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Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and FREQUENCY ELECTRONICS INC (FEIM). Click either name above to swap in a different company.
ADC Therapeutics SA is the larger business by last-quarter revenue ($23.1M vs $17.1M, roughly 1.3× FREQUENCY ELECTRONICS INC). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs 8.3%). Over the past eight quarters, ADC Therapeutics SA's revenue compounded faster (13.7% CAGR vs 11.8%).
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.
Ultra Electronics Holdings is a British defence and security company. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by Cobham, which is itself owned by Advent International.
ADCT vs FEIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $23.1M | $17.1M |
| Net Profit | — | $1.8M |
| Gross Margin | — | 38.2% |
| Operating Margin | -77.7% | 10.0% |
| Net Margin | — | 10.5% |
| Revenue YoY | 36.4% | 8.3% |
| Net Profit YoY | — | -32.1% |
| 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.
| Q4 25 | $23.1M | $17.1M | ||
| Q3 25 | $15.8M | $13.8M | ||
| Q2 25 | $18.1M | $20.0M | ||
| Q1 25 | $17.4M | $18.9M | ||
| Q4 24 | $16.9M | $15.8M | ||
| Q3 24 | $18.0M | $15.1M | ||
| Q2 24 | $17.0M | $15.6M | ||
| Q1 24 | $17.8M | $13.7M |
| Q4 25 | — | $1.8M | ||
| Q3 25 | $-41.0M | $634.0K | ||
| Q2 25 | $-56.6M | $3.2M | ||
| Q1 25 | $-38.6M | $15.4M | ||
| Q4 24 | — | $2.7M | ||
| Q3 24 | $-44.0M | $2.4M | ||
| Q2 24 | $-36.5M | $2.6M | ||
| Q1 24 | $-46.6M | $130.0K |
| Q4 25 | — | 38.2% | ||
| Q3 25 | — | 36.8% | ||
| Q2 25 | — | 37.5% | ||
| Q1 25 | — | 43.8% | ||
| Q4 24 | — | 48.2% | ||
| Q3 24 | — | 44.4% | ||
| Q2 24 | — | 40.3% | ||
| Q1 24 | — | 22.6% |
| Q4 25 | -77.7% | 10.0% | ||
| Q3 25 | -196.6% | 2.6% | ||
| Q2 25 | -244.1% | 16.4% | ||
| Q1 25 | -163.5% | 18.3% | ||
| Q4 24 | -191.8% | 16.5% | ||
| Q3 24 | -197.4% | 15.7% | ||
| Q2 24 | -170.5% | 16.0% | ||
| Q1 24 | -188.3% | -3.4% |
| Q4 25 | — | 10.5% | ||
| Q3 25 | -260.1% | 4.6% | ||
| Q2 25 | -313.2% | 16.0% | ||
| Q1 25 | -221.8% | 81.4% | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | -244.1% | 16.1% | ||
| Q2 24 | -214.6% | 16.9% | ||
| Q1 24 | -261.1% | 0.9% |
| Q4 25 | $0.04 | $0.18 | ||
| Q3 25 | $-0.30 | $0.07 | ||
| Q2 25 | $-0.50 | $0.33 | ||
| Q1 25 | $-0.36 | $1.60 | ||
| Q4 24 | $-0.26 | $0.28 | ||
| Q3 24 | $-0.42 | $0.25 | ||
| Q2 24 | $-0.38 | $0.28 | ||
| Q1 24 | $-0.56 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $261.3M | $3.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-185.8M | $58.5M |
| Total Assets | $323.1M | $92.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $261.3M | $3.0M | ||
| Q3 25 | $234.7M | $4.5M | ||
| Q2 25 | $264.6M | $4.7M | ||
| Q1 25 | $194.7M | $5.5M | ||
| Q4 24 | $250.9M | $9.7M | ||
| Q3 24 | $274.3M | $16.2M | ||
| Q2 24 | $300.1M | $18.3M | ||
| Q1 24 | $234.3M | $11.7M |
| Q4 25 | $-185.8M | $58.5M | ||
| Q3 25 | $-238.2M | $56.3M | ||
| Q2 25 | $-199.2M | $55.6M | ||
| Q1 25 | $-238.2M | $51.8M | ||
| Q4 24 | $-202.6M | $36.2M | ||
| Q3 24 | $-171.9M | $33.2M | ||
| Q2 24 | $-131.7M | $39.8M | ||
| Q1 24 | $-194.4M | $36.7M |
| Q4 25 | $323.1M | $92.3M | ||
| Q3 25 | $289.8M | $93.2M | ||
| Q2 25 | $321.6M | $93.7M | ||
| Q1 25 | $272.5M | $86.4M | ||
| Q4 24 | $322.0M | $77.8M | ||
| Q3 24 | $349.1M | $84.3M | ||
| Q2 24 | $371.8M | $83.3M | ||
| Q1 24 | $308.0M | $77.7M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-31.1M | $-523.0K |
| Free Cash FlowOCF − Capex | — | $-1.1M |
| FCF MarginFCF / Revenue | — | -6.6% |
| Capex IntensityCapex / Revenue | 0.0% | 3.6% |
| Cash ConversionOCF / Net Profit | — | -0.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-5.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-31.1M | $-523.0K | ||
| Q3 25 | $-29.6M | $1.2M | ||
| Q2 25 | $-24.1M | $-155.0K | ||
| Q1 25 | $-56.3M | $-3.6M | ||
| Q4 24 | $-21.9M | $3.8M | ||
| Q3 24 | $-25.0M | $-1.5M | ||
| Q2 24 | $-32.8M | $7.5M | ||
| Q1 24 | $-44.1M | $4.2M |
| Q4 25 | — | $-1.1M | ||
| Q3 25 | — | $385.0K | ||
| Q2 25 | — | $-786.0K | ||
| Q1 25 | $-56.6M | $-4.0M | ||
| Q4 24 | $-21.9M | $3.3M | ||
| Q3 24 | $-25.3M | $-1.8M | ||
| Q2 24 | $-32.9M | $6.7M | ||
| Q1 24 | $-44.6M | $3.9M |
| Q4 25 | — | -6.6% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | -3.9% | ||
| Q1 25 | -325.2% | -20.9% | ||
| Q4 24 | -129.8% | 20.8% | ||
| Q3 24 | -140.2% | -11.8% | ||
| Q2 24 | -193.0% | 42.8% | ||
| Q1 24 | -250.0% | 28.4% |
| Q4 25 | 0.0% | 3.6% | ||
| Q3 25 | 0.0% | 5.6% | ||
| Q2 25 | 0.0% | 3.2% | ||
| Q1 25 | 1.5% | 1.7% | ||
| Q4 24 | 0.5% | 3.3% | ||
| Q3 24 | 1.2% | 2.2% | ||
| Q2 24 | 0.2% | 5.3% | ||
| Q1 24 | 3.0% | 2.3% |
| Q4 25 | — | -0.29× | ||
| Q3 25 | — | 1.83× | ||
| Q2 25 | — | -0.05× | ||
| Q1 25 | — | -0.24× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | -0.60× | ||
| Q2 24 | — | 2.85× | ||
| Q1 24 | — | 32.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADCT
Segment breakdown not available.
FEIM
| POC Revenue | $14.8M | 86% |
| POT Revenue | $2.3M | 13% |
