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Side-by-side financial comparison of AvalonBay Communities (AVB) 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 $767.9M, roughly 2.0× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 4.4%, a 9036.1% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $379.8M). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% CAGR vs 3.8%).

AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.

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

AVB vs ONC — Head-to-Head

Bigger by revenue
ONC
ONC
2.0× larger
ONC
$1.5B
$767.9M
AVB
Growing faster (revenue YoY)
ONC
ONC
+29.2% gap
ONC
32.8%
3.7%
AVB
Higher net margin
AVB
AVB
9036.1% more per $
AVB
9040.6%
4.4%
ONC
More free cash flow
AVB
AVB
$1.0B more FCF
AVB
$1.4B
$379.8M
ONC
Faster 2-yr revenue CAGR
ONC
ONC
Annualised
ONC
41.2%
3.8%
AVB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVB
AVB
ONC
ONC
Revenue
$767.9M
$1.5B
Net Profit
$166.0M
$66.5M
Gross Margin
90.5%
Operating Margin
64.2%
12.4%
Net Margin
9040.6%
4.4%
Revenue YoY
3.7%
32.8%
Net Profit YoY
-41.2%
143.8%
EPS (diluted)
$1.18
$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
AVB
AVB
ONC
ONC
Q4 25
$767.9M
$1.5B
Q3 25
$766.8M
$1.4B
Q2 25
$760.2M
$1.3B
Q1 25
$745.9M
$1.1B
Q4 24
$740.5M
$1.1B
Q3 24
$734.3M
$1.0B
Q2 24
$726.0M
$929.2M
Q1 24
$712.9M
$751.7M
Net Profit
AVB
AVB
ONC
ONC
Q4 25
$166.0M
$66.5M
Q3 25
$381.3M
$124.8M
Q2 25
$268.7M
$94.3M
Q1 25
$236.6M
$1.3M
Q4 24
$282.1M
$-151.9M
Q3 24
$372.5M
$-121.3M
Q2 24
$253.9M
$-120.4M
Q1 24
$173.4M
$-251.2M
Gross Margin
AVB
AVB
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
AVB
AVB
ONC
ONC
Q4 25
64.2%
12.4%
Q3 25
65.7%
11.5%
Q2 25
67.6%
6.7%
Q1 25
68.5%
1.0%
Q4 24
63.1%
-7.0%
Q3 24
65.4%
-12.0%
Q2 24
66.6%
-11.5%
Q1 24
67.2%
-34.8%
Net Margin
AVB
AVB
ONC
ONC
Q4 25
9040.6%
4.4%
Q3 25
49.7%
8.8%
Q2 25
35.3%
7.2%
Q1 25
31.7%
0.1%
Q4 24
38.1%
-13.5%
Q3 24
50.7%
-12.1%
Q2 24
35.0%
-13.0%
Q1 24
24.3%
-33.4%
EPS (diluted)
AVB
AVB
ONC
ONC
Q4 25
$1.18
$0.05
Q3 25
$2.68
$0.08
Q2 25
$1.88
$0.06
Q1 25
$1.66
$0.00
Q4 24
$1.99
$-0.10
Q3 24
$2.61
$-0.09
Q2 24
$1.78
$-0.09
Q1 24
$1.22
$-0.19

