Screener / SEC EDGAR /CIK 0000025232 /10-K filed Feb 5, 2026, compared with Feb 6, 2025 /Numbers from the XBRL of the 10-Ks
Real estate peers:
NYSE Real estate · REIT

Cousins Properties Inc CUZ

Cousins Properties Incorporated (the “Registrant” or “Cousins”), a Georgia corporation, is a fully integrated, self-administered, and self-managed real estate investment trust (“REIT”). 10-K, Item 1

Headquarters
Atlanta, GA
CEO
M. Colin Connolly
Next results
around Feb 4, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $993.8M through the costs to a net profit of $40.5M · income statement of the 10-K

68% operating margin
Revenue to Gross profit: $679.3MRevenue to Cost of revenue: $314.5MGross profit to Operating profit: $673.3MGross profit to Operating expenses: $6.0MOperating profit to Net profit: $40.5MOperating profit to Interest, tax, other: $632.8M Revenue: $993.8M REVENUE $993.8M +16% Y/Y Gross profit: $679.3M · 68% margin GROSS PROFIT $679.3M 68% margin Cost of revenue: $314.5M · 32% of revenue COST OF REVENUE $314.5M 32% of revenue Operating profit: $673.3M · 68% margin OPERATING PROFIT $673.3M 68% margin · +18% Y/Y Operating expenses: $6.0M · 1% of revenue OPERATING EXPENSES $6.0M 1% of revenue Net profit: $40.5M · 4% margin NET PROFIT $40.5M 4% margin · −12% Y/Y Interest, tax, other: $632.8M · 64% of revenue INTEREST, TAX, OTHER $632.8M 64% of revenue
Gross profit $679.3M 68% margin
Operating profit $673.3M 68% margin · +18% Y/Y
Net profit $40.5M 4% margin · −12% Y/Y
The full income statement, year by year

CUZ among Real estate peers

Six ratios from the latest 10-K. Each corner is the share of 89 peers the company is above, not a score.

Compare
Revenue growth: 16.0%, above 88% of 88 peers (their median 5.7%) REVENUE GROWTH 16.0% · above 88% Gross margin: 68.4%, above 79% of 19 peers (their median 51.6%) GROSS MARGIN 68.4% · above 79% Operating margin: 68.3%, above 93% of 46 peers (their median 31.9%) OPERATING MARGIN 68.3% · above 93% Net margin: 1.4%, above 16% of 89 peers (their median 20.1%) NET MARGIN 1.4% · above 16% FCF margin: 14.9%, above 54% of 28 peers (their median 11.9%) FCF MARGIN 14.9% · above 54%
CUZ Peer median Below the median

What changed

10 new risk paragraphs. 10-K filed Feb 5, 2026 against Feb 6, 2025.

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

9 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 9 checks found nothing to note

  • Cash from operations $402.3M vs net income $40.5M (FY ending Dec 31, 2025)
  • Same auditor in both 10-Ks: Deloitte & Touche LLP
  • No statement of substantial doubt about going concern
6 more checks with nothing to note
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Revenue Recognition
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

10 paragraphs in Risk Factors that were not in the 10-K filed Feb 6, 2025. Quoted as filed.

All 10 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 6, 2025 10-K, ITEM 1A
    Climate change and severe weather event risks. The physical effects of climate change could have a material adverse effect on our properties, operations, and business. To the extent climate change causes changes in weather patterns or severity, our markets could experience increases in storm intensity (including floods, fires,…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 6, 2025 10-K, ITEM 1A
    A general slowdown in the U.S. or global economy, uncertainty and volatility in financial markets, efforts of governments to stimulate or stabilize the economy and other unfavorable changes in economic conditions, such as inflation, higher interest rates, tightening of the credit markets, recession or slowing growth, as well as an…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 6, 2025 10-K, ITEM 1A
    We face risks associated with cyberattacks with respect to our data and systems. We maintain information necessary to conduct our business, including confidential and proprietary information as well as personal information regarding our employees, in digital form. We also use computer and cloud-based systems to operate our businesses,…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 6, 2025 10-K, ITEM 1A
    Use of artificial intelligence presents risks and challenges that could impact our business. We are evaluating technological solutions through the adoption and usage of artificial intelligence tools to, among other things, automate certain tasks and assist with research, content generation, and decisioning. Any perceived or actual…

New risk paragraphs, against peers

Latest 10-K of each, Real estate companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$762.3M$802.9M$856.8M$993.8M
Net income$166.8M$83.0M$46.0M$40.5M
Operating cash flow$365.2M$368.4M$400.2M$402.3M
Free cash flow$22.9M$88.8M$147.5M$135.0M

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$993.8M ▲ 16.0% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Cousins Properties Inc, Atlanta, GA · from the 10-K filed Feb 5, 2026

Cousins Properties Incorporated (the “Registrant” or “Cousins”), a Georgia corporation, is a fully integrated, self-administered, and self-managed real estate investment trust (“REIT”). Cousins conducts substantially all of its business through Cousins Properties LP ("CPLP"). Cousins owns in excess of 99% of CPLP and consolidates CPLP. CPLP wholly owns Cousins TRS Services LLC ("CTRS"), a taxable entity that owns and manages its own real estate portfolio and performs certain real estate related services.

Headquarters
Atlanta, GA
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 29, 2026
Incorporated in
GA

Email alerts

Sources

The 10-K filed Feb 5, 2026 (open at SEC), compared with the 10-K filed Feb 6, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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