Cohen (COHN)
Market Price (12/4/2025): $16.66 | Market Cap: $29.0 MilSector: Financials | Industry: Diversified Capital Markets
Cohen (COHN)
Market Price (12/4/2025): $16.66Market Cap: $29.0 MilSector: FinancialsIndustry: Diversified Capital Markets
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.0%, FCF Yield is 82% | Stock price has recently run up significantly6M Rtn6 month market price return is 125% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -178% | |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 72% | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10% | |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -41% | |
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Equity, and Private Credit. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.0%, FCF Yield is 82% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -178% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 72% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -41% |
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Equity, and Private Credit. |
| Stock price has recently run up significantly6M Rtn6 month market price return is 125% |
Valuation, Metrics & Events
COHN Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
Here are the key points explaining the 39.6% stock movement for Cohen (COHN) from approximately August 31, 2025, to December 4, 2025:
1. Strong Third Quarter 2025 Financial Results: Cohen & Company Inc. reported significantly improved financial results for the third quarter of 2025, with net income attributable to shareholders reaching $4.6 million, or $2.58 per fully diluted share. This marked a substantial increase from $1.4 million ($0.81 per share) in the prior quarter and $2.2 million ($1.31 per share) in the same quarter last year. The adjusted pretax income also rose to $16.4 million in Q3 2025, up from $5.5 million in the prior quarter and $7.7 million in the prior year's quarter.
2. Positive Revenue Growth and Outlook: The company's total revenue for the third quarter of 2025 was $84.2 million. Management expressed confidence in future performance, anticipating over $50 million in revenue for the fourth quarter and more than $220 million for the full year 2025. They also projected a full-year 2025 adjusted pretax income in the range of 10% to 15% of revenue.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| COHN Return | 314% | -7% | -37% | -10% | 73% | 96% | 647% |
| Peers Return | -1% | 0% | 0% | 0% | 0% | -19% | -19% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 112% |
Monthly Win Rates [3] | |||||||
| COHN Win Rate | 50% | 50% | 42% | 50% | 50% | 40% | |
| Peers Win Rate | 2% | 0% | 0% | 0% | 0% | 22% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| COHN Max Drawdown | -25% | -7% | -38% | -57% | -4% | -39% | |
| Peers Max Drawdown | -1% | 0% | 0% | 0% | 0% | -19% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: ABTC, FIGR, GEMI, MIAX, STKE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)
How Low Can It Go
| Event | COHN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -91.8% | -25.4% |
| % Gain to Breakeven | 1123.9% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -47.5% | -33.9% |
| % Gain to Breakeven | 90.5% | 51.3% |
| Time to Breakeven | 72 days | 148 days |
| 2018 Correction | ||
| % Loss | -78.3% | -19.8% |
| % Gain to Breakeven | 361.0% | 24.7% |
| Time to Breakeven | 245 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -97.2% | -56.8% |
| % Gain to Breakeven | 3460.6% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1480 days |
Compare to ABTC, FIGR, GEMI, MIAX, STKE
In The Past
Cohen's stock fell -91.8% during the 2022 Inflation Shock from a high on 3/3/2021. A -91.8% loss requires a 1123.9% gain to breakeven.
Preserve Wealth
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Asset Allocation
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Latest Trefis Analyses
| Title | Topic | |
|---|---|---|
| DASHBOARDS | ||
| Day 7 of Gains Streak for Cohen Stock with 66% Return (vs. 64% YTD) [11/17/2025]TREFISDASH | Notification |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select past ideas related to COHN. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WU | Western Union | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.4% | 3.4% | -0.4% |
| 11212025 | COIN | Coinbase Global | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 9.5% | 9.5% | 0.0% |
| 11142025 | PYPL | PayPal | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.1% | 0.1% | -7.5% |
| 11142025 | V | Visa | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -0.1% | -0.1% | -2.7% |
| 11072025 | WD | Walker & Dunlop | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -7.7% | -7.7% | -11.0% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WU | Western Union | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.4% | 3.4% | -0.4% |
| 11212025 | COIN | Coinbase Global | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 9.5% | 9.5% | 0.0% |
| 11142025 | PYPL | PayPal | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.1% | 0.1% | -7.5% |
| 11142025 | V | Visa | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -0.1% | -0.1% | -2.7% |
| 11072025 | WD | Walker & Dunlop | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -7.7% | -7.7% | -11.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Cohen
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 13.89 |
| Mkt Cap | 0.0 |
| Rev LTM | 139 |
| Op Inc LTM | 9 |
| FCF LTM | 7 |
| FCF 3Y Avg | -18 |
| CFO LTM | 16 |
| CFO 3Y Avg | -3 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 71.5% |
| Rev Chg 3Y Avg | 50.6% |
| Rev Chg Q | 311.8% |
| QoQ Delta Rev Chg LTM | 21.4% |
| Op Mgn LTM | 6.2% |
| Op Mgn 3Y Avg | 1.2% |
| QoQ Delta Op Mgn LTM | 2.9% |
| CFO/Rev LTM | 3.9% |
| CFO/Rev 3Y Avg | -12.8% |
| FCF/Rev LTM | 0.5% |
| FCF/Rev 3Y Avg | -14.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.0 |
| P/S | 0.1 |
| P/EBIT | 1.8 |
| P/E | 8.9 |
| P/CFO | 1.1 |
| Total Yield | 11.2% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -334.2% |
| D/E | 7.4 |
| Net D/E | -1.8 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -15.1% |
| 3M Rtn | -21.9% |
| 6M Rtn | 15.6% |
| 12M Rtn | -5.5% |
| 3Y Rtn | 37.7% |
| 1M Excs Rtn | -15.1% |
| 3M Excs Rtn | -23.7% |
| 6M Excs Rtn | 0.9% |
| 12M Excs Rtn | -17.9% |
| 3Y Excs Rtn | -32.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 6302025 | 8042025 | 10-Q 6/30/2025 |
| 3312025 | 5022025 | 10-Q 3/31/2025 |
| 12312024 | 3122025 | 10-K 12/31/2024 |
| 9302024 | 11042024 | 10-Q 9/30/2024 |
| 6302024 | 8062024 | 10-Q 6/30/2024 |
| 3312024 | 5062024 | 10-Q 3/31/2024 |
| 12312023 | 3062024 | 10-K 12/31/2023 |
| 9302023 | 11032023 | 10-Q 9/30/2023 |
| 6302023 | 8072023 | 10-Q 6/30/2023 |
| 3312023 | 5052023 | 10-Q 3/31/2023 |
| 12312022 | 3092023 | 10-K 12/31/2022 |
| 9302022 | 11042022 | 10-Q 9/30/2022 |
| 6302022 | 8042022 | 10-Q 6/30/2022 |
| 3312022 | 5062022 | 10-Q 3/31/2022 |
| 12312021 | 3092022 | 10-K 12/31/2021 |
| 9302021 | 11042021 | 10-Q 9/30/2021 |
External Quote Links
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| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |