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百济神州（ONC）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
百济神州的季度营收约是思佳讯的1.4倍（$1.5B vs $1.0B），思佳讯净利率更高（7.6% vs 4.4%，领先3.2%），百济神州同比增速更快（32.8% vs 8.6%），百济神州自由现金流更多（$379.8M vs $339.0M），过去两年百济神州的营收复合增速更高（41.2% vs -0.5%）
BeOne Medicines（原百济神州）是一家跨国肿瘤领域制药企业，专注于癌症治疗创新药物的研发与商业化，致力于为全球癌症患者提供更有效、可及性更高的治疗方案，改善患者的生存质量与预后。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
ONC vs SWKS — 直观对比
营收规模更大
ONC
是对方的1.4倍
$1.0B
营收增速更快
ONC
高出24.2%
8.6%
净利率更高
SWKS
高出3.2%
4.4%
自由现金流更多
ONC
多$40.8M
$339.0M
两年增速更快
ONC
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.0B |
| 净利润 | $66.5M | $79.2M |
| 毛利率 | 90.5% | 41.3% |
| 营业利润率 | 12.4% | 10.0% |
| 净利率 | 4.4% | 7.6% |
| 营收同比 | 32.8% | 8.6% |
| 净利润同比 | 143.8% | 15.3% |
| 每股收益（稀释后） | $0.05 | $0.53 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ONCSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.3B | $965.0M | ||
| Q1 25 | $1.1B | $953.2M | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.0B | $1.0B | ||
| Q2 24 | $929.2M | $905.5M |
净利润ONCSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $66.5M | $141.4M | ||
| Q3 25 | $124.8M | — | ||
| Q2 25 | $94.3M | $105.0M | ||
| Q1 25 | $1.3M | $68.7M | ||
| Q4 24 | $-151.9M | $162.0M | ||
| Q3 24 | $-121.3M | $60.5M | ||
| Q2 24 | $-120.4M | $120.9M |
毛利率ONCSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 90.5% | 40.7% | ||
| Q3 25 | 86.1% | — | ||
| Q2 25 | 87.5% | 41.6% | ||
| Q1 25 | 85.2% | 41.1% | ||
| Q4 24 | 85.8% | 41.4% | ||
| Q3 24 | 83.0% | 41.9% | ||
| Q2 24 | 85.1% | 40.2% |
营业利润率ONCSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 12.4% | 10.1% | ||
| Q3 25 | 11.5% | — | ||
| Q2 25 | 6.7% | 11.5% | ||
| Q1 25 | 1.0% | 10.2% | ||
| Q4 24 | -7.0% | 16.9% | ||
| Q3 24 | -12.0% | 5.8% | ||
| Q2 24 | -11.5% | 14.4% |
净利率ONCSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 4.4% | 12.9% | ||
| Q3 25 | 8.8% | — | ||
| Q2 25 | 7.2% | 10.9% | ||
| Q1 25 | 0.1% | 7.2% | ||
| Q4 24 | -13.5% | 15.2% | ||
| Q3 24 | -12.1% | 5.9% | ||
| Q2 24 | -13.0% | 13.4% |
每股收益（稀释后）ONCSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $0.05 | $0.95 | ||
| Q3 25 | $0.08 | — | ||
| Q2 25 | $0.06 | $0.70 | ||
| Q1 25 | $0.00 | $0.43 | ||
| Q4 24 | $-0.10 | $1.00 | ||
| Q3 24 | $-0.09 | $0.36 | ||
| Q2 24 | $-0.09 | $0.75 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $4.5B | $1.6B |
| 总债务越低越好 | $836.4M | $496.6M |
| 股东权益账面价值 | $4.4B | $5.8B |
| 总资产 | $8.2B | $7.9B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资ONCSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $4.5B | $1.4B | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $2.8B | $1.3B | ||
| Q1 25 | $2.5B | $1.5B | ||
| Q4 24 | $2.6B | $1.7B | ||
| Q3 24 | $2.7B | $1.6B | ||
| Q2 24 | $2.6B | $1.3B |
总债务ONCSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $836.4M | $496.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $496.2M | ||
| Q1 25 | — | $995.1M | ||
| Q4 24 | — | $994.7M | ||
| Q3 24 | — | $994.3M | ||
| Q2 24 | — | $994.0M |
股东权益ONCSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $4.4B | $5.8B | ||
| Q3 25 | $4.1B | — | ||
| Q2 25 | $3.8B | $5.7B | ||
| Q1 25 | $3.5B | $5.9B | ||
| Q4 24 | $3.3B | $6.4B | ||
| Q3 24 | $3.4B | $6.3B | ||
| Q2 24 | $3.4B | $6.3B |
总资产ONCSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $8.2B | $7.9B | ||
| Q3 25 | $7.6B | — | ||
| Q2 25 | $6.3B | $7.7B | ||
| Q1 25 | $5.8B | $7.9B | ||
| Q4 24 | $5.9B | $8.3B | ||
| Q3 24 | $5.8B | $8.3B | ||
| Q2 24 | $5.7B | $8.2B |
负债/权益比ONCSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 0.19× | 0.09× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $417.3M | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $379.8M | $339.0M |
| 自由现金流率自由现金流/营收 | 25.4% | 32.7% |
| 资本支出强度资本支出/营收 | 2.5% | 5.5% |
| 现金转化率经营现金流/净利润 | 6.28× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $941.7M | $1.1B |
8季度趋势，按日历期对齐
经营现金流ONCSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $417.3M | $200.0M | ||
| Q3 25 | $402.6M | — | ||
| Q2 25 | $263.6M | $314.2M | ||
| Q1 25 | $44.1M | $409.4M | ||
| Q4 24 | $75.2M | $377.2M | ||
| Q3 24 | $188.4M | $476.1M | ||
| Q2 24 | $-95.6M | $273.4M |
自由现金流ONCSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $379.8M | $144.0M | ||
| Q3 25 | $354.5M | — | ||
| Q2 25 | $219.8M | $252.7M | ||
| Q1 25 | $-12.3M | $370.9M | ||
| Q4 24 | $-17.3M | $338.2M | ||
| Q3 24 | $54.7M | $393.3M | ||
| Q2 24 | $-205.5M | $249.0M |
自由现金流率ONCSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 25.4% | 13.1% | ||
| Q3 25 | 25.1% | — | ||
| Q2 25 | 16.7% | 26.2% | ||
| Q1 25 | -1.1% | 38.9% | ||
| Q4 24 | -1.5% | 31.7% | ||
| Q3 24 | 5.5% | 38.4% | ||
| Q2 24 | -22.1% | 27.5% |
资本支出强度ONCSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 2.5% | 5.1% | ||
| Q3 25 | 3.4% | — | ||
| Q2 25 | 3.3% | 6.4% | ||
| Q1 25 | 5.0% | 4.0% | ||
| Q4 24 | 8.2% | 3.6% | ||
| Q3 24 | 13.3% | 8.1% | ||
| Q2 24 | 11.8% | 2.7% |
现金转化率ONCSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 6.28× | 1.41× | ||
| Q3 25 | 3.22× | — | ||
| Q2 25 | 2.79× | 2.99× | ||
| Q1 25 | 34.71× | 5.96× | ||
| Q4 24 | — | 2.33× | ||
| Q3 24 | — | 7.87× | ||
| Q2 24 | — | 2.26× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ONC
暂无分部数据
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
