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Side-by-side financial comparison of Allstate (ALL) 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 $922.0M, roughly 1.6× Allstate). Allstate runs the higher net margin — 266.6% vs 4.4%, a 262.2% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs 7.2%). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% CAGR vs -75.8%).

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal ...

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

ALL vs ONC — Head-to-Head

Bigger by revenue
ONC
ONC
1.6× larger
ONC
$1.5B
$922.0M
ALL
Growing faster (revenue YoY)
ONC
ONC
+25.6% gap
ONC
32.8%
7.2%
ALL
Higher net margin
ALL
ALL
262.2% more per $
ALL
266.6%
4.4%
ONC
Faster 2-yr revenue CAGR
ONC
ONC
Annualised
ONC
41.2%
-75.8%
ALL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ALL
ALL
ONC
ONC
Revenue
$922.0M
$1.5B
Net Profit
$2.5B
$66.5M
Gross Margin
90.5%
Operating Margin
-1400.3%
12.4%
Net Margin
266.6%
4.4%
Revenue YoY
7.2%
32.8%
Net Profit YoY
143.8%
EPS (diluted)
$9.25
$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
ALL
ALL
ONC
ONC
Q1 26
$922.0M
Q4 25
$17.3B
$1.5B
Q3 25
$17.3B
$1.4B
Q2 25
$16.6B
$1.3B
Q1 25
$16.5B
$1.1B
Q4 24
$16.5B
$1.1B
Q3 24
$16.6B
$1.0B
Q2 24
$15.7B
$929.2M
Net Profit
ALL
ALL
ONC
ONC
Q1 26
$2.5B
Q4 25
$3.8B
$66.5M
Q3 25
$3.7B
$124.8M
Q2 25
$2.1B
$94.3M
Q1 25
$595.0M
$1.3M
Q4 24
$1.9B
$-151.9M
Q3 24
$1.2B
$-121.3M
Q2 24
$331.0M
$-120.4M
Gross Margin
ALL
ALL
ONC
ONC
Q1 26
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%
Operating Margin
ALL
ALL
ONC
ONC
Q1 26
-1400.3%
Q4 25
12.4%
Q3 25
11.5%
Q2 25
6.7%
Q1 25
1.0%
Q4 24
-7.0%
Q3 24
-12.0%
Q2 24
-11.5%
Net Margin
ALL
ALL
ONC
ONC
Q1 26
266.6%
Q4 25
22.1%
4.4%
Q3 25
21.7%
8.8%
Q2 25
12.7%
7.2%
Q1 25
3.6%
0.1%
Q4 24
11.7%
-13.5%
Q3 24
7.2%
-12.1%
Q2 24
2.1%
-13.0%
EPS (diluted)
ALL
ALL
ONC
ONC
Q1 26
$9.25
Q4 25
$14.24
$0.05
Q3 25
$13.95
$0.08
Q2 25
$7.76
$0.06
Q1 25
$2.11
$0.00
Q4 24
$7.07
$-0.10
Q3 24
$4.33
$-0.09
Q2 24
$1.13
$-0.09

Balance Sheet & Financial Strength

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

Metric
ALL
ALL
ONC
ONC
Cash + ST InvestmentsLiquidity on hand
$4.5B
Total DebtLower is stronger
$836.4M
Stockholders' EquityBook value
$31.6B
$4.4B
Total Assets
$124.0B
$8.2B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALL
ALL
ONC
ONC
Q1 26
Q4 25
$4.9B
$4.5B
Q3 25
$8.7B
$4.0B
Q2 25
$9.6B
$2.8B
Q1 25
$6.5B
$2.5B
Q4 24
$4.5B
$2.6B
Q3 24
$7.0B
$2.7B
Q2 24
$5.3B
$2.6B
Total Debt
ALL
ALL
ONC
ONC
Q1 26
Q4 25
$7.5B
$836.4M
Q3 25
$8.1B
Q2 25
$8.1B
Q1 25
$8.1B
Q4 24
$8.1B
Q3 24
$8.1B
Q2 24
$8.1B
Stockholders' Equity
ALL
ALL
ONC
ONC
Q1 26
$31.6B
Q4 25
$30.6B
$4.4B
Q3 25
$27.5B
$4.1B
Q2 25
$24.0B
$3.8B
Q1 25
$22.1B
$3.5B
Q4 24
$21.4B
$3.3B
Q3 24
$20.9B
$3.4B
Q2 24
$18.6B
$3.4B
Total Assets
ALL
ALL
ONC
ONC
Q1 26
$124.0B
Q4 25
$119.8B
$8.2B
Q3 25
$120.4B
$7.6B
Q2 25
$115.9B
$6.3B
Q1 25
$115.2B
$5.8B
Q4 24
$111.6B
$5.9B
Q3 24
$113.7B
$5.8B
Q2 24
$108.4B
$5.7B
Debt / Equity
ALL
ALL
ONC
ONC
Q1 26
Q4 25
0.24×
0.19×
Q3 25
0.29×
Q2 25
0.34×
Q1 25
0.37×
Q4 24
0.38×
Q3 24
0.39×
Q2 24
0.43×

Cash Flow & Capital Efficiency

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

Metric
ALL
ALL
ONC
ONC
Operating Cash FlowLast quarter
$417.3M
Free Cash FlowOCF − Capex
$379.8M
FCF MarginFCF / Revenue
25.4%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
6.28×
TTM Free Cash FlowTrailing 4 quarters
$941.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALL
ALL
ONC
ONC
Q1 26
Q4 25
$3.0B
$417.3M
Q3 25
$3.3B
$402.6M
Q2 25
$1.9B
$263.6M
Q1 25
$2.0B
$44.1M
Q4 24
$1.7B
$75.2M
Q3 24
$3.2B
$188.4M
Q2 24
$2.4B
$-95.6M
Free Cash Flow
ALL
ALL
ONC
ONC
Q1 26
Q4 25
$2.9B
$379.8M
Q3 25
$3.2B
$354.5M
Q2 25
$1.9B
$219.8M
Q1 25
$1.9B
$-12.3M
Q4 24
$1.7B
$-17.3M
Q3 24
$3.1B
$54.7M
Q2 24
$2.3B
$-205.5M
FCF Margin
ALL
ALL
ONC
ONC
Q1 26
Q4 25
16.7%
25.4%
Q3 25
18.8%
25.1%
Q2 25
11.3%
16.7%
Q1 25
11.4%
-1.1%
Q4 24
10.0%
-1.5%
Q3 24
18.9%
5.5%
Q2 24
14.7%
-22.1%
Capex Intensity
ALL
ALL
ONC
ONC
Q1 26
Q4 25
0.5%
2.5%
Q3 25
0.3%
3.4%
Q2 25
0.0%
3.3%
Q1 25
0.6%
5.0%
Q4 24
0.3%
8.2%
Q3 24
0.4%
13.3%
Q2 24
0.4%
11.8%
Cash Conversion
ALL
ALL
ONC
ONC
Q1 26
Q4 25
0.78×
6.28×
Q3 25
0.88×
3.22×
Q2 25
0.89×
2.79×
Q1 25
3.30×
34.71×
Q4 24
0.88×
Q3 24
2.69×
Q2 24
7.13×

Financial Flow Comparison

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

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