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ADC Therapeutics SA（ADCT）与REDWOOD TRUST INC（RWT）财务数据对比。点击上方公司名可切换其他公司
REDWOOD TRUST INC的季度营收约是ADC Therapeutics SA的1.1倍（$25.9M vs $23.1M），ADC Therapeutics SA同比增速更快（36.4% vs -6.1%），过去两年ADC Therapeutics SA的营收复合增速更高（13.7% vs -41.0%）
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。
Redwood Trust Inc是总部位于美国的专业房地产投资信托公司，主营住宅与商业抵押贷款、抵押贷款支持证券及房地产信贷类资产的投资管理，核心业务覆盖住宅抵押贷款发放、商业地产信贷和投资服务，客户以机构投资者和房地产市场参与者为主。
ADCT vs RWT — 直观对比
营收规模更大
RWT
是对方的1.1倍
$23.1M
营收增速更快
ADCT
高出42.4%
-6.1%
两年增速更快
ADCT
近两年复合增速
-41.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $23.1M | $25.9M |
| 净利润 | — | $20.0M |
| 毛利率 | — | — |
| 营业利润率 | -77.7% | — |
| 净利率 | — | 77.2% |
| 营收同比 | 36.4% | -6.1% |
| 净利润同比 | — | 402.6% |
| 每股收益（稀释后） | $0.04 | $0.11 |
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ADCTRWT
| Q4 25 | $23.1M | $25.9M | ||
| Q3 25 | $15.8M | $15.0M | ||
| Q2 25 | $18.1M | $13.8M | ||
| Q1 25 | $17.4M | $27.9M | ||
| Q4 24 | $16.9M | $27.6M | ||
| Q3 24 | $18.0M | $25.5M | ||
| Q2 24 | $17.0M | $67.4M | ||
| Q1 24 | $17.8M | $74.5M |
净利润ADCTRWT
| Q4 25 | — | $20.0M | ||
| Q3 25 | $-41.0M | $-7.7M | ||
| Q2 25 | $-56.6M | $-98.5M | ||
| Q1 25 | $-38.6M | $16.1M | ||
| Q4 24 | — | $-6.6M | ||
| Q3 24 | $-44.0M | $14.8M | ||
| Q2 24 | $-36.5M | $15.5M | ||
| Q1 24 | $-46.6M | $30.3M |
营业利润率ADCTRWT
| Q4 25 | -77.7% | — | ||
| Q3 25 | -196.6% | -9.0% | ||
| Q2 25 | -244.1% | -679.0% | ||
| Q1 25 | -163.5% | 80.2% | ||
| Q4 24 | -191.8% | -1.3% | ||
| Q3 24 | -197.4% | 86.1% | ||
| Q2 24 | -170.5% | 30.3% | ||
| Q1 24 | -188.3% | 41.3% |
净利率ADCTRWT
| Q4 25 | — | 77.2% | ||
| Q3 25 | -260.1% | -51.4% | ||
| Q2 25 | -313.2% | -712.0% | ||
| Q1 25 | -221.8% | 57.8% | ||
| Q4 24 | — | -24.0% | ||
| Q3 24 | -244.1% | 58.1% | ||
| Q2 24 | -214.6% | 23.0% | ||
| Q1 24 | -261.1% | 40.6% |
每股收益（稀释后）ADCTRWT
| Q4 25 | $0.04 | $0.11 | ||
| Q3 25 | $-0.30 | $-0.08 | ||
| Q2 25 | $-0.50 | $-0.76 | ||
| Q1 25 | $-0.36 | $0.10 | ||
| Q4 24 | $-0.26 | $-0.08 | ||
| Q3 24 | $-0.42 | $0.09 | ||
| Q2 24 | $-0.38 | $0.10 | ||
| Q1 24 | $-0.56 | $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 | $261.3M | $255.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-185.8M | $982.6M |
| 总资产 | $323.1M | $23.7B |
| 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ADCTRWT
| Q4 25 | $261.3M | $255.7M | ||
| Q3 25 | $234.7M | $226.3M | ||
| Q2 25 | $264.6M | $302.0M | ||
| Q1 25 | $194.7M | $259.9M | ||
| Q4 24 | $250.9M | $245.2M | ||
| Q3 24 | $274.3M | $253.7M | ||
| Q2 24 | $300.1M | $275.6M | ||
| Q1 24 | $234.3M | $275.4M |
总债务ADCTRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.7B |
股东权益ADCTRWT
| Q4 25 | $-185.8M | $982.6M | ||
| Q3 25 | $-238.2M | $999.0M | ||
| Q2 25 | $-199.2M | $1.1B | ||
| Q1 25 | $-238.2M | $1.2B | ||
| Q4 24 | $-202.6M | $1.2B | ||
| Q3 24 | $-171.9M | $1.2B | ||
| Q2 24 | $-131.7M | $1.2B | ||
| Q1 24 | $-194.4M | $1.2B |
总资产ADCTRWT
| Q4 25 | $323.1M | $23.7B | ||
| Q3 25 | $289.8M | $22.6B | ||
| Q2 25 | $321.6M | $21.3B | ||
| Q1 25 | $272.5M | $19.9B | ||
| Q4 24 | $322.0M | $18.3B | ||
| Q3 24 | $349.1M | $18.4B | ||
| Q2 24 | $371.8M | $16.5B | ||
| Q1 24 | $308.0M | $15.1B |
负债/权益比ADCTRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.39× |
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 | $-10.1B |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 现金转化率经营现金流/净利润 | — | -504.15× |
| 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ADCTRWT
| Q4 25 | $-31.1M | $-10.1B | ||
| Q3 25 | $-29.6M | $-2.7B | ||
| Q2 25 | $-24.1M | $-2.1B | ||
| Q1 25 | $-56.3M | $-2.0B | ||
| Q4 24 | $-21.9M | $-5.9B | ||
| Q3 24 | $-25.0M | $-2.1B | ||
| Q2 24 | $-32.8M | $-2.0B | ||
| Q1 24 | $-44.1M | $-954.2M |
自由现金流ADCTRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-56.6M | — | ||
| Q4 24 | $-21.9M | — | ||
| Q3 24 | $-25.3M | — | ||
| Q2 24 | $-32.9M | — | ||
| Q1 24 | $-44.6M | — |
自由现金流率ADCTRWT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -325.2% | — | ||
| Q4 24 | -129.8% | — | ||
| Q3 24 | -140.2% | — | ||
| Q2 24 | -193.0% | — | ||
| Q1 24 | -250.0% | — |
资本支出强度ADCTRWT
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 3.0% | — |
现金转化率ADCTRWT
| Q4 25 | — | -504.15× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -120.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -140.86× | ||
| Q2 24 | — | -126.56× | ||
| Q1 24 | — | -31.53× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
