Cohen & Steers Inc. (CNS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.86	$0.85	-1.2%	—	—	—
Q1 26	$0.82	$0.79	-3.7%	—	$150.9M	—
Q4 25	$0.81	$0.81	0.0%	—	$149M	—
Q2 25	$0.76	$0.73	-3.9%	—	$142.4M	—
Q1 25	$0.72	$0.75	+4.2%	—	$139.8M	—
Q4 24	$0.74	$0.78	+5.4%	—	$144.7M	—
Q3 24	$0.74	$0.77	+4.1%	—	$138.6M	—
Q2 24	$0.67	$0.68	+1.5%	—	$126.8M	—
Q1 24	$0.73	$0.7	-4.1%	—	$126.6M	—
Q4 23	$0.62	$0.67	+8.1%	—	$123.4M	—
Q3 23	$0.76	$0.7	-7.9%	—	$127.5M	—
Q2 23	$0.73	$0.7	-4.1%	—	$124.1M	—
Q1 23	$0.68	$0.76	+11.8%	—	$129.3M	—
Q4 22	$0.76	$0.79	+3.9%	—	$127.8M	—
Q3 22	$0.86	$0.92	+7.0%	—	$141.5M	—
Q2 22	$0.95	$0.96	+1.1%	—	$149.3M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.99	—	—	$578.1M	—
FY24	—	$3	—	—	$536.8M	—
FY23	—	$2.62	—	—	$504.3M	—
FY22	—	$3.51	—	—	$573.7M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$353.6M	$383M	$391.5M	$417.5M	$430.9M	$586.7M	$573.7M	$504.3M	$536.8M	$578.1M
YoY change	+7.07%	+8.32%	+2.22%	+6.64%	+3.2%	+36.2%	-2.21%	-12.1%	+6.45%	+7.71%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	353.6M	383M	391.5M	417.5M	430.9M	586.7M	573.7M	504.3M	536.8M	578.1M
Cost of revenue	168.8M	177.4M	181.3M	198.7M	271.5M	271.3M	291.8M	254.4M	275.1M	297.4M
Gross profit	184.9M	205.6M	210.2M	218.9M	159.4M	315.4M	282M	249.9M	261.6M	280.8M
Gross margin	52.3%	53.7%	53.7%	52.4%	37%	53.8%	49.1%	49.6%	48.7%	48.6%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	43M	42.2M	48.3M	47.6M	56.3M	48M	54.8M	66.7M	60.1M	71.2M
Operating expenses	43M	42.2M	48.3M	47.6M	56.3M	48M	54.8M	66.7M	60.1M	71.2M
Operating income	137.6M	159.1M	157.5M	166.8M	98.4M	263.2M	222.8M	179.1M	192.2M	199.7M
Operating margin	38.9%	41.5%	40.2%	40%	22.8%	44.9%	38.8%	35.5%	35.8%	34.6%
Non-operating income, net	5.8M	1.3M	-13.7M	20.7M	-5M	18.7M	-25.9M	1.2M	17.3M	4.9M
Pretax income	143.4M	160.4M	143.8M	187.5M	93.4M	281.9M	196.9M	180.3M	209.5M	204.6M
Income tax	50.6M	67.9M	34.3M	40.6M	18.2M	55.8M	47.4M	43.6M	46.7M	47.2M
Net income	92.8M	92.5M	109.5M	147M	75.2M	226.2M	149.5M	136.6M	162.8M	157.4M
Net margin	26.2%	24.1%	28%	35.2%	17.4%	38.5%	26.1%	27.1%	30.3%	27.2%
EBITDA	136.1M	169.4M	185M	161.2M	119.7M	260.6M	266.1M	197.6M	186.1M	206.6M
EPS	2.02	1.98	2.43	2.85	1.6	4.38	3.51	2.62	3	2.99
Diluted EPS	2	1.96	2.4	2.79	1.57	4.31	3.47	2.6	2.97	2.97

