What is Vornado Realty's net margin?

Vornado Realty (VNO) reported net margin of 44% in Q1 2026.

How has Vornado Realty's net margin changed year-over-year?

Vornado Realty's net margin increased by 379.6% year-over-year, from 9.2% to 44%.

What is the long-term trend for Vornado Realty's net margin?

Over 4 years (2020 to 2025), Vornado Realty's net margin has grown at a 26.6% compound annual growth rate (CAGR), from -19.4% to 50%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Vornado Realty VNO Net margin

Net margin at other companies

Equity ResidentialEQR

30.6%-2.5pp

Mid-America Apartment CommunitiesMAA

17.6%-8.1pp

Toll BrothersTOL

11.7%-1.3pp

D.R. HortonDHI

9.5%-2.6pp

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%—

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.

net income/total revenue=44%

Based on trailing twelve months.

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 net margin?: Vornado Realty (VNO) reported net margin of 44% in Q1 2026.
How has Vornado Realty's net margin changed year-over-year?: Vornado Realty's net margin increased by 379.6% year-over-year, from 9.2% to 44%.
What is the long-term trend for Vornado Realty's net margin?: Over 4 years (2020 to 2025), Vornado Realty's net margin has grown at a 26.6% compound annual growth rate (CAGR), from -19.4% to 50%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.