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Side-by-side financial comparison of ARROWHEAD PHARMACEUTICALS, INC. (ARWR) and Zurn Elkay Water Solutions Corp (ZWS). Click either name above to swap in a different company.

Zurn Elkay Water Solutions Corp is the larger business by last-quarter revenue ($407.2M vs $264.0M, roughly 1.5× ARROWHEAD PHARMACEUTICALS, INC.). ARROWHEAD PHARMACEUTICALS, INC. runs the higher net margin — 11.7% vs 10.3%, a 1.3% gap on every dollar of revenue. On growth, ARROWHEAD PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (10461.3% vs 9.8%).

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.

Zurn Elkay Water Solutions Corp designs, manufactures, and distributes a wide range of water management and dispensing products, including commercial plumbing fixtures, drinking fountains, water filtration systems, and flow control components. It serves commercial, residential, industrial, and public infrastructure markets primarily across North America, with a focus on delivering sustainable, water-efficient solutions for diverse end-user needs.

ARWR vs ZWS — Head-to-Head

Bigger by revenue
ZWS
ZWS
1.5× larger
ZWS
$407.2M
$264.0M
ARWR
Growing faster (revenue YoY)
ARWR
ARWR
+10451.5% gap
ARWR
10461.3%
9.8%
ZWS
Higher net margin
ARWR
ARWR
1.3% more per $
ARWR
11.7%
10.3%
ZWS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ARWR
ARWR
ZWS
ZWS
Revenue
$264.0M
$407.2M
Net Profit
$30.8M
$42.1M
Gross Margin
44.4%
Operating Margin
15.5%
14.8%
Net Margin
11.7%
10.3%
Revenue YoY
10461.3%
9.8%
Net Profit YoY
117.8%
15.7%
EPS (diluted)
$0.22
$0.24

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
ZWS
ZWS
Q4 25
$264.0M
$407.2M
Q3 25
$455.4M
Q2 25
$444.5M
Q1 25
$388.8M
Q4 24
$370.7M
Q3 24
$410.0M
Q2 24
$412.0M
Q1 24
$373.8M
Net Profit
ARWR
ARWR
ZWS
ZWS
Q4 25
$30.8M
$42.1M
Q3 25
$61.8M
Q2 25
$50.5M
Q1 25
$43.6M
Q4 24
$36.4M
Q3 24
$43.5M
Q2 24
$46.0M
Q1 24
$34.3M
Gross Margin
ARWR
ARWR
ZWS
ZWS
Q4 25
44.4%
Q3 25
44.1%
Q2 25
45.5%
Q1 25
46.6%
Q4 24
43.5%
Q3 24
46.2%
Q2 24
45.2%
Q1 24
45.5%
Operating Margin
ARWR
ARWR
ZWS
ZWS
Q4 25
15.5%
14.8%
Q3 25
17.0%
Q2 25
17.5%
Q1 25
16.3%
Q4 24
13.3%
Q3 24
17.1%
Q2 24
17.5%
Q1 24
14.2%
Net Margin
ARWR
ARWR
ZWS
ZWS
Q4 25
11.7%
10.3%
Q3 25
13.6%
Q2 25
11.4%
Q1 25
11.2%
Q4 24
9.8%
Q3 24
10.6%
Q2 24
11.2%
Q1 24
9.2%
EPS (diluted)
ARWR
ARWR
ZWS
ZWS
Q4 25
$0.22
$0.24
Q3 25
$0.36
Q2 25
$0.29
Q1 25
$0.26
Q4 24
$0.21
Q3 24
$0.25
Q2 24
$0.27
Q1 24
$0.19

Balance Sheet & Financial Strength

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

Metric
ARWR
ARWR
ZWS
ZWS
Cash + ST InvestmentsLiquidity on hand
$715.0M
$300.5M
Total DebtLower is stronger
$496.5M
Stockholders' EquityBook value
$568.4M
$1.6B
Total Assets
$1.6B
$2.7B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARWR
ARWR
ZWS
ZWS
Q4 25
$715.0M
$300.5M
Q3 25
$260.1M
Q2 25
$201.9M
Q1 25
$144.7M
Q4 24
$198.0M
Q3 24
$187.9M
Q2 24
$162.7M
Q1 24
$157.1M
Total Debt
ARWR
ARWR
ZWS
ZWS
Q4 25
$496.5M
Q3 25
$496.4M
Q2 25
$495.9M
Q1 25
$495.8M
Q4 24
$495.6M
Q3 24
$495.6M
Q2 24
$495.5M
Q1 24
$495.4M
Stockholders' Equity
ARWR
ARWR
ZWS
ZWS
Q4 25
$568.4M
$1.6B
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.5B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.6B
Q1 24
$1.6B
Total Assets
ARWR
ARWR
ZWS
ZWS
Q4 25
$1.6B
$2.7B
Q3 25
$2.7B
Q2 25
$2.7B
Q1 25
$2.6B
Q4 24
$2.6B
Q3 24
$2.7B
Q2 24
$2.7B
Q1 24
$2.7B
Debt / Equity
ARWR
ARWR
ZWS
ZWS
Q4 25
0.31×
Q3 25
0.31×
Q2 25
0.32×
Q1 25
0.32×
Q4 24
0.31×
Q3 24
0.31×
Q2 24
0.31×
Q1 24
0.31×

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
ZWS
ZWS
Operating Cash FlowLast quarter
$13.5M
$91.7M
Free Cash FlowOCF − Capex
$11.3M
FCF MarginFCF / Revenue
4.3%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
0.44×
2.18×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARWR
ARWR
ZWS
ZWS
Q4 25
$13.5M
$91.7M
Q3 25
$101.3M
Q2 25
$110.6M
Q1 25
$42.9M
Q4 24
$63.6M
Q3 24
$90.9M
Q2 24
$85.1M
Q1 24
$53.9M
Free Cash Flow
ARWR
ARWR
ZWS
ZWS
Q4 25
$11.3M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
ARWR
ARWR
ZWS
ZWS
Q4 25
4.3%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ARWR
ARWR
ZWS
ZWS
Q4 25
0.8%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
ARWR
ARWR
ZWS
ZWS
Q4 25
0.44×
2.18×
Q3 25
1.64×
Q2 25
2.19×
Q1 25
0.98×
Q4 24
1.75×
Q3 24
2.09×
Q2 24
1.85×
Q1 24
1.57×

Financial Flow Comparison

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

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