FirmAtlas
Company handbook · CBRE · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
CBRE · CIK 1138118 · LATEST FILING: 10-Q JUN '26 · FILED JUL 29, 2026
CBRE GROUP, INC.
$133.08
−2.41 (−1.78%)
Close, Oct 16, 2026 · 52-week $122–174
Last fiscal year
CBRE GROUP, INC. reported revenue of $39.9B for the year ended Dec 31, 2025 (FY25), up 13.4% from FY24. Net income was $1.2B, operating cash flow $1.6B and free cash flow $1.2B. Source: 10-K filed Feb 12, 2026.
Market cap
$39.4B
P/E
30.2
EV/EBITDA
18.1x
P/B
4.7
ROIC
10.9%
Revenue 1Y
13.4%/yr
EPS 1Y
22.6%/yr
Shares 1Y
−2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEORobert E. Sulentic
HQDallas, TX
AuditorKPMG LLP
Employees155,000
Year endsDecember
Revenue by segment · FY25
Building Operations Experience58%
Advisory Services21%
Project Management19%
Real Estate Investments2%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
17.5%
5.6%
22.5%
−14.4%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$2.3B deployed
Capex
$673M
29.7%
Buybacks
$1.6B
70.3%
Operating cash flow over the period: $3.3B. Total debt changed by +$3.4B.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
35,181
39,900+13.4%
43,064
YoY
+13.4%
Gross profit
6,370
6,916+8.6%
7,472
Gross margin
18.1%
17.3%−0.8 pp
—
Operating income
1,413
1,753+24.1%
1,979
Operating margin
4.0%
4.4%+0.4 pp
—
EBITDA
2,087
2,482+18.9%
—
EBITDA margin
5.9%
6.2%+0.3 pp
—
Interest expense
396
448+13.1%
—
Interest coverage
5.27x
5.54x+0.27x
—
Net income
968
1,157+19.5%
1,301
YoY
+19.5%
Net margin
2.8%
2.9%+0.1 pp
—
EPS (diluted, $)
3.14
3.85+22.6%
4.38
YoY
+22.6%
Balance sheet
Total assets
24,383
30,877+26.6%
30,471
Cash & short-term investments
1,221
2,014+64.9%
—
Accounts receivable
7,005
8,284+18.3%
—
Net PP&E
914
1,049+14.8%
—
Other assets
15,243
19,530+28.1%
—
Total liabilities
15,972
21,999+37.7%
22,073
Total debt
4,151
7,515+81.0%
8,024
Other liabilities
11,821
14,484+22.5%
—
Shareholders’ equity
8,411
8,878+5.6%
8,398
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,708
1,559−8.7%
1,361
Net income
1,036
1,277+23.3%
—
Depreciation & amortization
674
729+8.2%
—
Stock-based compensation
146
120−17.8%
—
Working capital & other
(148)
(567)n/m
—
Cash from investing
(1,514)
(1,627)n/m
—
Capex
(307)
(366)n/m
—
Other investing
(1,207)
(1,261)n/m
—
Cash from financing
(221)
796n/m
—
Buybacks
(627)
(968)n/m
—
Other financing
406
1,764+334.5%
—
Net change in cash
(150)
793n/m
—
Free cash flow (OCF − capex)
1,401
1,193−14.8%
938
Where the cash went
Operating cash flow
1,708
1,559−8.7%
1,361
Reinvested in the business
307
366+19.2%
—
% of operating cash flow
18.0%
23.5%
Capex
307
366+19.2%
423
Free cash flow
1,401
1,193−14.8%
938
YoY
−14.8%
Returned to shareholders
627
968+54.4%
—
% of free cash flow
44.8%
81.1%
Buybacks
627
968+54.4%
—
Change in total debt
—
3,364
—
Cash left over
—
3,589
—
FCF conversion (FCF ÷ net income)
144.7%
103.1%−41.6 pp
—
Owner earnings
—
241
—
Owner earnings margin
—
0.6%
—
Returns & ratios
ROIC (all capital)
10.6%
10.9%+0.3 pp
—
ROIC (operating)
15.2%
16.3%+1.1 pp
—
Net debt / EBITDA
1.40x
2.22x+0.81x
—
Debt / equity
0.49x
0.85x+0.35x
—
ROE
11.5%
13.0%+1.5 pp
—
ROA
4.0%
3.7%−0.2 pp
—
ROCE
9.4%
9.4%+0.1 pp
—
NOPAT
1,202
1,404+16.9%
—
Invested capital (operating)
7,919
9,333+17.9%
—
Invested capital (all)
11,341
14,379+26.8%
—
Reinvestment rate
—
100.7%
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
10,096
11,430
10,424
11,114
vs year-ago quarter
Gross profit
1,792
1,957
1,749
1,974
Gross margin
17.7%
17.1%
16.8%
17.8%
Operating income
481
622
511
365
Net income
363
416
318
204
vs year-ago quarter
Net margin
3.6%
3.6%
3.1%
1.8%
EPS (diluted, $)
1.21
1.41
1.07
0.69
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
28,566
30,877
30,170
30,471
Cash & equivalents
1,809
2,014
1,795
1,639
Total debt
7,035
7,515
7,883
8,024
Shareholders’ equity
8,535
8,878
8,520
8,398
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
827
1,221
(825)
138
Capex
84
144
81
114
Free cash flow
743
1,077
(906)
24
vs year-ago quarter