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ONC vs MGNX
Revenue, margins, valuation, and 5-year total return — side by side.
Biotechnology
ONC vs MGNX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Medical - Pharmaceuticals | Biotechnology |
| Market Cap | $33.87B | $186M |
| Revenue (TTM) | $5.74B | $150M |
| Net Income (TTM) | $513M | $-75M |
| Gross Margin | 88.3% | — |
| Operating Margin | 12.0% | -48.7% |
| Forward P/E | 51.9x | — |
| Total Debt | $2.00B | $37M |
| Cash & Equiv. | $4.55B | $57M |
ONC vs MGNX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| BeOne Medicines Ltd. (ONC) | 100 | 191.5 | +91.5% |
| MacroGenics, Inc. (MGNX) | 100 | 15.3 | -84.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ONC vs MGNX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
ONC carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- beta 0.70
- Rev growth 40.2%, EPS growth 6.4%, 3Y rev CAGR 55.7%
- 10.5% 10Y total return vs MGNX's -84.4%
MGNX is the clearest fit if your priority is momentum.
- +97.3% vs ONC's +36.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 40.2% revenue growth vs MGNX's 0.8% | |
| Quality / Margins | 8.9% margin vs MGNX's -49.9% | |
| Stability / Safety | Beta 0.70 vs MGNX's 1.93, lower leverage | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +97.3% vs ONC's +36.5% | |
| Efficiency (ROA) | 6.7% ROA vs MGNX's -29.9%, ROIC 18.6% vs -18.8% |
ONC vs MGNX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
ONC vs MGNX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
ONC leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
ONC is the larger business by revenue, generating $5.7B annually — 38.4x MGNX's $150M. ONC is the more profitable business, keeping 8.9% of every revenue dollar as net income compared to MGNX's -49.9%. On growth, MGNX holds the edge at +132.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $5.7B | $150M |
| EBITDAEarnings before interest/tax | $948M | -$73M |
| Net IncomeAfter-tax profit | $513M | -$75M |
| Free Cash FlowCash after capex | $846M | -$83M |
| Gross MarginGross profit ÷ Revenue | +88.3% | — |
| Operating MarginEBIT ÷ Revenue | +12.0% | -48.7% |
| Net MarginNet income ÷ Revenue | +8.9% | -49.9% |
| FCF MarginFCF ÷ Revenue | +14.7% | -55.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +35.5% | +132.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +2547.0% | +8.0% |
Valuation Metrics
MGNX leads this category, winning 3 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $33.9B | $186M |
| Enterprise ValueMkt cap + debt − cash | $31.3B | $166M |
| Trailing P/EPrice ÷ TTM EPS | 9.64x | -2.49x |
| Forward P/EPrice ÷ next-FY EPS est. | 51.91x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 53.20x | — |
| Price / SalesMarket cap ÷ Revenue | 6.34x | 1.25x |
| Price / BookPrice ÷ Book value/share | 8.25x | 3.34x |
| Price / FCFMarket cap ÷ FCF | 35.97x | — |
Profitability & Efficiency
ONC leads this category, winning 7 of 8 comparable metrics.
