Agree Realty Corporation (ADC) vs Cloudflare, Inc. (NET)
A side-by-side comparison of Agree Realty Corporation and Cloudflare, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 14, 2026. Differences are shown without an overall score or investment verdict.
Total return — ADC vs NET
growth of $100 · dividends reinvested · last 7yADC vs NET: by the numbers
- •NET is the larger company ($112.04B vs $8.98B market cap).
- •ADC is profitable (28.87% net margin) while NET runs a net loss (-8.21%).
- •NET grew revenue faster over the past five years (36.49% vs 21.41% CAGR).
- •ADC pays a dividend (4.20% yield), while NET has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | ADC | NET |
|---|---|---|
| P/E ratio | 40.38 | N/A |
| Forward P/E | 38.72 | 276.28 |
| P/S ratio | 11.61 | 46.66 |
| P/B ratio | 1.39 | 72.36 |
| EV / EBITDA | 19.71 | N/A |
| FCF yield | 5.90% | 0.39% |
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 | NET |
|---|---|---|
| Gross margin | 87.73% | 72.58% |
| Operating margin | 48.35% | -14.11% |
| Net margin | 28.87% | -8.21% |
| ROE | 3.45% | -12.73% |
| ROIC | 3.61% | -4.10% |
Dividends
| Metric | ADC | NET |
|---|---|---|
| Dividend yield | 4.20% | N/A |
| Payout ratio | 178.08% | 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.
Growth (annualized)
| Metric | ADC | NET |
|---|---|---|
| Revenue CAGR (5Y) | 21.41% | 36.49% |
| EPS CAGR (5Y) | 0.11% | N/A |
| FCF CAGR (5Y) | 22.56% | N/A |
| Total return CAGR (5Y) | 4.57% | 22.13% |
Frequently asked
- Which has grown faster, ADC or NET?
- Over the past five years, NET grew revenue faster — ADC at a 21.41% CAGR versus NET at 36.49%.
- Does ADC or NET pay a bigger dividend?
- ADC pays a dividend (4.20% yield), while NET has no payments in the available dividend history.
- Is ADC or NET more profitable?
- ADC runs the higher net margin — ADC at 28.87% versus NET at -8.21%.
- How have ADC and NET total returns compared?
- Over the past 5 years, ADC delivered 8.84% and NET delivered 22.13% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Agree Realty & Cloudflare 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 August 14, 2026.