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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $219.2M, roughly 1.2× Perella Weinberg Partners). Perella Weinberg Partners runs the higher net margin — 6.3% vs 0.7%, a 5.6% gap on every dollar of revenue. On growth, Perella Weinberg Partners posted the faster year-over-year revenue change (-2.9% vs -16.5%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M 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 PWP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $219.2M |
| Net Profit | $2.0M | $13.8M |
| Gross Margin | 37.7% | — |
| Operating Margin | -13.2% | 8.5% |
| Net Margin | 0.7% | 6.3% |
| Revenue YoY | -16.5% | -2.9% |
| Net Profit YoY | -83.6% | — |
| EPS (diluted) | $0.00 | $0.11 |
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 | $219.2M | ||
| Q3 25 | — | $164.6M | ||
| Q2 25 | $277.7M | $155.3M | ||
| Q1 25 | $324.5M | $211.8M | ||
| Q4 24 | — | $225.7M | ||
| Q3 24 | — | $278.2M | ||
| Q2 24 | $305.7M | $272.0M | ||
| Q1 24 | — | $102.1M |
| Q4 25 | $2.0M | $13.8M | ||
| Q3 25 | — | $6.0M | ||
| Q2 25 | $455.0M | $2.7M | ||
| Q1 25 | $11.9M | $17.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $16.4M | ||
| Q2 24 | $25.8M | $-66.0M | ||
| Q1 24 | — | $-35.8M |
| 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% | 8.5% | ||
| Q3 25 | — | 5.4% | ||
| Q2 25 | -1.3% | 5.8% | ||
| Q1 25 | -5.0% | 5.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 12.9% | ||
| Q2 24 | -9.0% | -30.2% | ||
| Q1 24 | — | -52.4% |
| Q4 25 | 0.7% | 6.3% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | 163.8% | 1.8% | ||
| Q1 25 | 3.7% | 8.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 5.9% | ||
| Q2 24 | 8.4% | -24.3% | ||
| Q1 24 | — | -35.1% |
| Q4 25 | $0.00 | $0.11 | ||
| Q3 25 | — | $0.08 | ||
| Q2 25 | $0.52 | $0.04 | ||
| Q1 25 | $0.01 | $0.24 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0.24 | ||
| Q2 24 | $0.03 | $-1.21 | ||
| Q1 24 | — | $-0.91 |
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 | $255.9M |
| Total DebtLower is stronger | $93.2M | — |
| Stockholders' EquityBook value | $1.2B | $-127.4M |
| Total Assets | $1.8B | $797.6M |
| Debt / EquityLower = less leverage | 0.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $255.9M | ||
| Q3 25 | — | $185.5M | ||
| Q2 25 | $1.4B | $145.0M | ||
| Q1 25 | $836.1M | $111.2M | ||
| Q4 24 | — | $407.4M | ||
| Q3 24 | — | $335.1M | ||
| Q2 24 | $802.5M | $185.3M | ||
| Q1 24 | — | $156.7M |
| 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 | $-127.4M | ||
| Q3 25 | — | $-302.4M | ||
| Q2 25 | $1.2B | $-318.4M | ||
| Q1 25 | $759.9M | $-323.1M | ||
| Q4 24 | — | $-421.4M | ||
| Q3 24 | — | $-360.8M | ||
| Q2 24 | $740.1M | $-283.0M | ||
| Q1 24 | — | $161.9M |
| Q4 25 | $1.8B | $797.6M | ||
| Q3 25 | — | $650.2M | ||
| Q2 25 | $1.8B | $606.7M | ||
| Q1 25 | $1.3B | $570.5M | ||
| Q4 24 | — | $876.8M | ||
| Q3 24 | — | $810.9M | ||
| Q2 24 | $1.3B | $645.5M | ||
| Q1 24 | — | $583.6M |
| 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 | $34.8M |
| Free Cash FlowOCF − Capex | $3.4M | $30.5M |
| FCF MarginFCF / Revenue | 1.2% | 13.9% |
| Capex IntensityCapex / Revenue | 1.8% | 2.0% |
| Cash ConversionOCF / Net Profit | 4.21× | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $34.8M | ||
| Q3 25 | — | $59.2M | ||
| Q2 25 | $-72.9M | $56.1M | ||
| Q1 25 | $40.3M | $-176.5M | ||
| Q4 24 | — | $223.4M | ||
| Q3 24 | — | $200.3M | ||
| Q2 24 | $-39.8M | $90.0M | ||
| Q1 24 | — | $-206.3M |
| Q4 25 | $3.4M | $30.5M | ||
| Q3 25 | — | $57.6M | ||
| Q2 25 | $-82.2M | $55.3M | ||
| Q1 25 | $32.5M | $-177.6M | ||
| Q4 24 | — | $207.0M | ||
| Q3 24 | — | $199.3M | ||
| Q2 24 | $-49.9M | $83.7M | ||
| Q1 24 | — | $-214.8M |
| Q4 25 | 1.2% | 13.9% | ||
| Q3 25 | — | 35.0% | ||
| Q2 25 | -29.6% | 35.6% | ||
| Q1 25 | 10.0% | -83.8% | ||
| Q4 24 | — | 91.7% | ||
| Q3 24 | — | 71.6% | ||
| Q2 24 | -16.3% | 30.8% | ||
| Q1 24 | — | -210.3% |
| Q4 25 | 1.8% | 2.0% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | 3.3% | 0.5% | ||
| Q1 25 | 2.4% | 0.5% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | 3.3% | 2.3% | ||
| Q1 24 | — | 8.3% |
| Q4 25 | 4.21× | 2.52× | ||
| Q3 25 | — | 9.85× | ||
| Q2 25 | -0.16× | 20.50× | ||
| Q1 25 | 3.38× | -10.18× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 12.23× | ||
| Q2 24 | -1.54× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
