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ADAMAS TRUST, INC.（ADAM）与Rumble Inc.（RUM）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Rumble Inc.的1.6倍（$43.2M vs $27.1M），ADAMAS TRUST, INC.净利率更高（124.0% vs -120.8%，领先244.8%），ADAMAS TRUST, INC.同比增速更快（61.6% vs -10.5%），ADAMAS TRUST, INC.自由现金流更多（$125.9M vs $-31.7M），过去两年ADAMAS TRUST, INC.的营收复合增速更高（55.5% vs 15.2%）
Rumble Inc.是一家加美跨国企业，主营在线视频平台、网络托管及云服务，总部位于加拿大多伦多，美国总部设在佛罗里达州朗博特基。公司由加拿大科技创业者克里斯·帕夫洛夫斯基于2013年创立，云服务板块为Truth Social提供托管支持，其视频平台在美国保守派及极右翼用户群体中广受欢迎，属于“另类科技”阵营。
ADAM vs RUM — 直观对比
营收规模更大
ADAM
是对方的1.6倍
$27.1M
营收增速更快
ADAM
高出72.1%
-10.5%
净利率更高
ADAM
高出244.8%
-120.8%
自由现金流更多
ADAM
多$157.6M
$-31.7M
两年增速更快
ADAM
近两年复合增速
15.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $27.1M |
| 净利润 | $53.5M | $-32.7M |
| 毛利率 | — | 5.5% |
| 营业利润率 | — | -131.1% |
| 净利率 | 124.0% | -120.8% |
| 营收同比 | 61.6% | -10.5% |
| 净利润同比 | 270.5% | 86.2% |
| 每股收益（稀释后） | $0.45 | $-0.13 |
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ADAMRUM
| Q4 25 | $43.2M | $27.1M | ||
| Q3 25 | $36.6M | $24.8M | ||
| Q2 25 | $36.4M | — | ||
| Q1 25 | $33.1M | $23.7M | ||
| Q4 24 | $26.7M | $30.2M | ||
| Q3 24 | $20.2M | $25.1M | ||
| Q2 24 | $19.0M | $22.5M | ||
| Q1 24 | $17.9M | $17.7M |
净利润ADAMRUM
| Q4 25 | $53.5M | $-32.7M | ||
| Q3 25 | $44.8M | $-16.3M | ||
| Q2 25 | $8.5M | — | ||
| Q1 25 | $42.2M | $-2.7M | ||
| Q4 24 | $-31.4M | $-236.8M | ||
| Q3 24 | $42.8M | $-31.5M | ||
| Q2 24 | $-15.6M | $-26.8M | ||
| Q1 24 | $-57.9M | $-43.3M |
毛利率ADAMRUM
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | -1.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -26.7% | ||
| Q4 24 | — | -14.2% | ||
| Q3 24 | — | -45.4% | ||
| Q2 24 | — | -58.8% | ||
| Q1 24 | — | -79.5% |
营业利润率ADAMRUM
| Q4 25 | — | -131.1% | ||
| Q3 25 | — | -113.6% | ||
| Q2 25 | 11.7% | — | ||
| Q1 25 | — | -153.5% | ||
| Q4 24 | -119.0% | -80.1% | ||
| Q3 24 | — | -131.0% | ||
| Q2 24 | -124.7% | -172.7% | ||
| Q1 24 | -448.8% | -197.4% |
净利率ADAMRUM
| Q4 25 | 124.0% | -120.8% | ||
| Q3 25 | 122.5% | -65.7% | ||
| Q2 25 | 23.4% | — | ||
| Q1 25 | 127.4% | -11.2% | ||
| Q4 24 | -117.5% | -783.2% | ||
| Q3 24 | 211.7% | -125.9% | ||
| Q2 24 | -81.9% | -119.2% | ||
| Q1 24 | -324.1% | -244.1% |
每股收益（稀释后）ADAMRUM
| Q4 25 | $0.45 | $-0.13 | ||
| Q3 25 | $0.36 | $-0.06 | ||
| Q2 25 | $-0.04 | — | ||
| Q1 25 | $0.33 | $-0.01 | ||
| Q4 24 | $-0.46 | $-1.17 | ||
| Q3 24 | $0.36 | $-0.15 | ||
| Q2 24 | $-0.29 | $-0.13 | ||
| Q1 24 | $-0.75 | $-0.21 |
