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.
- Revenue
- +10.3%
- EPS
- +30.7%
- Free cash flow
- −344.0%
- Total debt
- +10.6%
Quarter to September 2026, against a year earlier
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Realty Income Corporation (O) Gross margin
Realty Income Corporation's gross margin over the twelve months to 30 September 2026 was 92.6%, up 0.0 percentage points from fiscal 2025 (92.5%). Over the past ten years it has ranged from 92.2% (fiscal 2023) to 95.0% (fiscal 2018); the current reading is higher than 18% of that period. That is above the Reit Retail industry median of 71.8% and above the Real Estate sector median of 62.8%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 92.5% | (0.30) |
| FY2024 | 92.8% | 0.61 |
| FY2023 | 92.2% | (1.00) |
| FY2022 | 93.2% | (0.35) |
| FY2021 | 93.6% | (0.07) |
| FY2020 | 93.7% | (0.40) |
| FY2019 | 94.1% | (0.95) |
| FY2018 | 95.0% | 0.71 |
| FY2017 | 94.3% | (0.01) |
| FY2016 | 94.3% | (0.29) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 92.5% | (0.29) |
| Jun 2026 | 92.7% | 0.28 |
| Mar 2026 | 92.5% | (0.28) |
| Dec 2025 | 92.7% | (0.01) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| NNN NNN REIT, Inc. compare | 96.3% |
| O Realty Income Corporation | 92.6% |
| ADC Agree Realty Corporation compare | 87.6% |
| SPG Simon Property Group, Inc. compare | 81.4% |
| BRX Brixmor Property Group Inc. compare | 75.3% |
| REG Regency Centers Corporation compare | 70.4% |
| KIM Kimco Realty Corporation compare | 69.2% |
| FRT Federal Realty Investment Trust compare | 67.7% |
| MAC Macerich Company (The) compare | 0.00% |
| Reit Retail industry median | 71.8% |
| Real Estate sector median | 62.8% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on O
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement