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Side-by-side financial comparison of Microchip Technology (MCHP) 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 $1.2B, roughly 1.3× Microchip Technology). Microchip Technology runs the higher net margin — 5.3% vs 4.4%, a 0.8% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs 15.6%). BeOne Medicines Ltd. produced more free cash flow last quarter ($379.8M vs $318.9M). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% CAGR vs -5.4%).

Microchip Technology Incorporated is an American publicly traded semiconductor corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.

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

MCHP vs ONC — Head-to-Head

Bigger by revenue
ONC
ONC
1.3× larger
ONC
$1.5B
$1.2B
MCHP
Growing faster (revenue YoY)
ONC
ONC
+17.2% gap
ONC
32.8%
15.6%
MCHP
Higher net margin
MCHP
MCHP
0.8% more per $
MCHP
5.3%
4.4%
ONC
More free cash flow
ONC
ONC
$60.9M more FCF
ONC
$379.8M
$318.9M
MCHP
Faster 2-yr revenue CAGR
ONC
ONC
Annualised
ONC
41.2%
-5.4%
MCHP

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
MCHP
MCHP
ONC
ONC
Revenue
$1.2B
$1.5B
Net Profit
$62.7M
$66.5M
Gross Margin
59.6%
90.5%
Operating Margin
12.8%
12.4%
Net Margin
5.3%
4.4%
Revenue YoY
15.6%
32.8%
Net Profit YoY
217.0%
143.8%
EPS (diluted)
$0.06
$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
MCHP
MCHP
ONC
ONC
Q4 25
$1.2B
$1.5B
Q3 25
$1.1B
$1.4B
Q2 25
$1.1B
$1.3B
Q1 25
$970.5M
$1.1B
Q4 24
$1.0B
$1.1B
Q3 24
$1.2B
$1.0B
Q2 24
$1.2B
$929.2M
Q1 24
$1.3B
$751.7M
Net Profit
MCHP
MCHP
ONC
ONC
Q4 25
$62.7M
$66.5M
Q3 25
$41.7M
$124.8M
Q2 25
$-18.6M
$94.3M
Q1 25
$-154.6M
$1.3M
Q4 24
$-53.6M
$-151.9M
Q3 24
$78.4M
$-121.3M
Q2 24
$129.3M
$-120.4M
Q1 24
$154.7M
$-251.2M
Gross Margin
MCHP
MCHP
ONC
ONC
Q4 25
59.6%
90.5%
Q3 25
55.9%
86.1%
Q2 25
53.6%
87.5%
Q1 25
51.6%
85.2%
Q4 24
54.7%
85.8%
Q3 24
57.4%
83.0%
Q2 24
59.4%
85.1%
Q1 24
59.6%
83.4%
Operating Margin
MCHP
MCHP
ONC
ONC
Q4 25
12.8%
12.4%
Q3 25
7.8%
11.5%
Q2 25
3.0%
6.7%
Q1 25
-10.3%
1.0%
Q4 24
3.0%
-7.0%
Q3 24
12.6%
-12.0%
Q2 24
17.7%
-11.5%
Q1 24
19.1%
-34.8%
Net Margin
MCHP
MCHP
ONC
ONC
Q4 25
5.3%
4.4%
Q3 25
3.7%
8.8%
Q2 25
-1.7%
7.2%
Q1 25
-15.9%
0.1%
Q4 24
-5.2%
-13.5%
Q3 24
6.7%
-12.1%
Q2 24
10.4%
-13.0%
Q1 24
11.7%
-33.4%
EPS (diluted)
MCHP
MCHP
ONC
ONC
Q4 25
$0.06
$0.05
Q3 25
$0.03
$0.08
Q2 25
$-0.09
$0.06
Q1 25
$-0.29
$0.00
Q4 24
$-0.10
$-0.10
Q3 24
$0.14
$-0.09
Q2 24
$0.24
$-0.09
Q1 24
$0.29
$-0.19

