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ADC Therapeutics SA（ADCT）与Clearfield, Inc.（CLFD）财务数据对比。点击上方公司名可切换其他公司
Clearfield, Inc.的季度营收约是ADC Therapeutics SA的1.5倍（$34.3M vs $23.1M），ADC Therapeutics SA同比增速更快（36.4% vs -3.2%），过去两年ADC Therapeutics SA的营收复合增速更高（13.7% vs -3.5%）
ADC电信曾是一家坐落于明尼阿波利斯西南郊区伊登普雷利的通信企业，2010年12月被泰科电子收购后不再作为独立主体运营。2015年8月康普从泰科电子收购宽带网络解决方案业务部门后，开始接手销售原ADC的产品。
Clearfield, Inc.总部位于美国明尼苏达州明尼阿波利斯市，是一家专注于光纤产品研发生产的企业，其产品主要应用于光纤通信网络建设领域，为通信基础设施部署提供相关硬件支撑。
ADCT vs CLFD — 直观对比
营收规模更大
CLFD
是对方的1.5倍
$23.1M
营收增速更快
ADCT
高出39.6%
-3.2%
两年增速更快
ADCT
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $23.1M | $34.3M |
| 净利润 | — | $-614.0K |
| 毛利率 | — | 33.2% |
| 营业利润率 | -77.7% | -5.3% |
| 净利率 | — | -1.8% |
| 营收同比 | 36.4% | -3.2% |
| 净利润同比 | — | 67.8% |
| 每股收益（稀释后） | $0.04 | $-0.04 |
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ADCTCLFD
| Q4 25 | $23.1M | $34.3M | ||
| Q3 25 | $15.8M | $23.4M | ||
| Q2 25 | $18.1M | $49.9M | ||
| Q1 25 | $17.4M | $47.2M | ||
| Q4 24 | $16.9M | $29.7M | ||
| Q3 24 | $18.0M | $5.6M | ||
| Q2 24 | $17.0M | $48.8M | ||
| Q1 24 | $17.8M | $36.9M |
净利润ADCTCLFD
| Q4 25 | — | $-614.0K | ||
| Q3 25 | $-41.0M | $-9.1M | ||
| Q2 25 | $-56.6M | $1.6M | ||
| Q1 25 | $-38.6M | $1.3M | ||
| Q4 24 | — | $-1.9M | ||
| Q3 24 | $-44.0M | — | ||
| Q2 24 | $-36.5M | $-447.0K | ||
| Q1 24 | $-46.6M | $-5.9M |
毛利率ADCTCLFD
| Q4 25 | — | 33.2% | ||
| Q3 25 | — | 53.2% | ||
| Q2 25 | — | 30.5% | ||
| Q1 25 | — | 30.1% | ||
| Q4 24 | — | 29.2% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 21.9% | ||
| Q1 24 | — | 7.7% |
营业利润率ADCTCLFD
| Q4 25 | -77.7% | -5.3% | ||
| Q3 25 | -196.6% | 10.3% | ||
| Q2 25 | -244.1% | 3.0% | ||
| Q1 25 | -163.5% | 0.6% | ||
| Q4 24 | -191.8% | -6.9% | ||
| Q3 24 | -197.4% | — | ||
| Q2 24 | -170.5% | -4.7% | ||
| Q1 24 | -188.3% | -26.4% |
净利率ADCTCLFD
| Q4 25 | — | -1.8% | ||
| Q3 25 | -260.1% | -38.8% | ||
| Q2 25 | -313.2% | 3.2% | ||
| Q1 25 | -221.8% | 2.8% | ||
| Q4 24 | — | -6.4% | ||
| Q3 24 | -244.1% | — | ||
| Q2 24 | -214.6% | -0.9% | ||
| Q1 24 | -261.1% | -16.0% |
每股收益（稀释后）ADCTCLFD
| Q4 25 | $0.04 | $-0.04 | ||
| Q3 25 | $-0.30 | $-0.65 | ||
| Q2 25 | $-0.50 | $0.11 | ||
| Q1 25 | $-0.36 | $0.09 | ||
| Q4 24 | $-0.26 | $-0.13 | ||
| Q3 24 | $-0.42 | — | ||
| Q2 24 | $-0.38 | $-0.04 | ||
| Q1 24 | $-0.56 | $-0.40 |
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 | $261.3M | $96.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-185.8M | $249.7M |
