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Side-by-side financial comparison of Ares Commercial Real Estate Corp (ACRE) and ADC Therapeutics SA (ADCT). Click either name above to swap in a different company.
ADC Therapeutics SA is the larger business by last-quarter revenue ($23.1M vs $13.2M, roughly 1.7× Ares Commercial Real Estate Corp). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs -24.5%). Over the past eight quarters, ADC Therapeutics SA's revenue compounded faster (13.7% CAGR vs -15.9%).
Ares Commercial Real Estate Corp is a specialty finance company focused on the commercial real estate sector. It offers a full suite of customized financing solutions including senior mortgage loans, subordinated debt and preferred equity, primarily serving middle-market commercial property owners and operators across the United States.
ADC Telecommunications, Inc. was a communications company in Eden Prairie, Minnesota, a southwest suburb of Minneapolis. It was acquired by TE Connectivity in December 2010 and ceased to exist as a separate entity. ADC products were sold by CommScope after it acquired the Broadband Network Solutions business unit from TE Connectivity in August 2015.
ACRE vs ADCT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.2M | $23.1M |
| Net Profit | $-3.9M | — |
| Gross Margin | — | — |
| Operating Margin | -29.2% | -77.7% |
| Net Margin | -29.2% | — |
| Revenue YoY | -24.5% | 36.4% |
| Net Profit YoY | 63.8% | — |
| EPS (diluted) | — | $0.04 |
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.
| Q4 25 | $13.2M | $23.1M | ||
| Q3 25 | $14.1M | $15.8M | ||
| Q2 25 | $12.6M | $18.1M | ||
| Q1 25 | $14.9M | $17.4M | ||
| Q4 24 | $17.5M | $16.9M | ||
| Q3 24 | $16.7M | $18.0M | ||
| Q2 24 | $16.8M | $17.0M | ||
| Q1 24 | $18.7M | $17.8M |
| Q4 25 | $-3.9M | — | ||
| Q3 25 | $4.7M | $-41.0M | ||
| Q2 25 | $-11.0M | $-56.6M | ||
| Q1 25 | $9.3M | $-38.6M | ||
| Q4 24 | $-10.7M | — | ||
| Q3 24 | $-5.9M | $-44.0M | ||
| Q2 24 | $-6.1M | $-36.5M | ||
| Q1 24 | $-12.3M | $-46.6M |
| Q4 25 | -29.2% | -77.7% | ||
| Q3 25 | 33.0% | -196.6% | ||
| Q2 25 | -87.8% | -244.1% | ||
| Q1 25 | 64.4% | -163.5% | ||
| Q4 24 | -61.0% | -191.8% | ||
| Q3 24 | -35.3% | -197.4% | ||
| Q2 24 | -36.5% | -170.5% | ||
| Q1 24 | -65.9% | -188.3% |
| Q4 25 | -29.2% | — | ||
| Q3 25 | 33.0% | -260.1% | ||
| Q2 25 | -87.8% | -313.2% | ||
| Q1 25 | 62.5% | -221.8% | ||
| Q4 24 | -60.9% | — | ||
| Q3 24 | -35.3% | -244.1% | ||
| Q2 24 | -36.5% | -214.6% | ||
| Q1 24 | -65.9% | -261.1% |
| Q4 25 | — | $0.04 | ||
| Q3 25 | — | $-0.30 | ||
| Q2 25 | — | $-0.50 | ||
| Q1 25 | — | $-0.36 | ||
| Q4 24 | — | $-0.26 | ||
| Q3 24 | — | $-0.42 | ||
| Q2 24 | — | $-0.38 | ||
| Q1 24 | — | $-0.56 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.3M | $261.3M |
| Total DebtLower is stronger | $948.2M | — |
| Stockholders' EquityBook value | $509.6M | $-185.8M |
| Total Assets | $1.6B | $323.1M |
| Debt / EquityLower = less leverage | 1.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | $261.3M | ||
| Q3 25 | $84.9M | $234.7M | ||
| Q2 25 | $90.0M | $264.6M | ||
| Q1 25 | $125.5M | $194.7M | ||
| Q4 24 | $63.8M | $250.9M | ||
| Q3 24 | $68.9M | $274.3M | ||
| Q2 24 | $70.6M | $300.1M | ||
| Q1 24 | $99.5M | $234.3M |
| Q4 25 | $948.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $718.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $509.6M | $-185.8M | ||
| Q3 25 | $521.0M | $-238.2M | ||
| Q2 25 | $523.7M | $-199.2M | ||
| Q1 25 | $542.1M | $-238.2M | ||
| Q4 24 | $540.1M | $-202.6M | ||
| Q3 24 | $563.8M | $-171.9M | ||
| Q2 24 | $582.3M | $-131.7M | ||
| Q1 24 | $601.1M | $-194.4M |
| Q4 25 | $1.6B | $323.1M | ||
| Q3 25 | $1.4B | $289.8M | ||
| Q2 25 | $1.4B | $321.6M | ||
| Q1 25 | $1.5B | $272.5M | ||
| Q4 24 | $1.8B | $322.0M | ||
| Q3 24 | $1.9B | $349.1M | ||
| Q2 24 | $2.1B | $371.8M | ||
| Q1 24 | $2.1B | $308.0M |
| Q4 25 | 1.86× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $21.4M | $-31.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.4M | $-31.1M | ||
| Q3 25 | $3.8M | $-29.6M | ||
| Q2 25 | $4.9M | $-24.1M | ||
| Q1 25 | $8.0M | $-56.3M | ||
| Q4 24 | $35.5M | $-21.9M | ||
| Q3 24 | $8.4M | $-25.0M | ||
| Q2 24 | $8.7M | $-32.8M | ||
| Q1 24 | $11.4M | $-44.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-56.6M | ||
| Q4 24 | — | $-21.9M | ||
| Q3 24 | — | $-25.3M | ||
| Q2 24 | — | $-32.9M | ||
| Q1 24 | — | $-44.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -325.2% | ||
| Q4 24 | — | -129.8% | ||
| Q3 24 | — | -140.2% | ||
| Q2 24 | — | -193.0% | ||
| Q1 24 | — | -250.0% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 3.0% |
| Q4 25 | — | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
