NYSE : CNS
Cohen & Steers, Inc. — Financial statements
Financials · Asset Management · United States
Last price 72.91 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.75B
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Financial statements
Cohen & Steers, Inc. (CNS) reported revenue of 599.60M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 597.16M | 554.17M | 515.20M | 487.61M | 564.40M | 581.17M |
| Other Revenue | 2.44M | 1.94M | 2.22M | 2.03M | 2.50M | 2.66M |
| Revenue | 599.60M | 556.12M | 517.42M | 489.64M | 566.91M | 583.83M |
| Cost of Revenue | 320.37M | 297.36M | 275.12M | 254.35M | 291.76M | 271.33M |
| Gross Profit | 279.23M | 258.76M | 242.30M | 235.29M | 275.15M | 312.50M |
| Selling, General & Admin | 74.59M | 71.23M | 60.13M | 66.70M | 54.83M | 48.03M |
| Operating Expenses | 84.96M | 81.02M | 69.42M | 70.81M | 59.21M | 52.13M |
| Operating Income | 194.27M | 177.74M | 172.88M | 164.48M | 215.94M | 260.37M |
| Interest & Investment Income | 21.68M | 22.01M | 19.34M | 14.62M | 6.82M | 2.88M |
| Currency Exchange Gain (Loss) | -87.00K | -3.83M | 738.00K | -3.13M | -753.00K | -89.00K |
| EBT Excluding Unusual Items | 215.87M | 195.92M | 192.96M | 175.96M | 222.00M | 263.16M |
| Gain (Loss) on Sale of Investments | 11.63M | 8.71M | 16.58M | 4.29M | -25.11M | 18.78M |
| Pretax Income | 227.50M | 204.63M | 209.54M | 180.25M | 196.90M | 281.94M |
| Income Tax Expense | 59.18M | 47.23M | 46.75M | 43.64M | 47.41M | 55.79M |
| Earnings From Continuing Operations | 168.32M | 157.40M | 162.79M | 136.61M | 149.49M | 226.15M |
| Minority Interest in Earnings | 513.00K | -4.18M | -11.53M | -7.56M | 21.56M | -14.76M |
| Net Income | 168.83M | 153.22M | 151.26M | 129.05M | 171.04M | 211.40M |
| Net Income to Common | 168.83M | 153.22M | 151.26M | 129.05M | 171.04M | 211.40M |
| Shares Outstanding (Basic) | 51.45M | 51.17M | 50.41M | 49.31M | 48.78M | 48.32M |
| Shares Outstanding (Diluted) | 51.80M | 51.53M | 50.94M | 49.55M | 49.30M | 49.09M |
| EPS (Basic) | 3.28 | 2.99 | 3.00 | 2.62 | 3.51 | 4.38 |
| EPS (Diluted) | 3.25 | 2.97 | 2.97 | 2.60 | 3.47 | 4.31 |
| Free Cash Flow | -126.42M | 85.04M | 114.97M | 57.46M | 240.21M | |
| Free Cash Flow Per Share | -2.45 | 1.67 | 2.32 | 1.17 | 4.89 | |
| Dividend Per Share | 2.63 | 2.48 | 2.36 | 2.28 | 2.20 | 1.80 |
| Gross Margin | 46.57% | 46.53% | 46.83% | 48.05% | 48.54% | 53.52% |
| Operating Margin | 32.40% | 31.96% | 33.41% | 33.59% | 38.09% | 44.60% |
| Profit Margin | 28.16% | 27.55% | 29.23% | 26.36% | 30.17% | 36.21% |
| Free Cash Flow Margin | -22.73% | 16.43% | 23.48% | 10.13% | 41.14% | |
| EBITDA | 205.30M | 188.05M | 182.65M | 169.12M | 221.60M | 266.09M |
| EBITDA Margin | 34.24% | 33.81% | 35.30% | 34.54% | 39.09% | 45.58% |
| D&A For EBITDA | 11.03M | 10.31M | 9.77M | 4.64M | 5.67M | 5.72M |
| EBIT | 194.27M | 177.74M | 172.88M | 164.48M | 215.94M | 260.37M |
| EBIT Margin | 32.40% | 31.96% | 33.41% | 33.59% | 38.09% | 44.60% |
| Effective Tax Rate | 26.01% | 23.08% | 22.31% | 24.21% | 24.08% | 19.79% |
| Revenue as Reported | 599.60M | 556.12M | 517.42M | 489.64M | 566.91M | 583.83M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 145.45M | 182.97M | 187.44M | 247.42M | 184.37M | |
| Trading Asset Securities | 165.44M | 126.95M | 78.00M | 15.29M | 23.71M | |
| Cash & Short-Term Investments | 282.61M | 310.89M | 309.93M | 265.44M | 262.71M | 208.08M |
| Accounts Receivable | 79.78M | 74.39M | 68.89M | 66.68M | 84.09M | |
| Other Receivables | 1.86M | 1.47M | 4.68M | 2.08M | 3.57M | |
| Receivables | 81.64M | 75.86M | 73.57M | 68.76M | 87.66M | |
| Other Current Assets | 786.00K | 2.05M | 28.00K | 276.00K | 690.00K | |
| Total Current Assets | 393.32M | 387.84M | 339.03M | 331.74M | 296.43M | |
| Property, Plant & Equipment | 162.41M | 167.80M | 169.64M | 145.19M | 30.95M | |
| Long-Term Investments | 271.04M | 208.42M | 180.97M | 157.67M | 130.94M | |
| Goodwill | 18.79M | 17.51M | 18.14M | 17.80M | 18.45M | |
| Other Intangible Assets | 1.25M | 1.25M | 1.25M | 1.25M | 1.25M | |
| Long-Term Deferred Tax Assets | 7.30M | 7.92M | 7.64M | 8.19M | 6.89M | |
| Long-Term Deferred Charges | 4.70M | 4.40M | ||||
| Other Long-Term Assets | 17.88M | 17.21M | 19.88M | 11.55M | 7.78M | |
| Total Assets | 876.69M | 812.37M | 736.55M | 673.38M | 492.69M | |
| Accrued Expenses | 89.24M | 79.53M | 76.53M | 86.19M | 89.35M | |
| Current Portion of Leases | 15.39M | |||||
| Current Income Taxes Payable | 1.65M | 4.60M | 5.12M | 7.75M | 22.61M | |
| Other Current Liabilities | 2.34M | 2.36M | 3.09M | 2.29M | 1.81M | |
| Total Current Liabilities | 108.61M | 86.50M | 84.73M | 96.23M | 113.78M | |
| Long-Term Leases | 122.94M | 141.12M | 140.41M | 138.81M | 24.52M | |
| Other Long-Term Liabilities | 11.29M | 9.85M | 18.76M | 11.40M | 10.06M | |
| Total Liabilities | 242.85M | 237.46M | 243.91M | 246.44M | 148.36M | |
| Common Stock | 583.00K | 575.00K | 558.00K | 551.00K | 543.00K | |
| Additional Paid-In Capital | 992.95M | 943.28M | 818.27M | 769.37M | 715.85M | |
| Retained Earnings | -105.81M | -129.34M | -158.19M | -171.42M | -231.97M | |
| Treasury Stock | -321.12M | -292.78M | -271.70M | -250.17M | -223.35M | |
| Comprehensive Income & Other | -4.66M | -10.03M | -7.71M | -10.78M | -5.89M | |
| Total Common Equity | 589.38M | 561.95M | 511.71M | 381.23M | 337.55M | 255.18M |
| Minority Interest | 71.89M | 63.19M | 111.42M | 89.39M | 89.14M | |
