CBRE Group

Real Estate Real Estate Services Dallas, Texas Last filing Feb 12, 2026 · FY2025

                    Revenue
                    FY2025
                
$39.9B
                    3y CAGR +9.8%
                    
                    P67
                    
                    +13.4%
                    
                    Net income
                    FY2025
                
$1.2B
                    Net margin +2.9%
                    
                    P17
                    
                    +19.5%
                    
                    Total assets
                    FY2025
                
$30.9B
                    ROA +3.7%
                    
                    P61
                    
                    +26.6%
                    
                    Operating cash flow
                    FY2025
                
$1.6B
                    
                    -8.7%

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

33 accounts · 10 years

Total assets $30.9B

Total liabilities $21.3B

Shareholders equity $8.9B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	6.0%	4.6%	5.6%	6.4%	11.0%	10.5%	6.0%	5.8%	6.5%	7.1%
Short Term Investments	0.2%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Accounts Receivable	26.8%	28.7%	28.3%	26.0%	23.3%	24.4%	27.6%	27.3%	27.9%	24.2%
Prepaid Expenses	1.2%	1.4%	1.5%	1.5%	1.5%	1.6%	1.7%	1.9%	1.9%	1.7%
Other Current Assets	1.8%	1.3%	1.4%	2.7%	1.7%	1.6%	1.7%	1.8%	2.0%	1.7%
Total Current Assets	43.7%	40.9%	42.9%	41.6%	45.7%	49.0%	46.5%	50.2%	47.5%	47.5%
Property,Plant and Equipment	3.4%	3.7%	4.0%	4.1%	3.7%	4.5%	5.2%	5.4%	5.4%	5.2%
Operating Lease Assets	6.7%	4.9%	4.6%	5.0%	4.7%	5.7%	6.2%	—	—	—
Goodwill	22.8%	23.1%	22.7%	23.7%	22.6%	21.2%	23.2%	27.1%	28.3%	27.7%
Intangible Assets	9.6%	9.4%	9.2%	10.7%	10.9%	7.6%	8.5%	10.7%	12.2%	13.1%
Long Term Investments	2.8%	5.3%	6.1%	6.4%	5.4%	2.5%	2.6%	1.6%	2.1%	2.2%
Deferred Tax Assets	2.3%	2.2%	1.6%	1.3%	0.7%	0.5%	1.8%	1.4%	2.3%	1.3%
Other Noncurrent Assets	5.9%	7.7%	6.9%	5.4%	4.0%	4.1%	4.1%	4.6%	3.7%	3.4%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	26.8%	28.7%	28.3%	26.0%	23.3%	24.4%	27.6%	27.3%	27.9%	24.2%
Accrued Liabilities	15.7%	16.8%	15.8%	15.0%	13.2%	14.9%	15.0%	14.3%	14.6%	13.4%
Deferred Revenue	1.5%	1.5%	1.3%	1.3%	1.3%	0.9%	0.7%	0.6%	—	—
Current Portion of Long Term Debt	0.2%	0.1%	0.0%	2.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Operating Lease Liabilities	0.9%	0.8%	1.1%	1.1%	1.1%	1.2%	1.0%	—	—	—
Other Current Liabilities	1.4%	1.4%	1.0%	1.1%	0.9%	0.9%	0.8%	0.7%	0.6%	1.0%
Total Current Liabilities	39.9%	38.1%	36.6%	40.2%	38.1%	39.6%	39.7%	43.1%	40.1%	42.0%
Long Term Debt	16.4%	13.3%	12.4%	5.3%	7.0%	7.7%	10.9%	13.1%	17.4%	23.6%
Operating Lease Liabilities Noncurrent	6.9%	5.4%	4.8%	5.3%	5.1%	6.2%	6.5%	—	—	—
Deferred Tax Liabilities	0.8%	1.0%	1.1%	1.4%	1.8%	0.7%	0.3%	0.4%	0.1%	0.8%
Other Noncurrent Liabilities	4.3%	3.9%	4.0%	4.9%	4.7%	3.5%	2.8%	4.4%	4.7%	4.9%
Total Liabilities	68.8%	62.3%	59.8%	58.0%	57.6%	58.4%	61.3%	62.8%	64.5%	71.6%
Equity
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	0.0%	0.0%	0.0%	0.0%	3.6%	6.0%	6.9%	8.5%	10.6%	10.6%
Retained Earnings	32.1%	39.2%	40.7%	43.1%	37.9%	36.2%	35.8%	33.5%	29.2%	24.6%
Accumulated Other Comprehensive Income	-3.4%	-4.8%	-4.1%	-4.8%	-2.9%	-2.9%	-4.2%	-5.3%	-4.8%	-7.3%
Noncontrolling Interest	1.0%	3.2%	3.5%	3.7%	3.8%	0.2%	0.2%	0.5%	0.5%	0.4%
Total Stockholders Equity	28.8%	34.5%	36.7%	38.3%	38.6%	39.2%	38.5%	36.7%	35.0%	28.0%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

