Saturday 17 October 2026 Export CBRE’s income statement to Excel — free account

CBRE Group, Inc.

CBRE Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $40.6 billion, up 13.4% from fiscal 2024. In the quarter to June 2026, revenue grew 15.5%, EPS fell 2.78%, free cash flow fell 1,200.0% and total debt rose 31.5%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for five consecutive years.

133.08 2.41 −1.78%

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Market cap: $39.2B
P/E: 30.2×
Fwd P/E: 20.2×
Dividend yield: —
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 2.68

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	—	—	1	1	—	2	—	1	2	—	—

Insider Ownership 1.46%

Capital & Financial Ratios $m

Market Cap 39,230.00

Revenue 43,711.00

Net Income 1,435.00

Free Cash Flow 1,117.00

Net Debt 4,161.00

Current Ratio 1.14

Debt/Equity 0.67

P/E ratio 30.25

Fwd P/E 20.20

P/S ratio 0.89

P/B ratio 4.45

Past 5Y EPS Growth 11.64%

This Y EPS Growth 22.84%

Next Y EPS Growth 14.71%

Next Y revenue growth 16.07%

Next 5Y EPS Growth 17.13%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 72.54%

10-year low 10-year high

P/S against its own 10 years 62.59%

10-year low 10-year high

P/B against its own 10 years 87.47%

10-year low 10-year high

EV/Sales against its own 10 years 63.73%

10-year low 10-year high

EV/FCF against its own 10 years 60.56%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,371	1,221	2,014	1,639
Receivables	7,204	7,696	10,089	9,697
Inventory	—	—	—	—
Other	315	321	552	648
	9,666	9,970	13,489	12,912

	2023	2024	2025	Q'26
Payables	3,562	4,102	4,838	4,934
ST’ Debt	9	36	71	69
Other	218	345	447	392
	8,243	9,287	12,320	11,317

Compound Annual Growth %

	10y	5y	3y
Sales	14.09%	11.22%	9.57%
Cash Flow	9.11%	(3.16%)	(1.45%)
Earnings	7.78%	9.00%	(6.31%)
Book Value	12.79%	5.24%	2.22%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	10,527	11,226	—	—	—
’25	8,875	9,717	10,258	11,700	40,550
’24	7,935	8,391	9,036	10,405	35,767
’23	7,411	7,720	7,868	8,950	31,949
’22	7,333	7,771	7,530	8,194	30,828
’21	5,939	6,459	6,798	8,550	27,746
’20	5,889	5,381	5,645	6,911	23,826

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(825)	138	—	—	—
’25	(546)	57	827	1,221	1,559
’24	(492)	287	573	1,340	1,708
’23	(745)	(11)	383	853	480
’22	(394)	454	754	814	1,629
’21	(193)	421	973	1,164	2,364
’20	(129)	153	866	940	1,831

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(429)	(117)	—	—	—
’25	(663)	(9)	548	1,436	1,312
’24	(619)	143	418	1,305	1,247
’23	(805)	(86)	204	768	81
’22	(436)	400	690	715	1,369
’21	(223)	374	928	1,075	2,154
’20	(191)	81	810	864	1,564

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.07	0.69	—	—	—
’25	0.54	0.72	1.21	1.39	3.85
’24	0.41	0.42	0.73	1.58	3.14
’23	0.37	0.64	0.61	1.55	3.15
’22	1.16	1.48	1.38	0.25	4.29
’21	0.78	1.30	1.28	2.04	5.41
’20	0.51	0.24	0.55	0.93	2.22

