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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and Riot Platforms, Inc. (RIOT). Click either name above to swap in a different company.
HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $152.8M, roughly 1.8× Riot Platforms, Inc.). HUTCHMED (China) Ltd runs the higher net margin — 0.7% vs -452.0%, a 452.7% gap on every dollar of revenue. On growth, Riot Platforms, Inc. posted the faster year-over-year revenue change (7.2% vs -16.5%). HUTCHMED (China) Ltd produced more free cash flow last quarter ($3.4M vs $-774.3M).
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.
Riot Platforms, Inc. is a leading U.S.-based enterprise focused on Bitcoin mining, operating multiple large-scale, energy-efficient data centers across North America. It also invests in blockchain infrastructure development and holds Bitcoin as a core long-term reserve asset, centering its business strategy around the digital asset ecosystem.
HCM vs RIOT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $152.8M |
| Net Profit | $2.0M | $-690.7M |
| Gross Margin | 37.7% | — |
| Operating Margin | -13.2% | -447.9% |
| Net Margin | 0.7% | -452.0% |
| Revenue YoY | -16.5% | 7.2% |
| Net Profit YoY | -83.6% | -606.3% |
| EPS (diluted) | $0.00 | $-1.89 |
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 | $152.8M | ||
| Q3 25 | — | $180.2M | ||
| Q2 25 | $277.7M | $153.0M | ||
| Q1 25 | $324.5M | $161.4M | ||
| Q4 24 | — | $142.6M | ||
| Q3 24 | — | $84.8M | ||
| Q2 24 | $305.7M | $70.0M | ||
| Q1 24 | — | $79.3M |
| Q4 25 | $2.0M | $-690.7M | ||
| Q3 25 | — | $104.5M | ||
| Q2 25 | $455.0M | $219.5M | ||
| Q1 25 | $11.9M | $-296.4M | ||
| Q4 24 | — | $136.4M | ||
| Q3 24 | — | $-154.4M | ||
| Q2 24 | $25.8M | $-84.4M | ||
| Q1 24 | — | $211.8M |
| 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% | -447.9% | ||
| Q3 25 | — | 44.4% | ||
| Q2 25 | -1.3% | — | ||
| Q1 25 | -5.0% | -144.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -143.3% | ||
| Q2 24 | -9.0% | -167.2% | ||
| Q1 24 | — | — |
| Q4 25 | 0.7% | -452.0% | ||
| Q3 25 | — | 58.0% | ||
| Q2 25 | 163.8% | 143.4% | ||
| Q1 25 | 3.7% | -183.6% | ||
| Q4 24 | — | 95.7% | ||
| Q3 24 | — | -182.1% | ||
| Q2 24 | 8.4% | -120.6% | ||
| Q1 24 | — | 267.1% |
| Q4 25 | $0.00 | $-1.89 | ||
| Q3 25 | — | $0.26 | ||
| Q2 25 | $0.52 | $0.58 | ||
| Q1 25 | $0.01 | $-0.90 | ||
| Q4 24 | — | $0.39 | ||
| Q3 24 | — | $-0.54 | ||
| Q2 24 | $0.03 | $-0.32 | ||
| Q1 24 | — | $0.51 |
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 | $233.5M |
| Total DebtLower is stronger | $93.2M | $840.8M |
| Stockholders' EquityBook value | $1.2B | $2.9B |
| Total Assets | $1.8B | $3.9B |
| Debt / EquityLower = less leverage | 0.08× | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $233.5M | ||
| Q3 25 | — | $330.7M | ||
| Q2 25 | $1.4B | $255.4M | ||
| Q1 25 | $836.1M | $163.7M | ||
| Q4 24 | — | $277.9M | ||
| Q3 24 | — | $355.7M | ||
| Q2 24 | $802.5M | $481.2M | ||
| Q1 24 | — | $688.5M |
| Q4 25 | $93.2M | $840.8M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | $93.4M | $5.3M | ||
| Q1 25 | $82.8M | $5.3M | ||
| Q4 24 | — | $584.6M | ||
| Q3 24 | — | $5.7M | ||
| Q2 24 | $82.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $2.9B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | $1.2B | $3.3B | ||
| Q1 25 | $759.9M | $2.9B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | $740.1M | $2.6B | ||
| Q1 24 | — | $2.5B |
| Q4 25 | $1.8B | $3.9B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | $1.8B | $4.3B | ||
| Q1 25 | $1.3B | $3.7B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | $1.3B | $2.7B | ||
| Q1 24 | — | $2.6B |
| Q4 25 | 0.08× | 0.29× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | 0.08× | 0.00× | ||
| Q1 25 | 0.11× | 0.00× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | 0.00× | ||
| 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 | $-572.9M |
| Free Cash FlowOCF − Capex | $3.4M | $-774.3M |
| FCF MarginFCF / Revenue | 1.2% | -506.6% |
| Capex IntensityCapex / Revenue | 1.8% | 131.8% |
| Cash ConversionOCF / Net Profit | 4.21× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $-572.9M | ||
| Q3 25 | — | $-114.0M | ||
| Q2 25 | $-72.9M | $-231.3M | ||
| Q1 25 | $40.3M | $-122.1M | ||
| Q4 24 | — | $-255.1M | ||
| Q3 24 | — | $-56.3M | ||
| Q2 24 | $-39.8M | $-42.5M | ||
| Q1 24 | — | $-57.9M |
| Q4 25 | $3.4M | $-774.3M | ||
| Q3 25 | — | $-139.7M | ||
| Q2 25 | $-82.2M | $-291.7M | ||
| Q1 25 | $32.5M | $-154.9M | ||
| Q4 24 | — | $-495.4M | ||
| Q3 24 | — | $-127.6M | ||
| Q2 24 | $-49.9M | $-96.1M | ||
| Q1 24 | — | $-115.2M |
| Q4 25 | 1.2% | -506.6% | ||
| Q3 25 | — | -77.5% | ||
| Q2 25 | -29.6% | -190.7% | ||
| Q1 25 | 10.0% | -96.0% | ||
| Q4 24 | — | -347.5% | ||
| Q3 24 | — | -150.5% | ||
| Q2 24 | -16.3% | -137.2% | ||
| Q1 24 | — | -145.2% |
| Q4 25 | 1.8% | 131.8% | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | 3.3% | 39.5% | ||
| Q1 25 | 2.4% | 20.4% | ||
| Q4 24 | — | 168.6% | ||
| Q3 24 | — | 84.1% | ||
| Q2 24 | 3.3% | 76.5% | ||
| Q1 24 | — | 72.3% |
| Q4 25 | 4.21× | — | ||
| Q3 25 | — | -1.09× | ||
| Q2 25 | -0.16× | -1.05× | ||
| Q1 25 | 3.38× | — | ||
| Q4 24 | — | -1.87× | ||
| Q3 24 | — | — | ||
| Q2 24 | -1.54× | — | ||
| Q1 24 | — | -0.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCM
Segment breakdown not available.
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
