CBRENYSEReal EstateFiscal year ends December 31
CBRE GROUP, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 29, 2026
$130.77−2.31 (-1.74%)
Close on Oct 19, 2026
- Market cap
- $38.43B
- P/E (TTM)
- 30.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
18.7%−1.4 pts over 5 years
Operating margin
4.3%+0.3 pts over 5 years
Net margin
2.9%−0.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +13.4% | +9.6% | +11.2% | +14.1% | |
| Gross profit | +8.8% | +4.7% | +9.6% | -3.5% | |
| Operating income | +24.1% | +5.1% | +12.6% | +7.7% | |
| Net income | +19.5% | -6.3% | +9.0% | +7.8% | |
| EPS, diluted | +22.6% | -3.5% | +11.6% | +9.0% | |
| Free cash flow | -14.8% | -4.5% | -5.3% | +8.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 20.0% | 11.3% | 13.4% | |
| Return on assets | 5.3% | 4.4% | 4.2% | |
| Current ratio | 1.13 | 1.24 | 1.09 | |
| Debt to equity | 1.26 | 0.39 | 0.85 | |
| Net debt to EBITDA | 2.51× | 0.50× | 2.31× | |
| Interest coverage | 5.6× | – | – | |
| Capex to revenue | 1.1% | 1.1% | 0.9% | |
| Diluted shares | 338M | 338M | 301M |
Where the cash went
Fiscal 2021 to 2025, five years combined
CBRE generated $7.74B from operations and spent $5.93B on capital expenditure, dividends and share buybacks. 24% of that went back into the business.
Generated
$7.74B
Used
$5.93B
Capital expenditure$1.45B24%Dividends$00%Share buybacks$4.48B76%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.9%
×Asset turnover1.47×
×Equity multiplier3.20×
=Return on equity, FY202513.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 2.9% | 1.47× | 3.20× | 13.4% |
| FY2024 | 2.7% | 1.52× | 2.81× | 11.6% |
| FY2023 | 3.1% | 1.48× | 2.67× | 12.2% |
| FY2022 | 4.6% | 1.45× | 2.60× | 17.2% |
| FY2021 | 6.6% | 1.38× | 2.57× | 23.5% |
| FY2020 | 3.2% | 1.39× | 2.57× | 11.3% |
| FY2019 | 5.4% | 1.61× | 2.65× | 23.0% |
| FY2018 | 5.0% | 1.70× | 2.78× | 23.5% |
| FY2017 | 3.7% | 1.66× | 3.16× | 19.6% |
| FY2016 | 3.3% | 1.59× | 3.81× | 20.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$1.16B
- Cash generatingOperating cash flow above zero$1.56B
- Return on assets improvedROA up on the prior year4.3% → 4.7%
- Earnings backed by cashOperating cash flow above net income$1.56B vs $1.16B
- Less leverageLong-term debt to assets fell13.3% → 16.4%
- Better liquidityCurrent ratio rose1.07 → 1.09
- No dilutionShare count did not rise308M → 301M
- Gross margin improvedGross margin up on the prior year19.45% → 18.66%
- More efficientAsset turnover rose1.59 → 1.66