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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $242.1M, roughly 1.1× ONESPAWORLD HOLDINGS Ltd). ONESPAWORLD HOLDINGS Ltd runs the higher net margin — 5.0% vs 0.7%, a 4.3% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs -16.5%). ONESPAWORLD HOLDINGS Ltd produced more free cash flow last quarter ($14.9M 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.
HCM vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $242.1M |
| Net Profit | $2.0M | $12.1M |
| Gross Margin | 37.7% | — |
| Operating Margin | -13.2% | 6.8% |
| Net Margin | 0.7% | 5.0% |
| Revenue YoY | -16.5% | 11.5% |
| Net Profit YoY | -83.6% | -16.2% |
| EPS (diluted) | $0.00 | $0.12 |
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 | $242.1M | ||
| Q3 25 | — | $258.5M | ||
| Q2 25 | $277.7M | $240.7M | ||
| Q1 25 | $324.5M | $219.6M | ||
| Q4 24 | — | $217.2M | ||
| Q3 24 | — | $241.7M | ||
| Q2 24 | $305.7M | $224.9M | ||
| Q1 24 | — | $211.2M |
| Q4 25 | $2.0M | $12.1M | ||
| Q3 25 | — | $24.3M | ||
| Q2 25 | $455.0M | $19.9M | ||
| Q1 25 | $11.9M | $15.3M | ||
| Q4 24 | — | $14.4M | ||
| Q3 24 | — | $21.6M | ||
| Q2 24 | $25.8M | $15.8M | ||
| Q1 24 | — | $21.2M |
| Q4 25 | 37.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 48.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 41.1% | — | ||
| Q1 24 | — | — |
| Q4 25 | -13.2% | 6.8% | ||
| Q3 25 | — | 10.2% | ||
| Q2 25 | -1.3% | 9.2% | ||
| Q1 25 | -5.0% | 7.7% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | -9.0% | 8.4% | ||
| Q1 24 | — | 8.0% |
| Q4 25 | 0.7% | 5.0% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | 163.8% | 8.3% | ||
| Q1 25 | 3.7% | 7.0% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | — | 8.9% | ||
| Q2 24 | 8.4% | 7.0% | ||
| Q1 24 | — | 10.0% |
| Q4 25 | $0.00 | $0.12 | ||
| Q3 25 | — | $0.23 | ||
| Q2 25 | $0.52 | $0.19 | ||
| Q1 25 | $0.01 | $0.15 | ||
| Q4 24 | — | $0.13 | ||
| Q3 24 | — | $0.20 | ||
| Q2 24 | $0.03 | $0.15 | ||
| 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 | $16.3M |
| Total DebtLower is stronger | $93.2M | $84.0M |
| Stockholders' EquityBook value | $1.2B | $542.6M |
| Total Assets | $1.8B | $707.1M |
| Debt / EquityLower = less leverage | 0.08× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $16.3M | ||
| Q3 25 | — | $29.6M | ||
| Q2 25 | $1.4B | $35.0M | ||
| Q1 25 | $836.1M | $22.6M | ||
| Q4 24 | — | $57.4M | ||
| Q3 24 | — | $48.8M | ||
| Q2 24 | $802.5M | $62.5M | ||
| Q1 24 | — | $65.4M |
| Q4 25 | $93.2M | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | $93.4M | $96.2M | ||
| Q1 25 | $82.8M | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | $82.1M | $123.8M | ||
| Q1 24 | — | $138.6M |
| Q4 25 | $1.2B | $542.6M | ||
| Q3 25 | — | $552.8M | ||
| Q2 25 | $1.2B | $548.3M | ||
| Q1 25 | $759.9M | $530.6M | ||
| Q4 24 | — | $554.5M | ||
| Q3 24 | — | $540.1M | ||
| Q2 24 | $740.1M | $532.7M | ||
| Q1 24 | — | $515.5M |
| Q4 25 | $1.8B | $707.1M | ||
| Q3 25 | — | $732.6M | ||
| Q2 25 | $1.8B | $731.8M | ||
| Q1 25 | $1.3B | $708.7M | ||
| Q4 24 | — | $746.4M | ||
| Q3 24 | — | $734.0M | ||
| Q2 24 | $1.3B | $756.8M | ||
| Q1 24 | — | $763.6M |
| Q4 25 | 0.08× | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | 0.08× | 0.18× | ||
| Q1 25 | 0.11× | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | 0.11× | 0.23× | ||
| Q1 24 | — | 0.27× |
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 | $20.0M |
| Free Cash FlowOCF − Capex | $3.4M | $14.9M |
| FCF MarginFCF / Revenue | 1.2% | 6.2% |
| Capex IntensityCapex / Revenue | 1.8% | 2.1% |
| Cash ConversionOCF / Net Profit | 4.21× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $20.0M | ||
| Q3 25 | — | $33.2M | ||
| Q2 25 | $-72.9M | $20.3M | ||
| Q1 25 | $40.3M | $10.1M | ||
| Q4 24 | — | $16.6M | ||
| Q3 24 | — | $28.6M | ||
| Q2 24 | $-39.8M | $18.7M | ||
| Q1 24 | — | $15.0M |
| Q4 25 | $3.4M | $14.9M | ||
| Q3 25 | — | $27.6M | ||
| Q2 25 | $-82.2M | $17.6M | ||
| Q1 25 | $32.5M | $8.4M | ||
| Q4 24 | — | $13.2M | ||
| Q3 24 | — | $27.5M | ||
| Q2 24 | $-49.9M | $17.6M | ||
| Q1 24 | — | $13.7M |
| Q4 25 | 1.2% | 6.2% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | -29.6% | 7.3% | ||
| Q1 25 | 10.0% | 3.8% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | -16.3% | 7.8% | ||
| Q1 24 | — | 6.5% |
| Q4 25 | 1.8% | 2.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | 3.3% | 1.1% | ||
| Q1 25 | 2.4% | 0.8% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | 3.3% | 0.5% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | 4.21× | 1.65× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | -0.16× | 1.02× | ||
| Q1 25 | 3.38× | 0.66× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | -1.54× | 1.19× | ||
| Q1 24 | — | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCM
Segment breakdown not available.
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
