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Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and FGI Industries Ltd. (FGI). Click either name above to swap in a different company.

FGI Industries Ltd. is the larger business by last-quarter revenue ($30.5M vs $23.1M, roughly 1.3× ADC Therapeutics SA). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs -14.4%). Over the past eight quarters, ADC Therapeutics SA's revenue compounded faster (13.7% CAGR vs -0.5%).

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.

FGI Industries Ltd is a global designer, manufacturer and distributor of kitchen and bath products, home organization solutions, and home improvement goods. It serves major retail chains, home specialty stores and e-commerce platforms across North America, Europe and the Asia-Pacific region.

ADCT vs FGI — Head-to-Head

Bigger by revenue
FGI
FGI
1.3× larger
FGI
$30.5M
$23.1M
ADCT
Growing faster (revenue YoY)
ADCT
ADCT
+50.8% gap
ADCT
36.4%
-14.4%
FGI
Faster 2-yr revenue CAGR
ADCT
ADCT
Annualised
ADCT
13.7%
-0.5%
FGI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ADCT
ADCT
FGI
FGI
Revenue
$23.1M
$30.5M
Net Profit
$-2.6M
Gross Margin
26.7%
Operating Margin
-77.7%
-2.2%
Net Margin
-8.6%
Revenue YoY
36.4%
-14.4%
Net Profit YoY
-553.1%
EPS (diluted)
$0.04
$-1.63

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
FGI
FGI
Q4 25
$23.1M
$30.5M
Q3 25
$15.8M
$35.8M
Q2 25
$18.1M
$31.0M
Q1 25
$17.4M
$33.2M
Q4 24
$16.9M
$35.6M
Q3 24
$18.0M
$36.1M
Q2 24
$17.0M
$29.4M
Q1 24
$17.8M
$30.8M
Net Profit
ADCT
ADCT
FGI
FGI
Q4 25
$-2.6M
Q3 25
$-41.0M
$-1.7M
Q2 25
$-56.6M
$-1.2M
Q1 25
$-38.6M
$-629.1K
Q4 24
$-402.3K
Q3 24
$-44.0M
$-550.1K
Q2 24
$-36.5M
$163.6K
Q1 24
$-46.6M
$-412.2K
Gross Margin
ADCT
ADCT
FGI
FGI
Q4 25
26.7%
Q3 25
26.5%
Q2 25
28.1%
Q1 25
26.8%
Q4 24
24.6%
Q3 24
25.8%
Q2 24
30.5%
Q1 24
27.4%
Operating Margin
ADCT
ADCT
FGI
FGI
Q4 25
-77.7%
-2.2%
Q3 25
-196.6%
1.0%
Q2 25
-244.1%
-2.7%
Q1 25
-163.5%
-3.9%
Q4 24
-191.8%
-3.5%
Q3 24
-197.4%
-0.2%
Q2 24
-170.5%
-1.5%
Q1 24
-188.3%
-1.0%
Net Margin
ADCT
ADCT
FGI
FGI
Q4 25
-8.6%
Q3 25
-260.1%
-4.6%
Q2 25
-313.2%
-4.0%
Q1 25
-221.8%
-1.9%
Q4 24
-1.1%
Q3 24
-244.1%
-1.5%
Q2 24
-214.6%
0.6%
Q1 24
-261.1%
-1.3%
EPS (diluted)
ADCT
ADCT
FGI
FGI
Q4 25
$0.04
$-1.63
Q3 25
$-0.30
$-0.86
Q2 25
$-0.50
$-0.64
Q1 25
$-0.36
$-0.07
Q4 24
$-0.26
$-0.38
Q3 24
$-0.42
$-0.29
Q2 24
$-0.38
$0.08
Q1 24
$-0.56
$-0.04

Balance Sheet & Financial Strength

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

Metric
ADCT
ADCT
FGI
FGI
Cash + ST InvestmentsLiquidity on hand
$261.3M
$1.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-185.8M
$17.3M
Total Assets
$323.1M
$69.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADCT
ADCT
FGI
FGI
Q4 25
$261.3M
$1.9M
Q3 25
$234.7M
$1.9M
Q2 25
$264.6M
$2.5M
Q1 25
$194.7M
$1.2M
Q4 24
$250.9M
$4.6M
Q3 24
$274.3M
$3.0M
Q2 24
$300.1M
$1.3M
Q1 24
$234.3M
$3.3M
Stockholders' Equity
ADCT
ADCT
FGI
FGI
Q4 25
$-185.8M
$17.3M
Q3 25
$-238.2M
$19.7M
Q2 25
$-199.2M
$21.3M
Q1 25
$-238.2M
$21.8M
Q4 24
$-202.6M
$22.3M
Q3 24
$-171.9M
$23.5M
Q2 24
$-131.7M
$23.8M
Q1 24
$-194.4M
$23.9M
Total Assets
ADCT
ADCT
FGI
FGI
Q4 25
$323.1M
$69.5M
Q3 25
$289.8M
$73.0M
Q2 25
$321.6M
$71.7M
Q1 25
$272.5M
$68.5M
Q4 24
$322.0M
$75.5M
Q3 24
$349.1M
$74.7M
Q2 24
$371.8M
$69.9M
Q1 24
$308.0M
$68.6M

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
FGI
FGI
Operating Cash FlowLast quarter
$-31.1M
$2.3M
Free Cash FlowOCF − Capex
$2.3M
FCF MarginFCF / Revenue
7.5%
Capex IntensityCapex / Revenue
0.0%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-212.5K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADCT
ADCT
FGI
FGI
Q4 25
$-31.1M
$2.3M
Q3 25
$-29.6M
$-1.9M
Q2 25
$-24.1M
$7.6M
Q1 25
$-56.3M
$-7.4M
Q4 24
$-21.9M
$617.4K
Q3 24
$-25.0M
$-915.0K
Q2 24
$-32.8M
$862.1K
Q1 24
$-44.1M
$-8.0M
Free Cash Flow
ADCT
ADCT
FGI
FGI
Q4 25
$2.3M
Q3 25
$-2.1M
Q2 25
$7.4M
Q1 25
$-56.6M
$-7.7M
Q4 24
$-21.9M
$-214.1K
Q3 24
$-25.3M
$-1.1M
Q2 24
$-32.9M
$281.5K
Q1 24
$-44.6M
$-8.6M
FCF Margin
ADCT
ADCT
FGI
FGI
Q4 25
7.5%
Q3 25
-5.9%
Q2 25
23.8%
Q1 25
-325.2%
-23.3%
Q4 24
-129.8%
-0.6%
Q3 24
-140.2%
-3.0%
Q2 24
-193.0%
1.0%
Q1 24
-250.0%
-28.0%
Capex Intensity
ADCT
ADCT
FGI
FGI
Q4 25
0.0%
0.2%
Q3 25
0.0%
0.7%
Q2 25
0.0%
0.7%
Q1 25
1.5%
1.1%
Q4 24
0.5%
2.3%
Q3 24
1.2%
0.5%
Q2 24
0.2%
2.0%
Q1 24
3.0%
2.0%
Cash Conversion
ADCT
ADCT
FGI
FGI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
5.27×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ADCT
ADCT

Segment breakdown not available.

FGI
FGI

Sanitaryware$19.1M63%
Shower System$5.8M19%
Kitchen And Bath Other$3.3M11%
Bath Furniture Products$2.3M7%

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