Cohen & Steers (CNS) Earnings Show Profit Growth but Can Margins Keep Expanding?

• Cohen & Steers, Inc. reported its third quarter 2025 results last week, posting revenue of US$141.72 million and net income of US$41.71 million, both up from the prior year period.
• An interesting insight is that the company's basic and diluted earnings per share from continuing operations improved for both the quarter and the nine-month period, reflecting growth in profitability.
• We'll explore how this earnings growth supports Cohen & Steers' outlook for sustainable revenue and margin expansion.

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Cohen & Steers Investment Narrative Recap

To be a shareholder in Cohen & Steers, it’s important to have conviction in their ability to grow assets under management despite industry fee pressure and structural shifts towards passive investment vehicles. The latest earnings report, which highlighted rising revenue and profitability, signals management is executing well but doesn’t substantially change the most pressing short-term catalyst: stabilizing net institutional client flows. The biggest ongoing risk, potential for revenue and margin pressure if net outflows persist, remains and is not materially altered by this quarter’s results.

Among recent announcements, the launch of a listed and private real estate strategy in partnership with IDR Investment Management stands out. This initiative aligns closely with the earnings catalyst of attracting a broader investor base and supporting asset and fee growth, potentially mitigating headwinds from client rebalancing and ongoing outflows.

Yet, in contrast to the optimism, investors should be aware that margin compression from rising expenses remains a key concern if revenue growth slows...

Read the full narrative on Cohen & Steers (it's free!)

Cohen & Steers' outlook forecasts $704.3 million in revenue and $318.2 million in earnings by 2028. This is based on a 9.0% annual revenue growth rate and an increase in earnings of $156.1 million from the current $162.1 million level.

Uncover how Cohen & Steers' forecasts yield a $72.33 fair value, in line with its current price.

Exploring Other Perspectives

One Simply Wall St Community member estimates Cohen & Steers’ fair value at US$72.33, showing a single perspective prior to the latest earnings. Meanwhile, pressure from ongoing net outflows may shape how more participants assess future business resilience, explore the range of views for deeper insight.

Explore another fair value estimate on Cohen & Steers - why the stock might be worth as much as $72.33!

Build Your Own Cohen & Steers Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Cohen & Steers research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Cohen & Steers research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Cohen & Steers' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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