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Side-by-side financial comparison of ARGENX SE (ARGX) and OPEN TEXT CORP (OTEX). Click either name above to swap in a different company.
ARGENX SE is the larger business by last-quarter revenue ($2.5B vs $1.3B, roughly 1.9× OPEN TEXT CORP). ARGENX SE runs the higher net margin — 35.5% vs 12.7%, a 22.8% 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 $279.4M).
AbbVie Inc. is an American pharmaceutical company headquartered in North Chicago, Illinois. They have produced drugs to treat a wide range of medical issues.
Open Text Corporation is a global software company that develops and sells information management software.
ARGX vs OTEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $1.3B |
| Net Profit | $877.2M | $168.1M |
| Gross Margin | 89.5% | 74.0% |
| Operating Margin | 28.9% | 22.0% |
| Net Margin | 35.5% | 12.7% |
| Revenue YoY | 83.2% | -0.6% |
| Net Profit YoY | 1.3% | -26.9% |
| EPS (diluted) | $13.25 | $0.66 |
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 | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $1.8B | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | $901.9M | $1.4B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | $877.2M | $168.1M | ||
| Q3 25 | — | $146.6M | ||
| Q2 25 | $414.8M | $28.8M | ||
| Q1 25 | — | $92.8M | ||
| Q4 24 | $865.6M | $229.9M | ||
| Q3 24 | — | $84.4M | ||
| Q2 24 | $-32.5M | $248.2M | ||
| Q1 24 | — | $98.3M |
| Q4 25 | 89.5% | 74.0% | ||
| Q3 25 | — | 72.8% | ||
| Q2 25 | 89.2% | 72.3% | ||
| Q1 25 | — | 71.6% | ||
| Q4 24 | 90.2% | 73.3% | ||
| Q3 24 | — | 71.7% | ||
| Q2 24 | 89.4% | 72.5% | ||
| Q1 24 | — | 73.0% |
| Q4 25 | 28.9% | 22.0% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | 19.2% | 13.9% | ||
| Q1 25 | — | 16.7% | ||
| Q4 24 | 8.7% | 22.2% | ||
| Q3 24 | — | 16.3% | ||
| Q2 24 | -15.4% | 14.2% | ||
| Q1 24 | — | 15.7% |
| Q4 25 | 35.5% | 12.7% | ||
| Q3 25 | — | 11.4% | ||
| Q2 25 | 23.4% | 2.2% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | 64.1% | 17.2% | ||
| Q3 24 | — | 6.6% | ||
| Q2 24 | -3.6% | 18.2% | ||
| Q1 24 | — | 6.8% |
| Q4 25 | $13.25 | $0.66 | ||
| Q3 25 | — | $0.58 | ||
| Q2 25 | $6.32 | $0.11 | ||
| Q1 25 | — | $0.35 | ||
| Q4 24 | $13.33 | $0.87 | ||
| Q3 24 | — | $0.32 | ||
| Q2 24 | $-0.55 | $0.91 | ||
| Q1 24 | — | $0.36 |
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 | $1.3B |
| Total DebtLower is stronger | — | $6.4B |
| Stockholders' EquityBook value | $7.3B | $4.0B |
| Total Assets | $8.7B | $13.6B |
| Debt / EquityLower = less leverage | — | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.5B | $1.3B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $1.5B | $1.1B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | — | $6.4B | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.4B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | $11.0M | $6.4B | ||
| Q1 24 | — | $8.4B |
| Q4 25 | $7.3B | $4.0B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | $6.1B | $3.9B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | $5.5B | $4.2B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | $4.3B | $4.2B | ||
| Q1 24 | — | $4.1B |
| Q4 25 | $8.7B | $13.6B | ||
| Q3 25 | — | $13.5B | ||
| Q2 25 | $7.2B | $13.8B | ||
| Q1 25 | — | $13.8B | ||
| Q4 24 | $6.2B | $13.7B | ||
| Q3 24 | — | $13.8B | ||
| Q2 24 | $4.8B | $14.2B | ||
| Q1 24 | — | $16.4B |
| Q4 25 | — | 1.58× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | — | 1.55× | ||
| Q2 24 | 0.00× | 1.52× | ||
| Q1 24 | — | 2.02× |
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 | $318.7M |
| Free Cash FlowOCF − Capex | $322.4M | $279.4M |
| FCF MarginFCF / Revenue | 13.0% | 21.1% |
| Capex IntensityCapex / Revenue | 0.0% | 3.0% |
| Cash ConversionOCF / Net Profit | 0.37× | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | $594.5M | $878.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $323.3M | $318.7M | ||
| Q3 25 | — | $147.8M | ||
| Q2 25 | $361.8M | $158.2M | ||
| Q1 25 | — | $402.2M | ||
| Q4 24 | $41.9M | $348.0M | ||
| Q3 24 | — | $-77.8M | ||
| Q2 24 | $-124.7M | $185.2M | ||
| Q1 24 | — | $384.7M |
| Q4 25 | $322.4M | $279.4M | ||
| Q3 25 | — | $101.2M | ||
| Q2 25 | $356.6M | $124.0M | ||
| Q1 25 | — | $373.8M | ||
| Q4 24 | $40.9M | $306.7M | ||
| Q3 24 | — | $-117.1M | ||
| Q2 24 | $-125.5M | $145.2M | ||
| Q1 24 | — | $348.2M |
| Q4 25 | 13.0% | 21.1% | ||
| Q3 25 | — | 7.9% | ||
| Q2 25 | 20.1% | 9.5% | ||
| Q1 25 | — | 29.8% | ||
| Q4 24 | 3.0% | 23.0% | ||
| Q3 24 | — | -9.2% | ||
| Q2 24 | -13.9% | 10.7% | ||
| Q1 24 | — | 24.1% |
| Q4 25 | 0.0% | 3.0% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | 0.3% | 2.6% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | 0.1% | 3.1% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | 0.1% | 2.9% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | 0.37× | 1.90× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | 0.87× | 5.49× | ||
| Q1 25 | — | 4.33× | ||
| Q4 24 | 0.05× | 1.51× | ||
| Q3 24 | — | -0.92× | ||
| Q2 24 | — | 0.75× | ||
| Q1 24 | — | 3.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARGX
Segment breakdown not available.
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
