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O (Realty Income Corporation) Stock Financials & Earnings | Market Cap Arena
O
Realty Income Corporation
Mkt Cap
$61B
Real Estate
·
REIT - Retail
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$5.7B
Net Income (TTM)
$1.1B
EPS (TTM)
$1.17
Free Cash Flow (TTM)
$3.9B
Gross Margin
89.8%
Op. Margin
28.3%
Net Margin
18.4%
FCF Margin
68.6%
P/S Ratio (TTM)
10.6x
P/E Ratio (TTM)
57.6x
YoY Rev Growth
+9.1%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$944M
$875M
$389M
Q2 23
$1.0B
$925M
$415M
Q3 23
$1.0B
$968M
$437M
Q4 23
$1.1B
$994M
$481M
Q1 24
$1.3B
$1.2B
$549M
Q2 24
$1.3B
$1.2B
$580M
Q3 24
$1.3B
$1.2B
$595M
Q4 24
$1.3B
$1.2B
$588M
Q1 25
$1.4B
$1.3B
$621M
Q2 25
$1.4B
$1.3B
$605M
Q3 25
$1.5B
$1.4B
$674M
Q4 25
$1.5B
$1.2B
-$273M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
17.5x
68.2x
Q2 23
16.5x
70.4x
Q3 23
15.7x
69.2x
Q4 23
15.0x
70.0x
Q1 24
13.9x
78.3x
Q2 24
12.9x
72.3x
Q3 24
12.2x
69.4x
Q4 24
11.6x
70.9x
Q1 25
11.3x
62.4x
Q2 25
11.2x
66.6x
Q3 25
10.9x
63.4x
Q4 25
10.6x
57.6x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$731M
$717M
Q2 23
$735M
$719M
Q3 23
$732M
$714M
Q4 23
$761M
$739M
Q1 24
$779M
$779M
Q2 24
$981M
$981M
Q3 24
$841M
$841M
Q4 24
$972M
$972M
Q1 25
$788M
$788M
Q2 25
$1.1B
$1.1B
Q3 25
$943M
$943M
Q4 25
$1.2B
$1.2B
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$14M
Q2 23
$16M
Q3 23
$18M
Q4 23
$22M
Q1 24
$0
Q2 24
$0
Q3 24
$0
Q4 24
$0
Q1 25
$0
Q2 25
$0
Q3 25
$0
Q4 25
$49M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+17.0%
+13.6%
Q2 23
+25.8%
+21.8%
Q3 23
+24.1%
+19.0%
Q4 23
+21.1%
+9.4%
Q1 24
+33.5%
+28.1%
Q2 24
+31.4%
+25.8%
Q3 24
+28.1%
+22.3%
Q4 24
+24.5%
+26.2%
Q1 25
+9.5%
+6.8%
Q2 25
+5.3%
+6.0%
Q3 25
+10.5%
+8.2%
Q4 25
+11.0%
+134.1%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$6M
0.7%
Q2 23
$8M
0.7%
Q3 23
$6M
0.6%
Q4 23
$6M
0.6%
Q1 24
$34M
2.7%
Q2 24
$7M
0.5%
Q3 24
$6M
0.5%
Q4 24
$10M
0.7%
Q1 25
$6M
0.4%
Q2 25
$8M
0.6%
Q3 25
$8M
0.5%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
G&A
Quarter
G&A
Q1 23
$34M
Q2 23
$37M
Q3 23
$36M
Q4 23
$38M
Q1 24
$41M
Q2 24
$45M
Q3 24
$42M
Q4 24
$49M
Q1 25
$44M
Q2 25
$49M
Q3 25
$42M
Q4 25
$118M
marketcaparena.com
Revenue Segments
Quarter
marketcaparena.com
Revenue by Geography
Other
Other Geographic Region
United Kingdom
United States
Quarter
Other
Other Geographic Region
United Kingdom
United States
Q1 25
$67M
$39M
$151M
$1.1B
Q2 25
$72M
$52M
$170M
$1.1B
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$165M
$0
$165M
Q2 23
$254M
$0
$254M
Q3 23
$344M
$0
$344M
Q4 23
$233M
$0
$233M
Q1 24
$680M
$0
$680M
Q2 24
$443M
$0
$443M
Q3 24
$397M
$0
$397M
Q4 24
$445M
$0
$445M
Q1 25
$319M
$0
$319M
Q2 25
$800M
$0
$800M
Q3 25
$417M
$0
$417M
Q4 25
$435M
$0
$435M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
661M
+4.0%
Q2 23
675M
+2.0%
Q3 23
710M
+5.2%
Q4 23
727M
+2.4%
Q1 24
835M
+14.9%
Q2 24
871M
+4.2%
Q3 24
872M
+0.2%
Q4 24
880M
+0.9%
Q1 25
892M
+1.4%
Q2 25
904M
+1.3%
Q3 25
915M
+1.3%
Q4 25
905M
-1.1%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$7M
125
FY 15
$8M
132
FY 16
$8M
146
FY 17
$8M
152
FY 18
$8M
165
FY 19
$8M
194
FY 20
$8M
210
FY 21
$6M
371
FY 22
$8M
395
FY 23
$10M
418
FY 24
$11M
468
FY 25
$11M
544
marketcaparena.com