HCM · NASDAQ · Drug Manufacturers - Specialty & Generic

HUTCHMED (ADR)

Develops targeted therapies and immunotherapies, commercializing medicines in China and through global partners.

$12.31
After-hours close−0.06 (−0.49%)
At close$12.37(−0.36%)
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Profile

HUTCHMED (China) LimitedHCMHealth Care

Develops targeted therapies and immunotherapies for cancer and immunological diseases. It markets three internally developed medicines in China and uses partnerships to commercialize fruquintinib outside China.

Develops, manufactures, and markets targeted therapies and immunotherapies for cancer and immunological diseases. Its Oncology/Immunology business spans discovery through commercialization, while Other Ventures retains China prescription-drug and healthcare distribution activities.

In China, the internally developed medicines are Orpathys, Elunate, and Sulanda. Fruquintinib is marketed as Fruzaqla outside China through Takeda, while savolitinib is partnered with AstraZeneca.

The operating model combines in-house discovery and China commercialization with selected partners in markets outside China. Founded by a CK Hutchison subsidiary, it remains closely connected today to CK Hutchison through its largest shareholder.

Company facts

CEOJohnny Cheng
ListedMar 17, 2016
ExchangeNASDAQ
HeadquartersHong Kong, HK
CountryHong Kong
Employees1,799
CIK0001648257
ISINUS44842L1035

Key statistics

Market cap$2.16B
EPS (ttm)$0.1030
P/E (ttm)120.19
ROE1.4%
P/B1.74
P/S4.00
Dividend yield
Beta0.64vs XLV 0.20

Year to date −9.4% · Average volume (30d) 58.2K

Analysts

Price target, next 12 months$13.80+11.5%Median of 10 analysts · vs the Aug 28 close
ConsensusBuy8 of 10 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
Jul 23, 2026Goldman SachsReiterateNeutral$14
May 28, 2026Morgan StanleyTarget$17.50$13.60
Sep 22, 2025Morgan StanleyDowngradeEqual WeightUnderweight

Earnings

EPS

Estimate$0.15
Reported$0.05−68.3%

Revenue

Estimate$304.2M
Reported$278.3M−8.5%

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Jul 30, 2026Q2 FY26$0.15$0.05−68.3%$304.2M$278.3M−8.5%−5.44%
Mar 5, 2026Q4 FY25$2.50$290.5M$271.0M−6.7%0.00%
Aug 7, 2025Q2 FY25$1.46$1.30−11.0%$330.4M$138.8M−58.0%−8.03%
Jul 2, 2025Q1 FY25$1.30$138.8M+0.76%
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Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$138.8M$138.8M$135.4M$135.4M$139.1M$139.1M
Gross profit$55.1M$55.1M−$23.1M−$23.1M$23.7M$23.7M
Operating income−$1.8M−$1.8M−$17.8M−$17.8M$434.5K$434.5K
Net income$227.5M$227.5M$977.5K$977.5K$8.0M$8.0M
Diluted EPS$1.30$1.30$0.01$0.01$0.05$0.05
Gross margin39.7%39.7%-17.1%-17.1%17.0%17.0%
Operating margin-1.3%-1.3%-13.2%-13.2%0.3%0.3%

Fiscal years (4-quarter sums)FY21 $356.1M · FY22 $426.4M · FY23 $838.0M · FY24 $630.2M · FY25 $548.5M

Revenue by product · FY25

Other Collaboration Royalties Revenue$68.4M · 45%
Commercialization Services$45.3M · 29%
Collaboration Research And Development$27.9M · 18%
Other Collaboration Licensing Revenue$12.1M · 8%

Revenue by geography · FY25

China$407.5M · 100%

Balance sheet, Jun 30, 2026Cash & short-term investments $1.38B · Total debt $94.5M · Total assets $1.74B · Shareholders' equity $1.26B

Dividends

No dividends on record.

Ownership

Institutions 2.45%Insiders

Shares outstanding 174.47M · Float 170.46M · 97.7% free float

Insiders — filings are in the shares behind the receipt.

This listing is a depositary receipt and the Form 4 positions here are filed in the shares behind it, a different unit from the share count and in a ratio the filings never state, so no insider percentage is shown.

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Schroder Investment Management Group1.48M0.85%13FMay 14, 2026
Allianz Asset Management GmbH837.5K0.48%13FMay 11, 2026
State Street Corp304.8K0.17%13FMay 15, 2026
Aia Group Ltd291.2K0.17%13FMay 6, 2026
M&G PLC255.5K0.15%13FMay 13, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

Peers

CompareAfter-hours close

CompanyPriceChange
HUTCHMED (ADR)$12.31−0.49%$2.16B120.24.0+100.4%
BeOne Medicines (ADR)$366.73−0.01%$39.19B5.146.76.9+29.6%
Zai Lab (ADR)$26.080.00%$2.95B6.6−3.3%
Median5.146.76.7+13.1%