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ADAMAS TRUST, INC.（ADAM）与Clearfield, Inc.（CLFD）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Clearfield, Inc.的1.3倍（$43.2M vs $34.3M），ADAMAS TRUST, INC.净利率更高（124.0% vs -1.8%，领先125.8%），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 $-2.4M），过去两年ADAMAS TRUST, INC.的营收复合增速更高（55.5% vs -3.5%）
Clearfield, Inc.总部位于美国明尼苏达州明尼阿波利斯市，是一家专注于光纤产品研发生产的企业，其产品主要应用于光纤通信网络建设领域，为通信基础设施部署提供相关硬件支撑。
ADAM vs CLFD — 直观对比
营收规模更大
ADAM
是对方的1.3倍
$34.3M
营收增速更快
ADAM
高出64.8%
-3.2%
净利率更高
ADAM
高出125.8%
-1.8%
自由现金流更多
ADAM
多$128.3M
$-2.4M
两年增速更快
ADAM
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $34.3M |
| 净利润 | $53.5M | $-614.0K |
| 毛利率 | — | 33.2% |
| 营业利润率 | — | -5.3% |
| 净利率 | 124.0% | -1.8% |
| 营收同比 | 61.6% | -3.2% |
| 净利润同比 | 270.5% | 67.8% |
| 每股收益（稀释后） | $0.45 | $-0.04 |
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ADAMCLFD
| Q4 25 | $43.2M | $34.3M | ||
| Q3 25 | $36.6M | $23.4M | ||
| Q2 25 | $36.4M | $49.9M | ||
| Q1 25 | $33.1M | $47.2M | ||
| Q4 24 | $26.7M | $29.7M | ||
| Q3 24 | $20.2M | $5.6M | ||
| Q2 24 | $19.0M | $48.8M | ||
| Q1 24 | $17.9M | $36.9M |
净利润ADAMCLFD
| Q4 25 | $53.5M | $-614.0K | ||
| Q3 25 | $44.8M | $-9.1M | ||
| Q2 25 | $8.5M | $1.6M | ||
| Q1 25 | $42.2M | $1.3M | ||
| Q4 24 | $-31.4M | $-1.9M | ||
| Q3 24 | $42.8M | — | ||
| Q2 24 | $-15.6M | $-447.0K | ||
| Q1 24 | $-57.9M | $-5.9M |
毛利率ADAMCLFD
| Q4 25 | — | 33.2% | ||
| Q3 25 | — | 53.2% | ||
| Q2 25 | — | 30.5% | ||
| Q1 25 | — | 30.1% | ||
| Q4 24 | — | 29.2% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 21.9% | ||
| Q1 24 | — | 7.7% |
营业利润率ADAMCLFD
| Q4 25 | — | -5.3% | ||
| Q3 25 | — | 10.3% | ||
| Q2 25 | 11.7% | 3.0% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | -119.0% | -6.9% | ||
| Q3 24 | — | — | ||
| Q2 24 | -124.7% | -4.7% | ||
| Q1 24 | -448.8% | -26.4% |
净利率ADAMCLFD
| Q4 25 | 124.0% | -1.8% | ||
| Q3 25 | 122.5% | -38.8% | ||
| Q2 25 | 23.4% | 3.2% | ||
| Q1 25 | 127.4% | 2.8% | ||
| Q4 24 | -117.5% | -6.4% | ||
| Q3 24 | 211.7% | — | ||
| Q2 24 | -81.9% | -0.9% | ||
| Q1 24 | -324.1% | -16.0% |
每股收益（稀释后）ADAMCLFD
| Q4 25 | $0.45 | $-0.04 | ||
| Q3 25 | $0.36 | $-0.65 | ||
| Q2 25 | $-0.04 | $0.11 | ||
| Q1 25 | $0.33 | $0.09 | ||
| Q4 24 | $-0.46 | $-0.13 | ||
| Q3 24 | $0.36 | — | ||
| Q2 24 | $-0.29 | $-0.04 | ||
| Q1 24 | $-0.75 | $-0.40 |
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 | $96.4M |
| 总债务越低越好 | $735.8M | — |
| 股东权益账面价值 | $1.4B | $249.7M |
| 总资产 | $12.6B | $268.1M |
