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Side-by-side financial comparison of AGREE REALTY CORP (ADC) and Ribbon Communications Inc. (RBBN). Click either name above to swap in a different company.
AGREE REALTY CORP is the larger business by last-quarter revenue ($200.8M vs $162.6M, roughly 1.2× Ribbon Communications Inc.). Ribbon Communications Inc. runs the higher net margin — 54.8% vs 31.0%, a 23.8% gap on every dollar of revenue. On growth, AGREE REALTY CORP posted the faster year-over-year revenue change (18.7% vs -10.3%). Over the past eight quarters, AGREE REALTY CORP's revenue compounded faster (14.7% CAGR vs -8.1%).
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.
Ribbon Communications Inc. is a public company that makes software, IP and optical networking solutions for service providers, enterprises and critical infrastructure sectors. The company was formed in 2017, following the merger of Genband and Sonus Networks and is headquartered in Plano, Texas.
ADC vs RBBN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $200.8M | $162.6M |
| Net Profit | $62.2M | $89.1M |
| Gross Margin | — | 42.9% |
| Operating Margin | 49.1% | 37.6% |
| Net Margin | 31.0% | 54.8% |
| Revenue YoY | 18.7% | -10.3% |
| Net Profit YoY | 32.0% | — |
| EPS (diluted) | $1.04 | $0.50 |
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.
| Q1 26 | $200.8M | $162.6M | ||
| Q4 25 | $190.5M | $227.3M | ||
| Q3 25 | $183.2M | $215.4M | ||
| Q2 25 | $175.5M | $220.6M | ||
| Q1 25 | $169.2M | $181.3M | ||
| Q4 24 | $160.7M | $251.4M | ||
| Q3 24 | $154.3M | $210.2M | ||
| Q2 24 | $152.6M | $192.6M |
| Q1 26 | $62.2M | $89.1M | ||
| Q4 25 | $56.0M | — | ||
| Q3 25 | $52.1M | $-12.1M | ||
| Q2 25 | $49.2M | $-11.1M | ||
| Q1 25 | $47.0M | $-26.2M | ||
| Q4 24 | $45.2M | — | ||
| Q3 24 | $44.4M | $-13.4M | ||
| Q2 24 | $54.7M | $-16.8M |
| Q1 26 | — | 42.9% | ||
| Q4 25 | — | 53.3% | ||
| Q3 25 | — | 50.1% | ||
| Q2 25 | — | 49.6% | ||
| Q1 25 | — | 45.4% | ||
| Q4 24 | — | 55.7% | ||
| Q3 24 | — | 52.1% | ||
| Q2 24 | — | 50.8% |
| Q1 26 | 49.1% | 37.6% | ||
| Q4 25 | 48.5% | 4.1% | ||
| Q3 25 | 47.6% | 1.3% | ||
| Q2 25 | 46.7% | 1.9% | ||
| Q1 25 | 46.5% | -10.8% | ||
| Q4 24 | 46.9% | 13.2% | ||
| Q3 24 | 48.2% | -0.4% | ||
| Q2 24 | 53.7% | -1.0% |
| Q1 26 | 31.0% | 54.8% | ||
| Q4 25 | 29.4% | — | ||
| Q3 25 | 28.4% | -5.6% | ||
| Q2 25 | 28.0% | -5.0% | ||
| Q1 25 | 27.8% | -14.5% | ||
| Q4 24 | 28.1% | — | ||
| Q3 24 | 28.8% | -6.4% | ||
| Q2 24 | 35.9% | -8.7% |
| Q1 26 | $1.04 | $0.50 | ||
| Q4 25 | $0.47 | $0.50 | ||
| Q3 25 | $0.45 | $-0.07 | ||
| Q2 25 | $0.43 | $-0.06 | ||
| Q1 25 | $0.42 | $-0.15 | ||
| Q4 24 | $0.41 | $0.05 | ||
| Q3 24 | $0.42 | $-0.08 | ||
| Q2 24 | $0.52 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $25.1M | $67.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.2B | $419.1M |
| Total Assets | $10.2B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $25.1M | $67.6M | ||
| Q4 25 | $16.3M | $96.4M | ||
| Q3 25 | $13.7M | $74.8M | ||
| Q2 25 | $5.8M | $60.5M | ||
| Q1 25 | $7.9M | $71.2M | ||
| Q4 24 | $6.4M | $87.8M | ||
| Q3 24 | $13.2M | $37.2M | ||
| Q2 24 | $9.6M | $64.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $342.1M | ||
| Q3 25 | — | $344.3M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $347.4M | ||
| Q4 24 | — | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M |
| Q1 26 | $6.2B | $419.1M | ||
| Q4 25 | $6.3B | $449.0M | ||
| Q3 25 | $5.9B | $360.1M | ||
| Q2 25 | $5.7B | $370.4M | ||
| Q1 25 | $5.6B | $381.8M | ||
| Q4 24 | $5.5B | $404.6M | ||
| Q3 24 | $5.3B | $395.5M | ||
| Q2 24 | $5.2B | $405.0M |
| Q1 26 | $10.2B | — | ||
| Q4 25 | $9.8B | $1.2B | ||
| Q3 25 | $9.5B | $1.1B | ||
| Q2 25 | $9.1B | $1.1B | ||
| Q1 25 | $8.8B | $1.1B | ||
| Q4 24 | $8.5B | $1.2B | ||
| Q3 24 | $8.2B | $1.1B | ||
| Q2 24 | $8.0B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.94× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | — | 0.86× | ||
| Q3 24 | — | 0.88× | ||
| Q2 24 | — | 0.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADC
Segment breakdown not available.
RBBN
| Service | $94.5M | 58% |
| Product | $68.1M | 42% |
