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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and Shake Shack Inc. (SHAK). Click either name above to swap in a different company.

Shake Shack Inc. is the larger business by last-quarter revenue ($400.5M vs $270.8M, roughly 1.5× HUTCHMED (China) Ltd). Shake Shack Inc. runs the higher net margin — 3.0% vs 0.7%, a 2.2% gap on every dollar of revenue. On growth, Shake Shack Inc. posted the faster year-over-year revenue change (21.9% vs -16.5%). Shake Shack Inc. produced more free cash flow last quarter ($4.0M vs $3.4M).

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.

Shake Shack is an American multinational fast casual restaurant chain based in New York City. It started out as a hot dog cart inside Madison Square Park in 2001, and its popularity steadily grew. In 2004, it received a permit to open a permanent kiosk within the park, expanding its menu from New York–style hot dogs to one with hamburgers, hot dogs, fries and its namesake milkshakes.

HCM vs SHAK — Head-to-Head

Bigger by revenue
SHAK
SHAK
1.5× larger
SHAK
$400.5M
$270.8M
HCM
Growing faster (revenue YoY)
SHAK
SHAK
+38.4% gap
SHAK
21.9%
-16.5%
HCM
Higher net margin
SHAK
SHAK
2.2% more per $
SHAK
3.0%
0.7%
HCM
More free cash flow
SHAK
SHAK
$628.0K more FCF
SHAK
$4.0M
$3.4M
HCM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HCM
HCM
SHAK
SHAK
Revenue
$270.8M
$400.5M
Net Profit
$2.0M
$11.8M
Gross Margin
37.7%
Operating Margin
-13.2%
4.7%
Net Margin
0.7%
3.0%
Revenue YoY
-16.5%
21.9%
Net Profit YoY
-83.6%
35.8%
EPS (diluted)
$0.00
$0.28

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.

