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ADAMAS TRUST, INC.（ADAM）与GEOSPACE TECHNOLOGIES CORP（GEOS）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GEOSPACE TECHNOLOGIES CORP的1.7倍（$43.2M vs $25.6M），ADAMAS TRUST, INC.净利率更高（124.0% vs -38.2%，领先162.2%），ADAMAS TRUST, INC.同比增速更快（61.6% vs -31.3%），ADAMAS TRUST, INC.自由现金流更多（$125.9M vs $-17.6M），过去两年ADAMAS TRUST, INC.的营收复合增速更高（55.5% vs 2.7%）
地理空间技术公司是油气行业专用电子设备与地震数据采集设备的制造商，自1997年11月起于纳斯达克挂牌上市，为油气勘探开发领域提供专业的勘探设备支持，在行业内深耕专用设备研发制造多年。
ADAM vs GEOS — 直观对比
营收规模更大
ADAM
是对方的1.7倍
$25.6M
营收增速更快
ADAM
高出92.9%
-31.3%
净利率更高
ADAM
高出162.2%
-38.2%
自由现金流更多
ADAM
多$143.4M
$-17.6M
两年增速更快
ADAM
近两年复合增速
2.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $25.6M |
| 净利润 | $53.5M | $-9.8M |
| 毛利率 | — | 10.5% |
| 营业利润率 | — | -40.0% |
| 净利率 | 124.0% | -38.2% |
| 营收同比 | 61.6% | -31.3% |
| 净利润同比 | 270.5% | -216.6% |
| 每股收益（稀释后） | $0.45 | $-0.76 |
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ADAMGEOS
| Q4 25 | $43.2M | $25.6M | ||
| Q3 25 | $36.6M | $30.7M | ||
| Q2 25 | $36.4M | $24.8M | ||
| Q1 25 | $33.1M | $18.0M | ||
| Q4 24 | $26.7M | $37.2M | ||
| Q3 24 | $20.2M | $35.4M | ||
| Q2 24 | $19.0M | $25.9M | ||
| Q1 24 | $17.9M | $24.3M |
净利润ADAMGEOS
| Q4 25 | $53.5M | $-9.8M | ||
| Q3 25 | $44.8M | $-9.1M | ||
| Q2 25 | $8.5M | $760.0K | ||
| Q1 25 | $42.2M | $-9.8M | ||
| Q4 24 | $-31.4M | $8.4M | ||
| Q3 24 | $42.8M | $-12.9M | ||
| Q2 24 | $-15.6M | $-2.1M | ||
| Q1 24 | $-57.9M | $-4.3M |
毛利率ADAMGEOS
| Q4 25 | — | 10.5% | ||
| Q3 25 | — | 11.3% | ||
| Q2 25 | — | 30.3% | ||
| Q1 25 | — | 9.7% | ||
| Q4 24 | — | 54.1% | ||
| Q3 24 | — | 45.0% | ||
| Q2 24 | — | 33.0% | ||
| Q1 24 | — | 24.2% |
营业利润率ADAMGEOS
| Q4 25 | — | -40.0% | ||
| Q3 25 | — | -30.0% | ||
| Q2 25 | 11.7% | 1.5% | ||
| Q1 25 | — | -57.0% | ||
| Q4 24 | -119.0% | 21.0% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | -124.7% | -9.3% | ||
| Q1 24 | -448.8% | -18.6% |
净利率ADAMGEOS
| Q4 25 | 124.0% | -38.2% | ||
| Q3 25 | 122.5% | -29.5% | ||
| Q2 25 | 23.4% | 3.1% | ||
| Q1 25 | 127.4% | -54.4% | ||
| Q4 24 | -117.5% | 22.5% | ||
| Q3 24 | 211.7% | -36.3% | ||
| Q2 24 | -81.9% | -8.0% | ||
| Q1 24 | -324.1% | -17.8% |
每股收益（稀释后）ADAMGEOS
| Q4 25 | $0.45 | $-0.76 | ||
| Q3 25 | $0.36 | $-0.70 | ||
| Q2 25 | $-0.04 | $0.06 | ||
| Q1 25 | $0.33 | $-0.77 | ||
| Q4 24 | $-0.46 | $0.65 | ||
| Q3 24 | $0.36 | $-0.96 | ||
| Q2 24 | $-0.29 | $-0.16 | ||
| Q1 24 | $-0.75 | $-0.32 |
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 | $10.6M |
| 总债务越低越好 | $735.8M | $0 |
| 股东权益账面价值 | $1.4B | $115.9M |
| 总资产 | $12.6B | $144.6M |
| 负债/权益比越低杠杆越低 | 0.52× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资ADAMGEOS
| Q4 25 | $210.3M | $10.6M | ||
| Q3 25 | $185.3M | $26.3M | ||
