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Side-by-side financial comparison of ABERCROMBIE & FITCH CO (ANF) 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 $1.3B, roughly 1.9× ABERCROMBIE & FITCH CO). ARGENX SE runs the higher net margin — 35.5% vs 8.8%, a 26.7% gap on every dollar of revenue. On growth, ARGENX SE posted the faster year-over-year revenue change (83.2% vs 6.8%). ARGENX SE produced more free cash flow last quarter ($322.4M vs $131.8M).

Abercrombie & Fitch Co. (A&F) is an American lifestyle retailer founded in 1892, which focuses on contemporary clothing targeting customers in their early 20s to mid 40s. Headquartered in New Albany, Ohio, the company operates four offshoot brands: Abercrombie Kids, Your Personal Best, Hollister Co., and Gilly Hicks with 780+ company operated stores across its brands, as of Q4 2024.

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

ANF vs ARGX — Head-to-Head

Bigger by revenue
ARGX
ARGX
1.9× larger
ARGX
$2.5B
$1.3B
ANF
Growing faster (revenue YoY)
ARGX
ARGX
+76.5% gap
ARGX
83.2%
6.8%
ANF
Higher net margin
ARGX
ARGX
26.7% more per $
ARGX
35.5%
8.8%
ANF
More free cash flow
ARGX
ARGX
$190.6M more FCF
ARGX
$322.4M
$131.8M
ANF

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
ANF
ANF
ARGX
ARGX
Revenue
$1.3B
$2.5B
Net Profit
$113.0M
$877.2M
Gross Margin
62.5%
89.5%
Operating Margin
12.0%
28.9%
Net Margin
8.8%
35.5%
Revenue YoY
6.8%
83.2%
Net Profit YoY
-14.4%
1.3%
EPS (diluted)
$2.36
$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
ANF
ANF
ARGX
ARGX
Q4 25
$1.3B
$2.5B
Q3 25
$1.2B
Q2 25
$1.1B
$1.8B
Q1 25
$1.6B
Q4 24
$1.2B
$1.4B
Q3 24
$1.1B
Q2 24
$1.0B
$901.9M
Q1 24
$1.5B
Net Profit
ANF
ANF
ARGX
ARGX
Q4 25
$113.0M
$877.2M
Q3 25
$141.4M
Q2 25
$80.4M
$414.8M
Q1 25
$187.2M
Q4 24
$132.0M
$865.6M
Q3 24
$133.2M
Q2 24
$113.8M
$-32.5M
Q1 24
$158.4M
Gross Margin
ANF
ANF
ARGX
ARGX
Q4 25
62.5%
89.5%
Q3 25
62.6%
Q2 25
62.0%
89.2%
Q1 25
Q4 24
65.1%
90.2%
Q3 24
64.9%
Q2 24
66.4%
89.4%
Q1 24
62.9%
Operating Margin
ANF
ANF
ARGX
ARGX
Q4 25
12.0%
28.9%
Q3 25
17.1%
Q2 25
9.3%
19.2%
Q1 25
16.2%
Q4 24
14.8%
8.7%
Q3 24
15.5%
Q2 24
12.7%
-15.4%
Q1 24
15.3%
Net Margin
ANF
ANF
ARGX
ARGX
Q4 25
8.8%
35.5%
Q3 25
11.7%
Q2 25
7.3%
23.4%
Q1 25
11.8%
Q4 24
10.9%
64.1%
Q3 24
11.7%
Q2 24
11.2%
-3.6%
Q1 24
10.9%
EPS (diluted)
ANF
ANF
ARGX
ARGX
Q4 25
$2.36
$13.25
Q3 25
$2.91
Q2 25
$1.59
$6.32
Q1 25
$3.55
Q4 24
$2.50
$13.33
Q3 24
$2.50
Q2 24
$2.14
$-0.55
Q1 24
$2.97

Balance Sheet & Financial Strength

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

Metric
ANF
ANF
ARGX
ARGX
Cash + ST InvestmentsLiquidity on hand
$631.0M
$3.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$7.3B
Total Assets
$3.5B
$8.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANF
ANF
ARGX
ARGX
Q4 25
$631.0M
$3.5B
Q3 25
$603.5M
Q2 25
$607.6M
$2.1B
Q1 25
$888.9M
Q4 24
$738.9M
$1.5B
Q3 24
$738.4M
Q2 24
$864.2M
$1.4B
Q1 24
$900.9M
Total Debt
ANF
ANF
ARGX
ARGX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$11.0M
Q1 24
Stockholders' Equity
ANF
ANF
ARGX
ARGX
Q4 25
$1.3B
$7.3B
Q3 25
$1.3B
Q2 25
$1.2B
$6.1B
Q1 25
$1.3B
Q4 24
$1.2B
$5.5B
Q3 24
$1.2B
Q2 24
$1.1B
$4.3B
Q1 24
$1.0B
Total Assets
ANF
ANF
ARGX
ARGX
Q4 25
$3.5B
$8.7B
Q3 25
$3.3B
Q2 25
$3.1B
$7.2B
Q1 25
$3.3B
Q4 24
$3.3B
$6.2B
Q3 24
$3.0B
Q2 24
$3.0B
$4.8B
Q1 24
$3.0B
Debt / Equity
ANF
ANF
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
ANF
ANF
ARGX
ARGX
Operating Cash FlowLast quarter
$200.1M
$323.3M
Free Cash FlowOCF − Capex
$131.8M
$322.4M
FCF MarginFCF / Revenue
10.2%
13.0%
Capex IntensityCapex / Revenue
5.3%
0.0%
Cash ConversionOCF / Net Profit
1.77×
0.37×
TTM Free Cash FlowTrailing 4 quarters
$384.5M
$594.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANF
ANF
ARGX
ARGX
Q4 25
$200.1M
$323.3M
Q3 25
$116.9M
Q2 25
$-4.0M
$361.8M
Q1 25
$307.6M
Q4 24
$142.6M
$41.9M
Q3 24
$165.1M
Q2 24
$95.0M
$-124.7M
Q1 24
$303.3M
Free Cash Flow
ANF
ANF
ARGX
ARGX
Q4 25
$131.8M
$322.4M
Q3 25
$50.7M
Q2 25
$-54.8M
$356.6M
Q1 25
$256.8M
Q4 24
$92.2M
$40.9M
Q3 24
$122.3M
Q2 24
$56.1M
$-125.5M
Q1 24
$274.1M
FCF Margin
ANF
ANF
ARGX
ARGX
Q4 25
10.2%
13.0%
Q3 25
4.2%
Q2 25
-5.0%
20.1%
Q1 25
16.2%
Q4 24
7.6%
3.0%
Q3 24
10.8%
Q2 24
5.5%
-13.9%
Q1 24
18.9%
Capex Intensity
ANF
ANF
ARGX
ARGX
Q4 25
5.3%
0.0%
Q3 25
5.5%
Q2 25
4.6%
0.3%
Q1 25
3.2%
Q4 24
4.2%
0.1%
Q3 24
3.8%
Q2 24
3.8%
0.1%
Q1 24
2.0%
Cash Conversion
ANF
ANF
ARGX
ARGX
Q4 25
1.77×
0.37×
Q3 25
0.83×
Q2 25
-0.05×
0.87×
Q1 25
1.64×
Q4 24
1.08×
0.05×
Q3 24
1.24×
Q2 24
0.83×
Q1 24
1.91×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ANF
ANF

Hollister$673.3M52%
Abercrombie$617.3M48%
Gift Card$25.7M2%
Royalty$19.5M2%

ARGX
ARGX

Segment breakdown not available.

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