Cousins Properties Incorporated (CUZ) Income Statement
CUZ 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCUZ revenue and net income
Where CUZ's revenue goes
2025Each bar shows an amount and its share of revenue. CUZ kept 4.1% of revenue as net income.
CUZ profit margins
CUZ growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +16.0% | +9.2% | +6.1% | +10.0% |
| Gross profit | −54.3% | −19.4% | −11.7% | +1.6% |
| Operating income | +27.8% | +7.4% | +4.6% | +11.8% |
| Net income | −11.9% | −37.6% | −29.8% | −10.7% |
| EPS (diluted) | +6.7% | −33.9% | −27.6% | −15.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CUZ quarterly EPS vs estimates
Cousins Properties beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.73).
CUZ income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $993.8M | $856.8M | $802.9M | $762.3M | $755.1M | $740.3M | $657.5M | $475.2M | $466.2M | $259.2M |
| Cost of revenue | $730.4M | $280.7M | $266.4M | $258.4M | $259.5M | $250.8M | $222.1M | $164.7M | $163.9M | $96.9M |
| Gross profit | $263.4M | $576.1M | $536.4M | $503.9M | $495.6M | $489.5M | $435.4M | $310.5M | $302.3M | $162.3M |
| Research & development | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales, general & admin | $40.4M | $36.6M | $32.3M | $28.3M | $29.3M | $27.0M | $37.0M | $22.0M | $27.5M | $25.6M |
| Total operating expenses | $40.4M | $401.6M | $347.2M | $323.9M | $317.4M | $489.5M | $435.4M | $203.4M | $224.3M | $123.5M |
| Operating income | $223.0M | $174.5M | $189.2M | $180.0M | $178.2M | $178.1M | $136.1M | $67.7M | $78.0M | $38.8M |
| Interest income | $159.2M | $122.5M | $105.5M | $16.3M | $53.9M | $14.8M | $54.0M | $39.4M | $33.5M | $26.6M |
| Interest expense | $159.3M | $122.5M | $105.5M | $72.5M | $67.0M | $60.6M | $54.0M | $39.4M | $33.5M | $26.6M |
| Income before taxes | $41.3M | $46.6M | $83.8M | $167.4M | $279.0M | $238.1M | $29.3M | $63.1M | $39.8M | −$26.7M |
| Income taxes | — | $47.2M | $853,000 | −$112.2M | $69.6M | $65.7M | −$72.3M | −$16.1M | −$176.5M | −$105.8M |
| Net income | $40.5M | $46.0M | $83.0M | $166.8M | $278.6M | $237.3M | $101.6M | $79.2M | $216.3M | $79.1M |
| EBITDA | $456.6M | $534.1M | $504.2M | $535.6M | $634.1M | $587.4M | $463.8M | $301.6M | $270.1M | $146.3M |
| EPS (diluted) | $0.32 | $0.30 | $0.55 | $1.11 | $1.87 | $1.61 | $1.16 | $0.76 | $2.04 | $1.28 |
| Gross margin | 26.5% | 67.2% | 66.8% | 66.1% | 65.6% | 66.1% | 66.2% | 65.3% | 64.8% | 62.6% |
| Operating margin | 22.4% | 20.4% | 23.6% | 23.6% | 23.6% | 24.1% | 20.7% | 14.2% | 16.7% | 15.0% |
| Net margin | 4.1% | 5.4% | 10.3% | 21.9% | 36.9% | 32.0% | 15.4% | 16.7% | 46.4% | 30.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $268.5M | $263.1M | $255.0M | $248.3M | $240.1M | $250.3M | $225.3M | $209.2M | $213.0M | $209.2M | $197.0M | $198.8M |
| Cost of revenue | $84.8M | $82.6M | $190.3M | $80.0M | $74.2M | $77.2M | $72.9M | $66.0M | $70.6M | $157.4M | $63.3M | $224.0M |
| Gross profit | $183.7M | $180.5M | $64.7M | $168.3M | $165.9M | $173.2M | $152.4M | $143.2M | $142.3M | $51.8M | $133.7M | −$25.1M |
| Sales, general & admin | $12.1M | $11.8M | $9.2M | $9.5M | $9.7M | $10.7M | $9.2M | $9.2M | $8.9M | $9.2M | $7.5M | $8.3M |
