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Side-by-side financial comparison of CVR ENERGY INC (CVI) and BeOne Medicines Ltd. (ONC). Click either name above to swap in a different company.

CVR ENERGY INC is the larger business by last-quarter revenue ($2.0B vs $1.5B, roughly 1.3× BeOne Medicines Ltd.). BeOne Medicines Ltd. runs the higher net margin — 4.4% vs -8.1%, a 12.5% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs 20.3%). BeOne Medicines Ltd. produced more free cash flow last quarter ($379.8M vs $21.0M). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% CAGR vs 0.3%).

CVR Energy Inc is a United States-based energy holding company operating two core segments: petroleum refining and nitrogen fertilizer manufacturing. It produces a wide range of products including gasoline, diesel, jet fuel, and agricultural fertilizers, primarily serving commercial, industrial and agricultural customers across North America.

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

CVI vs ONC — Head-to-Head

Bigger by revenue
CVI
CVI
1.3× larger
CVI
$2.0B
$1.5B
ONC
Growing faster (revenue YoY)
ONC
ONC
+12.5% gap
ONC
32.8%
20.3%
CVI
Higher net margin
ONC
ONC
12.5% more per $
ONC
4.4%
-8.1%
CVI
More free cash flow
ONC
ONC
$358.8M more FCF
ONC
$379.8M
$21.0M
CVI
Faster 2-yr revenue CAGR
ONC
ONC
Annualised
ONC
41.2%
0.3%
CVI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CVI
CVI
ONC
ONC
Revenue
$2.0B
$1.5B
Net Profit
$-160.0M
$66.5M
Gross Margin
-5.2%
90.5%
Operating Margin
12.4%
Net Margin
-8.1%
4.4%
Revenue YoY
20.3%
32.8%
Net Profit YoY
-56.1%
143.8%
EPS (diluted)
$-1.91
$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
CVI
CVI
ONC
ONC
Q1 26
$2.0B
Q4 25
$1.8B
$1.5B
Q3 25
$1.9B
$1.4B
Q2 25
$1.8B
$1.3B
Q1 25
$1.6B
$1.1B
Q4 24
$1.9B
$1.1B
Q3 24
$1.8B
$1.0B
Q2 24
$2.0B
$929.2M
Net Profit
CVI
CVI
ONC
ONC
Q1 26
$-160.0M
Q4 25
$-110.0M
$66.5M
Q3 25
$374.0M
$124.8M
Q2 25
$-114.0M
$94.3M
Q1 25
$-123.0M
$1.3M
Q4 24
$28.0M
$-151.9M
Q3 24
$-124.0M
$-121.3M
Q2 24
$21.0M
$-120.4M
Gross Margin
CVI
CVI
ONC
ONC
Q1 26
-5.2%
Q4 25
-3.1%
90.5%
Q3 25
28.8%
86.1%
Q2 25
-3.7%
87.5%
Q1 25
-5.5%
85.2%
Q4 24
3.0%
85.8%
Q3 24
-3.9%
83.0%
Q2 24
2.9%
85.1%
Operating Margin
CVI
CVI
ONC
ONC
Q1 26
Q4 25
-5.3%
12.4%
Q3 25
26.3%
11.5%
Q2 25
-5.8%
6.7%
Q1 25
-8.0%
1.0%
Q4 24
1.1%
-7.0%
Q3 24
-6.2%
-12.0%
Q2 24
1.4%
-11.5%
Net Margin
CVI
CVI
ONC
ONC
Q1 26
-8.1%
Q4 25
-6.1%
4.4%
Q3 25
19.2%
8.8%
Q2 25
-6.5%
7.2%
Q1 25
-7.5%
0.1%
Q4 24
1.4%
-13.5%
Q3 24
-6.8%
-12.1%
Q2 24
1.1%
-13.0%
EPS (diluted)
CVI
CVI
ONC
ONC
Q1 26
$-1.91
Q4 25
$-1.09
$0.05
Q3 25
$3.72
$0.08
Q2 25
$-1.14
$0.06
Q1 25
$-1.22
$0.00
Q4 24
$0.28
$-0.10
Q3 24
$-1.24
$-0.09
Q2 24
$0.21
$-0.09

