Cohen & Steers, Inc. - Understand $cns stock

$CNS Market Cap: $5.127 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$515.8M

TTM

Gross Margin

89.41%

TTM

Net Earnings

$135.3M

TTM

Current Assets

$185.1M

Q3 2024

Current Liabilities

$200.4M

Q3 2024

Current Ratio

92.39%

Q3 2024

Total Assets

$727.8M

Q3 2024

Total Liabilities

$215.2M

Q3 2024

Book Value

$512.6M

Q3 2024

Cash

$106.5M

Q3 2024

P/E

37.90

Nov 29, 2024 EST

Free Cash Flow

$99.62M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Revenue	$489.6M	$566.9M	$583.8M	$427.5M	$410.8M	$381.1M	$378.7M	$349.9M	$328.7M	$313.9M	$297.7M	$273.6M	$237.2M	$183.7M	$123.6M	$185.8M	$255.1M	$172.7M	$146.2M	$114.1M	$70.30M	$55.20M	$35.30M
YoY Change	-13.63%	-2.9%	36.56%	4.07%	7.8%	0.64%	8.24%	6.46%	4.69%	5.45%	8.83%	15.3%	29.12%	48.71%	-33.5%	-27.17%	47.71%	18.13%	28.13%	62.3%	27.36%	56.37%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Revenue	$489.6M	$566.9M	$583.8M	$427.5M	$410.8M	$381.1M	$378.7M	$349.9M	$328.7M	$313.9M	$297.7M	$273.6M	$237.2M	$183.7M	$123.6M	$185.8M	$255.1M	$172.7M	$146.2M	$114.1M	$70.30M	$55.20M	$35.30M
Cost Of Revenue	$54.17M	$82.93M	$75.89M	$56.80M	$55.20M	$50.00M	$53.30M	$53.10M	$36.30M	$35.50M	$41.20M	$41.30M	$23.90M	$22.60M	$14.70M	$24.10M	$40.50M	$101.4M	$29.40M	$22.50M	$9.200M	$4.700M	$4.100M
Gross Profit	$435.5M	$484.0M	$507.9M	$370.8M	$355.6M	$331.1M	$325.4M	$298.4M	$292.3M	$278.5M	$256.5M	$232.3M	$213.4M	$161.1M	$108.9M	$161.7M	$214.6M	$71.40M	$116.8M	$91.60M	$61.20M	$50.50M	$31.20M
Gross Profit Margin	88.94%	85.37%	87.0%	86.73%	86.56%	86.88%	85.93%	85.29%	88.94%	88.71%	86.16%	84.92%	89.95%	87.68%	88.14%	87.03%	84.12%	41.34%	79.89%	80.28%	87.06%	91.49%	88.39%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Selling, General & Admin	$266.9M	$263.7M	$243.5M	$210.0M	$191.1M	$179.6M	$166.3M	$158.6M	$158.6M	$151.9M	$144.5M	$130.3M	$121.3M	$103.8M	$87.10M	$98.90M	$110.0M	$78.60M	$62.90M	$91.20M	$48.30M	$40.90M	$23.90M
YoY Change	1.22%	8.29%	15.94%	9.89%	6.4%	8.0%	4.85%	0.0%	4.41%	5.12%	10.9%	7.42%	16.86%	19.17%	-11.93%	-10.09%	39.95%	24.96%	-31.03%	88.82%	18.09%	71.13%
% of Gross Profit	61.29%	54.48%	47.93%	56.63%	53.74%	54.24%	51.11%	53.15%	54.26%	54.54%	56.34%	56.09%	56.84%	64.43%	79.98%	61.16%	51.26%	110.08%	53.85%	99.56%	78.92%	80.99%	76.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$4.105M	$4.383M	$4.092M	$4.652M	$4.396M	$4.500M	$4.300M	$4.200M	$6.200M	$4.600M	$5.600M	$5.600M	$5.100M	$4.500M	$4.200M	$4.000M	$7.000M	$6.400M	$6.300M	$2.800M	$1.000M	$900.0K	$500.0K
YoY Change	-6.34%	7.11%	-12.04%	5.82%	-2.31%	4.65%	2.38%	-32.26%	34.78%	-17.86%	0.0%	9.8%	13.33%	7.14%	5.0%	-42.86%	9.38%	1.59%	125.0%	180.0%	11.11%	80.0%
