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ADC Therapeutics S.A. (ADCT) 10-Year Financial Performance & Capital Metrics

ADCT • • Industrial / General
HealthcareBiotechnologyOncology TherapeuticsHematologic Oncology
AboutADC Therapeutics SA, a commercial-stage biotechnology company, develops antibody drug conjugates (ADC) for patients suffering from hematological malignancies and solid tumors. Its flagship product ZYNLONTA that is in Phase II clinical trial for the treatment of relapsed or refractory diffuse large B-cell lymphoma (DLBCL) and follicular lymphoma; Phase III clinical trial in combination with rituximab to treat relapsed or refractory DLBCL in second-line transplant-ineligible patients; and Phase I clinical trial for treatment of relapsed or refractory non-hodgkin lymphoma (NHL). The company is also developing camidanlumab tesirine, an ADC that has completed Phase I clinical trial to treat relapsed or refractory NHL; in Phase II clinical trial in relapsed or refractory hodgkin lymphoma; and in Phase Ib clinical trial for selected advanced solid tumors. In addition, it develops ADCT-602, which is in Phase Ia clinical trial for treatment of acute lymphoblastic leukemia; ADCT-601 and ADCT-901 that are in Phase Ia clinical trial for treatment of various solid tumors; and preclinical product candidates, including ADCT-701 and ADCT-901 for the treatment of solid tumors. It has a collaboration and license agreement with Genmab A/S, Bergenbio AS, Synaffix B.V., Mitsubishi Tanabe Pharma Corporation, Overland Pharmaceuticals, and MedImmune Limited. ADC Therapeutics SA was incorporated in 2011 and is headquartered in Epalinges, Switzerland.Show more
  • Revenue $71M +1.8%
  • EBITDA -$127M +21.7%
  • Net Income -$158M +34.2%
  • EPS (Diluted) -1.62 +44.9%
  • Gross Margin 91.6% -4.9%
  • EBITDA Margin -179.82% +23.1%
  • Operating Margin -184.44% +22.7%
  • Net Margin -222.83% +35.4%
  • ROE -
  • ROIC -
  • Debt/Equity -
  • Interest Coverage -2.60 +27.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 87 (top 13%)
  • ✓Strong 5Y sales CAGR of 97.8%

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Shares diluted 18.9% in last year
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y97.79%
3Y27.82%
TTM6.35%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM21.31%

EPS CAGR

10Y-
5Y-
3Y-
TTM39.33%

ROCE

10Y Avg-56.07%
5Y Avg-49.73%
3Y Avg-41%
Latest-49.43%

Peer Comparison

Hematologic Oncology
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CLRBCellectar Biosciences, Inc.15.48M3.65-0.09-200.99%0.03
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VORVor Biopharma Inc.308.06M14.06-0.41-94.52%0.33
FATEFate Therapeutics, Inc.121.12M1.05-0.64-78.55%-21.87%-66.69%0.27
KPTIKaryopharm Therapeutics Inc.121.95M6.66-0.71-0.55%-87.43%

