Company Analysis

BeOne Medicines Ltd. (ONC)

Nasdaq: ONC · Pharmaceutical Preparations · Basel · filing with the SEC since 2015
Grade6.6
◀ Past 6.4● Present 7.2▶ Future 5.9
1 est.

The grade of BeOne Medicines Ltd.

Nine metrics read from its own filings, by tense
Headline grade
6.6/10
◀ Past6.430% of the headline
● Present7.240% of the headline
▶ Future5.930% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.4/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
4.5/10

Has it survived what it has been through?

3 warning events since 2017; the latest 2022-03-25.

weight 33% of this tense · 44th percentile among 497 sector filers · read for itself

From the record

BeOne Medicines Ltd.'s filings since 2017 show 3 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2017-06-12); an auditor change (8-K item 4.01, the latest 2022-03-25) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.3/10

What has it actually done, year after year?

+157.6% a year over 10 filed years; profitable in 1 of 10.

weight 45% of this tense · 73rd percentile among 323 sector filers · read for its customers

From the record

BeOne Medicines Ltd.'s 10 filed years say what it did: revenue went from $1 million in fiscal 2016 to $5.3 billion in fiscal 2025, up 157.6% a year; it rose in 7 of 9 years; the deepest fall was 28% from fiscal 2019 to fiscal 2020; net income was positive in 1 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span157.6%top 4% of its family
  • the share of years revenue rosetop 28% of its family
  • the share of filed years with a profittop 42% of its family
  • the deepest fall from a revenue peak27.9%top 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
7.7/10

How has it treated the people who own it?

SI estimate 7.7/10, confidence 35 of 100 (one part).

weight 22% of this tense · 77th percentile among 464 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 23% of 464 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 464 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: BeOne Medicines Ltd.'s shareholder treatment is put at 7.7 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 23% of 464 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

7.2/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
6.9/10

Is it financially healthy right now?

ROE 7%: 7¢ of profit per shareholder dollar. Leverage 47%: owes 47¢ per asset dollar.

weight 45% of this tense · 69th percentile among 473 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, BeOne Medicines Ltd. earned about 7 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 57 cents per dollar of everything the company owns. Leverage: it owed about 47 cents per dollar of assets, and net share issuance: its share count grew 7.8% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 36% of its family
  • return on equitytop 15% of its family
  • gross profit against assetstop 12% of its family
  • the share count against the year beforetop 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
8.4/10

How strong is its position in its industry?

top 16% of 315 in its family; net margin 5.4%.

weight 33% of this tense · 84th percentile among 315 sector filers · read for its customers

From the record

BeOne Medicines Ltd.'s standing among 315 graded names in its industry family: revenue of $5.3 billion in fiscal 2025 ranks in the top 6% by size; a net margin of 5.4% ranks in the top 20%; revenue growth of 55.7% a year over the last 3 filed years ranks in the top 22% (its annual reports).

What it rests on

  • revenue against the family$5.34Btop 6% of its family
  • net margin5.4%top 20% of its family
  • three-year revenue growth55.7%top 22% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
6.1/10

What are the people in charge doing?

top 39% of 315 in its family for leadership; chief executive since 2016.

weight 22% of this tense · 61st percentile among 315 sector filers · read for its shareholders

From the record

BeOne Medicines Ltd.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Oyler, John (Chief Executive Officer, as filed), filing under that title since 2016-02-02, 10.8 years (top 15% of its family); the 18 officers and directors filing in the last fifteen months have been on the record a median of 5.2 years (bottom 39%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 18 people in charge now (top 42%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge7 in three years among 18 peopletop 42% of its family
  • the median years the people in charge have filed5.2 yearsbottom 39% of its family
  • the chief executive's years on the record10.8 yearstop 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.9/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.6/10

How much room does it have to grow?

top 34% of 273 in its family for room to expand.

weight 45% of this tense · 66th percentile among 273 sector filers · read for itself

From the record

BeOne Medicines Ltd.'s room to grow, from the newest filed statements (fiscal 2025): cash of $4.5 billion against debt of $962 million leaves 43.8% of its assets as net cash, top 36% of its family; cash from operations less capital spending is 17.6% of revenue (top 16%); a gross margin of 87.5% (top 22%); research spending of 40.2% of revenue (bottom 38%) (its annual report).

What it rests on

  • cash less debt against assets43.8%top 36% of its family
  • cash from operations less capital spending against revenue17.6%top 16% of its family
  • gross margin87.5%top 22% of its family
  • research spending against revenue40.2%bottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.6/10

What could actually drive growth from here?

bottom 46% of 306 in its family for growth drivers.

weight 33% of this tense · 46th percentile among 306 sector filers · read for its customers

From the record

BeOne Medicines Ltd.'s growth drivers, from the filed years to fiscal 2025: revenue grew 55.7% a year over the last three filed years against 157.6% over all 10, slowing (bottom 3% of its family); the newest year grew 40.3% (top 29%); research spending grew 9.4% a year (top 40%); capital spending grew -17% a year (bottom 48%) (its annual reports). BeOne Medicines Ltd. reported 2 product lines in fiscal 2025: Product at $5.3 billion (99%), Collaboration at $61 million (1%); 2 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-101.9 points a yearbottom 3% of its family
  • the newest year's revenue growth40.3%top 29% of its family
  • three-year growth of research spending9.4%top 40% of its family
  • three-year growth of capital spending-17.0%bottom 48% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.3/10

Did its newest year beat what its own record pointed to?

top 37% of 233 in its family for expectations against reality.

weight 22% of this tense · 63rd percentile among 233 sector filers · read for its shareholders

From the record

BeOne Medicines Ltd.'s newest year against its own record: revenue of $5.3 billion in fiscal 2025 came in 14.5% below the $6.2 billion its prior three years' pace pointed to (bottom 36% of its family); net income of $287 million against a prior three-year average of $1.2 billion (top 13%); a net margin of 5.4% against -64.8% before (top 35%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-14.5%bottom 36% of its family
  • net income against the prior three years' average+124%top 13% of its family
  • net margin against its prior average+70.1 pointstop 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ONC · research, not advice