Agree Realty Corporation (ADC) vs Booking Holdings Inc. (BKNG)
A side-by-side comparison of Agree Realty Corporation and Booking Holdings Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 10, 2026. Differences are shown without an overall score or investment verdict.
Total return — ADC vs BKNG
growth of $100 · dividends reinvested · last 10yADC vs BKNG: by the numbers
- •BKNG is the larger company ($134.77B vs $8.55B market cap).
- •ADC converts more revenue to profit (28.87% vs 25.53% net margin).
- •BKNG grew revenue faster over the past five years (31.52% vs 21.41% CAGR).
- •ADC pays the higher dividend yield (4.42% vs 0.92%).
Metrics side by side
Valuation
| Metric | ADC | BKNG |
|---|---|---|
| P/E ratio | 38.30 | 19.29 |
| Forward P/E | 37.43 | 16.64 |
| P/S ratio | 10.97 | 4.77 |
| P/B ratio | 1.31 | N/A |
| EV / EBITDA | 18.96 | 13.30 |
| FCF yield | N/A | 7.08% |
For REITs like Agree Realty Corporation, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | ADC | BKNG |
|---|---|---|
| Gross margin | 87.73% | 100.00% |
| Operating margin | 48.35% | 34.49% |
| Net margin | 28.87% | 25.53% |
| ROE | 3.45% | N/A |
| ROIC | 3.56% | 71.23% |
Dividends
| Metric | ADC | BKNG |
|---|---|---|
| Dividend yield | 4.42% | 0.92% |
| Payout ratio | 170.05% | 17.83% |
Agree Realty Corporation's payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | ADC | BKNG |
|---|---|---|
| Revenue CAGR (5Y) | 21.41% | 31.52% |
| EPS CAGR (5Y) | 0.11% | 158.62% |
| FCF CAGR (5Y) | 22.56% | 56.15% |
| Total return CAGR (5Y) | 4.77% | 14.07% |
Frequently asked
- Which has grown faster, ADC or BKNG?
- Over the past five years, BKNG grew revenue faster — ADC at a 21.41% CAGR versus BKNG at 31.52%.
- Does ADC or BKNG pay a bigger dividend?
- ADC yields 4.42% and BKNG yields 0.92% based on trailing dividends and the latest price.
- Is ADC or BKNG more profitable?
- ADC runs the higher net margin — ADC at 28.87% versus BKNG at 25.53%.
- How have ADC and BKNG total returns compared?
- Over the past 10 years, ADC delivered 8.66% and BKNG delivered 12.15% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Agree Realty & Booking appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 10, 2026.