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Side-by-side financial comparison of VORNADO REALTY TRUST (VNO) and Vroom, Inc. (VRM). Click either name above to swap in a different company.

VORNADO REALTY TRUST is the larger business by last-quarter revenue ($459.1M vs $235.9M, roughly 1.9× Vroom, Inc.). VORNADO REALTY TRUST runs the higher net margin — -5.0% vs -59.8%, a 54.8% gap on every dollar of revenue. On growth, Vroom, Inc. posted the faster year-over-year revenue change (12.9% vs -0.5%). Over the past eight quarters, VORNADO REALTY TRUST's revenue compounded faster (1.0% CAGR vs -49.5%).

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.

Vroom, Inc. is a parent company of United Auto Credit Corporation (UACC) and CarStory. Previously, Vroom was a used car retailer and e-commerce company that let consumers buy, sell, and finance cars online. Vroom ceased e-commerce automotive sales operations on January 22, 2024.

VNO vs VRM — Head-to-Head

Bigger by revenue
VNO
VNO
1.9× larger
VNO
$459.1M
$235.9M
VRM
Growing faster (revenue YoY)
VRM
VRM
+13.5% gap
VRM
12.9%
-0.5%
VNO
Higher net margin
VNO
VNO
54.8% more per $
VNO
-5.0%
-59.8%
VRM
Faster 2-yr revenue CAGR
VNO
VNO
Annualised
VNO
1.0%
-49.5%
VRM

Income Statement — Q1 FY2026 vs Q4 FY2023

Metric
VNO
VNO
VRM
VRM
Revenue
$459.1M
$235.9M
Net Profit
$-22.8M
$-141.1M
Gross Margin
12.3%
Operating Margin
-11.5%
Net Margin
-5.0%
-59.8%
Revenue YoY
-0.5%
12.9%
Net Profit YoY
689.3%
-669.8%
EPS (diluted)
$-80.66

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
VNO
VNO
VRM
VRM
Q1 26
$459.1M
Q4 25
$453.7M
Q3 25
$453.7M
Q2 25
$441.4M
Q1 25
$461.6M
Q4 24
$457.8M
Q3 24
$443.3M
Q2 24
$450.3M
Net Profit
VNO
VNO
VRM
VRM
Q1 26
$-22.8M
Q4 25
$4.9M
Q3 25
$27.1M
Q2 25
$759.3M
Q1 25
$102.4M
Q4 24
$5.8M
Q3 24
$-3.6M
Q2 24
$50.8M
Operating Margin
VNO
VNO
VRM
VRM
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
VNO
VNO
VRM
VRM
Q1 26
-5.0%
Q4 25
1.1%
Q3 25
6.0%
Q2 25
172.0%
Q1 25
22.2%
Q4 24
1.3%
Q3 24
-0.8%
Q2 24
11.3%
EPS (diluted)
VNO
VNO
VRM
VRM
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
VNO
VNO
VRM
VRM
Cash + ST InvestmentsLiquidity on hand
$1.1B
$135.6M
Total DebtLower is stronger
$454.2M
Stockholders' EquityBook value
$6.0B
$127.7M
Total Assets
$15.9B
$1.5B
Debt / EquityLower = less leverage
3.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VNO
VNO
VRM
VRM
Q1 26
$1.1B
Q4 25
$840.9M
Q3 25
$1.0B
Q2 25
$1.2B
Q1 25
$568.9M
Q4 24
$733.9M
Q3 24
$783.6M
Q2 24
$872.6M
Total Debt
VNO
VNO
VRM
VRM
Q1 26
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
Stockholders' Equity
VNO
VNO
VRM
VRM
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
VNO
VNO
VRM
VRM
Q1 26
$15.9B
Q4 25
$15.5B
Q3 25
$15.7B
Q2 25
$15.6B
Q1 25
$15.6B
Q4 24
$16.0B
Q3 24
$16.1B
Q2 24
$16.2B
Debt / Equity
VNO
VNO
VRM
VRM
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×

Cash Flow & Capital Efficiency

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

Metric
VNO
VNO
VRM
VRM
Operating Cash FlowLast quarter
$-108.1M
Free Cash FlowOCF − Capex
$-108.8M
FCF MarginFCF / Revenue
-46.1%
Capex IntensityCapex / Revenue
3.7%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-536.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VNO
VNO
VRM
VRM
Q1 26
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
Capex Intensity
VNO
VNO
VRM
VRM
Q1 26
3.7%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
VNO
VNO
VRM
VRM
Q1 26
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×

Financial Flow Comparison

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

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