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Side-by-side financial comparison of AECOM (ACM) and ARGENX SE (ARGX). Click either name above to swap in a different company.

AECOM is the larger business by last-quarter revenue ($3.8B vs $2.5B, roughly 1.5× ARGENX SE). ARGENX SE runs the higher net margin — 35.5% vs 1.9%, a 33.5% gap on every dollar of revenue. On growth, ARGENX SE posted the faster year-over-year revenue change (83.2% vs 1.6%). ARGENX SE produced more free cash flow last quarter ($322.4M vs $41.9M).

AECOM is an American multinational infrastructure consulting firm headquartered in Dallas, Texas.

AbbVie Inc. is an American pharmaceutical company headquartered in North Chicago, Illinois. They have produced drugs to treat a wide range of medical issues.

ACM vs ARGX — Head-to-Head

Bigger by revenue
ACM
ACM
1.5× larger
ACM
$3.8B
$2.5B
ARGX
Growing faster (revenue YoY)
ARGX
ARGX
+81.6% gap
ARGX
83.2%
1.6%
ACM
Higher net margin
ARGX
ARGX
33.5% more per $
ARGX
35.5%
1.9%
ACM
More free cash flow
ARGX
ARGX
$280.5M more FCF
ARGX
$322.4M
$41.9M
ACM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ACM
ACM
ARGX
ARGX
Revenue
$3.8B
$2.5B
Net Profit
$74.5M
$877.2M
Gross Margin
7.3%
89.5%
Operating Margin
5.8%
28.9%
Net Margin
1.9%
35.5%
Revenue YoY
1.6%
83.2%
Net Profit YoY
-48.0%
1.3%
EPS (diluted)
$0.56
$13.25

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
ACM
ACM
ARGX
ARGX
Q1 26
$3.8B
Q4 25
$2.5B
Q3 25
$4.2B
Q2 25
$4.2B
$1.8B
Q1 25
$3.8B
Q4 24
$4.0B
$1.4B
Q3 24
$4.1B
Q2 24
$4.2B
$901.9M
Net Profit
ACM
ACM
ARGX
ARGX
Q1 26
$74.5M
Q4 25
$877.2M
Q3 25
$120.4M
Q2 25
$131.0M
$414.8M
Q1 25
$143.4M
Q4 24
$167.0M
$865.6M
Q3 24
$172.5M
Q2 24
$134.3M
$-32.5M
Gross Margin
ACM
ACM
ARGX
ARGX
Q1 26
7.3%
Q4 25
89.5%
Q3 25
7.9%
Q2 25
7.8%
89.2%
Q1 25
7.7%
Q4 24
6.7%
90.2%
Q3 24
7.2%
Q2 24
6.9%
89.4%
Operating Margin
ACM
ACM
ARGX
ARGX
Q1 26
5.8%
Q4 25
28.9%
Q3 25
5.7%
Q2 25
7.0%
19.2%
Q1 25
6.8%
Q4 24
5.9%
8.7%
Q3 24
5.8%
Q2 24
5.5%
-15.4%
Net Margin
ACM
ACM
ARGX
ARGX
Q1 26
1.9%
Q4 25
35.5%
Q3 25
2.9%
Q2 25
3.1%
23.4%
Q1 25
3.8%
Q4 24
4.2%
64.1%
Q3 24
4.2%
Q2 24
3.2%
-3.6%
EPS (diluted)
ACM
ACM
ARGX
ARGX
Q1 26
$0.56
Q4 25
$13.25
Q3 25
$0.90
Q2 25
$0.98
$6.32
Q1 25
$1.08
Q4 24
$1.25
$13.33
Q3 24
$1.27
Q2 24
$0.98
$-0.55

