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Operating Margin for Agree Realty (ADC)

As of · Reported

Metric
Profitability

TTM

48.0%

YoY change

−1.60pp

Trough year (2010)

32.1%

Peak year (1994)

136.8%

Operating Margin history chart for Agree Realty (ADC) from 1994 to 2025

Latest: 47.4%

Operating Margin change chart for Agree Realty (ADC) from 1994 to 2025

Latest: −1.60pp

Operating Margin history table for Agree Realty (ADC) from 1994 to 2025

  • 202547.4%-1.60pp
  • 202449.0%+1.65pp
  • 202347.3%-3.41pp
  • 202250.7%-5.33pp
  • 202156.1%+2.51pp
  • 202053.6%-7.46pp
  • 201961.0%+7.78pp
  • 201853.2%-3.22pp
  • 201756.5%+0.01pp
  • 201656.4%-0.89pp
  • 201557.3%+5.26pp
  • 201452.1%-6.34pp
  • 201358.4%+2.46pp
  • 201256.0%+5.29pp
  • 201150.7%+18.56pp
  • 201032.1%-27.75pp
  • 200959.9%-0.33pp
  • 200860.2%+0.20pp
  • 200760.0%-0.23pp
  • 200660.2%+2.58pp
  • 200557.7%-3.24pp
  • 200460.9%+3.73pp
  • 200357.2%-10.58pp
  • 200267.7%-0.31pp
  • 200168.1%+2.85pp
  • 200065.2%+3.30pp
  • 199961.9%-0.62pp
  • 199862.5%-0.30pp
  • 199762.8%+0.95pp
  • 199661.9%-71.45pp
  • 1995133.3%-3.51pp
  • 1994136.8%—

Operating Margin values are taken from Agree Realty's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Margin at Agree Realty (ADC)

According to Agree Realty's latest reported financial statements, the company's latest reported operating margin is 48.0%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

2025's annual operating margin for Agree Realty (ADC) came in at 47.38% – contracted 1.6 percentage points year-over-year.

The record annual operating margin stands at 136.84%, reached in 1994; the historical low of 32.11% was recorded in 2010.

Agree Realty Operating Margin by Year

Agree Realty Operating Margin 2025: 47.4%

Agree Realty posted operating margin of 47.38% in 2025, contracted 1.6 percentage points from 2024.

Agree Realty Operating Margin 2024: 49.0%

In 2024, Agree Realty reported operating margin of 48.98%, expanded 1.7 percentage points from 2023.

Agree Realty Operating Margin 2023: 47.3%

Agree Realty operating margin in 2023 was 47.33%, contracted 3.4 percentage points from 2022.

Agree Realty Operating Margin 2022: 50.7%

2022's operating margin for Agree Realty came in at 50.74%, contracted 5.3 percentage points from 2021.

Agree Realty Operating Margin 2021: 56.1%

Agree Realty operating margin in 2021 was 56.07%.

See more financial history for Agree Realty (ADC).

Sector peers by Operating Margin

Real Estate peers of Agree Realty (ADC), ranked by their latest operating margin

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