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COUSINS PROPERTIES INC

CUZ Clue Score40
United States Fiscal year ends December CIK 0000025232
$27.62 -0.36% Close, 9 Oct 2026
Price $27.62 −29.22% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue259.2Operating income260.3Net income79.1EPS, diluted0.31Fiscal year 2017Revenue466.2 +79.8%Operating income313.2Net income220.0 +178.0%EPS, diluted2.08Fiscal year 2018Revenue475.2 +1.9%Operating income326.1Net income80.8 −63.3%EPS, diluted0.75Fiscal year 2019Revenue657.5 +38.4%Operating income431.8Net income152.7 +89.0%EPS, diluted1.17Fiscal year 2020Revenue740.3 +12.6%Operating income486.0Net income237.3 +55.4%EPS, diluted1.60Fiscal year 2021Revenue755.1 +2.0%Operating income493.7Net income278.6 +17.4%EPS, diluted1.87Fiscal year 2022Revenue762.3 +1.0%Operating income502.2Net income166.8 −40.1%EPS, diluted1.11Fiscal year 2023Revenue802.9 +5.3%Operating income531.1Net income83.0 −50.3%EPS, diluted0.55Fiscal year 2024Revenue856.8 +6.7%Operating income570.3Net income46.0 −44.6%EPS, diluted0.30Fiscal year 2025Revenue993.8 +16.0%Operating income673.3Net income40.5 −11.9%EPS, diluted0.24
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 259.2 466.2 475.2 657.5 740.3 755.1 762.3 802.9 856.8 993.8
Growth +79.8% +1.9% +38.4% +12.6% +2.0% +1.0% +5.3% +6.7% +16.0%
Operating income 260.3 313.2 326.1 431.8 486.0 493.7 502.2 531.1 570.3 673.3
Net income 79.1 220.0 80.8 152.7 237.3 278.6 166.8 83.0 46.0 40.5
Growth +178.0% −63.3% +89.0% +55.4% +17.4% −40.1% −50.3% −44.6% −11.9%
EPS, diluted 0.31 2.08 0.75 1.17 1.60 1.87 1.11 0.55 0.30 0.24

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin100.4%Net margin30.5%Fiscal year 2017Operating margin67.2%Net margin47.2%Fiscal year 2018Operating margin68.6%Net margin17.0%Fiscal year 2019Operating margin65.7%Net margin23.2%Fiscal year 2020Operating margin65.7%Net margin32.0%Fiscal year 2021Operating margin65.4%Net margin36.9%Fiscal year 2022Operating margin65.9%Net margin21.9%Free cash flow margin3.0%Fiscal year 2023Operating margin66.1%Net margin10.3%Free cash flow margin11.1%Fiscal year 2024Operating margin66.6%Net margin5.4%Free cash flow margin17.2%Fiscal year 2025Operating margin67.8%Net margin4.1%Free cash flow margin13.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 100.4% 67.2% 68.6% 65.7% 65.7% 65.4% 65.9% 66.1% 66.6% 67.8%
Net margin 30.5% 47.2% 17.0% 23.2% 32.0% 36.9% 21.9% 10.3% 5.4% 4.1%
Free cash flow margin n/a n/a n/a n/a n/a n/a 3.0% 11.1% 17.2% 13.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow117.7Buybacks−13.7Dividends paid−50.5Fiscal year 2017Operating cash flow211.6Buybacks0.0Dividends paid−99.2Fiscal year 2018Operating cash flow229.0Buybacks0.0Dividends paid−107.2Fiscal year 2019Operating cash flow303.2Dividends paid−142.9Fiscal year 2020Operating cash flow351.1Dividends paid−176.3Fiscal year 2021Operating cash flow389.5Dividends paid−182.8Fiscal year 2022Operating cash flow365.2Capital expenditure−342.2Free cash flow22.9Dividends paid−192.3Fiscal year 2023Operating cash flow368.4Capital expenditure−279.5Free cash flow88.8 +287.5%Dividends paid−194.3Fiscal year 2024Operating cash flow400.2Capital expenditure−252.7Free cash flow147.5 +66.0%Dividends paid−195.4Fiscal year 2025Operating cash flow402.3Capital expenditure−267.2Free cash flow135.0 −8.4%Dividends paid−215.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 117.7 211.6 229.0 303.2 351.1 389.5 365.2 368.4 400.2 402.3
Capital expenditure n/a n/a n/a n/a n/a n/a −342.2 −279.5 −252.7 −267.2
Free cash flow n/a n/a n/a n/a n/a n/a 22.9 88.8 147.5 135.0
Growth +287.5% +66.0% −8.4%
Buybacks −13.7 0.0 0.0 n/a n/a n/a n/a n/a n/a n/a
Dividends paid −50.5 −99.2 −107.2 −142.9 −176.3 −182.8 −192.3 −194.3 −195.4 −215.8

