ARGX vs KMDA Stock Comparison

Argenx Se and Kamada Prices as of Oct 26, 2026 Peers: Industry group
ARGX Argenx Se
$869.33 -9.4% 1M +6.4% 1Y
Market cap
$53.74B
P/E
28.6x
Revenue (TTM)
$5.82B
Div. yield
–
Biotechnology Healthcare
5 wins
KMDA Kamada Ltd
$7.94 -8.9% 1M +15.6% 1Y
Market cap
$464.05M
P/E
21.0x
Revenue (TTM)
$191.85M
Div. yield
0.06%
Biotechnology Healthcare
4 wins

Head to Head

9 decided of 12

Argenx Se leads on 5 of the 12 questions below (Argenx Se 5, Kamada 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionARGXKMDALeader
Larger companyMarket capitalisation $53.74B $464.05M ARGX
Cheaper on earningsLower P/E, profitable companies only 28.6x 21.0x KMDA
Cheaper on forward earningsLower price / next fiscal year consensus EPS 28.4x 15.9x KMDA
Faster revenue growthRevenue growth, trailing twelve months +61.5% +13.2% ARGX
More profitableNet margin, trailing twelve months 32.3% 11.5% ARGX
Better return on capitalReturn on invested capital — 10.2% –
Less leveragedLower net debt / EBITDA — -1.5x –
Higher dividend yieldTrailing dividend yield 0.00% 0.06% –
Better 1-year returnPrice return, last 12 months +6.4% +15.6% KMDA
Better 5-year returnAnnualised price return, 5 years +25.5%/yr +6.9%/yr ARGX
Less volatileAnnualised volatility, 1 year 37.0% 34.8% KMDA
Higher overall scoreMean of the five percentile scores vs peers 92/100 84/100 ARGX

Percentile Scorecard

ARGXKMDA

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisARGXKMDA
Valuation 83 #108 of 626 97 #21 of 626
Growth 95 #34 of 604 71 #179 of 604
Profitability 98 #11 of 555 87 #73 of 555
Financial Health – 75 #167 of 658
Shareholder Returns – 90 #37 of 368
Overall 92 84
  • ARGX ranked among 673 companies in Pharmaceuticals and Biotechnology
  • KMDA ranked among 673 companies in Pharmaceuticals and Biotechnology

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodARGXKMDASPY
1 month -9.4%-8.9% -0.8%
3 months -2.2%+13.6% +3.5%
6 months +10.9%-3.2% +7.0%
Year to date +3.4%+12.5% +12.2%
1 year +6.4%+15.6% +13.0%
3 years +89.0%+91.8% +86.3%
3 years, per year +23.7%+24.3% +23.1%
5 years +210.9%+39.8% +68.6%
5 years, per year +25.5%+6.9% +11.0%
10 years —+32.3% +258.0%
10 years, per year —+2.8% +13.6%

Risk

MeasureARGXKMDASPY
Volatility, 1Y 37.0%34.8% 12.7%
Downside volatility, 1Y 34.6%33.2% 12.7%
Beta vs S&P 500, 1Y 0.391.01 1.00
Return / volatility, 1Y 0.170.45 1.02
Max drawdown, 5Y -38.2%-44.4% -25.4%
From 52-week high -17.9%-14.7% -1.8%
52-week high $1,058.90$9.31 $779.14
52-week low $663.93$6.62 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleARGXKMDA
P/E now vs peer median 28.4xmedian 17.1x 20.7xmedian 17.1x
P/S now vs peer median 9.2xmedian 8.8x 2.4xmedian 8.8x
EV/EBITDA now vs peer median —median 17.1x 9.1xmedian 17.1x
P/FCF now vs peer median —median 18.0x 17.4xmedian 18.0x
P/B now vs peer median —median 2.1x 1.7xmedian 2.1x
PEG now vs peer median 0.27median 0.31 0.29median 0.31

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsARGXKMDA
Revenue $5.82B $191.85M
Gross profit $5.24B $78.31M
Operating income $1.74B $27.83M
Net income $1.88B $22.25M
Free cash flow – $26.32M
R&D $1.80B $9.91M
EPS (diluted) $28.43 $0.38
Cash & equivalents – $29.47M
Total debt – $74.86M
Shares (diluted) 66.03M 58.35M
Enterprise value $53.74B $173.11M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricARGXKMDA
P/E 28.4x 20.7x
P/FCF – 17.4x
P/Operating cash flow – 12.8x
P/S 9.2x 2.4x
P/B – 1.7x
P/Tangible book – 1.7x
EV/EBITDA – 9.1x
EV/EBIT 30.9x 14.2x
EV/Revenue 9.2x 2.1x
EV/FCF – 15.0x
EV/Operating cash flow – 11.0x
PEG (3Y EPS CAGR) 0.27 0.29

