Cohen & Steers (CNS) Financials

$66.16 -0.22 (-0.33%)

Closing price 10/8/2025 03:59 PM Eastern

Extended Trading

$66.39 +0.23 (+0.35%)

As of 10/8/2025 07:31 PM Eastern

Annual Income Statements for Cohen & Steers

This table shows Cohen & Steers' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	65	93	92	114	135	77	211	171	129	151
Consolidated Net Income / (Loss)	64	93	92	110	147	75	226	149	137	163
Net Income / (Loss) Continuing Operations	64	93	92	110	147	75	226	149	137	163
Total Pre-Tax Income	113	143	160	144	188	93	282	197	180	210
Total Revenue	326	356	381	367	433	423	603	542	494	534
Net Interest Income / (Expense)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Non-Interest Income	326	356	381	367	433	423	603	542	494	534
Net Realized & Unrealized Capital Gains on Investments	-2.65	4.99	2.02	-14	22	-4.12	19	-25	4.29	17
Other Non-Interest Income	-	351	379	381	411	428	584	567	490	517
Total Non-Interest Expense	201	216	224	234	251	332	323	351	325	345
Salaries and Employee Benefits	108	116	124	131	143	156	195	209	200	218
Insurance Policy Acquisition Costs	36	53	53	50	55	115	76	83	54	57
Other Operating Expenses	51	43	42	48	48	56	48	55	67	60
Depreciation Expense	6.21	4.25	4.32	4.47	4.40	4.65	4.09	4.38	4.11	9.29
Nonoperating Income / (Expense), net	-12	2.90	3.63	11	5.74	2.45	2.79	6.07	11	20
Income Tax Expense	48	51	68	34	41	18	56	47	44	47
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.21	-0.13	0.55	-4.37	12	-1.42	15	-22	7.56	12
Basic Earnings per Share	$1.42	$2.02	$1.98	$2.43	$2.85	$1.60	$4.38	$3.51	$2.62	$3.00
Weighted Average Basic Shares Outstanding	45.43M	45.95M	46.35M	46.79M	47.27M	47.80M	48.32M	48.78M	49.31M	50.41M
Diluted Earnings per Share	$1.41	$2.00	$1.96	$2.40	$2.79	$1.57	$4.31	$3.47	$2.60	$2.97
Weighted Average Diluted Shares Outstanding	45.90M	46.43M	46.98M	47.38M	48.30M	48.68M	49.09M	49.30M	49.55M	50.94M
Weighted Average Basic & Diluted Shares Outstanding	45.50M	46M	46.40M	46.90M	47.20M	48.23M	48.67M	49.10M	49.52M	50.97M
Cash Dividends to Common per Share	$1.50	$1.54	$2.12	$3.82	$3.44	$2.56	$3.05	$2.20	$2.28	$2.36

This table shows Cohen & Steers' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	6/30/2024	9/30/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	45	32	35	32	32	31	32	40	40
Consolidated Net Income / (Loss)	40	37	36	33	25	45	30	55	43
Net Income / (Loss) Continuing Operations	40	37	36	33	25	45	30	55	43
Total Pre-Tax Income	55	50	47	43	36	56	41	68	53
Total Revenue	134	131	126	121	114	136	120	152	138
Net Interest Income / (Expense)	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00
Total Interest Income	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00
Total Interest Expense	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00
Total Non-Interest Income	134	131	126	121	114	136	120	152	138
Net Realized & Unrealized Capital Gains on Investments	-5.92	5.82	-0.31	0.36	-10	13	-2.02	19	3.55
Other Non-Interest Income	140	125	126	121	124	123	122	133	134
Total Non-Interest Expense	83	79	81	80	83	80	83	88	89
Salaries and Employee Benefits	52	49	49	49	53	46	53	56	55
Other Operating Expenses	30	-54	31	30	29	-21	28	30	32
Depreciation Expense	1.14	1.15	0.99	0.84	0.80	0.21	2.27	2.34	2.36
Nonoperating Income / (Expense), net	3.95	-3.00	1.94	2.29	4.90	0.24	4.57	3.73	4.20
Income Tax Expense	16	13	10	11	11	11	11	12	9.66
Net Income / (Loss) Attributable to Noncontrolling Interest	-4.96	4.38	0.98	0.73	-6.97	13	-1.69	16	3.51
Basic Earnings per Share	$0.91	$0.68	$0.72	$0.64	$0.65	$0.64	$0.63	$0.78	$0.78
Weighted Average Basic Shares Outstanding	48.82M	48.78M	49.20M	49.32M	49.35M	49.31M	50.42M	50.78M	51.06M
Diluted Earnings per Share	$0.90	$0.66	$0.71	$0.64	$0.65	$0.63	$0.63	$0.77	$0.77
Weighted Average Diluted Shares Outstanding	49.32M	49.30M	49.40M	49.46M	49.62M	49.55M	50.77M	51.43M	51.42M
Weighted Average Basic & Diluted Shares Outstanding	48.71M	49.10M	50.54M	49.13M	49.14M	49.52M	50.55M	50.56M	50.98M
Cash Dividends to Common per Share	$0.55	-	$0.57	$0.57	$0.57	-	$0.59	$0.59	$0.62

