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

ARGENX SE is the larger business by last-quarter revenue ($2.5B vs $1.7B, roughly 1.5× Huntington Ingalls Industries). ARGENX SE runs the higher net margin — 35.5% vs 8.9%, a 26.5% gap on every dollar of revenue. On growth, ARGENX SE posted the faster year-over-year revenue change (83.2% vs 13.8%). ARGENX SE produced more free cash flow last quarter ($322.4M vs $-461.0M).

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

Huntington Ingalls Industries, Inc. (HII) is the largest military shipbuilding company in the United States as well as a provider of professional services to partners in government and industry. HII was formed on 31 March 2011, as a divestiture from Northrop Grumman.

ARGX vs HII — Head-to-Head

Bigger by revenue
ARGX
ARGX
1.5× larger
ARGX
$2.5B
$1.7B
HII
Growing faster (revenue YoY)
ARGX
ARGX
+69.4% gap
ARGX
83.2%
13.8%
HII
Higher net margin
ARGX
ARGX
26.5% more per $
ARGX
35.5%
8.9%
HII
More free cash flow
ARGX
ARGX
$783.4M more FCF
ARGX
$322.4M
$-461.0M
HII

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ARGX
ARGX
HII
HII
Revenue
$2.5B
$1.7B
Net Profit
$877.2M
$149.0M
Gross Margin
89.5%
Operating Margin
28.9%
9.3%
Net Margin
35.5%
8.9%
Revenue YoY
83.2%
13.8%
Net Profit YoY
1.3%
EPS (diluted)
$13.25
$3.79

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
HII
HII
Q1 26
$1.7B
Q4 25
$2.5B
$3.5B
Q3 25
$3.2B
Q2 25
$1.8B
$3.1B
Q1 25
$2.7B
Q4 24
$1.4B
$3.0B
Q3 24
$2.7B
Q2 24
$901.9M
$3.0B
Net Profit
ARGX
ARGX
HII
HII
Q1 26
$149.0M
Q4 25
$877.2M
$159.0M
Q3 25
$145.0M
Q2 25
$414.8M
$152.0M
Q1 25
$149.0M
Q4 24
$865.6M
$123.0M
Q3 24
$101.0M
Q2 24
$-32.5M
$173.0M
Gross Margin
ARGX
ARGX
HII
HII
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
HII
HII
Q1 26
9.3%
Q4 25
28.9%
4.9%
Q3 25
5.0%
Q2 25
19.2%
5.3%
Q1 25
5.9%
Q4 24
8.7%
3.7%
Q3 24
3.0%
Q2 24
-15.4%
6.3%
Net Margin
ARGX
ARGX
HII
HII
Q1 26
8.9%
Q4 25
35.5%
4.6%
Q3 25
4.5%
Q2 25
23.4%
4.9%
Q1 25
5.4%
Q4 24
64.1%
4.1%
Q3 24
3.7%
Q2 24
-3.6%
5.8%
EPS (diluted)
ARGX
ARGX
HII
HII
Q1 26
$3.79
Q4 25
$13.25
$4.06
Q3 25
$3.68
Q2 25
$6.32
$3.86
Q1 25
$3.79
Q4 24
$13.33
$3.15
Q3 24
$2.56
Q2 24
$-0.55
$4.38

Balance Sheet & Financial Strength

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

Metric
ARGX
ARGX
HII
HII
Cash + ST InvestmentsLiquidity on hand
$3.5B
$216.0M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$7.3B
$5.1B
Total Assets
$8.7B
$12.5B
Debt / EquityLower = less leverage
0.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARGX
ARGX
HII
HII
Q1 26
$216.0M
Q4 25
$3.5B
Q3 25
Q2 25
$2.1B
Q1 25
Q4 24
$1.5B
Q3 24
Q2 24
$1.4B
Total Debt
ARGX
ARGX
HII
HII
Q1 26
$2.7B
Q4 25
$2.7B
Q3 25
Q2 25
Q1 25
Q4 24
$2.7B
Q3 24
Q2 24
$11.0M
Stockholders' Equity
ARGX
ARGX
HII
HII
Q1 26
$5.1B
Q4 25
$7.3B
$5.1B
Q3 25
$5.0B
Q2 25
$6.1B
$4.9B
Q1 25
$4.8B
Q4 24
$5.5B
$4.7B
Q3 24
$4.2B
Q2 24
$4.3B
$4.2B
Total Assets
ARGX
ARGX
HII
HII
Q1 26
$12.5B
Q4 25
$8.7B
$12.7B
Q3 25
$12.3B
Q2 25
$7.2B
$12.1B
Q1 25
$12.1B
Q4 24
$6.2B
$12.1B
Q3 24
$11.1B
Q2 24
$4.8B
$11.3B
Debt / Equity
ARGX
ARGX
HII
HII
Q1 26
0.52×
Q4 25
0.53×
Q3 25
Q2 25
Q1 25
Q4 24
0.58×
Q3 24
Q2 24
0.00×

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
HII
HII
Operating Cash FlowLast quarter
$323.3M
$-390.0M
Free Cash FlowOCF − Capex
$322.4M
$-461.0M
FCF MarginFCF / Revenue
13.0%
-27.7%
Capex IntensityCapex / Revenue
0.0%
4.4%
Cash ConversionOCF / Net Profit
0.37×
-2.62×
TTM Free Cash FlowTrailing 4 quarters
$594.5M
$795.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARGX
ARGX
HII
HII
Q1 26
$-390.0M
Q4 25
$323.3M
$650.0M
Q3 25
$118.0M
Q2 25
$361.8M
$823.0M
Q1 25
$-395.0M
Q4 24
$41.9M
$391.0M
Q3 24
$213.0M
Q2 24
$-124.7M
$-9.0M
Free Cash Flow
ARGX
ARGX
HII
HII
Q1 26
$-461.0M
Q4 25
$322.4M
$516.0M
Q3 25
$13.0M
Q2 25
$356.6M
$727.0M
Q1 25
$-462.0M
Q4 24
$40.9M
$277.0M
Q3 24
$125.0M
Q2 24
$-125.5M
$-99.0M
FCF Margin
ARGX
ARGX
HII
HII
Q1 26
-27.7%
Q4 25
13.0%
14.8%
Q3 25
0.4%
Q2 25
20.1%
23.6%
Q1 25
-16.9%
Q4 24
3.0%
9.2%
Q3 24
4.5%
Q2 24
-13.9%
-3.3%
Capex Intensity
ARGX
ARGX
HII
HII
Q1 26
4.4%
Q4 25
0.0%
3.9%
Q3 25
3.3%
Q2 25
0.3%
3.1%
Q1 25
2.5%
Q4 24
0.1%
3.8%
Q3 24
3.2%
Q2 24
0.1%
3.0%
Cash Conversion
ARGX
ARGX
HII
HII
Q1 26
-2.62×
Q4 25
0.37×
4.09×
Q3 25
0.81×
Q2 25
0.87×
5.41×
Q1 25
-2.65×
Q4 24
0.05×
3.18×
Q3 24
2.11×
Q2 24
-0.05×

Financial Flow Comparison

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

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