BeOne Medicines Past Earnings Performance
Past criteria checks 3/6
BeOne Medicines has been growing earnings at an average annual rate of 31.4%, while the Biotechs industry saw earnings growing at 30% annually. Revenues have been growing at an average rate of 40.4% per year. BeOne Medicines's return on equity is 6.6%, and it has net margins of 5.4%.
Key information
31.44%
Earnings growth rate
34.48%
EPS growth rate
| Biotechs Industry Growth | 17.04% |
| Revenue growth rate | 40.39% |
| Return on equity | 6.58% |
| Net Margin | 5.37% |
| Next Earnings Update | 06 May 2026 |
Recent past performance updates
Recent updates
ONC: Hematology Leadership And 2026 Pipeline Readouts Will Re Rate Shares
BeOne Medicines' updated analyst price target reflects a modest adjustment, with fair value moving by about $1 per share as analysts balance slightly higher revenue and profit margin assumptions with a lower future P/E multiple following recent target changes and mixed rating updates across the Street. Analyst Commentary Recent research updates on BeOne Medicines show a mix of views, but there is a clear cluster of bullish analysts who see support for the current valuation and room for further upside based on execution around core products and the pipeline.
ONC: Hematology Strength And Slower Pipeline Progress Will Shape Fairly Valued Shares
The updated analyst price target for BeOne Medicines shifts to $336 from $321, as analysts factor in slightly higher modeled revenue growth, profit margins, and future P/E assumptions, alongside mixed recent research that includes both trims and increases in published targets. Analyst Commentary Recent research around BeOne Medicines reflects a mix of enthusiasm for its core hematology asset and a more cautious reset on what investors should pay for that story.
ONC: Hematology Pipeline Strength And Upcoming Data Readouts Will Drive Future Upside
BeOne Medicines' analyst price target has been nudged higher to reflect a fair value estimate of about $408, as analysts balance slightly softer long term growth and margin assumptions with ongoing confidence in Brukinsa and the broader hematology pipeline, including support from several recent target hikes and one downgrade to Hold. Analyst Commentary Bullish Takeaways Bullish analysts highlight Brukinsa as a core value driver, treating it as one of the stronger hematology assets and a key pillar supporting current fair value estimates in the low $400s.ONC: Hematology Franchise Strength And Pipeline Readouts Will Re Rate Shares
BeOne Medicines' updated analyst price target has moved lower, reflecting a reduced fair value estimate to $478.80 as analysts factor in more moderate revenue growth, slimmer profit margins, a slightly higher discount rate, and a higher future P/E multiple. This multiple is anchored by strong Brukinsa performance but a slower build for the next wave of assets.ONC: Brukinsa Reliance And Hematology Pipeline Will Shape Fairly Valued Shares
The analyst price target for BeOne Medicines has been nudged higher by about $13 to align with a fair value update to roughly $321. Analysts are factoring in Q4 results, ongoing Brukinsa performance, and a higher future P/E assumption, alongside slightly more conservative revenue growth and profit margin inputs.ONC: Hematology Pipeline Hype Will Pressure Shares If Execution Slips
Analysts have raised their price targets on BeOne Medicines by $9, citing a pipeline they view as underappreciated by the market and supporting that view with updated assumptions regarding growth, profitability, and valuation multiples. Analyst Commentary Recent research has centered on how fully the market is pricing BeOne Medicines' drug pipeline and long term earnings power into the current share price.ONC: Hematology And Solid Tumor Pipeline Progress Will Drive Future Upside
Analysts lifted their price target for BeOne Medicines to about $404, up roughly $3, citing increased conviction in the value of its hematology and solid tumor pipeline, which is reflected in a slightly higher assumed future P/E multiple. Analyst Commentary Recent research updates on BeOne Medicines cluster around a similar theme: bullish analysts are raising price targets and citing comfort with both the hematology and solid tumor franchises, while also highlighting execution risks that investors should keep in mind.ONC: Hematology Franchise And Oncology Pipeline Are Expected To Re Rate Shares
