Item 1. Business 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.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 556M | 556M | 517M | 490M | 567M | 584M |
| Net Income | 153M | 153M | 151M | 129M | 171M | 211M |
| EPS | $2.97 | $2.97 | $2.97 | $2.60 | $3.47 | $4.31 |
| Free Cash Flow | -126M | -126M | 85M | 115M | 57M | 240M |
| ROIC | 36.8% | 28.5% | 29.6% | 33.9% | 50.7% | 82.8% |
| Gross Margin | 59.6% | 59.6% | 57.9% | 59.1% | 63.2% | 66.5% |
| Debt/Equity | 0.00 | 0.43 | 0.46 | 0.64 | 0.73 | 0.58 |
| Dividends/Share | $2.46 | $2.48 | $2.36 | $2.28 | $2.20 | $3.05 |
| Operating Income | 178M | 178M | 173M | 164M | 216M | 260M |
| Operating Margin | 32.0% | 32.0% | 33.4% | 33.6% | 38.1% | 44.6% |
| ROE | 27.3% | 28.5% | 29.6% | 33.9% | 50.7% | 82.8% |
| Shares Outstanding | 52M | 52M | 51M | 50M | 49M | 49M |
COHEN & STEERS, INC. passes 6 of 9 quality checks, suggesting mixed fundamentals.
COHEN & STEERS, INC. trades at 22.3x trailing earnings, compared to its 15-year median P/E of 18.5x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 45.1% with a gross margin of 61.3%. Total shareholder yield (dividends + buybacks) is 4.5%. At current prices, the estimated annualized return to fair value is +1.0%.
COHEN & STEERS, INC. (CNS) has a current P/E ratio of 22.3, compared to its historical median P/E of 18.5. The stock is currently considered Fair based on its historical valuation range.
COHEN & STEERS, INC. (CNS) has a 5-year average return on invested capital (ROIC) of 45.1%. This indicates strong capital allocation and a potential competitive advantage.
COHEN & STEERS, INC. (CNS) has a market capitalization of $3.4B. It is classified as a mid-cap stock.
Yes, COHEN & STEERS, INC. (CNS) pays a dividend with a trailing twelve-month yield of 3.71%. The company also returns capital through share buybacks, with a buyback yield of 0.83%.
Based on historical P/E analysis, COHEN & STEERS, INC. (CNS) appears fair. The current P/E of 22.3 is 21% above its historical median of 18.5. The estimated fair value CAGR (P/E method) is 4.5%.
COHEN & STEERS, INC. (CNS) operates in the Investment Advice industry, within the Financials sector.
COHEN & STEERS, INC. (CNS) reported annual revenue of $556 million in its most recent fiscal year, based on SEC EDGAR filings.
COHEN & STEERS, INC. (CNS) has a net profit margin of 27.6%. This is a strong margin indicating high profitability.
COHEN & STEERS, INC. (CNS) generated $-126 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
COHEN & STEERS, INC. (CNS) has a debt-to-equity ratio of 0.43. This indicates a conservatively financed balance sheet.
COHEN & STEERS, INC. (CNS) reported earnings per share (EPS) of $2.97 in its most recent fiscal year.
COHEN & STEERS, INC. (CNS) has a return on equity (ROE) of 28.5%. This indicates the company generates strong returns for shareholders.
COHEN & STEERS, INC. (CNS) has a 5-year average gross margin of 61.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for COHEN & STEERS, INC. (CNS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
COHEN & STEERS, INC. (CNS) has a book value per share of $10.89, based on its most recent annual SEC filing.