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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and HighPeak Energy, Inc. (HPK). Click either name above to swap in a different company.

HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $216.6M, roughly 1.3× HighPeak Energy, Inc.). HUTCHMED (China) Ltd runs the higher net margin — 0.7% vs -11.6%, a 12.4% gap on every dollar of revenue. On growth, HUTCHMED (China) Ltd posted the faster year-over-year revenue change (-16.5% vs -23.3%).

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.

Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company serves over 7 million customers in the eastern United States. In 2024 it ranked as the 141st largest company in the United States – its highest-ever placement on the Fortune 500 list.

HCM vs HPK — Head-to-Head

Bigger by revenue
HCM
HCM
1.3× larger
HCM
$270.8M
$216.6M
HPK
Growing faster (revenue YoY)
HCM
HCM
+6.8% gap
HCM
-16.5%
-23.3%
HPK
Higher net margin
HCM
HCM
12.4% more per $
HCM
0.7%
-11.6%
HPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HCM
HCM
HPK
HPK
Revenue
$270.8M
$216.6M
Net Profit
$2.0M
$-25.2M
Gross Margin
37.7%
Operating Margin
-13.2%
-7.6%
Net Margin
0.7%
-11.6%
Revenue YoY
-16.5%
-23.3%
Net Profit YoY
-83.6%
-380.7%
EPS (diluted)
$0.00
$-0.16

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
HCM
HCM
HPK
HPK
Q4 25
$270.8M
$216.6M
Q3 25
$188.9M
Q2 25
$277.7M
$200.4M
Q1 25
$324.5M
$257.4M
Q4 24
$282.6M
Q3 24
$271.6M
Q2 24
$305.7M
$275.3M
Q1 24
$287.8M
Net Profit
HCM
HCM
HPK
HPK
Q4 25
$2.0M
$-25.2M
Q3 25
$-18.3M
Q2 25
$455.0M
$26.2M
Q1 25
$11.9M
$36.3M
Q4 24
$9.0M
Q3 24
$49.9M
Q2 24
$25.8M
$29.7M
Q1 24
$6.4M
Gross Margin
HCM
HCM
HPK
HPK
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
HCM
HCM
HPK
HPK
Q4 25
-13.2%
-7.6%
Q3 25
17.3%
Q2 25
-1.3%
21.7%
Q1 25
-5.0%
35.1%
Q4 24
26.1%
Q3 24
27.0%
Q2 24
-9.0%
31.7%
Q1 24
35.8%
Net Margin
HCM
HCM
HPK
HPK
Q4 25
0.7%
-11.6%
Q3 25
-9.7%
Q2 25
163.8%
13.1%
Q1 25
3.7%
14.1%
Q4 24
3.2%
Q3 24
18.4%
Q2 24
8.4%
10.8%
Q1 24
2.2%
EPS (diluted)
HCM
HCM
HPK
HPK
Q4 25
$0.00
$-0.16
Q3 25
$-0.15
Q2 25
$0.52
$0.19
Q1 25
$0.01
$0.26
Q4 24
$0.06
Q3 24
$0.35
Q2 24
$0.03
$0.21
Q1 24
$0.05

Balance Sheet & Financial Strength

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

Metric
HCM
HCM
HPK
HPK
Cash + ST InvestmentsLiquidity on hand
$1.4B
$162.1M
Total DebtLower is stronger
$93.2M
$1.2B
Stockholders' EquityBook value
$1.2B
$1.6B
Total Assets
$1.8B
$3.2B
Debt / EquityLower = less leverage
0.08×
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCM
HCM
HPK
HPK
Q4 25
$1.4B
$162.1M
Q3 25
$164.9M
Q2 25
$1.4B
$21.9M
Q1 25
$836.1M
$51.6M
Q4 24
$86.6M
Q3 24
$135.6M
Q2 24
$802.5M
$157.9M
Q1 24
$173.4M
Total Debt
HCM
HCM
HPK
HPK
Q4 25
$93.2M
$1.2B
Q3 25
$1.2B
Q2 25
$93.4M
$1.0B
Q1 25
$82.8M
$1.0B
Q4 24
$1.0B
Q3 24
$1.1B
Q2 24
$82.1M
$1.1B
Q1 24
$1.1B
Stockholders' Equity
HCM
HCM
HPK
HPK
Q4 25
$1.2B
$1.6B
Q3 25
$1.6B
Q2 25
$1.2B
$1.7B
Q1 25
$759.9M
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$740.1M
$1.6B
Q1 24
$1.5B
Total Assets
HCM
HCM
HPK
HPK
Q4 25
$1.8B
$3.2B
Q3 25
$3.2B
Q2 25
$1.8B
$3.1B
Q1 25
$1.3B
$3.1B
Q4 24
$3.1B
Q3 24
$3.1B
Q2 24
$1.3B
$3.1B
Q1 24
$3.1B
Debt / Equity
HCM
HCM
HPK
HPK
Q4 25
0.08×
0.75×
Q3 25
0.73×
Q2 25
0.08×
0.62×
Q1 25
0.11×
0.63×
Q4 24
0.65×
Q3 24
0.67×
Q2 24
0.11×
0.70×
Q1 24
0.73×

Cash Flow & Capital Efficiency

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

Metric
HCM
HCM
HPK
HPK
Operating Cash FlowLast quarter
$8.2M
$93.1M
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
HCM
HCM
HPK
HPK
Q4 25
$8.2M
$93.1M
Q3 25
$120.2M
Q2 25
$-72.9M
$141.2M
Q1 25
$40.3M
$157.1M
Q4 24
$139.5M
Q3 24
$177.1M
Q2 24
$-39.8M
$202.3M
Q1 24
$171.4M
Free Cash Flow
HCM
HCM
HPK
HPK
Q4 25
$3.4M
Q3 25
Q2 25
$-82.2M
Q1 25
$32.5M
Q4 24
Q3 24
Q2 24
$-49.9M
Q1 24
FCF Margin
HCM
HCM
HPK
HPK
Q4 25
1.2%
Q3 25
Q2 25
-29.6%
Q1 25
10.0%
Q4 24
Q3 24
Q2 24
-16.3%
Q1 24
Capex Intensity
HCM
HCM
HPK
HPK
Q4 25
1.8%
Q3 25
Q2 25
3.3%
Q1 25
2.4%
Q4 24
Q3 24
Q2 24
3.3%
Q1 24
Cash Conversion
HCM
HCM
HPK
HPK
Q4 25
4.21×
Q3 25
Q2 25
-0.16×
5.39×
Q1 25
3.38×
4.32×
Q4 24
15.53×
Q3 24
3.55×
Q2 24
-1.54×
6.81×
Q1 24
26.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HCM
HCM

Segment breakdown not available.

HPK
HPK

Crude Oil Sales$152.1M70%
Natural Gas And NGL Sales$60.8M28%

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