Cash flow CBRE Group, Inc.

Stocks

CBRE

US12504L1098

Real Estate Services

Market Closed - NYSE Other stock markets 21:03:23 17/07/2026 BST			5-day change	1st Jan Change
140.96 ^USD	-1.90%		+1.02%	-12.33%

07-17	Goldman Sachs Adjusts CBRE Group Price Target to $178 From $183, Maintains Buy Rating	MT
07-12	CBRE Group, Inc. Announces Appointment of Robert Koontz to Senior Managing Director, Head of Multifamily Debt Capital Markets	CI

20ad40ea9f6ce2fe5a4a73a0b2b180a2.3z-iKRkJ5hNUmJc-vxpfzq0mqqdwxKsBA_tpevhy5vw.7n7gZS5NoD4nq7pE7lU045UW4uUXgsdNOsgLC8woj7XnedFteG_TdALs0g

Published financial data: CBRE GROUP, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	27.75B	30.83B	31.95B	35.77B	40.55B
Total Revenues	27.75B	30.83B	31.95B	35.77B	40.55B
Cost of Goods Sold, Total	21.58B	24.21B	25.66B	28.75B	32.98B
Gross Profit	6.17B	6.62B	6.29B	7.02B	7.57B
Selling General & Admin Expenses, Total	4.03B	4.57B	4.43B	4.9B	5.54B
Depreciation & Amortization - (IS)	526M	604M	613M	674M	729M
Other Operating Expenses, Total	4.56B	5.17B	5.04B	5.57B	6.27B
Operating Income	1.61B	1.45B	1.25B	1.45B	1.29B
Interest Expense, Total	-50.35M	-69M	-149M	-215M	-216M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-50.35M	-69M	-149M	-215M	-216M
Income (Loss) On Equity Invest.	619M	229M	248M	-19M	40M
Other Non Operating Income (Expenses)	-25.83M	18.62M	21M	39M	19M
EBT, Excl. Unusual Items	2.15B	1.63B	1.37B	1.26B	1.14B
Restructuring Charges	-	-137M	-159M	-179M	-
Merger & Related Restructuring Charges	-44.55M	-	-	-	-
Impairment of Goodwill	-	-26.4M	-	-	-
Gain (Loss) On Sale Of Investments	41.98M	-30.48M	40M	-	-
Gain (Loss) On Sale Of Assets	258M	244M	27M	142M	459M
Asset Writedown	-	-21.91M	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-1.86M	-	-	-2M
EBT, Incl. Unusual Items	2.41B	1.66B	1.28B	1.22B	1.59B
Income Tax Expense	568M	234M	250M	182M	317M
Earnings From Continuing Operations	1.84B	1.42B	1.03B	1.04B	1.28B
Net Income to Company	1.84B	1.42B	1.03B	1.04B	1.28B
Minority Interest	-5.34M	-16.59M	-41M	-68M	-120M
Net Income - (IS)	1.84B	1.41B	986M	968M	1.16B
Net Income to Common Incl Extra Items	1.84B	1.41B	986M	968M	1.16B
Net Income to Common Excl. Extra Items	1.84B	1.41B	986M	968M	1.16B
Per Share Items
Net EPS - Basic	5.48	4.36	3.2	3.16	3.88
Basic EPS - Continuing Operations	5.48	4.36	3.2	3.16	3.88
Basic Weighted Average Shares Outstanding	335M	323M	308M	306M	298M
Net EPS - Diluted	5.41	4.29	3.15	3.14	3.85
Diluted EPS - Continuing Operations	5.41	4.29	3.15	3.14	3.85
Diluted Weighted Average Shares Outstanding	340M	328M	313M	308M	301M
Normalized Basic EPS	4	3.11	2.64	2.34	1.98
Normalized Diluted EPS	3.95	3.06	2.61	2.33	1.96
