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Side-by-side financial comparison of Ascendis Pharma A/S (ASND) and HUTCHMED (China) Ltd (HCM). Click either name above to swap in a different company.

HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $267.3M, roughly 1.0× Ascendis Pharma A/S). On growth, Ascendis Pharma A/S posted the faster year-over-year revenue change (42.3% vs -16.5%).

Growth hormone therapy refers to the use of growth hormone (GH) as a prescription medication—it is one form of hormone therapy. Growth hormone is a peptide hormone secreted by the pituitary gland that stimulates growth and cell reproduction. In the past, growth hormone was extracted from human pituitary glands. Growth hormone is now produced by recombinant DNA technology and is prescribed for a variety of reasons. GH therapy has been a focus of social and ethical controversies for 50 years.

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.

ASND vs HCM — Head-to-Head

Bigger by revenue
HCM
HCM
1.0× larger
HCM
$270.8M
$267.3M
ASND
Growing faster (revenue YoY)
ASND
ASND
+58.9% gap
ASND
42.3%
-16.5%
HCM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ASND
ASND
HCM
HCM
Revenue
$267.3M
$270.8M
Net Profit
$2.0M
Gross Margin
90.5%
37.7%
Operating Margin
-13.2%
Net Margin
0.7%
Revenue YoY
42.3%
-16.5%
Net Profit YoY
-83.6%
EPS (diluted)
$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.

Revenue
ASND
ASND
HCM
HCM
Q4 25
$267.3M
$270.8M
Q3 25
$230.7M
Q2 25
$170.7M
$277.7M
Q1 25
$109.0M
$324.5M
Q4 24
$187.8M
Q3 24
$62.5M
Q2 24
$38.9M
$305.7M
Q1 24
$103.6M
Net Profit
ASND
ASND
HCM
HCM
Q4 25
$2.0M
Q3 25
$-65.9M
Q2 25
$-42.0M
$455.0M
Q1 25
$-102.2M
$11.9M
Q4 24
Q3 24
$-107.1M
Q2 24
$-118.1M
$25.8M
Q1 24
$-141.5M
Gross Margin
ASND
ASND
HCM
HCM
Q4 25
90.5%
37.7%
Q3 25
89.5%
Q2 25
80.1%
0.1%
Q1 25
82.6%
48.0%
Q4 24
91.9%
Q3 24
80.6%
Q2 24
68.2%
41.1%
Q1 24
92.1%
Operating Margin
ASND
ASND
HCM
HCM
Q4 25
-13.2%
Q3 25
5.1%
Q2 25
-33.5%
-1.3%
Q1 25
-103.2%
-5.0%
Q4 24
Q3 24
-167.3%
Q2 24
-370.2%
-9.0%
Q1 24
-51.2%
Net Margin
ASND
ASND
HCM
HCM
Q4 25
0.7%
Q3 25
-28.5%
Q2 25
-24.6%
163.8%
Q1 25
-93.7%
3.7%
Q4 24
Q3 24
-171.5%
Q2 24
-303.9%
8.4%
Q1 24
-136.6%
EPS (diluted)
ASND
ASND
HCM
HCM
Q4 25
$0.00
Q3 25
Q2 25
$0.52
Q1 25
$0.01
Q4 24
Q3 24
Q2 24
$0.03
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASND
ASND
HCM
HCM
Cash + ST InvestmentsLiquidity on hand
$665.3M
$1.4B
Total DebtLower is stronger
$93.2M
Stockholders' EquityBook value
$-175.8M
$1.2B
Total Assets
$1.4B
$1.8B
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASND
ASND
HCM
HCM
Q4 25
$665.3M
$1.4B
Q3 25
$582.2M
Q2 25
$533.6M
$1.4B
Q1 25
$559.4M
$836.1M
Q4 24
$604.3M
Q3 24
$675.6M
Q2 24
$279.4M
$802.5M
Q1 24
$345.9M
Total Debt
ASND
ASND
HCM
HCM
Q4 25
$93.2M
Q3 25
Q2 25
$93.4M
Q1 25
$82.8M
Q4 24
Q3 24
Q2 24
$82.1M
Q1 24
Stockholders' Equity
ASND
ASND
HCM
HCM
Q4 25
$-175.8M
$1.2B
Q3 25
$-188.0M
Q2 25
$-202.6M
$1.2B
Q1 25
$-205.0M
$759.9M
Q4 24
$-114.2M
Q3 24
$-105.1M
Q2 24
$-346.8M
$740.1M
Q1 24
$-257.2M
Total Assets
ASND
ASND
HCM
HCM
Q4 25
$1.4B
$1.8B
Q3 25
$1.2B
Q2 25
$1.2B
$1.8B
Q1 25
$1.1B
$1.3B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$819.0M
$1.3B
Q1 24
$866.7M
Debt / Equity
ASND
ASND
HCM
HCM
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
ASND
ASND
HCM
HCM
Operating Cash FlowLast quarter
$58.2M
$8.2M
Free Cash FlowOCF − Capex
$3.4M
FCF MarginFCF / Revenue
1.2%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
4.21×
TTM Free Cash FlowTrailing 4 quarters
$-96.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASND
ASND
HCM
HCM
Q4 25
$58.2M
$8.2M
Q3 25
Q2 25
$-72.9M
Q1 25
$-15.5M
$40.3M
Q4 24
$-330.7M
Q3 24
Q2 24
$-39.8M
Q1 24
$-109.7M
Free Cash Flow
ASND
ASND
HCM
HCM
Q4 25
$3.4M
Q3 25
Q2 25
$-82.2M
Q1 25
$32.5M
Q4 24
Q3 24
Q2 24
$-49.9M
Q1 24
FCF Margin
ASND
ASND
HCM
HCM
Q4 25
1.2%
Q3 25
Q2 25
-29.6%
Q1 25
10.0%
Q4 24
Q3 24
Q2 24
-16.3%
Q1 24
Capex Intensity
ASND
ASND
HCM
HCM
Q4 25
1.8%
Q3 25
Q2 25
3.3%
Q1 25
2.4%
Q4 24
Q3 24
Q2 24
3.3%
Q1 24
Cash Conversion
ASND
ASND
HCM
HCM
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.

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