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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.

HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $213.6M, roughly 1.3× Vital Farms, Inc.). Vital Farms, Inc. runs the higher net margin — 7.6% vs 0.7%, a 6.9% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs -16.5%). HUTCHMED (China) Ltd produced more free cash flow last quarter ($3.4M vs $-32.1M).

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.

Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".

HCM vs VITL — Head-to-Head

Bigger by revenue
HCM
HCM
1.3× larger
HCM
$270.8M
$213.6M
VITL
Growing faster (revenue YoY)
VITL
VITL
+45.2% gap
VITL
28.7%
-16.5%
HCM
Higher net margin
VITL
VITL
6.9% more per $
VITL
7.6%
0.7%
HCM
More free cash flow
HCM
HCM
$35.5M more FCF
HCM
$3.4M
$-32.1M
VITL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HCM
HCM
VITL
VITL
Revenue
$270.8M
$213.6M
Net Profit
$2.0M
$16.3M
Gross Margin
37.7%
35.8%
Operating Margin
-13.2%
10.0%
Net Margin
0.7%
7.6%
Revenue YoY
-16.5%
28.7%
Net Profit YoY
-83.6%
54.3%
EPS (diluted)
$0.00
$0.35

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
VITL
VITL
Q4 25
$270.8M
$213.6M
Q3 25
$198.9M
Q2 25
$277.7M
$184.8M
Q1 25
$324.5M
$162.2M
Q4 24
$166.0M
Q3 24
$145.0M
Q2 24
$305.7M
$147.4M
Q1 24
$147.9M
Net Profit
HCM
HCM
VITL
VITL
Q4 25
$2.0M
$16.3M
Q3 25
$16.4M
Q2 25
$455.0M
$16.6M
Q1 25
$11.9M
$16.9M
Q4 24
$10.6M
Q3 24
$7.4M
Q2 24
$25.8M
$16.3M
Q1 24
$19.0M
Gross Margin
HCM
HCM
VITL
VITL
Q4 25
37.7%
35.8%
Q3 25
37.7%
Q2 25
0.1%
38.9%
Q1 25
48.0%
38.5%
Q4 24
36.1%
Q3 24
36.9%
Q2 24
41.1%
39.1%
Q1 24
39.8%
Operating Margin
HCM
HCM
VITL
VITL
Q4 25
-13.2%
10.0%
Q3 25
10.8%
Q2 25
-1.3%
12.9%
Q1 25
-5.0%
13.4%
Q4 24
7.8%
Q3 24
6.4%
Q2 24
-9.0%
11.6%
Q1 24
16.3%
Net Margin
HCM
HCM
VITL
VITL
Q4 25
0.7%
7.6%
Q3 25
8.3%
Q2 25
163.8%
9.0%
Q1 25
3.7%
10.4%
Q4 24
6.4%
Q3 24
5.1%
Q2 24
8.4%
11.1%
Q1 24
12.9%
EPS (diluted)
HCM
HCM
VITL
VITL
Q4 25
$0.00
$0.35
Q3 25
$0.36
Q2 25
$0.52
$0.36
Q1 25
$0.01
$0.37
Q4 24
$0.23
Q3 24
$0.16
Q2 24
$0.03
$0.36
Q1 24
$0.43

Balance Sheet & Financial Strength

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

Metric
HCM
HCM
VITL
VITL
Cash + ST InvestmentsLiquidity on hand
$1.4B
$48.8M
Total DebtLower is stronger
$93.2M
Stockholders' EquityBook value
$1.2B
$351.3M
Total Assets
$1.8B
$518.7M
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCM
HCM
VITL
VITL
Q4 25
$1.4B
$48.8M
Q3 25
$93.8M
Q2 25
$1.4B
$108.2M
Q1 25
$836.1M
$156.3M
Q4 24
$150.6M
Q3 24
$149.5M
Q2 24
$802.5M
$133.2M
Q1 24
$113.8M
Total Debt
HCM
HCM
VITL
VITL
Q4 25
$93.2M
Q3 25
Q2 25
$93.4M
Q1 25
$82.8M
Q4 24
Q3 24
Q2 24
$82.1M
Q1 24
Stockholders' Equity
HCM
HCM
VITL
VITL
Q4 25
$1.2B
$351.3M
Q3 25
$331.2M
Q2 25
$1.2B
$309.8M
Q1 25
$759.9M
$288.9M
Q4 24
$269.3M
Q3 24
$253.4M
Q2 24
$740.1M
$238.4M
Q1 24
$213.3M
Total Assets
HCM
HCM
VITL
VITL
Q4 25
$1.8B
$518.7M
Q3 25
$481.5M
Q2 25
$1.8B
$430.8M
Q1 25
$1.3B
$376.9M
Q4 24
$359.3M
Q3 24
$344.7M
Q2 24
$1.3B
$320.5M
Q1 24
$300.2M
Debt / Equity
HCM
HCM
VITL
VITL
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
HCM
HCM
VITL
VITL
Operating Cash FlowLast quarter
$8.2M
$5.8M
Free Cash FlowOCF − Capex
$3.4M
$-32.1M
FCF MarginFCF / Revenue
1.2%
-15.1%
Capex IntensityCapex / Revenue
1.8%
17.8%
Cash ConversionOCF / Net Profit
4.21×
0.35×
TTM Free Cash FlowTrailing 4 quarters
$-96.2M
$-48.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HCM
HCM
VITL
VITL
Q4 25
$8.2M
$5.8M
Q3 25
$23.4M
Q2 25
$-72.9M
$-761.0K
Q1 25
$40.3M
$5.3M
Q4 24
$14.8M
Q3 24
$10.0M
Q2 24
$-39.8M
$16.1M
Q1 24
$23.9M
Free Cash Flow
HCM
HCM
VITL
VITL
Q4 25
$3.4M
$-32.1M
Q3 25
$-10.6M
Q2 25
$-82.2M
$-7.6M
Q1 25
$32.5M
$2.1M
Q4 24
$-3.4M
Q3 24
$6.4M
Q2 24
$-49.9M
$10.5M
Q1 24
$22.6M
FCF Margin
HCM
HCM
VITL
VITL
Q4 25
1.2%
-15.1%
Q3 25
-5.3%
Q2 25
-29.6%
-4.1%
Q1 25
10.0%
1.3%
Q4 24
-2.0%
Q3 24
4.4%
Q2 24
-16.3%
7.2%
Q1 24
15.3%
Capex Intensity
HCM
HCM
VITL
VITL
Q4 25
1.8%
17.8%
Q3 25
17.1%
Q2 25
3.3%
3.7%
Q1 25
2.4%
1.9%
Q4 24
10.9%
Q3 24
2.5%
Q2 24
3.3%
3.8%
Q1 24
0.9%
Cash Conversion
HCM
HCM
VITL
VITL
Q4 25
4.21×
0.35×
Q3 25
1.43×
Q2 25
-0.16×
-0.05×
Q1 25
3.38×
0.31×
Q4 24
1.40×
Q3 24
1.34×
Q2 24
-1.54×
0.99×
Q1 24
1.26×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HCM
HCM

Segment breakdown not available.

VITL
VITL

Eggs And Egg Related Products$205.8M96%
Butter And Butter Related Products$7.7M4%

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