SL Green Realty Corp. (SLG) Key Metrics
SLG valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.61B
- Enterprise value
- $8.83B
- P/E (TTM)
- — 10-yr median 29.2
- Forward P/E
- 67.1
- PEG ratio
- 1.30
- Price / sales
- 3.6 10-yr median 6.2
- Price / book
- 1.1 10-yr median 1.1
- EV / EBITDA
- 23.4 10-yr median 23.1
- Dividend yield
- 4.85% $2.47 a year
- Beta
- 1.66
SLG key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSLG valuation Price multiples at each fiscal year-end price.
SLG returns How much profit the business earns on the capital it uses.
SLG per-share figures Results divided by the shares outstanding at year-end.
SLG financial health Debt, liquidity and how easily interest is covered.
SLG efficiency & capital use Working capital cycle and where the cash goes.
SLG valuation history
SLG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SLG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SLG cash returned to shareholders
SLG price vs earnings per share
SLG key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.51B | $4.77B | $3.12B | $2.33B | $5.23B | $4.89B | $8.20B | $7.27B | $10.77B | $11.64B |
| Enterprise value | $11.14B | $9.09B | $7.31B | $8.63B | $9.92B | $10.01B | $13.94B | $12.70B | $16.52B | $17.86B |
| P/E ratio | — | 155.7 | — | — | 11.4 | 12.9 | 29.2 | 28.1 | 95.5 | 44.6 |
| Price / sales | 3.5 | 6.8 | 3.7 | 2.7 | 6.5 | 4.8 | 6.8 | 5.9 | 7.0 | 6.5 |
| Price / book | 0.9 | 1.2 | 0.8 | 0.5 | 1.1 | 1.0 | 1.5 | 1.1 | 1.5 | 1.4 |
| Price / free cash flow | 42.3 | 60.3 | 13.6 | 8.4 | 20.4 | 8.8 | 55.4 | 16.5 | 19.8 | 18.1 |
| Price / operating cash flow | 42.3 | 16.4 | 13.6 | 8.4 | 20.4 | 8.8 | 21.8 | 16.5 | 19.8 | 18.1 |
| EV / sales | 11.1 | 12.9 | 8.7 | 10.0 | 12.3 | 9.7 | 11.6 | 10.3 | 10.8 | 10.0 |
| EV / EBITDA | 26.9 | 52.4 | 27.9 | 25.0 | 27.9 | 19.1 | 21.2 | 18.2 | 18.8 | 14.8 |
| EV / free cash flow | 134.4 | 114.8 | 31.9 | 31.2 | 38.7 | 18.1 | 94.1 | 28.8 | 30.4 | 27.7 |
| Earnings yield | −2.5% | 0.6% | −17.4% | −3.1% | 8.7% | 7.8% | 3.4% | 3.6% | 1.0% | 2.2% |
| Free cash flow yield | 2.4% | 1.7% | 7.4% | 11.9% | 4.9% | 11.3% | 1.8% | 6.1% | 5.0% | 5.5% |
| Dividend yield | 7.5% | 4.6% | 7.4% | 11.3% | 5.2% | 6.0% | 3.7% | 4.3% | 3.1% | 2.7% |
| Shareholder yield (dividends + buybacks) | 7.6% | 4.6% | 8.1% | 18.5% | 11.8% | 18.5% | 8.6% | 17.8% | 10.6% | 2.7% |
| Share price at fiscal year-end | $45.87 | $67.92 | $45.17 | $33.72 | $73.92 | $63.26 | $97.55 | $83.96 | $107.16 | $114.19 |
| Per share | ||||||||||
| Revenue per share | $13.11 | $10.06 | $12.13 | $12.48 | $11.39 | $13.30 | $14.32 | $14.27 | $15.26 | $17.49 |
| Earnings per share | −$1.15 | $0.44 | −$7.87 | −$1.04 | $6.46 | $4.92 | $3.35 | $2.99 | $1.12 | $2.56 |
| Operating cash flow per share | $1.08 | $4.14 | $3.32 | $4.00 | $3.62 | $7.18 | $4.48 | $5.10 | $5.40 | $6.32 |
| Free cash flow per share | $1.08 | $1.13 | $3.32 | $4.00 | $3.62 | $7.18 | $1.76 | $5.10 | $5.40 | $6.32 |
| Cash per share | $4.40 | $2.95 | $3.35 | $3.11 | $4.04 | $3.81 | $2.33 | $1.83 | $1.56 | $3.58 |
| Book value per share | $50.59 | $56.23 | $54.85 | $68.98 | $67.33 | $63.56 | $64.69 | $76.68 | $73.19 | $83.67 |
| Tangible book value per share | $48.74 | $53.66 | $54.78 | $65.88 | $67.09 | $63.24 | $64.37 | $76.38 | $72.70 | $81.32 |
| Dividends per share | $3.45 | $3.11 | $3.35 | $3.80 | $3.83 | $3.81 | $3.64 | $3.62 | $3.32 | $3.08 |
| Capex per share | $6.89 | $3.02 | $3.76 | $0.93 | $2.16 | $1.12 | $2.71 | $21.73 | $6.08 | $21.75 |
