Cbre Group Financials
This page shows Cbre Group (CBRE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Cbre Group has an operating margin of 4.3%, meaning the company retains $4 of operating profit per $100 of revenue. This below-average margin results in a low score of 22/100, suggesting thin profitability after operating expenses. This is up from 4.0% the prior year.
Cbre Group's revenue declined 100% year-over-year, from $35.8B to $41K. This contraction results in a growth score of 0/100.
Cbre Group carries a low D/E ratio of 0.57, meaning only $0.57 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.
Cbre Group's current ratio of 1.09 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 24/100, which could limit financial flexibility.
Cbre Group's free cash flow margin of 2.9% results in a low score of 15/100. Capital expenditures of $366 absorb a large share of operating cash flow.
Cbre Group's ROE of 13.0% shows moderate profitability relative to equity, earning a score of 52/100. This is up from 11.5% the prior year.
Cbre Group scores 1185941.87, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($42.0B) relative to total liabilities ($21K). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Cbre Group passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Cbre Group generates $1.35 in operating cash flow ($2K OCF vs $1K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Cbre Group earns $8.1 in operating income for every $1 of interest expense ($2K vs $216). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Cbre Group generated $41K in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Cbre Group's EBITDA was $2K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 100.0% from the prior year.
Cbre Group generated $1K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 100.0% from the prior year.
Cbre Group reported $1K in net income in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Cbre Group earned $3.85 per diluted share (EPS) in fiscal year 2025. This represents an increase of 22.6% from the prior year.
Cbre Group held $2K in cash against $5K in long-term debt as of fiscal year 2025.
Cbre Group had 295M shares outstanding in fiscal year 2025. This represents a decrease of 1.6% from the prior year.
Cbre Group's gross margin was 18.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.8 percentage points from the prior year.
Cbre Group's operating margin was 4.3% in fiscal year 2025, reflecting core business profitability. This is up 0.4 percentage points from the prior year.
Cbre Group's net profit margin was 2.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.1 percentage points from the prior year.
Cbre Group's ROE was 13.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.5 percentage points from the prior year.
Cbre Group spent $968 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.
Cbre Group invested $366 in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.
CBRE Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.6B+13.4% | $10.3B+5.2% | $9.8B+9.5% | $8.9B-14.4% | $10.4B+15.2% | $9.0B+7.7% | $8.4B+5.7% | $7.9B |
| Cost of Revenue | $9.5B+14.1% | $8.3B+4.6% | $7.9B+9.3% | $7.3B-12.4% | $8.3B+14.3% | $7.3B+6.8% | $6.8B+4.9% | $6.5B |
| Gross Profit | $2.2B+10.3% | $2.0B+7.8% | $1.8B+10.2% | $1.6B-22.2% | $2.1B+18.5% | $1.8B+11.6% | $1.6B+9.5% | $1.5B |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $622.0M+29.3% | $481.0M+28.6% | $374.0M+35.5% | $276.0M-53.6% | $595.0M+61.7% | $368.0M+49.6% | $246.0M+20.6% | $204.0M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | -$64.0M-1.6% | -$63.0M-75.0% | -$36.0M |
