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Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and INNEOVA Holdings Ltd (INEO). Click either name above to swap in a different company.
INNEOVA Holdings Ltd is the larger business by last-quarter revenue ($30.8M vs $23.1M, roughly 1.3× ADC Therapeutics SA).
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.
ADCT vs INEO — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2025
| Metric | ||
|---|---|---|
| Revenue | $23.1M | $30.8M |
| Net Profit | — | $243.0K |
| Gross Margin | — | 19.3% |
| Operating Margin | -77.7% | 3.6% |
| Net Margin | — | 0.8% |
| Revenue YoY | 36.4% | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.04 | $0.02 |
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 | — | ||
| Q3 25 | $15.8M | — | ||
| Q2 25 | $18.1M | $30.8M | ||
| Q1 25 | $17.4M | — | ||
| Q4 24 | $16.9M | — | ||
| Q3 24 | $18.0M | — | ||
| Q2 24 | $17.0M | — | ||
| Q1 24 | $17.8M | — |
| Q4 25 | — | — | ||
| Q3 25 | $-41.0M | — | ||
| Q2 25 | $-56.6M | $243.0K | ||
| Q1 25 | $-38.6M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-44.0M | — | ||
| Q2 24 | $-36.5M | — | ||
| Q1 24 | $-46.6M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 19.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -77.7% | — | ||
| Q3 25 | -196.6% | — | ||
| Q2 25 | -244.1% | 3.6% | ||
| Q1 25 | -163.5% | — | ||
| Q4 24 | -191.8% | — | ||
| Q3 24 | -197.4% | — | ||
| Q2 24 | -170.5% | — | ||
| Q1 24 | -188.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | -260.1% | — | ||
| Q2 25 | -313.2% | 0.8% | ||
| Q1 25 | -221.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -244.1% | — | ||
| Q2 24 | -214.6% | — | ||
| Q1 24 | -261.1% | — |
| Q4 25 | $0.04 | — | ||
| Q3 25 | $-0.30 | — | ||
| Q2 25 | $-0.50 | $0.02 | ||
| 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 | ||
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $261.3M | $2.1M |
| Total DebtLower is stronger | — | $2.9M |
| Stockholders' EquityBook value | $-185.8M | $11.2M |
| Total Assets | $323.1M | $52.6M |
| Debt / EquityLower = less leverage | — | 0.26× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $261.3M | — | ||
| Q3 25 | $234.7M | — | ||
| Q2 25 | $264.6M | $2.1M | ||
| Q1 25 | $194.7M | — | ||
| Q4 24 | $250.9M | — | ||
| Q3 24 | $274.3M | — | ||
| Q2 24 | $300.1M | — | ||
| Q1 24 | $234.3M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $2.9M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-185.8M | — | ||
| Q3 25 | $-238.2M | — | ||
| Q2 25 | $-199.2M | $11.2M | ||
| Q1 25 | $-238.2M | — | ||
| Q4 24 | $-202.6M | — | ||
| Q3 24 | $-171.9M | — | ||
| Q2 24 | $-131.7M | — | ||
| Q1 24 | $-194.4M | — |
| Q4 25 | $323.1M | — | ||
| Q3 25 | $289.8M | — | ||
| Q2 25 | $321.6M | $52.6M | ||
| Q1 25 | $272.5M | — | ||
| Q4 24 | $322.0M | — | ||
| Q3 24 | $349.1M | — | ||
| Q2 24 | $371.8M | — | ||
| Q1 24 | $308.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.26× | ||
| 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 | ||
|---|---|---|
| Operating Cash FlowLast quarter | $-31.1M | $-301.0K |
| Free Cash FlowOCF − Capex | — | $-1.5M |
| FCF MarginFCF / Revenue | — | -4.8% |
| Capex IntensityCapex / Revenue | 0.0% | 3.8% |
| Cash ConversionOCF / Net Profit | — | -1.24× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-31.1M | — | ||
| Q3 25 | $-29.6M | — | ||
| Q2 25 | $-24.1M | $-301.0K | ||
| Q1 25 | $-56.3M | — | ||
| Q4 24 | $-21.9M | — | ||
| Q3 24 | $-25.0M | — | ||
| Q2 24 | $-32.8M | — | ||
| Q1 24 | $-44.1M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-1.5M | ||
| Q1 25 | $-56.6M | — | ||
| Q4 24 | $-21.9M | — | ||
| Q3 24 | $-25.3M | — | ||
| Q2 24 | $-32.9M | — | ||
| Q1 24 | $-44.6M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -4.8% | ||
| Q1 25 | -325.2% | — | ||
| Q4 24 | -129.8% | — | ||
| Q3 24 | -140.2% | — | ||
| Q2 24 | -193.0% | — | ||
| Q1 24 | -250.0% | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | 3.8% | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 3.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -1.24× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.