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Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and Local Bounti Corporation (LOCL). Click either name above to swap in a different company.

ADC Therapeutics SA is the larger business by last-quarter revenue ($23.1M vs $12.5M, roughly 1.9× Local Bounti Corporation). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs 23.7%). Over the past eight quarters, Local Bounti Corporation's revenue compounded faster (21.9% CAGR vs 13.7%).

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.

Local Bounti Corporation is a U.S.-based sustainable indoor agriculture firm growing fresh, pesticide-free leafy greens, herbs and produce via advanced hydroponic and vertical farming tech. It serves North American retail and food service partners, focusing on low environmental impact and stable year-round supply.

ADCT vs LOCL — Head-to-Head

Bigger by revenue
ADCT
ADCT
1.9× larger
ADCT
$23.1M
$12.5M
LOCL
Growing faster (revenue YoY)
ADCT
ADCT
+12.7% gap
ADCT
36.4%
23.7%
LOCL
Faster 2-yr revenue CAGR
LOCL
LOCL
Annualised
LOCL
21.9%
13.7%
ADCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ADCT
ADCT
LOCL
LOCL
Revenue
$23.1M
$12.5M
Net Profit
$-8.7M
Gross Margin
12.2%
Operating Margin
-77.7%
-106.1%
Net Margin
-69.8%
Revenue YoY
36.4%
23.7%
Net Profit YoY
76.0%
EPS (diluted)
$0.04
$1.52

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
LOCL
LOCL
Q4 25
$23.1M
$12.5M
Q3 25
$15.8M
$12.2M
Q2 25
$18.1M
$12.1M
Q1 25
$17.4M
$11.6M
Q4 24
$16.9M
$10.1M
Q3 24
$18.0M
$10.2M
Q2 24
$17.0M
$9.4M
Q1 24
$17.8M
$8.4M
Net Profit
ADCT
ADCT
LOCL
LOCL
Q4 25
$-8.7M
Q3 25
$-41.0M
$-26.4M
Q2 25
$-56.6M
$-21.6M
Q1 25
$-38.6M
$-37.7M
Q4 24
$-36.3M
Q3 24
$-44.0M
$-34.3M
Q2 24
$-36.5M
$-25.3M
Q1 24
$-46.6M
$-24.1M
Gross Margin
ADCT
ADCT
LOCL
LOCL
Q4 25
12.2%
Q3 25
11.5%
Q2 25
12.2%
Q1 25
12.6%
Q4 24
5.4%
Q3 24
13.8%
Q2 24
14.3%
Q1 24
9.4%
Operating Margin
ADCT
ADCT
LOCL
LOCL
Q4 25
-77.7%
-106.1%
Q3 25
-196.6%
-149.4%
Q2 25
-244.1%
-127.7%
Q1 25
-163.5%
-135.6%
Q4 24
-191.8%
-166.6%
Q3 24
-197.4%
-176.0%
Q2 24
-170.5%
-146.8%
Q1 24
-188.3%
-122.9%
Net Margin
ADCT
ADCT
LOCL
LOCL
Q4 25
-69.8%
Q3 25
-260.1%
-216.6%
Q2 25
-313.2%
-178.3%
Q1 25
-221.8%
-324.6%
Q4 24
-360.1%
Q3 24
-244.1%
-335.2%
Q2 24
-214.6%
-267.6%
Q1 24
-261.1%
-286.9%
EPS (diluted)
ADCT
ADCT
LOCL
LOCL
Q4 25
$0.04
$1.52
Q3 25
$-0.30
$-1.18
Q2 25
$-0.50
$-1.63
Q1 25
$-0.36
$-4.32
Q4 24
$-0.26
$-4.24
Q3 24
$-0.42
$-4.01
Q2 24
$-0.38
$-3.00
Q1 24
$-0.56
$-2.89

