Biotechnology
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Side-by-side financial analysisStock Comparison
WVE vs ARWR
Revenue, margins, valuation, and 5-year total return — side by side.
Biotechnology
WVE vs ARWR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Biotechnology | Biotechnology |
| Market Cap | $1.12B | $10.48B |
| Revenue (TTM) | $72M | $622M |
| Net Income (TTM) | $-184M | $-301M |
| Gross Margin | 93.8% | 99.0% |
| Operating Margin | -274.2% | -35.7% |
| Total Debt | $18M | $366M |
| Cash & Equiv. | $602M | $227M |
WVE vs ARWR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jun 20 | Jun 26 | Return |
|---|---|---|---|
| Wave Life Sciences … (WVE) | 100 | 55.8 | -44.2% |
| Arrowhead Pharmaceu… (ARWR) | 100 | 180.4 | +80.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: WVE vs ARWR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
WVE is the clearest fit if your priority is sleep-well-at-night.
- Lower volatility, beta 1.82, Low D/E 3.4%, current ratio 6.47x
ARWR carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- beta 1.65
- Rev growth 232.6%, EPS growth 99.8%, 3Y rev CAGR 50.5%
- 11.7% 10Y total return vs WVE's -62.8%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 232.6% revenue growth vs WVE's -60.5% | |
| Quality / Margins | -48.4% margin vs WVE's -255.7% | |
| Stability / Safety | Beta 1.65 vs WVE's 1.82 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +344.5% vs WVE's -19.2% | |
| Efficiency (ROA) | -18.1% ROA vs WVE's -42.8% |
WVE vs ARWR — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
ARWR leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
ARWR is the larger business by revenue, generating $622M annually — 8.7x WVE's $72M. Profitability is closely matched — net margins range from -48.4% (ARWR) to -2.6% (WVE). On growth, WVE holds the edge at +3.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $72M | $622M |
| EBITDAEarnings before interest/tax | -$188M | -$197M |
| Net IncomeAfter-tax profit | -$184M | -$301M |
| Free Cash FlowCash after capex | -$183M | -$51M |
| Gross MarginGross profit ÷ Revenue | +93.8% | +99.0% |
| Operating MarginEBIT ÷ Revenue | -2.7% | -35.7% |
| Net MarginNet income ÷ Revenue | -2.6% | -48.4% |
| FCF MarginFCF ÷ Revenue | -2.6% | -8.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +3.2% | -86.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +55.2% | -133.8% |
Valuation Metrics
ARWR leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $1.1B | $10.5B |
| Enterprise ValueMkt cap + debt − cash | $533M | $10.6B |
| Trailing P/EPrice ÷ TTM EPS | -4.80x | -6099.18x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | 86.86x |
| Price / SalesMarket cap ÷ Revenue | 26.16x | 12.64x |
| Price / BookPrice ÷ Book value/share | 1.86x | 19.77x |
| Price / FCFMarket cap ÷ FCF | — | 66.81x |
Profitability & Efficiency
ARWR leads this category, winning 4 of 7 comparable metrics.
