Sl Green Rlty Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Sl Green Rlty has an operating margin of 82.4%, meaning the company retains $82 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 up from 65.5% the prior year.
Sl Green Rlty's revenue declined 3% year-over-year, from $913.7M to $886.3M. This contraction results in a growth score of 20/100.
Sl Green Rlty has a moderate D/E ratio of 1.50. This balance of debt and equity financing earns a leverage score of 56/100.
Sl Green Rlty generates a 0.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 2/100.
Sl Green Rlty passes 4 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Sl Green Rlty generates $5.89 in operating cash flow ($129.6M OCF vs $22.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Sl Green Rlty earns $3.7 in operating income for every $1 of interest expense ($730.6M vs $196.3M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
This page shows Sl Green Rlty (SLG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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
Sl Green Rlty generated $886.3M in revenue in fiscal year 2024. This represents a decrease of 3.0% from the prior year.
Sl Green Rlty's EBITDA was $944.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.6% from the prior year.
Sl Green Rlty reported $22.0M in net income in fiscal year 2024. This represents an increase of 103.9% from the prior year.
Sl Green Rlty earned $0.08 per diluted share (EPS) in fiscal year 2024. This represents an increase of 100.9% from the prior year.
Sl Green Rlty held $184.3M in cash against $0 in long-term debt as of fiscal year 2024.
Sl Green Rlty paid $3.01 per share in dividends in fiscal year 2024. This represents a decrease of 6.9% from the prior year.
Sl Green Rlty had 71M shares outstanding in fiscal year 2024. This represents an increase of 7.9% from the prior year.
Sl Green Rlty's operating margin was 82.4% in fiscal year 2024, reflecting core business profitability. This is up 16.9 percentage points from the prior year.
Sl Green Rlty's net profit margin was 2.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 64.3 percentage points from the prior year.
Sl Green Rlty's ROE was 0.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
Sl Green Rlty spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
SLG Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $244.8M+1.2% | $241.9M+0.9% | $239.8M-2.5% | $245.9M+10.3% | $222.8M+18.6% | $187.9M-11.3% | $211.7M+0.7% | $210.2M |
| 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 | $23.7M+9.8% | $21.6M-0.7% | $21.7M-4.8% | $22.8M+14.0% | $20.0M-6.0% | $21.3M-49.6% | $42.3M+84.7% | $22.9M |
| Operating Income | $209.3M+61.9% | $129.3M-5.0% | $136.0M-7.5% | $147.0M-16.7% | $176.5M-31.5% | $257.7M | N/A | N/A |
| Interest Expense | -$47.2M-4.2% | -$45.3M+0.8% | -$45.7M-198.0% | $46.6M-5.8% | $49.5M+1.3% | $48.9M+8.1% | $45.2M-14.5% | $52.9M |
| Income Tax | -$100K-108.3% | $1.2M+140.0% | $500K+125.0% | -$2.0M-322.2% | $900K+28.6% | $700K-82.1% | $3.9M+56.0% | $2.5M |
| Net Income | $28.6M+489.0% | -$7.4M+57.6% | -$17.3M-232.4% | $13.1M+730.4% | $1.6M-90.7% | $16.9M+111.1% | -$151.9M-650.8% | -$20.2M |
| EPS (Diluted) | $0.34+312.5% | $-0.16+46.7% | $-0.30-330.8% | $0.13+425.0% | $-0.04-120.0% | $0.20+108.1% | $-2.48-552.6% | $-0.38 |
SLG Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.1B-1.0% | $11.3B-1.4% | $11.4B+9.0% | $10.5B+9.7% | $9.5B-2.2% | $9.8B+2.4% | $9.5B-1.6% | $9.7B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $187.0M+2.3% | $182.9M+1.5% | $180.1M-2.3% | $184.3M-7.6% | $199.5M+1.8% | $196.0M-11.6% | $221.8M+16.9% | $189.8M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $6.7B-2.1% | $6.9B-1.2% | $7.0B+17.9% | $5.9B+10.4% | $5.4B-3.0% | $5.5B+4.8% | $5.3B+2.0% | $5.2B |
| 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 | $3.8B-0.5% | $3.8B-1.2% | $3.8B-2.9% | $4.0B+7.0% | $3.7B-1.2% | $3.7B-1.3% | $3.8B-6.3% | $4.0B |
