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ADAMAS TRUST, INC.（ADAM）与Maison Solutions Inc.（MSS）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Maison Solutions Inc.的1.6倍（$43.2M vs $27.6M），ADAMAS TRUST, INC.净利率更高（124.0% vs -18.0%，领先142.0%），ADAMAS TRUST, INC.同比增速更快（61.6% vs -10.9%），过去两年ADAMAS TRUST, INC.的营收复合增速更高（55.5% vs 42.5%）
Maison Solutions Inc.是一家专注于家居零售的企业，主要运营市场位于中国粤港澳大湾区，面向大众消费者提供高性价比的时尚家具、家居装饰用品及日常家用百货，同时布局线下实体门店与线上电商销售渠道。
ADAM vs MSS — 直观对比
营收规模更大
ADAM
是对方的1.6倍
$27.6M
营收增速更快
ADAM
高出72.6%
-10.9%
净利率更高
ADAM
高出142.0%
-18.0%
两年增速更快
ADAM
近两年复合增速
42.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $27.6M |
| 净利润 | $53.5M | $-5.0M |
| 毛利率 | — | 23.4% |
| 营业利润率 | — | -4.9% |
| 净利率 | 124.0% | -18.0% |
| 营收同比 | 61.6% | -10.9% |
| 净利润同比 | 270.5% | -1840.5% |
| 每股收益（稀释后） | $0.45 | $-0.23 |
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ADAMMSS
| Q4 25 | $43.2M | $27.6M | ||
| Q3 25 | $36.6M | $27.2M | ||
| Q2 25 | $36.4M | $34.4M | ||
| Q1 25 | $33.1M | $32.3M | ||
| Q4 24 | $26.7M | $29.4M | ||
| Q3 24 | $20.2M | $28.2M | ||
| Q2 24 | $19.0M | $16.9M | ||
| Q1 24 | $17.9M | $13.6M |
净利润ADAMMSS
| Q4 25 | $53.5M | $-5.0M | ||
| Q3 25 | $44.8M | $-1.5M | ||
| Q2 25 | $8.5M | $-287.4K | ||
| Q1 25 | $42.2M | $1.0M | ||
| Q4 24 | $-31.4M | $-256.0K | ||
| Q3 24 | $42.8M | $700.9K | ||
| Q2 24 | $-15.6M | $-2.8M | ||
| Q1 24 | $-57.9M | $-549.0K |
毛利率ADAMMSS
| Q4 25 | — | 23.4% | ||
| Q3 25 | — | 24.1% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 21.8% | ||
| Q4 24 | — | 26.9% | ||
| Q3 24 | — | 28.9% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 23.4% |
营业利润率ADAMMSS
| Q4 25 | — | -4.9% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | 11.7% | -15.9% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | -119.0% | 3.2% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | -124.7% | -14.4% | ||
| Q1 24 | -448.8% | -2.3% |
净利率ADAMMSS
| Q4 25 | 124.0% | -18.0% | ||
| Q3 25 | 122.5% | -5.7% | ||
| Q2 25 | 23.4% | -0.8% | ||
| Q1 25 | 127.4% | 3.1% | ||
| Q4 24 | -117.5% | -0.9% | ||
| Q3 24 | 211.7% | 2.5% | ||
| Q2 24 | -81.9% | -16.4% | ||
| Q1 24 | -324.1% | -4.0% |
每股收益（稀释后）ADAMMSS
| Q4 25 | $0.45 | $-0.23 | ||
| Q3 25 | $0.36 | $-0.08 | ||
| Q2 25 | $-0.04 | $-0.02 | ||
| Q1 25 | $0.33 | $0.06 | ||
| Q4 24 | $-0.46 | $-0.01 | ||
| Q3 24 | $0.36 | $0.04 | ||
| Q2 24 | $-0.29 | $-0.16 | ||
| Q1 24 | $-0.75 | $-0.03 |
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 | — |
| 总债务越低越好 | $735.8M | $2.6M |
| 股东权益账面价值 | $1.4B | $11.6M |
| 总资产 | $12.6B | $75.4M |
