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Side-by-side financial comparison of Lineage, Inc. (LINE) 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 $1.4B, roughly 1.1× Lineage, Inc.). BeOne Medicines Ltd. runs the higher net margin — 4.4% vs -7.3%, a 11.7% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs 3.1%). BeOne Medicines Ltd. produced more free cash flow last quarter ($379.8M vs $35.0M).

Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.

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

LINE vs ONC — Head-to-Head

Bigger by revenue
ONC
ONC
1.1× larger
ONC
$1.5B
$1.4B
LINE
Growing faster (revenue YoY)
ONC
ONC
+29.7% gap
ONC
32.8%
3.1%
LINE
Higher net margin
ONC
ONC
11.7% more per $
ONC
4.4%
-7.3%
LINE
More free cash flow
ONC
ONC
$344.8M more FCF
ONC
$379.8M
$35.0M
LINE

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LINE
LINE
ONC
ONC
Revenue
$1.4B
$1.5B
Net Profit
$-100.0M
$66.5M
Gross Margin
32.3%
90.5%
Operating Margin
2.5%
12.4%
Net Margin
-7.3%
4.4%
Revenue YoY
3.1%
32.8%
Net Profit YoY
79.4%
143.8%
EPS (diluted)
$-0.44
$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
LINE
LINE
ONC
ONC
Q4 25
$1.5B
Q3 25
$1.4B
$1.4B
Q2 25
$1.4B
$1.3B
Q1 25
$1.3B
$1.1B
Q4 24
$1.3B
$1.1B
Q3 24
$1.3B
$1.0B
Q2 24
$1.3B
$929.2M
Q1 24
$1.3B
$751.7M
Net Profit
LINE
LINE
ONC
ONC
Q4 25
$66.5M
Q3 25
$-100.0M
$124.8M
Q2 25
$-6.0M
$94.3M
Q1 25
$0
$1.3M
Q4 24
$-71.0M
$-151.9M
Q3 24
$-485.0M
$-121.3M
Q2 24
$-68.0M
$-120.4M
Q1 24
$-40.0M
$-251.2M
Gross Margin
LINE
LINE
ONC
ONC
Q4 25
90.5%
Q3 25
32.3%
86.1%
Q2 25
31.9%
87.5%
Q1 25
32.2%
85.2%
Q4 24
32.3%
85.8%
Q3 24
32.8%
83.0%
Q2 24
33.4%
85.1%
Q1 24
33.4%
83.4%
Operating Margin
LINE
LINE
ONC
ONC
Q4 25
12.4%
Q3 25
2.5%
11.5%
Q2 25
1.7%
6.7%
Q1 25
4.3%
1.0%
Q4 24
-1.6%
-7.0%
Q3 24
-38.6%
-12.0%
Q2 24
5.5%
-11.5%
Q1 24
7.6%
-34.8%
Net Margin
LINE
LINE
ONC
ONC
Q4 25
4.4%
Q3 25
-7.3%
8.8%
Q2 25
-0.4%
7.2%
Q1 25
0.1%
Q4 24
-5.3%
-13.5%
Q3 24
-36.3%
-12.1%
Q2 24
-5.1%
-13.0%
Q1 24
-3.0%
-33.4%
EPS (diluted)
LINE
LINE
ONC
ONC
Q4 25
$0.05
Q3 25
$-0.44
$0.08
Q2 25
$-0.03
$0.06
Q1 25
$0.01
$0.00
Q4 24
$-0.52
$-0.10
Q3 24
$-2.44
$-0.09
Q2 24
$-0.46
$-0.09
Q1 24
$-0.28
$-0.19

Balance Sheet & Financial Strength

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

Metric
LINE
LINE
ONC
ONC
Cash + ST InvestmentsLiquidity on hand
$4.5B
Total DebtLower is stronger
$836.4M
Stockholders' EquityBook value
$8.4B
$4.4B
Total Assets
$19.2B
$8.2B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LINE
LINE
ONC
ONC
Q4 25
$4.5B
Q3 25
$4.0B
Q2 25
$2.8B
Q1 25
$2.5B
Q4 24
$173.0M
$2.6B
Q3 24
$409.0M
$2.7B
Q2 24
$73.0M
$2.6B
Q1 24
$2.8B
Total Debt
LINE
LINE
ONC
ONC
Q4 25
$836.4M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
LINE
LINE
ONC
ONC
Q4 25
$4.4B
Q3 25
$8.4B
$4.1B
Q2 25
$8.6B
$3.8B
Q1 25
$8.6B
$3.5B
Q4 24
$8.6B
$3.3B
Q3 24
$9.0B
$3.4B
Q2 24
$4.9B
$3.4B
Q1 24
$5.6B
$3.4B
Total Assets
LINE
LINE
ONC
ONC
Q4 25
$8.2B
Q3 25
$19.2B
$7.6B
Q2 25
$19.4B
$6.3B
Q1 25
$18.8B
$5.8B
Q4 24
$18.7B
$5.9B
Q3 24
$19.3B
$5.8B
Q2 24
$18.8B
$5.7B
Q1 24
$5.7B
Debt / Equity
LINE
LINE
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
LINE
LINE
ONC
ONC
Operating Cash FlowLast quarter
$230.0M
$417.3M
Free Cash FlowOCF − Capex
$35.0M
$379.8M
FCF MarginFCF / Revenue
2.5%
25.4%
Capex IntensityCapex / Revenue
14.2%
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
LINE
LINE
ONC
ONC
Q4 25
$417.3M
Q3 25
$230.0M
$402.6M
Q2 25
$258.0M
$263.6M
Q1 25
$139.0M
$44.1M
Q4 24
$75.2M
Q3 24
$186.0M
$188.4M
Q2 24
$155.0M
$-95.6M
Q1 24
$105.0M
$-308.6M
Free Cash Flow
LINE
LINE
ONC
ONC
Q4 25
$379.8M
Q3 25
$35.0M
$354.5M
Q2 25
$95.0M
$219.8M
Q1 25
$-12.0M
$-12.3M
Q4 24
$-17.3M
Q3 24
$33.0M
$54.7M
Q2 24
$-31.0M
$-205.5M
Q1 24
$-42.0M
$-465.1M
FCF Margin
LINE
LINE
ONC
ONC
Q4 25
25.4%
Q3 25
2.5%
25.1%
Q2 25
7.0%
16.7%
Q1 25
-0.9%
-1.1%
Q4 24
-1.5%
Q3 24
2.5%
5.5%
Q2 24
-2.3%
-22.1%
Q1 24
-3.2%
-61.9%
Capex Intensity
LINE
LINE
ONC
ONC
Q4 25
2.5%
Q3 25
14.2%
3.4%
Q2 25
12.1%
3.3%
Q1 25
11.7%
5.0%
Q4 24
8.2%
Q3 24
11.5%
13.3%
Q2 24
13.9%
11.8%
Q1 24
11.1%
20.8%
Cash Conversion
LINE
LINE
ONC
ONC
Q4 25
6.28×
Q3 25
3.22×
Q2 25
2.79×
Q1 25
34.71×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

LINE
LINE

Warehousing Operations$883.0M64%
Other$308.0M22%
Warehouse Lease$60.0M4%
Food Sales$52.0M4%
E Commerce And Other$46.0M3%
Railcar Lease$23.0M2%
Service Other$5.0M0%

ONC
ONC

Segment breakdown not available.

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