Growth

14 metrics
MetricARGXKMDA
Revenue growth (1Y) 61.5% 13.2%
Revenue CAGR (3Y) 80.5% 9.6%
Gross profit growth (1Y) 62.2% 5.9%
Gross profit CAGR (3Y) 80.0% 12.9%
Operating income growth (1Y) 120.6% 10.3%
Operating income CAGR (3Y) 85.1% 43.1%
Net income growth (1Y) 22.5% 17.0%
Net income CAGR (3Y) 115.5% 258.5%
EPS growth (1Y) 20.9% 14.5%
EPS CAGR (3Y) 104.8% 70.4%
Operating cash flow growth (1Y) – -10.9%
Operating cash flow CAGR (3Y) – 5.6%
Free cash flow growth (1Y) – -16.7%
Free cash flow CAGR (3Y) – 1.0%

Profitability

14 metrics
MetricARGXKMDA
Gross margin 90.0% 40.8%
EBITDA margin – 22.5%
Operating margin 29.9% 14.5%
Pretax margin 32.6% 13.9%
Net margin 32.3% 11.5%
FCF margin – 13.7%
Operating cash flow margin – 18.6%
Return on equity – 8.4%
Return on assets – 5.8%
Return on invested capital – 10.2%
Return on capital employed – 8.3%
Asset turnover – 0.5x
Cash conversion (OCF / net income) – 1.6x
Stock comp / revenue – 1.1%

Financial Health

11 metrics
MetricARGXKMDA
Debt / assets – 1.6%
Debt / equity – 0.0x
Net debt / EBITDA – -1.5x
Debt / FCF – 0.2x
Liabilities / assets – 29.6%
Equity / assets – 70.4%
Interest coverage 10,120x 93.7x
Current ratio – 4.1x
Quick ratio – 2.3x
Cash ratio – 1.4x
Altman Z-score – 3.56

Shareholder Returns

7 metrics
MetricARGXKMDA
Dividend yield – 5.3%
Net buyback yield – 0.0%
Shareholder yield – 5.3%
Payout ratio (earnings) – 129.6%
Payout ratio (FCF) – 109.6%
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusARGXKMDA
Forward P/E 28.4xFY2026 15.9xFY2026
EPS, next fiscal year $30.63FY2026 $0.50FY2026
EPS growth, next FY +56.5%FY2026 +38.9%FY2026
EPS growth, the year after +26.9% +24.0%
Revenue, next fiscal year $6.08BFY2026 $209.90MFY2026
Revenue growth, next FY +43.1%FY2026 +16.3%FY2026
Revenue growth, the year after +22.9% +13.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersARGXKMDA
Held by institutions 46.1% 8.6%
Institutions holding 504 50
Change in shares held, QoQ -2.0% -3.1%
Institutions buying 264 24
Institutions selling 160 18
Buyers to sellers 1.65 1.33

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ARGXKMDA
ARGX 1.00 0.16
KMDA 0.16 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ARGX and KMDA?

Argenx Se (ARGX) is the largest by market capitalisation: Argenx Se (ARGX) $53.74B, Kamada (KMDA) $464.05M.

Which stock is cheaper, ARGX and KMDA?

Kamada (KMDA) trades on the lowest price-to-earnings ratio (Argenx Se (ARGX) 28.6x, Kamada (KMDA) 21.0x). On next year's consensus earnings, Kamada (KMDA) is cheapest (Argenx Se (ARGX) 28.4x, Kamada (KMDA) 15.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Argenx Se (ARGX) grew revenue fastest over the trailing twelve months: Argenx Se (ARGX) +61.5%, Kamada (KMDA) +13.2%.

Which company is more profitable?

Argenx Se (ARGX) has the highest net margin (Argenx Se (ARGX) 32.3%, Kamada (KMDA) 11.5%).

Which stock has performed better?

Over the past year Kamada (KMDA) returned the most: Argenx Se (ARGX) +6.4%, Kamada (KMDA) +15.6%. Over five years, Argenx Se (ARGX) compounded fastest (Argenx Se (ARGX) +25.5%/yr, Kamada (KMDA) +6.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Argenx Se (ARGX) 0.00%, Kamada (KMDA) 0.06%. Argenx Se (ARGX) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Kamada (KMDA) has been the steadiest (Argenx Se (ARGX) 37.0%, Kamada (KMDA) 34.8%). Volatility measures how widely the price swings, not the risk of the business.

Do ARGX and KMDA move together?

Their daily returns over the past year have a correlation of 0.16, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, ARGX and KMDA?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Argenx Se (ARGX) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.