vs
Side-by-side financial comparison of AAR CORP (AIR) and BeOne Medicines Ltd. (ONC). Click either name above to swap in a different company.
BeOne Medicines Ltd. is the larger business by last-quarter revenue ($1.5B vs $795.3M, roughly 1.9× AAR CORP). BeOne Medicines Ltd. runs the higher net margin — 4.4% vs 4.4%, a 0.1% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs 15.9%). BeOne Medicines Ltd. produced more free cash flow last quarter ($379.8M vs $6.2M).
AAR Corp. is an American provider of aircraft maintenance services to commercial and government customers worldwide. The company is headquartered in Wood Dale, Illinois, a Chicago suburb. The company employs about 6,000 people, operating in about 30 different countries. John Holmes is the current CEO.
BeOne Medicines Ltd.ONCEarnings & Financial Report
BeOne Medicines, formerly known as BeiGene, Ltd. is a multinational oncology company. It specializes in the development of drugs for cancer treatment.
AIR vs ONC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $795.3M | $1.5B |
| Net Profit | $34.6M | $66.5M |
| Gross Margin | 19.7% | 90.5% |
| Operating Margin | 6.0% | 12.4% |
| Net Margin | 4.4% | 4.4% |
| Revenue YoY | 15.9% | 32.8% |
| Net Profit YoY | 213.1% | 143.8% |
| EPS (diluted) | $0.90 | $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.
| Q4 25 | $795.3M | $1.5B | ||
| Q3 25 | $739.6M | $1.4B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $929.2M | ||
| Q1 24 | — | $751.7M |
| Q4 25 | $34.6M | $66.5M | ||
| Q3 25 | $34.4M | $124.8M | ||
| Q2 25 | — | $94.3M | ||
| Q1 25 | — | $1.3M | ||
| Q4 24 | — | $-151.9M | ||
| Q3 24 | — | $-121.3M | ||
| Q2 24 | — | $-120.4M | ||
| Q1 24 | — | $-251.2M |
| Q4 25 | 19.7% | 90.5% | ||
| Q3 25 | 18.1% | 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% |
| Q4 25 | 6.0% | 12.4% | ||
| Q3 25 | 6.4% | 11.5% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | -7.0% | ||
| Q3 24 | — | -12.0% | ||
| Q2 24 | — | -11.5% | ||
| Q1 24 | — | -34.8% |
| Q4 25 | 4.4% | 4.4% | ||
| Q3 25 | 4.7% | 8.8% | ||
| Q2 25 | — | 7.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | -13.5% | ||
| Q3 24 | — | -12.1% | ||
| Q2 24 | — | -13.0% | ||
| Q1 24 | — | -33.4% |
| Q4 25 | $0.90 | $0.05 | ||
| Q3 25 | $0.95 | $0.08 | ||
| Q2 25 | — | $0.06 | ||
| Q1 25 | — | $0.00 | ||
| Q4 24 | — | $-0.10 | ||
| Q3 24 | — | $-0.09 | ||
| Q2 24 | — | $-0.09 | ||
| Q1 24 | — | $-0.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $75.6M | $4.5B |
| Total DebtLower is stronger | $952.7M | $836.4M |
| Stockholders' EquityBook value | $1.6B | $4.4B |
| Total Assets | $3.2B | $8.2B |
| Debt / EquityLower = less leverage | 0.61× | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | $4.5B | ||
| Q3 25 | $80.0M | $4.0B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.6B | ||
| Q1 24 | — | $2.8B |
| Q4 25 | $952.7M | $836.4M | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.6B | $4.4B | ||
| Q3 25 | $1.2B | $4.1B | ||
| Q2 25 | — | $3.8B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.4B | ||
| Q1 24 | — | $3.4B |
| Q4 25 | $3.2B | $8.2B | ||
| Q3 25 | $2.9B | $7.6B | ||
| Q2 25 | — | $6.3B | ||
| Q1 25 | — | $5.8B | ||
| Q4 24 | — | $5.9B | ||
| Q3 24 | — | $5.8B | ||
| Q2 24 | — | $5.7B | ||
| Q1 24 | — | $5.7B |
| Q4 25 | 0.61× | 0.19× | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $13.6M | $417.3M |
| Free Cash FlowOCF − Capex | $6.2M | $379.8M |
| FCF MarginFCF / Revenue | 0.8% | 25.4% |
| Capex IntensityCapex / Revenue | 0.9% | 2.5% |
| Cash ConversionOCF / Net Profit | 0.39× | 6.28× |
| TTM Free Cash FlowTrailing 4 quarters | — | $941.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.6M | $417.3M | ||
| Q3 25 | $-44.9M | $402.6M | ||
| Q2 25 | — | $263.6M | ||
| Q1 25 | — | $44.1M | ||
| Q4 24 | — | $75.2M | ||
| Q3 24 | — | $188.4M | ||
| Q2 24 | — | $-95.6M | ||
| Q1 24 | — | $-308.6M |
| Q4 25 | $6.2M | $379.8M | ||
| Q3 25 | $-53.6M | $354.5M | ||
| Q2 25 | — | $219.8M | ||
| Q1 25 | — | $-12.3M | ||
| Q4 24 | — | $-17.3M | ||
| Q3 24 | — | $54.7M | ||
| Q2 24 | — | $-205.5M | ||
| Q1 24 | — | $-465.1M |
| Q4 25 | 0.8% | 25.4% | ||
| Q3 25 | -7.2% | 25.1% | ||
| Q2 25 | — | 16.7% | ||
| Q1 25 | — | -1.1% | ||
| Q4 24 | — | -1.5% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | -22.1% | ||
| Q1 24 | — | -61.9% |
| Q4 25 | 0.9% | 2.5% | ||
| Q3 25 | 1.2% | 3.4% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | — | 8.2% | ||
| Q3 24 | — | 13.3% | ||
| Q2 24 | — | 11.8% | ||
| Q1 24 | — | 20.8% |
| Q4 25 | 0.39× | 6.28× | ||
| Q3 25 | -1.31× | 3.22× | ||
| Q2 25 | — | 2.79× | ||
| Q1 25 | — | 34.71× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AIR
| Commercial Customer | $268.1M | 34% |
| Repair And Engineering | $244.5M | 31% |
| Integrated Solutions | $175.8M | 22% |
| Government And Defense Customer | $85.5M | 11% |
| Expeditionary Services | $21.4M | 3% |
ONC
Segment breakdown not available.
