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ARGXargenx SE
$919.94$56.9B
Overview & Verdict
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ARGX logoargenx SE(ARGX)Earnings, Financials & Key Ratios

ARGX•NASDAQ
$919.94
46.9× P/E·Price updated Jul 7, 2026
SectorHealthcareIndustryBiotechnologySub-IndustryImmunology and Inflammation Therapies
Aboutargenx SE, a biotechnology company, engages in the developing of various therapies for the treatment of autoimmune diseases in the United States, Japan, Europe, Middle East, Africa, and China. Its lead product candidate is efgartigimod for the treatment of patients with myasthenia gravis, immune thrombocytopenia, pemphigus vulgaris, generalized myasthenia gravis, chronic inflammatory demyelinating polyneuropathy, thyroid eye disease, bullous pemphigoid, myositis, primary sjögren's syndrome, post-covid postural orthostatic tachycardia syndrome, membranous nephropathy, lupus nephropathy, anca-associated vasculitis, and antibody mediated rejection; ENHANZE SC; Empasiprubart for multifocal motor neuropath, delayed graft function, and dermatomyositis; and ARGX-119 for congenital myasthenic syndrome and amyotrophic lateral sclerosis. The company is developing ARGX-213 targets FcRn; ARGX-121 and ARGX-220 targets immune system; ARGX-109 targets IL-6; ARGX-118 for inflammation; and ARGX-109, as well as cusatuzumab, ARGX-112, ARGX-114, and ARGX-115. It owns VYVGART; VYVGART HYTRULO; VYVDURA; ARGENX; ABDEG; NHANCE; SIMPLE ANTIBODY; and ARGENXMEDHUB. The company has strategic partnership with AbbVie S.À.R.L., Zai Lab Limited, and LEO Pharma A/S; and collaboration and license agreement with Genor Biopharma Co. Ltd, Université Catholique de Louvain, Sopartec S.A., NYU Langone Health, Leiden University Medical Center, AgomAb Therapeutics NV, Broteio Pharma B.V., VIB vzw, University of Texas, BioWa, Inc., and Shire International GmbH. It has collaboration agreement with Genmab A/S to discover, develop, and commercialize novel therapeutic antibodies with applications in immunology and oncology, as well as a strategic collaboration with IQVIA Holdings Inc. to provide safety systems and services. argenx SE was incorporated in 2008 and is based in Amsterdam, the Netherlands.Show more
  • Revenue$4.15B+89.6%
  • EBITDA$1.08B+26335.0%
  • Net Income$1.29B+55.1%
  • EPS (Diluted)19.63+53.6%
  • Gross Margin89.15%-0.5%
  • EBITDA Margin26.07%+13936.4%
  • Operating Margin25.39%+2668.1%
  • Net Margin31.11%-18.2%
  • ROE20.15%+16.1%

ARGX Price & Volume

argenx SE (ARGX) stock price & volume — 10-year historical chart

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Commercial Maturity Drives Margin Expansion Amid Volatility

Investment Thesis • Updated 2025Q4

VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Fortress
Cash Flow:Improving
Primary Risk:Clinical indication expansion failure

Key Thesis Takeaways

  • argenx has successfully transitioned from a capital-intensive R&D entity to a commercial-stage powerhouse, evidenced by its 30.4% operating margin in 2025Q4.
  • While the company's $8.7 billion asset base and $3.5 billion cash position provide a robust foundation for its pipeline-in-a-product strategy, investors should monitor the 3.6% revenue contraction in 2025Q4 as a sign of potential commercial stabilization.
  • Future performance remains contingent on managing working capital headwinds, which caused a $292.3 million cash outflow in the most recent quarter, and mitigating risks associated with $272.1 million in goodwill.

Verdict Logic

while the company has achieved a positive net income of $366 million, the current P/E of 45.20 and recent revenue contraction suggest that the stock may be fully valued relative to its near-term growth trajectory.

