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Sl Green Rlty Financials

SLG
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Sl Green Rlty (SLG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 56 / 100
Financial Profile 56/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
100

Sl Green Rlty has an operating margin of 65.0%, meaning the company retains $65 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 82.4% the prior year.

Growth
55

Sl Green Rlty's revenue grew 13.2% year-over-year to $1.0B, a solid pace of expansion. This earns a growth score of 55/100.

Leverage
65

Sl Green Rlty carries a low D/E ratio of 1.83, meaning only $1.83 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 65/100, indicating a strong balance sheet with room for future borrowing.

Returns
5

Sl Green Rlty generates a -2.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 5/100. This is down from 0.6% the prior year.

Piotroski F-Score Weak
3/9

Sl Green Rlty passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed
-0.86x

For every $1 of reported earnings, Sl Green Rlty generates $-0.86 in operating cash flow ($82.9M OCF vs -$96.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Adequate
3.0x

Sl Green Rlty earns $3.0 in operating income for every $1 of interest expense ($651.9M vs $215.6M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.0B
YoY+13.2%
5Y CAGR-1.0%
10Y CAGR-4.9%

Sl Green Rlty generated $1.0B in revenue in fiscal year 2025. This represents an increase of 13.2% from the prior year.

EBITDA
$914.7M
YoY-3.2%

Sl Green Rlty's EBITDA was $914.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 3.2% from the prior year.

Net Income
-$96.9M
YoY-540.3%

Sl Green Rlty reported -$96.9M in net income in fiscal year 2025. This represents a decrease of 540.3% from the prior year.

EPS (Diluted)
$-1.61
YoY-2112.5%

Sl Green Rlty earned $-1.61 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 2112.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$155.7M
YoY-15.5%
5Y CAGR-10.2%
10Y CAGR-4.8%

Sl Green Rlty held $155.7M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
$3.09
YoY+2.7%
5Y CAGR-8.9%
10Y CAGR+2.1%

Sl Green Rlty paid $3.09 per share in dividends in fiscal year 2025. This represents an increase of 2.7% from the prior year.

Shares Outstanding
71M
YoY+0.0%
5Y CAGR+1.0%
10Y CAGR-3.4%

Sl Green Rlty had 71M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
65.0%
YoY-17.4pp

Sl Green Rlty's operating margin was 65.0% in fiscal year 2025, reflecting core business profitability. This is down 17.4 percentage points from the prior year.

Net Margin
-9.7%
YoY-12.1pp
5Y CAGR-44.9pp
10Y CAGR-26.7pp

Sl Green Rlty's net profit margin was -9.7% in fiscal year 2025, showing the share of revenue converted to profit. This is down 12.1 percentage points from the prior year.

Return on Equity
-2.6%
YoY-3.2pp
5Y CAGR-10.2pp
10Y CAGR-6.5pp

Sl Green Rlty's ROE was -2.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.2 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

SLG Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $276.5M+12.9% $244.8M+1.2% $241.9M+0.9% $239.8M-2.5% $245.9M+7.0% $229.7M+3.1% $222.8M+18.6% $187.9M
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 $22.3M-5.9% $23.7M+9.8% $21.6M-0.7% $21.7M-4.8% $22.8M+8.6% $21.0M+4.9% $20.0M-6.0% $21.3M
Operating Income $177.4M-15.2% $209.3M+61.9% $129.3M-5.0% $136.0M-7.5% $147.0M-1.6% $149.4M-15.3% $176.5M-31.5% $257.7M
Interest Expense $353.9M+849.1% -$47.2M-4.2% -$45.3M+0.8% -$45.7M-198.0% $46.6M-9.2% $51.3M+3.7% $49.5M+1.3% $48.9M
Income Tax N/A -$100K-108.3% $1.2M+140.0% $500K+125.0% -$2.0M-281.8% $1.1M+22.2% $900K+28.6% $700K
Net Income -$100.8M-452.4% $28.6M+489.0% -$7.4M+57.6% -$17.3M-232.4% $13.1M+237.2% -$9.5M-705.0% $1.6M-90.7% $16.9M
EPS (Diluted) N/A $0.34+312.5% $-0.16+46.7% $-0.30 N/A $-0.21-425.0% $-0.04-120.0% $0.20

