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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and OIL STATES INTERNATIONAL, INC (OIS). Click either name above to swap in a different company.
HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $178.5M, roughly 1.5× OIL STATES INTERNATIONAL, INC). HUTCHMED (China) Ltd runs the higher net margin — 0.7% vs -65.7%, a 66.4% gap on every dollar of revenue. On growth, OIL STATES INTERNATIONAL, INC posted the faster year-over-year revenue change (8.4% vs -16.5%). OIL STATES INTERNATIONAL, INC produced more free cash flow last quarter ($47.1M 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.
Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.
HCM vs OIS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $178.5M |
| Net Profit | $2.0M | $-117.2M |
| Gross Margin | 37.7% | 10.9% |
| Operating Margin | -13.2% | -63.7% |
| Net Margin | 0.7% | -65.7% |
| Revenue YoY | -16.5% | 8.4% |
| Net Profit YoY | -83.6% | -873.2% |
| EPS (diluted) | $0.00 | $-1.99 |
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 | $178.5M | ||
| Q3 25 | — | $165.2M | ||
| Q2 25 | $277.7M | $165.4M | ||
| Q1 25 | $324.5M | $159.9M | ||
| Q4 24 | — | $164.6M | ||
| Q3 24 | — | $174.3M | ||
| Q2 24 | $305.7M | $186.4M | ||
| Q1 24 | — | $167.3M |
| Q4 25 | $2.0M | $-117.2M | ||
| Q3 25 | — | $1.9M | ||
| Q2 25 | $455.0M | $2.8M | ||
| Q1 25 | $11.9M | $3.2M | ||
| Q4 24 | — | $15.2M | ||
| Q3 24 | — | $-14.3M | ||
| Q2 24 | $25.8M | $1.3M | ||
| Q1 24 | — | $-13.4M |
| Q4 25 | 37.7% | 10.9% | ||
| Q3 25 | — | 22.1% | ||
| Q2 25 | 0.1% | 24.2% | ||
| Q1 25 | 48.0% | 23.3% | ||
| Q4 24 | — | 23.7% | ||
| Q3 24 | — | 21.7% | ||
| Q2 24 | 41.1% | 23.8% | ||
| Q1 24 | — | 21.1% |
| Q4 25 | -13.2% | -63.7% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | -1.3% | 3.2% | ||
| Q1 25 | -5.0% | 3.5% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | -6.3% | ||
| Q2 24 | -9.0% | 1.1% | ||
| Q1 24 | — | -6.7% |
| Q4 25 | 0.7% | -65.7% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | 163.8% | 1.7% | ||
| Q1 25 | 3.7% | 2.0% | ||
| Q4 24 | — | 9.2% | ||
| Q3 24 | — | -8.2% | ||
| Q2 24 | 8.4% | 0.7% | ||
| Q1 24 | — | -8.0% |
| Q4 25 | $0.00 | $-1.99 | ||
| Q3 25 | — | $0.03 | ||
| Q2 25 | $0.52 | $0.05 | ||
| Q1 25 | $0.01 | $0.05 | ||
| Q4 24 | — | $0.24 | ||
| Q3 24 | — | $-0.23 | ||
| Q2 24 | $0.03 | $0.02 | ||
| Q1 24 | — | $-0.21 |
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 | $69.9M |
| Total DebtLower is stronger | $93.2M | $1.7M |
| Stockholders' EquityBook value | $1.2B | $573.2M |
| Total Assets | $1.8B | $883.4M |
| Debt / EquityLower = less leverage | 0.08× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $69.9M | ||
| Q3 25 | — | $67.1M | ||
| Q2 25 | $1.4B | $53.9M | ||
| Q1 25 | $836.1M | $66.8M | ||
| Q4 24 | — | $65.4M | ||
| Q3 24 | — | $46.0M | ||
| Q2 24 | $802.5M | $25.2M | ||
| Q1 24 | — | $24.1M |
| Q4 25 | $93.2M | $1.7M | ||
| Q3 25 | — | $1.9M | ||
| Q2 25 | $93.4M | $1.9M | ||
| Q1 25 | $82.8M | $124.7M | ||
| Q4 24 | — | $124.7M | ||
| Q3 24 | — | $124.6M | ||
| Q2 24 | $82.1M | $124.3M | ||
| Q1 24 | — | $135.6M |
| Q4 25 | $1.2B | $573.2M | ||
| Q3 25 | — | $689.0M | ||
| Q2 25 | $1.2B | $690.6M | ||
| Q1 25 | $759.9M | $683.4M | ||
| Q4 24 | — | $680.7M | ||
| Q3 24 | — | $684.8M | ||
| Q2 24 | $740.1M | $690.4M | ||
| Q1 24 | — | $692.3M |
| Q4 25 | $1.8B | $883.4M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | $1.8B | $993.7M | ||
| Q1 25 | $1.3B | $990.7M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $994.1M | ||
| Q2 24 | $1.3B | $1.0B | ||
| Q1 24 | — | $1.0B |
| Q4 25 | 0.08× | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | 0.08× | 0.00× | ||
| Q1 25 | 0.11× | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | 0.11× | 0.18× | ||
| Q1 24 | — | 0.20× |
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 | $50.1M |
| Free Cash FlowOCF − Capex | $3.4M | $47.1M |
| FCF MarginFCF / Revenue | 1.2% | 26.4% |
| Capex IntensityCapex / Revenue | 1.8% | 1.7% |
| Cash ConversionOCF / Net Profit | 4.21× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | $73.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $50.1M | ||
| Q3 25 | — | $30.7M | ||
| Q2 25 | $-72.9M | $15.0M | ||
| Q1 25 | $40.3M | $9.3M | ||
| Q4 24 | — | $18.2M | ||
| Q3 24 | — | $28.8M | ||
| Q2 24 | $-39.8M | $10.2M | ||
| Q1 24 | — | $-11.4M |
| Q4 25 | $3.4M | $47.1M | ||
| Q3 25 | — | $22.0M | ||
| Q2 25 | $-82.2M | $4.7M | ||
| Q1 25 | $32.5M | $137.0K | ||
| Q4 24 | — | $4.0M | ||
| Q3 24 | — | $21.4M | ||
| Q2 24 | $-49.9M | $4.5M | ||
| Q1 24 | — | $-21.5M |
| Q4 25 | 1.2% | 26.4% | ||
| Q3 25 | — | 13.3% | ||
| Q2 25 | -29.6% | 2.8% | ||
| Q1 25 | 10.0% | 0.1% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 12.3% | ||
| Q2 24 | -16.3% | 2.4% | ||
| Q1 24 | — | -12.8% |
| Q4 25 | 1.8% | 1.7% | ||
| Q3 25 | — | 5.3% | ||
| Q2 25 | 3.3% | 6.2% | ||
| Q1 25 | 2.4% | 5.7% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | — | 4.3% | ||
| Q2 24 | 3.3% | 3.1% | ||
| Q1 24 | — | 6.0% |
| Q4 25 | 4.21× | — | ||
| Q3 25 | — | 16.15× | ||
| Q2 25 | -0.16× | 5.33× | ||
| Q1 25 | 3.38× | 2.94× | ||
| Q4 24 | — | 1.20× | ||
| Q3 24 | — | — | ||
| Q2 24 | -1.54× | 7.87× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCM
Segment breakdown not available.
OIS
| Project Driven | $112.6M | 63% |
| Downhole Technologies | $32.1M | 18% |
| Completion And Production Services | $23.1M | 13% |
| Military And Other Products | $10.7M | 6% |