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	2.17B	2.08B	1.89B	2.15B	2.22B
EBITA	1.89B	1.8B	1.57B	1.81B	1.69B
EBIT	1.61B	1.45B	1.25B	1.45B	1.29B
EBITDAR	2.43B	2.35B	2.19B	2.5B	2.63B
Effective Tax Rate - (Ratio)	23.55	14.13	19.58	14.94	19.89
Current Domestic Taxes	390M	437M	129M	108M	259M
Current Foreign Taxes	238M	208M	242M	268M	327M
Total Current Taxes	628M	645M	371M	376M	586M
Deferred Domestic Taxes	30.21M	-305M	0	-90M	-87M
Deferred Foreign Taxes	-91.16M	-106M	-121M	-104M	-182M
Total Deferred Taxes	-60.95M	-411M	-121M	-194M	-269M
Normalized Net Income	1.34B	1B	815M	716M	591M
Interest on Long-Term Debt	1.3M	2.79M	1M	3M	-
Non-Cash Pension Expense	8.9M	3.4M	19.8M	18M	23M
Supplemental Operating Expense Items
Advertising Expense	68.9M	85.1M	74.4M	82M	89M
Selling and Marketing Expenses	68.9M	85.1M	74.4M	82M	89M
Net Rental Expense, Total	265M	271M	303M	351M	407M
Imputed Operating Lease Interest Expense	25M	37.95M	84.83M	112M	87.44M
Imputed Operating Lease Depreciation	240M	233M	218M	239M	320M
Stock-Based Comp., SG&A Exp. (Total)	185M	160M	96.2M	146M	-
Stock-Based Comp., Other (Total)	-	-	-	-	120M
Total Stock-Based Compensation	185M	160M	96.2M	146M	120M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	2.43B	1.32B	1.26B	1.11B	1.86B
Total Cash And Short Term Investments	2.43B	1.32B	1.26B	1.11B	1.86B
Accounts Receivable, Total	5.49B	5.72B	6.81B	7.4B	8.75B
Other Receivables	44.1M	81.53M	159M	130M	175M
Total Receivables	5.53B	5.8B	6.97B	7.54B	8.92B
Prepaid Expenses	334M	312M	333M	332M	372M
Loans Held For Sale	1.3B	455M	675M	561M	1.63B
Restricted Cash	109M	86.56M	106M	107M	150M
Other Current Assets, Total	372M	557M	315M	321M	552M
Total Current Assets	10.08B	8.53B	9.67B	9.97B	13.49B
Gross Property Plant And Equipment	3.26B	3.35B	3.72B	4.17B	5.58B
Accumulated Depreciation	-1.29B	-1.39B	-1.58B	-1.8B	-2.14B
Net Property Plant And Equipment	1.97B	1.96B	2.15B	2.37B	3.44B
Long-term Investments	1.2B	1.32B	1.52B	1.44B	1B
Goodwill	5B	4.87B	5.13B	5.62B	7.05B
Other Intangibles, Total	2.41B	2.19B	2.08B	2.3B	2.97B
Accounts Receivable Long-Term	136M	137M	75M	89M	103M
Deferred Tax Assets Long-Term	157M	266M	361M	538M	697M
Deferred Charges Long-Term	9.5M	11.1M	8.7M	6M	-
Other Long-Term Assets, Total	1.12B	1.23B	1.56B	2.05B	2.12B
Total Assets	22.07B	20.51B	22.55B	24.38B	30.88B
Liabilities
Accounts Payable, Total	2.88B	2.96B	3.3B	3.9B	4.69B
Accrued Expenses, Total	3.25B	3.15B	3.02B	3.11B	3.51B
Short-term Borrowings	1.31B	669M	682M	906M	2.46B
Current Portion of Long-Term Debt	-	428M	9M	36M	71M
Current Portion of Leases	271M	263M	278M	243M	353M
Current Income Taxes Payable	246M	184M	217M	209M	258M
Unearned Revenue Current, Total	281M	276M	298M	375M	448M
Other Current Liabilities	174M	310M	446M	501M	527M
Total Current Liabilities	8.42B	8.24B	8.24B	9.29B	12.32B
Long-Term Debt	1.54B	1.09B	2.8B	3.24B	5.05B
Long-Term Leases	1.19B	1.14B	1.16B	1.43B	2.29B
Pension & Other Post Retirement Benefits	69.48M	79.51M	85M	70M	75M
Deferred Tax Liability Non Current	405M	282M	255M	247M	238M
Other Non Current Liabilities	1.09B	1.08B	933M	913M	1.28B
Total Liabilities	12.71B	11.91B	13.48B	15.19B	21.25B
Common Stock, Total	3.33M	3.11M	3M	3M	3M
Additional Paid In Capital	799M	-	-	-	-
Retained Earnings	8.37B	8.83B	9.19B	9.57B	9.92B
Comprehensive Income and Other	-641M	-983M	-924M	-1.16B	-1.04B
Total Common Equity	8.53B	7.85B	8.27B	8.41B	8.88B
Minority Interest	831M	752M	800M	781M	748M
Total Equity	9.36B	8.61B	9.07B	9.19B	9.63B
Total Liabilities And Equity	22.07B	20.51B	22.55B	24.38B	30.88B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	325M	302M	306M	300M	295M
ECS Total Common Shares Outstanding	326M	304M	305M	302M	296M
Book Value / Share	26.16	25.87	27.11	27.85	30.02
Tangible Book Value	1.12B	792M	1.06B	492M	-1.14B
Tangible Book Value Per Share	3.45	2.61	3.47	1.63	-3.87
Total Debt	4.31B	3.58B	4.93B	5.86B	10.23B
Net Debt	1.88B	2.27B	3.67B	4.74B	8.36B
Debt Equivalent of Unfunded Proj. Benefit Obligation	86.1M	69.6M	78.9M	62M	76M
Debt Equivalent Oper. Leases	2.12B	2.17B	2.42B	2.81B	3.26B
Minority Interest, Total (Incl. Fin. Div)	831M	752M	800M	781M	748M
Equity Method Investments, Total	1.2B	1.32B	1.37B	1.3B	870M
Account Code - Inventory Valuation	3	-	3	3	3
Machinery, Total	1.36B	1.43B	1.64B	1.84B	2.17B
Full Time Employees	105K	115K	130K	140K	155K
Assets under Capital Lease - Gross	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	97.59M	92.35M	102M	101M	125M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	1.84B	1.41B	986M	968M	1.16B
Depreciation & Amortization - CF	281M	283M	316M	338M	535M
Amortization of Goodwill and Intangible Assets - (CF)	276M	348M	322M	363M	393M
Depreciation & Amortization, Total	558M	631M	638M	701M	928M
Amortization of Deferred Charges, Total - (CF)	8.32M	7.74M	6M	-	-
(Gain) Loss From Sale Of Asset	-330M	-203M	-129M	-304M	-459M
(Gain) Loss on Sale of Investments - (CF)	-41.98M	30.48M	-40M	-	-
Asset Writedown & Restructuring Costs	-	67.54M	9M	-	-
Net (Increase) Decrease in Loans Originated / Sold - Operating	179M	875M	-191M	149M	-1.03B
(Income) Loss On Equity Investments - (CF)	-98.32M	160M	8M	151M	-40M
Stock-Based Compensation (CF)	185M	160M	96M	146M	120M
Provision and Write-off of Bad Debts	24.49M	17.03M	16M	-	-
Other Operating Activities, Total	-112M	-215M	-110M	-147M	-109M
Change In Accounts Receivable	-766M	-503M	-860M	-572M	-882M
