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Side-by-side financial comparison of AGREE REALTY CORP (ADC) and EXPRO GROUP HOLDINGS N.V. (XPRO). Click either name above to swap in a different company.

EXPRO GROUP HOLDINGS N.V. is the larger business by last-quarter revenue ($367.6M vs $200.8M, roughly 1.8× AGREE REALTY CORP). On growth, AGREE REALTY CORP posted the faster year-over-year revenue change (18.7% vs -6.0%). Over the past eight quarters, AGREE REALTY CORP's revenue compounded faster (14.7% CAGR vs -11.5%).

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.

Expro is an energy services provider headquartered in Houston, Texas, United States.

ADC vs XPRO — Head-to-Head

Bigger by revenue
XPRO
XPRO
1.8× larger
XPRO
$367.6M
$200.8M
ADC
Growing faster (revenue YoY)
ADC
ADC
+24.7% gap
ADC
18.7%
-6.0%
XPRO
Faster 2-yr revenue CAGR
ADC
ADC
Annualised
ADC
14.7%
-11.5%
XPRO

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ADC
ADC
XPRO
XPRO
Revenue
$200.8M
$367.6M
Net Profit
$62.2M
Gross Margin
6.7%
Operating Margin
49.1%
0.0%
Net Margin
31.0%
Revenue YoY
18.7%
-6.0%
Net Profit YoY
32.0%
EPS (diluted)
$1.04
$0.05

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
XPRO
XPRO
Q1 26
$200.8M
$367.6M
Q4 25
$190.5M
$382.1M
Q3 25
$183.2M
$411.4M
Q2 25
$175.5M
$422.7M
Q1 25
$169.2M
$390.9M
Q4 24
$160.7M
$436.8M
Q3 24
$154.3M
$422.8M
Q2 24
$152.6M
$469.6M
Net Profit
ADC
ADC
XPRO
XPRO
Q1 26
$62.2M
Q4 25
$56.0M
$5.8M
Q3 25
$52.1M
$14.0M
Q2 25
$49.2M
$18.0M
Q1 25
$47.0M
$13.9M
Q4 24
$45.2M
$23.0M
Q3 24
$44.4M
$16.3M
Q2 24
$54.7M
$15.3M
Gross Margin
ADC
ADC
XPRO
XPRO
Q1 26
6.7%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
ADC
ADC
XPRO
XPRO
Q1 26
49.1%
0.0%
Q4 25
48.5%
3.1%
Q3 25
47.6%
6.4%
Q2 25
46.7%
7.7%
Q1 25
46.5%
2.6%
Q4 24
46.9%
7.3%
Q3 24
48.2%
6.2%
Q2 24
53.7%
5.9%
Net Margin
ADC
ADC
XPRO
XPRO
Q1 26
31.0%
Q4 25
29.4%
1.5%
Q3 25
28.4%
3.4%
Q2 25
28.0%
4.3%
Q1 25
27.8%
3.6%
Q4 24
28.1%
5.3%
Q3 24
28.8%
3.8%
Q2 24
35.9%
3.3%
EPS (diluted)
ADC
ADC
XPRO
XPRO
Q1 26
$1.04
$0.05
Q4 25
$0.47
$0.05
Q3 25
$0.45
$0.12
Q2 25
$0.43
$0.16
Q1 25
$0.42
$0.12
Q4 24
$0.41
$0.20
Q3 24
$0.42
$0.14
Q2 24
$0.52
$0.13

Balance Sheet & Financial Strength

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

Metric
ADC
ADC
XPRO
XPRO
Cash + ST InvestmentsLiquidity on hand
$25.1M
$170.7M
Total DebtLower is stronger
$79.1M
Stockholders' EquityBook value
$6.2B
$1.5B
Total Assets
$10.2B
$2.2B
Debt / EquityLower = less leverage
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADC
ADC
XPRO
XPRO
Q1 26
$25.1M
$170.7M
Q4 25
$16.3M
$196.1M
Q3 25
$13.7M
$197.9M
Q2 25
$5.8M
$206.8M
Q1 25
$7.9M
$179.3M
Q4 24
$6.4M
$183.0M
Q3 24
$13.2M
$165.7M
Q2 24
$9.6M
$133.5M
Total Debt
ADC
ADC
XPRO
XPRO
Q1 26
$79.1M
Q4 25
$79.1M
Q3 25
$99.1M
Q2 25
$121.1M
Q1 25
$121.1M
Q4 24
$121.1M
Q3 24
$121.1M
Q2 24
$121.1M
Stockholders' Equity
ADC
ADC
XPRO
XPRO
Q1 26
$6.2B
$1.5B
Q4 25
$6.3B
$1.5B
Q3 25
$5.9B
$1.5B
Q2 25
$5.7B
$1.5B
Q1 25
$5.6B
$1.5B
Q4 24
$5.5B
$1.5B
Q3 24
$5.3B
$1.5B
Q2 24
$5.2B
$1.5B
Total Assets
ADC
ADC
XPRO
XPRO
Q1 26
$10.2B
$2.2B
Q4 25
$9.8B
$2.3B
Q3 25
$9.5B
$2.3B
Q2 25
$9.1B
$2.3B
Q1 25
$8.8B
$2.3B
Q4 24
$8.5B
$2.3B
Q3 24
$8.2B
$2.3B
Q2 24
$8.0B
$2.3B
Debt / Equity
ADC
ADC
XPRO
XPRO
Q1 26
0.05×
Q4 25
0.05×
Q3 25
0.07×
Q2 25
0.08×
Q1 25
0.08×
Q4 24
0.08×
Q3 24
0.08×
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
XPRO
XPRO
Operating Cash FlowLast quarter
$25.3M
Free Cash FlowOCF − Capex
$23.2M
FCF MarginFCF / Revenue
6.3%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$112.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADC
ADC
XPRO
XPRO
Q1 26
$25.3M
Q4 25
$504.1M
$57.1M
Q3 25
$146.5M
$63.2M
Q2 25
$119.6M
$48.4M
Q1 25
$126.7M
$41.5M
Q4 24
$432.0M
$97.4M
Q3 24
$128.6M
$55.3M
Q2 24
$112.8M
$-13.2M
Free Cash Flow
ADC
ADC
XPRO
XPRO
Q1 26
$23.2M
Q4 25
$23.2M
Q3 25
$39.0M
Q2 25
$27.2M
Q1 25
$8.4M
Q4 24
$89.4M
$53.0M
Q3 24
$-87.4M
$23.3M
Q2 24
$-74.8M
$-49.5M
FCF Margin
ADC
ADC
XPRO
XPRO
Q1 26
6.3%
Q4 25
6.1%
Q3 25
9.5%
Q2 25
6.4%
Q1 25
2.1%
Q4 24
55.6%
12.1%
Q3 24
-56.6%
5.5%
Q2 24
-49.0%
-10.5%
Capex Intensity
ADC
ADC
XPRO
XPRO
Q1 26
1.2%
Q4 25
8.9%
Q3 25
5.9%
Q2 25
5.0%
Q1 25
8.5%
Q4 24
213.1%
10.2%
Q3 24
140.0%
7.6%
Q2 24
123.0%
7.7%
Cash Conversion
ADC
ADC
XPRO
XPRO
Q1 26
Q4 25
9.00×
9.89×
Q3 25
2.81×
4.52×
Q2 25
2.43×
2.69×
Q1 25
2.70×
2.98×
Q4 24
9.55×
4.23×
Q3 24
2.90×
3.40×
Q2 24
2.06×
-0.86×

Financial Flow Comparison

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

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