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CET logoCentral Securities Corp.(CET)Earnings, Financials & Key Ratios

CET•NYSE•Banking & Credit
$53.58
$1.55B mkt cap·5.3× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryClosed-end funds and investment trusts
AboutCentral Securities Corp. is a publicly owned investment manager. The firm invests in the public equity markets of the United States. It also invests on bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations. Central Securities Corp. was founded on October 1, 1929 and is based in New York, New York.Show more
  • Net Interest Income$4M-4.2%
  • Total Revenue$296M+416.3%
  • Net Income$288M+28.8%
  • Return on Equity19.93%+9.3%
  • Net Interest Margin0.23%-19.5%
  • Efficiency Ratio100%+742.6%
  • ROA19.88%+9.3%
  • Equity / Assets99.78%
  • Book Value per Share55.30+18.9%
  • Tangible BV/Share55.30+18.9%
  • Debt/Equity0.00-21.9%
Technical→

CET Key Insights

Central Securities Corp. (CET) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong Piotroski F-Score: 7/9
  • ✓Well capitalized: 99.8% equity/assets
  • ✓Healthy dividend yield of 2.5%
  • ✓Diversified revenue: 98.8% from non-interest income
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗Weak NIM of 0.2%
  • ✗High cost structure: 100.0% efficiency ratio

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

CET Price & Volume

Central Securities Corp. (CET) stock price & volume — 10-year historical chart

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CET Growth Metrics

Central Securities Corp. (CET) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years23.99%
5 Years2.88%
3 Years-6.32%
TTM-

Profit CAGR

10 Years25.33%
5 Years2.79%
3 Years-6.61%
TTM121.43%

EPS CAGR

10 Years24.32%
5 Years0.89%
3 Years-7.88%
TTM115.19%

Return on Capital

10 Years12.42%
5 Years12.46%
3 Years8.41%
Last Year19.88%

CET Recent Earnings

Central Securities Corp. (CET) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
Q1 2026Latest
Feb 10, 2026
EPS
$5.54
Revenue
$38M
Q3 2025
Aug 18, 2025
EPS
$3.61
Revenue
$49M
Q2 2025
May 7, 2025
EPS
$3.79
Revenue
$31M
Q3 2024
Aug 14, 2024
EPS
$6.28
Revenue
$42M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 10, 2026
$5.54
$38M
Q3 2025Aug 18, 2025
$3.61
$49M
Q2 2025May 7, 2025
$3.79
$31M
Q3 2024Aug 14, 2024
$6.28
$42M
Based on last 12 quarters of dataView full earnings history →

CET Peer Comparison

Central Securities Corp. (CET) competitors in Closed-end funds and investment trusts — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
GAM logoGAMGeneral American Investors Company, Inc.Direct Competitor1.49B64.175.94180.65%97.53%12.05%0.00
SOR logoSORSource Capital, Inc.Direct Competitor382.85M46.549.7431.26%97.36%21.13%
TY logoTYTri-Continental CorporationDirect Competitor1.79B34.265.5226.68%99.72%26.73%0.00
ASA logoASAASA Gold and Precious Metals LimitedProduct Competitor1.17B62.5010.319.47%96.94%39.78%
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.Product Competitor221.89M5.484.4936.55%50.62%14.02%1.33
BEN logoBENFranklin Resources, Inc.Supply Chain15.83B30.4633.473.45%5.98%5.64%5.76%0.94
IVZ logoIVZInvesco Ltd.Supply Chain11.92B26.83-16.775.11%-4.42%-1.74%12.09%0.78
CSWC logoCSWCCapital Southwest CorporationOften Compared1.44B24.3016.537.67%43.07%10.32%1.08

Compare CET vs Peers

Central Securities Corp. (CET) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GAM

Most directly comparable listed peer for CET.

Scale Benchmark

vs BEN

Larger-name benchmark to compare CET against a more recognizable public peer.

