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

ADC Therapeutics SA is the larger business by last-quarter revenue ($23.1M vs $20.6M, roughly 1.1× Entrada Therapeutics, Inc.). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs -65.2%). Over the past eight quarters, ADC Therapeutics SA's revenue compounded faster (13.7% CAGR vs 6.4%).

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.

Entrada Therapeutics is a clinical-stage biotechnology firm developing transformative intracellular therapies for serious rare diseases and high-unmet-need disorders. Its pipeline covers neuromuscular, metabolic, and central nervous system segments, serving global patients via healthcare partnerships.

ADCT vs TRDA — Head-to-Head

Bigger by revenue
ADCT
ADCT
1.1× larger
ADCT
$23.1M
$20.6M
TRDA
Growing faster (revenue YoY)
ADCT
ADCT
+101.6% gap
ADCT
36.4%
-65.2%
TRDA
Faster 2-yr revenue CAGR
ADCT
ADCT
Annualised
ADCT
13.7%
6.4%
TRDA

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
ADCT
ADCT
TRDA
TRDA
Revenue
$23.1M
$20.6M
Net Profit
$-17.3M
Gross Margin
Operating Margin
-77.7%
-106.0%
Net Margin
-84.4%
Revenue YoY
36.4%
-65.2%
Net Profit YoY
-173.8%
EPS (diluted)
$0.04
$-0.42

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
TRDA
TRDA
Q4 25
$23.1M
Q3 25
$15.8M
Q2 25
$18.1M
Q1 25
$17.4M
$20.6M
Q4 24
$16.9M
$37.4M
Q3 24
$18.0M
$19.6M
Q2 24
$17.0M
$94.7M
Q1 24
$17.8M
$59.1M
Net Profit
ADCT
ADCT
TRDA
TRDA
Q4 25
Q3 25
$-41.0M
Q2 25
$-56.6M
Q1 25
$-38.6M
$-17.3M
Q4 24
$1.1M
Q3 24
$-44.0M
$-14.0M
Q2 24
$-36.5M
$55.0M
Q1 24
$-46.6M
$23.5M
Operating Margin
ADCT
ADCT
TRDA
TRDA
Q4 25
-77.7%
Q3 25
-196.6%
Q2 25
-244.1%
Q1 25
-163.5%
-106.0%
Q4 24
-191.8%
-15.7%
Q3 24
-197.4%
-110.7%
Q2 24
-170.5%
56.4%
Q1 24
-188.3%
35.7%
Net Margin
ADCT
ADCT
TRDA
TRDA
Q4 25
Q3 25
-260.1%
Q2 25
-313.2%
Q1 25
-221.8%
-84.4%
Q4 24
3.0%
Q3 24
-244.1%
-71.7%
Q2 24
-214.6%
58.1%
Q1 24
-261.1%
39.7%
EPS (diluted)
ADCT
ADCT
TRDA
TRDA
Q4 25
$0.04
Q3 25
$-0.30
Q2 25
$-0.50
Q1 25
$-0.36
$-0.42
Q4 24
$-0.26
$-0.20
Q3 24
$-0.42
$-0.35
Q2 24
$-0.38
$1.55
Q1 24
$-0.56
$0.68

Balance Sheet & Financial Strength

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

Metric
ADCT
ADCT
TRDA
TRDA
Cash + ST InvestmentsLiquidity on hand
$261.3M
$67.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$-185.8M
$417.3M
Total Assets
$323.1M
$486.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADCT
ADCT
TRDA
TRDA
Q4 25
$261.3M
Q3 25
$234.7M
Q2 25
$264.6M
Q1 25
$194.7M
$67.8M
Q4 24
$250.9M
$101.2M
Q3 24
$274.3M
$78.0M
Q2 24
$300.1M
$185.3M
Q1 24
$234.3M
$68.4M
Stockholders' Equity
ADCT
ADCT
TRDA
TRDA
Q4 25
$-185.8M
Q3 25
$-238.2M
Q2 25
$-199.2M
Q1 25
$-238.2M
$417.3M
Q4 24
$-202.6M
$428.7M
Q3 24
$-171.9M
$422.4M
Q2 24
$-131.7M
$429.9M
Q1 24
$-194.4M
$269.4M
Total Assets
ADCT
ADCT
TRDA
TRDA
Q4 25
$323.1M
Q3 25
$289.8M
Q2 25
$321.6M
Q1 25
$272.5M
$486.5M
Q4 24
$322.0M
$526.3M
Q3 24
$349.1M
$554.6M
Q2 24
$371.8M
$582.0M
Q1 24
$308.0M
$510.8M

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
TRDA
TRDA
Operating Cash FlowLast quarter
$-31.1M
$-38.5M
Free Cash FlowOCF − Capex
$-39.7M
FCF MarginFCF / Revenue
-192.9%
Capex IntensityCapex / Revenue
0.0%
5.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-58.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADCT
ADCT
TRDA
TRDA
Q4 25
$-31.1M
Q3 25
$-29.6M
Q2 25
$-24.1M
Q1 25
$-56.3M
$-38.5M
Q4 24
$-21.9M
$-31.6M
Q3 24
$-25.0M
$-24.3M
Q2 24
$-32.8M
$39.8M
Q1 24
$-44.1M
$-25.5M
Free Cash Flow
ADCT
ADCT
TRDA
TRDA
Q4 25
Q3 25
Q2 25
Q1 25
$-56.6M
$-39.7M
Q4 24
$-21.9M
$-32.2M
Q3 24
$-25.3M
$-24.9M
Q2 24
$-32.9M
$38.8M
Q1 24
$-44.6M
$-26.4M
FCF Margin
ADCT
ADCT
TRDA
TRDA
Q4 25
Q3 25
Q2 25
Q1 25
-325.2%
-192.9%
Q4 24
-129.8%
-86.2%
Q3 24
-140.2%
-127.3%
Q2 24
-193.0%
41.0%
Q1 24
-250.0%
-44.6%
Capex Intensity
ADCT
ADCT
TRDA
TRDA
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.5%
5.6%
Q4 24
0.5%
1.7%
Q3 24
1.2%
3.3%
Q2 24
0.2%
1.1%
Q1 24
3.0%
1.4%
Cash Conversion
ADCT
ADCT
TRDA
TRDA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-27.94×
Q3 24
Q2 24
0.72×
Q1 24
-1.09×

Financial Flow Comparison

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

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