| Q2 25 | $160.4M | $25.6M | ||
| Q1 25 | $177.1M | $19.8M | ||
| Q4 24 | $167.4M | $22.1M | ||
| Q3 24 | $195.1M | $37.1M | ||
| Q2 24 | $235.5M | $42.5M | ||
| Q1 24 | $226.9M | $51.2M |
总债务ADAMGEOS
| Q4 25 | $735.8M | $0 | ||
| Q3 25 | $766.6M | $0 | ||
| Q2 25 | $653.0M | — | ||
| Q1 25 | $654.4M | — | ||
| Q4 24 | $573.2M | $0 | ||
| Q3 24 | $699.4M | $0 | ||
| Q2 24 | $800.7M | — | ||
| Q1 24 | $1.0B | $0 |
股东权益ADAMGEOS
| Q4 25 | $1.4B | $115.9M | ||
| Q3 25 | $1.4B | $125.5M | ||
| Q2 25 | $1.4B | $134.3M | ||
| Q1 25 | $1.4B | $133.1M | ||
| Q4 24 | $1.4B | $142.7M | ||
| Q3 24 | $1.4B | $134.6M | ||
| Q2 24 | $1.4B | $137.4M | ||
| Q1 24 | $1.5B | $142.2M |
总资产ADAMGEOS
| Q4 25 | $12.6B | $144.6M | ||
| Q3 25 | $12.4B | $153.0M | ||
| Q2 25 | $10.6B | $149.8M | ||
| Q1 25 | $10.0B | $149.0M | ||
| Q4 24 | $9.2B | $159.9M | ||
| Q3 24 | $8.9B | $152.2M | ||
| Q2 24 | $8.2B | $152.0M | ||
| Q1 24 | $7.4B | $157.7M |
负债/权益比ADAMGEOS
| Q4 25 | 0.52× | 0.00× | ||
| Q3 25 | 0.55× | 0.00× | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.41× | 0.00× | ||
| Q3 24 | 0.48× | 0.00× | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.67× | 0.00× |
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 | $-15.1M |
| 自由现金流经营现金流 - 资本支出 | $125.9M | $-17.6M |
| 自由现金流率自由现金流/营收 | 291.6% | -68.6% |
| 资本支出强度资本支出/营收 | 18.9% | 9.7% |
| 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 | — | $-33.0M |
8季度趋势，按日历期对齐
经营现金流ADAMGEOS
| Q4 25 | $134.0M | $-15.1M | ||
| Q3 25 | $6.9M | $-4.1M | ||
| Q2 25 | $39.2M | $-4.7M | ||
| Q1 25 | $25.8M | $-1.9M | ||
| Q4 24 | $14.1M | $-11.5M | ||
| Q3 24 | $-922.0K | $-1.6M | ||
| Q2 24 | $-993.0K | $-1.3M | ||
| Q1 24 | $-13.1M | $-8.9M |
自由现金流ADAMGEOS
| Q4 25 | $125.9M | $-17.6M | ||
| Q3 25 | — | $-6.2M | ||
| Q2 25 | — | $-6.1M | ||
| Q1 25 | — | $-3.1M | ||
| Q4 24 | $-10.6M | $-14.7M | ||
| Q3 24 | $-8.6M | $-1.8M | ||
| Q2 24 | $-8.6M | $-1.7M | ||
| Q1 24 | $-19.1M | $-11.3M |
自由现金流率ADAMGEOS
| Q4 25 | 291.6% | -68.6% | ||
| Q3 25 | — | -20.3% | ||
| Q2 25 | — | -24.7% | ||
| Q1 25 | — | -17.3% | ||
| Q4 24 | -39.6% | -39.5% | ||
| Q3 24 | -42.3% | -5.2% | ||
| Q2 24 | -44.9% | -6.4% | ||
| Q1 24 | -107.0% | -46.6% |
资本支出强度ADAMGEOS
| Q4 25 | 18.9% | 9.7% | ||
| Q3 25 | — | 6.9% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | 92.3% | 8.6% | ||
| Q3 24 | 37.7% | 0.8% | ||
| Q2 24 | 39.7% | 1.6% | ||
| Q1 24 | 33.5% | 9.8% |
现金转化率ADAMGEOS
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 4.59× | -6.22× | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | — | -1.37× | ||
| 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% |
GEOS
| Energy Solutions | $14.6M | 57% |
| Smart Water | $5.8M | 22% |
| Intelligent Industrial | $5.1M | 20% |
