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Side-by-side financial comparison of ARGENX SE (ARGX) and RXO, Inc. (RXO). Click either name above to swap in a different company.
ARGENX SE is the larger business by last-quarter revenue ($2.5B vs $1.5B, roughly 1.7× RXO, Inc.). ARGENX SE runs the higher net margin — 35.5% vs -3.1%, a 38.6% gap on every dollar of revenue. On growth, ARGENX SE posted the faster year-over-year revenue change (83.2% vs -11.9%). ARGENX SE produced more free cash flow last quarter ($322.4M vs $-9.0M).
AbbVie Inc. is an American pharmaceutical company headquartered in North Chicago, Illinois. They have produced drugs to treat a wide range of medical issues.
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
ARGX vs RXO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $1.5B |
| Net Profit | $877.2M | $-46.0M |
| Gross Margin | 89.5% | — |
| Operating Margin | 28.9% | -2.9% |
| Net Margin | 35.5% | -3.1% |
| Revenue YoY | 83.2% | -11.9% |
| Net Profit YoY | 1.3% | -84.0% |
| EPS (diluted) | $13.25 | $-0.28 |
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 | $1.5B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | $901.9M | $930.0M | ||
| Q1 24 | — | $913.0M |
| Q4 25 | $877.2M | $-46.0M | ||
| Q3 25 | — | $-14.0M | ||
| Q2 25 | $414.8M | $-9.0M | ||
| Q1 25 | — | $-31.0M | ||
| Q4 24 | $865.6M | $-25.0M | ||
| Q3 24 | — | $-243.0M | ||
| Q2 24 | $-32.5M | $-7.0M | ||
| Q1 24 | — | $-15.0M |
| Q4 25 | 89.5% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 89.2% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 90.2% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 89.4% | — | ||
| Q1 24 | — | — |
| Q4 25 | 28.9% | -2.9% | ||
| Q3 25 | — | -0.5% | ||
| Q2 25 | 19.2% | — | ||
| Q1 25 | — | -2.1% | ||
| Q4 24 | 8.7% | -1.4% | ||
| Q3 24 | — | -1.9% | ||
| Q2 24 | -15.4% | — | ||
| Q1 24 | — | -1.3% |
| Q4 25 | 35.5% | -3.1% | ||
| Q3 25 | — | -1.0% | ||
| Q2 25 | 23.4% | -0.6% | ||
| Q1 25 | — | -2.2% | ||
| Q4 24 | 64.1% | -1.5% | ||
| Q3 24 | — | -23.4% | ||
| Q2 24 | -3.6% | -0.8% | ||
| Q1 24 | — | -1.6% |
| Q4 25 | $13.25 | $-0.28 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | $6.32 | $-0.05 | ||
| Q1 25 | — | $-0.18 | ||
| Q4 24 | $13.33 | $-0.17 | ||
| Q3 24 | — | $-1.81 | ||
| Q2 24 | $-0.55 | $-0.06 | ||
| Q1 24 | — | $-0.13 |
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 | $17.0M |
| Total DebtLower is stronger | — | $387.0M |
| Stockholders' EquityBook value | $7.3B | $1.5B |
| Total Assets | $8.7B | $3.3B |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.5B | $17.0M | ||
| Q3 25 | — | $25.0M | ||
| Q2 25 | $2.1B | $18.0M | ||
| Q1 25 | — | $16.0M | ||
| Q4 24 | $1.5B | $35.0M | ||
| Q3 24 | — | $55.0M | ||
| Q2 24 | $1.4B | $7.0M | ||
| Q1 24 | — | $7.0M |
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | $11.0M | $370.0M | ||
| Q1 24 | — | $351.0M |
| Q4 25 | $7.3B | $1.5B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | $6.1B | $1.6B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $5.5B | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | $4.3B | $579.0M | ||
| Q1 24 | — | $582.0M |
| Q4 25 | $8.7B | $3.3B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | $7.2B | $3.2B | ||
| Q1 25 | — | $3.3B | ||
| Q4 24 | $6.2B | $3.4B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | $4.8B | $1.8B | ||
| Q1 24 | — | $1.8B |
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | 0.00× | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $7.0M |
| Free Cash FlowOCF − Capex | $322.4M | $-9.0M |
| FCF MarginFCF / Revenue | 13.0% | -0.6% |
| Capex IntensityCapex / Revenue | 0.0% | 1.1% |
| Cash ConversionOCF / Net Profit | 0.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | $594.5M | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $323.3M | $7.0M | ||
| Q3 25 | — | $23.0M | ||
| Q2 25 | $361.8M | $23.0M | ||
| Q1 25 | — | $-2.0M | ||
| Q4 24 | $41.9M | $-7.0M | ||
| Q3 24 | — | $-7.0M | ||
| Q2 24 | $-124.7M | $-5.0M | ||
| Q1 24 | — | $7.0M |
| Q4 25 | $322.4M | $-9.0M | ||
| Q3 25 | — | $9.0M | ||
| Q2 25 | $356.6M | $9.0M | ||
| Q1 25 | — | $-17.0M | ||
| Q4 24 | $40.9M | $-19.0M | ||
| Q3 24 | — | $-18.0M | ||
| Q2 24 | $-125.5M | $-16.0M | ||
| Q1 24 | — | $-4.0M |
| Q4 25 | 13.0% | -0.6% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | 20.1% | 0.6% | ||
| Q1 25 | — | -1.2% | ||
| Q4 24 | 3.0% | -1.1% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | -13.9% | -1.7% | ||
| Q1 24 | — | -0.4% |
| Q4 25 | 0.0% | 1.1% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | 0.3% | 1.0% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | 0.1% | 0.7% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | 0.1% | 1.2% | ||
| Q1 24 | — | 1.2% |
| 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.
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
