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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and TOWER SEMICONDUCTOR LTD (TSEM). Click either name above to swap in a different company.
TOWER SEMICONDUCTOR LTD is the larger business by last-quarter revenue ($351.2M vs $270.8M, roughly 1.3× HUTCHMED (China) Ltd). TOWER SEMICONDUCTOR LTD runs the higher net margin — 15.2% vs 0.7%, a 14.5% gap on every dollar of revenue. On growth, TOWER SEMICONDUCTOR LTD posted the faster year-over-year revenue change (-1.7% 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.
Tower Semiconductor Ltd. is an Israeli company that manufactures integrated circuits using specialty process technologies, including SiGe, BiCMOS, Silicon Photonics, SOI, mixed-signal and RFCMOS, CMOS image sensors, non-imaging sensors, power management (BCD), and non-volatile memory (NVM) as well as MEMS capabilities. Tower Semiconductor also owns 51% of TPSCo, an enterprise with Nuvoton Technology Corporation Japan (NTCJ).
HCM vs TSEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2024
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $351.2M |
| Net Profit | $2.0M | $53.4M |
| Gross Margin | 37.7% | 24.8% |
| Operating Margin | -13.2% | 15.7% |
| Net Margin | 0.7% | 15.2% |
| Revenue YoY | -16.5% | -1.7% |
| Net Profit YoY | -83.6% | 4.4% |
| EPS (diluted) | $0.00 | $0.48 |
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 | — | ||
| Q2 25 | $277.7M | — | ||
| Q1 25 | $324.5M | — | ||
| Q2 24 | $305.7M | $351.2M | ||
| Q2 23 | $532.9M | $357.2M | ||
| Q2 22 | $202.0M | $426.2M |
| Q4 25 | $2.0M | — | ||
| Q2 25 | $455.0M | — | ||
| Q1 25 | $11.9M | — | ||
| Q2 24 | $25.8M | $53.4M | ||
| Q2 23 | $168.6M | $51.2M | ||
| Q2 22 | $-162.9M | $58.1M |
| Q4 25 | 37.7% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 48.0% | — | ||
| Q2 24 | 41.1% | 24.8% | ||
| Q2 23 | 0.0% | 24.2% | ||
| Q2 22 | 0.1% | 26.4% |
| Q4 25 | -13.2% | — | ||
| Q2 25 | -1.3% | — | ||
| Q1 25 | -5.0% | — | ||
| Q2 24 | -9.0% | 15.7% | ||
| Q2 23 | 21.0% | 14.1% | ||
| Q2 22 | -97.4% | 16.6% |
| Q4 25 | 0.7% | — | ||
| Q2 25 | 163.8% | — | ||
| Q1 25 | 3.7% | — | ||
| Q2 24 | 8.4% | 15.2% | ||
| Q2 23 | 31.6% | 14.3% | ||
| Q2 22 | -80.6% | 13.6% |
| Q4 25 | $0.00 | — | ||
| Q2 25 | $0.52 | — | ||
| Q1 25 | $0.01 | — | ||
| Q2 24 | $0.03 | $0.48 | ||
| Q2 23 | $0.19 | $0.46 | ||
| Q2 22 | $-0.19 | $0.53 |
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 | $265.3M |
| Total DebtLower is stronger | $93.2M | — |
| Stockholders' EquityBook value | $1.2B | $2.5B |
| Total Assets | $1.8B | $3.0B |
| Debt / EquityLower = less leverage | 0.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $836.1M | — | ||
| Q2 24 | $802.5M | $265.3M | ||
| Q2 23 | $856.2M | $318.2M | ||
| Q2 22 | $826.2M | $211.2M |
| Q4 25 | $93.2M | — | ||
| Q2 25 | $93.4M | — | ||
| Q1 25 | $82.8M | — | ||
| Q2 24 | $82.1M | — | ||
| Q2 23 | $40.1M | $178.9M | ||
| Q2 22 | $418.0K | $200.7M |
| Q4 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $759.9M | — | ||
| Q2 24 | $740.1M | $2.5B | ||
| Q2 23 | $782.0M | $2.0B | ||
| Q2 22 | $799.7M | $1.7B |
| Q4 25 | $1.8B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.3B | — | ||
| Q2 24 | $1.3B | $3.0B | ||
| Q2 23 | $1.3B | $2.5B | ||
| Q2 22 | $1.2B | $2.3B |
| Q4 25 | 0.08× | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.11× | — | ||
| Q2 24 | 0.11× | — | ||
| Q2 23 | 0.05× | 0.09× | ||
| Q2 22 | 0.00× | 0.12× |
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 | — |
| Free Cash FlowOCF − Capex | $3.4M | — |
| FCF MarginFCF / Revenue | 1.2% | — |
| Capex IntensityCapex / Revenue | 1.8% | — |
| Cash ConversionOCF / Net Profit | 4.21× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | — | ||
| Q2 25 | $-72.9M | — | ||
| Q1 25 | $40.3M | — | ||
| Q2 24 | $-39.8M | — | ||
| Q2 23 | $226.4M | — | ||
| Q2 22 | $-89.9M | — |
| Q4 25 | $3.4M | — | ||
| Q2 25 | $-82.2M | — | ||
| Q1 25 | $32.5M | — | ||
| Q2 24 | $-49.9M | — | ||
| Q2 23 | $202.0M | — | ||
| Q2 22 | $-105.6M | — |
| Q4 25 | 1.2% | — | ||
| Q2 25 | -29.6% | — | ||
| Q1 25 | 10.0% | — | ||
| Q2 24 | -16.3% | — | ||
| Q2 23 | 37.9% | — | ||
| Q2 22 | -52.3% | — |
| Q4 25 | 1.8% | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 2.4% | — | ||
| Q2 24 | 3.3% | — | ||
| Q2 23 | 4.6% | — | ||
| Q2 22 | 7.8% | — |
| Q4 25 | 4.21× | — | ||
| Q2 25 | -0.16× | — | ||
| Q1 25 | 3.38× | — | ||
| Q2 24 | -1.54× | — | ||
| Q2 23 | 1.34× | — | ||
| Q2 22 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
