vs
ADAMAS TRUST, INC.（ADAM）与ALTISOURCE PORTFOLIO SOLUTIONS S.A.（ASPS）财务数据对比。点击上方公司名可切换其他公司
ADAMAS TRUST, INC.的季度营收约是ALTISOURCE PORTFOLIO SOLUTIONS S.A.的1.0倍（$43.2M vs $42.3M），ADAMAS TRUST, INC.净利率更高（124.0% vs -16.8%，领先140.8%），ADAMAS TRUST, INC.同比增速更快（61.6% vs 3.2%），ADAMAS TRUST, INC.自由现金流更多（$125.9M vs $-525.0K），过去两年ADAMAS TRUST, INC.的营收复合增速更高（55.5% vs 3.6%）
Altisource Portfolio Solutions S.A.是面向抵押贷款、房地产及消费金融领域的全球服务商，为贷款机构、服务商、投资者等市场参与者提供技术、数据与运营解决方案，优化资产管理、房产交易等业务流程，提升客户运营效率。
ADAM vs ASPS — 直观对比
营收规模更大
ADAM
是对方的1.0倍
$42.3M
营收增速更快
ADAM
高出58.4%
3.2%
净利率更高
ADAM
高出140.8%
-16.8%
自由现金流更多
ADAM
多$126.4M
$-525.0K
两年增速更快
ADAM
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $42.3M |
| 净利润 | $53.5M | $-7.1M |
| 毛利率 | — | 26.5% |
| 营业利润率 | — | -15.5% |
| 净利率 | 124.0% | -16.8% |
| 营收同比 | 61.6% | 3.2% |
| 净利润同比 | 270.5% | 18.2% |
| 每股收益（稀释后） | $0.45 | $-1.02 |
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ADAMASPS
| Q4 25 | $43.2M | $42.3M | ||
| Q3 25 | $36.6M | $41.9M | ||
| Q2 25 | $36.4M | $43.3M | ||
| Q1 25 | $33.1M | $43.4M | ||
| Q4 24 | $26.7M | $41.0M | ||
| Q3 24 | $20.2M | $40.5M | ||
| Q2 24 | $19.0M | $39.1M | ||
| Q1 24 | $17.9M | $39.5M |
净利润ADAMASPS
| Q4 25 | $53.5M | $-7.1M | ||
| Q3 25 | $44.8M | $-2.3M | ||
| Q2 25 | $8.5M | $16.7M | ||
| Q1 25 | $42.2M | $-5.3M | ||
| Q4 24 | $-31.4M | $-8.7M | ||
| Q3 24 | $42.8M | $-9.3M | ||
| Q2 24 | $-15.6M | $-8.3M | ||
| Q1 24 | $-57.9M | $-9.2M |
毛利率ADAMASPS
| Q4 25 | — | 26.5% | ||
| Q3 25 | — | 27.1% | ||
| Q2 25 | — | 30.1% | ||
| Q1 25 | — | 30.7% | ||
| Q4 24 | — | 30.3% | ||
| Q3 24 | — | 29.8% | ||
| Q2 24 | — | 32.5% | ||
| Q1 24 | — | 31.2% |
营业利润率ADAMASPS
| Q4 25 | — | -15.5% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | 11.7% | 7.5% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | -119.0% | 1.4% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | -124.7% | 5.3% | ||
| Q1 24 | -448.8% | -1.4% |
净利率ADAMASPS
| Q4 25 | 124.0% | -16.8% | ||
| Q3 25 | 122.5% | -5.5% | ||
| Q2 25 | 23.4% | 38.5% | ||
| Q1 25 | 127.4% | -12.1% | ||
| Q4 24 | -117.5% | -21.3% | ||
| Q3 24 | 211.7% | -23.0% | ||
| Q2 24 | -81.9% | -21.1% | ||
| Q1 24 | -324.1% | -23.2% |
每股收益（稀释后）ADAMASPS
| Q4 25 | $0.45 | $-1.02 | ||
| Q3 25 | $0.36 | $-0.22 | ||
| Q2 25 | $-0.04 | $1.48 | ||
| Q1 25 | $0.33 | $-0.09 | ||
| Q4 24 | $-0.46 | $-4.72 | ||
| Q3 24 | $0.36 | $-2.61 | ||
| Q2 24 | $-0.29 | $-2.33 | ||
| Q1 24 | $-0.75 | $-0.33 |
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 | $26.6M |
| 总债务越低越好 | $735.8M | $191.1M |
| 股东权益账面价值 | $1.4B | $-110.2M |
| 总资产 | $12.6B | $139.8M |
