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

ARGENX SE is the larger business by last-quarter revenue ($2.5B vs $2.3B, roughly 1.1× Franklin Resources). ARGENX SE runs the higher net margin — 35.5% vs 11.0%, a 24.5% gap on every dollar of revenue. On growth, ARGENX SE posted the faster year-over-year revenue change (83.2% vs 3.4%).

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

Franklin Resources, Inc. is an American multinational investment management holding company that, together with its subsidiaries, is referred to as Franklin Templeton; it is a global investment firm founded in New York City in 1947 as Franklin Distributors, Inc. It is listed on the New York Stock Exchange under the ticker symbol BEN, in honor of Benjamin Franklin, for whom the company is named, and who was admired by founder Rupert Johnson Sr. In 1973, the company's headquarters moved from Ne...

ARGX vs BEN — Head-to-Head

Bigger by revenue
ARGX
ARGX
1.1× larger
ARGX
$2.5B
$2.3B
BEN
Growing faster (revenue YoY)
ARGX
ARGX
+79.9% gap
ARGX
83.2%
3.4%
BEN
Higher net margin
ARGX
ARGX
24.5% more per $
ARGX
35.5%
11.0%
BEN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ARGX
ARGX
BEN
BEN
Revenue
$2.5B
$2.3B
Net Profit
$877.2M
$255.5M
Gross Margin
89.5%
Operating Margin
28.9%
12.1%
Net Margin
35.5%
11.0%
Revenue YoY
83.2%
3.4%
Net Profit YoY
1.3%
56.2%
EPS (diluted)
$13.25
$0.46

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
BEN
BEN
Q4 25
$2.5B
$2.3B
Q3 25
$2.3B
Q2 25
$1.8B
$2.1B
Q1 25
$2.1B
Q4 24
$1.4B
$2.3B
Q3 24
$2.2B
Q2 24
$901.9M
$2.1B
Q1 24
$2.2B
Net Profit
ARGX
ARGX
BEN
BEN
Q4 25
$877.2M
$255.5M
Q3 25
$117.6M
Q2 25
$414.8M
$92.3M
Q1 25
$151.4M
Q4 24
$865.6M
$163.6M
Q3 24
$-84.7M
Q2 24
$-32.5M
$174.0M
Q1 24
$124.2M
Gross Margin
ARGX
ARGX
BEN
BEN
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
ARGX
ARGX
BEN
BEN
Q4 25
28.9%
12.1%
Q3 25
3.6%
Q2 25
19.2%
7.5%
Q1 25
6.9%
Q4 24
8.7%
9.7%
Q3 24
-6.8%
Q2 24
-15.4%
10.5%
Q1 24
6.0%
Net Margin
ARGX
ARGX
BEN
BEN
Q4 25
35.5%
11.0%
Q3 25
5.0%
Q2 25
23.4%
4.5%
Q1 25
7.2%
Q4 24
64.1%
7.3%
Q3 24
-3.8%
Q2 24
-3.6%
8.2%
Q1 24
5.8%
EPS (diluted)
ARGX
ARGX
BEN
BEN
Q4 25
$13.25
$0.46
Q3 25
$0.21
Q2 25
$6.32
$0.15
Q1 25
$0.26
Q4 24
$13.33
$0.29
Q3 24
$-0.20
Q2 24
$-0.55
$0.32
Q1 24
$0.23

Balance Sheet & Financial Strength

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

Metric
ARGX
ARGX
BEN
BEN
Cash + ST InvestmentsLiquidity on hand
$3.5B
Total DebtLower is stronger
$2.4B
Stockholders' EquityBook value
$7.3B
$12.1B
Total Assets
$8.7B
$32.5B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARGX
ARGX
BEN
BEN
Q4 25
$3.5B
Q3 25
Q2 25
$2.1B
Q1 25
Q4 24
$1.5B
Q3 24
Q2 24
$1.4B
Q1 24
Total Debt
ARGX
ARGX
BEN
BEN
Q4 25
$2.4B
Q3 25
$2.4B
Q2 25
$2.7B
Q1 25
$2.7B
Q4 24
$2.8B
Q3 24
$2.8B
Q2 24
$11.0M
$3.0B
Q1 24
$3.0B
Stockholders' Equity
ARGX
ARGX
BEN
BEN
Q4 25
$7.3B
$12.1B
Q3 25
$12.1B
Q2 25
$6.1B
$12.2B
Q1 25
$12.3B
Q4 24
$5.5B
$12.5B
Q3 24
$12.5B
Q2 24
$4.3B
$12.9B
Q1 24
$12.9B
Total Assets
ARGX
ARGX
BEN
BEN
Q4 25
$8.7B
$32.5B
Q3 25
$32.4B
Q2 25
$7.2B
$32.6B
Q1 25
$32.0B
Q4 24
$6.2B
$32.4B
Q3 24
$32.5B
Q2 24
$4.8B
$33.3B
Q1 24
$32.9B
Debt / Equity
ARGX
ARGX
BEN
BEN
Q4 25
0.19×
Q3 25
0.20×
Q2 25
0.22×
Q1 25
0.22×
Q4 24
0.22×
Q3 24
0.22×
Q2 24
0.00×
0.24×
Q1 24
0.24×

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
BEN
BEN
Operating Cash FlowLast quarter
$323.3M
$-255.1M
Free Cash FlowOCF − Capex
$322.4M
FCF MarginFCF / Revenue
13.0%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.37×
-1.00×
TTM Free Cash FlowTrailing 4 quarters
$594.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARGX
ARGX
BEN
BEN
Q4 25
$323.3M
$-255.1M
Q3 25
$-20.7M
Q2 25
$361.8M
$1.3B
Q1 25
$-50.1M
Q4 24
$41.9M
$-145.2M
Q3 24
$558.2M
Q2 24
$-124.7M
$528.4M
Q1 24
$136.6M
Free Cash Flow
ARGX
ARGX
BEN
BEN
Q4 25
$322.4M
Q3 25
$-51.9M
Q2 25
$356.6M
$1.3B
Q1 25
$-87.6M
Q4 24
$40.9M
$-217.0M
Q3 24
$488.4M
Q2 24
$-125.5M
$482.3M
Q1 24
$94.9M
FCF Margin
ARGX
ARGX
BEN
BEN
Q4 25
13.0%
Q3 25
-2.2%
Q2 25
20.1%
61.4%
Q1 25
-4.1%
Q4 24
3.0%
-9.6%
Q3 24
22.1%
Q2 24
-13.9%
22.7%
Q1 24
4.4%
Capex Intensity
ARGX
ARGX
BEN
BEN
Q4 25
0.0%
Q3 25
1.3%
Q2 25
0.3%
0.7%
Q1 25
1.8%
Q4 24
0.1%
3.2%
Q3 24
3.2%
Q2 24
0.1%
2.2%
Q1 24
1.9%
Cash Conversion
ARGX
ARGX
BEN
BEN
Q4 25
0.37×
-1.00×
Q3 25
-0.18×
Q2 25
0.87×
13.89×
Q1 25
-0.33×
Q4 24
0.05×
-0.89×
Q3 24
Q2 24
3.04×
Q1 24
1.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARGX
ARGX

Segment breakdown not available.

BEN
BEN

Investment Advisory Management And Administrative Service$1.8B79%
Sales And Distribution Fees$388.7M17%
Shareholder Service$70.9M3%
Service Other$19.6M1%

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