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Side-by-side financial comparison of BeOne Medicines Ltd. (ONC) and Primoris Services Corp (PRIM). Click either name above to swap in a different company.

Primoris Services Corp is the larger business by last-quarter revenue ($1.9B vs $1.5B, roughly 1.2× BeOne Medicines Ltd.). BeOne Medicines Ltd. runs the higher net margin — 4.4% vs 2.8%, a 1.7% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs 6.7%). BeOne Medicines Ltd. produced more free cash flow last quarter ($379.8M vs $121.1M). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% CAGR vs 14.7%).

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

Primoris Services Corporation is a publicly traded specialty construction and infrastructure company based in the United States, with a particular focus on pipelines for natural gas, wastewater and water. As of 2014 it was a Fortune 1000 company.

ONC vs PRIM — Head-to-Head

Bigger by revenue
PRIM
PRIM
1.2× larger
PRIM
$1.9B
$1.5B
ONC
Growing faster (revenue YoY)
ONC
ONC
+26.2% gap
ONC
32.8%
6.7%
PRIM
Higher net margin
ONC
ONC
1.7% more per $
ONC
4.4%
2.8%
PRIM
More free cash flow
ONC
ONC
$258.7M more FCF
ONC
$379.8M
$121.1M
PRIM
Faster 2-yr revenue CAGR
ONC
ONC
Annualised
ONC
41.2%
14.7%
PRIM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ONC
ONC
PRIM
PRIM
Revenue
$1.5B
$1.9B
Net Profit
$66.5M
$51.7M
Gross Margin
90.5%
9.4%
Operating Margin
12.4%
4.2%
Net Margin
4.4%
2.8%
Revenue YoY
32.8%
6.7%
Net Profit YoY
143.8%
-4.2%
EPS (diluted)
$0.05
$0.94

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
ONC
ONC
PRIM
PRIM
Q4 25
$1.5B
$1.9B
Q3 25
$1.4B
$2.2B
Q2 25
$1.3B
$1.9B
Q1 25
$1.1B
$1.6B
Q4 24
$1.1B
$1.7B
Q3 24
$1.0B
$1.6B
Q2 24
$929.2M
$1.6B
Q1 24
$751.7M
$1.4B
Net Profit
ONC
ONC
PRIM
PRIM
Q4 25
$66.5M
$51.7M
Q3 25
$124.8M
$94.6M
Q2 25
$94.3M
$84.3M
Q1 25
$1.3M
$44.2M
Q4 24
$-151.9M
$54.0M
Q3 24
$-121.3M
$58.4M
Q2 24
$-120.4M
$49.5M
Q1 24
$-251.2M
$18.9M
Gross Margin
ONC
ONC
PRIM
PRIM
Q4 25
90.5%
9.4%
Q3 25
86.1%
10.8%
Q2 25
87.5%
12.3%
Q1 25
85.2%
10.4%
Q4 24
85.8%
10.6%
Q3 24
83.0%
12.0%
Q2 24
85.1%
11.9%
Q1 24
83.4%
9.4%
Operating Margin
ONC
ONC
PRIM
PRIM
Q4 25
12.4%
4.2%
Q3 25
11.5%
6.3%
Q2 25
6.7%
6.7%
Q1 25
1.0%
4.3%
Q4 24
-7.0%
5.0%
Q3 24
-12.0%
6.0%
Q2 24
-11.5%
5.5%
Q1 24
-34.8%
3.1%
Net Margin
ONC
ONC
PRIM
PRIM
Q4 25
4.4%
2.8%
Q3 25
8.8%
4.3%
Q2 25
7.2%
4.5%
Q1 25
0.1%
2.7%
Q4 24
-13.5%
3.1%
Q3 24
-12.1%
3.5%
Q2 24
-13.0%
3.2%
Q1 24
-33.4%
1.3%
EPS (diluted)
ONC
ONC
PRIM
PRIM
Q4 25
$0.05
$0.94
Q3 25
$0.08
$1.73
Q2 25
$0.06
$1.54
Q1 25
$0.00
$0.81
Q4 24
$-0.10
$0.98
Q3 24
$-0.09
$1.07
Q2 24
$-0.09
$0.91
Q1 24
$-0.19
$0.35

