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Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and NPK International Inc. (NPKI). Click either name above to swap in a different company.
NPK International Inc. is the larger business by last-quarter revenue ($75.2M vs $43.2M, roughly 1.7× ADAMAS TRUST, INC.). On growth, ADAMAS TRUST, INC. posted the faster year-over-year revenue change (61.6% vs 30.7%). ADAMAS TRUST, INC. produced more free cash flow last quarter ($125.9M vs $5.8M). Over the past eight quarters, ADAMAS TRUST, INC.'s revenue compounded faster (55.5% CAGR vs 23.9%).
ADAM vs NPKI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.2M | $75.2M |
| Net Profit | $53.5M | — |
| Gross Margin | — | 37.7% |
| Operating Margin | — | 16.7% |
| Net Margin | 124.0% | — |
| Revenue YoY | 61.6% | 30.7% |
| Net Profit YoY | 270.5% | — |
| EPS (diluted) | $0.45 | $0.17 |
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 | $75.2M | ||
| Q3 25 | $36.6M | $68.8M | ||
| Q2 25 | $36.4M | $68.2M | ||
| Q1 25 | $33.1M | $64.8M | ||
| Q4 24 | $26.7M | $57.5M | ||
| Q3 24 | $20.2M | $44.2M | ||
| Q2 24 | $19.0M | $66.8M | ||
| Q1 24 | $17.9M | $49.0M |
| Q4 25 | $53.5M | — | ||
| Q3 25 | $44.8M | $5.7M | ||
| Q2 25 | $8.5M | $8.7M | ||
| Q1 25 | $42.2M | $10.0M | ||
| Q4 24 | $-31.4M | — | ||
| Q3 24 | $42.8M | $-174.3M | ||
| Q2 24 | $-15.6M | $8.0M | ||
| Q1 24 | $-57.9M | $7.3M |
| Q4 25 | — | 37.7% | ||
| Q3 25 | — | 31.9% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | — | 39.0% | ||
| Q4 24 | — | 39.2% | ||
| Q3 24 | — | 27.5% | ||
| Q2 24 | — | 37.2% | ||
| Q1 24 | — | 36.0% |
| Q4 25 | — | 16.7% | ||
| Q3 25 | — | 13.2% | ||
| Q2 25 | 11.7% | 17.0% | ||
| Q1 25 | — | 20.9% | ||
| Q4 24 | -119.0% | 20.2% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | -124.7% | 18.7% | ||
| Q1 24 | -448.8% | 14.2% |
| Q4 25 | 124.0% | — | ||
| Q3 25 | 122.5% | 8.2% | ||
| Q2 25 | 23.4% | 12.7% | ||
| Q1 25 | 127.4% | 15.4% | ||
| Q4 24 | -117.5% | — | ||
| Q3 24 | 211.7% | -394.3% | ||
| Q2 24 | -81.9% | 12.0% | ||
| Q1 24 | -324.1% | 14.9% |
| Q4 25 | $0.45 | $0.17 | ||
| Q3 25 | $0.36 | $0.07 | ||
| Q2 25 | $-0.04 | $0.10 | ||
| Q1 25 | $0.33 | $0.11 | ||
| Q4 24 | $-0.46 | $0.10 | ||
| Q3 24 | $0.36 | $-1.99 | ||
| Q2 24 | $-0.29 | $0.09 | ||
| Q1 24 | $-0.75 | $0.08 |
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 | $5.1M |
| Total DebtLower is stronger | $735.8M | $16.9M |
| Stockholders' EquityBook value | $1.4B | $351.2M |
| Total Assets | $12.6B | $441.8M |
| Debt / EquityLower = less leverage | 0.52× | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.3M | $5.1M | ||
| Q3 25 | $185.3M | $35.6M | ||
| Q2 25 | $160.4M | $26.0M | ||
| Q1 25 | $177.1M | $20.8M | ||
| Q4 24 | $167.4M | $17.8M | ||
| Q3 24 | $195.1M | $42.9M | ||
| Q2 24 | $235.5M | $35.1M | ||
| Q1 24 | $226.9M | $37.7M |
| Q4 25 | $735.8M | $16.9M | ||
| Q3 25 | $766.6M | $9.5M | ||
| Q2 25 | $653.0M | $9.3M | ||
| Q1 25 | $654.4M | $8.1M | ||
| Q4 24 | $573.2M | $7.7M | ||
| Q3 24 | $699.4M | $14.0M | ||
| Q2 24 | $800.7M | $58.0M | ||
| Q1 24 | $1.0B | $77.4M |
| Q4 25 | $1.4B | $351.2M | ||
| Q3 25 | $1.4B | $333.9M | ||
| Q2 25 | $1.4B | $328.8M | ||
| Q1 25 | $1.4B | $326.9M | ||
| Q4 24 | $1.4B | $326.5M | ||
| Q3 24 | $1.4B | $316.5M | ||
| Q2 24 | $1.4B | $426.6M | ||
| Q1 24 | $1.5B | $421.6M |
| Q4 25 | $12.6B | $441.8M | ||
| Q3 25 | $12.4B | $404.5M | ||
| Q2 25 | $10.6B | $393.7M | ||
| Q1 25 | $10.0B | $390.0M | ||
| Q4 24 | $9.2B | $393.7M | ||
| Q3 24 | $8.9B | $389.6M | ||
| Q2 24 | $8.2B | $624.8M | ||
| Q1 24 | $7.4B | $640.8M |
| Q4 25 | 0.52× | 0.05× | ||
| Q3 25 | 0.55× | 0.03× | ||
| Q2 25 | 0.47× | 0.03× | ||
| Q1 25 | 0.47× | 0.02× | ||
| Q4 24 | 0.41× | 0.02× | ||
| Q3 24 | 0.48× | 0.04× | ||
| Q2 24 | 0.56× | 0.14× | ||
| Q1 24 | 0.67× | 0.18× |
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 | $18.0M |
| Free Cash FlowOCF − Capex | $125.9M | $5.8M |
| FCF MarginFCF / Revenue | 291.6% | 7.6% |
| Capex IntensityCapex / Revenue | 18.9% | 16.3% |
| Cash ConversionOCF / Net Profit | 2.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $26.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $134.0M | $18.0M | ||
| Q3 25 | $6.9M | $24.7M | ||
| Q2 25 | $39.2M | $21.4M | ||
| Q1 25 | $25.8M | $8.8M | ||
| Q4 24 | $14.1M | $-4.1M | ||
| Q3 24 | $-922.0K | $2.8M | ||
| Q2 24 | $-993.0K | $27.6M | ||
| Q1 24 | $-13.1M | $11.9M |
| Q4 25 | $125.9M | $5.8M | ||
| Q3 25 | — | $12.0M | ||
| Q2 25 | — | $9.7M | ||
| Q1 25 | — | $-1.2M | ||
| Q4 24 | $-10.6M | $-17.7M | ||
| Q3 24 | $-8.6M | $-6.7M | ||
| Q2 24 | $-8.6M | $21.0M | ||
| Q1 24 | $-19.1M | $-1.9M |
| Q4 25 | 291.6% | 7.6% | ||
| Q3 25 | — | 17.4% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | — | -1.8% | ||
| Q4 24 | -39.6% | -30.8% | ||
| Q3 24 | -42.3% | -15.2% | ||
| Q2 24 | -44.9% | 31.4% | ||
| Q1 24 | -107.0% | -3.9% |
| Q4 25 | 18.9% | 16.3% | ||
| Q3 25 | — | 18.5% | ||
| Q2 25 | — | 17.1% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | 92.3% | 23.6% | ||
| Q3 24 | 37.7% | 21.4% | ||
| Q2 24 | 39.7% | 9.9% | ||
| Q1 24 | 33.5% | 28.3% |
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | 4.37× | ||
| Q2 25 | 4.59× | 2.47× | ||
| Q1 25 | 0.61× | 0.88× | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.02× | — | ||
| Q2 24 | — | 3.43× | ||
| Q1 24 | — | 1.64× |
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% |
NPKI
| Rental Revenue | $34.8M | 46% |
| Products | $25.5M | 34% |
| Services | $14.9M | 20% |