Peer Set

Compare Top 5

vs GAM, SOR, TY, ASA

CET Income Statement

Central Securities Corp. (CET) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Net Interest Income119.26K419.77K785.44K829.96K199.06K5.59K905.87K3.86M3.7M0
NII Growth %509.04%251.97%87.11%5.67%-76.02%-97.19%16090.74%326.08%-4.24%0%
Net Interest Margin %0.02%0.05%0.1%0.08%0.02%0%0.08%0.29%0.23%0%
Interest Income119.26K419.77K785.44K829.96K199.06K5.59K905.87K3.86M3.7M0
Interest Expense0000000000
Loan Loss Provision4.14M4.25M4.44M4.57M4.69M5.57M4.63M4.8M010.38M
Non-Interest Income117.92M174.43M-29.27M256.13M79.7M360.3M-153.55M53.51M292.5M146.81M
Non-Interest Income %99.9%99.76%102.76%99.68%99.75%100%100.59%93.27%98.75%100%
Total Revenue
118.04M▲ 0%
174.85M▲ 48.1%
-28.49M▼ 116.3%
256.96M▲ 1002.1%
79.89M▼ 68.9%
360.31M▲ 351.0%
-152.65M▼ 142.4%
57.37M▲ 137.6%
296.2M▲ 416.3%
146.81M▲ 0%
Revenue Growth %1036.31%48.13%-116.29%1002.07%-68.91%350.98%-142.37%137.58%416.32%168.13%
Non-Interest Expense5.4M5.64M5.79M5.95M6.18M6.73M6.02M6.81M296.2M-35.62M
Efficiency Ratio4.58%3.23%-20.34%2.32%7.73%1.87%-3.95%11.87%100%-24.26%
Operating Income
112.64M▲ 0%
169.21M▲ 50.2%
-34.28M▼ 120.3%
251.01M▲ 832.3%
73.72M▼ 70.6%
353.58M▲ 379.6%
-158.67M▼ 144.9%
223.64M▲ 240.9%
287.97M▲ 28.8%
507M▲ 0%
Operating Margin %95.42%96.77%120.34%97.68%92.27%98.13%103.95%389.83%97.22%345.35%
Operating Income Growth %760.98%50.23%-120.26%832.26%-70.63%379.65%-144.88%240.94%28.77%-
Pretax Income
112.64M▲ 0%
169.21M▲ 50.2%
-34.28M▼ 120.3%
251.01M▲ 832.3%
73.72M▼ 70.6%
353.58M▲ 379.6%
-158.67M▼ 144.9%
223.64M▲ 240.9%
287.97M▲ 28.8%
507M▲ 0%
Pretax Margin %95.42%96.77%120.34%97.68%92.27%98.13%103.95%389.83%97.22%345.35%
Income Tax3000000000
Effective Tax Rate %0%0%0%0%0%0%0%0%0%0%
Net Income
112.64M▲ 0%
169.21M▲ 50.2%
-34.28M▼ 120.3%
251.01M▲ 832.3%
73.72M▼ 70.6%
353.58M▲ 379.6%
-158.67M▼ 144.9%
223.64M▲ 240.9%
287.97M▲ 28.8%
507M▲ 0%
Net Margin %95.42%96.77%120.34%97.68%92.27%98.13%103.95%389.83%97.22%345.35%
Net Income Growth %760.98%50.23%-120.26%832.26%-70.63%379.65%-144.88%240.94%28.77%121.43%
Net Income (Continuing)112.64M169.21M-34.28M251.01M73.72M353.58M-158.67M223.64M287.97M507M
EPS (Diluted)
4.53▲ 0%
6.73▲ 48.6%
-1.34▼ 119.9%
9.70▲ 823.9%
2.81▼ 71.0%
12.97▲ 361.6%
-5.81▼ 144.8%
7.88▲ 235.6%
10.14▲ 28.7%
17.54▲ 0%
EPS Growth %756.52%48.57%-119.91%823.88%-71.03%361.57%-144.8%235.63%28.68%115.19%
EPS (Basic)4.536.73-1.349.702.8113.47-5.817.8810.14-
Diluted Shares Outstanding24.88M25.14M25.5M25.89M26.24M27.27M27.31M28.39M28.39M28.91M

