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Side-by-side financial comparison of APA Corporation (APA) and BeOne Medicines Ltd. (ONC). Click either name above to swap in a different company.
APA Corporation is the larger business by last-quarter revenue ($2.2B vs $1.5B, roughly 1.5× BeOne Medicines Ltd.). APA Corporation runs the higher net margin — 15.0% vs 4.4%, a 10.6% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs -24.3%). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% CAGR vs 1.4%).
APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston.
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.
APA vs ONC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $1.5B |
| Net Profit | $331.0M | $66.5M |
| Gross Margin | — | 90.5% |
| Operating Margin | 32.5% | 12.4% |
| Net Margin | 15.0% | 4.4% |
| Revenue YoY | -24.3% | 32.8% |
| Net Profit YoY | -22.1% | 143.8% |
| EPS (diluted) | $0.79 | $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 | $2.2B | $1.5B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.3B | $1.3B | ||
| Q1 25 | $2.7B | $1.1B | ||
| Q4 24 | $2.9B | $1.1B | ||
| Q3 24 | $2.7B | $1.0B | ||
| Q2 24 | $2.8B | $929.2M | ||
| Q1 24 | $2.1B | $751.7M |
| Q4 25 | $331.0M | $66.5M | ||
| Q3 25 | $205.0M | $124.8M | ||
| Q2 25 | $603.0M | $94.3M | ||
| Q1 25 | $418.0M | $1.3M | ||
| Q4 24 | $425.0M | $-151.9M | ||
| Q3 24 | $-223.0M | $-121.3M | ||
| Q2 24 | $541.0M | $-120.4M | ||
| Q1 24 | $212.0M | $-251.2M |
| 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% |
| Q4 25 | 32.5% | 12.4% | ||
| Q3 25 | 33.7% | 11.5% | ||
| Q2 25 | 31.8% | 6.7% | ||
| Q1 25 | 31.9% | 1.0% | ||
| Q4 24 | 31.4% | -7.0% | ||
| Q3 24 | -5.2% | -12.0% | ||
| Q2 24 | 34.4% | -11.5% | ||
| Q1 24 | 32.2% | -34.8% |
| Q4 25 | 15.0% | 4.4% | ||
| Q3 25 | 9.0% | 8.8% | ||
| Q2 25 | 26.0% | 7.2% | ||
| Q1 25 | 15.4% | 0.1% | ||
| Q4 24 | 14.6% | -13.5% | ||
| Q3 24 | -8.1% | -12.1% | ||
| Q2 24 | 19.0% | -13.0% | ||
| Q1 24 | 9.9% | -33.4% |
| Q4 25 | $0.79 | $0.05 | ||
| Q3 25 | $0.57 | $0.08 | ||
| Q2 25 | $1.67 | $0.06 | ||
| Q1 25 | $0.96 | $0.00 | ||
| Q4 24 | $0.97 | $-0.10 | ||
| Q3 24 | $-0.60 | $-0.09 | ||
| Q2 24 | $1.46 | $-0.09 | ||
| Q1 24 | $0.44 | $-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 | $516.0M | $4.5B |
| Total DebtLower is stronger | $4.3B | $836.4M |
| Stockholders' EquityBook value | $6.1B | $4.4B |
| Total Assets | $17.8B | $8.2B |
| Debt / EquityLower = less leverage | 0.70× | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $516.0M | $4.5B | ||
| Q3 25 | $475.0M | $4.0B | ||
| Q2 25 | $107.0M | $2.8B | ||
| Q1 25 | $67.0M | $2.5B | ||
| Q4 24 | $625.0M | $2.6B | ||
| Q3 24 | $64.0M | $2.7B | ||
| Q2 24 | $160.0M | $2.6B | ||
| Q1 24 | $102.0M | $2.8B |
| Q4 25 | $4.3B | $836.4M | ||
| Q3 25 | $4.3B | — | ||
| Q2 25 | $4.3B | — | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $6.0B | — | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.7B | — | ||
| Q1 24 | $5.2B | — |
| Q4 25 | $6.1B | $4.4B | ||
| Q3 25 | $6.0B | $4.1B | ||
| Q2 25 | $5.9B | $3.8B | ||
| Q1 25 | $5.4B | $3.5B | ||
| Q4 24 | $5.3B | $3.3B | ||
| Q3 24 | $5.1B | $3.4B | ||
| Q2 24 | $5.4B | $3.4B | ||
| Q1 24 | $2.6B | $3.4B |
| Q4 25 | $17.8B | $8.2B | ||
| Q3 25 | $17.7B | $7.6B | ||
| Q2 25 | $18.1B | $6.3B | ||
| Q1 25 | $18.5B | $5.8B | ||
| Q4 24 | $19.4B | $5.9B | ||
| Q3 24 | $19.4B | $5.8B | ||
| Q2 24 | $20.2B | $5.7B | ||
| Q1 24 | $15.0B | $5.7B |
| Q4 25 | 0.70× | 0.19× | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 1.13× | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 1.24× | — | ||
| Q1 24 | 1.99× | — |
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 | $808.0M | $417.3M |
| Free Cash FlowOCF − Capex | — | $379.8M |
| FCF MarginFCF / Revenue | — | 25.4% |
| Capex IntensityCapex / Revenue | — | 2.5% |
| Cash ConversionOCF / Net Profit | 2.44× | 6.28× |
| TTM Free Cash FlowTrailing 4 quarters | — | $941.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $808.0M | $417.3M | ||
| Q3 25 | $1.5B | $402.6M | ||
| Q2 25 | $1.2B | $263.6M | ||
| Q1 25 | $1.1B | $44.1M | ||
| Q4 24 | $1.0B | $75.2M | ||
| Q3 24 | $1.3B | $188.4M | ||
| Q2 24 | $877.0M | $-95.6M | ||
| Q1 24 | $368.0M | $-308.6M |
| Q4 25 | — | $379.8M | ||
| Q3 25 | — | $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 | — | 25.4% | ||
| Q3 25 | — | 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 | — | 2.5% | ||
| Q3 25 | — | 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 | 2.44× | 6.28× | ||
| Q3 25 | 7.12× | 3.22× | ||
| Q2 25 | 1.96× | 2.79× | ||
| Q1 25 | 2.62× | 34.71× | ||
| Q4 24 | 2.44× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 1.74× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APA
| Oil And Gas Excluding Purchased | $1.7B | 76% |
| Oil And Gas Purchased | $323.0M | 15% |
| Oil Reserves | $114.0M | 5% |
| Other | $72.0M | 3% |
| Natural Gas Reserves | $30.0M | 1% |
ONC
Segment breakdown not available.
