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Side-by-side financial comparison of Bandwidth Inc. (BAND) 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 $208.8M, roughly 1.3× Bandwidth Inc.). Bandwidth Inc. runs the higher net margin — 1.9% vs 0.7%, a 1.2% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs -16.5%). HUTCHMED (China) Ltd produced more free cash flow last quarter ($3.4M vs $-1.0M).
Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces for voice, text messaging and emergency services, using its own global IP voice network.
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.
BAND vs HCM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $270.8M |
| Net Profit | $4.0M | $2.0M |
| Gross Margin | 37.3% | 37.7% |
| Operating Margin | 60.5% | -13.2% |
| Net Margin | 1.9% | 0.7% |
| Revenue YoY | 20.1% | -16.5% |
| Net Profit YoY | 200.0% | -83.6% |
| EPS (diluted) | $-0.08 | $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.
| Q1 26 | $208.8M | — | ||
| Q4 25 | $207.7M | $270.8M | ||
| Q3 25 | $191.9M | — | ||
| Q2 25 | $180.0M | $277.7M | ||
| Q1 25 | $174.2M | $324.5M | ||
| Q4 24 | $210.0M | — | ||
| Q3 24 | $193.9M | — | ||
| Q2 24 | $173.6M | $305.7M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $2.0M | ||
| Q3 25 | $-1.2M | — | ||
| Q2 25 | $-4.9M | $455.0M | ||
| Q1 25 | $-3.7M | $11.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | $413.0K | — | ||
| Q2 24 | $4.1M | $25.8M |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | 37.7% | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 39.8% | 0.1% | ||
| Q1 25 | 41.0% | 48.0% | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 37.3% | 41.1% |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | -13.2% | ||
| Q3 25 | -1.0% | — | ||
| Q2 25 | -2.1% | -1.3% | ||
| Q1 25 | -2.7% | -5.0% | ||
| Q4 24 | -1.3% | — | ||
| Q3 24 | -0.5% | — | ||
| Q2 24 | -3.5% | -9.0% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 0.7% | ||
| Q3 25 | -0.6% | — | ||
| Q2 25 | -2.7% | 163.8% | ||
| Q1 25 | -2.1% | 3.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 2.3% | 8.4% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $0.00 | ||
| Q3 25 | $-0.04 | — | ||
| Q2 25 | $-0.16 | $0.52 | ||
| Q1 25 | $-0.13 | $0.01 | ||
| Q4 24 | $0.27 | — | ||
| Q3 24 | $0.01 | — | ||
| Q2 24 | $-0.17 | $0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $47.3M | $1.4B |
| Total DebtLower is stronger | — | $93.2M |
| Stockholders' EquityBook value | $405.7M | $1.2B |
| Total Assets | $984.2M | $1.8B |
| Debt / EquityLower = less leverage | — | 0.08× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $1.4B | ||
| Q3 25 | $80.4M | — | ||
| Q2 25 | $68.1M | $1.4B | ||
| Q1 25 | $41.7M | $836.1M | ||
| Q4 24 | $83.8M | — | ||
| Q3 24 | $79.9M | — | ||
| Q2 24 | $76.4M | $802.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $93.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $93.4M | ||
| Q1 25 | — | $82.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $82.1M |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $1.2B | ||
| Q3 25 | $392.7M | — | ||
| Q2 25 | $384.5M | $1.2B | ||
| Q1 25 | $345.4M | $759.9M | ||
| Q4 24 | $312.5M | — | ||
| Q3 24 | $336.6M | — | ||
| Q2 24 | $307.4M | $740.1M |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | $1.8B | ||
| Q1 25 | $964.4M | $1.3B | ||
| Q4 24 | $989.2M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.11× |
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 | — | $8.2M |
| Free Cash FlowOCF − Capex | $-1.0M | $3.4M |
| FCF MarginFCF / Revenue | -0.5% | 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.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $8.2M | ||
| Q3 25 | $22.2M | — | ||
| Q2 25 | $31.7M | $-72.9M | ||
| Q1 25 | $-3.1M | $40.3M | ||
| Q4 24 | $36.5M | — | ||
| Q3 24 | $20.5M | — | ||
| Q2 24 | $24.4M | $-39.8M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $3.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-82.2M | ||
| Q1 25 | — | $32.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-49.9M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -29.6% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -16.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.8% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.21× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.16× | ||
| Q1 25 | — | 3.38× | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | — | ||
| Q2 24 | 6.03× | -1.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