This table details how cash moves in and out of Cohen & Steers' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	19	43	9.54	-99	7.26	-61	145	68	-62	-4.86
Net Cash From Operating Activities	90	115	64	73	141	89	243	62	172	97
Net Cash From Continuing Operating Activities	90	115	64	73	141	89	243	62	172	97
Net Income / (Loss) Continuing Operations	64	93	92	110	147	75	226	149	137	163
Consolidated Net Income / (Loss)	64	93	92	110	147	75	226	149	137	163
Depreciation Expense	6.21	4.25	4.32	4.47	4.98	6.15	5.72	5.67	5.14	11
Amortization Expense	-	3.36	10	11	10	10	10	12	13	4.65
Non-Cash Adjustments to Reconcile Net Income	46	18	12	28	6.24	21	24	75	40	37
Changes in Operating Assets and Liabilities, net	-26	-3.22	-55	-80	-27	-23	-23	-180	-22	-119
Net Cash From Investing Activities	0.40	2.90	5.71	-53	36	-1.77	48	-2.86	-115	-120
Net Cash From Continuing Investing Activities	0.40	2.90	5.71	-53	36	-1.77	48	-2.86	-115	-120
Purchase of Property, Leasehold Improvements and Equipment	-2.43	-10	-3.24	-3.47	-2.75	-2.50	-2.70	-4.22	-57	-12
Purchase of Investment Securities	-5.66	-8.10	-17	-64	-51	-71	-54	-145	-169	-417
Sale and/or Maturity of Investments	8.49	21	26	14	90	72	104	147	112	309
Net Cash From Financing Activities	-71	-75	-60	-118	-170	-149	-145	8.98	-119	18
Net Cash From Continuing Financing Activities	-71	-75	-60	-118	-170	-149	-145	8.98	-119	18
Issuance of Common Equity	0.54	0.64	0.64	0.60	0.74	0.86	1.00	1.04	1.06	70
Repurchase of Common Equity	-19	-8.04	-9.14	-11	-10	-26	-23	-27	-22	-21
Payment of Dividends	-68	-71	-98	-179	-163	-122	-148	-107	-112	-119
Other Financing Activities, Net	16	3.68	46	71	2.24	-1.33	24	142	14	89

This table details how cash moves in and out of Cohen & Steers' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	41	80	-96	27	-44	52	-9.89	71	-117
Net Cash From Operating Activities	52	58	-15	54	75	59	26	35	-109
Net Cash From Continuing Operating Activities	52	58	-15	54	75	59	26	35	-109
Net Income / (Loss) Continuing Operations	40	37	36	33	25	43	55	43	43
Consolidated Net Income / (Loss)	40	37	36	33	25	43	55	43	43
Depreciation Expense	1.43	1.52	1.26	1.08	1.03	1.77	2.74	2.87	2.83
Amortization Expense	2.71	3.54	3.95	4.03	-8.97	14	-0.27	1.42	1.82
Non-Cash Adjustments to Reconcile Net Income	6.23	15	13	7.68	27	-7.88	-9.81	17	14
Changes in Operating Assets and Liabilities, net	2.43	0.91	-70	8.39	30	8.52	-22	-29	-171
Net Cash From Investing Activities	-1.31	42	-35	3.79	-97	13	-39	23	2.00
Net Cash From Continuing Investing Activities	-1.31	42	-35	3.79	-97	13	-39	23	2.00
Purchase of Property, Leasehold Improvements and Equipment	-1.39	-1.28	-4.59	-16	-26	-11	-1.41	-1.68	-1.08
Purchase of Investment Securities	-59	-13	-39	-6.68	-87	-37	-105	-80	-76
Sale and/or Maturity of Investments	59	56	8.12	26	16	61	67	104	79
Net Cash From Financing Activities	-9.97	-20	-47	-31	-22	-20	3.56	13	-11
Net Cash From Continuing Financing Activities	-9.97	-20	-47	-31	-22	-20	3.56	13	-11
Issuance of Common Equity	0.20	0.16	0.39	0.29	0.23	0.16	0.26	0.19	0.33
Repayment of Debt	-	-	-0.60	-	-	-	-	-	-0.02
Repurchase of Common Equity	-0.11	-0.94	-20	-0.19	-0.05	-0.86	-0.07	-1.54	-26
Payment of Dividends	-27	-27	-28	-28	-28	-28	-30	-30	-32
Other Financing Activities, Net	17	7.48	2.24	-2.58	5.92	8.29	33	44	47
Effect of Exchange Rate Changes	-	-	-	-	-	-	-	-	0.47

This table presents Cohen & Steers' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	305	334	410	481	402	348	493	673	737	812
Cash and Due from Banks	143	183	193	93	101	41	184	247	187	183
Trading Account Securities	71	55	108	225	155	155	155	173	259	335
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Customer and Other Receivables	-	-	-	-	61	75	88	69	74	76
Premises and Equipment, Net	9.78	16	15	14	12	10	8.94	8.76	66	69
Intangible Assets	19	19	20	20	20	20	20	19	19	19
Other Assets	62	61	73	130	53	47	37	156	131	131
Total Liabilities & Shareholders' Equity	305	334	410	481	402	348	493	673	737	812
Total Liabilities	62	67	87	144	135	124	148	246	244	237
Short-Term Debt	17	16	29	32	23	13	0.93	8.59	5.32	6.71
Other Short-Term Payables	31	35	41	44	48	56	-	78	66	71
Other Long-Term Liabilities	14	16	16	68	65	54	147	160	172	160
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	11	0.85	48	114	53	51	89	85	106	53
Total Equity & Noncontrolling Interests	232	266	276	223	214	174	255	342	386	521
Total Preferred & Common Equity	232	266	276	223	214	174	255	338	381	512
Total Common Equity	232	266	276	223	214	174	255	338	381	512
Common Stock	520	544	571	603	637	671	716	770	819	944
Retained Earnings	-148	-128	-138	-208	-242	-292	-232	-171	-158	-129
Treasury Stock	-137	-145	-154	-164	-175	-201	-223	-250	-272	-293
Accumulated Other Comprehensive Income / (Loss)	-3.84	-5.89	-3.67	-7.32	-6.33	-4.13	-5.89	-11	-7.71	-10
Noncontrolling Interest	-	-	-	-	-	-	0.00	4.05	4.96	9.73

