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Vornado Realty Trust stock: key metrics
VNOVornado Realty Trust had an operating margin of 15% and a return on invested capital (ROIC) of 1.9% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 49.6% | 26.8% | 20.7% |
| 2007 | 45.1% | 41.4% | 21.4% |
| 2008 | 60.3% | 30.2% | 14.6% |
| 2009 | 60.3% | 29.0% | 3.9% |
| 2010 | 60.4% | 29.0% | 23.3% |
| 2011 | 57.6% | 29.4% | no data |
| 2012 | 54.9% | 24.5% | 22.3% |
| 2013 | 60.6% | 31.7% | no data |
| 2014 | 59.6% | 30.9% | no data |
| 2015 | 59.6% | 30.4% | no data |
| 2016 | 59.1% | 22.0% | no data |
| 2017 | 57.5% | 29.1% | 10.9% |
| 2018 | 55.5% | 26.9% | 20.8% |
| 2019 | 52.3% | 21.7% | 163.6% |
| 2020 | 48.4% | 9.4% | −19.4% |
| 2021 | 49.8% | 15.4% | 11.1% |
| 2022 | 51.4% | 16.0% | −19.2% |
| 2023 | 50.0% | 16.6% | 5.8% |
| 2024 | 100.0% | 14.8% | 3.9% |
| 2025 | 100.0% | 15.0% | 50.0% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | 9.1% | 5.0% | 3.1% |
| 2007 | 10.4% | 7.1% | 2.8% |
| 2008 | 7.0% | 4.3% | 1.8% |
| 2009 | 1.7% | 3.4% | 0.5% |
| 2010 | 10.3% | 4.3% | 3.2% |
| 2011 | no data | 4.4% | no data |
| 2012 | 9.0% | 3.5% | 2.8% |
| 2013 | no data | 4.7% | no data |
| 2014 | no data | 4.4% | no data |
| 2015 | no data | 4.2% | no data |
| 2016 | no data | 3.0% | no data |
| 2017 | 5.2% | 3.3% | 1.3% |
| 2018 | 10.1% | 3.7% | 2.6% |
| 2019 | 46.8% | 2.7% | 17.2% |
| 2020 | −4.5% | 0.8% | −1.8% |
| 2021 | 2.8% | 1.7% | 1.0% |
| 2022 | −5.9% | 1.6% | −2.1% |
| 2023 | 1.9% | 1.1% | 0.7% |
| 2024 | 1.4% | 0.9% | 0.4% |
| 2025 | 15.1% | 1.9% | 5.8% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 8 Aug 2025)
- Valuation signal Overvalued since 8 Nov 2026, previously Undervalued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.