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Side-by-side financial comparison of Danaos Corp (DAC) and VORNADO REALTY TRUST (VNO). Click either name above to swap in a different company.

VORNADO REALTY TRUST is the larger business by last-quarter revenue ($453.7M vs $262.2M, roughly 1.7× Danaos Corp). Danaos Corp runs the higher net margin — 49.9% vs 1.1%, a 48.9% gap on every dollar of revenue. On growth, Danaos Corp posted the faster year-over-year revenue change (6.4% vs -0.9%).

Danaos Corporation is a leading global containership ownership and management firm. It operates a large fleet of modern container vessels, providing long-term charter services to top international container liner operators across major global trade routes, supporting the efficiency and reliability of global supply chains.

Vornado Realty Trust is a real estate investment trust formed in Maryland in 1982, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.

DAC vs VNO — Head-to-Head

Bigger by revenue
VNO
VNO
1.7× larger
VNO
$453.7M
$262.2M
DAC
Growing faster (revenue YoY)
DAC
DAC
+7.3% gap
DAC
6.4%
-0.9%
VNO
Higher net margin
DAC
DAC
48.9% more per $
DAC
49.9%
1.1%
VNO

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
DAC
DAC
VNO
VNO
Revenue
$262.2M
$453.7M
Net Profit
$130.9M
$4.9M
Gross Margin
Operating Margin
47.9%
2.8%
Net Margin
49.9%
1.1%
Revenue YoY
6.4%
-0.9%
Net Profit YoY
-7.3%
-14.7%
EPS (diluted)
$7.12
$0.01

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
DAC
DAC
VNO
VNO
Q4 25
$453.7M
Q3 25
$453.7M
Q2 25
$262.2M
$441.4M
Q1 25
$461.6M
Q4 24
$457.8M
Q3 24
$443.3M
Q2 24
$246.3M
$450.3M
Q1 24
$436.4M
Net Profit
DAC
DAC
VNO
VNO
Q4 25
$4.9M
Q3 25
$27.1M
Q2 25
$130.9M
$759.3M
Q1 25
$102.4M
Q4 24
$5.8M
Q3 24
$-3.6M
Q2 24
$141.2M
$50.8M
Q1 24
$6.5M
Operating Margin
DAC
DAC
VNO
VNO
Q4 25
2.8%
Q3 25
3.0%
Q2 25
47.9%
Q1 25
23.2%
Q4 24
2.5%
Q3 24
-3.3%
Q2 24
56.8%
10.1%
Q1 24
0.1%
Net Margin
DAC
DAC
VNO
VNO
Q4 25
1.1%
Q3 25
6.0%
Q2 25
49.9%
172.0%
Q1 25
22.2%
Q4 24
1.3%
Q3 24
-0.8%
Q2 24
57.3%
11.3%
Q1 24
1.5%
EPS (diluted)
DAC
DAC
VNO
VNO
Q4 25
$0.01
Q3 25
$0.06
Q2 25
$7.12
$3.70
Q1 25
$0.43
Q4 24
$0.01
Q3 24
$-0.10
Q2 24
$7.23
$0.18
Q1 24
$-0.05

Balance Sheet & Financial Strength

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

Metric
DAC
DAC
VNO
VNO
Cash + ST InvestmentsLiquidity on hand
$654.1M
$840.9M
Total DebtLower is stronger
$2.3B
Stockholders' EquityBook value
$3.6B
$6.0B
Total Assets
$4.5B
$15.5B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAC
DAC
VNO
VNO
Q4 25
$840.9M
Q3 25
$1.0B
Q2 25
$654.1M
$1.2B
Q1 25
$568.9M
Q4 24
$733.9M
Q3 24
$783.6M
Q2 24
$471.7M
$872.6M
Q1 24
$892.7M
Total Debt
DAC
DAC
VNO
VNO
Q4 25
$2.3B
Q3 25
$2.3B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.6B
Q3 24
$2.6B
Q2 24
$2.6B
Q1 24
$2.6B
Stockholders' Equity
DAC
DAC
VNO
VNO
Q4 25
$6.0B
Q3 25
$6.1B
Q2 25
$3.6B
$6.1B
Q1 25
$5.3B
Q4 24
$5.2B
Q3 24
$5.3B
Q2 24
$3.3B
$5.6B
Q1 24
$5.5B
Total Assets
DAC
DAC
VNO
VNO
Q4 25
$15.5B
Q3 25
$15.7B
Q2 25
$4.5B
$15.6B
Q1 25
$15.6B
Q4 24
$16.0B
Q3 24
$16.1B
Q2 24
$4.0B
$16.2B
Q1 24
$16.2B
Debt / Equity
DAC
DAC
VNO
VNO
Q4 25
0.38×
Q3 25
0.37×
Q2 25
0.35×
Q1 25
0.40×
Q4 24
0.50×
Q3 24
0.49×
Q2 24
0.46×
Q1 24
0.46×

Cash Flow & Capital Efficiency

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

Metric
DAC
DAC
VNO
VNO
Operating Cash FlowLast quarter
$1.3B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
256.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DAC
DAC
VNO
VNO
Q4 25
$1.3B
Q3 25
$33.2M
Q2 25
$1.0B
Q1 25
$52.0M
Q4 24
$537.7M
Q3 24
$105.4M
Q2 24
$194.7M
Q1 24
$31.5M
Cash Conversion
DAC
DAC
VNO
VNO
Q4 25
256.08×
Q3 25
1.22×
Q2 25
1.35×
Q1 25
0.51×
Q4 24
93.39×
Q3 24
Q2 24
3.83×
Q1 24
4.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DAC
DAC

Segment breakdown not available.

VNO
VNO

New York Segment$374.8M83%
Building Maintenance Service$41.2M9%
Other$27.7M6%
Tenant Services$11.1M2%
Management And Leasing Fees$2.6M1%

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