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Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and BOSTON OMAHA Corp (BOC). Click either name above to swap in a different company.

BOSTON OMAHA Corp is the larger business by last-quarter revenue ($29.7M vs $23.1M, roughly 1.3× ADC Therapeutics SA). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs 6.4%). Over the past eight quarters, ADC Therapeutics SA's revenue compounded faster (13.7% CAGR vs 7.8%).

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.

Boston Omaha Corporation is a publicly traded diversified holding company. Its core operating segments include outdoor advertising, surety insurance, residential real estate development, and fixed wireless broadband services, primarily serving customers across the United States, with a focus on driving long-term shareholder value via strategic acquisitions and organic operational growth.

ADCT vs BOC — Head-to-Head

Bigger by revenue
BOC
BOC
1.3× larger
BOC
$29.7M
$23.1M
ADCT
Growing faster (revenue YoY)
ADCT
ADCT
+30.0% gap
ADCT
36.4%
6.4%
BOC
Faster 2-yr revenue CAGR
ADCT
ADCT
Annualised
ADCT
13.7%
7.8%
BOC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ADCT
ADCT
BOC
BOC
Revenue
$23.1M
$29.7M
Net Profit
$-6.9M
Gross Margin
64.0%
Operating Margin
-77.7%
-4.2%
Net Margin
-23.1%
Revenue YoY
36.4%
6.4%
Net Profit YoY
-228.1%
EPS (diluted)
$0.04
$-0.23

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
BOC
BOC
Q4 25
$23.1M
$29.7M
Q3 25
$15.8M
$28.7M
Q2 25
$18.1M
$28.2M
Q1 25
$17.4M
$27.7M
Q4 24
$16.9M
$27.9M
Q3 24
$18.0M
$27.7M
Q2 24
$17.0M
$27.1M
Q1 24
$17.8M
$25.6M
Net Profit
ADCT
ADCT
BOC
BOC
Q4 25
$-6.9M
Q3 25
$-41.0M
$-2.6M
Q2 25
$-56.6M
$-2.3M
Q1 25
$-38.6M
$-669.3K
Q4 24
$5.3M
Q3 24
$-44.0M
$-1.6M
Q2 24
$-36.5M
$-2.2M
Q1 24
$-46.6M
$-2.8M
Gross Margin
ADCT
ADCT
BOC
BOC
Q4 25
64.0%
Q3 25
66.2%
Q2 25
66.1%
Q1 25
67.3%
Q4 24
69.5%
Q3 24
67.5%
Q2 24
68.2%
Q1 24
67.9%
Operating Margin
ADCT
ADCT
BOC
BOC
Q4 25
-77.7%
-4.2%
Q3 25
-196.6%
-3.7%
Q2 25
-244.1%
-2.9%
Q1 25
-163.5%
-2.9%
Q4 24
-191.8%
-4.6%
Q3 24
-197.4%
-2.7%
Q2 24
-170.5%
-16.2%
Q1 24
-188.3%
-8.1%
Net Margin
ADCT
ADCT
BOC
BOC
Q4 25
-23.1%
Q3 25
-260.1%
-9.0%
Q2 25
-313.2%
-8.2%
Q1 25
-221.8%
-2.4%
Q4 24
19.1%
Q3 24
-244.1%
-5.8%
Q2 24
-214.6%
-8.3%
Q1 24
-261.1%
-11.0%
EPS (diluted)
ADCT
ADCT
BOC
BOC
Q4 25
$0.04
$-0.23
Q3 25
$-0.30
$-0.08
Q2 25
$-0.50
$-0.07
Q1 25
$-0.36
$-0.02
Q4 24
$-0.26
$0.17
Q3 24
$-0.42
$-0.05
Q2 24
$-0.38
$-0.07
Q1 24
$-0.56
$-0.09

