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Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and AGNC Investment Corp. (AGNC). Click either name above to swap in a different company.
AGNC Investment Corp. is the larger business by last-quarter revenue ($206.0M vs $43.2M, roughly 4.8× ADAMAS TRUST, INC.). AGNC Investment Corp. runs the higher net margin — 463.1% vs 124.0%, a 339.1% gap on every dollar of revenue. On growth, AGNC Investment Corp. posted the faster year-over-year revenue change (79.1% vs 61.6%). Over the past eight quarters, AGNC Investment Corp.'s revenue compounded faster (187.1% CAGR vs 55.5%).
The Russell 1000 Index is a U.S. stock market index that tracks the largest 1,000 stocks in the Russell 3000 Index, which represent about 93% of the total market capitalization of that index. The index is market cap weighted, meaning larger companies have a greater influence on the index than smaller companies.
ADAM vs AGNC — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $43.2M | $206.0M |
| Net Profit | $53.5M | $954.0M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 124.0% | 463.1% |
| Revenue YoY | 61.6% | 79.1% |
| Net Profit YoY | 270.5% | 682.0% |
| EPS (diluted) | $0.45 | $0.90 |
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 | $43.2M | $206.0M | ||
| Q3 25 | $36.6M | $148.0M | ||
| Q2 25 | $36.4M | $162.0M | ||
| Q1 25 | $33.1M | $159.0M | ||
| Q4 24 | $26.7M | — | ||
| Q3 24 | $20.2M | $-64.0M | ||
| Q2 24 | $19.0M | $-3.0M | ||
| Q1 24 | $17.9M | $-30.0M |
| Q4 25 | $53.5M | $954.0M | ||
| Q3 25 | $44.8M | $806.0M | ||
| Q2 25 | $8.5M | $-140.0M | ||
| Q1 25 | $42.2M | $50.0M | ||
| Q4 24 | $-31.4M | — | ||
| Q3 24 | $42.8M | $346.0M | ||
| Q2 24 | $-15.6M | $-48.0M | ||
| Q1 24 | $-57.9M | $443.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -119.0% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -124.7% | — | ||
| Q1 24 | -448.8% | — |
| Q4 25 | 124.0% | 463.1% | ||
| Q3 25 | 122.5% | 544.6% | ||
| Q2 25 | 23.4% | -86.4% | ||
| Q1 25 | 127.4% | 31.4% | ||
| Q4 24 | -117.5% | — | ||
| Q3 24 | 211.7% | -540.6% | ||
| Q2 24 | -81.9% | 1600.0% | ||
| Q1 24 | -324.1% | -1476.7% |
| Q4 25 | $0.45 | $0.90 | ||
| Q3 25 | $0.36 | $0.72 | ||
| Q2 25 | $-0.04 | $-0.17 | ||
| Q1 25 | $0.33 | $0.02 | ||
| Q4 24 | $-0.46 | — | ||
| Q3 24 | $0.36 | $0.39 | ||
| Q2 24 | $-0.29 | $-0.11 | ||
| Q1 24 | $-0.75 | $0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $210.3M | $450.0M |
| Total DebtLower is stronger | $735.8M | — |
| Stockholders' EquityBook value | $1.4B | $12.4B |
| Total Assets | $12.6B | $115.1B |
| Debt / EquityLower = less leverage | 0.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.3M | $450.0M | ||
| Q3 25 | $185.3M | $450.0M | ||
| Q2 25 | $160.4M | $656.0M | ||
| Q1 25 | $177.1M | $455.0M | ||
| Q4 24 | $167.4M | — | ||
| Q3 24 | $195.1M | $507.0M | ||
| Q2 24 | $235.5M | $530.0M | ||
| Q1 24 | $226.9M | $505.0M |
| Q4 25 | $735.8M | — | ||
| Q3 25 | $766.6M | — | ||
| Q2 25 | $653.0M | — | ||
| Q1 25 | $654.4M | — | ||
| Q4 24 | $573.2M | — | ||
| Q3 24 | $699.4M | — | ||
| Q2 24 | $800.7M | — | ||
| Q1 24 | $1.0B | — |
| Q4 25 | $1.4B | $12.4B | ||
| Q3 25 | $1.4B | $11.4B | ||
| Q2 25 | $1.4B | $10.3B | ||
| Q1 25 | $1.4B | $10.0B | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | $9.7B | ||
| Q2 24 | $1.4B | $8.7B | ||
| Q1 24 | $1.5B | $8.6B |
| Q4 25 | $12.6B | $115.1B | ||
| Q3 25 | $12.4B | $109.0B | ||
| Q2 25 | $10.6B | $102.0B | ||
| Q1 25 | $10.0B | $95.9B | ||
| Q4 24 | $9.2B | — | ||
| Q3 24 | $8.9B | $89.6B | ||
| Q2 24 | $8.2B | $79.7B | ||
| Q1 24 | $7.4B | $71.9B |
| Q4 25 | 0.52× | — | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.67× | — |
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 | $62.1M | $128.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.16× | 0.13× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.1M | $128.0M | ||
| Q3 25 | $6.9M | $153.0M | ||
| Q2 25 | $39.2M | $180.0M | ||
| Q1 25 | $25.8M | $192.0M | ||
| Q4 24 | $29.1M | — | ||
| Q3 24 | $-922.0K | $7.0M | ||
| Q2 24 | $-993.0K | $-20.0M | ||
| Q1 24 | $-13.1M | $20.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $25.7M | — | ||
| Q3 24 | $-8.6M | — | ||
| Q2 24 | $-8.6M | — | ||
| Q1 24 | $-19.1M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 96.1% | — | ||
| Q3 24 | -42.3% | — | ||
| Q2 24 | -44.9% | — | ||
| Q1 24 | -107.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 12.9% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 39.7% | — | ||
| Q1 24 | 33.5% | — |
| Q4 25 | 1.16× | 0.13× | ||
| Q3 25 | 0.15× | 0.19× | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | 0.61× | 3.84× | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.02× | 0.02× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.05× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADAM
| Other | $19.6M | 45% |
| Constructive Loans LLC | $14.4M | 33% |
| Multifamily | $9.1M | 21% |
AGNC
Segment breakdown not available.
