HCM Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $14.20
Market Cap $12.39B
P/E 27.3
EPS $0.52
Revenue $549M
ROE 45.7%
Debt/Equity 0.1
52W Range $10–$16

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04
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10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$549M
2016-12-31 → 2025-12-31
EPS$0.52
2016-12-31 → 2025-12-31
Free Cash Flow$-79M
2016-12-31 → 2025-12-31
Net margin83.3%
2016-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend HCM 5Y avg Peer Median Verdict
P/E 27.35Y avg ≈72.4 ≈72.4 · ·
P/S 22.65Y avg ≈35.0 ≈35.0 · ·
P/B 10.05Y avg ≈19.8 ≈19.8 · ·
EV / EBITDA -430.85Y avg ≈-67.2 ≈-67.2 · ·
Price / FCF -157.25Y avg ≈-192.5 ≈-192.5 · ·
Price / Cash Flow -191.65Y avg ≈4993.4 ≈4993.4 · ·
EV / Revenue 20.35Y avg ≈33.3 ≈33.3 · ·
EV / FCF -141.35Y avg ≈-180.5 ≈-180.5 · ·
Price / Tangible Book 10.15Y avg ≈19.9 ≈19.9 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 95.6%
PeriodReportEPS ActualEPS EstSurprise
June 30, 2023 $0.19 $-0.38 149.9%
Dec. 31, 2021 $-0.26 $-1.06 75.6%
June 30, 2021 $-0.14 $-0.77 81.9%
Dec. 31, 2020 $-0.11 $-0.44 75.2%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 17
Metric Trend 202520242023202220212020201920182017201620152014
Revenue $549M$630M$838M$426M$356M$228M$205M$214M$241M$216M$178M$87M
Cost of Revenue $336M$349M$384M$311M····$170M$149M$105M$53M
R&D Expense $148M$212M$302M$387M$299M$175M$138M$114M$76M$67M$47M$30M
SG&A Expense $67M$64M$80M$92M$89M$50M$39M$31M$24M$22M$20M$13M
Operating Expenses $588M$674M$820M$834M$684M$425M$351M$307M$295M$263M$188M$106M
Operating Income $-39M$-44M$18M$-408M$-328M$-197M$-146M$-93M$-53M$-47M$-10M$-18M
Interest Expense ··$759.0K$652.0K$592.0K$787.0K$1M$1M$1M$2M$1M$2M
Interest Income $50M$40M$36M$10M$2M$3M$5M$6M$1M$502.0K$451.0K$559.0K
Other Non-op $61M$43M$40M$-3M$-9M$7M$5M$6M$-119.0K$-659.0K$-769.0K$-761.0K
Pretax Income $499M$-1M$58M$-410M$-216M$-190M$-141M$-87M$-54M$-47M$-11M$-3M
Income Tax $64M$7M$5M$-283.0K$12M$5M$3M$4M$3M$4M$2M$1M
Net Income $457M$38M$101M$-361M$-195M$-126M$-106M$-75M$-27M$12M$8M$-7M
EPS (Basic) $0.53$0.04$0.12$-0.43$-0.25$-0.18$-0.16$-0.11$-0.04$0.20$-0.64$-0.62
EPS (Diluted) $0.52$0.04$0.12$-0.43$-0.25$-0.18$-0.16$-1.13$-0.43$0.20$-0.64$-0.62
Shares (Basic) 858,276,608855,351,683849,654,296847,143,540792,684,524697,931,437665,683,145664,263,820617,171,71059,715,17354,659,31552,563,387
Shares (Diluted) 872,891,120872,829,129869,196,348847,143,540792,684,524697,931,437665,683,14566,426,38261,717,17159,971,05054,659,31552,563,387
EBITDA $-26M$-31M$27M$-399M$-321M$-191M$-141M$-89M$-51M$-44M··
Balance Sheet 29
