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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and RLI CORP (RLI). Click either name above to swap in a different company.
RLI CORP is the larger business by last-quarter revenue ($465.7M vs $270.8M, roughly 1.7× HUTCHMED (China) Ltd). RLI CORP runs the higher net margin — 19.6% vs 0.7%, a 18.9% gap on every dollar of revenue. On growth, RLI CORP posted the faster year-over-year revenue change (6.1% vs -16.5%). RLI CORP produced more free cash flow last quarter ($155.0M 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.
RLI Corp. is an American insurance company specializing in property insurance and casualty insurance. It is headquartered in Peoria, Illinois.
HCM vs RLI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $465.7M |
| Net Profit | $2.0M | $91.2M |
| Gross Margin | 37.7% | — |
| Operating Margin | -13.2% | 24.4% |
| Net Margin | 0.7% | 19.6% |
| Revenue YoY | -16.5% | 6.1% |
| Net Profit YoY | -83.6% | 123.1% |
| EPS (diluted) | $0.00 | $1.00 |
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 | $465.7M | ||
| Q3 25 | — | $509.3M | ||
| Q2 25 | $277.7M | $499.8M | ||
| Q1 25 | $324.5M | $407.7M | ||
| Q4 24 | — | $439.1M | ||
| Q3 24 | — | $470.0M | ||
| Q2 24 | $305.7M | $416.4M | ||
| Q1 24 | — | $444.8M |
| Q4 25 | $2.0M | $91.2M | ||
| Q3 25 | — | $124.6M | ||
| Q2 25 | $455.0M | $124.3M | ||
| Q1 25 | $11.9M | $63.2M | ||
| Q4 24 | — | $40.9M | ||
| Q3 24 | — | $95.0M | ||
| Q2 24 | $25.8M | $82.0M | ||
| Q1 24 | — | $127.9M |
| 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% | 24.4% | ||
| Q3 25 | — | 30.9% | ||
| Q2 25 | -1.3% | 31.3% | ||
| Q1 25 | -5.0% | 19.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 24.9% | ||
| Q2 24 | -9.0% | 24.8% | ||
| Q1 24 | — | 36.0% |
| Q4 25 | 0.7% | 19.6% | ||
| Q3 25 | — | 24.5% | ||
| Q2 25 | 163.8% | 24.9% | ||
| Q1 25 | 3.7% | 15.5% | ||
| Q4 24 | — | 9.3% | ||
| Q3 24 | — | 20.2% | ||
| Q2 24 | 8.4% | 19.7% | ||
| Q1 24 | — | 28.8% |
| Q4 25 | $0.00 | $1.00 | ||
| Q3 25 | — | $1.35 | ||
| Q2 25 | $0.52 | $1.34 | ||
| Q1 25 | $0.01 | $0.68 | ||
| Q4 24 | — | $-2.87 | ||
| Q3 24 | — | $2.06 | ||
| Q2 24 | $0.03 | $1.78 | ||
| Q1 24 | — | $2.77 |
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 | — |
| Stockholders' EquityBook value | $1.2B | $1.8B |
| Total Assets | $1.8B | $6.2B |
| Debt / EquityLower = less leverage | 0.08× | — |
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 | — | ||
| Q3 25 | — | $100.0M | ||
| Q2 25 | $93.4M | $100.0M | ||
| Q1 25 | $82.8M | $100.0M | ||
| Q4 24 | — | $100.0M | ||
| Q3 24 | — | $100.0M | ||
| Q2 24 | $82.1M | $100.0M | ||
| Q1 24 | — | $100.0M |
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | $1.2B | $1.7B | ||
| Q1 25 | $759.9M | $1.6B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | $740.1M | $1.6B | ||
| Q1 24 | — | $1.5B |
| Q4 25 | $1.8B | $6.2B | ||
| Q3 25 | — | $6.2B | ||
| Q2 25 | $1.8B | $6.0B | ||
| Q1 25 | $1.3B | $5.7B | ||
| Q4 24 | — | $5.6B | ||
| Q3 24 | — | $5.8B | ||
| Q2 24 | $1.3B | $5.5B | ||
| Q1 24 | — | $5.3B |
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | 0.08× | 0.06× | ||
| Q1 25 | 0.11× | 0.06× | ||
| Q4 24 | — | 0.07× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | 0.11× | 0.06× | ||
| Q1 24 | — | 0.07× |
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 | $156.8M |
| Free Cash FlowOCF − Capex | $3.4M | $155.0M |
| FCF MarginFCF / Revenue | 1.2% | 33.3% |
| Capex IntensityCapex / Revenue | 1.8% | 0.4% |
| Cash ConversionOCF / Net Profit | 4.21× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | $608.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $156.8M | ||
| Q3 25 | — | $179.2M | ||
| Q2 25 | $-72.9M | $174.7M | ||
| Q1 25 | $40.3M | $103.5M | ||
| Q4 24 | — | $128.1M | ||
| Q3 24 | — | $219.4M | ||
| Q2 24 | $-39.8M | $141.8M | ||
| Q1 24 | — | $70.9M |
| Q4 25 | $3.4M | $155.0M | ||
| Q3 25 | — | $177.8M | ||
| Q2 25 | $-82.2M | $173.4M | ||
| Q1 25 | $32.5M | $102.5M | ||
| Q4 24 | — | $127.6M | ||
| Q3 24 | — | $219.0M | ||
| Q2 24 | $-49.9M | $139.1M | ||
| Q1 24 | — | $69.9M |
| Q4 25 | 1.2% | 33.3% | ||
| Q3 25 | — | 34.9% | ||
| Q2 25 | -29.6% | 34.7% | ||
| Q1 25 | 10.0% | 25.1% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 46.6% | ||
| Q2 24 | -16.3% | 33.4% | ||
| Q1 24 | — | 15.7% |
| Q4 25 | 1.8% | 0.4% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | 3.3% | 0.3% | ||
| Q1 25 | 2.4% | 0.3% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | 3.3% | 0.7% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | 4.21× | 1.72× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | -0.16× | 1.41× | ||
| Q1 25 | 3.38× | 1.64× | ||
| Q4 24 | — | 3.13× | ||
| Q3 24 | — | 2.31× | ||
| Q2 24 | -1.54× | 1.73× | ||
| Q1 24 | — | 0.55× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCM
Segment breakdown not available.
RLI
| Casualty Segment | $246.8M | 53% |
| Property Insurance Segment | $122.5M | 26% |
| Other | $59.3M | 13% |
| Surety Insurance Segment | $37.1M | 8% |
