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Side-by-side financial comparison of ADMA BIOLOGICS, INC. (ADMA) and FB Financial Corp (FBK). Click either name above to swap in a different company.

FB Financial Corp is the larger business by last-quarter revenue ($178.6M vs $139.2M, roughly 1.3× ADMA BIOLOGICS, INC.). ADMA BIOLOGICS, INC. runs the higher net margin — 35.5% vs 31.9%, a 3.6% gap on every dollar of revenue. On growth, FB Financial Corp posted the faster year-over-year revenue change (37.0% vs 18.4%). FB Financial Corp produced more free cash flow last quarter ($147.0M vs $34.6M). Over the past eight quarters, ADMA BIOLOGICS, INC.'s revenue compounded faster (30.4% CAGR vs 28.9%).

ADMA Biologics Inc. is a biopharmaceutical enterprise focused on the research, development, manufacturing and commercialization of specialty plasma-derived immunoglobulin therapies. It primarily operates in the United States, catering to patients with primary immunodeficiency and other immune-related disorders, healthcare providers and medical institutions across its core immune health therapeutic segment.

Fubon Financial Holding Co., Ltd. is a financial investment holding company consists of the following key subsidiaries: Fubon Asset Management, Fubon Insurance Co. Ltd., Fubon Securities, Fubon Bank, Fubon Life, Fubon Bank (China) and Fubon Bank Limited. The holding company was setup on 19 December 2001.

ADMA vs FBK — Head-to-Head

Bigger by revenue
FBK
FBK
1.3× larger
FBK
$178.6M
$139.2M
ADMA
Growing faster (revenue YoY)
FBK
FBK
+18.6% gap
FBK
37.0%
18.4%
ADMA
Higher net margin
ADMA
ADMA
3.6% more per $
ADMA
35.5%
31.9%
FBK
More free cash flow
FBK
FBK
$112.5M more FCF
FBK
$147.0M
$34.6M
ADMA
Faster 2-yr revenue CAGR
ADMA
ADMA
Annualised
ADMA
30.4%
28.9%
FBK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ADMA
ADMA
FBK
FBK
Revenue
$139.2M
$178.6M
Net Profit
$49.4M
$57.0M
Gross Margin
63.8%
Operating Margin
45.1%
39.1%
Net Margin
35.5%
31.9%
Revenue YoY
18.4%
37.0%
Net Profit YoY
-55.9%
50.4%
EPS (diluted)
$0.20
$1.12

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
ADMA
ADMA
FBK
FBK
Q4 25
$139.2M
$178.6M
Q3 25
$134.2M
$173.9M
Q2 25
$122.0M
$76.9M
Q1 25
$114.8M
$130.7M
Q4 24
$117.5M
$130.4M
Q3 24
$119.8M
$89.5M
Q2 24
$107.2M
$128.2M
Q1 24
$81.9M
$107.5M
Net Profit
ADMA
ADMA
FBK
FBK
Q4 25
$49.4M
$57.0M
Q3 25
$36.4M
$23.4M
Q2 25
$34.2M
$2.9M
Q1 25
$26.9M
$39.4M
Q4 24
$111.9M
$37.9M
Q3 24
$35.9M
$10.2M
Q2 24
$32.1M
$40.0M
Q1 24
$17.8M
$27.9M
Gross Margin
ADMA
ADMA
FBK
FBK
Q4 25
63.8%
Q3 25
56.3%
Q2 25
55.1%
Q1 25
53.2%
Q4 24
53.9%
Q3 24
49.8%
Q2 24
53.6%
Q1 24
47.8%
Operating Margin
ADMA
ADMA
FBK
FBK
Q4 25
45.1%
39.1%
Q3 25
38.0%
17.0%
Q2 25
35.1%
-12.7%
Q1 25
30.4%
37.4%
Q4 24
32.6%
38.4%
Q3 24
33.1%
12.7%
Q2 24
36.6%
39.7%
Q1 24
26.7%
31.9%
Net Margin
ADMA
ADMA
FBK
FBK
Q4 25
35.5%
31.9%
Q3 25
27.1%
13.4%
Q2 25
28.1%
3.8%
Q1 25
23.4%
30.1%
Q4 24
95.2%
29.1%
Q3 24
30.0%
11.4%
Q2 24
29.9%
31.2%
Q1 24
21.7%
26.0%
EPS (diluted)
ADMA
ADMA
FBK
FBK
Q4 25
$0.20
$1.12
Q3 25
$0.15
$0.43
Q2 25
$0.14
$0.06
Q1 25
$0.11
$0.84
Q4 24
$0.45
$0.82
Q3 24
$0.15
$0.22
Q2 24
$0.13
$0.85
Q1 24
$0.08
$0.59

