CBRE Group
CBRE NYSE· Real Estate Services
Last close · Oct 26, 2026
$122.88
KIRA · Stoqly’s AI analyst, in plain words
- CBRE Group had $40.6B of revenue in fiscal 2025, up 13.4% on the year before. Over five years, revenue changed +11.2% a year on average.
- Its operating margin was 4.3%, up 0.4 pts: of every 100 in sales, about 4 is left after running the business.
- CBRE Group made $1.2B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 9.6% a year.
- Free cash flow was $1.2B in fiscal 2025, 2.9% of revenue.
- CBRE Group returned $968M to shareholders in fiscal 2025, 81% of free cash flow. The diluted share count fell 2.4%.
- CBRE Group owes $6.0B more than it holds in cash, about 2.4 years of operating profit.
Market cap
$35.8B
P/E
26.3x
Revenue
$40.6B
Net income
$1.2B
Free cash flow
$1.2B
Operating margin
4.3%
CBRE Group in 30 seconds · fiscal 2025
Are sales growing?
+13.4%
Yes. Sales grew 13.4% last year.
Does it make a profit?
2.9%
A little. It keeps 2.9% of every sale as profit.
Does profit turn into cash?
2.9%
Partly. 2.9% of sales ends up as free cash.
Is debt under control?
2.4x
Keep an eye on it. Repaying its debt would take 2.4 years of operating profit.
How healthy are the accounts?
7 / 9
Solid. It passes 7 of 9 health tests.
How is the share priced?
26.3x
One share costs 26.3 times its yearly profit per share. Typical for its sector: 28.2x.
What CBRE Group does
CBRE is a commercial real estate services company. It helps businesses and investors lease, buy, sell, finance, value, operate and manage office, industrial, retail, apartment and specialty properties such as data centers, laboratories and government facilities. It says it works in more than 100 countries, and that it is the world's largest firm of its kind based on 2025 revenue. CBRE reports four segments. Advisory Services handles leasing, property sales, mortgage origination, loan servicing and valuation. Building Operations & Experience, set up in 2025, runs facilities and property management, services for data centers, and flexible workspaces through Industrious, which CBRE fully acquired in January 2025. Project Management oversees construction and other projects through Turner & Townsend, of which CBRE owns 70%. Real Estate Investments covers CBRE's own real estate investment programs and co-investments.
Biggest risks, in its own words
- Problems in credit markets, which can slow property sales and financing and hurt its results.
- Concentration of business with large clients, which raises credit risk and the effect of losing one.
- Its loan origination and servicing business relies heavily on relationships with U.S. government-sponsored enterprises.
- Growth from acquisitions that may not perform as expected, and may not be available in the future.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 12, 2026
- Legal name
- CBRE GROUP, INC.
- CIK
- 0001138118
CBRE Group · CBRE
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $27.7B | $30.8B | $31.9B | $35.8B | $40.6B |
| Revenue growth | 16.5% | 11.1% | 3.6% | 12.0% | 13.4% |
| Gross margin | 22.2% | 21.4% | 19.6% | 19.5% | 18.7% |
| Operating margin | 5.9% | 4.9% | 3.5% | 4.0% | 4.3% |
| Net income | $1.8B | $1.4B | $986M | $968M | $1.2B |
| Net margin | 6.6% | 4.6% | 3.1% | 2.7% | 2.9% |
| Diluted EPS | $5.41 | $4.29 | $3.15 | $3.14 | $3.85 |
| Cash | |||||
| Cash from operations | $2.4B | $1.6B | $480M | $1.7B | $1.6B |
| Capital expenditure | $210M | $260M | $305M | $307M | $366M |
| Free cash flow | $2.2B | $1.4B | $175M | $1.4B | $1.2B |
| FCF margin | 7.8% | 4.4% | 0.6% | 3.9% | 2.9% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $369M | $1.9B | $665M | $627M | $968M |
| Share count change | 0.4% | −3.5% | −4.6% | −1.5% | −2.4% |
| Debt and strength | |||||
| Cash and short-term investments | $2.4B | $1.3B | $1.3B | $1.1B | $1.9B |
| Debt incl. finance leases | $3.0B | $2.3B | $3.6B | $4.4B | $7.8B |
| Shareholders' equity | $8.5B | $7.9B | $8.3B | $8.4B | $8.9B |
| Net debt / EBITDA | 0.2x | 0.5x | 1.3x | 1.6x | 2.4x |
| Current ratio | 1.2x | 1.0x | 1.2x | 1.1x | 1.1x |
| Interest coverage | 39.9x | 17.0x | 5.9x | 3.6x | 3.9x |
| Returns and quality | |||||
| Return on capital | 13.9% | 13.4% | 8.6% | 10.1% | 10.2% |
| Return on equity | 23.5% | 17.2% | 12.2% | 11.6% | 13.4% |
| Piotroski F-score | 7 | 5 | 5 | 5 | 7 |
| Altman Z'' | 3.0 | 2.8 | 2.8 | 2.5 | 2.1 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$2.7M
3 insiders
Of sales under plans
100%
$2.7M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
CBRE Group · CBRE
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| CBRE Group CBRE | $35.8B | 13.4% | 4.3% | 2.9% | 10.2% | 26.3x | 7 |
| Jones Lang LaSalle JLL | $14.1B | 11.5% | 4.2% | — | 11.6% | 14.4x | 8 |
| Cushman & Wakefield CWK | $2.8B | 8.9% | 4.4% | 2.9% | 8.8% | 39.7x | 5 |
| Compass COMP | $8.2B | 23.7% | −0.9% | 2.9% | — | 161.5x | — |
| Newmark Group NMRK | $2.9B | 20.3% | 7.1% | 4.3% | 8.6% | 14.2x | 7 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $122.88 a share, the company is worth $35.8B: 26.3 times its earnings of the last four quarters.
CBRE Group grew sales faster than 2 of its 4 similar companies. Its P/E is higher than 2 of 4.
Source: SEC EDGAR XBRL filings (CIK 0001138118). Data updated October 22, 2026. For information only — not investment advice. Check the original filings before relying on any figure.