BeOne Medicines Ltd.
ONC· Nasdaq, OTC· Pharmaceutical Preparations
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 17.6%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +76.8%
We record prices for the companies we cover; ONC is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 1.47B
- Revenue
- $5.3B
- Free cash flow
- $941.7M
- Owner earnings
- $430.9M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- 87.5%
- Operating
- 8.4%
- Net
- 5.4%
- Free cash flow
- 17.6%
- Owner earnings
- 8.1%
- Stock pay
- 9.6%
Returns
- ROIC, FY2025
- 36.6%
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 6.6%
- ROE, 5 yr avg
- -21.4%
Growth (CAGR)
- Revenue, 3 yr
- 55.7%
- Revenue, 5 yr
- 76.8%
- Revenue, 9 yr
- 157.6%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $4.5B
- Total debt
- $1.0B
- Net cash
- $3.5B
- Debt/Equity
- 0.2x
- Debt/FCF
- 1.1x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 6.3%
Financials: ten years from the 10-Ks
Revenue
$5.3B
+157.6% a year over 9 years
FY2016FY2025
Margins
Gross87.5%Operating8.4%Net5.4%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$941.7MOwner earnings$430.9M
FY2025
FY2016FY2025
Diluted shares
1.47B
+88.9% over 9 years, net dilution
FY2016FY2025
Return on invested capital
36.6%
FY2025
FY2016FY2025
Net cash
$3.5B
$3.5B more cash than debt
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $1.1M | $238.4M | $198.2M | $428.2M | $308.9M | $1.2B | $1.4B | $2.5B | $3.8B | $5.3B |
| Revenue growth | -87.9% | 22179.2% | -16.8% | 116.0% | -27.9% | 280.8% | 20.4% | 73.7% | 55.0% | 40.2% |
| Gross margin | – | – | – | – | – | 86.0% | 79.8% | 84.5% | 84.4% | 87.5% |
| Operating margin | -10940.2% | -41.3% | -356.1% | -224.2% | -536.7% | -122.3% | -126.4% | -49.1% | -14.9% | 8.4% |
| Net income | -$119.2M | -$93.1M | -$673.8M | -$948.6M | -$1.6B | -$1.5B | -$2.0B | -$881.7M | -$644.8M | $286.9M |
| Net margin | -11141.8% | -39.1% | -339.9% | -221.5% | -526.1% | -123.9% | -141.5% | -35.9% | -16.9% | 5.4% |
| Diluted EPS | – | – | – | $-1.22 | $-1.50 | $-1.21 | $-1.49 | $-0.65 | $-0.47 | $0.19 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | 36.6% |
| Cash | ||||||||||
| Operating cash flow | -$89.5M | $12.8M | -$547.7M | -$750.3M | -$1.3B | -$1.3B | -$1.5B | -$1.2B | -$140.6M | $1.1B |
| Capital expenditure | $23.5M | $46.4M | $70.3M | $89.6M | $117.5M | $262.9M | $325.4M | $561.9M | $492.7M | $185.8M |
| Free cash flow | -$113.0M | -$33.6M | -$618.0M | -$839.9M | -$1.4B | -$1.6B | -$1.8B | -$1.7B | -$633.3M | $941.7M |
| Stock-based compensation | $10.6M | $42.9M | $87.1M | $134.2M | $183.5M | $240.7M | $303.2M | $367.6M | $441.6M | $510.9M |
| Owner earnings? | -$123.6M | -$76.5M | -$705.1M | -$974.0M | -$1.6B | -$1.8B | -$2.1B | -$2.1B | -$1.1B | $430.9M |
| Free cash flow per share | – | – | – | $-1.08 | $-1.29 | $-1.29 | $-1.36 | $-1.27 | $-0.46 | $0.64 |
| Capital allocation | ||||||||||
| Dividends paid | – | – | – | – | – | – | – | – | – | – |
| Share repurchases | – | – | – | – | – | – | – | – | – | – |
| Diluted shares | – | – | – | 780.7M | 1.09B | 1.21B | 1.34B | 1.36B | 1.37B | 1.47B |
| Share count change? | – | – | – | – | 39.0% | 11.2% | 11.2% | 1.2% | 0.9% | 7.8% |
| Balance sheet | ||||||||||
| Cash and equivalents | $87.5M | $239.6M | $712.9M | $618.0M | $1.4B | $4.4B | $3.9B | $3.2B | $2.6B | $4.5B |
| Short-term investments | $280.7M | $597.9M | $1.1B | $364.7M | $3.3B | $2.2B | $665.3M | $2.6M | – | – |
| Total debt | $17.3M | $18.4M | $49.5M | $83.3M | $853.7M | $629.7M | $538.1M | $886.0M | $1.0B | $1.0B |
| Net debt | -$350.9M | -$819.1M | -$1.7B | -$899.4M | -$3.8B | -$6.0B | -$4.0B | -$2.3B | -$1.6B | -$3.5B |
| Shareholders' equity | $352.9M | $669.8M | $1.7B | $962.2M | $3.9B | $6.1B | $4.4B | $3.5B | $3.3B | $4.4B |
Latest filings
| 2026-08-26 | 8-K | Earnings release |
| 2026-08-05 | 10-Q | Quarterly report |
| 2026-08-05 | 8-K | Earnings release |
| 2026-05-06 | 10-Q | Quarterly report |
| 2026-05-06 | 8-K | Earnings release |
| 2026-04-28 | DEF 14A | Proxy statement |
| 2026-04-14 | 8-K | Earnings release |
| 2026-02-26 | 10-K | Annual report |
| 2026-02-26 | 8-K | Earnings release |
| 2025-11-06 | 10-Q | Quarterly report |
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