← AGREE REALTY CORP ADC
Market Price
$74.74
Market Cap
$9.02B
P/E Ratio
42.23
Revenue (FY 2025)
↑16.4% YoY
$718.16M
3-Yr CAGR: 18.7%
Net Income
↑8.0% YoY
$204.35M
Net Margin: 28.5%
Free Cash Flow
-$370.36M
FCF Yield: -4.11%
EPS (Diluted)
↓-0.6% YoY
$1.77
Basic: $1.77
Return on Equity
Efficiency
3.3%
ROA: 2.1%
📊 Multi-Year Historical Performance & Trends
Financial Performance History
Revenue, Net Income & Free Cash Flow
Margins Trend (%)
Gross, Operating & Net Margins
Balance Sheet Strength
Cash, Debt & Equity
Cash Flow Generation
Operating Cash Flow vs CapEx vs FCF
📈 Year-over-Year (YoY) Growth History (ADC)
All monetary values in millions ($M)| Fiscal Year | Revenue | Revenue YoY | Gross Profit | Net Income | Net Inc YoY | Diluted EPS | EPS YoY | Op. Cash Flow | Free Cash Flow | FCF YoY |
|---|---|---|---|---|---|---|---|---|---|---|
| FY 2016 | $91.5M | — | $76.2M | $45.1M | — | $1.97 | — | $61.7M | — | — |
| FY 2017 | $116.6M | +27.3% | $98.4M | $58.1M | +28.8% | $2.08 | +5.6% | $82.2M | — | — |
| FY 2018 | $148.2M | +27.1% | $123.3M | $58.2M | +0.1% | $1.78 | -14.4% | $93.2M | — | — |
| FY 2019 | $187.3M | +26.4% | $154.2M | $80.1M | +37.7% | $1.93 | +8.4% | $126.7M | $-576.2M | — |
| FY 2020 | $248.3M | +32.6% | $208.2M | $91.4M | +14.1% | $1.74 | -9.8% | $143.0M | $-1,167.0M | -102.5% |
| FY 2021 | $339.1M | +36.6% | $288.7M | $122.3M | +33.8% | $1.78 | +2.3% | $246.3M | $-1,143.7M | +2.0% |
| FY 2022 | $429.6M | +26.7% | $366.2M | $152.4M | +24.7% | $1.83 | +2.8% | $362.1M | $-1,237.9M | -8.2% |
| FY 2023 | $537.4M | +25.1% | $456.3M | $170.0M | +11.5% | $1.70 | -7.1% | $391.6M | $-808.4M | +34.7% |
| FY 2024 | $616.8M | +14.8% | $507.9M | $189.2M | +11.3% | $1.78 | +4.7% | $432.0M | $-442.5M | +45.3% |
| FY 2025 | $718.2M | +16.4% | $583.6M | $204.3M | +8.0% | $1.77 | -0.6% | $504.1M | — | — |
Valuation
Market Price
$74.74
Market Cap
$9.02B
Enterprise Value
N/A
P/E Ratio
42.23
P/B Ratio
1.43
FCF Yield
-4.11%
Dividend Yield
4.12%
Shares Outstanding
Profitability & Margins
Gross Margin
81.26%
Operating Margin
47.40%
Net Margin
28.45%
Return on Equity (ROE)
3.26%
Return on Assets (ROA)
2.09%
Asset Turnover
0.07x
Revenue 3-Yr CAGR
18.68%
Financial Health & Liquidity
Current Ratio
N/A
Cash Ratio
N/A
Debt / Equity
N/A
Debt / Assets
N/A
Cash & Equivalents
$16.30M
Total Debt
N/A
Book Value / Share
$52.21
Cash Flow Efficiency
Operating Cash Flow
$504.14M
Capital Expenditures (CapEx)
$874.50M
Free Cash Flow
-$370.36M
OCF / Revenue
70.20%
FCF / Revenue
-51.57%
FCF 3-Yr CAGR
N/A
Per Share Metrics
EPS (Diluted)
$1.77
EPS (Basic)
$1.77
Dividends / Share
$3.08
Book Value / Share
$52.21
EPS YoY Growth
-0.56%
Balance Sheet (FY 2025)
Total Assets
$9.80B
Total Liabilities
$3.53B
Stockholders' Equity
$6.27B
Current Assets
N/A
Current Liabilities
N/A