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Side-by-side financial comparison of BeOne Medicines Ltd. (ONC) and QVC INC (QVCD). Click either name above to swap in a different company.
QVC INC is the larger business by last-quarter revenue ($2.4B vs $1.5B, roughly 1.6× BeOne Medicines Ltd.). BeOne Medicines Ltd. runs the higher net margin — 4.4% vs 1.5%, a 2.9% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs -8.9%). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% CAGR vs 7.1%).
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.
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
ONC vs QVCD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $2.4B |
| Net Profit | $66.5M | $37.0M |
| Gross Margin | 90.5% | 32.5% |
| Operating Margin | 12.4% | 5.6% |
| Net Margin | 4.4% | 1.5% |
| Revenue YoY | 32.8% | -8.9% |
| Net Profit YoY | 143.8% | 103.0% |
| EPS (diluted) | $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.
| Q4 25 | $1.5B | $2.4B | ||
| Q3 25 | $1.4B | $2.0B | ||
| Q2 25 | $1.3B | $2.0B | ||
| Q1 25 | $1.1B | $1.9B | ||
| Q4 24 | $1.1B | $2.7B | ||
| Q3 24 | $1.0B | $2.1B | ||
| Q2 24 | $929.2M | $2.1B | ||
| Q1 24 | $751.7M | $2.1B |
| Q4 25 | $66.5M | $37.0M | ||
| Q3 25 | $124.8M | $2.0M | ||
| Q2 25 | $94.3M | $-2.2B | ||
| Q1 25 | $1.3M | $-42.0M | ||
| Q4 24 | $-151.9M | $-1.2B | ||
| Q3 24 | $-121.3M | $51.0M | ||
| Q2 24 | $-120.4M | $53.0M | ||
| Q1 24 | $-251.2M | $51.0M |
| Q4 25 | 90.5% | 32.5% | ||
| Q3 25 | 86.1% | 33.6% | ||
| Q2 25 | 87.5% | 35.4% | ||
| Q1 25 | 85.2% | 33.3% | ||
| Q4 24 | 85.8% | 32.6% | ||
| Q3 24 | 83.0% | 34.7% | ||
| Q2 24 | 85.1% | 35.6% | ||
| Q1 24 | 83.4% | 35.0% |
| Q4 25 | 12.4% | 5.6% | ||
| Q3 25 | 11.5% | 4.6% | ||
| Q2 25 | 6.7% | -114.5% | ||
| Q1 25 | 1.0% | 1.5% | ||
| Q4 24 | -7.0% | -47.1% | ||
| Q3 24 | -12.0% | 7.8% | ||
| Q2 24 | -11.5% | 7.6% | ||
| Q1 24 | -34.8% | 7.4% |
| Q4 25 | 4.4% | 1.5% | ||
| Q3 25 | 8.8% | 0.1% | ||
| Q2 25 | 7.2% | -109.1% | ||
| Q1 25 | 0.1% | -2.2% | ||
| Q4 24 | -13.5% | -46.0% | ||
| Q3 24 | -12.1% | 2.4% | ||
| Q2 24 | -13.0% | 2.5% | ||
| Q1 24 | -33.4% | 2.4% |
| Q4 25 | $0.05 | — | ||
| Q3 25 | $0.08 | — | ||
| Q2 25 | $0.06 | — | ||
| Q1 25 | $0.00 | — | ||
| Q4 24 | $-0.10 | — | ||
| Q3 24 | $-0.09 | — | ||
| Q2 24 | $-0.09 | — | ||
| Q1 24 | $-0.19 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.5B | $1.5B |
| Total DebtLower is stronger | $836.4M | $1.0M |
| Stockholders' EquityBook value | $4.4B | $1.2B |
| Total Assets | $8.2B | $8.5B |
| Debt / EquityLower = less leverage | 0.19× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.5B | $1.5B | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.6B | $297.0M | ||
