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Side-by-side financial comparison of COHEN & STEERS, INC. (CNS) and HEALTHSTREAM INC (HSTM). Click either name above to swap in a different company.

COHEN & STEERS, INC. is the larger business by last-quarter revenue ($143.8M vs $79.7M, roughly 1.8× HEALTHSTREAM INC). On growth, HEALTHSTREAM INC posted the faster year-over-year revenue change (7.4% vs 2.9%). HEALTHSTREAM INC produced more free cash flow last quarter ($13.0M vs $-126.4M). Over the past eight quarters, COHEN & STEERS, INC.'s revenue compounded faster (8.3% CAGR vs 4.7%).

Cohen & Steers is an American investment management company. It focuses on investments in real estate securities via real estate investment trusts (REIT) and alternative income via preferred securities.

HealthStream Inc is a leading U.S.-based provider of workforce development, compliance, and training solutions tailored for the healthcare industry. It offers cloud-based platforms covering clinical skill training, talent management, patient safety education, and regulatory adherence tools, serving over 4,000 healthcare organizations including hospitals, clinics, and long-term care facilities nationwide.

CNS vs HSTM — Head-to-Head

Bigger by revenue
CNS
CNS
1.8× larger
CNS
$143.8M
$79.7M
HSTM
Growing faster (revenue YoY)
HSTM
HSTM
+4.5% gap
HSTM
7.4%
2.9%
CNS
More free cash flow
HSTM
HSTM
$139.4M more FCF
HSTM
$13.0M
$-126.4M
CNS
Faster 2-yr revenue CAGR
CNS
CNS
Annualised
CNS
8.3%
4.7%
HSTM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CNS
CNS
HSTM
HSTM
Revenue
$143.8M
$79.7M
Net Profit
$34.9M
Gross Margin
Operating Margin
28.0%
3.0%
Net Margin
24.3%
Revenue YoY
2.9%
7.4%
Net Profit YoY
-23.9%
EPS (diluted)
$0.67
$0.09

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CNS
CNS
HSTM
HSTM
Q4 25
$143.8M
$79.7M
Q3 25
$141.7M
$76.5M
Q2 25
$136.1M
$74.4M
Q1 25
$134.5M
$73.5M
Q4 24
$139.8M
$74.2M
Q3 24
$133.2M
$73.1M
Q2 24
$121.7M
$71.6M
Q1 24
$122.7M
$72.8M
Net Profit
CNS
CNS
HSTM
HSTM
Q4 25
$34.9M
Q3 25
$41.7M
$6.1M
Q2 25
$36.8M
$5.4M
Q1 25
$39.8M
$4.3M
Q4 24
$45.8M
Q3 24
$39.7M
$5.7M
Q2 24
$31.8M
$4.2M
Q1 24
$34.0M
$5.2M
Operating Margin
CNS
CNS
HSTM
HSTM
Q4 25
28.0%
3.0%
Q3 25
34.5%
9.9%
Q2 25
31.8%
7.9%
Q1 25
33.6%
6.0%
Q4 24
35.3%
6.3%
Q3 24
33.7%
8.9%
Q2 24
31.5%
6.2%
Q1 24
32.8%
7.8%
Net Margin
CNS
CNS
HSTM
HSTM
Q4 25
24.3%
Q3 25
29.4%
8.0%
Q2 25
27.1%
7.2%
Q1 25
29.6%
5.9%
Q4 24
32.8%
Q3 24
29.8%
7.8%
Q2 24
26.1%
5.8%
Q1 24
27.7%
7.2%
EPS (diluted)
CNS
CNS
HSTM
HSTM
Q4 25
$0.67
$0.09
Q3 25
$0.81
$0.20
Q2 25
$0.72
$0.18
Q1 25
$0.77
$0.14
Q4 24
$0.89
$0.16
Q3 24
$0.77
$0.19
Q2 24
$0.63
$0.14
Q1 24
$0.68
$0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CNS
CNS
HSTM
HSTM
Cash + ST InvestmentsLiquidity on hand
$145.5M
$36.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$562.0M
$354.0M
Total Assets
$876.7M
$520.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNS
CNS
HSTM
HSTM
Q4 25
$145.5M
$36.2M
Q3 25
$98.1M
$53.5M
Q2 25
$95.4M
$52.1M
Q1 25
$65.2M
$77.3M
Q4 24
$183.0M
$59.5M
Q3 24
$106.5M
$57.5M
Q2 24
$122.0M
$46.1M
Q1 24
$99.5M
$52.4M
Stockholders' Equity
CNS
CNS
HSTM
HSTM
Q4 25
$562.0M
$354.0M
Q3 25
$550.3M
$349.2M
Q2 25
$528.5M
$350.6M
Q1 25
$507.7M
$362.8M
Q4 24
$511.7M
$359.4M
Q3 24
$491.0M
$355.5M
Q2 24
$463.2M
$349.2M
Q1 24
$378.9M
$344.9M
Total Assets
CNS
CNS
HSTM
HSTM
Q4 25
$876.7M
$520.4M
Q3 25
$801.6M
$499.9M
Q2 25
$751.0M
$500.1M
Q1 25
$834.9M
$524.0M
Q4 24
$812.4M
$510.8M
Q3 24
$727.8M
$502.8M
Q2 24
$784.1M
$499.6M
Q1 24
$680.7M
$511.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CNS
CNS
HSTM
HSTM
Operating Cash FlowLast quarter
$-120.4M
$13.2M
Free Cash FlowOCF − Capex
$-126.4M
$13.0M
FCF MarginFCF / Revenue
-87.9%
16.3%
Capex IntensityCapex / Revenue
4.2%
0.3%
Cash ConversionOCF / Net Profit
-3.45×
TTM Free Cash FlowTrailing 4 quarters
$-253.6M
$59.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNS
CNS
HSTM
HSTM
Q4 25
$-120.4M
$13.2M
Q3 25
$55.1M
$18.0M
Q2 25
$-67.6M
$5.0M
Q1 25
$-108.9M
$27.1M
Q4 24
$96.7M
$11.2M
Q3 24
$25.6M
$19.1M
Q2 24
$31.4M
$6.5M
Q1 24
$4.9M
$20.9M
Free Cash Flow
CNS
CNS
HSTM
HSTM
Q4 25
$-126.4M
$13.0M
Q3 25
$52.6M
$17.9M
Q2 25
$-69.8M
$2.7M
Q1 25
$-110.0M
$26.0M
Q4 24
$85.0M
$11.0M
Q3 24
$24.2M
$18.8M
Q2 24
$27.1M
$6.3M
Q1 24
$537.0K
$20.2M
FCF Margin
CNS
CNS
HSTM
HSTM
Q4 25
-87.9%
16.3%
Q3 25
37.1%
23.4%
Q2 25
-51.3%
3.6%
Q1 25
-81.8%
35.4%
Q4 24
60.8%
14.8%
Q3 24
18.2%
25.8%
Q2 24
22.3%
8.8%
Q1 24
0.4%
27.8%
Capex Intensity
CNS
CNS
HSTM
HSTM
Q4 25
4.2%
0.3%
Q3 25
1.8%
0.1%
Q2 25
1.6%
3.1%
Q1 25
0.8%
1.4%
Q4 24
8.3%
0.3%
Q3 24
1.1%
0.4%
Q2 24
3.5%
0.2%
Q1 24
3.5%
1.0%
Cash Conversion
CNS
CNS
HSTM
HSTM
Q4 25
-3.45×
Q3 25
1.32×
2.96×
Q2 25
-1.84×
0.93×
Q1 25
-2.74×
6.25×
Q4 24
2.11×
Q3 24
0.65×
3.34×
Q2 24
0.99×
1.55×
Q1 24
0.14×
4.01×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CNS
CNS

Segment breakdown not available.

HSTM
HSTM

Subscription Services$77.0M97%
Professional Services$2.7M3%

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