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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and ADTRAN Holdings, Inc. (ADTN). Click either name above to swap in a different company.

ADTRAN Holdings, Inc. is the larger business by last-quarter revenue ($291.6M vs $172.2M, roughly 1.7× Acadian Asset Management Inc.). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs -1.2%, a 21.4% gap on every dollar of revenue. On growth, ADTRAN Holdings, Inc. posted the faster year-over-year revenue change (20.1% vs 2.6%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs 13.5%).

United Asset Management was an American holding company headquartered in Boston, Massachusetts.

Adtran, Inc. is an American fiber networking and telecommunications company headquartered in Huntsville, Alabama. It is a vendor of both residential and enterprise networking equipment, along with administrative software for network management and deployment. Its customers include communications service providers, governments, enterprises and utilities.

AAMI vs ADTN — Head-to-Head

Bigger by revenue
ADTN
ADTN
1.7× larger
ADTN
$291.6M
$172.2M
AAMI
Growing faster (revenue YoY)
ADTN
ADTN
+17.4% gap
ADTN
20.1%
2.6%
AAMI
Higher net margin
AAMI
AAMI
21.4% more per $
AAMI
20.2%
-1.2%
ADTN
Faster 2-yr revenue CAGR
AAMI
AAMI
Annualised
AAMI
27.6%
13.5%
ADTN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AAMI
AAMI
ADTN
ADTN
Revenue
$172.2M
$291.6M
Net Profit
$34.7M
$-3.6M
Gross Margin
39.0%
Operating Margin
33.3%
1.5%
Net Margin
20.2%
-1.2%
Revenue YoY
2.6%
20.1%
Net Profit YoY
-18.4%
92.2%
EPS (diluted)
$0.97
$-0.02

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.

