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Side-by-side financial comparison of ARGENX SE (ARGX) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
ARGENX SE is the larger business by last-quarter revenue ($2.5B vs $1.4B, roughly 1.8× Lineage, Inc.). ARGENX SE runs the higher net margin — 35.5% vs -7.3%, a 42.7% gap on every dollar of revenue. On growth, ARGENX SE posted the faster year-over-year revenue change (83.2% vs 3.1%). ARGENX SE produced more free cash flow last quarter ($322.4M vs $35.0M).
AbbVie Inc. is an American pharmaceutical company headquartered in North Chicago, Illinois. They have produced drugs to treat a wide range of medical issues.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
ARGX vs LINE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $1.4B |
| Net Profit | $877.2M | $-100.0M |
| Gross Margin | 89.5% | 32.3% |
| Operating Margin | 28.9% | 2.5% |
| Net Margin | 35.5% | -7.3% |
| Revenue YoY | 83.2% | 3.1% |
| Net Profit YoY | 1.3% | 79.4% |
| EPS (diluted) | $13.25 | $-0.44 |
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 | — | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | $901.9M | $1.3B | ||
| Q1 24 | — | $1.3B |
| Q4 25 | $877.2M | — | ||
| Q3 25 | — | $-100.0M | ||
| Q2 25 | $414.8M | $-6.0M | ||
| Q1 25 | — | $0 | ||
| Q4 24 | $865.6M | $-71.0M | ||
| Q3 24 | — | $-485.0M | ||
| Q2 24 | $-32.5M | $-68.0M | ||
| Q1 24 | — | $-40.0M |
| Q4 25 | 89.5% | — | ||
| Q3 25 | — | 32.3% | ||
| Q2 25 | 89.2% | 31.9% | ||
| Q1 25 | — | 32.2% | ||
| Q4 24 | 90.2% | 32.3% | ||
| Q3 24 | — | 32.8% | ||
| Q2 24 | 89.4% | 33.4% | ||
| Q1 24 | — | 33.4% |
| Q4 25 | 28.9% | — | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | 19.2% | 1.7% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | 8.7% | -1.6% | ||
| Q3 24 | — | -38.6% | ||
| Q2 24 | -15.4% | 5.5% | ||
| Q1 24 | — | 7.6% |
| Q4 25 | 35.5% | — | ||
| Q3 25 | — | -7.3% | ||
| Q2 25 | 23.4% | -0.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | 64.1% | -5.3% | ||
| Q3 24 | — | -36.3% | ||
| Q2 24 | -3.6% | -5.1% | ||
| Q1 24 | — | -3.0% |
| Q4 25 | $13.25 | — | ||
| Q3 25 | — | $-0.44 | ||
| Q2 25 | $6.32 | $-0.03 | ||
| Q1 25 | — | $0.01 | ||
| Q4 24 | $13.33 | $-0.52 | ||
| Q3 24 | — | $-2.44 | ||
| Q2 24 | $-0.55 | $-0.46 | ||
| Q1 24 | — | $-0.28 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.3B | $8.4B |
| Total Assets | $8.7B | $19.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.5B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | $173.0M | ||
| Q3 24 | — | $409.0M | ||
| Q2 24 | $1.4B | $73.0M | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $11.0M | — | ||
| Q1 24 | — | — |
| Q4 25 | $7.3B | — | ||
| Q3 25 | — | $8.4B | ||
| Q2 25 | $6.1B | $8.6B | ||
| Q1 25 | — | $8.6B | ||
| Q4 24 | $5.5B | $8.6B | ||
| Q3 24 | — | $9.0B | ||
| Q2 24 | $4.3B | $4.9B | ||
| Q1 24 | — | $5.6B |
| Q4 25 | $8.7B | — | ||
| Q3 25 | — | $19.2B | ||
| Q2 25 | $7.2B | $19.4B | ||
| Q1 25 | — | $18.8B | ||
| Q4 24 | $6.2B | $18.7B | ||
| Q3 24 | — | $19.3B | ||
| Q2 24 | $4.8B | $18.8B | ||
| Q1 24 | — | — |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $323.3M | $230.0M |
| Free Cash FlowOCF − Capex | $322.4M | $35.0M |
| FCF MarginFCF / Revenue | 13.0% | 2.5% |
| Capex IntensityCapex / Revenue | 0.0% | 14.2% |
| Cash ConversionOCF / Net Profit | 0.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | $594.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $323.3M | — | ||
| Q3 25 | — | $230.0M | ||
| Q2 25 | $361.8M | $258.0M | ||
| Q1 25 | — | $139.0M | ||
| Q4 24 | $41.9M | — | ||
| Q3 24 | — | $186.0M | ||
| Q2 24 | $-124.7M | $155.0M | ||
| Q1 24 | — | $105.0M |
| Q4 25 | $322.4M | — | ||
| Q3 25 | — | $35.0M | ||
| Q2 25 | $356.6M | $95.0M | ||
| Q1 25 | — | $-12.0M | ||
| Q4 24 | $40.9M | — | ||
| Q3 24 | — | $33.0M | ||
| Q2 24 | $-125.5M | $-31.0M | ||
| Q1 24 | — | $-42.0M |
| Q4 25 | 13.0% | — | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | 20.1% | 7.0% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | -13.9% | -2.3% | ||
| Q1 24 | — | -3.2% |
| Q4 25 | 0.0% | — | ||
| Q3 25 | — | 14.2% | ||
| Q2 25 | 0.3% | 12.1% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | 0.1% | 13.9% | ||
| Q1 24 | — | 11.1% |
| Q4 25 | 0.37× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.87× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.05× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARGX
Segment breakdown not available.
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