| Q3 24 | $2.7B | $297.0M | ||
| Q2 24 | $2.6B | $315.0M | ||
| Q1 24 | $2.8B | $311.0M |
| Q4 25 | $836.4M | $1.0M | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | — | $3.8B |
| Q4 25 | $4.4B | $1.2B | ||
| Q3 25 | $4.1B | $1.2B | ||
| Q2 25 | $3.8B | $1.2B | ||
| Q1 25 | $3.5B | $3.3B | ||
| Q4 24 | $3.3B | $3.3B | ||
| Q3 24 | $3.4B | $4.6B | ||
| Q2 24 | $3.4B | $4.3B | ||
| Q1 24 | $3.4B | $4.2B |
| Q4 25 | $8.2B | $8.5B | ||
| Q3 25 | $7.6B | $8.3B | ||
| Q2 25 | $6.3B | $7.4B | ||
| Q1 25 | $5.8B | $9.7B | ||
| Q4 24 | $5.9B | $9.9B | ||
| Q3 24 | $5.8B | $9.9B | ||
| Q2 24 | $5.7B | $11.2B | ||
| Q1 24 | $5.7B | $11.4B |
| Q4 25 | 0.19× | 0.00× | ||
| Q3 25 | — | 4.30× | ||
| Q2 25 | — | 3.42× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | 0.87× | ||
| Q1 24 | — | 0.89× |
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 | $245.0M |
| Free Cash FlowOCF − Capex | $379.8M | — |
| FCF MarginFCF / Revenue | 25.4% | — |
| Capex IntensityCapex / Revenue | 2.5% | — |
| Cash ConversionOCF / Net Profit | 6.28× | 6.62× |
| TTM Free Cash FlowTrailing 4 quarters | $941.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $417.3M | $245.0M | ||
| Q3 25 | $402.6M | $76.0M | ||
| Q2 25 | $263.6M | $52.0M | ||
| Q1 25 | $44.1M | $46.0M | ||
| Q4 24 | $75.2M | $189.0M | ||
| Q3 24 | $188.4M | $98.0M | ||
| Q2 24 | $-95.6M | $164.0M | ||
| Q1 24 | $-308.6M | $84.0M |
| Q4 25 | $379.8M | — | ||
| Q3 25 | $354.5M | — | ||
| Q2 25 | $219.8M | — | ||
| Q1 25 | $-12.3M | — | ||
| Q4 24 | $-17.3M | — | ||
| Q3 24 | $54.7M | — | ||
| Q2 24 | $-205.5M | — | ||
| Q1 24 | $-465.1M | — |
| Q4 25 | 25.4% | — | ||
| Q3 25 | 25.1% | — | ||
| Q2 25 | 16.7% | — | ||
| Q1 25 | -1.1% | — | ||
| Q4 24 | -1.5% | — | ||
| Q3 24 | 5.5% | — | ||
| Q2 24 | -22.1% | — | ||
| Q1 24 | -61.9% | — |
| Q4 25 | 2.5% | — | ||
| Q3 25 | 3.4% | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 5.0% | — | ||
| Q4 24 | 8.2% | — | ||
| Q3 24 | 13.3% | — | ||
| Q2 24 | 11.8% | — | ||
| Q1 24 | 20.8% | — |
| Q4 25 | 6.28× | 6.62× | ||
| Q3 25 | 3.22× | 38.00× | ||
| Q2 25 | 2.79× | — | ||
| Q1 25 | 34.71× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.92× | ||
| Q2 24 | — | 3.09× | ||
| Q1 24 | — | 1.65× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ONC
Segment breakdown not available.
QVCD
| Home | $754.0M | 31% |
| QVC International | $661.0M | 27% |
| Beauty | $260.0M | 11% |
| Apparel | $254.0M | 10% |
| Electronics | $187.0M | 8% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 4% |
| Otherrevenue | $38.0M | 2% |