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents $71M$154M$284M$313M$378M$236M$121M$86M$85M$79M$32M$39M
Short-term Investments $1.30B$682M$603M$318M$634M$200M$96M$215M$273M$24M$0·
Receivables $127M$156M$117M$98M$84M$48M$41M$40M$38M$41M$33M·
Inventory $41M$50M$50M$57M$36M$20M$16M$12M$12M$13M$10M·
Prepaid Expense $8M$8M$7M$22M$14M$7M$4M$4M$3M$699.0K··
Current Assets $1.57B$1.07B$1.10B$840M$1.21B$531M$317M$371M$432M$167M$90M·
PP&E (Net) $95M$92M$100M$76M$41M$24M$21M$17M$14M$10M$9M·
PP&E (Gross) $168M$152M$146M$113M$74M$50M$44M$36M$32M$24M$22M·
Accum. Depreciation ···$37M$33M$26M$23M$20M$17M$14M$13M$13M
Goodwill $3M$3M$3M$3M$3M$3M$3M$3M$3M$3M$3M$3M
Intangibles $9M·$21.0K$85.0K$163.0K$227.0K$275.0K$347.0K$430.0K$469.0K$571.0K·
Other Non-current Assets $20M$12M$15M$16M$22M$20M$6M·····
Total Assets $1.75B$1.27B$1.28B$1.03B$1.37B$724M$465M$532M$598M$342M$230M·
Accounts Payable $46M$43M$36M$71M$41M$32M$24M$26M$24M$36M$21M·
Short-term Debt $25M$23M$31M·········
Current Liabilities $316M$377M$403M$354M$312M$158M$113M$85M$105M$95M$81M·
Capital Leases $2M$4M$3M$5M$7M$6M$3M·····
Deferred Tax $255.0K$3M$1M$3M$3M$5M$3M·$4M$4M$3M·
Other Non-current Liabilities ·$11M$11M$12M$12M$9M$6M$2M$1M$8M$10M·
Total Liabilities $502M$502M$536M$393M$333M$205M$152M$120M$113M$138M$127M·
Long-term Debt $93M$83M$79M$18M···$27M$30M$47M$50M·
Total Debt $118M$106M$110M$18M$27M$27M$27M$27M$30M$27M··
Common Stock $87M$87M$87M$86M$86M$73M$67M$67M$66M$61M$57M·
Retained Earnings $-379M$-833M$-871M$-971M$-610M$-416M$-290M$-183M$-107M$-80M$-92M·
Treasury Stock ·········$2M$2M·
AOCI $-5M$-12M$-8M$-2M$6M$4M$-4M$-243.0K$5M$-4M$5M·
Stockholders' Equity $1.24B$760M$731M$610M$987M$484M$288M$389M$462M$184M$83M·
Liabilities + Equity $1.75B$1.27B$1.28B$1.03B$1.37B$724M$465M$532M$598M$342M$230M·
Shares Outstanding 872,328,000871,601,000871,256,000864,775,000864,531,000727,722,000666,906,000666,577,000664,470,000607,058,00056,533,00053,076,000
Cash Flow 14
Metric Trend 202520242023202220212020201920182017201620152014
D&A $13M$12M$8M$9M$7M$6M$5M$4M$3M$2M$2M$1M
Deferred Tax $-118.0K$5M$2M$-4M$-5M$3M$2M$2M$2M$3M$1M·
Other Non-cash $-596M$-117M$179M$146M$20M$84M$35M$44M$-1M$-24M··
Operating Cash Flow $-65M$497.0K$219M$-269M$-204M$-62M$-81M$-33M$-9M$-10M$-9M$8M
CapEx $14M$18M$33M$37M$16M$8M$9M$6M$5M$4M$3M$4M
Investing Cash Flow $-29M$-96M$-291M$297M$-306M$-125M$119M$44M$-261M$-34M$9M$-15M
Stock Issued $2M$790.0K$5M$174.0K$717M$319M$251.0K$4M$302M$111M$1M$3M
Stock Repurchased ·$36M$9M$48M$27M$13M$346.0K$5M$1M$604.0K$2M·
Net Stock Activity $2M$-35M$-4M$-48M$690M$306M$-95.0K$-2M$300M$110M··
Financing Cash Flow $8M$-31M$49M$-83M$650M$296M$-1M$-8M$273M$92M$-5M$-641.0K
