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Side-by-side financial comparison of CrowdStrike (CRWD) 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 $1.2B, roughly 1.2× CrowdStrike). BeOne Medicines Ltd. runs the higher net margin — 4.4% vs -2.8%, a 7.2% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs 22.2%). BeOne Medicines Ltd. produced more free cash flow last quarter ($379.8M vs $314.1M). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% CAGR vs 20.8%).

CrowdStrike Holdings, Inc. is an American cybersecurity technology company based in Austin, Texas. It provides endpoint security, threat intelligence, and cyberattack response services.

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

CRWD vs ONC — Head-to-Head

Bigger by revenue
ONC
ONC
1.2× larger
ONC
$1.5B
$1.2B
CRWD
Growing faster (revenue YoY)
ONC
ONC
+10.7% gap
ONC
32.8%
22.2%
CRWD
Higher net margin
ONC
ONC
7.2% more per $
ONC
4.4%
-2.8%
CRWD
More free cash flow
ONC
ONC
$65.7M more FCF
ONC
$379.8M
$314.1M
CRWD
Faster 2-yr revenue CAGR
ONC
ONC
Annualised
ONC
41.2%
20.8%
CRWD

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
CRWD
CRWD
ONC
ONC
Revenue
$1.2B
$1.5B
Net Profit
$-34.0M
$66.5M
Gross Margin
75.1%
90.5%
Operating Margin
-5.6%
12.4%
Net Margin
-2.8%
4.4%
Revenue YoY
22.2%
32.8%
Net Profit YoY
-102.1%
143.8%
EPS (diluted)
$-0.14
$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
CRWD
CRWD
ONC
ONC
Q4 25
$1.2B
$1.5B
Q3 25
$1.2B
$1.4B
Q2 25
$1.1B
$1.3B
Q1 25
$1.1B
$1.1B
Q4 24
$1.0B
$1.1B
Q3 24
$963.9M
$1.0B
Q2 24
$921.0M
$929.2M
Q1 24
$845.3M
$751.7M
Net Profit
CRWD
CRWD
ONC
ONC
Q4 25
$-34.0M
$66.5M
Q3 25
$-77.7M
$124.8M
Q2 25
$-110.2M
$94.3M
Q1 25
$-92.3M
$1.3M
Q4 24
$-16.8M
$-151.9M
Q3 24
$47.0M
$-121.3M
Q2 24
$42.8M
$-120.4M
Q1 24
$53.7M
$-251.2M
Gross Margin
CRWD
CRWD
ONC
ONC
Q4 25
75.1%
90.5%
Q3 25
73.5%
86.1%
Q2 25
73.8%
87.5%
Q1 25
74.1%
85.2%
Q4 24
74.7%
85.8%
Q3 24
75.4%
83.0%
Q2 24
75.6%
85.1%
Q1 24
75.3%
83.4%
Operating Margin
CRWD
CRWD
ONC
ONC
Q4 25
-5.6%
12.4%
Q3 25
-9.7%
11.5%
Q2 25
-11.3%
6.7%
Q1 25
-8.1%
1.0%
Q4 24
-5.5%
-7.0%
Q3 24
1.4%
-12.0%
Q2 24
0.8%
-11.5%
Q1 24
3.5%
-34.8%
Net Margin
CRWD
CRWD
ONC
ONC
Q4 25
-2.8%
4.4%
Q3 25
-6.6%
8.8%
Q2 25
-10.0%
7.2%
Q1 25
-8.7%
0.1%
Q4 24
-1.7%
-13.5%
Q3 24
4.9%
-12.1%
Q2 24
4.6%
-13.0%
Q1 24
6.4%
-33.4%
EPS (diluted)
CRWD
CRWD
ONC
ONC
Q4 25
$-0.14
$0.05
Q3 25
$-0.31
$0.08
Q2 25
$-0.44
$0.06
Q1 25
$-0.37
$0.00
Q4 24
$-0.07
$-0.10
Q3 24
$0.19
$-0.09
Q2 24
$0.17
$-0.09
Q1 24
$0.23
$-0.19

Balance Sheet & Financial Strength

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

Metric
CRWD
CRWD
ONC
ONC
Cash + ST InvestmentsLiquidity on hand
$4.8B
$4.5B
Total DebtLower is stronger
$836.4M
Stockholders' EquityBook value
$4.0B
$4.4B
Total Assets
$10.0B
$8.2B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRWD
CRWD
ONC
ONC
Q4 25
$4.8B
$4.5B
Q3 25
$5.0B
$4.0B
Q2 25
$4.6B
$2.8B
Q1 25
$4.3B
$2.5B
Q4 24
$4.3B
$2.6B
Q3 24
$4.0B
$2.7B
Q2 24
$3.7B
$2.6B
Q1 24
$3.5B
$2.8B
Total Debt
CRWD
CRWD
ONC
ONC
Q4 25
$836.4M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CRWD
CRWD
ONC
ONC
Q4 25
$4.0B
$4.4B
Q3 25
$3.8B
$4.1B
Q2 25
$3.5B
$3.8B
Q1 25
$3.3B
$3.5B
Q4 24
$3.1B
$3.3B
Q3 24
$2.9B
$3.4B
Q2 24
$2.5B
$3.4B
Q1 24
$2.3B
$3.4B
Total Assets
CRWD
CRWD
ONC
ONC
Q4 25
$10.0B
$8.2B
Q3 25
$9.3B
$7.6B
Q2 25
$8.7B
$6.3B
Q1 25
$8.7B
$5.8B
Q4 24
$7.8B
$5.9B
Q3 24
$7.2B
$5.8B
Q2 24
$6.8B
$5.7B
Q1 24
$6.6B
$5.7B
Debt / Equity
CRWD
CRWD
ONC
ONC
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
CRWD
CRWD
ONC
ONC
Operating Cash FlowLast quarter
$397.5M
$417.3M
Free Cash FlowOCF − Capex
$314.1M
$379.8M
FCF MarginFCF / Revenue
25.5%
25.4%
Capex IntensityCapex / Revenue
6.8%
2.5%
Cash ConversionOCF / Net Profit
6.28×
TTM Free Cash FlowTrailing 4 quarters
$1.2B
$941.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRWD
CRWD
ONC
ONC
Q4 25
$397.5M
$417.3M
Q3 25
$332.8M
$402.6M
Q2 25
$384.1M
$263.6M
Q1 25
$345.7M
$44.1M
Q4 24
$326.1M
$75.2M
Q3 24
$326.6M
$188.4M
Q2 24
$383.2M
$-95.6M
Q1 24
$347.0M
$-308.6M
Free Cash Flow
CRWD
CRWD
ONC
ONC
Q4 25
$314.1M
$379.8M
Q3 25
$302.3M
$354.5M
Q2 25
$298.4M
$219.8M
Q1 25
$258.5M
$-12.3M
Q4 24
$247.4M
$-17.3M
Q3 24
$287.4M
$54.7M
Q2 24
$333.5M
$-205.5M
Q1 24
$294.4M
$-465.1M
FCF Margin
CRWD
CRWD
ONC
ONC
Q4 25
25.5%
25.4%
Q3 25
25.9%
25.1%
Q2 25
27.0%
16.7%
Q1 25
24.4%
-1.1%
Q4 24
24.5%
-1.5%
Q3 24
29.8%
5.5%
Q2 24
36.2%
-22.1%
Q1 24
34.8%
-61.9%
Capex Intensity
CRWD
CRWD
ONC
ONC
Q4 25
6.8%
2.5%
Q3 25
2.6%
3.4%
Q2 25
7.8%
3.3%
Q1 25
8.2%
5.0%
Q4 24
7.8%
8.2%
Q3 24
4.1%
13.3%
Q2 24
5.4%
11.8%
Q1 24
6.2%
20.8%
Cash Conversion
CRWD
CRWD
ONC
ONC
Q4 25
6.28×
Q3 25
3.22×
Q2 25
2.79×
Q1 25
34.71×
Q4 24
Q3 24
6.95×
Q2 24
8.95×
Q1 24
6.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CRWD
CRWD

Subscription And Circulation$1.2B95%
Professional Services$65.5M5%

ONC
ONC

Segment breakdown not available.

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