vs

Side-by-side financial comparison of AGREE REALTY CORP (ADC) and PREFORMED LINE PRODUCTS CO (PLPC). Click either name above to swap in a different company.

AGREE REALTY CORP is the larger business by last-quarter revenue ($200.8M vs $173.1M, roughly 1.2× PREFORMED LINE PRODUCTS CO). AGREE REALTY CORP runs the higher net margin — 31.0% vs 4.9%, a 26.1% gap on every dollar of revenue. On growth, AGREE REALTY CORP posted the faster year-over-year revenue change (18.7% vs 3.6%). Over the past eight quarters, AGREE REALTY CORP's revenue compounded faster (14.7% CAGR vs 10.8%).

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.

Preformed Line Products Co (PLPC) designs, manufactures and supplies engineered hardware for power transmission, telecommunications, and renewable energy infrastructure sectors. It serves utility, network operator and industrial customers across global regions, offering solutions that boost network reliability and operational efficiency.

ADC vs PLPC — Head-to-Head

Bigger by revenue
ADC
ADC
1.2× larger
ADC
$200.8M
$173.1M
PLPC
Growing faster (revenue YoY)
ADC
ADC
+15.1% gap
ADC
18.7%
3.6%
PLPC
Higher net margin
ADC
ADC
26.1% more per $
ADC
31.0%
4.9%
PLPC
Faster 2-yr revenue CAGR
ADC
ADC
Annualised
ADC
14.7%
10.8%
PLPC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ADC
ADC
PLPC
PLPC
Revenue
$200.8M
$173.1M
Net Profit
$62.2M
$8.4M
Gross Margin
29.8%
Operating Margin
49.1%
6.8%
Net Margin
31.0%
4.9%
Revenue YoY
18.7%
3.6%
Net Profit YoY
32.0%
-19.3%
EPS (diluted)
$1.04
$1.72

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
PLPC
PLPC
Q1 26
$200.8M
Q4 25
$190.5M
$173.1M
Q3 25
$183.2M
$178.1M
Q2 25
$175.5M
$169.6M
Q1 25
$169.2M
$148.5M
Q4 24
$160.7M
$167.1M
Q3 24
$154.3M
$147.0M
Q2 24
$152.6M
$138.7M
Net Profit
ADC
ADC
PLPC
PLPC
Q1 26
$62.2M
Q4 25
$56.0M
$8.4M
Q3 25
$52.1M
$2.6M
Q2 25
$49.2M
$12.7M
Q1 25
$47.0M
$11.5M
Q4 24
$45.2M
$10.5M
Q3 24
$44.4M
$7.7M
Q2 24
$54.7M
$9.4M
Gross Margin
ADC
ADC
PLPC
PLPC
Q1 26
Q4 25
29.8%
Q3 25
29.7%
Q2 25
32.7%
Q1 25
32.8%
Q4 24
33.3%
Q3 24
31.1%
Q2 24
31.9%
Operating Margin
ADC
ADC
PLPC
PLPC
Q1 26
49.1%
Q4 25
48.5%
6.8%
Q3 25
47.6%
7.4%
Q2 25
46.7%
10.1%
Q1 25
46.5%
8.8%
Q4 24
46.9%
10.5%
Q3 24
48.2%
7.1%
Q2 24
53.7%
8.1%
Net Margin
ADC
ADC
PLPC
PLPC
Q1 26
31.0%
Q4 25
29.4%
4.9%
Q3 25
28.4%
1.5%
Q2 25
28.0%
7.5%
Q1 25
27.8%
7.8%
Q4 24
28.1%
6.3%
Q3 24
28.8%
5.2%
Q2 24
35.9%
6.8%
EPS (diluted)
ADC
ADC
PLPC
PLPC
Q1 26
$1.04
Q4 25
$0.47
$1.72
Q3 25
$0.45
$0.53
Q2 25
$0.43
$2.56
Q1 25
$0.42
$2.33
Q4 24
$0.41
$2.13
Q3 24
$0.42
$1.54
Q2 24
$0.52
$1.89

