vs

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

ADC Therapeutics SA is the larger business by last-quarter revenue ($23.1M vs $12.4M, roughly 1.9× enCore Energy Corp.).

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.

Devon Energy Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware with operational headquarters in the 50-story Devon Energy Center in Oklahoma City, Oklahoma. Its operations are in the Delaware Basin, Eagle Ford Group, and the Rocky Mountains.

ADCT vs EU — Head-to-Head

Bigger by revenue
ADCT
ADCT
1.9× larger
ADCT
$23.1M
$12.4M
EU

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ADCT
ADCT
EU
EU
Revenue
$23.1M
$12.4M
Net Profit
$-21.5M
Gross Margin
37.9%
Operating Margin
-77.7%
-135.9%
Net Margin
-173.9%
Revenue YoY
36.4%
Net Profit YoY
EPS (diluted)
$0.04
$-0.11

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
EU
EU
Q4 25
$23.1M
$12.4M
Q3 25
$15.8M
$8.9M
Q2 25
$18.1M
$3.7M
Q1 25
$17.4M
$18.2M
Q4 24
$16.9M
Q3 24
$18.0M
Q2 24
$17.0M
Q1 24
$17.8M
Net Profit
ADCT
ADCT
EU
EU
Q4 25
$-21.5M
Q3 25
$-41.0M
$-4.8M
Q2 25
$-56.6M
$-6.3M
Q1 25
$-38.6M
$-24.2M
Q4 24
Q3 24
$-44.0M
Q2 24
$-36.5M
Q1 24
$-46.6M
Gross Margin
ADCT
ADCT
EU
EU
Q4 25
37.9%
Q3 25
43.8%
Q2 25
30.8%
Q1 25
-0.1%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
ADCT
ADCT
EU
EU
Q4 25
-77.7%
-135.9%
Q3 25
-196.6%
-158.2%
Q2 25
-244.1%
-526.1%
Q1 25
-163.5%
-85.7%
Q4 24
-191.8%
Q3 24
-197.4%
Q2 24
-170.5%
Q1 24
-188.3%
Net Margin
ADCT
ADCT
EU
EU
Q4 25
-173.9%
Q3 25
-260.1%
-53.7%
Q2 25
-313.2%
-172.7%
Q1 25
-221.8%
-132.9%
Q4 24
Q3 24
-244.1%
Q2 24
-214.6%
Q1 24
-261.1%
EPS (diluted)
ADCT
ADCT
EU
EU
Q4 25
$0.04
$-0.11
Q3 25
$-0.30
$-0.03
Q2 25
$-0.50
$-0.03
Q1 25
$-0.36
$-0.13
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
EU
EU
Cash + ST InvestmentsLiquidity on hand
$261.3M
$52.4M
Total DebtLower is stronger
$110.0M
Stockholders' EquityBook value
$-185.8M
$229.2M
Total Assets
$323.1M
$430.4M
Debt / EquityLower = less leverage
0.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADCT
ADCT
EU
EU
Q4 25
$261.3M
$52.4M
Q3 25
$234.7M
$91.9M
Q2 25
$264.6M
$26.9M
Q1 25
$194.7M
$29.7M
Q4 24
$250.9M
Q3 24
$274.3M
Q2 24
$300.1M
Q1 24
$234.3M
Total Debt
ADCT
ADCT
EU
EU
Q4 25
$110.0M
Q3 25
$109.3M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ADCT
ADCT
EU
EU
Q4 25
$-185.8M
$229.2M
Q3 25
$-238.2M
$248.6M
Q2 25
$-199.2M
$264.7M
Q1 25
$-238.2M
$267.9M
Q4 24
$-202.6M
Q3 24
$-171.9M
Q2 24
$-131.7M
Q1 24
$-194.4M
Total Assets
ADCT
ADCT
EU
EU
Q4 25
$323.1M
$430.4M
Q3 25
$289.8M
$441.9M
Q2 25
$321.6M
$359.4M
Q1 25
$272.5M
$362.6M
Q4 24
$322.0M
Q3 24
$349.1M
Q2 24
$371.8M
Q1 24
$308.0M
Debt / Equity
ADCT
ADCT
EU
EU
Q4 25
0.48×
Q3 25
0.44×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
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
EU
EU
Operating Cash FlowLast quarter
$-31.1M
$12.9M
Free Cash FlowOCF − Capex
$7.2M
FCF MarginFCF / Revenue
57.8%
Capex IntensityCapex / Revenue
0.0%
46.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-45.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADCT
ADCT
EU
EU
Q4 25
$-31.1M
$12.9M
Q3 25
$-29.6M
$-20.3M
Q2 25
$-24.1M
$-9.9M
Q1 25
$-56.3M
$-7.7M
Q4 24
$-21.9M
Q3 24
$-25.0M
Q2 24
$-32.8M
Q1 24
$-44.1M
Free Cash Flow
ADCT
ADCT
EU
EU
Q4 25
$7.2M
Q3 25
$-26.3M
Q2 25
$-14.1M
Q1 25
$-56.6M
$-11.7M
Q4 24
$-21.9M
Q3 24
$-25.3M
Q2 24
$-32.9M
Q1 24
$-44.6M
FCF Margin
ADCT
ADCT
EU
EU
Q4 25
57.8%
Q3 25
-296.6%
Q2 25
-385.2%
Q1 25
-325.2%
-64.1%
Q4 24
-129.8%
Q3 24
-140.2%
Q2 24
-193.0%
Q1 24
-250.0%
Capex Intensity
ADCT
ADCT
EU
EU
Q4 25
0.0%
46.7%
Q3 25
0.0%
68.0%
Q2 25
0.0%
115.1%
Q1 25
1.5%
21.7%
Q4 24
0.5%
Q3 24
1.2%
Q2 24
0.2%
Q1 24
3.0%

Financial Flow Comparison

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

Related Comparisons