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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) 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 $1.4B, roughly 1.1× Academy Sports & Outdoors, Inc.). Academy Sports & Outdoors, Inc. runs the higher net margin — 5.2% vs 4.4%, a 0.7% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs 3.0%). BeOne Medicines Ltd. produced more free cash flow last quarter ($379.8M vs $-13.6M). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% CAGR vs -12.2%).
Academy Sports + Outdoors is an American sporting-goods store chain with corporate offices in the Katy Distribution Center in unincorporated western Harris County, Texas, United States, near Katy and west of Houston. For 74 years, it was a privately held company owned by the Gochman family, until its May 2011 acquisition by Kohlberg Kravis Roberts. In October 2020, it was listed on NASDAQ.
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.
ASO vs ONC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.5B |
| Net Profit | $71.6M | $66.5M |
| Gross Margin | 35.7% | 90.5% |
| Operating Margin | 7.3% | 12.4% |
| Net Margin | 5.2% | 4.4% |
| Revenue YoY | 3.0% | 32.8% |
| Net Profit YoY | 8.8% | 143.8% |
| EPS (diluted) | $1.05 | $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 | $1.4B | $1.5B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $1.7B | $1.1B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.5B | $1.0B | ||
| Q2 24 | $1.4B | $929.2M | ||
| Q1 24 | $1.8B | $751.7M |
| Q4 25 | $71.6M | $66.5M | ||
| Q3 25 | $125.4M | $124.8M | ||
| Q2 25 | $46.1M | $94.3M | ||
| Q1 25 | $133.6M | $1.3M | ||
| Q4 24 | $65.8M | $-151.9M | ||
| Q3 24 | $142.6M | $-121.3M | ||
| Q2 24 | $76.5M | $-120.4M | ||
| Q1 24 | $168.2M | $-251.2M |
| Q4 25 | 35.7% | 90.5% | ||
| Q3 25 | 36.0% | 86.1% | ||
| Q2 25 | 34.0% | 87.5% | ||
| Q1 25 | 32.2% | 85.2% | ||
| Q4 24 | 34.0% | 85.8% | ||
| Q3 24 | 36.1% | 83.0% | ||
| Q2 24 | 33.4% | 85.1% | ||
| Q1 24 | 33.3% | 83.4% |
| Q4 25 | 7.3% | 12.4% | ||
| Q3 25 | 10.8% | 11.5% | ||
| Q2 25 | 5.1% | 6.7% | ||
| Q1 25 | 9.2% | 1.0% | ||
| Q4 24 | 6.8% | -7.0% | ||
| Q3 24 | 12.3% | -12.0% | ||
| Q2 24 | 7.5% | -11.5% | ||
| Q1 24 | 11.4% | -34.8% |
| Q4 25 | 5.2% | 4.4% | ||
| Q3 25 | 7.8% | 8.8% | ||
| Q2 25 | 3.4% | 7.2% | ||
| Q1 25 | 8.0% | 0.1% | ||
| Q4 24 | 4.9% | -13.5% | ||
| Q3 24 | 9.2% | -12.1% | ||
| Q2 24 | 5.6% | -13.0% | ||
| Q1 24 | 9.4% | -33.4% |
| Q4 25 | $1.05 | $0.05 | ||
| Q3 25 | $1.85 | $0.08 | ||
| Q2 25 | $0.68 | $0.06 | ||
| Q1 25 | $1.85 | $0.00 | ||
| Q4 24 | $0.92 | $-0.10 | ||
| Q3 24 | $1.95 | $-0.09 | ||
| Q2 24 | $1.01 | $-0.09 | ||
| Q1 24 | $2.19 | $-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 | $289.5M | $4.5B |
| Total DebtLower is stronger | — | $836.4M |
