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Side-by-side financial comparison of ARGENX SE (ARGX) and Macy's, Inc. (M). Click either name above to swap in a different company.
Macy's, Inc. is the larger business by last-quarter revenue ($4.7B vs $2.5B, roughly 1.9× ARGENX SE). ARGENX SE runs the higher net margin — 35.5% vs 0.2%, a 35.2% gap on every dollar of revenue. On growth, ARGENX SE posted the faster year-over-year revenue change (83.2% vs -0.6%). ARGENX SE produced more free cash flow last quarter ($322.4M vs $-101.0M).
AbbVie Inc. is an American pharmaceutical company headquartered in North Chicago, Illinois. They have produced drugs to treat a wide range of medical issues.
Macy's, Inc. is an American holding company of department stores. Upon its establishment in 1929, Federated held ownership of the regional department store chains Abraham & Straus, Lazarus, Filene's, and Shillito's. Bloomingdale's joined Federated Department Stores the next year. Throughout its early history, frequent acquisitions and divestitures saw the company operate a number of nameplates. In 1994, Federated took over Macy's, the old department store chain originally founded in 1858 by A...
ARGX vs M — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $4.7B |
| Net Profit | $877.2M | $11.0M |
| Gross Margin | 89.5% | 39.4% |
| Operating Margin | 28.9% | 0.9% |
| Net Margin | 35.5% | 0.2% |
| Revenue YoY | 83.2% | -0.6% |
| Net Profit YoY | 1.3% | -60.7% |
| EPS (diluted) | $13.25 | $0.04 |
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 | $4.7B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | $1.8B | $4.6B | ||
| Q1 25 | — | $7.8B | ||
| Q4 24 | $1.4B | $4.7B | ||
| Q3 24 | — | $4.9B | ||
| Q2 24 | $901.9M | $4.8B | ||
| Q1 24 | — | $8.1B |
| Q4 25 | $877.2M | $11.0M | ||
| Q3 25 | — | $87.0M | ||
| Q2 25 | $414.8M | $38.0M | ||
| Q1 25 | — | $342.0M | ||
| Q4 24 | $865.6M | $28.0M | ||
| Q3 24 | — | $150.0M | ||
| Q2 24 | $-32.5M | $62.0M | ||
| Q1 24 | — | $-71.0M |
| Q4 25 | 89.5% | 39.4% | ||
| Q3 25 | — | 39.7% | ||
| Q2 25 | 89.2% | 39.2% | ||
| Q1 25 | — | 35.7% | ||
| Q4 24 | 90.2% | 39.6% | ||
| Q3 24 | — | 40.5% | ||
| Q2 24 | 89.4% | 39.2% | ||
| Q1 24 | — | 37.5% |
| Q4 25 | 28.9% | 0.9% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | 19.2% | 2.0% | ||
| Q1 25 | — | 6.4% | ||
| Q4 24 | 8.7% | 1.3% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | -15.4% | 2.6% | ||
| Q1 24 | — | -0.9% |
| Q4 25 | 35.5% | 0.2% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | 23.4% | 0.8% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | 64.1% | 0.6% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | -3.6% | 1.3% | ||
| Q1 24 | — | -0.9% |
| Q4 25 | $13.25 | $0.04 | ||
| Q3 25 | — | $0.31 | ||
| Q2 25 | $6.32 | $0.13 | ||
| Q1 25 | — | $1.22 | ||
| Q4 24 | $13.33 | $0.10 | ||
| Q3 24 | — | $0.53 | ||
| Q2 24 | $-0.55 | $0.22 | ||
| Q1 24 | — | $-0.25 |
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 | $447.0M |
| Total DebtLower is stronger | — | $2.4B |
| Stockholders' EquityBook value | $7.3B | $4.3B |
| Total Assets | $8.7B | $17.1B |
| Debt / EquityLower = less leverage | — | 0.56× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.5B | $447.0M | ||
| Q3 25 | — | $829.0M | ||
| Q2 25 | $2.1B | $932.0M | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $1.5B | $315.0M | ||
| Q3 24 | — | $646.0M | ||
| Q2 24 | $1.4B | $876.0M | ||
| Q1 24 | — | $1.0B |
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $3.0B | ||
| Q2 24 | $11.0M | $3.0B | ||
| Q1 24 | — | $3.0B |
| Q4 25 | $7.3B | $4.3B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | $6.1B | $4.5B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | $5.5B | $4.1B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | $4.3B | $4.2B | ||
| Q1 24 | — | $4.1B |
| Q4 25 | $8.7B | $17.1B | ||
| Q3 25 | — | $15.6B | ||
| Q2 25 | $7.2B | $16.1B | ||
| Q1 25 | — | $16.4B | ||
| Q4 24 | $6.2B | $17.3B | ||
| Q3 24 | — | $15.8B | ||
| Q2 24 | $4.8B | $16.4B | ||
| Q1 24 | — | $16.2B |
| Q4 25 | — | 0.56× | ||
| Q3 25 | — | 0.55× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.61× | ||
| Q4 24 | — | 0.67× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | 0.00× | 0.72× | ||
| Q1 24 | — | 0.72× |
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 | $-8.0M |
| Free Cash FlowOCF − Capex | $322.4M | $-101.0M |
| FCF MarginFCF / Revenue | 13.0% | -2.1% |
| Capex IntensityCapex / Revenue | 0.0% | 2.0% |
| Cash ConversionOCF / Net Profit | 0.37× | -0.73× |
| TTM Free Cash FlowTrailing 4 quarters | $594.5M | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $323.3M | $-8.0M | ||
| Q3 25 | — | $319.0M | ||
| Q2 25 | $361.8M | $-64.0M | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $41.9M | $-167.0M | ||
| Q3 24 | — | $8.0M | ||
| Q2 24 | $-124.7M | $129.0M | ||
| Q1 24 | — | $1.1B |
| Q4 25 | $322.4M | $-101.0M | ||
| Q3 25 | — | $240.0M | ||
| Q2 25 | $356.6M | $-164.0M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $40.9M | $-295.0M | ||
| Q3 24 | — | $-109.0M | ||
| Q2 24 | $-125.5M | $-25.0M | ||
| Q1 24 | — | $1.0B |
| Q4 25 | 13.0% | -2.1% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | 20.1% | -3.6% | ||
| Q1 25 | — | 15.3% | ||
| Q4 24 | 3.0% | -6.2% | ||
| Q3 24 | — | -2.2% | ||
| Q2 24 | -13.9% | -0.5% | ||
| Q1 24 | — | 12.3% |
| Q4 25 | 0.0% | 2.0% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | 0.3% | 2.2% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | 0.1% | 2.7% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | 0.1% | 3.2% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | 0.37× | -0.73× | ||
| Q3 25 | — | 3.67× | ||
| Q2 25 | 0.87× | -1.68× | ||
| Q1 25 | — | 3.82× | ||
| Q4 24 | 0.05× | -5.96× | ||
| Q3 24 | — | 0.05× | ||
| Q2 24 | — | 2.08× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARGX
Segment breakdown not available.
M
| Womens Accessories Shoes Cosmetics And Fragrances | $1.9B | 41% |
| Womens Apparel | $1.1B | 23% |
| Mens And Kids | $1.0B | 22% |
| Home Other | $638.0M | 14% |
| Credit Card Revenues Net | $158.0M | 3% |
| Macys Media Network Revenue Net | $42.0M | 1% |