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 | $237.9M |
| 总债务越低越好 | $735.8M | — |
| 股东权益账面价值 | $1.4B | $274.8M |
| 总资产 | $12.6B | $336.8M |
| 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ADAMRUM
| Q4 25 | $210.3M | $237.9M | ||
| Q3 25 | $185.3M | $269.8M | ||
| Q2 25 | $160.4M | — | ||
| Q1 25 | $177.1M | $301.3M | ||
| Q4 24 | $167.4M | $114.0M | ||
| Q3 24 | $195.1M | $132.0M | ||
| Q2 24 | $235.5M | $154.2M | ||
| Q1 24 | $226.9M | $183.8M |
总债务ADAMRUM
| 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ADAMRUM
| Q4 25 | $1.4B | $274.8M | ||
| Q3 25 | $1.4B | $302.2M | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | $339.6M | ||
| Q4 24 | $1.4B | $-63.1M | ||
| Q3 24 | $1.4B | $166.1M | ||
| Q2 24 | $1.4B | $192.7M | ||
| Q1 24 | $1.5B | $210.7M |
总资产ADAMRUM
| Q4 25 | $12.6B | $336.8M | ||
| Q3 25 | $12.4B | $367.2M | ||
| Q2 25 | $10.6B | — | ||
| Q1 25 | $10.0B | $391.1M | ||
| Q4 24 | $9.2B | $195.3M | ||
| Q3 24 | $8.9B | $217.2M | ||
| Q2 24 | $8.2B | $243.2M | ||
| Q1 24 | $7.4B | $263.0M |
负债/权益比ADAMRUM
| 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 | $-29.4M |
| 自由现金流经营现金流 - 资本支出 | $125.9M | $-31.7M |
| 自由现金流率自由现金流/营收 | 291.6% | -117.2% |
| 资本支出强度资本支出/营收 | 18.9% | 8.5% |
| 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 | — | $-70.8M |
8季度趋势，按日历期对齐
经营现金流ADAMRUM
| Q4 25 | $134.0M | $-29.4M | ||
| Q3 25 | $6.9M | $-10.6M | ||
| Q2 25 | $39.2M | — | ||
| Q1 25 | $25.8M | $-14.5M | ||
| Q4 24 | $14.1M | $-12.4M | ||
| Q3 24 | $-922.0K | $-19.1M | ||
| Q2 24 | $-993.0K | $-21.7M | ||
| Q1 24 | $-13.1M | $-33.9M |
自由现金流ADAMRUM
| Q4 25 | $125.9M | $-31.7M | ||
| Q3 25 | — | $-12.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-14.6M | ||
| Q4 24 | $-10.6M | $-12.4M | ||
| Q3 24 | $-8.6M | $-19.9M | ||
| Q2 24 | $-8.6M | $-23.1M | ||
| Q1 24 | $-19.1M | $-34.3M |
自由现金流率ADAMRUM
| Q4 25 | 291.6% | -117.2% | ||
| Q3 25 | — | -48.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -61.7% | ||
| Q4 24 | -39.6% | -40.9% | ||
| Q3 24 | -42.3% | -79.5% | ||
| Q2 24 | -44.9% | -102.8% | ||
| Q1 24 | -107.0% | -193.3% |
资本支出强度ADAMRUM
| Q4 25 | 18.9% | 8.5% | ||
| Q3 25 | — | 5.7% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | 92.3% | 0.1% | ||
| Q3 24 | 37.7% | 3.4% | ||
| Q2 24 | 39.7% | 6.1% | ||
| Q1 24 | 33.5% | 2.4% |
现金转化率ADAMRUM
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 4.59× | — | ||
| 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% |
RUM
| Audience Monetization | $23.8M | 88% |
| Other Initiatives | $3.3M | 12% |