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash35.7Total debt1,380.9Net cash (debt)−1,345.2Shareholders’ equity2,455.6Debt to equity0.56Fiscal year 2017Cash148.9Total debt1,093.2Net cash (debt)−944.3Shareholders’ equity2,772.0Debt to equity0.39Fiscal year 2018Cash2.5Total debt1,062.6Net cash (debt)−1,060.0Shareholders’ equity2,765.9Debt to equity0.38Fiscal year 2019Cash15.6Total debt2,223.0Net cash (debt)−2,207.4Shareholders’ equity4,359.3Debt to equity0.51Fiscal year 2020Cash4.3Total debt2,162.7Net cash (debt)−2,158.4Shareholders’ equity4,467.1Debt to equity0.48Fiscal year 2021Cash8.9Total debt2,237.5Net cash (debt)−2,228.6Shareholders’ equity4,566.8Debt to equity0.49Fiscal year 2022Cash5.1Total debt2,334.6Net cash (debt)−2,329.5Shareholders’ equity4,625.7Debt to equity0.50Fiscal year 2023Cash6.0Total debt2,457.6Net cash (debt)−2,451.6Shareholders’ equity4,524.2Debt to equity0.54Fiscal year 2024Cash7.3Total debt3,095.7Net cash (debt)−3,088.3Shareholders’ equity4,846.7Debt to equity0.64Fiscal year 2025Cash5.7Total debt3,340.8Net cash (debt)−3,335.1Shareholders’ equity4,679.6Debt to equity0.71
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 35.7 148.9 2.5 15.6 4.3 8.9 5.1 6.0 7.3 5.7
Total debt 1,380.9 1,093.2 1,062.6 2,223.0 2,162.7 2,237.5 2,334.6 2,457.6 3,095.7 3,340.8
Net cash (debt) −1,345.2 −944.3 −1,060.0 −2,207.4 −2,158.4 −2,228.6 −2,329.5 −2,451.6 −3,088.3 −3,335.1
Shareholders’ equity 2,455.6 2,772.0 2,765.9 4,359.3 4,467.1 4,566.8 4,625.7 4,524.2 4,846.7 4,679.6
Debt to equity 0.56 0.39 0.38 0.51 0.48 0.49 0.50 0.54 0.64 0.71

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017† 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
117.7 211.6 229.0 303.2 351.1 389.5 365.2 368.4 400.2 402.3
Growth +79.8% +8.2% +32.4% +15.8% +10.9% −6.2% +0.9% +8.7% +0.5%
97.9 196.7 181.4 257.1 288.6 288.1 295.6 314.9 365.0 415.4
Investment
n/a n/a n/a n/a n/a n/a −342.2 −279.5 −252.7 −267.2
calc n/a n/a n/a n/a n/a n/a 22.9 88.8 147.5 135.0
Growth +287.5% +66.0% −8.4%
calc n/a n/a n/a n/a n/a n/a 0.15 0.58 0.96 0.80
465.8 112.1 −284.5 −357.4 −132.5 −191.1 −334.5 −295.7 −1,305.4 −425.7
Financing
−538.5 −169.3 −147.6 69.2 −230.1 −194.4 −35.7 −71.7 906.5 21.8
−50.5 −99.2 −107.2 −142.9 −176.3 −182.8 −192.3 −194.3 −195.4 −215.8
−13.7 0.0 0.0 n/a n/a n/a n/a n/a n/a n/a

† The diluted share count jumps at 2017, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.