vs
Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and AMERICAN SUPERCONDUCTOR CORP (AMSC). Click either name above to swap in a different company.
AMERICAN SUPERCONDUCTOR CORP is the larger business by last-quarter revenue ($74.5M vs $43.2M, roughly 1.7× ADAMAS TRUST, INC.). AMERICAN SUPERCONDUCTOR CORP runs the higher net margin — 158.1% vs 124.0%, a 34.1% gap on every dollar of revenue. On growth, ADAMAS TRUST, INC. posted the faster year-over-year revenue change (61.6% vs 21.4%). ADAMAS TRUST, INC. produced more free cash flow last quarter ($125.9M vs $2.4M). Over the past eight quarters, ADAMAS TRUST, INC.'s revenue compounded faster (55.5% CAGR vs 33.2%).
Anglo American plc is a British multinational mining company with headquarters in London, England. It is the world's largest producer of platinum, representing approximately 40 percent of global output, as well as being a major producer of diamonds, copper, nickel, iron ore, polyhalite and steelmaking coal. The company has operations in Africa, Asia, Australia, Europe, North America and South America.
ADAM vs AMSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $43.2M | $74.5M |
| Net Profit | $53.5M | $117.8M |
| Gross Margin | — | 30.7% |
| Operating Margin | — | 4.5% |
| Net Margin | 124.0% | 158.1% |
| Revenue YoY | 61.6% | 21.4% |
| Net Profit YoY | 270.5% | 4679.1% |
| EPS (diluted) | $0.45 | $2.62 |
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 | $74.5M | ||
| Q3 25 | $36.6M | $65.9M | ||
| Q2 25 | $36.4M | $72.4M | ||
| Q1 25 | $33.1M | $66.7M | ||
| Q4 24 | $26.7M | $61.4M | ||
| Q3 24 | $20.2M | $54.5M | ||
| Q2 24 | $19.0M | $40.3M | ||
| Q1 24 | $17.9M | $42.0M |
| Q4 25 | $53.5M | $117.8M | ||
| Q3 25 | $44.8M | $4.8M | ||
| Q2 25 | $8.5M | $6.7M | ||
| Q1 25 | $42.2M | $1.2M | ||
| Q4 24 | $-31.4M | $2.5M | ||
| Q3 24 | $42.8M | $4.9M | ||
| Q2 24 | $-15.6M | $-2.5M | ||
| Q1 24 | $-57.9M | $-1.6M |
| Q4 25 | — | 30.7% | ||
| Q3 25 | — | 31.0% | ||
| Q2 25 | — | 33.8% | ||
| Q1 25 | — | 26.5% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | — | 28.7% | ||
| Q2 24 | — | 30.3% | ||
| Q1 24 | — | 24.8% |
| Q4 25 | — | 4.5% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | 11.7% | 7.8% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | -119.0% | 2.1% | ||
| Q3 24 | — | -1.4% | ||
| Q2 24 | -124.7% | -8.2% | ||
| Q1 24 | -448.8% | -5.3% |
| Q4 25 | 124.0% | 158.1% | ||
| Q3 25 | 122.5% | 7.2% | ||
| Q2 25 | 23.4% | 9.3% | ||
| Q1 25 | 127.4% | 1.8% | ||
| Q4 24 | -117.5% | 4.0% | ||
| Q3 24 | 211.7% | 9.0% | ||
| Q2 24 | -81.9% | -6.3% | ||
| Q1 24 | -324.1% | -3.8% |
| Q4 25 | $0.45 | $2.62 | ||
| Q3 25 | $0.36 | $0.11 | ||
| Q2 25 | $-0.04 | $0.17 | ||
| Q1 25 | $0.33 | $0.04 | ||
| Q4 24 | $-0.46 | $0.06 | ||
