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Side-by-side financial comparison of ARGENX SE (ARGX) and Academy Sports & Outdoors, Inc. (ASO). Click either name above to swap in a different company.

ARGENX SE is the larger business by last-quarter revenue ($2.5B vs $1.4B, roughly 1.8× Academy Sports & Outdoors, Inc.). ARGENX SE runs the higher net margin — 35.5% vs 5.2%, a 30.3% gap on every dollar of revenue. On growth, ARGENX SE posted the faster year-over-year revenue change (83.2% vs 3.0%). ARGENX SE produced more free cash flow last quarter ($322.4M vs $-13.6M).

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

Academy Sports + Outdoors is an American sporting-goods store chain with corporate offices in the Katy Distribution Center in unincorporated western Harris County, Texas, United States, near Katy and west of Houston. For 74 years, it was a privately held company owned by the Gochman family, until its May 2011 acquisition by Kohlberg Kravis Roberts. In October 2020, it was listed on NASDAQ.

ARGX vs ASO — Head-to-Head

Bigger by revenue
ARGX
ARGX
1.8× larger
ARGX
$2.5B
$1.4B
ASO
Growing faster (revenue YoY)
ARGX
ARGX
+80.2% gap
ARGX
83.2%
3.0%
ASO
Higher net margin
ARGX
ARGX
30.3% more per $
ARGX
35.5%
5.2%
ASO
More free cash flow
ARGX
ARGX
$335.9M more FCF
ARGX
$322.4M
$-13.6M
ASO

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ARGX
ARGX
ASO
ASO
Revenue
$2.5B
$1.4B
Net Profit
$877.2M
$71.6M
Gross Margin
89.5%
35.7%
Operating Margin
28.9%
7.3%
Net Margin
35.5%
5.2%
Revenue YoY
83.2%
3.0%
Net Profit YoY
1.3%
8.8%
EPS (diluted)
$13.25
$1.05

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
ARGX
ARGX
ASO
ASO
Q4 25
$2.5B
$1.4B
Q3 25
$1.6B
Q2 25
$1.8B
$1.4B
Q1 25
$1.7B
Q4 24
$1.4B
$1.3B
Q3 24
$1.5B
Q2 24
$901.9M
$1.4B
Q1 24
$1.8B
Net Profit
ARGX
ARGX
ASO
ASO
Q4 25
$877.2M
$71.6M
Q3 25
$125.4M
Q2 25
$414.8M
$46.1M
Q1 25
$133.6M
Q4 24
$865.6M
$65.8M
Q3 24
$142.6M
Q2 24
$-32.5M
$76.5M
Q1 24
$168.2M
Gross Margin
ARGX
ARGX
ASO
ASO
Q4 25
89.5%
35.7%
Q3 25
36.0%
Q2 25
89.2%
34.0%
Q1 25
32.2%
Q4 24
90.2%
34.0%
Q3 24
36.1%
Q2 24
89.4%
33.4%
Q1 24
33.3%
Operating Margin
ARGX
ARGX
ASO
ASO
Q4 25
28.9%
7.3%
Q3 25
10.8%
Q2 25
19.2%
5.1%
Q1 25
9.2%
Q4 24
8.7%
6.8%
Q3 24
12.3%
Q2 24
-15.4%
7.5%
Q1 24
11.4%
Net Margin
ARGX
ARGX
ASO
ASO
Q4 25
35.5%
5.2%
Q3 25
7.8%
Q2 25
23.4%
3.4%
Q1 25
8.0%
Q4 24
64.1%
4.9%
Q3 24
9.2%
Q2 24
-3.6%
5.6%
Q1 24
9.4%
EPS (diluted)
ARGX
ARGX
ASO
ASO
Q4 25
$13.25
$1.05
Q3 25
$1.85
Q2 25
$6.32
$0.68
Q1 25
$1.85
Q4 24
$13.33
$0.92
Q3 24
$1.95
Q2 24
$-0.55
$1.01
Q1 24
$2.19

