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Vornado Realty VNO EBITDA margin

EBITDA margin at other companies

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20.9%-22.9pp
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JBG SMITH PropertiesJBGS
28.6%-4.0pp
SEG
Seaport Entertainment GroupSEG
-65.9%+5.1pp
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American Assets TrustAAT
52.1%-12.7pp
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New England Realty AssociatesNEN
46.5%-5.9pp

Other financials

Income statement

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Revenue$459.1M-0.5%
Net income-$7.3M-107%
EPS (diluted)-$0.12-128%

Balance sheet

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Cash & equivalents$1.2B+50.1%
Total debt$3.5B+376%
Total equity$6.0B+13.2%
Total assets$15.9B+2.1%

Cash flow

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Operating cash flow$47.7M-8.2%
CapEx$171.8M
Free cash flow-$124.1M-338%

Valuation

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Market cap$7.38B+7.0%
Enterprise value$9.66B+15.5%
P/E9.3×+1.4×
P/S4.1×+0.3×

Profitability

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Operating margin26.9%
Net margin44%+34.8pp
FCF margin75.8%+47.7pp

Returns & leverage

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Return on equity14%+11.0pp
Debt / equity0.6×+0.4×

Where this comes from

Calculated from Vornado Realty’s reported figures.

Based on trailing twelve months.

The source filing: Vornado Realty’s 10-Q, filed May 4, 2026. Open the filing →

Filed
May 4, 2026, 4:24 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000899689-26-000026

FAQ

What is Vornado Realty's EBITDA margin?
Vornado Realty (VNO) reported EBITDA margin of 91.3% in Q1 2026.
How has Vornado Realty's EBITDA margin changed year-over-year?
Vornado Realty's EBITDA margin increased by 55.9% year-over-year, from 58.6% to 91.3%.
What is the long-term trend for Vornado Realty's EBITDA margin?
Over 4 years (2020 to 2025), Vornado Realty's EBITDA margin has grown at a 65.1% compound annual growth rate (CAGR), from 13.3% to 98.7%.
What does EBITDA margin mean?
EBITDA (earnings before interest, taxes, depreciation, and amortization) as a percentage of revenue, trailing twelve months. A proxy for cash operating profitability that strips out capital-structure and non-cash charges.

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