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Cohen & Steers, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries. The firm launches and manages equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. Through its subsidiaries, it also launches and manages hedge funds. The firm invests in public equity, fixed income, and commodity markets across the globe through its subsidiaries. Through its subsidiaries, it invests in companies operating in the real estate sector, including real estate investment trusts, infrastructure sector, and natural energy resources sector for its equity and fixed income investments. The firm also invests in preferred securities for its fixed income investments through its subsidiaries. The firm is a leading global investment manager specializing in real assets and alternative income, including real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Cohen & Steers, Inc. was founded in 1986 and is based in New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $578M | $211M | $153M | $-126M | 27.3% | 7.7% | 1.3% |
| 2024 | $537M | $203M | $151M | $85M | 29.6% | 6.4% | 17.2% |
| 2023 | $504M | $184M | $129M | $115M | 33.9% | -12.1% | -24.6% |
| 2022 | $574M | $228M | $171M | $57M | 50.7% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 573.72 | 504.26 | 536.76 | 578.12 |
| Cost Of Revenue | - | 291.76 | 254.35 | 275.12 | 297.36 |
| Gross Profit | - | 281.96 | 249.90 | 261.64 | 280.76 |
| Operating Expense | - | 59.21 | 70.81 | 69.42 | 81.02 |
| Operating Income | - | 222.76 | 179.10 | 192.22 | 199.74 |
| EBITDA | - | 228.42 | 184.24 | 203.39 | 211.46 |
| EBIT | - | 222.76 | 179.10 | 192.22 | 199.74 |
| Pretax Income | - | 196.90 | 180.25 | 209.54 | 204.63 |
| Tax Provision | - | 47.41 | 43.64 | 46.75 | 47.23 |
| Net Income | - | 171.04 | 129.05 | 151.26 | 153.22 |
| Net Income Common Stockholders | - | 171.04 | 129.05 | 151.26 | 153.22 |
| Total Expenses | - | 350.97 | 325.16 | 344.54 | 378.38 |
| Interest Income | 2.88 | 6.82 | 14.62 | - | - |
| Selling General And Administration | - | 54.83 | 66.70 | 60.14 | 71.23 |
| Normalized EBITDA | - | 254.28 | 183.08 | 186.07 | 206.57 |
| Normalized Income | - | 191.29 | 128.17 | 138.03 | 149.48 |
| Market Cap | 3,479.88 | 3,479.88 | 3,479.88 | 3,479.88 | 3,479.88 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Cohen & Steers, Inc.this co. | CNS | $3.5B | 22.71↑ premium | 6.19 | 27.3% | 16.42 |
| Cathay General Bancorp | CATY | $3.8B | 11.57 | 1.25 | 10.8% | - |
| CleanSpark, Inc. | CLSK | $3.7B | 8.95 | 1.50 | 16.8% | 5.30 |
| Banc of California, Inc. | BANC | $3.6B | 12.67 | 0.95 | 7.5% | - |
| First Interstate BancSystem, Inc. | FIBK | $3.6B |
| - |
| - |
| - |
| - |
| - |
| 11.23 |
| 0.98 |
| 8.8% |
| - |
| BankUnited, Inc. | BKU | $3.5B | 12.54 | 1.10 | 8.8% | - |
| First Hawaiian, Inc. | FHB | $3.3B | 11.75 | 1.17 | 10.0% | - |
| Community Financial System, Inc. | CBU | $3.3B | 15.56 | 1.63 | 10.5% | - |
| NMI Holdings, Inc. | NMIH | $3.2B | 8.05 | 1.21 | 15.0% | - |
| Peer Median | - | 11.66 | 1.19 | 10.2% | 5.30 | |