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Side-by-side financial comparison of Huntington Ingalls Industries (HII) and BeOne Medicines Ltd. (ONC). Click either name above to swap in a different company.

Huntington Ingalls Industries is the larger business by last-quarter revenue ($1.7B vs $1.5B, roughly 1.1× BeOne Medicines Ltd.). Huntington Ingalls Industries runs the higher net margin — 8.9% vs 4.4%, a 4.5% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs 13.8%). BeOne Medicines Ltd. produced more free cash flow last quarter ($379.8M vs $-461.0M). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% CAGR vs -25.2%).

Huntington Ingalls Industries, Inc. (HII) is the largest military shipbuilding company in the United States as well as a provider of professional services to partners in government and industry. HII was formed on 31 March 2011, as a divestiture from Northrop Grumman.

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

HII vs ONC — Head-to-Head

Bigger by revenue
HII
HII
1.1× larger
HII
$1.7B
$1.5B
ONC
Growing faster (revenue YoY)
ONC
ONC
+19.0% gap
ONC
32.8%
13.8%
HII
Higher net margin
HII
HII
4.5% more per $
HII
8.9%
4.4%
ONC
More free cash flow
ONC
ONC
$840.8M more FCF
ONC
$379.8M
$-461.0M
HII
Faster 2-yr revenue CAGR
ONC
ONC
Annualised
ONC
41.2%
-25.2%
HII

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HII
HII
ONC
ONC
Revenue
$1.7B
$1.5B
Net Profit
$149.0M
$66.5M
Gross Margin
90.5%
Operating Margin
9.3%
12.4%
Net Margin
8.9%
4.4%
Revenue YoY
13.8%
32.8%
Net Profit YoY
143.8%
EPS (diluted)
$3.79
$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
HII
HII
ONC
ONC
Q1 26
$1.7B
Q4 25
$3.5B
$1.5B
Q3 25
$3.2B
$1.4B
Q2 25
$3.1B
$1.3B
Q1 25
$2.7B
$1.1B
Q4 24
$3.0B
$1.1B
Q3 24
$2.7B
$1.0B
Q2 24
$3.0B
$929.2M
Net Profit
HII
HII
ONC
ONC
Q1 26
$149.0M
Q4 25
$159.0M
$66.5M
Q3 25
$145.0M
$124.8M
Q2 25
$152.0M
$94.3M
Q1 25
$149.0M
$1.3M
Q4 24
$123.0M
$-151.9M
Q3 24
$101.0M
$-121.3M
Q2 24
$173.0M
$-120.4M
Gross Margin
HII
HII
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
HII
HII
ONC
ONC
Q1 26
9.3%
Q4 25
4.9%
12.4%
Q3 25
5.0%
11.5%
Q2 25
5.3%
6.7%
Q1 25
5.9%
1.0%
Q4 24
3.7%
-7.0%
Q3 24
3.0%
-12.0%
Q2 24
6.3%
-11.5%
Net Margin
HII
HII
ONC
ONC
Q1 26
8.9%
Q4 25
4.6%
4.4%
Q3 25
4.5%
8.8%
Q2 25
4.9%
7.2%
Q1 25
5.4%
0.1%
Q4 24
4.1%
-13.5%
Q3 24
3.7%
-12.1%
Q2 24
5.8%
-13.0%
EPS (diluted)
HII
HII
ONC
ONC
Q1 26
$3.79
Q4 25
$4.06
$0.05
Q3 25
$3.68
$0.08
Q2 25
$3.86
$0.06
Q1 25
$3.79
$0.00
Q4 24
$3.15
$-0.10
Q3 24
$2.56
$-0.09
Q2 24
$4.38
$-0.09

