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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.

Bristow Group Inc. is the larger business by last-quarter revenue ($377.3M vs $270.8M, roughly 1.4× HUTCHMED (China) Ltd). Bristow Group Inc. runs the higher net margin — 4.9% vs 0.7%, a 4.2% gap on every dollar of revenue. On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs -16.5%). Bristow Group Inc. produced more free cash flow last quarter ($47.8M vs $3.4M).

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.

Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name.

HCM vs VTOL — Head-to-Head

Bigger by revenue
VTOL
VTOL
1.4× larger
VTOL
$377.3M
$270.8M
HCM
Growing faster (revenue YoY)
VTOL
VTOL
+23.3% gap
VTOL
6.7%
-16.5%
HCM
Higher net margin
VTOL
VTOL
4.2% more per $
VTOL
4.9%
0.7%
HCM
More free cash flow
VTOL
VTOL
$44.4M more FCF
VTOL
$47.8M
$3.4M
HCM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HCM
HCM
VTOL
VTOL
Revenue
$270.8M
$377.3M
Net Profit
$2.0M
$18.4M
Gross Margin
37.7%
Operating Margin
-13.2%
8.5%
Net Margin
0.7%
4.9%
Revenue YoY
-16.5%
6.7%
Net Profit YoY
-83.6%
-42.1%
EPS (diluted)
$0.00
$0.61

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
VTOL
VTOL
Q4 25
$270.8M
$377.3M
Q3 25
$386.3M
Q2 25
$277.7M
$376.4M
Q1 25
$324.5M
$350.5M
Q4 24
$353.5M
Q3 24
$365.1M
Q2 24
$305.7M
$359.7M
Q1 24
$337.1M
Net Profit
HCM
HCM
VTOL
VTOL
Q4 25
$2.0M
$18.4M
Q3 25
$51.5M
Q2 25
$455.0M
$31.7M
Q1 25
$11.9M
$27.4M
Q4 24
$31.8M
Q3 24
$28.2M
Q2 24
$25.8M
$28.2M
Q1 24
$6.6M
Gross Margin
HCM
HCM
VTOL
VTOL
Q4 25
37.7%
Q3 25
Q2 25
0.1%
Q1 25
48.0%
Q4 24
Q3 24
Q2 24
41.1%
Q1 24
Operating Margin
HCM
HCM
VTOL
VTOL
Q4 25
-13.2%
8.5%
Q3 25
13.1%
Q2 25
-1.3%
11.3%
Q1 25
-5.0%
9.6%
Q4 24
9.0%
Q3 24
9.1%
Q2 24
-9.0%
12.4%
Q1 24
6.8%
Net Margin
HCM
HCM
VTOL
VTOL
Q4 25
0.7%
4.9%
Q3 25
13.3%
Q2 25
163.8%
8.4%
Q1 25
3.7%
7.8%
Q4 24
9.0%
Q3 24
7.7%
Q2 24
8.4%
7.8%
Q1 24
2.0%
EPS (diluted)
HCM
HCM
VTOL
VTOL
Q4 25
$0.00
$0.61
Q3 25
$1.72
Q2 25
$0.52
$1.07
Q1 25
$0.01
$0.92
Q4 24
$1.07
Q3 24
$0.95
Q2 24
$0.03
$0.96
Q1 24
$0.23

