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Side-by-side financial comparison of ADMA BIOLOGICS, INC. (ADMA) and SL GREEN REALTY CORP (SLG). Click either name above to swap in a different company.

SL GREEN REALTY CORP is the larger business by last-quarter revenue ($276.5M vs $139.2M, roughly 2.0× ADMA BIOLOGICS, INC.). ADMA BIOLOGICS, INC. runs the higher net margin — 35.5% vs -36.5%, a 72.0% gap on every dollar of revenue. On growth, ADMA BIOLOGICS, INC. posted the faster year-over-year revenue change (18.4% vs 12.4%). Over the past eight quarters, ADMA BIOLOGICS, INC.'s revenue compounded faster (30.4% CAGR vs 21.3%).

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.

SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and shopping centers in New York City. As of December 31, 2024, the company owned interests in 39 properties comprising 25,297,353 square feet, primarily in Manhattan. It has been referred to as "New York City’s largest office landlord".

ADMA vs SLG — Head-to-Head

Bigger by revenue
SLG
SLG
2.0× larger
SLG
$276.5M
$139.2M
ADMA
Growing faster (revenue YoY)
ADMA
ADMA
+5.9% gap
ADMA
18.4%
12.4%
SLG
Higher net margin
ADMA
ADMA
72.0% more per $
ADMA
35.5%
-36.5%
SLG
Faster 2-yr revenue CAGR
ADMA
ADMA
Annualised
ADMA
30.4%
21.3%
SLG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ADMA
ADMA
SLG
SLG
Revenue
$139.2M
$276.5M
Net Profit
$49.4M
$-100.8M
Gross Margin
63.8%
Operating Margin
45.1%
64.2%
Net Margin
35.5%
-36.5%
Revenue YoY
18.4%
12.4%
Net Profit YoY
-55.9%
-870.0%
EPS (diluted)
$0.20
$-1.49

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
SLG
SLG
Q4 25
$139.2M
$276.5M
Q3 25
$134.2M
$244.8M
Q2 25
$122.0M
$241.9M
Q1 25
$114.8M
$239.8M
Q4 24
$117.5M
$245.9M
Q3 24
$119.8M
$229.7M
Q2 24
$107.2M
$222.8M
Q1 24
$81.9M
$187.9M
Net Profit
ADMA
ADMA
SLG
SLG
Q4 25
$49.4M
$-100.8M
Q3 25
$36.4M
$28.6M
Q2 25
$34.2M
$-7.4M
Q1 25
$26.9M
$-17.3M
Q4 24
$111.9M
$19.1M
Q3 24
$35.9M
$-9.5M
Q2 24
$32.1M
$1.6M
Q1 24
$17.8M
$16.9M
Gross Margin
ADMA
ADMA
SLG
SLG
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
SLG
SLG
Q4 25
45.1%
64.2%
Q3 25
38.0%
85.5%
Q2 25
35.1%
53.4%
Q1 25
30.4%
56.7%
Q4 24
32.6%
59.8%
Q3 24
33.1%
65.1%
Q2 24
36.6%
79.2%
Q1 24
26.7%
Net Margin
ADMA
ADMA
SLG
SLG
Q4 25
35.5%
-36.5%
Q3 25
27.1%
11.7%
Q2 25
28.1%
-3.0%
Q1 25
23.4%
-7.2%
Q4 24
95.2%
7.8%
Q3 24
30.0%
-4.2%
Q2 24
29.9%
0.7%
Q1 24
21.7%
9.0%
EPS (diluted)
ADMA
ADMA
SLG
SLG
Q4 25
$0.20
$-1.49
Q3 25
$0.15
$0.34
Q2 25
$0.14
$-0.16
Q1 25
$0.11
$-0.30
Q4 24
$0.45
$0.13
Q3 24
$0.15
$-0.21
Q2 24
$0.13
$-0.04
Q1 24
$0.08
$0.20