Profitability & Efficiency
ARWR delivers a -55.1% return on equity — every $100 of shareholder capital generates $-55 in annual profit, vs $-56 for WVE. WVE carries lower financial leverage with a 0.03x debt-to-equity ratio, signaling a more conservative balance sheet compared to ARWR's 0.73x. On the Piotroski fundamental quality scale (0–9), ARWR scores 6/9 vs WVE's 3/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -56.4% | -55.1% |
| ROA (TTM)Return on assets | -42.8% | -18.1% |
| ROICReturn on invested capital | — | +9.3% |
| ROCEReturn on capital employed | -54.9% | +8.8% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 6 |
| Debt / EquityFinancial leverage | 0.03x | 0.73x |
| Net DebtTotal debt minus cash | -$584M | $140M |
| Cash & Equiv.Liquid assets | $602M | $227M |
| Total DebtShort + long-term debt | $18M | $366M |
| Interest CoverageEBIT ÷ Interest expense | — | -2.03x |
Total Returns (Dividends Reinvested)
ARWR leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in ARWR five years ago would be worth $8,388 today (with dividends reinvested), compared to $8,025 for WVE. Over the past 12 months, ARWR leads with a +344.5% total return vs WVE's -19.2%. The 3-year compound annual growth rate (CAGR) favors ARWR at 28.1% vs WVE's 11.6% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -63.6% | +9.8% |
| 1-Year ReturnPast 12 months | -19.2% | +344.5% |
| 3-Year ReturnCumulative with dividends | +39.0% | +110.3% |
| 5-Year ReturnCumulative with dividends | -19.8% | -16.1% |
| 10-Year ReturnCumulative with dividends | -62.8% | +1167.6% |
| CAGR (3Y)Annualised 3-year return | +11.6% | +28.1% |
Risk & Volatility
ARWR leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
ARWR is the less volatile stock with a 1.65 beta — it tends to amplify market swings less than WVE's 1.82 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ARWR currently trades 90.7% from its 52-week high vs WVE's 26.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.82x | 1.65x |
| 52-Week HighHighest price in past year | $21.73 | $82.00 |
| 52-Week LowLowest price in past year | $5.02 | $14.30 |
| % of 52W HighCurrent price vs 52-week peak | +26.7% | +90.7% |
| RSI (14)Momentum oscillator 0–100 | 34.2 | 43.4 |
| Avg Volume (50D)Average daily shares traded | 3.7M | 1.6M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates WVE as "Buy" and ARWR as "Buy". Consensus price targets imply 354.0% upside for WVE (target: $26) vs 12.3% for ARWR (target: $84).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $26.38 | $83.56 |
| # AnalystsCovering analysts | 25 | 20 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
ARWR leads in 5 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics.
WVE vs ARWR: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is WVE or ARWR a better buy right now?
For growth investors, Arrowhead Pharmaceuticals, Inc.
(ARWR) is the stronger pick with 232. 6% revenue growth year-over-year, versus -60. 5% for Wave Life Sciences Ltd. (WVE). Analysts rate Wave Life Sciences Ltd. (WVE) a "Buy" — based on 25 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — WVE or ARWR?
Over the past 5 years, Arrowhead Pharmaceuticals, Inc.
(ARWR) delivered a total return of -16. 1%, compared to -19. 8% for Wave Life Sciences Ltd. (WVE). Over 10 years, the gap is even starker: ARWR returned +1168% versus WVE's -62. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — WVE or ARWR?
By beta (market sensitivity over 5 years), Arrowhead Pharmaceuticals, Inc.
(ARWR) is the lower-risk stock at 1. 65β versus Wave Life Sciences Ltd. 's 1. 82β — meaning WVE is approximately 10% more volatile than ARWR relative to the S&P 500. On balance sheet safety, Wave Life Sciences Ltd. (WVE) carries a lower debt/equity ratio of 3% versus 73% for Arrowhead Pharmaceuticals, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — WVE or ARWR?
By revenue growth (latest reported year), Arrowhead Pharmaceuticals, Inc.
(ARWR) is pulling ahead at 232. 6% versus -60. 5% for Wave Life Sciences Ltd. (WVE). On earnings-per-share growth, the picture is similar: Arrowhead Pharmaceuticals, Inc. grew EPS 99. 8% year-over-year, compared to -72. 9% for Wave Life Sciences Ltd.. Over a 3-year CAGR, WVE leads at 127. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — WVE or ARWR?
Arrowhead Pharmaceuticals, Inc.
(ARWR) is the more profitable company, earning -0. 2% net margin versus -478. 3% for Wave Life Sciences Ltd. — meaning it keeps -0. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ARWR leads at 11. 9% versus -504. 1% for WVE. At the gross margin level — before operating expenses — ARWR leads at 100. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — WVE or ARWR?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
07Is WVE or ARWR better for a retirement portfolio?
For long-horizon retirement investors, Arrowhead Pharmaceuticals, Inc.
(ARWR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+1168% 10Y return). Wave Life Sciences Ltd. (WVE) carries a higher beta of 1. 82 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (ARWR: +1168%, WVE: -62. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between WVE and ARWR?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: WVE is a small-cap quality compounder stock; ARWR is a mid-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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