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Side-by-side financial comparison of ADC Therapeutics SA (ADCT) and Zeo Energy Corp. (ZEO). Click either name above to swap in a different company.
ADC Therapeutics SA is the larger business by last-quarter revenue ($23.1M vs $18.6M, roughly 1.2× Zeo Energy Corp.). On growth, ADC Therapeutics SA posted the faster year-over-year revenue change (36.4% vs -0.4%). Over the past eight quarters, ADC Therapeutics SA's revenue compounded faster (13.7% CAGR vs -4.0%).
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.
ADCT vs ZEO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $23.1M | $18.6M |
| Net Profit | — | $-2.0M |
| Gross Margin | — | — |
| Operating Margin | -77.7% | -11.8% |
| Net Margin | — | -10.8% |
| Revenue YoY | 36.4% | -0.4% |
| Net Profit YoY | — | -360.9% |
| 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.
| Q4 25 | $23.1M | $18.6M | ||
| Q3 25 | $15.8M | $23.9M | ||
| Q2 25 | $18.1M | $18.1M | ||
| Q1 25 | $17.4M | $8.8M | ||
| Q4 24 | $16.9M | $18.6M | ||
| Q3 24 | $18.0M | $19.7M | ||
| Q2 24 | $17.0M | $14.8M | ||
| Q1 24 | $17.8M | $20.1M |
| Q4 25 | — | $-2.0M | ||
| Q3 25 | $-41.0M | $-3.2M | ||
| Q2 25 | $-56.6M | $-2.4M | ||
| Q1 25 | $-38.6M | $-6.4M | ||
| Q4 24 | — | $-435.3K | ||
| Q3 24 | $-44.0M | $-424.3K | ||
| Q2 24 | $-36.5M | $-277.8K | ||
| Q1 24 | $-46.6M | $-1.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 57.9% | ||
| Q2 25 | — | 59.8% | ||
| Q1 25 | — | 99.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 50.2% | ||
| Q2 24 | — | 52.3% | ||
| Q1 24 | — | — |
| Q4 25 | -77.7% | -11.8% | ||
| Q3 25 | -196.6% | -8.3% | ||
| Q2 25 | -244.1% | -15.8% | ||
| Q1 25 | -163.5% | -153.8% | ||
| Q4 24 | -191.8% | -6.0% | ||
| Q3 24 | -197.4% | -15.2% | ||
| Q2 24 | -170.5% | -18.0% | ||
| Q1 24 | -188.3% | -20.1% |
| Q4 25 | — | -10.8% | ||
| Q3 25 | -260.1% | -13.5% | ||
| Q2 25 | -313.2% | -13.3% | ||
| Q1 25 | -221.8% | -72.4% | ||
| Q4 24 | — | -2.3% | ||
| Q3 24 | -244.1% | -2.2% | ||
| Q2 24 | -214.6% | -1.9% | ||
| Q1 24 | -261.1% | -7.6% |
| Q4 25 | $0.04 | — | ||
| Q3 25 | $-0.30 | — | ||
| Q2 25 | $-0.50 | — | ||
| Q1 25 | $-0.36 | $-0.48 | ||
| Q4 24 | $-0.26 | $1.11 | ||
| Q3 24 | $-0.42 | $-0.08 | ||
| Q2 24 | $-0.38 | $0.03 | ||
| Q1 24 | $-0.56 | $-1.54 |
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 | $6.1M |
| Total DebtLower is stronger | — | $79.1K |
| Stockholders' EquityBook value | $-185.8M | $5.3M |
| Total Assets | $323.1M | $56.9M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $261.3M | $6.1M | ||
| Q3 25 | $234.7M | $3.9M | ||
| Q2 25 | $264.6M | $68.7K | ||
| Q1 25 | $194.7M | $2.9M | ||
| Q4 24 | $250.9M | $5.6M | ||
| Q3 24 | $274.3M | $4.3M | ||
| Q2 24 | $300.1M | $5.3M | ||
| Q1 24 | $234.3M | — |
| Q4 25 | — | $79.1K | ||
| Q3 25 | — | $84.6K | ||
| Q2 25 | — | $642.8K | ||
| Q1 25 | — | $715.4K | ||
| Q4 24 | — | $787.7K | ||
| Q3 24 | — | $858.6K | ||
| Q2 24 | — | $1.6M | ||
| Q1 24 | — | $748.8K |
| Q4 25 | $-185.8M | $5.3M | ||
| Q3 25 | $-238.2M | $-1.7M | ||
| Q2 25 | $-199.2M | $-59.4M | ||
| Q1 25 | $-238.2M | $-23.1M | ||
| Q4 24 | $-202.6M | $-88.9M | ||
| Q3 24 | $-171.9M | $-39.3M | ||
| Q2 24 | $-131.7M | $-53.0M | ||
| Q1 24 | $-194.4M | $-173.0M |
| Q4 25 | $323.1M | $56.9M | ||
| Q3 25 | $289.8M | $58.5M | ||
| Q2 25 | $321.6M | $46.2M | ||
| Q1 25 | $272.5M | $47.4M | ||
| Q4 24 | $322.0M | $61.0M | ||
| Q3 24 | $349.1M | $47.1M | ||
| Q2 24 | $371.8M | $49.1M | ||
| Q1 24 | $308.0M | $50.1M |
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $2.4M |
| Free Cash FlowOCF − Capex | — | $2.3M |
| FCF MarginFCF / Revenue | — | 12.2% |
| Capex IntensityCapex / Revenue | 0.0% | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-31.1M | $2.4M | ||
| Q3 25 | $-29.6M | $-6.6M | ||
| Q2 25 | $-24.1M | $-2.3M | ||
| Q1 25 | $-56.3M | $-2.3M | ||
| Q4 24 | $-21.9M | $3.5M | ||
| Q3 24 | $-25.0M | $162.2K | ||
| Q2 24 | $-32.8M | $-2.2M | ||
| Q1 24 | $-44.1M | $-10.2M |
| Q4 25 | — | $2.3M | ||
| Q3 25 | — | $-6.8M | ||
| Q2 25 | — | $-2.7M | ||
| Q1 25 | $-56.6M | $-2.6M | ||
| Q4 24 | $-21.9M | $3.4M | ||
| Q3 24 | $-25.3M | $116.5K | ||
| Q2 24 | $-32.9M | $-2.3M | ||
| Q1 24 | $-44.6M | $-10.4M |
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | -28.6% | ||
| Q2 25 | — | -15.0% | ||
| Q1 25 | -325.2% | -30.0% | ||
| Q4 24 | -129.8% | 18.2% | ||
| Q3 24 | -140.2% | 0.6% | ||
| Q2 24 | -193.0% | -15.6% | ||
| Q1 24 | -250.0% | -51.5% |
| Q4 25 | 0.0% | 0.9% | ||
| Q3 25 | 0.0% | 1.0% | ||
| Q2 25 | 0.0% | 2.4% | ||
| Q1 25 | 1.5% | 4.2% | ||
| Q4 24 | 0.5% | 0.5% | ||
| Q3 24 | 1.2% | 0.2% | ||
| Q2 24 | 0.2% | 0.7% | ||
| Q1 24 | 3.0% | 1.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADCT
Segment breakdown not available.
ZEO
| Nonrelated Party | $18.1M | 98% |
| Related Party | $432.1K | 2% |