| 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ADAMASPS
| Q4 25 | $210.3M | $26.6M | ||
| Q3 25 | $185.3M | $28.6M | ||
| Q2 25 | $160.4M | $30.0M | ||
| Q1 25 | $177.1M | $30.8M | ||
| Q4 24 | $167.4M | $29.8M | ||
| Q3 24 | $195.1M | $28.3M | ||
| Q2 24 | $235.5M | $29.7M | ||
| Q1 24 | $226.9M | $29.6M |
总债务ADAMASPS
| Q4 25 | $735.8M | $191.1M | ||
| Q3 25 | $766.6M | $192.5M | ||
| Q2 25 | $653.0M | $193.9M | ||
| Q1 25 | $654.4M | $195.0M | ||
| Q4 24 | $573.2M | $230.5M | ||
| Q3 24 | $699.4M | — | ||
| Q2 24 | $800.7M | — | ||
| Q1 24 | $1.0B | — |
股东权益ADAMASPS
| Q4 25 | $1.4B | $-110.2M | ||
| Q3 25 | $1.4B | $-104.2M | ||
| Q2 25 | $1.4B | $-102.7M | ||
| Q1 25 | $1.4B | $-119.8M | ||
| Q4 24 | $1.4B | $-157.4M | ||
| Q3 24 | $1.4B | $-149.4M | ||
| Q2 24 | $1.4B | $-140.8M | ||
| Q1 24 | $1.5B | $-133.3M |
总资产ADAMASPS
| Q4 25 | $12.6B | $139.8M | ||
| Q3 25 | $12.4B | $139.9M | ||
| Q2 25 | $10.6B | $142.9M | ||
| Q1 25 | $10.0B | $145.7M | ||
| Q4 24 | $9.2B | $143.6M | ||
| Q3 24 | $8.9B | $144.5M | ||
| Q2 24 | $8.2B | $146.6M | ||
| Q1 24 | $7.4B | $148.9M |
负债/权益比ADAMASPS
| 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 | $-505.0K |
| 自由现金流经营现金流 - 资本支出 | $125.9M | $-525.0K |
| 自由现金流率自由现金流/营收 | 291.6% | -1.2% |
| 资本支出强度资本支出/营收 | 18.9% | 0.0% |
| 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 | — | $-5.1M |
8季度趋势，按日历期对齐
经营现金流ADAMASPS
| Q4 25 | $134.0M | $-505.0K | ||
| Q3 25 | $6.9M | $718.0K | ||
| Q2 25 | $39.2M | $-306.0K | ||
| Q1 25 | $25.8M | $-5.0M | ||
| Q4 24 | $14.1M | $-1.4M | ||
| Q3 24 | $-922.0K | $-1.6M | ||
| Q2 24 | $-993.0K | $180.0K | ||
| Q1 24 | $-13.1M | $-2.2M |
自由现金流ADAMASPS
| Q4 25 | $125.9M | $-525.0K | ||
| Q3 25 | — | $697.0K | ||
| Q2 25 | — | $-309.0K | ||
| Q1 25 | — | $-5.0M | ||
| Q4 24 | $-10.6M | $-1.4M | ||
| Q3 24 | $-8.6M | — | ||
| Q2 24 | $-8.6M | — | ||
| Q1 24 | $-19.1M | — |
自由现金流率ADAMASPS
| Q4 25 | 291.6% | -1.2% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | -0.7% | ||
| Q1 25 | — | -11.5% | ||
| Q4 24 | -39.6% | -3.4% | ||
| Q3 24 | -42.3% | — | ||
| Q2 24 | -44.9% | — | ||
| Q1 24 | -107.0% | — |
资本支出强度ADAMASPS
| Q4 25 | 18.9% | 0.0% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | 92.3% | 0.0% | ||
| Q3 24 | 37.7% | 0.0% | ||
| Q2 24 | 39.7% | 0.0% | ||
| Q1 24 | 33.5% | 0.0% |
现金转化率ADAMASPS
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 4.59× | -0.02× | ||
| 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% |
ASPS
| Services | $39.9M | 94% |
| Revenue Relatedto Technology Platformsand Professional Services | $2.4M | 6% |
