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Side-by-side financial comparison of AGREE REALTY CORP (ADC) and Ascendis Pharma A/S (ASND). Click either name above to swap in a different company.

Ascendis Pharma A/S is the larger business by last-quarter revenue ($267.3M vs $200.8M, roughly 1.3× AGREE REALTY CORP). On growth, Ascendis Pharma A/S posted the faster year-over-year revenue change (42.3% vs 18.7%). Over the past eight quarters, Ascendis Pharma A/S's revenue compounded faster (60.7% CAGR vs 14.7%).

Duke Realty was a real estate investment trust (REIT) based in Indianapolis, Indiana, that invested in industrial properties. As of December 31, 2021, it owned or jointly controlled 548 primarily industrial properties containing 162.7 million rentable square feet. In October 2022, it was acquired by Prologis.

Growth hormone therapy refers to the use of growth hormone (GH) as a prescription medication—it is one form of hormone therapy. Growth hormone is a peptide hormone secreted by the pituitary gland that stimulates growth and cell reproduction. In the past, growth hormone was extracted from human pituitary glands. Growth hormone is now produced by recombinant DNA technology and is prescribed for a variety of reasons. GH therapy has been a focus of social and ethical controversies for 50 years.

ADC vs ASND — Head-to-Head

Bigger by revenue
ASND
ASND
1.3× larger
ASND
$267.3M
$200.8M
ADC
Growing faster (revenue YoY)
ASND
ASND
+23.6% gap
ASND
42.3%
18.7%
ADC
Faster 2-yr revenue CAGR
ASND
ASND
Annualised
ASND
60.7%
14.7%
ADC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ADC
ADC
ASND
ASND
Revenue
$200.8M
$267.3M
Net Profit
$62.2M
Gross Margin
90.5%
Operating Margin
49.1%
Net Margin
31.0%
Revenue YoY
18.7%
42.3%
Net Profit YoY
32.0%
EPS (diluted)
$1.04

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ADC
ADC
ASND
ASND
Q1 26
$200.8M
Q4 25
$190.5M
$267.3M
Q3 25
$183.2M
$230.7M
Q2 25
$175.5M
$170.7M
Q1 25
$169.2M
$109.0M
Q4 24
$160.7M
$187.8M
Q3 24
$154.3M
$62.5M
Q2 24
$152.6M
$38.9M
Net Profit
ADC
ADC
ASND
ASND
Q1 26
$62.2M
Q4 25
$56.0M
Q3 25
$52.1M
$-65.9M
Q2 25
$49.2M
$-42.0M
Q1 25
$47.0M
$-102.2M
Q4 24
$45.2M
Q3 24
$44.4M
$-107.1M
Q2 24
$54.7M
$-118.1M
Gross Margin
ADC
ADC
ASND
ASND
Q1 26
Q4 25
90.5%
Q3 25
89.5%
Q2 25
80.1%
Q1 25
82.6%
Q4 24
91.9%
Q3 24
80.6%
Q2 24
68.2%
Operating Margin
ADC
ADC
ASND
ASND
Q1 26
49.1%
Q4 25
48.5%
Q3 25
47.6%
5.1%
Q2 25
46.7%
-33.5%
Q1 25
46.5%
-103.2%
Q4 24
46.9%
Q3 24
48.2%
-167.3%
Q2 24
53.7%
-370.2%
Net Margin
ADC
ADC
ASND
ASND
Q1 26
31.0%
Q4 25
29.4%
Q3 25
28.4%
-28.5%
Q2 25
28.0%
-24.6%
Q1 25
27.8%
-93.7%
Q4 24
28.1%
Q3 24
28.8%
-171.5%
Q2 24
35.9%
-303.9%
EPS (diluted)
ADC
ADC
ASND
ASND
Q1 26
$1.04
Q4 25
$0.47
Q3 25
$0.45
Q2 25
$0.43
Q1 25
$0.42
Q4 24
$0.41
Q3 24
$0.42
Q2 24
$0.52

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ADC
ADC
ASND
ASND
Cash + ST InvestmentsLiquidity on hand
$25.1M
$665.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.2B
$-175.8M
Total Assets
$10.2B
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADC
ADC
ASND
ASND
Q1 26
$25.1M
Q4 25
$16.3M
$665.3M
Q3 25
$13.7M
$582.2M
Q2 25
$5.8M
$533.6M
Q1 25
$7.9M
$559.4M
Q4 24
$6.4M
$604.3M
Q3 24
$13.2M
$675.6M
Q2 24
$9.6M
$279.4M
Stockholders' Equity
ADC
ADC
ASND
ASND
Q1 26
$6.2B
Q4 25
$6.3B
$-175.8M
Q3 25
$5.9B
$-188.0M
Q2 25
$5.7B
$-202.6M
Q1 25
$5.6B
$-205.0M
Q4 24
$5.5B
$-114.2M
Q3 24
$5.3B
$-105.1M
Q2 24
$5.2B
$-346.8M
Total Assets
ADC
ADC
ASND
ASND
Q1 26
$10.2B
Q4 25
$9.8B
$1.4B
Q3 25
$9.5B
$1.2B
Q2 25
$9.1B
$1.2B
Q1 25
$8.8B
$1.1B
Q4 24
$8.5B
$1.3B
Q3 24
$8.2B
$1.2B
Q2 24
$8.0B
$819.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ADC
ADC
ASND
ASND
Operating Cash FlowLast quarter
$58.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADC
ADC
ASND
ASND
Q1 26
Q4 25
$504.1M
$58.2M
Q3 25
$146.5M
Q2 25
$119.6M
Q1 25
$126.7M
$-15.5M
Q4 24
$432.0M
$-330.7M
Q3 24
$128.6M
Q2 24
$112.8M
Free Cash Flow
ADC
ADC
ASND
ASND
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$89.4M
Q3 24
$-87.4M
Q2 24
$-74.8M
FCF Margin
ADC
ADC
ASND
ASND
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
55.6%
Q3 24
-56.6%
Q2 24
-49.0%
Capex Intensity
ADC
ADC
ASND
ASND
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
213.1%
Q3 24
140.0%
Q2 24
123.0%
Cash Conversion
ADC
ADC
ASND
ASND
Q1 26
Q4 25
9.00×
Q3 25
2.81×
Q2 25
2.43×
Q1 25
2.70×
Q4 24
9.55×
Q3 24
2.90×
Q2 24
2.06×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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