The Filing Desk

Cousins Properties vs Vornado Realty Trust

Cousins Properties CUZ · Vornado Realty Trust VNO · Office REITs

Vornado Realty Trust reported revenue of $1.8 billion in fiscal 2025, 1.8 times Cousins Properties' $994 million in fiscal 2025. Cousins Properties' revenue grew 16.0% in its latest year, and Vornado Realty Trust's grew 1.3%. Free cash flow was $135 million at Cousins Properties and $962 million at Vornado Realty Trust.

Side by side

Cousins PropertiesVornado Realty Trust
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$994M$1.8B
Revenue growth16.0%1.3%
Revenue growth a year, last 5 years6.1%3.4%
Gross margin68.3%—
Operating margin67.8%—
Net margin4.1%50.0%
Free cash flow$135M$962M
Free cash flow margin13.6%53.1%
Return on capital6.7%17.4%
Net debt to EBITDA3.1x0.8x
Dividends and buybacks$216M$192M
Change in diluted share count9.6%2.2%
Last close$29.18$34.80
P/E at the last close——
Insider trades, last 12 monthssold $177,612bought $5.7 million, sold $4.9 million
Piotroski F-score——
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Cousins PropertiesVornado Realty Trust
Operating margin
Percent of revenue
Cousins PropertiesVornado Realty Trust
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Cousins PropertiesVornado Realty Trust

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Cousins Properties and Vornado Realty Trust pages.