| Income Tax | $113.0M+24.2% | $91.0M+49.2% | $61.0M+17.3% | $52.0M-53.6% | $112.0M+67.2% | $67.0M+109.4% | $32.0M+210.3% | -$29.0M |
| Net Income | $416.0M+14.6% | $363.0M+68.8% | $215.0M+31.9% | $163.0M-66.5% | $487.0M+116.4% | $225.0M+73.1% | $130.0M+3.2% | $126.0M |
| EPS (Diluted) | $1.38+14.0% | $1.21+68.1% | $0.72+33.3% | $0.54-65.8% | $1.58+116.4% | $0.73+73.8% | $0.42+2.4% | $0.41 |
CBRE Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $30.9B+8.1% | $28.6B+3.2% | $27.7B+5.0% | $26.4B+8.1% | $24.4B-1.9% | $24.8B+5.9% | $23.5B+2.2% | $23.0B |
| Current Assets | $13.5B+7.3% | $12.6B+5.1% | $12.0B+10.4% | $10.8B+8.6% | $10.0B-6.1% | $10.6B+10.0% | $9.7B+2.2% | $9.4B |
| Cash & Equivalents | $1.9B+11.7% | $1.7B+19.6% | $1.4B+0.9% | $1.4B+24.1% | $1.1B+8.7% | $1.0B+10.5% | $928.0M-11.1% | $1.0B |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $8.3B+9.5% | $7.6B+3.3% | $7.3B+8.4% | $6.8B-3.6% | $7.0B+4.5% | $6.7B+6.4% | $6.3B+2.1% | $6.2B |
| Goodwill | $7.1B+10.2% | $6.4B-0.2% | $6.4B+2.4% | $6.3B+11.4% | $5.6B-2.7% | $5.8B+2.0% | $5.7B+2.0% | $5.6B |
| Total Liabilities | $21.3B+10.3% | $19.3B+3.1% | $18.7B+7.7% | $17.4B+14.3% | $15.2B-0.6% | $15.3B+7.1% | $14.3B+2.9% | $13.9B |
| Current Liabilities | $12.3B+10.5% | $11.2B+5.0% | $10.6B-2.3% | $10.9B+17.0% | $9.3B-1.5% | $9.4B+9.3% | $8.6B+4.8% | $8.2B |
| Long-Term Debt | $5.0B+16.9% | $4.3B-0.4% | $4.3B+35.3% | $3.2B-1.2% | $3.2B-1.0% | $3.3B+0.2% | $3.3B-0.3% | $3.3B |
| Total Equity | $8.9B+4.0% | $8.5B+3.4% | $8.3B-0.4% | $8.3B-1.5% | $8.4B-3.2% | $8.7B+4.0% | $8.4B+1.1% | $8.3B |
| Retained Earnings | $9.9B+1.5% | $9.8B+4.0% | $9.4B+0.1% | $9.4B-1.9% | $9.6B-0.2% | $9.6B+2.1% | $9.4B+1.3% | $9.3B |
CBRE Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.2B+47.6% | $827.0M+1350.9% | $57.0M+110.4% | -$546.0M-140.7% | $1.3B+133.9% | $573.0M+99.7% | $287.0M+158.3% | -$492.0M |
| Capital Expenditures | $144.0M+71.4% | $84.0M+13.5% | $74.0M+15.6% | $64.0M-31.2% | $93.0M+17.7% | $79.0M+17.9% | $67.0M-1.5% | $68.0M |
| Free Cash Flow | $1.1B+45.0% | $743.0M+4470.6% | -$17.0M+97.2% | -$610.0M-148.9% | $1.2B+152.4% | $494.0M+124.5% | $220.0M+139.3% | -$560.0M |
| Investing Cash Flow | -$963.0M-388.8% | -$197.0M-3840.0% | -$5.0M+98.9% | -$462.0M-2210.0% | -$20.0M+89.3% | -$187.0M+54.1% | -$407.0M+54.8% | -$900.0M |
| Financing Cash Flow | -$36.0M+89.0% | -$328.0M-241.7% | -$96.0M-107.6% | $1.3B+209.4% | -$1.1B-264.4% | -$315.0M-730.0% | $50.0M-95.8% | $1.2B |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $288.0M | $0-100.0% | $262.0M-37.3% | $418.0M-19.1% | $517.0M+720.6% | $63.0M+34.0% | $47.0M | $0 |
CBRE Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.5%-0.5pp | 19.1%+0.5pp | 18.6%+0.1pp | 18.5%-1.9pp | 20.3%+0.6pp | 19.7%+0.7pp | 19.0%+0.6pp | 18.4% |
| Operating Margin | 5.3%+0.7pp | 4.7%+0.9pp | 3.8%+0.7pp | 3.1%-2.6pp | 5.7%+1.7pp | 4.1%+1.1pp | 2.9%+0.4pp | 2.6% |
| Net Margin | 3.6%+0.0pp | 3.5%+1.3pp | 2.2%+0.4pp | 1.8%-2.9pp | 4.7%+2.2pp | 2.5%+0.9pp | 1.6%-0.0pp | 1.6% |
| Return on Equity | 4.7%+0.4pp | 4.3%+1.6pp | 2.6%+0.6pp | 2.0%-3.8pp | 5.8%+3.2pp | 2.6%+1.0pp | 1.6%+0.0pp | 1.5% |
| Return on Assets | 1.4%+0.1pp | 1.3%+0.5pp | 0.8%+0.2pp | 0.6%-1.4pp | 2.0%+1.1pp | 0.9%+0.4pp | 0.5%0.0pp | 0.5% |
| Current Ratio | 1.09-0.0 | 1.130.0 | 1.13+0.1 | 1.00-0.1 | 1.07-0.1 | 1.130.0 | 1.12-0.0 | 1.15 |
