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Operating margin at other companies

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AmgenAMGN
28.4%+6.6pp
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IncyteINCY
30%+26.1pp
Kymera Therapeutics logo
Kymera TherapeuticsKYMR
-697.7%+635pp
Kiniksa Pharmaceuticals International, plc logo
Kiniksa Pharmaceuticals International, plcKNSA
12.4%+10.2pp
Ligand Pharmaceuticals logo
Ligand PharmaceuticalsLGND
34.5%+23.0pp
LQD
Liquidia CorporationLQDA
-155%-68.1pp

Other financials

Income statement

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Revenue$105.4M+60.1%
Gross profit$95.6M+67.7%
Operating income-$9.1M+62.9%
Net income-$11.3M+54.9%
EPS (diluted)-$0.09+55.0%

Balance sheet

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Cash & equivalents$35.1M-34.7%
Total debt$114.7M+3.5%
Total equity$189.6M+32.9%
Total assets$460.0M+33.7%

Cash flow

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Operating cash flow$2.2M+107%
CapEx--100%
Free cash flow$2.2M+107%

Valuation

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Market cap$3.28B+57.5%
Enterprise value$3.36B+57.0%
P/S7.9×-1.9×

Profitability

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Gross margin90.9%+2.5pp
Net margin-13.9%-6.6pp
FCF margin-52.5%-21.9pp

Returns & leverage

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Return on equity-28.2%-13.0pp
Debt / equity0.6×-0.2×
Current ratio2.7×-0.9×

Where this comes from

Calculated from Arcutis Biotherapeutics, Inc.’s reported figures.

Based on trailing twelve months.

The official record: Arcutis Biotherapeutics, Inc.’s 10-Q, filed October 28, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Arcutis Biotherapeutics, Inc.'s operating margin?
Arcutis Biotherapeutics, Inc. (ARQT) reported operating margin of -12% in Q3 2025.
How has Arcutis Biotherapeutics, Inc.'s operating margin changed year-over-year?
Arcutis Biotherapeutics, Inc.'s operating margin increased by 90.8% year-over-year, from -131.2% to -12%.
What is the long-term trend for Arcutis Biotherapeutics, Inc.'s operating margin?
Over 2 years (2022 to 2024), Arcutis Biotherapeutics, Inc.'s operating margin has grown at a -91.1% compound annual growth rate (CAGR), from -8,183% to -65.3%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.