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

FIBROGEN INC is the larger business by last-quarter revenue ($25.4M vs $23.1M, roughly 1.1× ADC Therapeutics SA). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs -29.9%). Over the past eight quarters, ADC Therapeutics SA's revenue compounded faster (13.7% CAGR vs -7.8%).

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.

FibroGen Inc. is a biopharmaceutical firm developing and commercializing innovative therapies for unmet medical needs, targeting fibrotic diseases, anemia and cancer. Its lead product roxadustat is approved in multiple markets including China and Japan, serving patients across key therapeutic segments.

ADCT vs KYNB — Head-to-Head

Bigger by revenue
KYNB
KYNB
1.1× larger
KYNB
$25.4M
$23.1M
ADCT
Growing faster (revenue YoY)
ADCT
ADCT
+66.2% gap
ADCT
36.4%
-29.9%
KYNB
Faster 2-yr revenue CAGR
ADCT
ADCT
Annualised
ADCT
13.7%
-7.8%
KYNB

Income Statement — Q4 FY2025 vs Q1 FY2024

Metric
ADCT
ADCT
KYNB
KYNB
Revenue
$23.1M
$25.4M
Net Profit
$-32.9M
Gross Margin
15.9%
Operating Margin
-77.7%
-193.9%
Net Margin
-129.8%
Revenue YoY
36.4%
-29.9%
Net Profit YoY
57.1%
EPS (diluted)
$0.04
$-0.33

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
KYNB
KYNB
Q4 25
$23.1M
Q3 25
$15.8M
Q2 25
$18.1M
Q1 25
$17.4M
Q4 24
$16.9M
Q3 24
$18.0M
Q2 24
$17.0M
Q1 24
$17.8M
$25.4M
Net Profit
ADCT
ADCT
KYNB
KYNB
Q4 25
Q3 25
$-41.0M
Q2 25
$-56.6M
Q1 25
$-38.6M
Q4 24
Q3 24
$-44.0M
Q2 24
$-36.5M
Q1 24
$-46.6M
$-32.9M
Gross Margin
ADCT
ADCT
KYNB
KYNB
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
15.9%
Operating Margin
ADCT
ADCT
KYNB
KYNB
Q4 25
-77.7%
Q3 25
-196.6%
Q2 25
-244.1%
Q1 25
-163.5%
Q4 24
-191.8%
Q3 24
-197.4%
Q2 24
-170.5%
Q1 24
-188.3%
-193.9%
Net Margin
ADCT
ADCT
KYNB
KYNB
Q4 25
Q3 25
-260.1%
Q2 25
-313.2%
Q1 25
-221.8%
Q4 24
Q3 24
-244.1%
Q2 24
-214.6%
Q1 24
-261.1%
-129.8%
EPS (diluted)
ADCT
ADCT
KYNB
KYNB
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
$-0.33

Balance Sheet & Financial Strength

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

Metric
ADCT
ADCT
KYNB
KYNB
Cash + ST InvestmentsLiquidity on hand
$261.3M
$177.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-185.8M
$-228.1M
Total Assets
$323.1M
$365.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADCT
ADCT
KYNB
KYNB
Q4 25
$261.3M
Q3 25
$234.7M
Q2 25
$264.6M
Q1 25
$194.7M
Q4 24
$250.9M
Q3 24
$274.3M
Q2 24
$300.1M
Q1 24
$234.3M
$177.6M
Stockholders' Equity
ADCT
ADCT
KYNB
KYNB
Q4 25
$-185.8M
Q3 25
$-238.2M
Q2 25
$-199.2M
Q1 25
$-238.2M
Q4 24
$-202.6M
Q3 24
$-171.9M
Q2 24
$-131.7M
Q1 24
$-194.4M
$-228.1M
Total Assets
ADCT
ADCT
KYNB
KYNB
Q4 25
$323.1M
Q3 25
$289.8M
Q2 25
$321.6M
Q1 25
$272.5M
Q4 24
$322.0M
Q3 24
$349.1M
Q2 24
$371.8M
Q1 24
$308.0M
$365.9M

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
KYNB
KYNB
Operating Cash FlowLast quarter
$-31.1M
$-59.3M
Free Cash FlowOCF − Capex
$-59.3M
FCF MarginFCF / Revenue
-233.9%
Capex IntensityCapex / Revenue
0.0%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-274.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADCT
ADCT
KYNB
KYNB
Q4 25
$-31.1M
Q3 25
$-29.6M
Q2 25
$-24.1M
Q1 25
$-56.3M
Q4 24
$-21.9M
Q3 24
$-25.0M
Q2 24
$-32.8M
Q1 24
$-44.1M
$-59.3M
Free Cash Flow
ADCT
ADCT
KYNB
KYNB
Q4 25
Q3 25
Q2 25
Q1 25
$-56.6M
Q4 24
$-21.9M
Q3 24
$-25.3M
Q2 24
$-32.9M
Q1 24
$-44.6M
$-59.3M
FCF Margin
ADCT
ADCT
KYNB
KYNB
Q4 25
Q3 25
Q2 25
Q1 25
-325.2%
Q4 24
-129.8%
Q3 24
-140.2%
Q2 24
-193.0%
Q1 24
-250.0%
-233.9%
Capex Intensity
ADCT
ADCT
KYNB
KYNB
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.5%
Q4 24
0.5%
Q3 24
1.2%
Q2 24
0.2%
Q1 24
3.0%
0.1%

Financial Flow Comparison

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

Revenue Breakdown by Segment

ADCT
ADCT

Segment breakdown not available.

KYNB
KYNB

Drug Product Revenue$24.5M97%
Other$878.0K3%

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