Balance Sheet & Financial Strength

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

Metric
ADCT
ADCT
LOCL
LOCL
Cash + ST InvestmentsLiquidity on hand
$261.3M
$4.2M
Total DebtLower is stronger
$483.1M
Stockholders' EquityBook value
$-185.8M
$-166.2M
Total Assets
$323.1M
$410.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADCT
ADCT
LOCL
LOCL
Q4 25
$261.3M
$4.2M
Q3 25
$234.7M
$6.2M
Q2 25
$264.6M
$5.3M
Q1 25
$194.7M
$18.0M
Q4 24
$250.9M
$937.0K
Q3 24
$274.3M
$317.0K
Q2 24
$300.1M
$9.7M
Q1 24
$234.3M
$8.2M
Total Debt
ADCT
ADCT
LOCL
LOCL
Q4 25
$483.1M
Q3 25
$484.9M
Q2 25
$478.3M
Q1 25
$480.0M
Q4 24
$436.8M
Q3 24
$398.4M
Q2 24
$374.0M
Q1 24
$329.8M
Stockholders' Equity
ADCT
ADCT
LOCL
LOCL
Q4 25
$-185.8M
$-166.2M
Q3 25
$-238.2M
$-158.1M
Q2 25
$-199.2M
$-132.7M
Q1 25
$-238.2M
$-134.5M
Q4 24
$-202.6M
$-100.5M
Q3 24
$-171.9M
$-65.6M
Q2 24
$-131.7M
$-32.8M
Q1 24
$-194.4M
$-9.4M
Total Assets
ADCT
ADCT
LOCL
LOCL
Q4 25
$323.1M
$410.5M
Q3 25
$289.8M
$417.8M
Q2 25
$321.6M
$426.8M
Q1 25
$272.5M
$447.2M
Q4 24
$322.0M
$428.0M
Q3 24
$349.1M
$430.8M
Q2 24
$371.8M
$438.1M
Q1 24
$308.0M
$413.4M

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
LOCL
LOCL
Operating Cash FlowLast quarter
$-31.1M
$-3.1M
Free Cash FlowOCF − Capex
$-3.6M
FCF MarginFCF / Revenue
-29.1%
Capex IntensityCapex / Revenue
0.0%
3.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-42.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADCT
ADCT
LOCL
LOCL
Q4 25
$-31.1M
$-3.1M
Q3 25
$-29.6M
$-8.9M
Q2 25
$-24.1M
$-8.7M
Q1 25
$-56.3M
$-9.6M
Q4 24
$-21.9M
$1.2M
Q3 24
$-25.0M
$-17.2M
Q2 24
$-32.8M
$-4.0M
Q1 24
$-44.1M
$-7.1M
Free Cash Flow
ADCT
ADCT
LOCL
LOCL
Q4 25
$-3.6M
Q3 25
$-10.1M
Q2 25
$-14.6M
Q1 25
$-56.6M
$-14.5M
Q4 24
$-21.9M
$-8.6M
Q3 24
$-25.3M
$-30.0M
Q2 24
$-32.9M
$-28.8M
Q1 24
$-44.6M
$-42.1M
FCF Margin
ADCT
ADCT
LOCL
LOCL
Q4 25
-29.1%
Q3 25
-82.8%
Q2 25
-121.0%
Q1 25
-325.2%
-125.1%
Q4 24
-129.8%
-85.3%
Q3 24
-140.2%
-293.1%
Q2 24
-193.0%
-305.4%
Q1 24
-250.0%
-501.8%
Capex Intensity
ADCT
ADCT
LOCL
LOCL
Q4 25
0.0%
3.9%
Q3 25
0.0%
9.7%
Q2 25
0.0%
48.9%
Q1 25
1.5%
42.8%
Q4 24
0.5%
97.6%
Q3 24
1.2%
125.0%
Q2 24
0.2%
263.0%
Q1 24
3.0%
417.3%

Financial Flow Comparison

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

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