Balance Sheet & Financial Strength

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

Metric
HII
HII
ONC
ONC
Cash + ST InvestmentsLiquidity on hand
$216.0M
$4.5B
Total DebtLower is stronger
$2.7B
$836.4M
Stockholders' EquityBook value
$5.1B
$4.4B
Total Assets
$12.5B
$8.2B
Debt / EquityLower = less leverage
0.52×
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HII
HII
ONC
ONC
Q1 26
$216.0M
Q4 25
$4.5B
Q3 25
$4.0B
Q2 25
$2.8B
Q1 25
$2.5B
Q4 24
$2.6B
Q3 24
$2.7B
Q2 24
$2.6B
Total Debt
HII
HII
ONC
ONC
Q1 26
$2.7B
Q4 25
$2.7B
$836.4M
Q3 25
Q2 25
Q1 25
Q4 24
$2.7B
Q3 24
Q2 24
Stockholders' Equity
HII
HII
ONC
ONC
Q1 26
$5.1B
Q4 25
$5.1B
$4.4B
Q3 25
$5.0B
$4.1B
Q2 25
$4.9B
$3.8B
Q1 25
$4.8B
$3.5B
Q4 24
$4.7B
$3.3B
Q3 24
$4.2B
$3.4B
Q2 24
$4.2B
$3.4B
Total Assets
HII
HII
ONC
ONC
Q1 26
$12.5B
Q4 25
$12.7B
$8.2B
Q3 25
$12.3B
$7.6B
Q2 25
$12.1B
$6.3B
Q1 25
$12.1B
$5.8B
Q4 24
$12.1B
$5.9B
Q3 24
$11.1B
$5.8B
Q2 24
$11.3B
$5.7B
Debt / Equity
HII
HII
ONC
ONC
Q1 26
0.52×
Q4 25
0.53×
0.19×
Q3 25
Q2 25
Q1 25
Q4 24
0.58×
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
HII
HII
ONC
ONC
Operating Cash FlowLast quarter
$-390.0M
$417.3M
Free Cash FlowOCF − Capex
$-461.0M
$379.8M
FCF MarginFCF / Revenue
-27.7%
25.4%
Capex IntensityCapex / Revenue
4.4%
2.5%
Cash ConversionOCF / Net Profit
-2.62×
6.28×
TTM Free Cash FlowTrailing 4 quarters
$795.0M
$941.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HII
HII
ONC
ONC
Q1 26
$-390.0M
Q4 25
$650.0M
$417.3M
Q3 25
$118.0M
$402.6M
Q2 25
$823.0M
$263.6M
Q1 25
$-395.0M
$44.1M
Q4 24
$391.0M
$75.2M
Q3 24
$213.0M
$188.4M
Q2 24
$-9.0M
$-95.6M
Free Cash Flow
HII
HII
ONC
ONC
Q1 26
$-461.0M
Q4 25
$516.0M
$379.8M
Q3 25
$13.0M
$354.5M
Q2 25
$727.0M
$219.8M
Q1 25
$-462.0M
$-12.3M
Q4 24
$277.0M
$-17.3M
Q3 24
$125.0M
$54.7M
Q2 24
$-99.0M
$-205.5M
FCF Margin
HII
HII
ONC
ONC
Q1 26
-27.7%
Q4 25
14.8%
25.4%
Q3 25
0.4%
25.1%
Q2 25
23.6%
16.7%
Q1 25
-16.9%
-1.1%
Q4 24
9.2%
-1.5%
Q3 24
4.5%
5.5%
Q2 24
-3.3%
-22.1%
Capex Intensity
HII
HII
ONC
ONC
Q1 26
4.4%
Q4 25
3.9%
2.5%
Q3 25
3.3%
3.4%
Q2 25
3.1%
3.3%
Q1 25
2.5%
5.0%
Q4 24
3.8%
8.2%
Q3 24
3.2%
13.3%
Q2 24
3.0%
11.8%
Cash Conversion
HII
HII
ONC
ONC
Q1 26
-2.62×
Q4 25
4.09×
6.28×
Q3 25
0.81×
3.22×
Q2 25
5.41×
2.79×
Q1 25
-2.65×
34.71×
Q4 24
3.18×
Q3 24
2.11×
Q2 24
-0.05×

Financial Flow Comparison

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

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