Agree Realty Corporation (ADC) — Cash Flow Quality Index
Agree Realty Corporation (ADC) has a Cash Flow Quality Index of 2.33x as of March 2026. Operating cash flow of $145.16 Million exceeds net income of $62.23 Million, indicating high earnings quality where cash backs reported profits. Explore how well can Agree Realty Corporation service its debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Agree Realty Corporation Cash Flow Quality Index (1994–2025)
Historical Cash Flow Quality Index for Agree Realty Corporation across 32 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Agree Realty Corporation (ADC) cash conversion ratio.
Annual Cash Flow Quality Index for Agree Realty Corporation (1994–2025)
Year-by-year earnings quality comparison for Agree Realty Corporation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.46x | $504.14 Million | $204.99 Million | ▲ +8.1% |
| 2024 | 2.28x | $431.97 Million | $189.83 Million | ▼ -0.9% |
| 2023 | 2.30x | $391.60 Million | $170.55 Million | ▼ -3.0% |
| 2022 | 2.37x | $362.12 Million | $153.03 Million | ▲ +18.0% |
| 2021 | 2.00x | $246.31 Million | $122.88 Million | ▲ +29.0% |
| 2020 | 1.55x | $142.96 Million | $91.97 Million | ▼ -0.9% |
| 2019 | 1.57x | $126.71 Million | $80.76 Million | ▼ -1.1% |
| 2018 | 1.59x | $93.25 Million | $58.80 Million | ▲ +13.4% |
| 2017 | 1.40x | $82.20 Million | $58.79 Million | ▲ +3.7% |
| 2016 | 1.35x | $61.73 Million | $45.80 Million | ▲ +20.0% |
| 2015 | 1.12x | $44.68 Million | $39.76 Million | ▼ -39.4% |
| 2014 | 1.86x | $35.10 Million | $18.91 Million | ▲ +26.6% |
| 2013 | 1.47x | $29.59 Million | $20.19 Million | ▲ +28.6% |
| 2012 | 1.14x | $21.21 Million | $18.60 Million | ▼ -55.8% |
| 2011 | 2.58x | $25.50 Million | $9.89 Million | ▲ +54.3% |
| 2010 | 1.67x | $26.11 Million | $15.63 Million | ▲ +27.5% |
| 2009 | 1.31x | $23.58 Million | $17.99 Million | ▼ -10.3% |
| 2008 | 1.46x | $21.93 Million | $15.02 Million | ▲ +4.5% |
| 2007 | 1.40x | $21.64 Million | $15.48 Million | ▼ -3.8% |
| 2006 | 1.45x | $20.30 Million | $13.97 Million | ▲ +18.7% |
| 2005 | 1.22x | $19.64 Million | $16.05 Million | ▼ -12.2% |
| 2004 | 1.39x | $18.30 Million | $13.12 Million | ▼ -6.7% |
| 2003 | 1.49x | $15.65 Million | $10.47 Million | ▼ -4.0% |
| 2002 | 1.56x | $13.66 Million | $8.77 Million | ▼ -3.7% |
| 2001 | 1.62x | $13.05 Million | $8.07 Million | ▼ -1.1% |
| 2000 | 1.63x | $11.60 Million | $7.10 Million | ▼ -7.7% |
| 1999 | 1.77x | $12.06 Million | $6.81 Million | ▼ -3.3% |
| 1998 | 1.83x | $11.16 Million | $6.09 Million | ▲ +3.6% |
| 1997 | 1.77x | $9.24 Million | $5.22 Million | ▼ -14.3% |
| 1996 | 2.07x | $7.71 Million | $3.73 Million | ▲ +0.1% |
| 1995 | 2.06x | $6.60 Million | $3.20 Million | ▲ +450.0% |
| 1994 | 0.38x | $900.00K | $2.40 Million | — |