Big Move for ARGX, but Do PTCT’s Margins and Growth Give It the Edge?

ARGX: argenx logo
ARGX
argenx

PTC Therapeutics (PTCT) offers superior revenue growth across key periods, better profitability, and relatively lower valuation vs argenx (ARGX), suggesting you may be better off investing in PTCT

  • PTCT’s quarterly revenue growth was 459.7%, vs. ARGX’s 97.2%.
  • In addition, its Last 12 Months revenue growth came in at 91.1%, ahead of ARGX’s 83.2%.
  • PTCT leads on profitability over both periods – LTM margin of 49.0% and 3-year average of -13.5%.

ARGX biotechnology company developing therapies for autoimmune diseases, including efgartigimod for multiple conditions, and immunology innovations like cusatuzumab for hematological cancers and high-risk MDS. PTCT develops and commercializes medicines for rare disorders, including treatments for Duchenne muscular dystrophy, rare diseases in Latin America, and Huntington’s disease.

Valuation & Performance Overview

ARGX PTCT Preferred
Valuation
P/EBIT Ratio 191.1 4.7 PTCT
Revenue Growth
Last Quarter 97.2% 459.7% PTCT
Last 12 Months 83.2% 91.1% PTCT
Last 3 Year Average 94.2% 48.9% ARGX
Operating Margins
Last 12 Months 8.3% 49.0% PTCT
Last 3 Year Average -40.1% -13.5% PTCT
Momentum
Last 3 Year Return 89.8% 16.2% ARGX

Note: For “Last 3 Year Return” metric, preferred stock is one with higher returns unless the returns are too high (>300%) which creates risk of sell off.
See more revenue details: ARGX Revenue Comparison | PTCT Revenue Comparison
See more margin details: ARGX Operating Income Comparison | PTCT Operating Income Comparison

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But do these numbers tell the full story? Read Buy or Sell PTCT Stock to see if PTC Therapeutics’s edge holds up under the hood or if argenx still has cards to play.

That is one way to look at stocks. Trefis High Quality Portfolio evaluates much more, and is designed to reduce stock-specific risk while giving upside exposure

Historical Market Performance

2020 2021 2022 2023 2024 2025 Total [1] Avg Best
Returns
ARGX Return 83% 19% 8% 0% 62% 9% 269% <===
PTCT Return 27% -35% -4% -28% 64% 15% -7%
S&P 500 Return 16% 27% -19% 24% 23% 8% 98%
Monthly Win Rates [3]
ARGX Win Rate 67% 50% 58% 50% 67% 33% 54%
PTCT Win Rate 58% 33% 58% 42% 83% 50% 54%
S&P 500 Win Rate 58% 75% 42% 67% 75% 50% 61% <===
Max Drawdowns [4]
ARGX Max Drawdown -32% -13% -27% -12% -6% -13% -17%
PTCT Max Drawdown -33% -42% -36% -53% -12% -20% -33%
S&P 500 Max Drawdown -31% -1% -25% -1% -2% -15% -12% <===

[1] Cumulative total returns since the beginning of 2020
[2] 2025 data is for the year till date (YTD)
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year

No matter how good the numbers, stock investment is never a smooth ride. There is a risk you must factor in. Read PTCT Dip Buyer Analyses and ARGX Dip Buyer Analyses to see how these stocks have fallen and recovered in the past.