ARGX vs EXEL
Argenx SE and Exelixis, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ARGX | EXEL |
|---|---|---|
| Revenue | $4.2B | $2.3B |
| Net income | $1.3B | $782.6M |
| Gross margin | 89.1% | 96.4% |
| Net margin | 31.1% | 33.7% |
| Return on equity | 20.2% | 35.5% |
| Diluted EPS | $19.57 | $2.78 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $679.0M | $875.8M |
| Equity | · | $2.2B |
| Net debt / equity | · | · |
| Current ratio | 5.23× | 3.56× |
| Revenue CAGR 5y | 151.5% | 18.6% |
| Profit CAGR 5y | · | 47.6% |
ARGX bills 1.8× the revenue of EXEL, and EXEL keeps more of each dollar of revenue as profit (33.7% against 31.1%).
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 | ARGX | EXEL |
|---|---|---|
| FY2025 | $4.2B | $2.3B |
| FY2024 | $2.2B | $2.2B |
| FY2023 | $1.2B | $1.8B |
| FY2022 | $400.7M | $1.6B |
| FY2021 | $497.3M | $1.4B |
| FY2020 | $41.2M | $987.5M |
| FY2019 | $78.5M | $967.8M |
| FY2018 | · | $853.8M |
| FY2017 | · | $452.5M |
| FY2016 | · | $191.5M |
Bottom line
| Fiscal year | ARGX | EXEL |
|---|---|---|
| FY2025 | $1.3B | $782.6M |
| FY2024 | $833.0M | $521.3M |
| FY2023 | $-295.1M | $207.8M |
| FY2022 | $-709.6M | $182.3M |
| FY2021 | $-408.3M | $231.1M |
| FY2020 | $-608.5M | $111.8M |
| FY2019 | $-181.2M | $321.0M |
| FY2018 | · | $690.1M |
| FY2017 | · | $154.2M |
| FY2016 | · | $-70.2M |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$1,831,190,000 | ARGX |
| FY2024 | +$17,182,000 | ARGX |
| FY2023 | −$639,425,000 | EXEL |
| FY2022 | −$1,210,342,000 | EXEL |
| FY2021 | −$937,693,000 | EXEL |
| FY2020 | −$946,295,000 | EXEL |
| FY2019 | −$889,313,000 | EXEL |
The higher-revenue side has changed between ARGX and EXEL over this period. The gap has widened since the earliest year compared.
7 of 17 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −2.6 pp | EXEL |
| FY2024 | +14.1 pp | ARGX |
| FY2023 | −36.1 pp | EXEL |
| FY2022 | −188.4 pp | EXEL |
| FY2021 | −98.2 pp | EXEL |
| FY2019 | −264.1 pp | EXEL |
| FY2018 | −391.0 pp | EXEL |
| FY2017 | −111.2 pp | EXEL |
| FY2016 | −108.6 pp | EXEL |
| FY2015 | +211.7 pp | ARGX |
The higher net margin has changed hands between ARGX and EXEL over this period.
10 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
EXEL's net margin has been more volatile than ARGX's over the 10 comparable fiscal years — 140.2 percentage points of standard deviation against 111.0.
10 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between ARGX and EXEL over these 10 fiscal years — ARGX led in 2 and EXEL in 8.
10 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
EXEL's return on equity has been more volatile than ARGX's over the 9 comparable fiscal years — 29.9 percentage points of standard deviation against 18.8.
9 of 13 comparable fiscal years — a year missing data on either side is not counted.
Year by year
EXEL led in return on equity in every one of the 9 comparable fiscal years — a structural lead, not a recent swing.
9 of 13 comparable fiscal years — a year missing data on either side is not counted.