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Side-by-side financial comparison of ARGENX SE (ARGX) and SMITHFIELD FOODS INC (SFD). Click either name above to swap in a different company.

SMITHFIELD FOODS INC is the larger business by last-quarter revenue ($3.8B vs $2.5B, roughly 1.5× ARGENX SE). ARGENX SE runs the higher net margin — 35.5% vs 6.6%, a 28.9% gap on every dollar of revenue. On growth, ARGENX SE posted the faster year-over-year revenue change (83.2% vs 0.8%).

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

Smithfield Foods, Inc., is a Hong Kong-owned pork producer and food-processing company based in Smithfield, Virginia. Founded in 1936 as the Smithfield Packing Company by Joseph W. Luter and his son, the company is the largest pig and pork producer in the world. In addition to owning over 500 farms in the US, Smithfield contracts with another 2,000 independent farms around the country to raise Smithfield's pigs. Outside the US, the company has facilities in Mexico, Poland, Romania, Germany, S...

ARGX vs SFD — Head-to-Head

Bigger by revenue
SFD
SFD
1.5× larger
SFD
$3.8B
$2.5B
ARGX
Growing faster (revenue YoY)
ARGX
ARGX
+82.4% gap
ARGX
83.2%
0.8%
SFD
Higher net margin
ARGX
ARGX
28.9% more per $
ARGX
35.5%
6.6%
SFD

Income Statement — Q4 FY2025 vs Q1 FY2027

Metric
ARGX
ARGX
SFD
SFD
Revenue
$2.5B
$3.8B
Net Profit
$877.2M
$249.0M
Gross Margin
89.5%
13.4%
Operating Margin
28.9%
8.8%
Net Margin
35.5%
6.6%
Revenue YoY
83.2%
0.8%
Net Profit YoY
1.3%
9.8%
EPS (diluted)
$13.25

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
SFD
SFD
Q1 26
$3.8B
Q4 25
$2.5B
$4.2B
Q3 25
$3.7B
Q2 25
$1.8B
$3.8B
Q1 25
$3.8B
Q4 24
$1.4B
$4.0B
Q3 24
$3.3B
Q2 24
$901.9M
Net Profit
ARGX
ARGX
SFD
SFD
Q1 26
$249.0M
Q4 25
$877.2M
$327.0M
Q3 25
$248.0M
Q2 25
$414.8M
$188.0M
Q1 25
$224.0M
Q4 24
$865.6M
$205.0M
Q3 24
$291.0M
Q2 24
$-32.5M
Gross Margin
ARGX
ARGX
SFD
SFD
Q1 26
13.4%
Q4 25
89.5%
14.2%
Q3 25
12.8%
Q2 25
89.2%
13.2%
Q1 25
13.5%
Q4 24
90.2%
13.5%
Q3 24
14.3%
Q2 24
89.4%
Operating Margin
ARGX
ARGX
SFD
SFD
Q1 26
8.8%
Q4 25
28.9%
9.5%
Q3 25
8.3%
Q2 25
19.2%
6.9%
Q1 25
8.5%
Q4 24
8.7%
8.5%
Q3 24
8.5%
Q2 24
-15.4%
Net Margin
ARGX
ARGX
SFD
SFD
Q1 26
6.6%
Q4 25
35.5%
7.7%
Q3 25
6.6%
Q2 25
23.4%
5.0%
Q1 25
5.9%
Q4 24
64.1%
5.2%
Q3 24
8.7%
Q2 24
-3.6%
EPS (diluted)
ARGX
ARGX
SFD
SFD
Q1 26
Q4 25
$13.25
$0.83
Q3 25
$0.63
Q2 25
$6.32
$0.48
Q1 25
$0.57
Q4 24
$13.33
$0.54
Q3 24
$0.77
Q2 24
$-0.55

Balance Sheet & Financial Strength

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

Metric
ARGX
ARGX
SFD
SFD
Cash + ST InvestmentsLiquidity on hand
$3.5B
$1.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$7.3B
$6.9B
Total Assets
$8.7B
$12.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARGX
ARGX
SFD
SFD
Q1 26
$1.4B
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
SFD
SFD
Q1 26
Q4 25
$2.0B
Q3 25
$2.0B
Q2 25
$2.0B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
Q2 24
$11.0M
Stockholders' Equity
ARGX
ARGX
SFD
SFD
Q1 26
$6.9B
Q4 25
$7.3B
$6.8B
Q3 25
$6.5B
Q2 25
$6.1B
$6.3B
Q1 25
$6.2B
Q4 24
$5.5B
$5.8B
Q3 24
Q2 24
$4.3B
Total Assets
ARGX
ARGX
SFD
SFD
Q1 26
$12.0B
Q4 25
$8.7B
$12.2B
Q3 25
$11.5B
Q2 25
$7.2B
$11.2B
Q1 25
$11.1B
Q4 24
$6.2B
$11.1B
Q3 24
Q2 24
$4.8B
Debt / Equity
ARGX
ARGX
SFD
SFD
Q1 26
Q4 25
0.29×
Q3 25
0.31×
Q2 25
0.32×
Q1 25
0.32×
Q4 24
0.34×
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
SFD
SFD
Operating Cash FlowLast quarter
$323.3M
Free Cash FlowOCF − Capex
$322.4M
FCF MarginFCF / Revenue
13.0%
Capex IntensityCapex / Revenue
0.0%
2.3%
Cash ConversionOCF / Net Profit
0.37×
TTM Free Cash FlowTrailing 4 quarters
$594.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARGX
ARGX
SFD
SFD
Q1 26
Q4 25
$323.3M
$938.0M
Q3 25
$13.0M
Q2 25
$361.8M
$274.0M
Q1 25
$-166.0M
Q4 24
$41.9M
Q3 24
Q2 24
$-124.7M
Free Cash Flow
ARGX
ARGX
SFD
SFD
Q1 26
Q4 25
$322.4M
$842.0M
Q3 25
$-75.0M
Q2 25
$356.6M
$196.0M
Q1 25
$-245.0M
Q4 24
$40.9M
Q3 24
Q2 24
$-125.5M
FCF Margin
ARGX
ARGX
SFD
SFD
Q1 26
Q4 25
13.0%
19.9%
Q3 25
-2.0%
Q2 25
20.1%
5.2%
Q1 25
-6.5%
Q4 24
3.0%
Q3 24
Q2 24
-13.9%
Capex Intensity
ARGX
ARGX
SFD
SFD
Q1 26
2.3%
Q4 25
0.0%
2.3%
Q3 25
2.3%
Q2 25
0.3%
2.1%
Q1 25
2.1%
Q4 24
0.1%
2.1%
Q3 24
2.8%
Q2 24
0.1%
Cash Conversion
ARGX
ARGX
SFD
SFD
Q1 26
Q4 25
0.37×
2.87×
Q3 25
0.05×
Q2 25
0.87×
1.46×
Q1 25
-0.74×
Q4 24
0.05×
Q3 24
Q2 24

Financial Flow Comparison

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

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