| Retained Earnings | -$634.7M-3.5% | -$613.1M-14.1% | -$537.6M-19.7% | -$449.1M-60.5% | -$279.8M-21.8% | -$229.6M-51.5% | -$151.6M-342.8% | $62.4M |
SLG Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$6.8M-112.4% | $54.5M+712.0% | $6.7M-88.5% | $58.2M-26.7% | $79.4M+421.7% | -$24.7M-151.2% | $48.2M-37.7% | $77.3M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $3.4M-97.4% | $131.8M+174.8% | -$176.3M-212.8% | $156.2M+24.5% | $125.5M+3480.4% | -$3.7M+96.3% | -$100.3M-132.3% | $310.6M |
| Financing Cash Flow | $17.6M+109.8% | -$180.5M-203.2% | $175.0M+188.4% | -$197.9M+4.7% | -$207.6M-1926.1% | $11.4M-85.5% | $78.4M+120.1% | -$389.6M |
| Dividends Paid | $60.6M+0.6% | $60.2M0.0% | $60.2M+7.4% | $56.0M+3.2% | $54.3M+0.3% | $54.1M-6.7% | $58.0M+0.1% | $57.9M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0 |
SLG 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 | 85.5%+32.0pp | 53.4%-3.3pp | 56.7%-3.1pp | 59.8%-19.4pp | 79.2%-58.0pp | 137.2% | N/A | N/A |
| Net Margin | 11.7%+14.7pp | -3.0%+4.2pp | -7.2%-12.6pp | 5.3%+4.6pp | 0.7%-8.3pp | 9.0%+80.7pp | -71.7%-62.1pp | -9.6% |
| Return on Equity | 0.8% | N/A | N/A | 0.3%+0.3pp | 0.0%-0.4pp | 0.4% | N/A | N/A |
| Return on Assets | 0.3%+0.3pp | -0.1%+0.1pp | -0.1%-0.3pp | 0.1%+0.1pp | 0.0%-0.1pp | 0.2%+1.8pp | -1.6%-1.4pp | -0.2% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.79-0.0 | 1.820.0 | 1.82+0.3 | 1.50+0.0 | 1.45-0.0 | 1.48+0.1 | 1.39+0.1 | 1.28 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Sl Green Rlty's annual revenue?
Sl Green Rlty (SLG) reported $886.3M in total revenue for fiscal year 2024. This represents a -3.0% 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 Sl Green Rlty's revenue growing?
Sl Green Rlty (SLG) revenue declined by 3% year-over-year, from $913.7M to $886.3M in fiscal year 2024.
Is Sl Green Rlty profitable?
Yes, Sl Green Rlty (SLG) reported a net income of $22.0M in fiscal year 2024, with a net profit margin of 2.5%.
What is Sl Green Rlty's earnings per share (EPS)?
Sl Green Rlty (SLG) reported diluted earnings per share of $0.08 for fiscal year 2024. This represents a 100.9% 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 Sl Green Rlty's EBITDA?
Sl Green Rlty (SLG) had EBITDA of $944.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Sl Green Rlty's operating margin?
Sl Green Rlty (SLG) had an operating margin of 82.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Sl Green Rlty's net profit margin?
Sl Green Rlty (SLG) had a net profit margin of 2.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Sl Green Rlty pay dividends?
Yes, Sl Green Rlty (SLG) paid $3.01 per share in dividends during fiscal year 2024.
What is Sl Green Rlty's return on equity (ROE)?
Sl Green Rlty (SLG) has a return on equity of 0.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Sl Green Rlty's operating cash flow?
Sl Green Rlty (SLG) generated $129.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Sl Green Rlty's total assets?
Sl Green Rlty (SLG) had $10.5B in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does Sl Green Rlty have outstanding?
Sl Green Rlty (SLG) had 71M shares outstanding as of fiscal year 2024.
What is Sl Green Rlty's debt-to-equity ratio?
Sl Green Rlty (SLG) had a debt-to-equity ratio of 1.50 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Sl Green Rlty's return on assets (ROA)?
Sl Green Rlty (SLG) had a return on assets of 0.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Sl Green Rlty's Piotroski F-Score?
Sl Green Rlty (SLG) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 Sl Green Rlty's earnings high quality?
Sl Green Rlty (SLG) has an earnings quality ratio of 5.89x, considered cash-backed (high 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.
Can Sl Green Rlty cover its interest payments?
Sl Green Rlty (SLG) has an interest coverage ratio of 3.7x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Sl Green Rlty?
Sl Green Rlty (SLG) scores 44 out of 100 on our Financial Profile, indicating moderate 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.