Agree Realty Corporation (ADC) vs Fermi Inc. Common Stock (FRMI)
A side-by-side comparison of Agree Realty Corporation and Fermi Inc. Common Stock across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
Total return — ADC vs FRMI
growth of $100 · dividends reinvested · last 1yADC vs FRMI: by the numbers
- •ADC is the larger company ($8.10B vs $3.10B market cap).
- •ADC is profitable (28.87% net margin) while FRMI runs a net loss (0.00%).
- •ADC pays a dividend (4.44% yield), while FRMI has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | ADC | FRMI |
|---|---|---|
| P/E ratio | 36.28 | N/A |
| Forward P/E | 35.53 | N/A |
| P/S ratio | 10.40 | N/A |
| P/B ratio | 1.24 | 3.01 |
| EV / EBITDA | 18.27 | N/A |
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.
For REITs like Fermi Inc. Common Stock, 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 | FRMI |
|---|---|---|
| Gross margin | 87.73% | 0.00% |
| Operating margin | 48.35% | 0.00% |
| Net margin | 28.87% | 0.00% |
| ROE | 3.45% | -67.32% |
| ROIC | 3.56% | -20.71% |
Dividends
| Metric | ADC | FRMI |
|---|---|---|
| Dividend yield | 4.44% | N/A |
| Payout ratio | 170.05% | N/A |
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.
Fermi Inc. Common Stock'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 | FRMI |
|---|---|---|
| Revenue CAGR (5Y) | 21.41% | N/A |
| EPS CAGR (5Y) | 0.11% | N/A |
| FCF CAGR (5Y) | 22.56% | N/A |
| Total return CAGR (5Y) | 4.69% | N/A |
Frequently asked
- Does ADC or FRMI pay a bigger dividend?
- ADC pays a dividend (4.44% yield), while FRMI has no payments in the available dividend history.
- Is ADC or FRMI more profitable?
- ADC runs the higher net margin — ADC at 28.87% versus FRMI at 0.00%.
Go deeper
Dig into the metrics
Agree Realty & Fermi Inc. Common Stock 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 13, 2026.