ARGX Growth Metrics

argenx SE (ARGX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years88.09%
5 Years151.54%
3 Years116.24%
TTM174.01%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM253.62%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM279.75%

Return on Capital

10 Years-15.38%
5 Years-7.72%
3 Years1.23%
Last Year16.36%

ARGX Recent Earnings

argenx SE (ARGX) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (71%)●Beat Revenue 5/12 qtrs (83%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$5.90-5.9%
$6.27
Rev
$3.2B+118.3%
$1.5B
Q1 2026
Feb 26, 2026
Metric
Actual
Est
EPS
$8.02+48.2%
$5.41
Rev
$2.4B+79.6%
$1.3B
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$5.18+18.5%
$4.37
Rev
$948M-25.7%
$1.3B
Q2 2025
May 8, 2025
Metric
Actual
Est
EPS
$2.58+163.3%
$0.98
Rev
$1.3B+56.2%
$862M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$5.90vs $6.27-5.9%
$3.2Bvs $1.5B+118.3%
Q1 2026Feb 26, 2026
$8.02vs $5.41+48.2%
$2.4Bvs $1.3B+79.6%
Q4 2025Oct 30, 2025
$5.18vs $4.37+18.5%
$948Mvs $1.3B-25.7%
Q2 2025May 8, 2025
$2.58vs $0.98+163.3%
$1.3Bvs $862M+56.2%
Based on last 12 quarters of dataView full earnings history →

Latest ARGX News

Recent stock market news and headlines for argenx SE (ARGX)

247 Wallst·6 days ago
Live Nasdaq Composite: Markets Kick Off H2 2026 on Cautious Note amid Chip Stock Profit Taking

Live Updates Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now. Wells Fargo's Q3 Outlook 51 minutes ago Live Wells Fargo is betting on a strong summer for stocks, telling clients the Q3 sets up nicely for a rally before midterm election... Live Nasdaq Composite: Markets Kick Off H2 2026 on Cautious Note amid Chip Stock Profit Taking

Benzinga·Jun 25, 2026
Argenx Analyst Is Bullish Despite Changes To Phase 3 Myositis Study

Argenx SE (NASDAQ:ARGX) stock has faced pressure after the company disclosed changes to the analysis plan for its ongoing Phase 3 Vyvgart study in myositis.

Investors Business Daily·Jun 24, 2026
Can Argenx Retake Its Record High — And A Buy Point — On A New Vyvgart Strategy?

Argenx stock reversed course Wednesday, bumping above its 21-day line, as investors digested its myositis-focused R&D Day.

Seeking Alpha·Jun 24, 2026
argenx SE (ARGX) Discusses R&D Spotlight on Advancing FcRn Leadership in Autoimmune Myositis Transcript

argenx SE (ARGX) Discusses R&D Spotlight on Advancing FcRn Leadership in Autoimmune Myositis Transcript

Peers Comparison

Key metrics vs top competitors for argenx SE (ARGX)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
ARGX logoARGXargenx SECurrent
$919.94$56.93B46.8689.64%31.11%20.15%—
RARE logoRAREUltragenyx Pharmaceutical Inc.
$35.87$3.53B-6.1520.13%-91.03%——
ALNY logoALNYAlnylam Pharmaceuticals, Inc.
$321.59$42.91B138.0265.19%13.46%98.29%—
SRPT logoSRPTSarepta Therapeutics, Inc.
$19.79$2.09B-2.7815.58%2.98%4.89%—
BMRN logoBMRNBioMarin Pharmaceutical Inc.
$60.35$11.61B33.5312.87%8.29%4.41%—
IONS logoIONSIonis Pharmaceuticals, Inc.
$86.33$14.27B-36.2733.87%-30.87%-58.57%—

Compare ARGX vs Peers

argenx SE (ARGX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs RARE

Most directly comparable listed peer for ARGX.

Scale Benchmark

vs JNJ

Larger-name benchmark to compare ARGX against a more recognizable public peer.

Peer Set

Compare Top 5

vs RARE, ALNY, SRPT, BMRN

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ARGX Frequently Asked Questions

argenx SE (ARGX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is argenx SE's revenue?

argenx SE (ARGX) reported $4.49B in revenue for fiscal year 2025. This represents a 308142% increase from $1.5M in 2011.

How fast is argenx SE growing?

argenx SE (ARGX) grew revenue by 89.6% over the past year. This is strong growth.

Is ARGX profitable?

Yes, argenx SE (ARGX) is profitable, generating $1.44B in net income for fiscal year 2025 (31.1% net margin).

Dividend & Returns
What is ARGX's return on equity?

argenx SE (ARGX) has a return on equity (ROE) of 20.2%. This is excellent, indicating efficient use of shareholder capital.

What is argenx SE's free cash flow?

argenx SE (ARGX) generated $755.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in ARGX back in 2011?

Total return calculator · dividends reinvested · 15+ years of data

See returns →