Cohen & Steers Inc

CNS Financial Asset Management

Cohen & Steers Inc’s revenue for fiscal 2025 (year ended December 2025) was $556.1 million, up 7.48% from fiscal 2024.

Revenue
+11.1%
EPS
+1.23%
Free cash flow
−62.0%

Quarter to September 2026, against a year earlier

73.21 0.02 −0.03%
Market cap
$3.8B
P/E
22.4×
Fwd P/E
21.1×
Dividend yield
3.58%
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Insider Decisions last twelve months

Sold, $m 2.48
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 1 — — 1 1 1 — — — —
Insider Ownership 46.13%

Capital & Financial Ratios $m

Size
Market Cap 3,770.00
Revenue ttm 599.60
Net income ttm 168.32
Free cash flow ttm 35.76
Net debt Q (687.14)
Valuation
P/E 22.38
Forward P/E 21.10
Price / sales 6.31
Forward P/S Powerpack
Price / FCF 105.86
Price / book 5.56
Financial health
Current ratio Q 9.19
Debt / equity Q 0.00
Interest coverage Q —
Growth
Revenue growth Q +11.08% (above 0%: growing)
Operating income growth Q +4.43% (above 0%: growing)
EPS, this year +9.22%
EPS, next year A +4.89%
Revenue, next year A +10.14% (at or above 10%: strong)
EPS, past 5 yrs +13.60%
EPS, next 5 yrs A +11.30%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 54.09%
10-year low 10-year high
P/S against its own 10 years 53.32%
10-year low 10-year high
P/B against its own 10 years 5.32%
10-year low 10-year high

Dividends raised 5 years running

Yield
3.58%
Annual rate
2.63
Payout ratio
80.7%
Growth, 2017–25
+14.5%/yr
  1. 0.84 ’17
  2. 1.32 ’18 +57
  3. 1.44 ’19 +9
  4. 1.17 ’20 −19
  5. 1.35 ’21 +15
  6. 2.20 ’22 +63
  7. 2.28 ’23 +4
  8. 2.36 ’24 +4
  9. 2.48 ’25 +5
  10. 2.68 ’26e +8
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 187 518 582 687
Receivables 74 76 82 91
Inventory — — — —
Other — — — —
261 593 662 778
2023 2024 2025 Q'26
Payables 10 11 9 12
ST’ Debt — — — —
Other — — — —
82 86 91 85

