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

CSX Corporation is the larger business by last-quarter revenue ($3.5B vs $2.5B, roughly 1.4× ARGENX SE). ARGENX SE runs the higher net margin — 35.5% vs 23.2%, a 12.3% gap on every dollar of revenue. On growth, ARGENX SE posted the faster year-over-year revenue change (83.2% vs 1.7%). CSX Corporation produced more free cash flow last quarter ($793.0M vs $322.4M).

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

CSX Transportation, known colloquially as simply CSX, is a Class I freight railroad company operating in the Eastern United States and the Canadian provinces of Ontario and Quebec. Operating about 21,000 route miles (34,000 km) of track, it is the leading subsidiary of CSX Corporation, a Fortune 500 company headquartered in Jacksonville, Florida.

ARGX vs CSX — Head-to-Head

Bigger by revenue
CSX
CSX
1.4× larger
CSX
$3.5B
$2.5B
ARGX
Growing faster (revenue YoY)
ARGX
ARGX
+81.5% gap
ARGX
83.2%
1.7%
CSX
Higher net margin
ARGX
ARGX
12.3% more per $
ARGX
35.5%
23.2%
CSX
More free cash flow
CSX
CSX
$470.6M more FCF
CSX
$793.0M
$322.4M
ARGX

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ARGX
ARGX
CSX
CSX
Revenue
$2.5B
$3.5B
Net Profit
$877.2M
$807.0M
Gross Margin
89.5%
Operating Margin
28.9%
36.0%
Net Margin
35.5%
23.2%
Revenue YoY
83.2%
1.7%
Net Profit YoY
1.3%
24.9%
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
CSX
CSX
Q1 26
$3.5B
Q4 25
$2.5B
$3.5B
Q3 25
$3.6B
Q2 25
$1.8B
$3.6B
Q1 25
$3.4B
Q4 24
$1.4B
$3.5B
Q3 24
$3.6B
Q2 24
$901.9M
$3.7B
Net Profit
ARGX
ARGX
CSX
CSX
Q1 26
$807.0M
Q4 25
$877.2M
$720.0M
Q3 25
$694.0M
Q2 25
$414.8M
$829.0M
Q1 25
$646.0M
Q4 24
$865.6M
$720.0M
Q3 24
$894.0M
Q2 24
$-32.5M
$963.0M
Gross Margin
ARGX
ARGX
CSX
CSX
Q1 26
Q4 25
89.5%
Q3 25
Q2 25
89.2%
Q1 25
Q4 24
90.2%
Q3 24
Q2 24
89.4%
Operating Margin
ARGX
ARGX
CSX
CSX
Q1 26
36.0%
Q4 25
28.9%
31.6%
Q3 25
30.3%
Q2 25
19.2%
35.9%
Q1 25
30.4%
Q4 24
8.7%
30.8%
Q3 24
37.4%
Q2 24
-15.4%
39.1%
Net Margin
ARGX
ARGX
CSX
CSX
Q1 26
23.2%
Q4 25
35.5%
20.5%
Q3 25
19.3%
Q2 25
23.4%
23.2%
Q1 25
18.9%
Q4 24
64.1%
20.3%
Q3 24
24.7%
Q2 24
-3.6%
26.0%
EPS (diluted)
ARGX
ARGX
CSX
CSX
Q1 26
Q4 25
$13.25
$0.39
Q3 25
$0.37
Q2 25
$6.32
$0.44
Q1 25
$0.34
Q4 24
$13.33
$0.38
Q3 24
$0.46
Q2 24
$-0.55
$0.49

Balance Sheet & Financial Strength

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

Metric
ARGX
ARGX
CSX
CSX
Cash + ST InvestmentsLiquidity on hand
$3.5B
$1.1B
Total DebtLower is stronger
$18.9B
Stockholders' EquityBook value
$7.3B
$13.6B
Total Assets
$8.7B
$44.2B
Debt / EquityLower = less leverage
1.39×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARGX
ARGX
CSX
CSX
Q1 26
$1.1B
Q4 25
$3.5B
$5.0M
Q3 25
$6.0M
Q2 25
$2.1B
$6.0M
Q1 25
$8.0M
Q4 24
$1.5B
$72.0M
Q3 24
$12.0M
Q2 24
$1.4B
$4.0M
Total Debt
ARGX
ARGX
CSX
CSX
Q1 26
$18.9B
Q4 25
$18.2B
Q3 25
$18.6B
Q2 25
$18.6B
Q1 25
$18.5B
Q4 24
$17.9B
Q3 24
$18.5B
Q2 24
$11.0M
$18.0B
Stockholders' Equity
ARGX
ARGX
CSX
CSX
Q1 26
$13.6B
Q4 25
$7.3B
$13.2B
Q3 25
$12.8B
Q2 25
$6.1B
$12.4B
Q1 25
$12.2B
Q4 24
$5.5B
$12.5B
Q3 24
$12.9B
Q2 24
$4.3B
$12.6B
Total Assets
ARGX
ARGX
CSX
CSX
Q1 26
$44.2B
Q4 25
$8.7B
$43.7B
Q3 25
$43.3B
Q2 25
$7.2B
$42.9B
Q1 25
$43.2B
Q4 24
$6.2B
$42.8B
Q3 24
$43.1B
Q2 24
$4.8B
$42.4B
Debt / Equity
ARGX
ARGX
CSX
CSX
Q1 26
1.39×
Q4 25
1.38×
Q3 25
1.45×
Q2 25
1.50×
Q1 25
1.52×
Q4 24
1.43×
Q3 24
1.43×
Q2 24
0.00×
1.42×

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
CSX
CSX
Operating Cash FlowLast quarter
$323.3M
$1.3B
Free Cash FlowOCF − Capex
$322.4M
$793.0M
FCF MarginFCF / Revenue
13.0%
22.8%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.37×
1.58×
TTM Free Cash FlowTrailing 4 quarters
$594.5M
$2.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARGX
ARGX
CSX
CSX
Q1 26
$1.3B
Q4 25
$323.3M
$1.4B
Q3 25
$1.3B
Q2 25
$361.8M
$635.0M
Q1 25
$1.3B
Q4 24
$41.9M
$1.4B
Q3 24
$1.7B
Q2 24
$-124.7M
$1.1B
Free Cash Flow
ARGX
ARGX
CSX
CSX
Q1 26
$793.0M
Q4 25
$322.4M
$709.0M
Q3 25
$607.0M
Q2 25
$356.6M
$-141.0M
Q1 25
$536.0M
Q4 24
$40.9M
$550.0M
Q3 24
$1.1B
Q2 24
$-125.5M
$547.0M
FCF Margin
ARGX
ARGX
CSX
CSX
Q1 26
22.8%
Q4 25
13.0%
20.2%
Q3 25
16.9%
Q2 25
20.1%
-3.9%
Q1 25
15.7%
Q4 24
3.0%
15.5%
Q3 24
29.3%
Q2 24
-13.9%
14.8%
Capex Intensity
ARGX
ARGX
CSX
CSX
Q1 26
Q4 25
0.0%
19.3%
Q3 25
20.4%
Q2 25
0.3%
21.7%
Q1 25
21.0%
Q4 24
0.1%
23.7%
Q3 24
17.3%
Q2 24
0.1%
14.6%
Cash Conversion
ARGX
ARGX
CSX
CSX
Q1 26
1.58×
Q4 25
0.37×
1.93×
Q3 25
1.93×
Q2 25
0.87×
0.77×
Q1 25
1.94×
Q4 24
0.05×
1.93×
Q3 24
1.89×
Q2 24
1.13×

Financial Flow Comparison

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

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