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Side-by-side financial comparison of KIRBY CORP (KEX) 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 $844.1M, roughly 1.8× KIRBY CORP). KIRBY CORP runs the higher net margin — 9.6% vs 4.4%, a 5.2% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs 7.4%). BeOne Medicines Ltd. produced more free cash flow last quarter ($379.8M vs $49.4M). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% CAGR vs 1.2%).

Kirby Corporation, headquartered in Houston, Texas, is the largest tank barge operator in the United States, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, along all three U.S. Coasts, and in Alaska and Hawaii. Products transported by Kirby include petrochemicals, black oil, refined petroleum products, and agricultural chemical products by tank barge. Kirby also owns and operates eight ocean-going barge and tug units transporting ...

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

KEX vs ONC — Head-to-Head

Bigger by revenue
ONC
ONC
1.8× larger
ONC
$1.5B
$844.1M
KEX
Growing faster (revenue YoY)
ONC
ONC
+25.4% gap
ONC
32.8%
7.4%
KEX
Higher net margin
KEX
KEX
5.2% more per $
KEX
9.6%
4.4%
ONC
More free cash flow
ONC
ONC
$330.4M more FCF
ONC
$379.8M
$49.4M
KEX
Faster 2-yr revenue CAGR
ONC
ONC
Annualised
ONC
41.2%
1.2%
KEX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
KEX
KEX
ONC
ONC
Revenue
$844.1M
$1.5B
Net Profit
$81.3M
$66.5M
Gross Margin
90.5%
Operating Margin
12.8%
12.4%
Net Margin
9.6%
4.4%
Revenue YoY
7.4%
32.8%
Net Profit YoY
6.6%
143.8%
EPS (diluted)
$1.50
$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
KEX
KEX
ONC
ONC
Q1 26
$844.1M
Q4 25
$851.8M
$1.5B
Q3 25
$871.2M
$1.4B
Q2 25
$855.5M
$1.3B
Q1 25
$785.7M
$1.1B
Q4 24
$802.3M
$1.1B
Q3 24
$831.1M
$1.0B
Q2 24
$824.4M
$929.2M
Net Profit
KEX
KEX
ONC
ONC
Q1 26
$81.3M
Q4 25
$91.8M
$66.5M
Q3 25
$92.5M
$124.8M
Q2 25
$94.3M
$94.3M
Q1 25
$76.0M
$1.3M
Q4 24
$42.8M
$-151.9M
Q3 24
$90.0M
$-121.3M
Q2 24
$83.9M
$-120.4M
Gross Margin
KEX
KEX
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
KEX
KEX
ONC
ONC
Q1 26
12.8%
Q4 25
15.2%
12.4%
Q3 25
14.8%
11.5%
Q2 25
15.4%
6.7%
Q1 25
13.4%
1.0%
Q4 24
6.3%
-7.0%
Q3 24
15.3%
-12.0%
Q2 24
14.6%
-11.5%
Net Margin
KEX
KEX
ONC
ONC
Q1 26
9.6%
Q4 25
10.8%
4.4%
Q3 25
10.6%
8.8%
Q2 25
11.0%
7.2%
Q1 25
9.7%
0.1%
Q4 24
5.3%
-13.5%
Q3 24
10.8%
-12.1%
Q2 24
10.2%
-13.0%
EPS (diluted)
KEX
KEX
ONC
ONC
Q1 26
$1.50
Q4 25
$1.68
$0.05
Q3 25
$1.65
$0.08
Q2 25
$1.67
$0.06
Q1 25
$1.33
$0.00
Q4 24
$0.74
$-0.10
Q3 24
$1.55
$-0.09
Q2 24
$1.43
$-0.09