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	127.5M	123.4M	126.6M	126.8M	138.6M	144.7M	139.8M	142.4M	146.8M	149M	150.9M	—
Cost of revenue	66.5M	62.5M	65.4M	66.4M	71.1M	72.2M	69.7M	72.3M	73.5M	81.7M	74M	—
Gross profit	61M	60.9M	61.2M	60.4M	67.5M	72.5M	70.1M	70.1M	73.3M	67.3M	76.9M	—
Gross margin	47.8%	49.3%	48.4%	47.7%	48.7%	50.1%	50.1%	49.2%	49.9%	45.1%	51%	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	15.5M	17.3M	14.8M	14.7M	14.9M	15.8M	17.2M	18.1M	16.8M	19.2M	18.9M	—
Operating expenses	15.5M	17.3M	14.8M	14.7M	14.9M	15.8M	17.2M	18.1M	16.8M	19.2M	18.9M	—
Operating income	44.6M	42.1M	44.2M	43.5M	50.3M	54.3M	50.6M	49.6M	54M	45.5M	55.4M	—
Operating margin	35%	34.1%	34.9%	34.3%	36.3%	37.5%	36.2%	34.9%	36.8%	30.6%	36.7%	—
Non-operating income, net	-8.9M	12.4M	1.1M	-2.5M	17.3M	1.4M	2.4M	4.2M	1.6M	-3.2M	1.8M	—
Pretax income	35.7M	54.5M	45.3M	41M	67.6M	55.7M	53M	53.8M	55.6M	42.3M	57.2M	—
Income tax	10.5M	11.9M	10.9M	10.9M	12.3M	12.7M	9.7M	12.1M	13.9M	11.6M	16M	—
Net income	25.2M	42.6M	34.4M	30.1M	55.3M	43M	43.3M	41.8M	41.6M	30.7M	41.2M	—
Net margin	19.7%	34.6%	27.2%	23.7%	39.9%	29.7%	31%	29.3%	28.4%	20.6%	27.3%	—
EBITDA	54.4M	35M	47.8M	50.2M	35.8M	55.7M	51M	48.3M	55.5M	51.8M	56.8M	—
EPS	0.65	0.6	0.69	0.63	0.78	0.9	0.78	0.72	0.81	0.68	0.82	0.96
Diluted EPS	0.65	0.6	0.68	0.63	0.77	0.89	0.77	0.72	0.81	0.68	0.82	0.95

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.5B	2.2B	1.6B	3B	3.6B	4.5B	3.1B	3.7B	4.7B	3.2B	4.3B
Enterprise value	1.3B	1.9B	1.5B	2.9B	3.5B	4.3B	3B	3.6B	4.5B	3B	4.3B
Shares outstanding	46M	46.4M	46.8M	47.3M	47.8M	48.3M	48.8M	49.3M	50.4M	51.2M	51.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	16.6	23.7	14.7	20.2	47.2	19.8	21.1	27.3	28.6	20.4	26
P/S	4.37	5.72	4.1	7.11	8.24	7.62	5.49	7.41	8.67	5.56	7.41
P/B	5.79	6.78	4.77	11.1	15.8	13	7.38	7.58	8.1	5.07	7.34
EV/EBITDA	9.64	11.2	7.89	18	29.5	16.4	11.4	18.3	24.1	14.7	21.2
EV/Sales	3.71	4.95	3.73	6.93	8.18	7.31	5.27	7.16	8.36	5.26	7.38
Earnings yield	6.01%	4.22%	6.82%	4.95%	2.12%	5.06%	4.75%	3.66%	3.5%	4.9%	3.84%
FCF yield	6.79%	2.78%	4.3%	4.67%	2.44%	5.37%	1.82%	3.08%	1.83%	-3.94%	3.61%
PEG	—	—	—	—	—	—	—	—	—	—	0.78

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	52.3%	53.7%	53.7%	52.4%	37%	53.8%	49.1%	49.6%	48.7%	48.6%	48.8%
Operating margin	38.9%	41.5%	40.2%	40%	22.8%	44.9%	38.8%	35.5%	35.8%	34.6%	34.6%
Net margin	26.2%	24.1%	28%	35.2%	17.4%	38.5%	26.1%	27.1%	30.3%	27.2%	28.8%
ROE	34.8%	28.6%	32.5%	55%	33.4%	65.7%	35%	27.7%	28.3%	24.8%	27.3%
ROA	27.8%	22.6%	22.8%	36.5%	21.6%	45.9%	22.2%	18.5%	20%	18%	14.5%
ROIC	252%	328.2%	63.1%	67.4%	39.6%	131.3%	55.8%	36.9%	36.8%	33.3%	27.6%
Return on tangible assets	31.4%	25%	24.8%	40.5%	24.4%	49.9%	23.5%	19.6%	21%	18.8%	18.6%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	17.6	12.1	8.23	5.93	5.55	8.77	19.5	21.9	25.4	37.1	6.64
Quick ratio	17.6	12.1	8.23	5.93	5.55	8.77	19.5	21.9	25.4	37.1	23.9
Debt / equity	—	—	0.16	0.16	0.16	0.07	0.33	0.29	0.25	0.22	0.19
Debt / assets	—	—	0.11	0.11	0.1	0.05	0.21	0.19	0.17	0.16	0.16
Net debt / EBITDA	—	—	-0.79	-0.45	-0.21	-0.7	-0.47	-0.63	-0.91	-0.84	-0.55
Effective tax rate	35.3%	42.3%	23.8%	21.6%	19.5%	19.8%	24.1%	24.2%	22.3%	23.1%	25.6%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	7.7	8.26	8.37	8.83	9.01	12.1	11.8	10.2	10.6	11.3	11.4
EPS (basic)	2.02	1.98	2.43	2.85	1.6	4.38	3.51	2.62	3	2.99	2.99
EPS (diluted)	2	1.96	2.4	2.79	1.57	4.31	3.47	2.6	2.97	2.97	3.23
Book value per share	5.8	6.98	7.2	5.65	4.71	7.13	8.75	9.99	11.4	12.4	11.5
FCF per share	2.28	1.32	1.48	2.93	1.81	4.97	1.18	2.33	1.69	-2.47	-1.31
Cash per share	5.03	6.37	4.3	2.46	1.25	4.31	5.39	5.38	6.15	6.08	5.5
Capex per share	0.22	0.07	0.07	0.06	0.05	0.06	0.09	1.16	0.23	—	0.1

