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Side-by-side financial comparison of BeOne Medicines Ltd. (ONC) and REPUBLIC AIRWAYS HOLDINGS INC. (RJET). Click either name above to swap in a different company.

BeOne Medicines Ltd. is the larger business by last-quarter revenue ($1.5B vs $1.1B, roughly 1.4× REPUBLIC AIRWAYS HOLDINGS INC.). Over the past eight quarters, BeOne Medicines Ltd.'s revenue compounded faster (41.2% CAGR vs 3.9%).

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

Republic Airways Holdings Inc. is an American airline holding company based in Indianapolis, Indiana. The company owns two regional airlines, Mesa Airlines and Republic Airways. Together the two airlines operate the world's largest fleet of Embraer 170 and Embraer 175 aircraft. The majority of the shares of company are owned by the mainline carriers that contract with Republic, American Airlines Group, Delta Air Lines, and United Airlines.

ONC vs RJET — Head-to-Head

Bigger by revenue
ONC
ONC
1.4× larger
ONC
$1.5B
$1.1B
RJET
Faster 2-yr revenue CAGR
ONC
ONC
Annualised
ONC
41.2%
3.9%
RJET

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ONC
ONC
RJET
RJET
Revenue
$1.5B
$1.1B
Net Profit
$66.5M
Gross Margin
90.5%
Operating Margin
12.4%
22.0%
Net Margin
4.4%
Revenue YoY
32.8%
Net Profit YoY
143.8%
EPS (diluted)
$0.05
$3.13

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
RJET
RJET
Q4 25
$1.5B
$1.1B
Q3 25
$1.4B
$90.7M
Q2 25
$1.3B
$92.8M
Q1 25
$1.1B
$94.7M
Q4 24
$1.1B
$808.3M
Q3 24
$1.0B
Q2 24
$929.2M
$110.8M
Q1 24
$751.7M
$131.6M
Net Profit
ONC
ONC
RJET
RJET
Q4 25
$66.5M
Q3 25
$124.8M
$-14.1M
Q2 25
$94.3M
$20.9M
Q1 25
$1.3M
$-58.6M
Q4 24
$-151.9M
$97.8M
Q3 24
$-121.3M
Q2 24
$-120.4M
$-19.9M
Q1 24
$-251.2M
$11.7M
Gross Margin
ONC
ONC
RJET
RJET
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%
Q1 24
83.4%
Operating Margin
ONC
ONC
RJET
RJET
Q4 25
12.4%
22.0%
Q3 25
11.5%
-10.1%
Q2 25
6.7%
-0.2%
Q1 25
1.0%
-60.4%
Q4 24
-7.0%
18.7%
Q3 24
-12.0%
Q2 24
-11.5%
-8.1%
Q1 24
-34.8%
8.8%
Net Margin
ONC
ONC
RJET
RJET
Q4 25
4.4%
Q3 25
8.8%
-15.6%
Q2 25
7.2%
22.5%
Q1 25
0.1%
-61.9%
Q4 24
-13.5%
12.1%
Q3 24
-12.1%
Q2 24
-13.0%
-18.0%
Q1 24
-33.4%
8.9%
EPS (diluted)
ONC
ONC
RJET
RJET
Q4 25
$0.05
$3.13
Q3 25
$0.08
$-0.34
Q2 25
$0.06
$0.50
Q1 25
$0.00
$-1.42
Q4 24
$-0.10
$2.42
Q3 24
$-0.09
Q2 24
$-0.09
$-0.48
Q1 24
$-0.19
$0.28

Balance Sheet & Financial Strength

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

Metric
ONC
ONC
RJET
RJET
Cash + ST InvestmentsLiquidity on hand
$4.5B
$296.5M
Total DebtLower is stronger
$836.4M
$882.9M
Stockholders' EquityBook value
$4.4B
$1.3B
Total Assets
$8.2B
$3.3B
Debt / EquityLower = less leverage
0.19×
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ONC
ONC
RJET
RJET
Q4 25
$4.5B
$296.5M
Q3 25
$4.0B
$38.7M
Q2 25
$2.8B
$42.5M
Q1 25
$2.5B
$54.1M
Q4 24
$2.6B
$302.0M
Q3 24
$2.7B
Q2 24
$2.6B
$16.3M
Q1 24
$2.8B
$18.5M
Total Debt
ONC
ONC
RJET
RJET
Q4 25
$836.4M
$882.9M
Q3 25
$27.0M
Q2 25
$28.2M
Q1 25
$31.7M
Q4 24
$752.2M
Q3 24
Q2 24
$287.7M
Q1 24
$299.0M
Stockholders' Equity
ONC
ONC
RJET
RJET
Q4 25
$4.4B
$1.3B
Q3 25
$4.1B
$-52.6M
Q2 25
$3.8B
$-38.7M
Q1 25
$3.5B
$-59.8M
Q4 24
$3.3B
$1.1B
Q3 24
$3.4B
Q2 24
$3.4B
$134.9M
Q1 24
$3.4B
$154.7M
Total Assets
ONC
ONC
RJET
RJET
Q4 25
$8.2B
$3.3B
Q3 25
$7.6B
$158.9M
Q2 25
$6.3B
$178.6M
Q1 25
$5.8B
$215.0M
Q4 24
$5.9B
$2.8B
Q3 24
$5.8B
Q2 24
$5.7B
$664.4M
Q1 24
$5.7B
$706.3M
Debt / Equity
ONC
ONC
RJET
RJET
Q4 25
0.19×
0.66×
Q3 25
Q2 25
Q1 25
Q4 24
0.68×
Q3 24
Q2 24
2.13×
Q1 24
1.93×

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
RJET
RJET
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
RJET
RJET
Q4 25
$417.3M
Q3 25
$402.6M
Q2 25
$263.6M
$-9.4M
Q1 25
$44.1M
Q4 24
$75.2M
$184.0M
Q3 24
$188.4M
Q2 24
$-95.6M
$11.2M
Q1 24
$-308.6M
Free Cash Flow
ONC
ONC
RJET
RJET
Q4 25
$379.8M
Q3 25
$354.5M
Q2 25
$219.8M
$-10.5M
Q1 25
$-12.3M
Q4 24
$-17.3M
$-42.7M
Q3 24
$54.7M
Q2 24
$-205.5M
$7.5M
Q1 24
$-465.1M
FCF Margin
ONC
ONC
RJET
RJET
Q4 25
25.4%
Q3 25
25.1%
Q2 25
16.7%
-11.3%
Q1 25
-1.1%
Q4 24
-1.5%
-5.3%
Q3 24
5.5%
Q2 24
-22.1%
6.8%
Q1 24
-61.9%
Capex Intensity
ONC
ONC
RJET
RJET
Q4 25
2.5%
Q3 25
3.4%
Q2 25
3.3%
1.2%
Q1 25
5.0%
Q4 24
8.2%
28.0%
Q3 24
13.3%
Q2 24
11.8%
3.4%
Q1 24
20.8%
Cash Conversion
ONC
ONC
RJET
RJET
Q4 25
6.28×
Q3 25
3.22×
Q2 25
2.79×
-0.45×
Q1 25
34.71×
Q4 24
1.88×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ONC
ONC

Segment breakdown not available.

RJET
RJET

United Airlines$517.5M48%
Delta Air Lines$409.7M38%
Other$49.9M5%
Republic Airways Holdings Inc.$42.2M4%
Other Airlines$25.7M2%
LIFT Academy$23.2M2%

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