| Debt per share | $104.19 | $64.39 | $64.09 | $94.29 | $70.25 | $70.18 | $70.56 | $64.63 | $58.80 | $64.67 |
| Shares outstanding | 76.5M | 70.3M | 69.0M | 69.1M | 70.8M | 77.2M | 84.1M | 86.5M | 100.5M | 101.9M |
| Change in shares outstanding | +8.9% | +1.8% | −0.0% | −2.4% | −8.4% | −8.2% | −2.8% | −13.9% | −1.4% | +5.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −2.3% | 0.8% | −12.7% | −1.5% | 9.4% | 7.3% | 4.7% | 3.7% | 1.4% | 3.3% |
| Return on invested capital (ROIC) | 1.2% | 1.6% | 2.2% | 2.6% | 3.3% | 3.4% | 2.8% | 5.5% | 3.1% | 3.4% |
| Return on assets (ROA) | −0.8% | 0.3% | −5.0% | −0.6% | 4.0% | 3.1% | 2.2% | 1.9% | 0.8% | 1.5% |
| Return on tangible assets | −0.8% | 0.3% | −5.7% | −0.6% | 4.1% | 3.3% | 2.2% | 2.0% | 0.8% | 1.7% |
| Free cash flow margin | 8.3% | 11.2% | 27.4% | 32.0% | 31.8% | 53.9% | 12.3% | 35.8% | 35.4% | 36.1% |
| Income quality (OCF / net income) | — | 9.50 | — | — | 0.56 | 1.46 | 1.34 | 1.71 | 4.81 | 2.47 |
| Financial health | ||||||||||
| Total debt | $7.97B | $4.52B | $4.42B | $6.51B | $4.97B | $5.42B | $5.93B | $5.59B | $5.91B | $6.59B |
| Cash & short-term investments | $336.5M | $207.1M | $231.4M | $214.5M | $286.2M | $294.6M | $196.0M | $158.1M | $156.5M | $364.6M |
| Net debt | $7.63B | $4.32B | $4.19B | $6.30B | $4.69B | $5.13B | $5.74B | $5.44B | $5.75B | $6.23B |
| Debt / equity | 2.06 | 1.15 | 1.17 | 1.37 | 1.04 | 1.10 | 1.09 | 0.84 | 0.80 | 0.77 |
| Debt / assets | 0.72 | 0.43 | 0.46 | 0.53 | 0.45 | 0.46 | 0.46 | 0.44 | 0.42 | 0.42 |
| Net debt / EBITDA | 18.43 | 24.91 | 15.98 | 18.28 | 13.17 | 9.79 | 8.74 | 7.80 | 6.55 | 5.16 |
| Current ratio | 1.03 | 2.15 | 0.74 | 0.79 | 0.91 | 1.44 | 1.64 | 0.84 | 2.06 | 1.81 |
| Quick ratio | 1.03 | 2.15 | 0.78 | 0.85 | 0.91 | 1.44 | 1.65 | 0.86 | 1.40 | 1.85 |
| Interest coverage | 0.6 | 1.0 | 1.8 | 3.8 | 4.8 | 4.3 | 3.3 | 3.3 | 3.3 | 3.4 |
| Working capital | $22.5M | $735.9M | −$225.0M | −$191.1M | −$81.1M | $239.3M | $394.7M | −$135.3M | $547.1M | $432.4M |
| Invested capital | $11.51B | $8.27B | $7.98B | $11.06B | $9.45B | $10.04B | $11.18B | $12.07B | $13.10B | $14.75B |
| Tangible asset value | $4.21B | $4.37B | $4.26B | $4.88B | $5.30B | $5.47B | $6.18B | $6.61B | $7.30B | $8.29B |
| Net current asset value | −$6.05B | −$4.54B | −$4.62B | −$6.55B | −$4.91B | −$5.43B | −$5.54B | −$5.40B | −$5.57B | −$6.36B |
| Graham number | — | $23.49 | — | — | $98.91 | $83.86 | $69.78 | $71.81 | $42.99 | $69.46 |
| Graham net-net per share | −$80.18 | −$70.06 | −$69.87 | −$98.99 | −$73.74 | −$72.89 | −$72.54 | −$65.43 | −$59.42 | −$64.70 |
| Capital allocation | ||||||||||
| Dividends paid | $264.0M | $218.8M | $230.9M | $262.1M | $271.1M | $294.0M | $306.4M | $313.2M | $333.5M | $314.1M |
| Share buybacks (net) | $1.1M | $182,000 | $20.8M | $169.2M | $347.4M | $611.2M | $402.5M | $980.7M | $806.6M | $3.3M |
| Dividend payout ratio | — | 713.9% | — | — | 59.3% | 77.4% | 108.9% | 121.1% | 295.8% | 120.3% |
| Dividends + buybacks / free cash flow | 319.7% | 276.5% | 109.7% | 156.2% | 241.6% | 163.3% | 478.3% | 293.1% | 210.0% | 49.3% |
| Capex / revenue | 52.6% | 30.0% | 31.0% | 7.5% | 19.0% | 8.5% | 19.0% | 152.3% | 39.8% | 124.4% |
| Capex / operating cash flow | 636.0% | 72.8% | 113.1% | 23.4% | 59.7% | 15.7% | 60.6% | 425.9% | 112.4% | 344.1% |
| Capex / depreciation | 2.06 | 0.99 | 1.02 | 0.29 | 0.67 | 0.27 | 0.80 | 6.49 | 1.46 | 2.62 |
