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Side-by-side financial comparison of iQIYI, Inc. (IQ) and Realty Income (O). Click either name above to swap in a different company.

Realty Income is the larger business by last-quarter revenue ($1.5B vs $971.6M, roughly 1.5× iQIYI, Inc.).

iQIYI, formerly Qiyi, is a Chinese subscription video on-demand over-the-top streaming service owned by Baidu. Headquartered in Beijing, iQIYI primarily produces and distributes films and television series.

Realty Income Corporation is a real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, the United Kingdom, and six other countries in Europe. These properties are subject to NNN Leases. The company is organized in Maryland with its headquarters in San Diego, California.

IQ vs O — Head-to-Head

Bigger by revenue
O
O
1.5× larger
O
$1.5B
$971.6M
IQ

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IQ
IQ
O
O
Revenue
$971.6M
$1.5B
Net Profit
$296.1M
Gross Margin
Operating Margin
0.8%
21.7%
Net Margin
19.9%
Revenue YoY
11.0%
Net Profit YoY
48.3%
EPS (diluted)
$0.32

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
IQ
IQ
O
O
Q1 26
$971.6M
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$1.4B
Q1 25
$906.0M
$1.4B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.3B
Net Profit
IQ
IQ
O
O
Q1 26
Q4 25
$296.1M
Q3 25
$315.8M
Q2 25
$196.9M
Q1 25
$249.8M
Q4 24
$199.6M
Q3 24
$269.5M
Q2 24
$259.4M
Operating Margin
IQ
IQ
O
O
Q1 26
0.8%
Q4 25
21.7%
Q3 25
23.2%
Q2 25
15.8%
Q1 25
4.3%
19.3%
Q4 24
16.5%
Q3 24
21.5%
Q2 24
20.7%
Net Margin
IQ
IQ
O
O
Q1 26
Q4 25
19.9%
Q3 25
21.5%
Q2 25
14.0%
Q1 25
18.1%
Q4 24
14.9%
Q3 24
20.2%
Q2 24
19.4%
EPS (diluted)
IQ
IQ
O
O
Q1 26
Q4 25
$0.32
Q3 25
$0.35
Q2 25
$0.22
Q1 25
$0.28
Q4 24
$0.23
Q3 24
$0.30
Q2 24
$0.29

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IQ
IQ
O
O
Cash + ST InvestmentsLiquidity on hand
$4.4M
$434.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$13.3M
$39.4B
Total Assets
$46.7M
$72.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IQ
IQ
O
O
Q1 26
$4.4M
Q4 25
$434.8M
Q3 25
$417.2M
Q2 25
$800.4M
Q1 25
$3.5M
$319.0M
Q4 24
$445.0M
Q3 24
$397.0M
Q2 24
$442.8M
Stockholders' Equity
IQ
IQ
O
O
Q1 26
$13.3M
Q4 25
$39.4B
Q3 25
$39.1B
Q2 25
$39.2B
Q1 25
$13.4M
$39.0B
Q4 24
$38.8B
Q3 24
$38.5B
Q2 24
$38.6B
Total Assets
IQ
IQ
O
O
Q1 26
$46.7M
Q4 25
$72.8B
Q3 25
$71.3B
Q2 25
$71.4B
Q1 25
$45.8M
$69.8B
Q4 24
$68.8B
Q3 24
$68.5B
Q2 24
$68.1B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IQ
IQ
O
O
Operating Cash FlowLast quarter
$1.2B
Free Cash FlowOCF − Capex
$1.2B
FCF MarginFCF / Revenue
77.6%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
4.06×
TTM Free Cash FlowTrailing 4 quarters
$3.9B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IQ
IQ
O
O
Q1 26
Q4 25
$1.2B
Q3 25
$943.1M
Q2 25
$1.1B
Q1 25
$787.5M
Q4 24
$972.0M
Q3 24
$841.5M
Q2 24
$981.2M
Free Cash Flow
IQ
IQ
O
O
Q1 26
Q4 25
$1.2B
Q3 25
$909.9M
Q2 25
$1.0B
Q1 25
$764.6M
Q4 24
$935.8M
Q3 24
$807.9M
Q2 24
$939.2M
FCF Margin
IQ
IQ
O
O
Q1 26
Q4 25
77.6%
Q3 25
61.9%
Q2 25
73.3%
Q1 25
55.4%
Q4 24
69.8%
Q3 24
60.7%
Q2 24
70.1%
Capex Intensity
IQ
IQ
O
O
Q1 26
Q4 25
3.3%
Q3 25
2.3%
Q2 25
1.9%
Q1 25
1.7%
Q4 24
2.7%
Q3 24
2.5%
Q2 24
3.1%
Cash Conversion
IQ
IQ
O
O
Q1 26
Q4 25
4.06×
Q3 25
2.99×
Q2 25
5.39×
Q1 25
3.15×
Q4 24
4.87×
Q3 24
3.12×
Q2 24
3.78×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IQ
IQ

Segment breakdown not available.

O
O

Product And Service Retail$900.8M61%
Other$531.5M36%

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