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Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and AVALON HOLDINGS CORP (AWX). Click either name above to swap in a different company.

ADC Therapeutics SA is the larger business by last-quarter revenue ($23.1M vs $21.5M, roughly 1.1× AVALON HOLDINGS CORP). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs 21.7%). Over the past eight quarters, ADC Therapeutics SA's revenue compounded faster (13.7% CAGR vs 6.7%).

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.

Avalon Hill Games Inc. is a game company that publishes wargames and strategic board games. It has also published miniature wargaming rules, role-playing games and sports simulations. It is a subsidiary of Hasbro, and operates under the company's "Hasbro Gaming" division.

ADCT vs AWX — Head-to-Head

Bigger by revenue
ADCT
ADCT
1.1× larger
ADCT
$23.1M
$21.5M
AWX
Growing faster (revenue YoY)
ADCT
ADCT
+14.6% gap
ADCT
36.4%
21.7%
AWX
Faster 2-yr revenue CAGR
ADCT
ADCT
Annualised
ADCT
13.7%
6.7%
AWX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ADCT
ADCT
AWX
AWX
Revenue
$23.1M
$21.5M
Net Profit
$-356.0K
Gross Margin
17.1%
Operating Margin
-77.7%
0.4%
Net Margin
-1.7%
Revenue YoY
36.4%
21.7%
Net Profit YoY
28.4%
EPS (diluted)
$0.04

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
AWX
AWX
Q4 25
$23.1M
$21.5M
Q3 25
$15.8M
$25.7M
Q2 25
$18.1M
$20.3M
Q1 25
$17.4M
$16.1M
Q4 24
$16.9M
$17.6M
Q3 24
$18.0M
$24.2M
Q2 24
$17.0M
$23.1M
Q1 24
$17.8M
$18.9M
Net Profit
ADCT
ADCT
AWX
AWX
Q4 25
$-356.0K
Q3 25
$-41.0M
$1.9M
Q2 25
$-56.6M
$274.0K
Q1 25
$-38.6M
$-1.5M
Q4 24
$-497.0K
Q3 24
$-44.0M
$1.8M
Q2 24
$-36.5M
$954.0K
Q1 24
$-46.6M
$-979.0K
Gross Margin
ADCT
ADCT
AWX
AWX
Q4 25
17.1%
Q3 25
23.7%
Q2 25
20.6%
Q1 25
14.8%
Q4 24
17.5%
Q3 24
24.6%
Q2 24
22.1%
Q1 24
16.2%
Operating Margin
ADCT
ADCT
AWX
AWX
Q4 25
-77.7%
0.4%
Q3 25
-196.6%
9.1%
Q2 25
-244.1%
3.7%
Q1 25
-163.5%
-7.2%
Q4 24
-191.8%
-0.8%
Q3 24
-197.4%
9.4%
Q2 24
-170.5%
6.3%
Q1 24
-188.3%
-2.7%
Net Margin
ADCT
ADCT
AWX
AWX
Q4 25
-1.7%
Q3 25
-260.1%
7.4%
Q2 25
-313.2%
1.4%
Q1 25
-221.8%
-9.3%
Q4 24
-2.8%
Q3 24
-244.1%
7.6%
Q2 24
-214.6%
4.1%
Q1 24
-261.1%
-5.2%
EPS (diluted)
ADCT
ADCT
AWX
AWX
Q4 25
$0.04
Q3 25
$-0.30
Q2 25
$-0.50
Q1 25
$-0.36
Q4 24
$-0.26
Q3 24
$-0.42
Q2 24
$-0.38
Q1 24
$-0.56

Balance Sheet & Financial Strength

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

Metric
ADCT
ADCT
AWX
AWX
Cash + ST InvestmentsLiquidity on hand
$261.3M
$4.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$-185.8M
$38.4M
Total Assets
$323.1M
$87.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADCT
ADCT
AWX
AWX
Q4 25
$261.3M
$4.1M
Q3 25
$234.7M
$4.6M
Q2 25
$264.6M
$3.7M
Q1 25
$194.7M
$1.3M
Q4 24
$250.9M
$2.8M
Q3 24
$274.3M
$3.9M
Q2 24
$300.1M
$3.8M
Q1 24
$234.3M
$1.2M
Stockholders' Equity
ADCT
ADCT
AWX
AWX
Q4 25
$-185.8M
$38.4M
Q3 25
$-238.2M
$38.7M
Q2 25
$-199.2M
$36.8M
Q1 25
$-238.2M
$36.5M
Q4 24
$-202.6M
$38.0M
Q3 24
$-171.9M
$38.5M
Q2 24
$-131.7M
$36.7M
Q1 24
$-194.4M
$35.7M
Total Assets
ADCT
ADCT
AWX
AWX
Q4 25
$323.1M
$87.4M
Q3 25
$289.8M
$90.7M
Q2 25
$321.6M
$88.1M
Q1 25
$272.5M
$87.6M
Q4 24
$322.0M
$86.2M
Q3 24
$349.1M
$89.1M
Q2 24
$371.8M
$91.7M
Q1 24
$308.0M
$90.6M

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
AWX
AWX
Operating Cash FlowLast quarter
$-31.1M
$278.0K
Free Cash FlowOCF − Capex
$-166.0K
FCF MarginFCF / Revenue
-0.8%
Capex IntensityCapex / Revenue
0.0%
2.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADCT
ADCT
AWX
AWX
Q4 25
$-31.1M
$278.0K
Q3 25
$-29.6M
$1.5M
Q2 25
$-24.1M
$3.0M
Q1 25
$-56.3M
$-982.0K
Q4 24
$-21.9M
$-579.0K
Q3 24
$-25.0M
$342.0K
Q2 24
$-32.8M
$3.2M
Q1 24
$-44.1M
$411.0K
Free Cash Flow
ADCT
ADCT
AWX
AWX
Q4 25
$-166.0K
Q3 25
$852.0K
Q2 25
$2.7M
Q1 25
$-56.6M
$-1.4M
Q4 24
$-21.9M
$-1.1M
Q3 24
$-25.3M
$-660.0K
Q2 24
$-32.9M
$2.9M
Q1 24
$-44.6M
$56.0K
FCF Margin
ADCT
ADCT
AWX
AWX
Q4 25
-0.8%
Q3 25
3.3%
Q2 25
13.5%
Q1 25
-325.2%
-8.5%
Q4 24
-129.8%
-6.4%
Q3 24
-140.2%
-2.7%
Q2 24
-193.0%
12.4%
Q1 24
-250.0%
0.3%
Capex Intensity
ADCT
ADCT
AWX
AWX
Q4 25
0.0%
2.1%
Q3 25
0.0%
2.3%
Q2 25
0.0%
1.4%
Q1 25
1.5%
2.4%
Q4 24
0.5%
3.1%
Q3 24
1.2%
4.1%
Q2 24
0.2%
1.5%
Q1 24
3.0%
1.9%
Cash Conversion
ADCT
ADCT
AWX
AWX
Q4 25
Q3 25
0.76×
Q2 25
11.07×
Q1 25
Q4 24
Q3 24
0.19×
Q2 24
3.35×
Q1 24

Financial Flow Comparison

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

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