Central Securities Corp.(CET)Earnings, Financials & Key Ratios
CET•NYSE•Banking & Credit
5.8× P/E·Price updated Jun 19, 2026
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$32M+762.8%
- Total Revenue$87M-70.6%
- Net Income$265M-7.9%
- Return on Equity15.8%-20.7%
- Net Interest Margin1.78%+657.9%
- Efficiency Ratio-211.57%-311.6%
- ROA15.77%-20.7%
- Equity / Assets99.82%
- Book Value per Share61.68+11.5%
CET Key Insights
Central Securities Corp. (CET) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Efficient operations: -211.6% efficiency ratio
- ✓Well capitalized: 99.8% equity/assets
- ✓Healthy dividend yield of 3.0%
- ✓Diversified revenue: 63.3% from non-interest income
- ✓Trading near 52-week high
✗Weaknesses
- ✗Weak Piotroski F-Score: 2/9
- ✗Weak NIM of 1.8%
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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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 Years-
5 Years1.71%
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years29.18%
3 Years-
TTM74.37%
EPS CAGR
10 Years-
5 Years26.63%
3 Years-
TTM70.09%
Return on Capital
10 Years14.27%
5 Years14.16%
3 Years17.95%
Last Year15.77%
CET Recent Earnings
Central Securities Corp. (CET) EPS & revenue vs analyst estimates — last 4 quarters
Q1 2026Latest
Feb 10, 2026Metric
Actual
Est
EPS
$5.54
—
Rev
$38M
—
Q3 2025
Aug 18, 2025Metric
Actual
Est
EPS
$3.61
—
Rev
$49M
—
Q2 2025
May 7, 2025Metric
Actual
Est
EPS
$3.79
—
Rev
$31M
—
Q3 2024
Aug 14, 2024Metric
Actual
Est
EPS
$6.28
—
Rev
$42M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 10, 2026 | $5.54 | $38M |
| Q3 2025 | Aug 18, 2025 | $3.61 | $49M |
| Q2 2025 | May 7, 2025 | $3.79 | $31M |
| Q3 2024 | Aug 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
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 GAM | 1.49B | 63.96 | 5.92 | 180.65% | 7.3% | 12.53% | 0.00 | |
 SOR | 373.22M | 45.37 | 9.49 | 31.26% | 136.98% | 21.13% | ||
 TY | 1.82B | 34.71 | 5.59 | 26.68% | 169.7% | 27.44% | 0.00 | |
 ASA | 1.11B | 59.21 | 1.68 | 119.59% | 5.8% | 112.88% | ||
 TPVG | 202.99M | 5.00 | 4.10 | 36.55% | -19.55% | -3.39% | 1.33 | |
 BEN | 17.17B | 33.05 | 36.32 | 3.45% | 8.99% | 5.64% | 0.94 | |
 IVZ | 12.5B | 28.14 | -17.58 | 5.11% | -3.69% | -1.74% | 0.78 | |
 CSWC | 1.43B | 22.98 | 12.09 | 50.13% | 50.89% | 11.68% | 1.12 |
Compare CET vs Peers
Central Securities Corp. (CET) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CET Income Statement
Central Securities Corp. (CET) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Net Interest Income | 419.77K | 785.44K | 829.96K | 199.06K | 5.59K | 905.87K | 3.86M | 3.7M | 31.89M |
NII Growth % | 251.97% | 87.11% | 5.67% | -76.02% | -97.19% | 16090.74% | 326.08% | -4.24% | 762.81% |
Net Interest Margin % | 0.05% | 0.1% | 0.08% | 0.02% | 0% | 0.08% | 0.29% | 0.23% | 1.78% |
Interest Income | 419.77K | 785.44K | 829.96K | 199.06K | 5.59K | 905.87K | 3.86M | 3.7M | 31.89M |
Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Loan Loss Provision | 4.25M | 4.44M | 4.57M | 4.69M | 5.57M | 4.63M | 4.8M | 0 | 5.7M |
Non-Interest Income | 174.43M | -29.27M | 256.13M | 79.7M | 360.3M | -153.55M | 53.51M | 292.5M | 55.06M |
