vs

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

Clearfield, Inc. is the larger business by last-quarter revenue ($34.3M vs $23.1M, roughly 1.5× ADC Therapeutics SA). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs -3.2%). Over the past eight quarters, ADC Therapeutics SA's revenue compounded faster (13.7% CAGR vs -3.5%).

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.

Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.

ADCT vs CLFD — Head-to-Head

Bigger by revenue
CLFD
CLFD
1.5× larger
CLFD
$34.3M
$23.1M
ADCT
Growing faster (revenue YoY)
ADCT
ADCT
+39.6% gap
ADCT
36.4%
-3.2%
CLFD
Faster 2-yr revenue CAGR
ADCT
ADCT
Annualised
ADCT
13.7%
-3.5%
CLFD

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ADCT
ADCT
CLFD
CLFD
Revenue
$23.1M
$34.3M
Net Profit
$-614.0K
Gross Margin
33.2%
Operating Margin
-77.7%
-5.3%
Net Margin
-1.8%
Revenue YoY
36.4%
-3.2%
Net Profit YoY
67.8%
EPS (diluted)
$0.04
$-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
CLFD
CLFD
Q4 25
$23.1M
$34.3M
Q3 25
$15.8M
$23.4M
Q2 25
$18.1M
$49.9M
Q1 25
$17.4M
$47.2M
Q4 24
$16.9M
$29.7M
Q3 24
$18.0M
$5.6M
Q2 24
$17.0M
$48.8M
Q1 24
$17.8M
$36.9M
Net Profit
ADCT
ADCT
CLFD
CLFD
Q4 25
$-614.0K
Q3 25
$-41.0M
$-9.1M
Q2 25
$-56.6M
$1.6M
Q1 25
$-38.6M
$1.3M
Q4 24
$-1.9M
Q3 24
$-44.0M
Q2 24
$-36.5M
$-447.0K
Q1 24
$-46.6M
$-5.9M
Gross Margin
ADCT
ADCT
CLFD
CLFD
Q4 25
33.2%
Q3 25
53.2%
Q2 25
30.5%
Q1 25
30.1%
Q4 24
29.2%
Q3 24
Q2 24
21.9%
Q1 24
7.7%
Operating Margin
ADCT
ADCT
CLFD
CLFD
Q4 25
-77.7%
-5.3%
Q3 25
-196.6%
10.3%
Q2 25
-244.1%
3.0%
Q1 25
-163.5%
0.6%
Q4 24
-191.8%
-6.9%
Q3 24
-197.4%
Q2 24
-170.5%
-4.7%
Q1 24
-188.3%
-26.4%
Net Margin
ADCT
ADCT
CLFD
CLFD
Q4 25
-1.8%
Q3 25
-260.1%
-38.8%
Q2 25
-313.2%
3.2%
Q1 25
-221.8%
2.8%
Q4 24
-6.4%
Q3 24
-244.1%
Q2 24
-214.6%
-0.9%
Q1 24
-261.1%
-16.0%
EPS (diluted)
ADCT
ADCT
CLFD
CLFD
Q4 25
$0.04
$-0.04
Q3 25
$-0.30
$-0.65
Q2 25
$-0.50
$0.11
Q1 25
$-0.36
$0.09
Q4 24
$-0.26
$-0.13
Q3 24
$-0.42
Q2 24
$-0.38
$-0.04
Q1 24
$-0.56
$-0.40

Balance Sheet & Financial Strength

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

Metric
ADCT
ADCT
CLFD
CLFD
Cash + ST InvestmentsLiquidity on hand
$261.3M
$96.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-185.8M
$249.7M
Total Assets
$323.1M
$268.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADCT
ADCT
CLFD
CLFD
Q4 25
$261.3M
$96.4M
Q3 25
$234.7M
$106.0M
Q2 25
$264.6M
$117.2M
Q1 25
$194.7M
$112.0M
Q4 24
$250.9M
$113.0M
Q3 24
$274.3M
$129.0M
Q2 24
$300.1M
$123.8M
Q1 24
$234.3M
$142.9M
Total Debt
ADCT
ADCT
CLFD
CLFD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
ADCT
ADCT
CLFD
CLFD
Q4 25
$-185.8M
$249.7M
Q3 25
$-238.2M
$256.2M
Q2 25
$-199.2M
$264.5M
Q1 25
$-238.2M
$265.9M
Q4 24
$-202.6M
$267.4M
Q3 24
$-171.9M
$275.8M
Q2 24
$-131.7M
$274.6M
Q1 24
$-194.4M
$279.2M
Total Assets
ADCT
ADCT
CLFD
CLFD
Q4 25
$323.1M
$268.1M
Q3 25
$289.8M
$306.2M
Q2 25
$321.6M
$314.7M
Q1 25
$272.5M
$310.9M
Q4 24
$322.0M
$303.2M
Q3 24
$349.1M
$315.3M
Q2 24
$371.8M
$318.1M
Q1 24
$308.0M
$315.4M
Debt / Equity
ADCT
ADCT
CLFD
CLFD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.01×
Q2 24
0.01×
Q1 24

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
CLFD
CLFD
Operating Cash FlowLast quarter
$-31.1M
$-1.4M
Free Cash FlowOCF − Capex
$-2.4M
FCF MarginFCF / Revenue
-7.1%
Capex IntensityCapex / Revenue
0.0%
2.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADCT
ADCT
CLFD
CLFD
Q4 25
$-31.1M
$-1.4M
Q3 25
$-29.6M
Q2 25
$-24.1M
$7.9M
Q1 25
$-56.3M
$3.0M
Q4 24
$-21.9M
$7.2M
Q3 24
$-25.0M
$22.2M
Q2 24
$-32.8M
$4.0M
Q1 24
$-44.1M
$-5.7M
Free Cash Flow
ADCT
ADCT
CLFD
CLFD
Q4 25
$-2.4M
Q3 25
Q2 25
$7.5M
Q1 25
$-56.6M
$654.0K
Q4 24
$-21.9M
$5.1M
Q3 24
$-25.3M
$18.2M
Q2 24
$-32.9M
$2.8M
Q1 24
$-44.6M
$-7.7M
FCF Margin
ADCT
ADCT
CLFD
CLFD
Q4 25
-7.1%
Q3 25
Q2 25
15.1%
Q1 25
-325.2%
1.4%
Q4 24
-129.8%
17.1%
Q3 24
-140.2%
323.0%
Q2 24
-193.0%
5.8%
Q1 24
-250.0%
-20.8%
Capex Intensity
ADCT
ADCT
CLFD
CLFD
Q4 25
0.0%
2.9%
Q3 25
0.0%
2.0%
Q2 25
0.0%
0.8%
Q1 25
1.5%
5.1%
Q4 24
0.5%
7.0%
Q3 24
1.2%
71.4%
Q2 24
0.2%
2.5%
Q1 24
3.0%
5.3%
Cash Conversion
ADCT
ADCT
CLFD
CLFD
Q4 25
Q3 25
Q2 25
4.93×
Q1 25
2.30×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Related Comparisons