Balance Sheet & Financial Strength

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

Metric
MCHP
MCHP
ONC
ONC
Cash + ST InvestmentsLiquidity on hand
$250.7M
$4.5B
Total DebtLower is stronger
$5.4B
$836.4M
Stockholders' EquityBook value
$6.6B
$4.4B
Total Assets
$14.3B
$8.2B
Debt / EquityLower = less leverage
0.82×
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MCHP
MCHP
ONC
ONC
Q4 25
$250.7M
$4.5B
Q3 25
$236.8M
$4.0B
Q2 25
$566.5M
$2.8B
Q1 25
$771.7M
$2.5B
Q4 24
$586.0M
$2.6B
Q3 24
$286.1M
$2.7B
Q2 24
$315.1M
$2.6B
Q1 24
$319.7M
$2.8B
Total Debt
MCHP
MCHP
ONC
ONC
Q4 25
$5.4B
$836.4M
Q3 25
$5.4B
Q2 25
$5.5B
Q1 25
$5.6B
Q4 24
$6.7B
Q3 24
$6.4B
Q2 24
$6.2B
Q1 24
$6.0B
Stockholders' Equity
MCHP
MCHP
ONC
ONC
Q4 25
$6.6B
$4.4B
Q3 25
$6.7B
$4.1B
Q2 25
$6.9B
$3.8B
Q1 25
$7.1B
$3.5B
Q4 24
$6.0B
$3.3B
Q3 24
$6.3B
$3.4B
Q2 24
$6.4B
$3.4B
Q1 24
$6.7B
$3.4B
Total Assets
MCHP
MCHP
ONC
ONC
Q4 25
$14.3B
$8.2B
Q3 25
$14.5B
$7.6B
Q2 25
$15.0B
$6.3B
Q1 25
$15.4B
$5.8B
Q4 24
$15.6B
$5.9B
Q3 24
$15.6B
$5.8B
Q2 24
$15.8B
$5.7B
Q1 24
$15.9B
$5.7B
Debt / Equity
MCHP
MCHP
ONC
ONC
Q4 25
0.82×
0.19×
Q3 25
0.80×
Q2 25
0.80×
Q1 25
0.80×
Q4 24
1.12×
Q3 24
1.02×
Q2 24
0.96×
Q1 24
0.90×

Cash Flow & Capital Efficiency

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

Metric
MCHP
MCHP
ONC
ONC
Operating Cash FlowLast quarter
$341.4M
$417.3M
Free Cash FlowOCF − Capex
$318.9M
$379.8M
FCF MarginFCF / Revenue
26.9%
25.4%
Capex IntensityCapex / Revenue
1.9%
2.5%
Cash ConversionOCF / Net Profit
5.44×
6.28×
TTM Free Cash FlowTrailing 4 quarters
$819.9M
$941.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MCHP
MCHP
ONC
ONC
Q4 25
$341.4M
$417.3M
Q3 25
$88.1M
$402.6M
Q2 25
$275.6M
$263.6M
Q1 25
$205.9M
$44.1M
Q4 24
$271.5M
$75.2M
Q3 24
$43.6M
$188.4M
Q2 24
$377.1M
$-95.6M
Q1 24
$430.0M
$-308.6M
Free Cash Flow
MCHP
MCHP
ONC
ONC
Q4 25
$318.9M
$379.8M
Q3 25
$51.6M
$354.5M
Q2 25
$257.7M
$219.8M
Q1 25
$191.7M
$-12.3M
Q4 24
$253.4M
$-17.3M
Q3 24
$22.8M
$54.7M
Q2 24
$304.2M
$-205.5M
Q1 24
$389.9M
$-465.1M
FCF Margin
MCHP
MCHP
ONC
ONC
Q4 25
26.9%
25.4%
Q3 25
4.5%
25.1%
Q2 25
24.0%
16.7%
Q1 25
19.8%
-1.1%
Q4 24
24.7%
-1.5%
Q3 24
2.0%
5.5%
Q2 24
24.5%
-22.1%
Q1 24
29.4%
-61.9%
Capex Intensity
MCHP
MCHP
ONC
ONC
Q4 25
1.9%
2.5%
Q3 25
3.2%
3.4%
Q2 25
1.7%
3.3%
Q1 25
1.5%
5.0%
Q4 24
1.8%
8.2%
Q3 24
1.8%
13.3%
Q2 24
5.9%
11.8%
Q1 24
3.0%
20.8%
Cash Conversion
MCHP
MCHP
ONC
ONC
Q4 25
5.44×
6.28×
Q3 25
2.11×
3.22×
Q2 25
2.79×
Q1 25
34.71×
Q4 24
Q3 24
0.56×
Q2 24
2.92×
Q1 24
2.78×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MCHP
MCHP

Mixed Signal Microcontrollers$586.5M49%
Analog$322.9M27%
Other Product Line$276.6M23%

ONC
ONC

Segment breakdown not available.

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