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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and INDEPENDENCE REALTY TRUST, INC. (IRT). Click either name above to swap in a different company.
HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $165.3M, roughly 1.6× INDEPENDENCE REALTY TRUST, INC.). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% 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.
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
HCM vs IRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $165.3M |
| Net Profit | $2.0M | — |
| Gross Margin | 37.7% | — |
| Operating Margin | -13.2% | — |
| Net Margin | 0.7% | — |
| Revenue YoY | -16.5% | 2.5% |
| Net Profit YoY | -83.6% | — |
| EPS (diluted) | $0.00 | $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.
| Q1 26 | — | $165.3M | ||
| Q4 25 | $270.8M | $167.1M | ||
| Q3 25 | — | $167.1M | ||
| Q2 25 | $277.7M | $162.2M | ||
| Q1 25 | $324.5M | $161.2M | ||
| Q4 24 | — | $161.0M | ||
| Q3 24 | — | $160.1M | ||
| Q2 24 | $305.7M | $158.4M |
| Q1 26 | — | — | ||
| Q4 25 | $2.0M | $33.3M | ||
| Q3 25 | — | $6.9M | ||
| Q2 25 | $455.0M | $8.0M | ||
| Q1 25 | $11.9M | $8.4M | ||
| Q4 24 | — | $-1.0M | ||
| Q3 24 | — | $12.4M | ||
| Q2 24 | $25.8M | $10.4M |
| Q1 26 | — | — | ||
| Q4 25 | 37.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 48.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 41.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | -13.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -1.3% | — | ||
| Q1 25 | -5.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -9.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 19.9% | ||
| Q3 25 | — | 4.1% | ||
| Q2 25 | 163.8% | 5.0% | ||
| Q1 25 | 3.7% | 5.2% | ||
| Q4 24 | — | -0.6% | ||
| Q3 24 | — | 7.7% | ||
| Q2 24 | 8.4% | 6.5% |
| Q1 26 | — | $0.00 | ||
| Q4 25 | $0.00 | $0.14 | ||
| Q3 25 | — | $0.03 | ||
| Q2 25 | $0.52 | $0.03 | ||
| Q1 25 | $0.01 | $0.04 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | — | $0.05 | ||
| Q2 24 | $0.03 | $0.05 |
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 | $23.3M |
| Total DebtLower is stronger | $93.2M | — |
| Stockholders' EquityBook value | $1.2B | $3.4B |
| Total Assets | $1.8B | $6.1B |
| Debt / EquityLower = less leverage | 0.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $23.3M | ||
| Q4 25 | $1.4B | $23.6M | ||
| Q3 25 | — | $23.3M | ||
| Q2 25 | $1.4B | $19.5M | ||
| Q1 25 | $836.1M | $29.1M | ||
| Q4 24 | — | $21.2M | ||
| Q3 24 | — | $17.6M | ||
| Q2 24 | $802.5M | $21.0M |
| Q1 26 | — | — | ||
| Q4 25 | $93.2M | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | $93.4M | $2.2B | ||
| Q1 25 | $82.8M | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | $82.1M | $2.3B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $1.2B | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | $1.2B | $3.4B | ||
| Q1 25 | $759.9M | $3.5B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | $740.1M | $3.4B |
| Q1 26 | — | $6.1B | ||
| Q4 25 | $1.8B | $6.0B | ||
| Q3 25 | — | $6.1B | ||
| Q2 25 | $1.8B | $6.0B | ||
| Q1 25 | $1.3B | $6.0B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | $1.3B | $5.9B |
| Q1 26 | — | — | ||
| Q4 25 | 0.08× | 0.66× | ||
| Q3 25 | — | 0.66× | ||
| Q2 25 | 0.08× | 0.66× | ||
| Q1 25 | 0.11× | 0.65× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | 0.11× | 0.66× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $8.2M | $282.1M | ||
| Q3 25 | — | $79.3M | ||
| Q2 25 | $-72.9M | $82.2M | ||
| Q1 25 | $40.3M | $60.4M | ||
| Q4 24 | — | $259.8M | ||
| Q3 24 | — | $69.2M | ||
| Q2 24 | $-39.8M | $83.0M |
| Q1 26 | — | — | ||
| Q4 25 | $3.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-82.2M | — | ||
| Q1 25 | $32.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-49.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -29.6% | — | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -16.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.21× | 8.48× | ||
| Q3 25 | — | 11.51× | ||
| Q2 25 | -0.16× | 10.22× | ||
| Q1 25 | 3.38× | 7.23× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 5.60× | ||
| Q2 24 | -1.54× | 8.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCM
Segment breakdown not available.
IRT
| Rental and other property revenue | $165.2M | 100% |
| Other revenue | $109.0K | 0% |