Balance Sheet & Financial Strength

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

Metric
AVB
AVB
ONC
ONC
Cash + ST InvestmentsLiquidity on hand
$187.2M
$4.5B
Total DebtLower is stronger
$9.3B
$836.4M
Stockholders' EquityBook value
$11.6B
$4.4B
Total Assets
$22.2B
$8.2B
Debt / EquityLower = less leverage
0.80×
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVB
AVB
ONC
ONC
Q4 25
$187.2M
$4.5B
Q3 25
$123.3M
$4.0B
Q2 25
$102.8M
$2.8B
Q1 25
$53.3M
$2.5B
Q4 24
$108.6M
$2.6B
Q3 24
$552.4M
$2.7B
Q2 24
$545.8M
$2.6B
Q1 24
$287.9M
$2.8B
Total Debt
AVB
AVB
ONC
ONC
Q4 25
$9.3B
$836.4M
Q3 25
$8.7B
Q2 25
$8.7B
Q1 25
$8.3B
Q4 24
$8.1B
Q3 24
$8.4B
Q2 24
$8.4B
Q1 24
$8.0B
Stockholders' Equity
AVB
AVB
ONC
ONC
Q4 25
$11.6B
$4.4B
Q3 25
$11.9B
$4.1B
Q2 25
$11.9B
$3.8B
Q1 25
$11.9B
$3.5B
Q4 24
$11.9B
$3.3B
Q3 24
$11.9B
$3.4B
Q2 24
$11.7B
$3.4B
Q1 24
$11.7B
$3.4B
Total Assets
AVB
AVB
ONC
ONC
Q4 25
$22.2B
$8.2B
Q3 25
$21.9B
$7.6B
Q2 25
$21.8B
$6.3B
Q1 25
$21.2B
$5.8B
Q4 24
$21.0B
$5.9B
Q3 24
$21.3B
$5.8B
Q2 24
$21.0B
$5.7B
Q1 24
$20.6B
$5.7B
Debt / Equity
AVB
AVB
ONC
ONC
Q4 25
0.80×
0.19×
Q3 25
0.73×
Q2 25
0.72×
Q1 25
0.70×
Q4 24
0.68×
Q3 24
0.70×
Q2 24
0.71×
Q1 24
0.68×

Cash Flow & Capital Efficiency

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

Metric
AVB
AVB
ONC
ONC
Operating Cash FlowLast quarter
$1.7B
$417.3M
Free Cash FlowOCF − Capex
$1.4B
$379.8M
FCF MarginFCF / Revenue
183.5%
25.4%
Capex IntensityCapex / Revenue
34.1%
2.5%
Cash ConversionOCF / Net Profit
10.07×
6.28×
TTM Free Cash FlowTrailing 4 quarters
$2.5B
$941.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVB
AVB
ONC
ONC
Q4 25
$1.7B
$417.3M
Q3 25
$477.0M
$402.6M
Q2 25
$377.8M
$263.6M
Q1 25
$415.9M
$44.1M
Q4 24
$1.6B
$75.2M
Q3 24
$486.2M
$188.4M
Q2 24
$380.0M
$-95.6M
Q1 24
$412.9M
$-308.6M
Free Cash Flow
AVB
AVB
ONC
ONC
Q4 25
$1.4B
$379.8M
Q3 25
$402.2M
$354.5M
Q2 25
$317.1M
$219.8M
Q1 25
$367.5M
$-12.3M
Q4 24
$1.4B
$-17.3M
Q3 24
$434.2M
$54.7M
Q2 24
$333.0M
$-205.5M
Q1 24
$375.4M
$-465.1M
FCF Margin
AVB
AVB
ONC
ONC
Q4 25
183.5%
25.4%
Q3 25
52.5%
25.1%
Q2 25
41.7%
16.7%
Q1 25
49.3%
-1.1%
Q4 24
191.0%
-1.5%
Q3 24
59.1%
5.5%
Q2 24
45.9%
-22.1%
Q1 24
52.7%
-61.9%
Capex Intensity
AVB
AVB
ONC
ONC
Q4 25
34.1%
2.5%
Q3 25
9.8%
3.4%
Q2 25
8.0%
3.3%
Q1 25
6.5%
5.0%
Q4 24
26.1%
8.2%
Q3 24
7.1%
13.3%
Q2 24
6.5%
11.8%
Q1 24
5.3%
20.8%
Cash Conversion
AVB
AVB
ONC
ONC
Q4 25
10.07×
6.28×
Q3 25
1.25×
3.22×
Q2 25
1.41×
2.79×
Q1 25
1.76×
34.71×
Q4 24
5.70×
Q3 24
1.31×
Q2 24
1.50×
Q1 24
2.38×

Financial Flow Comparison

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

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