Revenue
AAMI
AAMI
ADTN
ADTN
Q4 25
$172.2M
$291.6M
Q3 25
$144.2M
$279.4M
Q2 25
$127.4M
$265.1M
Q1 25
$119.9M
$247.7M
Q4 24
$167.8M
$242.9M
Q3 24
$123.1M
$227.7M
Q2 24
$109.0M
$226.0M
Q1 24
$105.7M
$226.2M
Net Profit
AAMI
AAMI
ADTN
ADTN
Q4 25
$34.7M
$-3.6M
Q3 25
$15.1M
$-10.3M
Q2 25
$10.1M
$-20.5M
Q1 25
$20.1M
$-11.3M
Q4 24
$42.5M
$-46.1M
Q3 24
$16.9M
$-33.3M
Q2 24
$11.0M
$-49.7M
Q1 24
$14.6M
$-330.8M
Gross Margin
AAMI
AAMI
ADTN
ADTN
Q4 25
39.0%
Q3 25
38.3%
Q2 25
37.3%
Q1 25
38.4%
Q4 24
36.9%
Q3 24
36.5%
Q2 24
36.0%
Q1 24
31.1%
Operating Margin
AAMI
AAMI
ADTN
ADTN
Q4 25
33.3%
1.5%
Q3 25
18.4%
-1.0%
Q2 25
12.7%
-5.0%
Q1 25
26.6%
-1.6%
Q4 24
38.7%
-6.9%
Q3 24
21.9%
-11.5%
Q2 24
18.9%
-17.0%
Q1 24
21.7%
-153.1%
Net Margin
AAMI
AAMI
ADTN
ADTN
Q4 25
20.2%
-1.2%
Q3 25
10.5%
-3.7%
Q2 25
7.9%
-7.7%
Q1 25
16.8%
-4.5%
Q4 24
25.3%
-19.0%
Q3 24
13.7%
-14.6%
Q2 24
10.1%
-22.0%
Q1 24
13.8%
-146.2%
EPS (diluted)
AAMI
AAMI
ADTN
ADTN
Q4 25
$0.97
$-0.02
Q3 25
$0.42
$-0.12
Q2 25
$0.28
$-0.24
Q1 25
$0.54
$-0.14
Q4 24
$1.11
$-0.58
Q3 24
$0.45
$-0.38
Q2 24
$0.29
$-0.63
Q1 24
$0.37
$-4.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAMI
AAMI
ADTN
ADTN
Cash + ST InvestmentsLiquidity on hand
$95.7M
Total DebtLower is stronger
$200.0M
Stockholders' EquityBook value
$145.8M
Total Assets
$677.0M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAMI
AAMI
ADTN
ADTN
Q4 25
$95.7M
Q3 25
$93.7M
Q2 25
$106.3M
Q1 25
$101.3M
Q4 24
$76.0M
Q3 24
$88.5M
Q2 24
$111.2M
Q1 24
$106.8M
Total Debt
AAMI
AAMI
ADTN
ADTN
Q4 25
$200.0M
Q3 25
Q2 25
Q1 25
Q4 24
$275.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AAMI
AAMI
ADTN
ADTN
Q4 25
$145.8M
Q3 25
$141.6M
Q2 25
$169.6M
Q1 25
$138.9M
Q4 24
$127.0M
Q3 24
$205.6M
Q2 24
$213.6M
Q1 24
$260.8M
Total Assets
AAMI
AAMI
ADTN
ADTN
Q4 25
$677.0M
$1.2B
Q3 25
$751.4M
$1.2B
Q2 25
$672.3M
$1.2B
Q1 25
$677.3M
$1.2B
Q4 24
$703.2M
$1.2B
Q3 24
$555.2M
$1.3B
Q2 24
$533.1M
$1.3B
Q1 24
$544.9M
$1.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAMI
AAMI
ADTN
ADTN
Operating Cash FlowLast quarter
$-2.4M
$42.2M
Free Cash FlowOCF − Capex
$30.6M
FCF MarginFCF / Revenue
10.5%
Capex IntensityCapex / Revenue
4.0%
Cash ConversionOCF / Net Profit
-0.07×
TTM Free Cash FlowTrailing 4 quarters
$98.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
ADTN
ADTN
Q4 25
$-2.4M
$42.2M
Q3 25
$-23.9M
$12.2M
Q2 25
$61.6M
$32.2M
Q1 25
$-48.8M
$43.2M
Q4 24
$55.8M
$2.4M
Q3 24
$69.6M
$43.3M
Q2 24
$45.7M
$19.9M
Q1 24
$-40.4M
$37.9M
Free Cash Flow
AAMI
AAMI
ADTN
ADTN
Q4 25
$30.6M
Q3 25
$4.2M
Q2 25
$27.5M
Q1 25
$35.8M
Q4 24
$-895.0K
Q3 24
$37.1M
Q2 24
$8.4M
Q1 24
$24.4M
FCF Margin
AAMI
AAMI
ADTN
ADTN
Q4 25
10.5%
Q3 25
1.5%
Q2 25
10.4%
Q1 25
14.4%
Q4 24
-0.4%
Q3 24
16.3%
Q2 24
3.7%
Q1 24
10.8%
Capex Intensity
AAMI
AAMI
ADTN
ADTN
Q4 25
4.0%
Q3 25
2.9%
Q2 25
1.8%
Q1 25
3.0%
Q4 24
1.4%
Q3 24
2.7%
Q2 24
5.1%
Q1 24
6.0%
Cash Conversion
AAMI
AAMI
ADTN
ADTN
Q4 25
-0.07×
Q3 25
-1.58×
Q2 25
6.10×
Q1 25
-2.43×
Q4 24
1.31×
Q3 24
4.12×
Q2 24
4.15×
Q1 24
-2.77×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAMI
AAMI

Segment breakdown not available.

ADTN
ADTN

Subscriber Solutions$96.2M33%
Optical Networking Solutions$81.8M28%
Access Aggregation Solutions$64.6M22%
Services And Support$48.9M17%

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