Agree Realty Corporation (ADC) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$67.61 +2.10% NYSE • Public Delayed / 60s Snapshot

Agree Realty Corporation (ADC) carries a Roarable Rating of C+ (Hold) with 69/100 RQD Confidence. The underlying business is intact, so current owners don’t need to panic-sell—but mixed big-money flow or rich pricing means new buyers can afford to wait for either a pullback or a B-or-higher upgrade.

ROARABLE C+ • HOLD / WATCH Cap $8.80B
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
RQD QUANT TACHOMETERHOLD / WATCH • C+
025507510069
2-of-3 JEV AI Jury Bullish
Cash
SEC
Whale
5-PILLAR SNOWFLAKE RADARRw C- · Rk A-
Cash (14)Whales (10)SEC (16)Macro (17)CEO (12)
Each axis scored 0–20
12M PRICE TARGET CONE+5% Base Target
$86 Bull$71 Base$55 Bear
🔴 SUNDAY NIGHT PREP • 7:00 PM ET
WHALE OPTIONS TUG-OF-WAR:58% Call Buyers ($2.6M)
42% PutsMax Pain: $66.00
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How ADC Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$471.8M (65.7% FCF Margin)
Revenue$718.4MGross Profit $316.1M (44%)Cost of Sales $402.3MOp Profit $316.1M (44%)OpEx (R&D/SG&A) $0Net Profit$204.3M (28.4%)Tax/Other $111.7M

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow
FY23
Rev $537.5M
FY24
Rev $617.1M
FY25
Rev $718.4M
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$718.4M44%47.4%$204.3M$471.8M3.4%
FY 2024$617.1M44%49%$189.2M-$442.5M3.5%
FY 2023$537.5M44%47.3%$170.0M$367.4M6.9%
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Red-Light Warning Desk: How Pros Profit When Overhyped Stocks Crack (Featuring ADC)

  • ✓Live walkthrough of ADC's RQD Radar, SEC cash-conversion gap & downside levels
  • ✓3 asymmetric Bear/Hedge setups institutions use when 10-year yields stay elevated
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RQD INSIDER CLUB UPGRADE$49/YEAR
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ADC // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -13.02%▲ RESISTANCE BREAKOUT
2026-10-30O $68.18H $68.32L $66.82C $67.07VOL 1.88M
RES: $65.87SUP: $63.18SMA50: $68.68SMA200: $74.52
$83.02$77.96$72.90$67.83$62.77RES $65.87SUP $63.18$67.072026-04-302026-06-152026-07-312026-09-162026-10-30
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

ADC Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)
32.3%/yr Implied 5Y Growth

vs. +16.4% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on ADC today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for ADC. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for ADC today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

ADC Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is Agree Realty Corporation (ADC)?

In FY 2025 (10-K), ADC converted $718.4M of revenue into a 44% gross margin, 44% operating margin, and $471.8M in free cash flow (65.7% FCF margin).