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	105M	64.1M	22M	538M	570M
Change In Income Taxes	248M	-133M	-97M	-8M	-40M
Change in Other Net Operating Assets	569M	-737M	126M	86M	1.34B
Cash from Operations	2.36B	1.63B	480M	1.71B	1.56B
Capital Expenditure	-210M	-260M	-305M	-307M	-366M
Cash Acquisitions	-781M	-174M	-203M	-1.07B	-1.37B
Sale (Purchase) of Real Estate properties	-	-	-94M	-154M	119M
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-266M	-399M	-73M	-45M	-161M
Other Investing Activities, Total	-23.59M	-19K	-6M	59M	155M
Cash from Investing	-1.28B	-832M	-681M	-1.51B	-1.63B
Short Term Debt Issued, Total	-	1.83B	4.01B	4.35B	677M
Long-Term Debt Issued, Total	597M	39.26M	1.8B	495M	2.41B
Total Debt Issued	597M	1.87B	5.8B	4.84B	3.09B
Short Term Debt Repaid, Total	-	-1.66B	-4.18B	-4.04B	-132M
Long-Term Debt Repaid, Total	-409M	-27.72M	-480M	-9M	-670M
Total Debt Repaid	-409M	-1.68B	-4.66B	-4.05B	-802M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-407M	-1.89B	-737M	-732M	-968M
Other Financing Activities, Total	-271M	-67.38M	-250M	-282M	-521M
Cash from Financing	-491M	-1.77B	154M	-221M	796M
Foreign Exchange Rate Adjustments	-92.12M	-165M	13M	-123M	65M
Net Change in Cash	501M	-1.13B	-34M	-150M	793M
Supplemental Items
Cash Interest Paid	41.07M	89.22M	191M	396M	448M
Cash Income Tax Paid (Refund)	330M	604M	467M	467M	599M
Levered Free Cash Flow	2.15B	1.89B	325M	1.68B	-84.25M
Unlevered Free Cash Flow	2.17B	1.92B	412M	1.82B	50.75M
Change In Net Working Capital	-631M	-486M	798M	-373M	1.44B
Net Debt Issued / Repaid	188M	190M	1.14B	793M	2.28B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.02	4.26	3.63	3.86	2.93
Return on Total Capital	7.93	7.02	5.96	6.24	4.63
Return On Equity %	21.84	15.85	11.62	11.35	13.57
Return on Common Equity	23.54	17.18	12.23	11.61	13.38
Margin Analysis
Gross Profit Margin %	22.22	21.48	19.69	19.63	18.66
SG&A Margin	14.52	14.81	13.86	13.69	13.67
EBITDA Margin %	7.82	6.76	5.91	6.01	5.48
EBITA Margin %	6.8	5.84	4.92	5.07	4.16
EBIT Margin %	5.81	4.71	3.91	4.05	3.19
Income From Continuing Operations Margin %	6.64	4.62	3.21	2.9	3.15
Net Income Margin %	6.62	4.57	3.09	2.71	2.85
Net Avail. For Common Margin %	6.62	4.57	3.09	2.71	2.85
Normalized Net Income Margin	4.83	3.25	2.55	2	1.46
Levered Free Cash Flow Margin	7.74	6.13	1.02	4.71	-0.21
Unlevered Free Cash Flow Margin	7.82	6.24	1.29	5.09	0.13
Asset Turnover
Asset Turnover	1.38	1.45	1.48	1.52	1.47
Fixed Assets Turnover	14.13	15.68	15.56	15.83	13.94
Receivables Turnover (Average Receivables)	5.44	5.5	5.1	5.03	5.02
Short Term Liquidity
Current Ratio	1.2	1.03	1.17	1.07	1.09
Quick Ratio	0.95	0.86	1	0.93	0.88
Operating Cash Flow to Current Liabilities	0.28	0.2	0.06	0.18	0.13
Days Sales Outstanding (Average Receivables)	67.11	66.35	71.59	72.75	72.69
Average Days Payable Outstanding	47.05	44.07	44.52	45.84	47.54
Long Term Solvency
Total Debt/Equity	46.04	41.64	54.42	63.74	106.24
Total Debt / Total Capital	31.52	29.4	35.24	38.93	51.51
LT Debt/Equity	29.15	25.85	43.73	50.85	76.23
Long-Term Debt / Total Capital	19.96	18.25	28.32	31.05	36.96
Total Liabilities / Total Assets	57.6	58.05	59.79	62.3	68.82
EBIT / Interest Expense	32	21.05	8.39	6.74	5.99
EBITDA / Interest Expense	48.33	34.12	14.7	11.64	12.17
(EBITDA - Capex) / Interest Expense	44.16	30.35	12.66	10.21	10.48
Total Debt / EBITDA	1.77	1.52	2.25	2.34	3.89
Net Debt / EBITDA	0.77	0.96	1.67	1.9	3.18
Total Debt / (EBITDA - Capex)	1.94	1.71	2.62	2.67	4.52
Net Debt / (EBITDA - Capex)	0.84	1.08	1.95	2.16	3.7
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	16.45	11.11	3.64	11.95	13.37
Gross Profit, 1 Yr. Growth %	27.72	7.39	-5	11.45	8.77
EBITDA, 1 Yr. Growth %	27.61	-1.93	-9.42	17.67	3.83
EBITA, 1 Yr. Growth %	33.59	-2.3	-12.74	20.63	3.24
EBIT, 1 Yr. Growth %	35.86	-7.27	-13.98	22.78	1.81
Earnings From Cont. Operations, 1 Yr. Growth %	143.68	-22.69	-27.88	0.88	23.26
Net Income, 1 Yr. Growth %	144.23	-23.37	-29.92	-1.83	19.52
Normalized Net Income, 1 Yr. Growth %	73.26	-23.61	-18.68	-7.67	-2.3
Diluted EPS Before Extra, 1 Yr. Growth %	143.69	-20.7	-26.57	-0.32	22.61
Accounts Receivable, 1 Yr. Growth %	16.47	4.18	19.13	8.69	18.11
Net Property, Plant and Equip., 1 Yr. Growth %	1.03	-0.67	9.54	10.48	45.24
Total Assets, 1 Yr. Growth %	22.36	-7.07	9.92	8.14	26.63
Tangible Book Value, 1 Yr. Growth %	-40.51	-29.5	33.46	-53.45	-332.72
Common Equity, 1 Yr. Growth %	20.48	-7.91	5.27	1.74	5.55
Cash From Operations, 1 Yr. Growth %	29.14	-31.09	-70.53	255.83	-8.72
Capital Expenditures, 1 Yr. Growth %	-21.28	23.96	17.31	0.66	19.22
Levered Free Cash Flow, 1 Yr. Growth %	124.08	-10.89	-82.78	491.18	-104.84
Unlevered Free Cash Flow, 1 Yr. Growth %	136.46	-10.2	-78.57	381.12	-97.29
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	7.76	13.75	7.31	7.71	12.66
Gross Profit, 2 Yr. CAGR %	8.84	17.2	1.01	2.97	9.81
EBITDA, 2 Yr. CAGR %	10.72	13.14	-5.01	2.94	8.72
EBITA, 2 Yr. CAGR %	10.16	14.49	-7.66	1.35	9.3
EBIT, 2 Yr. CAGR %	10.07	12.56	-10.68	1.16	8.96
Earnings From Cont. Operations, 2 Yr. CAGR %	19.43	37.25	-25.33	-14.7	11.51
Net Income, 2 Yr. CAGR %	19.67	36.8	-26.74	-17.06	8.32
Normalized Net Income, 2 Yr. CAGR %	24.2	15.7	-21.24	-13.67	-9.37
Diluted EPS Before Extra, 2 Yr. CAGR %	19.79	39.01	-23.69	-14.45	10.55
Accounts Receivable, 2 Yr. CAGR %	7	10.15	11.41	13.79	13.3
Net Property, Plant and Equip., 2 Yr. CAGR %	1.16	0.18	4.31	10.01	26.67
