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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and DOUGLAS DYNAMICS, INC (PLOW). Click either name above to swap in a different company.
HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $184.5M, roughly 1.5× DOUGLAS DYNAMICS, INC). DOUGLAS DYNAMICS, INC runs the higher net margin — 7.0% vs 0.7%, a 6.2% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs -16.5%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M 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.
General Dynamics Corporation (GD) is an American industrial and technology company based in Reston, Virginia. It is primarily a developer and producer of advanced military equipment of a wide variety, such as nuclear submarines, main battle tanks, and armoured fighting vehicles. It is also the manufacturer of the civilian aviation Gulfstream business jets and a provider of information technology services. The company is the 3rd largest of the top 100 contractors of the U.S. federal government...
HCM vs PLOW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $184.5M |
| Net Profit | $2.0M | $12.8M |
| Gross Margin | 37.7% | 26.1% |
| Operating Margin | -13.2% | 10.5% |
| Net Margin | 0.7% | 7.0% |
| Revenue YoY | -16.5% | 28.6% |
| Net Profit YoY | -83.6% | 62.3% |
| EPS (diluted) | $0.00 | $0.54 |
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 | $184.5M | ||
| Q3 25 | — | $162.1M | ||
| Q2 25 | $277.7M | $194.3M | ||
| Q1 25 | $324.5M | $115.1M | ||
| Q4 24 | — | $143.5M | ||
| Q3 24 | — | $129.4M | ||
| Q2 24 | $305.7M | $199.9M | ||
| Q1 24 | — | $95.7M |
| Q4 25 | $2.0M | $12.8M | ||
| Q3 25 | — | $8.0M | ||
| Q2 25 | $455.0M | $26.0M | ||
| Q1 25 | $11.9M | $148.0K | ||
| Q4 24 | — | $7.9M | ||
| Q3 24 | — | $32.3M | ||
| Q2 24 | $25.8M | $24.3M | ||
| Q1 24 | — | $-8.4M |
| Q4 25 | 37.7% | 26.1% | ||
| Q3 25 | — | 23.5% | ||
| Q2 25 | 0.1% | 31.0% | ||
| Q1 25 | 48.0% | 24.5% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | 41.1% | 30.7% | ||
| Q1 24 | — | 19.8% |
| Q4 25 | -13.2% | 10.5% | ||
| Q3 25 | — | 8.7% | ||
| Q2 25 | -1.3% | 19.0% | ||
| Q1 25 | -5.0% | 2.8% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | — | 35.4% | ||
| Q2 24 | -9.0% | 18.2% | ||
| Q1 24 | — | -6.7% |
| Q4 25 | 0.7% | 7.0% | ||
| Q3 25 | — | 4.9% | ||
| Q2 25 | 163.8% | 13.4% | ||
| Q1 25 | 3.7% | 0.1% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | — | 24.9% | ||
| Q2 24 | 8.4% | 12.2% | ||
| Q1 24 | — | -8.7% |
| Q4 25 | $0.00 | $0.54 | ||
| Q3 25 | — | $0.33 | ||
| Q2 25 | $0.52 | $1.09 | ||
| Q1 25 | $0.01 | $0.00 | ||
| Q4 24 | — | $0.35 | ||
| Q3 24 | — | $1.36 | ||
| Q2 24 | $0.03 | $1.02 | ||
| Q1 24 | — | $-0.37 |
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 | — |
| Total DebtLower is stronger | $93.2M | $144.0M |
| Stockholders' EquityBook value | $1.2B | $281.4M |
| Total Assets | $1.8B | $626.7M |
| Debt / EquityLower = less leverage | 0.08× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $836.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $802.5M | — | ||
| Q1 24 | — | — |
| Q4 25 | $93.2M | $144.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | $93.4M | — | ||
| Q1 25 | $82.8M | — | ||
| Q4 24 | — | $147.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | $82.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $281.4M | ||
| Q3 25 | — | $275.3M | ||
| Q2 25 | $1.2B | $273.3M | ||
| Q1 25 | $759.9M | $258.9M | ||
| Q4 24 | — | $264.2M | ||
| Q3 24 | — | $260.8M | ||
| Q2 24 | $740.1M | $236.7M | ||
| Q1 24 | — | $217.2M |
| Q4 25 | $1.8B | $626.7M | ||
| Q3 25 | — | $694.9M | ||
| Q2 25 | $1.8B | $671.5M | ||
| Q1 25 | $1.3B | $621.0M | ||
| Q4 24 | — | $590.0M | ||
| Q3 24 | — | $665.6M | ||
| Q2 24 | $1.3B | $617.0M | ||
| Q1 24 | — | $577.1M |
| Q4 25 | 0.08× | 0.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.11× | — | ||
| Q4 24 | — | 0.56× | ||
| 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 | $95.9M |
| Free Cash FlowOCF − Capex | $3.4M | $92.8M |
| FCF MarginFCF / Revenue | 1.2% | 50.3% |
| Capex IntensityCapex / Revenue | 1.8% | 1.7% |
| Cash ConversionOCF / Net Profit | 4.21× | 7.47× |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | $63.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $95.9M | ||
| Q3 25 | — | $-8.5M | ||
| Q2 25 | $-72.9M | $-11.4M | ||
| Q1 25 | $40.3M | $-1.3M | ||
| Q4 24 | — | $74.4M | ||
| Q3 24 | — | $-14.2M | ||
| Q2 24 | $-39.8M | $2.5M | ||
| Q1 24 | — | $-21.6M |
| Q4 25 | $3.4M | $92.8M | ||
| Q3 25 | — | $-11.4M | ||
| Q2 25 | $-82.2M | $-14.3M | ||
| Q1 25 | $32.5M | $-3.5M | ||
| Q4 24 | — | $70.2M | ||
| Q3 24 | — | $-15.2M | ||
| Q2 24 | $-49.9M | $836.0K | ||
| Q1 24 | — | $-22.4M |
| Q4 25 | 1.2% | 50.3% | ||
| Q3 25 | — | -7.1% | ||
| Q2 25 | -29.6% | -7.4% | ||
| Q1 25 | 10.0% | -3.0% | ||
| Q4 24 | — | 48.9% | ||
| Q3 24 | — | -11.8% | ||
| Q2 24 | -16.3% | 0.4% | ||
| Q1 24 | — | -23.4% |
| Q4 25 | 1.8% | 1.7% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | 3.3% | 1.5% | ||
| Q1 25 | 2.4% | 1.9% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | 3.3% | 0.8% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | 4.21× | 7.47× | ||
| Q3 25 | — | -1.07× | ||
| Q2 25 | -0.16× | -0.44× | ||
| Q1 25 | 3.38× | -9.03× | ||
| Q4 24 | — | 9.41× | ||
| Q3 24 | — | -0.44× | ||
| Q2 24 | -1.54× | 0.10× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCM
Segment breakdown not available.
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