| 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ADAMCLFD
| Q4 25 | $210.3M | $96.4M | ||
| Q3 25 | $185.3M | $106.0M | ||
| Q2 25 | $160.4M | $117.2M | ||
| Q1 25 | $177.1M | $112.0M | ||
| Q4 24 | $167.4M | $113.0M | ||
| Q3 24 | $195.1M | $129.0M | ||
| Q2 24 | $235.5M | $123.8M | ||
| Q1 24 | $226.9M | $142.9M |
总债务ADAMCLFD
| Q4 25 | $735.8M | — | ||
| Q3 25 | $766.6M | — | ||
| Q2 25 | $653.0M | — | ||
| Q1 25 | $654.4M | — | ||
| Q4 24 | $573.2M | — | ||
| Q3 24 | $699.4M | $2.2M | ||
| Q2 24 | $800.7M | $2.1M | ||
| Q1 24 | $1.0B | — |
股东权益ADAMCLFD
| Q4 25 | $1.4B | $249.7M | ||
| Q3 25 | $1.4B | $256.2M | ||
| Q2 25 | $1.4B | $264.5M | ||
| Q1 25 | $1.4B | $265.9M | ||
| Q4 24 | $1.4B | $267.4M | ||
| Q3 24 | $1.4B | $275.8M | ||
| Q2 24 | $1.4B | $274.6M | ||
| Q1 24 | $1.5B | $279.2M |
总资产ADAMCLFD
| Q4 25 | $12.6B | $268.1M | ||
| Q3 25 | $12.4B | $306.2M | ||
| Q2 25 | $10.6B | $314.7M | ||
| Q1 25 | $10.0B | $310.9M | ||
| Q4 24 | $9.2B | $303.2M | ||
| Q3 24 | $8.9B | $315.3M | ||
| Q2 24 | $8.2B | $318.1M | ||
| Q1 24 | $7.4B | $315.4M |
负债/权益比ADAMCLFD
| Q4 25 | 0.52× | — | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.48× | 0.01× | ||
| Q2 24 | 0.56× | 0.01× | ||
| 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 | $-1.4M |
| 自由现金流经营现金流 - 资本支出 | $125.9M | $-2.4M |
| 自由现金流率自由现金流/营收 | 291.6% | -7.1% |
| 资本支出强度资本支出/营收 | 18.9% | 2.9% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流ADAMCLFD
| Q4 25 | $134.0M | $-1.4M | ||
| Q3 25 | $6.9M | — | ||
| Q2 25 | $39.2M | $7.9M | ||
| Q1 25 | $25.8M | $3.0M | ||
| Q4 24 | $14.1M | $7.2M | ||
| Q3 24 | $-922.0K | $22.2M | ||
| Q2 24 | $-993.0K | $4.0M | ||
| Q1 24 | $-13.1M | $-5.7M |
自由现金流ADAMCLFD
| Q4 25 | $125.9M | $-2.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $7.5M | ||
| Q1 25 | — | $654.0K | ||
| Q4 24 | $-10.6M | $5.1M | ||
| Q3 24 | $-8.6M | $18.2M | ||
| Q2 24 | $-8.6M | $2.8M | ||
| Q1 24 | $-19.1M | $-7.7M |
自由现金流率ADAMCLFD
| Q4 25 | 291.6% | -7.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | -39.6% | 17.1% | ||
| Q3 24 | -42.3% | 323.0% | ||
| Q2 24 | -44.9% | 5.8% | ||
| Q1 24 | -107.0% | -20.8% |
资本支出强度ADAMCLFD
| Q4 25 | 18.9% | 2.9% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | 92.3% | 7.0% | ||
| Q3 24 | 37.7% | 71.4% | ||
| Q2 24 | 39.7% | 2.5% | ||
| Q1 24 | 33.5% | 5.3% |
现金转化率ADAMCLFD
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 4.59× | 4.93× | ||
| Q1 25 | 0.61× | 2.30× | ||
| 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% |
CLFD
暂无分部数据
