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ADAMAS TRUST, INC.

ADAM

$9.82 ▲ +0.30 (+3.20%) at close

17 Visible periods

28 Metrics

Peer-ranked Benchmarks

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Health

Fair

Neutral

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Analytical Summary

ADAMAS TRUST, INC. shows mixed fundamentals. Consider comparing against peers in the Real Estate sector before making investment decisions.

Market Cap $888.0M

Dividend Yield 2.04%

Revenue Growth —

Op. Margin —

ROIC None

FCF / Share None

Trailing P/E 8.8x

Price / Book 0.6x

FCF Yield —

Debt / Equity 0.52

info Valuation on last close. End-of-day price, Aug 7, 2026.

17-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Net Income Profit after all expenses

$149.05M

↑ +340.3% —

Long-Term Debt Long-term obligations

$735.83M

↓ -21.2% —

Health Breakdown

Returns ↑

Financial Health ↑

Dividend History

Dividend / share · sourced from SEC filings

$0.20 Latest / share

+0.0% YoY

-43.0% 4-yr CAGR

FY 2014

$1.08

FY 2015

$0.96

FY 2016

FY 2017

FY 2018

FY 2019

FY 2020

FY 2021

FY 2022

FY 2023

$0.20

FY 2024

$0.20

FY 2025

Financial view

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📈 Is growth accelerating? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
EPS Growth YoY (%)	N/M	-15.2% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-10.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	N/M	4.8% Caution ↑ Caution Improving Year-over-year change in earnings per share Optimal: > 10%	-8.8% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	36.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-19.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-58.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	33.3% Excellent → Excellent Stable Year-over-year change in earnings per share Optimal: > 10%	2.8% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	134.8% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-36.1% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	N/M	-27.5% Weak Weak Year-over-year change in net income	83.7% Excellent Excellent Year-over-year change in net income	N/M	N/M	N/M	68.9% Excellent ↑ Excellent Improving Year-over-year change in net income	11.9% Fair ↑ Fair Improving Year-over-year change in net income	36.2% Excellent ↑ Excellent Improving Year-over-year change in net income	-13.4% Weak ↓ Weak Declining Year-over-year change in net income	-42.7% Weak ↓ Weak Declining Year-over-year change in net income	97.5% Excellent ↓ Excellent Declining Year-over-year change in net income	143.8% Excellent ↓ Excellent Declining Year-over-year change in net income	480.3% Excellent Excellent Year-over-year change in net income	-28.4% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS CAGR 3Y (%)	—	—	—	—	-15.1% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	—	9.1% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	0.0% Caution ↑ Caution Improving Compound annual EPS growth over 3 years	-22.8% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-23.3% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-16.9% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	47.6% Excellent Excellent Compound annual EPS growth over 3 years	15.5% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Effective Tax Rate (%) (%)	—	—	—	—	—	—	—	-1.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	3.6% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	4.4% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	5.5% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	4.5% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	3.2% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	8.3% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—
FCF Margin (%) (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF / Net Income (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Return on Invested Capital (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Capital (%) (%)	1.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-1.0% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	-1.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-5.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-6.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.7% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	0.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.7% Weak Weak Operating profit relative to total assets Optimal: > 10%	1.8% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	10.4% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+31%)	-4.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-156%)	-3.1% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-139%)	-16.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-311%)	8.3% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	-12.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-257%)	7.9% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	8.7% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+9%)	9.5% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+18%)	8.0% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	8.9% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+11%)	16.7% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+108%)	14.3% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+79%)	8.8% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+10%)	5.7% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-29%)	9.9% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+24%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Debt to Equity (x)	0.52x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-48%)	—	0.59x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-41%)	0.31x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-69%)	0.43x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-57%)	0.10x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-90%)	0.10x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-90%)	0.18x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-82%)	—	—	—	—	—	—	—	—	—
Interest Coverage (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Debt (USD)	$525.50M	$-167.42M	$746.95M	$297.74M	$712.12M	$-73.15M	$104.86M	$110.56M	$-95.19M	$-83.55M	$-61.96M	$-75.60M	$-31.80M	$-31.78M	$-16.59M	$-19.38M	$-24.52M
Debt / EBITDA (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

📊 What does each share earn? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Basic EPS, GAAP (USD)	$1.12	$-1.14	$-0.99	$-0.90	$1.52	$-3.56	$2.60	$2.48	$2.72	$2.00	$2.48	$5.92	$4.44	$4.32	$1.84	$2.88	—
Free Cash Flow per Share (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend per Share (USD)	$0.20	$0.20	—	—	—	—	—	—	—	$0.96	$1.08	—	—	$4.24	$4.00	$3.16	—
Book Value per Share (USD)	$15.80	$15.40	$17.42	$4.84	$24.68	$31.59	$30.28	$30.32	$34.74	$30.43	$32.19	$31.13	$29.99	$25.98	$0.02	$0.03	—
Tangible Book Value per Share (USD)	$15.55	$15.40	$17.42	$4.84	$24.68	$31.59	$29.93	$29.67	$33.84	$29.53	$32.19	$31.13	$29.99	$25.98	$0.02	$0.03	—
Basic Weighted Avg Shares (shares)	90.43M	90.81M	91.04M	377.29M	94.81M	92.75M	55.34M	31.81M	27.96M	27.40M	27.10M	21.97M	14.78M	6.52M	2.62M	2.36M	—
Dividend Payout Ratio (%)	—	—	—	—	—	—	—	—	—	—	—	—	—	98.1% Weak ↓ Weak Declining Dividends paid as a percentage of earnings Optimal: 30-60%	217.4% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	109.7% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
LT Debt (USD)	$735.83M	—	$934.05M	$542.45M	$1.00B	$220.03M	$223.62M	$214.28M	—	—	—	—	—	—	—	—	—
Total Equity (USD)	$1.43B	$1.39B	$1.58B	$1.77B	$2.34B	$2.30B	$2.21B	$1.18B	$971.87M	$848.08M	$880.53M	$817.93M	$480.67M	$322.01M	$85.28M	$68.49M	—

📋 What is driving earnings? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Depreciation Expense (USD)	$23.12M	$39.82M	$24.62M	$126.82M	$5.70M	—	—	—	—	—	—	$-2.67M	$13.42M	$10.49M	$126.00K	$669.00K	—
Net Income, GAAP (USD)	$149.05M	$-62.03M	$-48.66M	$-298.61M	$193.20M	$-288.51M	$173.74M	$102.89M	$91.98M	$67.55M	$78.01M	$136.19M	$68.95M	$28.28M	$4.87M	$6.80M	—
Operating Cash Flow (USD)	$134.04M	$14.07M	$29.95M	$91.78M	$138.91M	$110.75M	$35.10M	$24.18M	$29.33M	$53.84M	$36.34M	$37.55M	$53.30M	$29.09M	$13.41M	$-305.00K	—

🏛️ Sector-Specific 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
FFO (approx.) (USD)	$172.17M	$-22.21M	$-24.05M	$-171.78M	—	—	—	—	—	—	—	$133.52M	$82.38M	$38.77M	$5.00M	$7.47M	—
FFO per Share (approx.) (USD)	$1.90	$-0.24	$-0.26	$-0.46	—	—	—	—	—	—	—	$6.08	$5.58	$5.95	$1.91	$3.17	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 17 years · 67 quarters

ADAMAS TRUST, INC.

Analytical Summary

17-Year Financial Trajectory

Health Breakdown

Dividend History

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