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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.
HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $159.9M, roughly 1.7× INSTEEL INDUSTRIES INC). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs 0.7%, a 4.0% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs -16.5%). HUTCHMED (China) Ltd produced more free cash flow last quarter ($3.4M vs $-2.2M).
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.
Insteel Industries Inc is a leading U.S. manufacturer of steel reinforcing products including welded wire reinforcement and steel fibers. It primarily serves non-residential construction, infrastructure, and precast concrete segments across North America, delivering high-performance reinforcement solutions for various construction projects.
HCM vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $159.9M |
| Net Profit | $2.0M | $7.6M |
| Gross Margin | 37.7% | 11.3% |
| Operating Margin | -13.2% | 6.0% |
| Net Margin | 0.7% | 4.7% |
| Revenue YoY | -16.5% | 23.3% |
| Net Profit YoY | -83.6% | 602.4% |
| EPS (diluted) | $0.00 | $0.39 |
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 | $159.9M | ||
| Q3 25 | — | $177.4M | ||
| Q2 25 | $277.7M | $179.9M | ||
| Q1 25 | $324.5M | $160.7M | ||
| Q4 24 | — | $129.7M | ||
| Q3 24 | — | $134.3M | ||
| Q2 24 | $305.7M | $145.8M | ||
| Q1 24 | — | $127.4M |
| Q4 25 | $2.0M | $7.6M | ||
| Q3 25 | — | $14.6M | ||
| Q2 25 | $455.0M | $15.2M | ||
| Q1 25 | $11.9M | $10.2M | ||
| Q4 24 | — | $1.1M | ||
| Q3 24 | — | $4.7M | ||
| Q2 24 | $25.8M | $6.6M | ||
| Q1 24 | — | $6.9M |
| Q4 25 | 37.7% | 11.3% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | 0.1% | 17.1% | ||
| Q1 25 | 48.0% | 15.3% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | 41.1% | 10.6% | ||
| Q1 24 | — | 12.3% |
| Q4 25 | -13.2% | 6.0% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | -1.3% | 11.0% | ||
| Q1 25 | -5.0% | 8.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | -9.0% | 6.0% | ||
| Q1 24 | — | 7.0% |
| Q4 25 | 0.7% | 4.7% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | 163.8% | 8.4% | ||
| Q1 25 | 3.7% | 6.4% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 3.5% | ||
| Q2 24 | 8.4% | 4.5% | ||
| Q1 24 | — | 5.4% |
| Q4 25 | $0.00 | $0.39 | ||
| Q3 25 | — | $0.74 | ||
| Q2 25 | $0.52 | $0.78 | ||
| Q1 25 | $0.01 | $0.52 | ||
| Q4 24 | — | $0.06 | ||
| Q3 24 | — | $0.24 | ||
| Q2 24 | $0.03 | $0.34 | ||
| Q1 24 | — | $0.35 |
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 | $15.6M |
| Total DebtLower is stronger | $93.2M | — |
| Stockholders' EquityBook value | $1.2B | $358.8M |
| Total Assets | $1.8B | $456.1M |
| Debt / EquityLower = less leverage | 0.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $15.6M | ||
| Q3 25 | — | $38.6M | ||
| Q2 25 | $1.4B | $53.7M | ||
| Q1 25 | $836.1M | $28.4M | ||
| Q4 24 | — | $36.0M | ||
| Q3 24 | — | $111.5M | ||
| Q2 24 | $802.5M | $97.7M | ||
| Q1 24 | — | $83.9M |
| 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 | $1.2B | $358.8M | ||
| Q3 25 | — | $371.5M | ||
| Q2 25 | $1.2B | $356.2M | ||
| Q1 25 | $759.9M | $341.4M | ||
| Q4 24 | — | $331.6M | ||
| Q3 24 | — | $350.9M | ||
| Q2 24 | $740.1M | $346.0M | ||
| Q1 24 | — | $340.6M |
| Q4 25 | $1.8B | $456.1M | ||
| Q3 25 | — | $462.6M | ||
| Q2 25 | $1.8B | $471.9M | ||
| Q1 25 | $1.3B | $421.9M | ||
| Q4 24 | — | $404.7M | ||
| Q3 24 | — | $422.6M | ||
| Q2 24 | $1.3B | $414.6M | ||
| Q1 24 | — | $397.2M |
| 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 | $8.2M | $-701.0K |
| Free Cash FlowOCF − Capex | $3.4M | $-2.2M |
| FCF MarginFCF / Revenue | 1.2% | -1.4% |
| Capex IntensityCapex / Revenue | 1.8% | 0.9% |
| Cash ConversionOCF / Net Profit | 4.21× | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $-701.0K | ||
| Q3 25 | — | $-17.0M | ||
| Q2 25 | $-72.9M | $28.5M | ||
| Q1 25 | $40.3M | $-3.3M | ||
| Q4 24 | — | $19.0M | ||
| Q3 24 | — | $16.2M | ||
| Q2 24 | $-39.8M | $18.8M | ||
| Q1 24 | — | $1.4M |
| Q4 25 | $3.4M | $-2.2M | ||
| Q3 25 | — | $-18.7M | ||
| Q2 25 | $-82.2M | $26.9M | ||
| Q1 25 | $32.5M | $-5.5M | ||
| Q4 24 | — | $16.3M | ||
| Q3 24 | — | $14.5M | ||
| Q2 24 | $-49.9M | $15.5M | ||
| Q1 24 | — | $-580.0K |
| Q4 25 | 1.2% | -1.4% | ||
| Q3 25 | — | -10.6% | ||
| Q2 25 | -29.6% | 15.0% | ||
| Q1 25 | 10.0% | -3.5% | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | -16.3% | 10.7% | ||
| Q1 24 | — | -0.5% |
| Q4 25 | 1.8% | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | 3.3% | 0.9% | ||
| Q1 25 | 2.4% | 1.4% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | 3.3% | 2.2% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | 4.21× | -0.09× | ||
| Q3 25 | — | -1.17× | ||
| Q2 25 | -0.16× | 1.88× | ||
| Q1 25 | 3.38× | -0.32× | ||
| Q4 24 | — | 17.56× | ||
| Q3 24 | — | 3.48× | ||
| Q2 24 | -1.54× | 2.86× | ||
| Q1 24 | — | 0.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCM
Segment breakdown not available.
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
