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Vornado Realty VNO Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Net margin44%-6.0pp50%+0.1pp49.9%+1.4pp48.5%+39.3pp9.2%+5.2pp
EBITDA margin91.3%-7.3pp98.7%-1.6pp100.3%-0.9pp101.1%+42.5pp58.6%+5.1pp
Returns
Return on equity14%-2.2pp16.2%+0.3pp16%+1.0pp14.9%+11.9pp3.1%+1.7pp
Return on assets5%-0.7pp5.7%+0.1pp5.7%+0.2pp5.5%+4.5pp1%+0.6pp
Return on invested capital17%+0.4pp16.6%-3.9pp20.5%0.0pp20.5%+11.2pp9.3%+6.1pp
Efficiency
Asset turnover0.1×0.0×0.1×0.0×0.1×0.0×0.1×0.0×0.1×0.0×
Leverage
Debt-to-equity0.6×+0.1×0.5×0.0×0.5×0.0×0.5×+0.3×0.1×-0.5×
Debt-to-assets0.2×0.0×0.2×0.0×0.2×0.0×0.2×+0.1×-0.2×
Net debt / EBITDA1.4×+0.3×1.1×+0.1×+0.2×0.8×+0.9×-0.1×-2.5×
Interest coverage3.4×-0.3×3.7×+0.2×3.4×+0.3×3.2×+1.8×1.3×+0.2×
Per Share
Book value per share$31.73+6.5%$29.78-1.8%$30.310.0%$30.30+14.5%$26.47+0.9%
Valuation
Market capitalization$4.96B-22.5%$6.39B-17.9%$7.78B+5.4%$7.38B+4.6%$7.06B-11.9%
Enterprise value$7.24B-13.6%$8.38B-12.8%$9.6B+8.6%$8.85B+26.6%$6.99B-32.7%
Price / earnings6.2×-0.8×7.1×-1.5×8.6×+0.2×8.4×-34.0×42.5×-71.4×
Price / sales2.7×-0.8×3.5×-0.8×4.3×+0.2×4.1×+0.2×3.9×-0.6×
Price / book0.8×-0.2×1.1×-0.2×1.3×+0.1×1.2×-0.1×1.3×-0.2×
EV / EBITDA4.4×-0.3×4.7×-0.6×5.3×+0.4×4.9×-1.7×6.6×-4.3×
EV / sales-0.6×4.6×-0.7×5.3×+0.4×4.9×+1.1×3.9×-2.0×
Earnings yield16%+1.9pp14.2%+2.5pp11.6%-0.2pp11.9%+9.5pp2.4%+1.5pp
PEG ratio0.0×

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Questions, answered.

Where do Vornado Realty's ratios come from?
Every ratio is computed from Vornado Realty's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.