COHEN & STEERS, INC. CNS
Cohen & Steers, founded in 1986, is a global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore, we serve institutional and individual investors around the world.
Cohen & Steers, Inc. (CNS) was organized as a Delaware corporation on March 17, 2004. CNS is the holding company for its direct and indirect subsidiaries, including Cohen & Steers Capital Management, Inc. (CSCM), Cohen & Steers Securities, LLC (CSS), Cohen & Steers UK Limited (CSUK), Cohen & Steers Ireland Limited (CSIL), Cohen & Steers Asia Limited (CSAL), Cohen & Steers Japan Limited (CSJL) and Cohen & Steers Singapore Private Limited (CSSG). CNS and its subsidiaries are collectively referred to as the Company, we, us or our.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $556.1M | $517.4M | $489.6M | $566.9M | $583.8M | $427.5M | $410.8M | $381.1M | $378.7M | $351.5M |
| SG&A | $71.2M | $60.1M | $66.7M | $54.8M | $48.0M | $56.3M | $47.6M | $48.3M | $42.2M | $43.0M |
| Total operating expenses | $378.4M | $344.5M | $325.2M | $351.0M | $323.5M | $332.5M | $250.7M | $234.1M | $223.9M | $216.0M |
| Operating income | $177.7M | $172.9M | $164.5M | $215.9M | $260.4M | $95.1M | $160.1M | $147.0M | $154.7M | $135.5M |
| Pre-tax income | $204.6M | $209.5M | $180.3M | $196.9M | $281.9M | $93.4M | $187.5M | $143.8M | $160.4M | $143.4M |
| Income tax | — | $46.7M | $43.6M | $47.4M | $55.8M | $18.2M | $40.6M | $34.3M | $67.9M | $50.6M |
| Net income | $153.2M | $151.3M | $129.0M | $171.0M | $211.4M | $76.6M | $134.6M | $113.9M | $91.9M | $92.9M |
| EPS, basic | 2.99 | 3.00 | 2.62 | 3.51 | 4.38 | 1.60 | 2.85 | 2.43 | 1.98 | 2.02 |
| EPS, diluted | 2.97 | 2.97 | 2.60 | 3.47 | 4.31 | 1.57 | 2.79 | 2.40 | 1.96 | 2.00 |
| Shares, diluted (wtd. avg.) | 51.5M | 50.9M | 49.6M | 49.3M | 49.1M | 48.7M | 48.3M | 47.4M | 47.0M | 46.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $145.5M | $183.0M | $187.4M | $248.7M | $185.4M | $41.2M | $101.4M | $92.7M | $193.5M | $183.2M |
| Receivables | $79.8M | $74.4M | — | — | — | — | — | — | — | — |
| Property, plant and equipment | $65.1M | $68.6M | $66.3M | $8.8M | $8.9M | $10.3M | $12.5M | $14.1M | $15.0M | $16.0M |
| Goodwill | $18.8M | $17.5M | $18.1M | $17.8M | $18.4M | $19.2M | $18.3M | $18.5M | $19.0M | $17.7M |
| Other intangibles | — | — | — | — | — | — | $0 | $1.2M | $1.3M | $1.4M |
| Total assets | $876.7M | $812.4M | $736.6M | $673.4M | $492.7M | $348.5M | $402.4M | $481.0M | $410.1M | $333.7M |
| Total liabilities | $242.8M | $237.5M | $243.9M | $246.4M | $148.4M | $123.5M | $135.3M | $144.2M | $86.8M | $67.1M |
| Retained earnings | -$105.8M | -$129.3M | -$158.2M | -$171.4M | -$232.0M | -$291.5M | -$242.5M | -$208.4M | -$138.0M | -$128.0M |
| Total equity | $562.0M | $511.7M | $381.2M | $337.6M | $255.2M | $174.2M | $213.7M | $222.6M | $275.5M | $265.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$120.4M | $96.7M | $172.0M | $61.7M | $242.9M | $89.2M | $141.4M | $72.6M | $64.3M | $115.0M |
| Depreciation and amortisation | $9.8M | $9.3M | $4.1M | $4.4M | $4.1M | $4.7M | $4.4M | $4.5M | $4.3M | $4.2M |
| Stock-based compensation | $46.0M | $52.3M | $44.5M | $49.4M | $40.5M | $29.3M | $27.8M | $24.6M | $22.4M | $22.1M |
| Capital expenditure | $6.0M | $11.7M | $57.0M | $4.2M | $2.7M | $2.5M | $2.8M | $3.5M | $3.2M | $10.2M |
| Investing cash flow | $8.4M | -$119.7M | -$114.8M | -$2.9M | $47.6M | -$1.8M | $35.9M | -$53.2M | $5.7M | $2.9M |
| Financing cash flow | $73.8M | $18.2M | -$119.1M | $9.0M | -$145.4M | -$148.9M | -$170.1M | -$118.1M | -$60.4M | -$74.5M |
| Dividends paid | $126.9M | $119.2M | $112.4M | $107.4M | $147.6M | $122.5M | $162.7M | $178.9M | $98.3M | $70.8M |
| Buybacks | $28.4M | $21.1M | $21.5M | $26.8M | $22.6M | $25.9M | $10.4M | $10.6M | $9.1M | $8.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001284812-26-000011.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $351.5M | $378.7M | $381.1M | $410.8M | $427.5M | $583.8M | $566.9M | $489.6M | $517.4M | $556.1M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $92.9M | $91.9M | $113.9M | $134.6M | $76.6M | $211.4M | $171.0M | $129.0M | $151.3M | $153.2M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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