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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and Northwest Natural Holding Co (NWN). Click either name above to swap in a different company.

Northwest Natural Holding Co is the larger business by last-quarter revenue ($394.2M vs $270.8M, roughly 1.5× HUTCHMED (China) Ltd). On growth, Northwest Natural Holding Co posted the faster year-over-year revenue change (6.3% vs -16.5%). HUTCHMED (China) Ltd produced more free cash flow last quarter ($3.4M vs $-131.0M).

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.

NW Natural, formerly Northwest Natural Gas Company, is an American publicly traded utility headquartered in Portland, Oregon, United States. Primarily a natural gas distributor, the company services residential, commercial, and industrial customers in Western Oregon and Southwest Washington in the Pacific Northwest. NW Natural also owns water utilities. Founded in 1859, the company has approximately 800,000 customers and revenues of over $1 billion annually.

HCM vs NWN — Head-to-Head

Bigger by revenue
NWN
NWN
1.5× larger
NWN
$394.2M
$270.8M
HCM
Growing faster (revenue YoY)
NWN
NWN
+22.8% gap
NWN
6.3%
-16.5%
HCM
More free cash flow
HCM
HCM
$134.3M more FCF
HCM
$3.4M
$-131.0M
NWN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HCM
HCM
NWN
NWN
Revenue
$270.8M
$394.2M
Net Profit
$2.0M
Gross Margin
37.7%
Operating Margin
-13.2%
28.4%
Net Margin
0.7%
Revenue YoY
-16.5%
6.3%
Net Profit YoY
-83.6%
EPS (diluted)
$0.00
$1.38

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
NWN
NWN
Q4 25
$270.8M
$394.2M
Q3 25
$164.7M
Q2 25
$277.7M
$236.2M
Q1 25
$324.5M
$494.3M
Q4 24
$370.9M
Q3 24
$136.9M
Q2 24
$305.7M
$211.7M
Q1 24
$433.5M
Net Profit
HCM
HCM
NWN
NWN
Q4 25
$2.0M
Q3 25
$-29.9M
Q2 25
$455.0M
$-2.5M
Q1 25
$11.9M
$87.9M
Q4 24
Q3 24
$-27.2M
Q2 24
$25.8M
$-2.8M
Q1 24
$63.8M
Gross Margin
HCM
HCM
NWN
NWN
Q4 25
37.7%
Q3 25
Q2 25
0.1%
Q1 25
48.0%
Q4 24
Q3 24
Q2 24
41.1%
Q1 24
Operating Margin
HCM
HCM
NWN
NWN
Q4 25
-13.2%
28.4%
Q3 25
-7.5%
Q2 25
-1.3%
11.5%
Q1 25
-5.0%
31.2%
Q4 24
22.9%
Q3 24
-14.1%
Q2 24
-9.0%
7.4%
Q1 24
25.3%
Net Margin
HCM
HCM
NWN
NWN
Q4 25
0.7%
Q3 25
-18.1%
Q2 25
163.8%
-1.1%
Q1 25
3.7%
17.8%
Q4 24
Q3 24
-19.8%
Q2 24
8.4%
-1.3%
Q1 24
14.7%
EPS (diluted)
HCM
HCM
NWN
NWN
Q4 25
$0.00
$1.38
Q3 25
$-0.73
Q2 25
$0.52
$-0.06
Q1 25
$0.01
$2.18
Q4 24
$1.12
Q3 24
$-0.71
Q2 24
$0.03
$-0.07
Q1 24
$1.69

Balance Sheet & Financial Strength

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

Metric
HCM
HCM
NWN
NWN
Cash + ST InvestmentsLiquidity on hand
$1.4B
$36.7M
Total DebtLower is stronger
$93.2M
$2.4B
Stockholders' EquityBook value
$1.2B
$1.5B
Total Assets
$1.8B
$6.2B
Debt / EquityLower = less leverage
0.08×
1.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCM
HCM
NWN
NWN
Q4 25
$1.4B
$36.7M
Q3 25
$32.2M
Q2 25
$1.4B
$102.6M
Q1 25
$836.1M
$100.0M
Q4 24
$38.5M
Q3 24
$35.0M
Q2 24
$802.5M
$65.2M
Q1 24
$72.4M
Total Debt
HCM
HCM
NWN
NWN
Q4 25
$93.2M
$2.4B
Q3 25
$2.2B
Q2 25
$93.4M
$2.2B
Q1 25
$82.8M
$2.2B
Q4 24
$1.7B
Q3 24
$1.6B
Q2 24
$82.1M
$1.6B
Q1 24
$1.6B
Stockholders' Equity
HCM
HCM
NWN
NWN
Q4 25
$1.2B
$1.5B
Q3 25
$1.4B
Q2 25
$1.2B
$1.5B
Q1 25
$759.9M
$1.5B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$740.1M
$1.3B
Q1 24
$1.3B
Total Assets
HCM
HCM
NWN
NWN
Q4 25
$1.8B
$6.2B
Q3 25
$5.9B
Q2 25
$1.8B
$5.8B
Q1 25
$1.3B
$5.7B
Q4 24
$5.2B
Q3 24
$4.9B
Q2 24
$1.3B
$4.8B
Q1 24
$4.8B
Debt / Equity
HCM
HCM
NWN
NWN
Q4 25
0.08×
1.65×
Q3 25
1.56×
Q2 25
0.08×
1.53×
Q1 25
0.11×
1.53×
Q4 24
1.23×
Q3 24
1.16×
Q2 24
0.11×
1.17×
Q1 24
1.17×

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
NWN
NWN
Operating Cash FlowLast quarter
$8.2M
$3.3M
Free Cash FlowOCF − Capex
$3.4M
$-131.0M
FCF MarginFCF / Revenue
1.2%
-33.2%
Capex IntensityCapex / Revenue
1.8%
34.1%
Cash ConversionOCF / Net Profit
4.21×
TTM Free Cash FlowTrailing 4 quarters
$-96.2M
$-197.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HCM
HCM
NWN
NWN
Q4 25
$8.2M
$3.3M
Q3 25
$-15.9M
Q2 25
$-72.9M
$102.2M
Q1 25
$40.3M
$179.6M
Q4 24
$-19.4M
Q3 24
$-26.4M
Q2 24
$-39.8M
$121.0M
Q1 24
$125.0M
Free Cash Flow
HCM
HCM
NWN
NWN
Q4 25
$3.4M
$-131.0M
Q3 25
$-125.9M
Q2 25
$-82.2M
$-18.3M
Q1 25
$32.5M
$77.4M
Q4 24
$-119.6M
Q3 24
$-121.7M
Q2 24
$-49.9M
$4.3M
Q1 24
$42.8M
FCF Margin
HCM
HCM
NWN
NWN
Q4 25
1.2%
-33.2%
Q3 25
-76.4%
Q2 25
-29.6%
-7.8%
Q1 25
10.0%
15.7%
Q4 24
-32.2%
Q3 24
-88.9%
Q2 24
-16.3%
2.0%
Q1 24
9.9%
Capex Intensity
HCM
HCM
NWN
NWN
Q4 25
1.8%
34.1%
Q3 25
66.8%
Q2 25
3.3%
51.0%
Q1 25
2.4%
20.7%
Q4 24
27.0%
Q3 24
69.6%
Q2 24
3.3%
55.1%
Q1 24
19.0%
Cash Conversion
HCM
HCM
NWN
NWN
Q4 25
4.21×
Q3 25
Q2 25
-0.16×
Q1 25
3.38×
2.04×
Q4 24
Q3 24
Q2 24
-1.54×
Q1 24
1.96×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HCM
HCM

Segment breakdown not available.

NWN
NWN

NWN Gas Utility$341.4M87%
Alternativerevenue$27.2M7%
Si Energy Gas Utility$20.0M5%
NW Natural Other$6.9M2%

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