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Side-by-side financial comparison of Ameren (AEE) and BeOne Medicines Ltd. (ONC). Click either name above to swap in a different company.

Ameren is the larger business by last-quarter revenue ($1.8B vs $1.5B, roughly 1.2× BeOne Medicines Ltd.). Ameren runs the higher net margin — 14.2% vs 4.4%, a 9.8% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs -8.2%). BeOne Medicines Ltd. produced more free cash flow last quarter ($379.8M vs $-54.0M). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% CAGR vs -0.9%).

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses. It primarily generates electricity through coal, nucle...

BeOne Medicines, formerly known as BeiGene, Ltd. is a multinational oncology company. It specializes in the development of drugs for cancer treatment.

AEE vs ONC — Head-to-Head

Bigger by revenue
AEE
AEE
1.2× larger
AEE
$1.8B
$1.5B
ONC
Growing faster (revenue YoY)
ONC
ONC
+41.0% gap
ONC
32.8%
-8.2%
AEE
Higher net margin
AEE
AEE
9.8% more per $
AEE
14.2%
4.4%
ONC
More free cash flow
ONC
ONC
$433.8M more FCF
ONC
$379.8M
$-54.0M
AEE
Faster 2-yr revenue CAGR
ONC
ONC
Annualised
ONC
41.2%
-0.9%
AEE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AEE
AEE
ONC
ONC
Revenue
$1.8B
$1.5B
Net Profit
$253.0M
$66.5M
Gross Margin
90.5%
Operating Margin
20.2%
12.4%
Net Margin
14.2%
4.4%
Revenue YoY
-8.2%
32.8%
Net Profit YoY
21.6%
143.8%
EPS (diluted)
$0.92
$0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AEE
AEE
ONC
ONC
Q4 25
$1.8B
$1.5B
Q3 25
$2.7B
$1.4B
Q2 25
$2.2B
$1.3B
Q1 25
$2.1B
$1.1B
Q4 24
$1.9B
$1.1B
Q3 24
$2.2B
$1.0B
Q2 24
$1.7B
$929.2M
Q1 24
$1.8B
$751.7M
Net Profit
AEE
AEE
ONC
ONC
Q4 25
$253.0M
$66.5M
Q3 25
$641.0M
$124.8M
Q2 25
$277.0M
$94.3M
Q1 25
$290.0M
$1.3M
Q4 24
$208.0M
$-151.9M
Q3 24
$457.0M
$-121.3M
Q2 24
$260.0M
$-120.4M
Q1 24
$262.0M
$-251.2M
Gross Margin
AEE
AEE
ONC
ONC
Q4 25
90.5%
Q3 25
86.1%
Q2 25
87.5%
Q1 25
85.2%
Q4 24
85.8%
Q3 24
83.0%
Q2 24
85.1%
Q1 24
83.4%
Operating Margin
AEE
AEE
ONC
ONC
Q4 25
20.2%
12.4%
Q3 25
30.6%
11.5%
Q2 25
18.5%
6.7%
Q1 25
20.5%
1.0%
Q4 24
10.2%
-7.0%
Q3 24
27.0%
-12.0%
Q2 24
21.3%
-11.5%
Q1 24
20.4%
-34.8%
Net Margin
AEE
AEE
ONC
ONC
Q4 25
14.2%
4.4%
Q3 25
23.7%
8.8%
Q2 25
12.5%
7.2%
Q1 25
13.8%
0.1%
Q4 24
10.7%
-13.5%
Q3 24
21.0%
-12.1%
Q2 24
15.4%
-13.0%
Q1 24
14.4%
-33.4%
EPS (diluted)
AEE
AEE
ONC
ONC
Q4 25
$0.92
$0.05
Q3 25
$2.35
$0.08
Q2 25
$1.01
$0.06
Q1 25
$1.07
$0.00
Q4 24
$0.77
$-0.10
Q3 24
$1.70
$-0.09
