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Side-by-side financial comparison of Dynatrace, Inc. (DT) and HUTCHMED (China) Ltd (HCM). Click either name above to swap in a different company.
Dynatrace, Inc. is the larger business by last-quarter revenue ($515.5M vs $270.8M, roughly 1.9× HUTCHMED (China) Ltd). Dynatrace, Inc. runs the higher net margin — 7.8% vs 0.7%, a 7.0% gap on every dollar of revenue. On growth, Dynatrace, Inc. posted the faster year-over-year revenue change (18.2% vs -16.5%). Dynatrace, Inc. produced more free cash flow last quarter ($27.2M vs $3.4M).
Dynatrace, Inc. is an American multinational technology company that provides an AI-powered observability platform. Their software is used to monitor, analyze, and optimize application performance, software development, cyber security practices, IT infrastructure, and user experience.
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.
DT vs HCM — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $515.5M | $270.8M |
| Net Profit | $40.1M | $2.0M |
| Gross Margin | 81.4% | 37.7% |
| Operating Margin | 14.1% | -13.2% |
| Net Margin | 7.8% | 0.7% |
| Revenue YoY | 18.2% | -16.5% |
| Net Profit YoY | -88.9% | -83.6% |
| EPS (diluted) | $0.13 | $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.
| Q4 25 | $515.5M | $270.8M | ||
| Q3 25 | $493.8M | — | ||
| Q2 25 | $477.3M | $277.7M | ||
| Q1 25 | $445.2M | $324.5M | ||
| Q4 24 | $436.2M | — | ||
| Q3 24 | $418.1M | — | ||
| Q2 24 | $399.2M | $305.7M | ||
| Q1 24 | $380.8M | — |
| Q4 25 | $40.1M | $2.0M | ||
| Q3 25 | $57.2M | — | ||
| Q2 25 | $48.0M | $455.0M | ||
| Q1 25 | $39.3M | $11.9M | ||
| Q4 24 | $361.8M | — | ||
| Q3 24 | $44.0M | — | ||
| Q2 24 | $38.6M | $25.8M | ||
| Q1 24 | $37.9M | — |
| Q4 25 | 81.4% | 37.7% | ||
| Q3 25 | 81.8% | — | ||
| Q2 25 | 82.1% | 0.1% | ||
| Q1 25 | 80.9% | 48.0% | ||
| Q4 24 | 81.1% | — | ||
| Q3 24 | 81.4% | — | ||
| Q2 24 | 81.3% | 41.1% | ||
| Q1 24 | 81.1% | — |
| Q4 25 | 14.1% | -13.2% | ||
| Q3 25 | 14.8% | — | ||
| Q2 25 | 13.1% | -1.3% | ||
| Q1 25 | 9.6% | -5.0% | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 11.2% | — | ||
| Q2 24 | 10.5% | -9.0% | ||
| Q1 24 | 6.1% | — |
| Q4 25 | 7.8% | 0.7% | ||
| Q3 25 | 11.6% | — | ||
| Q2 25 | 10.0% | 163.8% | ||
| Q1 25 | 8.8% | 3.7% | ||
| Q4 24 | 82.9% | — | ||
| Q3 24 | 10.5% | — | ||
| Q2 24 | 9.7% | 8.4% | ||
| Q1 24 | 10.0% | — |
| Q4 25 | $0.13 | $0.00 | ||
| Q3 25 | $0.19 | — | ||
| Q2 25 | $0.16 | $0.52 | ||
| Q1 25 | $0.12 | $0.01 | ||
| Q4 24 | $1.19 | — | ||
| Q3 24 | $0.15 | — | ||
| Q2 24 | $0.13 | $0.03 | ||
| Q1 24 | $0.13 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.2B | $1.4B |
| Total DebtLower is stronger | — | $93.2M |
| Stockholders' EquityBook value | $2.7B | $1.2B |
| Total Assets | $4.1B | $1.8B |
| Debt / EquityLower = less leverage | — | 0.08× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.1B | $836.1M | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | $802.5M | ||
| Q1 24 | $836.9M | — |
| Q4 25 | — | $93.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $93.4M | ||
| Q1 25 | — | $82.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $82.1M | ||
| Q1 24 | — | — |
| Q4 25 | $2.7B | $1.2B | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.7B | $1.2B | ||
| Q1 25 | $2.6B | $759.9M | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.1B | $740.1M | ||
| Q1 24 | $2.0B | — |
| Q4 25 | $4.1B | $1.8B | ||
| Q3 25 | $4.1B | — | ||
| Q2 25 | $4.1B | $1.8B | ||
| Q1 25 | $4.1B | $1.3B | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $3.3B | — | ||
| Q2 24 | $3.3B | $1.3B | ||
| Q1 24 | $3.4B | — |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $33.8M | $8.2M |
| Free Cash FlowOCF − Capex | $27.2M | $3.4M |
| FCF MarginFCF / Revenue | 5.3% | 1.2% |
| Capex IntensityCapex / Revenue | 1.3% | 1.8% |
| Cash ConversionOCF / Net Profit | 0.84× | 4.21× |
| TTM Free Cash FlowTrailing 4 quarters | $465.5M | $-96.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $33.8M | $8.2M | ||
| Q3 25 | $32.0M | — | ||
| Q2 25 | $269.7M | $-72.9M | ||
| Q1 25 | $162.8M | $40.3M | ||
| Q4 24 | $42.2M | — | ||
| Q3 24 | $23.6M | — | ||
| Q2 24 | $230.7M | $-39.8M | ||
| Q1 24 | $131.7M | — |
| Q4 25 | $27.2M | $3.4M | ||
| Q3 25 | $27.8M | — | ||
| Q2 25 | $262.2M | $-82.2M | ||
| Q1 25 | $148.2M | $32.5M | ||
| Q4 24 | $37.6M | — | ||
| Q3 24 | $20.1M | — | ||
| Q2 24 | $227.4M | $-49.9M | ||
| Q1 24 | $121.9M | — |
| Q4 25 | 5.3% | 1.2% | ||
| Q3 25 | 5.6% | — | ||
| Q2 25 | 54.9% | -29.6% | ||
| Q1 25 | 33.3% | 10.0% | ||
| Q4 24 | 8.6% | — | ||
| Q3 24 | 4.8% | — | ||
| Q2 24 | 57.0% | -16.3% | ||
| Q1 24 | 32.0% | — |
| Q4 25 | 1.3% | 1.8% | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 1.6% | 3.3% | ||
| Q1 25 | 3.3% | 2.4% | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 0.8% | — | ||
| Q2 24 | 0.8% | 3.3% | ||
| Q1 24 | 2.6% | — |
| Q4 25 | 0.84× | 4.21× | ||
| Q3 25 | 0.56× | — | ||
| Q2 25 | 5.62× | -0.16× | ||
| Q1 25 | 4.14× | 3.38× | ||
| Q4 24 | 0.12× | — | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 5.97× | -1.54× | ||
| Q1 24 | 3.47× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DT
| Subscription And Circulation | $493.4M | 96% |
| Services | $22.1M | 4% |
HCM
Segment breakdown not available.
