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

WESTWOOD HOLDINGS GROUP INC is the larger business by last-quarter revenue ($25.0M 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 7.4%). Over the past eight quarters, ADC Therapeutics SA's revenue compounded faster (13.7% CAGR vs 4.9%).

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.

Westwood Studios, Inc. was an American video game developer based in Las Vegas, Nevada. It was founded by Brett Sperry and Louis Castle in 1985 as Brelous Software, but got changed after 2 months into Westwood Associates and was renamed to Westwood Studios when Virgin Games bought the company in 1992. The company was bought by Electronic Arts alongside Virgin Interactive's North American operations in 1998. In January 2003, it was announced that Westwood, alongside Westwood Pacific, would be ...

ADCT vs WHG — Head-to-Head

Bigger by revenue
WHG
WHG
1.1× larger
WHG
$25.0M
$23.1M
ADCT
Growing faster (revenue YoY)
ADCT
ADCT
+29.0% gap
ADCT
36.4%
7.4%
WHG
Faster 2-yr revenue CAGR
ADCT
ADCT
Annualised
ADCT
13.7%
4.9%
WHG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ADCT
ADCT
WHG
WHG
Revenue
$23.1M
$25.0M
Net Profit
$782.0K
Gross Margin
Operating Margin
-77.7%
Net Margin
3.1%
Revenue YoY
36.4%
7.4%
Net Profit YoY
EPS (diluted)
$0.04
$0.09

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
WHG
WHG
Q1 26
$25.0M
Q4 25
$23.1M
$27.1M
Q3 25
$15.8M
$24.3M
Q2 25
$18.1M
$23.1M
Q1 25
$17.4M
$23.3M
Q4 24
$16.9M
$46.5M
Q3 24
$18.0M
$23.7M
Q2 24
$17.0M
$22.7M
Net Profit
ADCT
ADCT
WHG
WHG
Q1 26
$782.0K
Q4 25
$1.8M
Q3 25
$-41.0M
$3.7M
Q2 25
$-56.6M
$1.0M
Q1 25
$-38.6M
$478.0K
Q4 24
$3.7M
Q3 24
$-44.0M
$-1.2M
Q2 24
$-36.5M
$-378.0K
Operating Margin
ADCT
ADCT
WHG
WHG
Q1 26
Q4 25
-77.7%
8.0%
Q3 25
-196.6%
8.3%
Q2 25
-244.1%
3.8%
Q1 25
-163.5%
-0.3%
Q4 24
-191.8%
10.0%
Q3 24
-197.4%
-2.1%
Q2 24
-170.5%
-18.4%
Net Margin
ADCT
ADCT
WHG
WHG
Q1 26
3.1%
Q4 25
6.8%
Q3 25
-260.1%
15.4%
Q2 25
-313.2%
4.5%
Q1 25
-221.8%
2.1%
Q4 24
14.5%
Q3 24
-244.1%
-5.0%
Q2 24
-214.6%
-1.7%
EPS (diluted)
ADCT
ADCT
WHG
WHG
Q1 26
$0.09
Q4 25
$0.04
$0.21
Q3 25
$-0.30
$0.41
Q2 25
$-0.50
$0.12
Q1 25
$-0.36
$0.05
Q4 24
$-0.26
$0.45
Q3 24
$-0.42
$-0.15
Q2 24
$-0.38
$-0.05

Balance Sheet & Financial Strength

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

Metric
ADCT
ADCT
WHG
WHG
Cash + ST InvestmentsLiquidity on hand
$261.3M
$23.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-185.8M
$126.1M
Total Assets
$323.1M
$150.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADCT
ADCT
WHG
WHG
Q1 26
$23.4M
Q4 25
$261.3M
$47.7M
Q3 25
$234.7M
$41.3M
Q2 25
$264.6M
$35.2M
Q1 25
$194.7M
$29.1M
Q4 24
$250.9M
$46.5M
Q3 24
$274.3M
$48.3M
Q2 24
$300.1M
$44.1M
Stockholders' Equity
ADCT
ADCT
WHG
WHG
Q1 26
$126.1M
Q4 25
$-185.8M
$125.6M
Q3 25
$-238.2M
$123.9M
Q2 25
$-199.2M
$122.4M
Q1 25
$-238.2M
$121.4M
Q4 24
$-202.6M
$120.3M
Q3 24
$-171.9M
$120.4M
Q2 24
$-131.7M
$120.5M
Total Assets
ADCT
ADCT
WHG
WHG
Q1 26
$150.4M
Q4 25
$323.1M
$162.3M
Q3 25
$289.8M
$154.0M
Q2 25
$321.6M
$146.3M
Q1 25
$272.5M
$135.0M
Q4 24
$322.0M
$150.0M
Q3 24
$349.1M
$151.5M
Q2 24
$371.8M
$147.4M

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
WHG
WHG
Operating Cash FlowLast quarter
$-31.1M
$-2.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-3.28×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADCT
ADCT
WHG
WHG
Q1 26
$-2.6M
Q4 25
$-31.1M
$18.9M
Q3 25
$-29.6M
$8.5M
Q2 25
$-24.1M
$7.3M
Q1 25
$-56.3M
$-4.9M
Q4 24
$-21.9M
$21.1M
Q3 24
$-25.0M
$529.0K
Q2 24
$-32.8M
$3.6M
Free Cash Flow
ADCT
ADCT
WHG
WHG
Q1 26
Q4 25
$18.8M
Q3 25
$8.5M
Q2 25
Q1 25
$-56.6M
$-4.9M
Q4 24
$-21.9M
$21.0M
Q3 24
$-25.3M
$519.0K
Q2 24
$-32.9M
$3.5M
FCF Margin
ADCT
ADCT
WHG
WHG
Q1 26
Q4 25
69.5%
Q3 25
34.8%
Q2 25
Q1 25
-325.2%
-21.1%
Q4 24
-129.8%
45.2%
Q3 24
-140.2%
2.2%
Q2 24
-193.0%
15.6%
Capex Intensity
ADCT
ADCT
WHG
WHG
Q1 26
Q4 25
0.0%
0.3%
Q3 25
0.0%
0.3%
Q2 25
0.0%
0.0%
Q1 25
1.5%
0.0%
Q4 24
0.5%
0.2%
Q3 24
1.2%
0.0%
Q2 24
0.2%
0.1%
Cash Conversion
ADCT
ADCT
WHG
WHG
Q1 26
-3.28×
Q4 25
10.29×
Q3 25
2.29×
Q2 25
7.08×
Q1 25
-10.25×
Q4 24
5.69×
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ADCT
ADCT

Segment breakdown not available.

WHG
WHG

Asset-based$19.3M77%
Trust fees$5.3M21%

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