vs
Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and SANDRIDGE ENERGY INC (SD). Click either name above to swap in a different company.
ADAMAS TRUST, INC. is the larger business by last-quarter revenue ($43.2M vs $39.4M, roughly 1.1× SANDRIDGE ENERGY INC). ADAMAS TRUST, INC. runs the higher net margin — 124.0% vs 54.9%, a 69.1% gap on every dollar of revenue. On growth, ADAMAS TRUST, INC. posted the faster year-over-year revenue change (61.6% vs 1.1%). ADAMAS TRUST, INC. produced more free cash flow last quarter ($125.9M vs $14.4M). Over the past eight quarters, ADAMAS TRUST, INC.'s revenue compounded faster (55.5% CAGR vs 14.1%).
SandRidge Energy, Inc. is a company engaged in hydrocarbon exploration in the Mid-Continent region of the United States. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma.
ADAM vs SD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.2M | $39.4M |
| Net Profit | $53.5M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | — | 38.5% |
| Net Margin | 124.0% | 54.9% |
| Revenue YoY | 61.6% | 1.1% |
| Net Profit YoY | 270.5% | 23.1% |
| EPS (diluted) | $0.45 | $0.59 |
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 | $39.4M | ||
| Q3 25 | $36.6M | $39.8M | ||
| Q2 25 | $36.4M | $34.5M | ||
| Q1 25 | $33.1M | $42.6M | ||
| Q4 24 | $26.7M | $39.0M | ||
| Q3 24 | $20.2M | $30.1M | ||
| Q2 24 | $19.0M | $26.0M | ||
| Q1 24 | $17.9M | $30.3M |
| Q4 25 | $53.5M | $21.6M | ||
| Q3 25 | $44.8M | $16.0M | ||
| Q2 25 | $8.5M | $19.6M | ||
| Q1 25 | $42.2M | $13.0M | ||
| Q4 24 | $-31.4M | $17.6M | ||
| Q3 24 | $42.8M | $25.5M | ||
| Q2 24 | $-15.6M | $8.8M | ||
| Q1 24 | $-57.9M | $11.1M |
| Q4 25 | — | 38.5% | ||
| Q3 25 | — | 37.8% | ||
| Q2 25 | 11.7% | 53.7% | ||
| Q1 25 | — | 28.6% | ||
| Q4 24 | -119.0% | 25.9% | ||
| Q3 24 | — | 28.3% | ||
| Q2 24 | -124.7% | 23.9% | ||
| Q1 24 | -448.8% | 27.8% |
| Q4 25 | 124.0% | 54.9% | ||
| Q3 25 | 122.5% | 40.1% | ||
| Q2 25 | 23.4% | 56.6% | ||
| Q1 25 | 127.4% | 30.6% | ||
| Q4 24 | -117.5% | 45.1% | ||
| Q3 24 | 211.7% | 84.8% | ||
| Q2 24 | -81.9% | 33.9% | ||
| Q1 24 | -324.1% | 36.7% |
| Q4 25 | $0.45 | $0.59 | ||
| Q3 25 | $0.36 | $0.43 | ||
| Q2 25 | $-0.04 | $0.53 | ||
| Q1 25 | $0.33 | $0.35 | ||
| Q4 24 | $-0.46 | $0.46 | ||
| Q3 24 | $0.36 | $0.69 | ||
| Q2 24 | $-0.29 | $0.24 | ||
| Q1 24 | $-0.75 | $0.30 |
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 | $111.0M |
| Total DebtLower is stronger | $735.8M | — |
| Stockholders' EquityBook value | $1.4B | $510.9M |
| Total Assets | $12.6B | $644.0M |
| Debt / EquityLower = less leverage | 0.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.3M | $111.0M | ||
| Q3 25 | $185.3M | $101.2M | ||
| Q2 25 | $160.4M | $102.8M | ||
| Q1 25 | $177.1M | $99.7M | ||
| Q4 24 | $167.4M | $98.1M | ||
| Q3 24 | $195.1M | $92.7M | ||
| Q2 24 | $235.5M | $209.9M | ||
| Q1 24 | $226.9M | $207.0M |
| 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 | $510.9M | ||
| Q3 25 | $1.4B | $492.4M | ||
| Q2 25 | $1.4B | $480.2M | ||
| Q1 25 | $1.4B | $464.9M | ||
| Q4 24 | $1.4B | $460.5M | ||
| Q3 24 | $1.4B | $446.8M | ||
| Q2 24 | $1.4B | $424.8M | ||
| Q1 24 | $1.5B | $419.7M |
| Q4 25 | $12.6B | $644.0M | ||
| Q3 25 | $12.4B | $619.0M | ||
| Q2 25 | $10.6B | $602.3M | ||
| Q1 25 | $10.0B | $588.3M | ||
| Q4 24 | $9.2B | $581.5M | ||
| Q3 24 | $8.9B | $565.2M | ||
| Q2 24 | $8.2B | $529.6M | ||
| Q1 24 | $7.4B | $527.4M |
| 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 | $31.7M |
| Free Cash FlowOCF − Capex | $125.9M | $14.4M |
| FCF MarginFCF / Revenue | 291.6% | 36.6% |
| Capex IntensityCapex / Revenue | 18.9% | 43.8% |
| Cash ConversionOCF / Net Profit | 2.50× | 1.46× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $134.0M | $31.7M | ||
| Q3 25 | $6.9M | $25.3M | ||
| Q2 25 | $39.2M | $22.9M | ||
| Q1 25 | $25.8M | $20.3M | ||
| Q4 24 | $14.1M | $26.0M | ||
| Q3 24 | $-922.0K | $20.8M | ||
| Q2 24 | $-993.0K | $11.4M | ||
| Q1 24 | $-13.1M | $15.7M |
| Q4 25 | $125.9M | $14.4M | ||
| Q3 25 | — | $5.9M | ||
| Q2 25 | — | $7.3M | ||
| Q1 25 | — | $13.9M | ||
| Q4 24 | $-10.6M | $13.2M | ||
| Q3 24 | $-8.6M | $10.8M | ||
| Q2 24 | $-8.6M | $9.0M | ||
| Q1 24 | $-19.1M | $14.6M |
| Q4 25 | 291.6% | 36.6% | ||
| Q3 25 | — | 14.9% | ||
| Q2 25 | — | 21.0% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | -39.6% | 33.8% | ||
| Q3 24 | -42.3% | 36.1% | ||
| Q2 24 | -44.9% | 34.5% | ||
| Q1 24 | -107.0% | 48.1% |
| Q4 25 | 18.9% | 43.8% | ||
| Q3 25 | — | 48.6% | ||
| Q2 25 | — | 45.2% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | 92.3% | 32.9% | ||
| Q3 24 | 37.7% | 33.3% | ||
| Q2 24 | 39.7% | 9.4% | ||
| Q1 24 | 33.5% | 3.7% |
| Q4 25 | 2.50× | 1.46× | ||
| Q3 25 | 0.15× | 1.58× | ||
| Q2 25 | 4.59× | 1.17× | ||
| Q1 25 | 0.61× | 1.56× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | -0.02× | 0.82× | ||
| Q2 24 | — | 1.30× | ||
| Q1 24 | — | 1.41× |
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% |
SD
| Oil Reserves | $19.0M | 48% |
| Natural Gas Reserves | $11.6M | 30% |
| Natural Gas Liquids Reserves | $8.7M | 22% |