17 accounts · 10 years

Revenue $39.9B

Operating income $1.8B

Net income $1.2B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	129.2%	144.3%	139.7%	147.1%	122.1%	128.4%	143.7%	154.4%	158.1%	156.1%
Expenses Cost of Revenue	106.8%	118.2%	113.9%	118.2%	97.8%	105.6%	115.4%	122.2%	124.6%	124.5%
Expenses Selling,General and Administrative	0.3%	0.3%	0.3%	0.4%	0.3%	0.3%	0.5%	0.6%	0.0%	0.0%
Expenses Depreciation and Amortization	2.4%	2.8%	2.8%	3.0%	2.4%	2.8%	2.7%	3.4%	3.5%	3.4%
Expenses Share Based Compensation	0.4%	0.6%	0.4%	0.8%	0.8%	0.3%	0.8%	1.0%	0.8%	0.6%
Other Income Expense Operating Income	5.7%	5.8%	5.0%	7.4%	7.4%	5.4%	7.8%	8.1%	9.4%	7.6%
Other Income Expense Interest Income	-0.7%	-0.9%	-0.7%	-0.3%	—	—	—	0.1%	0.1%	0.1%
Other Income Expense Interest Expense	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	0.8%	1.2%	1.3%
Other Income Expense Other Income/expense	0.1%	0.2%	0.3%	-0.1%	0.9%	0.1%	0.2%	0.7%	0.1%	0.0%
Other Income Expense Income Before Tax	5.2%	5.0%	5.7%	8.1%	10.9%	5.4%	8.4%	10.2%	10.2%	8.2%
Income Tax Income Tax Expense	1.0%	0.7%	1.1%	1.1%	2.6%	1.2%	0.4%	2.3%	4.1%	2.8%
net Income net Income	3.7%	4.0%	4.4%	6.9%	8.3%	4.2%	7.9%	7.9%	6.1%	5.3%
net Income Comprehensive Income	4.1%	3.0%	4.6%	5.2%	7.8%	5.0%	8.2%	6.7%	8.2%	2.5%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	1.0%	1.3%	1.4%	1.6%	1.5%	1.9%	2.1%	2.5%	2.9%	3.1%
Earnings Per Share Weighted Average Shares Diluted	1.0%	1.3%	1.4%	1.6%	1.5%	1.9%	2.1%	2.5%	3.0%	3.1%