Compound Annual Growth %

10y 5y 3y
Sales 5.40% 5.40% (0.64%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 9.03% 14.88% (3.60%)
Book Value 10.18% 28.52% 21.39%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 0.82 0.95 0.81 — —
’25 0.77 0.72 0.81 0.68 2.97
’24 0.68 0.63 0.77 0.89 2.97
’23 0.71 0.64 0.65 0.60 2.60
’22 0.85 1.06 0.90 0.66 3.47
’21 1.00 0.95 1.05 1.30 4.31
’20 0.42 0.59 0.66 (0.09) 1.57
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 146 153 157 — —
’25 134 136 142 144 556
’24 123 122 133 140 517
’23 126 121 124 119 490
’22 154 147 140 125 567
’21 126 144 154 160 584
’20 106 94 111 116 428
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (51) 67 21 — —
’25 (109) (68) 55 1 (120)
’24 5 31 26 35 97
’23 (15) 54 75 59 172
’22 (106) 58 52 58 62
’21 9 81 81 72 243
’20 (6) 61 32 2 89
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (51) 66 20 — —
’25 (110) (70) 53 1 (126)
’24 1 27 24 33 85
’23 (20) 38 49 48 115
’22 (107) 57 51 57 57
’21 8 81 80 71 240
’20 (6) 60 31 1 87
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 351 379 381 411 428 584 567 490 517 556 600 +5.2% 613 646 670 +6.4%
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 0.0 pt
EBT 143 160 144 188 93 282 197 180 210 205 227 +4.0%
EBT margin, % 40.80 42.36 37.73 45.65 21.84 48.29 34.73 36.81 40.50 36.80 37.94 (4.0) pt
Net income 93 92 110 147 75 226 149 137 163 157 168 +6.0%
Per share, $
Per share, $ Revenue 7.65 8.17 8.14 8.69 8.94 12.08 11.62 9.93 10.26 10.87 11.63 +4.0%
Earnings 2.02 1.98 2.43 2.85 1.60 4.38 3.51 2.62 3.00 2.99 3.28 +4.5%
Cash flow 2.50 1.39 1.55 2.99 1.87 5.03 1.26 3.49 1.92 (2.35) 0.74 n/m
Capex (0.22) (0.07) (0.07) (0.06) (0.05) (0.06) (0.09) (1.16) (0.23) (0.12) (0.04) (6.9%)
Free cash flow 2.28 1.32 1.48 2.93 1.81 4.97 1.18 2.33 1.69 (2.47) 0.69 n/m
Book value 5.78 5.94 4.76 4.52 3.65 5.28 7.00 7.83 10.34 11.94 13.21 +8.4%
Shares, m 46 46 47 47 48 48 49 49 50 51 51 +1.2%
Valuation, ×
Valuation, × P/E 16.76 23.95 14.07 22.02 46.15 21.22 18.90 29.21 30.78 21.00 22.38 24.4
P/S 4.43 5.83 4.21 7.22 8.31 7.66 5.69 7.68 9.00 5.78 6.31 6.6
P/B 5.85 8.02 7.21 13.88 20.38 17.52 9.45 9.73 8.93 5.26 5.56 10.6
EV/Sales 3.77 5.04 3.38 7.08 8.29 7.39 5.31 7.35 8.05 4.78 — 6.0
EV/FCF 12.64 31.27 18.64 20.97 40.90 17.96 52.37 31.32 48.99 (21.04) — 25.4
Cash, $m
Cash, $m Operating cash flow 115 64 73 141 89 243 62 172 97 (120) 38 n/m
Capex (10) (3) (3) (3) (3) (3) (4) (57) (12) (6) (2) (5.7%)
Free cash flow 105 61 69 139 87 240 57 115 85 (126) 36 n/m
Balance, $m
Balance, $m Working capital 228 291 252 84 39 159 221 179 506 571 693 +10.7%
Net debt (231) (302) (318) (101) (41) (184) (247) (187) (518) (582) (687) +10.8%
Shareholders’ equity 266 276 223 214 174 255 342 386 521 611 681 +9.7%
Returns, %
Returns, % ROA 29.09 24.72 25.56 30.48 20.40 50.26 29.34 18.31 19.53 18.14 38.10 (10.9) pt
ROIC 245.53 0.00 0.00 89.08 44.67 229.82 143.29 51.72 3,494.44 381.66 0.00 +136.1 pt
ROE 37.35 33.97 45.72 61.70 39.48 98.46 57.32 35.46 33.33 27.06 27.10 (10.3) pt
People
People Employees 287 303 328 328 347 354 388 405 411 424 — +4.4%
Revenue/emp, $m 1.22 1.25 1.16 1.25 1.23 1.65 1.46 1.21 1.26 1.31 — +0.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Cohen & Steers Inc vs peers in Asset Management (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FHI Federated Hermes, Inc. $4.7B 11.6× 10.4× +8.07% (above 0%: growing) +11.94% (above 0%: growing) +18.31% (above 0%: growing) 100.00% 30.22% Compare
OTF Blue Owl Technology Finance Corp. $4.4B 12.2× 20.5× +5.80% (above 0%: growing) −4.00% (below 0%: shrinking) +14.45% (above 0%: growing) 100.00% 0.00% Compare
CNS Cohen & Steers Inc $3.8B 22.4× 21.1× +11.08% (above 0%: growing) +1.23% (above 0%: growing) −62.01% (below 0%: shrinking) 100.00% 32.44%
GBDC Golub Capital BDC, Inc. $3.4B 19.9× 20.6× −14.02% (below 0%: shrinking) −35.29% (below 0%: shrinking) +196.17% (above 0%: growing) 100.00% 77.88% Compare
AAMI Acadian Asset Management Inc. $3.3B 26.2× — (loss-making) +32.59% (above 0%: growing) +155.52% (above 0%: growing) −65.25% (below 0%: shrinking) 100.00% 26.41% Compare
APAM Artisan Partners Asset Management Inc. $3.2B 9.4× 9.7× +3.73% (above 0%: growing) +11.83% (above 0%: growing) +168.53% (above 0%: growing) 48.10% 35.13% Compare
FSK FS KKR Capital Corp. $3.2B — (loss-making) — (loss-making) −21.18% (below 0%: shrinking) −65.79% (below 0%: shrinking) −42.86% (below 0%: shrinking) 100.00% 0.00% Compare
AB AllianceBernstein Holding L.P. $3.2B 10.3× — — −0.09% (below 0%: shrinking) +7.24% (above 0%: growing) — — Compare
HTGC Hercules Capital, Inc. $3.1B 8.5× 8.7× +1.46% (above 0%: growing) −24.24% (below 0%: shrinking) −5,073.08% (below 0%: shrinking) 100.00% 80.30% Compare
Median of peers $3.2B 11.6× 10.4× +3.73% −2.04% +10.84% 100.00% 30.22%

All 121 Asset Management stocks →

Pay and ownership Proxy statement filed 20 March 2026

Ownership

Directors and executive officers, together 45.40%
Robert Steers 23.50%
Martin Cohen 17.70%
BlackRock, Inc. 8.40%
The Vanguard Group 6.50%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Cohen & Steers Inc (CNS) Latest News

19 Oct

Impact 4 · · The Motley Fool

15 Oct

9 Oct

Impact 3 · · credaily.com

29 Apr

21 Apr

Impact 4 · · The Motley Fool transcript

CNS metrics, ten years each

stockrow.com/CNS · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com