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.88%	0.85%	0.89%	0.66%	0.58%	0.46%	0.74%	11.3%	2.17%	—	0.85%
Capex / operating cash flow	9.3%	6.99%	6.26%	1.77%	2.74%	1.21%	8.64%	29.8%	13.7%	—	-8.42%
Payout ratio	76.3%	106.3%	163.3%	110.7%	163%	65.2%	71.8%	82.3%	73.2%	80.6%	79.4%
Dividend yield	4.59%	4.49%	11.1%	5.48%	3.45%	3.3%	3.41%	3.01%	2.56%	3.95%	3.17%

Yield

3.17%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.67

ex-dividend Aug 10, 2026

Payout ratio

79%

of earnings

Dividend growth

8 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 10, 2026	$0.67
May 11, 2026	$0.67
Mar 9, 2026	$0.67

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$127.5M	$123.4M	$126.6M	$126.8M	$138.6M	$144.7M	$139.8M	$142.4M	$146.8M	$149M	$150.9M	—
YoY change	-9.89%	-3.46%	-2.06%	+2.19%	+8.72%	+17.3%	+10.4%	+12.4%	+5.92%	+2.96%	+7.94%	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	231.3M	295.4M	201.1M	116.3M	59.9M	208.1M	262.7M	265.4M	309.9M	310.9M
Receivables	46.3M	53.9M	50.4M	59.1M	69.7M	84.1M	66.7M	68.9M	74.4M	79.8M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	279.2M	355.7M	265.7M	177.2M	116M	295.7M	331.5M	339M	385.8M	392.5M
Property, plant & equipment	16M	15M	62.6M	50.9M	41.5M	30.9M	145.2M	169.6M	167.8M	162.4M
Goodwill & intangibles	38.2M	40.8M	39.5M	39.1M	41M	39.4M	38.1M	38.8M	37.5M	40.1M
Total assets	333.7M	410.1M	481M	402.4M	348.5M	492.7M	673.4M	736.6M	812.4M	876.7M
Accounts payable	6.5M	6.2M	8.5M	7.3M	7.7M	10.2M	8.4M	10.1M	8.5M	8.6M
Short-term debt	—	—	—	—	—	—	—	—	—	—
Total current liabilities	15.8M	29.4M	32.3M	29.9M	20.9M	33.7M	17M	15.5M	15.2M	10.6M
Long-term debt	—	—	54.3M	43.3M	34.9M	24.5M	138.8M	140.4M	141.1M	138.3M
Total liabilities	67.1M	86.8M	144.2M	135.3M	123.5M	148.4M	246.4M	243.9M	237.5M	242.8M
Shareholders' equity	266.7M	323.3M	336.8M	267.1M	224.9M	344.3M	426.9M	492.6M	574.9M	633.8M
Total debt	—	—	54.3M	43.3M	34.9M	24.5M	138.8M	140.4M	141.1M	138.3M
Net debt	—	—	-38.4M	-58M	-6.3M	-159.8M	-108.6M	-47M	-41.9M	-7.1M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Cash & short-term investments	205.6M	229.5M	265.4M	177.4M	266.7M	292.6M	309.9M	212.2M	230.1M	295.7M	310.9M	253M
Receivables	63.2M	70.3M	68.9M	75.3M	65.3M	78.7M	74.4M	79M	72.9M	68.3M	79.8M	88.6M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	271.4M	302.6M	339M	269.9M	335.6M	373.8M	385.8M	295.1M	307.2M	366.6M	392.5M	344.1M
Property, plant & equipment	144.1M	151.9M	169.6M	169.8M	171.9M	170.6M	167.8M	165.9M	167.5M	166.2M	162.4M	158.2M
Goodwill & intangibles	19.3M	19M	38.8M	19.2M	19.1M	19.5M	37.5M	19.2M	20M	20M	40.1M	19.8M
Total assets	625M	673.9M	736.6M	680.7M	784.1M	727.8M	812.4M	834.9M	751M	801.6M	876.7M	854.7M