Profit & Loss

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+1.8M1.14M2.34M033.92M209.91M69.56M70.84M
Revenue Growth %--0.37%1.05%-1%-5.19%-0.67%0.02%
Cost of Goods Sold+85.53M118.09M0141.82M1.39M3.3M2.53M5.95M
COGS % of Revenue47.44%103.58%--0.04%0.02%0.04%0.08%
Gross Profit+-83.73M-116.95M2.34M-141.82M32.52M206.61M67.03M64.89M
Gross Margin %-46.44%-102.58%1%-0.96%0.98%0.96%0.92%
Gross Profit Growth %--0.4%1.02%-61.61%1.23%5.35%-0.68%-0.03%
Operating Expenses+93.47M127.08M121.74M77.45M294.24M329.95M233.01M195.54M
OpEx % of Revenue51.84%111.47%52.03%-8.68%1.57%3.35%2.76%
Selling, General & Admin7.81M8.6M14.2M77.23M136.24M143.49M105.89M85.91M
SG&A % of Revenue4.33%7.55%6.07%-4.02%0.68%1.52%1.21%
Research & Development85.53M118.31M107.54M142.03M158M186.46M127.13M109.63M
R&D % of Revenue47.44%103.78%45.96%-4.66%0.89%1.83%1.55%
Other Operating Expenses137K166K0-141.82M0000
Operating Income+-91.67M-125.94M-119.4M-219.26M-261.72M-123.34M-165.99M-130.65M
Operating Margin %-50.84%-110.47%-51.03%--7.72%-0.59%-2.39%-1.84%
Operating Income Growth %--0.37%0.05%-0.84%-0.19%0.53%-0.35%0.21%
EBITDA+-91.33M-125.43M-117.75M-218.44M-259.09M-120.96M-162.72M-127.38M
EBITDA Margin %-50.65%-110.02%-50.32%--7.64%-0.58%-2.34%-1.8%
EBITDA Growth %--0.37%0.06%-0.86%-0.19%0.53%-0.35%0.22%
D&A (Non-Cash Add-back)341K513K1.65M821K2.63M2.39M3.27M3.28M
EBIT-91.67M-122.87M-115.75M-219.05M-233.16M-110.09M-149.09M-105.92M
Net Interest Income+1.03M2.86M2.1M-4.09M-18.27M-34.16M-35.78M-37.94M
Interest Income1.03M2.86M2.25M832K66K2.57M10.54M12.27M
Interest Expense00156K4.93M18.34M36.73M46.33M50.21M
Other Income/Expense1.86M3.07M3.5M-26.7M10.21M-33.56M-34.96M-27.03M
Pretax Income+-89.81M-122.87M-115.9M-245.96M-251.5M-156.9M-200.95M-157.68M
Pretax Margin %-49.81%-107.78%-49.53%--7.42%-0.75%-2.89%-2.23%
Income Tax+48K224K582K327K-21.48M227K39.11M166K
Effective Tax Rate %1%1%1.01%1%0.91%1%1.19%1%
Net Income+-89.86M-123.1M-116.48M-246.29M-230.03M-157.13M-240.05M-157.85M
Net Margin %-49.84%-107.98%-49.78%--6.78%-0.75%-3.45%-2.23%
Net Income Growth %--0.37%0.05%-1.11%0.07%0.32%-0.53%0.34%
Net Income (Continuing)-89.86M-123.1M-116.48M-246.29M-230.03M-157.13M-240.05M-157.85M
Discontinued Operations00000000
Minority Interest00000000
EPS (Diluted)+-1.53-2.29-1.74-3.77-3.00-1.99-2.94-1.62
EPS Growth %--0.5%0.24%-1.17%0.2%0.34%-0.48%0.45%
EPS (Basic)-1.53-2.29-1.74-3.77-3.00-1.99-2.94-1.62
Diluted Shares Outstanding58.85M53.83M66.87M65.41M76.75M78.15M81.71M97.16M
Basic Shares Outstanding58.85M53.83M66.87M65.41M76.75M78.15M81.71M97.16M
Dividend Payout Ratio--------

