balance equationreview2025-12-31
Difference 199271000 exceeds tolerance 11082607.000. Presentation or filing-vintage differences need review.
Revenue
$1.00B
Fiscal year ended 2025-12-31Operating income
$651.93M
Fiscal year ended 2025-12-31Free cash flow
Unavailable
Fiscal year ended 2025-12-31Valuation, from the filing
| Public float | $3.90B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $54.91 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / revenue | 3.9× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 1.0× | 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
149.9× earnings today, against a median of 32.4× across 7 years on record. Above its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2024-06-30 | $3.30B | 149.9× | |
| 2021-06-30 | $4.90B | 10.9× | |
| 2020-06-30 | $3.30B | 8.9× | |
| 2019-06-30 | $6.10B | 22.6× | |
| 2018-06-30 | $8.00B | 32.4× | |
| 2017-06-30 | $9.80B | 96.7× | |
| 2016-06-30 | $10.00B | 40.0× |
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 Real Estate Investment Trusts 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 | |
|---|---|---|---|
| Operating margin | 65.0% | 92th | |
| Revenue YoY growth | 13.2% | 85th | |
| Net margin | -9.7% | 21th |
SL GREEN REALTY CORP (SLG) reported revenue of $1.00B and net income of -$96.91M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from SL GREEN REALTY CORP’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Real Estate Investment Trusts.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.00B | $886.27M | $913.71M | $919.45M | $861.31M | $1.05B | $1.24B | $1.23B | $1.51B | $1.86B |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | $651.93M | $730.63M | $598.69M | $605.57M | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Net income | -$96.91M | $22.01M | -$564.56M | -$78.07M | $449.75M | $371.06M | $270.43M | $247.26M | $101.37M | $249.90M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 70.44M | shares 65.69M | shares 67.97M | shares 67.93M | shares 70.77M | shares 75.08M | shares 81.86M | shares 89.07M | shares 103.40M | shares 104.88M |
| Pretax income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $165.03M | -$4.62M |
| Income tax expense | Unavailable | $700.00K | $9.20M | $2.60M | $2.80M | $1.20M | $1.50M | $2.80M | $4.30M | $2.80M |
| Diluted EPS | $-1.61 | $0.08 | $-9.12 | $-1.49 | $6.50 | $5.01 | $3.28 | $2.75 | $0.87 | $2.34 |
| Selling, general & administrative | $89.31M | $85.19M | $111.39M | $93.80M | $94.91M | $91.83M | $100.88M | $92.63M | $100.50M | $99.76M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $155.75M | $184.29M | $221.82M | $203.27M | $251.42M | $266.06M | $166.07M | $129.48M | $127.89M | $279.44M |
| Total assets | $11.08B | $10.47B | $9.53B | $12.36B | $11.07B | $11.71B | $12.77B | $12.75B | $13.98B | $15.86B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $6.73B | $5.92B | $5.27B | $7.26B | $5.75B | $6.21B | $6.56B | $6.12B | $6.63B | $7.33B |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $3.91B | $4.07B | $3.86B | $4.65B | $4.78B | $4.94B | $5.52B | $5.95B | $6.59B | $7.75B |
| Temporary (mezzanine) equity | $241.37M | $288.94M | $238.05M | $269.99M | $344.25M | $358.26M | $409.86M | $300.43M | $301.74M | $302.01M |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Goodwill | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt | Unavailable | Unavailable | Unavailable | $3.23B | $1.39B | $1.98B | $2.18B | $1.96B | $2.84B | $4.07B |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $82.91M | $129.60M | $229.50M | $276.09M | $255.98M | $554.24M | $376.47M | $441.54M | $543.00M | $644.01M |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $252.99M | $254.46M | $336.00M | Unavailable |
| Investing cash flow | -$330.80M | $118.75M | $171.34M | $425.80M | $993.58M | $1.06B | $114.49M | $681.66M | $22.01M | $1.97B |
| Financing cash flow | $252.75M | -$252.23M | -$449.38M | -$654.82M | -$1.29B | -$1.48B | -$528.65M | -$1.09B | -$684.96M | -$2.74B |
| Net change in cash | $4.86M | -$3.88M | -$48.54M | $47.07M | -$35.81M | $131.36M | -$37.68M | $29.09M | -$119.94M | -$119.01M |
| Stock-based compensation | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common dividends paid | $242.64M | $218.82M | $230.93M | $262.14M | $271.08M | $294.00M | $306.39M | $313.23M | $333.54M | $314.08M |
| Common share repurchases | Unavailable | $0 | $0 | $151.20M | $341.40M | $528.48M | $384.40M | $979.54M | $806.30M | $0 |
| Depreciation & amortization | $262.77M | $214.06M | $255.65M | $223.98M | $228.39M | $325.46M | $284.01M | $289.90M | $418.80M | $845.60M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $207.00M | Unavailable |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | 65.0% | 82.4% | 65.5% | 65.9% | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 13.7% | Unavailable |
| SBC / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | 13.2% | -3.0% | -0.6% | 6.8% | -18.2% | -15.0% | 0.9% | -18.8% | -18.9% | Unavailable |
| Net margin | -9.7% | 2.5% | -61.8% | -8.5% | 52.2% | 35.2% | 21.8% | 20.1% | 6.7% | 13.4% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 22.2% | Unavailable |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open SLG in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-05-01View SEC filing
10-K · Filed 2026-02-17View SEC filing
10-Q · Filed 2025-11-03View SEC filing
10-Q · Filed 2025-08-08View SEC filing
10-Q · Filed 2025-05-01View SEC filing
10-K/A · Filed 2025-04-17View SEC filing
Reconciliation checks needing review
10 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
balance equationreview2024-12-31
Difference 196064000 exceeds tolerance 10470099.000. Presentation or filing-vintage differences need review.
balance equationreview2023-12-31
Difference 166501000 exceeds tolerance 9531181.000. Presentation or filing-vintage differences need review.
balance equationreview2022-12-31
Difference 177943000 exceeds tolerance 12355794.000. Presentation or filing-vintage differences need review.
balance equationreview2021-12-31
Difference 196075000 exceeds tolerance 11066629.000. Presentation or filing-vintage differences need review.
balance equationreview2020-12-31
Difference 202169000 exceeds tolerance 11707567.000. Presentation or filing-vintage differences need review.
balance equationreview2019-12-31
Difference 283285000 exceeds tolerance 12766320.000. Presentation or filing-vintage differences need review.
balance equationreview2018-12-31
Difference 387805000 exceeds tolerance 12751358.000. Presentation or filing-vintage differences need review.
balance equationreview2017-12-31
Difference 461954000 exceeds tolerance 13982904.000. Presentation or filing-vintage differences need review.
balance equationreview2016-12-31
Difference 473882000 exceeds tolerance 15857787.000. Presentation or filing-vintage differences need review.