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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
Paymentus Holdings, Inc. is the larger business by last-quarter revenue ($330.5M vs $270.8M, roughly 1.2× HUTCHMED (China) Ltd). Paymentus Holdings, Inc. runs the higher net margin — 6.3% vs 0.7%, a 5.5% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs -16.5%). Paymentus Holdings, Inc. produced more free cash flow last quarter ($45.0M 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.
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
HCM vs PAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $330.5M |
| Net Profit | $2.0M | $20.7M |
| Gross Margin | 37.7% | 25.4% |
| Operating Margin | -13.2% | 7.3% |
| Net Margin | 0.7% | 6.3% |
| Revenue YoY | -16.5% | 28.1% |
| Net Profit YoY | -83.6% | 57.2% |
| EPS (diluted) | $0.00 | $0.16 |
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 | $330.5M | ||
| Q3 25 | — | $310.7M | ||
| Q2 25 | $277.7M | $280.1M | ||
| Q1 25 | $324.5M | $275.2M | ||
| Q4 24 | — | $257.9M | ||
| Q3 24 | — | $231.6M | ||
| Q2 24 | $305.7M | $197.4M | ||
| Q1 24 | — | $184.9M |
| Q4 25 | $2.0M | $20.7M | ||
| Q3 25 | — | $17.7M | ||
| Q2 25 | $455.0M | $14.7M | ||
| Q1 25 | $11.9M | $13.8M | ||
| Q4 24 | — | $13.1M | ||
| Q3 24 | — | $14.4M | ||
| Q2 24 | $25.8M | $9.4M | ||
| Q1 24 | — | $7.2M |
| Q4 25 | 37.7% | 25.4% | ||
| Q3 25 | — | 24.1% | ||
| Q2 25 | 0.1% | 25.5% | ||
| Q1 25 | 48.0% | 24.0% | ||
| Q4 24 | — | 25.6% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | 41.1% | 29.8% | ||
| Q1 24 | — | 28.5% |
| Q4 25 | -13.2% | 7.3% | ||
| Q3 25 | — | 6.4% | ||
| Q2 25 | -1.3% | 5.7% | ||
| Q1 25 | -5.0% | 5.7% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | — | 5.2% | ||
| Q2 24 | -9.0% | 5.2% | ||
| Q1 24 | — | 4.5% |
| Q4 25 | 0.7% | 6.3% | ||
| Q3 25 | — | 5.7% | ||
| Q2 25 | 163.8% | 5.3% | ||
| Q1 25 | 3.7% | 5.0% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | 8.4% | 4.7% | ||
| Q1 24 | — | 3.9% |
| Q4 25 | $0.00 | $0.16 | ||
| Q3 25 | — | $0.14 | ||
| Q2 25 | $0.52 | $0.11 | ||
| Q1 25 | $0.01 | $0.11 | ||
| Q4 24 | — | $0.11 | ||
| Q3 24 | — | $0.11 | ||
| Q2 24 | $0.03 | $0.07 | ||
| Q1 24 | — | $0.06 |
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 | $320.9M |
| Total DebtLower is stronger | $93.2M | — |
| Stockholders' EquityBook value | $1.2B | $560.4M |
| Total Assets | $1.8B | $667.9M |
| Debt / EquityLower = less leverage | 0.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $320.9M | ||
| Q3 25 | — | $287.9M | ||
| Q2 25 | $1.4B | $266.4M | ||
| Q1 25 | $836.1M | $245.8M | ||
| Q4 24 | — | $205.9M | ||
| Q3 24 | — | $187.5M | ||
| Q2 24 | $802.5M | $188.8M | ||
| Q1 24 | — | $180.1M |
| Q4 25 | $93.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $93.4M | — | ||
| Q1 25 | $82.8M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $82.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $560.4M | ||
| Q3 25 | — | $537.4M | ||
| Q2 25 | $1.2B | $516.7M | ||
| Q1 25 | $759.9M | $500.4M | ||
| Q4 24 | — | $485.6M | ||
| Q3 24 | — | $468.8M | ||
| Q2 24 | $740.1M | $451.6M | ||
| Q1 24 | — | $439.4M |
| Q4 25 | $1.8B | $667.9M | ||
| Q3 25 | — | $644.4M | ||
| Q2 25 | $1.8B | $609.5M | ||
| Q1 25 | $1.3B | $590.9M | ||
| Q4 24 | — | $576.2M | ||
| Q3 24 | — | $552.9M | ||
| Q2 24 | $1.3B | $527.7M | ||
| Q1 24 | — | $514.0M |
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.11× | — | ||
| Q4 24 | — | — | ||
| 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 | $45.1M |
| Free Cash FlowOCF − Capex | $3.4M | $45.0M |
| FCF MarginFCF / Revenue | 1.2% | 13.6% |
| Capex IntensityCapex / Revenue | 1.8% | 0.0% |
| Cash ConversionOCF / Net Profit | 4.21× | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $45.1M | ||
| Q3 25 | — | $35.1M | ||
| Q2 25 | $-72.9M | $31.5M | ||
| Q1 25 | $40.3M | $50.4M | ||
| Q4 24 | — | $27.9M | ||
| Q3 24 | — | $6.7M | ||
| Q2 24 | $-39.8M | $18.0M | ||
| Q1 24 | — | $11.0M |
| Q4 25 | $3.4M | $45.0M | ||
| Q3 25 | — | $35.0M | ||
| Q2 25 | $-82.2M | $31.4M | ||
| Q1 25 | $32.5M | $50.4M | ||
| Q4 24 | — | $27.8M | ||
| Q3 24 | — | $6.7M | ||
| Q2 24 | $-49.9M | $17.8M | ||
| Q1 24 | — | $10.8M |
| Q4 25 | 1.2% | 13.6% | ||
| Q3 25 | — | 11.3% | ||
| Q2 25 | -29.6% | 11.2% | ||
| Q1 25 | 10.0% | 18.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | -16.3% | 9.0% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | 1.8% | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | 3.3% | 0.0% | ||
| Q1 25 | 2.4% | 0.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | 3.3% | 0.1% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 4.21× | 2.18× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | -0.16× | 2.14× | ||
| Q1 25 | 3.38× | 3.65× | ||
| Q4 24 | — | 2.12× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | -1.54× | 1.93× | ||
| Q1 24 | — | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCM
Segment breakdown not available.
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