Non-Interest Income % | 99.76% | 102.76% | 99.68% | 99.75% | 100% | 100.59% | 93.27% | 98.75% | 63.33% |
Total Revenue | 174.85M▲ 0% | -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% | 86.95M▼ 70.6% |
Revenue Growth % | 48.13% | -116.29% | 1002.07% | -68.91% | 350.98% | -142.37% | 137.58% | 416.32% | -70.64% |
Non-Interest Expense | 5.64M | 5.79M | 5.95M | 6.18M | 6.73M | 6.02M | 6.81M | 296.2M | -183.97M |
Efficiency Ratio | 3.23% | -20.34% | 2.32% | 7.73% | 1.87% | -3.95% | 11.87% | 100% | -211.57% |
Operating Income | 169.21M▲ 0% | -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% | 265.21M▼ 7.9% |
Operating Margin % | 96.77% | 120.34% | 97.68% | 92.27% | 98.13% | 103.95% | 389.83% | 97.22% | 305.02% |
Operating Income Growth % | 50.23% | -120.26% | 832.26% | -70.63% | 379.65% | -144.88% | 240.94% | 28.77% | -7.9% |
Pretax Income | 169.21M▲ 0% | -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% | 265.21M▼ 7.9% |
Pretax Margin % | 96.77% | 120.34% | 97.68% | 92.27% | 98.13% | 103.95% | 389.83% | 97.22% | 305.02% |
Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Net Income | 169.21M▲ 0% | -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% | 265.21M▼ 7.9% |
Net Margin % | 96.77% | 120.34% | 97.68% | 92.27% | 98.13% | 103.95% | 389.83% | 97.22% | 305.02% |
Net Income Growth % | 50.23% | -120.26% | 832.26% | -70.63% | 379.65% | -144.88% | 240.94% | 28.77% | -7.9% |
Net Income (Continuing) | 169.21M | -34.28M | 251.01M | 73.72M | 353.58M | -158.67M | 223.64M | 287.97M | 265.21M |
EPS (Diluted) | 6.73▲ 0% | -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% | 9.15▼ 9.8% |
EPS Growth % | 48.57% | -119.91% | 823.88% | -71.03% | 361.57% | -144.8% | 235.63% | 28.68% | -9.76% |
EPS (Basic) | 6.73 | -1.34 | 9.70 | 2.81 | 13.47 | -5.81 | 7.88 | 10.14 | 9.15 |
Diluted Shares Outstanding | 25.14M | 25.5M | 25.89M | 26.24M | 27.27M | 27.31M | 28.39M | 28.39M | 28.99M |
CET Balance Sheet
Central Securities Corp. (CET) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash & Short Term Investments | 2.66M | 230.92K | 660.85K | 28.91M | 612.86K | 641.28K | 82.43M | 90.88M | 57.22M |
Cash & Due from Banks | 2.66M | 230.92K | 660.85K | 970.84K | 612.86K | 641.28K | 895.64K | 267.95K | 49.91K |
Short Term Investments | 0 | 0 | 0 | 27.94M | 0 | 0 | 81.54M | 90.61M | 57.17M |
Total Investments | 824.26M | 764.73M | 993.55M | 1.06B | 1.33B | 1.13B | 1.4B | 1.66B | 1.79B |
Investments Growth % | 22.72% | -7.22% | 29.92% | 6.96% | 25.28% | -15.02% | 23.65% | 18.46% | 7.82% |
Long-Term Investments | 824.26M | 764.73M | 993.55M | 1.03B | 1.33B | 1.13B | 1.32B | 1.57B | 1.73B |
Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.7M | 836.21K |
Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
PP&E (Net) | 0 | 0 | 960.38K | 584.84K | 197.87K | 2.73M | 3.88M | 3.54M | 3.15M |
Other Assets | -824.26M | -764.73M | 0 | 0 | 0 | 0 | 122.76K | 235.08K | 199.62K |
Total Current Assets | 3.13M | 641.16K | 1.08M | 1.61M | 1.31M | 1.55M | 1.85M | 90.88M | 58.05M |
Total Non-Current Assets | 824.26M | 764.73M | 994.51M | 1.04B | 1.33B | 1.13B | 1.32B | 1.57B | 1.73B |
Total Assets | 827.47M▲ 0% | 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% | 1.79B▲ 13.8% |
