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Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and Laird Superfood, Inc. (LSF). Click either name above to swap in a different company.

ADC Therapeutics SA is the larger business by last-quarter revenue ($23.1M vs $13.3M, roughly 1.7× Laird Superfood, Inc.). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs 15.0%). Over the past eight quarters, Laird Superfood, Inc.'s revenue compounded faster (16.1% 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.

Laird Superfood, Inc. develops, manufactures and sells a portfolio of plant-based functional superfood products, including premium coffee creamers, hydration blends, nutritional supplements, and plant-powered snacks. It serves health-conscious consumers through direct-to-consumer e-commerce platforms and offline retail partners, mainly operating in the North American market with a focus on sustainably sourced clean ingredients.

ADCT vs LSF — Head-to-Head

Bigger by revenue
ADCT
ADCT
1.7× larger
ADCT
$23.1M
$13.3M
LSF
Growing faster (revenue YoY)
ADCT
ADCT
+21.3% gap
ADCT
36.4%
15.0%
LSF
Faster 2-yr revenue CAGR
LSF
LSF
Annualised
LSF
16.1%
13.7%
ADCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ADCT
ADCT
LSF
LSF
Revenue
$23.1M
$13.3M
Net Profit
$-1.8M
Gross Margin
34.1%
Operating Margin
-77.7%
-13.5%
Net Margin
-13.2%
Revenue YoY
36.4%
15.0%
Net Profit YoY
-341.4%
EPS (diluted)
$0.04

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
LSF
LSF
Q4 25
$23.1M
$13.3M
Q3 25
$15.8M
$12.9M
Q2 25
$18.1M
$12.0M
Q1 25
$17.4M
$11.7M
Q4 24
$16.9M
$11.6M
Q3 24
$18.0M
$11.8M
Q2 24
$17.0M
$10.0M
Q1 24
$17.8M
$9.9M
Net Profit
ADCT
ADCT
LSF
LSF
Q4 25
$-1.8M
Q3 25
$-41.0M
$-975.1K
Q2 25
$-56.6M
$-362.2K
Q1 25
$-38.6M
$-156.2K
Q4 24
$-398.4K
Q3 24
$-44.0M
$-166.1K
Q2 24
$-36.5M
$-239.1K
Q1 24
$-46.6M
$-1.0M
Gross Margin
ADCT
ADCT
LSF
LSF
Q4 25
34.1%
Q3 25
36.5%
Q2 25
39.9%
Q1 25
41.9%
Q4 24
38.6%
Q3 24
43.0%
Q2 24
41.8%
Q1 24
40.0%
Operating Margin
ADCT
ADCT
LSF
LSF
Q4 25
-77.7%
-13.5%
Q3 25
-196.6%
-7.7%
Q2 25
-244.1%
-3.3%
Q1 25
-163.5%
-1.9%
Q4 24
-191.8%
-4.1%
Q3 24
-197.4%
-2.3%
Q2 24
-170.5%
-3.4%
Q1 24
-188.3%
-11.0%
Net Margin
ADCT
ADCT
LSF
LSF
Q4 25
-13.2%
Q3 25
-260.1%
-7.6%
Q2 25
-313.2%
-3.0%
Q1 25
-221.8%
-1.3%
Q4 24
-3.4%
Q3 24
-244.1%
-1.4%
Q2 24
-214.6%
-2.4%
Q1 24
-261.1%
-10.3%
EPS (diluted)
ADCT
ADCT
LSF
LSF
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

Balance Sheet & Financial Strength

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

Metric
ADCT
ADCT
LSF
LSF
Cash + ST InvestmentsLiquidity on hand
$261.3M
$5.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$-185.8M
$11.5M
Total Assets
$323.1M
$19.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADCT
ADCT
LSF
LSF
Q4 25
$261.3M
$5.1M
Q3 25
$234.7M
$5.1M
Q2 25
$264.6M
$3.9M
Q1 25
$194.7M
$7.0M
Q4 24
$250.9M
$8.3M
Q3 24
$274.3M
$7.9M
Q2 24
$300.1M
$7.6M
Q1 24
$234.3M
$7.1M
Stockholders' Equity
ADCT
ADCT
LSF
LSF
Q4 25
$-185.8M
$11.5M
Q3 25
$-238.2M
$12.8M
Q2 25
$-199.2M
$13.4M
Q1 25
$-238.2M
$13.3M
Q4 24
$-202.6M
$13.2M
Q3 24
$-171.9M
$13.1M
Q2 24
$-131.7M
$12.6M
Q1 24
$-194.4M
$12.7M
Total Assets
ADCT
ADCT
LSF
LSF
Q4 25
$323.1M
$19.2M
Q3 25
$289.8M
$18.9M
Q2 25
$321.6M
$20.4M
Q1 25
$272.5M
$21.5M
Q4 24
$322.0M
$19.3M
Q3 24
$349.1M
$18.8M
Q2 24
$371.8M
$18.0M
Q1 24
$308.0M
$17.6M

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
LSF
LSF
Operating Cash FlowLast quarter
$-31.1M
$68.4K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADCT
ADCT
LSF
LSF
Q4 25
$-31.1M
$68.4K
Q3 25
$-29.6M
$1.2M
Q2 25
$-24.1M
$-2.8M
Q1 25
$-56.3M
$-1.3M
Q4 24
$-21.9M
$339.2K
Q3 24
$-25.0M
$305.8K
Q2 24
$-32.8M
$642.7K
Q1 24
$-44.1M
$-422.3K
Free Cash Flow
ADCT
ADCT
LSF
LSF
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
FCF Margin
ADCT
ADCT
LSF
LSF
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%
Capex Intensity
ADCT
ADCT
LSF
LSF
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%

Financial Flow Comparison

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

Revenue Breakdown by Segment

ADCT
ADCT

Segment breakdown not available.

LSF
LSF

Wholesale$7.0M52%
Coffee Tea And Hot Chocolate Products$4.4M33%
Hydration And Beverage Enhancing Supplements$1.6M12%
Other$352.6K3%

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