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Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and Cherry Hill Mortgage Investment Corp (CHMI). Click either name above to swap in a different company.

ADC Therapeutics SA is the larger business by last-quarter revenue ($23.1M vs $11.8M, roughly 2.0× Cherry Hill Mortgage Investment Corp). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs -37.2%). Over the past eight quarters, ADC Therapeutics SA's revenue compounded faster (13.7% CAGR vs -15.2%).

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.

Cherry Hill Mortgage Investment Corp is a U.S.-headquartered real estate finance firm focused on acquiring, investing in and managing residential mortgage-related assets. Its core holdings include agency mortgage-backed securities, residential loans and mortgage servicing rights, operating primarily in the U.S. domestic housing finance market.

ADCT vs CHMI — Head-to-Head

Bigger by revenue
ADCT
ADCT
2.0× larger
ADCT
$23.1M
$11.8M
CHMI
Growing faster (revenue YoY)
ADCT
ADCT
+73.5% gap
ADCT
36.4%
-37.2%
CHMI
Faster 2-yr revenue CAGR
ADCT
ADCT
Annualised
ADCT
13.7%
-15.2%
CHMI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ADCT
ADCT
CHMI
CHMI
Revenue
$23.1M
$11.8M
Net Profit
Gross Margin
78.9%
Operating Margin
-77.7%
72.1%
Net Margin
Revenue YoY
36.4%
-37.2%
Net Profit YoY
EPS (diluted)
$0.04
$0.18

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
CHMI
CHMI
Q4 25
$23.1M
$11.8M
Q3 25
$15.8M
$8.6M
Q2 25
$18.1M
$6.0M
Q1 25
$17.4M
$-3.0M
Q4 24
$16.9M
$18.7M
Q3 24
$18.0M
$-7.1M
Q2 24
$17.0M
$6.6M
Q1 24
$17.8M
$16.3M
Net Profit
ADCT
ADCT
CHMI
CHMI
Q4 25
Q3 25
$-41.0M
$4.5M
Q2 25
$-56.6M
$1.6M
Q1 25
$-38.6M
$-7.0M
Q4 24
Q3 24
$-44.0M
$-12.4M
Q2 24
$-36.5M
$784.0K
Q1 24
$-46.6M
$12.1M
Gross Margin
ADCT
ADCT
CHMI
CHMI
Q4 25
78.9%
Q3 25
73.2%
Q2 25
67.7%
Q1 25
183.4%
Q4 24
83.3%
Q3 24
145.3%
Q2 24
47.5%
Q1 24
83.9%
Operating Margin
ADCT
ADCT
CHMI
CHMI
Q4 25
-77.7%
72.1%
Q3 25
-196.6%
56.0%
Q2 25
-244.1%
44.4%
Q1 25
-163.5%
223.6%
Q4 24
-191.8%
76.2%
Q3 24
-197.4%
171.8%
Q2 24
-170.5%
22.0%
Q1 24
-188.3%
78.0%
Net Margin
ADCT
ADCT
CHMI
CHMI
Q4 25
Q3 25
-260.1%
52.7%
Q2 25
-313.2%
25.9%
Q1 25
-221.8%
229.2%
Q4 24
Q3 24
-244.1%
175.8%
Q2 24
-214.6%
11.9%
Q1 24
-261.1%
73.7%
EPS (diluted)
ADCT
ADCT
CHMI
CHMI
Q4 25
$0.04
$0.18
Q3 25
$-0.30
$0.05
Q2 25
$-0.50
$-0.03
Q1 25
$-0.36
$-0.29
Q4 24
$-0.26
$0.30
Q3 24
$-0.42
$-0.49
Q2 24
$-0.38
$-0.06
Q1 24
$-0.56
$0.32

Balance Sheet & Financial Strength

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

Metric
ADCT
ADCT
CHMI
CHMI
Cash + ST InvestmentsLiquidity on hand
$261.3M
$54.9M
Total DebtLower is stronger
$146.3M
Stockholders' EquityBook value
$-185.8M
$236.0M
Total Assets
$323.1M
$1.5B
Debt / EquityLower = less leverage
0.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADCT
ADCT
CHMI
CHMI
Q4 25
$261.3M
$54.9M
Q3 25
$234.7M
$55.4M
Q2 25
$264.6M
$58.0M
Q1 25
$194.7M
$47.3M
Q4 24
$250.9M
$46.3M
Q3 24
$274.3M
$50.2M
Q2 24
$300.1M
$52.4M
Q1 24
$234.3M
$47.5M
Total Debt
ADCT
ADCT
CHMI
CHMI
Q4 25
$146.3M
Q3 25
$148.0M
Q2 25
$150.1M
Q1 25
$150.1M
Q4 24
$152.1M
Q3 24
$151.8M
Q2 24
$160.5M
Q1 24
$167.5M
Stockholders' Equity
ADCT
ADCT
CHMI
CHMI
Q4 25
$-185.8M
$236.0M
Q3 25
$-238.2M
$233.1M
Q2 25
$-199.2M
$229.9M
Q1 25
$-238.2M
$226.6M
Q4 24
$-202.6M
$230.3M
Q3 24
$-171.9M
$236.7M
Q2 24
$-131.7M
$234.5M
Q1 24
$-194.4M
$247.0M
Total Assets
ADCT
ADCT
CHMI
CHMI
Q4 25
$323.1M
$1.5B
Q3 25
$289.8M
$1.5B
Q2 25
$321.6M
$1.5B
Q1 25
$272.5M
$1.4B
Q4 24
$322.0M
$1.5B
Q3 24
$349.1M
$1.6B
Q2 24
$371.8M
$1.4B
Q1 24
$308.0M
$1.4B
Debt / Equity
ADCT
ADCT
CHMI
CHMI
Q4 25
0.62×
Q3 25
0.63×
Q2 25
0.65×
Q1 25
0.66×
Q4 24
0.66×
Q3 24
0.64×
Q2 24
0.68×
Q1 24
0.68×

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
CHMI
CHMI
Operating Cash FlowLast quarter
$-31.1M
$19.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADCT
ADCT
CHMI
CHMI
Q4 25
$-31.1M
$19.1M
Q3 25
$-29.6M
$-2.4M
Q2 25
$-24.1M
$12.5M
Q1 25
$-56.3M
$682.0K
Q4 24
$-21.9M
$-4.7M
Q3 24
$-25.0M
$4.4M
Q2 24
$-32.8M
$4.1M
Q1 24
$-44.1M
$-19.1M
Free Cash Flow
ADCT
ADCT
CHMI
CHMI
Q4 25
Q3 25
Q2 25
Q1 25
$-56.6M
Q4 24
$-21.9M
Q3 24
$-25.3M
Q2 24
$-32.9M
Q1 24
$-44.6M
FCF Margin
ADCT
ADCT
CHMI
CHMI
Q4 25
Q3 25
Q2 25
Q1 25
-325.2%
Q4 24
-129.8%
Q3 24
-140.2%
Q2 24
-193.0%
Q1 24
-250.0%
Capex Intensity
ADCT
ADCT
CHMI
CHMI
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.5%
Q4 24
0.5%
Q3 24
1.2%
Q2 24
0.2%
Q1 24
3.0%
Cash Conversion
ADCT
ADCT
CHMI
CHMI
Q4 25
Q3 25
-0.53×
Q2 25
7.98×
Q1 25
Q4 24
Q3 24
Q2 24
5.18×
Q1 24
-1.58×

Financial Flow Comparison

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

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