Balance Sheet & Financial Strength

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

Metric
ARGX
ARGX
ASO
ASO
Cash + ST InvestmentsLiquidity on hand
$3.5B
$289.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.3B
$2.1B
Total Assets
$8.7B
$5.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARGX
ARGX
ASO
ASO
Q4 25
$3.5B
$289.5M
Q3 25
$300.9M
Q2 25
$2.1B
$285.1M
Q1 25
$288.9M
Q4 24
$1.5B
$296.0M
Q3 24
$324.6M
Q2 24
$1.4B
$378.1M
Q1 24
$347.9M
Total Debt
ARGX
ARGX
ASO
ASO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$11.0M
Q1 24
Stockholders' Equity
ARGX
ARGX
ASO
ASO
Q4 25
$7.3B
$2.1B
Q3 25
$2.1B
Q2 25
$6.1B
$1.9B
Q1 25
$2.0B
Q4 24
$5.5B
$2.0B
Q3 24
$2.0B
Q2 24
$4.3B
$1.9B
Q1 24
$2.0B
Total Assets
ARGX
ARGX
ASO
ASO
Q4 25
$8.7B
$5.4B
Q3 25
$5.3B
Q2 25
$7.2B
$5.2B
Q1 25
$4.9B
Q4 24
$6.2B
$5.1B
Q3 24
$4.9B
Q2 24
$4.8B
$4.9B
Q1 24
$4.7B
Debt / Equity
ARGX
ARGX
ASO
ASO
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
ARGX
ARGX
ASO
ASO
Operating Cash FlowLast quarter
$323.3M
$49.0M
Free Cash FlowOCF − Capex
$322.4M
$-13.6M
FCF MarginFCF / Revenue
13.0%
-1.0%
Capex IntensityCapex / Revenue
0.0%
4.5%
Cash ConversionOCF / Net Profit
0.37×
0.68×
TTM Free Cash FlowTrailing 4 quarters
$594.5M
$191.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARGX
ARGX
ASO
ASO
Q4 25
$323.3M
$49.0M
Q3 25
$78.6M
Q2 25
$361.8M
$157.5M
Q1 25
$140.2M
Q4 24
$41.9M
$96.9M
Q3 24
$91.3M
Q2 24
$-124.7M
$199.7M
Q1 24
$234.7M
Free Cash Flow
ARGX
ARGX
ASO
ASO
Q4 25
$322.4M
$-13.6M
Q3 25
$21.8M
Q2 25
$356.6M
$106.6M
Q1 25
$76.4M
Q4 24
$40.9M
$34.4M
Q3 24
$50.1M
Q2 24
$-125.5M
$167.4M
Q1 24
$178.9M
FCF Margin
ARGX
ARGX
ASO
ASO
Q4 25
13.0%
-1.0%
Q3 25
1.4%
Q2 25
20.1%
7.9%
Q1 25
4.6%
Q4 24
3.0%
2.6%
Q3 24
3.2%
Q2 24
-13.9%
12.3%
Q1 24
10.0%
Capex Intensity
ARGX
ARGX
ASO
ASO
Q4 25
0.0%
4.5%
Q3 25
3.5%
Q2 25
0.3%
3.8%
Q1 25
3.8%
Q4 24
0.1%
4.6%
Q3 24
2.7%
Q2 24
0.1%
2.4%
Q1 24
3.1%
Cash Conversion
ARGX
ARGX
ASO
ASO
Q4 25
0.37×
0.68×
Q3 25
0.63×
Q2 25
0.87×
3.42×
Q1 25
1.05×
Q4 24
0.05×
1.47×
Q3 24
0.64×
Q2 24
2.61×
Q1 24
1.40×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARGX
ARGX

Segment breakdown not available.

ASO
ASO

Outdoors$445.1M32%
Apparel$349.8M25%
Footwear$292.4M21%
Sports And Recreation$288.7M21%
Other$7.6M1%

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