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Cohen & Steers (Cohen & Steers) Gross Profit : $245.9 Mil (TTM As of Dec. 2023)


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What is Cohen & Steers Gross Profit?

Cohen & Steers's gross profit for the three months ended in Dec. 2023 was $60.9 Mil. Cohen & Steers's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $245.9 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Cohen & Steers's gross profit for the three months ended in Dec. 2023 was $60.9 Mil. Cohen & Steers's Revenue for the three months ended in Dec. 2023 was $123.4 Mil. Therefore, Cohen & Steers's Gross Margin % for the quarter that ended in Dec. 2023 was 49.32%.

Cohen & Steers had a gross margin of 49.32% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Cohen & Steers was 56.39%. The lowest was 36.98%. And the median was 53.05%.


Cohen & Steers Gross Profit Historical Data

The historical data trend for Cohen & Steers's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cohen & Steers Gross Profit Chart

Cohen & Steers Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 218.88 159.36 315.38 281.97 249.90

Cohen & Steers Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 66.23 61.84 60.98 60.86 62.22

Competitive Comparison of Cohen & Steers's Gross Profit

For the Asset Management subindustry, Cohen & Steers's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cohen & Steers's Gross Profit Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Cohen & Steers's Gross Profit distribution charts can be found below:

* The bar in red indicates where Cohen & Steers's Gross Profit falls into.



Cohen & Steers Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Cohen & Steers's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=504.255 - 254.351
=249.9

Cohen & Steers's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )=Revenue - Cost of Goods Sold
=123.399 - 62.537
=60.9

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $245.9 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Cohen & Steers's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=(Revenue - Cost of Goods Sold) / Revenue
=60.9 / 123.399
=49.32 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Cohen & Steers  (NYSE:CNS) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Cohen & Steers had a gross margin of 49.32% for the quarter that ended in Dec. 2023 => Durable competitive advantage


Cohen & Steers Gross Profit Related Terms

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Cohen & Steers (Cohen & Steers) Business Description

Traded in Other Exchanges
Address
280 Park Avenue, 10th Floor, New York, NY, USA, 10017
Cohen & Steers is a niche asset manager concentrating on real estate securities. The firm invests mainly in the equity shares of real estate investment trusts, with holdings in domestic and international real estate securities accounting for close to two thirds of its $75.2 billion in managed assets at the end of September 2023. Cohen & Steers also manages portfolios dedicated to preferred securities, utilities stocks, and other high-yield offerings. The firm's distribution is balanced among its closed-end funds, open-end funds, and institutional accounts. During the past four calendar quarters, the company garnered 41% (26%) of its managed assets (base management fees) from institutional clients, 45% (53%) from open-end funds, and 14% (21%) from closed-end funds.
Executives
Elena Dulik officer: Chief Accounting Officer 280 PARK AVE, 10TH FLOOR, NEW YORK NY 10017
Richard P Simon director COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Brandon Brown officer: Executive Vice President 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Martin Cohen director, 10 percent owner, officer: Executive Chairman C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Alicia Dee officer: Executive Vice President 280 PARK AVE, 10TH FLOOR, NEW YORK NY 10017
Michele Nolty officer: Executive Vice President C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Francis C Poli officer: See Remarks 280 PARK AVENUE, 10TH FLOOR, C/O COHEN & STEERS, NEW YORK NY 10017
Matthew S. Stadler officer: Chief Financial Officer, EVP C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
John Todd Glickson officer: Senior Vice President 280 PARK AVE, 10TH FLOOR, NEW YORK NY 10017
Dasha Smith director C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Daniel P Charles officer: Executive Vice President C/O COHEN & STEERS, INC., NEW YORK NY 10017
Jon Cheigh officer: Executive Vice President C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017
Edmond D Villani director COHEN & STEERS, INC., 280 PARK AVENUE, 10TH FLOOR, NEW YORK NY 10017
Peter L Rhein director
Reena Aggarwal director C/O COHEN & STEERS, INC., 280 PARK AVENUE, NEW YORK NY 10017