Balance Sheet & Financial Strength

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

Metric
ADMA
ADMA
FBK
FBK
Cash + ST InvestmentsLiquidity on hand
$87.6M
$1.2B
Total DebtLower is stronger
$72.1M
$212.8M
Stockholders' EquityBook value
$477.3M
$1.9B
Total Assets
$624.2M
$16.3B
Debt / EquityLower = less leverage
0.15×
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADMA
ADMA
FBK
FBK
Q4 25
$87.6M
$1.2B
Q3 25
$61.4M
$1.3B
Q2 25
$90.3M
$1.2B
Q1 25
$71.6M
$794.7M
Q4 24
$103.1M
$1.0B
Q3 24
$86.7M
$951.8M
Q2 24
$88.2M
$800.9M
Q1 24
$45.3M
$870.7M
Total Debt
ADMA
ADMA
FBK
FBK
Q4 25
$72.1M
$212.8M
Q3 25
$72.4M
$213.6M
Q2 25
Q1 25
Q4 24
$72.3M
$176.8M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ADMA
ADMA
FBK
FBK
Q4 25
$477.3M
$1.9B
Q3 25
$431.2M
$2.0B
Q2 25
$398.3M
$1.6B
Q1 25
$373.4M
$1.6B
Q4 24
$349.0M
$1.6B
Q3 24
$231.9M
$1.6B
Q2 24
$188.3M
$1.5B
Q1 24
$153.7M
$1.5B
Total Assets
ADMA
ADMA
FBK
FBK
Q4 25
$624.2M
$16.3B
Q3 25
$568.7M
$16.2B
Q2 25
$558.4M
$13.4B
Q1 25
$510.6M
$13.1B
Q4 24
$488.7M
$13.2B
Q3 24
$390.6M
$12.9B
Q2 24
$376.4M
$12.5B
Q1 24
$350.9M
$12.5B
Debt / Equity
ADMA
ADMA
FBK
FBK
Q4 25
0.15×
0.11×
Q3 25
0.17×
0.11×
Q2 25
Q1 25
Q4 24
0.21×
0.11×
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
ADMA
ADMA
FBK
FBK
Operating Cash FlowLast quarter
$35.6M
$155.9M
Free Cash FlowOCF − Capex
$34.6M
$147.0M
FCF MarginFCF / Revenue
24.8%
82.3%
Capex IntensityCapex / Revenue
0.8%
5.0%
Cash ConversionOCF / Net Profit
0.72×
2.74×
TTM Free Cash FlowTrailing 4 quarters
$27.8M
$242.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADMA
ADMA
FBK
FBK
Q4 25
$35.6M
$155.9M
Q3 25
$13.3M
$47.7M
Q2 25
$21.1M
$71.8M
Q1 25
$-19.7M
$-16.5M
Q4 24
$50.2M
$138.8M
Q3 24
$25.0M
$57.8M
Q2 24
$45.6M
$30.6M
Q1 24
$-2.2M
$36.3M
Free Cash Flow
ADMA
ADMA
FBK
FBK
Q4 25
$34.6M
$147.0M
Q3 25
$-1.1M
$45.6M
Q2 25
$18.7M
$68.4M
Q1 25
$-24.4M
$-18.1M
Q4 24
$47.5M
$132.3M
Q3 24
$24.0M
$56.7M
Q2 24
$43.6M
$28.4M
Q1 24
$-4.6M
$34.6M
FCF Margin
ADMA
ADMA
FBK
FBK
Q4 25
24.8%
82.3%
Q3 25
-0.8%
26.2%
Q2 25
15.3%
89.0%
Q1 25
-21.2%
-13.9%
Q4 24
40.4%
101.4%
Q3 24
20.0%
63.3%
Q2 24
40.7%
22.1%
Q1 24
-5.6%
32.2%
Capex Intensity
ADMA
ADMA
FBK
FBK
Q4 25
0.8%
5.0%
Q3 25
10.7%
1.2%
Q2 25
2.0%
4.4%
Q1 25
4.1%
1.3%
Q4 24
2.3%
5.0%
Q3 24
0.9%
1.2%
Q2 24
1.9%
1.7%
Q1 24
2.9%
1.5%
Cash Conversion
ADMA
ADMA
FBK
FBK
Q4 25
0.72×
2.74×
Q3 25
0.36×
2.04×
Q2 25
0.62×
24.68×
Q1 25
-0.73×
-0.42×
Q4 24
0.45×
3.66×
Q3 24
0.70×
5.65×
Q2 24
1.42×
0.77×
Q1 24
-0.12×
1.30×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ADMA
ADMA

ADMA Bio Manufacturing Segment$123.1M88%
Other$16.0M12%

FBK
FBK

Segment breakdown not available.

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