vs
Side-by-side financial comparison of ADTRAN Holdings, Inc. (ADTN) and HUTCHMED (China) Ltd (HCM). Click either name above to swap in a different company.
ADTRAN Holdings, Inc. is the larger business by last-quarter revenue ($291.6M vs $270.8M, roughly 1.1× HUTCHMED (China) Ltd). HUTCHMED (China) Ltd runs the higher net margin — 0.7% vs -1.2%, a 2.0% gap on every dollar of revenue. On growth, ADTRAN Holdings, Inc. posted the faster year-over-year revenue change (20.1% vs -16.5%). ADTRAN Holdings, Inc. produced more free cash flow last quarter ($30.6M vs $3.4M).
Adtran, Inc. is an American fiber networking and telecommunications company headquartered in Huntsville, Alabama. It is a vendor of both residential and enterprise networking equipment, along with administrative software for network management and deployment. Its customers include communications service providers, governments, enterprises and utilities.
HUTCHMED (China) LtdHCMEarnings & Financial Report
HUTCHMED (China) Ltd is a biopharmaceutical firm focused on discovering, developing and commercializing targeted and immunotherapies for oncology and immunological diseases. It operates across China and global markets, with multiple marketed oncology drugs and a robust pipeline of late-stage clinical candidates addressing unmet patient needs.
ADTN vs HCM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $291.6M | $270.8M |
| Net Profit | $-3.6M | $2.0M |
| Gross Margin | 39.0% | 37.7% |
| Operating Margin | 1.5% | -13.2% |
| Net Margin | -1.2% | 0.7% |
| Revenue YoY | 20.1% | -16.5% |
| Net Profit YoY | 92.2% | -83.6% |
| EPS (diluted) | $-0.02 | $0.00 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $291.6M | $270.8M | ||
| Q3 25 | $279.4M | — | ||
| Q2 25 | $265.1M | $277.7M | ||
| Q1 25 | $247.7M | $324.5M | ||
| Q4 24 | $242.9M | — | ||
| Q3 24 | $227.7M | — | ||
| Q2 24 | $226.0M | $305.7M | ||
| Q1 24 | $226.2M | — |
| Q4 25 | $-3.6M | $2.0M | ||
| Q3 25 | $-10.3M | — | ||
| Q2 25 | $-20.5M | $455.0M | ||
| Q1 25 | $-11.3M | $11.9M | ||
| Q4 24 | $-46.1M | — | ||
| Q3 24 | $-33.3M | — | ||
| Q2 24 | $-49.7M | $25.8M | ||
| Q1 24 | $-330.8M | — |
| Q4 25 | 39.0% | 37.7% | ||
| Q3 25 | 38.3% | — | ||
| Q2 25 | 37.3% | 0.1% | ||
| Q1 25 | 38.4% | 48.0% | ||
| Q4 24 | 36.9% | — | ||
| Q3 24 | 36.5% | — | ||
| Q2 24 | 36.0% | 41.1% | ||
| Q1 24 | 31.1% | — |
| Q4 25 | 1.5% | -13.2% | ||
| Q3 25 | -1.0% | — | ||
| Q2 25 | -5.0% | -1.3% | ||
| Q1 25 | -1.6% | -5.0% | ||
| Q4 24 | -6.9% | — | ||
| Q3 24 | -11.5% | — | ||
| Q2 24 | -17.0% | -9.0% | ||
| Q1 24 | -153.1% | — |
| Q4 25 | -1.2% | 0.7% | ||
| Q3 25 | -3.7% | — | ||
| Q2 25 | -7.7% | 163.8% | ||
| Q1 25 | -4.5% | 3.7% | ||
| Q4 24 | -19.0% | — | ||
| Q3 24 | -14.6% | — | ||
| Q2 24 | -22.0% | 8.4% | ||
| Q1 24 | -146.2% | — |
| Q4 25 | $-0.02 | $0.00 | ||
| Q3 25 | $-0.12 | — | ||
| Q2 25 | $-0.24 | $0.52 | ||