Balance Sheet & Financial Strength

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

Metric
ACM
ACM
ARGX
ARGX
Cash + ST InvestmentsLiquidity on hand
$1.2B
$3.5B
Total DebtLower is stronger
$2.6B
Stockholders' EquityBook value
$2.2B
$7.3B
Total Assets
$11.9B
$8.7B
Debt / EquityLower = less leverage
1.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACM
ACM
ARGX
ARGX
Q1 26
$1.2B
Q4 25
$3.5B
Q3 25
$1.6B
Q2 25
$1.8B
$2.1B
Q1 25
$1.6B
Q4 24
$1.6B
$1.5B
Q3 24
$1.6B
Q2 24
$1.6B
$1.4B
Total Debt
ACM
ACM
ARGX
ARGX
Q1 26
$2.6B
Q4 25
Q3 25
$2.6B
Q2 25
$2.5B
Q1 25
$2.5B
Q4 24
$2.5B
Q3 24
$2.5B
Q2 24
$2.5B
$11.0M
Stockholders' Equity
ACM
ACM
ARGX
ARGX
Q1 26
$2.2B
Q4 25
$7.3B
Q3 25
$2.5B
Q2 25
$2.5B
$6.1B
Q1 25
$2.3B
Q4 24
$2.2B
$5.5B
Q3 24
$2.2B
Q2 24
$2.3B
$4.3B
Total Assets
ACM
ACM
ARGX
ARGX
Q1 26
$11.9B
Q4 25
$8.7B
Q3 25
$12.2B
Q2 25
$12.3B
$7.2B
Q1 25
$11.8B
Q4 24
$11.8B
$6.2B
Q3 24
$12.1B
Q2 24
$12.0B
$4.8B
Debt / Equity
ACM
ACM
ARGX
ARGX
Q1 26
1.18×
Q4 25
Q3 25
1.06×
Q2 25
0.99×
Q1 25
1.07×
Q4 24
1.11×
Q3 24
1.12×
Q2 24
1.07×
0.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACM
ACM
ARGX
ARGX
Operating Cash FlowLast quarter
$70.2M
$323.3M
Free Cash FlowOCF − Capex
$41.9M
$322.4M
FCF MarginFCF / Revenue
1.1%
13.0%
Capex IntensityCapex / Revenue
0.7%
0.0%
Cash ConversionOCF / Net Profit
0.94×
0.37×
TTM Free Cash FlowTrailing 4 quarters
$616.0M
$594.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACM
ACM
ARGX
ARGX
Q1 26
$70.2M
Q4 25
$323.3M
Q3 25
$196.1M
Q2 25
$283.7M
$361.8M
Q1 25
$190.7M
Q4 24
$151.1M
$41.9M
Q3 24
$298.8M
Q2 24
$291.3M
$-124.7M
Free Cash Flow
ACM
ACM
ARGX
ARGX
Q1 26
$41.9M
Q4 25
$322.4M
Q3 25
$134.1M
Q2 25
$261.7M
$356.6M
Q1 25
$178.3M
Q4 24
$110.9M
$40.9M
Q3 24
$274.5M
Q2 24
$272.8M
$-125.5M
FCF Margin
ACM
ACM
ARGX
ARGX
Q1 26
1.1%
Q4 25
13.0%
Q3 25
3.2%
Q2 25
6.3%
20.1%
Q1 25
4.7%
Q4 24
2.8%
3.0%
Q3 24
6.7%
Q2 24
6.6%
-13.9%
Capex Intensity
ACM
ACM
ARGX
ARGX
Q1 26
0.7%
Q4 25
0.0%
Q3 25
1.5%
Q2 25
0.5%
0.3%
Q1 25
0.3%
Q4 24
1.0%
0.1%
Q3 24
0.6%
Q2 24
0.4%
0.1%
Cash Conversion
ACM
ACM
ARGX
ARGX
Q1 26
0.94×
Q4 25
0.37×
Q3 25
1.63×
Q2 25
2.17×
0.87×
Q1 25
1.33×
Q4 24
0.90×
0.05×
Q3 24
1.73×
Q2 24
2.17×

Financial Flow Comparison

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

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