| Stockholders' EquityBook value | $2.1B | $4.4B |
| Total Assets | $5.4B | $8.2B |
| Debt / EquityLower = less leverage | — | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $289.5M | $4.5B | ||
| Q3 25 | $300.9M | $4.0B | ||
| Q2 25 | $285.1M | $2.8B | ||
| Q1 25 | $288.9M | $2.5B | ||
| Q4 24 | $296.0M | $2.6B | ||
| Q3 24 | $324.6M | $2.7B | ||
| Q2 24 | $378.1M | $2.6B | ||
| Q1 24 | $347.9M | $2.8B |
| Q4 25 | — | $836.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.1B | $4.4B | ||
| Q3 25 | $2.1B | $4.1B | ||
| Q2 25 | $1.9B | $3.8B | ||
| Q1 25 | $2.0B | $3.5B | ||
| Q4 24 | $2.0B | $3.3B | ||
| Q3 24 | $2.0B | $3.4B | ||
| Q2 24 | $1.9B | $3.4B | ||
| Q1 24 | $2.0B | $3.4B |
| Q4 25 | $5.4B | $8.2B | ||
| Q3 25 | $5.3B | $7.6B | ||
| Q2 25 | $5.2B | $6.3B | ||
| Q1 25 | $4.9B | $5.8B | ||
| Q4 24 | $5.1B | $5.9B | ||
| Q3 24 | $4.9B | $5.8B | ||
| Q2 24 | $4.9B | $5.7B | ||
| Q1 24 | $4.7B | $5.7B |
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | — | ||
| 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 | $49.0M | $417.3M |
| Free Cash FlowOCF − Capex | $-13.6M | $379.8M |
| FCF MarginFCF / Revenue | -1.0% | 25.4% |
| Capex IntensityCapex / Revenue | 4.5% | 2.5% |
| Cash ConversionOCF / Net Profit | 0.68× | 6.28× |
| TTM Free Cash FlowTrailing 4 quarters | $191.4M | $941.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.0M | $417.3M | ||
| Q3 25 | $78.6M | $402.6M | ||
| Q2 25 | $157.5M | $263.6M | ||
| Q1 25 | $140.2M | $44.1M | ||
| Q4 24 | $96.9M | $75.2M | ||
| Q3 24 | $91.3M | $188.4M | ||
| Q2 24 | $199.7M | $-95.6M | ||
| Q1 24 | $234.7M | $-308.6M |
| Q4 25 | $-13.6M | $379.8M | ||
| Q3 25 | $21.8M | $354.5M | ||
| Q2 25 | $106.6M | $219.8M | ||
| Q1 25 | $76.4M | $-12.3M | ||
| Q4 24 | $34.4M | $-17.3M | ||
| Q3 24 | $50.1M | $54.7M | ||
| Q2 24 | $167.4M | $-205.5M | ||
| Q1 24 | $178.9M | $-465.1M |
| Q4 25 | -1.0% | 25.4% | ||
| Q3 25 | 1.4% | 25.1% | ||
| Q2 25 | 7.9% | 16.7% | ||
| Q1 25 | 4.6% | -1.1% | ||
| Q4 24 | 2.6% | -1.5% | ||
| Q3 24 | 3.2% | 5.5% | ||
| Q2 24 | 12.3% | -22.1% | ||
| Q1 24 | 10.0% | -61.9% |
| Q4 25 | 4.5% | 2.5% | ||
| Q3 25 | 3.5% | 3.4% | ||
| Q2 25 | 3.8% | 3.3% | ||
| Q1 25 | 3.8% | 5.0% | ||
| Q4 24 | 4.6% | 8.2% | ||
| Q3 24 | 2.7% | 13.3% | ||
| Q2 24 | 2.4% | 11.8% | ||
| Q1 24 | 3.1% | 20.8% |
| Q4 25 | 0.68× | 6.28× | ||
| Q3 25 | 0.63× | 3.22× | ||
| Q2 25 | 3.42× | 2.79× | ||
| Q1 25 | 1.05× | 34.71× | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 2.61× | — | ||
| Q1 24 | 1.40× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ASO
| Outdoors | $445.1M | 32% |
| Apparel | $349.8M | 25% |
| Footwear | $292.4M | 21% |
| Sports And Recreation | $288.7M | 21% |
| Other | $7.6M | 1% |
ONC
Segment breakdown not available.
