holding company is Texas Capital Bancshares. It also operates an online-only banking division, Bask Bank.

ARWR vs TCBI — Head-to-Head

Bigger by revenue
TCBI
TCBI
1.2× larger
TCBI
$324.0M
$264.0M
ARWR
Growing faster (revenue YoY)
ARWR
ARWR
+10445.8% gap
ARWR
10461.3%
15.5%
TCBI
Higher net margin
TCBI
TCBI
11.1% more per $
TCBI
22.8%
11.7%
ARWR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ARWR
ARWR
TCBI
TCBI
Revenue
$264.0M
$324.0M
Net Profit
$30.8M
$73.8M
Gross Margin
Operating Margin
15.5%
Net Margin
11.7%
22.8%
Revenue YoY
10461.3%
15.5%
Net Profit YoY
117.8%
56.8%
EPS (diluted)
$0.22
$1.56

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
TCBI
TCBI
Q1 26
$324.0M
Q4 25
$264.0M
$327.5M
Q3 25
$340.4M
Q2 25
$307.5M
Q1 25
$280.5M
Q4 24
$229.6M
Q3 24
$125.3M
Q2 24
$267.0M
Net Profit
ARWR
ARWR
TCBI
TCBI
Q1 26
$73.8M
Q4 25
$30.8M
$100.7M
Q3 25
$105.2M
Q2 25
$77.3M
Q1 25
$47.0M
Q4 24
$71.0M
Q3 24
$-61.3M
Q2 24
$41.7M
Operating Margin
ARWR
ARWR
TCBI
TCBI
Q1 26
Q4 25
15.5%
40.4%
Q3 25
40.5%
Q2 25
33.2%
Q1 25
21.6%
Q4 24
40.7%
Q3 24
-63.8%
Q2 24
21.9%
Net Margin
ARWR
ARWR
TCBI
TCBI
Q1 26
22.8%
Q4 25
11.7%
30.7%
Q3 25
30.9%
Q2 25
25.2%
Q1 25
16.8%
Q4 24
30.9%
Q3 24
-48.9%
Q2 24
15.6%
EPS (diluted)
ARWR
ARWR
TCBI
TCBI
Q1 26
$1.56
Q4 25
$0.22
$2.11
Q3 25
$2.18
Q2 25
$1.58
Q1 25
$0.92
Q4 24
$1.43
Q3 24
$-1.41
Q2 24
$0.80

Balance Sheet & Financial Strength

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

Metric
ARWR
ARWR
TCBI
TCBI
Cash + ST InvestmentsLiquidity on hand
$715.0M
Total DebtLower is stronger
$878.3M
Stockholders' EquityBook value
$568.4M
$3.6B
Total Assets
$1.6B
$33.5B
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARWR
ARWR
TCBI
TCBI
Q1 26
Q4 25
$715.0M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Total Debt
ARWR
ARWR
TCBI
TCBI
Q1 26
$878.3M
Q4 25
$620.6M
Q3 25
$620.4M
Q2 25
$620.3M
Q1 25
$660.5M
Q4 24
$660.3M
Q3 24
$660.2M
Q2 24
$660.0M
Stockholders' Equity
ARWR
ARWR
TCBI
TCBI
Q1 26
$3.6B
Q4 25
$568.4M
$3.6B
Q3 25
$3.6B
Q2 25
$3.5B
Q1 25
$3.4B
Q4 24
$3.4B
Q3 24
$3.4B
Q2 24
$3.2B
Total Assets
ARWR
ARWR
TCBI
TCBI
Q1 26
$33.5B
Q4 25
$1.6B
$31.5B
Q3 25
$32.5B
Q2 25
$31.9B
Q1 25
$31.4B
Q4 24
$30.7B
Q3 24
$31.6B
Q2 24
$29.9B
Debt / Equity
ARWR
ARWR
TCBI
TCBI
Q1 26
0.24×
Q4 25
0.17×
Q3 25
0.17×
Q2 25
0.18×
Q1 25
0.19×
Q4 24
0.20×
Q3 24
0.20×
Q2 24
0.21×

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
TCBI
TCBI
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
TCBI
TCBI
Q1 26
Q4 25
$13.5M
$360.2M
Q3 25
$166.3M
Q2 25
$63.0M
Q1 25
$368.0K
Q4 24
$480.1M
Q3 24
$332.8M
Q2 24
$33.3M
Free Cash Flow
ARWR
ARWR
TCBI
TCBI
Q1 26
Q4 25
$11.3M
$347.6M
Q3 25
$161.3M
Q2 25
$57.5M
Q1 25
$-2.0M
Q4 24
$415.2M
Q3 24
$317.6M
Q2 24
$11.1M
FCF Margin
ARWR
ARWR
TCBI
TCBI
Q1 26
Q4 25
4.3%
106.1%
Q3 25
47.4%
Q2 25
18.7%
Q1 25
-0.7%
Q4 24
180.9%
Q3 24
253.4%
Q2 24
4.1%
Capex Intensity
ARWR
ARWR
TCBI
TCBI
Q1 26
Q4 25
0.8%
3.8%
Q3 25
1.5%
Q2 25
1.8%
Q1 25
0.9%
Q4 24
28.2%
Q3 24
12.1%
Q2 24
8.3%
Cash Conversion
ARWR
ARWR
TCBI
TCBI
Q1 26
Q4 25
0.44×
3.58×
Q3 25
1.58×
Q2 25
0.81×
Q1 25
0.01×
Q4 24
6.76×
Q3 24
Q2 24
0.80×

Financial Flow Comparison

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

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