% of Gross Profit	0.94%	0.91%	0.81%	1.25%	1.24%	1.36%	1.32%	1.41%	2.12%	1.65%	2.18%	2.41%	2.39%	2.79%	3.86%	2.47%	3.26%	8.96%	5.39%	3.06%	1.63%	1.78%	1.6%
Operating Expenses	$271.0M	$268.0M	$323.5M	$332.5M	$250.7M	$234.1M	$224.0M	$216.0M	$201.1M	$192.0M	$191.4M	$177.1M	$150.2M	$131.0M	$106.0M	$102.8M	$115.1M	$83.10M	$69.20M	$94.00M	$49.30M	$41.90M	$24.40M
YoY Change	1.1%	-17.13%	-2.71%	32.62%	7.1%	4.52%	3.69%	7.4%	4.75%	0.33%	8.05%	17.89%	14.73%	23.55%	3.1%	-10.69%	38.51%	20.09%	-26.38%	90.67%	17.66%	71.72%
Operating Profit	$164.5M	$215.9M	$260.4M	$95.06M	$160.1M	$147.0M	$154.7M	$135.5M	$127.5M	$121.9M	$106.3M	$96.43M	$87.00M	$52.79M	$17.56M	$58.90M	$99.50M	-$11.70M	$47.60M	-$2.400M	$11.90M	$8.600M	$6.800M
YoY Change	-23.83%	-17.07%	173.91%	-40.64%	8.91%	-4.98%	14.19%	6.24%	4.6%	14.67%	10.28%	10.84%	64.82%	200.55%	-70.18%	-40.8%	-950.43%	-124.58%	-2083.33%	-120.17%	38.37%	26.47%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Interest Expense	$18.91M	-$18.29M	$21.66M	-$800.0K	$28.40M	-$3.800M	$6.400M	$7.100M	-$13.80M	$600.0K	-$1.200M	$8.900M	-$1.500M	$11.80M	-$14.00M	-$7.400M	$10.00M	$5.800M	$6.000M	$1.100M	$300.0K	$400.0K	$500.0K
YoY Change	-203.4%	-184.43%	-2807.63%	-102.82%	-847.37%	-159.38%	-9.86%	-151.45%	-2400.0%	-150.0%	-113.48%	-693.33%	-112.71%	-184.29%	89.19%	-174.0%	72.41%	-3.33%	445.45%	266.67%	-25.0%	-20.0%
% of Operating Profit	11.5%	-8.47%	8.32%	-0.84%	17.74%	-2.58%	4.14%	5.24%	-10.82%	0.49%	-1.13%	9.23%	-1.72%	22.35%	-79.71%	-12.56%	10.05%		12.61%		2.52%	4.65%	7.35%
Other Income/Expense, Net	-$3.135M	-$753.0K	$21.57M	-$1.670M	$27.42M	-$3.259M	$5.654M	$7.892M	-$14.81M	$73.00K	-$1.978M	$7.871M	-$143.0K	$12.71M	-$13.41M
YoY Change	316.33%	-103.49%	-1391.74%	-106.09%	-941.21%	-157.64%	-28.36%	-153.31%	-20380.82%	-103.69%	-125.13%	-5604.2%	-101.13%	-194.77%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Pretax Income	$180.3M	$196.9M	$281.9M	$93.39M	$187.5M	$132.8M	$149.3M	$132.9M	$101.0M	$108.5M	$89.96M	$89.83M	$65.74M	$65.49M	$4.154M	$45.90M	$109.5M	-$4.900M	$53.90M	-$1.300M	$12.20M	$9.000M	$7.300M
YoY Change	-8.45%	-30.16%	201.91%	-50.21%	41.19%	-11.05%	12.38%	31.56%	-6.86%	20.55%	0.15%	36.64%	0.37%	1476.65%	-90.95%	-58.08%	-2334.69%	-109.09%	-4246.15%	-110.66%	35.56%	23.29%
Income Tax	$43.64M	$47.41M	$55.79M	$18.22M	$40.57M	$34.26M	$67.91M	$50.59M	$48.41M	$46.28M	$41.11M	$36.41M	$32.58M	$19.09M	$4.490M	$20.80M	$41.40M	-$1.500M	$22.90M	-$8.600M	$100.0K	$600.0K	$700.0K
% Of Pretax Income	24.21%	24.08%	19.79%	19.51%	21.63%	25.79%	45.48%	38.07%	47.92%	42.67%	45.7%	40.53%	49.57%	29.15%	108.09%	45.32%	37.81%		42.49%		0.82%	6.67%	9.59%