Analysts have lifted their price targets on BeOne Medicines into the low US$400s, and our fair value estimate has edged up to about US$508 as they highlight what they see as underappreciation of the pipeline, the potential for best in class hematology assets, and additional upside from oncology trial updates. Analyst Commentary Recent Street research on BeOne Medicines has tilted clearly positive, with a series of price target increases into the low US$400s range and at least one rating upgrade.ONC: Fair View Balances Blood Cancer Progress With Gastroesophageal Cancer Opportunity
The analyst price target for BeOne Medicines has moved higher to reflect a fair value estimate of $292.03, with analysts pointing to stronger modeled revenue growth and profit margins, supported by recent Street research around Brukinsa performance, Ziihera phase III progress in HER2-positive GEA with Tevimbra, and continued confidence in the CLL and solid tumor pipeline. Analyst Commentary Recent Street research on BeOne Medicines has generally pointed to constructive views on the company’s core franchises, with several price targets adjusted higher alongside updates on Brukinsa, sonrotoclax, and the broader CLL and solid tumor pipeline.ONC: Priority Review And Trial Progress Will Drive Future Upside Momentum
Analysts have nudged their blended price target for BeOne Medicines up by about $3 to roughly $402, citing stronger confidence in the chronic lymphocytic leukemia and solid tumor pipelines, recent Ziihera and Tevimbra data, and repeated quarterly beats that support steadily improving margins despite a slightly higher discount rate. Analyst Commentary Bullish analysts point to a broad set of recent price target hikes in the high $380s to low $420s range as evidence that the market is re-rating BeOne Medicines higher on both execution and pipeline visibility.ONC: Priority Review And Trial Updates Will Drive Momentum Amid Sector Risks
BeOne Medicines’ analyst price target has edged up from $395 to $399, as analysts point to key clinical updates and solid quarterly performance as catalysts for incremental upside. Analyst Commentary Recent research notes from Street analysts highlight both strengths and risks for BeOne Medicines as the company navigates pivotal clinical developments and posts strong financial results.ONC: Pipeline Data And Conference Updates Will Shape Outlook Amid Sector Risks
Analysts have increased their fair value estimate for BeOne Medicines to $395.37 from $382.29, citing strong quarterly results as well as an improved outlook for key therapies and pipeline advancements. Analyst Commentary Bullish analysts emphasized several positive trends in BeOne Medicines' recent performance and outlook, resulting in a series of raised price targets and continued positive ratings.We Think BeOne Medicines' (NASDAQ:ONC) Profit Is Only A Baseline For What They Can Achieve
Nov 14
ONC: Pivotal Oncology Trial Data Will Drive Future Upside Momentum
BeOne Medicines' fair value price target has risen modestly by $1.20 to $382.29. Analysts cite increased confidence in peak sales for sonrotoclax and the company's broadly advancing oncology pipeline as key drivers for the upward adjustment.Oncology Trials And Global Expansion Will Unlock Future Markets
Analysts have raised their fair value price target for BeOne Medicines from $372.97 to $381.09. They cite accelerating revenue growth, an improved profit margin outlook, and positive pivotal trial catalysts as reasons for their more optimistic projections.BeOne Medicines: Sonrotoclax Could Set Next Stage Of Growth For Hematology Pipeline
Oct 14Oncology Trials And Global Expansion Will Unlock Future Markets
Analysts have increased their fair value price target for BeOne Medicines by approximately $5 to $372.97. They cite robust Q2 sales growth, encouraging pipeline developments, and upward revisions to revenue forecasts as reasons for the adjustment.Oncology Trials And Global Expansion Will Unlock Future Markets
