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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
New Fortress Energy Inc. is the larger business by last-quarter revenue ($326.2M vs $270.8M, roughly 1.2× HUTCHMED (China) Ltd). HUTCHMED (China) Ltd runs the higher net margin — 0.7% vs -259.7%, a 260.4% gap on every dollar of revenue. On growth, New Fortress Energy Inc. posted the faster year-over-year revenue change (-7.0% vs -16.5%). HUTCHMED (China) Ltd produced more free cash flow last quarter ($3.4M vs $-134.8M).
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.
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
HCM vs NFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $326.2M |
| Net Profit | $2.0M | $-847.1M |
| Gross Margin | 37.7% | 35.5% |
| Operating Margin | -13.2% | -193.0% |
| Net Margin | 0.7% | -259.7% |
| Revenue YoY | -16.5% | -7.0% |
| Net Profit YoY | -83.6% | -277.4% |
| EPS (diluted) | $0.00 | $-3.03 |
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 | $326.2M | ||
| Q3 25 | — | $240.3M | ||
| Q2 25 | $277.7M | $228.1M | ||
| Q1 25 | $324.5M | $384.9M | ||
| Q4 24 | — | $350.7M | ||
| Q3 24 | — | $446.0M | ||
| Q2 24 | $305.7M | $291.2M | ||
| Q1 24 | — | $609.5M |
| Q4 25 | $2.0M | $-847.1M | ||
| Q3 25 | — | $-263.0M | ||
| Q2 25 | $455.0M | $-546.5M | ||
| Q1 25 | $11.9M | $-175.4M | ||
| Q4 24 | — | $-224.4M | ||
| Q3 24 | — | $9.3M | ||
| Q2 24 | $25.8M | $-88.9M | ||
| Q1 24 | — | $54.1M |
| Q4 25 | 37.7% | 35.5% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | 0.1% | 8.4% | ||
| Q1 25 | 48.0% | 21.4% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | 27.1% | ||
| Q2 24 | 41.1% | 23.8% | ||
| Q1 24 | — | 62.4% |
| Q4 25 | -13.2% | -193.0% | ||
| Q3 25 | — | -37.4% | ||
| Q2 25 | -1.3% | -170.3% | ||
| Q1 25 | -5.0% | -3.3% | ||
| Q4 24 | — | 65.0% | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | -9.0% | 12.3% | ||
| Q1 24 | — | 30.4% |
| Q4 25 | 0.7% | -259.7% | ||
| Q3 25 | — | -109.4% | ||
| Q2 25 | 163.8% | -239.6% | ||
| Q1 25 | 3.7% | -45.6% | ||
| Q4 24 | — | -64.0% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | 8.4% | -30.5% | ||
| Q1 24 | — | 8.9% |
| Q4 25 | $0.00 | $-3.03 | ||
| Q3 25 | — | $-0.96 | ||
| Q2 25 | $0.52 | $-1.99 | ||
| Q1 25 | $0.01 | $-0.65 | ||
| Q4 24 | — | $-1.10 | ||
| Q3 24 | — | $0.03 | ||
| Q2 24 | $0.03 | $-0.42 | ||
| Q1 24 | — | $0.23 |
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 | $226.5M |
| Total DebtLower is stronger | $93.2M | $8.2B |
| Stockholders' EquityBook value | $1.2B | $182.6M |
| Total Assets | $1.8B | $10.6B |
| Debt / EquityLower = less leverage | 0.08× | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $226.5M | ||
| Q3 25 | — | $145.2M | ||
| Q2 25 | $1.4B | $551.1M | ||
| Q1 25 | $836.1M | $447.9M | ||
| Q4 24 | — | $492.9M | ||
| Q3 24 | — | $90.8M | ||
| Q2 24 | $802.5M | $133.0M | ||
| Q1 24 | — | $143.5M |
| Q4 25 | $93.2M | $8.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | $93.4M | — | ||
| Q1 25 | $82.8M | — | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | $82.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $182.6M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $759.9M | $1.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | $740.1M | $1.6B | ||
| Q1 24 | — | $1.7B |
| Q4 25 | $1.8B | $10.6B | ||
| Q3 25 | — | $12.0B | ||
| Q2 25 | $1.8B | $12.0B | ||
| Q1 25 | $1.3B | $13.1B | ||
| Q4 24 | — | $12.9B | ||
| Q3 24 | — | $12.0B | ||
| Q2 24 | $1.3B | $11.4B | ||
| Q1 24 | — | $10.9B |
| Q4 25 | 0.08× | 44.78× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.11× | — | ||
| Q4 24 | — | 4.74× | ||
| 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 | $-76.2M |
| Free Cash FlowOCF − Capex | $3.4M | $-134.8M |
| FCF MarginFCF / Revenue | 1.2% | -41.3% |
| Capex IntensityCapex / Revenue | 1.8% | 18.0% |
| Cash ConversionOCF / Net Profit | 4.21× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $-76.2M | ||
| Q3 25 | — | $-171.0M | ||
| Q2 25 | $-72.9M | $-329.0M | ||
| Q1 25 | $40.3M | $-7.2M | ||
| Q4 24 | — | $445.3M | ||
| Q3 24 | — | $-20.0M | ||
| Q2 24 | $-39.8M | $113.9M | ||
| Q1 24 | — | $63.0M |
| Q4 25 | $3.4M | $-134.8M | ||
| Q3 25 | — | $-231.6M | ||
| Q2 25 | $-82.2M | $-726.7M | ||
| Q1 25 | $32.5M | $-262.3M | ||
| Q4 24 | — | $-210.3M | ||
| Q3 24 | — | $-367.0M | ||
| Q2 24 | $-49.9M | $-493.2M | ||
| Q1 24 | — | $-457.9M |
| Q4 25 | 1.2% | -41.3% | ||
| Q3 25 | — | -96.4% | ||
| Q2 25 | -29.6% | -318.6% | ||
| Q1 25 | 10.0% | -68.2% | ||
| Q4 24 | — | -60.0% | ||
| Q3 24 | — | -82.3% | ||
| Q2 24 | -16.3% | -169.3% | ||
| Q1 24 | — | -75.1% |
| Q4 25 | 1.8% | 18.0% | ||
| Q3 25 | — | 25.2% | ||
| Q2 25 | 3.3% | 174.4% | ||
| Q1 25 | 2.4% | 66.3% | ||
| Q4 24 | — | 187.0% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | 3.3% | 208.4% | ||
| Q1 24 | — | 85.5% |
| Q4 25 | 4.21× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.16× | — | ||
| Q1 25 | 3.38× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -2.15× | ||
| Q2 24 | -1.54× | — | ||
| Q1 24 | — | 1.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
