AMGN vs ARGX
Amgen Inc. and Argenx SE, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | AMGN | ARGX |
|---|---|---|
| Revenue | $36.8B | $4.2B |
| Net income | $7.7B | $1.3B |
| Gross margin | 67.2% | 89.1% |
| Net margin | 21.0% | 31.1% |
| Return on equity | 106.1% | 20.2% |
| Diluted EPS | $14.23 | $19.57 |
| Dividend / share | $9.66 | · |
| Payout ratio | 66.5% | · |
| Free cash flow | $8.1B | $679.0M |
| Equity | $8.7B | · |
| Net debt / equity | 5.25× | · |
| Current ratio | 1.14× | 5.23× |
| Revenue CAGR 5y | 7.6% | 151.5% |
| Profit CAGR 5y | 1.2% | · |
AMGN bills 8.9× the revenue of ARGX, and ARGX keeps more of each dollar of revenue as profit (31.1% against 21.0%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | AMGN | ARGX |
|---|---|---|
| FY2025 | $36.8B | $4.2B |
| FY2024 | $33.4B | $2.2B |
| FY2023 | $28.2B | $1.2B |
| FY2022 | $26.3B | $400.7M |
| FY2021 | $26.0B | $497.3M |
| FY2020 | $25.4B | $41.2M |
| FY2019 | $23.4B | $78.5M |
| FY2018 | $23.7B | · |
| FY2017 | $22.8B | · |
| FY2016 | $23.0B | · |
Bottom line
| Fiscal year | AMGN | ARGX |
|---|---|---|
| FY2025 | $7.7B | $1.3B |
| FY2024 | $4.1B | $833.0M |
| FY2023 | $6.7B | $-295.1M |
| FY2022 | $6.6B | $-709.6M |
| FY2021 | $5.9B | $-408.3M |
| FY2020 | $7.3B | $-608.5M |
| FY2019 | $7.8B | $-181.2M |
| FY2018 | $8.4B | · |
| FY2017 | $2.0B | · |
| FY2016 | $7.7B | · |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$32,599,684,000 | AMGN |
| FY2024 | +$31,238,117,000 | AMGN |
| FY2023 | +$26,999,217,000 | AMGN |
| FY2022 | +$25,922,280,000 | AMGN |
| FY2021 | +$25,481,723,000 | AMGN |
| FY2020 | +$25,382,757,000 | AMGN |
| FY2019 | +$23,283,538,000 | AMGN |
AMGN has reported the higher revenue in every one of these 7 fiscal years. The gap has widened since the earliest year compared.
7 of 19 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −10.1 pp | ARGX |
| FY2024 | −25.9 pp | ARGX |
| FY2023 | +48.6 pp | AMGN |
| FY2022 | +202.0 pp | AMGN |
| FY2021 | +104.8 pp | AMGN |
| FY2019 | +264.5 pp | AMGN |
| FY2018 | +345.6 pp | AMGN |
| FY2017 | +85.8 pp | AMGN |
| FY2016 | +178.9 pp | AMGN |
| FY2015 | +255.4 pp | AMGN |
The higher net margin has changed hands between AMGN and ARGX over this period.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
ARGX's net margin has been more volatile than AMGN's over the 10 comparable fiscal years — 111.0 percentage points of standard deviation against 8.7.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between AMGN and ARGX over these 10 fiscal years — AMGN led in 8 and ARGX in 2.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
AMGN's return on equity has been more volatile than ARGX's over the 11 comparable fiscal years — 39.7 percentage points of standard deviation against 20.5.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
AMGN led in return on equity in every one of the 11 comparable fiscal years — a structural lead, not a recent swing.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.