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ADAMAS TRUST, INC.（ADAM）与Star Holdings（STHO）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Star Holdings的1.7倍（$43.2M vs $25.4M），ADAMAS TRUST, INC.净利率更高（124.0% vs -75.5%，领先199.5%），ADAMAS TRUST, INC.同比增速更快（61.6% vs -22.6%），过去两年ADAMAS TRUST, INC.的营收复合增速更高（55.5% vs -0.2%）
蓝星有限公司是一家印度跨国家电企业，总部位于孟买，主营空调、商用制冷以及机电工程业务，是印度本土市场规模第二大的空调领域本土企业。
ADAM vs STHO — 直观对比
营收规模更大
ADAM
是对方的1.7倍
$25.4M
营收增速更快
ADAM
高出84.2%
-22.6%
净利率更高
ADAM
高出199.5%
-75.5%
两年增速更快
ADAM
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $25.4M |
| 净利润 | $53.5M | $-19.1M |
| 毛利率 | — | — |
| 营业利润率 | — | -91.7% |
| 净利率 | 124.0% | -75.5% |
| 营收同比 | 61.6% | -22.6% |
| 净利润同比 | 270.5% | 81.3% |
| 每股收益（稀释后） | $0.45 | $-1.52 |
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ADAMSTHO
| Q4 25 | $43.2M | $25.4M | ||
| Q3 25 | $36.6M | $28.1M | ||
| Q2 25 | $36.4M | $42.1M | ||
| Q1 25 | $33.1M | $14.6M | ||
| Q4 24 | $26.7M | $32.8M | ||
| Q3 24 | $20.2M | $24.6M | ||
| Q2 24 | $19.0M | $30.6M | ||
| Q1 24 | $17.9M | $25.4M |
净利润ADAMSTHO
| Q4 25 | $53.5M | $-19.1M | ||
| Q3 25 | $44.8M | $1.8M | ||
| Q2 25 | $8.5M | $-39.3M | ||
| Q1 25 | $42.2M | $-7.6M | ||
| Q4 24 | $-31.4M | $-102.6M | ||
| Q3 24 | $42.8M | $91.9M | ||
| Q2 24 | $-15.6M | $-27.1M | ||
| Q1 24 | $-57.9M | $-49.0M |
营业利润率ADAMSTHO
| Q4 25 | — | -91.7% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | 11.7% | -94.5% | ||
| Q1 25 | — | -55.0% | ||
| Q4 24 | -119.0% | -314.1% | ||
| Q3 24 | — | — | ||
| Q2 24 | -124.7% | -91.5% | ||
| Q1 24 | -448.8% | -192.6% |
净利率ADAMSTHO
| Q4 25 | 124.0% | -75.5% | ||
| Q3 25 | 122.5% | 6.4% | ||
| Q2 25 | 23.4% | -93.5% | ||
| Q1 25 | 127.4% | -52.0% | ||
| Q4 24 | -117.5% | -313.1% | ||
| Q3 24 | 211.7% | 374.3% | ||
| Q2 24 | -81.9% | -88.8% | ||
| Q1 24 | -324.1% | -192.6% |
每股收益（稀释后）ADAMSTHO
| Q4 25 | $0.45 | $-1.52 | ||
| Q3 25 | $0.36 | $0.14 | ||
| Q2 25 | $-0.04 | $-2.95 | ||
| Q1 25 | $0.33 | $-0.57 | ||
| Q4 24 | $-0.46 | $-7.69 | ||
| Q3 24 | $0.36 | $6.90 | ||
| Q2 24 | $-0.29 | $-2.04 | ||
| Q1 24 | $-0.75 | $-3.68 |
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 | $50.1M |
| 总债务越低越好 | $735.8M | $268.7M |
| 股东权益账面价值 | $1.4B | $251.8M |
| 总资产 | $12.6B | $570.2M |
| 负债/权益比越低杠杆越低 | 0.52× | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资ADAMSTHO
| Q4 25 | $210.3M | $50.1M | ||
| Q3 25 | $185.3M | $40.6M | ||
| Q2 25 | $160.4M | $44.2M | ||
| Q1 25 | $177.1M | $30.3M | ||
| Q4 24 | $167.4M | $35.0M | ||
| Q3 24 | $195.1M | $45.0M | ||
| Q2 24 | $235.5M | $48.3M | ||
| Q1 24 | $226.9M | $45.7M |
总债务ADAMSTHO
| Q4 25 | $735.8M | $268.7M | ||
| Q3 25 | $766.6M | $259.3M | ||
| Q2 25 | $653.0M | $245.4M | ||
| Q1 25 | $654.4M | $231.5M | ||
| Q4 24 | $573.2M | $217.3M | ||
| Q3 24 | $699.4M | $201.2M | ||
| Q2 24 | $800.7M | $197.2M | ||
| Q1 24 | $1.0B | $195.0M |
股东权益ADAMSTHO
| Q4 25 | $1.4B | $251.8M | ||
| Q3 25 | $1.4B | $275.4M | ||
| Q2 25 | $1.4B | $276.1M | ||
| Q1 25 | $1.4B | $316.1M | ||
| Q4 24 | $1.4B | $324.3M | ||
| Q3 24 | $1.4B | $427.5M | ||
| Q2 24 | $1.4B | $335.3M | ||
| Q1 24 | $1.5B | $362.4M |
总资产ADAMSTHO
| Q4 25 | $12.6B | $570.2M | ||
| Q3 25 | $12.4B | $595.9M | ||
| Q2 25 | $10.6B | $589.9M | ||
| Q1 25 | $10.0B | $618.2M | ||
| Q4 24 | $9.2B | $608.7M | ||
| Q3 24 | $8.9B | $696.5M | ||
| Q2 24 | $8.2B | $601.0M | ||
| Q1 24 | $7.4B | $622.9M |
负债/权益比ADAMSTHO
| Q4 25 | 0.52× | 1.07× | ||
| Q3 25 | 0.55× | 0.94× | ||
| Q2 25 | 0.47× | 0.89× | ||
| Q1 25 | 0.47× | 0.73× | ||
| Q4 24 | 0.41× | 0.67× | ||
| Q3 24 | 0.48× | 0.47× | ||
| Q2 24 | 0.56× | 0.59× | ||
| Q1 24 | 0.67× | 0.54× |
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 | $-11.7M |
| 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ADAMSTHO
| Q4 25 | $134.0M | $-11.7M | ||
| Q3 25 | $6.9M | $5.3M | ||
| Q2 25 | $39.2M | $-2.6M | ||
| Q1 25 | $25.8M | $-6.3M | ||
| Q4 24 | $14.1M | $-31.3M | ||
| Q3 24 | $-922.0K | $-3.8M | ||
| Q2 24 | $-993.0K | $-6.4M | ||
| Q1 24 | $-13.1M | $-14.2M |
自由现金流ADAMSTHO
| 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ADAMSTHO
| 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ADAMSTHO
| 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ADAMSTHO
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | 2.95× | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.02× | -0.04× | ||
| 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% |
STHO
| Land Development | $13.0M | 51% |
| Other Income Revenue | $9.3M | 37% |
| Operating Lease Income | $2.0M | 8% |
| Other | $1.2M | 5% |
