Saturday 17 October 2026
Export O’s income statement to Excel — free account
Realty Income Corporation
Realty Income Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.7 billion, up 9.07% from fiscal 2024. In the quarter to June 2026, revenue grew 9.74%, EPS grew 68.2%, free cash flow fell 639.9% and total debt rose 8.11%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for ten.
56.06
0.51
+0.92%
Follow O
| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
48.18 | 53.95 | 46.48 | 44.62 | 76.16 | 52.38 | 51.33 | 48.48 | 49.42 | 49.74 |
Piotroski F-Score |
5 | 6 | 4 | 6 | 3 | 5 | 5 | 8 | 6 | 4 |
P/S ratio |
8.89 | 8.74 | 9.94 | 11.67 | 14.26 | 12.63 | 15.14 | 13.32 | 12.34 | 12.88 |
P/FCF ratio |
0.00 | 59.18 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
P/Operating CF |
42.49 | 47.42 | 53.31 | 61.91 | 84.28 | 68.03 | 77.38 | 70.47 | 64.03 | 64.40 |
P/B ratio |
1.27 | 1.18 | 1.22 | 1.35 | 1.18 | 1.89 | 2.30 | 2.18 | 2.03 | 2.22 |
Price to Tangible BV |
1.74 | 1.66 | 1.66 | 1.96 | 1.83 | 2.24 | 2.71 | 2.55 | 2.43 | 2.68 |
EV/Sales |
13.26 | 13.64 | 15.16 | 17.04 | 21.56 | 17.48 | 20.42 | 18.20 | 17.36 | 18.17 |
EV/EBITDA |
21.44 | 22.08 | 22.36 | 23.40 | 35.52 | 28.03 | 29.70 | 26.31 | 26.19 | 26.19 |
EV/Operating CF |
19.08 | 20.11 | 20.90 | 22.22 | 33.93 | 25.81 | 28.42 | 25.69 | 24.10 | 25.05 |
EV/FCF |
(1,863.49) | 92.28 | (12.25) | (9.52) | (9.43) | (31.40) | (12.56) | (33.96) | (54.72) | (21.94) |
Quick Ratio |
1.40 | 1.74 | 1.28 | 1.79 | 1.95 | 4.60 | 1.33 | 1.16 | 1.15 | 0.94 |
Current Ratio |
1.40 | 1.74 | 1.28 | 1.79 | 1.95 | 4.60 | 1.33 | 1.16 | 1.15 | 0.94 |
Net Debt/EBITDA |
7.98 | 7.92 | 7.70 | 7.37 | 12.02 | 7.78 | 7.67 | 7.06 | 7.57 | 7.62 |
Debt/Assets |
39.56% | 38.10% | 37.25% | 36.46% | 35.80% | 42.51% | 42.58% | 42.59% | 43.47% | 44.40% |
Debt/Equity |
0.72 | 0.67 | 0.65 | 0.63 | 0.61 | 0.80 | 0.81 | 0.80 | 0.83 | 0.86 |
Asset Turnover |
0.08 | 0.08 | 0.08 | 0.07 | 0.07 | 0.08 | 0.09 | 0.09 | 0.09 | 0.09 |
Operating CF/Net income |
3.77 | 4.21 | 3.39 | 2.95 | 3.68 | 2.82 | 2.45 | 2.59 | 2.90 | 2.77 |
Capex/Depreciation |
(1.56) | (1.13) | (4.27) | (5.24) | (6.48) | (2.90) | (5.67) | (2.88) | (2.42) | (3.67) |
| 2.67% | 2.35% | 2.82% | 3.22% | 1.99% | 3.80% | 4.87% | 4.69% | 4.38% | 4.60% | |
| 1.49% | 1.34% | 1.62% | 1.87% | 1.13% | 2.01% | 2.58% | 2.48% | 2.22% | 2.31% | |
ROIC |
0.88% | 0.75% | 1.02% | 1.07% | 0.50% | 1.07% | 1.44% | 1.48% | 1.32% | 1.47% |
Return on Tangible Assets |
1.96% | 1.64% | 1.99% | 2.28% | 1.11% | 2.15% | 2.64% | 2.62% | 2.38% | 2.42% |
Average Days of Receivables |
66.88 | 60.77 | 63.58 | 59.30 | 74.87 | 63.31 | 44.63 | 39.86 | 35.89 | 34.60 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
3.52% | 3.36% | 3.54% | 4.14% | 4.66% | 4.45% | 4.47% | 6.34% | 4.81% | 4.71% |
Intangible Assets out of Total Assets |
0.15 | 0.16 | 0.15 | 0.18 | 0.21 | 0.08 | 0.08 | 0.08 | 0.09 | 0.08 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(0.55) | (0.62) | (0.59) | (0.52) | (0.58) | (0.41) | (0.38) | (0.39) | (0.44) | (0.44) |