CET Balance Sheet

Central Securities Corp. (CET) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash & Short Term Investments2.5M2.66M230.92K660.85K28.91M612.86K641.28K82.43M90.88M267.31M
Cash & Due from Banks2.5M2.66M230.92K660.85K970.84K612.86K641.28K895.64K267.95K118.59K
Short Term Investments000027.94M0081.54M90.61M0
Total Investments671.65M824.26M764.73M993.55M1.06B1.33B1.13B1.4B1.66B0
Investments Growth %15.45%22.72%-7.22%29.92%6.96%25.28%-15.02%23.65%18.46%-150.33%
Long-Term Investments671.65M824.26M764.73M993.55M1.03B1.33B1.13B1.32B1.57B2.88B
Accounts Receivables000000002.7M907.6K
Goodwill & Intangibles0000000000
Goodwill0000000000
Intangible Assets0000000000
PP&E (Net)11.54K00960.38K584.84K197.87K2.73M3.88M3.54M3.35M
Other Assets-671.66M-824.26M-764.73M0000122.76K235.08K1.67B
Total Current Assets3.11M3.13M641.16K1.08M1.61M1.31M1.55M1.85M90.88M1.03M
Total Non-Current Assets671.66M824.26M764.73M994.51M1.04B1.33B1.13B1.32B1.57B1.67B
Total Assets
674.83M▲ 0%
827.47M▲ 22.6%
765.46M▼ 7.5%
995.71M▲ 30.1%
1.04B▲ 4.2%
1.33B▲ 28.5%
1.14B▼ 14.8%
1.32B▲ 16.5%
1.57B▲ 18.9%
1.67B▲ 0%
Asset Growth %15.75%22.62%-7.49%30.08%4.15%28.53%-14.79%16.5%18.9%67.74%
Return on Assets (ROA)17.91%22.53%-4.3%28.51%7.25%29.84%-12.85%18.19%19.88%30.35%
Accounts Payable0990.06K00000000
Total Debt000960.38K584.84K197.87K2.9M3.16M2.93M2.83M
Net Debt-2.5M-2.66M-230.92K299.54K-386K-414.99K2.26M2.26M-267.95K2.71M
Long-Term Debt000960.38K0197.87K2.9M3.16M2.93M2.83M
Short-Term Debt0000000000
Other Liabilities000-960.38K0-197.87K134.47K-3.16M466.3K1.55M
Total Current Liabilities0990.06K00000000
Total Non-Current Liabilities150K1.14M118.92K960.38K584.84K197.87K3.04M3.16M3.4M4.38M
Total Liabilities150K1.14M118.92K960.38K584.84K197.87K3.04M3.41M3.4M4.38M
Total Equity
674.68M▲ 0%
826.33M▲ 22.5%
765.34M▼ 7.4%
994.6M▲ 30.0%
1.04B▲ 4.2%
1.33B▲ 28.6%
1.13B▼ 15.0%
1.32B▲ 16.5%
1.57B▲ 18.9%
1.67B▲ 0%
Equity Growth %15.75%22.48%-7.38%29.95%4.2%28.59%-14.99%16.51%18.95%67.86%
Equity / Assets (Capital Ratio)99.98%99.86%99.98%99.89%99.93%99.97%99.73%99.74%99.78%99.74%
Return on Equity (ROE)17.91%22.55%-4.31%28.53%7.26%29.85%-12.87%18.24%19.93%30.43%
Book Value per Share27.1232.8630.0238.4239.4948.8741.4846.4955.3057.63
Tangible BV per Share27.1232.8630.0238.4239.4948.8741.4846.4955.3057.63
Common Stock24.88M25.14M25.57M25.89M26.24M27.27M28.01M28.39M28.94M28.94M
Additional Paid-in Capital328.27M335.25M346.27M356.77M368M407.63M432.75M446.05M470.76M470.76M
Retained Earnings382.09K600.18K395.26M611.93M642.09M897.7M672.78M845.43M1.07B1.17B
Accumulated OCI321.15M465.34M00000000
Treasury Stock00-1.75M000-701.13K00-935.35K
Preferred Stock0000000000

CET Cash Flow Statement

Central Securities Corp. (CET) cash flow — operating, investing & free cash flow history

