HUTCHMED (China) Limited logo

HUTCHMED (China) Limited

HCM

NASDAQHealthcareDrug Manufacturers - Specialty & Generic

Previous close

$12.63

+$0.07 · +0.56%

Aug 21, 4:00 PM ET

HCM company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

91

Deep Value

Momentum

29

Weakening

Sentiment

63

Bullish

Risk resilience

47

Elevated Risk

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Company profile

Company website

HUTCHMED (China) Limited is a biopharmaceutical firm dedicated to the discovery, advancement, and marketing of innovative targeted and immune-based treatments for various cancers and immune-related disorders. Its operations are divided into two main areas: Oncology/Immunology and a segment encompassing Other Ventures. The company's reach extends from Hong Kong globally. Among its pipeline, HUTCHMED is developing Savolitinib, an inhibitor targeting non-small cell lung cancer (NSCLC), papillary and renal cell carcinoma, colorectal cancer (CRC), and gastric cancer (GC). Another key therapeutic, Fruquintinib, is an inhibitor being investigated for its efficacy in CRC, breast cancer, GC, endometrial cancer (EMC), NSCLC, hepatocellular carcinoma, and a range of other gastrointestinal and solid tumors. Furthermore, the company's portfolio includes Surufatinib, an inhibitor applicable to numerous conditions such as neuroendocrine tumors (NETs - both pancreatic and non-pancreatic), biliary tract cancer, sarcoma, neuroendocrine neoplasm, esophageal cancer, small cell lung cancer, gastric cancer (GC), thyroid cancer, endometrial cancer (EMC), NSCLC, and general solid tumors. HMPL-523, a spleen tyrosine kinase inhibitor, is designed to treat hematological cancers and specific chronic immune conditions, while HMPL-689 targets the isoform PI3Kd (phosphoinositide 3'-kinase delta). Additional compounds in development include Tazemetostat, an EZH2 inhibitor indicated for specific epithelioid sarcoma and follicular lymphoma patients; HMPL-306, an inhibitor showing promise for hematological malignancies, gliomas, and solid tumors; HMPL-760, which functions as a Bruton's tyrosine kinase inhibitor; and HMPL-453, an inhibitor aimed at intrahepatic cholangiocarcinoma. The pipeline also features HMPL-295 for solid tumors, HMPL-653 for metastatic solid tumors and tenosynovial giant cell tumors, alongside Epitinib (HMPL-813) and Theliatinib (HMPL-309), both of which act as inhibitors. HUTCHMED maintains strategic collaboration agreements with a number of partners, including AstraZeneca AB (publ), Lilly (Shanghai) Management Company Limited, BeiGene, Inmagene Biopharmaceuticals Co. Ltd., Innovent Biologics Co., Inc., Genor Biopharma Co. Ltd., Shanghai Junshi Biosciences Co. Ltd., and Epizyme, Inc. The entity, established in 2000 and headquartered in Central, Hong Kong, was previously identified as Hutchison China MediTech Limited before officially adopting its current name, HUTCHMED (China) Limited, in May 2021.

Industry
Drug Manufacturers - Specialty & Generic
Sector
Healthcare
Headquarters
HK
CEO
Chig Fung Cheng
Listed since
Mar 16, 2016
Employees
1,796

Market position

Day range

Current $12.63

52-week range

Current $12.63

Open
$12.56
Previous close
$12.56
Volume
64.4K
1.28× average
Average volume
50.19K
Average daily volume
Market cap
2.2B USD
Beta
0.43
Market reference 1
50-day average
$11.3016
+11.75% above average
200-day average
$13.3605
-5.47% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.31B USD
P/E (TTM)
132.77×
P/B (TTM)
1.69×
P/S (TTM)
3.89×
EV / EBITDA
-55.94×
Earnings yield
20.02%
Free cash flow yield
-3.88%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
0.20%
Operating margin
-6.33%
Net margin
3.26%
Return on equity
37.01%
Return on assets
26.13%
Return on invested capital
-3.28%

