vs
Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and Perion Network Ltd. (PERI). Click either name above to swap in a different company.
Perion Network Ltd. is the larger business by last-quarter revenue ($368.7M vs $270.8M, roughly 1.4× HUTCHMED (China) Ltd). Perion Network Ltd. runs the higher net margin — 2.1% vs 0.7%, a 1.4% gap on every dollar of revenue. HUTCHMED (China) Ltd produced more free cash flow last quarter ($3.4M vs $-2.9M).
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.
Perion Network Ltd. is a publicly traded advertising technology company that provides digital advertising technology solutions to advertisers, agencies, retailers, and publishers. Its core offerings are delivered through Perion One, a unified omnichannel advertising platform designed to support campaign planning, activation, optimisation, and measurement across channels and verticals including connected television (CTV), digital out-of-home (DOOH), display, video advertising, as well as retai...
HCM vs PERI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $368.7M |
| Net Profit | $2.0M | $7.7M |
| Gross Margin | 37.7% | — |
| Operating Margin | -13.2% | 2.0% |
| Net Margin | 0.7% | 2.1% |
| Revenue YoY | -16.5% | — |
| Net Profit YoY | -83.6% | — |
| EPS (diluted) | $0.00 | — |
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 | — | ||
| Q3 25 | — | $368.7M | ||
| Q2 25 | $277.7M | $266.5M | ||
| Q1 25 | $324.5M | $157.8M | ||
| Q3 24 | — | $508.9M | ||
| Q2 24 | $305.7M | $323.6M | ||
| Q1 24 | — | $145.2M | ||
| Q3 23 | — | $430.6M |
| Q4 25 | $2.0M | — | ||
| Q3 25 | — | $7.7M | ||
| Q2 25 | $455.0M | $5.6M | ||
| Q1 25 | $11.9M | $11.8M | ||
| Q3 24 | — | $78.0M | ||
| Q2 24 | $25.8M | $45.2M | ||
| Q1 24 | — | $23.8M | ||
| Q3 23 | — | $60.5M |
| Q4 25 | 37.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 48.0% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 41.1% | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
| Q4 25 | -13.2% | — | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | -1.3% | -1.7% | ||
| Q1 25 | -5.0% | 5.4% | ||
| Q3 24 | — | 15.1% | ||
| Q2 24 | -9.0% | 13.7% | ||
| Q1 24 | — | 16.9% | ||
| Q3 23 | — | 15.8% |
| Q4 25 | 0.7% | — | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | 163.8% | 2.1% | ||
| Q1 25 | 3.7% | 7.5% | ||
| Q3 24 | — | 15.3% | ||
| Q2 24 | 8.4% | 14.0% | ||
| Q1 24 | — | 16.4% | ||
| Q3 23 | — | 14.1% |
| Q4 25 | $0.00 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $0.52 | — | ||
| Q1 25 | $0.01 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $0.03 | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
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 | $156.2M |
| Total DebtLower is stronger | $93.2M | — |
| Stockholders' EquityBook value | $1.2B | $722.9M |
| Total Assets | $1.8B | $915.5M |
| Debt / EquityLower = less leverage | 0.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | — | ||
| Q3 25 | — | $156.2M | ||
| Q2 25 | $1.4B | $156.2M | ||
| Q1 25 | $836.1M | $156.2M | ||
| Q3 24 | — | $187.6M | ||
| Q2 24 | $802.5M | $187.6M | ||
| Q1 24 | — | $187.6M | ||
| Q3 23 | — | $176.2M |
| Q4 25 | $93.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $93.4M | — | ||
| Q1 25 | $82.8M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $82.1M | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
| Q4 25 | $1.2B | — | ||
| Q3 25 | — | $722.9M | ||
| Q2 25 | $1.2B | $722.9M | ||
| Q1 25 | $759.9M | $722.9M | ||
| Q3 24 | — | $718.1M | ||
| Q2 24 | $740.1M | $718.1M | ||
| Q1 24 | — | $718.1M | ||
| Q3 23 | — | $583.1M |
| Q4 25 | $1.8B | — | ||
| Q3 25 | — | $915.5M | ||
| Q2 25 | $1.8B | $915.5M | ||
| Q1 25 | $1.3B | $915.5M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | — | $1.1B | ||
| Q3 23 | — | $870.2M |
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.11× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.11× | — | ||
| Q1 24 | — | — | ||
| Q3 23 | — | — |
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 | $2.6M |
| Free Cash FlowOCF − Capex | $3.4M | $-2.9M |
| FCF MarginFCF / Revenue | 1.2% | -0.8% |
| Capex IntensityCapex / Revenue | 1.8% | 1.5% |
| Cash ConversionOCF / Net Profit | 4.21× | 0.34× |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | — | ||
| Q3 25 | — | $2.6M | ||
| Q2 25 | $-72.9M | — | ||
| Q1 25 | $40.3M | — | ||
| Q3 24 | — | $105.2M | ||
| Q2 24 | $-39.8M | — | ||
| Q1 24 | — | $17.8M | ||
| Q3 23 | — | $83.9M |
| Q4 25 | $3.4M | — | ||
| Q3 25 | — | $-2.9M | ||
| Q2 25 | $-82.2M | — | ||
| Q1 25 | $32.5M | — | ||
| Q3 24 | — | $104.7M | ||
| Q2 24 | $-49.9M | — | ||
| Q1 24 | — | $17.6M | ||
| Q3 23 | — | $83.2M |
| Q4 25 | 1.2% | — | ||
| Q3 25 | — | -0.8% | ||
| Q2 25 | -29.6% | — | ||
| Q1 25 | 10.0% | — | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | -16.3% | — | ||
| Q1 24 | — | 12.2% | ||
| Q3 23 | — | 19.3% |
| Q4 25 | 1.8% | — | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 2.4% | — | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | 3.3% | — | ||
| Q1 24 | — | 0.1% | ||
| Q3 23 | — | 0.2% |
| Q4 25 | 4.21× | — | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | -0.16× | — | ||
| Q1 25 | 3.38× | — | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | -1.54× | — | ||
| Q1 24 | — | 0.75× | ||
| Q3 23 | — | 1.39× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCM
Segment breakdown not available.
PERI
| Advertising Solutions | $231.4M | 63% |
| Search Advertising | $137.3M | 37% |
