NYSEAMERICAN : CET
Central Securities Corporation — Financial statements
Financials · Asset Management · United States
Last price 56.46 USD (Oct 30, 2026, 9:44 AM EDT) · Market cap 1.67B
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Financial statements
Central Securities Corporation (CET) reported revenue of 43.15M 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 | |
|---|---|---|---|---|---|---|
| Other Revenue | 43.15M | 31.89M | 23.70M | 21.21M | 20.69M | 28.54M |
| Revenue | 43.15M | 31.89M | 23.70M | 21.21M | 20.69M | 28.54M |
| Gross Profit | 43.15M | 31.89M | 23.70M | 21.21M | 20.69M | 28.54M |
| Selling, General & Admin | 7.53M | 7.56M | 8.12M | 6.71M | 5.92M | 6.63M |
| Other Operating Expenses | -22.16K | 29.66K | 108.98K | 102.16K | 101.97K | 102.57K |
| Operating Expenses | 7.51M | 7.59M | 8.22M | 6.81M | 6.02M | 6.73M |
| Operating Income | 35.64M | 24.30M | 15.47M | 14.40M | 14.66M | 21.81M |
| EBT Excluding Unusual Items | 35.64M | 24.30M | 15.47M | 14.40M | 14.66M | 21.81M |
| Gain (Loss) on Sale of Investments | 181.63M | 240.92M | 272.50M | 209.24M | -173.33M | 331.77M |
| Pretax Income | 217.27M | 265.21M | 287.97M | 223.64M | -158.67M | 353.58M |
| Net Income | 217.27M | 265.21M | 287.97M | 223.64M | -158.67M | 353.58M |
| Net Income to Common | 217.27M | 265.21M | 287.97M | 223.64M | -158.67M | 353.58M |
| Shares Outstanding (Basic) | 29.55M | 29.55M | 28.94M | 28.39M | 27.99M | 27.27M |
| Shares Outstanding (Diluted) | 29.55M | 29.55M | 28.94M | 28.39M | 27.99M | 27.27M |
| EPS (Basic) | 7.35 | 8.98 | 9.95 | 7.88 | -5.67 | 12.97 |
| EPS (Diluted) | 7.35 | 8.98 | 9.95 | 7.88 | -5.67 | 12.97 |
| Free Cash Flow | 48.17M | 47.06M | 37.27M | 36.86M | 41.25M | 57.45M |
| Free Cash Flow Per Share | 1.63 | 1.59 | 1.29 | 1.30 | 1.47 | 2.11 |
| Dividend Per Share | 2.76 | 2.70 | 2.25 | 1.85 | 2.45 | 3.75 |
| Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating Margin | 82.60% | 76.20% | 65.30% | 67.89% | 70.89% | 76.42% |
| Profit Margin | 503.50% | 831.70% | 1,215.16% | 1,054.55% | -767.02% | 1,238.80% |
| Free Cash Flow Margin | 111.64% | 147.58% | 157.27% | 173.82% | 199.43% | 201.28% |
| EBITDA | 35.83M | 24.49M | 15.64M | 14.47M | 14.67M | 21.82M |
| EBITDA Margin | 83.02% | 76.79% | 65.98% | 68.23% | 70.92% | 76.44% |
| D&A For EBITDA | 181.44K | 187.32K | 162.86K | 71.37K | 7.39K | 7.23K |
| EBIT | 35.64M | 24.30M | 15.47M | 14.40M | 14.66M | 21.81M |
| EBIT Margin | 82.60% | 76.20% | 65.30% | 67.89% | 70.89% | 76.42% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 17.68K | 49.91K | 267.95K | 895.64K | 641.28K | 612.86K |
| Cash & Short-Term Investments | 17.68K | 49.91K | 267.95K | 895.64K | 641.28K | 612.86K |
| Receivables | 814.41K | 836.21K | 2.70M | 954.64K | 908.90K | 692.48K |
