ALX vs IRS vs VNO Stock Comparison

Alexanders, Irsa Investments & Representations and Vornado Realty Trust Prices as of Oct 27, 2026 Peers: Industry group
ALX Alexanders Inc
$248.95 +0.5% 1M +5.2% 1Y
Market cap
$1.28B
P/E
7.5x
Revenue (TTM)
$214.80M
Div. yield
0.07%
Office REITs Real Estate
4 wins
VNO Vornado Realty Trust
$34.33 -1.1% 1M -12.4% 1Y
Market cap
$6.42B
P/E
1,110x
Revenue (TTM)
$1.83B
Div. yield
–
Office REITs Real Estate
2 wins

Head to Head

9 decided of 12

Alexanders leads on 4 of the 12 questions below (Alexanders 4, Irsa Investments & Representations 3, Vornado Realty Trust 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionALXIRSVNOLeader
Larger companyMarket capitalisation $1.28B $1.13B $6.42B VNO
Cheaper on earningsLower P/E, profitable companies only 7.5x 4.3x 1,110x IRS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 29.5x 80.8x — ALX
Faster revenue growthRevenue growth, trailing twelve months -1.5% — +1.4% VNO
More profitableNet margin, trailing twelve months 79.1% — 0.3% ALX
Better return on capitalReturn on invested capital — — 2.3% –
Less leveragedLower net debt / EBITDA — — 7.1x –
Higher dividend yieldTrailing dividend yield 0.07% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +5.2% -5.3% -12.4% ALX
Better 5-year returnAnnualised price return, 5 years -2.5%/yr +21.9%/yr -4.6%/yr IRS
Less volatileAnnualised volatility, 1 year 27.9% 40.9% 32.7% ALX
Higher overall scoreMean of the five percentile scores vs peers 36/100 86/100 29/100 IRS

Percentile Scorecard

ALXIRSVNO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisALXIRSVNO
Valuation 33 #98 of 145 97 #5 of 145 24 #111 of 145
Growth 33 #95 of 141 – 13 #123 of 141
Profitability 46 #73 of 134 – 38 #84 of 134
Financial Health 10 #125 of 138 66 #48 of 138 33 #93 of 138
Shareholder Returns 59 #55 of 131 95 #7 of 131 39 #81 of 131
Overall 36 86 29
  • ALX ranked among 149 companies in Property REITs
  • IRS ranked among 149 companies in Property REITs
  • VNO ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodALXIRSVNOSPY
1 month +0.5%-1.4%-1.1% -0.2%
3 months -7.4%-6.3%-14.3% +3.9%
6 months -0.1%+0.1%+13.3% +8.2%
Year to date +14.2%-12.1%+3.2% +12.9%
1 year +5.2%-5.3%-12.4% +12.3%
3 years +38.9%+131.2%+75.8% +87.4%
3 years, per year +11.6%+32.2%+20.7% +23.3%
5 years -11.9%+169.4%-21.0% +67.9%
5 years, per year -2.5%+21.9%-4.6% +10.9%
10 years -35.1%-30.2%-53.7% +261.1%
10 years, per year -4.2%-3.5%-7.4% +13.7%

Risk

MeasureALXIRSVNOSPY
Volatility, 1Y 27.9%40.9%32.7% 12.7%
Downside volatility, 1Y 30.4%39.3%33.5% 12.7%
Beta vs S&P 500, 1Y 0.231.180.99 1.00
Return / volatility, 1Y 0.19-0.13-0.38 0.97
Max drawdown, 5Y -44.5%-37.9%-73.6% -25.4%
From 52-week high -13.1%-21.0%-16.1% -1.2%
52-week high $286.59$18.41$40.91 $779.14
52-week low $205.15$13.20$24.71 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleALXIRSVNO
P/E now vs peer median 7.5xmedian 26.3x 4.3xmedian 26.3x 1,112xmedian 26.3x
P/S now vs peer median 5.9xmedian 4.0x 2.8xmedian 4.0x 3.5xmedian 4.0x
EV/EBITDA now vs peer median —median 14.4x —median 14.4x 13.8xmedian 14.4x
P/FCF now vs peer median 87.5xmedian 23.3x 11.4xmedian 23.3x -15.4xmedian 23.3x
P/B now vs peer median 5.7xmedian 1.3x 0.8xmedian 1.3x 1.1xmedian 1.3x
PEG now vs peer median 0.42median 1.91 —median 1.91 42.32median 1.91

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsALXIRSVNO
Revenue $214.80M – $1.83B
Net income $169.82M – $49.20M
Free cash flow $14.53M – -$416.33M
EPS (diluted) $33.05 – $0.03
Cash & equivalents $303.31M $76.28M $675.35M
Total debt $3.48B $3.24B $7.44B
Shares (diluted) 5.14M 77.90M 194.20M
Enterprise value $482.07M $74.09M $2.81B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricALXIRSVNO
P/E 7.5x 4.3x 1,112x
P/FCF 87.5x 11.4x -15.4x
P/Operating cash flow 46.8x – 16.4x
P/S 5.9x 2.8x 3.5x
P/B 5.7x 0.8x 1.1x
P/Tangible book 5.7x 0.8x 1.1x
EV/EBITDA – – 13.8x
EV/EBIT – – 32.8x
EV/Revenue 8.4x – 7.2x
EV/FCF 124.1x – -31.7x
EV/Operating cash flow 66.4x – 33.7x
PEG (3Y EPS CAGR) 0.42 – 42.32

