vs

Side-by-side financial comparison of Braemar Hotels & Resorts Inc. (BHR) 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 $165.6M, roughly 1.6× Braemar Hotels & Resorts Inc.). HUTCHMED (China) Ltd runs the higher net margin — 0.7% vs -20.3%, a 21.0% gap on every dollar of revenue. On growth, Braemar Hotels & Resorts Inc. posted the faster year-over-year revenue change (-4.5% vs -16.5%). HUTCHMED (China) Ltd produced more free cash flow last quarter ($3.4M vs $-37.1M).

Braemar Hotels & Resorts Inc. is a publicly traded real estate investment trust focused on owning and operating premium luxury hotel and resort properties primarily across the United States. It caters to upscale leisure travelers, corporate event planners, and premium business guests, generating revenue via accommodation bookings, on-site amenities, and event hosting.

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.

BHR vs HCM — Head-to-Head

Bigger by revenue
HCM
HCM
1.6× larger
HCM
$270.8M
$165.6M
BHR
Growing faster (revenue YoY)
BHR
BHR
+12.1% gap
BHR
-4.5%
-16.5%
HCM
Higher net margin
HCM
HCM
21.0% more per $
HCM
0.7%
-20.3%
BHR
More free cash flow
HCM
HCM
$40.5M more FCF
HCM
$3.4M
$-37.1M
BHR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BHR
BHR
HCM
HCM
Revenue
$165.6M
$270.8M
Net Profit
$-33.6M
$2.0M
Gross Margin
37.7%
Operating Margin
-7.3%
-13.2%
Net Margin
-20.3%
0.7%
Revenue YoY
-4.5%
-16.5%
Net Profit YoY
-80.1%
-83.6%
EPS (diluted)
$-0.67
$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
BHR
BHR
HCM
HCM
Q4 25
$165.6M
$270.8M
Q3 25
$143.6M
Q2 25
$179.1M
$277.7M
Q1 25
$215.8M
$324.5M
Q4 24
$173.3M
Q3 24
$148.4M
Q2 24
$187.6M
$305.7M
Q1 24
$219.1M
Net Profit
BHR
BHR
HCM
HCM
Q4 25
$-33.6M
$2.0M
Q3 25
$5.7M
Q2 25
$-5.5M
$455.0M
Q1 25
$11.0M
$11.9M
Q4 24
$-18.7M
Q3 24
$12.6M
Q2 24
$-11.6M
$25.8M
Q1 24
$15.9M
Gross Margin
BHR
BHR
HCM
HCM
Q4 25
37.7%
Q3 25
Q2 25
0.1%
Q1 25
48.0%
Q4 24
Q3 24
Q2 24
41.1%
Q1 24
Operating Margin
BHR
BHR
HCM
HCM
Q4 25
-7.3%
-13.2%
Q3 25
20.8%
Q2 25
10.0%
-1.3%
Q1 25
17.0%
-5.0%
Q4 24
2.2%
Q3 24
47.4%
Q2 24
6.5%
-9.0%
Q1 24
19.4%
Net Margin
BHR
BHR
HCM
HCM
Q4 25
-20.3%
0.7%
Q3 25
4.0%
Q2 25
-3.1%
163.8%
Q1 25
5.1%
3.7%
Q4 24
-10.8%
Q3 24
8.5%
Q2 24
-6.2%
8.4%
Q1 24
7.3%
EPS (diluted)
BHR
BHR
HCM
HCM
Q4 25
$-0.67
$0.00
Q3 25
$-0.12
Q2 25
$-0.24
$0.52
Q1 25
$-0.04
$0.01
Q4 24
$-0.47
Q3 24
$-0.02
Q2 24
$-0.33
$0.03
Q1 24
$0.05

