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Side-by-side financial comparison of Liberty Energy Inc. (LBRT) 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 $1.0B, roughly 1.5× Liberty Energy Inc.). BeOne Medicines Ltd. runs the higher net margin — 4.4% vs 2.2%, a 2.2% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs 4.5%). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% CAGR vs -6.2%).
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
BeOne Medicines Ltd.ONCEarnings & Financial Report
BeOne Medicines, formerly known as BeiGene, Ltd. is a multinational oncology company. It specializes in the development of drugs for cancer treatment.
LBRT vs ONC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.5B |
| Net Profit | $22.6M | $66.5M |
| Gross Margin | — | 90.5% |
| Operating Margin | 2.2% | 12.4% |
| Net Margin | 2.2% | 4.4% |
| Revenue YoY | 4.5% | 32.8% |
| Net Profit YoY | — | 143.8% |
| EPS (diluted) | $0.14 | $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.
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | $947.4M | $1.4B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $977.5M | $1.1B | ||
| Q4 24 | $943.6M | $1.1B | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $1.2B | $929.2M |
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | $66.5M | ||
| Q3 25 | $43.1M | $124.8M | ||
| Q2 25 | $71.0M | $94.3M | ||
| Q1 25 | $20.1M | $1.3M | ||
| Q4 24 | $51.9M | $-151.9M | ||
| Q3 24 | $73.8M | $-121.3M | ||
| Q2 24 | $108.4M | $-120.4M |
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | 90.5% | ||
| Q3 25 | 18.7% | 86.1% | ||
| Q2 25 | 22.1% | 87.5% | ||
| Q1 25 | 22.1% | 85.2% | ||
| Q4 24 | 21.4% | 85.8% | ||
| Q3 24 | 26.2% | 83.0% | ||
| Q2 24 | 27.9% | 85.1% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | 12.4% | ||
| Q3 25 | -0.3% | 11.5% | ||
| Q2 25 | 3.6% | 6.7% | ||
| Q1 25 | 1.9% | 1.0% | ||
| Q4 24 | 2.6% | -7.0% | ||
| Q3 24 | 9.4% | -12.0% | ||
| Q2 24 | 12.2% | -11.5% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | 4.4% | ||
| Q3 25 | 4.5% | 8.8% | ||
| Q2 25 | 6.8% | 7.2% | ||
| Q1 25 | 2.1% | 0.1% | ||
| Q4 24 | 5.5% | -13.5% | ||
| Q3 24 | 6.5% | -12.1% | ||
| Q2 24 | 9.3% | -13.0% |
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $0.05 | ||
| Q3 25 | $0.26 | $0.08 | ||
| Q2 25 | $0.43 | $0.06 | ||
| Q1 25 | $0.12 | $0.00 | ||
| Q4 24 | $0.31 | $-0.10 | ||
| Q3 24 | $0.44 | $-0.09 | ||
| Q2 24 | $0.64 | $-0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $699.1M | $4.5B |
| Total DebtLower is stronger | $7.1M | $836.4M |
| Stockholders' EquityBook value | $1.9B | $4.4B |
| Total Assets | $4.4B | $8.2B |
| Debt / EquityLower = less leverage | 0.00× | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $4.5B | ||
| Q3 25 | $13.5M | $4.0B | ||
| Q2 25 | $19.6M | $2.8B | ||
| Q1 25 | $24.1M | $2.5B | ||
| Q4 24 | $20.0M | $2.6B | ||
| Q3 24 | $23.0M | $2.7B | ||
| Q2 24 | $30.0M | $2.6B |
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | $836.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $190.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $4.4B | ||
| Q3 25 | $2.1B | $4.1B | ||
| Q2 25 | $2.0B | $3.8B | ||
| Q1 25 | $2.0B | $3.5B | ||
| Q4 24 | $2.0B | $3.3B | ||
| Q3 24 | $2.0B | $3.4B | ||
| Q2 24 | $1.9B | $3.4B |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $8.2B | ||
| Q3 25 | $3.5B | $7.6B | ||
| Q2 25 | $3.4B | $6.3B | ||
| Q1 25 | $3.4B | $5.8B | ||
| Q4 24 | $3.3B | $5.9B | ||
| Q3 24 | $3.3B | $5.8B | ||
| Q2 24 | $3.2B | $5.7B |
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | 0.19× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $417.3M |
| Free Cash FlowOCF − Capex | — | $379.8M |
| FCF MarginFCF / Revenue | — | 25.4% |
| Capex IntensityCapex / Revenue | 13.1% | 2.5% |
| Cash ConversionOCF / Net Profit | — | 6.28× |
| TTM Free Cash FlowTrailing 4 quarters | — | $941.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $417.3M | ||
| Q3 25 | $51.5M | $402.6M | ||
| Q2 25 | $170.6M | $263.6M | ||
| Q1 25 | $192.1M | $44.1M | ||
| Q4 24 | $177.3M | $75.2M | ||
| Q3 24 | $244.5M | $188.4M | ||
| Q2 24 | $248.2M | $-95.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $379.8M | ||
| Q3 25 | $-67.2M | $354.5M | ||
| Q2 25 | $33.1M | $219.8M | ||
| Q1 25 | $58.2M | $-12.3M | ||
| Q4 24 | $-26.2M | $-17.3M | ||
| Q3 24 | $77.9M | $54.7M | ||
| Q2 24 | $112.2M | $-205.5M |
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 25.4% | ||
| Q3 25 | -7.1% | 25.1% | ||
| Q2 25 | 3.2% | 16.7% | ||
| Q1 25 | 6.0% | -1.1% | ||
| Q4 24 | -2.8% | -1.5% | ||
| Q3 24 | 6.8% | 5.5% | ||
| Q2 24 | 9.7% | -22.1% |
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 2.5% | ||
| Q3 25 | 12.5% | 3.4% | ||
| Q2 25 | 13.2% | 3.3% | ||
| Q1 25 | 13.7% | 5.0% | ||
| Q4 24 | 21.6% | 8.2% | ||
| Q3 24 | 14.6% | 13.3% | ||
| Q2 24 | 11.7% | 11.8% |
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | 6.28× | ||
| Q3 25 | 1.20× | 3.22× | ||
| Q2 25 | 2.40× | 2.79× | ||
| Q1 25 | 9.55× | 34.71× | ||
| Q4 24 | 3.42× | — | ||
| Q3 24 | 3.31× | — | ||
| Q2 24 | 2.29× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