Asset Growth % | 22.62% | -7.49% | 30.08% | 4.15% | 28.53% | -14.79% | 16.5% | 18.9% | 13.83% |
Return on Assets (ROA) | 22.53% | -4.3% | 28.51% | 7.25% | 29.84% | -12.85% | 18.19% | 19.88% | 15.77% |
Accounts Payable | 990.06K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Debt | 0 | 0 | 960.38K | 584.84K | 197.87K | 2.9M | 3.16M | 2.93M | 5.46M |
Net Debt | -2.66M | -230.92K | 299.54K | -386K | -414.99K | 2.26M | 2.26M | -267.95K | 5.41M |
Long-Term Debt | 0 | 0 | 960.38K | 0 | 197.87K | 2.9M | 3.16M | 2.93M | 2.73M |
Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | 0 | 0 | -960.38K | 0 | -197.87K | 134.47K | -3.16M | 466.3K | -2.32M |
Total Current Liabilities | 990.06K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Non-Current Liabilities | 1.14M | 118.92K | 960.38K | 584.84K | 197.87K | 3.04M | 3.16M | 3.4M | 3.14M |
Total Liabilities | 1.14M | 118.92K | 960.38K | 584.84K | 197.87K | 3.04M | 3.41M | 3.4M | 3.14M |
Total Equity | 826.33M▲ 0% | 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% | 1.79B▲ 13.9% |
Equity Growth % | 22.48% | -7.38% | 29.95% | 4.2% | 28.59% | -14.99% | 16.51% | 18.95% | 13.88% |
Equity / Assets (Capital Ratio) | 99.86% | 99.98% | 99.89% | 99.93% | 99.97% | 99.73% | 99.74% | 99.78% | 99.82% |
Return on Equity (ROE) | 22.55% | -4.31% | 28.53% | 7.26% | 29.85% | -12.87% | 18.24% | 19.93% | 15.8% |
Book Value per Share | 32.86 | 30.02 | 38.42 | 39.49 | 48.87 | 41.48 | 46.49 | 55.30 | 61.68 |
Tangible BV per Share | 32.86 | 30.02 | 38.42 | 39.49 | 48.87 | 41.48 | 46.49 | 55.30 | 61.68 |
Common Stock | 25.14M | 25.57M | 25.89M | 26.24M | 27.27M | 28.01M | 28.39M | 28.94M | 29.55M |
Additional Paid-in Capital | 335.25M | 346.27M | 356.77M | 368M | 407.63M | 432.75M | 446.05M | 470.76M | 500.06M |
Retained Earnings | 600.18K | 395.26M | 611.93M | 642.09M | 897.7M | 672.78M | 845.43M | 1.07B | 0 |
Accumulated OCI | 465.34M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.26B |
Treasury Stock | 0 | -1.75M | 0 | 0 | 0 | -701.13K | 0 | 0 | 0 |
Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CET Cash Flow Statement
Central Securities Corp. (CET) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 17.98M | 24.6M | 22.5M | 32.7M | 57.45M | 41.25M | 38.06M | 37.3M | 47.07M |
Operating CF Growth % | -21.61% | 36.85% | -8.54% | 45.36% | 75.67% | -28.19% | -7.74% | -2% | 26.18% |
Net Income | 169.21M | -34.28M | 251.01M | 73.72M | 353.58M | -158.67M | 223.64M | 287.97M | 265.21M |
Depreciation & Amortization | 6.31K | 4.4K | 3.73K | 7.32K | 7.23K | 7.39K | 71.37K | 162.86K | 187.32K |
Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | -152.36M | 59.86M | -228.51M | -40.41M | -295.7M | 200.27M | -185.59M | -249.2M | -220.17M |
Working Capital Changes | 1.12M | -982.97K | -6.3K | -607.61K | -430.47K | -355.93K | -52.11K | -1.63M | 1.84M |
Cash from Investing | 19.67M | 7.2M | 25.66M | -23.72M | 23.58M | 96.47M | -1.2M | -28.56K | -5.88K |
Purchase of Investments | -41.96M | -62.97M | -84.68M | -105.14M | -131.57M | -4.18M | -45.53M | -119.66M | -86.17M |
Sale/Maturity of Investments | 61.63M | 70.17M | 59.01M | 128.87M | 107.98M | 100.65M | 62.06M | 152.06M | 73.45M |
Net Investment Activity | 19.67M | 7.2M | -25.66M | 23.72M | -23.58M | 96.47M | 16.53M | 32.39M | -12.71M |
Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Investing | 0 | 0 | 51.32M | -47.45M | 47.17M | 0 | -16.53M | -32.39M | 12.71M |
Cash from Financing | -17.82M | -27.03M | -22.07M | -32.39M | -57.81M | -41.23M | -36.61M | -37.9M | -47.28M |
Dividends Paid | -16.1M | -23.05M | -21.64M | -27.03M | -57.81M | -38.5M | -30.77M | -37.9M | -46.34M |
Share Repurchases | -1.72M | -3.98M | -428K | -5.37M | 0 | -2.73M | -5.83M | 0 | -935.35K |
Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net Stock Activity | -1.72M | -3.98M | -428K | -5.37M | 0 | -2.73M | -5.83M | 0 | -935.35K |
Debt Issuance (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net Change in Cash | 157.61K▲ 0% | -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% | -218.04K▲ 65.3% |
Exchange Rate Effect | -19.67M | -7.2M | -25.66M | 23.72M | -23.58M | -96.47M | 5.6M | 0 | 0 |
Cash at Beginning | 2.5M | 2.66M | 230.92K | 660.85K | 970.84K | 612.86K | 641.28K | 895.64K | 267.95K |
Cash at End | 2.66M | 230.92K | 660.85K | 970.84K | 612.86K | 641.28K | 895.64K | 267.95K | 49.91K |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Free Cash Flow | 17.98M▲ 0% | 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% | 47.06M▲ 26.3% |
FCF Growth % | -21.61% | 36.85% | -8.54% | 45.36% | 75.67% | -28.19% | -10.65% | 1.11% | 26.27% |
CET Banking Ratios
Central Securities Corp. (CET) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 17.91% | 22.55% | -4.31% | 28.53% | 7.26% | 29.85% | -12.87% | 18.24% | 19.93% | 15.8% |
Return on Assets (ROA) | 17.91% | 22.53% | -4.3% | 28.51% | 7.25% | 29.84% | -12.85% | 18.19% | 19.88% | 15.77% |
Net Interest Margin | 0.02% | 0.05% | 0.1% | 0.08% | 0.02% | 0% | 0.08% | 0.29% | 0.23% | 1.78% |
Efficiency Ratio | 4.58% | 3.23% | -20.34% | 2.32% | 7.73% | 1.87% | -3.95% | 11.87% | 100% | -211.57% |
Equity / Assets | 99.98% | 99.86% | 99.98% | 99.89% | 99.93% | 99.97% | 99.73% | 99.74% | 99.78% | 99.82% |
Book Value / Share | 27.12 | 32.86 | 30.02 | 38.42 | 39.49 | 48.87 | 41.48 | 46.49 | 55.3 | 61.68 |
NII Growth | 509.04% | 251.97% | 87.11% | 5.67% | -76.02% | -97.19% | 16090.74% | 326.08% | -4.24% | 762.81% |
Dividend Payout | 14.18% | 9.52% | - | 8.62% | 36.66% | 16.35% | - | 13.76% | 13.16% | 17.47% |
Related:CET Dividend History·CET Revenue History·CET Price History·CET P/E History·CET Financial Ratios·CET Institutional Holders
CET Frequently Asked Questions
Central Securities Corp. (CET) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Central Securities Corp. (CET) saw revenue decline by 70.6% over the past year.
Yes, Central Securities Corp. (CET) is profitable, generating $553.2M in net income for fiscal year 2025 (305.0% net margin).
Dividend & Returns
Yes, Central Securities Corp. (CET) pays a dividend with a yield of 3.04%. This makes it attractive for income-focused investors.
Central Securities Corp. (CET) has a return on equity (ROE) of 15.8%. This is reasonable for most industries.
Industry Metrics
Central Securities Corp. (CET) has a net interest margin (NIM) of 1.8%. NIM has been under pressure due to interest rate environment.
Central Securities Corp. (CET) has an efficiency ratio of -211.6%. This is excellent, indicating strong cost control.