Overview
CBRE GROUP, INC.
Latest 10-K: FY2025, filed Feb 12, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $40.55B
- 13.4%YoYup from FY2024
- TotalRevenue
- Gross profit
- $7.57B
- 8.8%YoYup from FY2024
- GrossProfit
- Operating income
- $1.75B
- 24.1%YoYup from FY2024
- OperatingIncome
- Net income
- $1.16B
- 19.5%YoYup from FY2024
- NetIncome
- Diluted EPS
- $3.85
- 22.6%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 300.8M
- 2.4%YoYdown from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- CBRE GROUP, INC. reported revenue of $40.55B for fiscal 2025, up 13.4% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 4 of the last 5 fiscal years.
Profitability
- Operating margin was 4.3% and net margin was 2.9%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $3.85, up 22.6% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $40.55B13.4%up Benchmark median 6.4% | $35.77B12.0%up Benchmark median 4.5% | $31.95B3.6%up Benchmark median 4.8% | $30.83B11.1%up Benchmark median 10.3% | $27.75B16.5%up Benchmark median 13.8% | 10.0% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | $7.57B8.8%up Benchmark median 6.8% | $6.96B10.9%up Benchmark median 5.5% | $6.27B4.8%down Benchmark median 5.2% | $6.59B6.9%up Benchmark median 8.3% | $6.17B29.0%up Benchmark median 15.7% | 5.2% Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $1.75B24.1%up Benchmark median 7.3% | $1.41B26.5%up Benchmark median 7.4% | $1.12B26.1%down Benchmark median 4.9% | $1.51B7.6%down Benchmark median 7.5% | $1.64B68.8%up Benchmark median 23.5% | 1.7% Benchmark median 7.2% |
| Net Income | $1.16B19.5%up Benchmark median 4.8% | $0.97B1.8%down Benchmark median 5.7% | $0.99B29.9%down Benchmark median 1.9% | $1.41B23.4%down Benchmark median 1.3% | $1.84B144.3%up Benchmark median 33.9% | -10.9% Benchmark median 4.1% |
| EPS (Diluted) | $3.8522.6%up Benchmark median 6.2% | $3.140.3%down Benchmark median 7.9% | $3.1526.6%down Benchmark median 1.9% | $4.2920.7%down Benchmark median 1.5% | $5.41143.7%up Benchmark median 34.8% | -8.2% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $30.88B26.6%up Benchmark median 5.6% | $24.38B8.1%up Benchmark median 3.4% | $22.55B9.9%up Benchmark median 4.1% | $20.51B7.1%down Benchmark median 2.2% | $22.07B22.4%up Benchmark median 6.7% | 8.8% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $21.25B39.9%up Benchmark median 6.4% | $15.19B12.7%up Benchmark median 1.9% | $13.48B13.2%up Benchmark median 2.9% | $11.91B6.4%down Benchmark median 2.0% | $12.71B20.7%up Benchmark median 5.2% | 13.7% Benchmark median 4.4% |
| Stockholders' Equity | $9.19B0.0%unchanged Benchmark median 6.8% | $9.19B1.4%up Benchmark median 5.4% | $9.07B5.4%up Benchmark median 7.3% | $8.61B8.0%down Benchmark median 2.5% | $9.36B31.4%up Benchmark median 9.0% | -0.4% Benchmark median 6.1% |
| Cash & Equivalents | $1.86B67.3%up Benchmark median 5.2% | $1.11B11.9%down Benchmark median 1.9% | $1.26B4.0%down Benchmark median 6.7% | $1.32B45.8%down Benchmark median -8.6% | $2.43B28.2%up Benchmark median -2.9% | -6.4% Benchmark median 2.0% |
| Total Debt | $7.59B81.2%up Benchmark median 2.1% | $4.19B19.8%up Benchmark median 0.2% | $3.50B60.1%up Benchmark median 0.3% | $2.18B23.4%down Benchmark median 0.1% | $2.85B2.8%up Benchmark median -0.1% | 27.7% Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.56B8.7%down Benchmark median 6.3% | $1.71B255.8%up Benchmark median 4.8% | $0.48B70.5%down Benchmark median 9.9% | $1.63B31.1%down Benchmark median -0.7% | $2.36B29.1%up Benchmark median 10.7% | -9.9% Benchmark median 7.0% |
| Capital Expenditures | $366.00M19.2%up Benchmark median 5.4% | $307.00M0.7%up Benchmark median 2.8% | $305.00M17.3%up Benchmark median 11.3% | $260.00M23.8%up Benchmark median 14.0% | $210.00M21.2%down Benchmark median 8.1% | 14.9% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $1.19B14.8%down Benchmark median 7.3% | $1.40B700.6%up Benchmark median 6.1% | $0.17B87.2%down Benchmark median 8.8% | $1.37B36.4%down Benchmark median -11.3% | $2.15B37.7%up Benchmark median 10.2% | -13.7% Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
2.4%
Wall Street
on net earnings
FY2024 2.4%
2.5%
Value investor
on free cash flow
FY2024 3.5%
Gap +0.1 pts: Value-investor figure 0.1 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 41.8×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
4.6%
Wall Street
on EBITDA
FY2024 4.8%
3.2%
Value investor
on EBIT
FY2024 3.2%
Gap −1.4 pts: Value-investor figure 1.4 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 21.8×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
19.0%
Wall Street
on book equity
FY2024 22.7%
n/m
Value investor
on tangible book
FY2024 3.1%
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 5.3×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
12.6%
Wall Street
ROE: net income ÷ equity
FY2024 10.6%
7.3%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 8.0%
Gap −5.3 pts: Value-investor figure 5.3 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
6.1%
Wall Street
EBITDA margin
FY2024 5.8%
2.9%
Value investor
Free-cash-flow margin
FY2024 3.9%
Gap −3.2 pts: Value-investor figure 3.2 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
1.09×
Wall Street
Current ratio
FY2024 1.07×
1.09×
Value investor
Quick ratio, inventory excluded
FY2024 1.07×
Gap Same: Both views read the same
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.33×
Wall Street
EBITDA ÷ total debt
FY2024 0.50×
0.16×
Value investor
FCF ÷ total debt
FY2024 0.33×
Gap −0.17×: Value-investor figure 0.17 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net debt/EBITDA 2.31×Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on CBRE yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on CBRE and publish the result to your public profile.
Cite this page
Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/CBRE
Valuein. (2026, October 30). CBRE GROUP, INC. (CBRE) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/CBRE
@misc{valuein_cbre_2026,
author = {{Valuein}},
title = {CBRE GROUP, INC. (CBRE) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/CBRE}},
note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}10-K filed Feb 12, 2026 · accession 0001138118-26-000005
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point-in-time · survivorship-free · every number traceable to its SEC filing
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