Vornado Realty VNO Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Net margin | 44%+34.8pp | 50%+46.0pp | 49.9%— | 48.5%— | 9.2%— | |
| EBITDA margin | 91.3%+32.8pp | 98.7%+45.2pp | 100.3%— | 101.1%— | 58.6%— | |
| Returns | ||||||
| Return on equity | 14%+11.0pp | 16.2%+14.9pp | 16%— | 14.9%— | 3.1%— | |
| Return on assets | 5%+4.0pp | 5.7%+5.3pp | 5.7%— | 5.5%— | 1%— | |
| Return on invested capital | 17%+7.7pp | 16.6%+13.4pp | 20.5%— | 20.5%— | 9.3%— | |
| Efficiency | ||||||
| Asset turnover | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 0.6×+0.4× | 0.5×-0.1× | 0.5×+0.3× | 0.5×+0.3× | 0.1×0.0× | |
| Debt-to-assets | 0.2×+0.2× | 0.2×0.0× | 0.2×+0.1× | 0.2×+0.1× | 0×0.0× | |
| Net debt / EBITDA | 1.4×+1.5× | 1.1×-1.4× | 1×— | 0.8×— | -0.1×— | |
| Interest coverage | 3.4×+2.1× | 3.7×+2.6× | 3.4×— | 3.2×— | 1.3×— | |
| Per Share | ||||||
| Book value per share | $31.73+19.8% | $29.78+13.5% | $30.31+9.4% | $30.30+4.7% | $26.47-9.0% | |
| Valuation | ||||||
| Market capitalization | $4.96B-29.8% | $6.39B-20.3% | $7.78B+3.7% | $7.38B+47.5% | $7.06B+28.9% | |
| Enterprise value | $7.24B+3.6% | $8.38B-19.3% | $9.6B+33.0% | $8.85B+91.0% | $6.99B+31.2% | |
| Price / earnings | 6.2×-36.2× | 7.1×-107× | 8.6×— | 8.4×— | 42.5×— | |
| Price / sales | 2.7×-1.2× | 3.5×-1.0× | 4.3×+0.1× | 4.1×+1.3× | 3.9×+0.9× | |
| Price / book | 0.8×-0.5× | 1.1×-0.5× | 1.3×-0.1× | 1.2×+0.3× | 1.3×+0.3× | |
| EV / EBITDA | 4.4×-2.2× | 4.7×-6.2× | 5.3×— | 4.9×— | 6.6×— | |
| EV / sales | 4×+0.2× | 4.6×-1.2× | 5.3×+1.2× | 4.9×+2.3× | 3.9×+0.9× | |
| Earnings yield | 16%+13.7pp | 14.2%+13.3pp | 11.6%— | 11.9%— | 2.4%— | |
| PEG ratio | 0×— | 0×— | —— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
