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

ARGENX SE is the larger business by last-quarter revenue ($2.5B vs $2.2B, roughly 1.1× Celanese Corp). ARGENX SE runs the higher net margin — 35.5% vs 0.6%, a 34.8% gap on every dollar of revenue. On growth, ARGENX SE posted the faster year-over-year revenue change (83.2% vs -7.0%). ARGENX SE produced more free cash flow last quarter ($322.4M vs $168.0M).

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

Celanese Corporation, formerly known as Hoechst Celanese, is an American technology and specialty materials company headquartered in Irving, Texas. It is a Fortune 500 corporation. The company is the world's leading producer of acetic acid, producing about 1.95 million tonnes per year, representing approximately 20% of global production. Celanese is also the world's largest producer of vinyl acetate monomer (VAM).

ARGX vs CE — Head-to-Head

Bigger by revenue
ARGX
ARGX
1.1× larger
ARGX
$2.5B
$2.2B
CE
Growing faster (revenue YoY)
ARGX
ARGX
+90.2% gap
ARGX
83.2%
-7.0%
CE
Higher net margin
ARGX
ARGX
34.8% more per $
ARGX
35.5%
0.6%
CE
More free cash flow
ARGX
ARGX
$154.4M more FCF
ARGX
$322.4M
$168.0M
CE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARGX
ARGX
CE
CE
Revenue
$2.5B
$2.2B
Net Profit
$877.2M
$14.0M
Gross Margin
89.5%
19.1%
Operating Margin
28.9%
4.0%
Net Margin
35.5%
0.6%
Revenue YoY
83.2%
-7.0%
Net Profit YoY
1.3%
100.7%
EPS (diluted)
$13.25
$0.13

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
CE
CE
Q4 25
$2.5B
$2.2B
Q3 25
$2.4B
Q2 25
$1.8B
$2.5B
Q1 25
$2.4B
Q4 24
$1.4B
$2.4B
Q3 24
$2.6B
Q2 24
$901.9M
$2.7B
Q1 24
$2.6B
Net Profit
ARGX
ARGX
CE
CE
Q4 25
$877.2M
$14.0M
Q3 25
$-1.4B
Q2 25
$414.8M
$199.0M
Q1 25
$-21.0M
Q4 24
$865.6M
$-1.9B
Q3 24
$116.0M
Q2 24
$-32.5M
$155.0M
Q1 24
$121.0M
Gross Margin
ARGX
ARGX
CE
CE
Q4 25
89.5%
19.1%
Q3 25
21.5%
Q2 25
89.2%
21.1%
Q1 25
19.9%
Q4 24
90.2%
22.7%
Q3 24
23.5%
Q2 24
89.4%
24.2%
Q1 24
21.2%
Operating Margin
ARGX
ARGX
CE
CE
Q4 25
28.9%
4.0%
Q3 25
-52.7%
Q2 25
19.2%
9.2%
Q1 25
7.0%
Q4 24
8.7%
-59.3%
Q3 24
9.4%
Q2 24
-15.4%
9.4%
Q1 24
8.0%
Net Margin
ARGX
ARGX
CE
CE
Q4 25
35.5%
0.6%
Q3 25
-56.1%
Q2 25
23.4%
7.9%
Q1 25
-0.9%
Q4 24
64.1%
-80.8%
Q3 24
4.4%
Q2 24
-3.6%
5.8%
Q1 24
4.6%
EPS (diluted)
ARGX
ARGX
CE
CE
Q4 25
$13.25
$0.13
Q3 25
$-12.39
Q2 25
$6.32
$1.81
Q1 25
$-0.19
Q4 24
$13.33
$-17.50
Q3 24
$1.06
Q2 24
$-0.55
$1.41
Q1 24
$1.10

Balance Sheet & Financial Strength

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

Metric
ARGX
ARGX
CE
CE
Cash + ST InvestmentsLiquidity on hand
$3.5B
Total DebtLower is stronger
$11.4B
Stockholders' EquityBook value
$7.3B
$4.0B
Total Assets
$8.7B
$21.7B
Debt / EquityLower = less leverage
2.81×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARGX
ARGX
CE
CE
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
CE
CE
Q4 25
$11.4B
Q3 25
$11.7B
Q2 25
$12.7B
Q1 25
$12.4B
Q4 24
$11.1B
Q3 24
$11.3B
Q2 24
$11.0M
$11.1B
Q1 24
$11.0B
Stockholders' Equity
ARGX
ARGX
CE
CE
Q4 25
$7.3B
$4.0B
Q3 25
$4.0B
Q2 25
$6.1B
$5.3B
Q1 25
$5.2B
Q4 24
$5.5B
$5.2B
Q3 24
$7.3B
Q2 24
$4.3B
$7.2B
Q1 24
$7.1B
Total Assets
ARGX
ARGX
CE
CE
Q4 25
$8.7B
$21.7B
Q3 25
$22.2B
Q2 25
$7.2B
$23.7B
Q1 25
$23.2B
Q4 24
$6.2B
$22.9B
Q3 24
$25.9B
Q2 24
$4.8B
$25.8B
Q1 24
$26.0B
Debt / Equity
ARGX
ARGX
CE
CE
Q4 25
2.81×
Q3 25
2.95×
Q2 25
2.41×
Q1 25
2.39×
Q4 24
2.14×
Q3 24
1.56×
Q2 24
0.00×
1.54×
Q1 24
1.56×

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
CE
CE
Operating Cash FlowLast quarter
$323.3M
$252.0M
Free Cash FlowOCF − Capex
$322.4M
$168.0M
FCF MarginFCF / Revenue
13.0%
7.6%
Capex IntensityCapex / Revenue
0.0%
3.8%
Cash ConversionOCF / Net Profit
0.37×
18.00×
TTM Free Cash FlowTrailing 4 quarters
$594.5M
$803.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARGX
ARGX
CE
CE
Q4 25
$323.3M
$252.0M
Q3 25
$447.0M
Q2 25
$361.8M
$410.0M
Q1 25
$37.0M
Q4 24
$41.9M
$494.0M
Q3 24
$79.0M
Q2 24
$-124.7M
$292.0M
Q1 24
$101.0M
Free Cash Flow
ARGX
ARGX
CE
CE
Q4 25
$322.4M
$168.0M
Q3 25
$383.0M
Q2 25
$356.6M
$317.0M
Q1 25
$-65.0M
Q4 24
$40.9M
$389.0M
Q3 24
$-9.0M
Q2 24
$-125.5M
$187.0M
Q1 24
$-36.0M
FCF Margin
ARGX
ARGX
CE
CE
Q4 25
13.0%
7.6%
Q3 25
15.8%
Q2 25
20.1%
12.5%
Q1 25
-2.7%
Q4 24
3.0%
16.4%
Q3 24
-0.3%
Q2 24
-13.9%
7.1%
Q1 24
-1.4%
Capex Intensity
ARGX
ARGX
CE
CE
Q4 25
0.0%
3.8%
Q3 25
2.6%
Q2 25
0.3%
3.7%
Q1 25
4.3%
Q4 24
0.1%
4.4%
Q3 24
3.3%
Q2 24
0.1%
4.0%
Q1 24
5.2%
Cash Conversion
ARGX
ARGX
CE
CE
Q4 25
0.37×
18.00×
Q3 25
Q2 25
0.87×
2.06×
Q1 25
Q4 24
0.05×
Q3 24
0.68×
Q2 24
1.88×
Q1 24
0.83×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARGX
ARGX

Segment breakdown not available.

CE
CE

Engineered Materials$1.3B58%
Acetyl Chain$940.0M43%

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