/
Cohen & Steers, founded in 1986, is a global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore, we serve institutional and …
$84.65
+$3.58 (+4.42%)
EOD Jul 17, 2026
Margins and capital returns are both well above average: 31.96% operating margin, ROIC at 18.62%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 7.5%, steady but not accelerating. Free cash flow declined 249% despite revenue growth, conversion is weakening.
At 28x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 249% versus the prior year, cash generation momentum has weakened.
28.0x earnings. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$567M
▲ +7.5% YoY
Net Income (TTM)
$156M
▲ +1.3% YoY
Op. Margin
32.20%
▼ -1.5pp YoY
ROIC
20.91%
▼ -2.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$63M
▼ -248.7% YoY
Op. Cash Flow (TTM)
-$63M
▼ -224.6% YoY
Net Debt
$83M
Cash & Equiv.
$53M
5Y CAGR: +5.4%
Continue Research
At a P/E of 28.0, Cohen & Steers (CNS)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in .
On quality, Cohen & Steers scores 19/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 3.0%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Cohen & Steers scores 19 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 32.2% operating margin and a 20.9% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Cohen & Steers pays a regular dividend of about $2.51 per share per year (typically in quarterly installments), a yield of roughly 3.0% at the current price. That is a payout ratio of about 83.3% of earnings, so the dividend is covered, with less cushion. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For CNS's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. you should weigh CNS's valuation and scores 19/100 on quality (lower-quality). It also yields about 3.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.