CET - NYSE

Central Securities Corp.

CET·NYSE

$52.13

+0.71%

Financial ServicesAsset Management

Central Securities Corp. is a publicly owned investment manager. The firm invests in the public equity markets of the United States. It also invests on bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations. Central Securities Corp. was founded on October 1, 1929 and is based in New York, New York.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$1.51B

EPS10.1400

P/E Ratio5.14

Earnings Date02/10/2026

296.20M

Revenue

416%

3Y-18.0%

5Y+15.0%

10Y-2450.0%

287.97M

Net Income

29%

3Y-19.0%

5Y+15.0%

10Y-1790.0%

37.30M

Operating Cash Flow

-2%

3Y-35.0%

5Y+66.0%

10Y+3.0%

Central Securities Corp. Profit Bridge

CET · NYSE

Revenue & Cost of Sales

Revenue296.20M

Cost of Goods Sold (0.00)

Gross Profit296.20M

Operating Expenses

Operating Expenses (296.20M)

Operating Income287.97M

Other Income & Taxes

Interest Expense (0.00)

Other Income/Expense287.97M

Pretax Income287.97M

Income Tax (0.00)

Net Income287.97M

Net Income

287.97M

Profitability Analysis

Gross Margin

100.0%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

97.2%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

97.2%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

0.0%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

Central Securities Corp. Income Statement

CET • NYSE

Central Securities Corp. Income Statement	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006	Dec 2005
REVENUE
Revenue	296.2M	57.4M	-152.6M	360.3M	79.9M	257M	-28.5M	174.8M	118M	-12.6M	34.5M	147.9M	17.4M	3M	109.5M	10.3M	12.1M	11.6M	10.4M	8.7M
GROSS PROFIT
Cost of Revenue	(0.0)	(4.8M)	(4.6M)	(5.6M)	(4.7M)	(4.6M)	(4.4M)	(4.3M)	(4.1M)	(3.2M)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Gross Profit	296.2M	52.6M	-157.3M	354.7M	75.2M	252.4M	-32.9M	170.6M	113.9M	-15.8M	34.5M	147.9M	17.4M	3M	109.5M	10.3M	12.1M	11.6M	10.4M	8.7M
OPERATING INCOME
Operating Expenses	(296.2M)	(6.8M)	(6M)	(6.7M)	(6.2M)	(6M)	(5.8M)	(5.6M)	(5.4M)	(4.4M)	(4.4M)	(4.7M)	(4.5M)	(4.3M)	(4.2M)	(3.9M)	(3.8M)	(3.8M)	(3.1M)	(3M)
Selling, General & Administrative	(8M)	(6.6M)	(5.8M)	(6.5M)	(6M)	(5.8M)	(5.6M)	(5.5M)	(5.2M)	(4.3M)	(4.2M)	(4.5M)	(4.3M)	(3.6M)	(3.5M)	(3.5M)	(3.4M)	(3.6M)	(2.9M)	(2.8M)
Research & Development	(0.0)	(0.0)	(0.0)	(3.0)	(0.0)	(5.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Operating Income	288M	223.6M	-158.7M	353.6M	73.7M	251M	-34.3M	169.2M	112.6M	-17M	30.1M	143.2M	12.9M	-1.2M	105.3M	6.4M	8.3M	7.8M	7.3M	5.7M
PRE-TAX INCOME
Interest Expense	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(7.7M)	(43.6M)	(42.1M)	(36.5M)	(31.7M)
Net Interest Income	3.7M	3.9M	905.9K	5.6K	199.1K	830K	785.4K	419.8K	119.3K	19.6K	14.1K	10.8K	0.0	0.0	4.4K	0.0	0.0	0.0	0.0	0.0
Other Expenses	(288.2M)	(175.2K)	(201.5K)	(203.1K)	(202.7K)	(182.2K)	(182.9K)	(147.3K)	(156K)	(159.5K)	(156.2K)	(144.2K)	(163K)	(655.2K)	(667.1K)	(370K)	(360K)	(260K)	(210K)	(210K)
Total Other Income Expenses Net	288M	0.0	0.0	0.0	73.7M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	110.2M	-218.2M	46.8M	86M	62.3M
Income Before Tax	288M	223.6M	-158.7M	353.6M	73.7M	251M	-34.3M	169.2M	112.6M	-17M	30.1M	143.2M	12.9M	-1.2M	105.3M	116.6M	-210M	54.6M	93.3M	68M
NET INCOME
Income Tax Expense	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(3.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	-174.6M	(88.9M)	(0.0)	(0.0)
Net Income	288M	223.6M	-158.7M	353.6M	73.7M	251M	-34.3M	169.2M	112.6M	-17M	30.1M	143.2M	12.9M	-1.2M	105.3M	116.6M	-210M	54.6M	93.3M	68M

SEC Filings

CET - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
DEF 14A DEF 14A 2026 N/A	February 23, 2026	April 08, 2026	2026	View Filing
DEF 14A DEF 14A 2025 N/A	February 10, 2025	March 26, 2025	2025	View Filing
DEF 14A DEF 14A 2024 N/A	February 08, 2024	March 27, 2024	2024	View Filing
DEF 14A DEF 14A 2023 N/A	February 08, 2023	March 15, 2023	2023	View Filing
DEF 14A DEF 14A 2022 N/A	February 08, 2022	March 16, 2022	2022	View Filing
DEF 14A DEF 14A 2021 N/A	February 08, 2021	March 18, 2021	2021	View Filing
DEF 14A DEF 14A 2020 N/A	February 07, 2020	March 18, 2020	2020	View Filing
DEF 14A DEF 14A 2019 N/A	February 11, 2019	March 20, 2019	2019	View Filing
DEF 14A DEF 14A 2018 N/A	February 09, 2018	March 21, 2018	2018	View Filing
DEF 14A DEF 14A 2017 N/A	February 07, 2017	March 15, 2017	2017	View Filing

Showing 1 to 10 of 31 filings

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