stockrow
Saturday 7 November 2026
Export VNO’s income statement to Excel — free account
Vornado Realty Trust
Vornado Realty Trust’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, up 1.27% from fiscal 2024.
- Revenue
- +3.08%
- EPS
- −510.0%
- Free cash flow
- +35.9%
- Total debt
- +3.66%
Quarter to September 2026, against a year earlier
35.79
0.08
−0.22%
Follow VNO
Alert me
Vornado Realty Trust (VNO) Gross margin
Vornado Realty Trust's gross margin over the twelve months to 30 September 2026 was 48.5%, down 0.6 percentage points from fiscal 2025 (49.1%). Over the past ten years it has ranged from 47.2% (fiscal 2023) to 58.5% (fiscal 2015); the current reading is higher than 36% of that period. That is below the Reit Office industry median of 60.9% and below the Real Estate sector median of 62.8%.
Gross margin, annual
Embed this chart
Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 49.1% | 1.24 |
| FY2024 | 47.8% | 0.59 |
| FY2023 | 47.2% | (2.47) |
| FY2022 | 49.7% | (0.14) |
| FY2021 | 49.8% | 1.47 |
| FY2020 | 48.4% | (3.95) |
| FY2019 | 52.3% | (3.16) |
| FY2018 | 55.5% | (1.90) |
| FY2017 | 57.4% | (0.01) |
| FY2016 | 57.4% | (1.09) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 47.4% | (4.16) |
| Jun 2026 | 51.6% | 5.47 |
| Mar 2026 | 46.1% | (2.69) |
| Dec 2025 | 48.8% | 2.87 |
| 43 more quarters | Free account |
Against its own ten years
Low 47.2%
High 58.5%
Ten-year median
49.8%
Current reading's percentile
26
Gross margin against peers
| Company | Gross margin |
|---|---|
| CUZ Cousins Properties Incorporated compare | 68.4% |
| ARE Alexandria Real Estate Equities, Inc. compare | 67.7% |
| HIW Highwoods Properties, Inc. compare | 67.2% |
| KRC Kilroy Realty Corporation compare | 64.4% |
| DEI Douglas Emmett, Inc. compare | 62.6% |
| BXP BXP, Inc. compare | 60.9% |
| CDP COPT Defense Properties compare | 57.6% |
| VNO Vornado Realty Trust | 48.5% |
| SLG SL Green Realty Corporation compare | 47.1% |
| Reit Office industry median | 60.9% |
| Real Estate sector median | 62.8% |
| Market median | 46.0% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on VNO
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement