vs
Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and Quipt Home Medical Corp. (QIPT). Click either name above to swap in a different company.
Quipt Home Medical Corp. is the larger business by last-quarter revenue ($49.0M vs $43.2M, roughly 1.1× ADAMAS TRUST, INC.). ADAMAS TRUST, INC. runs the higher net margin — 124.0% vs -2.1%, a 126.1% gap on every dollar of revenue. On growth, ADAMAS TRUST, INC. posted the faster year-over-year revenue change (61.6% vs 32.3%). ADAMAS TRUST, INC. produced more free cash flow last quarter ($125.9M vs $6.9M).
Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.
ADAM vs QIPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $43.2M | $49.0M |
| Net Profit | $53.5M | $-1.1M |
| Gross Margin | — | 53.5% |
| Operating Margin | — | 2.1% |
| Net Margin | 124.0% | -2.1% |
| Revenue YoY | 61.6% | 32.3% |
| Net Profit YoY | 270.5% | 2.9% |
| EPS (diluted) | $0.45 | $-0.02 |
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 | $49.0M | ||
| Q3 25 | $36.6M | $39.8M | ||
| Q2 25 | $36.4M | $35.1M | ||
| Q1 25 | $33.1M | $33.3M | ||
| Q4 24 | $26.7M | $37.1M | ||
| Q3 24 | $20.2M | — | ||
| Q2 24 | $19.0M | — | ||
| Q1 24 | $17.9M | — |
| Q4 25 | $53.5M | $-1.1M | ||
| Q3 25 | $44.8M | $-3.5M | ||
| Q2 25 | $8.5M | $-3.0M | ||
| Q1 25 | $42.2M | $-3.0M | ||
| Q4 24 | $-31.4M | $-1.1M | ||
| Q3 24 | $42.8M | — | ||
| Q2 24 | $-15.6M | — | ||
| Q1 24 | $-57.9M | — |
| Q4 25 | — | 53.5% | ||
| Q3 25 | — | 48.7% | ||
| Q2 25 | — | 57.6% | ||
| Q1 25 | — | 54.6% | ||
| Q4 24 | — | 52.1% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | -3.6% | ||
| Q2 25 | 11.7% | -5.2% | ||
| Q1 25 | — | -3.0% | ||
| Q4 24 | -119.0% | 1.2% | ||
| Q3 24 | — | — | ||
| Q2 24 | -124.7% | — | ||
| Q1 24 | -448.8% | — |
| Q4 25 | 124.0% | -2.1% | ||
| Q3 25 | 122.5% | -8.9% | ||
| Q2 25 | 23.4% | -8.6% | ||
| Q1 25 | 127.4% | -9.1% | ||
| Q4 24 | -117.5% | -2.9% | ||
| Q3 24 | 211.7% | — | ||
| Q2 24 | -81.9% | — | ||
| Q1 24 | -324.1% | — |
| Q4 25 | $0.45 | $-0.02 | ||
| Q3 25 | $0.36 | $-0.07 | ||
| Q2 25 | $-0.04 | $-0.07 | ||
| Q1 25 | $0.33 | $-0.07 | ||
| Q4 24 | $-0.46 | $-0.03 | ||
| Q3 24 | $0.36 | — | ||
| 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 | $10.5M |
| Total DebtLower is stronger | $735.8M | $84.0M |
| Stockholders' EquityBook value | $1.4B | $113.0M |
| Total Assets | $12.6B | $280.7M |
| Debt / EquityLower = less leverage | 0.52× | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.3M | $10.5M | ||
| Q3 25 | $185.3M | $12.9M | ||
| Q2 25 | $160.4M | $11.3M | ||
| Q1 25 | $177.1M | $17.1M | ||
| Q4 24 | $167.4M | $15.5M | ||
| Q3 24 | $195.1M | — | ||
| Q2 24 | $235.5M | — | ||
| Q1 24 | $226.9M | — |
| Q4 25 | $735.8M | $84.0M | ||
| Q3 25 | $766.6M | $87.6M | ||
| Q2 25 | $653.0M | $66.0M | ||
| Q1 25 | $654.4M | $71.5M | ||
| Q4 24 | $573.2M | $70.6M | ||
| Q3 24 | $699.4M | — | ||
| Q2 24 | $800.7M | — | ||
| Q1 24 | $1.0B | — |
| Q4 25 | $1.4B | $113.0M | ||
| Q3 25 | $1.4B | $112.1M | ||
| Q2 25 | $1.4B | $102.5M | ||
| Q1 25 | $1.4B | $103.6M | ||
| Q4 24 | $1.4B | $106.3M | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.5B | — |
| Q4 25 | $12.6B | $280.7M | ||
| Q3 25 | $12.4B | $283.3M | ||
| Q2 25 | $10.6B | $236.1M | ||
| Q1 25 | $10.0B | $244.6M | ||
| Q4 24 | $9.2B | $242.8M | ||
| Q3 24 | $8.9B | — | ||
| Q2 24 | $8.2B | — | ||
| Q1 24 | $7.4B | — |
| Q4 25 | 0.52× | 0.74× | ||
| Q3 25 | 0.55× | 0.78× | ||
| Q2 25 | 0.47× | 0.64× | ||
| Q1 25 | 0.47× | 0.69× | ||
| Q4 24 | 0.41× | 0.66× | ||
| 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 | $8.9M |
| Free Cash FlowOCF − Capex | $125.9M | $6.9M |
| FCF MarginFCF / Revenue | 291.6% | 14.0% |
| Capex IntensityCapex / Revenue | 18.9% | 4.2% |
| Cash ConversionOCF / Net Profit | 2.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $26.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $134.0M | $8.9M | ||
| Q3 25 | $6.9M | $9.8M | ||
| Q2 25 | $39.2M | $9.7M | ||
| Q1 25 | $25.8M | $8.9M | ||
| Q4 24 | $14.1M | $9.3M | ||
| Q3 24 | $-922.0K | — | ||
| Q2 24 | $-993.0K | — | ||
| Q1 24 | $-13.1M | — |
| Q4 25 | $125.9M | $6.9M | ||
| Q3 25 | — | $8.0M | ||
| Q2 25 | — | $4.4M | ||
| Q1 25 | — | $7.3M | ||
| Q4 24 | $-10.6M | $5.6M | ||
| Q3 24 | $-8.6M | — | ||
| Q2 24 | $-8.6M | — | ||
| Q1 24 | $-19.1M | — |
| Q4 25 | 291.6% | 14.0% | ||
| Q3 25 | — | 20.0% | ||
| Q2 25 | — | 12.6% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | -39.6% | 15.2% | ||
| Q3 24 | -42.3% | — | ||
| Q2 24 | -44.9% | — | ||
| Q1 24 | -107.0% | — |
| Q4 25 | 18.9% | 4.2% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 14.9% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | 92.3% | 9.9% | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 39.7% | — | ||
| Q1 24 | 33.5% | — |
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | 0.61× | — | ||
| 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% |
QIPT
Segment breakdown not available.
