How Agree Realty (ADC) Makes Money: A Visual Guide

Agree Realty (ADC) generated $718.40M in revenue (TTM through Q4 2025), earning $204.35M in net profit (28.4% margin). Below is an interactive breakdown of how revenue flows through the income statement.

Agree Realty (ADC) Income Statement Flow

Frequently asked questions

How much revenue does Agree Realty (ADC) generate?

Agree Realty (ADC) generated $718.40M in total revenue for TTM through Q4 2025 with a net profit margin of 28.4%.

What is Agree Realty (ADC) gross profit margin?

Agree Realty (ADC) reported a gross profit margin of 87.7% for TTM through Q4 2025, equivalent to $630.25M in gross profit. This means Agree Realty retains 87.7% of each revenue unit after direct costs of production.

What is Agree Realty (ADC) operating profit margin?

Agree Realty (ADC) reported an operating profit margin of 47.4% for TTM through Q4 2025, equivalent to $340.39M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Agree Realty (ADC) net profit margin?

Agree Realty (ADC) reported a net profit margin of 28.4% for TTM through Q4 2025, equivalent to $204.35M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

What is Agree Realty (ADC) free cash flow?

Agree Realty (ADC) generated $504.14M in free cash flow for TTM through Q4 2025 (70.2% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Agree Realty (ADC) effective tax rate?

Agree Realty (ADC) had an effective tax rate of 0.8% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?

A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.

How is the data calculated?

We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.

When was this data last updated?

Based on company filings through TTM through Q4 2025.