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Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and Bluerock Homes Trust, Inc. (BHM). Click either name above to swap in a different company.

ADC Therapeutics SA is the larger business by last-quarter revenue ($23.1M vs $18.9M, roughly 1.2× Bluerock Homes Trust, Inc.). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs 35.9%). Over the past eight quarters, Bluerock Homes Trust, Inc.'s revenue compounded faster (30.1% CAGR vs 13.7%).

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.

Bluerock Homes Trust, Inc. is a U.S.-headquartered real estate investment trust that acquires, owns and operates a portfolio of high-quality single-family rental residential properties. It caters to middle-market renters across high-growth suburban markets, prioritizing regions with strong demographic fundamentals and sustained rental housing demand.

ADCT vs BHM — Head-to-Head

Bigger by revenue
ADCT
ADCT
1.2× larger
ADCT
$23.1M
$18.9M
BHM
Growing faster (revenue YoY)
ADCT
ADCT
+0.5% gap
ADCT
36.4%
35.9%
BHM
Faster 2-yr revenue CAGR
BHM
BHM
Annualised
BHM
30.1%
13.7%
ADCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ADCT
ADCT
BHM
BHM
Revenue
$23.1M
$18.9M
Net Profit
$-9.5M
Gross Margin
Operating Margin
-77.7%
-48.8%
Net Margin
-50.1%
Revenue YoY
36.4%
35.9%
Net Profit YoY
-29.9%
EPS (diluted)
$0.04
$-0.75

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
BHM
BHM
Q4 25
$23.1M
$18.9M
Q3 25
$15.8M
$16.6M
Q2 25
$18.1M
$16.8M
Q1 25
$17.4M
$16.4M
Q4 24
$16.9M
$13.9M
Q3 24
$18.0M
$12.7M
Q2 24
$17.0M
$12.5M
Q1 24
$17.8M
$11.2M
Net Profit
ADCT
ADCT
BHM
BHM
Q4 25
$-9.5M
Q3 25
$-41.0M
$-10.0M
Q2 25
$-56.6M
$-5.8M
Q1 25
$-38.6M
$-7.3M
Q4 24
$-7.3M
Q3 24
$-44.0M
$3.5M
Q2 24
$-36.5M
$-5.2M
Q1 24
$-46.6M
$-3.2M
Operating Margin
ADCT
ADCT
BHM
BHM
Q4 25
-77.7%
-48.8%
Q3 25
-196.6%
-57.6%
Q2 25
-244.1%
-30.9%
Q1 25
-163.5%
-42.6%
Q4 24
-191.8%
-52.8%
Q3 24
-197.4%
27.9%
Q2 24
-170.5%
-41.3%
Q1 24
-188.3%
-28.4%
Net Margin
ADCT
ADCT
BHM
BHM
Q4 25
-50.1%
Q3 25
-260.1%
-60.0%
Q2 25
-313.2%
-34.7%
Q1 25
-221.8%
-44.7%
Q4 24
-52.8%
Q3 24
-244.1%
27.9%
Q2 24
-214.6%
-41.3%
Q1 24
-261.1%
-28.4%
EPS (diluted)
ADCT
ADCT
BHM
BHM
Q4 25
$0.04
$-0.75
Q3 25
$-0.30
$-0.94
Q2 25
$-0.50
$-0.66
Q1 25
$-0.36
$-0.67
Q4 24
$-0.26
$-0.65
Q3 24
$-0.42
$0.24
Q2 24
$-0.38
$-0.42
Q1 24
$-0.56
$-0.27

