Agree Realty Corporation (ADC) Earnings History
Annual and quarterly earnings data from 1994 to 2025
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ADC EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
ADC Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 87.7% | 47.4% | 28.4% |
| 2024 | 87.9% | 49.0% | 30.7% |
| 2023 | 87.6% | 47.3% | 31.6% |
| 2022 | 87.8% | 50.7% | 35.5% |
| 2021 | 87.9% | 56.1% | 36.0% |
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Agree Realty Corporation (ADC) Earnings Overview
As of May 6, 2026, Agree Realty Corporation (ADC) reported trailing twelve-month net income of $220M, reflecting -0.6% year-over-year growth. The company earned $1.82 per diluted share over the past four quarters, with a net profit margin of 28.4%.
Looking at the long-term picture, ADC's 5-year EPS compound annual growth rate (CAGR) stands at +0.3%, reflecting modest earnings expansion. The company achieved its highest annual net income of $204M in fiscal 2025, representing a new all-time high.
Agree Realty Corporation maintains industry-leading profitability with a gross margin of 87.7%, operating margin of 47.4%, and net margin of 28.4%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including NNN ($387M net income, 42.1% margin), O ($1.06B net income, 18.4% margin), EPRT ($257M net income, 45.0% margin), ADC has room to improve margins relative to the peer group. Compare ADC vs NNN →
ADC Earnings vs Peers
Earnings metrics vs comparable public companies
ADC Historical Earnings Data (1994–2025)
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $204M | +8.0% | $340M | $1.77 | 28.4% | 47.4% |
| 2024 | $189M | +11.3% | $302M | $1.78 | 30.7% | 49.0% |
| 2023 | $170M | +11.5% | $254M | $1.70 | 31.6% | 47.3% |
| 2022 | $152M | +24.7% | $218M | $1.83 | 35.5% | 50.7% |
| 2021 | $122M | +33.8% | $190M | $1.78 | 36.0% | 56.1% |
| 2020 | $91M | +14.1% | $133M | $1.74 | 36.8% | 53.6% |
| 2019 | $80M | +37.7% | $114M | $1.93 | 42.7% | 61.0% |
| 2018 | $58M | +0.1% | $73M | $1.80 | 42.4% | 53.2% |
| 2017 | $58M | +28.8% | $63M | $2.08 | 52.1% | 56.5% |
| 2016 | $45M | +15.6% | $52M | $1.97 | 49.3% | 56.4% |
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Start ComparisonADC — Frequently Asked Questions
Quick answers to the most common questions about buying ADC stock.
Is ADC growing earnings?
ADC EPS of $1.82 reflects slowing growth at -0.6%, below the 5-year CAGR of +0.3%. TTM net income is $220M. Expansion rate has moderated.
What are ADC's profit margins?
Agree Realty Corporation net margin is +28.4%, with operating margin at +47.4%. Above-average margins indicate pricing power.
How consistent are ADC's earnings?
ADC earnings data spans 1994-2025. The current earnings trend is -0.6% YoY. Historical data enables comparison across business cycles.