| Shareholders' Equity | 695.37M | 633.85M | 574.90M | 492.65M | 426.94M | 344.33M |
| Total Liabilities & Equity | 876.69M | 812.37M | 736.55M | 673.38M | 492.69M | |
| Total Debt | 134.39M | 138.33M | 141.12M | 140.41M | 138.81M | 24.52M |
| Net Cash (Debt) | 148.22M | 172.57M | 168.81M | 125.03M | 123.90M | 183.56M |
| Net Cash Per Share | 2.86 | 3.35 | 3.31 | 2.52 | 2.51 | 3.74 |
| Filing Date Shares Outstanding | 51.57M | 51.39M | 50.97M | 49.52M | 49.10M | 48.67M |
| Total Common Shares Outstanding | 51.57M | 51.03M | 50.57M | 49.16M | 48.72M | 48.27M |
| Working Capital | 284.71M | 301.35M | 254.30M | 235.51M | 182.66M | |
| Book Value Per Share | 11.46 | 11.01 | 10.12 | 7.76 | 6.93 | 5.29 |
| Tangible Book Value | 569.62M | 541.91M | 492.95M | 361.83M | 318.50M | 235.49M |
| Tangible Book Value Per Share | 11.08 | 10.62 | 9.75 | 7.36 | 6.54 | 4.88 |
| Machinery | 26.44M | 24.92M | 29.11M | 11.86M | 10.96M | |
| Leasehold Improvements | 52.86M | 51.72M | 59.26M | 15.47M | 15.52M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 153.22M | 151.26M | 129.05M | 171.04M | 211.40M | |
| Depreciation & Amortization | 10.31M | 9.77M | 4.64M | 5.67M | 16.06M | |
| Other Amortization | 1.40M | 1.40M | 500.00K | |||
| Loss (Gain) From Sale of Investments | -7.63M | -17.66M | -6.25M | 24.99M | -18.82M | |
| Stock-Based Compensation | 45.96M | 52.30M | 44.47M | 49.35M | 40.46M | |
| Other Operating Activities | 11.12M | 18.20M | 21.81M | -9.37M | 16.84M | |
| Change in Accounts Receivable | -5.30M | -6.74M | -1.43M | 15.83M | -16.38M | |
| Change in Income Taxes | -5.06M | -162.00K | -2.74M | -15.04M | 9.99M | |
| Change in Other Net Operating Assets | -324.46M | -111.68M | -18.09M | -180.79M | -16.65M | |
| Operating Cash Flow | -120.44M | 96.69M | 171.96M | 61.68M | 242.90M | |
| Capital Expenditures | -5.98M | -11.65M | -56.99M | -4.22M | -2.69M | |
| Investment in Securities | 14.34M | -108.06M | -57.79M | 1.37M | 50.34M | |
| Investing Cash Flow | 8.36M | -119.71M | -114.78M | -2.86M | 47.65M | |
| Issuance of Common Stock | 961.00K | 69.56M | 1.06M | 1.04M | 1.00M | |
| Repurchase of Common Stock | -28.42M | -21.11M | -21.54M | -26.82M | -22.59M | |
| Common Dividends Paid | -126.92M | -119.18M | -112.45M | -107.35M | -87.25M | |
| Other Financing Activities | 228.22M | 88.89M | 13.87M | 142.10M | 23.72M | |
| Financing Cash Flow | 73.84M | 18.17M | -119.05M | 8.97M | -145.43M | |
| Foreign Exchange Rate Adjustments | 1.69M | -1.58M | 2.76M | -4.44M | -999.00K | |
| Net Cash Flow | -36.56M | -6.44M | -59.11M | 63.36M | 144.12M | |
| Free Cash Flow | -126.42M | 85.04M | 114.97M | 57.46M | 240.21M | |
