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 September 13, 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 ($125.72B vs $8.08B 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 (4.44% yield), while NET has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | ADC | NET |
|---|---|---|
| P/E ratio | 36.18 | N/A |
| Forward P/E | 35.44 | 280.80 |
| P/S ratio | 10.37 | 50.04 |
| P/B ratio | 1.24 | 77.61 |
| EV / EBITDA | 18.24 | N/A |
| FCF yield | N/A | 0.30% |
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 | 3.56% | -6.90% |
Dividends
| Metric | ADC | NET |
|---|---|---|
| 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.
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) | 4.69% | 19.17% |
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 (4.44% 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 4.69% and NET delivered 19.17% 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 September 13, 2026.