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Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.

ADC Therapeutics SA is the larger business by last-quarter revenue ($23.1M vs $19.1M, roughly 1.2× Americas Gold & Silver Corp). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs -28.0%).

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.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

ADCT vs USAS — Head-to-Head

Bigger by revenue
ADCT
ADCT
1.2× larger
ADCT
$23.1M
$19.1M
USAS
Growing faster (revenue YoY)
ADCT
ADCT
+64.4% gap
ADCT
36.4%
-28.0%
USAS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ADCT
ADCT
USAS
USAS
Revenue
$23.1M
$19.1M
Net Profit
$-15.7M
Gross Margin
34.2%
Operating Margin
-77.7%
Net Margin
-82.3%
Revenue YoY
36.4%
-28.0%
Net Profit YoY
2.8%
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
USAS
USAS
Q4 25
$23.1M
Q3 25
$15.8M
$19.1M
Q2 25
$18.1M
Q1 25
$17.4M
Q4 24
$16.9M
Q3 24
$18.0M
$26.5M
Q2 24
$17.0M
Q1 24
$17.8M
Net Profit
ADCT
ADCT
USAS
USAS
Q4 25
Q3 25
$-41.0M
$-15.7M
Q2 25
$-56.6M
Q1 25
$-38.6M
Q4 24
Q3 24
$-44.0M
$-16.2M
Q2 24
$-36.5M
Q1 24
$-46.6M
Gross Margin
ADCT
ADCT
USAS
USAS
Q4 25
Q3 25
34.2%
Q2 25
Q1 25
Q4 24
Q3 24
23.6%
Q2 24
Q1 24
Operating Margin
ADCT
ADCT
USAS
USAS
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%
Net Margin
ADCT
ADCT
USAS
USAS
Q4 25
Q3 25
-260.1%
-82.3%
Q2 25
-313.2%
Q1 25
-221.8%
Q4 24
Q3 24
-244.1%
-60.9%
Q2 24
-214.6%
Q1 24
-261.1%
EPS (diluted)
ADCT
ADCT
USAS
USAS
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
USAS
USAS
Cash + ST InvestmentsLiquidity on hand
$261.3M
$39.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$-185.8M
$50.2M
Total Assets
$323.1M
$234.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADCT
ADCT
USAS
USAS
Q4 25
$261.3M
Q3 25
$234.7M
$39.1M
Q2 25
$264.6M
Q1 25
$194.7M
Q4 24
$250.9M
Q3 24
$274.3M
Q2 24
$300.1M
Q1 24
$234.3M
Stockholders' Equity
ADCT
ADCT
USAS
USAS
Q4 25
$-185.8M
Q3 25
$-238.2M
$50.2M
Q2 25
$-199.2M
Q1 25
$-238.2M
Q4 24
$-202.6M
Q3 24
$-171.9M
$53.1M
Q2 24
$-131.7M
Q1 24
$-194.4M
Total Assets
ADCT
ADCT
USAS
USAS
Q4 25
$323.1M
Q3 25
$289.8M
$234.7M
Q2 25
$321.6M
Q1 25
$272.5M
Q4 24
$322.0M
Q3 24
$349.1M
Q2 24
$371.8M
Q1 24
$308.0M

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
USAS
USAS
Operating Cash FlowLast quarter
$-31.1M
$-12.5M
Free Cash FlowOCF − Capex
$-41.3M
FCF MarginFCF / Revenue
-216.5%
Capex IntensityCapex / Revenue
0.0%
150.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADCT
ADCT
USAS
USAS
Q4 25
$-31.1M
Q3 25
$-29.6M
$-12.5M
Q2 25
$-24.1M
Q1 25
$-56.3M
Q4 24
$-21.9M
Q3 24
$-25.0M
$2.4M
Q2 24
$-32.8M
Q1 24
$-44.1M
Free Cash Flow
ADCT
ADCT
USAS
USAS
Q4 25
Q3 25
$-41.3M
Q2 25
Q1 25
$-56.6M
Q4 24
$-21.9M
Q3 24
$-25.3M
$-11.2M
Q2 24
$-32.9M
Q1 24
$-44.6M
FCF Margin
ADCT
ADCT
USAS
USAS
Q4 25
Q3 25
-216.5%
Q2 25
Q1 25
-325.2%
Q4 24
-129.8%
Q3 24
-140.2%
-42.2%
Q2 24
-193.0%
Q1 24
-250.0%
Capex Intensity
ADCT
ADCT
USAS
USAS
Q4 25
0.0%
Q3 25
0.0%
150.8%
Q2 25
0.0%
Q1 25
1.5%
Q4 24
0.5%
Q3 24
1.2%
51.2%
Q2 24
0.2%
Q1 24
3.0%

Financial Flow Comparison

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

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