Company financials

Realty Income

Real Estate Retail REITs San Diego, California Last filing Feb 25, 2026 · FY2025

                    Revenue
                    FY2025
                
$5.7B
                    3y CAGR +19.8%
                    
                    P90
                    
                    +9.1%
                    
                    Net income
                    FY2025
                
$1.1B
                    Net margin +18.4%
                    
                    P43
                    
                    +23.0%
                    
                    Total assets
                    FY2025
                
$72.8B
                    ROA +1.5%
                    
                    P29
                    
                    +5.8%
                    
                    Operating cash flow
                    FY2025
                
$4.0B
                    FCF margin +67.2%
                    
                    P93
                    
                    +11.8%

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

23 accounts · 10 years

Total assets $72.8B

Total liabilities $32.7B

Shareholders equity $39.4B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	+44.7%	+51.9%	+47.0%	+48.9%	+75.2%	+169.3%	+51.0%	-18.6%	-56.0%	—
Accounts Receivable	+29.3%	+30.5%	+31.5%	+32.6%	+32.5%	+28.6%	+20.3%	+17.7%	+14.3%	—
Prepaid Expenses	+20.3%	+20.4%	+12.7%	+11.8%	+4.6%	-4.9%	-6.3%	+1.0%	-10.8%	—
Other Current Assets	+75.3%	+79.3%	+90.0%	+97.7%	+105.2%	+84.2%	+105.8%	+12.1%	+20.3%	—
Operating Lease Assets	—	—	—	—	—	—	—	—	—	—
Goodwill	+90.3%	+106.2%	+119.8%	+150.6%	+200.3%	-1.5%	-1.4%	-1.5%	-0.6%	—
Intangible Assets	+20.3%	+24.7%	+24.5%	+29.8%	+37.3%	+12.1%	+11.3%	+5.3%	+10.4%	—
Other Noncurrent Assets	+75.3%	+79.3%	+90.0%	+97.7%	+105.2%	+84.2%	+105.8%	+12.1%	+20.3%	—
Total Assets	+20.9%	+23.0%	+23.5%	+24.8%	+26.8%	+12.1%	+12.2%	+7.7%	+6.9%	—
Liabilities
Current Portion of Long Term Debt	—	—	—	—	—	—	—	—	—	—
Operating Lease Liabilities	—	—	—	—	—	—	—	—	—	—
Other Current Liabilities	+32.4%	+34.6%	+37.9%	+44.4%	+54.7%	+31.6%	+45.2%	+21.8%	+36.5%	—
Total Current Liabilities	+19.9%	+21.3%	+21.4%	+21.8%	+23.1%	+11.2%	+11.2%	+5.9%	+4.7%	—
Long Term Debt	—	—	—	—	—	—	—	—	—	—
Operating Lease Liabilities Noncurrent	—	—	—	—	—	—	—	—	—	—
Other Noncurrent Liabilities	+32.4%	+34.6%	+37.9%	+44.4%	+54.7%	+31.6%	+45.2%	+21.8%	+36.5%	—
Total Liabilities	+19.9%	+21.3%	+21.4%	+21.8%	+23.1%	+11.2%	+11.2%	+5.9%	+4.7%	—
Equity
Preferred Stock	—	—	—	—	—	—	—	—	—	—
Common Stock	+15.1%	+16.8%	+17.8%	+19.7%	+16.6%	+13.2%	+16.5%	+4.8%	+5.4%	—
Accumulated Other Comprehensive Income	—	—	—	—	—	—	—	—	—	—
Noncontrolling Interest	+47.9%	+34.0%	+35.0%	+36.4%	+30.6%	+12.3%	+13.6%	+26.2%	-5.1%	—
Total Stockholders Equity	+21.6%	+24.4%	+25.4%	+27.2%	+29.9%	+12.9%	+13.0%	+9.3%	+8.9%	—
Total Liabilitiesand Equity	+20.9%	+23.0%	+23.5%	+24.8%	+26.8%	+12.1%	+12.2%	+7.7%	+6.9%	—

Income Statement

Revenue, expense, and profitability

16 accounts · 10 years

Revenue $5.7B

Operating income $1.1B

Net income $1.1B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	+20.1%	+21.6%	+20.5%	+20.3%	+13.5%	+10.5%	+10.5%	+9.7%	+10.2%	—
Expenses Cost of Revenue	—	—	—	—	—	—	—	—	—	—
Expenses Selling,General and Administrative	+16.3%	+16.5%	+15.7%	+17.7%	+13.3%	+8.9%	+8.6%	+27.3%	+12.5%	—
Expenses Depreciation and Amortization	+21.1%	+23.2%	+22.8%	+24.4%	+14.8%	+10.8%	+9.7%	+9.5%	+10.9%	—
Expenses Share Based Compensation	+11.0%	+21.6%	+11.8%	+10.3%	+28.3%	+8.3%	+4.4%	+50.7%	+16.1%	—
Expenses Operating Expenses	—	—	—	—	—	—	—	—	—	—
Other Income Expense Operating Income	+14.4%	+13.3%	+15.6%	+18.3%	+2.6%	+5.7%	+11.3%	+7.2%	+0.7%	—
Other Income Expense Other Income/expense	—	—	—	—	—	—	—	—	—	—
Other Income Expense Income Before Tax	—	—	—	—	—	—	—	—	—	—
Income Tax Income Tax Expense	+43.7%	+45.8%	+48.5%	+55.0%	+57.5%	+45.7%	+23.6%	+27.9%	+85.3%	—
net Income net Income	+14.4%	+13.4%	+15.6%	+18.4%	+2.6%	+5.8%	+11.4%	+7.3%	+1.0%	—
net Income Comprehensive Income	+15.2%	+12.5%	+16.1%	+19.3%	+5.8%	+3.2%	+10.6%	+6.1%	+1.0%	—
Earnings Per Share Basic Eps	—	—	—	—	—	—	—	—	—	—
Earnings Per Share Diluted Eps	—	—	—	—	—	—	—	—	—	—
Earnings Per Share Weighted Average Shares Basic	+15.1%	+16.5%	+15.3%	+15.7%	+10.2%	+7.9%	+7.4%	+6.5%	+7.2%	—
Earnings Per Share Weighted Average Shares Diluted	+15.1%	+16.4%	+15.3%	+15.7%	+10.2%	+7.8%	+7.3%	+6.5%	+7.2%	—

