Cohen & Steers Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Cohen & Steers Inc has an operating margin of 33.4%, meaning the company retains $33 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 33.6% the prior year.
Cohen & Steers Inc's revenue grew 5.7% year-over-year to $517.4M, a solid pace of expansion. This earns a growth score of 45/100.
Cohen & Steers Inc carries a low D/E ratio of 0.46, meaning only $0.46 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.
Cohen & Steers Inc converts 16.4% of revenue into free cash flow ($85.0M). This strong cash generation earns a score of 82/100.
Cohen & Steers Inc earns a strong 29.6% return on equity (ROE), meaning it generates $30 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 33.9% the prior year.
Cohen & Steers Inc passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Cohen & Steers Inc generates $0.64 in operating cash flow ($96.7M OCF vs $151.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
This page shows Cohen & Steers Inc (CNS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Cohen & Steers Inc generated $517.4M in revenue in fiscal year 2024. This represents an increase of 5.7% from the prior year.
Cohen & Steers Inc's EBITDA was $182.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.1% from the prior year.
Cohen & Steers Inc generated $85.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 26.0% from the prior year.
Cohen & Steers Inc reported $151.3M in net income in fiscal year 2024. This represents an increase of 17.2% from the prior year.
Cohen & Steers Inc earned $2.97 per diluted share (EPS) in fiscal year 2024. This represents an increase of 14.2% from the prior year.
Cohen & Steers Inc held $183.0M in cash against $0 in long-term debt as of fiscal year 2024.
Cohen & Steers Inc paid $2.36 per share in dividends in fiscal year 2024. This represents an increase of 3.5% from the prior year.
Cohen & Steers Inc had 51M shares outstanding in fiscal year 2024. This represents an increase of 3.7% from the prior year.
Cohen & Steers Inc's operating margin was 33.4% in fiscal year 2024, reflecting core business profitability. This is down 0.2 percentage points from the prior year.
Cohen & Steers Inc's net profit margin was 29.2% in fiscal year 2024, showing the share of revenue converted to profit. This is up 2.9 percentage points from the prior year.
Cohen & Steers Inc's ROE was 29.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 4.3 percentage points from the prior year.
Cohen & Steers Inc spent $21.1M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 2.0% from the prior year.
Cohen & Steers Inc invested $11.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 79.6% from the prior year.
CNS Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $141.7M+4.1% | $136.1M+1.2% | $134.5M-3.8% | $139.8M+14.8% | $121.7M-0.8% | $122.7M+3.0% | $119.2M-3.7% | $123.7M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $16.8M-7.2% | $18.1M+5.3% | $17.2M+8.8% | $15.8M+7.5% | $14.7M-0.7% | $14.8M-14.5% | $17.3M+11.3% | $15.5M |
| Operating Income | $48.9M+12.9% | $43.3M-4.1% | $45.2M-8.4% | $49.3M+28.5% | $38.4M-4.6% | $40.3M+6.3% | $37.9M-7.4% | $40.9M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | $12.7M+16.6% | $10.9M-0.1% | $10.9M-8.4% | $11.9M+12.7% | $10.5M |
| Net Income | $41.7M+13.2% | $36.8M-7.4% | $39.8M-13.2% | $45.8M+44.2% | $31.8M-6.6% | $34.0M+14.0% | $29.8M-7.2% | $32.1M |
| EPS (Diluted) | $0.81+12.5% | $0.72-6.5% | $0.77-13.5% | $0.89+41.3% | $0.63-7.4% | $0.68+13.3% | $0.60-7.7% | $0.65 |
CNS Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $801.6M+6.7% | $751.0M-10.0% | $834.9M+2.8% | $812.4M+3.6% | $784.1M+15.2% | $680.7M-7.6% | $736.6M+9.3% | $673.9M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $98.1M+2.8% | $95.4M+46.2% | $65.2M-64.4% | $183.0M+50.0% | $122.0M+22.6% | $99.5M-46.9% | $187.4M+40.9% | $133.1M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $68.3M | N/A | N/A | $74.4M | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | $17.5M | N/A | N/A | $18.1M | N/A |
| Total Liabilities | $222.4M+6.5% | $208.7M+7.8% | $193.5M-18.5% | $237.5M+18.9% | $199.6M-3.0% | $205.9M-15.6% | $243.9M+12.1% | $217.6M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $550.3M+4.1% | $528.5M+4.1% | $507.7M-0.8% | $511.7M+10.5% | $463.2M+22.2% | $378.9M-0.6% | $381.2M+4.0% | $366.6M |
| Retained Earnings | -$108.3M+7.9% | -$117.5M+3.6% | -$121.9M+5.7% | -$129.3M+15.7% | -$153.4M+0.6% | -$154.4M+2.4% | -$158.2M+0.6% | -$159.1M |
CNS Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $55.1M+181.4% | -$67.6M+37.9% | -$108.9M-412.8% | $34.8M+11.0% | $31.4M+545.2% | $4.9M-91.7% | $58.6M-21.6% | $74.7M |