Balance Sheet & Financial Strength

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

Metric
ADMA
ADMA
SLG
SLG
Cash + ST InvestmentsLiquidity on hand
$87.6M
$155.7M
Total DebtLower is stronger
$72.1M
Stockholders' EquityBook value
$477.3M
$3.7B
Total Assets
$624.2M
$11.1B
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADMA
ADMA
SLG
SLG
Q4 25
$87.6M
$155.7M
Q3 25
$61.4M
$187.0M
Q2 25
$90.3M
$182.9M
Q1 25
$71.6M
$180.1M
Q4 24
$103.1M
$184.3M
Q3 24
$86.7M
$188.2M
Q2 24
$88.2M
$199.5M
Q1 24
$45.3M
$196.0M
Total Debt
ADMA
ADMA
SLG
SLG
Q4 25
$72.1M
Q3 25
$72.4M
Q2 25
Q1 25
Q4 24
$72.3M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ADMA
ADMA
SLG
SLG
Q4 25
$477.3M
$3.7B
Q3 25
$431.2M
$3.8B
Q2 25
$398.3M
$3.8B
Q1 25
$373.4M
$3.8B
Q4 24
$349.0M
$4.0B
Q3 24
$231.9M
$3.6B
Q2 24
$188.3M
$3.7B
Q1 24
$153.7M
$3.7B
Total Assets
ADMA
ADMA
SLG
SLG
Q4 25
$624.2M
$11.1B
Q3 25
$568.7M
$11.1B
Q2 25
$558.4M
$11.3B
Q1 25
$510.6M
$11.4B
Q4 24
$488.7M
$10.5B
Q3 24
$390.6M
$10.2B
Q2 24
$376.4M
$9.5B
Q1 24
$350.9M
$9.8B
Debt / Equity
ADMA
ADMA
SLG
SLG
Q4 25
0.15×
Q3 25
0.17×
Q2 25
Q1 25
Q4 24
0.21×
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
SLG
SLG
Operating Cash FlowLast quarter
$35.6M
$82.9M
Free Cash FlowOCF − Capex
$34.6M
FCF MarginFCF / Revenue
24.8%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
0.72×
TTM Free Cash FlowTrailing 4 quarters
$27.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADMA
ADMA
SLG
SLG
Q4 25
$35.6M
$82.9M
Q3 25
$13.3M
$-6.8M
Q2 25
$21.1M
$54.5M
Q1 25
$-19.7M
$6.7M
Q4 24
$50.2M
$129.6M
Q3 24
$25.0M
$16.7M
Q2 24
$45.6M
$79.4M
Q1 24
$-2.2M
$-24.7M
Free Cash Flow
ADMA
ADMA
SLG
SLG
Q4 25
$34.6M
Q3 25
$-1.1M
Q2 25
$18.7M
Q1 25
$-24.4M
Q4 24
$47.5M
Q3 24
$24.0M
Q2 24
$43.6M
Q1 24
$-4.6M
FCF Margin
ADMA
ADMA
SLG
SLG
Q4 25
24.8%
Q3 25
-0.8%
Q2 25
15.3%
Q1 25
-21.2%
Q4 24
40.4%
Q3 24
20.0%
Q2 24
40.7%
Q1 24
-5.6%
Capex Intensity
ADMA
ADMA
SLG
SLG
Q4 25
0.8%
Q3 25
10.7%
Q2 25
2.0%
Q1 25
4.1%
Q4 24
2.3%
Q3 24
0.9%
Q2 24
1.9%
Q1 24
2.9%
Cash Conversion
ADMA
ADMA
SLG
SLG
Q4 25
0.72×
Q3 25
0.36×
-0.24×
Q2 25
0.62×
Q1 25
-0.73×
Q4 24
0.45×
6.77×
Q3 24
0.70×
Q2 24
1.42×
50.33×
Q1 24
-0.12×
-1.46×

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%

SLG
SLG

Real Estate Segment$223.1M81%
Other$35.9M13%
Debt And Preferred Equity Segment$17.4M6%

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