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

CEVA INC is the larger business by last-quarter revenue ($31.3M vs $23.1M, roughly 1.4× ADC Therapeutics SA). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs 7.1%). Over the past eight quarters, CEVA INC's revenue compounded faster (19.1% 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.

CEVA Logistics is a global logistics and supply chain company that operates both freight management and contract logistics. It was purchased by the CMA CGM group in 2019. Since this purchase, CMA CGM has acquired other logistics and transportation companies to merge with and develop CEVA Logistics, such as Ingram Micro Commerce & Lifecycle Services and GEFCO.

ADCT vs CEVA — Head-to-Head

Bigger by revenue
CEVA
CEVA
1.4× larger
CEVA
$31.3M
$23.1M
ADCT
Growing faster (revenue YoY)
ADCT
ADCT
+29.3% gap
ADCT
36.4%
7.1%
CEVA
Faster 2-yr revenue CAGR
CEVA
CEVA
Annualised
CEVA
19.1%
13.7%
ADCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ADCT
ADCT
CEVA
CEVA
Revenue
$23.1M
$31.3M
Net Profit
$-1.1M
Gross Margin
88.1%
Operating Margin
-77.7%
-1.3%
Net Margin
-3.5%
Revenue YoY
36.4%
7.1%
Net Profit YoY
36.8%
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
CEVA
CEVA
Q4 25
$23.1M
$31.3M
Q3 25
$15.8M
$28.4M
Q2 25
$18.1M
$25.7M
Q1 25
$17.4M
$24.2M
Q4 24
$16.9M
$29.2M
Q3 24
$18.0M
$27.2M
Q2 24
$17.0M
$28.4M
Q1 24
$17.8M
$22.1M
Net Profit
ADCT
ADCT
CEVA
CEVA
Q4 25
$-1.1M
Q3 25
$-41.0M
$-2.5M
Q2 25
$-56.6M
$-3.7M
Q1 25
$-38.6M
$-3.3M
Q4 24
$-1.7M
Q3 24
$-44.0M
$-1.3M
Q2 24
$-36.5M
$-291.0K
Q1 24
$-46.6M
$-5.4M
Gross Margin
ADCT
ADCT
CEVA
CEVA
Q4 25
88.1%
Q3 25
88.0%
Q2 25
86.2%
Q1 25
85.6%
Q4 24
88.5%
Q3 24
85.4%
Q2 24
89.7%
Q1 24
88.7%
Operating Margin
ADCT
ADCT
CEVA
CEVA
Q4 25
-77.7%
-1.3%
Q3 25
-196.6%
-7.3%
Q2 25
-244.1%
-17.5%
Q1 25
-163.5%
-18.1%
Q4 24
-191.8%
0.3%
Q3 24
-197.4%
-9.6%
Q2 24
-170.5%
-0.1%
Q1 24
-188.3%
-22.5%
Net Margin
ADCT
ADCT
CEVA
CEVA
Q4 25
-3.5%
Q3 25
-260.1%
-8.8%
Q2 25
-313.2%
-14.4%
Q1 25
-221.8%
-13.7%
Q4 24
-5.9%
Q3 24
-244.1%
-4.8%
Q2 24
-214.6%
-1.0%
Q1 24
-261.1%
-24.7%
EPS (diluted)
ADCT
ADCT
CEVA
CEVA
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
CEVA
CEVA
Cash + ST InvestmentsLiquidity on hand
$261.3M
$40.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-185.8M
$336.5M
Total Assets
$323.1M
$388.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADCT
ADCT
CEVA
CEVA
Q4 25
$261.3M
$40.6M
Q3 25
$234.7M
$17.3M
Q2 25
$264.6M
$29.1M
Q1 25
$194.7M
$18.8M
Q4 24
$250.9M
$18.8M
Q3 24
$274.3M
$13.2M
Q2 24
$300.1M
$25.0M
Q1 24
$234.3M
$21.6M
Stockholders' Equity
ADCT
ADCT
CEVA
CEVA
Q4 25
$-185.8M
$336.5M
Q3 25
$-238.2M
$268.7M
Q2 25
$-199.2M
$265.9M
Q1 25
$-238.2M
$269.1M
Q4 24
$-202.6M
$266.6M
Q3 24
$-171.9M
$265.8M
Q2 24
$-131.7M
$263.8M
Q1 24
$-194.4M
$262.3M
Total Assets
ADCT
ADCT
CEVA
CEVA
Q4 25
$323.1M
$388.3M
Q3 25
$289.8M
$306.0M
Q2 25
$321.6M
$302.8M
Q1 25
$272.5M
$310.0M
Q4 24
$322.0M
$308.9M
Q3 24
$349.1M
$304.9M
Q2 24
$371.8M
$300.4M
Q1 24
$308.0M
$301.4M

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
CEVA
CEVA
Operating Cash FlowLast quarter
$-31.1M
$8.7M
Free Cash FlowOCF − Capex
$7.2M
FCF MarginFCF / Revenue
23.1%
Capex IntensityCapex / Revenue
0.0%
4.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-6.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADCT
ADCT
CEVA
CEVA
Q4 25
$-31.1M
$8.7M
Q3 25
$-29.6M
$-5.9M
Q2 25
$-24.1M
$1.2M
Q1 25
$-56.3M
$-7.4M
Q4 24
$-21.9M
$8.0M
Q3 24
$-25.0M
$399.0K
Q2 24
$-32.8M
$2.4M
Q1 24
$-44.1M
$-7.3M
Free Cash Flow
ADCT
ADCT
CEVA
CEVA
Q4 25
$7.2M
Q3 25
$-6.3M
Q2 25
$492.0K
Q1 25
$-56.6M
$-7.7M
Q4 24
$-21.9M
$7.0M
Q3 24
$-25.3M
$-15.0K
Q2 24
$-32.9M
$1.8M
Q1 24
$-44.6M
$-8.3M
FCF Margin
ADCT
ADCT
CEVA
CEVA
Q4 25
23.1%
Q3 25
-22.1%
Q2 25
1.9%
Q1 25
-325.2%
-31.8%
Q4 24
-129.8%
24.0%
Q3 24
-140.2%
-0.1%
Q2 24
-193.0%
6.2%
Q1 24
-250.0%
-37.4%
Capex Intensity
ADCT
ADCT
CEVA
CEVA
Q4 25
0.0%
4.8%
Q3 25
0.0%
1.5%
Q2 25
0.0%
2.7%
Q1 25
1.5%
1.3%
Q4 24
0.5%
3.5%
Q3 24
1.2%
1.5%
Q2 24
0.2%
2.1%
Q1 24
3.0%
4.1%

Financial Flow Comparison

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

Revenue Breakdown by Segment

ADCT
ADCT

Segment breakdown not available.

CEVA
CEVA

Transferred At Point In Time$28.1M90%
Transferred Over Time$3.2M10%

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