Agree Realty Corporation (ADC) Earnings History
Annual and quarterly earnings data from 1994 to 2025
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EPS Growth Rates (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.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 92.7% | 47.4% | 27.4% |
| 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 March 1, 2026, Agree Realty Corporation (ADC) reported trailing twelve-month net income of $190M, reflecting -0.0% year-over-year growth. The company earned $1.70 per diluted share over the past four quarters, with a net profit margin of 0.3%.
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 $197M in fiscal 2025, representing a new all-time high.
Agree Realty Corporation maintains positive profitability with a gross margin of 0.9%, operating margin of 0.5%, and net margin of 0.3%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including O ($1.06B net income, 0.2% margin), NNN ($390M net income, 0.4% margin), FCPT ($112M net income, 0.4% margin), ADC has outperformed on profitability metrics. Compare ADC vs O →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $197M | +4.1% | $340M | $1.77 | 27.4% | 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 ComparisonFrequently Asked Questions
Is ADC growing earnings?
ADC TTM EPS: $1.70. Net income: $190M. Earnings growth: -0.0%.
What are ADC's profit margins?
Agree Realty Corporation net margin is +0.3%, with operating margin at +0.5%. Below-average margins reflect competitive or cost pressures.
How consistent are ADC's earnings?
ADC earnings data spans 1994-2025. The current earnings trend is -0.0% YoY. Historical data enables comparison across business cycles.