Balance Sheet & Financial Strength

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

Metric
ADC
ADC
PLPC
PLPC
Cash + ST InvestmentsLiquidity on hand
$25.1M
Total DebtLower is stronger
$38.3M
Stockholders' EquityBook value
$6.2B
$475.5M
Total Assets
$10.2B
$653.6M
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADC
ADC
PLPC
PLPC
Q1 26
$25.1M
Q4 25
$16.3M
Q3 25
$13.7M
Q2 25
$5.8M
Q1 25
$7.9M
Q4 24
$6.4M
Q3 24
$13.2M
Q2 24
$9.6M
Total Debt
ADC
ADC
PLPC
PLPC
Q1 26
Q4 25
$38.3M
Q3 25
$36.0M
Q2 25
$31.8M
Q1 25
$29.1M
Q4 24
$20.8M
Q3 24
$27.2M
Q2 24
$31.6M
Stockholders' Equity
ADC
ADC
PLPC
PLPC
Q1 26
$6.2B
Q4 25
$6.3B
$475.5M
Q3 25
$5.9B
$466.3M
Q2 25
$5.7B
$460.7M
Q1 25
$5.6B
$435.8M
Q4 24
$5.5B
$422.3M
Q3 24
$5.3B
$429.0M
Q2 24
$5.2B
$416.2M
Total Assets
ADC
ADC
PLPC
PLPC
Q1 26
$10.2B
Q4 25
$9.8B
$653.6M
Q3 25
$9.5B
$644.6M
Q2 25
$9.1B
$631.5M
Q1 25
$8.8B
$592.5M
Q4 24
$8.5B
$573.9M
Q3 24
$8.2B
$592.0M
Q2 24
$8.0B
$572.6M
Debt / Equity
ADC
ADC
PLPC
PLPC
Q1 26
Q4 25
0.08×
Q3 25
0.08×
Q2 25
0.07×
Q1 25
0.07×
Q4 24
0.05×
Q3 24
0.06×
Q2 24
0.08×

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
PLPC
PLPC
Operating Cash FlowLast quarter
$21.9M
Free Cash FlowOCF − Capex
$11.8M
FCF MarginFCF / Revenue
6.8%
Capex IntensityCapex / Revenue
5.9%
Cash ConversionOCF / Net Profit
2.60×
TTM Free Cash FlowTrailing 4 quarters
$33.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADC
ADC
PLPC
PLPC
Q1 26
Q4 25
$504.1M
$21.9M
Q3 25
$146.5M
$18.9M
Q2 25
$119.6M
$26.9M
Q1 25
$126.7M
$5.7M
Q4 24
$432.0M
$24.1M
Q3 24
$128.6M
$9.4M
Q2 24
$112.8M
$28.3M
Free Cash Flow
ADC
ADC
PLPC
PLPC
Q1 26
Q4 25
$11.8M
Q3 25
$8.3M
Q2 25
$18.6M
Q1 25
$-5.3M
Q4 24
$89.4M
$20.6M
Q3 24
$-87.4M
$5.8M
Q2 24
$-74.8M
$24.6M
FCF Margin
ADC
ADC
PLPC
PLPC
Q1 26
Q4 25
6.8%
Q3 25
4.7%
Q2 25
10.9%
Q1 25
-3.6%
Q4 24
55.6%
12.3%
Q3 24
-56.6%
3.9%
Q2 24
-49.0%
17.7%
Capex Intensity
ADC
ADC
PLPC
PLPC
Q1 26
Q4 25
5.9%
Q3 25
6.0%
Q2 25
4.9%
Q1 25
7.4%
Q4 24
213.1%
2.1%
Q3 24
140.0%
2.4%
Q2 24
123.0%
2.7%
Cash Conversion
ADC
ADC
PLPC
PLPC
Q1 26
Q4 25
9.00×
2.60×
Q3 25
2.81×
7.21×
Q2 25
2.43×
2.12×
Q1 25
2.70×
0.49×
Q4 24
9.55×
2.30×
Q3 24
2.90×
1.22×
Q2 24
2.06×
3.02×

Financial Flow Comparison

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

Related Comparisons