Net Earnings	$129.0M	$171.0M	$211.4M	$76.58M	$134.6M	$113.9M	$91.94M	$92.94M	$64.55M	$75.51M	$68.12M	$66.12M	$54.31M	$46.40M	-$1.710M	$18.10M	$75.50M	$3.200M	$31.90M	$7.300M	$12.10M	$8.400M	$6.600M
YoY Change	-24.55%	-19.09%	176.03%	-43.11%	18.2%	23.88%	-1.07%	43.97%	-14.51%	10.85%	3.03%	21.75%	17.05%	-2813.27%	-109.45%	-76.03%	2259.38%	-89.97%	336.99%	-39.67%	44.05%	27.27%
Net Earnings / Revenue	26.36%	30.17%	36.21%	17.91%	32.77%	29.89%	24.28%	26.56%	19.64%	24.05%	22.88%	24.17%	22.89%	25.25%	-1.38%	9.74%	29.6%	1.85%	21.82%	6.4%	17.21%	15.22%	18.7%
Basic Earnings Per Share	$2.62	$3.51	$4.38	$1.60	$2.85	$2.43	$1.98	$2.02	$1.42	$1.69	$1.54	$1.51	$1.26	$1.09	-$0.04
Diluted Earnings Per Share	$2.60	$3.470M	$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	$429.9K	$1.768M	$80.00K	$791.6K	$228.8K	$453.2K	$317.0K	$251.0K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Cash & Short-Term Investments	$187.4M	$247.4M	$184.4M	$41.20M	$101.4M	$92.70M	$193.5M	$183.2M	$142.7M	$124.9M	$128.3M	$95.40M	$127.8M	$136.2M	$153.0M	$121.9M	$137.0M	$139.4M	$39.10M	$30.20M	$7.500M	$6.100M
YoY Change	-24.24%	34.19%	347.51%	-59.37%	9.39%	-52.09%	5.62%	28.38%	14.25%	-2.65%	34.49%	-25.35%	-6.17%	-10.98%	25.51%	-11.02%	-1.72%	256.52%	29.47%	302.67%	22.95%
Cash & Equivalents	$187.4M	$247.4M	$184.4M	$41.20M	$101.4M	$92.70M	$193.5M	$183.2M	$142.7M	$124.9M	$128.3M	$95.40M	$127.8M	$136.2M	$153.0M	$121.9M	$137.0M	$139.4M	$39.10M	$30.20M	$7.500M	$6.100M
Short-Term Investments
Other Short-Term Assets																					$800.0K	$900.0K
YoY Change																					-11.11%
Inventory
Prepaid Expenses
Receivables	$68.89M	$70.19M	$84.09M	$69.70M	$59.10M	$50.40M	$53.90M	$46.30M	$44.60M	$43.40M	$40.90M	$44.40M	$39.60M	$32.80M	$23.30M	$17.40M	$30.10M	$31.60M	$19.00M	$13.20M	$9.100M	$5.600M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$18.20M	$10.40M	$0.00	$28.30M	$15.70M	$0.00	$0.00	$0.00	$0.00	$500.0K	$0.00
Total Short-Term Assets	$256.3M	$317.6M	$268.5M	$110.9M	$160.5M	$143.1M	$247.4M	$229.5M	$187.3M	$168.3M	$169.2M	$158.0M	$177.8M	$169.0M	$204.6M	$155.0M	$167.1M	$171.0M	$58.10M	$43.40M	$17.90M	$12.60M
YoY Change	-19.29%	18.31%	142.08%	-30.9%	12.16%	-42.16%	7.8%	22.53%	11.29%	-0.53%	7.09%	-11.14%	5.21%	-17.4%	32.0%	-7.24%	-2.28%	194.32%	33.87%	142.46%	42.06%
Property, Plant & Equipment	$169.6M	$145.2M	$30.95M	$41.50M	$50.90M	$62.60M	$15.00M	$16.00M	$9.800M	$11.20M	$9.800M	$9.100M	$11.20M	$13.20M	$14.90M	$16.40M	$12.20M	$10.50M	$8.900M	$2.600M	$3.400M	$3.300M
YoY Change	16.84%	369.15%	-25.43%	-18.47%	-18.69%	317.33%	-6.25%	63.27%	-12.5%	14.29%	7.69%	-18.75%	-15.15%	-11.41%	-9.15%	34.43%	16.19%	17.98%	242.31%	-23.53%	3.03%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$259.0M	$173.0M	$154.7M	$155.0M	$155.2M	$224.9M	$108.1M	$54.50M	$71.30M	$59.30M	$50.80M	$130.6M	$60.30M	$60.90M	$74.20M	$63.90M	$93.70M	$39.40M	$91.70M	$73.90M	$6.500M	$4.600M
YoY Change	49.73%	11.83%	-0.22%	-0.13%	-30.99%	108.05%	98.35%	-23.56%	20.24%	16.73%	-61.1%	116.58%	-0.99%	-17.92%	16.12%	-31.8%	137.82%	-57.03%	24.09%	1036.92%	41.3%
Other Assets				$7.000M	$7.100M	$7.200M	$5.800M	$5.600M	$5.600M	$15.10M	$14.10M	$10.20M	$9.200M	$8.800M	$7.200M	$10.50M	$24.50M	$24.10M	$26.10M	$22.40M	$6.600M	$4.000M
YoY Change				-1.41%	-1.39%	24.14%	3.57%	0.0%	-62.91%	7.09%	38.24%	10.87%	4.55%	22.22%	-31.43%	-57.14%	1.66%	-7.66%	16.52%	239.39%	65.0%
Total Long-Term Assets	$480.2M	$355.8M	$224.2M	$237.6M	$241.9M	$337.9M	$162.7M	$104.2M	$118.0M	$112.4M	$105.7M	$179.3M	$108.4M	$108.6M	$124.1M	$131.1M	$165.1M	$114.1M	$140.4M	$115.6M	$16.70M	$11.80M
YoY Change	34.98%	58.67%	-5.63%	-1.78%	-28.41%	107.68%	56.14%	-11.69%	4.98%	6.34%	-41.05%	65.41%	-0.18%	-12.49%	-5.34%	-20.59%	44.7%	-18.73%	21.45%	592.22%	41.53%
Total Assets	$736.6M	$673.4M	$492.7M	$348.5M	$402.4M	$481.0M	$410.1M	$333.7M	$305.3M	$280.7M	$274.9M	$337.3M	$286.2M	$277.6M	$328.7M	$286.1M	$332.2M	$285.1M	$198.5M	$159.0M	$34.60M	$24.40M
YoY Change
Accounts Payable	$201.0K	$835.0K	$927.0K	$500.0K	$400.0K	$5.100M	$3.300M	$0.00	$4.400M
YoY Change	-75.93%	-9.92%	85.4%	25.0%	-92.16%	54.55%		-100.0%
Accrued Expenses	$206.8M	$216.6M	$103.7M	$87.00M	$91.50M	$98.00M	$41.40M	$35.30M	$30.50M	$28.30M	$25.20M	$25.80M	$23.30M	$20.30M	$12.00M	$15.50M	$43.90M	$36.50M	$27.80M	$7.600M	$6.600M	$2.300M
YoY Change	-4.52%	108.86%	19.19%	-4.92%	-6.63%	136.71%	17.28%	15.74%	7.77%	12.3%	-2.33%	10.73%	14.78%	69.17%	-22.58%	-64.69%	20.27%	31.29%	265.79%	15.15%	186.96%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$14.70M	$9.300M	$0.00	$16.10M	$10.70M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change											-100.0%	58.06%		-100.0%	50.47%
Long-Term Debt Due																					$100.0K	$200.0K
YoY Change																					-50.0%
Total Short-Term Liabilities	$222.3M	$233.6M	$137.4M	$107.9M	$121.4M	$130.3M	$70.80M	$51.10M	$47.90M	$32.40M	$32.80M	$49.30M	$37.50M	$29.40M	$28.20M	$26.20M	$47.00M	$42.00M	$32.20M	$11.60M	$6.700M	$2.500M
YoY Change	-4.85%	69.98%	27.35%	-11.12%	-6.83%	84.04%	38.55%	6.68%	47.84%	-1.22%	-33.47%	31.47%	27.55%	4.26%	7.63%	-44.26%	11.9%	30.43%	177.59%	73.13%	168.0%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.700M	$6.500M	$4.800M
YoY Change																			-100.0%	-73.85%	35.42%