Balance Sheet & Financial Strength

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

Metric
BHR
BHR
HCM
HCM
Cash + ST InvestmentsLiquidity on hand
$124.4M
$1.4B
Total DebtLower is stronger
$1.1B
$93.2M
Stockholders' EquityBook value
$138.7M
$1.2B
Total Assets
$1.9B
$1.8B
Debt / EquityLower = less leverage
7.96×
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHR
BHR
HCM
HCM
Q4 25
$124.4M
$1.4B
Q3 25
$116.3M
Q2 25
$80.2M
$1.4B
Q1 25
$81.7M
$836.1M
Q4 24
$135.5M
Q3 24
$168.7M
Q2 24
$114.6M
$802.5M
Q1 24
$137.1M
Total Debt
BHR
BHR
HCM
HCM
Q4 25
$1.1B
$93.2M
Q3 25
$1.2B
Q2 25
$1.2B
$93.4M
Q1 25
$1.2B
$82.8M
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.1B
$82.1M
Q1 24
$1.2B
Stockholders' Equity
BHR
BHR
HCM
HCM
Q4 25
$138.7M
$1.2B
Q3 25
$211.9M
Q2 25
$225.1M
$1.2B
Q1 25
$238.9M
$759.9M
Q4 24
$240.7M
Q3 24
$276.9M
Q2 24
$282.3M
$740.1M
Q1 24
$307.3M
Total Assets
BHR
BHR
HCM
HCM
Q4 25
$1.9B
$1.8B
Q3 25
$2.0B
Q2 25
$2.1B
$1.8B
Q1 25
$2.1B
$1.3B
Q4 24
$2.1B
Q3 24
$2.2B
Q2 24
$2.2B
$1.3B
Q1 24
$2.3B
Debt / Equity
BHR
BHR
HCM
HCM
Q4 25
7.96×
0.08×
Q3 25
5.50×
Q2 25
5.38×
0.08×
Q1 25
5.03×
0.11×
Q4 24
5.03×
Q3 24
4.36×
Q2 24
4.00×
0.11×
Q1 24
3.98×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BHR
BHR
HCM
HCM
Operating Cash FlowLast quarter
$40.8M
$8.2M
Free Cash FlowOCF − Capex
$-37.1M
$3.4M
FCF MarginFCF / Revenue
-22.4%
1.2%
Capex IntensityCapex / Revenue
47.1%
1.8%
Cash ConversionOCF / Net Profit
4.21×
TTM Free Cash FlowTrailing 4 quarters
$-59.2M
$-96.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHR
BHR
HCM
HCM
Q4 25
$40.8M
$8.2M
Q3 25
$-5.8M
Q2 25
$23.0M
$-72.9M
Q1 25
$15.1M
$40.3M
Q4 24
$66.8M
Q3 24
$9.0K
Q2 24
$24.1M
$-39.8M
Q1 24
$36.0M
Free Cash Flow
BHR
BHR
HCM
HCM
Q4 25
$-37.1M
$3.4M
Q3 25
$-27.3M
Q2 25
$5.3M
$-82.2M
Q1 25
$-159.0K
$32.5M
Q4 24
$-3.8M
Q3 24
$-15.6M
Q2 24
$8.2M
$-49.9M
Q1 24
$12.7M
FCF Margin
BHR
BHR
HCM
HCM
Q4 25
-22.4%
1.2%
Q3 25
-19.0%
Q2 25
3.0%
-29.6%
Q1 25
-0.1%
10.0%
Q4 24
-2.2%
Q3 24
-10.5%
Q2 24
4.4%
-16.3%
Q1 24
5.8%
Capex Intensity
BHR
BHR
HCM
HCM
Q4 25
47.1%
1.8%
Q3 25
15.0%
Q2 25
9.9%
3.3%
Q1 25
7.1%
2.4%
Q4 24
40.7%
Q3 24
10.5%
Q2 24
8.5%
3.3%
Q1 24
10.7%
Cash Conversion
BHR
BHR
HCM
HCM
Q4 25
4.21×
Q3 25
-1.00×
Q2 25
-0.16×
Q1 25
1.38×
3.38×
Q4 24
Q3 24
0.00×
Q2 24
-1.54×
Q1 24
2.26×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BHR
BHR

Occupancy$97.4M59%
Food And Beverage$45.5M28%
Hotel Other$22.6M14%

HCM
HCM

Segment breakdown not available.

Related Comparisons