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Side-by-side financial comparison of CBL & ASSOCIATES PROPERTIES INC (CBL) 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 $156.4M, roughly 1.7× CBL & ASSOCIATES PROPERTIES INC). CBL & ASSOCIATES PROPERTIES INC runs the higher net margin — 31.3% vs 0.7%, a 30.6% gap on every dollar of revenue. On growth, CBL & ASSOCIATES PROPERTIES INC posted the faster year-over-year revenue change (18.8% vs -16.5%).

CBL & Associates Properties, Inc. is an American real estate investment trust that invests in shopping centers and shopping malls, primarily in the Southeastern and Midwestern United States. The company is organized in Delaware with its headquarters in Chattanooga, Tennessee. Its largest market is Chattanooga, Tennessee. The company's name is based on the initials of its founder, Charles B. Lebovitz.

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.

CBL vs HCM — Head-to-Head

Bigger by revenue
HCM
HCM
1.7× larger
HCM
$270.8M
$156.4M
CBL
Growing faster (revenue YoY)
CBL
CBL
+35.3% gap
CBL
18.8%
-16.5%
HCM
Higher net margin
CBL
CBL
30.6% more per $
CBL
31.3%
0.7%
HCM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CBL
CBL
HCM
HCM
Revenue
$156.4M
$270.8M
Net Profit
$49.0M
$2.0M
Gross Margin
37.7%
Operating Margin
-13.2%
Net Margin
31.3%
0.7%
Revenue YoY
18.8%
-16.5%
Net Profit YoY
29.0%
-83.6%
EPS (diluted)
$1.61
$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
CBL
CBL
HCM
HCM
Q4 25
$156.4M
$270.8M
Q3 25
$139.3M
Q2 25
$140.9M
$277.7M
Q1 25
$141.8M
$324.5M
Q4 24
$131.7M
Q3 24
$125.1M
Q2 24
$129.7M
$305.7M
Q1 24
$129.1M
Net Profit
CBL
CBL
HCM
HCM
Q4 25
$49.0M
$2.0M
Q3 25
$75.4M
Q2 25
$2.8M
$455.0M
Q1 25
$8.8M
$11.9M
Q4 24
$38.0M
Q3 24
$16.2M
Q2 24
$4.7M
$25.8M
Q1 24
$50.0K
Gross Margin
CBL
CBL
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
CBL
CBL
HCM
HCM
Q4 25
-13.2%
Q3 25
Q2 25
-1.3%
Q1 25
-5.0%
Q4 24
Q3 24
Q2 24
-9.0%
Q1 24
Net Margin
CBL
CBL
HCM
HCM
Q4 25
31.3%
0.7%
Q3 25
54.2%
Q2 25
2.0%
163.8%
Q1 25
6.2%
3.7%
Q4 24
28.8%
Q3 24
12.9%
Q2 24
3.7%
8.4%
Q1 24
0.0%
EPS (diluted)
CBL
CBL
HCM
HCM
Q4 25
$1.61
$0.00
Q3 25
$2.38
Q2 25
$0.08
$0.52
Q1 25
$0.27
$0.01
Q4 24
$1.22
Q3 24
$0.52
Q2 24
$0.14
$0.03
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
CBL
CBL
HCM
HCM
Cash + ST InvestmentsLiquidity on hand
$42.3M
$1.4B
Total DebtLower is stronger
$2.2B
$93.2M
Stockholders' EquityBook value
$374.9M
$1.2B
Total Assets
$2.7B
$1.8B
Debt / EquityLower = less leverage
5.79×
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBL
CBL
HCM
HCM
Q4 25
$42.3M
$1.4B
Q3 25
$52.6M
Q2 25
$100.3M
$1.4B
Q1 25
$100.3M
$836.1M
Q4 24
$40.8M
Q3 24
$65.1M
Q2 24
$57.7M
$802.5M
Q1 24
$57.7M
Total Debt
CBL
CBL
HCM
HCM
Q4 25
$2.2B
$93.2M
Q3 25
$2.2B
Q2 25
$2.1B
$93.4M
Q1 25
$2.2B
$82.8M
Q4 24
$2.2B
Q3 24
$1.8B
Q2 24
$1.9B
$82.1M
Q1 24
$1.9B
Stockholders' Equity
CBL
CBL
HCM
HCM
Q4 25
$374.9M
$1.2B
Q3 25
$351.4M
Q2 25
$289.4M
$1.2B
Q1 25
$295.0M
$759.9M
Q4 24
$323.5M
Q3 24
$308.3M
Q2 24
$308.8M
$740.1M
Q1 24
$324.2M
Total Assets
CBL
CBL
HCM
HCM
Q4 25
$2.7B
$1.8B
Q3 25
$2.7B
Q2 25
$2.6B
$1.8B
Q1 25
$2.6B
$1.3B
Q4 24
$2.7B
Q3 24
$2.2B
Q2 24
$2.3B
$1.3B
Q1 24
$2.3B
Debt / Equity
CBL
CBL
HCM
HCM
Q4 25
5.79×
0.08×
Q3 25
6.21×
Q2 25
7.39×
0.08×
Q1 25
7.29×
0.11×
Q4 24
6.84×
Q3 24
5.76×
Q2 24
6.00×
0.11×
Q1 24
5.74×

Cash Flow & Capital Efficiency

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

Metric
CBL
CBL
HCM
HCM
Operating Cash FlowLast quarter
$249.7M
$8.2M
Free Cash FlowOCF − Capex
$3.4M
FCF MarginFCF / Revenue
1.2%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
5.10×
4.21×
TTM Free Cash FlowTrailing 4 quarters
$-96.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBL
CBL
HCM
HCM
Q4 25
$249.7M
$8.2M
Q3 25
$69.6M
Q2 25
$68.3M
$-72.9M
Q1 25
$31.7M
$40.3M
Q4 24
$202.2M
Q3 24
$61.1M
Q2 24
$64.2M
$-39.8M
Q1 24
$30.7M
Free Cash Flow
CBL
CBL
HCM
HCM
Q4 25
$3.4M
Q3 25
Q2 25
$-82.2M
Q1 25
$32.5M
Q4 24
Q3 24
$46.0M
Q2 24
$54.8M
$-49.9M
Q1 24
$24.7M
FCF Margin
CBL
CBL
HCM
HCM
Q4 25
1.2%
Q3 25
Q2 25
-29.6%
Q1 25
10.0%
Q4 24
Q3 24
36.8%
Q2 24
42.2%
-16.3%
Q1 24
19.1%
Capex Intensity
CBL
CBL
HCM
HCM
Q4 25
1.8%
Q3 25
Q2 25
3.3%
Q1 25
2.4%
Q4 24
Q3 24
12.1%
Q2 24
7.3%
3.3%
Q1 24
4.7%
Cash Conversion
CBL
CBL
HCM
HCM
Q4 25
5.10×
4.21×
Q3 25
0.92×
Q2 25
24.74×
-0.16×
Q1 25
3.60×
3.38×
Q4 24
5.32×
Q3 24
3.77×
Q2 24
13.54×
-1.54×
Q1 24
614.76×

Financial Flow Comparison

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

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