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Side-by-side financial comparison of Aligos Therapeutics, Inc. (ALGS) and ARGENX SE (ARGX). Click either name above to swap in a different company.

ARGENX SE is the larger business by last-quarter revenue ($2.5B vs $169.0K, roughly 14636.1× Aligos Therapeutics, Inc.). ARGENX SE runs the higher net margin — 35.5% vs -11763.9%, a 11799.4% gap on every dollar of revenue. On growth, ARGENX SE posted the faster year-over-year revenue change (83.2% vs -72.1%).

Aligos Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing novel targeted therapies for prevalent liver diseases and viral infections. Its core pipeline includes candidates for chronic hepatitis B, non-alcoholic steatohepatitis, and other liver-related disorders, advancing R&D to serve unmet global patient needs.

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

ALGS vs ARGX — Head-to-Head

Bigger by revenue
ARGX
ARGX
14636.1× larger
ARGX
$2.5B
$169.0K
ALGS
Growing faster (revenue YoY)
ARGX
ARGX
+155.3% gap
ARGX
83.2%
-72.1%
ALGS
Higher net margin
ARGX
ARGX
11799.4% more per $
ARGX
35.5%
-11763.9%
ALGS

Income Statement — Q4 2025 vs Q4 2025

Metric
ALGS
ALGS
ARGX
ARGX
Revenue
$169.0K
$2.5B
Net Profit
$-19.9M
$877.2M
Gross Margin
89.5%
Operating Margin
-12907.7%
28.9%
Net Margin
-11763.9%
35.5%
Revenue YoY
-72.1%
83.2%
Net Profit YoY
75.8%
1.3%
EPS (diluted)
$4.23
$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
ALGS
ALGS
ARGX
ARGX
Q4 25
$169.0K
$2.5B
Q3 25
$741.0K
Q2 25
$965.0K
$1.8B
Q1 25
$311.0K
Q4 24
$606.0K
$1.4B
Q3 24
$1.3M
Q2 24
$1.1M
$901.9M
Q1 24
$694.0K
Net Profit
ALGS
ALGS
ARGX
ARGX
Q4 25
$-19.9M
$877.2M
Q3 25
$-31.5M
Q2 25
$-15.9M
$414.8M
Q1 25
$43.1M
Q4 24
$-82.2M
$865.6M
Q3 24
$-19.3M
Q2 24
$5.1M
$-32.5M
Q1 24
$-34.9M
Gross Margin
ALGS
ALGS
ARGX
ARGX
Q4 25
89.5%
Q3 25
Q2 25
89.2%
Q1 25
Q4 24
90.2%
Q3 24
Q2 24
89.4%
Q1 24
Operating Margin
ALGS
ALGS
ARGX
ARGX
Q4 25
-12907.7%
28.9%
Q3 25
-3827.4%
Q2 25
-1924.0%
19.2%
Q1 25
-6187.5%
Q4 24
-3393.2%
8.7%
Q3 24
-1610.5%
Q2 24
-2489.5%
-15.4%
Q1 24
-3176.7%
Net Margin
ALGS
ALGS
ARGX
ARGX
Q4 25
-11763.9%
35.5%
Q3 25
-4256.0%
Q2 25
-1643.8%
23.4%
Q1 25
13854.7%
Q4 24
-13556.1%
64.1%
Q3 24
-1540.7%
Q2 24
477.0%
-3.6%
Q1 24
-5023.5%
EPS (diluted)
ALGS
ALGS
ARGX
ARGX
Q4 25
$4.23
$13.25
Q3 25
$-3.04
Q2 25
$-1.53
$6.32
Q1 25
$-2.11
Q4 24
$-13.10
$13.33
Q3 24
$-3.07
Q2 24
$0.81
$-0.55
Q1 24
$-5.58

Balance Sheet & Financial Strength

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

Metric
ALGS
ALGS
ARGX
ARGX
Cash + ST InvestmentsLiquidity on hand
$77.8M
$3.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$53.5M
$7.3B
Total Assets
$88.5M
$8.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALGS
ALGS
ARGX
ARGX
Q4 25
$77.8M
$3.5B
Q3 25
$99.1M
Q2 25
$122.9M
$2.1B
Q1 25
$137.9M
Q4 24
$56.9M
$1.5B
Q3 24
$74.9M
Q2 24
$94.5M
$1.4B
Q1 24
$112.7M
Total Debt
ALGS
ALGS
ARGX
ARGX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$11.0M
Q1 24
Stockholders' Equity
ALGS
ALGS
ARGX
ARGX
Q4 25
$53.5M
$7.3B
Q3 25
$71.8M
Q2 25
$101.9M
$6.1B
Q1 25
$116.4M
Q4 24
$-29.0M
$5.5B
Q3 24
$50.1M
Q2 24
$67.2M
$4.3B
Q1 24
$59.8M
Total Assets
ALGS
ALGS
ARGX
ARGX
Q4 25
$88.5M
$8.7B
Q3 25
$109.8M
Q2 25
$134.7M
$7.2B
Q1 25
$150.7M
Q4 24
$70.1M
$6.2B
Q3 24
$88.4M
Q2 24
$108.8M
$4.8B
Q1 24
$127.9M
Debt / Equity
ALGS
ALGS
ARGX
ARGX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.00×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
ALGS
ALGS
ARGX
ARGX
Operating Cash FlowLast quarter
$-21.7M
$323.3M
Free Cash FlowOCF − Capex
$322.4M
FCF MarginFCF / Revenue
13.0%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.37×
TTM Free Cash FlowTrailing 4 quarters
$594.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALGS
ALGS
ARGX
ARGX
Q4 25
$-21.7M
$323.3M
Q3 25
$-24.3M
Q2 25
$-15.5M
$361.8M
Q1 25
$-20.9M
Q4 24
$-18.4M
$41.9M
Q3 24
$-20.1M
Q2 24
$-19.5M
$-124.7M
Q1 24
$-22.7M
Free Cash Flow
ALGS
ALGS
ARGX
ARGX
Q4 25
$322.4M
Q3 25
Q2 25
$356.6M
Q1 25
Q4 24
$40.9M
Q3 24
Q2 24
$-125.5M
Q1 24
FCF Margin
ALGS
ALGS
ARGX
ARGX
Q4 25
13.0%
Q3 25
Q2 25
20.1%
Q1 25
Q4 24
3.0%
Q3 24
Q2 24
-13.9%
Q1 24
Capex Intensity
ALGS
ALGS
ARGX
ARGX
Q4 25
0.0%
Q3 25
Q2 25
0.3%
Q1 25
Q4 24
0.1%
Q3 24
Q2 24
0.1%
Q1 24
Cash Conversion
ALGS
ALGS
ARGX
ARGX
Q4 25
0.37×
Q3 25
Q2 25
0.87×
Q1 25
-0.49×
Q4 24
0.05×
Q3 24
Q2 24
-3.85×
Q1 24

Financial Flow Comparison

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

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