This table presents Cohen & Steers' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2024	6/30/2023	9/30/2023	6/30/2024	9/30/2024	3/31/2025
Total Assets	506	681	625	674	784	728	835
Cash and Due from Banks	162	100	178	133	122	106	65
Trading Account Securities	202	273	188	257	371	321	473
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Customer and Other Receivables	2.93	17	2.57	2.81	3.66	2.45	3.87
Premises and Equipment, Net	8.62	68	36	52	70	70	68
Intangible Assets	18	19	19	19	19	20	19
Other Assets	113	204	200	210	198	209	206
Total Liabilities & Shareholders' Equity	506	681	625	674	784	728	835
Total Liabilities	113	206	181	218	200	215	194
Short-Term Debt	12	29	1.26	2.71	1.24	2.82	11
Other Short-Term Payables	62	17	-	-	33	49	20
Other Long-Term Liabilities	39	160	180	215	165	164	162
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	78	91	86	84	115	14	122
Total Equity & Noncontrolling Interests	316	384	358	372	470	498	520
Total Preferred & Common Equity	316	379	353	367	463	491	508
Total Common Equity	316	379	353	367	463	491	508
Common Stock	756	833	795	807	917	932	956
Retained Earnings	-176	-154	-162	-159	-153	-144	-122
Treasury Stock	-249	-291	-271	-271	-291	-291	-319
Accumulated Other Comprehensive Income / (Loss)	-15	-8.69	-8.54	-10	-8.87	-5.41	-7.92
Noncontrolling Interest	-	4.98	5.24	5.58	6.66	7.05	12

