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Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and Curbline Properties Corp. (CURB). Click either name above to swap in a different company.
Curbline Properties Corp. is the larger business by last-quarter revenue ($54.1M vs $43.2M, roughly 1.3× ADAMAS TRUST, INC.). ADAMAS TRUST, INC. runs the higher net margin — 124.0% vs 17.6%, a 106.3% gap on every dollar of revenue.
ADAM vs CURB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.2M | $54.1M |
| Net Profit | $53.5M | $9.6M |
| Gross Margin | — | — |
| Operating Margin | — | 17.8% |
| Net Margin | 124.0% | 17.6% |
| Revenue YoY | 61.6% | — |
| Net Profit YoY | 270.5% | — |
| EPS (diluted) | $0.45 | $0.08 |
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 | $54.1M | ||
| Q3 25 | $36.6M | $48.6M | ||
| Q2 25 | $36.4M | $41.4M | ||
| Q1 25 | $33.1M | $38.7M | ||
| Q4 24 | $26.7M | — | ||
| Q3 24 | $20.2M | $29.8M | ||
| Q2 24 | $19.0M | — | ||
| Q1 24 | $17.9M | — |
| Q4 25 | $53.5M | $9.6M | ||
| Q3 25 | $44.8M | $9.4M | ||
| Q2 25 | $8.5M | $10.4M | ||
| Q1 25 | $42.2M | $10.6M | ||
| Q4 24 | $-31.4M | — | ||
| Q3 24 | $42.8M | $-15.4M | ||
| Q2 24 | $-15.6M | — | ||
| Q1 24 | $-57.9M | — |
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 19.3% | ||
| Q2 25 | 11.7% | 25.3% | ||
| Q1 25 | — | 27.6% | ||
| Q4 24 | -119.0% | — | ||
| Q3 24 | — | -51.8% | ||
| Q2 24 | -124.7% | — | ||
| Q1 24 | -448.8% | — |
| Q4 25 | 124.0% | 17.6% | ||
| Q3 25 | 122.5% | 19.2% | ||
| Q2 25 | 23.4% | 25.1% | ||
| Q1 25 | 127.4% | 27.3% | ||
| Q4 24 | -117.5% | — | ||
| Q3 24 | 211.7% | -51.8% | ||
| Q2 24 | -81.9% | — | ||
| Q1 24 | -324.1% | — |
| Q4 25 | $0.45 | $0.08 | ||
| Q3 25 | $0.36 | $0.09 | ||
| Q2 25 | $-0.04 | $0.10 | ||
| Q1 25 | $0.33 | $0.10 | ||
| Q4 24 | $-0.46 | — | ||
| Q3 24 | $0.36 | $-0.15 | ||
| Q2 24 | $-0.29 | — | ||
| Q1 24 | $-0.75 | — |
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 | $289.6M |
| Total DebtLower is stronger | $735.8M | $423.2M |
| Stockholders' EquityBook value | $1.4B | $1.9B |
| Total Assets | $12.6B | $2.5B |
| Debt / EquityLower = less leverage | 0.52× | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.3M | $289.6M | ||
| Q3 25 | $185.3M | $430.1M | ||
| Q2 25 | $160.4M | $429.9M | ||
| Q1 25 | $177.1M | $594.0M | ||
| Q4 24 | $167.4M | — | ||
| Q3 24 | $195.1M | $2.5M | ||
| Q2 24 | $235.5M | — | ||
| Q1 24 | $226.9M | — |
| Q4 25 | $735.8M | $423.2M | ||
| Q3 25 | $766.6M | $396.4M | ||
| Q2 25 | $653.0M | $99.1M | ||
| Q1 25 | $654.4M | $99.0M | ||
| Q4 24 | $573.2M | — | ||
| Q3 24 | $699.4M | — | ||
| Q2 24 | $800.7M | — | ||
| Q1 24 | $1.0B | — |
| Q4 25 | $1.4B | $1.9B | ||
| Q3 25 | $1.4B | $1.9B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.4B | $1.9B | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.5B | — |
| Q4 25 | $12.6B | $2.5B | ||
| Q3 25 | $12.4B | $2.4B | ||
| Q2 25 | $10.6B | $2.1B | ||
| Q1 25 | $10.0B | $2.1B | ||
| Q4 24 | $9.2B | — | ||
| Q3 24 | $8.9B | $1.2B | ||
| Q2 24 | $8.2B | — | ||
| Q1 24 | $7.4B | — |
| Q4 25 | 0.52× | 0.22× | ||
| Q3 25 | 0.55× | 0.21× | ||
| Q2 25 | 0.47× | 0.05× | ||
| Q1 25 | 0.47× | 0.05× | ||
| 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 | $124.6M |
| Free Cash FlowOCF − Capex | $125.9M | — |
| FCF MarginFCF / Revenue | 291.6% | — |
| Capex IntensityCapex / Revenue | 18.9% | — |
| Cash ConversionOCF / Net Profit | 2.50× | 13.04× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $134.0M | $124.6M | ||
| Q3 25 | $6.9M | $39.2M | ||
| Q2 25 | $39.2M | $34.2M | ||
| Q1 25 | $25.8M | $25.4M | ||
| Q4 24 | $14.1M | — | ||
| Q3 24 | $-922.0K | — | ||
| Q2 24 | $-993.0K | — | ||
| Q1 24 | $-13.1M | — |
| Q4 25 | $125.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-10.6M | — | ||
| Q3 24 | $-8.6M | — | ||
| Q2 24 | $-8.6M | — | ||
| Q1 24 | $-19.1M | — |
| Q4 25 | 291.6% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -39.6% | — | ||
| Q3 24 | -42.3% | — | ||
| Q2 24 | -44.9% | — | ||
| Q1 24 | -107.0% | — |
| Q4 25 | 18.9% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 92.3% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 39.7% | — | ||
| Q1 24 | 33.5% | — |
| Q4 25 | 2.50× | 13.04× | ||
| Q3 25 | 0.15× | 4.19× | ||
| Q2 25 | 4.59× | 3.28× | ||
| Q1 25 | 0.61× | 2.40× | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.02× | — | ||
| 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% |
CURB
Segment breakdown not available.