Balance Sheet & Financial Strength

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

Metric
KEX
KEX
ONC
ONC
Cash + ST InvestmentsLiquidity on hand
$58.0M
$4.5B
Total DebtLower is stronger
$836.4M
Stockholders' EquityBook value
$3.4B
$4.4B
Total Assets
$8.2B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KEX
KEX
ONC
ONC
Q1 26
$58.0M
Q4 25
$78.8M
$4.5B
Q3 25
$47.0M
$4.0B
Q2 25
$68.4M
$2.8B
Q1 25
$51.1M
$2.5B
Q4 24
$74.4M
$2.6B
Q3 24
$67.1M
$2.7B
Q2 24
$53.5M
$2.6B
Total Debt
KEX
KEX
ONC
ONC
Q1 26
Q4 25
$919.3M
$836.4M
Q3 25
$1.0B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$874.9M
Q3 24
$978.6M
Q2 24
$1.0B
Stockholders' Equity
KEX
KEX
ONC
ONC
Q1 26
$3.4B
Q4 25
$3.4B
$4.4B
Q3 25
$3.4B
$4.1B
Q2 25
$3.4B
$3.8B
Q1 25
$3.3B
$3.5B
Q4 24
$3.4B
$3.3B
Q3 24
$3.3B
$3.4B
Q2 24
$3.3B
$3.4B
Total Assets
KEX
KEX
ONC
ONC
Q1 26
Q4 25
$6.0B
$8.2B
Q3 25
$6.1B
$7.6B
Q2 25
$6.1B
$6.3B
Q1 25
$6.0B
$5.8B
Q4 24
$5.9B
$5.9B
Q3 24
$5.9B
$5.8B
Q2 24
$5.9B
$5.7B
Debt / Equity
KEX
KEX
ONC
ONC
Q1 26
Q4 25
0.27×
0.19×
Q3 25
0.31×
Q2 25
0.33×
Q1 25
0.33×
Q4 24
0.26×
Q3 24
0.30×
Q2 24
0.32×

Cash Flow & Capital Efficiency

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

Metric
KEX
KEX
ONC
ONC
Operating Cash FlowLast quarter
$97.7M
$417.3M
Free Cash FlowOCF − Capex
$49.4M
$379.8M
FCF MarginFCF / Revenue
5.9%
25.4%
Capex IntensityCapex / Revenue
5.7%
2.5%
Cash ConversionOCF / Net Profit
1.20×
6.28×
TTM Free Cash FlowTrailing 4 quarters
$497.3M
$941.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KEX
KEX
ONC
ONC
Q1 26
$97.7M
Q4 25
$312.2M
$417.3M
Q3 25
$227.5M
$402.6M
Q2 25
$93.9M
$263.6M
Q1 25
$36.5M
$44.1M
Q4 24
$247.4M
$75.2M
Q3 24
$206.5M
$188.4M
Q2 24
$179.3M
$-95.6M
Free Cash Flow
KEX
KEX
ONC
ONC
Q1 26
$49.4M
Q4 25
$265.2M
$379.8M
Q3 25
$160.3M
$354.5M
Q2 25
$22.4M
$219.8M
Q1 25
$-42.1M
$-12.3M
Q4 24
$150.7M
$-17.3M
Q3 24
$130.1M
$54.7M
Q2 24
$90.8M
$-205.5M
FCF Margin
KEX
KEX
ONC
ONC
Q1 26
5.9%
Q4 25
31.1%
25.4%
Q3 25
18.4%
25.1%
Q2 25
2.6%
16.7%
Q1 25
-5.4%
-1.1%
Q4 24
18.8%
-1.5%
Q3 24
15.7%
5.5%
Q2 24
11.0%
-22.1%
Capex Intensity
KEX
KEX
ONC
ONC
Q1 26
5.7%
Q4 25
5.5%
2.5%
Q3 25
7.7%
3.4%
Q2 25
8.4%
3.3%
Q1 25
10.0%
5.0%
Q4 24
12.0%
8.2%
Q3 24
9.2%
13.3%
Q2 24
10.7%
11.8%
Cash Conversion
KEX
KEX
ONC
ONC
Q1 26
1.20×
Q4 25
3.40×
6.28×
Q3 25
2.46×
3.22×
Q2 25
1.00×
2.79×
Q1 25
0.48×
34.71×
Q4 24
5.78×
Q3 24
2.30×
Q2 24
2.14×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KEX
KEX

Marine transportation$497.2M59%
Distribution and services$346.9M41%

ONC
ONC

Segment breakdown not available.

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