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

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

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Columns are period end dates · fundamentals updated 2 Nov 2026

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