SLG Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $11.1B-0.6% $11.1B-1.0% $11.3B-1.4% $11.4B+9.0% $10.5B+2.5% $10.2B+7.0% $9.5B-2.2% $9.8B
Current Assets N/A N/A N/A N/A N/A N/A N/A N/A
Cash & Equivalents $155.7M-16.7% $187.0M+2.3% $182.9M+1.5% $180.1M-2.3% $184.3M-2.1% $188.2M-5.7% $199.5M+1.8% $196.0M
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-0.2% $6.7B-2.1% $6.9B-1.2% $7.0B+17.9% $5.9B-3.6% $6.1B+14.5% $5.4B-3.0% $5.5B
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 $3.7B-2.7% $3.8B-0.5% $3.8B-1.2% $3.8B-2.9% $4.0B+11.1% $3.6B-3.7% $3.7B-1.2% $3.7B
Retained Earnings -$741.9M-16.9% -$634.7M-3.5% -$613.1M-14.1% -$537.6M-19.7% -$449.1M-19.3% -$376.4M-34.6% -$279.8M-21.8% -$229.6M

SLG Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $28.5M+520.3% -$6.8M-112.4% $54.5M+712.0% $6.7M-88.5% $58.2M+247.9% $16.7M-78.9% $79.4M+421.7% -$24.7M
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 -$289.7M-8653.2% $3.4M-97.4% $131.8M+174.8% -$176.3M-212.8% $156.2M+198.1% -$159.3M-226.9% $125.5M+3480.4% -$3.7M
Financing Cash Flow $240.7M+1266.1% $17.6M+109.8% -$180.5M-203.2% $175.0M+188.4% -$197.9M-239.5% $141.9M+168.3% -$207.6M-1926.1% $11.4M
Dividends Paid $61.7M+1.8% $60.6M+0.6% $60.2M0.0% $60.2M+7.4% $56.0M+3.1% $54.3M0.0% $54.3M+0.3% $54.1M
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

SLG Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin 64.2%-21.3pp 85.5%+32.0pp 53.4%-3.3pp 56.7%-3.1pp 59.8%-5.3pp 65.1%-14.1pp 79.2%-58.0pp 137.2%
Net Margin -36.5%-48.2pp 11.7%+14.7pp -3.0%+4.2pp -7.2%-12.6pp 5.3%+9.5pp -4.2%-4.9pp 0.7%-8.3pp 9.0%
Return on Equity -2.8%-3.5pp 0.8%+0.9pp -0.2%+0.3pp -0.4%-0.8pp 0.3%+0.6pp -0.3%-0.3pp 0.0%-0.4pp 0.4%
Return on Assets -0.9%-1.2pp 0.3%+0.3pp -0.1%+0.1pp -0.1%-0.3pp 0.1%+0.2pp -0.1%-0.1pp 0.0%-0.1pp 0.2%
Current Ratio N/A N/A N/A N/A N/A N/A N/A N/A
Debt-to-Equity 1.83+0.0 1.79-0.0 1.820.0 1.82+0.3 1.50-0.2 1.73+0.3 1.45-0.0 1.48
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

Sl Green Rlty (SLG) reported $1.0B in total revenue for fiscal year 2025. This represents a 13.2% 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.

Sl Green Rlty (SLG) revenue grew by 13.2% year-over-year, from $886.3M to $1.0B in fiscal year 2025.

No, Sl Green Rlty (SLG) reported a net income of -$96.9M in fiscal year 2025, with a net profit margin of -9.7%.

Sl Green Rlty (SLG) reported diluted earnings per share of $-1.61 for fiscal year 2025. This represents a -2112.5% 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.

Sl Green Rlty (SLG) had EBITDA of $914.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Sl Green Rlty (SLG) had an operating margin of 65.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Sl Green Rlty (SLG) had a net profit margin of -9.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Sl Green Rlty (SLG) paid $3.09 per share in dividends during fiscal year 2025.

Sl Green Rlty (SLG) has a return on equity of -2.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Sl Green Rlty (SLG) generated $82.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Sl Green Rlty (SLG) had $11.1B in total assets as of fiscal year 2025, including both current and long-term assets.

Sl Green Rlty (SLG) had 71M shares outstanding as of fiscal year 2025.

Sl Green Rlty (SLG) had a debt-to-equity ratio of 1.83 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Sl Green Rlty (SLG) had a return on assets of -0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Sl Green Rlty (SLG) 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.

Sl Green Rlty (SLG) has an earnings quality ratio of -0.86x, 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.

Sl Green Rlty (SLG) has an interest coverage ratio of 3.0x, 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.

Sl Green Rlty (SLG) scores 56 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.

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