| 负债/权益比越低杠杆越低 | 0.52× | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资ADAMMSS
| Q4 25 | $210.3M | — | ||
| Q3 25 | $185.3M | $1.1M | ||
| Q2 25 | $160.4M | $775.4K | ||
| Q1 25 | $177.1M | $445.4K | ||
| Q4 24 | $167.4M | $355.7K | ||
| Q3 24 | $195.1M | $588.9K | ||
| Q2 24 | $235.5M | $2.1M | ||
| Q1 24 | $226.9M | $9.4M |
总债务ADAMMSS
| Q4 25 | $735.8M | $2.6M | ||
| Q3 25 | $766.6M | $2.6M | ||
| Q2 25 | $653.0M | $2.6M | ||
| Q1 25 | $654.4M | — | ||
| Q4 24 | $573.2M | — | ||
| Q3 24 | $699.4M | $2.5M | ||
| Q2 24 | $800.7M | $2.6M | ||
| Q1 24 | $1.0B | $2.6M |
股东权益ADAMMSS
| Q4 25 | $1.4B | $11.6M | ||
| Q3 25 | $1.4B | $10.1M | ||
| Q2 25 | $1.4B | $11.7M | ||
| Q1 25 | $1.4B | $12.0M | ||
| Q4 24 | $1.4B | $10.9M | ||
| Q3 24 | $1.4B | $11.2M | ||
| Q2 24 | $1.4B | $10.5M | ||
| Q1 24 | $1.5B | $13.3M |
总资产ADAMMSS
| Q4 25 | $12.6B | $75.4M | ||
| Q3 25 | $12.4B | $73.3M | ||
| Q2 25 | $10.6B | $77.4M | ||
| Q1 25 | $10.0B | $82.7M | ||
| Q4 24 | $9.2B | $82.7M | ||
| Q3 24 | $8.9B | $82.1M | ||
| Q2 24 | $8.2B | $82.4M | ||
| Q1 24 | $7.4B | $44.2M |
负债/权益比ADAMMSS
| Q4 25 | 0.52× | 0.22× | ||
| Q3 25 | 0.55× | 0.26× | ||
| Q2 25 | 0.47× | 0.22× | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.48× | 0.23× | ||
| Q2 24 | 0.56× | 0.24× | ||
| Q1 24 | 0.67× | 0.19× |
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 | $-1.7M |
| 自由现金流经营现金流 - 资本支出 | $125.9M | — |
| 自由现金流率自由现金流/营收 | 291.6% | — |
| 资本支出强度资本支出/营收 | 18.9% | — |
| 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ADAMMSS
| Q4 25 | $134.0M | $-1.7M | ||
| Q3 25 | $6.9M | $1.1M | ||
| Q2 25 | $39.2M | $-1.6M | ||
| Q1 25 | $25.8M | $1.7M | ||
| Q4 24 | $14.1M | $1.1M | ||
| Q3 24 | $-922.0K | $3.6M | ||
| Q2 24 | $-993.0K | $-2.6M | ||
| Q1 24 | $-13.1M | $-1.4M |
自由现金流ADAMMSS
| Q4 25 | $125.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-10.6M | — | ||
| Q3 24 | $-8.6M | — | ||
| Q2 24 | $-8.6M | — | ||
| Q1 24 | $-19.1M | — |
自由现金流率ADAMMSS
| Q4 25 | 291.6% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -39.6% | — | ||
| Q3 24 | -42.3% | — | ||
| Q2 24 | -44.9% | — | ||
| Q1 24 | -107.0% | — |
资本支出强度ADAMMSS
| Q4 25 | 18.9% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 92.3% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 39.7% | — | ||
| Q1 24 | 33.5% | — |
现金转化率ADAMMSS
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | 0.61× | 1.66× | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.02× | 5.12× | ||
| 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% |
MSS
| Perishables | $14.4M | 52% |
| Nonperishables | $13.2M | 48% |
