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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and TREX CO INC (TREX). Click either name above to swap in a different company.
TREX CO INC is the larger business by last-quarter revenue ($343.4M vs $270.8M, roughly 1.3× HUTCHMED (China) Ltd). TREX CO INC runs the higher net margin — 17.9% vs 0.7%, a 17.2% gap on every dollar of revenue. On growth, TREX CO INC posted the faster year-over-year revenue change (1.0% vs -16.5%). HUTCHMED (China) Ltd produced more free cash flow last quarter ($3.4M vs $-143.4M).
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.
Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.
HCM vs TREX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $343.4M |
| Net Profit | $2.0M | $61.4M |
| Gross Margin | 37.7% | 40.5% |
| Operating Margin | -13.2% | 24.3% |
| Net Margin | 0.7% | 17.9% |
| Revenue YoY | -16.5% | 1.0% |
| Net Profit YoY | -83.6% | 1.6% |
| EPS (diluted) | $0.00 | $0.58 |
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.
| Q1 26 | — | $343.4M | ||
| Q4 25 | $270.8M | $161.1M | ||
| Q3 25 | — | $285.3M | ||
| Q2 25 | $277.7M | $387.8M | ||
| Q1 25 | $324.5M | $340.0M | ||
| Q4 24 | — | $167.6M | ||
| Q3 24 | — | $233.7M | ||
| Q2 24 | $305.7M | $376.5M |
| Q1 26 | — | $61.4M | ||
| Q4 25 | $2.0M | $2.3M | ||
| Q3 25 | — | $51.8M | ||
| Q2 25 | $455.0M | $75.9M | ||
| Q1 25 | $11.9M | $60.4M | ||
| Q4 24 | — | $9.8M | ||
| Q3 24 | — | $40.6M | ||
| Q2 24 | $25.8M | $87.0M |
| Q1 26 | — | 40.5% | ||
| Q4 25 | 37.7% | 30.2% | ||
| Q3 25 | — | 40.5% | ||
| Q2 25 | 0.1% | 40.8% | ||
| Q1 25 | 48.0% | 40.5% | ||
| Q4 24 | — | 32.7% | ||
| Q3 24 | — | 39.9% | ||
| Q2 24 | 41.1% | 44.7% |
| Q1 26 | — | 24.3% | ||
| Q4 25 | -13.2% | 2.2% | ||
| Q3 25 | — | 24.7% | ||
| Q2 25 | -1.3% | 26.4% | ||
| Q1 25 | -5.0% | 24.0% | ||
| Q4 24 | — | 9.2% | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | -9.0% | 31.1% |
| Q1 26 | — | 17.9% | ||
| Q4 25 | 0.7% | 1.4% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | 163.8% | 19.6% | ||
| Q1 25 | 3.7% | 17.8% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 17.4% | ||
| Q2 24 | 8.4% | 23.1% |
| Q1 26 | — | $0.58 | ||
| Q4 25 | $0.00 | $0.03 | ||
| Q3 25 | — | $0.48 | ||
| Q2 25 | $0.52 | $0.71 | ||
| Q1 25 | $0.01 | $0.56 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | — | $0.37 | ||
| Q2 24 | $0.03 | $0.80 |
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 | $4.5M |
| Total DebtLower is stronger | $93.2M | — |
| Stockholders' EquityBook value | $1.2B | $995.8M |
| Total Assets | $1.8B | $1.7B |
| Debt / EquityLower = less leverage | 0.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.5M | ||
| Q4 25 | $1.4B | $3.8M | ||
| Q3 25 | — | $11.4M | ||
| Q2 25 | $1.4B | $5.5M | ||
| Q1 25 | $836.1M | $5.0M | ||
| Q4 24 | — | $1.3M | ||
| Q3 24 | — | $12.8M | ||
| Q2 24 | $802.5M | $1.2M |
| Q1 26 | — | — | ||
| Q4 25 | $93.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $93.4M | — | ||
| Q1 25 | $82.8M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $82.1M | — |
| Q1 26 | — | $995.8M | ||
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | $1.2B | $989.3M | ||
| Q1 25 | $759.9M | $910.1M | ||
| Q4 24 | — | $850.1M | ||
| Q3 24 | — | $887.9M | ||
| Q2 24 | $740.1M | $894.9M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.8B | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $1.8B | $1.5B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | $1.3B | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.11× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.11× | — |
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 | $-118.4M |
| Free Cash FlowOCF − Capex | $3.4M | $-143.4M |
| FCF MarginFCF / Revenue | 1.2% | -41.8% |
| Capex IntensityCapex / Revenue | 1.8% | — |
| Cash ConversionOCF / Net Profit | 4.21× | -1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | $224.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-118.4M | ||
| Q4 25 | $8.2M | $65.5M | ||
| Q3 25 | — | $196.9M | ||
| Q2 25 | $-72.9M | $249.8M | ||
| Q1 25 | $40.3M | $-154.0M | ||
| Q4 24 | — | $-8.5M | ||
| Q3 24 | — | $132.8M | ||
| Q2 24 | $-39.8M | $193.7M |
| Q1 26 | — | $-143.4M | ||
| Q4 25 | $3.4M | $22.1M | ||
| Q3 25 | — | $142.9M | ||
| Q2 25 | $-82.2M | $203.0M | ||
| Q1 25 | $32.5M | $-233.5M | ||
| Q4 24 | — | $-89.3M | ||
| Q3 24 | — | $54.5M | ||
| Q2 24 | $-49.9M | $158.2M |
| Q1 26 | — | -41.8% | ||
| Q4 25 | 1.2% | 13.7% | ||
| Q3 25 | — | 50.1% | ||
| Q2 25 | -29.6% | 52.3% | ||
| Q1 25 | 10.0% | -68.7% | ||
| Q4 24 | — | -53.3% | ||
| Q3 24 | — | 23.3% | ||
| Q2 24 | -16.3% | 42.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.8% | 26.9% | ||
| Q3 25 | — | 18.9% | ||
| Q2 25 | 3.3% | 12.1% | ||
| Q1 25 | 2.4% | 23.4% | ||
| Q4 24 | — | 48.2% | ||
| Q3 24 | — | 33.5% | ||
| Q2 24 | 3.3% | 9.4% |
| Q1 26 | — | -1.93× | ||
| Q4 25 | 4.21× | 28.45× | ||
| Q3 25 | — | 3.80× | ||
| Q2 25 | -0.16× | 3.29× | ||
| Q1 25 | 3.38× | -2.55× | ||
| Q4 24 | — | -0.87× | ||
| Q3 24 | — | 3.27× | ||
| Q2 24 | -1.54× | 2.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
