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Vornado Realty VNO Ratios & Valuation

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Profitability
Net margin44%50%49.9%
EBITDA margin91.3%98.7%100.3%
Returns
Return on equity14%16.2%16%
Return on assets5%5.7%5.7%
Return on invested capital17%16.6%20.5%
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×+0.4×0.5×-0.1×0.5×+0.3×0.5×+0.3×0.1×0.0×
Debt-to-assets0.2×+0.2×0.2×0.0×0.2×+0.1×0.2×+0.1×0.0×
Net debt / EBITDA1.4×1.1×
Interest coverage3.4×3.7×3.4×
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 / earnings6.2×7.1×8.6×
Price / sales2.7×-1.2×3.5×-1.0×4.3×+0.1×4.1×+1.3×3.9×+0.9×
Price / book0.8×-0.5×1.1×-0.5×1.3×-0.1×1.2×+0.3×1.3×+0.3×
EV / EBITDA4.4×4.7×5.3×
EV / sales+0.2×4.6×-1.2×5.3×+1.2×4.9×+2.3×3.9×+0.9×
Earnings yield16%14.2%11.6%

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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.