vs
Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and Pangaea Logistics Solutions Ltd. (PANL). Click either name above to swap in a different company.
HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $183.9M, roughly 1.5× Pangaea Logistics Solutions Ltd.). Pangaea Logistics Solutions Ltd. runs the higher net margin — 6.5% vs 0.7%, a 5.7% gap on every dollar of revenue. On growth, Pangaea Logistics Solutions Ltd. posted the faster year-over-year revenue change (24.9% vs -16.5%).
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.
Pangaea Logistics Solutions Ltd. is a global dry bulk logistics and shipping service provider. It operates a modern fleet of dry bulk vessels to transport a wide range of commodities including grains, minerals, construction materials, and energy-related raw materials, serving industrial, agricultural, and energy sector clients across North America, Europe, and Asia with tailored end-to-end bulk cargo supply chain solutions.
HCM vs PANL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $183.9M |
| Net Profit | $2.0M | $11.9M |
| Gross Margin | 37.7% | — |
| Operating Margin | -13.2% | 9.5% |
| Net Margin | 0.7% | 6.5% |
| Revenue YoY | -16.5% | 24.9% |
| Net Profit YoY | -83.6% | 40.9% |
| EPS (diluted) | $0.00 | $0.18 |
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 | $183.9M | ||
| Q3 25 | — | $168.7M | ||
| Q2 25 | $277.7M | $156.7M | ||
| Q1 25 | $324.5M | $122.8M | ||
| Q4 24 | — | $147.2M | ||
| Q3 24 | — | $153.1M | ||
| Q2 24 | $305.7M | $131.5M | ||
| Q1 24 | — | $104.7M |
| Q4 25 | $2.0M | $11.9M | ||
| Q3 25 | — | $12.2M | ||
| Q2 25 | $455.0M | $-2.7M | ||
| Q1 25 | $11.9M | $-2.0M | ||
| Q4 24 | — | $8.4M | ||
| Q3 24 | — | $5.1M | ||
| Q2 24 | $25.8M | $3.7M | ||
| Q1 24 | — | $11.7M |
| 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% | 9.5% | ||
| Q3 25 | — | 10.0% | ||
| Q2 25 | -1.3% | 2.3% | ||
| Q1 25 | -5.0% | 2.4% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 9.8% | ||
| Q2 24 | -9.0% | 5.8% | ||
| Q1 24 | — | 10.5% |
| Q4 25 | 0.7% | 6.5% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | 163.8% | -1.8% | ||
| Q1 25 | 3.7% | -1.6% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | 8.4% | 2.8% | ||
| Q1 24 | — | 11.1% |
| Q4 25 | $0.00 | $0.18 | ||
| Q3 25 | — | $0.19 | ||
| Q2 25 | $0.52 | $-0.04 | ||
| Q1 25 | $0.01 | $-0.03 | ||
| Q4 24 | — | $0.19 | ||
| Q3 24 | — | $0.11 | ||
| Q2 24 | $0.03 | $0.08 | ||
| Q1 24 | — | $0.25 |
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 | $103.1M |
| Total DebtLower is stronger | $93.2M | $249.6M |
| Stockholders' EquityBook value | $1.2B | $429.3M |
| Total Assets | $1.8B | $928.1M |
| Debt / EquityLower = less leverage | 0.08× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $103.1M | ||
| Q3 25 | — | $94.0M | ||
| Q2 25 | $1.4B | $59.3M | ||
| Q1 25 | $836.1M | $63.9M | ||
| Q4 24 | — | $86.8M | ||
| Q3 24 | — | $93.1M | ||
| Q2 24 | $802.5M | $77.9M | ||
| Q1 24 | — | $95.9M |
| Q4 25 | $93.2M | $249.6M | ||
| Q3 25 | — | $256.2M | ||
| Q2 25 | $93.4M | $244.7M | ||
| Q1 25 | $82.8M | $251.0M | ||
| Q4 24 | — | $257.2M | ||
| Q3 24 | — | $133.6M | ||
| Q2 24 | $82.1M | $90.5M | ||
| Q1 24 | — | $95.9M |
| Q4 25 | $1.2B | $429.3M | ||
| Q3 25 | — | $420.3M | ||
| Q2 25 | $1.2B | $414.4M | ||
| Q1 25 | $759.9M | $420.8M | ||
| Q4 24 | — | $427.8M | ||
| Q3 24 | — | $332.6M | ||
| Q2 24 | $740.1M | $331.5M | ||
| Q1 24 | — | $332.0M |
| Q4 25 | $1.8B | $928.1M | ||
| Q3 25 | — | $932.1M | ||
| Q2 25 | $1.8B | $916.0M | ||
| Q1 25 | $1.3B | $918.0M | ||
| Q4 24 | — | $936.5M | ||
| Q3 24 | — | $749.2M | ||
| Q2 24 | $1.3B | $692.9M | ||
| Q1 24 | — | $703.3M |
| Q4 25 | 0.08× | 0.58× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | 0.08× | 0.59× | ||
| Q1 25 | 0.11× | 0.60× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | 0.11× | 0.27× | ||
| Q1 24 | — | 0.29× |
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 | $15.1M |
| Free Cash FlowOCF − Capex | $3.4M | — |
| FCF MarginFCF / Revenue | 1.2% | — |
| Capex IntensityCapex / Revenue | 1.8% | — |
| Cash ConversionOCF / Net Profit | 4.21× | 1.27× |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $15.1M | ||
| Q3 25 | — | $28.6M | ||
| Q2 25 | $-72.9M | $14.4M | ||
| Q1 25 | $40.3M | $-4.4M | ||
| Q4 24 | — | $19.3M | ||
| Q3 24 | — | $28.5M | ||
| Q2 24 | $-39.8M | $9.0M | ||
| Q1 24 | — | $9.0M |
| Q4 25 | $3.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-82.2M | — | ||
| Q1 25 | $32.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-49.9M | — | ||
| Q1 24 | — | — |
| Q4 25 | 1.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -29.6% | — | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -16.3% | — | ||
| Q1 24 | — | — |
| Q4 25 | 1.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.3% | — | ||
| Q1 24 | — | — |
| Q4 25 | 4.21× | 1.27× | ||
| Q3 25 | — | 2.34× | ||
| Q2 25 | -0.16× | — | ||
| Q1 25 | 3.38× | — | ||
| Q4 24 | — | 2.29× | ||
| Q3 24 | — | 5.57× | ||
| Q2 24 | -1.54× | 2.43× | ||
| Q1 24 | — | 0.77× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCM
Segment breakdown not available.
PANL
| Voyage | $166.3M | 90% |
| Charter | $13.1M | 7% |
| Terminal Stevedore Revenue | $4.4M | 2% |