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24TTM
Cash from Operations22.93M17.98M24.6M22.5M32.7M57.45M41.25M38.06M37.3M37.3M
Operating CF Growth %-36.98%-21.61%36.85%-8.54%45.36%75.67%-28.19%-7.74%-2%231.16%
Net Income112.64M169.21M-34.28M251.01M73.72M353.58M-158.67M223.64M287.97M507M
Depreciation & Amortization8.9K6.31K4.4K3.73K7.32K7.23K7.39K71.37K162.86K292.14K
Deferred Taxes0000000000
Other Non-Cash Items-89.65M-152.36M59.86M-228.51M-40.41M-295.7M200.27M-185.59M-249.2M-470.86M
Working Capital Changes-62.47K1.12M-982.97K-6.3K-607.61K-430.47K-355.93K-52.11K-1.63M817.93K
Cash from Investing8.18M19.67M7.2M25.66M-23.72M23.58M96.47M-1.2M-28.56K24.91M
Purchase of Investments-52.43M-41.96M-62.97M-84.68M-105.14M-131.57M-4.18M-45.53M-119.66M-193.3M
Sale/Maturity of Investments1000K1000K1000K1000K1000K1000K1000K1000K1000K4M
Net Investment Activity-51.43M-40.96M-61.97M-83.68M-104.14M-130.57M-3.18M-44.53M-118.66M-189.3M
Acquisitions0000000000
Other Investing00051.32M-47.45M47.17M0-16.53M-32.39M0
Cash from Financing-21.06M-17.82M-27.03M-22.07M-32.39M-57.81M-41.23M-36.61M-37.9M-76.66M
Dividends Paid-15.97M-16.1M-23.05M-21.64M-27.03M-57.81M-38.5M-30.77M-37.9M-70.31M
Share Repurchases-5.08M-1.72M-3.98M-428K-5.37M0-2.73M-5.83M0-6.36M
Stock Issued0000000000
Net Stock Activity-5.08M-1.72M-3.98M-428K-5.37M0-2.73M-5.83M0-6.36M
Debt Issuance (Net)0000000000
Other Financing0000000000
Net Change in Cash
1.88M▲ 0%
157.61K▼ 91.6%
-2.43M▼ 1642.7%
429.93K▲ 117.7%
310K▼ 27.9%
-357.98K▼ 215.5%
28.42K▲ 107.9%
254.36K▲ 795.1%
-627.69K▼ 346.8%
42.16K▲ 0%
Exchange Rate Effect-1000K-1000K-1000K-1000K1000K-1000K-1000K1000K00
Cash at Beginning629.09K2.5M2.66M230.92K660.85K970.84K612.86K641.28K895.64K267.95K
Cash at End2.5M2.66M230.92K660.85K970.84K612.86K641.28K895.64K267.95K118.59K
Interest Paid0000000000
Income Taxes Paid0000000000
Free Cash Flow
22.93M▲ 0%
17.98M▼ 21.6%
24.6M▲ 36.8%
22.5M▼ 8.5%
32.7M▲ 45.4%
57.45M▲ 75.7%
41.25M▼ 28.2%
36.86M▼ 10.7%
37.27M▲ 1.1%
36.02M▲ 0%
FCF Growth %-36.98%-21.61%36.85%-8.54%45.36%75.67%-28.19%-10.65%1.11%9.24%

CET Banking Ratios

Central Securities Corp. (CET) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201620172018201920202021202220232024TTM
Return on Equity (ROE)17.91%22.55%-4.31%28.53%7.26%29.85%-12.87%18.24%19.93%30.43%
Return on Assets (ROA)17.91%22.53%-4.3%28.51%7.25%29.84%-12.85%18.19%19.88%30.35%
Net Interest Margin0.02%0.05%0.1%0.08%0.02%0%0.08%0.29%0.23%0%
Efficiency Ratio4.58%3.23%-20.34%2.32%7.73%1.87%-3.95%11.87%100%-24.26%
Equity / Assets99.98%99.86%99.98%99.89%99.93%99.97%99.73%99.74%99.78%99.74%
Book Value / Share27.1232.8630.0238.4239.4948.8741.4846.4955.357.63
NII Growth509.04%251.97%87.11%5.67%-76.02%-97.19%16090.74%326.08%-4.24%-
Dividend Payout14.18%9.52%-8.62%36.66%16.35%-13.76%13.16%13.87%

CET Frequently Asked Questions

Central Securities Corp. (CET) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Central Securities Corp. (CET) grew revenue by 416.3% over the past year. This is strong growth.

Yes, Central Securities Corp. (CET) is profitable, generating $507.0M in net income for fiscal year 2024 (97.2% net margin).

Dividend & Returns

Yes, Central Securities Corp. (CET) pays a dividend with a yield of 2.49%. This makes it attractive for income-focused investors.

Central Securities Corp. (CET) has a return on equity (ROE) of 19.9%. This is reasonable for most industries.

Industry Metrics

Central Securities Corp. (CET) has a net interest margin (NIM) of 0.2%. NIM has been under pressure due to interest rate environment.

Central Securities Corp. (CET) has an efficiency ratio of 100.0%. This is higher than peers, suggesting room for cost optimization.

Explore More CET

Central Securities Corp. (CET) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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