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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and PJT Partners Inc. (PJT). Click either name above to swap in a different company.
PJT Partners Inc. is the larger business by last-quarter revenue ($531.4M vs $270.8M, roughly 2.0× HUTCHMED (China) Ltd). PJT Partners Inc. runs the higher net margin — 10.0% vs 0.7%, a 9.3% gap on every dollar of revenue. On growth, PJT Partners Inc. posted the faster year-over-year revenue change (12.9% vs -16.5%). PJT Partners Inc. produced more free cash flow last quarter ($138.6M 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.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
HCM vs PJT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $531.4M |
| Net Profit | $2.0M | $53.4M |
| Gross Margin | 37.7% | — |
| Operating Margin | -13.2% | 23.1% |
| Net Margin | 0.7% | 10.0% |
| Revenue YoY | -16.5% | 12.9% |
| Net Profit YoY | -83.6% | 4.0% |
| 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 | $531.4M | ||
| Q3 25 | — | $442.3M | ||
| Q2 25 | $277.7M | $401.1M | ||
| Q1 25 | $324.5M | $321.9M | ||
| Q4 24 | — | $470.5M | ||
| Q3 24 | — | $320.3M | ||
| Q2 24 | $305.7M | $358.1M | ||
| Q1 24 | — | $327.1M |
| Q4 25 | $2.0M | $53.4M | ||
| Q3 25 | — | $39.8M | ||
| Q2 25 | $455.0M | $32.9M | ||
| Q1 25 | $11.9M | $54.0M | ||
| Q4 24 | — | $51.3M | ||
| Q3 24 | — | $22.1M | ||
| Q2 24 | $25.8M | $28.3M | ||
| Q1 24 | — | $32.6M |
| 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% | 23.1% | ||
| Q3 25 | — | 20.6% | ||
| Q2 25 | -1.3% | 19.1% | ||
| Q1 25 | -5.0% | 16.3% | ||
| Q4 24 | — | 21.9% | ||
| Q3 24 | — | 15.4% | ||
| Q2 24 | -9.0% | 18.0% | ||
| Q1 24 | — | 16.5% |
| Q4 25 | 0.7% | 10.0% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | 163.8% | 8.2% | ||
| Q1 25 | 3.7% | 16.8% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 6.9% | ||
| Q2 24 | 8.4% | 7.9% | ||
| Q1 24 | — | 10.0% |
| Q4 25 | $0.00 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $0.52 | — | ||
| Q1 25 | $0.01 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $0.03 | — | ||
| Q1 24 | — | — |
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 | $538.9M |
| Total DebtLower is stronger | $93.2M | — |
| Stockholders' EquityBook value | $1.2B | $308.2M |
| Total Assets | $1.8B | $1.8B |
| Debt / EquityLower = less leverage | 0.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $538.9M | ||
| Q3 25 | — | $400.5M | ||
| Q2 25 | $1.4B | $214.6M | ||
| Q1 25 | $836.1M | $194.3M | ||
| Q4 24 | — | $483.9M | ||
| Q3 24 | — | $148.8M | ||
| Q2 24 | $802.5M | $164.2M | ||
| Q1 24 | — | $215.5M |
| 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 | $308.2M | ||
| Q3 25 | — | $228.6M | ||
| Q2 25 | $1.2B | $167.4M | ||
| Q1 25 | $759.9M | $148.8M | ||
| Q4 24 | — | $187.0M | ||
| Q3 24 | — | $159.1M | ||
| Q2 24 | $740.1M | $133.8M | ||
| Q1 24 | — | $174.6M |
| Q4 25 | $1.8B | $1.8B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | $1.8B | $1.5B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | $1.3B | $1.4B | ||
| Q1 24 | — | $1.3B |
| 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 | $155.7M |
| Free Cash FlowOCF − Capex | $3.4M | $138.6M |
| FCF MarginFCF / Revenue | 1.2% | 26.1% |
| Capex IntensityCapex / Revenue | 1.8% | 3.2% |
| Cash ConversionOCF / Net Profit | 4.21× | 2.92× |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | $480.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $155.7M | ||
| Q3 25 | — | $256.1M | ||
| Q2 25 | $-72.9M | $190.4M | ||
| Q1 25 | $40.3M | $-75.9M | ||
| Q4 24 | — | $195.7M | ||
| Q3 24 | — | $180.5M | ||
| Q2 24 | $-39.8M | $193.6M | ||
| Q1 24 | — | $-38.8M |
| Q4 25 | $3.4M | $138.6M | ||
| Q3 25 | — | $240.9M | ||
| Q2 25 | $-82.2M | $178.9M | ||
| Q1 25 | $32.5M | $-77.9M | ||
| Q4 24 | — | $195.3M | ||
| Q3 24 | — | $178.5M | ||
| Q2 24 | $-49.9M | $193.0M | ||
| Q1 24 | — | $-39.2M |
| Q4 25 | 1.2% | 26.1% | ||
| Q3 25 | — | 54.5% | ||
| Q2 25 | -29.6% | 44.6% | ||
| Q1 25 | 10.0% | -24.2% | ||
| Q4 24 | — | 41.5% | ||
| Q3 24 | — | 55.7% | ||
| Q2 24 | -16.3% | 53.9% | ||
| Q1 24 | — | -12.0% |
| Q4 25 | 1.8% | 3.2% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | 3.3% | 2.9% | ||
| Q1 25 | 2.4% | 0.6% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | 3.3% | 0.1% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 4.21× | 2.92× | ||
| Q3 25 | — | 6.43× | ||
| Q2 25 | -0.16× | 5.79× | ||
| Q1 25 | 3.38× | -1.41× | ||
| Q4 24 | — | 3.81× | ||
| Q3 24 | — | 8.15× | ||
| Q2 24 | -1.54× | 6.84× | ||
| Q1 24 | — | -1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
