Cohen & Steers, Inc. (CNS) Balance Sheet
CNS balance sheet, 2025
December 31, 2025 · U.S. dollars$910.5M assets = $276.6M liabilities + $633.8M equity
Both columns are drawn to the same scale: what CNS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CNS financial health
Descriptive bands, not a rating. Fiscal 2025.
CNS balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $333.7M2016 | $910.5M2025 | +11.8%/yr | |
| Total liabilities | $67.1M2016 | $276.6M2025 | +17.1%/yr | |
| Shareholders’ equity | $266.7M2016 | $562.0M2025 | +8.6%/yr | |
| Cash & short-term investments | $231.3M2016 | $145.5M2025 | −5.0%/yr | |
| Total debt | $7.4M2016 | $138.3M2025 | +38.5%/yr | |
| Net cash (debt) | $223.9M2016 | $7.1M2025 | −$216.8M | |
| Working capital | $263.4M2016 | $211.7M2025 | −$51.7M | |
| Book value per share | $5.742016 | $10.882025 | +7.4%/yr | |
| Debt / equity | 0.032016 | 0.252025 | +0.22 | |
| Shares outstanding | 46.4M2016 | 51.6M2025 | +1.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CNS assets
CNS liabilities and equity
CNS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CNS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $145.5M | $309.9M | $265.4M | $262.7M | $208.1M | $41.2M | $101.4M | $92.7M | $295.4M | $231.3M |
| Cash & equivalents | $145.5M | $183.0M | $187.4M | $247.4M | $184.4M | $41.2M | $101.4M | $92.7M | $193.5M | $183.2M |
| Short-term investments | $165.4M | $127.0M | $78.0M | $15.3M | $23.7M | $18.7M | $15.0M | $108.4M | $101.9M | $48.1M |
| Receivables | $81.6M | $75.9M | $73.6M | $68.8M | $87.7M | $74.8M | $60.8M | $64.6M | $60.3M | $47.9M |
| Inventory | $0 | $0 | $187.4M | −$15.3M | −$23.7M | −$18.7M | −$15.0M | −$108.4M | −$74.9M | −$12.2M |
| Other current assets | $0 | $0 | $0 | $15.3M | $23.7M | $18.7M | $15.0M | $108.4M | $74.9M | $12.2M |
| Total current assets | $227.1M | $385.8M | $339.0M | $331.5M | $295.7M | $116.0M | $162.2M | $157.4M | $355.7M | $279.2M |
| Property, plant & equipment (net) | $162.4M | $167.8M | $169.6M | $145.2M | $30.9M | $41.5M | $50.9M | $14.1M | $15.0M | $16.0M |
| Goodwill & intangible assets | $20.0M | $18.8M | $19.4M | $19.0M | $19.7M | $20.5M | $19.6M | $19.8M | $20.4M | $19.1M |
| Long-term investments | $271.0M | $208.4M | $181.0M | $173.0M | $154.7M | $155.0M | $155.2M | $224.9M | $81.0M | $19.1M |
| Other non-current assets | $229.9M | $31.6M | $27.5M | $4.7M | $0 | $15.4M | $14.5M | $16.4M | $0 | $312,000 |
| Total assets | $910.5M | $812.4M | $736.6M | $673.4M | $492.7M | $348.5M | $402.4M | $432.6M | $410.1M | $333.7M |
| Liabilities | ||||||||||
| Accounts payable | $8.6M | $8.5M | $10.1M | $8.4M | $10.2M | $7.7M | $7.3M | $8.5M | $6.2M | $6.5M |
| Short-term debt | $15.4M | $14.0M | $9.2M | $11.8M | $12.3M | $12.2M | $11.9M | $5.8M | $6.0M | $6.2M |
| Deferred revenue | — | — | — | −$11.8M | −$12.3M | −$12.2M | −$11.9M | $5.8M | $6.0M | $6.2M |
| Total current liabilities | $15.4M | $15.2M | $15.5M | $17.0M | $33.7M | $20.9M | $29.9M | $32.3M | $29.4M | $15.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $138.3M | $141.1M | $140.4M | $138.8M | $24.5M | $34.9M | $43.3M | — | — | — |
| Other long-term liabilities | $261.2M | $222.3M | $228.4M | $229.4M | $114.6M | $102.6M | $105.4M | $63.4M | $57.4M | $51.2M |
| Total liabilities | $276.6M | $237.5M | $243.9M | $246.4M | $148.4M | $123.5M | $135.3M | $95.7M | $86.8M | $67.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $583,000 | $575,000 | $558,000 | $551,000 | $543,000 | $535,000 | $527,000 | $518,000 | $511,000 | $504,000 |
| Retained earnings (deficit) | −$105.8M | −$129.3M | −$158.2M | −$171.4M | −$232.0M | −$291.5M | −$242.5M | −$208.4M | −$138.0M | −$128.0M |