This table displays calculated financial ratios and metrics derived from Cohen & Steers' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.17%	9.35%	6.80%	-3.64%	17.90%	-2.10%	42.32%	-10.09%	-8.84%	8.11%
EBITDA Growth	0.52%	12.97%	15.76%	-13.72%	33.07%	-45.53%	175.33%	-29.48%	-10.44%	10.10%
EBIT Growth	0.74%	12.49%	11.57%	-15.30%	36.93%	-49.98%	206.96%	-31.64%	-11.56%	12.26%
NOPAT Growth	-7.38%	27.58%	-0.60%	11.89%	40.88%	-48.63%	205.91%	-35.30%	-11.72%	15.08%
Net Income Growth	-15.05%	44.26%	-0.35%	18.42%	34.21%	-48.86%	200.88%	-33.90%	-8.61%	19.17%
EPS Growth	-14.55%	41.84%	-2.00%	22.45%	16.25%	-43.73%	174.52%	-19.49%	-25.07%	14.23%
Operating Cash Flow Growth	64.52%	28.02%	-44.11%	12.99%	94.83%	-36.95%	172.35%	-74.61%	178.80%	-43.77%
Free Cash Flow Firm Growth	-26.27%	36.28%	-70.75%	320.67%	161.83%	-43.77%	-6.45%	-53.22%	19.90%	-2.95%
Invested Capital Growth	8.64%	8.46%	24.87%	4.64%	-21.52%	-17.81%	45.02%	26.15%	14.34%	16.80%
Revenue Q/Q Growth	-2.16%	4.67%	1.54%	-4.28%	7.15%	2.57%	7.63%	-6.12%	0.47%	0.00%
EBITDA Q/Q Growth	-6.50%	9.24%	9.72%	-13.35%	14.59%	-31.46%	56.82%	-13.93%	5.55%	0.00%
EBIT Q/Q Growth	-6.73%	9.36%	1.55%	-11.61%	15.99%	-37.43%	49.13%	-15.42%	-0.25%	0.00%
NOPAT Q/Q Growth	-8.27%	17.34%	-7.73%	0.16%	15.53%	-34.41%	44.38%	-17.45%	1.29%	0.00%
Net Income Q/Q Growth	-4.23%	17.55%	-5.50%	4.28%	9.43%	-33.01%	43.91%	-18.11%	4.40%	0.00%
EPS Q/Q Growth	-4.08%	17.65%	-6.22%	3.90%	8.98%	-35.39%	48.62%	-15.78%	-2.26%	0.00%
Operating Cash Flow Q/Q Growth	-13.67%	39.85%	-0.91%	-21.88%	32.13%	-42.41%	40.43%	-18.39%	0.32%	-19.72%
Free Cash Flow Firm Q/Q Growth	-54.10%	71.36%	118.30%	115.52%	10.21%	-26.15%	10.44%	-56.20%	-9.55%	0.00%
Invested Capital Q/Q Growth	3.08%	-2.57%	-6.85%	-16.17%	-20.05%	-21.92%	-2.55%	7.51%	8.49%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	40.22%	41.55%	45.03%	40.32%	45.51%	25.32%	48.98%	38.42%	37.75%	38.44%
EBIT Margin	38.31%	39.41%	41.18%	36.19%	42.04%	21.48%	46.32%	35.22%	34.17%	35.48%
Profit (Net Income) Margin	19.73%	26.03%	24.29%	29.86%	33.98%	17.75%	37.53%	27.59%	27.66%	30.49%
Tax Burden Percent	57.06%	64.72%	57.66%	76.17%	78.37%	80.49%	80.21%	75.92%	75.79%	77.69%
Interest Burden Percent	90.27%	102.06%	102.32%	108.29%	103.16%	102.69%	101.00%	103.18%	106.80%	110.60%
Effective Tax Rate	42.94%	35.28%	42.34%	23.83%	21.63%	19.51%	19.79%	24.08%	24.21%	22.31%
Return on Invested Capital (ROIC)	28.50%	33.50%	28.46%	28.02%	43.26%	27.74%	76.77%	37.11%	27.40%	27.27%
ROIC Less NNEP Spread (ROIC-NNEP)	-20.21%	44.81%	37.72%	55.20%	59.67%	38.76%	108.49%	133.93%	152.61%	286.69%
Return on Net Nonoperating Assets (RNNOA)	-1.22%	2.92%	2.89%	5.16%	5.42%	2.81%	2.69%	1.65%	2.31%	3.23%
Return on Equity (ROE)	27.28%	36.41%	31.35%	33.18%	48.67%	30.55%	79.46%	38.76%	29.71%	30.50%
Cash Return on Invested Capital (CROIC)	20.21%	25.38%	6.34%	23.48%	67.37%	47.29%	40.03%	13.99%	14.03%	11.77%
Operating Return on Assets (OROA)	42.63%	43.97%	42.15%	29.80%	41.16%	24.22%	66.38%	32.73%	23.94%	24.46%
Return on Assets (ROA)	21.96%	29.05%	24.87%	24.58%	33.27%	20.02%	53.77%	25.64%	19.38%	21.02%
Return on Common Equity (ROCE)	26.59%	35.54%	28.77%	25.04%	35.17%	24.09%	59.94%	29.79%	23.22%	25.51%
Return on Equity Simple (ROE_SIMPLE)	27.76%	34.92%	33.57%	49.19%	68.78%	43.14%	88.62%	44.29%	35.83%	31.81%
Net Operating Profit after Tax (NOPAT)	71	91	90	101	142	73	224	145	128	147
NOPAT Margin	21.86%	25.51%	23.74%	27.57%	32.94%	17.29%	37.16%	26.74%	25.90%	27.56%
Net Nonoperating Expense Percent (NNEP)	48.71%	-11.31%	-9.26%	-27.18%	-16.41%	-11.02%	-31.72%	-96.82%	-125.21%	-259.42%
SG&A Expenses to Revenue	33.04%	32.43%	32.59%	35.79%	33.16%	36.95%	32.43%	38.54%	40.53%	40.82%
Operating Expenses to Revenue	61.69%	60.59%	58.82%	63.81%	57.96%	78.52%	53.68%	64.78%	65.83%	64.52%
Earnings before Interest and Taxes (EBIT)	125	141	157	133	182	91	279	191	169	189
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	131	148	171	148	197	107	295	208	186	205
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.89	3.94	5.67	5.69	11.61	17.78	15.81	8.71	9.48	9.12
Price to Tangible Book Value (P/TBV)	4.25	4.24	6.13	6.24	12.78	20.15	17.14	9.23	9.99	9.47
Price to Revenue (P/Rev)	2.76	2.94	4.11	3.45	5.74	7.32	6.70	5.43	7.32	8.74
Price to Earnings (P/E)	13.96	11.26	17.01	11.12	18.43	40.45	19.09	17.19	28.01	30.86
Dividend Yield	6.30%	5.61%	3.32%	4.87%	2.74%	2.41%	2.15%	4.55%	3.10%	2.56%
Earnings Yield	7.16%	8.88%	5.88%	8.99%	5.43%	2.47%	5.24%	5.82%	3.57%	3.24%
