Vornado Realty Trust financials
$33.89−0.62%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.81B | $1.79B | $1.81B | $1.80B | $1.59B | $1.53B | $1.92B | $2.16B | $2.08B | $2.00B |
| Gross profit | $1.81B | $1.79B | $1.81B | $1.80B | $1.59B | $1.53B | $1.92B | $2.16B | $2.08B | $2.00B |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | $258.7M | $246.0M | $246.0M | $265.7M | $221.3M | -$22.8M | $299.5M | $583.0M | $608.7M | $579.8M |
| Net income | $842.9M | $8.3M | $43.4M | -$408.6M | $101.1M | -$348.7M | $3.10B | $384.8M | $162.0M | $823.6M |
| Net margin | 46.6% | 0.5% | 2.4% | −22.7% | 6.4% | −22.8% | 161.0% | 17.8% | 7.8% | 41.1% |
| Diluted EPS | $4.20 | $0.04 | $0.23 | $-2.13 | $0.53 | $-1.83 | $16.21 | $2.01 | $0.85 | $4.34 |
| EBITDA | $742.3M | $717.6M | $749.0M | $819.0M | $658.5M | $569.2M | $825.2M | $1.05B | $1.09B | $1.18B |
| Operating cash flow | $1.26B | $537.7M | $648.2M | $798.9M | $761.8M | $424.2M | $662.5M | $802.6M | $860.1M | $947.1M |
| Free cash flow | $817.1M | $294.8M | $62.3M | $57.9M | $172.9M | -$177.7M | -$495.2M | -$265.0M | $473.7M | -$47.0M |
| Diluted shares | 201.0M | 196.6M | 191.9M | 191.8M | 192.1M | 191.1M | 191.1M | 191.3M | 191.3M | 190.2M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $840.9M | $733.9M | $997.0M | $889.7M | $1.76B | $1.62B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $472.0M | — | — |
| Total debt | $7.19B | $8.24B | $8.25B | $8.39B | $8.62B | $7.40B |
| Total assets | $15.52B | $16.00B | $16.19B | $16.49B | $17.27B | $16.22B |
| Total liabilities | $8.72B | $9.71B | $9.74B | $9.98B | $10.06B | $8.67B |
| Shareholders' equity | $6.16B | $5.45B | $5.81B | $6.08B | $6.52B | $6.95B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology