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Side-by-side financial comparison of Maplebear Inc. (CART) 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 $992.0M, roughly 1.5× Maplebear Inc.). Maplebear Inc. runs the higher net margin — 8.2% vs 4.4%, a 3.7% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs 12.3%). BeOne Medicines Ltd. produced more free cash flow last quarter ($379.8M vs $171.0M). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% CAGR vs 10.0%).
Maplebear Inc., doing business as Instacart, is an American retail media and delivery company based in San Francisco that operates a grocery delivery and pick-up service in the United States and Canada accessible via a website and mobile app. It allows customers to order groceries, and alcohol where legal, from participating retailers with the shopping being done by a personal shopper, who picks, packs, and delivers the order.
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.
CART vs ONC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $1.5B |
| Net Profit | $81.0M | $66.5M |
| Gross Margin | 72.3% | 90.5% |
| Operating Margin | 9.9% | 12.4% |
| Net Margin | 8.2% | 4.4% |
| Revenue YoY | 12.3% | 32.8% |
| Net Profit YoY | -45.3% | 143.8% |
| EPS (diluted) | $0.31 | $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 | $992.0M | $1.5B | ||
| Q3 25 | $939.0M | $1.4B | ||
| Q2 25 | $914.0M | $1.3B | ||
| Q1 25 | $897.0M | $1.1B | ||
| Q4 24 | $883.0M | $1.1B | ||
| Q3 24 | $852.0M | $1.0B | ||
| Q2 24 | $823.0M | $929.2M | ||
| Q1 24 | $820.0M | $751.7M |
| Q4 25 | $81.0M | $66.5M | ||
| Q3 25 | $144.0M | $124.8M | ||
| Q2 25 | $116.0M | $94.3M | ||
| Q1 25 | $106.0M | $1.3M | ||
| Q4 24 | $148.0M | $-151.9M | ||
| Q3 24 | $118.0M | $-121.3M | ||
| Q2 24 | $61.0M | $-120.4M | ||
| Q1 24 | $130.0M | $-251.2M |
| Q4 25 | 72.3% | 90.5% | ||
| Q3 25 | 73.7% | 86.1% | ||
| Q2 25 | 74.2% | 87.5% | ||
| Q1 25 | 74.8% | 85.2% | ||
| Q4 24 | 75.2% | 85.8% | ||
| Q3 24 | 75.2% | 83.0% | ||
| Q2 24 | 75.7% | 85.1% | ||
| Q1 24 | 74.9% | 83.4% |
| Q4 25 | 9.9% | 12.4% | ||
| Q3 25 | 17.7% | 11.5% | ||
| Q2 25 | 13.6% | 6.7% | ||
| Q1 25 | 12.3% | 1.0% | ||
| Q4 24 | 17.6% | -7.0% | ||
| Q3 24 | 16.2% | -12.0% | ||
| Q2 24 | 6.3% | -11.5% | ||
| Q1 24 | 17.6% | -34.8% |
| Q4 25 | 8.2% | 4.4% | ||
| Q3 25 | 15.3% | 8.8% | ||
| Q2 25 | 12.7% | 7.2% | ||
| Q1 25 | 11.8% | 0.1% | ||
| Q4 24 | 16.8% | -13.5% | ||
| Q3 24 | 13.8% | -12.1% | ||
| Q2 24 | 7.4% | -13.0% | ||
| Q1 24 | 15.9% | -33.4% |
| Q4 25 | $0.31 | $0.05 | ||
| Q3 25 | $0.51 | $0.08 | ||
| Q2 25 | $0.41 | $0.06 | ||
| Q1 25 | $0.37 | $0.00 | ||
| Q4 24 | $0.53 | $-0.10 | ||
| Q3 24 | $0.42 | $-0.09 | ||
| Q2 24 | $0.20 | $-0.09 | ||
| Q1 24 | $0.43 | $-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 | $687.0M | $4.5B |
| Total DebtLower is stronger | — | $836.4M |
| Stockholders' EquityBook value | $2.5B | $4.4B |
| Total Assets | $3.7B | $8.2B |
| Debt / EquityLower = less leverage | — | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $687.0M | $4.5B | ||
| Q3 25 | $1.7B | $4.0B | ||
| Q2 25 | $1.6B | $2.8B | ||
| Q1 25 | $1.6B | $2.5B | ||
| Q4 24 | $1.4B | $2.6B | ||
| Q3 24 | $1.3B | $2.7B | ||
| Q2 24 | $1.4B | $2.6B | ||
| Q1 24 | $1.5B | $2.8B |
| Q4 25 | — | $836.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.5B | $4.4B | ||
| Q3 25 | $3.5B | $4.1B | ||
| Q2 25 | $3.3B | $3.8B | ||
| Q1 25 | $3.2B | $3.5B | ||
| Q4 24 | $3.1B | $3.3B | ||
| Q3 24 | $2.9B | $3.4B | ||
| Q2 24 | $3.0B | $3.4B | ||
| Q1 24 | $3.1B | $3.4B |
| Q4 25 | $3.7B | $8.2B | ||
| Q3 25 | $4.5B | $7.6B | ||
| Q2 25 | $4.4B | $6.3B | ||
| Q1 25 | $4.3B | $5.8B | ||
| Q4 24 | $4.1B | $5.9B | ||
| Q3 24 | $3.9B | $5.8B | ||
| Q2 24 | $4.0B | $5.7B | ||
| Q1 24 | $4.1B | $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 | $183.0M | $417.3M |
| Free Cash FlowOCF − Capex | $171.0M | $379.8M |
| FCF MarginFCF / Revenue | 17.2% | 25.4% |
| Capex IntensityCapex / Revenue | 1.2% | 2.5% |
| Cash ConversionOCF / Net Profit | 2.26× | 6.28× |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | $941.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.0M | $417.3M | ||
| Q3 25 | $287.0M | $402.6M | ||
| Q2 25 | $203.0M | $263.6M | ||
| Q1 25 | $298.0M | $44.1M | ||
| Q4 24 | $153.0M | $75.2M | ||
| Q3 24 | $185.0M | $188.4M | ||
| Q2 24 | $244.0M | $-95.6M | ||
| Q1 24 | $105.0M | $-308.6M |
| Q4 25 | $171.0M | $379.8M | ||
| Q3 25 | $272.0M | $354.5M | ||
| Q2 25 | $187.0M | $219.8M | ||
| Q1 25 | $280.0M | $-12.3M | ||
| Q4 24 | $141.0M | $-17.3M | ||
| Q3 24 | $171.0M | $54.7M | ||
| Q2 24 | $220.0M | $-205.5M | ||
| Q1 24 | $91.0M | $-465.1M |
| Q4 25 | 17.2% | 25.4% | ||
| Q3 25 | 29.0% | 25.1% | ||
| Q2 25 | 20.5% | 16.7% | ||
| Q1 25 | 31.2% | -1.1% | ||
| Q4 24 | 16.0% | -1.5% | ||
| Q3 24 | 20.1% | 5.5% | ||
| Q2 24 | 26.7% | -22.1% | ||
| Q1 24 | 11.1% | -61.9% |
| Q4 25 | 1.2% | 2.5% | ||
| Q3 25 | 1.6% | 3.4% | ||
| Q2 25 | 1.8% | 3.3% | ||
| Q1 25 | 2.0% | 5.0% | ||
| Q4 24 | 1.4% | 8.2% | ||
| Q3 24 | 1.6% | 13.3% | ||
| Q2 24 | 2.9% | 11.8% | ||
| Q1 24 | 1.7% | 20.8% |
| Q4 25 | 2.26× | 6.28× | ||
| Q3 25 | 1.99× | 3.22× | ||
| Q2 25 | 1.75× | 2.79× | ||
| Q1 25 | 2.81× | 34.71× | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 4.00× | — | ||
| Q1 24 | 0.81× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CART
| Transaction | $698.0M | 70% |
| Advertising And Other | $294.0M | 30% |
ONC
Segment breakdown not available.
