vs
Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and HUTCHMED (China) Ltd (HCM). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($348.6M vs $270.8M, roughly 1.3× HUTCHMED (China) Ltd). APOGEE ENTERPRISES, INC. runs the higher net margin — 4.7% vs 0.7%, a 4.0% gap on every dollar of revenue. On growth, APOGEE ENTERPRISES, INC. posted the faster year-over-year revenue change (2.1% vs -16.5%). APOGEE ENTERPRISES, INC. produced more free cash flow last quarter ($22.9M vs $3.4M).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
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.
APOG vs HCM — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $348.6M | $270.8M |
| Net Profit | $16.5M | $2.0M |
| Gross Margin | 23.8% | 37.7% |
| Operating Margin | 7.1% | -13.2% |
| Net Margin | 4.7% | 0.7% |
| Revenue YoY | 2.1% | -16.5% |
| Net Profit YoY | -21.2% | -83.6% |
| EPS (diluted) | $0.77 | $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 | $348.6M | $270.8M | ||
| Q3 25 | $358.2M | — | ||
| Q2 25 | $346.6M | $277.7M | ||
| Q1 25 | $345.7M | $324.5M | ||
| Q4 24 | $341.3M | — | ||
| Q3 24 | $342.4M | — | ||
| Q2 24 | $331.5M | $305.7M | ||
| Q1 24 | $361.8M | — |
| Q4 25 | $16.5M | $2.0M | ||
| Q3 25 | $23.6M | — | ||
| Q2 25 | $-2.7M | $455.0M | ||
| Q1 25 | $2.5M | $11.9M | ||
| Q4 24 | $21.0M | — | ||
| Q3 24 | $30.6M | — | ||
| Q2 24 | $31.0M | $25.8M | ||
| Q1 24 | $15.7M | — |
| Q4 25 | 23.8% | 37.7% | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 21.7% | 0.1% | ||
| Q1 25 | 21.6% | 48.0% | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 28.4% | — | ||
| Q2 24 | 29.8% | 41.1% | ||
| Q1 24 | 24.4% | — |
| Q4 25 | 7.1% | -13.2% | ||
| Q3 25 | 7.5% | — | ||
| Q2 25 | 2.0% | -1.3% | ||
| Q1 25 | 1.8% | -5.0% | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 12.5% | -9.0% | ||
| Q1 24 | 6.0% | — |
| Q4 25 | 4.7% | 0.7% | ||
| Q3 25 | 6.6% | — | ||
| Q2 25 | -0.8% | 163.8% | ||
| Q1 25 | 0.7% | 3.7% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 8.9% | — | ||
| Q2 24 | 9.4% | 8.4% | ||
| Q1 24 | 4.3% | — |
| Q4 25 | $0.77 | $0.00 | ||
| Q3 25 | $1.10 | — | ||
| Q2 25 | $-0.13 | $0.52 | ||
| Q1 25 | $0.12 | $0.01 | ||
| Q4 24 | $0.96 | — | ||
| Q3 24 | $1.40 | — | ||
| Q2 24 | $1.41 | $0.03 | ||
| Q1 24 | $0.71 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.3M | $1.4B |
| Total DebtLower is stronger | — | $93.2M |
| Stockholders' EquityBook value | $512.3M | $1.2B |
| Total Assets | $1.1B | $1.8B |
| Debt / EquityLower = less leverage | — | 0.08× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.3M | $1.4B | ||
| Q3 25 | $39.5M | — | ||
| Q2 25 | $32.8M | $1.4B | ||
| Q1 25 | $41.4M | $836.1M | ||
| Q4 24 | $43.9M | — | ||
| Q3 24 | $51.0M | — | ||
| Q2 24 | $30.4M | $802.5M | ||
| Q1 24 | $37.2M | — |
| Q4 25 | — | $93.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $93.4M | ||
| Q1 25 | $285.0M | $82.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $82.1M | ||
| Q1 24 | $62.0M | — |
| Q4 25 | $512.3M | $1.2B | ||
| Q3 25 | $500.2M | — | ||
| Q2 25 | $481.8M | $1.2B | ||
| Q1 25 | $487.9M | $759.9M | ||
| Q4 24 | $522.1M | — | ||
| Q3 24 | $506.4M | — | ||
| Q2 24 | $480.0M | $740.1M | ||
| Q1 24 | $471.0M | — |
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $917.1M | — | ||
| Q2 24 | $889.0M | $1.3B | ||
| Q1 24 | $884.1M | — |
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | 0.58× | 0.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.11× | ||
| Q1 24 | 0.13× | — |
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 | $29.3M | $8.2M |
| Free Cash FlowOCF − Capex | $22.9M | $3.4M |
| FCF MarginFCF / Revenue | 6.6% | 1.2% |
| Capex IntensityCapex / Revenue | 1.9% | 1.8% |
| Cash ConversionOCF / Net Profit | 1.77× | 4.21× |
| TTM Free Cash FlowTrailing 4 quarters | $67.4M | $-96.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | $8.2M | ||
| Q3 25 | $57.1M | — | ||
| Q2 25 | $-19.8M | $-72.9M | ||
| Q1 25 | $30.0M | $40.3M | ||
| Q4 24 | $31.0M | — | ||
| Q3 24 | $58.7M | — | ||
| Q2 24 | $5.5M | $-39.8M | ||
| Q1 24 | $74.9M | — |
| Q4 25 | $22.9M | $3.4M | ||
| Q3 25 | $52.4M | — | ||
| Q2 25 | $-26.9M | $-82.2M | ||
| Q1 25 | $19.1M | $32.5M | ||
| Q4 24 | $22.0M | — | ||
| Q3 24 | $50.2M | — | ||
| Q2 24 | $-1.8M | $-49.9M | ||
| Q1 24 | $58.7M | — |
| Q4 25 | 6.6% | 1.2% | ||
| Q3 25 | 14.6% | — | ||
| Q2 25 | -7.8% | -29.6% | ||
| Q1 25 | 5.5% | 10.0% | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 14.7% | — | ||
| Q2 24 | -0.5% | -16.3% | ||
| Q1 24 | 16.2% | — |
| Q4 25 | 1.9% | 1.8% | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 2.1% | 3.3% | ||
| Q1 25 | 3.2% | 2.4% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 2.2% | 3.3% | ||
| Q1 24 | 4.5% | — |
| Q4 25 | 1.77× | 4.21× | ||
| Q3 25 | 2.41× | — | ||
| Q2 25 | — | -0.16× | ||
| Q1 25 | 12.08× | 3.38× | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.92× | — | ||
| Q2 24 | 0.18× | -1.54× | ||
| Q1 24 | 4.76× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APOG
| Transferred At Point In Time | $163.0M | 47% |
| Architectural Services Segment | $105.2M | 30% |
| Performance Surfaces | $53.0M | 15% |
| UW Interco LLC | $27.9M | 8% |
HCM
Segment breakdown not available.