Balance Sheet & Financial Strength

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

Metric
ONC
ONC
PRIM
PRIM
Cash + ST InvestmentsLiquidity on hand
$4.5B
$535.5M
Total DebtLower is stronger
$836.4M
$469.9M
Stockholders' EquityBook value
$4.4B
$1.7B
Total Assets
$8.2B
$4.4B
Debt / EquityLower = less leverage
0.19×
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ONC
ONC
PRIM
PRIM
Q4 25
$4.5B
$535.5M
Q3 25
$4.0B
$431.4M
Q2 25
$2.8B
$390.3M
Q1 25
$2.5B
$351.6M
Q4 24
$2.6B
$455.8M
Q3 24
$2.7B
$352.7M
Q2 24
$2.6B
$207.4M
Q1 24
$2.8B
$177.6M
Total Debt
ONC
ONC
PRIM
PRIM
Q4 25
$836.4M
$469.9M
Q3 25
$486.0M
Q2 25
$603.1M
Q1 25
$612.0M
Q4 24
$734.8M
Q3 24
$903.7M
Q2 24
$933.0M
Q1 24
$951.7M
Stockholders' Equity
ONC
ONC
PRIM
PRIM
Q4 25
$4.4B
$1.7B
Q3 25
$4.1B
$1.6B
Q2 25
$3.8B
$1.5B
Q1 25
$3.5B
$1.4B
Q4 24
$3.3B
$1.4B
Q3 24
$3.4B
$1.4B
Q2 24
$3.4B
$1.3B
Q1 24
$3.4B
$1.2B
Total Assets
ONC
ONC
PRIM
PRIM
Q4 25
$8.2B
$4.4B
Q3 25
$7.6B
$4.6B
Q2 25
$6.3B
$4.5B
Q1 25
$5.8B
$4.2B
Q4 24
$5.9B
$4.2B
Q3 24
$5.8B
$4.2B
Q2 24
$5.7B
$4.0B
Q1 24
$5.7B
$4.0B
Debt / Equity
ONC
ONC
PRIM
PRIM
Q4 25
0.19×
0.28×
Q3 25
0.30×
Q2 25
0.39×
Q1 25
0.42×
Q4 24
0.52×
Q3 24
0.67×
Q2 24
0.72×
Q1 24
0.76×

Cash Flow & Capital Efficiency

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

Metric
ONC
ONC
PRIM
PRIM
Operating Cash FlowLast quarter
$417.3M
$142.9M
Free Cash FlowOCF − Capex
$379.8M
$121.1M
FCF MarginFCF / Revenue
25.4%
6.5%
Capex IntensityCapex / Revenue
2.5%
1.2%
Cash ConversionOCF / Net Profit
6.28×
2.76×
TTM Free Cash FlowTrailing 4 quarters
$941.7M
$340.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ONC
ONC
PRIM
PRIM
Q4 25
$417.3M
$142.9M
Q3 25
$402.6M
$182.9M
Q2 25
$263.6M
$78.5M
Q1 25
$44.1M
$66.2M
Q4 24
$75.2M
$298.3M
Q3 24
$188.4M
$222.5M
Q2 24
$-95.6M
$16.1M
Q1 24
$-308.6M
$-28.5M
Free Cash Flow
ONC
ONC
PRIM
PRIM
Q4 25
$379.8M
$121.1M
Q3 25
$354.5M
$148.4M
Q2 25
$219.8M
$45.3M
Q1 25
$-12.3M
$25.6M
Q4 24
$-17.3M
$270.0M
Q3 24
$54.7M
$158.8M
Q2 24
$-205.5M
$-8.1M
Q1 24
$-465.1M
$-38.9M
FCF Margin
ONC
ONC
PRIM
PRIM
Q4 25
25.4%
6.5%
Q3 25
25.1%
6.8%
Q2 25
16.7%
2.4%
Q1 25
-1.1%
1.6%
Q4 24
-1.5%
15.5%
Q3 24
5.5%
9.6%
Q2 24
-22.1%
-0.5%
Q1 24
-61.9%
-2.8%
Capex Intensity
ONC
ONC
PRIM
PRIM
Q4 25
2.5%
1.2%
Q3 25
3.4%
1.6%
Q2 25
3.3%
1.8%
Q1 25
5.0%
2.5%
Q4 24
8.2%
1.6%
Q3 24
13.3%
3.9%
Q2 24
11.8%
1.5%
Q1 24
20.8%
0.7%
Cash Conversion
ONC
ONC
PRIM
PRIM
Q4 25
6.28×
2.76×
Q3 25
3.22×
1.93×
Q2 25
2.79×
0.93×
Q1 25
34.71×
1.50×
Q4 24
5.53×
Q3 24
3.81×
Q2 24
0.32×
Q1 24
-1.50×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ONC
ONC

Segment breakdown not available.

PRIM
PRIM

Energy Segment$1.2B64%
Unit Price Contracts$473.7M25%
Cost Reimbursable Contracts$121.3M7%
Other$74.9M4%

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