ARWRArrowhead Pharmaceuticals, Inc.
Is the business good?
Margins widening. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Operating margin has widened over the past few years, the business is getting more profitable per dollar of sales.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is ARWR?
Arrowhead Pharmaceuticals, Inc. keeps −34% of every revenue dollar as operating profit, against −77% for the median Biotechnology name.
Operating margin · Biotechnology median −77% · 12 months to Q3 2026
- Share count, year on year
- +3.1%
Share count, year on year · shareholders own a smaller slice than a year ago
- R&D as % of revenue
- 108%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | −106% |
| FY2021 | −108% |
| FY2022 | −73% |
| FY2023 | −85% |
| FY2024 | −16927% |
| FY2025 | 12% |
Details›
- Operating margin12 months to Q3 2026
- −34%
- Net margin12 months to Q3 2026
- −48%
- Free cash flow margin
- −11%
- R&D as % of revenue
- 108%
- Revenue, trailing twelve months
- $669M
- Free cash flow, trailing twelve months
- −$75M
- Net income, trailing twelve months
- −$320M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.