Profitability & Efficiency
ONC delivers a 12.1% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $-120 for MGNX. ONC carries lower financial leverage with a 0.46x debt-to-equity ratio, signaling a more conservative balance sheet compared to MGNX's 0.66x. On the Piotroski fundamental quality scale (0–9), ONC scores 7/9 vs MGNX's 3/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +12.1% | -120.2% |
| ROA (TTM)Return on assets | +6.7% | -29.9% |
| ROICReturn on invested capital | +18.6% | -18.8% |
| ROCEReturn on capital employed | +8.9% | -34.7% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 3 |
| Debt / EquityFinancial leverage | 0.46x | 0.66x |
| Net DebtTotal debt minus cash | -$2.5B | -$20M |
| Cash & Equiv.Liquid assets | $4.5B | $57M |
| Total DebtShort + long-term debt | $2.0B | $37M |
| Interest CoverageEBIT ÷ Interest expense | 17.46x | — |
Total Returns (Dividends Reinvested)
ONC leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in ONC five years ago would be worth $10,161 today (with dividends reinvested), compared to $924 for MGNX. Over the past 12 months, MGNX leads with a +97.3% total return vs ONC's +36.5%. The 3-year compound annual growth rate (CAGR) favors ONC at 7.7% vs MGNX's -25.9% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +1.9% | +82.6% |
| 1-Year ReturnPast 12 months | +36.5% | +97.3% |
| 3-Year ReturnCumulative with dividends | +24.8% | -59.4% |
| 5-Year ReturnCumulative with dividends | +1.6% | -90.8% |
| 10-Year ReturnCumulative with dividends | +1045.6% | -84.4% |
| CAGR (3Y)Annualised 3-year return | +7.7% | -25.9% |
Risk & Volatility
ONC leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
ONC is the less volatile stock with a 0.70 beta — it tends to amplify market swings less than MGNX's 1.93 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ONC currently trades 82.3% from its 52-week high vs MGNX's 75.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.70x | 1.93x |
| 52-Week HighHighest price in past year | $385.22 | $3.88 |
| 52-Week LowLowest price in past year | $218.31 | $1.19 |
| % of 52W HighCurrent price vs 52-week peak | +82.3% | +75.8% |
| RSI (14)Momentum oscillator 0–100 | 57.7 | 45.1 |
| Avg Volume (50D)Average daily shares traded | 237K | 1.1M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates ONC as "Buy" and MGNX as "Buy". Consensus price targets imply 104.1% upside for MGNX (target: $6) vs 26.6% for ONC (target: $401).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $401.29 | $6.00 |
| # AnalystsCovering analysts | 13 | 22 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
ONC leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). MGNX leads in 1 (Valuation Metrics).
ONC vs MGNX: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is ONC or MGNX a better buy right now?
For growth investors, BeOne Medicines Ltd.
(ONC) is the stronger pick with 40. 2% revenue growth year-over-year, versus 0. 8% for MacroGenics, Inc. (MGNX). BeOne Medicines Ltd. (ONC) offers the better valuation at 9. 6x trailing P/E (51. 9x forward), making it the more compelling value choice. Analysts rate BeOne Medicines Ltd. (ONC) a "Buy" — based on 13 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — ONC or MGNX?
Over the past 5 years, BeOne Medicines Ltd.
(ONC) delivered a total return of +1. 6%, compared to -90. 8% for MacroGenics, Inc. (MGNX). Over 10 years, the gap is even starker: ONC returned +1046% versus MGNX's -84. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — ONC or MGNX?
By beta (market sensitivity over 5 years), BeOne Medicines Ltd.
(ONC) is the lower-risk stock at 0. 70β versus MacroGenics, Inc. 's 1. 93β — meaning MGNX is approximately 176% more volatile than ONC relative to the S&P 500. On balance sheet safety, BeOne Medicines Ltd. (ONC) carries a lower debt/equity ratio of 46% versus 66% for MacroGenics, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — ONC or MGNX?
By revenue growth (latest reported year), BeOne Medicines Ltd.
(ONC) is pulling ahead at 40. 2% versus 0. 8% for MacroGenics, Inc. (MGNX). On earnings-per-share growth, the picture is similar: BeOne Medicines Ltd. grew EPS 637. 4% year-over-year, compared to -10. 3% for MacroGenics, Inc.. Over a 3-year CAGR, ONC leads at 55. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — ONC or MGNX?
BeOne Medicines Ltd.
(ONC) is the more profitable company, earning 5. 4% net margin versus -49. 9% for MacroGenics, Inc. — meaning it keeps 5. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ONC leads at 8. 4% versus -48. 7% for MGNX. At the gross margin level — before operating expenses — ONC leads at 87. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is ONC or MGNX more undervalued right now?
Analyst consensus price targets imply the most upside for MGNX: 104.
1% to $6. 00.
07Which pays a better dividend — ONC or MGNX?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
08Is ONC or MGNX better for a retirement portfolio?
For long-horizon retirement investors, BeOne Medicines Ltd.
(ONC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 70), +1046% 10Y return). MacroGenics, Inc. (MGNX) carries a higher beta of 1. 93 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (ONC: +1046%, MGNX: -84. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between ONC and MGNX?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: ONC is a mid-cap high-growth stock; MGNX is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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