| Q3 24 | $0.36 | $0.13 | ||
| Q2 24 | $-0.29 | $-0.07 | ||
| Q1 24 | $-0.75 | $-0.03 |
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 | $141.1M |
| Total DebtLower is stronger | $735.8M | — |
| Stockholders' EquityBook value | $1.4B | $536.8M |
| Total Assets | $12.6B | $719.5M |
| Debt / EquityLower = less leverage | 0.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.3M | $141.1M | ||
| Q3 25 | $185.3M | $212.9M | ||
| Q2 25 | $160.4M | $207.9M | ||
| Q1 25 | $177.1M | $79.5M | ||
| Q4 24 | $167.4M | $75.2M | ||
| Q3 24 | $195.1M | $72.1M | ||
| Q2 24 | $235.5M | $93.5M | ||
| Q1 24 | $226.9M | $90.5M |
| 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 | $536.8M | ||
| Q3 25 | $1.4B | $342.2M | ||
| Q2 25 | $1.4B | $333.1M | ||
| Q1 25 | $1.4B | $197.1M | ||
| Q4 24 | $1.4B | $192.7M | ||
| Q3 24 | $1.4B | $187.0M | ||
| Q2 24 | $1.4B | $143.3M | ||
| Q1 24 | $1.5B | $144.6M |
| Q4 25 | $12.6B | $719.5M | ||
| Q3 25 | $12.4B | $445.6M | ||
| Q2 25 | $10.6B | $452.8M | ||
| Q1 25 | $10.0B | $310.5M | ||
| Q4 24 | $9.2B | $310.3M | ||
| Q3 24 | $8.9B | $298.4M | ||
| Q2 24 | $8.2B | $240.1M | ||
| Q1 24 | $7.4B | $232.8M |
| 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 | $134.0M | $3.2M |
| Free Cash FlowOCF − Capex | $125.9M | $2.4M |
| FCF MarginFCF / Revenue | 291.6% | 3.2% |
| Capex IntensityCapex / Revenue | 18.9% | 1.2% |
| Cash ConversionOCF / Net Profit | 2.50× | 0.03× |
| TTM Free Cash FlowTrailing 4 quarters | — | $16.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $134.0M | $3.2M | ||
| Q3 25 | $6.9M | $6.5M | ||
| Q2 25 | $39.2M | $4.1M | ||
| Q1 25 | $25.8M | $6.3M | ||
| Q4 24 | $14.1M | $5.9M | ||
| Q3 24 | $-922.0K | $12.7M | ||
| Q2 24 | $-993.0K | $3.4M | ||
| Q1 24 | $-13.1M | $2.2M |
| Q4 25 | $125.9M | $2.4M | ||
| Q3 25 | — | $5.1M | ||
| Q2 25 | — | $3.3M | ||
| Q1 25 | — | $5.3M | ||
| Q4 24 | $-10.6M | $5.3M | ||
| Q3 24 | $-8.6M | $12.1M | ||
| Q2 24 | $-8.6M | $3.1M | ||
| Q1 24 | $-19.1M | $1.9M |
| Q4 25 | 291.6% | 3.2% | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | -39.6% | 8.7% | ||
| Q3 24 | -42.3% | 22.3% | ||
| Q2 24 | -44.9% | 7.8% | ||
| Q1 24 | -107.0% | 4.6% |
| Q4 25 | 18.9% | 1.2% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | 92.3% | 0.9% | ||
| Q3 24 | 37.7% | 1.1% | ||
| Q2 24 | 39.7% | 0.7% | ||
| Q1 24 | 33.5% | 0.7% |
| Q4 25 | 2.50× | 0.03× | ||
| Q3 25 | 0.15× | 1.37× | ||
| Q2 25 | 4.59× | 0.61× | ||
| Q1 25 | 0.61× | 5.22× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | -0.02× | 2.60× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
AMSC
| Equipment And Systems | $56.0M | 75% |
| Megatran | $14.1M | 19% |
| Comtrafo Industria De Transformadores Eletricos SA | $4.6M | 6% |