Net Change in Cash $-83M$-130M$-30M$-64M$142M$114M$35M$771.0K$6M$47M$-7M$-8M
Taxes Paid $62M$4M$4M$19M$5M$6M$3M$4M$4M$3M$510.0K$-908.0K
Free Cash Flow $-79M$-17M$187M$-305M$-221M$-70M$-89M$-39M$-14M$-14M··
Levered FCF ··$186M$-306M$-221M$-71M$-91M$-40M$-16M$-15M··
Profitability 7
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin -7.1%-6.9%2.2%-95.6%-92.2%-86.3%-71.5%-43.3%-22.1%-21.6%··
Net Margin 83.3%6.0%12.0%-84.6%-54.7%-55.1%-51.7%-34.9%-11.1%5.4%··
Pretax Margin 90.9%-0.18%7.0%-96.2%-60.6%-83.2%-68.9%-40.5%-22.2%9.5%··
EBITDA Margin -4.7%-5.0%3.2%-93.6%-90.2%-83.6%-69.0%-41.6%-21.1%-20.5%··
ROA 30.2%2.9%8.7%-30.0%-18.6%-21.1%-21.3%-13.2%-5.7%4.1%··
ROE 45.7%5.1%15.0%-45.2%-26.5%-32.6%-31.3%-17.6%-8.3%8.7%··
ROIC -2.5%-37.8%2.0%-64.8%-34.2%-39.5%-47.6%-23.3%-11.5%-17.4%··
Liquidity & Solvency 5
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 5.02.82.72.43.93.42.84.34.11.8··
Quick Ratio 4.72.62.52.13.53.02.34.03.81.5··
Debt / Equity 0.10.10.20.00.00.10.10.10.10.1··
LT Debt / Equity 0.10.10.10.0·0.10.10.1·0.1··
Interest Coverage ··24.2-625.3-554.6-249.9-142.1-91.8-36.7-28.6··
Efficiency 3
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 0.40.50.70.40.30.40.40.40.50.8··
Inventory Turnover 7.36.9······13.813.3··
Receivables Turnover 3.94.67.84.75.45.25.05.46.15.8··
Per Share 5
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share $1.42$0.87$0.84$0.71$1.14$0.67$0.43$5.84$6.95$3.04··
Revenue / Share $0.63$0.72$0.96$0.50$0.45··$3.22$3.91$3.60··
Cash Flow / Share $-0.07$0.00$0.25$-0.32$-0.26··$-0.49$-0.14$-0.16··
Cash / Share $0.08$0.18$0.33$0.36$0.44$0.32$0.18$1.29$1.28$1.31··
EPS (TTM) $0.52$0.04$0.12$-0.43$-0.25$-0.18$-0.16$-1.13$-0.43$0.20··
Valuation (TTM) 14
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM $549M$630M$838M$426M$356M$228M$205M$214M$241M$216M··
Net Income TTM $457M$38M$101M$-361M$-195M$-126M$-106M$-75M$-27M$12M··
Market Cap $11.63B$12.56B$15.78B$12.78B$30.33B$23.30B$16.72B$1.54B$2.62B$824M··
Enterprise Value $10.38B$11.83B$15.00B$12.17B$29.34B$22.89B$16.53B$1.26B$2.29B$747M··
P/E 25.6360.2150.9-34.4-140.3-177.9-156.7-20.4-91.767.8··
P/S 21.219.918.830.085.2102.281.67.210.93.8··
P/B 9.416.521.620.930.748.158.14.05.74.5··
P / Tangible Book 9.516.621.721.130.848.5······
P / Cash Flow -179.825271.272.0-47.6-148.5-375.4-206.6-46.9-292.9-86.1··
P / FCF -147.6-720.384.5-41.9-137.5-332.8-186.9-39.3-187.6-59.3··
EV / EBITDA -401.5-377.2564.4-30.5-91.4-120.1-116.9-14.2-45.1-16.8··
EV / FCF -131.7-678.580.4-39.9-133.0-327.0-184.7-32.3-164.1-53.8··
EV / Revenue 18.918.817.928.582.4100.480.75.99.53.5··
Earnings Yield 3.9%0.28%0.66%-2.9%-0.71%-0.56%-0.64%-4.9%-1.1%1.5%··

