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

FLUOR CORP is the larger business by last-quarter revenue ($4.2B vs $2.5B, roughly 1.7× ARGENX SE). ARGENX SE runs the higher net margin — 35.5% vs -37.7%, a 73.1% gap on every dollar of revenue. On growth, ARGENX SE posted the faster year-over-year revenue change (83.2% vs -2.0%). ARGENX SE produced more free cash flow last quarter ($322.4M vs $-378.0M).

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

Fluor Corporation is an American engineering and construction firm, headquartered in Irving, Texas. It is a holding company that provides services through its subsidiaries in three main areas: oil and gas, industrial and infrastructure, government and power. It is the largest publicly traded engineering and construction company in the Fortune 500 rankings and is listed as 265th overall.

ARGX vs FLR — Head-to-Head

Bigger by revenue
FLR
FLR
1.7× larger
FLR
$4.2B
$2.5B
ARGX
Growing faster (revenue YoY)
ARGX
ARGX
+85.2% gap
ARGX
83.2%
-2.0%
FLR
Higher net margin
ARGX
ARGX
73.1% more per $
ARGX
35.5%
-37.7%
FLR
More free cash flow
ARGX
ARGX
$700.4M more FCF
ARGX
$322.4M
$-378.0M
FLR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARGX
ARGX
FLR
FLR
Revenue
$2.5B
$4.2B
Net Profit
$877.2M
$-1.6B
Gross Margin
89.5%
3.2%
Operating Margin
28.9%
1.3%
Net Margin
35.5%
-37.7%
Revenue YoY
83.2%
-2.0%
Net Profit YoY
1.3%
-184.4%
EPS (diluted)
$13.25
$-9.40

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
FLR
FLR
Q4 25
$2.5B
$4.2B
Q3 25
$3.4B
Q2 25
$1.8B
$4.0B
Q1 25
$4.0B
Q4 24
$1.4B
$4.3B
Q3 24
$4.1B
Q2 24
$901.9M
$4.2B
Q1 24
$3.7B
Net Profit
ARGX
ARGX
FLR
FLR
Q4 25
$877.2M
$-1.6B
Q3 25
$-697.0M
Q2 25
$414.8M
$2.5B
Q1 25
$-241.0M
Q4 24
$865.6M
$1.9B
Q3 24
$54.0M
Q2 24
$-32.5M
$169.0M
Q1 24
$59.0M
Gross Margin
ARGX
ARGX
FLR
FLR
Q4 25
89.5%
3.2%
Q3 25
-13.3%
Q2 25
89.2%
1.4%
Q1 25
3.5%
Q4 24
90.2%
4.9%
Q3 24
2.1%
Q2 24
89.4%
4.2%
Q1 24
2.7%
Operating Margin
ARGX
ARGX
FLR
FLR
Q4 25
28.9%
1.3%
Q3 25
-14.7%
Q2 25
19.2%
-0.7%
Q1 25
2.3%
Q4 24
8.7%
4.4%
Q3 24
1.2%
Q2 24
-15.4%
4.2%
Q1 24
1.4%
Net Margin
ARGX
ARGX
FLR
FLR
Q4 25
35.5%
-37.7%
Q3 25
-20.7%
Q2 25
23.4%
61.8%
Q1 25
-6.1%
Q4 24
64.1%
43.7%
Q3 24
1.3%
Q2 24
-3.6%
4.0%
Q1 24
1.6%
EPS (diluted)
ARGX
ARGX
FLR
FLR
Q4 25
$13.25
$-9.40
Q3 25
$-4.30
Q2 25
$6.32
$14.81
Q1 25
$-1.42
Q4 24
$13.33
$10.68
Q3 24
$0.31
Q2 24
$-0.55
$0.97
Q1 24
$0.34

Balance Sheet & Financial Strength

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

Metric
ARGX
ARGX
FLR
FLR
Cash + ST InvestmentsLiquidity on hand
$3.5B
$2.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$7.3B
$3.2B
Total Assets
$8.7B
$8.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARGX
ARGX
FLR
FLR
Q4 25
$3.5B
$2.2B
Q3 25
$2.8B
Q2 25
$2.1B
$2.3B
Q1 25
$2.5B
Q4 24
$1.5B
$3.0B
Q3 24
$3.0B
Q2 24
$1.4B
$2.7B
Q1 24
$2.4B
Total Debt
ARGX
ARGX
FLR
FLR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$11.0M
Q1 24
Stockholders' Equity
ARGX
ARGX
FLR
FLR
Q4 25
$7.3B
$3.2B
Q3 25
$5.2B
Q2 25
$6.1B
$5.9B
Q1 25
$3.6B
Q4 24
$5.5B
$3.9B
Q3 24
$2.3B
Q2 24
$4.3B
$2.1B
Q1 24
$2.0B
Total Assets
ARGX
ARGX
FLR
FLR
Q4 25
$8.7B
$8.2B
Q3 25
$11.5B
Q2 25
$7.2B
$11.8B
Q1 25
$8.4B
Q4 24
$6.2B
$9.1B
Q3 24
$7.1B
Q2 24
$4.8B
$6.8B
Q1 24
$6.7B
Debt / Equity
ARGX
ARGX
FLR
FLR
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
FLR
FLR
Operating Cash FlowLast quarter
$323.3M
$-366.0M
Free Cash FlowOCF − Capex
$322.4M
$-378.0M
FCF MarginFCF / Revenue
13.0%
-9.1%
Capex IntensityCapex / Revenue
0.0%
0.3%
Cash ConversionOCF / Net Profit
0.37×
TTM Free Cash FlowTrailing 4 quarters
$594.5M
$-437.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARGX
ARGX
FLR
FLR
Q4 25
$323.3M
$-366.0M
Q3 25
$286.0M
Q2 25
$361.8M
$-21.0M
Q1 25
$-286.0M
Q4 24
$41.9M
$327.0M
Q3 24
$330.0M
Q2 24
$-124.7M
$282.0M
Q1 24
$-111.0M
Free Cash Flow
ARGX
ARGX
FLR
FLR
Q4 25
$322.4M
$-378.0M
Q3 25
$273.0M
Q2 25
$356.6M
$-35.0M
Q1 25
$-297.0M
Q4 24
$40.9M
$296.0M
Q3 24
$279.0M
Q2 24
$-125.5M
$234.0M
Q1 24
$-145.0M
FCF Margin
ARGX
ARGX
FLR
FLR
Q4 25
13.0%
-9.1%
Q3 25
8.1%
Q2 25
20.1%
-0.9%
Q1 25
-7.5%
Q4 24
3.0%
6.9%
Q3 24
6.8%
Q2 24
-13.9%
5.5%
Q1 24
-3.9%
Capex Intensity
ARGX
ARGX
FLR
FLR
Q4 25
0.0%
0.3%
Q3 25
0.4%
Q2 25
0.3%
0.4%
Q1 25
0.3%
Q4 24
0.1%
0.7%
Q3 24
1.2%
Q2 24
0.1%
1.1%
Q1 24
0.9%
Cash Conversion
ARGX
ARGX
FLR
FLR
Q4 25
0.37×
Q3 25
Q2 25
0.87×
-0.01×
Q1 25
Q4 24
0.05×
0.18×
Q3 24
6.11×
Q2 24
1.67×
Q1 24
-1.88×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARGX
ARGX

Segment breakdown not available.

FLR
FLR

Urban Solutions Segment$2.6B63%
Energy Solutions Segment$943.0M23%
Mission Solutions Segment$600.0M14%

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