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	22.74	29.69	37.45	37.85	29.17	58.74	66.31	64.63	82.75	108.45	Analyst estimates 2026–2028 Powerpack
	High	34.46	44.34	50.43	61.54	67.70	109.56	111.00	94.27	142.00	171.00
People
People	Employees	75,000	80,000	90,000	100,000	100,000	105,000	115,000	130,000	140,000	155,000
	Revenue/emp, $m	0.23	0.23	0.24	0.24	0.24	0.26	0.27	0.25	0.26	0.26
Income, $m
Income, $m	Revenue	17,369	18,629	21,340	23,894	23,826	27,746	30,828	31,949	35,767	40,550
	Gross margin, %	22.73	23.21	22.92	21.78	20.06	22.22	21.37	19.64	19.45	18.66
	EBT	882	1,171	1,379	1,361	970	2,410	1,658	1,277	1,218	1,594
	EBT margin, %	5.08	6.29	6.46	5.70	4.07	8.69	5.38	4.00	3.41	3.93
	Net income	585	704	1,066	1,291	756	1,842	1,424	1,027	1,036	1,277
	Depreciation	378	417	487	538	673	534	613	790	869	928
Per share, $
Per share, $	Revenue	51.78	55.17	62.89	71.16	71.08	82.77	95.50	103.59	116.94	136.00
	Earnings	1.71	2.05	3.13	3.82	2.24	5.48	4.36	3.20	3.16	3.88
	Cash flow	1.84	2.65	3.33	3.64	5.46	7.05	5.05	1.56	5.58	5.23
	Capex	(0.57)	(0.53)	(0.67)	(0.87)	(0.80)	(0.63)	(0.81)	(1.29)	(1.51)	(0.83)
	Free cash flow	1.27	2.12	2.66	2.77	4.67	6.43	4.24	0.26	4.08	4.40
	Book value	9.11	12.36	14.76	18.68	21.24	27.92	26.66	29.40	30.05	30.83
	Shares, m	335	338	339	336	335	335	323	308	306	298
Valuation, ×
Valuation, ×	P/E	18.57	21.38	12.79	16.04	28.00	19.80	18.07	29.04	41.55	41.44
	P/S	0.61	0.79	0.64	0.86	0.88	1.31	0.82	0.90	1.12	1.18
	P/B	3.46	3.54	2.71	3.28	2.95	3.89	2.94	3.17	4.37	5.21
	EV/Sales	0.71	0.86	0.68	0.89	0.85	1.33	0.82	0.95	1.18	1.26
	EV/FCF	27.18	21.48	15.58	22.21	12.80	16.94	18.22	279.48	33.14	38.12
Cash, $m
Cash, $m	Operating cash flow	617	894	1,131	1,223	1,831	2,364	1,629	480	1,708	1,559
	Capex	(191)	(178)	(228)	(294)	(267)	(210)	(260)	(399)	(461)	(247)
	Free cash flow	426	716	903	930	1,564	2,154	1,369	81	1,247	1,312
Balance, $m
Balance, $m	Working capital	597	918	951	1,098	1,702	1,664	287	1,423	683	1,169
	Total debt	2,548	2,000	1,770	1,763	1,382	3,119	1,514	2,813	3,281	5,121
	Net debt	1,717	1,175	906	669	(658)	579	109	1,442	2,060	3,107
	Shareholders’ equity	3,057	4,175	5,010	6,273	7,120	9,359	8,606	9,067	9,192	9,193
Returns, %
Returns, %	ROA	5.26	6.20	8.45	8.65	4.39	9.16	6.61	4.58	4.13	4.19
	ROIC	10.69	12.60	11.49	11.34	9.38	10.29	10.84	6.64	7.85	8.91
	ROE	19.71	19.28	23.15	22.73	11.23	22.29	15.66	11.16	10.60	12.59

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CBRE CBRE Group, Inc.	$39.2B	30.2×	20.2×	+15.53% (above 0%: growing)	−2.78% (below 0%: shrinking)	−1,200.00% (below 0%: shrinking)	18.58%	3.25%
BEKE KE Holdings Inc. Sponsored ADR	$18.8B	27.6×	20.6×	−0.39% (below 0%: shrinking)	+125.00% (above 0%: growing)	+760.48% (above 0%: growing)	28.58%	12.33%	Compare
JLL Jones Lang LaSalle Incorporated	$14.3B	14.3×	13.2×	+10.84% (above 0%: growing)	+97.46% (above 0%: growing)	+51.87% (above 0%: growing)	54.76%	4.20%	Compare
CSGP CoStar Group, Inc.	$13.0B	173×	59.5×	+18.44% (above 0%: growing)	+879.02% (above 0%: growing)	+1,525.00% (above 0%: growing)	78.70%	8.22%	Compare
COMP Compass, Inc.	$7.4B	130×	24.1×	+109.03% (above 0%: growing)	+71.43% (above 0%: growing)	+164.71% (above 0%: growing)	100.00%	2.88%	Compare
FSV FirstService Corporation	$6.2B	38.3×	34.9×	+2.37% (above 0%: growing)	−0.99% (below 0%: shrinking)	−23.87% (below 0%: shrinking)	33.17%	6.88%	Compare
CIGI Colliers International Group Inc.	$4.6B	42.6×	49.4×	+16.68% (above 0%: growing)	+600.00% (above 0%: growing)	+285.13% (above 0%: growing)	40.39%	6.26%	Compare
IHS IHS Holding Limited	$2.9B	20.1×	7.6×	+10.41% (above 0%: growing)	n/m	−41.30% (below 0%: shrinking)	48.32%	19.32%	Compare
CWK Cushman & Wakefield PLC	$2.7B	39.0×	11.1×	+11.22% (above 0%: growing)	−12.00% (below 0%: shrinking)	+15,066.67% (above 0%: growing)	18.53%	4.86%	Compare
Median of peers	$6.8B	38.6×	22.4×	+11.03%	+97.46%	+224.92%	44.36%	6.57%

All 46 Real Estate Services stocks →

CBRE Group, Inc. (CBRE) key facts

Strength: CBRE Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $40.6 billion, up 13.4% from fiscal 2024.
Strength: Net income was $1.3 billion, or $3.88 per share (basic), a net margin of 2.85%.
CBRE Group, Inc. (CBRE) is a Real Estate Services company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, CBRE traded at $133.08, a market capitalization of $39.2 billion.
At that price the stock trades at 30.2× trailing-twelve-month earnings and 0.9× sales; its P/E is higher than 73% of its own readings over the past ten years.
Return on equity was 12.6% and debt-to-equity 0.67.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.