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Stocks · Real estate · Real Estate

CBRE Group

CBRE Clue Score44
United States Fiscal year ends December CIK 0001138118
$130.80 -0.21% Close, 9 Oct 2026
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Price $130.80 +33.89% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue16.83Operating income0.82Net income0.57EPS, diluted1.69Fiscal year 2017Revenue18.15 +7.9%Operating income1.08Net income0.70 +21.6%EPS, diluted2.05 +21.3%Fiscal year 2018Revenue20.78 +14.5%Operating income1.09Net income1.06 +52.5%EPS, diluted3.10 +51.2%Fiscal year 2019Revenue23.27 +12.0%Operating income1.26Net income1.28 +20.6%EPS, diluted3.77 +21.6%Fiscal year 2020Revenue23.17 −0.4%Operating income0.97Net income0.75 −41.4%EPS, diluted2.22 −41.1%Fiscal year 2021Revenue26.95 +16.3%Operating income1.64Net income1.84 +144.3%EPS, diluted5.41 +143.7%Fiscal year 2022Revenue30.17 +12.0%Operating income1.51Net income1.41 −23.4%EPS, diluted4.29 −20.7%Fiscal year 2023Revenue31.51 +4.4%Operating income1.12Net income0.99 −29.9%EPS, diluted3.15 −26.6%Fiscal year 2024Revenue35.18 +11.7%Operating income1.41Net income0.97 −1.8%EPS, diluted3.14 −0.3%Fiscal year 2025Revenue39.90 +13.4%Operating income1.75Net income1.16 +19.5%EPS, diluted3.85 +22.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 16.83 18.15 20.78 23.27 23.17 26.95 30.17 31.51 35.18 39.90
Growth +7.9% +14.5% +12.0% −0.4% +16.3% +12.0% +4.4% +11.7% +13.4%
Operating income 0.82 1.08 1.09 1.26 0.97 1.64 1.51 1.12 1.41 1.75
Net income 0.57 0.70 1.06 1.28 0.75 1.84 1.41 0.99 0.97 1.16
Growth +21.6% +52.5% +20.6% −41.4% +144.3% −23.4% −29.9% −1.8% +19.5%
EPS, diluted 1.69 2.05 3.10 3.77 2.22 5.41 4.29 3.15 3.14 3.85
Growth +21.3% +51.2% +21.6% −41.1% +143.7% −20.7% −26.6% −0.3% +22.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin4.9%Net margin3.4%Free cash flow margin2.5%Fiscal year 2017Operating margin5.9%Net margin3.8%Free cash flow margin3.9%Fiscal year 2018Operating margin5.2%Net margin5.1%Free cash flow margin4.3%Fiscal year 2019Operating margin5.4%Net margin5.5%Free cash flow margin4.0%Fiscal year 2020Operating margin4.2%Net margin3.2%Free cash flow margin6.8%Fiscal year 2021Operating margin6.1%Net margin6.8%Free cash flow margin8.0%Fiscal year 2022Operating margin5.0%Net margin4.7%Free cash flow margin4.5%Fiscal year 2023Operating margin3.5%Net margin3.1%Free cash flow margin0.6%Fiscal year 2024Operating margin4.0%Net margin2.8%Free cash flow margin4.0%Fiscal year 2025Operating margin4.4%Net margin2.9%Free cash flow margin3.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 4.9% 5.9% 5.2% 5.4% 4.2% 6.1% 5.0% 3.5% 4.0% 4.4%
Net margin 3.4% 3.8% 5.1% 5.5% 3.2% 6.8% 4.7% 3.1% 2.8% 2.9%
Free cash flow margin 2.5% 3.9% 4.3% 4.0% 6.8% 8.0% 4.5% 0.6% 4.0% 3.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.62Capital expenditure−0.19Free cash flow0.43Fiscal year 2017Operating cash flow0.89Capital expenditure−0.18Free cash flow0.72 +68.2%Fiscal year 2018Operating cash flow1.13Capital expenditure−0.23Free cash flow0.90 +26.1%Buybacks−0.16Fiscal year 2019Operating cash flow1.22Capital expenditure−0.29Free cash flow0.93 +2.9%Buybacks−0.15Fiscal year 2020Operating cash flow1.83Capital expenditure−0.27Free cash flow1.56 +68.2%Buybacks−0.05Fiscal year 2021Operating cash flow2.36Capital expenditure−0.21Free cash flow2.15 +37.7%Buybacks−0.37Fiscal year 2022Operating cash flow1.63Capital expenditure−0.26Free cash flow1.37 −36.5%Buybacks−1.85Fiscal year 2023Operating cash flow0.48Capital expenditure−0.31Free cash flow0.18 −87.2%Buybacks−0.67Fiscal year 2024Operating cash flow1.71Capital expenditure−0.31Free cash flow1.40 +700.6%Buybacks−0.63Fiscal year 2025Operating cash flow1.56Capital expenditure−0.37Free cash flow1.19 −14.8%Buybacks−0.97
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.62 0.89 1.13 1.22 1.83 2.36 1.63 0.48 1.71 1.56
Capital expenditure −0.19 −0.18 −0.23 −0.29 −0.27 −0.21 −0.26 −0.31 −0.31 −0.37
Free cash flow 0.43 0.72 0.90 0.93 1.56 2.15 1.37 0.18 1.40 1.19
Growth +68.2% +26.1% +2.9% +68.2% +37.7% −36.5% −87.2% +700.6% −14.8%
Buybacks n/a n/a −0.16 −0.15 −0.05 −0.37 −1.85 −0.67 −0.63 −0.97

