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Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and Waterstone Financial, Inc. (WSBF). Click either name above to swap in a different company.
Waterstone Financial, Inc. is the larger business by last-quarter revenue ($37.2M vs $23.1M, roughly 1.6× ADC Therapeutics SA). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs 16.7%). Over the past eight quarters, ADC Therapeutics SA's revenue compounded faster (13.7% CAGR vs 7.1%).
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.
Waterstone Financial, Inc. is a U.S. bank holding company headquartered in Wisconsin. It offers retail and commercial banking services, residential mortgages, and wealth management solutions, primarily serving consumers and small to medium-sized businesses across the U.S. Midwest region.
ADCT vs WSBF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.1M | $37.2M |
| Net Profit | — | — |
| Gross Margin | — | — |
| Operating Margin | -77.7% | 27.0% |
| Net Margin | — | — |
| Revenue YoY | 36.4% | 16.7% |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.04 | $0.43 |
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.
| Q4 25 | $23.1M | $37.2M | ||
| Q3 25 | $15.8M | $37.0M | ||
| Q2 25 | $18.1M | $38.0M | ||
| Q1 25 | $17.4M | $29.7M | ||
| Q4 24 | $16.9M | $31.8M | ||
| Q3 24 | $18.0M | $34.1M | ||
| Q2 24 | $17.0M | $37.2M | ||
| Q1 24 | $17.8M | $32.4M |
| Q4 25 | — | — | ||
| Q3 25 | $-41.0M | $7.9M | ||
| Q2 25 | $-56.6M | $7.7M | ||
| Q1 25 | $-38.6M | $3.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-44.0M | $4.7M | ||
| Q2 24 | $-36.5M | $5.7M | ||
| Q1 24 | $-46.6M | $3.0M |
| Q4 25 | -77.7% | 27.0% | ||
| Q3 25 | -196.6% | 26.6% | ||
| Q2 25 | -244.1% | 25.4% | ||
| Q1 25 | -163.5% | 13.1% | ||
| Q4 24 | -191.8% | 19.5% | ||
| Q3 24 | -197.4% | 17.3% | ||
| Q2 24 | -170.5% | 19.2% | ||
| Q1 24 | -188.3% | 14.7% |
| Q4 25 | — | — | ||
| Q3 25 | -260.1% | 21.4% | ||
| Q2 25 | -313.2% | 20.3% | ||
| Q1 25 | -221.8% | 10.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | -244.1% | 13.9% | ||
| Q2 24 | -214.6% | 15.4% | ||
| Q1 24 | -261.1% | 9.4% |
| Q4 25 | $0.04 | $0.43 | ||
| Q3 25 | $-0.30 | $0.45 | ||
| Q2 25 | $-0.50 | $0.43 | ||
| Q1 25 | $-0.36 | $0.17 | ||
| Q4 24 | $-0.26 | $0.28 | ||
| Q3 24 | $-0.42 | $0.26 | ||
| Q2 24 | $-0.38 | $0.31 | ||
| Q1 24 | $-0.56 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $261.3M | — |
| Total DebtLower is stronger | — | $412.3M |
| Stockholders' EquityBook value | $-185.8M | $349.4M |
| Total Assets | $323.1M | $2.3B |
| Debt / EquityLower = less leverage | — | 1.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $261.3M | — | ||
| Q3 25 | $234.7M | — | ||
| Q2 25 | $264.6M | — | ||
| Q1 25 | $194.7M | — | ||
| Q4 24 | $250.9M | — | ||
| Q3 24 | $274.3M | — | ||
| Q2 24 | $300.1M | — | ||
| Q1 24 | $234.3M | — |
| Q4 25 | — | $412.3M | ||
| Q3 25 | — | $469.1M | ||
| Q2 25 | — | $465.7M | ||
| Q1 25 | — | $395.9M | ||
| Q4 24 | — | $446.5M | ||
| Q3 24 | — | $560.1M | ||
| Q2 24 | — | $660.8M | ||
| Q1 24 | — | $634.2M |
| Q4 25 | $-185.8M | $349.4M | ||
| Q3 25 | $-238.2M | $345.5M | ||
| Q2 25 | $-199.2M | $341.5M | ||
| Q1 25 | $-238.2M | $341.4M | ||
| Q4 24 | $-202.6M | $339.1M | ||
| Q3 24 | $-171.9M | $342.0M | ||
| Q2 24 | $-131.7M | $334.9M | ||
| Q1 24 | $-194.4M | $338.0M |
| Q4 25 | $323.1M | $2.3B | ||
| Q3 25 | $289.8M | $2.3B | ||
| Q2 25 | $321.6M | $2.3B | ||
| Q1 25 | $272.5M | $2.2B | ||
| Q4 24 | $322.0M | $2.2B | ||
| Q3 24 | $349.1M | $2.2B | ||
| Q2 24 | $371.8M | $2.3B | ||
| Q1 24 | $308.0M | $2.2B |
| Q4 25 | — | 1.18× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.36× | ||
| Q1 25 | — | 1.16× | ||
| Q4 24 | — | 1.32× | ||
| Q3 24 | — | 1.64× | ||
| Q2 24 | — | 1.97× | ||
| Q1 24 | — | 1.88× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-31.1M | $24.2M |
| Free Cash FlowOCF − Capex | — | $23.0M |
| FCF MarginFCF / Revenue | — | 61.9% |
| Capex IntensityCapex / Revenue | 0.0% | 3.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $43.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-31.1M | $24.2M | ||
| Q3 25 | $-29.6M | $32.7M | ||
| Q2 25 | $-24.1M | $-38.4M | ||
| Q1 25 | $-56.3M | $26.7M | ||
| Q4 24 | $-21.9M | $48.1M | ||
| Q3 24 | $-25.0M | $74.1M | ||
| Q2 24 | $-32.8M | $-39.5M | ||
| Q1 24 | $-44.1M | $-9.9M |
| Q4 25 | — | $23.0M | ||
| Q3 25 | — | $32.4M | ||
| Q2 25 | — | $-38.5M | ||
| Q1 25 | $-56.6M | $26.5M | ||
| Q4 24 | $-21.9M | $47.0M | ||
| Q3 24 | $-25.3M | $73.9M | ||
| Q2 24 | $-32.9M | $-39.7M | ||
| Q1 24 | $-44.6M | $-10.3M |
| Q4 25 | — | 61.9% | ||
| Q3 25 | — | 87.5% | ||
| Q2 25 | — | -101.2% | ||
| Q1 25 | -325.2% | 89.2% | ||
| Q4 24 | -129.8% | 147.5% | ||
| Q3 24 | -140.2% | 216.9% | ||
| Q2 24 | -193.0% | -106.7% | ||
| Q1 24 | -250.0% | -31.9% |
| Q4 25 | 0.0% | 3.1% | ||
| Q3 25 | 0.0% | 0.8% | ||
| Q2 25 | 0.0% | 0.2% | ||
| Q1 25 | 1.5% | 0.9% | ||
| Q4 24 | 0.5% | 3.5% | ||
| Q3 24 | 1.2% | 0.6% | ||
| Q2 24 | 0.2% | 0.4% | ||
| Q1 24 | 3.0% | 1.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.13× | ||
| Q2 25 | — | -4.98× | ||
| Q1 25 | — | 8.81× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 15.67× | ||
| Q2 24 | — | -6.92× | ||
| Q1 24 | — | -3.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
