argenex SE

ARGX Healthcare Biotechnology

argenex SE’s revenue for fiscal 2025 (year ended December 2025) was $4.2 billion, up 88.6% from fiscal 2024.

Revenue
+52.1%
EPS
+43.9%
Free cash flow
+537.5%

Quarter to September 2026, against a year earlier

918.83 24.06 +2.69%
Market cap
$56.3B
P/E
29.8×
Fwd P/E
30.1×
Dividend yield
—
F-score
5/9
Altman Z
24.36
Beneish M
−1.51
Dividend safety
n/a

argenex SE (ARGX) Free cash flow margin

Alert me on Free cash flow margin

argenex SE's free cash flow margin over the twelve months to 30 September 2026 was 0.00%, down 13.5 percentage points from fiscal 2025 (13.5%). Over the past ten years it has ranged from −621.8% (fiscal 2020) to 112.4% (fiscal 2019); the current reading is higher than 80% of that period. That is in line with the Biotechnology industry median of 0.00% and in line with the Healthcare sector median of 0.00%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 13.5% 20.21
FY2024 −6.71% 29.88
FY2023 −36.6% 180.50
FY2022 −217.1% (82.08)
FY2021 −135.0% 486.77
FY2020 −621.8% (734.20)
FY2019 112.4% 298.94
FY2018 −186.5% (97.09)
FY2017 −89.4% (146.21)
FY2016 56.8% —

Against its own ten years

Low −621.8% High 112.4%
Ten-year median −63.0%
Current reading's percentile 80

Free cash flow margin against peers

Company Free cash flow margin
RPRX Royalty Pharma PLC compare 113.1%
ONC BeOne Medicines Ltd. - Sponsored ADR compare 21.9%
REGN Regeneron Pharmaceuticals, Inc. compare 21.5%
INCY Incyte Corporation compare 11.3%
ARGX argenex SE 0.00%
MRNA Moderna, Inc. compare −55.8%
GMAB Genmab A/S Sponsored ADR compare −153.6%
RVMD Revolution Medicines, Inc. compare −688.9%
ROIV Roivant Sciences Ltd. compare −10,901.0%
Biotechnology industry median 0.00%
Healthcare sector median 0.00%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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