Agree Realty Corporation (ADC) vs Tradeweb Markets Inc. (TW)
A side-by-side comparison of Agree Realty Corporation and Tradeweb Markets Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 2, 2026. Differences are shown without an overall score or investment verdict.
Total return — ADC vs TW
growth of $100 · dividends reinvested · last 7yADC vs TW: by the numbers
- •TW is the larger company ($21.99B vs $7.81B market cap).
- •TW converts more revenue to profit (40.66% vs 28.87% net margin).
- •ADC grew revenue faster over the past five years (21.41% vs 17.62% CAGR).
- •ADC pays the higher dividend yield (4.88% vs 0.52%).
Metrics side by side
Valuation
| Metric | ADC | TW |
|---|---|---|
| P/E ratio | 34.96 | 24.71 |
| Forward P/E | 34.24 | 25.70 |
| PEG ratio | 102.83 | 0.73 |
| P/S ratio | 10.02 | 9.97 |
| P/B ratio | 1.20 | 3.31 |
| EV / EBITDA | 17.82 | 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.
Profitability
| Metric | ADC | TW |
|---|---|---|
| Gross margin | 87.73% | 68.14% |
| Operating margin | 48.35% | 44.13% |
| Net margin | 28.87% | 40.66% |
| ROE | 3.45% | 13.52% |
| ROIC | 3.56% | N/A |
Dividends
| Metric | ADC | TW |
|---|---|---|
| Dividend yield | 4.88% | 0.52% |
| Payout ratio | 170.65% | 12.92% |
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 | TW |
|---|---|---|
| Revenue CAGR (5Y) | 21.41% | 17.62% |
| EPS CAGR (5Y) | 0.11% | 32.88% |
| Total return CAGR (5Y) | 3.76% | 5.18% |
Frequently asked
- Which has grown faster, ADC or TW?
- Over the past five years, ADC grew revenue faster — ADC at a 21.41% CAGR versus TW at 17.62%.
- Does ADC or TW pay a bigger dividend?
- ADC yields 4.88% and TW yields 0.52% based on trailing dividends and the latest price.
- Is ADC or TW more profitable?
- TW runs the higher net margin — ADC at 28.87% versus TW at 40.66%.
- How have ADC and TW total returns compared?
- Over the past 5 years, ADC delivered 3.76% and TW delivered 5.18% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Agree Realty & Tradeweb Markets 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 October 2, 2026.