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ADAMAS TRUST, INC.（ADAM）与C3.ai, Inc.（AI）财务数据对比。点击上方公司名可切换其他公司
C3.ai, Inc.的季度营收约是ADAMAS TRUST, INC.的1.7倍（$75.1M vs $43.2M），ADAMAS TRUST, INC.净利率更高（124.0% vs -139.3%，领先263.3%），ADAMAS TRUST, INC.同比增速更快（61.6% vs -20.3%），ADAMAS TRUST, INC.自由现金流更多（$125.9M vs $-46.9M），过去两年ADAMAS TRUST, INC.的营收复合增速更高（55.5% vs -2.1%）
C3.ai是全球领先的企业级人工智能软件供应商，主要开发销售可扩展的AI应用、平台工具及垂直行业定制解决方案，服务覆盖制造、能源、金融、医疗、公共部门等领域，助力客户优化运营、降本增效、管控风险，实现数据驱动的业务决策。
ADAM vs AI — 直观对比
营收规模更大
AI
是对方的1.7倍
$43.2M
营收增速更快
ADAM
高出82.0%
-20.3%
净利率更高
ADAM
高出263.3%
-139.3%
自由现金流更多
ADAM
多$172.8M
$-46.9M
两年增速更快
ADAM
近两年复合增速
-2.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $75.1M |
| 净利润 | $53.5M | $-104.7M |
| 毛利率 | — | 40.4% |
| 营业利润率 | — | -149.2% |
| 净利率 | 124.0% | -139.3% |
| 营收同比 | 61.6% | -20.3% |
| 净利润同比 | 270.5% | -58.7% |
| 每股收益（稀释后） | $0.45 | $-0.75 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ADAMAI
| Q4 25 | $43.2M | $75.1M | ||
| Q3 25 | $36.6M | $70.3M | ||
| Q2 25 | $36.4M | $108.7M | ||
| Q1 25 | $33.1M | $98.8M | ||
| Q4 24 | $26.7M | $94.3M | ||
| Q3 24 | $20.2M | $87.2M | ||
| Q2 24 | $19.0M | $86.6M | ||
| Q1 24 | $17.9M | $78.4M |
净利润ADAMAI
| Q4 25 | $53.5M | $-104.7M | ||
| Q3 25 | $44.8M | $-116.8M | ||
| Q2 25 | $8.5M | $-79.7M | ||
| Q1 25 | $42.2M | $-80.2M | ||
| Q4 24 | $-31.4M | $-66.0M | ||
| Q3 24 | $42.8M | $-62.8M | ||
| Q2 24 | $-15.6M | $-72.9M | ||
| Q1 24 | $-57.9M | $-72.6M |
毛利率ADAMAI
| Q4 25 | — | 40.4% | ||
| Q3 25 | — | 37.6% | ||
| Q2 25 | — | 62.1% | ||
| Q1 25 | — | 59.1% | ||
| Q4 24 | — | 61.3% | ||
| Q3 24 | — | 59.8% | ||
| Q2 24 | — | 59.6% | ||
| Q1 24 | — | 57.8% |
营业利润率ADAMAI
| Q4 25 | — | -149.2% | ||
| Q3 25 | — | -177.7% | ||
| Q2 25 | 11.7% | -81.8% | ||
| Q1 25 | — | -88.7% | ||
| Q4 24 | -119.0% | -79.8% | ||
| Q3 24 | — | -83.2% | ||
| Q2 24 | -124.7% | -95.1% | ||
| Q1 24 | -448.8% | -105.3% |
净利率ADAMAI
| Q4 25 | 124.0% | -139.3% | ||
| Q3 25 | 122.5% | -166.2% | ||
| Q2 25 | 23.4% | -73.3% | ||
| Q1 25 | 127.4% | -81.2% | ||
| Q4 24 | -117.5% | -69.9% | ||
| Q3 24 | 211.7% | -72.0% | ||
| Q2 24 | -81.9% | -84.2% | ||
| Q1 24 | -324.1% | -92.6% |
每股收益（稀释后）ADAMAI
| Q4 25 | $0.45 | $-0.75 | ||
| Q3 25 | $0.36 | $-0.86 | ||
| Q2 25 | $-0.04 | $-0.60 | ||
| Q1 25 | $0.33 | $-0.62 | ||
| Q4 24 | $-0.46 | $-0.52 | ||
| Q3 24 | $0.36 | $-0.50 | ||
| Q2 24 | $-0.29 | $-0.59 | ||
| Q1 24 | $-0.75 | $-0.60 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $210.3M | $675.0M |
| 总债务越低越好 | $735.8M | — |
| 股东权益账面价值 | $1.4B | $771.9M |
| 总资产 | $12.6B | $961.3M |
| 负债/权益比越低杠杆越低 | 0.52× | — |