| Total operating expenses | $117.3M | $120.2M | $9.2M | $114.8M | $110.6M | $112.8M | $102.9M | $99.0M | $104.3M | $9.9M | $86.9M | −$70.5M |
| Operating income | $66.3M | $60.3M | $55.5M | $53.5M | $55.3M | $60.3M | $49.5M | $43.7M | $38.0M | $41.9M | $46.8M | $45.4M |
| Interest income | — | — | $42.5M | $41.5M | $38.5M | $36.8M | $33.1M | $30.8M | — | — | — | $27.0M |
| Interest expense | $47.1M | $45.1M | $42.5M | $41.5M | $38.5M | $36.8M | $33.1M | $30.8M | $29.7M | $28.9M | $27.5M | $27.0M |
| Income before taxes | $26.2M | −$24.7M | −$3.3M | $8.8M | $14.7M | $21.1M | $13.8M | $11.4M | $8.0M | $13.5M | $18.9M | $19.5M |
| Income taxes | — | — | — | — | — | — | $14.0M | $158,000 | $121,000 | $163,000 | $107,000 | $130,000 |
| Net income | $26.2M | −$24.9M | −$3.5M | $8.6M | $14.5M | $20.9M | $13.6M | $11.2M | $7.8M | $13.3M | $18.8M | $19.4M |
| EBITDA | $178.1M | $128.8M | $103.8M | $155.5M | $154.1M | $160.0M | $142.5M | $131.9M | $133.1M | $128.6M | $125.7M | $127.3M |
| EPS (diluted) | $0.75 | $0.07 | $0.06 | $0.05 | $0.09 | $0.12 | $0.09 | $0.07 | $0.05 | $0.09 | $0.12 | $0.13 |
| Gross margin | 68.4% | 68.6% | 25.4% | 67.8% | 69.1% | 69.2% | 67.6% | 68.5% | 66.8% | 24.8% | 67.9% | −12.6% |
| Operating margin | 24.7% | 22.9% | 21.8% | 21.6% | 23.0% | 24.1% | 22.0% | 20.9% | 17.9% | 20.0% | 23.8% | 22.8% |
| Net margin | 9.7% | −9.4% | −1.4% | 3.5% | 6.0% | 8.3% | 6.1% | 5.4% | 3.7% | 6.4% | 9.5% | 9.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CUZ's financial statements (latest annual report filed February 5, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CUZ financial results
In fiscal year 2025 (ended December 31, 2025), Cousins Properties reported revenue of $993.8 million, up 16.0% from the year before. It had net income of $40.5 million (down 11.9%), a net profit margin of 4.1%. Diluted earnings per share came to $0.32. Over five years revenue grew at an average rate of 6.1% a year.
See the CUZ stock overview for the latest quote and news, or the CUZ chart for price history and technical indicators.
CUZ income statement FAQ
What is Cousins Properties's annual revenue?
Cousins Properties reported total revenue of $993.8 million for fiscal year 2025, which ended on December 31, 2025. That was up 16.0% from $856.8 million the previous year.
Is Cousins Properties profitable?
Yes. Cousins Properties reported net income of $40.5 million in fiscal 2025, a net profit margin of 4.1%; its operating margin was 22.4%.
What is Cousins Properties's gross margin?
Cousins Properties's gross margin was 26.5% in fiscal 2025: for every $100 of revenue, Cousins Properties kept $27 after the direct cost of its products and services.
How fast is Cousins Properties growing?
Revenue grew 6.1% a year on average over the last five fiscal years, from $740.3 million to $993.8 million.
What are Cousins Properties's earnings per share?
Cousins Properties earned $0.32 per diluted share in fiscal 2025, compared with $0.30 a year earlier.
When will Cousins Properties report its next earnings?
Cousins Properties is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does Cousins Properties's fiscal year end?
Cousins Properties's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 5, 2026.