| Stock-based compensation / revenue | — | — | 7.3% | 6.5% | 6.3% | 3.9% | 3.1% | 3.4% | 3.7% | 2.9% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 10.3% | 12.1% | 11.2% | 10.9% | 11.8% | 8.9% | 8.4% | 7.6% | 6.4% | 5.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 253.1 | 350.4 | 137.3 | 136.7 | 160.2 | 129.7 | 114.2 | 125.9 | 114.0 | 111.1 |
| Days of inventory on hand | — | — | -36.0 | -25.4 | -1.0 | -1.9 | -9.2 | 128.1 | 101.4 | -6.5 |
| Days payables outstanding | 71.0 | 110.9 | 121.7 | 133.1 | 154.1 | 137.0 | 124.9 | 113.9 | 104.8 | 118.7 |
| Cash conversion cycle (days) | 182.0 | 239.5 | -20.4 | -21.8 | 5.1 | -9.3 | -19.9 | 140.1 | 110.7 | -14.2 |
| Receivables turnover | 1.44 | 1.04 | 2.66 | 2.67 | 2.28 | 2.81 | 3.20 | 2.90 | 3.20 | 3.29 |
| Payables turnover | 5.14 | 3.29 | 3.00 | 2.74 | 2.37 | 2.66 | 2.92 | 3.21 | 3.48 | 3.07 |
| Inventory turnover | — | — | — | — | — | — | — | — | 3.60 | — |
| Asset turnover | 0.09 | 0.07 | 0.08 | 0.07 | 0.07 | 0.08 | 0.09 | 0.09 | 0.10 | 0.10 |
| Average receivables | $695.4M | $678.3M | $314.9M | $322.5M | $353.6M | $365.0M | $376.9M | $425.8M | $478.9M | $542.4M |
| Average payables | $128.6M | $137.9M | $154.0M | $156.2M | $154.4M | $159.1M | $157.0M | $142.1M | $163.9M | $193.4M |
| Average inventory | — | — | −$45.6M | −$29.8M | −$962,000 | −$2.2M | −$11.5M | $159.8M | $158.6M | −$10.6M |
| Intangibles / total assets | 1.3% | 1.7% | 0.1% | 1.7% | 0.2% | 0.2% | 0.2% | 0.2% | 0.3% | 1.5% |
Computed from SLG's annual financial statements (latest annual report filed February 17, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
SLG valuation and financial ratios
SL Green Realty earned a return on equity of −2.3% and a return on invested capital of 1.2% in fiscal 2025. It ended the year with $8.0 billion of debt and $336.5 million in cash and short-term investments, net debt of $7.6 billion. It returned $265.1 million to shareholders: $264.0 million in dividends and $1.1 million in share buybacks, 320% of free cash flow. The share count fell 24.9% from 101.9M to 76.5M over 9 years.
See the SLG income statement, the SLG chart for price history, or the SLG stock overview for the latest quote and news.
SLG key metrics FAQ
What is SL Green Realty's EV/EBITDA?
SL Green Realty's enterprise value was 26.9 times EBITDA at the end of fiscal 2025 (enterprise value $11.1 billion, EBITDA $414.2 million); the current EV/EBITDA is 23.4.
What is SL Green Realty's return on equity?
SL Green Realty's return on equity (ROE) was −2.3% in fiscal 2025: net income of -$88.3 million on average shareholders' equity of $3.9 billion.
What is SL Green Realty's ROIC?
SL Green Realty's return on invested capital was 1.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does SL Green Realty have?
SL Green Realty had total debt of $8.0 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.06 and $7.6 billion of net debt (18.43 times EBITDA).
What is SL Green Realty's dividend yield?
SL Green Realty's forward dividend yield is 4.85%. SL Green Realty paid $264.0 million in dividends in fiscal 2025 ($3.45 per share), a payout ratio of —.
Does SL Green Realty buy back its shares?
Yes. SL Green Realty spent $1.1 million on net share repurchases in fiscal 2025 Shares outstanding changed +8.9% over the year, to 76.5M..
What is SL Green Realty's free cash flow yield?
SL Green Realty generated $82.9 million of free cash flow in fiscal 2025, a free cash flow yield of 2.4% on its market value at year-end ($3.5 billion).
What is SL Green Realty's current ratio?
SL Green Realty's current ratio was 1.03 at the end of fiscal 2025: current assets were 1.03 times current liabilities.