Cash Flow Statement

Operating, investing, and financing flows

17 accounts · 10 years

Operating cash flow $1.6B

Investing cash flow $-1.6B

Financing cash flow $796.0M

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	3.7%	4.0%	4.4%	6.9%	8.3%	4.2%	7.9%	7.9%	6.1%	5.3%
Operating Activities Depreciation and Amortization	2.4%	2.8%	2.8%	3.0%	2.4%	2.8%	2.7%	3.4%	3.5%	3.4%
Operating Activities Stock Based Compensation	0.4%	0.6%	0.4%	0.8%	0.8%	0.3%	0.8%	1.0%	0.8%	0.6%
Operating Activities Deferred Income Taxes	-0.9%	-0.8%	-0.5%	-2.0%	-0.3%	0.4%	-0.6%	-0.1%	-0.1%	-0.1%
Operating Activities Changes In Operating Assets and Liabilities	0.2%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	4.8%	3.0%
Operating Activities net Cash From Operating Activities	5.0%	7.0%	2.1%	7.9%	10.7%	10.1%	7.6%	8.4%	7.8%	5.7%
Investing Activities Other Investing Activities	-0.5%	-0.6%	-0.2%	0.5%	0.1%	-0.1%	-0.0%	0.1%	-0.0%	-0.4%
Investing Activities net Cash From Investing Activities	-5.3%	-6.2%	-3.0%	-4.1%	-5.8%	-4.1%	-4.5%	-4.2%	-2.6%	-1.4%
Financing Activities Proceeds From Debt	0.0%	17.1%	17.8%	0.0%	2.2%	0.0%	0.0%	24.2%	13.2%	27.0%
Financing Activities Repayment of Debt	0.4%	16.6%	18.6%	0.0%	0.0%	2.8%	0.0%	6.1%	13.2%	27.0%
Financing Activities Repurchase of Common Stock	3.1%	2.6%	2.9%	9.0%	1.7%	0.3%	0.9%	1.2%	0.3%	0.3%
Financing Activities Other Financing Activities	-1.7%	-1.6%	-1.3%	-0.1%	-0.2%	-0.2%	-0.0%	-0.0%	-0.2%	-0.0%
Financing Activities net Cash From Financing Activities	2.6%	-0.9%	0.7%	-8.6%	-2.2%	-1.2%	-1.7%	-3.8%	-5.5%	-2.0%
Cash Reconciliation Effect of Exchange Rate On Cash	6.5%	5.0%	6.1%	6.8%	11.5%	11.3%	6.8%	—	0.2%	-0.2%
Cash Reconciliation net Change In Cash	2.6%	-0.6%	-0.2%	-5.5%	2.3%	5.2%	1.4%	0.3%	-0.1%	2.0%
Cash Reconciliation Cash At Beginning of Period	6.5%	5.0%	6.1%	6.8%	11.5%	11.3%	6.8%	5.8%	6.5%	7.1%
Cash Reconciliation Cash At End of Period	6.5%	5.0%	6.1%	6.8%	11.5%	11.3%	6.8%	5.8%	6.5%	7.1%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+17.3%	+18.1%	+18.5%	+19.7%	+19.9%	+17.8%	+19.7%	+20.8%	+21.2%	+20.3%
Operating margin	+4.4%	+4.0%	+3.5%	+5.0%	+6.1%	+4.2%	+5.4%	+5.2%	+5.9%	+4.9%
Net margin	+2.9%	+2.8%	+3.1%	+4.7%	+6.8%	+3.2%	+5.5%	+5.1%	+3.8%	+3.4%
FCF margin	—	—	—	+4.5%	+8.0%	+6.8%	+4.0%	+4.3%	+3.9%	+2.5%
Growth
Revenue CAGR (3y)	+9.8%	+9.3%	+10.8%	+9.0%	+9.1%	+8.5%	+11.4%	+24.2%	+26.1%	+32.8%
Returns
ROE	+13.0%	+11.5%	+11.9%	+17.9%	+21.5%	+10.6%	+20.6%	+21.5%	+17.3%	+19.0%
ROA	+3.7%	+4.0%	+4.4%	+6.9%	+8.3%	+4.2%	+7.9%	+7.9%	+6.1%	+5.3%
ROIC	+11.6%	+11.4%	+9.2%	+16.1%	+16.4%	+11.5%	+17.0%	+14.2%	+12.3%	+11.3%
Liquidity
Current ratio	1.09x	1.07x	1.17x	1.03x	1.20x	1.24x	1.17x	1.16x	1.18x	1.13x
Quick ratio	0.82x	0.87x	0.93x	0.81x	0.90x	0.88x	0.84x	0.77x	0.86x	0.74x
Leverage
D/E	2.39x	1.81x	1.63x	1.52x	1.49x	1.49x	1.59x	1.71x	1.84x	2.56x
Interest coverage	438.25x	471.00x	1117.00x	1512.00x	1258.26x	—	—	10.14x	7.88x	5.64x
Efficiency
Asset turnover	1.29x	1.44x	1.40x	1.47x	1.22x	1.28x	1.44x	1.54x	1.58x	1.56x
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

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CBRE Group

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