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Side-by-side financial comparison of Claritev Corp (CTEV) 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 $246.6M, roughly 1.1× Claritev Corp). HUTCHMED (China) Ltd runs the higher net margin — 0.7% vs -32.7%, a 33.4% gap on every dollar of revenue. On growth, Claritev Corp posted the faster year-over-year revenue change (6.2% vs -16.5%). Claritev Corp produced more free cash flow last quarter ($36.4M vs $3.4M).

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.

CTEV vs HCM — Head-to-Head

Bigger by revenue
HCM
HCM
1.1× larger
HCM
$270.8M
$246.6M
CTEV
Growing faster (revenue YoY)
CTEV
CTEV
+22.7% gap
CTEV
6.2%
-16.5%
HCM
Higher net margin
HCM
HCM
33.4% more per $
HCM
0.7%
-32.7%
CTEV
More free cash flow
CTEV
CTEV
$33.0M more FCF
CTEV
$36.4M
$3.4M
HCM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CTEV
CTEV
HCM
HCM
Revenue
$246.6M
$270.8M
Net Profit
$-80.6M
$2.0M
Gross Margin
37.7%
Operating Margin
-3.1%
-13.2%
Net Margin
-32.7%
0.7%
Revenue YoY
6.2%
-16.5%
Net Profit YoY
41.6%
-83.6%
EPS (diluted)
$-4.88
$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
CTEV
CTEV
HCM
HCM
Q4 25
$246.6M
$270.8M
Q3 25
$246.0M
Q2 25
$241.6M
$277.7M
Q1 25
$231.3M
$324.5M
Q4 24
$232.1M
Q3 24
$230.5M
Q2 24
$233.5M
$305.7M
Q1 24
$234.5M
Net Profit
CTEV
CTEV
HCM
HCM
Q4 25
$-80.6M
$2.0M
Q3 25
$-69.8M
Q2 25
$-62.6M
$455.0M
Q1 25
$-71.3M
$11.9M
Q4 24
$-138.0M
Q3 24
$-391.4M
Q2 24
$-576.7M
$25.8M
Q1 24
$-539.7M
Gross Margin
CTEV
CTEV
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
CTEV
CTEV
HCM
HCM
Q4 25
-3.1%
-13.2%
Q3 25
4.1%
Q2 25
6.9%
-1.3%
Q1 25
4.2%
-5.0%
Q4 24
-17.8%
Q3 24
-146.7%
Q2 24
-224.4%
-9.0%
Q1 24
-207.4%
Net Margin
CTEV
CTEV
HCM
HCM
Q4 25
-32.7%
0.7%
Q3 25
-28.4%
Q2 25
-25.9%
163.8%
Q1 25
-30.8%
3.7%
Q4 24
-59.4%
Q3 24
-169.8%
Q2 24
-247.0%
8.4%
Q1 24
-230.1%
EPS (diluted)
CTEV
CTEV
HCM
HCM
Q4 25
$-4.88
$0.00
Q3 25
$-4.23
Q2 25
$-3.81
$0.52
Q1 25
$-4.38
$0.01
Q4 24
$-8.49
Q3 24
$-24.25
Q2 24
$-35.78
$0.03
Q1 24
$-33.40

Balance Sheet & Financial Strength

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

Metric
CTEV
CTEV
HCM
HCM
Cash + ST InvestmentsLiquidity on hand
$16.8M
$1.4B
Total DebtLower is stronger
$4.6B
$93.2M
Stockholders' EquityBook value
$-173.9M
$1.2B
Total Assets
$4.9B
$1.8B
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTEV
CTEV
HCM
HCM
Q4 25
$16.8M
$1.4B
Q3 25
$39.2M
Q2 25
$56.4M
$1.4B
Q1 25
$23.1M
$836.1M
Q4 24
$16.8M
Q3 24
$86.6M
Q2 24
$48.8M
$802.5M
Q1 24
$58.7M
Total Debt
CTEV
CTEV
HCM
HCM
Q4 25
$4.6B
$93.2M
Q3 25
$4.5B
Q2 25
$4.5B
$93.4M
Q1 25
$4.5B
$82.8M
Q4 24
$4.5B
Q3 24
$4.5B
Q2 24
$4.5B
$82.1M
Q1 24
$4.5B
Stockholders' Equity
CTEV
CTEV
HCM
HCM
Q4 25
$-173.9M
$1.2B
Q3 25
$-101.8M
Q2 25
$-39.9M
$1.2B
Q1 25
$14.8M
$759.9M
Q4 24
$84.0M
Q3 24
$207.6M
Q2 24
$603.4M
$740.1M
Q1 24
$1.2B
Total Assets
CTEV
CTEV
HCM
HCM
Q4 25
$4.9B
$1.8B
Q3 25
$5.0B
Q2 25
$5.1B
$1.8B
Q1 25
$5.1B
$1.3B
Q4 24
$5.2B
Q3 24
$5.3B
Q2 24
$5.7B
$1.3B
Q1 24
$6.4B
Debt / Equity
CTEV
CTEV
HCM
HCM
Q4 25
0.08×
Q3 25
Q2 25
0.08×
Q1 25
304.87×
0.11×
Q4 24
53.67×
Q3 24
21.73×
Q2 24
7.48×
0.11×
Q1 24
3.85×

Cash Flow & Capital Efficiency

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

Metric
CTEV
CTEV
HCM
HCM
Operating Cash FlowLast quarter
$66.3M
$8.2M
Free Cash FlowOCF − Capex
$36.4M
$3.4M
FCF MarginFCF / Revenue
14.8%
1.2%
Capex IntensityCapex / Revenue
12.1%
1.8%
Cash ConversionOCF / Net Profit
4.21×
TTM Free Cash FlowTrailing 4 quarters
$-12.3M
$-96.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTEV
CTEV
HCM
HCM
Q4 25
$66.3M
$8.2M
Q3 25
$19.9M
Q2 25
$61.2M
$-72.9M
Q1 25
$-30.1M
$40.3M
Q4 24
$-33.4M
Q3 24
$72.8M
Q2 24
$18.5M
$-39.8M
Q1 24
$49.7M
Free Cash Flow
CTEV
CTEV
HCM
HCM
Q4 25
$36.4M
$3.4M
Q3 25
$-16.3M
Q2 25
$36.6M
$-82.2M
Q1 25
$-68.9M
$32.5M
Q4 24
$-63.8M
Q3 24
$41.1M
Q2 24
$-7.0M
$-49.9M
Q1 24
$19.2M
FCF Margin
CTEV
CTEV
HCM
HCM
Q4 25
14.8%
1.2%
Q3 25
-6.6%
Q2 25
15.2%
-29.6%
Q1 25
-29.8%
10.0%
Q4 24
-27.5%
Q3 24
17.8%
Q2 24
-3.0%
-16.3%
Q1 24
8.2%
Capex Intensity
CTEV
CTEV
HCM
HCM
Q4 25
12.1%
1.8%
Q3 25
14.7%
Q2 25
10.2%
3.3%
Q1 25
16.8%
2.4%
Q4 24
13.1%
Q3 24
13.8%
Q2 24
10.9%
3.3%
Q1 24
13.0%
Cash Conversion
CTEV
CTEV
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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