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Side-by-side financial comparison of BOYD GAMING CORP (BYD) 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 $997.4M, roughly 1.5× BOYD GAMING CORP). BOYD GAMING CORP runs the higher net margin — 10.5% vs 4.4%, a 6.0% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs 0.6%). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% CAGR vs 1.5%).
Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.
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.
BYD vs ONC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $997.4M | $1.5B |
| Net Profit | $104.3M | $66.5M |
| Gross Margin | — | 90.5% |
| Operating Margin | 16.4% | 12.4% |
| Net Margin | 10.5% | 4.4% |
| Revenue YoY | 0.6% | 32.8% |
| Net Profit YoY | -5.9% | 143.8% |
| EPS (diluted) | $1.37 | $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.
| Q1 26 | $997.4M | — | ||
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.0B | $1.4B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $991.6M | $1.1B | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $961.2M | $1.0B | ||
| Q2 24 | $967.5M | $929.2M |
| Q1 26 | $104.3M | — | ||
| Q4 25 | $140.4M | $66.5M | ||
| Q3 25 | $1.4B | $124.8M | ||
| Q2 25 | $151.5M | $94.3M | ||
| Q1 25 | $111.4M | $1.3M | ||
| Q4 24 | $170.5M | $-151.9M | ||
| Q3 24 | $131.1M | $-121.3M | ||
| Q2 24 | $139.8M | $-120.4M |
| 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% |
| Q1 26 | 16.4% | — | ||
| Q4 25 | 15.7% | 12.4% | ||
| Q3 25 | 13.9% | 11.5% | ||
| Q2 25 | 23.4% | 6.7% | ||
| Q1 25 | 20.2% | 1.0% | ||
| Q4 24 | 25.1% | -7.0% | ||
| Q3 24 | 22.9% | -12.0% | ||
| Q2 24 | 23.5% | -11.5% |
| Q1 26 | 10.5% | — | ||
| Q4 25 | 13.2% | 4.4% | ||
| Q3 25 | 143.4% | 8.8% | ||
| Q2 25 | 14.6% | 7.2% | ||
| Q1 25 | 11.2% | 0.1% | ||
| Q4 24 | 16.4% | -13.5% | ||
| Q3 24 | 13.6% | -12.1% | ||
| Q2 24 | 14.5% | -13.0% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $1.60 | $0.05 | ||
| Q3 25 | $17.81 | $0.08 | ||
| Q2 25 | $1.84 | $0.06 | ||
| Q1 25 | $1.31 | $0.00 | ||
| Q4 24 | $1.89 | $-0.10 | ||
| Q3 24 | $1.43 | $-0.09 | ||
| Q2 24 | $1.47 | $-0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.5B |
| Total DebtLower is stronger | — | $836.4M |
| Stockholders' EquityBook value | — | $4.4B |
| Total Assets | — | $8.2B |
| Debt / EquityLower = less leverage | — | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $353.4M | $4.5B | ||
| Q3 25 | $319.1M | $4.0B | ||
| Q2 25 | $320.1M | $2.8B | ||
| Q1 25 | $311.5M | $2.5B | ||
| Q4 24 | $316.7M | $2.6B | ||
| Q3 24 | $286.3M | $2.7B | ||
| Q2 24 | $280.8M | $2.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | $836.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.0B | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $4.4B | ||
| Q3 25 | $2.7B | $4.1B | ||
| Q2 25 | $1.4B | $3.8B | ||
| Q1 25 | $1.3B | $3.5B | ||
| Q4 24 | $1.6B | $3.3B | ||
| Q3 24 | $1.6B | $3.4B | ||
| Q2 24 | $1.7B | $3.4B |
| Q1 26 | — | — | ||
| Q4 25 | $6.6B | $8.2B | ||
| Q3 25 | $6.5B | $7.6B | ||
| Q2 25 | $6.6B | $6.3B | ||
| Q1 25 | $6.5B | $5.8B | ||
| Q4 24 | $6.4B | $5.9B | ||
| Q3 24 | $6.3B | $5.8B | ||
| Q2 24 | $6.3B | $5.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.56× | — | ||
| Q1 25 | 2.61× | — | ||
| Q4 24 | 2.01× | — | ||
| Q3 24 | 1.88× | — | ||
| Q2 24 | 1.73× | — |
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 | — | $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.
| Q1 26 | — | — | ||
| Q4 25 | $275.3M | $417.3M | ||
| Q3 25 | $240.0M | $402.6M | ||
| Q2 25 | $205.0M | $263.6M | ||
| Q1 25 | $256.4M | $44.1M | ||
| Q4 24 | $262.1M | $75.2M | ||
| Q3 24 | $231.2M | $188.4M | ||
| Q2 24 | $213.1M | $-95.6M |
| Q1 26 | — | — | ||
| Q4 25 | $127.0M | $379.8M | ||
| Q3 25 | $94.4M | $354.5M | ||
| Q2 25 | $80.6M | $219.8M | ||
| Q1 25 | $86.5M | $-12.3M | ||
| Q4 24 | $150.9M | $-17.3M | ||
| Q3 24 | $146.0M | $54.7M | ||
| Q2 24 | $98.7M | $-205.5M |
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | 25.4% | ||
| Q3 25 | 9.4% | 25.1% | ||
| Q2 25 | 7.8% | 16.7% | ||
| Q1 25 | 8.7% | -1.1% | ||
| Q4 24 | 14.5% | -1.5% | ||
| Q3 24 | 15.2% | 5.5% | ||
| Q2 24 | 10.2% | -22.1% |
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | 2.5% | ||
| Q3 25 | 14.5% | 3.4% | ||
| Q2 25 | 12.0% | 3.3% | ||
| Q1 25 | 17.1% | 5.0% | ||
| Q4 24 | 10.7% | 8.2% | ||
| Q3 24 | 8.9% | 13.3% | ||
| Q2 24 | 11.8% | 11.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.96× | 6.28× | ||
| Q3 25 | 0.17× | 3.22× | ||
| Q2 25 | 1.35× | 2.79× | ||
| Q1 25 | 2.30× | 34.71× | ||
| Q4 24 | 1.54× | — | ||
| Q3 24 | 1.76× | — | ||
| Q2 24 | 1.52× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BYD
| Gaming | $650.5M | 65% |
| Online reimbursements | $135.4M | 14% |
| Food & beverage | $75.8M | 8% |
| Other | $63.5M | 6% |
| Room | $45.9M | 5% |
| Management fee | $26.2M | 3% |
ONC
Segment breakdown not available.