Enterprise Value to Invested Capital (EV/IC)	3.02	3.12	4.10	3.58	8.48	13.11	11.42	6.41	7.12	7.83
Enterprise Value to Revenue (EV/Rev)	2.41	2.47	3.80	3.60	5.68	7.37	6.54	5.15	7.18	8.53
Enterprise Value to EBITDA (EV/EBITDA)	6.00	5.94	8.44	8.92	12.48	29.11	13.35	13.41	19.01	22.19
Enterprise Value to EBIT (EV/EBIT)	6.30	6.26	9.23	9.94	13.51	34.31	14.12	14.63	21.00	24.04
Enterprise Value to NOPAT (EV/NOPAT)	11.04	9.68	16.01	13.05	17.24	42.63	17.60	19.27	27.71	30.95
Enterprise Value to Operating Cash Flow (EV/OCF)	8.77	7.65	22.52	18.18	17.36	34.99	16.23	45.25	20.61	47.11
Enterprise Value to Free Cash Flow (EV/FCFF)	15.57	12.77	71.83	15.58	11.07	25.01	33.76	51.12	54.13	71.70
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.07	0.06	0.09	0.10	0.08	0.06	0.00	0.02	0.01	0.01
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.06	0.07	0.08	0.09	0.09	0.07	0.02	0.01	0.02	0.01
Leverage Ratio	1.24	1.25	1.26	1.35	1.46	1.53	1.48	1.51	1.53	1.45
Compound Leverage Factor	1.12	1.28	1.29	1.46	1.51	1.57	1.49	1.56	1.64	1.60
Debt to Total Capital	6.66%	5.60%	8.34%	8.74%	7.79%	5.53%	0.27%	1.97%	1.07%	1.15%
Short-Term Debt to Total Capital	6.66%	5.60%	8.34%	8.74%	7.79%	5.53%	0.27%	1.97%	1.07%	1.15%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	4.35%	0.30%	13.55%	30.94%	18.44%	21.28%	25.82%	20.52%	22.38%	10.86%
Common Equity to Total Capital	88.99%	94.10%	78.11%	60.32%	73.77%	73.19%	73.91%	77.50%	76.56%	87.98%
Debt to EBITDA	0.13	0.11	0.17	0.22	0.11	0.12	0.00	0.04	0.03	0.03
Net Debt to EBITDA	-0.96	-1.13	-0.96	-0.41	-0.40	-0.26	-0.62	-1.15	-0.98	-0.86
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.24	0.17	0.33	0.32	0.16	0.18	0.00	0.06	0.04	0.05
Net Debt to NOPAT	-1.76	-1.84	-1.81	-0.60	-0.55	-0.38	-0.82	-1.65	-1.42	-1.20
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	2.53%	2.39%	8.25%	24.54%	27.75%	21.15%	24.56%	23.15%	21.84%	16.36%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	51	69	20	85	222	125	117	55	65	64
Operating Cash Flow to CapEx	3,699.88%	1,128.92%	1,981.89%	2,092.16%	5,139.72%	3,564.59%	9,013.02%	1,460.57%	301.76%	829.88%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.11	1.12	1.02	0.82	0.98	1.13	1.43	0.93	0.70	0.69
Fixed Asset Turnover	31.09	27.69	24.56	25.17	32.53	37.10	62.52	61.24	13.16	7.91
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	260	282	353	369	290	238	345	436	498	582
Invested Capital Turnover	1.30	1.31	1.20	1.02	1.31	1.60	2.07	1.39	1.06	0.99
Increase / (Decrease) in Invested Capital	21	22	70	16	-79	-52	107	90	62	84
Enterprise Value (EV)	787	880	1,447	1,320	2,456	3,121	3,941	2,791	3,544	4,555
Market Capitalization	901	1,047	1,564	1,266	2,481	3,098	4,036	2,941	3,615	4,669
Book Value per Share	$5.10	$5.79	$5.95	$4.76	$4.52	$3.65	$5.29	$6.93	$7.76	$10.12
Tangible Book Value per Share	$4.67	$5.38	$5.51	$4.34	$4.11	$3.22	$4.88	$6.54	$7.36	$9.75
Total Capital	260	282	353	369	290	238	345	436	498	582
Total Debt	17	16	29	32	23	13	0.93	8.59	5.32	6.71
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-125	-167	-164	-60	-79	-28	-183	-239	-182	-176
Capital Expenditures (CapEx)	2.43	10	3.24	3.47	2.75	2.50	2.70	4.22	57	12
Net Nonoperating Expense (NNE)	6.94	-1.88	-2.10	-8.38	-4.50	-1.97	-2.24	-4.60	-8.70	-16
Net Nonoperating Obligations (NNO)	17	16	29	32	23	13	0.93	8.59	5.32	6.71
Total Depreciation and Amortization (D&A)	6.21	7.61	15	15	15	16	16	17	18	16
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.42	$2.02	$1.98	$2.43	$2.85	$1.60	$4.38	$3.51	$2.62	$3.00
Adjusted Weighted Average Basic Shares Outstanding	45.43M	45.95M	46.35M	46.79M	47.27M	47.80M	48.32M	48.78M	49.31M	50.41M
Adjusted Diluted Earnings per Share	$1.41	$2.00	$1.96	$2.40	$2.79	$1.57	$4.31	$3.47	$2.60	$2.97
Adjusted Weighted Average Diluted Shares Outstanding	45.90M	46.43M	46.98M	47.38M	48.30M	48.68M	49.09M	49.30M	49.55M	50.94M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	45.82M	46.29M	46.74M	47.22M	47.76M	48.23M	48.67M	49.10M	49.52M	50.97M
Normalized Net Operating Profit after Tax (NOPAT)	71	91	90	101	142	73	224	145	128	147
Normalized NOPAT Margin	21.86%	25.51%	23.74%	27.57%	32.94%	17.29%	37.16%	26.74%	25.90%	27.56%
Pre Tax Income Margin	34.58%	40.23%	42.13%	39.19%	43.36%	22.06%	46.79%	36.34%	36.49%	39.24%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	105.97%	76.31%	106.30%	163.33%	110.70%	162.96%	65.25%	71.81%	82.31%	73.21%
Augmented Payout Ratio	135.86%	84.97%	116.18%	173.00%	117.78%	197.47%	75.24%	89.75%	98.08%	86.18%

This table displays calculated financial ratios and metrics derived from Cohen & Steers' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	6/30/2024	9/30/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	-12.84%	-21.23%	-20.27%	1.79%	-15.18%	3.36%	-1.06%	33.86%	11.58%
EBITDA Growth	-22.82%	-36.89%	-15.02%	26.83%	-58.71%	22.80%	-16.53%	189.89%	17.18%
EBIT Growth	-24.41%	-39.81%	-18.27%	27.07%	-39.89%	5.54%	-11.68%	107.20%	18.19%
NOPAT Growth	-26.66%	-44.09%	-23.64%	30.72%	-40.96%	13.35%	-13.23%	140.51%	27.19%
Net Income Growth	-22.91%	-47.26%	-22.51%	24.31%	-36.46%	20.71%	-7.47%	119.65%	25.79%
EPS Growth	-14.29%	-49.62%	-16.47%	-39.62%	-27.78%	-4.55%	-1.56%	18.46%	13.24%
Operating Cash Flow Growth	-35.24%	-19.33%	85.94%	-6.93%	42.45%	0.94%	0.00%	-65.68%	-2,340.35%
Free Cash Flow Firm Growth	-1,920.71%	-37.46%	121.52%	147.58%	-129.10%	64.62%	-256.88%	87.17%	-214.49%
Invested Capital Growth	14.35%	26.15%	-1.81%	-8.57%	13.30%	14.34%	31.56%	12.28%	0.00%
Revenue Q/Q Growth	12.77%	-2.15%	-4.10%	-2.19%	-6.04%	19.25%	0.00%	27.13%	0.00%
EBITDA Q/Q Growth	51.76%	4.06%	-13.62%	1.62%	-50.59%	209.49%	0.00%	71.58%	0.00%
EBIT Q/Q Growth	58.11%	2.60%	-15.21%	-0.13%	-25.20%	80.13%	0.00%	75.48%	0.00%
NOPAT Q/Q Growth	56.16%	6.33%	-11.06%	-1.74%	-29.47%	104.12%	0.00%	95.50%	0.00%
Net Income Q/Q Growth	51.49%	-6.90%	-1.58%	-5.55%	-22.57%	76.89%	0.00%	83.80%	0.00%
EPS Q/Q Growth	-15.09%	-26.67%	7.58%	-5.88%	1.56%	-3.08%	0.00%	22.22%	0.00%
Operating Cash Flow Q/Q Growth	-9.12%	10.71%	-125.79%	1,003.87%	39.10%	-21.55%	0.00%	0.00%	-412.83%
Free Cash Flow Firm Q/Q Growth	90.79%	-264.36%	186.13%	78.54%	-144.36%	43.72%	0.00%	96.37%	0.00%
Invested Capital Q/Q Growth	-16.80%	7.51%	15.67%	-11.63%	3.11%	8.49%	0.00%	-12.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-
EBITDA Margin	41.34%	43.96%	39.60%	38.27%	20.12%	52.23%	32.29%	43.58%	38.69%
EBIT Margin	38.25%	40.10%	35.45%	34.05%	27.11%	40.94%	30.40%	41.96%	35.32%
Profit (Net Income) Margin	29.56%	28.12%	28.86%	26.87%	22.14%	32.84%	25.13%	36.33%	31.36%
Tax Burden Percent	71.76%	74.36%	78.01%	74.74%	70.48%	79.86%	73.43%	81.81%	81.75%
Interest Burden Percent	107.70%	94.31%	104.35%	105.57%	115.89%	100.43%	112.57%	105.84%	108.61%
Effective Tax Rate	28.24%	25.64%	21.99%	25.26%	29.52%	20.14%	26.57%	18.19%	18.25%
Return on Invested Capital (ROIC)	41.71%	41.38%	27.73%	27.84%	21.74%	34.60%	0.00%	0.00%	48.53%
ROIC Less NNEP Spread (ROIC-NNEP)	57.59%	-5.44%	30.70%	54.71%	68.80%	37.35%	0.00%	0.00%	110.23%
Return on Net Nonoperating Assets (RNNOA)	2.84%	-0.07%	3.42%	0.76%	1.19%	0.56%	0.00%	0.00%	1.91%
Return on Equity (ROE)	44.55%	41.32%	31.16%	28.60%	22.92%	35.17%	0.00%	0.00%	50.45%
Cash Return on Invested Capital (CROIC)	32.84%	13.99%	28.21%	38.57%	16.75%	14.03%	0.00%	0.00%	-152.28%
Operating Return on Assets (OROA)	45.28%	37.26%	28.60%	28.88%	22.58%	28.69%	0.00%	0.00%	23.20%
Return on Assets (ROA)	34.99%	26.13%	23.28%	22.79%	18.44%	23.01%	0.00%	0.00%	20.60%
Return on Common Equity (ROCE)	35.71%	31.75%	21.60%	19.99%	18.41%	27.49%	0.00%	0.00%	39.93%
Return on Equity Simple (ROE_SIMPLE)	57.83%	0.00%	36.67%	40.61%	35.69%	0.00%	0.00%	0.00%	33.81%
Net Operating Profit after Tax (NOPAT)	37	39	35	31	22	44	27	52	40
NOPAT Margin	27.44%	29.82%	27.66%	25.45%	19.10%	32.70%	22.32%	34.32%	28.88%
Net Nonoperating Expense Percent (NNEP)	-15.87%	46.83%	-2.97%	-26.86%	-47.06%	-2.75%	-268.92%	-110.40%	-61.69%
SG&A Expenses to Revenue	38.55%	37.03%	38.85%	40.41%	46.47%	34.27%	44.36%	37.05%	39.53%
Operating Expenses to Revenue	61.75%	59.90%	64.55%	65.95%	72.89%	59.06%	69.60%	58.04%	64.68%
Earnings before Interest and Taxes (EBIT)	51	53	45	41	31	56	36	64	49
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	55	58	50	46	23	71	39	66	53
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.93	8.71	7.81	7.73	8.12	9.48	7.86	9.88	8.06
Price to Tangible Book Value (P/TBV)	9.48	9.23	8.23	8.18	8.56	9.99	8.20	10.29	8.37
Price to Revenue (P/Rev)	4.88	5.43	5.81	5.35	6.06	7.32	0.00	0.00	7.46
Price to Earnings (P/E)	13.88	17.19	18.02	19.11	22.60	28.01	0.00	0.00	26.05
Dividend Yield	3.63%	4.55%	4.59%	5.02%	4.64%	3.10%	3.22%	2.44%	2.98%
Earnings Yield	7.20%	5.82%	5.55%	5.23%	4.42%	3.57%	0.00%	0.00%	3.84%