Balance Sheet

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+265.17M142.08M122.61M450.45M525.18M434.98M336.29M307.39M
Cash & Short-Term Investments262.75M138.81M115.55M439.19M466.54M326.44M278.6M250.87M
Cash Only262.75M138.81M115.55M439.19M466.54M326.44M278.6M250.87M
Short-Term Investments00000000
Accounts Receivable1.93M372K2.84M2.69M32.17M72.97M25.18M20.32M
Days Sales Outstanding390.1119.11442.99-346.16126.89132.14104.68
Inventory293K1.2M0011.12M12.07M16.18M18.39M
Days Inventory Outstanding1.253.72--2.91K1.33K2.33K1.13K
Other Current Assets000410K0199K5.99M9.45M
Total Non-Current Assets+6.78M8.48M15.08M63.24M92.79M55.88M18.49M14.59M
Property, Plant & Equipment1.14M1.54M6.27M4.76M11.23M10.26M16.13M13.43M
Fixed Asset Turnover1.58x0.74x0.37x-3.02x20.46x4.31x5.27x
Goodwill00000000
Intangible Assets5.4M6.67M8.43M10.18M13.58M14.36M00
Long-Term Investments00047.91M41.24M7.61M1.65M0
Other Non-Current Assets232K264K368K397K693K-13.46M711K1.16M
Total Assets+271.95M150.56M137.68M513.69M617.97M490.86M354.78M321.98M
Asset Turnover0.01x0.01x0.02x-0.05x0.43x0.20x0.22x
Asset Growth %--0.45%-0.09%2.73%0.2%-0.21%-0.28%-0.09%
Total Current Liabilities+20.55M22.35M19.94M40.44M73.94M81.94M67.67M80.47M
Accounts Payable7.62M6.75M3.33M012.08M12.35M15.57M18.03M
Days Payables Outstanding32.5120.86--3.17K1.37K2.25K1.11K
Short-Term Debt0004.63M6.58M12.47M00
Deferred Revenue (Current)1000K1000K000000
Other Current Liabilities00834K23.59M14.11M4.08M37.94M47.47M
Current Ratio12.91x6.36x6.15x11.14x7.10x5.31x4.97x3.82x
Quick Ratio12.89x6.30x6.15x11.14x6.95x5.16x4.73x3.59x
Cash Conversion Cycle358.84101.96--95.1496.15219.89126.65
Total Non-Current Liabilities+2.24M1.96M6.58M137.75M377.95M329.47M435.36M444.15M
Long-Term Debt000107.98M125.1M109.71M112.73M113.63M
Capital Lease Obligations003.9M2.46M6.99M6.56M10.18M8M
Deferred Tax Liabilities00000000
Other Non-Current Liabilities1.08M1.39M2.68M3.76M222.32M189.65M312.45M2.43M
Total Liabilities22.78M24.32M26.53M178.19M451.88M411.41M503.03M524.62M
Total Debt+005.03M115.08M139.7M129.85M124.38M123M
Net Debt-262.75M-138.81M-110.52M-324.11M-326.85M-196.59M-154.22M-127.87M
Debt / Equity--0.05x0.34x0.84x1.63x--
Debt / EBITDA--------
Net Debt / EBITDA--------
Interest Coverage---765.38x-44.51x-14.27x-3.36x-3.58x-2.60x
Total Equity+249.17M126.24M111.16M335.5M166.09M79.45M-148.25M-202.64M
Equity Growth %--0.49%-0.12%2.02%-0.5%-0.52%-2.87%-0.37%
Book Value per Share4.232.351.665.132.161.02-1.81-2.09
Total Shareholders' Equity249.17M126.24M111.16M335.5M166.09M79.45M-148.25M-202.64M
Common Stock397K401K4.36M6.31M6.45M7.31M7.31M8.43M
Retained Earnings-208.99M-332.08M-448.57M-694.86M-924.88M-1.1B-1.34B-1.49B
Treasury Stock00-100K-4K-128K-679K-541K-220K
Accumulated OCI5.46M5.66M5.54M43M102.83M1.82M-93K-1.42M
Minority Interest00000000

