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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and MGIC INVESTMENT CORP (MTG). Click either name above to swap in a different company.

MGIC INVESTMENT CORP is the larger business by last-quarter revenue ($297.1M vs $270.8M, roughly 1.1× HUTCHMED (China) Ltd). MGIC INVESTMENT CORP runs the higher net margin — 55.6% vs 0.7%, a 54.9% gap on every dollar of revenue. On growth, MGIC INVESTMENT CORP posted the faster year-over-year revenue change (-3.0% vs -16.5%).

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.

MGIC Investment Corporation NYSE: MTG ("MGIC") is a provider of private mortgage insurance in the United States. The company is headquartered in Milwaukee, Wisconsin.

HCM vs MTG — Head-to-Head

Bigger by revenue
MTG
MTG
1.1× larger
MTG
$297.1M
$270.8M
HCM
Growing faster (revenue YoY)
MTG
MTG
+13.6% gap
MTG
-3.0%
-16.5%
HCM
Higher net margin
MTG
MTG
54.9% more per $
MTG
55.6%
0.7%
HCM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HCM
HCM
MTG
MTG
Revenue
$270.8M
$297.1M
Net Profit
$2.0M
$165.3M
Gross Margin
37.7%
Operating Margin
-13.2%
Net Margin
0.7%
55.6%
Revenue YoY
-16.5%
-3.0%
Net Profit YoY
-83.6%
-10.9%
EPS (diluted)
$0.00
$0.76

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
MTG
MTG
Q1 26
$297.1M
Q4 25
$270.8M
$298.7M
Q3 25
$304.5M
Q2 25
$277.7M
$304.2M
Q1 25
$324.5M
$306.2M
Q4 24
$301.4M
Q3 24
$306.6M
Q2 24
$305.7M
$305.3M
Net Profit
HCM
HCM
MTG
MTG
Q1 26
$165.3M
Q4 25
$2.0M
$169.3M
Q3 25
$191.1M
Q2 25
$455.0M
$192.5M
Q1 25
$11.9M
$185.5M
Q4 24
$184.7M
Q3 24
$200.0M
Q2 24
$25.8M
$204.2M
Gross Margin
HCM
HCM
MTG
MTG
Q1 26
Q4 25
37.7%
Q3 25
Q2 25
0.1%
Q1 25
48.0%
Q4 24
Q3 24
Q2 24
41.1%
Operating Margin
HCM
HCM
MTG
MTG
Q1 26
Q4 25
-13.2%
71.2%
Q3 25
77.2%
Q2 25
-1.3%
80.9%
Q1 25
-5.0%
76.6%
Q4 24
77.9%
Q3 24
82.9%
Q2 24
-9.0%
85.1%
Net Margin
HCM
HCM
MTG
MTG
Q1 26
55.6%
Q4 25
0.7%
56.7%
Q3 25
62.8%
Q2 25
163.8%
63.3%
Q1 25
3.7%
60.6%
Q4 24
61.3%
Q3 24
65.2%
Q2 24
8.4%
66.9%
EPS (diluted)
HCM
HCM
MTG
MTG
Q1 26
$0.76
Q4 25
$0.00
$0.75
Q3 25
$0.83
Q2 25
$0.52
$0.81
Q1 25
$0.01
$0.75
Q4 24
$0.71
Q3 24
$0.77
Q2 24
$0.03
$0.77

Balance Sheet & Financial Strength

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

Metric
HCM
HCM
MTG
MTG
Cash + ST InvestmentsLiquidity on hand
$1.4B
$235.1M
Total DebtLower is stronger
$93.2M
Stockholders' EquityBook value
$1.2B
$5.0B
Total Assets
$1.8B
$6.4B
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCM
HCM
MTG
MTG
Q1 26
$235.1M
Q4 25
$1.4B
$369.0M
Q3 25
$266.9M
Q2 25
$1.4B
$294.9M
Q1 25
$836.1M
$207.0M
Q4 24
$229.5M
Q3 24
$288.6M
Q2 24
$802.5M
$281.8M
Total Debt
HCM
HCM
MTG
MTG
Q1 26
Q4 25
$93.2M
Q3 25
Q2 25
$93.4M
Q1 25
$82.8M
Q4 24
Q3 24
Q2 24
$82.1M
Stockholders' Equity
HCM
HCM
MTG
MTG
Q1 26
$5.0B
Q4 25
$1.2B
$5.1B
Q3 25
$5.2B
Q2 25
$1.2B
$5.2B
Q1 25
$759.9M
$5.1B
Q4 24
$5.2B
Q3 24
$5.3B
Q2 24
$740.1M
$5.1B
Total Assets
HCM
HCM
MTG
MTG
Q1 26
$6.4B
Q4 25
$1.8B
$6.6B
Q3 25
$6.6B
Q2 25
$1.8B
$6.5B
Q1 25
$1.3B
$6.5B
Q4 24
$6.5B
Q3 24
$6.7B
Q2 24
$1.3B
$6.5B
Debt / Equity
HCM
HCM
MTG
MTG
Q1 26
Q4 25
0.08×
Q3 25
Q2 25
0.08×
Q1 25
0.11×
Q4 24
Q3 24
Q2 24
0.11×

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
MTG
MTG
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.

Operating Cash Flow
HCM
HCM
MTG
MTG
Q1 26
Q4 25
$8.2M
$230.8M
Q3 25
$215.4M
Q2 25
$-72.9M
$183.0M
Q1 25
$40.3M
$223.7M
Q4 24
$182.4M
Q3 24
$182.9M
Q2 24
$-39.8M
$169.2M
Free Cash Flow
HCM
HCM
MTG
MTG
Q1 26
Q4 25
$3.4M
$230.2M
Q3 25
$215.1M
Q2 25
$-82.2M
$183.0M
Q1 25
$32.5M
$223.5M
Q4 24
$181.9M
Q3 24
$182.5M
Q2 24
$-49.9M
$169.0M
FCF Margin
HCM
HCM
MTG
MTG
Q1 26
Q4 25
1.2%
77.1%
Q3 25
70.6%
Q2 25
-29.6%
60.1%
Q1 25
10.0%
73.0%
Q4 24
60.3%
Q3 24
59.5%
Q2 24
-16.3%
55.3%
Capex Intensity
HCM
HCM
MTG
MTG
Q1 26
Q4 25
1.8%
0.2%
Q3 25
0.1%
Q2 25
3.3%
0.0%
Q1 25
2.4%
0.0%
Q4 24
0.2%
Q3 24
0.1%
Q2 24
3.3%
0.1%
Cash Conversion
HCM
HCM
MTG
MTG
Q1 26
Q4 25
4.21×
1.36×
Q3 25
1.13×
Q2 25
-0.16×
0.95×
Q1 25
3.38×
1.21×
Q4 24
0.99×
Q3 24
0.91×
Q2 24
-1.54×
0.83×

Financial Flow Comparison

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

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