| Capital Expenditures | $2.5M+16.6% | $2.1M+98.5% | $1.1M-35.9% | $1.7M-60.4% | $4.2M-2.0% | $4.3M-60.1% | $10.8M-58.3% | $26.0M |
| Free Cash Flow | $52.6M+175.4% | -$69.8M+36.6% | -$110.0M-431.9% | $33.1M+22.2% | $27.1M+4953.1% | $537K-98.9% | $47.7M-1.9% | $48.7M |
| Investing Cash Flow | -$35.3M-1493.0% | $2.5M+26.5% | $2.0M-91.3% | $23.1M+131.1% | -$74.4M-153.3% | -$29.4M-321.5% | $13.3M+113.7% | -$96.8M |
| Financing Cash Flow | -$17.0M-118.1% | $93.8M+989.8% | -$10.5M-180.4% | $13.1M-80.1% | $65.8M+202.3% | -$64.3M-223.0% | -$19.9M+9.8% | -$22.1M |
| Dividends Paid | $31.7M+0.1% | $31.7M0.0% | $31.7M+5.7% | $30.0M+0.3% | $29.9M+2.0% | $29.3M+4.3% | $28.1M-0.2% | $28.2M |
| Share Buybacks | $258K-58.5% | $621K-97.6% | $26.0M+1586.8% | $1.5M+1049.3% | $134K-99.3% | $19.4M+2156.9% | $858K+1616.0% | $50K |
CNS Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 34.5%+2.7pp | 31.8%-1.8pp | 33.6%-1.7pp | 35.3%+3.7pp | 31.6%-1.3pp | 32.8%+1.0pp | 31.8%-1.3pp | 33.0% |
| Net Margin | 29.4%+2.4pp | 27.1%-2.5pp | 29.6%-3.2pp | 32.8%+6.7pp | 26.1%-1.6pp | 27.7%+2.7pp | 25.0%-1.0pp | 26.0% |
| Return on Equity | 7.6%+0.6pp | 7.0%-0.9pp | 7.8%-1.1pp | 8.9%+2.1pp | 6.9%-2.1pp | 9.0%+1.1pp | 7.8%-0.9pp | 8.8% |
| Return on Assets | 5.2%+0.3pp | 4.9%+0.1pp | 4.8%-0.9pp | 5.6%+1.6pp | 4.0%-1.0pp | 5.0%+1.0pp | 4.0%-0.7pp | 4.8% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.400.0 | 0.39+0.0 | 0.38-0.1 | 0.46+0.0 | 0.43-0.1 | 0.54-0.1 | 0.64+0.0 | 0.59 |
| FCF Margin | 37.1%+88.4pp | -51.2%+30.6pp | -81.8%-105.5pp | 23.7%+1.4pp | 22.3%+21.9pp | 0.4%-39.6pp | 40.1%+0.7pp | 39.3% |
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Frequently Asked Questions
What is Cohen & Steers Inc's annual revenue?
Cohen & Steers Inc (CNS) reported $517.4M in total revenue for fiscal year 2024. This represents a 5.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Cohen & Steers Inc's revenue growing?
Cohen & Steers Inc (CNS) revenue grew by 5.7% year-over-year, from $489.6M to $517.4M in fiscal year 2024.
Is Cohen & Steers Inc profitable?
Yes, Cohen & Steers Inc (CNS) reported a net income of $151.3M in fiscal year 2024, with a net profit margin of 29.2%.
What is Cohen & Steers Inc's earnings per share (EPS)?
Cohen & Steers Inc (CNS) reported diluted earnings per share of $2.97 for fiscal year 2024. This represents a 14.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Cohen & Steers Inc's EBITDA?
Cohen & Steers Inc (CNS) had EBITDA of $182.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Cohen & Steers Inc's operating margin?
Cohen & Steers Inc (CNS) had an operating margin of 33.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Cohen & Steers Inc's net profit margin?
Cohen & Steers Inc (CNS) had a net profit margin of 29.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Cohen & Steers Inc pay dividends?
Yes, Cohen & Steers Inc (CNS) paid $2.36 per share in dividends during fiscal year 2024.
What is Cohen & Steers Inc's return on equity (ROE)?
Cohen & Steers Inc (CNS) has a return on equity of 29.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Cohen & Steers Inc's free cash flow?
Cohen & Steers Inc (CNS) generated $85.0M in free cash flow during fiscal year 2024. This represents a -26.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Cohen & Steers Inc's operating cash flow?
Cohen & Steers Inc (CNS) generated $96.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Cohen & Steers Inc's total assets?
Cohen & Steers Inc (CNS) had $812.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Cohen & Steers Inc's capital expenditures?
Cohen & Steers Inc (CNS) invested $11.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Cohen & Steers Inc buy back shares?
Yes, Cohen & Steers Inc (CNS) spent $21.1M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Cohen & Steers Inc have outstanding?
Cohen & Steers Inc (CNS) had 51M shares outstanding as of fiscal year 2024.
What is Cohen & Steers Inc's debt-to-equity ratio?
Cohen & Steers Inc (CNS) had a debt-to-equity ratio of 0.46 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cohen & Steers Inc's return on assets (ROA)?
Cohen & Steers Inc (CNS) had a return on assets of 18.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Cohen & Steers Inc's Piotroski F-Score?
Cohen & Steers Inc (CNS) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Cohen & Steers Inc's earnings high quality?
Cohen & Steers Inc (CNS) has an earnings quality ratio of 0.64x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Cohen & Steers Inc?
Cohen & Steers Inc (CNS) scores 84 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.