Colliers International Group Inc.

CIGI Real Estate Real Estate Services

Colliers International Group Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.6 billion, up 15.3% from fiscal 2024. In the quarter to June 2026, revenue grew 16.7%, EPS grew 600.0%, free cash flow grew 285.1% and total debt rose 44.0%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, operating cash flow growth for three.

90.32 0.26 −0.29%
Market cap
$4.6B
P/E
42.6×
Fwd P/E
49.4×
Dividend yield
0.33%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 14.96%

Capital & Financial Ratios $m

Market Cap 4,630.00
Revenue 5,955.61
Net Income 211.66
Free Cash Flow 225.07
Net Debt 2,186.76
Current Ratio 1.19
Debt/Equity 1.62
P/E ratio 42.60 (above 35: high)
Fwd P/E 49.40 (above 35: high)
P/S ratio 0.78
P/B ratio 2.99
Past 5Y EPS Growth 10.61%
This Y EPS Growth 13.69%
Next Y EPS Growth 12.65%
Next Y revenue growth 15.55% (at or above 10%: strong)
Next 5Y EPS Growth 12.15%

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

Valuation vs history

P/E against its own 10 years 40.92%
10-year low 10-year high
P/S against its own 10 years 7.45%
10-year low 10-year high
P/B against its own 10 years 0.66%
10-year low 10-year high
EV/Sales against its own 10 years 31.81%
10-year low 10-year high
EV/FCF against its own 10 years 64.10%
10-year low 10-year high

Dividends

Payout Ratio 0.14
Annual Dividend Rate 0.30
Annual Dividend Yield 0.33%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.31
0.15
2025 0.26
0.15
0.15
2024 0.30
0.15
0.15
2023 0.30
0.15
0.15
2022 0.30
0.15
0.15
2021 0.20
0.05
0.15
2020 0.10
0.05
0.05
2019 0.10
0.05
0.05
2018 0.10
0.05
0.05
2017 0.10
0.05
0.05
2016 0.10
0.05
0.05
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 219 218 257 319
Receivables 869 826 1,002 1,146
Inventory — — — —
Other 128 245 217 269
1,474 1,599 1,822 2,111
2023 2024 2025 Q'26
Payables 536 495 511 660
ST’ Debt 2 6 8 19
Other 59 180 127 179
1,441 1,508 1,655 1,769

Compound Annual Growth %

10y 5y 3y
Sales 12.43% 14.81% 7.62%
Cash Flow 7.70% 14.67% 70.14%
Earnings 16.01% 16.01% 30.63%
Book Value 26.22% 21.23% 45.97%

Revenue $m

Mar Jun Sep Dec Year
’26 1,313 1,572 — — —
’25 1,141 1,348 1,463 1,607 5,558
’24 1,002 1,139 1,179 1,502 4,822
’23 966 1,078 1,056 1,235 4,335
’22 1,001 1,128 1,108 1,222 4,459
’21 775 946 1,023 1,345 4,089
’20 631 550 692 914 2,787
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (187) 140 — — —
’25 (84) 45 113 257 330
’24 (138) 141 107 215 326
’23 (133) 99 42 157 166
’22 (281) 32 77 239 67
’21 (38) 57 193 78 289
’20 (120) 27 197 62 166
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (206) 108 — — —
’25 (99) 28 97 226 251
’24 (154) 129 91 196 261
’23 (151) 77 23 133 81
’22 (291) 19 58 213 (1)
’21 (60) 46 181 64 231
’20 (129) 17 187 51 126
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.47) 0.56 — — —
’25 (0.08) 0.08 0.82 1.19 2.02
’24 0.26 0.73 0.73 1.47 3.22
’23 (0.47) (0.16) 0.53 1.42 1.41
’22 (0.42) 0.67 0.27 0.51 1.05
’21 0.11 (10.53) 0.40 0.92 (9.09)
’20 0.11 (0.26) 0.52 0.80 1.22
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
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 30.76 34.70 52.01 52.73 33.93 84.02 84.16 83.38 101.01 100.86

Analyst estimates 2026–2028

Powerpack
High 46.54 62.25 84.20 78.70 93.30 150.64 158.42 131.01 156.96 171.51
People
People Employees 11,395 12,000 13,927 15,250 15,370 16,780 18,450 19,230 22,940 23,660
Revenue/emp, $m 0.17 0.20 0.20 0.20 0.18 0.24 0.24 0.23 0.21 0.23
Income, $m
Income, $m Revenue 1,897 2,435 2,825 3,046 2,787 4,089 4,459 4,335 4,822 5,558
Gross margin, % 37.80 34.88 35.67 35.66 37.53 38.38 38.35 40.10 39.86 40.05
EBT 139 156 182 191 137 (152) 290 213 311 305
EBT margin, % 7.35 6.41 6.44 6.26 4.90 (3.72) 6.49 4.91 6.45 5.48
Net income 92 94 129 138 94 (238) 195 145 237 225
Depreciation 45 53 79 95 126 145 177 203 222 256
Per share, $
Per share, $ Revenue 49.14 62.71 72.16 77.01 69.70 95.27 102.73 94.90 96.64 109.45
Earnings 1.76 1.27 2.49 2.60 1.23 (9.09) 1.07 1.43 3.24 2.03
Cash flow 4.05 5.48 6.58 7.86 4.16 6.73 1.54 3.63 6.53 6.50
Capex (0.65) (1.02) (0.91) (1.12) (1.01) (1.35) (1.56) (1.85) (1.30) (1.55)
Free cash flow 3.40 4.47 5.67 6.74 3.15 5.38 (0.01) 1.78 5.23 4.95
Book value 5.51 7.80 10.01 13.08 14.66 13.64 11.37 18.62 26.57 30.22
Shares, m 39 39 39 40 40 43 43 46 50 51
Valuation, ×
Valuation, × P/E 20.77 48.11 22.10 29.99 72.46 0.00 85.71 92.05 42.23 72.42
P/S 0.74 0.97 0.76 1.01 1.28 1.56 0.90 1.29 1.41 1.34
P/B 6.64 7.83 5.50 5.96 6.08 10.90 8.14 6.58 5.12 4.87
EV/Sales 0.82 1.03 0.96 1.18 1.47 1.64 1.23 1.59 1.67 1.59
EV/FCF 11.89 14.50 12.17 13.43 32.43 29.05 (8,438.40) 84.74 30.95 35.17
Cash, $m
Cash, $m Operating cash flow 156 213 257 311 166 289 67 166 326 330
Capex (25) (39) (36) (44) (40) (58) (68) (85) (65) (79)
Free cash flow 131 173 222 267 126 231 (1) 81 261 251
Balance, $m
Balance, $m Working capital (4) (60) (41) (206) (72) 34 (128) 33 91 167
Total debt 262 250 672 611 704 756 1,666 1,503 1,508 1,634
Net debt 149 141 545 496 526 331 1,467 1,284 1,290 1,377
Shareholders’ equity 213 303 392 517 586 585 493 850 1,326 1,534
Returns, %
Returns, % ROA 5.95 3.81 5.05 3.92 1.59 (10.89) 1.03 1.24 2.79 1.60
ROIC 25.25 23.54 13.43 13.45 9.25 (8.97) 10.60 8.81 9.30 7.96
ROE 37.55 19.93 28.10 22.63 8.89 (66.65) 8.58 9.75 14.86 7.21
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Colliers International 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
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%
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
OPEN Opendoor Technologies Inc. $2.3B — (loss-making) — (loss-making) −43.65% (below 0%: shrinking) n/m −188.06% (below 0%: shrinking) 9.74% (16.31%) Compare
NMRK Newmark Group, Inc. $2.2B 14.3× 15.4× +17.03% (above 0%: growing) −8.33% (below 0%: shrinking) +188.46% (above 0%: growing) 100.00% 4.55% Compare
Median of peers $4.5B 38.3× 15.4× +11.03% +35.22% +108.29% 51.54% 4.70%

All 46 Real Estate Services stocks →

Colliers International Group Inc. (CIGI) key facts

  • Concern: Net income was $224.6 million, or $2.03 per share (basic), a net margin of 1.85%.
  • Strength: Colliers International Group Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.6 billion, up 15.3% from fiscal 2024.
  • Colliers International Group Inc. (CIGI) is a Real Estate Services company in the Real Estate sector, listed on Nasdaq.
  • As of October 16, 2026, CIGI traded at $90.32, a market capitalization of $4.6 billion.
  • At that price the stock trades at 42.6× trailing-twelve-month earnings and 0.8× sales; its P/E is higher than 41% of its own readings over the past ten years.
  • Colliers International Group Inc. pays an annual dividend of $0.30 per share, a yield of 0.33%, with a payout ratio of 14.3%.
  • Return on equity was 7.21% and debt-to-equity 1.62.
  • Its Piotroski F-score is 7 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Colliers International Group Inc. (CIGI) Latest News

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