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Side-by-side financial comparison of FIRST INDUSTRIAL REALTY TRUST INC (FR) 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 $194.8M, roughly 1.4× FIRST INDUSTRIAL REALTY TRUST INC). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs 0.7%, a 75.2% gap on every dollar of revenue. On growth, FIRST INDUSTRIAL REALTY TRUST INC posted the faster year-over-year revenue change (10.0% vs -16.5%).

First Potomac Realty Trust was a real estate investment trust that invested in industrial properties and business parks in the suburbs of the Washington metropolitan area. In 2017, it was acquired by Government Properties Income Trust.

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.

FR vs HCM — Head-to-Head

Bigger by revenue
HCM
HCM
1.4× larger
HCM
$270.8M
$194.8M
FR
Growing faster (revenue YoY)
FR
FR
+26.6% gap
FR
10.0%
-16.5%
HCM
Higher net margin
FR
FR
75.2% more per $
FR
75.9%
0.7%
HCM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FR
FR
HCM
HCM
Revenue
$194.8M
$270.8M
Net Profit
$147.9M
$2.0M
Gross Margin
37.7%
Operating Margin
-13.2%
Net Margin
75.9%
0.7%
Revenue YoY
10.0%
-16.5%
Net Profit YoY
179.7%
-83.6%
EPS (diluted)
$1.08
$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.

Revenue
FR
FR
HCM
HCM
Q1 26
$194.8M
Q4 25
$188.4M
$270.8M
Q3 25
$181.4M
Q2 25
$180.2M
$277.7M
Q1 25
$177.1M
$324.5M
Q4 24
$175.6M
Q3 24
$167.6M
Q2 24
$164.1M
$305.7M
Net Profit
FR
FR
HCM
HCM
Q1 26
$147.9M
Q4 25
$78.8M
$2.0M
Q3 25
$65.3M
Q2 25
$55.2M
$455.0M
Q1 25
$48.1M
$11.9M
Q4 24
$68.4M
Q3 24
$99.4M
Q2 24
$51.3M
$25.8M
Gross Margin
FR
FR
HCM
HCM
Q1 26
Q4 25
37.7%
Q3 25
Q2 25
0.1%
Q1 25
48.0%
Q4 24
Q3 24
Q2 24
41.1%
Operating Margin
FR
FR
HCM
HCM
Q1 26
Q4 25
34.6%
-13.2%
Q3 25
37.0%
Q2 25
31.7%
-1.3%
Q1 25
31.2%
-5.0%
Q4 24
40.1%
Q3 24
62.6%
Q2 24
31.8%
-9.0%
Net Margin
FR
FR
HCM
HCM
Q1 26
75.9%
Q4 25
41.8%
0.7%
Q3 25
36.0%
Q2 25
30.6%
163.8%
Q1 25
27.2%
3.7%
Q4 24
39.0%
Q3 24
59.3%
Q2 24
31.3%
8.4%
EPS (diluted)
FR
FR
HCM
HCM
Q1 26
$1.08
Q4 25
$0.60
$0.00
Q3 25
$0.49
Q2 25
$0.42
$0.52
Q1 25
$0.36
$0.01
Q4 24
$0.51
Q3 24
$0.75
Q2 24
$0.39
$0.03

Balance Sheet & Financial Strength

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

Metric
FR
FR
HCM
HCM
Cash + ST InvestmentsLiquidity on hand
$1.4B
Total DebtLower is stronger
$93.2M
Stockholders' EquityBook value
$2.9B
$1.2B
Total Assets
$5.8B
$1.8B
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FR
FR
HCM
HCM
Q1 26
Q4 25
$78.0M
$1.4B
Q3 25
$33.5M
Q2 25
$34.9M
$1.4B
Q1 25
$35.7M
$836.1M
Q4 24
$44.5M
Q3 24
$47.1M
Q2 24
$38.5M
$802.5M
Total Debt
FR
FR
HCM
HCM
Q1 26
Q4 25
$93.2M
Q3 25
Q2 25
$93.4M
Q1 25
$82.8M
Q4 24
Q3 24
Q2 24
$82.1M
Stockholders' Equity
FR
FR
HCM
HCM
Q1 26
$2.9B
Q4 25
$2.7B
$1.2B
Q3 25
$2.7B
Q2 25
$2.6B
$1.2B
Q1 25
$2.7B
$759.9M
Q4 24
$2.7B
Q3 24
$2.6B
Q2 24
$2.6B
$740.1M
Total Assets
FR
FR
HCM
HCM
Q1 26
$5.8B
Q4 25
$5.7B
$1.8B
Q3 25
$5.5B
Q2 25
$5.5B
$1.8B
Q1 25
$5.4B
$1.3B
Q4 24
$5.3B
Q3 24
$5.2B
Q2 24
$5.2B
$1.3B
Debt / Equity
FR
FR
HCM
HCM
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
FR
FR
HCM
HCM
Operating Cash FlowLast quarter
$8.2M
Free Cash FlowOCF − Capex
$3.4M
FCF MarginFCF / Revenue
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.

Operating Cash Flow
FR
FR
HCM
HCM
Q1 26
Q4 25
$461.3M
$8.2M
Q3 25
$124.6M
Q2 25
$126.1M
$-72.9M
Q1 25
$88.6M
$40.3M
Q4 24
$352.5M
Q3 24
$105.5M
Q2 24
$107.7M
$-39.8M
Free Cash Flow
FR
FR
HCM
HCM
Q1 26
Q4 25
$3.4M
Q3 25
Q2 25
$-82.2M
Q1 25
$32.5M
Q4 24
Q3 24
Q2 24
$-49.9M
FCF Margin
FR
FR
HCM
HCM
Q1 26
Q4 25
1.2%
Q3 25
Q2 25
-29.6%
Q1 25
10.0%
Q4 24
Q3 24
Q2 24
-16.3%
Capex Intensity
FR
FR
HCM
HCM
Q1 26
Q4 25
1.8%
Q3 25
Q2 25
3.3%
Q1 25
2.4%
Q4 24
Q3 24
Q2 24
3.3%
Cash Conversion
FR
FR
HCM
HCM
Q1 26
Q4 25
5.85×
4.21×
Q3 25
1.91×
Q2 25
2.28×
-0.16×
Q1 25
1.84×
3.38×
Q4 24
5.15×
Q3 24
1.06×
Q2 24
2.10×
-1.54×

Financial Flow Comparison

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

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