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

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Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $549M $630M $838M $426M $356M
Operating Margin % -7.1% -6.9% 2.2% -95.6% -92.2%
Net Income $457M $38M $101M $-361M $-195M
Diluted EPS $0.52 $0.04 $0.12 $-0.43 $-0.25

Institutional owners (13F) 58 filers · $45.7M total · As of June 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 58
Value held $45.7M
New positions 9
Exited positions 4
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
9 (+1 vs prior Q) 4 (-1 vs prior Q) 14 (+1 vs prior Q) 23 (+4 vs prior Q) +134K

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
SCHRODER INVESTMENT MANAGEMENT GROUP $15,823,961 1,477,494 34.65% Shares
Allianz Asset Management GmbH $7,257,739 674,511 15.89% Shares
STATE STREET CORP $3,374,454 313,611 7.39% Shares
AIA Group Ltd $3,133,624 291,229 6.86% Shares
M&G PLC $2,670,701 242,791 5.85% Shares
Amundi $2,199,183 204,385 4.82% Shares
JANE STREET GROUP, LLC $2,092,519 194,472 4.58% Shares
RENAISSANCE TECHNOLOGIES LLC $1,400,952 130,200 3.07% Shares
BNP PARIBAS FINANCIAL MARKETS $1,123,613 104,425 2.46% Shares
XY Capital Ltd $1,120,439 104,130 2.45% Shares
Crossmark Global Holdings, Inc. $913,685 84,915 2.00% Shares
TWO SIGMA INVESTMENTS, LP $680,548 63,248 1.49% Shares
UBS Group AG $475,409 44,183 1.04% Shares
Vanguard Personalized Indexing Management, LLC $458,365 42,599 1.00% Shares
DIMENSIONAL FUND ADVISORS LP $419,285 38,967 0.92% Shares
CITADEL ADVISORS LLC $409,536 38,061 0.90% Shares
Vident Advisory, LLC $286,044 26,584 0.63% Shares
MILLENNIUM MANAGEMENT LLC $284,279 26,420 0.62% Shares
StoneX Group Inc. $213,563 18,262 0.47% Shares
GEODE CAPITAL MANAGEMENT, LLC $195,498 18,169 0.43% Shares
AMERIPRISE FINANCIAL INC $169,384 15,742 0.37% Shares
Summit Trail Advisors, LLC $140,848 13,090 0.31% Shares
BANK OF AMERICA CORP /DE/ $134,382 12,489 0.29% Shares
XTX Topco Ltd $133,521 12,409 0.29% Shares
Mariner, LLC $114,659 10,656 0.25% Shares
MORGAN STANLEY $91,944 8,545 0.20% Shares
Blue Trust, Inc. $82,938 7,708 0.18% Shares
ROYAL BANK OF CANADA $58,000 5,428 0.13% Shares
Russell Investments Group, Ltd. $51,633 4,821 0.11% Shares
RHUMBLINE ADVISERS $41,755 3,881 0.09% Shares
FMR LLC $32,097 2,983 0.07% Shares
Rockefeller Capital Management L.P. $11,632 1,081 0.03% Shares
Bell Investment Advisors, Inc $10,922 1,015 0.02% Shares
ASSETMARK, INC $8,737 812 0.02% Shares
BlackRock, Inc. $7,625 709 0.02% Shares
JPMORGAN CHASE & CO $6,405 598 0.01% Shares
Silver Grove Financial Group, Inc. $6,273 583 0.01% Shares
US BANCORP \DE\ $5,950 553 0.01% Shares
Arax Advisory Partners $4,304 400 0.01% Shares
North Star Investment Management Corp. $4,078 379 0.01% Shares
SIMPLEX TRADING, LLC $3,271 304 0.01% Shares
FIDUCIARY FINANCIAL ADVISORS $3,110 291 0.01% Shares
OSAIC HOLDINGS, INC. $2,485 231 0.01% Shares
CITIGROUP INC $2,055 191 0.00% Shares
Physician Wealth Advisors, Inc. $1,550 144 0.00% Shares
Cornerstone Financial Management LLC $1,442 134 0.00% Shares
Pinnacle Wealth Planning Services, Inc. $1,334 124 0.00% Shares
EverSource Wealth Advisors, LLC $990 92 0.00% Shares
ACADIAN ASSET MANAGEMENT LLC $696 65,166 0.00% Shares
Larson Financial Group LLC $387 36 0.00% Shares