Other Long-Term Liabilities	$21.66M	$12.86M	$10.95M	$15.60M	$14.00M	$13.90M	$16.00M	$15.90M	$14.40M	$19.70M	$18.40M	$18.20M	$13.40M	$14.90M	$12.20M	$15.00M	$3.400M	$1.800M	$1.700M	$100.0K	$100.0K	$100.0K
YoY Change	68.45%	17.44%	-29.82%	11.43%	0.72%	-13.13%	0.63%	10.42%	-26.9%	7.07%	1.1%	35.82%	-10.07%	22.13%	-18.67%	341.18%	88.89%	5.88%	1600.0%	0.0%	0.0%
Total Long-Term Liabilities	$21.66M	$12.86M	$10.95M	$15.60M	$14.00M	$13.90M	$16.00M	$15.90M	$14.40M	$19.70M	$18.40M	$18.20M	$13.40M	$14.90M	$12.20M	$15.00M	$3.400M	$1.800M	$1.700M	$1.800M	$6.600M	$4.900M
YoY Change	68.45%	17.44%	-29.82%	11.43%	0.72%	-13.13%	0.63%	10.42%	-26.9%	7.07%	1.1%	35.82%	-10.07%	22.13%	-18.67%	341.18%	88.89%	5.88%	-5.56%	-72.73%	34.69%
Total Liabilities	$355.3M	$335.8M	$237.5M	$174.2M	$188.7M	$258.4M	$134.6M	$67.90M	$73.50M	$52.70M	$51.40M	$120.7M	$55.70M	$44.20M	$43.80M	$41.20M	$50.30M	$43.70M	$33.90M	$13.40M	$13.80M	$7.700M
YoY Change	5.81%	41.4%	36.34%	-7.68%	-26.97%	91.98%	98.23%	-7.62%	39.47%	2.53%	-57.42%	116.7%	26.02%	0.91%	6.31%	-18.09%	15.1%	28.91%	152.99%	-2.9%	79.22%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Basic Shares Outstanding	49.31M shares	48.78M shares	48.32M shares	47.80M shares	47.27M shares	46.79M shares	46.35M shares	45.95M shares	45.43M shares	44.79M shares	44.27M shares	43.77M shares	43.19M shares	42.72M shares	42.34M shares
Diluted Shares Outstanding	49.55M shares	49.30M shares	49.09M shares	48.68M shares	48.30M shares	47.38M shares	46.98M shares	46.43M shares	45.90M shares	45.64M shares	45.08M shares	44.48M shares	43.98M shares	43.23M shares	42.34M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $5.1266 Billion

About COHEN & STEERS, INC.

Cohen & Steers, Inc. is a holding company which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. The company is headquartered in New York City, New York and currently employs 405 full-time employees. The company went IPO on 2004-08-13. The firm is specialized in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. The Company’s distribution network encompasses two channels, wealth and institutional. Its wealth channel includes registered investment advisers, wire houses, independent and regional broker dealers and bank trusts. Its institutional channel includes sovereign wealth funds, corporate plans, insurance companies and public funds, including defined benefit and defined contribution plans, as well as other financial institutions that access its investment management services directly or through consultants and other intermediaries. The firm manages three types of investment vehicles, such as open-end funds, institutional accounts, and closed end.

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