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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and National Storage Affiliates Trust (NSA). Click either name above to swap in a different company.
HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $187.0M, roughly 1.4× National Storage Affiliates Trust). National Storage Affiliates Trust runs the higher net margin — 12.2% vs 0.7%, a 11.5% gap on every dollar of revenue. On growth, National Storage Affiliates Trust posted the faster year-over-year revenue change (-1.6% vs -16.5%). National Storage Affiliates Trust produced more free cash flow last quarter ($299.8M 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.
National Storage Affiliates Trust is a U.S.-headquartered real estate investment trust focused on self-storage assets. It owns, operates and acquires self-storage facilities across dozens of U.S. states, offering secure storage solutions for residential and commercial customers.
HCM vs NSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $187.0M |
| Net Profit | $2.0M | $22.9M |
| Gross Margin | 37.7% | 72.5% |
| Operating Margin | -13.2% | 20.2% |
| Net Margin | 0.7% | 12.2% |
| Revenue YoY | -16.5% | -1.6% |
| Net Profit YoY | -83.6% | 36.8% |
| EPS (diluted) | $0.00 | $0.23 |
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 | $187.0M | ||
| Q3 25 | — | $188.7M | ||
| Q2 25 | $277.7M | $188.8M | ||
| Q1 25 | $324.5M | $188.4M | ||
| Q4 24 | — | $190.1M | ||
| Q3 24 | — | $193.6M | ||
| Q2 24 | $305.7M | $190.4M | ||
| Q1 24 | — | $196.1M |
| Q4 25 | $2.0M | $22.9M | ||
| Q3 25 | — | $18.4M | ||
| Q2 25 | $455.0M | $19.5M | ||
| Q1 25 | $11.9M | $13.0M | ||
| Q4 24 | — | $16.7M | ||
| Q3 24 | — | $18.7M | ||
| Q2 24 | $25.8M | $17.1M | ||
| Q1 24 | — | $59.0M |
| Q4 25 | 37.7% | 72.5% | ||
| Q3 25 | — | 70.7% | ||
| Q2 25 | 0.1% | 70.5% | ||
| Q1 25 | 48.0% | 70.7% | ||
| Q4 24 | — | 72.5% | ||
| Q3 24 | — | 72.8% | ||
| Q2 24 | 41.1% | 72.6% | ||
| Q1 24 | — | 72.1% |
| Q4 25 | -13.2% | 20.2% | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | -1.3% | 16.5% | ||
| Q1 25 | -5.0% | 11.0% | ||
| Q4 24 | — | 14.5% | ||
| Q3 24 | — | 15.8% | ||
| Q2 24 | -9.0% | 17.2% | ||
| Q1 24 | — | 48.9% |
| Q4 25 | 0.7% | 12.2% | ||
| Q3 25 | — | 9.8% | ||
| Q2 25 | 163.8% | 10.3% | ||
| Q1 25 | 3.7% | 6.9% | ||
| Q4 24 | — | 8.8% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | 8.4% | 9.0% | ||
| Q1 24 | — | 30.1% |
| Q4 25 | $0.00 | $0.23 | ||
| Q3 25 | — | $0.17 | ||
| Q2 25 | $0.52 | $0.19 | ||
| Q1 25 | $0.01 | $0.10 | ||
| Q4 24 | — | $0.19 | ||
| Q3 24 | — | $0.18 | ||
| Q2 24 | $0.03 | $0.16 | ||
| Q1 24 | — | $0.65 |
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 | $946.0M |
| Total Assets | $1.8B | $5.1B |
| Debt / EquityLower = less leverage | 0.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $23.3M | ||
| Q3 25 | — | $26.3M | ||
| Q2 25 | $1.4B | $26.1M | ||
| Q1 25 | $836.1M | $19.3M | ||
| Q4 24 | — | $50.4M | ||
| Q3 24 | — | $69.9M | ||
| Q2 24 | $802.5M | $59.0M | ||
| Q1 24 | — | $64.2M |
| 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 | $946.0M | ||
| Q3 25 | — | $973.1M | ||
| Q2 25 | $1.2B | $1.0B | ||
| Q1 25 | $759.9M | $1.0B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $986.9M | ||
| Q2 24 | $740.1M | $1.2B | ||
| Q1 24 | — | $1.3B |
| Q4 25 | $1.8B | $5.1B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | $1.8B | $5.2B | ||
| Q1 25 | $1.3B | $5.3B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | — | $5.4B | ||
| Q2 24 | $1.3B | $5.3B | ||
| Q1 24 | — | $5.4B |
| 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 | $338.5M |
| Free Cash FlowOCF − Capex | $3.4M | $299.8M |
| FCF MarginFCF / Revenue | 1.2% | 160.3% |
| Capex IntensityCapex / Revenue | 1.8% | 20.7% |
| Cash ConversionOCF / Net Profit | 4.21× | 14.79× |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | $541.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $338.5M | ||
| Q3 25 | — | $100.2M | ||
| Q2 25 | $-72.9M | $79.9M | ||
| Q1 25 | $40.3M | $85.6M | ||
| Q4 24 | — | $363.1M | ||
| Q3 24 | — | $105.7M | ||
| Q2 24 | $-39.8M | $83.2M | ||
| Q1 24 | — | $94.0M |
| Q4 25 | $3.4M | $299.8M | ||
| Q3 25 | — | $88.0M | ||
| Q2 25 | $-82.2M | $73.8M | ||
| Q1 25 | $32.5M | $79.9M | ||
| Q4 24 | — | $344.4M | ||
| Q3 24 | — | $101.8M | ||
| Q2 24 | $-49.9M | $79.5M | ||
| Q1 24 | — | $88.6M |
| Q4 25 | 1.2% | 160.3% | ||
| Q3 25 | — | 46.6% | ||
| Q2 25 | -29.6% | 39.1% | ||
| Q1 25 | 10.0% | 42.4% | ||
| Q4 24 | — | 181.2% | ||
| Q3 24 | — | 52.6% | ||
| Q2 24 | -16.3% | 41.7% | ||
| Q1 24 | — | 45.2% |
| Q4 25 | 1.8% | 20.7% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | 3.3% | 3.2% | ||
| Q1 25 | 2.4% | 3.0% | ||
| Q4 24 | — | 9.8% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | 3.3% | 1.9% | ||
| Q1 24 | — | 2.7% |
| Q4 25 | 4.21× | 14.79× | ||
| Q3 25 | — | 5.44× | ||
| Q2 25 | -0.16× | 4.10× | ||
| Q1 25 | 3.38× | 6.59× | ||
| Q4 24 | — | 21.70× | ||
| Q3 24 | — | 5.65× | ||
| Q2 24 | -1.54× | 4.88× | ||
| Q1 24 | — | 1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
