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Side-by-side financial comparison of AGREE REALTY CORP (ADC) and GRID DYNAMICS HOLDINGS, INC. (GDYN). Click either name above to swap in a different company.

AGREE REALTY CORP is the larger business by last-quarter revenue ($200.8M vs $104.1M, roughly 1.9× GRID DYNAMICS HOLDINGS, INC.). AGREE REALTY CORP runs the higher net margin — 31.0% vs -1.4%, a 32.4% gap on every dollar of revenue. On growth, AGREE REALTY CORP posted the faster year-over-year revenue change (18.7% vs 3.7%). Over the past eight quarters, AGREE REALTY CORP's revenue compounded faster (14.7% CAGR vs 12.0%).

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.

Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.

ADC vs GDYN — Head-to-Head

Bigger by revenue
ADC
ADC
1.9× larger
ADC
$200.8M
$104.1M
GDYN
Growing faster (revenue YoY)
ADC
ADC
+15.0% gap
ADC
18.7%
3.7%
GDYN
Higher net margin
ADC
ADC
32.4% more per $
ADC
31.0%
-1.4%
GDYN
Faster 2-yr revenue CAGR
ADC
ADC
Annualised
ADC
14.7%
12.0%
GDYN

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ADC
ADC
GDYN
GDYN
Revenue
$200.8M
$104.1M
Net Profit
$62.2M
$-1.5M
Gross Margin
34.8%
Operating Margin
49.1%
61.7%
Net Margin
31.0%
-1.4%
Revenue YoY
18.7%
3.7%
Net Profit YoY
32.0%
-150.6%
EPS (diluted)
$1.04
$-0.02

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
GDYN
GDYN
Q1 26
$200.8M
$104.1M
Q4 25
$190.5M
$106.2M
Q3 25
$183.2M
$104.2M
Q2 25
$175.5M
$101.1M
Q1 25
$169.2M
$100.4M
Q4 24
$160.7M
$100.3M
Q3 24
$154.3M
$87.4M
Q2 24
$152.6M
$83.0M
Net Profit
ADC
ADC
GDYN
GDYN
Q1 26
$62.2M
$-1.5M
Q4 25
$56.0M
$306.0K
Q3 25
$52.1M
$1.2M
Q2 25
$49.2M
$5.3M
Q1 25
$47.0M
$2.9M
Q4 24
$45.2M
$4.5M
Q3 24
$44.4M
$4.3M
Q2 24
$54.7M
$-817.0K
Gross Margin
ADC
ADC
GDYN
GDYN
Q1 26
34.8%
Q4 25
34.0%
Q3 25
33.3%
Q2 25
34.1%
Q1 25
36.8%
Q4 24
36.9%
Q3 24
37.4%
Q2 24
35.6%
Operating Margin
ADC
ADC
GDYN
GDYN
Q1 26
49.1%
61.7%
Q4 25
48.5%
0.5%
Q3 25
47.6%
-0.2%
Q2 25
46.7%
-0.1%
Q1 25
46.5%
-2.0%
Q4 24
46.9%
1.3%
Q3 24
48.2%
2.4%
Q2 24
53.7%
0.0%
Net Margin
ADC
ADC
GDYN
GDYN
Q1 26
31.0%
-1.4%
Q4 25
29.4%
0.3%
Q3 25
28.4%
1.1%
Q2 25
28.0%
5.2%
Q1 25
27.8%
2.9%
Q4 24
28.1%
4.5%
Q3 24
28.8%
4.9%
Q2 24
35.9%
-1.0%
EPS (diluted)
ADC
ADC
GDYN
GDYN
Q1 26
$1.04
$-0.02
Q4 25
$0.47
$0.01
Q3 25
$0.45
$0.01
Q2 25
$0.43
$0.06
Q1 25
$0.42
$0.03
Q4 24
$0.41
$0.06
Q3 24
$0.42
$0.05
Q2 24
$0.52
$-0.01

Balance Sheet & Financial Strength

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

Metric
ADC
ADC
GDYN
GDYN
Cash + ST InvestmentsLiquidity on hand
$25.1M
$327.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.2B
$530.1M
Total Assets
$10.2B
$605.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADC
ADC
GDYN
GDYN
Q1 26
$25.1M
$327.5M
Q4 25
$16.3M
$342.1M
Q3 25
$13.7M
$338.6M
Q2 25
$5.8M
$336.8M
Q1 25
$7.9M
$325.5M
Q4 24
$6.4M
$334.7M
Q3 24
$13.2M
$231.3M
Q2 24
$9.6M
$256.0M
Stockholders' Equity
ADC
ADC
GDYN
GDYN
Q1 26
$6.2B
$530.1M
Q4 25
$6.3B
$542.1M
Q3 25
$5.9B
$537.7M
Q2 25
$5.7B
$532.2M
Q1 25
$5.6B
$517.4M
Q4 24
$5.5B
$517.8M
Q3 24
$5.3B
$400.2M
Q2 24
$5.2B
$388.4M
Total Assets
ADC
ADC
GDYN
GDYN
Q1 26
$10.2B
$605.0M
Q4 25
$9.8B
$612.9M
Q3 25
$9.5B
$613.2M
Q2 25
$9.1B
$608.9M
Q1 25
$8.8B
$590.9M
Q4 24
$8.5B
$592.2M
Q3 24
$8.2B
$477.3M
Q2 24
$8.0B
$443.6M

Financial Flow Comparison

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

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