Revenue
HCM
HCM
SHAK
SHAK
Q4 25
$270.8M
$400.5M
Q3 25
$367.4M
Q2 25
$277.7M
$356.5M
Q1 25
$324.5M
$320.9M
Q4 24
$328.7M
Q3 24
$316.9M
Q2 24
$305.7M
$316.5M
Q1 24
$290.5M
Net Profit
HCM
HCM
SHAK
SHAK
Q4 25
$2.0M
$11.8M
Q3 25
$12.5M
Q2 25
$455.0M
$17.1M
Q1 25
$11.9M
$4.2M
Q4 24
$8.7M
Q3 24
$-10.2M
Q2 24
$25.8M
$9.7M
Q1 24
$2.0M
Gross Margin
HCM
HCM
SHAK
SHAK
Q4 25
37.7%
Q3 25
Q2 25
0.1%
Q1 25
48.0%
Q4 24
Q3 24
Q2 24
41.1%
Q1 24
Operating Margin
HCM
HCM
SHAK
SHAK
Q4 25
-13.2%
4.7%
Q3 25
5.0%
Q2 25
-1.3%
6.3%
Q1 25
-5.0%
0.9%
Q4 24
3.1%
Q3 24
-5.7%
Q2 24
-9.0%
3.4%
Q1 24
0.0%
Net Margin
HCM
HCM
SHAK
SHAK
Q4 25
0.7%
3.0%
Q3 25
3.4%
Q2 25
163.8%
4.8%
Q1 25
3.7%
1.3%
Q4 24
2.6%
Q3 24
-3.2%
Q2 24
8.4%
3.1%
Q1 24
0.7%
EPS (diluted)
HCM
HCM
SHAK
SHAK
Q4 25
$0.00
$0.28
Q3 25
$0.30
Q2 25
$0.52
$0.41
Q1 25
$0.01
$0.10
Q4 24
$0.22
Q3 24
$-0.26
Q2 24
$0.03
$0.23
Q1 24
$0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HCM
HCM
SHAK
SHAK
Cash + ST InvestmentsLiquidity on hand
$1.4B
$360.1M
Total DebtLower is stronger
$93.2M
$247.7M
Stockholders' EquityBook value
$1.2B
$525.3M
Total Assets
$1.8B
$1.9B
Debt / EquityLower = less leverage
0.08×
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCM
HCM
SHAK
SHAK
Q4 25
$1.4B
$360.1M
Q3 25
$357.8M
Q2 25
$1.4B
$336.8M
Q1 25
$836.1M
$312.9M
Q4 24
$320.7M
Q3 24
$310.9M
Q2 24
$802.5M
$304.4M
Q1 24
$284.8M
Total Debt
HCM
HCM
SHAK
SHAK
Q4 25
$93.2M
$247.7M
Q3 25
$247.5M
Q2 25
$93.4M
$247.2M
Q1 25
$82.8M
$246.9M
Q4 24
$246.7M
Q3 24
$246.4M
Q2 24
$82.1M
$246.2M
Q1 24
$245.9M
Stockholders' Equity
HCM
HCM
SHAK
SHAK
Q4 25
$1.2B
$525.3M
Q3 25
$509.0M
Q2 25
$1.2B
$494.1M
Q1 25
$759.9M
$473.3M
Q4 24
$470.0M
Q3 24
$456.1M
Q2 24
$740.1M
$462.4M
Q1 24
$446.4M
Total Assets
HCM
HCM
SHAK
SHAK
Q4 25
$1.8B
$1.9B
Q3 25
$1.8B
Q2 25
$1.8B
$1.8B
Q1 25
$1.3B
$1.7B
Q4 24
$1.7B
Q3 24
$1.7B
Q2 24
$1.3B
$1.7B
Q1 24
$1.6B
Debt / Equity
HCM
HCM
SHAK
SHAK
Q4 25
0.08×
0.47×
Q3 25
0.49×
Q2 25
0.08×
0.50×
Q1 25
0.11×
0.52×
Q4 24
0.52×
Q3 24
0.54×
Q2 24
0.11×
0.53×
Q1 24
0.55×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HCM
HCM
SHAK
SHAK
Operating Cash FlowLast quarter
$8.2M
$63.1M
Free Cash FlowOCF − Capex
$3.4M
$4.0M
FCF MarginFCF / Revenue
1.2%
1.0%
Capex IntensityCapex / Revenue
1.8%
14.8%
Cash ConversionOCF / Net Profit
4.21×
5.34×
TTM Free Cash FlowTrailing 4 quarters
$-96.2M
$56.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HCM
HCM
SHAK
SHAK
Q4 25
$8.2M
$63.1M
Q3 25
$63.0M
Q2 25
$-72.9M
$65.0M
Q1 25
$40.3M
$31.2M
Q4 24
$45.1M
Q3 24
$41.9M
Q2 24
$-39.8M
$53.5M
Q1 24
$30.7M
Free Cash Flow
HCM
HCM
SHAK
SHAK
Q4 25
$3.4M
$4.0M
Q3 25
$23.7M
Q2 25
$-82.2M
$26.9M
Q1 25
$32.5M
$1.9M
Q4 24
$10.4M
Q3 24
$7.1M
Q2 24
$-49.9M
$20.6M
Q1 24
$-2.4M
FCF Margin
HCM
HCM
SHAK
SHAK
Q4 25
1.2%
1.0%
Q3 25
6.5%
Q2 25
-29.6%
7.5%
Q1 25
10.0%
0.6%
Q4 24
3.2%
Q3 24
2.2%
Q2 24
-16.3%
6.5%
Q1 24
-0.8%
Capex Intensity
HCM
HCM
SHAK
SHAK
Q4 25
1.8%
14.8%
Q3 25
10.7%
Q2 25
3.3%
10.7%
Q1 25
2.4%
9.1%
Q4 24
10.6%
Q3 24
11.0%
Q2 24
3.3%
10.4%
Q1 24
11.4%
Cash Conversion
HCM
HCM
SHAK
SHAK
Q4 25
4.21×
5.34×
Q3 25
5.04×
Q2 25
-0.16×
3.79×
Q1 25
3.38×
7.36×
Q4 24
5.18×
Q3 24
Q2 24
-1.54×
5.54×
Q1 24
15.03×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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