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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and Terreno Realty Corp (TRNO). Click either name above to swap in a different company.
HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $137.5M, roughly 2.0× Terreno Realty Corp). Terreno Realty Corp runs the higher net margin — 115.1% vs 0.7%, a 114.4% gap on every dollar of revenue. On growth, Terreno Realty Corp posted the faster year-over-year revenue change (32.6% vs -16.5%).
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.
Terreno Realty Corp is a publicly traded real estate investment trust that specializes in owning, operating, and acquiring high-quality industrial real estate assets. Its portfolio mainly includes distribution warehouses and logistics facilities located in high-demand coastal U.S. metropolitan markets, serving tenants across e-commerce, last-mile delivery, retail supply chain, and light manufacturing segments.
HCM vs TRNO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $137.5M |
| Net Profit | $2.0M | $158.2M |
| Gross Margin | 37.7% | — |
| Operating Margin | -13.2% | — |
| Net Margin | 0.7% | 115.1% |
| Revenue YoY | -16.5% | 32.6% |
| Net Profit YoY | -83.6% | 107.9% |
| EPS (diluted) | $0.00 | $1.54 |
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 | $137.5M | ||
| Q3 25 | — | $116.2M | ||
| Q2 25 | $277.7M | $112.2M | ||
| Q1 25 | $324.5M | $110.4M | ||
| Q4 24 | — | $103.7M | ||
| Q3 24 | — | $99.6M | ||
| Q2 24 | $305.7M | $94.2M | ||
| Q1 24 | — | $85.0M |
| Q4 25 | $2.0M | $158.2M | ||
| Q3 25 | — | $103.4M | ||
| Q2 25 | $455.0M | $93.3M | ||
| Q1 25 | $11.9M | $48.1M | ||
| Q4 24 | — | $76.1M | ||
| Q3 24 | — | $36.6M | ||
| Q2 24 | $25.8M | $35.7M | ||
| Q1 24 | — | $36.1M |
| 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% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -1.3% | — | ||
| Q1 25 | -5.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -9.0% | — | ||
| Q1 24 | — | — |
| Q4 25 | 0.7% | 115.1% | ||
| Q3 25 | — | 88.9% | ||
| Q2 25 | 163.8% | 83.1% | ||
| Q1 25 | 3.7% | 43.6% | ||
| Q4 24 | — | 73.4% | ||
| Q3 24 | — | 36.8% | ||
| Q2 24 | 8.4% | 37.9% | ||
| Q1 24 | — | 42.4% |
| Q4 25 | $0.00 | $1.54 | ||
| Q3 25 | — | $1.00 | ||
| Q2 25 | $0.52 | $0.90 | ||
| Q1 25 | $0.01 | $0.47 | ||
| Q4 24 | — | $0.78 | ||
| Q3 24 | — | $0.37 | ||
| Q2 24 | $0.03 | $0.37 | ||
| Q1 24 | — | $0.40 |
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 | $25.0M |
| Total DebtLower is stronger | $93.2M | $943.3M |
| Stockholders' EquityBook value | $1.2B | $4.1B |
| Total Assets | $1.8B | $5.4B |
| Debt / EquityLower = less leverage | 0.08× | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $25.0M | ||
| Q3 25 | — | $26.2M | ||
| Q2 25 | $1.4B | $128.4M | ||
| Q1 25 | $836.1M | $156.5M | ||
| Q4 24 | — | $18.1M | ||
| Q3 24 | — | $243.7M | ||
| Q2 24 | $802.5M | $182.0M | ||
| Q1 24 | — | $649.6M |
| Q4 25 | $93.2M | $943.3M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | $93.4M | $742.4M | ||
| Q1 25 | $82.8M | $741.9M | ||
| Q4 24 | — | $823.4M | ||
| Q3 24 | — | $672.2M | ||
| Q2 24 | $82.1M | $772.0M | ||
| Q1 24 | — | $771.8M |
| Q4 25 | $1.2B | $4.1B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | $1.2B | $3.9B | ||
| Q1 25 | $759.9M | $3.9B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | $740.1M | $3.4B | ||
| Q1 24 | — | $3.4B |
| Q4 25 | $1.8B | $5.4B | ||
| Q3 25 | — | $5.3B | ||
| Q2 25 | $1.8B | $5.0B | ||
| Q1 25 | $1.3B | $4.9B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | $1.3B | $4.5B | ||
| Q1 24 | — | $4.4B |
| Q4 25 | 0.08× | 0.23× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | 0.08× | 0.19× | ||
| Q1 25 | 0.11× | 0.19× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.19× | ||
| Q2 24 | 0.11× | 0.22× | ||
| Q1 24 | — | 0.22× |
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 | $271.9M |
| Free Cash FlowOCF − Capex | $3.4M | — |
| FCF MarginFCF / Revenue | 1.2% | — |
| Capex IntensityCapex / Revenue | 1.8% | — |
| Cash ConversionOCF / Net Profit | 4.21× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $271.9M | ||
| Q3 25 | — | $79.5M | ||
| Q2 25 | $-72.9M | $60.6M | ||
| Q1 25 | $40.3M | $61.4M | ||
| Q4 24 | — | $232.7M | ||
| Q3 24 | — | $70.0M | ||
| Q2 24 | $-39.8M | $64.3M | ||
| Q1 24 | — | $47.0M |
| Q4 25 | $3.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-82.2M | — | ||
| Q1 25 | $32.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-49.9M | — | ||
| Q1 24 | — | — |
| Q4 25 | 1.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -29.6% | — | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -16.3% | — | ||
| Q1 24 | — | — |
| Q4 25 | 1.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.3% | — | ||
| Q1 24 | — | — |
| Q4 25 | 4.21× | 1.72× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | -0.16× | 0.65× | ||
| Q1 25 | 3.38× | 1.28× | ||
| Q4 24 | — | 3.06× | ||
| Q3 24 | — | 1.91× | ||
| Q2 24 | -1.54× | 1.80× | ||
| Q1 24 | — | 1.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCM
Segment breakdown not available.
TRNO
| Disposal Group Disposed Of By Sale Not Discontinued Operations | $109.5M | 80% |
| Other | $23.8M | 17% |
| At Market Equity Offering Program500Million | $4.1M | 3% |
