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Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and Bankwell Financial Group, Inc. (BWFG). Click either name above to swap in a different company.

Bankwell Financial Group, Inc. is the larger business by last-quarter revenue ($30.3M vs $23.1M, roughly 1.3× ADC Therapeutics SA). On growth, Bankwell Financial Group, Inc. posted the faster year-over-year revenue change (43.3% vs 36.4%). Over the past eight quarters, Bankwell Financial Group, Inc.'s revenue compounded faster (17.2% 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.

Bankwell Financial Group, Inc. is a US-based bank holding company that provides a full suite of personal and commercial banking products and services, including deposit accounts, mortgage loans, commercial lending, and wealth management solutions. It primarily serves local communities, retail customers, and small to medium-sized enterprises across Connecticut.

ADCT vs BWFG — Head-to-Head

Bigger by revenue
BWFG
BWFG
1.3× larger
BWFG
$30.3M
$23.1M
ADCT
Growing faster (revenue YoY)
BWFG
BWFG
+6.9% gap
BWFG
43.3%
36.4%
ADCT
Faster 2-yr revenue CAGR
BWFG
BWFG
Annualised
BWFG
17.2%
13.7%
ADCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ADCT
ADCT
BWFG
BWFG
Revenue
$23.1M
$30.3M
Net Profit
Gross Margin
Operating Margin
-77.7%
46.9%
Net Margin
Revenue YoY
36.4%
43.3%
Net Profit YoY
EPS (diluted)
$0.04
$1.16

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
BWFG
BWFG
Q4 25
$23.1M
$30.3M
Q3 25
$15.8M
$28.5M
Q2 25
$18.1M
$25.9M
Q1 25
$17.4M
$23.6M
Q4 24
$16.9M
$21.2M
Q3 24
$18.0M
$21.9M
Q2 24
$17.0M
$21.9M
Q1 24
$17.8M
$22.1M
Net Profit
ADCT
ADCT
BWFG
BWFG
Q4 25
Q3 25
$-41.0M
$10.1M
Q2 25
$-56.6M
$9.1M
Q1 25
$-38.6M
$6.9M
Q4 24
Q3 24
$-44.0M
$1.9M
Q2 24
$-36.5M
$1.1M
Q1 24
$-46.6M
$3.8M
Operating Margin
ADCT
ADCT
BWFG
BWFG
Q4 25
-77.7%
46.9%
Q3 25
-196.6%
47.3%
Q2 25
-244.1%
45.5%
Q1 25
-163.5%
38.0%
Q4 24
-191.8%
19.2%
Q3 24
-197.4%
12.4%
Q2 24
-170.5%
6.7%
Q1 24
-188.3%
23.0%
Net Margin
ADCT
ADCT
BWFG
BWFG
Q4 25
Q3 25
-260.1%
35.4%
Q2 25
-313.2%
35.0%
Q1 25
-221.8%
29.2%
Q4 24
Q3 24
-244.1%
8.8%
Q2 24
-214.6%
5.1%
Q1 24
-261.1%
17.1%
EPS (diluted)
ADCT
ADCT
BWFG
BWFG
Q4 25
$0.04
$1.16
Q3 25
$-0.30
$1.27
Q2 25
$-0.50
$1.15
Q1 25
$-0.36
$0.87
Q4 24
$-0.26
$0.37
Q3 24
$-0.42
$0.24
Q2 24
$-0.38
$0.14
Q1 24
$-0.56
$0.48

Balance Sheet & Financial Strength

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

Metric
ADCT
ADCT
BWFG
BWFG
Cash + ST InvestmentsLiquidity on hand
$261.3M
$192.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$-185.8M
$301.5M
Total Assets
$323.1M
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADCT
ADCT
BWFG
BWFG
Q4 25
$261.3M
$192.1M
Q3 25
$234.7M
$128.2M
Q2 25
$264.6M
$142.6M
Q1 25
$194.7M
$136.0M
Q4 24
$250.9M
$146.1M
Q3 24
$274.3M
$145.9M
Q2 24
$300.1M
$138.0M
Q1 24
$234.3M
$126.2M
Stockholders' Equity
ADCT
ADCT
BWFG
BWFG
Q4 25
$-185.8M
$301.5M
Q3 25
$-238.2M
$292.8M
Q2 25
$-199.2M
$283.3M
Q1 25
$-238.2M
$275.2M
Q4 24
$-202.6M
$270.5M
Q3 24
$-171.9M
$267.9M
Q2 24
$-131.7M
$267.0M
Q1 24
$-194.4M
$268.0M
Total Assets
ADCT
ADCT
BWFG
BWFG
Q4 25
$323.1M
$3.4B
Q3 25
$289.8M
$3.2B
Q2 25
$321.6M
$3.2B
Q1 25
$272.5M
$3.2B
Q4 24
$322.0M
$3.3B
Q3 24
$349.1M
$3.2B
Q2 24
$371.8M
$3.1B
Q1 24
$308.0M
$3.2B

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
BWFG
BWFG
Operating Cash FlowLast quarter
$-31.1M
$28.3M
Free Cash FlowOCF − Capex
$27.1M
FCF MarginFCF / Revenue
89.5%
Capex IntensityCapex / Revenue
0.0%
3.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$47.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADCT
ADCT
BWFG
BWFG
Q4 25
$-31.1M
$28.3M
Q3 25
$-29.6M
$10.3M
Q2 25
$-24.1M
$6.5M
Q1 25
$-56.3M
$3.9M
Q4 24
$-21.9M
$29.9M
Q3 24
$-25.0M
$-557.0K
Q2 24
$-32.8M
$7.1M
Q1 24
$-44.1M
$9.0M
Free Cash Flow
ADCT
ADCT
BWFG
BWFG
Q4 25
$27.1M
Q3 25
$9.9M
Q2 25
$6.1M
Q1 25
$-56.6M
$3.8M
Q4 24
$-21.9M
$29.3M
Q3 24
$-25.3M
$-672.0K
Q2 24
$-32.9M
$6.8M
Q1 24
$-44.6M
$8.9M
FCF Margin
ADCT
ADCT
BWFG
BWFG
Q4 25
89.5%
Q3 25
34.9%
Q2 25
23.5%
Q1 25
-325.2%
16.2%
Q4 24
-129.8%
138.6%
Q3 24
-140.2%
-3.1%
Q2 24
-193.0%
31.0%
Q1 24
-250.0%
40.5%
Capex Intensity
ADCT
ADCT
BWFG
BWFG
Q4 25
0.0%
3.8%
Q3 25
0.0%
1.4%
Q2 25
0.0%
1.5%
Q1 25
1.5%
0.4%
Q4 24
0.5%
2.9%
Q3 24
1.2%
0.5%
Q2 24
0.2%
1.7%
Q1 24
3.0%
0.4%
Cash Conversion
ADCT
ADCT
BWFG
BWFG
Q4 25
Q3 25
1.03×
Q2 25
0.71×
Q1 25
0.57×
Q4 24
Q3 24
-0.29×
Q2 24
6.39×
Q1 24
2.40×

Financial Flow Comparison

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

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