Free cash flow
Realty Income Free cash flow decreased by 26.5% to $848.19M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 10.9%, from $764.62M to $848.19M. Over 4 years (FY 2021 to FY 2025), Free cash flow shows an upward trend with a 31.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
cf_free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $312.43M | $381.77M | $344.20M | $500.01M | $726.90M | $640.41M | $601.02M | $717.37M | $719.28M | $714.35M | $739.07M | $769.05M | $939.16M | $807.91M | $935.76M | $764.62M | $1.03B | $909.95M | $1.15B | $848.19M |
| QoQ Change | — | +22.2% | -9.8% | +45.3% | +45.4% | -11.9% | -6.2% | +19.4% | +0.3% | -0.7% | +3.5% | +4.1% | +22.1% | -14.0% | +15.8% | -18.3% | +35.3% | -12.0% | +26.8% | -26.5% |
| YoY Change | — | — | — | — | +132.7% | +67.7% | +74.6% | +43.5% | -1.0% | +11.5% | +23.0% | +7.2% | +30.6% | +13.1% | +26.6% | -0.6% | +10.1% | +12.6% | +23.3% | +10.9% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Realty Income's free cash flow?
- Realty Income (O) reported free cash flow of $848.19M in Q1 2026.
- How has Realty Income's free cash flow changed year-over-year?
- Realty Income's free cash flow increased by 10.9% year-over-year, from $764.62M to $848.19M.
- What is the long-term trend for Realty Income's free cash flow?
- Over 4 years (2021 to 2025), Realty Income's free cash flow has grown at a 31.2% compound annual growth rate (CAGR), from $1.30B to $3.86B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.