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Agree Realty (ADC) Ratios
Agree Realty Ratios
ADC's free cash flow for Q3 2026 was $136.52M. For the 2026 fiscal year, ADC's free cash flow was decreased by $-48.08M and operating cash flow was $184.60M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.83 | 0.78 | 0.80 | 0.89 | 1.20 |
| Quick Ratio | 0.83 | 0.78 | 0.80 | 0.89 | 1.20 |
| Cash Ratio | 0.09 | 0.04 | 0.09 | 0.26 | 0.50 |
| Solvency Ratio | 0.14 | 0.14 | 0.15 | 0.15 | 0.13 |
| Operating Cash Flow Ratio | 2.94 | 3.00 | 3.09 | 3.41 | 2.83 |
| Short-Term Operating Cash Flow Coverage | 0.00 | 0.00 | 0.00 | 0.00 | 1.54 |
| Net Current Asset Value | $ -3.38B | $ -2.86B | $ -2.47B | $ -1.99B | $ -1.70B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.34 | 0.33 | 0.31 | 0.29 | 0.36 |
| Debt-to-Equity Ratio | 0.53 | 0.51 | 0.47 | 0.43 | 0.55 |
| Debt-to-Capital Ratio | 0.35 | 0.34 | 0.32 | 0.30 | 0.35 |
| Long-Term Debt-to-Capital Ratio | 0.34 | 0.34 | 0.32 | 0.30 | 0.33 |
| Financial Leverage Ratio | 1.56 | 1.54 | 1.50 | 1.45 | 1.53 |
| Debt Service Coverage Ratio | 4.57 | 4.95 | 5.68 | 6.04 | 1.39 |
| Interest Coverage Ratio | 2.53 | 2.78 | 3.14 | 3.44 | 3.78 |
| Debt to Market Cap | 0.41 | 0.39 | 0.40 | 0.35 | 0.39 |
| Interest Debt Per Share | 31.52 | 29.09 | 26.57 | 25.94 | 28.91 |
| Net Debt to EBITDA | 5.41 | 5.20 | 5.25 | 5.05 | 6.21 |
| Profitability Margins | |||||
| Gross Profit Margin | 87.73% | 87.87% | 87.59% | 87.84% | 87.90% |
| EBIT Margin | 47.51% | 49.11% | 47.36% | 51.03% | 51.77% |
| EBITDA Margin | 85.89% | 88.04% | 86.32% | 89.86% | 87.13% |
| Operating Profit Margin | 47.38% | 48.98% | 47.33% | 50.74% | 56.07% |
| Pretax Profit Margin | 28.78% | 31.46% | 32.27% | 36.27% | 36.92% |
| Net Profit Margin | 28.45% | 30.66% | 31.62% | 35.47% | 36.03% |
| Continuous Operations Profit Margin | 28.53% | 30.76% | 31.73% | 35.60% | 36.21% |
| Net Income Per EBT | 98.85% | 97.45% | 97.98% | 97.78% | 97.60% |
| EBT Per EBIT | 60.73% | 64.23% | 68.19% | 71.48% | 65.84% |
| Return on Assets (ROA) | 2.09% | 2.23% | 2.19% | 2.27% | 2.34% |
| Return on Equity (ROE) | 3.26% | 3.43% | 3.27% | 3.29% | 3.58% |
| Return on Capital Employed (ROCE) | 3.54% | 3.62% | 3.33% | 3.30% | 3.70% |
| Return on Invested Capital (ROIC) | 3.51% | 3.54% | 3.27% | 3.24% | 3.52% |
| Return on Tangible Assets | 2.32% | 2.48% | 2.46% | 2.58% | 2.68% |
| Earnings Yield | 2.56% | 2.66% | 2.84% | 2.73% | 2.56% |
| Efficiency Ratios | |||||
| Receivables Turnover | 5.87 | 5.80 | 6.48 | 6.53 | 6.35 |
| Payables Turnover | 0.63 | 0.64 | 0.66 | 0.62 | 0.59 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Asset Turnover | 0.07 | 0.07 | 0.07 | 0.06 | 0.06 |
| Working Capital Turnover Ratio | -24.05 | -21.61 | -28.95 | 139.44 | -16.36 |
| Cash Conversion Cycle | -514.94 | -504.06 | -498.42 | -528.59 | -564.80 |
| Days of Sales Outstanding | 62.23 | 62.94 | 56.33 | 55.91 | 57.49 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 577.16 | 567.00 | 554.75 | 584.51 | 622.29 |
| Operating Cycle | 62.23 | 62.94 | 56.33 | 55.91 | 57.49 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 4.55 | 4.27 | 4.11 | 4.60 | 3.69 |
| Free Cash Flow Per Share | 4.55 | 4.27 | 4.11 | 4.60 | 3.69 |
| Dividend Paid and CapEx Coverage Ratio | 1.45 | 1.39 | 1.37 | 1.59 | 1.26 |
| Capital Expenditure Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Cash Flow Coverage Ratio | 0.15 | 0.15 | 0.16 | 0.18 | 0.13 |
| Operating Cash Flow to Sales Ratio | 0.70 | 0.70 | 0.73 | 0.84 | 0.73 |
| Free Cash Flow Yield | 6.32% | 6.06% | 6.54% | 6.49% | 5.17% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 40.69 | 39.36 | 35.26 | 36.60 | 38.99 |
| Price-to-Sales (P/S) Ratio | 11.10 | 11.54 | 11.15 | 12.98 | 14.05 |
| Price-to-Book (P/B) Ratio | 1.27 | 1.29 | 1.15 | 1.21 | 1.39 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 15.82 | 16.49 | 15.30 | 15.41 | 19.35 |
| Price-to-Operating Cash Flow Ratio | 15.82 | 16.49 | 15.30 | 15.41 | 19.35 |
| Price-to-Earnings Growth (PEG) Ratio | -36.42 | 7.43 | -4.63 | 13.10 | 22.87 |
| Enterprise Value Multiple | 18.34 | 18.31 | 18.17 | 19.49 | 22.34 |
| Enterprise Value | 11.31B | 9.95B | 8.43B | 7.53B | 6.60B |
| EV to EBITDA | 18.34 | 18.31 | 18.17 | 19.49 | 22.34 |
| EV to Sales | 15.75 | 16.12 | 15.68 | 17.52 | 19.46 |
| EV to Free Cash Flow | 22.44 | 23.03 | 21.52 | 20.79 | 26.81 |
| EV to Operating Cash Flow | 22.44 | 23.03 | 21.52 | 20.79 | 26.81 |
| Tangible Book Value Per Share | 47.60 | 45.95 | 45.66 | 48.70 | 41.13 |
| Shareholders’ Equity Per Share | 56.64 | 54.50 | 54.62 | 58.85 | 51.16 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 |
| Revenue Per Share | 6.49 | 6.10 | 5.65 | 5.46 | 5.08 |
| Net Income Per Share | 1.85 | 1.87 | 1.79 | 1.94 | 1.83 |
| Tax Burden | 0.99 | 0.97 | 0.98 | 0.98 | 0.98 |
| Interest Burden | 0.61 | 0.64 | 0.68 | 0.71 | 0.71 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.06 | 0.06 | 0.06 | 0.07 | 0.08 |
| Stock-Based Compensation to Revenue | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Income Quality | 2.46 | 2.28 | 2.30 | 2.37 | 2.00 |
Currency in USD