Cash Flow

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-74.94M-121.36M-121.58M-168.73M-233.38M-138.31M-118.69M-123.83M
Operating CF Margin %-41.57%-106.46%-51.96%--6.88%-0.66%-1.71%-1.75%
Operating CF Growth %--0.62%-0%-0.39%-0.38%0.41%0.14%-0.04%
Net Income-89.86M-123.1M-116.48M-246.29M-230.03M-157.13M-240.05M-157.85M
Depreciation & Amortization341K740K1.65M2.19M2.63M5.74M3.27M3.28M
Stock-Based Compensation980K469K1.12M37.59M60.48M50.64M13.49M6.57M
Deferred Taxes48K935K1.21M327K-26.05M037.1M0
Other Non-Cash Items36K-891K-1.19M25.1M-24.7M11.47M23.23M20.34M
Working Capital Changes13.51M481K-7.88M12.36M-15.71M-49.03M44.27M3.83M
Change in Receivables4.82M895K192K0-30.22M-42.75M47.79M4.77M
Change in Inventory5.03M1.58M-2.31M0-3.02M-9.65M-5.71M-3.73M
Change in Payables5.47M-858K-3.42M1.92M6.8M03.17M2.46M
Cash from Investing+-3.25M-2.51M-2.25M-2.83M-6.67M-687K-3.22M-867K
Capital Expenditures-3.16M-2.47M-2.15M-2.81M-3.43M-687K-3.22M-867K
CapEx % of Revenue1.75%2.17%0.92%-0.1%0%0.05%0.01%
Acquisitions--------
Investments--------
Other Investing-92K-36K-100K-19K-3.24M000
Cash from Financing+197.24M-24K100.51M494.97M267.39M-897K73.88M97.05M
Debt Issued (Net)--------
Equity Issued (Net)--------
Dividends Paid00000000
Share Repurchases--------
Other Financing0-24K101.66M54K218.78M3.13M73.88M36.55M
Net Change in Cash--------
Free Cash Flow+-78.1M-123.83M-123.73M-171.54M-239.75M-139M-121.9M-124.7M
FCF Margin %-43.32%-108.62%-52.88%--7.07%-0.66%-1.75%-1.76%
FCF Growth %--0.59%0%-0.39%-0.4%0.42%0.12%-0.02%
FCF per Share-1.33-2.30-1.85-2.62-3.12-1.78-1.49-1.28
FCF Conversion (FCF/Net Income)0.83x0.99x1.04x0.69x1.01x0.88x0.49x0.78x
Interest Paid0000010.18M15.39M15.7M
Taxes Paid00000000

Key Ratios

Metric20172018201920202021202220232024
Return on Equity (ROE)-36.07%-65.58%-98.13%-110.28%-91.72%-127.99%--
Return on Invested Capital (ROIC)---14080.07%-2734.63%----
Gross Margin-4643.76%-10258.42%100%-95.89%98.43%96.36%91.6%
Net Margin-4984.03%-10797.89%-4977.95%--678.2%-74.86%-345.11%-222.83%
Debt / Equity--0.05x0.34x0.84x1.63x--
Interest Coverage---765.38x-44.51x-14.27x-3.36x-3.58x-2.60x
FCF Conversion0.83x0.99x1.04x0.69x1.01x0.88x0.49x0.78x
Revenue Growth--36.77%105.26%-100%-518.89%-66.86%1.84%

Revenue by Segment

2021202220232024
Product--69.06M69.28M
Product Growth---0.32%
Royalty Revenue--498K1.56M
Royalty Revenue Growth---212.65%
License Revenues----
License Revenues Growth----
Contract Revenue-135M--
Contract Revenue Growth----
Product Revenue33.92M74.91M--
Product Revenue Growth-120.86%--

Revenue by Geography

2021202220232024
UNITED STATES--69.06M69.28M
UNITED STATES Growth---0.32%
EMEA--498K1.56M
EMEA Growth---212.65%
JAPAN----
JAPAN Growth----

Frequently Asked Questions

Growth & Financials

ADC Therapeutics S.A. (ADCT) reported $75.2M in revenue for fiscal year 2024. This represents a 4071% increase from $1.8M in 2017.

ADC Therapeutics S.A. (ADCT) grew revenue by 1.8% over the past year. Growth has been modest.

ADC Therapeutics S.A. (ADCT) reported a net loss of $166.9M for fiscal year 2024.

Dividend & Returns

ADC Therapeutics S.A. (ADCT) had negative free cash flow of $132.3M in fiscal year 2024, likely due to heavy capital investments.

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