Financial health

Debt / equity
0.07×
Current ratio
4.96×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends118%14%-90%-195%Gross margin, FY2021: 91.92%Gross margin, FY2022: 27.04%Gross margin, FY2023: 54.12%Gross margin, FY2024: 44.84%Gross margin, FY2025: 38.68%Operating margin, FY2021: -100.27%Operating margin, FY2022: -168.57%Operating margin, FY2023: 2.19%Operating margin, FY2024: -6.94%Operating margin, FY2025: -9.95%Net margin, FY2021: -54.66%Net margin, FY2022: -84.62%Net margin, FY2023: 12.03%Net margin, FY2024: 5.99%Net margin, FY2025: 83.30%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 91.92%. Gross margin FY2022 27.04%. Gross margin FY2023 54.12%. Gross margin FY2024 44.84%. Gross margin FY2025 38.68%. Operating margin FY2021 -100.27%. Operating margin FY2022 -168.57%. Operating margin FY2023 2.19%. Operating margin FY2024 -6.94%. Operating margin FY2025 -9.95%. Net margin FY2021 -54.66%. Net margin FY2022 -84.62%. Net margin FY2023 12.03%. Net margin FY2024 5.99%. Net margin FY2025 83.30%.

Income trends

Revenue

549.96M USD-12.73%

Operating income

−54.73M USD-25.22%

Net income

458.12M USD+1114.23%
Income trends across reported periods993.68M USD370.96M USD−251.76M USD−874.48M USDRevenue, FY2021: 356.13M USDRevenue, FY2022: 426.41M USDRevenue, FY2023: 838M USDRevenue, FY2024: 630.2M USDRevenue, FY2025: 549.96M USDOperating income, FY2021: −357.1M USDOperating income, FY2022: −718.8M USDOperating income, FY2023: 18.38M USDOperating income, FY2024: −43.71M USDOperating income, FY2025: −54.73M USDNet income, FY2021: −194.65M USDNet income, FY2022: −360.84M USDNet income, FY2023: 100.78M USDNet income, FY2024: 37.73M USDNet income, FY2025: 458.12M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 356.13M USD. Revenue FY2022 426.41M USD. Revenue FY2023 838M USD. Revenue FY2024 630.2M USD. Revenue FY2025 549.96M USD. Operating income FY2021 −357.1M USD. Operating income FY2022 −718.8M USD. Operating income FY2023 18.38M USD. Operating income FY2024 −43.71M USD. Operating income FY2025 −54.73M USD. Net income FY2021 −194.65M USD. Net income FY2022 −360.84M USD. Net income FY2023 100.78M USD. Net income FY2024 37.73M USD. Net income FY2025 458.12M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue549.96M USD630.2M USD838M USD426.41M USD356.13M USD
Cost of goods sold337.24M USD347.63M USD384.45M USD311.1M USD28.79M USD
Gross profit212.72M USD282.57M USD453.55M USD115.31M USD327.34M USD
Research and development164.15M USD213.37M USD303.06M USD386.89M USD299.09M USD
Selling, general, and administrative103.3M USD112.91M USD133.18M USD136.11M USD127.13M USD
Operating expenses267.45M USD326.28M USD436.23M USD834.1M USD684.45M USD
Interest income50.01M USD40.08M USD36.15M USD9.6M USD2.08M USD
Interest expense2.87M USD2.87M USD759K USD652K USD592K USD
Depreciation and amortization13.34M USD12.34M USD8.21M USD
Operating income−54.73M USD−43.71M USD18.38M USD−718.8M USD−357.1M USD
Net income458.12M USD37.73M USD100.78M USD−360.84M USD−194.65M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$13.80

9.26% upside
Past 12 months12-month forecastHigh $14.00Average $13.80Low $13.60

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