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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and MOVADO GROUP INC (MOV). Click either name above to swap in a different company.
HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $186.1M, roughly 1.5× MOVADO GROUP INC). MOVADO GROUP INC runs the higher net margin — 5.1% vs 0.7%, a 4.4% gap on every dollar of revenue. On growth, MOVADO GROUP INC posted the faster year-over-year revenue change (1.9% vs -16.5%). MOVADO GROUP INC produced more free cash flow last quarter ($11.6M vs $3.4M).
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.
Movado is a luxury American watch brand originally founded in 1881 in Switzerland. Movado means "movement" in Esperanto. The watches are known for their signature metallic dot at 12 o'clock and minimalist style; the company is best known for its Museum Watch.
HCM vs MOV — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $186.1M |
| Net Profit | $2.0M | $9.6M |
| Gross Margin | 37.7% | 54.3% |
| Operating Margin | -13.2% | 6.3% |
| Net Margin | 0.7% | 5.1% |
| Revenue YoY | -16.5% | 1.9% |
| Net Profit YoY | -83.6% | 89.8% |
| EPS (diluted) | $0.00 | $0.42 |
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 | $186.1M | ||
| Q3 25 | — | $161.8M | ||
| Q2 25 | $277.7M | $131.8M | ||
| Q1 25 | $324.5M | $181.5M | ||
| Q4 24 | — | $180.5M | ||
| Q3 24 | — | $157.0M | ||
| Q2 24 | $305.7M | $134.4M | ||
| Q1 24 | — | $175.8M |
| Q4 25 | $2.0M | $9.6M | ||
| Q3 25 | — | $3.0M | ||
| Q2 25 | $455.0M | $1.4M | ||
| Q1 25 | $11.9M | $8.1M | ||
| Q4 24 | — | $4.8M | ||
| Q3 24 | — | $3.5M | ||
| Q2 24 | $25.8M | $2.0M | ||
| Q1 24 | — | $9.8M |
| Q4 25 | 37.7% | 54.3% | ||
| Q3 25 | — | 54.1% | ||
| Q2 25 | 0.1% | 54.1% | ||
| Q1 25 | 48.0% | 54.2% | ||
| Q4 24 | — | 53.5% | ||
| Q3 24 | — | 54.3% | ||
| Q2 24 | 41.1% | 54.3% | ||
| Q1 24 | — | 53.5% |
| Q4 25 | -13.2% | 6.3% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | -1.3% | 0.2% | ||
| Q1 25 | -5.0% | 5.1% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | -9.0% | 1.6% | ||
| Q1 24 | — | 6.1% |
| Q4 25 | 0.7% | 5.1% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | 163.8% | 1.1% | ||
| Q1 25 | 3.7% | 4.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | 8.4% | 1.5% | ||
| Q1 24 | — | 5.6% |
| Q4 25 | $0.00 | $0.42 | ||
| Q3 25 | — | $0.13 | ||
| Q2 25 | $0.52 | $0.06 | ||
| Q1 25 | $0.01 | $0.36 | ||
| Q4 24 | — | $0.21 | ||
| Q3 24 | — | $0.15 | ||
| Q2 24 | $0.03 | $0.09 | ||
| Q1 24 | — | $0.44 |
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 | $183.9M |
| Total DebtLower is stronger | $93.2M | — |
| Stockholders' EquityBook value | $1.2B | $497.5M |
| Total Assets | $1.8B | $751.9M |
| Debt / EquityLower = less leverage | 0.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $183.9M | ||
| Q3 25 | — | $180.5M | ||
| Q2 25 | $1.4B | $203.1M | ||
| Q1 25 | $836.1M | $208.5M | ||
| Q4 24 | — | $181.5M | ||
| Q3 24 | — | $198.3M | ||
| Q2 24 | $802.5M | $225.4M | ||
| Q1 24 | — | $262.1M |
| 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 | $497.5M | ||
| Q3 25 | — | $489.9M | ||
| Q2 25 | $1.2B | $493.2M | ||
| Q1 25 | $759.9M | $481.3M | ||
| Q4 24 | — | $491.3M | ||
| Q3 24 | — | $492.0M | ||
| Q2 24 | $740.1M | $489.6M | ||
| Q1 24 | — | $505.9M |
| Q4 25 | $1.8B | $751.9M | ||
| Q3 25 | — | $748.7M | ||
| Q2 25 | $1.8B | $747.2M | ||
| Q1 25 | $1.3B | $729.2M | ||
| Q4 24 | — | $747.2M | ||
| Q3 24 | — | $742.5M | ||
| Q2 24 | $1.3B | $736.0M | ||
| Q1 24 | — | $756.5M |
| 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 | $12.3M |
| Free Cash FlowOCF − Capex | $3.4M | $11.6M |
| FCF MarginFCF / Revenue | 1.2% | 6.2% |
| Capex IntensityCapex / Revenue | 1.8% | 0.4% |
| Cash ConversionOCF / Net Profit | 4.21× | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | $35.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $12.3M | ||
| Q3 25 | — | $-3.8M | ||
| Q2 25 | $-72.9M | $-7.2M | ||
| Q1 25 | $40.3M | $39.1M | ||
| Q4 24 | — | $-4.7M | ||
| Q3 24 | — | $-17.8M | ||
| Q2 24 | $-39.8M | $-18.1M | ||
| Q1 24 | — | $69.4M |
| Q4 25 | $3.4M | $11.6M | ||
| Q3 25 | — | $-5.1M | ||
| Q2 25 | $-82.2M | $-8.7M | ||
| Q1 25 | $32.5M | $37.5M | ||
| Q4 24 | — | $-7.2M | ||
| Q3 24 | — | $-20.1M | ||
| Q2 24 | $-49.9M | $-19.7M | ||
| Q1 24 | — | $67.8M |
| Q4 25 | 1.2% | 6.2% | ||
| Q3 25 | — | -3.1% | ||
| Q2 25 | -29.6% | -6.6% | ||
| Q1 25 | 10.0% | 20.7% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | — | -12.8% | ||
| Q2 24 | -16.3% | -14.7% | ||
| Q1 24 | — | 38.6% |
| Q4 25 | 1.8% | 0.4% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | 3.3% | 1.2% | ||
| Q1 25 | 2.4% | 0.9% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | 3.3% | 1.2% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | 4.21× | 1.28× | ||
| Q3 25 | — | -1.27× | ||
| Q2 25 | -0.16× | -5.08× | ||
| Q1 25 | 3.38× | 4.86× | ||
| Q4 24 | — | -0.98× | ||
| Q3 24 | — | -5.14× | ||
| Q2 24 | -1.54× | -8.97× | ||
| Q1 24 | — | 7.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCM
Segment breakdown not available.
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
