argenx SE

ARGXNASDAQHealthcare● Active

$882.39

$-8.93(-1.00%)

Market Cap$54.6B

P/E Ratio—

52W High$934.62

52W Low$510.055

Avg Volume323K

Open$888.27

Beta-0.03

Free Cash Flow Financials Revenue

argenx SE (ARGX) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ARGX · free cash flow · updated Jun 8, 2026

Core FCF metrics

ARGX · FCF · TTM · margin & CAGR

Free cash flow was $844.3M for FY2025 (fiscal year ending 2025-12-31), up 659.0% year-over-year The FCF margin was 20.3%.

FY2025 Free Cash Flow$844.3M▲ +659.0% YoY

Trailing 12M (TTM)$755.0Mtrailing 4 quarters sum

FCF Margin20.3%$844.3M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ARGX · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$850.5M(6M)$844.3M▲ +659.0%20.3%

FY2024−$82.7M(68M)−$151.0M▲ +67.5%-6.9%

FY2023−$420.3M(44M)−$464.1M▲ +52.0%-37.9%

FY2022−$862.8M(104M)−$966.6M▼ 32.7%-235.3%

FY2021−$606.8M(121M)−$728.2M▼ 80.4%-146.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ARGX · P/FCF · FCF yield · FCF per share

argenx SE (ARGX) trades at a FCF yield of 1.34% and a price-to-free-cash-flow ratio of 71.6x. FCF per share stands at $12.32, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.34%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$12.32

TTM FCF ÷ Shares Outstanding

Price / FCF

x71.6

Share Price ÷ FCF per Share

EV / FCF (TTM)

x69.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

ARGX · cash flow statement · operating / investing / financing

For FY2025, argenx SE generated $850.5M in operating cash flow and spent 6M in capital expenditures, yielding $844.3M in free cash flow.

Operating Activities

+$850.5M

Cash from core business operations

2025-12-31

Investing Activities

+$823.9M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$233.7M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($850.5M) − |CapEx| (6M) = FCF ($844.3M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Healthcare)

ARGX vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

argenx SEYOU

ARGX

$844.3M+659.0%20.3%

UnitedHealth Group Incorporated

UNH

$16.07B-22.4%3.6%

82%

Eli Lilly and Company

LLY

$8.97B+2065.6%13.8%

46%

Healthcare · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

argenx SE (ARGX) reported free cash flow of $844.3M for FY2025 (fiscal year ending 2025-12-31), up 659.0% year-over-year. The FCF margin was 20.3%.

Based on available data, argenx SE has maintained positive free cash flow for at least 3 fiscal year(s). FCF peaked at $844.3M in FY2025.

argenx SE's FCF yield is 1.34% and price-to-FCF ratio is 71.6x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ARGX free cash flow · 8 questions

argenx SE free cash flow was $844.3M for FY2025, up 659.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $755.0M.

ARGX free cash flowARGX FCFARGX FCF 2025ARGX free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · argenx SE · argenx SE SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026