HUTCHMED (China) (HCM) Financial Statements & Analysis

HUTCHMED (China) (HCM) Income Statement

HUTCHMED (China) reported revenue of $549.96M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 12.7% from $630.20M a year earlier. Net income was $458.12M, up 1114.2% year over year, a net margin of 83.3%. Gross margin was 38.7% and operating margin -10.0%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $139.14M, up 0.2% from the same quarter a year earlier.

HUTCHMED (China) Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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HUTCHMED (China) Limited income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	549.96	630.20	838.00	426.41	356.13	227.98	204.89	214.11	241.20
Cost of Revenue	337.24	347.63	686.45	311.10	258.23	363.30	160.15	143.94	175.82
Gross Profit	212.72	282.57	453.55	115.31	97.89	-135.32	44.74	70.17	65.38
Operating Expenses
Research & Development	164.15	213.37	302.00	386.89	299.09	176.69	91.94	115.58	75.78
Selling, General & Administrative	103.30	112.91	133.18	136.11	127.13	61.35	52.93	48.65	43.28
Operating Expenses	267.45	326.28	435.18	834.10	425.89	61.35	197.26	162.81	118.80
Operating Income	-54.73	-43.71	18.38	-718.80	-328.00	-196.67	-152.78	-92.64	-53.42
Other Income/Expense
Interest Income	50.01	40.08	36.15	9.60	2.08	3.24	4.94	5.98	1.22
Interest Expense	2.87	2.87	-0.76	0.65	0.59	-0.79	1.03	1.01	1.46
Other Income/Expense	577.45	89.07	87.23	358.13	0.34	1.22	52.20	25.32	33.53
Income
Income Before Tax	522.72	45.36	105.60	-360.67	-215.74	-110.69	-100.58	-67.32	-19.88
Income Tax Expense	63.78	7.19	4.51	-0.28	11.92	4.83	3.27	3.96	3.08
Net Income	458.12	37.73	100.78	-360.84	-194.65	-125.73	-106.02	-74.81	-26.74
Net Income - Continuous Operations	458.12	37.73	100.78	-360.84	-167.04	-125.95	-106.02	-74.81	-26.74
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	-41.38	-31.36	26.58	-360.02	-207.96	-190.61	-135.13	-82.06	-49.50
EBIT	501.56	-43.71	18.38	-409.77	-215.15	-196.67	-	-	-
Depreciation & Amortization	13.34	12.34	8.21	0.00	7.19	6.06	4.94	3.59	2.58
Earnings Per Share
Basic EPS	3.00	-	-	-2.00	-1.00	-	-1.00	-1.00	-
Diluted EPS	3.00	-	1.00	-2.00	-1.00	-	-1.00	-1.00	-
Basic Shares Outstanding	171.66	171.07	849.65	169.43	158.54	697.93	133.14	132.85	123.43
Diluted Shares Outstanding	174.58	174.57	869.20	169.43	158.54	697.93	133.14	132.85	123.43

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About HUTCHMED (China) Financial Statements

What was HUTCHMED (China)'s revenue in fiscal 2025?

HUTCHMED (China) reported revenue of $549.96M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 12.7% from $630.20M a year earlier.

Is HUTCHMED (China) profitable?

Yes. HUTCHMED (China) earned net income of $458.12M in fiscal 2025, a net margin of 83.3%. In fiscal 2024 it earned $37.73M.

What is HUTCHMED (China)'s operating margin?

HUTCHMED (China)'s operating income was −$54.73M on revenue of $549.96M in fiscal 2025, an operating margin of -10.0%, compared with -6.9% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition