Cousins Properties
CUZ · Office REITs
$28.87
0.7%Vornado Realty Trust
VNO · Office REITs
$34.80
1.3%The short version
- Vornado Realty Trust is the larger business, with $1.8B of revenue in fiscal 2025 against $994M for Cousins Properties, about 1.8 times as much.
- Cousins Properties grew revenue faster (16.0%, against 1.3%).
- Vornado Realty Trust turned more of its sales into free cash flow (53.1% FCF margin, against 13.6% FCF margin).
- Vornado Realty Trust earned a higher return on the capital invested in it (17.4%, against 6.7%).
| Latest fiscal year | CUZ · FY25 | VNO · FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.8B | $6.8B |
| Revenue | $994M | $1.8B |
| Free cash flow | $135M | $962M |
| Net income | $40.5M | $905M |
| Growth | ||
| Revenue growth | 16.0% | 1.3% |
| 5-year growth | 6.1% | 3.5% |
| Share count change | 9.6% | 2.3% |
| Profitability | ||
| Gross margin | 68.4% | — |
| Operating margin | 67.8% | — |
| Net margin | 4.1% | 50.0% |
| FCF margin | 13.6% | 53.1% |
| Return on capital | 6.7% | 17.4% |
| Return on equity | 0.9% | 16.2% |
| Balance sheet | ||
| Net debt | $3.3B | $1.4B |
| Net debt / EBITDA | 3.1x | 0.8x |
| Dividends and buybacks | $216M | $192M |
| Valuation & quality | ||
| P/E | — | — |
| Piotroski F-score | — | — |
FY16
CUZ $259M
VNO $2.0B
FY17
CUZ $466M
VNO $2.1B
FY18
CUZ $475M
VNO $2.2B
FY19
CUZ $658M
VNO $1.9B
FY20
CUZ $740M
VNO $1.5B
FY21
CUZ $755M
VNO $1.6B
FY22
CUZ $762M
VNO $1.8B
FY23
CUZ $803M
VNO $1.8B
FY24
CUZ $857M
VNO $1.8B
FY25
CUZ $994M
VNO $1.8B
CUZ
VNO
FY16
CUZ 100.4%
VNO 28.9%
FY17
CUZ 67.2%
VNO 29.2%
FY18
CUZ 68.6%
VNO 26.9%
FY19
CUZ 65.7%
VNO —
FY20
CUZ 65.7%
VNO —
FY21
CUZ 65.4%
VNO —
FY22
CUZ 65.9%
VNO —
FY23
CUZ 66.2%
VNO —
FY24
CUZ 66.6%
VNO —
FY25
CUZ 67.8%
VNO —
CUZ
VNO
FY16
CUZ —
VNO $608M
FY17
CUZ —
VNO $589M
FY18
CUZ —
VNO $568M
FY19
CUZ —
VNO $593M
FY20
CUZ —
VNO $423M
FY21
CUZ —
VNO $759M
FY22
CUZ $22.9M
VNO $796M
FY23
CUZ $88.8M
VNO $615M
FY24
CUZ $148M
VNO $538M
FY25
CUZ $135M
VNO $962M
CUZ
VNO
FY16
CUZ 6.6%
VNO 7.8%
FY17
CUZ 6.5%
VNO 8.6%
FY18
CUZ 6.7%
VNO 9.7%
FY19
CUZ 6.5%
VNO 52.5%
FY20
CUZ 5.8%
VNO −2.1%
FY21
CUZ 5.8%
VNO 5.9%
FY22
CUZ 5.7%
VNO −0.9%
FY23
CUZ 6.0%
VNO 3.0%
FY24
CUZ 6.0%
VNO 3.0%
FY25
CUZ 6.7%
VNO 17.4%
CUZ
VNO
Add another company
Compare up to four at once.
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.