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

ADC Therapeutics SA is the larger business by last-quarter revenue ($23.1M vs $18.7M, roughly 1.2× CytomX Therapeutics, Inc.). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs -25.7%). Over the past eight quarters, ADC Therapeutics SA's revenue compounded faster (13.7% CAGR vs -15.9%).

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.

CytomX Therapeutics is a clinical-stage biotechnology company specializing in innovative cancer immunotherapies. It leverages its proprietary Probody technology platform to develop targeted therapies that activate exclusively in tumor microenvironments, minimizing off-target toxicities, with a pipeline covering multiple solid tumor indications and partnerships with leading global pharmaceutical firms.

ADCT vs CTMX — Head-to-Head

Bigger by revenue
ADCT
ADCT
1.2× larger
ADCT
$23.1M
$18.7M
CTMX
Growing faster (revenue YoY)
ADCT
ADCT
+62.1% gap
ADCT
36.4%
-25.7%
CTMX
Faster 2-yr revenue CAGR
ADCT
ADCT
Annualised
ADCT
13.7%
-15.9%
CTMX

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
ADCT
ADCT
CTMX
CTMX
Revenue
$23.1M
$18.7M
Net Profit
$-154.0K
Gross Margin
Operating Margin
-77.7%
-6.9%
Net Margin
-0.8%
Revenue YoY
36.4%
-25.7%
Net Profit YoY
97.6%
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
CTMX
CTMX
Q4 25
$23.1M
Q3 25
$15.8M
Q2 25
$18.1M
$18.7M
Q1 25
$17.4M
$50.9M
Q4 24
$16.9M
$38.1M
Q3 24
$18.0M
$33.4M
Q2 24
$17.0M
$25.1M
Q1 24
$17.8M
$41.5M
Net Profit
ADCT
ADCT
CTMX
CTMX
Q4 25
Q3 25
$-41.0M
Q2 25
$-56.6M
$-154.0K
Q1 25
$-38.6M
$23.5M
Q4 24
$18.9M
Q3 24
$-44.0M
$5.7M
Q2 24
$-36.5M
$-6.5M
Q1 24
$-46.6M
$13.8M
Operating Margin
ADCT
ADCT
CTMX
CTMX
Q4 25
-77.7%
Q3 25
-196.6%
Q2 25
-244.1%
-6.9%
Q1 25
-163.5%
44.4%
Q4 24
-191.8%
46.4%
Q3 24
-197.4%
12.3%
Q2 24
-170.5%
-33.7%
Q1 24
-188.3%
28.1%
Net Margin
ADCT
ADCT
CTMX
CTMX
Q4 25
Q3 25
-260.1%
Q2 25
-313.2%
-0.8%
Q1 25
-221.8%
46.2%
Q4 24
49.6%
Q3 24
-244.1%
17.2%
Q2 24
-214.6%
-26.0%
Q1 24
-261.1%
33.3%
EPS (diluted)
ADCT
ADCT
CTMX
CTMX
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
CTMX
CTMX
Cash + ST InvestmentsLiquidity on hand
$261.3M
$49.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-185.8M
$119.9M
Total Assets
$323.1M
$175.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADCT
ADCT
CTMX
CTMX
Q4 25
$261.3M
Q3 25
$234.7M
Q2 25
$264.6M
$49.0M
Q1 25
$194.7M
$47.6M
Q4 24
$250.9M
$38.1M
Q3 24
$274.3M
$40.6M
Q2 24
$300.1M
$43.2M
Q1 24
$234.3M
$36.2M
Stockholders' Equity
ADCT
ADCT
CTMX
CTMX
Q4 25
$-185.8M
Q3 25
$-238.2M
Q2 25
$-199.2M
$119.9M
Q1 25
$-238.2M
$25.0M
Q4 24
$-202.6M
$-456.0K
Q3 24
$-171.9M
$-23.5M
Q2 24
$-131.7M
$-31.2M
Q1 24
$-194.4M
$-31.7M
Total Assets
ADCT
ADCT
CTMX
CTMX
Q4 25
$323.1M
Q3 25
$289.8M
Q2 25
$321.6M
$175.1M
Q1 25
$272.5M
$98.5M
Q4 24
$322.0M
$120.5M
Q3 24
$349.1M
$139.0M
Q2 24
$371.8M
$159.2M
Q1 24
$308.0M
$184.7M

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
CTMX
CTMX
Operating Cash FlowLast quarter
$-31.1M
$-15.8M
Free Cash FlowOCF − Capex
$-15.8M
FCF MarginFCF / Revenue
-84.6%
Capex IntensityCapex / Revenue
0.0%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-77.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADCT
ADCT
CTMX
CTMX
Q4 25
$-31.1M
Q3 25
$-29.6M
Q2 25
$-24.1M
$-15.8M
Q1 25
$-56.3M
$-21.0M
Q4 24
$-21.9M
$-19.9M
Q3 24
$-25.0M
$-20.7M
Q2 24
$-32.8M
$-19.5M
Q1 24
$-44.1M
$-26.0M
Free Cash Flow
ADCT
ADCT
CTMX
CTMX
Q4 25
Q3 25
Q2 25
$-15.8M
Q1 25
$-56.6M
$-21.2M
Q4 24
$-21.9M
$-20.0M
Q3 24
$-25.3M
$-20.7M
Q2 24
$-32.9M
$-19.6M
Q1 24
$-44.6M
$-26.2M
FCF Margin
ADCT
ADCT
CTMX
CTMX
Q4 25
Q3 25
Q2 25
-84.6%
Q1 25
-325.2%
-41.6%
Q4 24
-129.8%
-52.5%
Q3 24
-140.2%
-62.1%
Q2 24
-193.0%
-78.2%
Q1 24
-250.0%
-63.1%
Capex Intensity
ADCT
ADCT
CTMX
CTMX
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
0.1%
Q1 25
1.5%
0.2%
Q4 24
0.5%
0.2%
Q3 24
1.2%
0.1%
Q2 24
0.2%
0.4%
Q1 24
3.0%
0.3%
Cash Conversion
ADCT
ADCT
CTMX
CTMX
Q4 25
Q3 25
Q2 25
Q1 25
-0.89×
Q4 24
-1.05×
Q3 24
-3.61×
Q2 24
Q1 24
-1.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ADCT
ADCT

Segment breakdown not available.

CTMX
CTMX

Bristol Myers Squibb Company$11.6M62%
Astellas Pharma Inc$4.6M25%
Regeneron Pharmaceuticals Inc$2.1M11%

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