Q2 24
$0.97
$-0.09
Q1 24
$0.98
$-0.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AEE
AEE
ONC
ONC
Cash + ST InvestmentsLiquidity on hand
$13.0M
$4.5B
Total DebtLower is stronger
$19.4B
$836.4M
Stockholders' EquityBook value
$13.4B
$4.4B
Total Assets
$48.5B
$8.2B
Debt / EquityLower = less leverage
1.45×
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AEE
AEE
ONC
ONC
Q4 25
$13.0M
$4.5B
Q3 25
$9.0M
$4.0B
Q2 25
$11.0M
$2.8B
Q1 25
$23.0M
$2.5B
Q4 24
$7.0M
$2.6B
Q3 24
$17.0M
$2.7B
Q2 24
$19.0M
$2.6B
Q1 24
$85.0M
$2.8B
Total Debt
AEE
AEE
ONC
ONC
Q4 25
$19.4B
$836.4M
Q3 25
Q2 25
Q1 25
Q4 24
$17.8B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AEE
AEE
ONC
ONC
Q4 25
$13.4B
$4.4B
Q3 25
$12.8B
$4.1B
Q2 25
$12.3B
$3.8B
Q1 25
$12.2B
$3.5B
Q4 24
$12.1B
$3.3B
Q3 24
$11.8B
$3.4B
Q2 24
$11.5B
$3.4B
Q1 24
$11.4B
$3.4B
Total Assets
AEE
AEE
ONC
ONC
Q4 25
$48.5B
$8.2B
Q3 25
$47.4B
$7.6B
Q2 25
$46.6B
$6.3B
Q1 25
$45.7B
$5.8B
Q4 24
$44.6B
$5.9B
Q3 24
$43.3B
$5.8B
Q2 24
$42.3B
$5.7B
Q1 24
$41.3B
$5.7B
Debt / Equity
AEE
AEE
ONC
ONC
Q4 25
1.45×
0.19×
Q3 25
Q2 25
Q1 25
Q4 24
1.47×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AEE
AEE
ONC
ONC
Operating Cash FlowLast quarter
$956.0M
$417.3M
Free Cash FlowOCF − Capex
$-54.0M
$379.8M
FCF MarginFCF / Revenue
-3.0%
25.4%
Capex IntensityCapex / Revenue
56.7%
2.5%
Cash ConversionOCF / Net Profit
3.78×
6.28×
TTM Free Cash FlowTrailing 4 quarters
$-775.0M
$941.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AEE
AEE
ONC
ONC
Q4 25
$956.0M
$417.3M
Q3 25
$1.1B
$402.6M
Q2 25
$862.0M
$263.6M
Q1 25
$431.0M
$44.1M
Q4 24
$817.0M
$75.2M
Q3 24
$897.0M
$188.4M
Q2 24
$557.0M
$-95.6M
Q1 24
$492.0M
$-308.6M
Free Cash Flow
AEE
AEE
ONC
ONC
Q4 25
$-54.0M
$379.8M
Q3 25
$116.0M
$354.5M
Q2 25
$-204.0M
$219.8M
Q1 25
$-633.0M
$-12.3M
Q4 24
$-473.0M
$-17.3M
Q3 24
$-240.0M
$54.7M
Q2 24
$-445.0M
$-205.5M
Q1 24
$-398.0M
$-465.1M
FCF Margin
AEE
AEE
ONC
ONC
Q4 25
-3.0%
25.4%
Q3 25
4.3%
25.1%
Q2 25
-9.2%
16.7%
Q1 25
-30.2%
-1.1%
Q4 24
-24.4%
-1.5%
Q3 24
-11.0%
5.5%
Q2 24
-26.3%
-22.1%
Q1 24
-21.9%
-61.9%
Capex Intensity
AEE
AEE
ONC
ONC
Q4 25
56.7%
2.5%
Q3 25
36.6%
3.4%
Q2 25
48.0%
3.3%
Q1 25
50.7%
5.0%
Q4 24
66.5%
8.2%
Q3 24
52.3%
13.3%
Q2 24
59.2%
11.8%
Q1 24
49.0%
20.8%
Cash Conversion
AEE
AEE
ONC
ONC
Q4 25
3.78×
6.28×
Q3 25
1.72×
3.22×
Q2 25
3.11×
2.79×
Q1 25
1.49×
34.71×
Q4 24
3.93×
Q3 24
1.96×
Q2 24
2.14×
Q1 24
1.88×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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