| Q1 25 | $-0.14 | $0.01 | ||
| Q4 24 | $-0.58 | — | ||
| Q3 24 | $-0.38 | — | ||
| Q2 24 | $-0.63 | $0.03 | ||
| Q1 24 | $-4.20 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $95.7M | $1.4B |
| Total DebtLower is stronger | — | $93.2M |
| Stockholders' EquityBook value | $145.8M | $1.2B |
| Total Assets | $1.2B | $1.8B |
| Debt / EquityLower = less leverage | — | 0.08× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.7M | $1.4B | ||
| Q3 25 | $93.7M | — | ||
| Q2 25 | $106.3M | $1.4B | ||
| Q1 25 | $101.3M | $836.1M | ||
| Q4 24 | $76.0M | — | ||
| Q3 24 | $88.5M | — | ||
| Q2 24 | $111.2M | $802.5M | ||
| Q1 24 | $106.8M | — |
| Q4 25 | — | $93.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $93.4M | ||
| Q1 25 | — | $82.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $82.1M | ||
| Q1 24 | — | — |
| Q4 25 | $145.8M | $1.2B | ||
| Q3 25 | $141.6M | — | ||
| Q2 25 | $169.6M | $1.2B | ||
| Q1 25 | $138.9M | $759.9M | ||
| Q4 24 | $127.0M | — | ||
| Q3 24 | $205.6M | — | ||
| Q2 24 | $213.6M | $740.1M | ||
| Q1 24 | $260.8M | — |
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | $1.3B | ||
| Q1 24 | $1.3B | — |
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.11× | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $42.2M | $8.2M |
| Free Cash FlowOCF − Capex | $30.6M | $3.4M |
| FCF MarginFCF / Revenue | 10.5% | 1.2% |
| Capex IntensityCapex / Revenue | 4.0% | 1.8% |
| Cash ConversionOCF / Net Profit | — | 4.21× |
| TTM Free Cash FlowTrailing 4 quarters | $98.0M | $-96.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.2M | $8.2M | ||
| Q3 25 | $12.2M | — | ||
| Q2 25 | $32.2M | $-72.9M | ||
| Q1 25 | $43.2M | $40.3M | ||
| Q4 24 | $2.4M | — | ||
| Q3 24 | $43.3M | — | ||
| Q2 24 | $19.9M | $-39.8M | ||
| Q1 24 | $37.9M | — |
| Q4 25 | $30.6M | $3.4M | ||
| Q3 25 | $4.2M | — | ||
| Q2 25 | $27.5M | $-82.2M | ||
| Q1 25 | $35.8M | $32.5M | ||
| Q4 24 | $-895.0K | — | ||
| Q3 24 | $37.1M | — | ||
| Q2 24 | $8.4M | $-49.9M | ||
| Q1 24 | $24.4M | — |
| Q4 25 | 10.5% | 1.2% | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 10.4% | -29.6% | ||
| Q1 25 | 14.4% | 10.0% | ||
| Q4 24 | -0.4% | — | ||
| Q3 24 | 16.3% | — | ||
| Q2 24 | 3.7% | -16.3% | ||
| Q1 24 | 10.8% | — |
| Q4 25 | 4.0% | 1.8% | ||
| Q3 25 | 2.9% | — | ||
| Q2 25 | 1.8% | 3.3% | ||
| Q1 25 | 3.0% | 2.4% | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 5.1% | 3.3% | ||
| Q1 24 | 6.0% | — |
| Q4 25 | — | 4.21× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.16× | ||
| Q1 25 | — | 3.38× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -1.54× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADTN
| Subscriber Solutions | $96.2M | 33% |
| Optical Networking Solutions | $81.8M | 28% |
| Access Aggregation Solutions | $64.6M | 22% |
| Services And Support | $48.9M | 17% |
HCM
Segment breakdown not available.
