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Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and HARTE HANKS INC (HHS). Click either name above to swap in a different company.
ADAMAS TRUST, INC. is the larger business by last-quarter revenue ($43.2M vs $39.9M, roughly 1.1× HARTE HANKS INC). ADAMAS TRUST, INC. runs the higher net margin — 124.0% vs 5.5%, a 118.5% gap on every dollar of revenue. On growth, ADAMAS TRUST, INC. posted the faster year-over-year revenue change (61.6% vs -15.4%). ADAMAS TRUST, INC. produced more free cash flow last quarter ($125.9M vs $-686.0K). Over the past eight quarters, ADAMAS TRUST, INC.'s revenue compounded faster (55.5% CAGR vs -6.4%).
Harte Hanks is a global marketing services company headquartered in Boston, Massachusetts. Harte Hanks services include analytics, strategy, marketing technology, creative services, digital marketing, customer care, direct mail, logistics, and fulfillment.
ADAM vs HHS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.2M | $39.9M |
| Net Profit | $53.5M | $2.2M |
| Gross Margin | — | — |
| Operating Margin | — | -0.3% |
| Net Margin | 124.0% | 5.5% |
| Revenue YoY | 61.6% | -15.4% |
| Net Profit YoY | 270.5% | — |
| EPS (diluted) | $0.45 | $0.30 |
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 | $39.9M | ||
| Q3 25 | $36.6M | $39.5M | ||
| Q2 25 | $36.4M | $38.6M | ||
| Q1 25 | $33.1M | $41.6M | ||
| Q4 24 | $26.7M | $47.1M | ||
| Q3 24 | $20.2M | $47.6M | ||
| Q2 24 | $19.0M | $45.0M | ||
| Q1 24 | $17.9M | $45.4M |
| Q4 25 | $53.5M | $2.2M | ||
| Q3 25 | $44.8M | $-2.3M | ||
| Q2 25 | $8.5M | $-335.0K | ||
| Q1 25 | $42.2M | $-392.0K | ||
| Q4 24 | $-31.4M | — | ||
| Q3 24 | $42.8M | $142.0K | ||
| Q2 24 | $-15.6M | $-27.8M | ||
| Q1 24 | $-57.9M | $-171.0K |
| Q4 25 | — | -0.3% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | 11.7% | 0.1% | ||
| Q1 25 | — | -0.1% | ||
| Q4 24 | -119.0% | -3.3% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | -124.7% | 3.0% | ||
| Q1 24 | -448.8% | 0.8% |
| Q4 25 | 124.0% | 5.5% | ||
| Q3 25 | 122.5% | -5.8% | ||
| Q2 25 | 23.4% | -0.9% | ||
| Q1 25 | 127.4% | -0.9% | ||
| Q4 24 | -117.5% | — | ||
| Q3 24 | 211.7% | 0.3% | ||
| Q2 24 | -81.9% | -61.8% | ||
| Q1 24 | -324.1% | -0.4% |
| Q4 25 | $0.45 | $0.30 | ||
| Q3 25 | $0.36 | $-0.31 | ||
| Q2 25 | $-0.04 | $-0.05 | ||
| Q1 25 | $0.33 | $-0.05 | ||
| Q4 24 | $-0.46 | $-0.31 | ||
| Q3 24 | $0.36 | $0.02 | ||
| Q2 24 | $-0.29 | $-3.84 | ||
| Q1 24 | $-0.75 | $-0.02 |
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 | $5.6M |
| Total DebtLower is stronger | $735.8M | — |
| Stockholders' EquityBook value | $1.4B | $20.5M |
| Total Assets | $12.6B | $91.8M |
| Debt / EquityLower = less leverage | 0.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.3M | $5.6M | ||
| Q3 25 | $185.3M | $6.5M | ||
| Q2 25 | $160.4M | $4.8M | ||
| Q1 25 | $177.1M | $9.0M | ||
| Q4 24 | $167.4M | $9.8M | ||
| Q3 24 | $195.1M | $5.9M | ||
| Q2 24 | $235.5M | $11.0M | ||
| Q1 24 | $226.9M | $11.5M |
| 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 | $20.5M | ||
| Q3 25 | $1.4B | $19.9M | ||
| Q2 25 | $1.4B | $22.2M | ||
| Q1 25 | $1.4B | $21.4M | ||
| Q4 24 | $1.4B | $21.7M | ||
| Q3 24 | $1.4B | $21.0M | ||
| Q2 24 | $1.4B | $20.6M | ||
| Q1 24 | $1.5B | $20.0M |
| Q4 25 | $12.6B | $91.8M | ||
| Q3 25 | $12.4B | $92.7M | ||
| Q2 25 | $10.6B | $95.0M | ||
| Q1 25 | $10.0B | $100.6M | ||
| Q4 24 | $9.2B | $101.8M | ||
| Q3 24 | $8.9B | $108.1M | ||
| Q2 24 | $8.2B | $109.7M | ||
| Q1 24 | $7.4B | $113.4M |
| 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 | $737.0K |
| Free Cash FlowOCF − Capex | $125.9M | $-686.0K |
| FCF MarginFCF / Revenue | 291.6% | -1.7% |
| Capex IntensityCapex / Revenue | 18.9% | 3.6% |
| Cash ConversionOCF / Net Profit | 2.50× | 0.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-4.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $134.0M | $737.0K | ||
| Q3 25 | $6.9M | $3.2M | ||
| Q2 25 | $39.2M | $-4.8M | ||
| Q1 25 | $25.8M | $-818.0K | ||
| Q4 24 | $14.1M | $4.0M | ||
| Q3 24 | $-922.0K | $-2.9M | ||
| Q2 24 | $-993.0K | $1.6M | ||
| Q1 24 | $-13.1M | $-5.7M |
| Q4 25 | $125.9M | $-686.0K | ||
| Q3 25 | — | $2.2M | ||
| Q2 25 | — | $-5.1M | ||
| Q1 25 | — | $-923.0K | ||
| Q4 24 | $-10.6M | $3.4M | ||
| Q3 24 | $-8.6M | $-4.9M | ||
| Q2 24 | $-8.6M | $926.0K | ||
| Q1 24 | $-19.1M | $-6.2M |
| Q4 25 | 291.6% | -1.7% | ||
| Q3 25 | — | 5.5% | ||
| Q2 25 | — | -13.1% | ||
| Q1 25 | — | -2.2% | ||
| Q4 24 | -39.6% | 7.3% | ||
| Q3 24 | -42.3% | -10.2% | ||
| Q2 24 | -44.9% | 2.1% | ||
| Q1 24 | -107.0% | -13.7% |
| Q4 25 | 18.9% | 3.6% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | 92.3% | 1.3% | ||
| Q3 24 | 37.7% | 4.0% | ||
| Q2 24 | 39.7% | 1.5% | ||
| Q1 24 | 33.5% | 1.2% |
| Q4 25 | 2.50× | 0.33× | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.02× | -20.76× | ||
| 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% |
HHS
| Fulfillment And Logistics Services | $17.3M | 43% |
| Customer Care | $13.7M | 34% |
| Other | $8.9M | 22% |
