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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and H2O AMERICA (HTO). Click either name above to swap in a different company.
HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $199.4M, roughly 1.4× H2O AMERICA). H2O AMERICA runs the higher net margin — 8.1% vs 0.7%, a 7.4% gap on every dollar of revenue. On growth, H2O AMERICA posted the faster year-over-year revenue change (1.5% vs -16.5%).
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.
H2O Wireless is a United States-based prepaid cell phone service, that utilizes the AT&T network. It is a brand of the mobile virtual network operator (MVNO) Locus Telecommunications, a subsidiary of Telrite Holdings, Inc., since 2019. Locus was formerly a subsidiary of KDDI America corporation, starting in 2010. H2O Wireless is primarily advertised as a non-restrictive phone service for customers to bring or buy unlocked smartphones, although AT&T contract/locked phones may be accepted as well.
HCM vs HTO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $199.4M |
| Net Profit | $2.0M | $16.2M |
| Gross Margin | 37.7% | — |
| Operating Margin | -13.2% | 16.6% |
| Net Margin | 0.7% | 8.1% |
| Revenue YoY | -16.5% | 1.5% |
| Net Profit YoY | -83.6% | -29.2% |
| EPS (diluted) | $0.00 | $0.45 |
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 | $270.8M | $199.4M | ||
| Q3 25 | — | $243.5M | ||
| Q2 25 | $277.7M | $197.8M | ||
| Q1 25 | $324.5M | $164.9M | ||
| Q4 24 | — | $196.5M | ||
| Q3 24 | — | $216.7M | ||
| Q2 24 | $305.7M | $173.1M | ||
| Q1 24 | — | $150.0M |
| Q4 25 | $2.0M | $16.2M | ||
| Q3 25 | — | $45.1M | ||
| Q2 25 | $455.0M | $24.7M | ||
| Q1 25 | $11.9M | $16.6M | ||
| Q4 24 | — | $22.9M | ||
| Q3 24 | — | $38.7M | ||
| Q2 24 | $25.8M | $20.7M | ||
| Q1 24 | — | $11.7M |
| Q4 25 | 37.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 48.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 41.1% | — | ||
| Q1 24 | — | — |
| Q4 25 | -13.2% | 16.6% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | -1.3% | 22.2% | ||
| Q1 25 | -5.0% | 21.8% | ||
| Q4 24 | — | 22.2% | ||
| Q3 24 | — | 26.9% | ||
| Q2 24 | -9.0% | 23.4% | ||
| Q1 24 | — | 18.6% |
| Q4 25 | 0.7% | 8.1% | ||
| Q3 25 | — | 18.5% | ||
| Q2 25 | 163.8% | 12.5% | ||
| Q1 25 | 3.7% | 10.0% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | 8.4% | 12.0% | ||
| Q1 24 | — | 7.8% |
| Q4 25 | $0.00 | $0.45 | ||
| Q3 25 | — | $1.27 | ||
| Q2 25 | $0.52 | $0.71 | ||
| Q1 25 | $0.01 | $0.49 | ||
| Q4 24 | — | $0.70 | ||
| Q3 24 | — | $1.17 | ||
| Q2 24 | $0.03 | $0.64 | ||
| Q1 24 | — | $0.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.4B | $20.7M |
| Total DebtLower is stronger | $93.2M | $1.9B |
| Stockholders' EquityBook value | $1.2B | $1.5B |
| Total Assets | $1.8B | $5.1B |
| Debt / EquityLower = less leverage | 0.08× | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $20.7M | ||
| Q3 25 | — | $11.3M | ||
| Q2 25 | $1.4B | $19.8M | ||
| Q1 25 | $836.1M | $23.7M | ||
| Q4 24 | — | $11.1M | ||
| Q3 24 | — | $4.0M | ||
| Q2 24 | $802.5M | $22.8M | ||
| Q1 24 | — | $4.5M |
| Q4 25 | $93.2M | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | $93.4M | — | ||
| Q1 25 | $82.8M | — | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | $82.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $759.9M | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | $740.1M | $1.3B | ||
| Q1 24 | — | $1.2B |
| Q4 25 | $1.8B | $5.1B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | $1.8B | $4.8B | ||
| Q1 25 | $1.3B | $4.7B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | $1.3B | $4.4B | ||
| Q1 24 | — | $4.4B |
| Q4 25 | 0.08× | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.11× | — | ||
| Q4 24 | — | 1.26× | ||
| 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 | $8.2M | $63.5M |
| Free Cash FlowOCF − Capex | $3.4M | — |
| FCF MarginFCF / Revenue | 1.2% | — |
| Capex IntensityCapex / Revenue | 1.8% | — |
| Cash ConversionOCF / Net Profit | 4.21× | 3.92× |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $63.5M | ||
| Q3 25 | — | $77.3M | ||
| Q2 25 | $-72.9M | $60.8M | ||
| Q1 25 | $40.3M | $43.2M | ||
| Q4 24 | — | $41.5M | ||
| Q3 24 | — | $53.5M | ||
| Q2 24 | $-39.8M | $49.3M | ||
| Q1 24 | — | $51.2M |
| Q4 25 | $3.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-82.2M | — | ||
| Q1 25 | $32.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-49.9M | — | ||
| Q1 24 | — | — |
| Q4 25 | 1.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -29.6% | — | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -16.3% | — | ||
| Q1 24 | — | — |
| Q4 25 | 1.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.3% | — | ||
| Q1 24 | — | — |
| Q4 25 | 4.21× | 3.92× | ||
| Q3 25 | — | 1.71× | ||
| Q2 25 | -0.16× | 2.47× | ||
| Q1 25 | 3.38× | 2.61× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | 1.39× | ||
| Q2 24 | -1.54× | 2.38× | ||
| Q1 24 | — | 4.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCM
Segment breakdown not available.
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
