Friday 6 November 2026 Export ADC’s income statement to Excel — free account

Agree Realty Corporation

Agree Realty Corporation’s revenue for fiscal 2025 (year ended December 2025) was $718.4 million, up 16.4% from fiscal 2024.

Revenue: +16.7%
EPS: +17.8%
Free cash flow: +50.0%
Total debt: +10.5%

Quarter to September 2026, against a year earlier

70.43 0.47 +0.67%

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Market cap: $9.2B
P/E: 36.3×
Fwd P/E: 34.2×
Dividend yield: 4.52%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Valuation Filings

	Older periods	Dec '25	Mar '26	Jun '26	Sep '26
P/E ratio Full definition →	+8 more quarters Free account	40.69	40.75	40.72	34.44
P/S ratio Full definition →		11.10	12.05	11.66	10.25
P/FCF ratio Full definition →		0.00	0.00	0.00	0.00
P/Operating CF Full definition →		71.65	62.24	69.39	45.01
P/B ratio Full definition →		1.31	1.49	1.43	1.23
Price to Tangible BV Full definition →		1.57	1.80	1.73	1.46
EV/Sales Full definition →		15.67	16.94	16.54	14.74
EV/EBITDA Full definition →		18.05	19.34	18.87	16.61
EV/Operating CF Full definition →		22.32	24.31	24.15	20.88
EV/FCF Full definition →		(10.85)	(11.88)	(10.78)	(11.40)
Quick Ratio Full definition →		0.81	0.83	0.82	1.01
Current Ratio Full definition →		0.81	0.83	0.82	1.01
Net Debt/EBITDA Full definition →		19.53	20.61	21.42	18.59
Debt/Assets Full definition →		33.63%	36.28%	36.09%	33.93%
Debt/Equity Full definition →		0.53	0.59	0.59	0.54
Asset Turnover Full definition →		0.08	0.08	0.08	0.08
Operating CF/Net income Full definition →		2.05	2.41	2.48	2.78
Capex/Depreciation Full definition →		(4.94)	(5.43)	(5.86)	(3.88)
Interest Coverage Full definition →		2.54	2.74	2.37	2.67
Research and Development Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →		5.81%	5.72%	5.83%	5.79%
Intangible Assets out of Total Assets Full definition →		0.10	0.10	0.10	0.10
Share Based Compensation of Revenue Full definition →		1.73%	1.76%	1.84%	1.71%
Graham Net Nets Full definition →		(0.42)	(0.42)	(0.43)	(0.46)
Graham Number Full definition →		46.83	45.89	47.04	48.74
Earnings Yield Full definition →		2.46%	2.45%	2.46%	2.90%
Free Cash Flow Yield Full definition →		(13.01%)	(11.83%)	(13.16%)	(12.61%)
Revenue per Share Full definition →		1.72	1.68	1.71	1.72
Operating CF per Share Full definition →		1.01	1.21	1.09	1.48
Capex per Share Full definition →		(3.36)	(3.60)	(4.02)	(2.68)
Free Cash Flow per Share Full definition →		(2.36)	(2.39)	(2.93)	(1.19)
Cash per Share Full definition →		0.15	0.21	0.10	0.65
Shareholders Equity per Share Full definition →		56.64	52.05	54.34	55.83
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		56.64	52.05	54.34	55.83
Free Cash Flow Full definition →		(261.16)	(286.00)	(351.96)	(148.48)
Working Capital Full definition →		(32.77)	(31.53)	(31.41)	2.21
Capital Expenditures Full definition →		(372.48)	(431.15)	(482.93)	(333.08)
Net Current Asset Value Full definition →		(3,387.69)	(3,786.62)	(3,922.97)	(3,787.04)
EV/EBIT Full definition →		33.06	35.26	34.52	30.17
Capex to Sales Full definition →		1.96	2.15	2.35	1.56
Price to Operating Income Full definition →		23.43	25.08	24.33	20.99
Other line items
Average Receivables Full definition →		114.45	117.55	119.66	129.16
Average Payables Full definition →		127.83	141.85	136.65	172.70
Average Assets Full definition →		9,142.03	9,490.41	9,835.79	10,217.48
Average Common Equity Full definition →		5,715.91	5,766.92	5,912.27	6,232.93

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Columns are period end dates · fundamentals updated 2 Nov 2026

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