| Treasury stock | — | — | — | −$250.2M | −$223.4M | −$200.8M | −$174.8M | −$164.4M | −$153.8M | −$144.7M |
| Accumulated other comprehensive income | −$4.7M | −$10.0M | −$7.7M | −$10.8M | −$5.9M | −$4.1M | −$6.3M | −$7.3M | −$3.7M | −$5.9M |
| Minority interest | $71.9M | $63.2M | $111.4M | $4.1M | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $562.0M | $511.7M | $381.2M | $337.6M | $255.2M | $174.2M | $213.7M | $336.8M | $323.3M | $266.7M |
| Key figures | ||||||||||
| Total debt | $138.3M | $141.1M | $140.4M | $138.8M | $24.5M | $34.9M | $43.3M | $54.3M | $7.1M | $7.4M |
| Net cash (debt) | $7.1M | $168.8M | $125.0M | $123.9M | $183.6M | $6.3M | $58.0M | $38.4M | $288.3M | $223.9M |
| Working capital | $211.7M | $370.6M | $323.5M | $314.5M | $262.0M | $95.1M | $132.3M | $125.1M | $326.3M | $263.4M |
| Tangible book value | $541.9M | $493.0M | $361.8M | $318.5M | $235.5M | $153.7M | $194.1M | $317.1M | $303.0M | $247.5M |
| Book value per share | $10.88 | $10.05 | $7.69 | $6.85 | $5.20 | $3.58 | $4.42 | $7.11 | $6.88 | $5.74 |
| Shares outstanding | 51.6M | 50.9M | 49.6M | 49.3M | 49.1M | 48.7M | 48.3M | 47.4M | 47.0M | 46.4M |
| Current ratio | 14.76 | 25.39 | 21.93 | 19.49 | 8.77 | 5.55 | 5.43 | 4.88 | 12.10 | 17.64 |
| Quick ratio | 14.76 | 25.39 | 21.93 | 19.49 | 8.77 | 5.55 | 5.43 | 4.88 | 12.10 | 17.64 |
| Debt / equity | 0.25 | 0.28 | 0.37 | 0.41 | 0.10 | 0.20 | 0.20 | 0.16 | 0.02 | 0.03 |
| Equity / assets | 61.7% | 63.0% | 51.8% | 50.1% | 51.8% | 50.0% | 53.1% | 77.9% | 78.8% | 79.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $612.2M | $53.1M | $145.5M | $295.7M | $230.1M | $212.2M | $309.9M | $292.6M | $266.7M | $177.4M | $265.4M |
| Cash & equivalents | $59.2M | $53.1M | $145.5M | $98.1M | $95.4M | $65.2M | $183.0M | $106.5M | $122.0M | $99.5M | $187.4M |
| Short-term investments | $553.0M | $199.9M | $165.4M | $197.6M | $134.7M | $147.0M | $127.0M | $186.2M | $144.6M | $77.9M | $78.0M |
| Receivables | $84.5M | $91.2M | $81.6M | $70.9M | $77.0M | $82.9M | $75.9M | $81.1M | $68.9M | $92.4M | $73.6M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$77.9M | −$78.0M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $314,000 | $77.9M | $78.0M |
| Total current assets | $143.6M | $141.7M | $227.1M | $366.6M | $307.2M | $295.1M | $385.8M | $373.8M | $335.9M | $269.9M | $339.0M |
| Property, plant & equipment (net) | $155.3M | $158.2M | $162.4M | $166.2M | $167.5M | $165.9M | $167.8M | $170.6M | $171.9M | $169.8M | $169.6M |
| Goodwill & intangible assets | $39.5M | $19.8M | $40.1M | $20.0M | $20.0M | $19.2M | $18.8M | $19.5M | $19.1M | $19.2M | $19.4M |
| Long-term investments | $0 | $307.8M | $271.0M | $218.2M | $222.9M | $326.4M | $208.4M | $134.7M | $226.7M | $195.1M | $181.0M |
| Other non-current assets | $562.5M | $227.2M | $209.8M | $30.6M | $33.4M | $28.3M | $31.6M | $29.2M | $30.4M | $26.8M | $27.5M |
| Total assets | $901.0M | $854.7M | $910.5M | $801.6M | $751.0M | $834.9M | $812.4M | $727.8M | $784.1M | $680.7M | $736.6M |
| Liabilities | |||||||||||
| Accounts payable | — | $7.9M | $8.6M | $8.7M | $8.3M | $8.2M | $8.5M | $8.3M | $9.1M | $7.7M | $10.1M |
| Short-term debt | — | — | $15.4M | $0 | $0 | $0 | $14.0M | $0 | $7.2M | — | $9.2M |
| Total current liabilities | $54.0M | $14.4M | $15.4M | $72.8M | $12.6M | $19.3M | $15.2M | $11.1M | $10.3M | $36.7M | $15.5M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $136.3M | $138.3M | $140.3M | $141.6M | $140.0M | $141.1M | $140.6M | $141.4M | $141.4M | $140.4M |
| Other long-term liabilities | $151.7M | $173.4M | $261.2M | $149.6M | $196.1M | $174.2M | $222.3M | $204.1M | $189.4M | $169.2M | $228.4M |