BeOne Medicines’ consensus price target was raised to $367.68, reflecting analyst optimism driven by robust sales growth, positive pipeline updates, profitability, and increased revenue guidance. Analyst Commentary Bullish analysts highlight BeOne Medicines’ broad oncology pipeline and upcoming pivotal data readouts—specifically BTK inhibitor data in mantle cell lymphoma and PD1 inhibitor/anti-HER2 combination results in gastroesophageal cancer—as key drivers for durable growth.Oncology Trials And Global Expansion Will Unlock Future Markets
The consensus analyst price target for BeOne Medicines was raised to $363.30, primarily driven by strong Brukinsa Q2 sales, improved forward revenue guidance, and ongoing pipeline progress. Analyst Commentary Bullish analysts cite robust Q2 sales growth, particularly from Brukinsa in the US and EU, as the main driver for upward price target revisions.Oncology Trials And Global Expansion Will Unlock Future Markets
With both revenue growth and net profit margin expectations remaining essentially unchanged, analysts have maintained BeOne Medicines’ fair value at a consensus price target of $357.18. What's in the News BeOne Medicines raised 2025 revenue guidance to $5.0–$5.3 billion, now expecting positive GAAP operating income.Shareholders Would Not Be Objecting To BeiGene, Ltd.'s (NASDAQ:ONC) CEO Compensation And Here's Why
May 15
US Facility And Phase III Trials Will Expand Markets
Expansion of manufacturing capabilities and global market presence aims to boost revenue and market share, particularly in B-cell malignancies.BeiGene: Q4 Results Impress With Positive Earnings Expected In 2025
Feb 28BeiGene: Nearing Profitability On TEVIMBRA Approval In The EU And US
Dec 01Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How BeOne Medicines makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 5,343 | 287 | 2,081 | 2,146 |
| 30 Sep 25 | 4,973 | 69 | 2,032 | 2,072 |
| 30 Jun 25 | 4,562 | -178 | 1,958 | 2,045 |
| 31 Mar 25 | 4,176 | -392 | 1,864 | 1,975 |
| 31 Dec 24 | 3,810 | -645 | 1,831 | 1,953 |
| 30 Sep 24 | 3,306 | -822 | 1,719 | 1,882 |
| 30 Jun 24 | 3,097 | -524 | 1,656 | 1,862 |
| 31 Mar 24 | 2,763 | -784 | 1,608 | 1,831 |
| 31 Dec 23 | 2,459 | -882 | 1,508 | 1,779 |
| 30 Sep 23 | 2,143 | -976 | 1,402 | 2,897 |
| 30 Jun 23 | 1,811 | -1,732 | 1,376 | 2,472 |
| 31 Mar 23 | 1,557 | -1,917 | 1,313 | 2,049 |
| 31 Dec 22 | 1,416 | -2,004 | 1,279 | 1,641 |
| 30 Sep 22 | 1,250 | -2,149 | 1,257 | 0 |
| 30 Jun 22 | 1,069 | -2,030 | 1,203 | 0 |
| 31 Mar 22 | 877 | -1,960 | 1,104 | 0 |
| 31 Dec 21 | 1,176 | -1,458 | 990 | 1,459 |
| 30 Sep 21 | 1,062 | -1,340 | 892 | 0 |
| 30 Jun 21 | 947 | -1,327 | 783 | 0 |
| 31 Mar 21 | 863 | -1,167 | 675 | 0 |
| 31 Dec 20 | 309 | -1,625 | 600 | 0 |
| 30 Sep 20 | 266 | -1,512 | 535 | 0 |
| 30 Jun 20 | 225 | -1,394 | 479 | 0 |
| 31 Mar 20 | 402 | -1,145 | 438 | 0 |
| 31 Dec 19 | 428 | -949 | 388 | 0 |
| 30 Sep 19 | 430 | -829 | 317 | 0 |
| 30 Jun 19 | 434 | -665 | 261 | 0 |
| 31 Mar 19 | 244 | -737 | 224 | 0 |
| 31 Dec 18 | 198 | -674 | 195 | 0 |
| 30 Sep 18 | 158 | -505 | 150 | 0 |
| 30 Jun 18 | 324 | -243 | 117 | 0 |
| 31 Mar 18 | 271 | -147 | 83 | 0 |
| 31 Dec 17 | 238 | -93 | 63 | 0 |
| 30 Sep 17 | 220 | -31 | 44 | -5 |
| 30 Jun 17 | 0 | -184 | 33 | 0 |
| 31 Mar 17 | 0 | -148 | 26 | 0 |
| 31 Dec 16 | 1 | -119 | 20 | 0 |
| 30 Sep 16 | 6 | -109 | 15 | 5 |
| 30 Jun 16 | 7 | -87 | 12 | 0 |
| 31 Mar 16 | 8 | -69 | 9 | 0 |
| 31 Dec 15 | 9 | -57 | 7 | 0 |
| 30 Sep 15 | 6 | -34 | 6 | 0 |
| 30 Jun 15 | 11 | -29 | 8 | 0 |
Quality Earnings: ONC has high quality earnings.
Growing Profit Margin: ONC became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ONC has become profitable over the past 5 years, growing earnings by 31.4% per year.
Accelerating Growth: ONC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ONC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Biotechs industry (40.2%).
Return on Equity
High ROE: ONC's Return on Equity (6.6%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/04 10:49 |
| End of Day Share Price | 2026/05/01 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
BeOne Medicines AG is covered by 66 analysts. 33 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tianli Wen | Aletheia Analyst Network Limited |
| Brian Skorney | Baird |
| Peter Lawson | Barclays |