Balance Sheet & Financial Strength

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

Metric
ADCT
ADCT
BOC
BOC
Cash + ST InvestmentsLiquidity on hand
$261.3M
$56.8M
Total DebtLower is stronger
$25.7M
Stockholders' EquityBook value
$-185.8M
$516.1M
Total Assets
$323.1M
$713.1M
Debt / EquityLower = less leverage
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADCT
ADCT
BOC
BOC
Q4 25
$261.3M
$56.8M
Q3 25
$234.7M
$67.6M
Q2 25
$264.6M
$68.6M
Q1 25
$194.7M
$69.2M
Q4 24
$250.9M
$73.2M
Q3 24
$274.3M
$58.6M
Q2 24
$300.1M
$53.1M
Q1 24
$234.3M
$53.4M
Total Debt
ADCT
ADCT
BOC
BOC
Q4 25
$25.7M
Q3 25
$25.9M
Q2 25
$26.1M
Q1 25
$26.3M
Q4 24
$26.5M
Q3 24
$26.7M
Q2 24
$26.9M
Q1 24
$27.1M
Stockholders' Equity
ADCT
ADCT
BOC
BOC
Q4 25
$-185.8M
$516.1M
Q3 25
$-238.2M
$528.4M
Q2 25
$-199.2M
$531.0M
Q1 25
$-238.2M
$533.3M
Q4 24
$-202.6M
$532.8M
Q3 24
$-171.9M
$527.7M
Q2 24
$-131.7M
$530.5M
Q1 24
$-194.4M
$536.2M
Total Assets
ADCT
ADCT
BOC
BOC
Q4 25
$323.1M
$713.1M
Q3 25
$289.8M
$721.4M
Q2 25
$321.6M
$730.6M
Q1 25
$272.5M
$730.8M
Q4 24
$322.0M
$728.3M
Q3 24
$349.1M
$711.9M
Q2 24
$371.8M
$723.1M
Q1 24
$308.0M
$757.3M
Debt / Equity
ADCT
ADCT
BOC
BOC
Q4 25
0.05×
Q3 25
0.05×
Q2 25
0.05×
Q1 25
0.05×
Q4 24
0.05×
Q3 24
0.05×
Q2 24
0.05×
Q1 24
0.05×

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
BOC
BOC
Operating Cash FlowLast quarter
$-31.1M
$17.9M
Free Cash FlowOCF − Capex
$-10.0M
FCF MarginFCF / Revenue
-33.8%
Capex IntensityCapex / Revenue
0.0%
93.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-17.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADCT
ADCT
BOC
BOC
Q4 25
$-31.1M
$17.9M
Q3 25
$-29.6M
$4.9M
Q2 25
$-24.1M
$4.6M
Q1 25
$-56.3M
$2.6M
Q4 24
$-21.9M
$21.2M
Q3 24
$-25.0M
$5.2M
Q2 24
$-32.8M
$4.5M
Q1 24
$-44.1M
$2.4M
Free Cash Flow
ADCT
ADCT
BOC
BOC
Q4 25
$-10.0M
Q3 25
$-489.4K
Q2 25
$-2.7M
Q1 25
$-56.6M
$-4.3M
Q4 24
$-21.9M
$-11.0M
Q3 24
$-25.3M
$-1.2M
Q2 24
$-32.9M
$-4.3M
Q1 24
$-44.6M
$-6.0M
FCF Margin
ADCT
ADCT
BOC
BOC
Q4 25
-33.8%
Q3 25
-1.7%
Q2 25
-9.7%
Q1 25
-325.2%
-15.5%
Q4 24
-129.8%
-39.2%
Q3 24
-140.2%
-4.4%
Q2 24
-193.0%
-15.9%
Q1 24
-250.0%
-23.6%
Capex Intensity
ADCT
ADCT
BOC
BOC
Q4 25
0.0%
93.9%
Q3 25
0.0%
18.9%
Q2 25
0.0%
25.9%
Q1 25
1.5%
24.7%
Q4 24
0.5%
115.3%
Q3 24
1.2%
23.2%
Q2 24
0.2%
32.6%
Q1 24
3.0%
33.1%
Cash Conversion
ADCT
ADCT
BOC
BOC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
3.97×
Q3 24
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.

BOC
BOC

Billboard Rentals$11.9M40%
Equity Method Investment Nonconsolidated Investee Or Group Of Investees$10.0M34%
GIG$7.3M25%
Other$608.4K2%

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