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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
Skyward Specialty Insurance Group, Inc. is the larger business by last-quarter revenue ($385.6M vs $270.8M, roughly 1.4× HUTCHMED (China) Ltd). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs 0.7%, a 10.5% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs -16.5%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M 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.
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
HCM vs SKWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $385.6M |
| Net Profit | $2.0M | $43.2M |
| Gross Margin | 37.7% | — |
| Operating Margin | -13.2% | 14.2% |
| Net Margin | 0.7% | 11.2% |
| Revenue YoY | -16.5% | 26.7% |
| Net Profit YoY | -83.6% | 200.1% |
| EPS (diluted) | $0.00 | $1.03 |
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 | $385.6M | ||
| Q3 25 | — | $382.5M | ||
| Q2 25 | $277.7M | $319.9M | ||
| Q1 25 | $324.5M | $328.5M | ||
| Q4 24 | — | $304.4M | ||
| Q3 24 | — | $300.9M | ||
| Q2 24 | $305.7M | $279.9M | ||
| Q1 24 | — | $265.0M |
| Q4 25 | $2.0M | $43.2M | ||
| Q3 25 | — | $45.9M | ||
| Q2 25 | $455.0M | $38.8M | ||
| Q1 25 | $11.9M | $42.1M | ||
| Q4 24 | — | $14.4M | ||
| Q3 24 | — | $36.7M | ||
| Q2 24 | $25.8M | $31.0M | ||
| Q1 24 | — | $36.8M |
| 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% | 14.2% | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | -1.3% | 15.6% | ||
| Q1 25 | -5.0% | 15.7% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | -9.0% | 14.4% | ||
| Q1 24 | — | 17.7% |
| Q4 25 | 0.7% | 11.2% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | 163.8% | 12.1% | ||
| Q1 25 | 3.7% | 12.8% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 12.2% | ||
| Q2 24 | 8.4% | 11.1% | ||
| Q1 24 | — | 13.9% |
| Q4 25 | $0.00 | $1.03 | ||
| Q3 25 | — | $1.10 | ||
| Q2 25 | $0.52 | $0.93 | ||
| Q1 25 | $0.01 | $1.01 | ||
| Q4 24 | — | $0.33 | ||
| Q3 24 | — | $0.89 | ||
| Q2 24 | $0.03 | $0.75 | ||
| Q1 24 | — | $0.90 |
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 | $168.5M |
| Total DebtLower is stronger | $93.2M | — |
| Stockholders' EquityBook value | $1.2B | $1.0B |
| Total Assets | $1.8B | $4.8B |
| Debt / EquityLower = less leverage | 0.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $168.5M | ||
| Q3 25 | — | $160.1M | ||
| Q2 25 | $1.4B | $136.6M | ||
| Q1 25 | $836.1M | $112.9M | ||
| Q4 24 | — | $121.6M | ||
| Q3 24 | — | $105.6M | ||
| Q2 24 | $802.5M | $73.0M | ||
| Q1 24 | — | $85.1M |
| 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 | $1.0B | ||
| Q3 25 | — | $961.4M | ||
| Q2 25 | $1.2B | $899.9M | ||
| Q1 25 | $759.9M | $850.7M | ||
| Q4 24 | — | $794.0M | ||
| Q3 24 | — | $797.5M | ||
| Q2 24 | $740.1M | $723.6M | ||
| Q1 24 | — | $692.3M |
| Q4 25 | $1.8B | $4.8B | ||
| Q3 25 | — | $4.6B | ||
| Q2 25 | $1.8B | $4.3B | ||
| Q1 25 | $1.3B | $4.0B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | $1.3B | $3.4B | ||
| Q1 24 | — | $3.2B |
| 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 | $408.1M |
| Free Cash FlowOCF − Capex | $3.4M | $402.6M |
| FCF MarginFCF / Revenue | 1.2% | 104.4% |
| Capex IntensityCapex / Revenue | 1.8% | 1.4% |
| Cash ConversionOCF / Net Profit | 4.21× | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $408.1M | ||
| Q3 25 | — | $171.4M | ||
| Q2 25 | $-72.9M | $88.2M | ||
| Q1 25 | $40.3M | $96.8M | ||
| Q4 24 | — | $305.1M | ||
| Q3 24 | — | $168.0M | ||
| Q2 24 | $-39.8M | $21.0M | ||
| Q1 24 | — | $94.3M |
| Q4 25 | $3.4M | $402.6M | ||
| Q3 25 | — | $168.9M | ||
| Q2 25 | $-82.2M | $87.1M | ||
| Q1 25 | $32.5M | $96.6M | ||
| Q4 24 | — | $300.9M | ||
| Q3 24 | — | $167.6M | ||
| Q2 24 | $-49.9M | $18.4M | ||
| Q1 24 | — | $94.0M |
| Q4 25 | 1.2% | 104.4% | ||
| Q3 25 | — | 44.2% | ||
| Q2 25 | -29.6% | 27.2% | ||
| Q1 25 | 10.0% | 29.4% | ||
| Q4 24 | — | 98.8% | ||
| Q3 24 | — | 55.7% | ||
| Q2 24 | -16.3% | 6.6% | ||
| Q1 24 | — | 35.5% |
| Q4 25 | 1.8% | 1.4% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | 3.3% | 0.3% | ||
| Q1 25 | 2.4% | 0.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | 3.3% | 0.9% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 4.21× | 9.44× | ||
| Q3 25 | — | 3.73× | ||
| Q2 25 | -0.16× | 2.27× | ||
| Q1 25 | 3.38× | 2.30× | ||
| Q4 24 | — | 21.18× | ||
| Q3 24 | — | 4.58× | ||
| Q2 24 | -1.54× | 0.68× | ||
| Q1 24 | — | 2.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