| Free Cash Flow Margin | -22.73% | 16.43% | 23.48% | 10.13% | 41.14% | |
| Free Cash Flow Per Share | -2.45 | 1.67 | 2.32 | 1.17 | 4.89 | |
| Levered Free Cash Flow | 165.00M | 157.31M | 79.37M | 187.53M | 238.26M | |
| Unlevered Free Cash Flow | 165.00M | 157.31M | 79.37M | 187.53M | 238.26M | |
| Cash Income Tax Paid | 51.73M | 47.20M | 45.82M | 63.60M | 45.70M | |
| Change in Working Capital | -334.82M | -118.58M | -22.26M | -180.00M | -23.04M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.83B | 3.20B | 4.67B | 3.72B | 3.14B | 4.46B |
| Enterprise Value | 3.63B | 3.08B | 4.54B | 3.71B | 3.02B | 4.36B |
| Last Close Price | 72.48 | 61.07 | 86.95 | 69.27 | 56.85 | 78.96 |
| PE Ratio | 22.88 | 20.90 | 30.86 | 28.84 | 18.38 | 21.12 |
| Forward PE | 22.54 | 18.68 | 28.57 | 29.52 | 20.11 | 22.89 |
| PS Ratio | 6.38 | 5.76 | 9.02 | 7.60 | 5.55 | 7.65 |
| PB Ratio | 6.13 | 5.05 | 8.12 | 7.55 | 7.37 | 12.96 |
| P/TBV Ratio | 6.51 | 5.91 | 9.47 | 10.28 | 9.87 | 18.96 |
| P/FCF Ratio | 55.96 | 54.90 | 32.37 | 54.73 | 18.59 | |
| P/OCF Ratio | 53.03 | 48.28 | 21.64 | 50.98 | 18.38 | |
| PEG Ratio | 3.85 | 1.94 | 1.00 | 1.00 | 1.00 | 1.21 |
| EV/Sales Ratio | 6.05 | 5.53 | 8.77 | 7.59 | 5.32 | 7.47 |
| EV/EBITDA Ratio | 17.67 | 16.36 | 24.85 | 21.96 | 13.62 | 16.38 |
| EV/EBIT Ratio | 18.68 | 17.31 | 26.25 | 22.59 | 13.98 | 16.74 |
| EV/FCF Ratio | 53.07 | 53.36 | 32.31 | 52.52 | 18.15 | |
| Debt / Equity Ratio | 0.19 | 0.22 | 0.24 | 0.28 | 0.33 | 0.07 |
| Debt / EBITDA Ratio | 0.65 | 0.69 | 0.72 | 0.73 | 0.59 | 0.09 |
| Debt / FCF Ratio | 1.66 | 1.22 | 2.42 | 0.10 | ||
| Net Debt / Equity Ratio | -0.21 | -0.27 | -0.29 | -0.25 | -0.29 | -0.53 |
| Net Debt / EBITDA Ratio | -0.72 | -0.92 | -0.92 | -0.74 | -0.56 | -0.69 |
| Net Debt / FCF Ratio | 1.36 | -1.99 | -1.09 | -2.16 | -0.76 | |
| Asset Turnover | 0.66 | 0.67 | 0.69 | 0.97 | 1.39 | |
| Quick Ratio | 3.61 | 4.46 | 4.00 | 3.44 | 2.60 | |
| Current Ratio | 3.62 | 4.48 | 4.00 | 3.45 | 2.60 | |
| Return on Equity (ROE) | 26.04% | 30.50% | 29.71% | 38.76% | 79.46% | |
| Return on Assets (ROA) | 13.15% | 13.95% | 14.58% | 23.15% | 38.69% | |
| Return on Invested Capital (ROIC) | 26.27% | 31.52% | 34.72% | 37.17% | 70.69% | 115.81% |
| Return on Capital Employed (ROCE) | 23.10% | 23.80% | 25.20% | 37.40% | 68.70% | |
| Earnings Yield | 4.37% | 4.78% | 3.24% | 3.47% | 5.44% | 4.74% |
| FCF Yield | 1.79% | -3.95% | 1.82% | 3.09% | 1.83% | 5.38% |
| Dividend Yield | 3.60% | 3.95% | 2.56% | 3.01% | 3.41% | 1.95% |
| Payout Ratio | 82.44% | 82.84% | 78.79% | 87.13% | 62.76% | 41.28% |
| Buyback Yield / Dilution | -0.51% | -1.15% | -2.79% | -0.52% | -0.42% | -0.85% |
| Total Shareholder Return | 3.06% | 2.80% | -0.24% | 2.49% | 2.99% | 1.09% |