Balance Sheet & Financial Strength

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

Metric
HCM
HCM
VTOL
VTOL
Cash + ST InvestmentsLiquidity on hand
$1.4B
$286.2M
Total DebtLower is stronger
$93.2M
$671.5M
Stockholders' EquityBook value
$1.2B
$1.1B
Total Assets
$1.8B
$2.3B
Debt / EquityLower = less leverage
0.08×
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCM
HCM
VTOL
VTOL
Q4 25
$1.4B
$286.2M
Q3 25
$245.5M
Q2 25
$1.4B
$251.8M
Q1 25
$836.1M
$191.1M
Q4 24
$247.5M
Q3 24
$200.3M
Q2 24
$802.5M
$178.6M
Q1 24
$140.6M
Total Debt
HCM
HCM
VTOL
VTOL
Q4 25
$93.2M
$671.5M
Q3 25
$675.0M
Q2 25
$93.4M
$705.2M
Q1 25
$82.8M
$701.9M
Q4 24
$689.8M
Q3 24
$629.1M
Q2 24
$82.1M
$594.2M
Q1 24
$544.1M
Stockholders' Equity
HCM
HCM
VTOL
VTOL
Q4 25
$1.2B
$1.1B
Q3 25
$1.0B
Q2 25
$1.2B
$984.4M
Q1 25
$759.9M
$931.7M
Q4 24
$891.7M
Q3 24
$899.2M
Q2 24
$740.1M
$849.1M
Q1 24
$820.7M
Total Assets
HCM
HCM
VTOL
VTOL
Q4 25
$1.8B
$2.3B
Q3 25
$2.3B
Q2 25
$1.8B
$2.3B
Q1 25
$1.3B
$2.2B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$1.3B
$2.0B
Q1 24
$1.9B
Debt / Equity
HCM
HCM
VTOL
VTOL
Q4 25
0.08×
0.63×
Q3 25
0.65×
Q2 25
0.08×
0.72×
Q1 25
0.11×
0.75×
Q4 24
0.77×
Q3 24
0.70×
Q2 24
0.11×
0.70×
Q1 24
0.66×

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
VTOL
VTOL
Operating Cash FlowLast quarter
$8.2M
$76.9M
Free Cash FlowOCF − Capex
$3.4M
$47.8M
FCF MarginFCF / Revenue
1.2%
12.7%
Capex IntensityCapex / Revenue
1.8%
7.7%
Cash ConversionOCF / Net Profit
4.21×
4.17×
TTM Free Cash FlowTrailing 4 quarters
$-96.2M
$56.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HCM
HCM
VTOL
VTOL
Q4 25
$8.2M
$76.9M
Q3 25
$23.1M
Q2 25
$-72.9M
$99.0M
Q1 25
$40.3M
$-603.0K
Q4 24
$51.1M
Q3 24
$66.0M
Q2 24
$-39.8M
$33.7M
Q1 24
$26.7M
Free Cash Flow
HCM
HCM
VTOL
VTOL
Q4 25
$3.4M
$47.8M
Q3 25
$-6.2M
Q2 25
$-82.2M
$67.4M
Q1 25
$32.5M
$-52.7M
Q4 24
$-32.4M
Q3 24
$9.0M
Q2 24
$-49.9M
$-16.7M
Q1 24
$-37.9M
FCF Margin
HCM
HCM
VTOL
VTOL
Q4 25
1.2%
12.7%
Q3 25
-1.6%
Q2 25
-29.6%
17.9%
Q1 25
10.0%
-15.0%
Q4 24
-9.2%
Q3 24
2.5%
Q2 24
-16.3%
-4.6%
Q1 24
-11.2%
Capex Intensity
HCM
HCM
VTOL
VTOL
Q4 25
1.8%
7.7%
Q3 25
7.6%
Q2 25
3.3%
8.4%
Q1 25
2.4%
14.9%
Q4 24
23.6%
Q3 24
15.6%
Q2 24
3.3%
14.0%
Q1 24
19.2%
Cash Conversion
HCM
HCM
VTOL
VTOL
Q4 25
4.21×
4.17×
Q3 25
0.45×
Q2 25
-0.16×
3.12×
Q1 25
3.38×
-0.02×
Q4 24
1.61×
Q3 24
2.34×
Q2 24
-1.54×
1.20×
Q1 24
4.04×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HCM
HCM

Segment breakdown not available.

VTOL
VTOL

Offshore Energy Services$247.5M66%
Government Services$100.1M27%
Other$21.9M6%
Related Party$7.8M2%

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