Comprehensive Stock Comparison
Compare Omega Healthcare Investors, Inc. (OHI) vs Realty Income Corporation (O) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | OHI | 10.7% revenue growth vs O's 9.1% |
| Value | O | PEG 80.25 vs 187.73 |
| Quality / Margins | OHI | 50.2% net margin vs O's 18.4% |
| Stability / Safety | OHI | Beta 0.10 vs O's 0.19 |
| Dividends | OHI | 5.3% yield; O pays no meaningful dividend |
| Momentum (1Y) | OHI | +38.3% vs O's +23.6% |
| Efficiency (ROA) | OHI | 6.2% ROA vs O's 1.5%, ROIC 5.7% vs 2.3% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Omega Healthcare Investors is a real estate investment trust that owns and leases skilled nursing and assisted living facilities to healthcare operators. It generates revenue primarily through triple-net leases — where tenants pay rent plus property expenses — with skilled nursing facilities representing the majority of its portfolio. The company's moat lies in its specialized healthcare real estate expertise and diversified portfolio of essential healthcare properties across the US and UK.
Realty Income is a real estate investment trust that owns and leases single-tenant commercial properties to retail and service-oriented businesses. It generates revenue primarily through long-term triple-net leases—where tenants pay rent plus property expenses—with retail clients like convenience stores and drugstores accounting for roughly 80% of its portfolio. The company's moat lies in its massive scale, diversified tenant base, and long-term lease structure that provides predictable monthly cash flow supporting its famous monthly dividend payments.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
OHI leads in 3 of 6 categories (Financial Metrics, Profitability & Efficiency). O leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.
Financial Metrics (TTM)
O is the larger business by revenue, generating $5.7B annually — 4.8x OHI's $1.2B. OHI is the more profitable business, keeping 50.2% of every revenue dollar as net income compared to O's 18.4%. On growth, OHI holds the edge at +14.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | OHIOmega Healthcare … | ORealty Income Cor… |
|---|---|---|
| RevenueTrailing 12 months | $1.2B | $5.7B |
| EBITDAEarnings before interest/tax | $1.0B | $4.1B |
| Net IncomeAfter-tax profit | $597M | $1.1B |
| Free Cash FlowCash after capex | $629M | $2.8B |
| Gross MarginGross profit ÷ Revenue | +72.3% | +89.8% |
| Operating MarginEBIT ÷ Revenue | +60.2% | +28.3% |
| Net MarginNet income ÷ Revenue | +50.2% | +18.4% |
| FCF MarginFCF ÷ Revenue | +52.9% | +48.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +14.3% | +11.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +34.1% | +39.1% |
Valuation Metrics
At 31.1x trailing earnings, OHI trades at a 46% valuation discount to O's 57.3x P/E. Adjusting for growth (PEG ratio), O offers better value at 80.25x vs OHI's 187.73x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | OHIOmega Healthcare … | ORealty Income Cor… |
|---|---|---|
| Market CapShares × price | $13.5B | $62.6B |
| Enterprise ValueMkt cap + debt − cash | $17.8B | $62.1B |
| Trailing P/EPrice ÷ TTM EPS | 31.14x | 57.27x |
| Forward P/EPrice ÷ next-FY EPS est. | 24.31x | 41.80x |
| PEG RatioP/E ÷ EPS growth rate | 187.73x | 80.25x |
| EV / EBITDAEnterprise value multiple | 18.45x | 15.16x |
| Price / SalesMarket cap ÷ Revenue | 12.81x | 10.88x |
| Price / BookPrice ÷ Book value/share | 2.76x | 1.51x |
| Price / FCFMarket cap ÷ FCF | 17.98x | 15.66x |
Profitability & Efficiency
OHI delivers a 11.0% return on equity — every $100 of shareholder capital generates $11 in annual profit, vs $3 for O. On the Piotroski fundamental quality scale (0–9), OHI scores 8/9 vs O's 5/9, reflecting strong financial health.
| Metric | OHIOmega Healthcare … | ORealty Income Cor… |
|---|---|---|
| ROE (TTM)Return on equity | +11.0% | +2.6% |
| ROA (TTM)Return on assets | +6.2% | +1.5% |
| ROICReturn on invested capital | +5.7% | +2.3% |
| ROCEReturn on capital employed | +7.2% | +2.3% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 5 |
| Debt / EquityFinancial leverage | 1.02x | — |
| Net DebtTotal debt minus cash | $4.3B | -$435M |
| Cash & Equiv.Liquid assets | $518M | $435M |
| Total DebtShort + long-term debt | $4.8B | $0 |
| Interest CoverageEBIT ÷ Interest expense | 2.98x | — |
Total Returns (with DRIP)
A $10,000 investment in OHI five years ago would be worth $16,302 today (with dividends reinvested), compared to $14,035 for O. Over the past 12 months, OHI leads with a +38.3% total return vs O's +23.6%. The 3-year compound annual growth rate (CAGR) favors OHI at 28.1% vs O's 6.3% — a key indicator of consistent wealth creation.
