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Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and AMTECH SYSTEMS INC (ASYS). Click either name above to swap in a different company.

ADC Therapeutics SA is the larger business by last-quarter revenue ($23.1M vs $19.0M, roughly 1.2× AMTECH SYSTEMS INC). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs -22.2%). Over the past eight quarters, ADC Therapeutics SA's revenue compounded faster (13.7% CAGR vs -13.6%).

ADC Telecommunications, Inc. was a communications company in Eden Prairie, Minnesota, a southwest suburb of Minneapolis. It was acquired by TE Connectivity in December 2010 and ceased to exist as a separate entity. ADC products were sold by CommScope after it acquired the Broadband Network Solutions business unit from TE Connectivity in August 2015.

Amtech Systems Inc is a global manufacturer of advanced thermal processing and automation equipment primarily serving the semiconductor, solar photovoltaic, and LED production sectors. Its product portfolio includes soldering, diffusion, and deposition systems, with key markets spanning North America, East Asia, and Western Europe, catering to leading electronic component and clean energy manufacturing clients.

ADCT vs ASYS — Head-to-Head

Bigger by revenue
ADCT
ADCT
1.2× larger
ADCT
$23.1M
$19.0M
ASYS
Growing faster (revenue YoY)
ADCT
ADCT
+58.6% gap
ADCT
36.4%
-22.2%
ASYS
Faster 2-yr revenue CAGR
ADCT
ADCT
Annualised
ADCT
13.7%
-13.6%
ASYS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ADCT
ADCT
ASYS
ASYS
Revenue
$23.1M
$19.0M
Net Profit
$108.0K
Gross Margin
44.8%
Operating Margin
-77.7%
4.1%
Net Margin
0.6%
Revenue YoY
36.4%
-22.2%
Net Profit YoY
-65.4%
EPS (diluted)
$0.04
$0.01

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.

