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Side-by-side financial comparison of MONRO, INC. (MNRO) 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 $293.4M, roughly 1.5× MONRO, INC.). MONRO, INC. runs the higher net margin — 3.8% vs 1.1%, a 2.7% gap on every dollar of revenue. On growth, VORNADO REALTY TRUST posted the faster year-over-year revenue change (-0.9% vs -4.0%). Over the past eight quarters, VORNADO REALTY TRUST's revenue compounded faster (2.0% CAGR vs -2.7%).

Monro, Inc. is an automotive services company founded and headquartered in Rochester, New York, U.S. As of 2025, Monro has 1,260 locations making them the second-largest automotive services company in North America after Driven Brands by number of locations and by revenue.

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.

MNRO vs VNO — Head-to-Head

Bigger by revenue
VNO
VNO
1.5× larger
VNO
$453.7M
$293.4M
MNRO
Growing faster (revenue YoY)
VNO
VNO
+3.2% gap
VNO
-0.9%
-4.0%
MNRO
Higher net margin
MNRO
MNRO
2.7% more per $
MNRO
3.8%
1.1%
VNO
Faster 2-yr revenue CAGR
VNO
VNO
Annualised
VNO
2.0%
-2.7%
MNRO

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
MNRO
MNRO
VNO
VNO
Revenue
$293.4M
$453.7M
Net Profit
$11.1M
$4.9M
Gross Margin
34.9%
Operating Margin
6.3%
2.8%
Net Margin
3.8%
1.1%
Revenue YoY
-4.0%
-0.9%
Net Profit YoY
143.1%
-14.7%
EPS (diluted)
$0.35
$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
MNRO
MNRO
VNO
VNO
Q4 25
$293.4M
$453.7M
Q3 25
$288.9M
$453.7M
Q2 25
$301.0M
$441.4M
Q1 25
$295.0M
$461.6M
Q4 24
$305.8M
$457.8M
Q3 24
$301.4M
$443.3M
Q2 24
$293.2M
$450.3M
Q1 24
$310.1M
$436.4M
Net Profit
MNRO
MNRO
VNO
VNO
Q4 25
$11.1M
$4.9M
Q3 25
$5.7M
$27.1M
Q2 25
$-8.1M
$759.3M
Q1 25
$-21.3M
$102.4M
Q4 24
$4.6M
$5.8M
Q3 24
$5.6M
$-3.6M
Q2 24
$5.9M
$50.8M
Q1 24
$3.7M
$6.5M
Gross Margin
MNRO
MNRO
VNO
VNO
Q4 25
34.9%
Q3 25
35.7%
Q2 25
35.5%
Q1 25
33.0%
Q4 24
34.3%
Q3 24
35.3%
Q2 24
37.2%
Q1 24
35.5%
Operating Margin
MNRO
MNRO
VNO
VNO
Q4 25
6.3%
2.8%
Q3 25
4.4%
3.0%
Q2 25
-2.0%
Q1 25
-8.1%
23.2%
Q4 24
3.3%
2.5%
Q3 24
4.4%
-3.3%
Q2 24
4.5%
10.1%
Q1 24
3.3%
0.1%
Net Margin
MNRO
MNRO
VNO
VNO
Q4 25
3.8%
1.1%
Q3 25
2.0%
6.0%
Q2 25
-2.7%
172.0%
Q1 25
-7.2%
22.2%
Q4 24
1.5%
1.3%
Q3 24
1.9%
-0.8%
Q2 24
2.0%
11.3%
Q1 24
1.2%
1.5%
EPS (diluted)
MNRO
MNRO
VNO
VNO
Q4 25
$0.35
$0.01
Q3 25
$0.18
$0.06
Q2 25
$-0.28
$3.70
Q1 25
$-0.74
$0.43
Q4 24
$0.15
$0.01
Q3 24
$0.18
$-0.10
Q2 24
$0.19
$0.18
Q1 24
$0.12
$-0.05