| 总资产 | $323.1M | $268.1M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ADCTCLFD
| Q4 25 | $261.3M | $96.4M | ||
| Q3 25 | $234.7M | $106.0M | ||
| Q2 25 | $264.6M | $117.2M | ||
| Q1 25 | $194.7M | $112.0M | ||
| Q4 24 | $250.9M | $113.0M | ||
| Q3 24 | $274.3M | $129.0M | ||
| Q2 24 | $300.1M | $123.8M | ||
| Q1 24 | $234.3M | $142.9M |
总债务ADCTCLFD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.2M | ||
| Q2 24 | — | $2.1M | ||
| Q1 24 | — | — |
股东权益ADCTCLFD
| Q4 25 | $-185.8M | $249.7M | ||
| Q3 25 | $-238.2M | $256.2M | ||
| Q2 25 | $-199.2M | $264.5M | ||
| Q1 25 | $-238.2M | $265.9M | ||
| Q4 24 | $-202.6M | $267.4M | ||
| Q3 24 | $-171.9M | $275.8M | ||
| Q2 24 | $-131.7M | $274.6M | ||
| Q1 24 | $-194.4M | $279.2M |
总资产ADCTCLFD
| Q4 25 | $323.1M | $268.1M | ||
| Q3 25 | $289.8M | $306.2M | ||
| Q2 25 | $321.6M | $314.7M | ||
| Q1 25 | $272.5M | $310.9M | ||
| Q4 24 | $322.0M | $303.2M | ||
| Q3 24 | $349.1M | $315.3M | ||
| Q2 24 | $371.8M | $318.1M | ||
| Q1 24 | $308.0M | $315.4M |
负债/权益比ADCTCLFD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.01× | ||
| Q2 24 | — | 0.01× | ||
| Q1 24 | — | — |
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 | $-31.1M | $-1.4M |
| 自由现金流经营现金流 - 资本支出 | — | $-2.4M |
| 自由现金流率自由现金流/营收 | — | -7.1% |
| 资本支出强度资本支出/营收 | 0.0% | 2.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 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ADCTCLFD
| Q4 25 | $-31.1M | $-1.4M | ||
| Q3 25 | $-29.6M | — | ||
| Q2 25 | $-24.1M | $7.9M | ||
| Q1 25 | $-56.3M | $3.0M | ||
| Q4 24 | $-21.9M | $7.2M | ||
| Q3 24 | $-25.0M | $22.2M | ||
| Q2 24 | $-32.8M | $4.0M | ||
| Q1 24 | $-44.1M | $-5.7M |
自由现金流ADCTCLFD
| Q4 25 | — | $-2.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $7.5M | ||
| Q1 25 | $-56.6M | $654.0K | ||
| Q4 24 | $-21.9M | $5.1M | ||
| Q3 24 | $-25.3M | $18.2M | ||
| Q2 24 | $-32.9M | $2.8M | ||
| Q1 24 | $-44.6M | $-7.7M |
自由现金流率ADCTCLFD
| Q4 25 | — | -7.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | -325.2% | 1.4% | ||
| Q4 24 | -129.8% | 17.1% | ||
| Q3 24 | -140.2% | 323.0% | ||
| Q2 24 | -193.0% | 5.8% | ||
| Q1 24 | -250.0% | -20.8% |
资本支出强度ADCTCLFD
| Q4 25 | 0.0% | 2.9% | ||
| Q3 25 | 0.0% | 2.0% | ||
| Q2 25 | 0.0% | 0.8% | ||
| Q1 25 | 1.5% | 5.1% | ||
| Q4 24 | 0.5% | 7.0% | ||
| Q3 24 | 1.2% | 71.4% | ||
| Q2 24 | 0.2% | 2.5% | ||
| Q1 24 | 3.0% | 5.3% |
现金转化率ADCTCLFD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.93× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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