| Total liabilities | $205.6M | $187.8M | $276.6M | $222.4M | $208.7M | $193.5M | $237.5M | $215.2M | $199.6M | $205.9M | $243.9M |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | $589,000 | $589,000 | $583,000 | $582,000 | $582,000 | $582,000 | $575,000 | $574,000 | $574,000 | $564,000 | $558,000 |
| Retained earnings (deficit) | −$85.1M | −$98.9M | −$105.8M | −$108.3M | −$117.5M | −$121.9M | −$129.3M | −$144.4M | −$153.4M | −$154.4M | −$158.2M |
| Accumulated other comprehensive income | −$5.4M | −$5.4M | −$4.7M | −$4.5M | −$4.0M | −$7.9M | −$10.0M | −$5.4M | −$8.9M | −$8.7M | −$7.7M |
| Minority interest | — | $103.6M | $71.9M | $29.0M | $13.8M | — | — | — | — | — | — |
| Total shareholders' equity | $589.4M | $563.4M | $562.0M | $550.3M | $528.5M | $507.7M | $511.7M | $491.0M | $463.2M | $378.9M | $381.2M |
| Key figures | |||||||||||
| Total debt | $134.4M | $136.3M | $138.3M | $140.3M | $141.6M | $140.0M | $141.1M | $140.6M | $141.4M | $141.4M | $140.4M |
| Net cash (debt) | $477.8M | −$83.2M | $7.1M | $155.4M | $88.6M | $72.2M | $168.8M | $152.0M | $125.2M | $36.1M | $125.0M |
| Working capital | $89.7M | $127.3M | $211.7M | $293.8M | $294.5M | $275.8M | $370.6M | $362.6M | $325.6M | $233.2M | $323.5M |
| Tangible book value | $549.9M | $543.5M | $521.9M | $530.2M | $508.5M | $488.5M | $493.0M | $471.5M | $444.1M | $359.8M | $361.8M |
| Book value per share | $11.36 | $10.92 | $10.88 | $10.67 | $10.27 | $9.87 | $9.90 | $9.55 | $9.12 | $7.60 | $7.67 |
| Shares outstanding | 51.9M | 51.6M | 51.6M | 51.6M | 51.5M | 51.4M | 51.7M | 51.4M | 50.8M | 49.8M | 49.7M |
| Current ratio | 2.66 | 9.86 | 14.76 | 5.04 | 24.33 | 15.27 | 25.39 | 33.58 | 32.64 | 7.36 | 21.93 |
| Quick ratio | 12.91 | 10.04 | 14.76 | 5.04 | 24.33 | 15.27 | 25.39 | 33.58 | 32.61 | 7.36 | 21.93 |
| Debt / equity | 0.23 | 0.24 | 0.25 | 0.25 | 0.27 | 0.28 | 0.28 | 0.29 | 0.31 | 0.37 | 0.37 |
| Equity / assets | 65.4% | 65.9% | 61.7% | 68.6% | 70.4% | 60.8% | 63.0% | 67.5% | 59.1% | 55.7% | 51.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
CNS financial position
At the end of fiscal 2025 (December 31, 2025), Cohen & Steers had total assets of $910.5 million (up 12.1% from a year earlier), total liabilities of $276.6 million and shareholders' equity of $562.0 million. It held $145.5 million in cash and short-term investments against $138.3 million of debt, a net cash position of $7.1 million. Its current ratio was 14.76. In the latest quarter (ended June 30, 2026) total assets were $901.0 million and equity $589.4 million.
Related: CNS income statement, CNS cash flow statement, CNS key metrics. See the CNS stock overview for the latest quote and news.
CNS balance sheet FAQ
What are Cohen & Steers's total assets?
Cohen & Steers reported total assets of $910.5 million at the end of fiscal 2025 (December 31, 2025), compared with $812.4 million a year earlier.
How much debt does Cohen & Steers have?
Cohen & Steers had $138.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.25.
How much cash does Cohen & Steers have?
Cohen & Steers held $145.5 million in cash and short-term investments at the end of fiscal 2025; with $138.3 million of debt that is net cash of $7.1 million.
What is Cohen & Steers's book value?
Cohen & Steers's shareholders' equity (book value) was $562.0 million at the end of fiscal 2025, or $10.88 per share.
What is Cohen & Steers's current ratio?
Cohen & Steers had current assets of $227.1 million and current liabilities of $15.4 million, a current ratio of 14.76 (it can cover its short-term obligations).
How much goodwill does Cohen & Steers have?
Cohen & Steers carried $20.0 million of goodwill and intangible assets, 2.2% of total assets, at the end of fiscal 2025.