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Side-by-side financial comparison of Navios Maritime Partners L.P. (NMM) 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 ($459.1M vs $327.6M, roughly 1.4× Navios Maritime Partners L.P.). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs -5.0%, a 26.3% gap on every dollar of revenue. On growth, VORNADO REALTY TRUST posted the faster year-over-year revenue change (-0.5% vs -4.3%).

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

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.

NMM vs VNO — Head-to-Head

Bigger by revenue
VNO
VNO
1.4× larger
VNO
$459.1M
$327.6M
NMM
Growing faster (revenue YoY)
VNO
VNO
+3.7% gap
VNO
-0.5%
-4.3%
NMM
Higher net margin
NMM
NMM
26.3% more per $
NMM
21.4%
-5.0%
VNO

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
NMM
NMM
VNO
VNO
Revenue
$327.6M
$459.1M
Net Profit
$69.9M
$-22.8M
Gross Margin
90.5%
Operating Margin
Net Margin
21.4%
-5.0%
Revenue YoY
-4.3%
-0.5%
Net Profit YoY
-31.1%
689.3%
EPS (diluted)

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
NMM
NMM
VNO
VNO
Q1 26
$459.1M
Q4 25
$453.7M
Q3 25
$453.7M
Q2 25
$327.6M
$441.4M
Q1 25
$461.6M
Q4 24
$457.8M
Q3 24
$443.3M
Q2 24
$342.2M
$450.3M
Net Profit
NMM
NMM
VNO
VNO
Q1 26
$-22.8M
Q4 25
$4.9M
Q3 25
$27.1M
Q2 25
$69.9M
$759.3M
Q1 25
$102.4M
Q4 24
$5.8M
Q3 24
$-3.6M
Q2 24
$101.5M
$50.8M
Gross Margin
NMM
NMM
VNO
VNO
Q1 26
Q4 25
Q3 25
Q2 25
90.5%
Q1 25
Q4 24
Q3 24
Q2 24
88.3%
Operating Margin
NMM
NMM
VNO
VNO
Q1 26
Q4 25
2.8%
Q3 25
3.0%
Q2 25
Q1 25
23.2%
Q4 24
2.5%
Q3 24
-3.3%
Q2 24
10.1%
Net Margin
NMM
NMM
VNO
VNO
Q1 26
-5.0%
Q4 25
1.1%
Q3 25
6.0%
Q2 25
21.4%
172.0%
Q1 25
22.2%
Q4 24
1.3%
Q3 24
-0.8%
Q2 24
29.7%
11.3%
EPS (diluted)
NMM
NMM
VNO
VNO
Q1 26
Q4 25
$0.01
Q3 25
$0.06
Q2 25
$3.70
Q1 25
$0.43
Q4 24
$0.01
Q3 24
$-0.10
Q2 24
$0.18

Balance Sheet & Financial Strength

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

Metric
NMM
NMM
VNO
VNO
Cash + ST InvestmentsLiquidity on hand
$377.0M
$1.1B
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$6.0B
Total Assets
$5.9B
$15.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NMM
NMM
VNO
VNO
Q1 26
$1.1B
Q4 25
$840.9M
Q3 25
$1.0B
Q2 25
$377.0M
$1.2B
Q1 25
$568.9M
Q4 24
$733.9M
Q3 24
$783.6M
Q2 24
$272.0M
$872.6M
Total Debt
NMM
NMM
VNO
VNO
Q1 26
Q4 25
$2.3B
Q3 25
$2.3B
Q2 25
$2.0B
$2.1B
Q1 25
$2.1B
Q4 24
$2.6B
Q3 24
$2.6B
Q2 24
$1.4B
$2.6B
Stockholders' Equity
NMM
NMM
VNO
VNO
Q1 26
$6.0B
Q4 25
$6.0B
Q3 25
$6.1B
Q2 25
$6.1B
Q1 25
$5.3B
Q4 24
$5.2B
Q3 24
$5.3B
Q2 24
$5.6B
Total Assets
NMM
NMM
VNO
VNO
Q1 26
$15.9B
Q4 25
$15.5B
Q3 25
$15.7B
Q2 25
$5.9B
$15.6B
Q1 25
$15.6B
Q4 24
$16.0B
Q3 24
$16.1B
Q2 24
$5.3B
$16.2B
Debt / Equity
NMM
NMM
VNO
VNO
Q1 26
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×

Financial Flow Comparison

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

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