ARGX

argenx
D

ARGX

Arincen71/100B

If you had invested in argenx ago, it would be worth $40,635 today, against $3,367 in SPY and $4,751 in QQQ.

ArincenArincen ScoreBeta

71/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation6.7

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders—

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

argenx key facts

Style
Growth stock · 10.0/10Growth 10.0 · Value 1.3
Day range
962.20 – 975.84
52-week range
661.85 – 1,072.75
Market capitalization
60.46B USD
P/E
45.13
PEG ratio
1.55
EPS
21.56
EPS growth forecast (FY2026)
+254.5%
Volume
1,792
Beta
-0.02
ESG score
74.6/100Environment 69 · Social 73 · Governance 82
Sector
Healthcare
Industry
Biotechnology
CEO
Karen Massey
Employees
2K
Website
argenx.com
IPO date
18 May 2017

argenx earnings

Next earnings · H2 FY2026
EPS estimate
7.57 USD
Revenue estimate
3.35B USD
Last quarter · H1 FY2026
EPS7.80Beat +4.8%Revenue2.82BBeat +69.6%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
H2 FY20267.57——+46.14%3.35B——+253.28%
H1 FY20267.447.80+4.84%+202.33%1.66B2.82B+69.62%+391.21%
H1 FY20265.165.90+14.34%+128.68%1.45B3.21B+121.78%+459.20%
H2 FY20254.375.18+18.54%+272.66%1.28B947.96M-25.71%+136.40%
H1 FY20252.322.58+11.21%—861.83M573.24M-33.49%+73.82%
H2 FY20240.101.39+1,290.00%—665.08M401.00M-39.71%-21.51%
H1 FY2024-0.71-1.04-46.48%—563.91M329.79M-41.52%+5.47%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

argenx analyst forecast

12-month price target
1,133.33 USD
+16.47%

Analysts' 1-year price targets range from 861.00 to 1,400.00, with an average of 1,133.33.

Past year
1-year forecast
Strong sellStrong buy
Strong buy
18 ratings
Buy
16
Hold
2
Sell
0

12-month price target

Highest target1,400.00
Average target1,133.33
Lowest target861.00
Current price973.07

argenx valuation

Price to earnings ratio (TTM)
45.13
Forward P/E (FY2026)
35.37
Price to sales (TTM)
13.33
Price to book
7.18
EV / EBITDA (TTM)
39.43

Capital structure

Market capitalization
60.46B USD
+
Total debt
47.00M USD
−
Cash and short-term investments
5.18B USD
=
Enterprise value
55.32B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)20.61————
FY2027 (est.)25.9820.61———
FY2026 (est.)35.3725.98———
Now (TTM)45.1326.9213.337.1839.43
FY202539.7830.6012.417.0436.72
FY202444.18225.3416.816.70336.12
FY2023-73.73225.3417.745.31-102.56
FY2022-29.03—50.167.32-31.81
FY2021-43.83—16.607.06-42.17

argenx against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Revolution Medicines, Regeneron Pharmaceuticals, Moderna, United Therapeutics, Incyte, and Insmed, the US Biotechnology companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • Gross marginBelow its median89.1%
    46.1%92.8%
    Against its peers: 3 of 7Peers' median 86.6%
  • Operating marginHighest in 5 years25.4%
    -175.4%25.4%
    Against its peers: 3 of 7Peers' median -66.6%
  • Net marginAbove its median31.1%
    -172.8%38.0%
    Against its peers: 3 of 7Peers' median -60.1%
  • Return on equityHighest in 5 years17.6%
    -25.2%17.6%
    Against its peers: 3 of 7Peers' median -4.7%
  • Free cash flow marginHighest in 5 years20.3%
    -235.3%20.3%
    Against its peers: 4 of 7Peers' median -39.9%
  • Revenue growthAt its median89.6%
    -61.9%2,513.3%
    Against its peers: 1 of 7Peers' median 5.8%
  • Current ratioLowest in 5 years5.23
    5.239.75
    Against its peers: 3 of 7Peers' median 3.98

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

argenx growth and profitability

Revenue (TTM)
4.54B USD
Net income (TTM)
1.34B USD
Gross margin
90.21%
Operating margin
29.36%
Net margin
29.64%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20254.15B+89.64%1.29B+55.10%89.15%25.39%31.11%1.31B+1,146.34%
FY20242.19B+78.60%833.04M—89.62%-0.99%38.03%105.17M—
FY20231.23B+198.56%-295.05M—90.39%-34.66%-24.06%-192.29M—
FY2022410.75M-61.89%-709.59M—92.83%-175.37%-172.76%-622.78M—
FY20211.08B+2,513.28%-408.27M—46.14%-32.36%-37.88%-392.78M—

argenx revenue breakdown

By region

FY2025
United States: 85.1%Rest Of The World: 8.3%Japan: 5.0%China: 1.6%85.1%United States8.3%Rest Of The World5.0%Japan1.6%China
RegionRevenueShare of revenueChange on the year
United States3.53B85.1%+237.7%
Rest Of The World342.62M8.3%—
Japan206.84M5.0%+266.5%
China67.92M1.6%+355.6%

How argenx makes its money

Revenue4.15B 100.0%
Cost of revenue450.67M 10.9%
Gross profit3.70B 89.1%
Research and development1.36B 32.8%
Selling and administration1.36B 32.7%
Operating income1.05B 25.4%
Net income1.29B 31.1%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

argenx financial health

Cash and short-term investments
5.18B USD
Total debt
47.00M USD
Net cash
5.14B USD
Free cash flow (TTM)
1.16B USD
Current ratio
5.12
Debt to equity
0.01
Piotroski score
4 / 9
Altman Z-score
20.19

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20254.44B83.49M844.30M
FY20243.38B39.05M-151.05M
FY20233.18B20.00M-464.14M
FY20222.19B12.43M-966.63M
FY20212.34B11.47M-728.25M

argenx ownership

Institutions
46.00%
Institutional holders
528 (+29)
Free float
95.42%

Who owns the shares

Institutions 46.0% Others 54.0%
As of 30 Jun 2026

Shares free to trade

Free float 59.28M shares ·95.4% Closely held 2.85M shares ·4.6%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY202561.30M66.03M+1.31%
FY202459.86M65.18M+14.01%
FY202357.17M57.17M+5.13%
FY202254.38M54.38M+6.47%
FY202151.08M51.08M+12.48%

Source: Financial Modeling Prep

Related Instruments

Title: argenx SE

Sector: Healthcare
Industry: Biotechnology
Argenx is a Dutch biopharmaceutical company focused on developing antibody-based therapies for rare autoimmune diseases. The company's lead product, Vyvgart (efgartigimod), was approved by the FDA in December 2021 for the treatment of generalized myasthenia gravis (gMG). In 2022, Argenx also received FDA approval for Vyvgart Hytrulo, a subcutaneous formulation of Vyvgart, offering a more convenient option compared with Vyvgart's intravenous administration. In 2024, the FDA approved Vyvgart Hytrulo for Chronic Inflammatory Demyelinating Polyneuropathy, a rare immune-mediated neuromuscular disorder of the peripheral nervous system. Argenx is focused on innovation and developing its pipeline for treatments such as primary immune thrombocytopenia, thyroid eye disease, and Sjogren's Disease.

Common questions about argenx stock