Balance Sheet & Financial Strength

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

Metric
ADCT
ADCT
BHM
BHM
Cash + ST InvestmentsLiquidity on hand
$261.3M
$169.6M
Total DebtLower is stronger
$428.4M
Stockholders' EquityBook value
$-185.8M
$128.7M
Total Assets
$323.1M
$1.2B
Debt / EquityLower = less leverage
3.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADCT
ADCT
BHM
BHM
Q4 25
$261.3M
$169.6M
Q3 25
$234.7M
$2.1M
Q2 25
$264.6M
$4.2M
Q1 25
$194.7M
$3.0M
Q4 24
$250.9M
$115.2M
Q3 24
$274.3M
$155.1M
Q2 24
$300.1M
$116.0M
Q1 24
$234.3M
$92.3M
Total Debt
ADCT
ADCT
BHM
BHM
Q4 25
$428.4M
Q3 25
$415.9M
Q2 25
$338.6M
Q1 25
$336.5M
Q4 24
$373.8M
Q3 24
$122.5M
Q2 24
$119.7M
Q1 24
$120.2M
Stockholders' Equity
ADCT
ADCT
BHM
BHM
Q4 25
$-185.8M
$128.7M
Q3 25
$-238.2M
$131.7M
Q2 25
$-199.2M
$135.3M
Q1 25
$-238.2M
$137.1M
Q4 24
$-202.6M
$139.1M
Q3 24
$-171.9M
$142.9M
Q2 24
$-131.7M
$142.5M
Q1 24
$-194.4M
$144.5M
Total Assets
ADCT
ADCT
BHM
BHM
Q4 25
$323.1M
$1.2B
Q3 25
$289.8M
$222.1M
Q2 25
$321.6M
$220.3M
Q1 25
$272.5M
$186.2M
Q4 24
$322.0M
$967.0M
Q3 24
$349.1M
$800.8M
Q2 24
$371.8M
$756.2M
Q1 24
$308.0M
$727.4M
Debt / Equity
ADCT
ADCT
BHM
BHM
Q4 25
3.33×
Q3 25
3.16×
Q2 25
2.50×
Q1 25
2.45×
Q4 24
2.69×
Q3 24
0.86×
Q2 24
0.84×
Q1 24
0.83×

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
BHM
BHM
Operating Cash FlowLast quarter
$-31.1M
$27.8M
Free Cash FlowOCF − Capex
$10.4M
FCF MarginFCF / Revenue
55.0%
Capex IntensityCapex / Revenue
0.0%
91.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$25.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADCT
ADCT
BHM
BHM
Q4 25
$-31.1M
$27.8M
Q3 25
$-29.6M
$13.4M
Q2 25
$-24.1M
$13.9M
Q1 25
$-56.3M
$951.0K
Q4 24
$-21.9M
$9.1M
Q3 24
$-25.0M
$1.7M
Q2 24
$-32.8M
$1.3M
Q1 24
$-44.1M
$1.1M
Free Cash Flow
ADCT
ADCT
BHM
BHM
Q4 25
$10.4M
Q3 25
$8.7M
Q2 25
$8.8M
Q1 25
$-56.6M
$-2.9M
Q4 24
$-21.9M
$-253.0K
Q3 24
$-25.3M
$-601.0K
Q2 24
$-32.9M
$-654.0K
Q1 24
$-44.6M
$-630.0K
FCF Margin
ADCT
ADCT
BHM
BHM
Q4 25
55.0%
Q3 25
52.4%
Q2 25
52.2%
Q1 25
-325.2%
-17.6%
Q4 24
-129.8%
-1.8%
Q3 24
-140.2%
-4.7%
Q2 24
-193.0%
-5.2%
Q1 24
-250.0%
-5.6%
Capex Intensity
ADCT
ADCT
BHM
BHM
Q4 25
0.0%
91.8%
Q3 25
0.0%
28.5%
Q2 25
0.0%
30.3%
Q1 25
1.5%
23.4%
Q4 24
0.5%
66.9%
Q3 24
1.2%
18.0%
Q2 24
0.2%
15.3%
Q1 24
3.0%
15.5%
Cash Conversion
ADCT
ADCT
BHM
BHM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.47×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ADCT
ADCT

Segment breakdown not available.

BHM
BHM

Residential Communities Segment$11.4M61%
Scattered Single Family Homes Segment$7.5M39%

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