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Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and Consolidated Water Co. Ltd. (CWCO). Click either name above to swap in a different company.
ADAMAS TRUST, INC. is the larger business by last-quarter revenue ($43.2M vs $29.6M, roughly 1.5× Consolidated Water Co. Ltd.). ADAMAS TRUST, INC. runs the higher net margin — 124.0% vs 10.3%, a 113.7% gap on every dollar of revenue. On growth, ADAMAS TRUST, INC. posted the faster year-over-year revenue change (61.6% vs 4.4%). ADAMAS TRUST, INC. produced more free cash flow last quarter ($125.9M vs $3.4M). Over the past eight quarters, ADAMAS TRUST, INC.'s revenue compounded faster (55.5% CAGR vs -13.6%).
Coca-Cola Consolidated, Inc., headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States.
ADAM vs CWCO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.2M | $29.6M |
| Net Profit | $53.5M | $3.0M |
| Gross Margin | — | 34.7% |
| Operating Margin | — | 9.1% |
| Net Margin | 124.0% | 10.3% |
| Revenue YoY | 61.6% | 4.4% |
| Net Profit YoY | 270.5% | 91.5% |
| EPS (diluted) | $0.45 | $0.18 |
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 | $29.6M | ||
| Q3 25 | $36.6M | $35.1M | ||
| Q2 25 | $36.4M | $33.6M | ||
| Q1 25 | $33.1M | $33.7M | ||
| Q4 24 | $26.7M | $28.4M | ||
| Q3 24 | $20.2M | $33.4M | ||
| Q2 24 | $19.0M | $32.5M | ||
| Q1 24 | $17.9M | $39.7M |
| Q4 25 | $53.5M | $3.0M | ||
| Q3 25 | $44.8M | $5.5M | ||
| Q2 25 | $8.5M | $5.1M | ||
| Q1 25 | $42.2M | $4.8M | ||
| Q4 24 | $-31.4M | $1.6M | ||
| Q3 24 | $42.8M | $4.5M | ||
| Q2 24 | $-15.6M | $15.9M | ||
| Q1 24 | $-57.9M | $6.5M |
| Q4 25 | — | 34.7% | ||
| Q3 25 | — | 36.9% | ||
| Q2 25 | — | 38.2% | ||
| Q1 25 | — | 36.5% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 34.8% | ||
| Q2 24 | — | 35.8% | ||
| Q1 24 | — | 35.0% |
| Q4 25 | — | 9.1% | ||
| Q3 25 | — | 16.4% | ||
| Q2 25 | 11.7% | 15.7% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | -119.0% | 3.8% | ||
| Q3 24 | — | 14.6% | ||
| Q2 24 | -124.7% | 15.4% | ||
| Q1 24 | -448.8% | 18.4% |
| Q4 25 | 124.0% | 10.3% | ||
| Q3 25 | 122.5% | 15.8% | ||
| Q2 25 | 23.4% | 15.2% | ||
| Q1 25 | 127.4% | 14.2% | ||
| Q4 24 | -117.5% | 5.6% | ||
| Q3 24 | 211.7% | 13.3% | ||
| Q2 24 | -81.9% | 48.8% | ||
| Q1 24 | -324.1% | 16.3% |
| Q4 25 | $0.45 | $0.18 | ||
| Q3 25 | $0.36 | $0.34 | ||
| Q2 25 | $-0.04 | $0.32 | ||
| Q1 25 | $0.33 | $0.30 | ||
| Q4 24 | $-0.46 | $0.10 | ||
| Q3 24 | $0.36 | $0.28 | ||
| Q2 24 | $-0.29 | $0.99 | ||
| Q1 24 | $-0.75 | $0.40 |
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 | $123.8M |
| Total DebtLower is stronger | $735.8M | — |
