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Side-by-side financial comparison of IES Holdings, Inc. (IESC) 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 $871.0M, roughly 1.7× IES Holdings, Inc.). IES Holdings, Inc. runs the higher net margin — 10.5% vs 4.4%, a 6.1% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs 16.2%). BeOne Medicines Ltd. produced more free cash flow last quarter ($379.8M vs $-18.9M). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% CAGR vs 11.1%).

IES Holdings, Inc., formerly known as Integrated Electrical Services, Inc., designs and installs integrated electrical and technology systems and provides infrastructure products and services to a variety of end markets, including data centers, residential housing, and commercial and industrial facilities.

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

IESC vs ONC — Head-to-Head

Bigger by revenue
ONC
ONC
1.7× larger
ONC
$1.5B
$871.0M
IESC
Growing faster (revenue YoY)
ONC
ONC
+16.6% gap
ONC
32.8%
16.2%
IESC
Higher net margin
IESC
IESC
6.1% more per $
IESC
10.5%
4.4%
ONC
More free cash flow
ONC
ONC
$398.7M more FCF
ONC
$379.8M
$-18.9M
IESC
Faster 2-yr revenue CAGR
ONC
ONC
Annualised
ONC
41.2%
11.1%
IESC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IESC
IESC
ONC
ONC
Revenue
$871.0M
$1.5B
Net Profit
$91.8M
$66.5M
Gross Margin
25.3%
90.5%
Operating Margin
11.2%
12.4%
Net Margin
10.5%
4.4%
Revenue YoY
16.2%
32.8%
Net Profit YoY
59.1%
143.8%
EPS (diluted)
$4.51
$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
IESC
IESC
ONC
ONC
Q4 25
$871.0M
$1.5B
Q3 25
$897.8M
$1.4B
Q2 25
$890.2M
$1.3B
Q1 25
$834.0M
$1.1B
Q4 24
$749.5M
$1.1B
Q3 24
$775.8M
$1.0B
Q2 24
$768.4M
$929.2M
Q1 24
$705.7M
$751.7M
Net Profit
IESC
IESC
ONC
ONC
Q4 25
$91.8M
$66.5M
Q3 25
$102.3M
$124.8M
Q2 25
$79.3M
$94.3M
Q1 25
$72.6M
$1.3M
Q4 24
$57.7M
$-151.9M
Q3 24
$65.5M
$-121.3M
Q2 24
$66.6M
$-120.4M
Q1 24
$56.8M
$-251.2M
Gross Margin
IESC
IESC
ONC
ONC
Q4 25
25.3%
90.5%
Q3 25
26.0%
86.1%
Q2 25
26.9%
87.5%
Q1 25
25.0%
85.2%
Q4 24
23.8%
85.8%
Q3 24
24.0%
83.0%
Q2 24
25.3%
85.1%
Q1 24
24.3%
83.4%
Operating Margin
IESC
IESC
ONC
ONC
Q4 25
11.2%
12.4%
Q3 25
11.6%
11.5%
Q2 25
12.6%
6.7%
Q1 25
11.1%
1.0%
Q4 24
10.0%
-7.0%
Q3 24
9.7%
-12.0%
Q2 24
11.7%
-11.5%
Q1 24
11.0%
-34.8%
Net Margin
IESC
IESC
ONC
ONC
Q4 25
10.5%
4.4%
Q3 25
11.4%
8.8%
Q2 25
8.9%
7.2%
Q1 25
8.7%
0.1%
Q4 24
7.7%
-13.5%
Q3 24
8.4%
-12.1%
Q2 24
8.7%
-13.0%
Q1 24
8.0%
-33.4%
EPS (diluted)
IESC
IESC
ONC
ONC
Q4 25
$4.51
$0.05
Q3 25
$4.99
$0.08
Q2 25
$3.81
$0.06
Q1 25
$3.50
$0.00
Q4 24
$2.72
$-0.10
Q3 24
$3.06
$-0.09
Q2 24
$2.67
$-0.09
Q1 24
$2.29
$-0.19

