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  3. Financial Ratios
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OverviewPriceRevenueEarningsP/ERatiosDividendTargets

Arrowhead Pharmaceuticals, Inc. (ARWR) Quarterly Financial Ratios

Last 48 quarters of trend data · Healthcare · Biotechnology

← View 30-Year Annual Ratios

Valuation Multiples

Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.

Arrowhead Pharmaceuticals, Inc.'s quarterly P/E stands at 75.4x.

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
P/E Ratio →-5186.0775.44——1.16———————14.11
————————————-49.7%
P/S Ratio10.488.844.5619.780.79234.7125.04——231.4144.7860.284.69
—-96.2%-81.8%——+1.4%-44.1%——+1246.1%+61.8%+109.9%-42.6%
P/B Ratio16.8116.609.304.232.5041.8612.379.527.1218.9210.049.995.91
—-60.3%-24.8%-55.6%-64.8%+121.2%+23.2%-4.7%+20.5%+74.4%+20.2%+27.2%-46.2%
P/FCF55.41206.0789.99—0.94————————
—————————————
EV / EBITDA76.0952.0526.20—1.46———————13.25
————————————-52.3%
EV / EBIT94.6048.3922.88—1.45———————12.77
————————————-53.8%

Profitability

Quarterly margins and returns. Watch for margin compression across consecutive quarters.

Arrowhead Pharmaceuticals, Inc.'s operating margin was 15.5% in Q1 2026, down 1.7 pp QoQ and up 6471.9 pp YoY. The trailing four-quarter average of -123.3% lags the current quarter, suggesting the recent improvement is above-trend.

Margins

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
Gross Margin97.1%100.0%100.0%77.6%100.0%100.0%42.5%——100.0%76.0%——
—0.0%+135.4%——0.0%-44.1%——————
Operating Margin11.9%15.5%17.2%-596.2%70.2%-6456.5%-687.6%——-3845.3%-673.0%-649.0%32.9%
—+100.2%+102.5%——-67.9%-2.2%——-5608.1%-153.5%-188.5%+20.3%
Net Margin-0.2%11.7%-9.3%-631.1%68.3%-6923.4%-722.9%——-3741.6%-681.4%-650.5%33.3%
—+100.2%+98.7%——-85.0%-6.1%——-5563.0%-151.6%-192.7%+13.9%

Return on Capital

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
ROE-0.5%5.8%-4.6%-29.1%100.1%-140.1%-64.3%-40.9%-37.5%-57.7%-32.8%-24.3%11.3%
—+104.1%+92.8%+28.9%+367.2%-142.9%-96.3%-68.4%-431.4%-468.3%-71.1%-56.3%+5.0%
ROA-0.1%2.0%-1.7%-11.9%28.6%-16.1%-16.9%-18.6%-15.8%-19.1%-14.0%-12.2%5.5%
—+112.5%+90.0%+36.1%+280.7%+15.8%-20.0%-52.2%-390.2%-265.8%-18.6%-23.3%-17.4%
ROIC7.2%2.8%3.0%-10.6%27.1%-13.3%-14.6%-17.7%-14.8%-19.2%-17.7%-19.9%10.5%
—+121.2%+120.4%+40.2%+282.3%+30.5%+17.3%+11.2%-241.6%-102.8%-13.6%-47.2%+17.4%

Leverage & Debt

Quarterly solvency trend — watch for debt spikes or covenant pressure.

Arrowhead Pharmaceuticals, Inc.'s Debt/EBITDA ratio is 14.6x, down from 16.6x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 44.5% YoY to 3.38x, tightening the short-term liquidity position.

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
Debt / Equity1.661.221.661.371.0815.554.461.340.812.261.340.220.18
—-92.1%-62.7%+2.4%+34.1%+588.7%+233.9%+518.5%+353.5%+989.8%+584.9%+26.6%+214.3%
Debt / EBITDA6.8514.5716.59—1.91———————1.63
————————————+180.7%
Current Ratio4.863.384.864.875.156.096.744.658.313.733.986.696.60
—-44.5%-27.9%+4.6%-38.1%+63.0%+69.5%-30.5%+26.0%-9.2%+46.8%+98.5%+119.3%
Quick Ratio4.863.384.864.875.156.096.744.658.313.733.986.556.60
—-44.5%-27.9%+4.6%-38.1%+63.0%+69.5%-29.0%+26.0%-19.6%+38.8%+97.4%+122.8%
Interest Coverage1.101.812.03-6.7917.62-7.46-11.07-34.58-17.42-25.44-20.59-19.919.52
—————————————

Download Financial Ratios Data

Includes 30+ ratios · 48 years · Updated daily

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Frequently Asked Questions

What is Arrowhead Pharmaceuticals, Inc.'s quarterly P/E ratio trend?

Arrowhead Pharmaceuticals, Inc.'s current P/E is -5186.1x. The average P/E over the last 2 quarters is 38.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do Arrowhead Pharmaceuticals, Inc.'s margins change by quarter?

Arrowhead Pharmaceuticals, Inc.'s current operating margin is 11.9%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at ARWR quarterly ratios instead of annual?

Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Arrowhead Pharmaceuticals, Inc.'s business trajectory between earnings reports.

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