Accounts payable	8.6M	9.3M	10.1M	7.7M	9.1M	8.3M	8.5M	8.2M	8.3M	8.7M	8.6M	7.9M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	10M	21.2M	15.5M	36.7M	10.3M	11.1M	15.2M	19.3M	12.6M	10.1M	10.6M	14.4M
Long-term debt	115.6M	133.3M	140.4M	141.4M	141.4M	140.6M	141.1M	140M	141.6M	140.3M	138.3M	136.3M
Total liabilities	181.1M	217.6M	243.9M	205.9M	199.6M	215.2M	237.5M	193.5M	208.7M	222.4M	242.8M	187.8M
Shareholders' equity	443.9M	456.3M	492.6M	474.8M	584.4M	512.6M	574.9M	641.4M	542.3M	579.3M	633.8M	667M
Total debt	115.6M	133.3M	140.4M	141.4M	141.4M	140.6M	141.1M	140M	141.6M	140.3M	138.3M	136.3M
Net debt	-62.9M	237K	-47M	41.9M	19.4M	34.1M	-41.9M	74.8M	46.2M	42.2M	-7.1M	83.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	92.8M	92.5M	109.5M	147M	75.2M	226.2M	149.5M	136.6M	162.8M	157.4M
Depreciation & amortization	4.2M	11.9M	13.8M	15M	16.3M	16.1M	17.5M	19.6M	11.2M	11.7M
Stock-based compensation	22.1M	22.4M	24.6M	27.8M	29.3M	40.5M	49.4M	44.5M	52.3M	46M
Change in working capital	-12M	-82.9M	-92.8M	-35.4M	-31.1M	-60.1M	-166.3M	-10M	-146.5M	-344.4M
Operating cash flow	109.5M	46.4M	55.4M	155.6M	91.4M	222.6M	48.9M	191.3M	85.2M	-120.4M
Capital expenditure	-10.2M	-3.2M	-3.5M	-2.8M	-2.5M	-2.7M	-4.2M	-57M	-11.7M	—
Investing cash flow	2.9M	5.7M	-53.2M	36M	-1.8M	47.6M	-2.9M	-114.8M	-119.7M	14.3M
Dividends paid	-70.8M	-98.3M	-178.9M	-162.7M	-122.5M	-147.6M	-107.4M	-112.4M	-119.2M	-126.9M
Share repurchases	-8M	-9.1M	-10.6M	-10.4M	-25.9M	-22.6M	-26.8M	-21.5M	-21.1M	-28.4M
Financing cash flow	-74.5M	-60.4M	-118.1M	-170.1M	-148.9M	-145.4M	9M	-119.1M	17.1M	72.9M
Net change in cash	37.9M	-8.4M	-115.9M	21.5M	-59.2M	124.9M	55M	-42.5M	-17.5M	-33.2M
Free cash flow	104.8M	61M	69.1M	138.7M	86.7M	240.2M	57.5M	115M	85M	-126.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Net income	32.5M	—	—	—	—	—	—	—	—	41.6M	30.7M	41.2M
Depreciation & amortization	5.1M	—	—	—	—	—	—	—	—	3M	3.1M	3.1M
Stock-based compensation	11.7M	—	—	—	—	—	—	—	—	12.3M	10.1M	10.8M
Change in working capital	21.3M	—	—	—	—	—	—	—	—	-23M	-66.1M	-60.4M
Operating cash flow	67.7M	—	—	—	—	—	—	—	—	55.1M	1.1M	-51.4M
Capital expenditure	-15.5M	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	3.8M	—	—	—	—	—	—	—	—	-32.8M	39.4M	-24.9M
Dividends paid	-28.1M	—	—	—	—	—	—	—	—	-31.7M	-31.8M	-34.5M
Share repurchases	-187K	-50K	-858K	-19.4M	-134K	-68K	-1.5M	-26M	-621K	-258K	-1.6M	-16.9M
Financing cash flow	-30.6M	179K	-702K	-19M	68.6M	-68K	-1.5M	-26M	-621K	-17.2M	7.4M	-14.1M
Net change in cash	40.9M	179K	-702K	-19M	68.6M	-68K	-1.5M	-26M	-621K	5.1M	47.8M	-90.3M
Free cash flow	38.1M	—	—	—	—	—	—	—	—	52.6M	776K	-51.4M

Cohen & Steers Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement