CNSNYSEInvestment AdviceFiscal year ends December 31
COHEN & STEERS, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$68.40−1.23 (-1.77%)
Close on Oct 19, 2026
- Market cap
- $3.55B
- P/E (TTM)
- 21.0
- Dividend yield
- 3.63%
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
32.0%+9.7 pts over 5 years
Net margin
27.6%+9.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +7.5% | -0.6% | +5.4% | +5.4% | |
| Operating income | +2.8% | -6.3% | +13.3% | +3.4% | |
| Net income | +1.3% | -3.6% | +14.9% | +9.0% | |
| EPS, diluted | 0.0% | -5.1% | +13.6% | +7.7% | |
| Dividend per share | +5.1% | +4.1% | -0.6% | +5.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 37.4% | 39.5% | 28.5% | |
| Return on assets | 29.1% | 20.4% | 18.1% | |
| Capex to revenue | 2.9% | 0.6% | 1.1% | |
| Diluted shares | 46M | 49M | 52M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Cohen & Steers generated $693.68M from operations and spent $815.46M on capital expenditure, dividends and share buybacks. 10% of that went back into the business.
Generated
$693.68M
Used
$815.46M
Capital expenditure$81.53M10%Dividends$613.46M75%Share buybacks$120.47M15%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin27.6%
×Asset turnover0.66×
×Equity multiplier1.57×
=Return on equity, FY202528.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 27.6% | 0.66× | 1.57× | 28.5% |
| FY2024 | 29.2% | 0.67× | 1.73× | 33.9% |
| FY2023 | 26.4% | 0.69× | 1.96× | 35.9% |
| FY2022 | 30.2% | 0.97× | 1.97× | 57.7% |
| FY2021 | 36.2% | 1.39× | 1.96× | 98.5% |
| FY2020 | 17.9% | 1.14× | 1.94× | 39.5% |
| FY2019 | 32.8% | 0.93× | 2.02× | 61.7% |
| FY2018 | 29.9% | 0.86× | 1.79× | 45.7% |
| FY2017 | 24.3% | 1.02× | 1.37× | 34.0% |
| FY2016 | 26.4% | 1.10× | 1.28× | 37.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
1of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$153.22M
- Cash generatingOperating cash flow above zero-$120.44M
- Return on assets improvedROA up on the prior year20.5% → 18.9%
- Earnings backed by cashOperating cash flow above net income-$120.44M vs $153.22M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise51M → 52M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.70 → 0.68