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

BeOne Medicines Ltd. is the larger business by last-quarter revenue ($1.5B vs $828.2M, roughly 1.8× Rithm Capital Corp.). Rithm Capital Corp. runs the higher net margin — 13.2% vs 4.4%, a 8.8% gap on every dollar of revenue. On growth, BeOne Medicines Ltd. posted the faster year-over-year revenue change (32.8% vs -40.0%). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% CAGR vs -17.9%).

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

Rithm Capital Corp. (Rithm) is an American investment management company headquartered in New York that focuses on real estate and alternative investments.

ONC vs RITM — Head-to-Head

Bigger by revenue
ONC
ONC
1.8× larger
ONC
$1.5B
$828.2M
RITM
Growing faster (revenue YoY)
ONC
ONC
+72.8% gap
ONC
32.8%
-40.0%
RITM
Higher net margin
RITM
RITM
8.8% more per $
RITM
13.2%
4.4%
ONC
Faster 2-yr revenue CAGR
ONC
ONC
Annualised
ONC
41.2%
-17.9%
RITM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ONC
ONC
RITM
RITM
Revenue
$1.5B
$828.2M
Net Profit
$66.5M
$109.5M
Gross Margin
90.5%
Operating Margin
12.4%
Net Margin
4.4%
13.2%
Revenue YoY
32.8%
-40.0%
Net Profit YoY
143.8%
20.9%
EPS (diluted)
$0.05
$0.12

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
RITM
RITM
Q1 26
$828.2M
Q4 25
$1.5B
$1.5B
Q3 25
$1.4B
$1.1B
Q2 25
$1.3B
$1.2B
Q1 25
$1.1B
$768.4M
Q4 24
$1.1B
$2.1B
Q3 24
$1.0B
$619.5M
Q2 24
$929.2M
$1.2B
Net Profit
ONC
ONC
RITM
RITM
Q1 26
$109.5M
Q4 25
$66.5M
$85.0M
Q3 25
$124.8M
$221.5M
Q2 25
$94.3M
$311.7M
Q1 25
$1.3M
$78.8M
Q4 24
$-151.9M
$290.2M
Q3 24
$-121.3M
$121.7M
Q2 24
$-120.4M
$235.6M
Gross Margin
ONC
ONC
RITM
RITM
Q1 26
Q4 25
90.5%
Q3 25
86.1%
Q2 25
87.5%
Q1 25
85.2%
Q4 24
85.8%
Q3 24
83.0%
Q2 24
85.1%
Operating Margin
ONC
ONC
RITM
RITM
Q1 26
Q4 25
12.4%
13.8%
Q3 25
11.5%
21.4%
Q2 25
6.7%
25.2%
Q1 25
1.0%
7.4%
Q4 24
-7.0%
23.8%
Q3 24
-12.0%
7.3%
Q2 24
-11.5%
23.6%
Net Margin
ONC
ONC
RITM
RITM
Q1 26
13.2%
Q4 25
4.4%
5.7%
Q3 25
8.8%
20.0%
Q2 25
7.2%
25.6%
Q1 25
0.1%
10.3%
Q4 24
-13.5%
14.0%
Q3 24
-12.1%
19.7%
Q2 24
-13.0%
19.2%
EPS (diluted)
ONC
ONC
RITM
RITM
Q1 26
$0.12
Q4 25
$0.05
$0.09
Q3 25
$0.08
$0.35
Q2 25
$0.06
$0.53
Q1 25
$0.00
$0.07
Q4 24
$-0.10
$0.50
Q3 24
$-0.09
$0.20
Q2 24
$-0.09
$0.43

Balance Sheet & Financial Strength

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

Metric
ONC
ONC
RITM
RITM
Cash + ST InvestmentsLiquidity on hand
$4.5B
Total DebtLower is stronger
$836.4M
Stockholders' EquityBook value
$4.4B
$9.1B
Total Assets
$8.2B
$53.4B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ONC
ONC
RITM
RITM
Q1 26
Q4 25
$4.5B
$1.8B
Q3 25
$4.0B
$1.6B
Q2 25
$2.8B
$1.6B
Q1 25
$2.5B
$1.5B
Q4 24
$2.6B
$1.5B
Q3 24
$2.7B
$1.6B
Q2 24
$2.6B
$1.2B
Total Debt
ONC
ONC
RITM
RITM
Q1 26
Q4 25
$836.4M
$35.4B
Q3 25
$32.2B
Q2 25
$31.2B
Q1 25
$32.2B
Q4 24
$32.6B
Q3 24
$29.6B
Q2 24
$30.1B
Stockholders' Equity
ONC
ONC
RITM
RITM
Q1 26
$9.1B
Q4 25
$4.4B
$8.4B
Q3 25
$4.1B
$8.5B
Q2 25
$3.8B
$7.9B
Q1 25
$3.5B
$7.8B
Q4 24
$3.3B
$7.8B
Q3 24
$3.4B
$7.7B
Q2 24
$3.4B
$7.3B
Total Assets
ONC
ONC
RITM
RITM
Q1 26
$53.4B
Q4 25
$8.2B
$53.1B
Q3 25
$7.6B
$47.2B
Q2 25
$6.3B
$44.3B
Q1 25
$5.8B
$45.3B
Q4 24
$5.9B
$46.0B
Q3 24
$5.8B
$42.3B
Q2 24
$5.7B
$42.0B
Debt / Equity
ONC
ONC
RITM
RITM
Q1 26
Q4 25
0.19×
4.20×
Q3 25
3.79×
Q2 25
3.92×
Q1 25
4.14×
Q4 24
4.18×
Q3 24
3.87×
Q2 24
4.10×

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
RITM
RITM
Operating Cash FlowLast quarter
$417.3M
Free Cash FlowOCF − Capex
$379.8M
FCF MarginFCF / Revenue
25.4%
Capex IntensityCapex / Revenue
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
ONC
ONC
RITM
RITM
Q1 26
Q4 25
$417.3M
$-114.6M
Q3 25
$402.6M
$-2.0B
Q2 25
$263.6M
$-557.1M
Q1 25
$44.1M
$1.4B
Q4 24
$75.2M
$-1.8B
Q3 24
$188.4M
$768.1M
Q2 24
$-95.6M
$-55.7M
Free Cash Flow
ONC
ONC
RITM
RITM
Q1 26
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
FCF Margin
ONC
ONC
RITM
RITM
Q1 26
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%
Capex Intensity
ONC
ONC
RITM
RITM
Q1 26
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%
Cash Conversion
ONC
ONC
RITM
RITM
Q1 26
Q4 25
6.28×
-1.35×
Q3 25
3.22×
-9.22×
Q2 25
2.79×
-1.79×
Q1 25
34.71×
18.03×
Q4 24
-6.04×
Q3 24
6.31×
Q2 24
-0.24×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ONC
ONC

Segment breakdown not available.

RITM
RITM

Servicing revenue, net$375.1M45%
Other$234.9M28%
Gain on originated residential mortgage loans, held-for-sale, net$195.0M24%
Other revenue$23.3M3%

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