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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) and Wingstop Inc. (WING). Click either name above to swap in a different company.
HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $175.7M, roughly 1.5× Wingstop Inc.). Wingstop Inc. runs the higher net margin — 15.2% vs 0.7%, a 14.5% gap on every dollar of revenue. On growth, Wingstop Inc. posted the faster year-over-year revenue change (8.6% vs -16.5%). Wingstop Inc. produced more free cash flow last quarter ($34.5M vs $3.4M).
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.
Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.
HCM vs WING — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.8M | $175.7M |
| Net Profit | $2.0M | $26.8M |
| Gross Margin | 37.7% | — |
| Operating Margin | -13.2% | 26.7% |
| Net Margin | 0.7% | 15.2% |
| Revenue YoY | -16.5% | 8.6% |
| Net Profit YoY | -83.6% | 0.0% |
| EPS (diluted) | $0.00 | $0.99 |
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 | $175.7M | ||
| Q3 25 | — | $175.7M | ||
| Q2 25 | $277.7M | $174.3M | ||
| Q1 25 | $324.5M | $171.1M | ||
| Q4 24 | — | $161.8M | ||
| Q3 24 | — | $162.5M | ||
| Q2 24 | $305.7M | $155.7M | ||
| Q1 24 | — | $145.8M |
| Q4 25 | $2.0M | $26.8M | ||
| Q3 25 | — | $28.5M | ||
| Q2 25 | $455.0M | $26.8M | ||
| Q1 25 | $11.9M | $92.3M | ||
| Q4 24 | — | $26.8M | ||
| Q3 24 | — | $25.7M | ||
| Q2 24 | $25.8M | $27.5M | ||
| Q1 24 | — | $28.7M |
| Q4 25 | 37.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 48.0% | — | ||
| Q4 24 | — | 85.6% | ||
| Q3 24 | — | 85.0% | ||
| Q2 24 | 41.1% | 85.4% | ||
| Q1 24 | — | 85.4% |
| Q4 25 | -13.2% | 26.7% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | -1.3% | 25.9% | ||
| Q1 25 | -5.0% | 22.4% | ||
| Q4 24 | — | 25.9% | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | -9.0% | 26.5% | ||
| Q1 24 | — | 29.3% |
| Q4 25 | 0.7% | 15.2% | ||
| Q3 25 | — | 16.2% | ||
| Q2 25 | 163.8% | 15.4% | ||
| Q1 25 | 3.7% | 53.9% | ||
| Q4 24 | — | 16.5% | ||
| Q3 24 | — | 15.8% | ||
| Q2 24 | 8.4% | 17.7% | ||
| Q1 24 | — | 19.7% |
| Q4 25 | $0.00 | $0.99 | ||
| Q3 25 | — | $1.02 | ||
| Q2 25 | $0.52 | $0.96 | ||
| Q1 25 | $0.01 | $3.24 | ||
| Q4 24 | — | $0.91 | ||
| Q3 24 | — | $0.88 | ||
| Q2 24 | $0.03 | $0.93 | ||
| Q1 24 | — | $0.98 |
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 | $196.6M |
| Total DebtLower is stronger | $93.2M | $1.2B |
| Stockholders' EquityBook value | $1.2B | $-736.8M |
| Total Assets | $1.8B | $693.4M |
| Debt / EquityLower = less leverage | 0.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $196.6M | ||
| Q3 25 | — | $237.6M | ||
| Q2 25 | $1.4B | $227.9M | ||
| Q1 25 | $836.1M | $251.4M | ||
| Q4 24 | — | $315.9M | ||
| Q3 24 | — | $84.0M | ||
| Q2 24 | $802.5M | $96.7M | ||
| Q1 24 | — | $108.3M |
| Q4 25 | $93.2M | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | $93.4M | — | ||
| Q1 25 | $82.8M | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | $82.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $-736.8M | ||
| Q3 25 | — | $-702.6M | ||
| Q2 25 | $1.2B | $-686.0M | ||
| Q1 25 | $759.9M | $-715.0M | ||
| Q4 24 | — | $-675.6M | ||
| Q3 24 | — | $-447.5M | ||
| Q2 24 | $740.1M | $-437.5M | ||
| Q1 24 | — | $-434.4M |
| Q4 25 | $1.8B | $693.4M | ||
| Q3 25 | — | $721.0M | ||
| Q2 25 | $1.8B | $708.3M | ||
| Q1 25 | $1.3B | $696.8M | ||
| Q4 24 | — | $716.2M | ||
| Q3 24 | — | $484.8M | ||
| Q2 24 | $1.3B | $451.8M | ||
| Q1 24 | — | $412.3M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $8.2M | $57.3M |
| Free Cash FlowOCF − Capex | $3.4M | $34.5M |
| FCF MarginFCF / Revenue | 1.2% | 19.6% |
| Capex IntensityCapex / Revenue | 1.8% | 13.0% |
| Cash ConversionOCF / Net Profit | 4.21× | 2.14× |
| TTM Free Cash FlowTrailing 4 quarters | $-96.2M | $105.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $57.3M | ||
| Q3 25 | — | $63.9M | ||
| Q2 25 | $-72.9M | $6.6M | ||
| Q1 25 | $40.3M | $25.3M | ||
| Q4 24 | — | $7.7M | ||
| Q3 24 | — | $69.0M | ||
| Q2 24 | $-39.8M | $36.2M | ||
| Q1 24 | — | $44.7M |
| Q4 25 | $3.4M | $34.5M | ||
| Q3 25 | — | $61.7M | ||
| Q2 25 | $-82.2M | $-7.8M | ||
| Q1 25 | $32.5M | $17.3M | ||
| Q4 24 | — | $-8.6M | ||
| Q3 24 | — | $54.9M | ||
| Q2 24 | $-49.9M | $25.9M | ||
| Q1 24 | — | $33.5M |
| Q4 25 | 1.2% | 19.6% | ||
| Q3 25 | — | 35.1% | ||
| Q2 25 | -29.6% | -4.5% | ||
| Q1 25 | 10.0% | 10.1% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | — | 33.8% | ||
| Q2 24 | -16.3% | 16.6% | ||
| Q1 24 | — | 23.0% |
| Q4 25 | 1.8% | 13.0% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | 3.3% | 8.2% | ||
| Q1 25 | 2.4% | 4.7% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | 3.3% | 6.6% | ||
| Q1 24 | — | 7.7% |
| Q4 25 | 4.21× | 2.14× | ||
| Q3 25 | — | 2.24× | ||
| Q2 25 | -0.16× | 0.25× | ||
| Q1 25 | 3.38× | 0.27× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 2.68× | ||
| Q2 24 | -1.54× | 1.32× | ||
| Q1 24 | — | 1.55× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCM
Segment breakdown not available.
WING
| Royalty | $73.7M | 42% |
| Advertising | $61.4M | 35% |
| Franchisor Owned Outlet | $32.4M | 18% |
| Other | $6.4M | 4% |
| Franchise | $1.8M | 1% |
