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Vornado Realty VNO Invested capital

Discontinued — last reported Q1 '26

Invested capital at other companies

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Lamb WestonLW
7.2%-1.0pp
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Boyd GamingBYD
10.9%-2.4pp
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Granite ConstructionGVA
12.2%+0.9pp
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CrocsCROX
1.9%-26.6pp
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Conagra BrandsCAG
13.6%+4.8pp
SSR Mining logo
SSR MiningSSRM
18.7%

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$7.11B-29.8%
Enterprise value$9.4B+3.6%
P/E8.9×-52.0×
P/S3.9×-1.7×

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.

The official record: Vornado Realty’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Vornado Realty's invested capital?
Vornado Realty (VNO) reported invested capital of $8.3B in Q1 2026.
How has Vornado Realty's invested capital changed year-over-year?
Vornado Realty's invested capital increased by 58.4% year-over-year, from $5.24B to $8.3B.
What is the long-term trend for Vornado Realty's invested capital?
Over 5 years (2020 to 2025), Vornado Realty's invested capital has grown at a 2.6% compound annual growth rate (CAGR), from $7.02B to $7.97B.
What does invested capital mean?
Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).