Valuation, from the filing
| Public float | $2.10B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $40.86 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 13.7× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 3.8× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 3.4× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
13.7× earnings today, against a median of 9.5× across 10 years on record. Above its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $2.10B | 13.7× | |
| 2024-06-30 | $2.00B | 13.2× | |
| 2023-06-30 | $1.50B | 11.6× | |
| 2022-06-30 | $1.60B | 9.4× | |
| 2021-06-30 | $2.00B | 9.5× | |
| 2020-06-30 | $1.70B | 22.2× | |
| 2019-06-30 | $1.20B | 8.9× | |
| 2018-06-30 | $922.00M | 8.1× | |
| 2017-06-30 | $878.00M | 9.5× | |
| 2016-06-30 | $836.00M | 9.0× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Investment Advice filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| FCF margin | -22.7% | 7th | |
| Operating margin | 32.0% | 83th | |
| Net margin | 27.6% | 76th | |
| SBC / revenue | 8.3% | 71th | |
| CapEx / revenue | 1.1% | 59th | |
| Revenue YoY growth | 7.5% | 44th |
COHEN & STEERS, INC. (CNS) reported revenue of $599.60M and net income of $168.83M for the fiscal year ended 2026-09-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from COHEN & STEERS, INC.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Investment Advice.
Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.
Income
| Metric | 2026-09-30 |
|---|---|
| Revenue | $599.60M |
| Cost of revenue | Unavailable |
| Gross profit | Unavailable |
| Operating income | $194.27M |
| Net income | $168.83M |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | $227.50M |
| Income tax expense | Unavailable |
| Diluted EPS | Unavailable |
| Selling, general & administrative | Unavailable |
| General & administrative | $74.59M |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-09-30 |
|---|---|
| Cash & equivalents | $66.12M |
| Total assets | $979.82M |
| Current assets | Unavailable |
| Total liabilities | $231.09M |
| Current liabilities | Unavailable |
| Total equity incl. NCI | $681.24M |
| Temporary (mezzanine) equity | $67.49M |
| Inventory | Unavailable |
| Accounts receivable | Unavailable |
| Goodwill | Unavailable |
| Long-term debt | Unavailable |
| Accounts payable | Unavailable |
Cash flow
| Metric | 2026-09-30 |
|---|---|
| Operating cash flow | $37.94M |
| Capital expenditures | Unavailable |
| Investing cash flow | -$34.42M |
| Financing cash flow | -$34.98M |
| Net change in cash | Unavailable |
| Stock-based compensation | $42.94M |
| Common dividends paid | $135.35M |
| Common share repurchases | $19.23M |
| Depreciation & amortization | $10.37M |
Derived
| Metric | 2026-09-30 |
|---|---|
| Free cash flow | Unavailable |
| Gross margin | Unavailable |
| Operating margin | 32.4% |
| FCF margin | Unavailable |
| SBC / revenue | 7.2% |
| Current ratio | Unavailable |
| Revenue YoY growth | 8.6% |
| Net margin | 28.2% |
| R&D / revenue | Unavailable |
| CapEx / revenue | Unavailable |
| Long-term debt / equity | Unavailable |
| Effective tax rate | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open CNS in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.