Total Assets, 2 Yr. CAGR %	16.74	6.64	1.07	9.03	17.02
Tangible Book Value, 2 Yr. CAGR %	1.08	-35.24	-3.01	-21.18	4.08
Common Equity, 2 Yr. CAGR %	16.97	5.33	-1.54	3.49	3.63
Cash From Operations, 2 Yr. CAGR %	39.01	-5.67	-54.94	2.4	80.22
Capital Expenditures, 2 Yr. CAGR %	-15.44	-1.21	20.51	8.66	9.54
Levered Free Cash Flow, 2 Yr. CAGR %	30.92	44.79	-60.53	-4.3	-52.35
Unlevered Free Cash Flow, 2 Yr. CAGR %	29.33	49.53	-55.8	-1.7	-66.94
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	9.14	8.86	10.27	8.83	9.57
Gross Profit, 3 Yr. CAGR %	8.03	8.36	9.28	4.42	4.55
EBITDA, 3 Yr. CAGR %	12.23	5.6	5.07	0.93	3.06
EBITA, 3 Yr. CAGR %	12.07	5	4.58	-0.54	-1.5
EBIT, 3 Yr. CAGR %	14.18	2.99	2.91	-2.53	-2.98
Earnings From Cont. Operations, 3 Yr. CAGR %	20	3.31	10.76	-17.46	-3.57
Net Income, 3 Yr. CAGR %	19.99	3.15	9.45	-19.23	-6.31
Normalized Net Income, 3 Yr. CAGR %	18.05	4.89	2.84	-18.3	-14.98
Diluted EPS Before Extra, 3 Yr. CAGR %	20.4	4.4	12.37	-16.58	-3.54
Accounts Receivable, 3 Yr. CAGR %	11.35	6.05	13.07	10.49	15.21
Net Property, Plant and Equip., 3 Yr. CAGR %	39.83	0.55	3.2	6.33	20.68
Total Assets, 3 Yr. CAGR %	17.94	8.19	7.72	3.37	14.6
Tangible Book Value, 3 Yr. CAGR %	93.61	-10.36	-17.59	-24.06	13.07
Common Equity, 3 Yr. CAGR %	19.97	8.01	5.31	-0.46	4.17
Cash From Operations, 3 Yr. CAGR %	27.85	10.02	-36	-10.27	-1.45
Capital Expenditures, 3 Yr. CAGR %	-2.7	-3.94	4.59	13.49	12.07
Levered Free Cash Flow, 3 Yr. CAGR %	55.39	14.67	-28.81	-6.89	-64.22
Unlevered Free Cash Flow, 3 Yr. CAGR %	53.61	14.03	-21.76	-4.83	-70.02
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.82	10.6	8.41	8.4	11.22
Gross Profit, 5 Yr. CAGR %	9.12	8.9	5.17	6.17	9.43
EBITDA, 5 Yr. CAGR %	9.59	6.9	4.23	3.99	6.43
EBITA, 5 Yr. CAGR %	9.18	6.33	3.22	3.11	4.2
EBIT, 5 Yr. CAGR %	9.89	5.98	2.91	1.75	2.45
Earnings From Cont. Operations, 5 Yr. CAGR %	25.78	15.14	-0.74	-4.31	11.06
Net Income, 5 Yr. CAGR %	26.23	15.09	-1.5	-5.47	9
Normalized Net Income, 5 Yr. CAGR %	15.33	6.72	-0	-3.79	-4.64
Diluted EPS Before Extra, 5 Yr. CAGR %	26.2	15.92	0.32	-3.59	11.64
Accounts Receivable, 5 Yr. CAGR %	16.07	11.05	11.37	9.08	13.16
Net Property, Plant and Equip., 5 Yr. CAGR %	28.61	25.98	24.36	4.23	12.02
Total Assets, 5 Yr. CAGR %	15.41	11.85	10.87	8.52	11.35
Tangible Book Value, 5 Yr. CAGR %	-4	7.99	46.84	-14.86	-9.53
Common Equity, 5 Yr. CAGR %	23.12	13.8	10.85	6.18	4.64
Cash From Operations, 5 Yr. CAGR %	30.82	12.74	-15.76	6.9	-3.16
Capital Expenditures, 5 Yr. CAGR %	1.88	7.88	6.01	0.9	6.54
Levered Free Cash Flow, 5 Yr. CAGR %	11.35	14.88	-10.69	6.1	-37.75
Unlevered Free Cash Flow, 5 Yr. CAGR %	10.22	13.7	-7.19	6.99	-43.23