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Side-by-side financial comparison of Fastly, Inc. (FSLY) 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 $172.6M, roughly 1.6× Fastly, Inc.). HUTCHMED (China) Ltd runs the higher net margin — 0.7% vs -9.0%, a 9.7% gap on every dollar of revenue. On growth, Fastly, Inc. posted the faster year-over-year revenue change (22.8% vs -16.5%). Fastly, Inc. produced more free cash flow last quarter ($12.2M vs $3.4M).

Fastly, Inc. is an American company based in San Francisco, which describes itself as a cloud computing company. Fastly provides content delivery network services, image optimization, and load balancing services. Fastly's cloud security services include denial-of-service attack protection, bot mitigation, and a web application firewall.

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.

FSLY vs HCM — Head-to-Head

Bigger by revenue
HCM
HCM
1.6× larger
HCM
$270.8M
$172.6M
FSLY
Growing faster (revenue YoY)
FSLY
FSLY
+39.3% gap
FSLY
22.8%
-16.5%
HCM
Higher net margin
HCM
HCM
9.7% more per $
HCM
0.7%
-9.0%
FSLY
More free cash flow
FSLY
FSLY
$8.9M more FCF
FSLY
$12.2M
$3.4M
HCM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FSLY
FSLY
HCM
HCM
Revenue
$172.6M
$270.8M
Net Profit
$-15.5M
$2.0M
Gross Margin
61.4%
37.7%
Operating Margin
-8.7%
-13.2%
Net Margin
-9.0%
0.7%
Revenue YoY
22.8%
-16.5%
Net Profit YoY
52.9%
-83.6%
EPS (diluted)
$-0.10
$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
FSLY
FSLY
HCM
HCM
Q4 25
$172.6M
$270.8M
Q3 25
$158.2M
Q2 25
$148.7M
$277.7M
Q1 25
$144.5M
$324.5M
Q4 24
$140.6M
Q3 24
$137.2M
Q2 24
$132.4M
$305.7M
Q1 24
$133.5M
Net Profit
FSLY
FSLY
HCM
HCM
Q4 25
$-15.5M
$2.0M
Q3 25
$-29.5M
Q2 25
$-37.5M
$455.0M
Q1 25
$-39.1M
$11.9M
Q4 24
$-32.9M
Q3 24
$-38.0M
Q2 24
$-43.7M
$25.8M
Q1 24
$-43.4M
Gross Margin
FSLY
FSLY
HCM
HCM
Q4 25
61.4%
37.7%
Q3 25
58.4%
Q2 25
54.5%
0.1%
Q1 25
53.2%
48.0%
Q4 24
53.4%
Q3 24
54.5%
Q2 24
55.1%
41.1%
Q1 24
54.8%
Operating Margin
FSLY
FSLY
HCM
HCM
Q4 25
-8.7%
-13.2%
Q3 25
-18.2%
Q2 25
-24.8%
-1.3%
Q1 25
-26.4%
-5.0%
Q4 24
-24.4%
Q3 24
-29.6%
Q2 24
-35.3%
-9.0%
Q1 24
-34.6%
Net Margin
FSLY
FSLY
HCM
HCM
Q4 25
-9.0%
0.7%
Q3 25
-18.6%
Q2 25
-25.2%
163.8%
Q1 25
-27.1%
3.7%
Q4 24
-23.4%
Q3 24
-27.7%
Q2 24
-33.0%
8.4%
Q1 24
-32.5%
EPS (diluted)
FSLY
FSLY
HCM
HCM
Q4 25
$-0.10
$0.00
Q3 25
$-0.20
Q2 25
$-0.26
$0.52
Q1 25
$-0.27
$0.01
Q4 24
$-0.23
Q3 24
$-0.27
Q2 24
$-0.32
$0.03
Q1 24
$-0.32

Balance Sheet & Financial Strength

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

Metric
FSLY
FSLY
HCM
HCM
Cash + ST InvestmentsLiquidity on hand
$361.8M
$1.4B
Total DebtLower is stronger
$93.2M
Stockholders' EquityBook value
$929.6M
$1.2B
Total Assets
$1.5B
$1.8B
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSLY
FSLY
HCM
HCM
Q4 25
$361.8M
$1.4B
Q3 25
$342.9M
Q2 25
$321.2M
$1.4B
Q1 25
$307.3M
$836.1M
Q4 24
$295.9M
Q3 24
$308.2M
Q2 24
$311.8M
$802.5M
Q1 24
$329.5M
Total Debt
FSLY
FSLY
HCM
HCM
Q4 25
$93.2M
Q3 25
Q2 25
$93.4M
Q1 25
$82.8M
Q4 24
Q3 24
Q2 24
$82.1M
Q1 24
Stockholders' Equity
FSLY
FSLY
HCM
HCM
Q4 25
$929.6M
$1.2B
Q3 25
$937.0M
Q2 25
$942.6M
$1.2B
Q1 25
$957.0M
$759.9M
Q4 24
$965.3M
Q3 24
$969.5M
Q2 24
$981.2M
$740.1M
Q1 24
$991.8M
Total Assets
FSLY
FSLY
HCM
HCM
Q4 25
$1.5B
$1.8B
Q3 25
$1.5B
Q2 25
$1.5B
$1.8B
Q1 25
$1.4B
$1.3B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.5B
$1.3B
Q1 24
$1.5B
Debt / Equity
FSLY
FSLY
HCM
HCM
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
FSLY
FSLY
HCM
HCM
Operating Cash FlowLast quarter
$22.4M
$8.2M
Free Cash FlowOCF − Capex
$12.2M
$3.4M
FCF MarginFCF / Revenue
7.1%
1.2%
Capex IntensityCapex / Revenue
5.9%
1.8%
Cash ConversionOCF / Net Profit
4.21×
TTM Free Cash FlowTrailing 4 quarters
$65.8M
$-96.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSLY
FSLY
HCM
HCM
Q4 25
$22.4M
$8.2M
Q3 25
$28.9M
Q2 25
$25.8M
$-72.9M
Q1 25
$17.3M
$40.3M
Q4 24
$5.2M
Q3 24
$5.0M
Q2 24
$-4.9M
$-39.8M
Q1 24
$11.1M
Free Cash Flow
FSLY
FSLY
HCM
HCM
Q4 25
$12.2M
$3.4M
Q3 25
$22.9M
Q2 25
$15.9M
$-82.2M
Q1 25
$14.7M
$32.5M
Q4 24
$251.0K
Q3 24
$3.0M
Q2 24
$-6.7M
$-49.9M
Q1 24
$9.5M
FCF Margin
FSLY
FSLY
HCM
HCM
Q4 25
7.1%
1.2%
Q3 25
14.5%
Q2 25
10.7%
-29.6%
Q1 25
10.2%
10.0%
Q4 24
0.2%
Q3 24
2.2%
Q2 24
-5.1%
-16.3%
Q1 24
7.1%
Capex Intensity
FSLY
FSLY
HCM
HCM
Q4 25
5.9%
1.8%
Q3 25
3.8%
Q2 25
6.6%
3.3%
Q1 25
1.8%
2.4%
Q4 24
3.5%
Q3 24
1.5%
Q2 24
1.3%
3.3%
Q1 24
1.2%
Cash Conversion
FSLY
FSLY
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.

Revenue Breakdown by Segment

FSLY
FSLY

Network Services$130.8M76%
Security$35.4M21%
Other$6.4M4%

HCM
HCM

Segment breakdown not available.

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