Graham Number |
34.12 | 31.75 | 36.82 | 38.95 | 35.81 | 28.73 | 31.16 | 28.20 | 25.98 | 25.13 |
Earnings Yield |
2.08% | 1.85% | 2.15% | 2.24% | 1.31% | 1.91% | 1.95% | 2.06% | 2.02% | 2.01% |
Free Cash Flow Yield |
(0.08%) | 1.69% | (12.44%) | (15.33%) | (16.04%) | (4.41%) | (10.73%) | (4.02%) | (2.57%) | (6.43%) |
Revenue per Share |
6.34 | 6.11 | 5.89 | 5.47 | 5.02 | 4.77 | 4.71 | 4.59 | 4.45 | 4.33 |
Operating CF per Share |
4.40 | 4.14 | 4.27 | 4.19 | 3.19 | 3.23 | 3.38 | 3.25 | 3.20 | 3.14 |
Capex per Share |
(4.45) | (3.24) | (11.56) | (13.97) | (14.67) | (5.89) | (11.04) | (5.71) | (4.61) | (6.72) |
Free Cash Flow per Share |
(0.05) | 0.90 | (7.29) | (9.78) | (11.48) | (2.66) | (7.66) | (2.46) | (1.41) | (3.58) |
Cash per Share |
0.48 | 0.52 | 0.34 | 0.28 | 0.62 | 2.39 | 0.17 | 0.04 | 0.03 | 0.04 |
Shareholders Equity per Share |
44.23 | 45.25 | 47.82 | 47.15 | 60.62 | 31.91 | 31.04 | 28.06 | 27.03 | 26.61 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
44.23 | 45.25 | 47.82 | 47.15 | 60.62 | 31.91 | 31.04 | 28.06 | 27.03 | 26.61 |
Free Cash Flow |
(40.90) | 778.88 | (5,046.16) | (5,981.98) | (4,759.43) | (916.84) | (2,418.27) | (711.66) | (385.69) | (913.36) |
Working Capital |
427.36 | 563.21 | 204.93 | 315.20 | 334.22 | 868.84 | 58.94 | 21.61 | 16.91 | (7.15) |
Capital Expenditures |
(4,035.66) | (2,794.40) | (8,004.93) | (8,545.83) | (6,081.62) | (2,032.38) | (3,487.21) | (1,652.40) | (1,261.54) | (1,713.22) |
Net Current Asset Value |
(31,183.31) | (28,460.72) | (23,728.93) | (20,115.46) | (17,322.75) | (8,612.38) | (8,514.66) | (6,984.13) | (6,541.03) | (6,251.81) |
EV/EBIT |
79.12 | 91.93 | 69.45 | 70.87 | 138.10 | 88.36 | 74.47 | 70.00 | 74.20 | 67.30 |
Capex to Sales |
0.70 | 0.53 | 1.96 | 2.56 | 2.92 | 1.23 | 2.34 | 1.24 | 1.04 | 1.55 |
Price to Operating Income |
53.08 | 58.95 | 45.54 | 48.55 | 91.36 | 63.83 | 55.24 | 51.21 | 52.74 | 47.72 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.05 | 0.05 | 0.04 | 0.04 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
Cash ROIC |
(0.06%) | 1.19% | (9.20%) | (12.69%) | (11.66%) | (4.44%) | (13.62%) | (4.86%) | (2.86%) | (7.23%) |
Accounts Receivable Turnover |
5.95 | 6.64 | 6.51 | 6.89 | 5.84 | 7.04 | 9.10 | 10.04 | 10.85 | 11.85 |
Accounts Payable Turnover |
0.47 | 0.50 | 0.56 | 0.60 | 0.45 | 0.50 | 0.57 | 0.55 | 0.60 | 0.53 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
903.11 | 733.93 | 850.45 | 643.68 | 959.26 | 842.11 | 729.46 | 736.13 | 575.36 | 703.44 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
965.58 | 794.10 | 626.89 | 485.00 | 356.23 | 233.84 | 163.48 | 132.26 | 112.06 | 93.13 |
Average Payables |
910.19 | 748.97 | 568.83 | 375.13 | 296.23 | 209.19 | 155.40 | 121.64 | 115.34 | 118.49 |
Average Assets |
70,815.33 | 63,307.20 | 53,726.23 | 46,405.30 | 31,938.90 | 19,647.55 | 16,907.64 | 14,659.33 | 13,605.52 | 12,499.13 |
Average Common Equity |
39,587.83 | 36,079.33 | 30,975.13 | 26,986.35 | 18,073.57 | 10,410.94 | 8,962.57 | 7,755.84 | 6,891.19 | 6,274.82 |
Columns are period end dates