MARKETS / NYSE / CNS

NYSE · INVESTMENT ADVICE · LARGE CAP

Cohen & Steers, Inc. CNS

17 fiscal years on record · USD · FY2025 reported · SEC filings only

3 YEARS OF DIVIDEND GROWTH

Revenue

$556.1M

▲ 7.5% YoY

Net income

$153.2M

▲ 1.3% YoY

Free cash flow

$-126.4M

▼ 248.7% YoY

In brief

What this company does

Cohen & Steers 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, the company serves institutional and individual investors around the world. As of December 31, 2025, it had 424 full-time employees, including 88 investment professionals across six global offices. The company manages three types of investment vehicles: open-end funds, institutional accounts and closed-end funds. Open-end funds include U.S. and non-U.S. funds for which it serves as investment adviser, offering and issuing new shares continuously as investors subscribe and redeeming shares when investors sell. Institutional accounts, for which it serves as investment adviser or subadvisor, represent portfolios of securities managed for institutional clients. Closed-end funds, for which it serves as investment adviser, are registered investment companies that have issued a fixed number of shares through public offerings. Cohen & Steers, Inc. was organized as a Delaware corporation on March 17, 2004.

Written from the business description in COHEN & STEERS, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth

USD 556.1M

Revenue, FY2025 · full 17-year series below

Revenue $M Net income $M

FY2025 · Revenue 556.1 · Net income 153.2

Compound annual growth

Revenue

−0.6%

+5.4%

+7.7%

Net income

−3.6%

+14.9%

+9.0%

+8.3%

EPS, diluted

−5.1%

+13.6%

+7.7%

+7.0%

Dividend / share

+4.1%

−0.6%

+5.2%

Returned to shareholders

+5.1%

+0.9%

+5.9%

+2.6%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +5.4% a year over five years — but profit grew faster: net income at +14.9%, earnings per share at +13.6%.

The share count fell from 0.05B to 0.05B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

28 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 32.0% · Net 28.3%

ROE

FY2025 · ROE 28.5%

Gross margin—

Operating margin32.0%

Net margin28.3%

Return on assets18.6%

EBITDAUSD 187.5M

Each USD of equity produced 29 cents of profit this year.

Cash & shareholders

USD 154.4M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF -126.4

Net buybacks $M Dividends $M

FY2025 · Dividends 126.9 · Net buybacks 27.5

Dividends paidUSD 126.9M

Net buybacksUSD 27.5M

Share of profit100.8%

Consecutive raises3 years

USD 126.9M in dividends and USD 27.5M in buybacks — 101% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 876.7M

EquityUSD 562.0M

CashUSD 145.5M

Equity funds 64% of total assets.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	0.6	0.5	0.5	0.6	0.6	0.4	0.4	0.4	0.4	0.4	0.3	0.3	0.3	0.3	0.2	0.2	0.1
Operating income $B	0.2	0.2	0.2	0.2	0.3	0.1	0.2	0.1	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.0
EBITDA $B	0.2	0.2	0.2	0.2	0.3	0.1	0.2	0.2	0.2	0.1	·	·	·	·	·	·	·
Income tax $B	·	0.0	0.0	0.0	0.1	0.0	0.0	0.0	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	0.2	0.2	0.1	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.0	−0.0
Free cash flow $B	−0.1	0.1	0.1	0.1	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.1	0.0	0.1	0.1	0.0
EPS, diluted $	2.97	2.97	2.60	3.47	4.31	1.57	2.79	2.40	1.96	2.00	1.41	1.65	1.51	1.49	1.23	1.07	−0.04
Dividend / sh $	2.48	2.36	2.28	2.20	3.05	2.56	3.44	3.82	2.12	1.54	1.50	1.88	1.80	2.22	1.60	·	·
Payout %	83	79	87	63	70	160	121	157	107	76	106	112	117	147	127	221	−495
ROE %	28.5	33.9	35.9	57.7	98.5	39.5	61.7	45.7	34.0	37.4	28.1	33.4	31.0	29.6	23.4	19.9	·
Shares out B	0.05	0.05	0.05	0.06	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.04	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityInvestment Advice

Listed onNYSE

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2009