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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and PAMT CORP (PAMT). Click either name above to swap in a different company.
HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $141.3M, roughly 1.9× PAMT CORP). HUTCHMED (China) Ltd runs the higher net margin — 0.7% vs -20.7%, a 21.4% gap on every dollar of revenue. On growth, PAMT CORP posted the faster year-over-year revenue change (-15.1% vs -16.5%). HUTCHMED (China) Ltd produced more free cash flow last quarter ($3.4M vs $-25.0M).
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 PAMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $141.3M |
| Net Profit | $2.0M | $-29.3M |
| Gross Margin | 37.7% | — |
| Operating Margin | -13.2% | -27.0% |
| Net Margin | 0.7% | -20.7% |
| Revenue YoY | -16.5% | -15.1% |
| Net Profit YoY | -83.6% | 7.4% |
| 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.
| Q4 25 | $270.8M | $141.3M | ||
| Q3 25 | — | $150.3M | ||
| Q2 25 | $277.7M | $151.1M | ||
| Q1 25 | $324.5M | $155.3M | ||
| Q4 24 | — | $166.5M | ||
| Q3 24 | — | $182.6M | ||
| Q2 24 | $305.7M | $182.9M | ||
| Q1 24 | — | $182.6M |
| Q4 25 | $2.0M | $-29.3M | ||
| Q3 25 | — | $-5.6M | ||
| Q2 25 | $455.0M | $-9.6M | ||
| Q1 25 | $11.9M | $-8.1M | ||
| Q4 24 | — | $-31.6M | ||
| Q3 24 | — | $2.4M | ||
| Q2 24 | $25.8M | $-2.9M | ||
| Q1 24 | — | $281.0K |
| 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% | -27.0% | ||
| Q3 25 | — | -3.8% | ||
| Q2 25 | -1.3% | -7.3% | ||
| Q1 25 | -5.0% | -5.9% | ||
| Q4 24 | — | -22.6% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | -9.0% | -0.4% | ||
| Q1 24 | — | -0.4% |
| Q4 25 | 0.7% | -20.7% | ||
| Q3 25 | — | -3.7% | ||
| Q2 25 | 163.8% | -6.4% | ||
| Q1 25 | 3.7% | -5.2% | ||
| Q4 24 | — | -19.0% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | 8.4% | -1.6% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | $0.00 | $-1.38 | ||
| Q3 25 | — | $-0.27 | ||
| Q2 25 | $0.52 | $-0.46 | ||
| Q1 25 | $0.01 | $-0.37 | ||
| Q4 24 | — | $-1.44 | ||
| Q3 24 | — | $0.11 | ||
| Q2 24 | $0.03 | $-0.13 | ||
| Q1 24 | — | $0.01 |
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 | $83.7M |
| Total DebtLower is stronger | $93.2M | $333.9M |
| Stockholders' EquityBook value | $1.2B | $210.5M |
| Total Assets | $1.8B | $697.9M |
| Debt / EquityLower = less leverage | 0.08× | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $83.7M | ||
| Q3 25 | — | $115.6M | ||
| Q2 25 | $1.4B | $117.3M | ||
| Q1 25 | $836.1M | $102.7M | ||
| Q4 24 | — | $110.7M | ||
| Q3 24 | — | $92.3M | ||
| Q2 24 | $802.5M | $114.0M | ||
| Q1 24 | — | $125.8M |
| Q4 25 | $93.2M | $333.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | $93.4M | — | ||
| Q1 25 | $82.8M | — | ||
| Q4 24 | — | $325.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | $82.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $210.5M | ||
| Q3 25 | — | $239.5M | ||
| Q2 25 | $1.2B | $244.9M | ||
| Q1 25 | $759.9M | $269.6M | ||
| Q4 24 | — | $277.5M | ||
| Q3 24 | — | $308.9M | ||
| Q2 24 | $740.1M | $306.7M | ||
| Q1 24 | — | $314.6M |
| Q4 25 | $1.8B | $697.9M | ||
| Q3 25 | — | $715.2M | ||
| Q2 25 | $1.8B | $707.9M | ||
| Q1 25 | $1.3B | $712.6M | ||
| Q4 24 | — | $741.7M | ||
| Q3 24 | — | $756.7M | ||
| Q2 24 | $1.3B | $733.5M | ||
| Q1 24 | — | $746.4M |
| Q4 25 | 0.08× | 1.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.11× | — | ||
| Q4 24 | — | 1.17× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $3.4M | $-25.0M |
| FCF MarginFCF / Revenue | 1.2% | -17.7% |
| Capex IntensityCapex / Revenue | 1.8% | 13.6% |
| Cash ConversionOCF / Net Profit | 4.21× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $-5.8M | ||
| Q3 25 | — | $5.9M | ||
| Q2 25 | $-72.9M | $12.2M | ||
| Q1 25 | $40.3M | $5.0M | ||
| Q4 24 | — | $15.2M | ||
| Q3 24 | — | $15.5M | ||
| Q2 24 | $-39.8M | $18.7M | ||
| Q1 24 | — | $9.6M |
| Q4 25 | $3.4M | $-25.0M | ||
| Q3 25 | — | $2.5M | ||
| Q2 25 | $-82.2M | $5.9M | ||
| Q1 25 | $32.5M | $-6.8M | ||
| Q4 24 | — | $-39.9M | ||
| Q3 24 | — | $-33.6M | ||
| Q2 24 | $-49.9M | $4.1M | ||
| Q1 24 | — | $-12.2M |
| Q4 25 | 1.2% | -17.7% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | -29.6% | 3.9% | ||
| Q1 25 | 10.0% | -4.4% | ||
| Q4 24 | — | -24.0% | ||
| Q3 24 | — | -18.4% | ||
| Q2 24 | -16.3% | 2.2% | ||
| Q1 24 | — | -6.7% |
| Q4 25 | 1.8% | 13.6% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | 3.3% | 4.2% | ||
| Q1 25 | 2.4% | 7.6% | ||
| Q4 24 | — | 33.1% | ||
| Q3 24 | — | 26.9% | ||
| Q2 24 | 3.3% | 8.0% | ||
| Q1 24 | — | 12.0% |
| Q4 25 | 4.21× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.16× | — | ||
| Q1 25 | 3.38× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.44× | ||
| Q2 24 | -1.54× | — | ||
| Q1 24 | — | 34.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCM
Segment breakdown not available.
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
