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Side-by-side financial comparison of ARGENX SE (ARGX) and Tapestry, Inc. (TPR). Click either name above to swap in a different company.
Tapestry, Inc. is the larger business by last-quarter revenue ($2.5B vs $2.5B, roughly 1.0× ARGENX SE). ARGENX SE runs the higher net margin — 35.5% vs 22.4%, a 13.0% gap on every dollar of revenue. On growth, ARGENX SE posted the faster year-over-year revenue change (83.2% vs 14.0%). Tapestry, Inc. produced more free cash flow last quarter ($1.0B vs $322.4M).
AbbVie Inc. is an American pharmaceutical company headquartered in North Chicago, Illinois. They have produced drugs to treat a wide range of medical issues.
Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.
ARGX vs TPR — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $2.5B |
| Net Profit | $877.2M | $561.3M |
| Gross Margin | 89.5% | 75.5% |
| Operating Margin | 28.9% | 28.6% |
| Net Margin | 35.5% | 22.4% |
| Revenue YoY | 83.2% | 14.0% |
| Net Profit YoY | 1.3% | 80.8% |
| EPS (diluted) | $13.25 | $2.68 |
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 | $2.5B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | $1.8B | $1.7B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $1.4B | $2.2B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | $901.9M | $1.6B | ||
| Q1 24 | — | $1.5B |
| Q4 25 | $877.2M | $561.3M | ||
| Q3 25 | — | $274.8M | ||
| Q2 25 | $414.8M | $-517.1M | ||
| Q1 25 | — | $203.3M | ||
| Q4 24 | $865.6M | $310.4M | ||
| Q3 24 | — | $186.6M | ||
| Q2 24 | $-32.5M | $159.3M | ||
| Q1 24 | — | $139.4M |
| Q4 25 | 89.5% | 75.5% | ||
| Q3 25 | — | 76.3% | ||
| Q2 25 | 89.2% | 76.3% | ||
| Q1 25 | — | 76.1% | ||
| Q4 24 | 90.2% | 74.4% | ||
| Q3 24 | — | 75.3% | ||
| Q2 24 | 89.4% | 74.9% | ||
| Q1 24 | — | 74.7% |
| Q4 25 | 28.9% | 28.6% | ||
| Q3 25 | — | 19.3% | ||
| Q2 25 | 19.2% | -33.9% | ||
| Q1 25 | — | 16.0% | ||
| Q4 24 | 8.7% | 22.4% | ||
| Q3 24 | — | 16.7% | ||
| Q2 24 | -15.4% | 14.8% | ||
| Q1 24 | — | 13.8% |
| Q4 25 | 35.5% | 22.4% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | 23.4% | -30.0% | ||
| Q1 25 | — | 12.8% | ||
| Q4 24 | 64.1% | 14.1% | ||
| Q3 24 | — | 12.4% | ||
| Q2 24 | -3.6% | 10.0% | ||
| Q1 24 | — | 9.4% |
| Q4 25 | $13.25 | $2.68 | ||
| Q3 25 | — | $1.28 | ||
| Q2 25 | $6.32 | $-2.30 | ||
| Q1 25 | — | $0.95 | ||
| Q4 24 | $13.33 | $1.38 | ||
| Q3 24 | — | $0.79 | ||
| Q2 24 | $-0.55 | $0.67 | ||
| Q1 24 | — | $0.60 |
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 | $1.1B |
| Total DebtLower is stronger | — | $2.4B |
| Stockholders' EquityBook value | $7.3B | $551.2M |
| Total Assets | $8.7B | $6.5B |
| Debt / EquityLower = less leverage | — | 4.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.5B | $1.1B | ||
| Q3 25 | — | $743.2M | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | — | $7.3B | ||
| Q2 24 | $1.4B | $7.2B | ||
| Q1 24 | — | $7.4B |
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | $11.0M | $6.9B | ||
| Q1 24 | — | $7.7B |
| Q4 25 | $7.3B | $551.2M | ||
| Q3 25 | — | $399.5M | ||
| Q2 25 | $6.1B | $857.8M | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $5.5B | $1.3B | ||
| Q3 24 | — | $3.0B | ||
| Q2 24 | $4.3B | $2.9B | ||
| Q1 24 | — | $2.8B |
| Q4 25 | $8.7B | $6.5B | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | $7.2B | $6.6B | ||
| Q1 25 | — | $7.3B | ||
| Q4 24 | $6.2B | $7.3B | ||
| Q3 24 | — | $13.7B | ||
| Q2 24 | $4.8B | $13.4B | ||
| Q1 24 | — | $13.7B |
| Q4 25 | — | 4.32× | ||
| Q3 25 | — | 5.95× | ||
| Q2 25 | — | 2.77× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 2.35× | ||
| Q2 24 | 0.00× | 2.39× | ||
| Q1 24 | — | 2.77× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $322.4M | $1.0B |
| FCF MarginFCF / Revenue | 13.0% | 41.5% |
| Capex IntensityCapex / Revenue | 0.0% | 1.7% |
| Cash ConversionOCF / Net Profit | 0.37× | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $594.5M | $1.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $323.3M | $1.1B | ||
| Q3 25 | — | $112.6M | ||
| Q2 25 | $361.8M | $446.8M | ||
| Q1 25 | — | $144.3M | ||
| Q4 24 | $41.9M | $506.0M | ||
| Q3 24 | — | $119.5M | ||
| Q2 24 | $-124.7M | $256.0M | ||
| Q1 24 | — | $97.8M |
| Q4 25 | $322.4M | $1.0B | ||
| Q3 25 | — | $80.2M | ||
| Q2 25 | $356.6M | $411.5M | ||
| Q1 25 | — | $113.4M | ||
| Q4 24 | $40.9M | $475.1M | ||
| Q3 24 | — | $93.9M | ||
| Q2 24 | $-125.5M | $209.8M | ||
| Q1 24 | — | $78.8M |
| Q4 25 | 13.0% | 41.5% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | 20.1% | 23.9% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | 3.0% | 21.6% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | -13.9% | 13.2% | ||
| Q1 24 | — | 5.3% |
| Q4 25 | 0.0% | 1.7% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | 0.3% | 2.0% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | 0.1% | 1.4% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | 0.1% | 2.9% | ||
| Q1 24 | — | 1.3% |
| Q4 25 | 0.37× | 1.93× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | 0.87× | — | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | 0.05× | 1.63× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 1.61× | ||
| Q1 24 | — | 0.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARGX
Segment breakdown not available.
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
