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CBRE Group, Inc.

CBRE Real Estate Real Estate Services

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%
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% (at or above 15%: strong)
Next Y EPS Growth 14.71%
Next Y revenue growth 16.07% (at or above 10%: strong)
Next 5Y EPS Growth 17.13% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.0×, against a ten-year median of 0.9×; over the ten years it ranged from 0.6× in 2020 to 1.4× in 2021.
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.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

CBRE Group, Inc. vs peers in Real Estate Services (Q) = latest quarter vs a year earlier

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 metrics, ten years each

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.

Source: company filings (standardised) and stockrow calculations.

CBRE Group, Inc. (CBRE) Latest News

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stockrow.com/CBRE · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com