SL Green Realty Corp.
Real EstateNYSE:SLG · New York Stock Exchange
-$0.16 today
Vol 0.74M · Avg 1.22M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$993.5M of revenue converted into -$151.5M of net income for the selected period. Gross margin is 47.0% and net margin is -14.1%, showing how much revenue survives after costs and taxes. EPS is $-2.30, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0B +42.0% | $706.6M -15.6% | $837.2M -2.8% | $861.5M +6.9% | $805.9M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $661.3M +45.7% | $453.9M -1.8% | $462.1M +7.8% | $428.4M +17.2% | $365.7M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $341.8M +35.3% | $252.6M -32.7% | $375.1M -13.4% | $433.1M -1.6% | $440.2M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 34.1% -1.7pp | 35.8% -9.1pp | 44.8% -5.5pp | 50.3% -4.4pp | 54.6% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $187.8M +120.4% | $85.2M -23.5% | $111.4M +18.8% | $93.8M -1.2% | $94.9M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $187.8M +120.4% | $85.2M -23.5% | $111.4M +18.8% | $93.8M -1.2% | $94.9M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $255.7M +21.8% | $210.0M -10.1% | $233.6M +11.0% | $210.4M -1.1% | $212.8M | $374.2M | $1.2B | $631.8M |
| EBITDA | $414.2M +144.7% | $169.3M -29.6% | $240.3M -27.4% | $330.9M -2.7% | $340.1M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 41.3% +17.3pp | 24.0% -4.7pp | 28.7% -9.7pp | 38.4% -3.8pp | 42.2% | 5.6% | 46.3% | 42.0% |
| Operating Income | $154.0M -8.0% | $167.4M -36.5% | $263.7M -22.3% | $339.3M -1.8% | $345.3M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 15.4% -8.3pp | 23.7% -7.8pp | 31.5% -7.9pp | 39.4% -3.5pp | 42.8% | 16.6% | 24.1% | 22.0% |
| Interest Income | $92.1M +3023.2% | -$3.2M | $0 +100.0% | -$7.8M +22.1% | -$10.0M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $255.4M +54.5% | $165.3M +14.1% | $145.0M +62.0% | $89.5M +23.8% | $72.3M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$250.9M -82.9% | -$137.2M +83.8% | -$849.3M -104.4% | -$415.6M -407.1% | $135.3M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | -$96.9M -420.7% | $30.2M +105.2% | -$585.6M -667.4% | -$76.3M -115.9% | $480.6M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | -9.7% -13.9pp | 4.3% +74.2pp | -69.9% -61.1pp | -8.9% -68.5pp | 59.6% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $1.3B | -$1.6B | $745.2M |
| Net Income | -$88.3M -388.0% | $30.7M +105.6% | -$543.5M -658.8% | -$71.6M -115.7% | $457.1M | $4.9B | $4.8B | $4.7B |
| Net Margin | -8.8% -13.1pp | 4.3% +69.3pp | -64.9% -56.6pp | -8.3% -65.0pp | 56.7% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | -$1 -1612.5% | $0 +101.0% | -$8 -497.1% | -$1 -121.3% | $7 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | -$1 -1575.0% | $0 +101.0% | -$8 -496.4% | -$1 -121.2% | $7 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $74.3M +8.1% | $68.7M +1.1% | $68.0M +0.1% | $67.9M -2.6% | $69.7M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $76.5M +8.9% | $70.3M +1.8% | $69.0M -0.0% | $69.1M -2.4% | $70.8M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
BXP, Inc.
NYSE:BXP
$10.57B
Alexandria Real Estate Equities, Inc.
NYSE:ARE
$9.27B
Vornado Realty Trust
NYSE:VNO
$7.20B
Kilroy Realty Corporation
NYSE:KRC
$4.46B
Highwoods Properties, Inc.
NYSE:HIW
$3.29B
Douglas Emmett, Inc.
NYSE:DEI
$2.06B
Piedmont Office Realty Trust, Inc.
NYSE:PDM
$1.14B
Hudson Pacific Properties, Inc.
NYSE:HPP
$829.36M
Brandywine Realty Trust
NYSE:BDN
$562.83M
City Office REIT, Inc.
CIO
$282.14M
Office Properties Income Trust
OPI
$14.80M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does SLG generate?
SL Green Realty Corp. (SLG) reported $1.00B of revenue in fiscal 2025.
Is SLG profitable?
SL Green Realty Corp. (SLG) reported -$88,277,000.00 of net income, with a net margin of -8.8%.
Explore More
Continue the stock analysis
Jump to another research area for this company.