Company / Operating Margin
Agree Realty Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
47.4%
FY2025
5-year range
47.3% / 56.1%
FY2021-FY2025
Trend
-3.3%
vs FY2024
Sector context
#20 of 70
Real Estate
What the data says
At 47.4%, Agree Realty's operating margin ranks #20 of 70 in the Real Estate sector. Operating Margin has fluctuated over the past 10 years, ranging from 47.3% in FY2023 to 61.0% in FY2019.
Based on SEC 10-K filings.
47.4% in FY2025 with a 5-year CAGR of -6.2%.
Remained stable around 47.4% over the past 2 years.
Real Estate sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -3.4pp
- 5-Year Change
- -6.2pp
- 10-Year Change
- -
Sector benchmark
#20 of 70 in Real EstateTop 29% of 70This company 47.4% Sector average 27.4%
▼
+72.9% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 3.3% year-over-year.
- Currently 20.0pp above the Real Estate sector average.
- Peak operating margin was recorded in FY2019.
- Lowest operating margin in the period was in FY2023.
Company context
Key Data Points
- Altman Z-Score 0.93 (distress zone, below 1.8 threshold)
- Strong profit margin: 30.7%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 47.4% | -3.3% |
| FY2024 | 49.0% | +3.5% |
| FY2023 | 47.3% | -6.7% |
| FY2022 | 50.7% | -9.5% |
| FY2021 | 56.1% | +4.7% |
| FY2020 | 53.6% | -12.2% |
| FY2019 | 61.0% | +14.6% |
| FY2018 | 53.2% | -5.7% |
| FY2017 | 56.5% | +0.0% |
| FY2016 | 56.4% | -1.6% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026