Growth

14 metrics
MetricALXIRSVNO
Revenue growth (1Y) -1.5% – 1.4%
Revenue CAGR (3Y) 0.2% – 0.1%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – – –
Operating income CAGR (3Y) – – –
Net income growth (1Y) 354.2% – -94.6%
Net income CAGR (3Y) 17.9% – 28.4%
EPS growth (1Y) 354.0% – -99.3%
EPS CAGR (3Y) 17.8% – 26.3%
Operating cash flow growth (1Y) -68.1% – -71.9%
Operating cash flow CAGR (3Y) -28.8% – -19.3%
Free cash flow growth (1Y) -74.4% – -145.3%
Free cash flow CAGR (3Y) -38.2% – -66.0%

Profitability

14 metrics
MetricALXIRSVNO
Gross margin – – –
EBITDA margin – – 52.0%
Operating margin – – –
Pretax margin – – 2.9%
Net margin 79.1% – 0.3%
FCF margin 6.8% – -22.8%
Operating cash flow margin 12.6% – 21.4%
Return on equity – – 0.7%
Return on assets – – 0.3%
Return on invested capital – – 2.3%
Return on capital employed – – –
Asset turnover 0.2x – 0.1x
Cash conversion (OCF / net income) 0.2x – 7.9x
Stock comp / revenue – – 1.4%

Financial Health

11 metrics
MetricALXIRSVNO
Debt / assets 69.4% 37.9% 47.7%
Debt / equity 3.7x 0.8x 1.2x
Net debt / EBITDA – – 7.1x
Debt / FCF 57.4x – -17.9x
Liabilities / assets 81.4% 50.1% 61.8%
Equity / assets 18.6% 49.9% 38.2%
Interest coverage – – 1.2x
Current ratio – 1.8x –
Quick ratio – 1.7x –
Cash ratio – 1.3x –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricALXIRSVNO
Dividend yield 7.2% 9.8% 2.2%
Net buyback yield – – 2.1%
Shareholder yield 7.2% 9.8% 4.2%
Payout ratio (earnings) 54.4% – –
Payout ratio (FCF) 636.3% – –
Dividend growth (1Y) 0.0% – –
Dividend CAGR (3Y) 0.1% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusALXIRSVNO
Forward P/E 29.5xFY2027 80.8xFY2027 –
EPS, next fiscal year $8.44FY2027 $0.18FY2027 $-0.40FY2026
EPS growth, next FY -31.2%FY2027 -50.0%FY2027 -109.5%FY2026
EPS growth, the year after – -16.7% –
Revenue, next fiscal year $259.67MFY2026 $436.40MFY2027 $1.78BFY2026
Revenue growth, next FY +21.8%FY2026 +0.1%FY2027 -1.9%FY2026
Revenue growth, the year after -8.1% -1.4% +24.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersALXIRSVNO
Held by institutions 38.9% 17.2% 99.2%
Institutions holding 153 68 433
Change in shares held, QoQ +2.7% +8.0% +14.6%
Institutions buying 71 34 233
Institutions selling 50 11 126
Buyers to sellers 1.42 3.09 1.85

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ALXIRSVNO
ALX 1.00 0.09 0.43
IRS 0.09 1.00 0.22
VNO 0.43 0.22 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ALX, IRS and VNO?

Vornado Realty Trust (VNO) is the largest by market capitalisation: Alexanders (ALX) $1.28B, Irsa Investments & Representations (IRS) $1.13B, Vornado Realty Trust (VNO) $6.42B.

Which stock is cheaper, ALX, IRS and VNO?

Irsa Investments & Representations (IRS) trades on the lowest price-to-earnings ratio (Alexanders (ALX) 7.5x, Irsa Investments & Representations (IRS) 4.3x, Vornado Realty Trust (VNO) 1,110x). On next year's consensus earnings, Alexanders (ALX) is cheapest (Alexanders (ALX) 29.5x, Irsa Investments & Representations (IRS) 80.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Vornado Realty Trust (VNO) grew revenue fastest over the trailing twelve months: Alexanders (ALX) -1.5%, Vornado Realty Trust (VNO) +1.4%.

Which company is more profitable?

Alexanders (ALX) has the highest net margin (Alexanders (ALX) 79.1%, Vornado Realty Trust (VNO) 0.3%).

Which stock has performed better?

Over the past year Alexanders (ALX) returned the most: Alexanders (ALX) +5.2%, Irsa Investments & Representations (IRS) -5.3%, Vornado Realty Trust (VNO) -12.4%. Over five years, Irsa Investments & Representations (IRS) compounded fastest (Alexanders (ALX) -2.5%/yr, Irsa Investments & Representations (IRS) +21.9%/yr, Vornado Realty Trust (VNO) -4.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Alexanders (ALX) 0.07%, Irsa Investments & Representations (IRS) 0.00%, Vornado Realty Trust (VNO) 0.00%. Irsa Investments & Representations (IRS) and Vornado Realty Trust (VNO) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Alexanders (ALX) has been the steadiest (Alexanders (ALX) 27.9%, Irsa Investments & Representations (IRS) 40.9%, Vornado Realty Trust (VNO) 32.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ALX, IRS and VNO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Alexanders (ALX) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.