| Total Current Assets | 832.08K | 886.12K | 2.97M | 1.85M | 1.55M | 1.31M |
| Property, Plant & Equipment | 2.95M | 3.15M | 3.54M | 3.88M | 2.73M | 197.87K |
| Long-Term Investments | 1.43B | 1.34B | 1.17B | 1.01B | 872.71M | 1.04B |
| Other Long-Term Assets | 407.61M | 443.67M | 392.49M | 304.26M | 258.88M | 292.89M |
| Total Assets | 1.84B | 1.79B | 1.57B | 1.32B | 1.14B | 1.33B |
| Accrued Expenses | 1.31M | 406.87K | 466.30K | 246.45K | 134.47K | 166.40K |
| Current Portion of Leases | 206.74K | 413.48K | 413.48K | 413.48K | 206.74K | 197.87K |
| Total Current Liabilities | 1.52M | 820.35K | 879.78K | 659.92K | 341.20K | 364.27K |
| Long-Term Leases | 2.38M | 2.32M | 2.52M | 2.75M | 2.70M | |
| Total Liabilities | 3.90M | 3.14M | 3.40M | 3.41M | 3.04M | 364.27K |
| Common Stock | 29.55M | 29.55M | 28.94M | 28.39M | 28.01M | 27.27M |
| Additional Paid-In Capital | 500.06M | 500.06M | 470.76M | 446.05M | 432.75M | 407.63M |
| Retained Earnings | 1.31B | 1.26B | 1.07B | 845.43M | 672.78M | 897.70M |
| Treasury Stock | -701.13K | |||||
| Shareholders' Equity | 1.84B | 1.79B | 1.57B | 1.32B | 1.13B | 1.33B |
| Total Liabilities & Equity | 1.84B | 1.79B | 1.57B | 1.32B | 1.14B | 1.33B |
| Total Debt | 2.59M | 2.73M | 2.93M | 3.16M | 2.90M | 197.87K |
| Net Cash (Debt) | -2.57M | -2.68M | -2.67M | -2.26M | -2.26M | 414.99K |
| Net Cash Per Share | -0.09 | -0.09 | -0.09 | -0.08 | -0.08 | 0.02 |
| Filing Date Shares Outstanding | 29.55M | 29.55M | 28.94M | 28.39M | 27.99M | 27.27M |
| Total Common Shares Outstanding | 29.55M | 29.55M | 28.94M | 28.39M | 27.99M | 27.27M |
| Working Capital | -683.57K | 65.77K | 2.09M | 1.19M | 1.21M | 941.07K |
| Book Value Per Share | 62.11 | 60.50 | 54.26 | 46.49 | 40.48 | 48.87 |
| Tangible Book Value | 1.84B | 1.79B | 1.57B | 1.32B | 1.13B | 1.33B |
| Tangible Book Value Per Share | 62.11 | 60.50 | 54.26 | 46.49 | 40.48 | 48.87 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 217.27M | 265.21M | 287.97M | 223.64M | -158.67M | 353.58M |
| Depreciation & Amortization | 181.44K | 187.32K | 162.86K | 71.37K | 7.39K | 7.23K |
| Loss (Gain) From Sale of Investments | -181.63M | -240.92M | -272.50M | -209.24M | 173.33M | -331.77M |
| Stock-Based Compensation | 142.03K | 484.13K | ||||
| Other Operating Activities | 12.62M | 20.74M | 23.30M | 23.64M | 26.80M | 35.58M |
| Change in Accounts Receivable | 93.18K | 1.86M | -1.74M | -45.74K | -216.42K | -51.80K |
| Change in Other Net Operating Assets | -331.28K | -23.97K | 107.53K | -6.37K | -139.51K | -378.67K |
| Operating Cash Flow | 48.18M | 47.07M | 37.30M | 38.06M | 41.25M | 57.45M |
| Capital Expenditures | -5.88K | -5.88K | -28.56K | -1.20M | ||
| Investing Cash Flow | -5.64K | -5.88K | -28.56K | -1.20M | ||
| Repurchase of Common Stock | -935.35K | -5.83M | -2.73M | |||
| Common Dividends Paid | -48.28M | -46.34M | -37.90M | -30.77M | -38.50M | -57.81M |
| Financing Cash Flow | -48.28M | -47.28M | -37.90M | -36.61M | -41.23M | -57.81M |
| Net Cash Flow | -100.91K | -218.04K | -627.69K | 254.36K | 28.42K | -357.98K |
| Free Cash Flow | 48.17M | 47.06M | 37.27M | 36.86M | 41.25M | 57.45M |
| Free Cash Flow Margin | 111.64% | 147.58% | 157.27% | 173.82% | 199.43% | 201.28% |
| Free Cash Flow Per Share | 1.63 | 1.59 | 1.29 | 1.30 | 1.47 | 2.11 |
| Levered Free Cash Flow | 22.31M | 17.17M | 8.28M | 7.94M | 9.07M | 14.09M |
| Unlevered Free Cash Flow | 22.31M | 17.17M | 8.28M | 7.94M | 9.07M | 14.09M |
| Change in Working Capital | -238.10K | 1.84M | -1.63M | -52.11K | -355.93K | -430.47K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.67B | 1.47B | 1.30B | 1.06B | 909.77M | 1.17B |
| Enterprise Value | 1.67B | 1.47B | 1.30B | 1.06B | 912.08M | 1.17B |
| Last Close Price | 55.61 | 50.41 | 43.01 | 33.91 | 28.46 | 35.43 |
| PE Ratio | 7.67 | 5.53 | 4.50 | 4.72 | 3.31 | |
| PS Ratio | 38.55 | 45.98 | 54.73 | 49.76 | 43.98 | 40.99 |
| PB Ratio | 0.90 | 0.82 | 0.83 | 0.80 | 0.80 | 0.88 |
| P/TBV Ratio | 0.91 | 0.82 | 0.83 | 0.80 | 0.80 | 0.88 |
| P/FCF Ratio | 34.53 | 31.16 | 34.80 | 28.63 | 22.05 | 20.36 |
| P/OCF Ratio | 34.53 | 31.15 | 34.77 | 27.73 | 22.05 | 20.36 |
| EV/Sales Ratio | 38.61 | 46.06 | 54.84 | 49.90 | 44.09 | 40.99 |
| EV/EBITDA Ratio | 46.51 | 59.99 | 83.12 | 73.13 | 62.17 | 53.63 |
| EV/EBIT Ratio | 46.74 | 60.45 | 83.99 | 73.49 | 62.20 | 53.65 |
| EV/FCF Ratio | 34.59 | 31.21 | 34.87 | 28.71 | 22.11 | 20.37 |
| Debt / Equity Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt / EBITDA Ratio | 0.07 | 0.11 | 0.18 | 0.21 | 0.19 | 0.01 |
| Debt / FCF Ratio | 0.05 | 0.06 | 0.08 | 0.09 | 0.07 | 0.00 |
| Net Debt / Equity Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Debt / EBITDA Ratio | 0.07 | 0.11 | 0.17 | 0.16 | 0.15 | -0.02 |
| Net Debt / FCF Ratio | 0.05 | 0.06 | 0.07 | 0.06 | 0.06 | -0.01 |
| Asset Turnover | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Quick Ratio | 0.55 | 1.08 | 3.37 | 2.80 | 4.54 | 3.58 |
| Current Ratio | 0.55 | 1.08 | 3.37 | 2.80 | 4.54 | 3.58 |
| Return on Equity (ROE) | 12.41% | 15.80% | 19.93% | 18.24% | -12.87% | 29.85% |
| Return on Assets (ROA) | 1.27% | 0.90% | 0.67% | 0.73% | 0.74% | 1.15% |
| Return on Capital Employed (ROCE) | 1.90% | 1.40% | 1.00% | 1.10% | 1.30% | 1.60% |
| Earnings Yield | 13.03% | 18.09% | 22.20% | 21.19% | -17.44% | 30.22% |
| FCF Yield | 2.90% | 3.21% | 2.87% | 3.49% | 4.54% | 4.91% |
| Dividend Yield | 4.79% | 5.44% | 5.02% | 4.98% | 7.54% | 8.74% |
| Payout Ratio | 37.54% | 17.47% | 13.16% | 13.76% | 16.35% | |
| Buyback Yield / Dilution | -2.20% | -2.12% | -1.93% | -1.43% | -2.65% | -3.91% |
| Total Shareholder Return | 2.62% | 3.32% | 3.09% | 3.55% | 4.89% | 4.83% |