Balance Sheet & Financial Strength

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

Metric
IESC
IESC
ONC
ONC
Cash + ST InvestmentsLiquidity on hand
$258.7M
$4.5B
Total DebtLower is stronger
$836.4M
Stockholders' EquityBook value
$961.1M
$4.4B
Total Assets
$1.7B
$8.2B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IESC
IESC
ONC
ONC
Q4 25
$258.7M
$4.5B
Q3 25
$231.8M
$4.0B
Q2 25
$168.3M
$2.8B
Q1 25
$88.3M
$2.5B
Q4 24
$112.0M
$2.6B
Q3 24
$135.8M
$2.7B
Q2 24
$44.9M
$2.6B
Q1 24
$106.0M
$2.8B
Total Debt
IESC
IESC
ONC
ONC
Q4 25
$836.4M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IESC
IESC
ONC
ONC
Q4 25
$961.1M
$4.4B
Q3 25
$884.0M
$4.1B
Q2 25
$781.4M
$3.8B
Q1 25
$705.8M
$3.5B
Q4 24
$652.4M
$3.3B
Q3 24
$611.1M
$3.4B
Q2 24
$567.5M
$3.4B
Q1 24
$534.8M
$3.4B
Total Assets
IESC
IESC
ONC
ONC
Q4 25
$1.7B
$8.2B
Q3 25
$1.6B
$7.6B
Q2 25
$1.5B
$6.3B
Q1 25
$1.4B
$5.8B
Q4 24
$1.3B
$5.9B
Q3 24
$1.2B
$5.8B
Q2 24
$1.2B
$5.7B
Q1 24
$1.1B
$5.7B
Debt / Equity
IESC
IESC
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
IESC
IESC
ONC
ONC
Operating Cash FlowLast quarter
$27.7M
$417.3M
Free Cash FlowOCF − Capex
$-18.9M
$379.8M
FCF MarginFCF / Revenue
-2.2%
25.4%
Capex IntensityCapex / Revenue
5.3%
2.5%
Cash ConversionOCF / Net Profit
0.30×
6.28×
TTM Free Cash FlowTrailing 4 quarters
$175.9M
$941.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IESC
IESC
ONC
ONC
Q4 25
$27.7M
$417.3M
Q3 25
$132.0M
$402.6M
Q2 25
$92.0M
$263.6M
Q1 25
$24.8M
$44.1M
Q4 24
$37.3M
$75.2M
Q3 24
$92.8M
$188.4M
Q2 24
$82.9M
$-95.6M
Q1 24
$33.7M
$-308.6M
Free Cash Flow
IESC
IESC
ONC
ONC
Q4 25
$-18.9M
$379.8M
Q3 25
$112.0M
$354.5M
Q2 25
$74.8M
$219.8M
Q1 25
$7.9M
$-12.3M
Q4 24
$24.1M
$-17.3M
Q3 24
$78.5M
$54.7M
Q2 24
$65.4M
$-205.5M
Q1 24
$26.9M
$-465.1M
FCF Margin
IESC
IESC
ONC
ONC
Q4 25
-2.2%
25.4%
Q3 25
12.5%
25.1%
Q2 25
8.4%
16.7%
Q1 25
0.9%
-1.1%
Q4 24
3.2%
-1.5%
Q3 24
10.1%
5.5%
Q2 24
8.5%
-22.1%
Q1 24
3.8%
-61.9%
Capex Intensity
IESC
IESC
ONC
ONC
Q4 25
5.3%
2.5%
Q3 25
2.2%
3.4%
Q2 25
1.9%
3.3%
Q1 25
2.0%
5.0%
Q4 24
1.8%
8.2%
Q3 24
1.8%
13.3%
Q2 24
2.3%
11.8%
Q1 24
1.0%
20.8%
Cash Conversion
IESC
IESC
ONC
ONC
Q4 25
0.30×
6.28×
Q3 25
1.29×
3.22×
Q2 25
1.16×
2.79×
Q1 25
0.34×
34.71×
Q4 24
0.65×
Q3 24
1.42×
Q2 24
1.24×
Q1 24
0.59×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IESC
IESC

Communications$351.9M40%
Single Family Electrical Contracts$137.0M16%
Custom Engineered Solutions$116.0M13%
Commercialand Industrial$94.8M11%
Single Family Contracts Plumbing HVAC$82.9M10%
Multi Familyand Other$64.2M7%
Industrial Services$24.2M3%

ONC
ONC

Segment breakdown not available.

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