Show all 58 institutional owners →

Activists & 5%+ owners 4 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
HUTCHMED Group Investment Limited (formerly known as “Hutchison China MediTech Investment Limited”), HUTCHMED (China) Limited Feb. 7, 2022 · Initial filing · SEC
Hutchison China MediTech Investment Limited, HUTCHMED (China) Limited Aug. 16, 2021 · Initial filing Passive investment SEC
General Atlantic Singapore HCM Pte. Ltd., General Atlantic Singapore Fund Pte. Ltd., General Atlantic Singapore Interholdco Ltd., General Atlantic Partners (Bermuda) IV, L.P., General Atlantic Partners (Bermuda) EU, L.P., General Atlantic Partners (Lux) SCSp, L.P., General Atlantic GenPar (Lux) SCSp, L.P., General Atlantic (Lux) S.à r.l., General Atlantic GenPar (Bermuda), L.P., GAP (Bermuda) Limited, General Atlantic LLC, GAP Coinvestments III, LLC, GAP Coinvestments IV, LLC, GAP Coinvestments V, LLC, GAP Coinvestments CDA, L.P. ×2 filings July 1, 2021 · Initial filing · SEC
Hutchison Healthcare Holdings Limited, Hutchison Whampoa (China) Limited, CK Hutchison Global Investments Limited, CK Hutchison Holdings Limited ×8 filings June 30, 2021 · Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 4 insiders · 4 officers · 2 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Chig Fung Cheng Acting CEO and CFO May 20, 2026 J · 0 0 $0
Wei-Guo Su CEO and CSO May 20, 2026 J · 0 0 $0
Lorenso Chiu Deputy Chief Financial Officer May 20, 2026 J · 0 0 $0
Charles George Rupert Nixon Group General Counsel May 20, 2026 J · 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 3 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
DFSE · Dimensional ETF Trust 0.00% 1,312 NS July 31, 2026 N-PORT
DFEM · Dimensional ETF Trust 0.00% 5,574 NS July 31, 2026 N-PORT
DFAX · Dimensional ETF Trust 0.00% 2,110 NS July 31, 2026 N-PORT

HCM Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 28 analysts BUY
Median target $19.50 +37.3%
10 35.7% Strong Buy
13 46.4% Buy
5 17.9% Hold
0 0.0% Sell
0 0.0% Strong Sell

12-Month Price Target

14 analysts · 2026-10-02

Mean target $22.01 +55.0%

Now Current price $14.20
Low$13.60 Mean$22.01 High$40.40

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
HCM $11.63B 25.6 · 83.3% 45.7% ·
RGC $8.43B -23.7 · · -54.8% ·

Latest News Recent headlines mentioning this company

23

My Metrics Your personal watchlist — selected rows from Full Fundamentals

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Source: SEC 20-F filed Mar 5, 2026