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.76Total debt2.55Net cash (debt)−1.79Shareholders’ equity3.01Debt to equity0.85Fiscal year 2017Cash0.75Total debt2.00Net cash (debt)−1.25Shareholders’ equity4.11Debt to equity0.49Fiscal year 2018Cash0.78Total debt1.77Net cash (debt)−0.99Shareholders’ equity4.94Debt to equity0.36Fiscal year 2019Cash0.97Total debt1.76Net cash (debt)−0.79Shareholders’ equity6.23Debt to equity0.28Fiscal year 2020Cash1.90Total debt1.38Net cash (debt)0.51Shareholders’ equity7.08Debt to equity0.20Fiscal year 2021Cash2.43Total debt1.54Net cash (debt)0.89Shareholders’ equity8.53Debt to equity0.18Fiscal year 2022Cash1.32Total debt1.51Net cash (debt)−0.20Shareholders’ equity7.85Debt to equity0.19Fiscal year 2023Cash1.27Total debt2.81Net cash (debt)−1.55Shareholders’ equity8.27Debt to equity0.34Fiscal year 2024Cash1.11Total debt3.28Net cash (debt)−2.17Shareholders’ equity8.41Debt to equity0.39Fiscal year 2025Cash1.86Total debt5.12Net cash (debt)−3.26Shareholders’ equity8.88Debt to equity0.58
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.76 0.75 0.78 0.97 1.90 2.43 1.32 1.27 1.11 1.86
Total debt 2.55 2.00 1.77 1.76 1.38 1.54 1.51 2.81 3.28 5.12
Net cash (debt) −1.79 −1.25 −0.99 −0.79 0.51 0.89 −0.20 −1.55 −2.17 −3.26
Shareholders’ equity 3.01 4.11 4.94 6.23 7.08 8.53 7.85 8.27 8.41 8.88
Debt to equity 0.85 0.49 0.36 0.28 0.20 0.18 0.19 0.34 0.39 0.58

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
16.83 18.15 20.78 23.27 23.17 26.95 30.17 31.51 35.18 39.90
Growth +7.9% +14.5% +12.0% −0.4% +16.3% +12.0% +4.4% +11.7% +13.4%
0.08 14.31 16.45 18.69 19.05 21.58 24.24 25.68 28.81 32.98
0.82 1.08 1.09 1.26 0.97 1.64 1.51 1.12 1.41 1.75
Growth +32.1% +0.9% +15.8% −23.0% +68.8% −7.6% −26.1% +26.5% +24.1%
0.88 1.17 1.38 1.36 0.97 2.41 1.66 1.28 1.22 1.59
0.30 0.47 0.31 0.07 0.21 0.57 0.23 0.25 0.18 0.32
0.57 0.70 1.06 1.28 0.75 1.84 1.41 0.99 0.97 1.16
Growth +21.6% +52.5% +20.6% −41.4% +144.3% −23.4% −29.9% −1.8% +19.5%
Per share
1.71 2.06 3.13 3.82 2.24 5.48 4.36 3.20 3.16 3.88
1.69 2.05 3.10 3.77 2.22 5.41 4.29 3.15 3.14 3.85
Growth +21.3% +51.2% +21.6% −41.1% +143.7% −20.7% −26.6% −0.3% +22.6%
335.4 337.7 339.3 335.8 335.2 335.2 322.8 308.4 305.9 298.2
338.4 340.8 343.1 340.5 338.4 339.7 327.7 312.6 308.0 300.8
Growth +0.7% +0.7% −0.8% −0.6% +0.4% −3.5% −4.6% −1.4% −2.4%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 11.5% a year over five years, and earnings per share grew 11.6% a year.
  • The diluted share count fell 11.1% in five years, so buybacks did some of the work per share.
  • Operating margin is flat at 4.4%.
  • Profitable in every one of the 10 years on file.