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

ARGENX SE is the larger business by last-quarter revenue ($2.5B vs $1.5B, roughly 1.6× BioNTech SE). ARGENX SE runs the higher net margin — 35.5% vs -1.9%, a 37.4% gap on every dollar of revenue.

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

BioNTech SE is a German multinational biotechnology company headquartered in Mainz that develops immunotherapies and vaccines, particularly for cancer and infectious diseases.

ARGX vs BNTX — Head-to-Head

Bigger by revenue
ARGX
ARGX
1.6× larger
ARGX
$2.5B
$1.5B
BNTX
Higher net margin
ARGX
ARGX
37.4% more per $
ARGX
35.5%
-1.9%
BNTX

Income Statement — Q4 2025 vs Q3 2025

Metric
ARGX
ARGX
BNTX
BNTX
Revenue
$2.5B
$1.5B
Net Profit
$877.2M
$-28.7M
Gross Margin
89.5%
Operating Margin
28.9%
-3.1%
Net Margin
35.5%
-1.9%
Revenue YoY
83.2%
Net Profit YoY
1.3%
EPS (diluted)
$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
ARGX
ARGX
BNTX
BNTX
Q4 25
$2.5B
Q3 25
$1.5B
Q2 25
$1.8B
$260.8M
Q1 25
$182.8M
Q4 24
$1.4B
Q3 24
$1.2B
Q2 24
$901.9M
$128.7M
Q1 24
$187.6M
Net Profit
ARGX
ARGX
BNTX
BNTX
Q4 25
$877.2M
Q3 25
$-28.7M
Q2 25
$414.8M
$-386.6M
Q1 25
$-415.8M
Q4 24
$865.6M
Q3 24
$198.1M
Q2 24
$-32.5M
Q1 24
Gross Margin
ARGX
ARGX
BNTX
BNTX
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
BNTX
BNTX
Q4 25
28.9%
Q3 25
-3.1%
Q2 25
19.2%
-192.1%
Q1 25
-292.2%
Q4 24
8.7%
Q3 24
0.8%
Q2 24
-15.4%
-750.7%
Q1 24
-270.4%
Net Margin
ARGX
ARGX
BNTX
BNTX
Q4 25
35.5%
Q3 25
-1.9%
Q2 25
23.4%
-148.2%
Q1 25
-227.5%
Q4 24
64.1%
Q3 24
15.9%
Q2 24
-3.6%
Q1 24
EPS (diluted)
ARGX
ARGX
BNTX
BNTX
Q4 25
$13.25
Q3 25
Q2 25
$6.32
Q1 25
Q4 24
$13.33
Q3 24
Q2 24
$-0.55
Q1 24

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARGX
ARGX
BNTX
BNTX
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
BNTX
BNTX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$11.0M
Q1 24
Stockholders' Equity
ARGX
ARGX
BNTX
BNTX
Q4 25
$7.3B
Q3 25
Q2 25
$6.1B
Q1 25
Q4 24
$5.5B
Q3 24
Q2 24
$4.3B
Q1 24
Total Assets
ARGX
ARGX
BNTX
BNTX
Q4 25
$8.7B
Q3 25
Q2 25
$7.2B
Q1 25
Q4 24
$6.2B
Q3 24
Q2 24
$4.8B
Q1 24
Debt / Equity
ARGX
ARGX
BNTX
BNTX
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
BNTX
BNTX
Operating Cash FlowLast quarter
$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
ARGX
ARGX
BNTX
BNTX
Q4 25
$323.3M
Q3 25
Q2 25
$361.8M
Q1 25
Q4 24
$41.9M
Q3 24
Q2 24
$-124.7M
Q1 24
Free Cash Flow
ARGX
ARGX
BNTX
BNTX
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
ARGX
ARGX
BNTX
BNTX
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
ARGX
ARGX
BNTX
BNTX
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
ARGX
ARGX
BNTX
BNTX
Q4 25
0.37×
Q3 25
Q2 25
0.87×
Q1 25
Q4 24
0.05×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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