| Metric | OHIOmega Healthcare … | ORealty Income Cor… |
|---|---|---|
| YTD ReturnYear-to-date | +9.9% | +17.9% |
| 1-Year ReturnPast 12 months | +38.3% | +23.6% |
| 3-Year ReturnCumulative with dividends | +110.2% | +19.9% |
| 5-Year ReturnCumulative with dividends | +63.0% | +40.3% |
| 10-Year ReturnCumulative with dividends | +132.8% | +67.6% |
| CAGR (3Y)Annualised 3-year return | +28.1% | +6.3% |
Risk & Volatility
OHI is the less volatile stock with a 0.10 beta — it tends to amplify market swings less than O's 0.19 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | OHIOmega Healthcare … | ORealty Income Cor… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.10x | 0.19x |
| 52-Week HighHighest price in past year | $49.14 | $67.94 |
| 52-Week LowLowest price in past year | $35.04 | $50.71 |
| % of 52W HighCurrent price vs 52-week peak | +98.2% | +98.6% |
| RSI (14)Momentum oscillator 0–100 | 68.6 | 70.7 |
| Avg Volume (50D)Average daily shares traded | 1.6M | 5.4M |
Analyst Outlook
Wall Street rates OHI as "Hold" and O as "Hold". Consensus price targets imply 1.8% upside for OHI (target: $49) vs -5.4% for O (target: $63). OHI is the only dividend payer here at 5.25% yield — a key consideration for income-focused portfolios.
| Metric | OHIOmega Healthcare … | ORealty Income Cor… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $49.14 | $63.38 |
| # AnalystsCovering analysts | 28 | 33 |
| Dividend YieldAnnual dividend ÷ price | +5.3% | — |
| Dividend StreakConsecutive years of raises | 0 | 27 |
| Dividend / ShareAnnual DPS | $2.53 | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Mar 20 | Feb 26 | Change |
|---|---|---|---|
| Omega Healthcare In… (OHI) | 100 | 109.22 | +9.2% |
| Realty Income Corpo… (O) | 100 | 83.35 | -16.6% |
Omega Healthcare In… (OHI) returned +63% over 5 years vs Realty Income Corpo… (O)'s +40%. A $10,000 investment in OHI 5 years ago would be worth $16,302 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Omega Healthcare In… (OHI) | $901M | $1.1B | +16.7% |
| Realty Income Corpo… (O) | $1.1B | $5.7B | +421.2% |
Realty Income Corporation's revenue grew from $1.1B (2016) to $5.7B (2025) — a 20.1% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Omega Healthcare In… (OHI) | 40.7% | 38.6% | -5.0% |
| Realty Income Corpo… (O) | 28.6% | 18.4% | -35.6% |
Realty Income Corporation's net margin went from 29% (2016) to 18% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Omega Healthcare In… (OHI) | 54 | 24.4 | -54.8% |
| Realty Income Corpo… (O) | 50.2 | 48.2 | -4.0% |
Omega Healthcare Investors, Inc. has traded in a 16x–54x P/E range over 8 years; current trailing P/E is ~31x. Realty Income Corporation has traded in a 45x–82x P/E range over 9 years; current trailing P/E is ~57x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Omega Healthcare In… (OHI) | 1.9 | 1.55 | -18.4% |
| Realty Income Corpo… (O) | 1.13 | 1.17 | +3.5% |
Realty Income Corporation's EPS grew from $1.13 (2016) to $1.17 (2025) — a 0% CAGR.
Chart 6Free Cash Flow — 5 Years
Omega Healthcare Investors, Inc. generated $749M FCF in 2024 (+20% vs 2021). Realty Income Corporation generated $4B FCF in 2025 (+207% vs 2021).
OHI vs O: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is OHI or O a better buy right now?
Omega Healthcare Investors, Inc. (OHI) offers the better valuation at 31.1x trailing P/E (24.3x forward), making it the more compelling value choice. Analysts rate Omega Healthcare Investors, Inc. (OHI) a "Hold" — based on 28 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — OHI or O?
On trailing P/E, Omega Healthcare Investors, Inc. (OHI) is the cheapest at 31.1x versus Realty Income Corporation at 57.3x. On forward P/E, Omega Healthcare Investors, Inc. is actually cheaper at 24.3x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Realty Income Corporation wins at 80.25x versus Omega Healthcare Investors, Inc.'s 187.73x.
03Which is the better long-term investment — OHI or O?
Over the past 5 years, Omega Healthcare Investors, Inc. (OHI) delivered a total return of +63.0%, compared to +40.3% for Realty Income Corporation (O). A $10,000 investment in OHI five years ago would be worth approximately $16K today (assuming dividends reinvested). Over 10 years, the gap is even starker: OHI returned +132.8% versus O's +67.6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — OHI or O?
By beta (market sensitivity over 5 years), Omega Healthcare Investors, Inc. (OHI) is the lower-risk stock at 0.10β versus Realty Income Corporation's 0.19β — meaning O is approximately 94% more volatile than OHI relative to the S&P 500.
05Which has better profit margins — OHI or O?
Omega Healthcare Investors, Inc. (OHI) is the more profitable company, earning 38.6% net margin versus 18.4% for Realty Income Corporation — meaning it keeps 38.6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: OHI leads at 62.7% versus 28.3% for O. At the gross margin level — before operating expenses — OHI leads at 98.6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is OHI or O more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential. By this metric, Realty Income Corporation (O) is the more undervalued stock at a PEG of 80.25x versus Omega Healthcare Investors, Inc.'s 187.73x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Omega Healthcare Investors, Inc. (OHI) trades at 24.3x forward P/E versus 41.8x for Realty Income Corporation — 17.5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for OHI: 1.8% to $49.14.
07Which pays a better dividend — OHI or O?
In this comparison, OHI (5.3% yield) pays a dividend. O does not pay a meaningful dividend and should not be held primarily for income.
08Is OHI or O better for a retirement portfolio?
For long-horizon retirement investors, Omega Healthcare Investors, Inc. (OHI) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.10), 5.3% yield, +132.8% 10Y return). Both have compounded well over 10 years (OHI: +132.8%, O: +67.6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between OHI and O?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. In terms of investment character: OHI is a mid-cap income-oriented stock; O is a mid-cap quality compounder stock. OHI pays a dividend while O does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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