Balance Sheet & Financial Strength

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

Metric
CVI
CVI
ONC
ONC
Cash + ST InvestmentsLiquidity on hand
$512.0M
$4.5B
Total DebtLower is stronger
$836.4M
Stockholders' EquityBook value
$4.4B
Total Assets
$3.9B
$8.2B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVI
CVI
ONC
ONC
Q1 26
$512.0M
Q4 25
$511.0M
$4.5B
Q3 25
$670.0M
$4.0B
Q2 25
$596.0M
$2.8B
Q1 25
$695.0M
$2.5B
Q4 24
$987.0M
$2.6B
Q3 24
$534.0M
$2.7B
Q2 24
$586.0M
$2.6B
Total Debt
CVI
CVI
ONC
ONC
Q1 26
Q4 25
$1.8B
$836.4M
Q3 25
$1.8B
Q2 25
$1.8B
Q1 25
$1.9B
Q4 24
$1.9B
Q3 24
$1.6B
Q2 24
$1.6B
Stockholders' Equity
CVI
CVI
ONC
ONC
Q1 26
Q4 25
$730.0M
$4.4B
Q3 25
$840.0M
$4.1B
Q2 25
$466.0M
$3.8B
Q1 25
$580.0M
$3.5B
Q4 24
$703.0M
$3.3B
Q3 24
$675.0M
$3.4B
Q2 24
$849.0M
$3.4B
Total Assets
CVI
CVI
ONC
ONC
Q1 26
$3.9B
Q4 25
$3.7B
$8.2B
Q3 25
$4.0B
$7.6B
Q2 25
$4.0B
$6.3B
Q1 25
$4.3B
$5.8B
Q4 24
$4.3B
$5.9B
Q3 24
$3.9B
$5.8B
Q2 24
$4.0B
$5.7B
Debt / Equity
CVI
CVI
ONC
ONC
Q1 26
Q4 25
2.40×
0.19×
Q3 25
2.17×
Q2 25
3.97×
Q1 25
3.29×
Q4 24
2.71×
Q3 24
2.33×
Q2 24
1.86×

Cash Flow & Capital Efficiency

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

Metric
CVI
CVI
ONC
ONC
Operating Cash FlowLast quarter
$417.3M
Free Cash FlowOCF − Capex
$21.0M
$379.8M
FCF MarginFCF / Revenue
1.1%
25.4%
Capex IntensityCapex / Revenue
1.5%
2.5%
Cash ConversionOCF / Net Profit
6.28×
TTM Free Cash FlowTrailing 4 quarters
$941.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVI
CVI
ONC
ONC
Q1 26
Q4 25
$0
$417.3M
Q3 25
$163.0M
$402.6M
Q2 25
$176.0M
$263.6M
Q1 25
$-195.0M
$44.1M
Q4 24
$98.0M
$75.2M
Q3 24
$48.0M
$188.4M
Q2 24
$81.0M
$-95.6M
Free Cash Flow
CVI
CVI
ONC
ONC
Q1 26
$21.0M
Q4 25
$379.8M
Q3 25
$125.0M
$354.5M
Q2 25
$135.0M
$219.8M
Q1 25
$-246.0M
$-12.3M
Q4 24
$43.0M
$-17.3M
Q3 24
$14.0M
$54.7M
Q2 24
$38.0M
$-205.5M
FCF Margin
CVI
CVI
ONC
ONC
Q1 26
1.1%
Q4 25
25.4%
Q3 25
6.4%
25.1%
Q2 25
7.7%
16.7%
Q1 25
-14.9%
-1.1%
Q4 24
2.2%
-1.5%
Q3 24
0.8%
5.5%
Q2 24
1.9%
-22.1%
Capex Intensity
CVI
CVI
ONC
ONC
Q1 26
1.5%
Q4 25
3.0%
2.5%
Q3 25
2.0%
3.4%
Q2 25
2.3%
3.3%
Q1 25
3.1%
5.0%
Q4 24
2.8%
8.2%
Q3 24
1.9%
13.3%
Q2 24
2.2%
11.8%
Cash Conversion
CVI
CVI
ONC
ONC
Q1 26
Q4 25
6.28×
Q3 25
0.44×
3.22×
Q2 25
2.79×
Q1 25
34.71×
Q4 24
3.50×
Q3 24
Q2 24
3.86×

Financial Flow Comparison

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

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