Cash Flow Statement

Operating, investing, and financing flows

18 accounts · 10 years

Operating cash flow $4.0B

Investing cash flow $-5.7B

Financing cash flow $1.7B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	+14.4%	+13.4%	+15.6%	+18.4%	+2.6%	+5.8%	+11.4%	+7.3%	+1.0%	—
Operating Activities Depreciation and Amortization	+21.1%	+23.2%	+22.8%	+24.4%	+14.8%	+10.8%	+9.7%	+9.5%	+10.9%	—
Operating Activities Stock Based Compensation	+11.0%	+21.6%	+11.8%	+10.3%	+28.3%	+8.3%	+4.4%	+50.7%	+16.1%	—
Operating Activities Deferred Income Taxes	—	—	—	—	—	—	—	—	—	—
Operating Activities net Cash From Operating Activities	+19.6%	+20.6%	+20.5%	+21.4%	+10.6%	+8.7%	+10.1%	+8.4%	+9.5%	—
Investing Activities Capital Expenditures	+28.9%	+31.7%	+26.3%	+38.7%	+7.3%	-10.3%	+20.6%	+37.4%	+13.6%	—
Investing Activities Other Investing Activities	—	—	—	—	—	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—	—	—	—	—	—
Financing Activities Proceeds From Debt	—	—	—	—	—	—	—	—	—	—
Financing Activities Repayment of Debt	+16.1%	+15.1%	—	—	+44.0%	-2.4%	—	+12.8%	+163.6%	—
Financing Activities Dividends Paid	+19.0%	+20.4%	+19.4%	+19.9%	+13.9%	+12.1%	+11.8%	+11.7%	+12.9%	—
Financing Activities Proceeds From Stock Issuance	+22.4%	+20.8%	+46.1%	+51.1%	+63.2%	+47.7%	+30.1%	—	+83.8%	—
Financing Activities Other Financing Activities	—	—	—	—	—	—	—	—	—	—
Financing Activities net Cash From Financing Activities	+7.6%	—	+33.2%	+37.0%	+39.5%	+18.2%	+42.2%	-9.6%	-56.7%	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	—	—	—	—	—	—	—	—
Cash Reconciliation net Change In Cash	—	—	—	—	—	—	—	—	—	—
Cash Reconciliation Cash At Beginning of Period	+47.6%	+54.0%	+51.9%	+56.1%	+84.2%	+171.4%	+65.4%	+15.9%	-22.6%	—
Cash Reconciliation Cash At End of Period	+47.6%	+54.0%	+51.9%	+56.1%	+84.2%	+171.4%	+65.4%	+15.9%	-22.6%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+16.8%	+14.8%	+21.8%	+24.0%	+20.3%	+20.4%	+27.4%	—	—	—
Operating margin	+18.4%	+16.3%	+21.4%	+26.0%	+17.3%	+24.0%	+29.3%	+27.4%	+26.2%	+28.7%
Net margin	+18.4%	+16.3%	+21.4%	+26.0%	+17.3%	+24.0%	+29.3%	+27.4%	+26.2%	+28.6%
FCF margin	+67.2%	+65.5%	+70.9%	+73.8%	+62.6%	+67.2%	+70.2%	+68.9%	+70.8%	+71.3%
Growth
Revenue CAGR (3y)	+19.8%	+36.3%	+35.3%	+31.0%	+16.1%	+10.7%	+10.5%	+9.1%	+9.2%	+12.2%
Returns
ROE	+2.7%	+2.2%	+2.6%	+3.0%	+1.4%	+3.6%	+4.5%	+4.5%	+4.3%	+4.7%
ROA	+1.5%	+1.3%	+1.5%	+1.8%	+0.8%	+1.9%	+2.4%	+2.4%	+2.3%	+2.4%
ROIC	+2.5%	+2.1%	+2.5%	+2.8%	+1.3%	+3.8%	+4.4%	+4.5%	+4.3%	+4.7%
Liquidity
Current ratio	—	—	—	—	—	—	—	—	—	—
Quick ratio	0.05x	0.04x	0.04x	0.04x	0.04x	0.11x	0.03x	0.02x	0.02x	0.02x
Leverage
D/E	0.83x	0.77x	0.75x	0.73x	0.72x	0.89x	0.90x	0.88x	0.90x	0.94x
Interest coverage	—	—	1.19x	1.87x	1.11x	1.28x	1.50x	1.37x	1.29x	1.44x
Efficiency
Asset turnover	0.08x	0.08x	0.07x	0.07x	0.05x	0.08x	0.08x	0.09x	0.09x	0.08x
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

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Realty Income

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