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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $143.3M, roughly 1.9× Piedmont Realty Trust, Inc.). HUTCHMED (China) Ltd runs the higher net margin — 0.7% vs -31.4%, a 32.1% gap on every dollar of revenue. On growth, Piedmont Realty Trust, Inc. posted the faster year-over-year revenue change (0.4% 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.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
HCM vs PDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $143.3M |
| Net Profit | $2.0M | $-45.0M |
| Gross Margin | 37.7% | — |
| Operating Margin | -13.2% | — |
| Net Margin | 0.7% | -31.4% |
| Revenue YoY | -16.5% | 0.4% |
| Net Profit YoY | -83.6% | -27.9% |
| EPS (diluted) | $0.00 | $-0.10 |
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.
| Q1 26 | — | $143.3M | ||
| Q4 25 | $270.8M | $142.9M | ||
| Q3 25 | — | $139.2M | ||
| Q2 25 | $277.7M | $140.3M | ||
| Q1 25 | $324.5M | $142.7M | ||
| Q4 24 | — | $143.2M | ||
| Q3 24 | — | $139.3M | ||
| Q2 24 | $305.7M | $143.3M |
| Q1 26 | — | $-45.0M | ||
| Q4 25 | $2.0M | $-43.2M | ||
| Q3 25 | — | $-13.5M | ||
| Q2 25 | $455.0M | $-16.8M | ||
| Q1 25 | $11.9M | $-10.1M | ||
| Q4 24 | — | $-30.0M | ||
| Q3 24 | — | $-11.5M | ||
| Q2 24 | $25.8M | $-9.8M |
| Q1 26 | — | — | ||
| Q4 25 | 37.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 48.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 41.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | -13.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -1.3% | — | ||
| Q1 25 | -5.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -9.0% | — |
| Q1 26 | — | -31.4% | ||
| Q4 25 | 0.7% | -30.3% | ||
| Q3 25 | — | -9.7% | ||
| Q2 25 | 163.8% | -12.0% | ||
| Q1 25 | 3.7% | -7.1% | ||
| Q4 24 | — | -20.9% | ||
| Q3 24 | — | -8.3% | ||
| Q2 24 | 8.4% | -6.8% |
| Q1 26 | — | $-0.10 | ||
| Q4 25 | $0.00 | $-0.34 | ||
| Q3 25 | — | $-0.11 | ||
| Q2 25 | $0.52 | $-0.14 | ||
| Q1 25 | $0.01 | $-0.08 | ||
| Q4 24 | — | $-0.25 | ||
| Q3 24 | — | $-0.09 | ||
| Q2 24 | $0.03 | $-0.08 |
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 | $2.3M |
| Total DebtLower is stronger | $93.2M | — |
| Stockholders' EquityBook value | $1.2B | $1.5B |
| Total Assets | $1.8B | $4.0B |
| Debt / EquityLower = less leverage | 0.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.3M | ||
| Q4 25 | $1.4B | $731.0K | ||
| Q3 25 | — | $3.0M | ||
| Q2 25 | $1.4B | $3.3M | ||
| Q1 25 | $836.1M | $2.9M | ||
| Q4 24 | — | $109.6M | ||
| Q3 24 | — | $133.6M | ||
| Q2 24 | $802.5M | $138.5M |
| Q1 26 | — | — | ||
| Q4 25 | $93.2M | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | $93.4M | $2.2B | ||
| Q1 25 | $82.8M | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | $82.1M | $2.2B |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $759.9M | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | $740.1M | $1.7B |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $1.8B | $4.0B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | $1.8B | $4.0B | ||
| Q1 25 | $1.3B | $4.0B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | $1.3B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.08× | 1.49× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | 0.08× | 1.41× | ||
| Q1 25 | 0.11× | 1.40× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | 0.11× | 1.34× |
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 | — |
| Free Cash FlowOCF − Capex | $3.4M | — |
| FCF MarginFCF / Revenue | 1.2% | — |
| Capex IntensityCapex / Revenue | 1.8% | 110.3% |
| Cash ConversionOCF / Net Profit | 4.21× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $8.2M | $140.6M | ||
| Q3 25 | — | $35.8M | ||
| Q2 25 | $-72.9M | $50.1M | ||
| Q1 25 | $40.3M | $3.7M | ||
| Q4 24 | — | $198.1M | ||
| Q3 24 | — | $42.9M | ||
| Q2 24 | $-39.8M | $66.8M |
| Q1 26 | — | — | ||
| Q4 25 | $3.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-82.2M | — | ||
| Q1 25 | $32.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-49.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -29.6% | — | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -16.3% | — |
| Q1 26 | — | 110.3% | ||
| Q4 25 | 1.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.21× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.16× | — | ||
| Q1 25 | 3.38× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -1.54× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
