15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $1.8B | $937M | 0.0% | 0.0% | — | $2.3B | $841M |
| 2024 | $1.8B | $20M | 0.0% | 0.0% | — | $2.6B | $734M |
| 2023 | $1.8B | $33M | 0.0% | 0.0% | — | $2.6B | $997M |
| 2022 | $1.8B | -$383M | 0.0% | 0.0% | — | $2.6B | $890M |
| 2021 | $1.6B | $208M | 0.0% | 0.0% | — | $2.6B | $1.8B |
| 2020 | $1.5B | -$297M | 0.0% | 0.0% | — | $1.8B | $1.6B |
| 2019 | $1.9B | $3.1B | 0.0% | 0.0% | — | $1.8B | $1.5B |
| 2018 | $2.2B | $450M | 0.0% | 26.9% | — | $1.7B | $571M |
| 2017 | $2.1B | $227M | 0.0% | 29.2% | — | $1.6B | $1.8B |
| 2016 | — | $907M | — | — | — | $1.3B | $1.5B |
| 2015 | — | $760M | — | — | — | $1.6B | $1.8B |
| 2014 | — | $865M | — | — | — | $1.3B | $1.2B |
| 2013 | — | $476M | — | — | — | — | $583M |
| 2012 | — | $617M | — | — | — | — | $960M |
| 2011 | — | $662M | — | — | — | — | $607M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $459M | -$7M | 0.0% | 0.0% | — | $2.8B | $1.1B |
| Dec '25 | $454M | $16M | 0.0% | 0.0% | — | $2.3B | $841M |
| Sep '25 | $454M | $27M | 0.0% | 0.0% | — | $2.3B | $1.0B |
| Jun '25 | $441M | $759M | 0.0% | 0.0% | — | $2.1B | $1.2B |
| Mar '25 | $462M | $102M | 0.0% | 0.0% | — | $2.1B | $569M |
| Dec '24 | $458M | $17M | 0.0% | 0.0% | — | $2.6B | $734M |
| Sep '24 | $443M | -$4M | 0.0% | 0.0% | — | $2.6B | $784M |
| Jun '24 | $450M | $51M | 0.0% | 0.0% | — | $2.6B | $873M |
| Mar '24 | $436M | $6M | 0.0% | 0.0% | — | $2.6B | $893M |
| Dec '23 | $442M | -$45M | 0.0% | 0.0% | — | $2.6B | $997M |
| Sep '23 | $451M | $68M | 0.0% | 0.0% | — | $2.6B | $1.0B |
| Jun '23 | $472M | $62M | 0.0% | 0.0% | — | $2.6B | $1.1B |
| Mar '23 | $446M | $21M | 0.0% | 0.0% | — | $2.6B | $891M |
| Dec '22 | $447M | -$478M | 0.0% | 0.0% | — | $2.6B | $890M |
| Sep '22 | $457M | $23M | 0.0% | 0.0% | — | $2.6B | $845M |
| Jun '22 | $453M | $66M | 0.0% | 0.0% | — | $2.6B | $988M |
| Mar '22 | $442M | $42M | 0.0% | 0.0% | — | $2.6B | $974M |
| Dec '21 | $421M | $27M | 0.0% | 0.0% | — | $2.6B | $1.8B |
| Sep '21 | $409M | $64M | 0.0% | 0.0% | — | $2.6B | $2.1B |
| Jun '21 | $379M | $65M | 0.0% | 0.0% | — | $2.6B | $2.2B |
How the market has priced VNO against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Vornado Realty Trust's revenue has grown 3.5% per year. These are computed facts, not advice.
As of FY2025, Vornado Realty Trust reported $2.3B of total debt against $841M of cash.
In FY2025, gross margin was —, operating margin —, and net margin 51.8%.
As of Jun '26, Vornado Realty Trust traded at a price-to-earnings ratio of about 7.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.