| Stockholders' EquityBook value | $1.4B | $221.7M |
| Total Assets | $12.6B | $257.6M |
| Debt / EquityLower = less leverage | 0.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.3M | $123.8M | ||
| Q3 25 | $185.3M | $123.6M | ||
| Q2 25 | $160.4M | $112.2M | ||
| Q1 25 | $177.1M | $107.9M | ||
| Q4 24 | $167.4M | $99.4M | ||
| Q3 24 | $195.1M | $104.9M | ||
| Q2 24 | $235.5M | $96.7M | ||
| Q1 24 | $226.9M | $46.2M |
| 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 | $221.7M | ||
| Q3 25 | $1.4B | $220.4M | ||
| Q2 25 | $1.4B | $216.6M | ||
| Q1 25 | $1.4B | $213.3M | ||
| Q4 24 | $1.4B | $210.0M | ||
| Q3 24 | $1.4B | $209.8M | ||
| Q2 24 | $1.4B | $206.7M | ||
| Q1 24 | $1.5B | $192.1M |
| Q4 25 | $12.6B | $257.6M | ||
| Q3 25 | $12.4B | $257.2M | ||
| Q2 25 | $10.6B | $257.5M | ||
| Q1 25 | $10.0B | $250.4M | ||
| Q4 24 | $9.2B | $243.3M | ||
| Q3 24 | $8.9B | $238.4M | ||
| Q2 24 | $8.2B | $235.2M | ||
| Q1 24 | $7.4B | $223.2M |
| 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 | $5.8M |
| Free Cash FlowOCF − Capex | $125.9M | $3.4M |
| FCF MarginFCF / Revenue | 291.6% | 11.4% |
| Capex IntensityCapex / Revenue | 18.9% | 8.1% |
| Cash ConversionOCF / Net Profit | 2.50× | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | $33.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $134.0M | $5.8M | ||
| Q3 25 | $6.9M | $15.4M | ||
| Q2 25 | $39.2M | $8.8M | ||
| Q1 25 | $25.8M | $11.8M | ||
| Q4 24 | $14.1M | $-742.0K | ||
| Q3 24 | $-922.0K | $10.4M | ||
| Q2 24 | $-993.0K | $21.0M | ||
| Q1 24 | $-13.1M | $6.0M |
| Q4 25 | $125.9M | $3.4M | ||
| Q3 25 | — | $13.5M | ||
| Q2 25 | — | $6.1M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | $-10.6M | $-3.7M | ||
| Q3 24 | $-8.6M | $8.3M | ||
| Q2 24 | $-8.6M | $19.8M | ||
| Q1 24 | $-19.1M | $5.4M |
| Q4 25 | 291.6% | 11.4% | ||
| Q3 25 | — | 38.4% | ||
| Q2 25 | — | 18.3% | ||
| Q1 25 | — | 30.1% | ||
| Q4 24 | -39.6% | -13.0% | ||
| Q3 24 | -42.3% | 24.9% | ||
| Q2 24 | -44.9% | 60.8% | ||
| Q1 24 | -107.0% | 13.7% |
| Q4 25 | 18.9% | 8.1% | ||
| Q3 25 | — | 5.5% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | 92.3% | 10.4% | ||
| Q3 24 | 37.7% | 6.1% | ||
| Q2 24 | 39.7% | 3.7% | ||
| Q1 24 | 33.5% | 1.3% |
| Q4 25 | 2.50× | 1.90× | ||
| Q3 25 | 0.15× | 2.79× | ||
| Q2 25 | 4.59× | 1.72× | ||
| Q1 25 | 0.61× | 2.45× | ||
| Q4 24 | — | -0.47× | ||
| Q3 24 | -0.02× | 2.32× | ||
| Q2 24 | — | 1.32× | ||
| Q1 24 | — | 0.92× |
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% |
CWCO
| Services Revenues | $10.5M | 35% |
| Transferred At Point In Time | $8.5M | 29% |
| Operations And Maintenance | $8.4M | 28% |
| Transferred Over Time | $1.9M | 7% |