Revenue
ADCT
ADCT
ASYS
ASYS
Q4 25
$23.1M
$19.0M
Q3 25
$15.8M
$19.8M
Q2 25
$18.1M
$19.6M
Q1 25
$17.4M
$15.6M
Q4 24
$16.9M
$24.4M
Q3 24
$18.0M
$24.1M
Q2 24
$17.0M
$26.7M
Q1 24
$17.8M
$25.4M
Net Profit
ADCT
ADCT
ASYS
ASYS
Q4 25
$108.0K
Q3 25
$-41.0M
$1.1M
Q2 25
$-56.6M
$106.0K
Q1 25
$-38.6M
$-31.8M
Q4 24
$312.0K
Q3 24
$-44.0M
$-536.0K
Q2 24
$-36.5M
$438.0K
Q1 24
$-46.6M
$970.0K
Gross Margin
ADCT
ADCT
ASYS
ASYS
Q4 25
44.8%
Q3 25
44.4%
Q2 25
46.7%
Q1 25
-2.1%
Q4 24
38.4%
Q3 24
40.7%
Q2 24
36.5%
Q1 24
33.2%
Operating Margin
ADCT
ADCT
ASYS
ASYS
Q4 25
-77.7%
4.1%
Q3 25
-196.6%
9.3%
Q2 25
-244.1%
4.7%
Q1 25
-163.5%
-202.7%
Q4 24
-191.8%
1.4%
Q3 24
-197.4%
0.1%
Q2 24
-170.5%
3.1%
Q1 24
-188.3%
5.4%
Net Margin
ADCT
ADCT
ASYS
ASYS
Q4 25
0.6%
Q3 25
-260.1%
5.4%
Q2 25
-313.2%
0.5%
Q1 25
-221.8%
-204.2%
Q4 24
1.3%
Q3 24
-244.1%
-2.2%
Q2 24
-214.6%
1.6%
Q1 24
-261.1%
3.8%
EPS (diluted)
ADCT
ADCT
ASYS
ASYS
Q4 25
$0.04
$0.01
Q3 25
$-0.30
$0.08
Q2 25
$-0.50
$0.01
Q1 25
$-0.36
$-2.23
Q4 24
$-0.26
$0.02
Q3 24
$-0.42
$-0.04
Q2 24
$-0.38
$0.03
Q1 24
$-0.56
$0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ADCT
ADCT
ASYS
ASYS
Cash + ST InvestmentsLiquidity on hand
$261.3M
$22.1M
Total DebtLower is stronger
$162.0K
Stockholders' EquityBook value
$-185.8M
$54.1M
Total Assets
$323.1M
$94.1M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADCT
ADCT
ASYS
ASYS
Q4 25
$261.3M
$22.1M
Q3 25
$234.7M
$17.9M
Q2 25
$264.6M
$15.6M
Q1 25
$194.7M
$13.4M
Q4 24
$250.9M
$13.2M
Q3 24
$274.3M
$11.1M
Q2 24
$300.1M
$13.2M
Q1 24
$234.3M
$13.0M
Total Debt
ADCT
ADCT
ASYS
ASYS
Q4 25
$162.0K
Q3 25
$168.0K
Q2 25
$127.0K
Q1 25
$135.0K
Q4 24
$161.0K
Q3 24
$189.0K
Q2 24
$177.0K
Q1 24
$65.0K
Stockholders' Equity
ADCT
ADCT
ASYS
ASYS
Q4 25
$-185.8M
$54.1M
Q3 25
$-238.2M
$53.4M
Q2 25
$-199.2M
$51.7M
Q1 25
$-238.2M
$51.0M
Q4 24
$-202.6M
$82.4M
Q3 24
$-171.9M
$82.4M
Q2 24
$-131.7M
$81.7M
Q1 24
$-194.4M
$80.9M
Total Assets
ADCT
ADCT
ASYS
ASYS
Q4 25
$323.1M
$94.1M
Q3 25
$289.8M
$92.9M
Q2 25
$321.6M
$89.5M
Q1 25
$272.5M
$83.4M
Q4 24
$322.0M
$117.8M
Q3 24
$349.1M
$119.3M
Q2 24
$371.8M
$127.1M
Q1 24
$308.0M
$116.5M
Debt / Equity
ADCT
ADCT
ASYS
ASYS
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ADCT
ADCT
ASYS
ASYS
Operating Cash FlowLast quarter
$-31.1M
$4.1M
Free Cash FlowOCF − Capex
$3.8M
FCF MarginFCF / Revenue
20.2%
Capex IntensityCapex / Revenue
0.0%
1.5%
Cash ConversionOCF / Net Profit
37.99×
TTM Free Cash FlowTrailing 4 quarters
$8.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADCT
ADCT
ASYS
ASYS
Q4 25
$-31.1M
$4.1M
Q3 25
$-29.6M
$2.3M
Q2 25
$-24.1M
$2.5M
Q1 25
$-56.3M
$210.0K
Q4 24
$-21.9M
$2.9M
Q3 24
$-25.0M
$879.0K
Q2 24
$-32.8M
$3.7M
Q1 24
$-44.1M
$336.0K
Free Cash Flow
ADCT
ADCT
ASYS
ASYS
Q4 25
$3.8M
Q3 25
$2.0M
Q2 25
$2.0M
Q1 25
$-56.6M
$201.0K
Q4 24
$-21.9M
$2.7M
Q3 24
$-25.3M
$447.0K
Q2 24
$-32.9M
$322.0K
Q1 24
$-44.6M
$-884.0K
FCF Margin
ADCT
ADCT
ASYS
ASYS
Q4 25
20.2%
Q3 25
10.2%
Q2 25
10.1%
Q1 25
-325.2%
1.3%
Q4 24
-129.8%
11.2%
Q3 24
-140.2%
1.9%
Q2 24
-193.0%
1.2%
Q1 24
-250.0%
-3.5%
Capex Intensity
ADCT
ADCT
ASYS
ASYS
Q4 25
0.0%
1.5%
Q3 25
0.0%
1.2%
Q2 25
0.0%
2.8%
Q1 25
1.5%
0.1%
Q4 24
0.5%
0.6%
Q3 24
1.2%
1.8%
Q2 24
0.2%
12.5%
Q1 24
3.0%
4.8%
Cash Conversion
ADCT
ADCT
ASYS
ASYS
Q4 25
37.99×
Q3 25
2.12×
Q2 25
23.89×
Q1 25
Q4 24
9.19×
Q3 24
Q2 24
8.35×
Q1 24
0.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ADCT
ADCT

Segment breakdown not available.

ASYS
ASYS

Thermal Processing Solutions$14.0M74%
Semiconductor Fabrication Solutions$5.0M26%

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