15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $5.7B | $1.1B | 0.0% | 0.0% | 2.7% | 1.5% | — | — | $435M |
| 2024 | $5.3B | $861M | 0.0% | 0.0% | 2.2% | 1.3% | — | — | $445M |
| 2023 | $4.1B | $872M | 0.0% | 0.0% | 2.6% | 1.5% | — | — | $233M |
| 2022 | $3.3B | $869M | 0.0% | 0.0% | 3.0% | 1.8% | — | — | $171M |
| 2021 | $2.1B | $359M | 0.0% | 0.0% | 1.4% | 0.8% | — | — | $259M |
| 2020 | $1.6B | $395M | 0.0% | 0.0% | 3.6% | 1.9% | — | — | $824M |
| 2019 | $1.5B | $436M | 0.0% | 0.0% | 4.5% | 2.4% | — | — | $54M |
| 2018 | $1.3B | $364M | 0.0% | 0.0% | 4.5% | 2.4% | — | — | $10M |
| 2017 | $1.2B | $319M | 0.0% | 0.0% | 4.3% | 2.3% | — | — | $7M |
| 2016 | — | $316M | — | — | 4.7% | 2.4% | — | $4.0B | $9M |
| 2015 | — | $284M | — | — | 4.3% | 2.4% | — | $3.6B | — |
| 2014 | — | $271M | — | — | 4.8% | 2.5% | — | $3.8B | — |
| 2013 | — | $246M | — | — | 4.6% | 2.5% | — | $3.2B | — |
| 2012 | — | $159M | — | — | 6.6% | 2.9% | — | $2.5B | — |
| 2011 | $417M | $157M | 0.0% | 0.0% | 7.0% | 3.6% | — | $1.8B | — |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $1.5B | $371M | 0.0% | 0.0% | 0.9% | 0.5% | — | — | $553M |
| Mar '26 | $1.5B | $321M | 0.0% | 0.0% | 0.8% | 0.4% | — | — | $374M |
| Dec '25 | $1.5B | $302M | 0.0% | 0.0% | 0.8% | 0.4% | — | — | $435M |
| Sep '25 | $1.5B | $318M | 0.0% | 0.0% | 0.8% | 0.4% | — | — | $417M |
| Jun '25 | $1.4B | $199M | 0.0% | 0.0% | 0.5% | 0.3% | — | — | $800M |
| Mar '25 | $1.4B | $251M | 0.0% | 0.0% | 0.6% | 0.4% | — | — | $319M |
| Dec '24 | $1.3B | $201M | 0.0% | 0.0% | 0.5% | 0.3% | — | — | $445M |
| Sep '24 | $1.3B | $271M | 0.0% | 0.0% | 0.7% | 0.4% | — | — | $397M |
| Jun '24 | $1.3B | $261M | 0.0% | 0.0% | 0.7% | 0.4% | — | — | $443M |
| Mar '24 | $1.3B | $134M | 0.0% | 0.0% | 0.3% | 0.2% | — | — | $680M |
| Dec '23 | $1.1B | $220M | 0.0% | 0.0% | 0.7% | 0.4% | — | — | $233M |
| Sep '23 | $1.0B | $234M | 0.0% | 0.0% | 0.7% | 0.4% | — | — | $344M |
| Jun '23 | $1.0B | $197M | 0.0% | 0.0% | 0.6% | 0.4% | — | — | $254M |
| Mar '23 | $944M | $226M | 0.0% | 0.0% | 0.8% | 0.4% | — | — | $165M |
| Dec '22 | $889M | $228M | 0.0% | 0.0% | 0.8% | 0.5% | — | — | $171M |
| Sep '22 | $837M | $220M | 0.0% | 0.0% | 0.8% | 0.5% | — | — | $188M |
| Jun '22 | $810M | $224M | 0.0% | 0.0% | 0.9% | 0.5% | — | — | $173M |
| Mar '22 | $807M | $200M | 0.0% | 0.0% | 0.8% | 0.5% | — | — | $152M |
| Dec '21 | $685M | $4M | 0.0% | 0.0% | 0.0% | 0.0% | — | — | $259M |
| Sep '21 | $490M | $135M | 0.0% | 0.0% | 1.0% | 0.6% | — | — | $517M |
How the market has priced O against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Realty Income's revenue has grown 28.4% per year, and net income grown 21.8% per year. These are computed facts, not advice.
As of FY2025, Realty Income reported — of total debt against $435M of cash.
In FY2025, gross margin was —, operating margin —, and net margin 18.4%.
As of Sep '26, Realty Income traded at a price-to-earnings ratio of about 55.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.