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ADAMAS TRUST, INC.（ADAM）与FGI Industries Ltd.（FGI）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FGI Industries Ltd.的1.4倍（$43.2M vs $30.5M），ADAMAS TRUST, INC.净利率更高（124.0% vs -8.6%，领先132.6%），ADAMAS TRUST, INC.同比增速更快（61.6% vs -14.4%），ADAMAS TRUST, INC.自由现金流更多（$125.9M vs $2.3M），过去两年ADAMAS TRUST, INC.的营收复合增速更高（55.5% vs -0.5%）
FGI Industries Ltd是一家全球厨卫产品、家居收纳解决方案及家装用品的设计、制造与分销商，服务覆盖北美、欧洲及亚太地区的大型连锁零售商、家居专营店和电商平台。
ADAM vs FGI — 直观对比
营收规模更大
ADAM
是对方的1.4倍
$30.5M
营收增速更快
ADAM
高出76.0%
-14.4%
净利率更高
ADAM
高出132.6%
-8.6%
自由现金流更多
ADAM
多$123.6M
$2.3M
两年增速更快
ADAM
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $30.5M |
| 净利润 | $53.5M | $-2.6M |
| 毛利率 | — | 26.7% |
| 营业利润率 | — | -2.2% |
| 净利率 | 124.0% | -8.6% |
| 营收同比 | 61.6% | -14.4% |
| 净利润同比 | 270.5% | -553.1% |
| 每股收益（稀释后） | $0.45 | $-1.63 |
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ADAMFGI
| Q4 25 | $43.2M | $30.5M | ||
| Q3 25 | $36.6M | $35.8M | ||
| Q2 25 | $36.4M | $31.0M | ||
| Q1 25 | $33.1M | $33.2M | ||
| Q4 24 | $26.7M | $35.6M | ||
| Q3 24 | $20.2M | $36.1M | ||
| Q2 24 | $19.0M | $29.4M | ||
| Q1 24 | $17.9M | $30.8M |
净利润ADAMFGI
| Q4 25 | $53.5M | $-2.6M | ||
| Q3 25 | $44.8M | $-1.7M | ||
| Q2 25 | $8.5M | $-1.2M | ||
| Q1 25 | $42.2M | $-629.1K | ||
| Q4 24 | $-31.4M | $-402.3K | ||
| Q3 24 | $42.8M | $-550.1K | ||
| Q2 24 | $-15.6M | $163.6K | ||
| Q1 24 | $-57.9M | $-412.2K |
毛利率ADAMFGI
| Q4 25 | — | 26.7% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 28.1% | ||
| Q1 25 | — | 26.8% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 25.8% | ||
| Q2 24 | — | 30.5% | ||
| Q1 24 | — | 27.4% |
营业利润率ADAMFGI
| Q4 25 | — | -2.2% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | 11.7% | -2.7% | ||
| Q1 25 | — | -3.9% | ||
| Q4 24 | -119.0% | -3.5% | ||
| Q3 24 | — | -0.2% | ||
| Q2 24 | -124.7% | -1.5% | ||
| Q1 24 | -448.8% | -1.0% |
净利率ADAMFGI
| Q4 25 | 124.0% | -8.6% | ||
| Q3 25 | 122.5% | -4.6% | ||
| Q2 25 | 23.4% | -4.0% | ||
| Q1 25 | 127.4% | -1.9% | ||
| Q4 24 | -117.5% | -1.1% | ||
| Q3 24 | 211.7% | -1.5% | ||
| Q2 24 | -81.9% | 0.6% | ||
| Q1 24 | -324.1% | -1.3% |
每股收益（稀释后）ADAMFGI
| Q4 25 | $0.45 | $-1.63 | ||
| Q3 25 | $0.36 | $-0.86 | ||
| Q2 25 | $-0.04 | $-0.64 | ||
| Q1 25 | $0.33 | $-0.07 | ||
| Q4 24 | $-0.46 | $-0.38 | ||
| Q3 24 | $0.36 | $-0.29 | ||
| Q2 24 | $-0.29 | $0.08 | ||
| Q1 24 | $-0.75 | $-0.04 |
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 | $1.9M |
| 总债务越低越好 | $735.8M | — |
| 股东权益账面价值 | $1.4B | $17.3M |
| 总资产 | $12.6B | $69.5M |
| 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ADAMFGI
| Q4 25 | $210.3M | $1.9M | ||
| Q3 25 | $185.3M | $1.9M | ||
| Q2 25 | $160.4M | $2.5M | ||
| Q1 25 | $177.1M | $1.2M | ||
| Q4 24 | $167.4M | $4.6M | ||
| Q3 24 | $195.1M | $3.0M | ||
| Q2 24 | $235.5M | $1.3M | ||
| Q1 24 | $226.9M | $3.3M |
总债务ADAMFGI
| 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ADAMFGI
| Q4 25 | $1.4B | $17.3M | ||
| Q3 25 | $1.4B | $19.7M | ||
| Q2 25 | $1.4B | $21.3M | ||
| Q1 25 | $1.4B | $21.8M | ||
| Q4 24 | $1.4B | $22.3M | ||
| Q3 24 | $1.4B | $23.5M | ||
| Q2 24 | $1.4B | $23.8M | ||
| Q1 24 | $1.5B | $23.9M |
总资产ADAMFGI
| Q4 25 | $12.6B | $69.5M | ||
| Q3 25 | $12.4B | $73.0M | ||
| Q2 25 | $10.6B | $71.7M | ||
| Q1 25 | $10.0B | $68.5M | ||
| Q4 24 | $9.2B | $75.5M | ||
| Q3 24 | $8.9B | $74.7M | ||
| Q2 24 | $8.2B | $69.9M | ||
| Q1 24 | $7.4B | $68.6M |
负债/权益比ADAMFGI
| 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 | $2.3M |
| 自由现金流经营现金流 - 资本支出 | $125.9M | $2.3M |
| 自由现金流率自由现金流/营收 | 291.6% | 7.5% |
| 资本支出强度资本支出/营收 | 18.9% | 0.2% |
| 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 | — | $-212.5K |
8季度趋势，按日历期对齐
经营现金流ADAMFGI
| Q4 25 | $134.0M | $2.3M | ||
| Q3 25 | $6.9M | $-1.9M | ||
| Q2 25 | $39.2M | $7.6M | ||
| Q1 25 | $25.8M | $-7.4M | ||
| Q4 24 | $14.1M | $617.4K | ||
| Q3 24 | $-922.0K | $-915.0K | ||
| Q2 24 | $-993.0K | $862.1K | ||
| Q1 24 | $-13.1M | $-8.0M |
自由现金流ADAMFGI
| Q4 25 | $125.9M | $2.3M | ||
| Q3 25 | — | $-2.1M | ||
| Q2 25 | — | $7.4M | ||
| Q1 25 | — | $-7.7M | ||
| Q4 24 | $-10.6M | $-214.1K | ||
| Q3 24 | $-8.6M | $-1.1M | ||
| Q2 24 | $-8.6M | $281.5K | ||
| Q1 24 | $-19.1M | $-8.6M |
自由现金流率ADAMFGI
| Q4 25 | 291.6% | 7.5% | ||
| Q3 25 | — | -5.9% | ||
| Q2 25 | — | 23.8% | ||
| Q1 25 | — | -23.3% | ||
| Q4 24 | -39.6% | -0.6% | ||
| Q3 24 | -42.3% | -3.0% | ||
| Q2 24 | -44.9% | 1.0% | ||
| Q1 24 | -107.0% | -28.0% |
资本支出强度ADAMFGI
| Q4 25 | 18.9% | 0.2% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | 92.3% | 2.3% | ||
| Q3 24 | 37.7% | 0.5% | ||
| Q2 24 | 39.7% | 2.0% | ||
| Q1 24 | 33.5% | 2.0% |
现金转化率ADAMFGI
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.02× | — | ||
| Q2 24 | — | 5.27× | ||
| 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% |
FGI
| Sanitaryware | $19.1M | 63% |
| Shower System | $5.8M | 19% |
| Kitchen And Bath Other | $3.3M | 11% |
| Bath Furniture Products | $2.3M | 7% |
