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Side-by-side financial comparison of Digital Realty (DLR) and BeOne Medicines Ltd. (ONC). Click either name above to swap in a different company.

Digital Realty is the larger business by last-quarter revenue ($1.6B vs $1.5B, roughly 1.1× BeOne Medicines Ltd.). Digital Realty runs the higher net margin — 6.0% vs 4.4%, a 1.6% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs 16.1%). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% CAGR vs 9.8%).

Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.

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

DLR vs ONC — Head-to-Head

Bigger by revenue
DLR
DLR
1.1× larger
DLR
$1.6B
$1.5B
ONC
Growing faster (revenue YoY)
ONC
ONC
+16.7% gap
ONC
32.8%
16.1%
DLR
Higher net margin
DLR
DLR
1.6% more per $
DLR
6.0%
4.4%
ONC
Faster 2-yr revenue CAGR
ONC
ONC
Annualised
ONC
41.2%
9.8%
DLR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DLR
DLR
ONC
ONC
Revenue
$1.6B
$1.5B
Net Profit
$98.6M
$66.5M
Gross Margin
90.5%
Operating Margin
6.9%
12.4%
Net Margin
6.0%
4.4%
Revenue YoY
16.1%
32.8%
Net Profit YoY
-10.3%
143.8%
EPS (diluted)
$0.22
$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
DLR
DLR
ONC
ONC
Q1 26
$1.6B
Q4 25
$1.6B
$1.5B
Q3 25
$1.6B
$1.4B
Q2 25
$1.5B
$1.3B
Q1 25
$1.4B
$1.1B
Q4 24
$1.4B
$1.1B
Q3 24
$1.4B
$1.0B
Q2 24
$1.4B
$929.2M
Net Profit
DLR
DLR
ONC
ONC
Q1 26
$98.6M
Q4 25
$98.6M
$66.5M
Q3 25
$67.8M
$124.8M
Q2 25
$1.0B
$94.3M
Q1 25
$110.0M
$1.3M
Q4 24
$189.6M
$-151.9M
Q3 24
$51.2M
$-121.3M
Q2 24
$80.2M
$-120.4M
Gross Margin
DLR
DLR
ONC
ONC
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%
Operating Margin
DLR
DLR
ONC
ONC
Q1 26
6.9%
Q4 25
6.9%
12.4%
Q3 25
8.8%
11.5%
Q2 25
14.2%
6.7%
Q1 25
13.9%
1.0%
Q4 24
10.1%
-7.0%
Q3 24
11.8%
-12.0%
Q2 24
0.7%
-11.5%
Net Margin
DLR
DLR
ONC
ONC
Q1 26
6.0%
Q4 25
6.0%
4.4%
Q3 25
4.3%
8.8%
Q2 25
69.1%
7.2%
Q1 25
7.8%
0.1%
Q4 24
13.2%
-13.5%
Q3 24
3.6%
-12.1%
Q2 24
5.9%
-13.0%
EPS (diluted)
DLR
DLR
ONC
ONC
Q1 26
$0.22
Q4 25
$0.22
$0.05
Q3 25
$0.15
$0.08
Q2 25
$2.94
$0.06
Q1 25
$0.27
$0.00
Q4 24
$0.50
$-0.10
Q3 24
$0.09
$-0.09
Q2 24
$0.20
$-0.09

Balance Sheet & Financial Strength

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

Metric
DLR
DLR
ONC
ONC
Cash + ST InvestmentsLiquidity on hand
$3.5B
$4.5B
Total DebtLower is stronger
$836.4M
Stockholders' EquityBook value
$22.9B
$4.4B
Total Assets
$49.4B
$8.2B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLR
DLR
ONC
ONC
Q1 26
$3.5B
Q4 25
$3.5B
$4.5B
Q3 25
$3.3B
$4.0B
Q2 25
$3.6B
$2.8B
Q1 25
$2.3B
$2.5B
Q4 24
$3.9B
$2.6B
Q3 24
$2.2B
$2.7B
Q2 24
$2.3B
$2.6B
Total Debt
DLR
DLR
ONC
ONC
Q1 26
Q4 25
$836.4M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
DLR
DLR
ONC
ONC
Q1 26
$22.9B
Q4 25
$22.9B
$4.4B
Q3 25
$23.0B
$4.1B
Q2 25
$22.9B
$3.8B
Q1 25
$21.3B
$3.5B
Q4 24
$21.3B
$3.3B
Q3 24
$21.2B
$3.4B
Q2 24
$20.5B
$3.4B
Total Assets
DLR
DLR
ONC
ONC
Q1 26
$49.4B
Q4 25
$49.4B
$8.2B
Q3 25
$48.7B
$7.6B
Q2 25
$48.7B
$6.3B
Q1 25
$45.1B
$5.8B
Q4 24
$45.3B
$5.9B
Q3 24
$45.3B
$5.8B
Q2 24
$43.6B
$5.7B
Debt / Equity
DLR
DLR
ONC
ONC
Q1 26
Q4 25
0.19×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
DLR
DLR
ONC
ONC
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.

Operating Cash Flow
DLR
DLR
ONC
ONC
Q1 26
Q4 25
$719.0M
$417.3M
Q3 25
$652.9M
$402.6M
Q2 25
$641.2M
$263.6M
Q1 25
$399.1M
$44.1M
Q4 24
$769.5M
$75.2M
Q3 24
$566.5M
$188.4M
Q2 24
$573.2M
$-95.6M
Free Cash Flow
DLR
DLR
ONC
ONC
Q1 26
Q4 25
$379.8M
Q3 25
$354.5M
Q2 25
$219.8M
Q1 25
$-12.3M
Q4 24
$-17.3M
Q3 24
$54.7M
Q2 24
$-205.5M
FCF Margin
DLR
DLR
ONC
ONC
Q1 26
Q4 25
25.4%
Q3 25
25.1%
Q2 25
16.7%
Q1 25
-1.1%
Q4 24
-1.5%
Q3 24
5.5%
Q2 24
-22.1%
Capex Intensity
DLR
DLR
ONC
ONC
Q1 26
Q4 25
2.5%
Q3 25
3.4%
Q2 25
3.3%
Q1 25
5.0%
Q4 24
8.2%
Q3 24
13.3%
Q2 24
11.8%
Cash Conversion
DLR
DLR
ONC
ONC
Q1 26
Q4 25
7.29×
6.28×
Q3 25
9.63×
3.22×
Q2 25
0.62×
2.79×
Q1 25
3.63×
34.71×
Q4 24
4.06×
Q3 24
11.07×
Q2 24
7.15×

Financial Flow Comparison

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

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