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Side-by-side financial comparison of ARGENX SE (ARGX) and GRAPHIC PACKAGING HOLDING CO (GPK). Click either name above to swap in a different company.
ARGENX SE is the larger business by last-quarter revenue ($2.5B vs $2.1B, roughly 1.2× GRAPHIC PACKAGING HOLDING CO). ARGENX SE runs the higher net margin — 35.5% vs 3.4%, a 32.1% gap on every dollar of revenue. On growth, ARGENX SE posted the faster year-over-year revenue change (83.2% vs 0.2%).
AbbVie Inc. is an American pharmaceutical company headquartered in North Chicago, Illinois. They have produced drugs to treat a wide range of medical issues.
Graphic Packaging International is a Fortune 500 corporation based in Atlanta, Georgia, United States. It designs and manufactures packaging solutions for commercial products. GPI manufactures paperboard and folding cartons for a wide range of popular consumer goods, particularly beverages and packaged food. The company operates paperboard mills in Kalamazoo, Michigan; Macon, Georgia; Middletown, Ohio; Prosperity, South Carolina; Texarkana, Texas; and West Monroe, Louisiana, that use recycled...
ARGX vs GPK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $2.1B |
| Net Profit | $877.2M | $71.0M |
| Gross Margin | 89.5% | 14.1% |
| Operating Margin | 28.9% | 7.4% |
| Net Margin | 35.5% | 3.4% |
| Revenue YoY | 83.2% | 0.2% |
| Net Profit YoY | 1.3% | -48.6% |
| EPS (diluted) | $13.25 | $0.24 |
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.
| Q4 25 | $2.5B | $2.1B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | $1.8B | $2.2B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | $901.9M | $2.2B | ||
| Q1 24 | — | $2.3B |
| Q4 25 | $877.2M | $71.0M | ||
| Q3 25 | — | $142.0M | ||
| Q2 25 | $414.8M | $104.0M | ||
| Q1 25 | — | $127.0M | ||
| Q4 24 | $865.6M | $138.0M | ||
| Q3 24 | — | $165.0M | ||
| Q2 24 | $-32.5M | $190.0M | ||
| Q1 24 | — | $165.0M |
| Q4 25 | 89.5% | 14.1% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | 89.2% | 18.7% | ||
| Q1 25 | — | 20.6% | ||
| Q4 24 | 90.2% | 21.4% | ||
| Q3 24 | — | 22.3% | ||
| Q2 24 | 89.4% | 21.2% | ||
| Q1 24 | — | 23.0% |
| Q4 25 | 28.9% | 7.4% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | 19.2% | 8.8% | ||
| Q1 25 | — | 10.5% | ||
| Q4 24 | 8.7% | 11.4% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | -15.4% | 14.5% | ||
| Q1 24 | — | 12.4% |
| Q4 25 | 35.5% | 3.4% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | 23.4% | 4.7% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | 64.1% | 6.6% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | -3.6% | 8.5% | ||
| Q1 24 | — | 7.3% |
| Q4 25 | $13.25 | $0.24 | ||
| Q3 25 | — | $0.48 | ||
| Q2 25 | $6.32 | $0.34 | ||
| Q1 25 | — | $0.42 | ||
| Q4 24 | $13.33 | $0.46 | ||
| Q3 24 | — | $0.55 | ||
| Q2 24 | $-0.55 | $0.62 | ||
| Q1 24 | — | $0.53 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.5B | $261.0M |
| Total DebtLower is stronger | — | $5.0B |
| Stockholders' EquityBook value | $7.3B | $3.3B |
| Total Assets | $8.7B | $11.8B |
| Debt / EquityLower = less leverage | — | 1.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.5B | $261.0M | ||
| Q3 25 | — | $120.0M | ||
| Q2 25 | $2.1B | $120.0M | ||
| Q1 25 | — | $129.0M | ||
| Q4 24 | $1.5B | $157.0M | ||
| Q3 24 | — | $126.0M | ||
| Q2 24 | $1.4B | $125.0M | ||
| Q1 24 | — | $136.0M |
| Q4 25 | — | $5.0B | ||
| Q3 25 | — | $5.5B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | $5.4B | ||
| Q2 24 | $11.0M | $4.9B | ||
| Q1 24 | — | $4.9B |
| Q4 25 | $7.3B | $3.3B | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | $6.1B | $3.2B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | $5.5B | $3.0B | ||
| Q3 24 | — | $3.0B | ||
| Q2 24 | $4.3B | $2.8B | ||
| Q1 24 | — | $2.9B |
| Q4 25 | $8.7B | $11.8B | ||
| Q3 25 | — | $11.9B | ||
| Q2 25 | $7.2B | $11.8B | ||
| Q1 25 | — | $11.5B | ||
| Q4 24 | $6.2B | $11.1B | ||
| Q3 24 | — | $11.2B | ||
| Q2 24 | $4.8B | $10.8B | ||
| Q1 24 | — | $11.3B |
| Q4 25 | — | 1.51× | ||
| Q3 25 | — | 1.67× | ||
| Q2 25 | — | 1.68× | ||
| Q1 25 | — | 1.80× | ||
| Q4 24 | — | 1.71× | ||
| Q3 24 | — | 1.79× | ||
| Q2 24 | 0.00× | 1.75× | ||
| Q1 24 | — | 1.73× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $323.3M | $521.0M |
| Free Cash FlowOCF − Capex | $322.4M | — |
| FCF MarginFCF / Revenue | 13.0% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | 0.37× | 7.34× |
| TTM Free Cash FlowTrailing 4 quarters | $594.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $323.3M | $521.0M | ||
| Q3 25 | — | $227.0M | ||
| Q2 25 | $361.8M | $267.0M | ||
| Q1 25 | — | $-174.0M | ||
| Q4 24 | $41.9M | $489.0M | ||
| Q3 24 | — | $187.0M | ||
| Q2 24 | $-124.7M | $161.0M | ||
| Q1 24 | — | $3.0M |
| Q4 25 | $322.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $356.6M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $40.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-125.5M | — | ||
| Q1 24 | — | — |
| Q4 25 | 13.0% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 20.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -13.9% | — | ||
| Q1 24 | — | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | — | — |
| Q4 25 | 0.37× | 7.34× | ||
| Q3 25 | — | 1.60× | ||
| Q2 25 | 0.87× | 2.57× | ||
| Q1 25 | — | -1.37× | ||
| Q4 24 | 0.05× | 3.54× | ||
| Q3 24 | — | 1.13× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | 0.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARGX
Segment breakdown not available.
GPK
| Americas Paperboard Packaging | $1.4B | 68% |
| Other | $667.0M | 32% |