| Debt-to-Equity | 0.57+0.1 | 0.51-0.0 | 0.53+0.1 | 0.390.0 | 0.390.0 | 0.38-0.0 | 0.390.0 | 0.40 |
| FCF Margin | 9.3%+2.0pp | 7.2%+7.4pp | -0.2%+6.7pp | -6.9%-18.8pp | 12.0%+6.5pp | 5.5%+2.8pp | 2.6%+9.7pp | -7.1% |
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Frequently Asked Questions
What is Cbre Group's annual revenue?
Cbre Group (CBRE) reported $41K in total revenue for fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Cbre Group's revenue growing?
Cbre Group (CBRE) revenue declined by 100% year-over-year, from $35.8B to $41K in fiscal year 2025.
Is Cbre Group profitable?
Yes, Cbre Group (CBRE) reported a net income of $1K in fiscal year 2025, with a net profit margin of 2.9%.
What is Cbre Group's earnings per share (EPS)?
Cbre Group (CBRE) reported diluted earnings per share of $3.85 for fiscal year 2025. This represents a 22.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Cbre Group's EBITDA?
Cbre Group (CBRE) had EBITDA of $2K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Cbre Group have?
As of fiscal year 2025, Cbre Group (CBRE) had $2K in cash and equivalents against $5K in long-term debt.
What is Cbre Group's gross margin?
Cbre Group (CBRE) had a gross margin of 18.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Cbre Group's operating margin?
Cbre Group (CBRE) had an operating margin of 4.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Cbre Group's net profit margin?
Cbre Group (CBRE) had a net profit margin of 2.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Cbre Group's return on equity (ROE)?
Cbre Group (CBRE) has a return on equity of 13.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Cbre Group's free cash flow?
Cbre Group (CBRE) generated $1K in free cash flow during fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Cbre Group's operating cash flow?
Cbre Group (CBRE) generated $2K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Cbre Group's total assets?
Cbre Group (CBRE) had $31K in total assets as of fiscal year 2025, including both current and long-term assets.
What are Cbre Group's capital expenditures?
Cbre Group (CBRE) invested $366 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Cbre Group buy back shares?
Yes, Cbre Group (CBRE) spent $968 on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Cbre Group have outstanding?
Cbre Group (CBRE) had 295M shares outstanding as of fiscal year 2025.
What is Cbre Group's current ratio?
Cbre Group (CBRE) had a current ratio of 1.09 as of fiscal year 2025, which is considered adequate.
What is Cbre Group's debt-to-equity ratio?
Cbre Group (CBRE) had a debt-to-equity ratio of 0.57 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cbre Group's return on assets (ROA)?
Cbre Group (CBRE) had a return on assets of 3.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Cbre Group's Altman Z-Score?
Cbre Group (CBRE) has an Altman Z-Score of 1185941.87, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Cbre Group's Piotroski F-Score?
Cbre Group (CBRE) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Cbre Group's earnings high quality?
Cbre Group (CBRE) has an earnings quality ratio of 1.35x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Cbre Group cover its interest payments?
Cbre Group (CBRE) has an interest coverage ratio of 8.1x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Cbre Group?
Cbre Group (CBRE) scores 34 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.