8季度趋势，按日历期对齐
现金及短期投资ADAMAI
| Q4 25 | $210.3M | $675.0M | ||
| Q3 25 | $185.3M | $711.9M | ||
| Q2 25 | $160.4M | $742.7M | ||
| Q1 25 | $177.1M | $724.3M | ||
| Q4 24 | $167.4M | $730.4M | ||
| Q3 24 | $195.1M | $762.5M | ||
| Q2 24 | $235.5M | $750.4M | ||
| Q1 24 | $226.9M | $723.3M |
总债务ADAMAI
| Q4 25 | $735.8M | — | ||
| Q3 25 | $766.6M | — | ||
| Q2 25 | $653.0M | — | ||
| Q1 25 | $654.4M | — | ||
| Q4 24 | $573.2M | — | ||
| Q3 24 | $699.4M | — | ||
| Q2 24 | $800.7M | — | ||
| Q1 24 | $1.0B | — |
股东权益ADAMAI
| Q4 25 | $1.4B | $771.9M | ||
| Q3 25 | $1.4B | $798.8M | ||
| Q2 25 | $1.4B | $838.3M | ||
| Q1 25 | $1.4B | $860.2M | ||
| Q4 24 | $1.4B | $859.0M | ||
| Q3 24 | $1.4B | $874.9M | ||
| Q2 24 | $1.4B | $873.4M | ||
| Q1 24 | $1.5B | $898.0M |
总资产ADAMAI
| Q4 25 | $12.6B | $961.3M | ||
| Q3 25 | $12.4B | $968.7M | ||
| Q2 25 | $10.6B | $1.0B | ||
| Q1 25 | $10.0B | $1.1B | ||
| Q4 24 | $9.2B | $1.0B | ||
| Q3 24 | $8.9B | $1.1B | ||
| Q2 24 | $8.2B | $1.0B | ||
| Q1 24 | $7.4B | $1.1B |
负债/权益比ADAMAI
| Q4 25 | 0.52× | — | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.67× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $134.0M | $-46.5M |
| 自由现金流经营现金流 - 资本支出 | $125.9M | $-46.9M |
| 自由现金流率自由现金流/营收 | 291.6% | -62.4% |
| 资本支出强度资本支出/营收 | 18.9% | 0.5% |
| 现金转化率经营现金流/净利润 | 2.50× | — |
| 过去12个月自由现金流最近4个季度 | — | $-93.2M |
8季度趋势，按日历期对齐
经营现金流ADAMAI
| Q4 25 | $134.0M | $-46.5M | ||
| Q3 25 | $6.9M | $-33.5M | ||
| Q2 25 | $39.2M | $11.3M | ||
| Q1 25 | $25.8M | $-22.0M | ||
| Q4 24 | $14.1M | $-38.7M | ||
| Q3 24 | $-922.0K | $8.0M | ||
| Q2 24 | $-993.0K | $21.3M | ||
| Q1 24 | $-13.1M | $-39.1M |
自由现金流ADAMAI
| Q4 25 | $125.9M | $-46.9M | ||
| Q3 25 | — | $-34.3M | ||
| Q2 25 | — | $10.3M | ||
| Q1 25 | — | $-22.4M | ||
| Q4 24 | $-10.6M | $-39.5M | ||
| Q3 24 | $-8.6M | $7.1M | ||
| Q2 24 | $-8.6M | $18.8M | ||
| Q1 24 | $-19.1M | $-45.1M |
自由现金流率ADAMAI
| Q4 25 | 291.6% | -62.4% | ||
| Q3 25 | — | -48.8% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | -22.7% | ||
| Q4 24 | -39.6% | -41.9% | ||
| Q3 24 | -42.3% | 8.2% | ||
| Q2 24 | -44.9% | 21.7% | ||
| Q1 24 | -107.0% | -57.6% |
资本支出强度ADAMAI
| Q4 25 | 18.9% | 0.5% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | 92.3% | 0.9% | ||
| Q3 24 | 37.7% | 1.1% | ||
| Q2 24 | 39.7% | 2.9% | ||
| Q1 24 | 33.5% | 7.8% |
现金转化率ADAMAI
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.02× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ADAM
| Other | $19.6M | 45% |
| Constructive Loans LLC | $14.4M | 33% |
| Multifamily | $9.1M | 21% |
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