Enterprise Value to Invested Capital (EV/IC)	6.78	6.41	5.93	5.94	6.40	7.12	6.22	9.25	6.39
Enterprise Value to Revenue (EV/Rev)	4.76	5.15	5.86	5.18	5.97	7.18	0.00	0.00	7.60
Enterprise Value to EBITDA (EV/EBITDA)	11.35	13.41	14.98	12.84	16.62	19.01	0.00	0.00	19.57
Enterprise Value to EBIT (EV/EBIT)	12.17	14.63	16.51	14.19	17.36	21.00	0.00	0.00	21.17
Enterprise Value to NOPAT (EV/NOPAT)	15.64	19.27	22.26	19.15	23.25	27.71	0.00	0.00	26.79
Enterprise Value to Operating Cash Flow (EV/OCF)	36.32	45.25	19.50	17.72	17.13	20.61	21.49	39.59	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	22.02	51.12	20.82	14.71	40.57	54.13	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.03	0.02	0.06	0.00	0.01	0.01	0.00	0.01	0.02
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.05	0.01	0.11	0.01	0.02	0.02	0.00	0.01	0.02
Leverage Ratio	1.35	1.51	1.38	1.31	1.39	1.53	1.37	1.45	1.30
Compound Leverage Factor	1.45	1.43	1.44	1.38	1.61	1.54	1.54	1.53	1.41
Debt to Total Capital	2.95%	1.97%	5.74%	0.28%	0.59%	1.07%	0.21%	0.55%	1.71%
Short-Term Debt to Total Capital	2.95%	1.97%	5.74%	0.28%	0.59%	1.07%	0.21%	0.55%	1.71%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	19.14%	20.52%	19.03%	20.39%	19.54%	22.38%	20.70%	4.18%	20.49%
Common Equity to Total Capital	77.91%	77.50%	75.22%	79.33%	79.87%	76.56%	79.09%	95.27%	77.81%
Debt to EBITDA	0.05	0.04	0.15	0.01	0.02	0.03	0.00	0.00	0.05
Net Debt to EBITDA	-0.62	-1.15	-0.35	-0.86	-0.74	-0.98	0.00	0.00	-0.25
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.07	0.06	0.22	0.01	0.02	0.04	0.00	0.00	0.07
Net Debt to NOPAT	-0.85	-1.65	-0.53	-1.28	-1.03	-1.42	0.00	0.00	-0.35
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	19.84%	23.15%	30.67%	30.11%	19.69%	21.84%	0.00%	0.00%	20.84%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-14	-51	44	73	-32	-18	-114	-4.13	-613
Operating Cash Flow to CapEx	3,781.89%	4,551.61%	-326.34%	345.33%	287.10%	540.03%	0.00%	1,819.96%	-10,134.70%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	1.18	0.93	0.81	0.85	0.83	0.70	0.00	0.00	0.66
Fixed Asset Turnover	65.30	61.24	13.24	22.81	16.14	13.16	0.00	0.00	8.12
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	405	436	504	445	459	498	586	515	652
Invested Capital Turnover	1.52	1.39	1.00	1.09	1.14	1.06	0.00	0.00	1.68
Increase / (Decrease) in Invested Capital	51	90	-9.28	-42	54	62	140	56	652
Enterprise Value (EV)	2,745	2,791	2,986	2,643	2,936	3,544	3,642	4,768	4,170
Market Capitalization	2,818	2,941	2,961	2,730	2,977	3,615	3,641	4,850	4,090
Book Value per Share	$6.48	$6.93	$7.72	$7.19	$7.46	$7.76	$9.16	$9.71	$9.96
Tangible Book Value per Share	$6.11	$6.54	$7.33	$6.80	$7.08	$7.36	$8.79	$9.33	$9.58
Total Capital	405	436	504	445	459	498	586	515	652
Total Debt	12	8.59	29	1.26	2.71	5.32	1.24	2.82	11
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-150	-239	-71	-177	-130	-182	-121	-104	-54
Capital Expenditures (CapEx)	1.39	1.28	4.59	16	26	11	0.00	1.41	1.08
Net Nonoperating Expense (NNE)	-2.83	2.23	-1.51	-1.71	-3.45	-0.19	-3.36	-3.05	-3.43
Net Nonoperating Obligations (NNO)	12	8.59	29	1.26	2.71	5.32	1.24	2.82	11
Total Depreciation and Amortization (D&A)	4.15	5.07	5.21	5.11	-7.94	15	2.27	2.47	4.65
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.91	$0.68	$0.72	$0.64	$0.65	$0.64	$0.63	$0.78	$0.78
Adjusted Weighted Average Basic Shares Outstanding	48.82M	48.78M	49.20M	49.32M	49.35M	49.31M	50.42M	50.78M	51.06M
Adjusted Diluted Earnings per Share	$0.90	$0.66	$0.71	$0.64	$0.65	$0.63	$0.63	$0.77	$0.77
Adjusted Weighted Average Diluted Shares Outstanding	49.32M	49.30M	49.40M	49.46M	49.62M	49.55M	50.77M	51.43M	51.42M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	48.71M	49.10M	50.54M	49.13M	49.14M	49.52M	50.55M	50.56M	50.98M
Normalized Net Operating Profit after Tax (NOPAT)	37	39	35	31	22	44	27	52	40
Normalized NOPAT Margin	27.44%	29.82%	27.66%	25.45%	19.10%	32.70%	22.32%	34.32%	28.88%
Pre Tax Income Margin	41.19%	37.82%	37.00%	35.95%	31.41%	41.12%	34.22%	44.41%	38.36%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	89.21%	71.81%	78.18%	76.62%	84.98%	82.31%	0.00%	0.00%	70.83%
Augmented Payout Ratio	104.05%	89.75%	93.77%	91.74%	101.51%	98.08%	0.00%	0.00%	86.98%

Financials Breakdown Chart

Key Financial Trends

Cohen & Steers, Inc. (NYSE: CNS) demonstrated steady financial performance over the recent quarters and years, with a few notable trends:

Q1 2025 net income attributable to common shareholders was $39.8 million, with diluted EPS at $0.77, consistent with recent quarters.
Total revenue remained robust at $138 million in Q1 2025, driven mainly by other non-interest income of $134.5 million.
The company maintained positive operating cash flow in several recent quarters, such as Q4 2024 with $34.8 million net cash from operating activities.
CNS shows stable dividend payouts, with a quarterly common dividend per share of $0.62 for Q1 2025, slightly increasing from $0.59 in recent quarters.
Total assets increased from $506 million in Q3 2022 to $835 million by Q1 2025, indicating growth in the balance sheet size, including a large increase in trading account securities.
Fluctuations in net realized and unrealized capital gains on investments have been notable, with volatile gains/losses from negative $10 million in some quarters (Q3 2023) to positive $18.9 million in others (Q3 2024).
The company’s total non-interest expense has been slowly increasing, now at $89.3 million in Q1 2025 compared to $78.6 million in Q4 2022.
Cash and equivalents fluctuate due to investment activities, dropping to around $65 million in Q1 2025 from higher levels in prior years, impacted by large swings in purchases and sales of investment securities.
Negative net cash from continuing operating activities in Q1 2025 (-$109 million) primarily driven by significant changes in operating assets and liabilities, signaling possible working capital or investment timing issues.
Repurchase of common equity increased notably, with $25.98 million repurchased in Q1 2025 compared to less than $2 million in prior quarters, potentially indicating capital return strategies but also reduction in cash reserves.

Summary: Cohen & Steers has maintained solid profitability and dividends while steadily growing its assets, particularly trading securities. However, the recent negative operating cash flow in Q1 2025 and increased equity repurchases represent areas to watch for cash management and shareholder capital allocation. The volatility in net realized/unrealized gains and rising expenses should be monitored, but the company continues to deliver relatively steady earnings and shareholder returns.

10/09/25 05:05 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Cohen & Steers' Financials

When does Cohen & Steers' financial year end?

According to the most recent income statement we have on file, Cohen & Steers' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Cohen & Steers' net income changed over the last 9 years?

Cohen & Steers' net income appears to be on an upward trend, with a most recent value of $162.79 million in 2024, rising from $64.34 million in 2015. The previous period was $136.61 million in 2023. View Cohen & Steers' forecast to see where analysts expect Cohen & Steers to go next.

How has Cohen & Steers' revenue changed over the last 9 years?

Over the last 9 years, Cohen & Steers' total revenue changed from $326.01 million in 2015 to $534.00 million in 2024, a change of 63.8%.

How much debt does Cohen & Steers have?

Cohen & Steers' total liabilities were at $237.46 million at the end of 2024, a 2.6% decrease from 2023, and a 281.7% increase since 2015.

How much cash does Cohen & Steers have?

In the past 9 years, Cohen & Steers' cash and equivalents has ranged from $41.23 million in 2020 to $247.42 million in 2022, and is currently $182.97 million as of their latest financial filing in 2024.

How has Cohen & Steers' book value per share changed over the last 9 years?

Over the last 9 years, Cohen & Steers' book value per share changed from 5.10 in 2015 to 10.12 in 2024, a change of 98.4%.

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This page (NYSE:CNS) was last updated on 10/9/2025 by MarketBeat.com Staff

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Cohen & Steers (CNS) Financials

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Cohen & Steers (CNS) Financials

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