Balance Sheet & Financial Strength

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

Metric
MNRO
MNRO
VNO
VNO
Cash + ST InvestmentsLiquidity on hand
$4.9M
$840.9M
Total DebtLower is stronger
$45.0M
$2.3B
Stockholders' EquityBook value
$604.9M
$6.0B
Total Assets
$1.6B
$15.5B
Debt / EquityLower = less leverage
0.07×
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MNRO
MNRO
VNO
VNO
Q4 25
$4.9M
$840.9M
Q3 25
$10.5M
$1.0B
Q2 25
$7.8M
$1.2B
Q1 25
$20.8M
$568.9M
Q4 24
$10.2M
$733.9M
Q3 24
$20.9M
$783.6M
Q2 24
$18.7M
$872.6M
Q1 24
$6.6M
$892.7M
Total Debt
MNRO
MNRO
VNO
VNO
Q4 25
$45.0M
$2.3B
Q3 25
$60.0M
$2.3B
Q2 25
$71.5M
$2.1B
Q1 25
$61.3M
$2.1B
Q4 24
$59.3M
$2.6B
Q3 24
$62.0M
$2.6B
Q2 24
$112.0M
$2.6B
Q1 24
$102.0M
$2.6B
Stockholders' Equity
MNRO
MNRO
VNO
VNO
Q4 25
$604.9M
$6.0B
Q3 25
$601.7M
$6.1B
Q2 25
$604.9M
$6.1B
Q1 25
$620.8M
$5.3B
Q4 24
$648.9M
$5.2B
Q3 24
$651.9M
$5.3B
Q2 24
$654.4M
$5.6B
Q1 24
$656.8M
$5.5B
Total Assets
MNRO
MNRO
VNO
VNO
Q4 25
$1.6B
$15.5B
Q3 25
$1.6B
$15.7B
Q2 25
$1.6B
$15.6B
Q1 25
$1.6B
$15.6B
Q4 24
$1.7B
$16.0B
Q3 24
$1.7B
$16.1B
Q2 24
$1.7B
$16.2B
Q1 24
$1.7B
$16.2B
Debt / Equity
MNRO
MNRO
VNO
VNO
Q4 25
0.07×
0.38×
Q3 25
0.10×
0.37×
Q2 25
0.12×
0.35×
Q1 25
0.10×
0.40×
Q4 24
0.09×
0.50×
Q3 24
0.10×
0.49×
Q2 24
0.17×
0.46×
Q1 24
0.16×
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
MNRO
MNRO
VNO
VNO
Operating Cash FlowLast quarter
$17.8M
$1.3B
Free Cash FlowOCF − Capex
$9.1M
FCF MarginFCF / Revenue
3.1%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
1.60×
256.08×
TTM Free Cash FlowTrailing 4 quarters
$49.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MNRO
MNRO
VNO
VNO
Q4 25
$17.8M
$1.3B
Q3 25
$32.3M
$33.2M
Q2 25
$-1.9M
$1.0B
Q1 25
$28.9M
$52.0M
Q4 24
$14.8M
$537.7M
Q3 24
$62.6M
$105.4M
Q2 24
$25.6M
$194.7M
Q1 24
$-5.3M
$31.5M
Free Cash Flow
MNRO
MNRO
VNO
VNO
Q4 25
$9.1M
Q3 25
$26.6M
Q2 25
$-9.3M
Q1 25
$23.2M
Q4 24
$7.9M
Q3 24
$57.6M
Q2 24
$16.8M
Q1 24
$-11.9M
FCF Margin
MNRO
MNRO
VNO
VNO
Q4 25
3.1%
Q3 25
9.2%
Q2 25
-3.1%
Q1 25
7.9%
Q4 24
2.6%
Q3 24
19.1%
Q2 24
5.7%
Q1 24
-3.8%
Capex Intensity
MNRO
MNRO
VNO
VNO
Q4 25
3.0%
Q3 25
2.0%
Q2 25
2.5%
Q1 25
1.9%
Q4 24
2.2%
Q3 24
1.6%
Q2 24
3.0%
Q1 24
2.1%
Cash Conversion
MNRO
MNRO
VNO
VNO
Q4 25
1.60×
256.08×
Q3 25
5.71×
1.22×
Q2 25
1.35×
Q1 25
0.51×
Q4 24
3.23×
93.39×
Q3 24
11.08×
Q2 24
4.37×
3.83×
Q1 24
-1.42×
4.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MNRO
MNRO

Tires$150.2M51%
Maintenance$73.5M25%
Brakes$35.1M12%
Steering$24.9M8%
Batteries$6.2M2%
Exhaust$3.2M1%

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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