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CBRE

CBRE Group, Inc.

CBRE

CBRE Group, Inc. • NYSE
$161.83 ▼ -0.23% (-0.38)
Market Cap $48.16 B
52w High $171.00
52w Low $108.45
Dividend Yield 0%
P/E 39.96
Volume 605.18K
Outstanding Shares 297.59M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $10.258B ▲ $1.509B ▼ $363M ▲ 3.539% ▲ $1.22 ▲ $670M ▲
Q2-2025 $9.753B ▲ $8.781B ▲ $215M ▲ 2.204% ▲ $0.72 ▲ $537M ▲
Q1-2025 $8.91B ▼ $1.369B ▼ $163M ▼ 1.829% ▼ $0.54 ▼ $501M ▼
Q4-2024 $10.404B ▲ $1.555B ▲ $487M ▲ 4.681% ▲ $1.59 ▲ $705M ▲
Q3-2024 $9.036B $1.416B $225M 2.49% $0.73 $569M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.669B ▲ $28.566B ▲ $19.273B ▲ $8.535B ▲
Q2-2025 $1.395B ▲ $27.693B ▲ $18.7B ▲ $8.253B ▼
Q1-2025 $1.382B ▲ $26.366B ▲ $17.362B ▲ $8.282B ▼
Q4-2024 $1.114B ▲ $24.383B ▼ $15.191B ▼ $8.411B ▼
Q3-2024 $1.025B $24.845B $15.289B $8.692B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $449M ▲ $827M ▲ $-197M ▼ $1.344B ▲ $277M ▲ $743M ▲
Q2-2025 $215M ▲ $57M ▲ $-5M ▲ $-96M ▼ $19M ▼ $-17M ▲
Q1-2025 $163M ▼ $-546M ▼ $-462M ▼ $1.256B ▲ $292M ▲ $-610M ▼
Q4-2024 $487M ▲ $1.383B ▲ $-85M ▲ $-1.126B ▼ $64M ▼ $1.29B ▲
Q3-2024 $225M $592M $-201M $-320M $124M $513M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Advisory Services Segment
Advisory Services Segment
 $3.09Bn ▲$1.69Bn ▼$2.00Bn ▲$2.23Bn ▲
Project Management
Project Management
 $0 ▲$1.63Bn ▲$1.79Bn ▲$2.03Bn ▲
Real Estate Investments Segment
Real Estate Investments Segment
 $280.00M ▲$230.00M ▼$210.00M ▼$210.00M ▲
Global Workplace Solutions Segment
Global Workplace Solutions Segment
 $7.04Bn ▲$5.36Bn ▼$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the last several years, showing that CBRE continues to win business and expand its reach despite a choppy real estate environment. However, profits have not kept pace with sales. Margins were strongest a few years ago and have since come under pressure, with net income now well below prior peaks. This points to a business that is still growing but facing higher costs, a tougher transaction environment, or a shift toward lower‑margin services. Earnings remain solidly positive, yet more volatile than revenue, which is typical for a cyclical, deal‑driven industry like commercial real estate services.

Balance Sheet

Balance Sheet The balance sheet shows a company that has grown its asset base and shareholder equity over time, which is a healthy sign. Debt levels are manageable but have crept higher in recent years, while cash on hand has gradually declined from earlier highs. In practical terms, CBRE appears to have a solid capital base but slightly less financial cushion than it had a few years ago. The rising debt and shrinking cash pile are not alarming on their own, but they do reduce flexibility if the real estate cycle weakens or financing conditions tighten further.

Cash Flow

Cash Flow CBRE generally produces solid cash flow from its operations. There was one notably weak year recently, but cash generation has since rebounded, though not fully back to the strongest historical level. Free cash flow has followed a similar pattern: mostly healthy, with a brief dip and then a recovery. Capital spending is relatively modest and stable, which means most of the cash the business generates can support debt servicing, acquisitions, and shareholder returns rather than being tied up in heavy investment. The main watchpoint is the volatility: cash flow can swing meaningfully from year to year, reflecting the cyclical nature of CBRE’s end markets.

Competitive Edge

Competitive Edge CBRE holds a leading position in global commercial real estate services, with scale, brand, and breadth of offerings that few rivals can match. Its presence across many countries and service lines—advisory, facilities management, project management, investment management, and more—gives it diversified revenue streams and deep relationships with large corporate and investor clients. That said, the competitive moat is best described as moderate rather than untouchable. Barriers to entry are not insurmountable, and large peers and specialist firms compete aggressively on deals, talent, and fees. CBRE’s advantages largely come from its global network, integrated service platform, data capabilities, and reputation, all of which are meaningful but still need continuous reinforcement through performance and innovation.

Innovation and R&D

Innovation and R&D CBRE has been leaning heavily into technology and data, which is unusual for a traditional real estate services firm and a key differentiator. It has built large data platforms, uses artificial intelligence and machine learning to analyze markets and portfolios, and is deploying smart building technologies to improve efficiency and sustainability for clients. Proprietary tools like its workplace experience app, portfolio analytics platform, and design and visualization solutions move CBRE beyond basic brokerage into higher‑value, tech‑enabled services. Partnerships and acquisitions in project management, ESG data, and real estate technology further extend this edge. The opportunity is to convert these tools into deeper client relationships and higher‑margin, recurring revenues; the risk is execution—integrating technology, changing client behavior, and staying ahead in a rapid innovation cycle.

Summary

Overall, CBRE looks like a large, diversified real estate services platform that has continued to grow its top line and expand its global footprint, even as the broader commercial property market has gone through significant ups and downs. The main financial tension is between steady revenue growth and more volatile, pressured profitability and cash flow, which is consistent with a cyclical, transaction‑sensitive business. Its balance sheet and cash generation are generally sound, though not as cushioned as they once were, and debt has edged higher. Strategically, CBRE benefits from scale, brand, and a broad service mix, and it is clearly investing to turn technology, data, and sustainability into long‑term competitive advantages. Key variables to watch going forward include the health of global office and investment markets, interest rate and credit conditions, CBRE’s ability to convert its tech investments into stickier, higher‑margin services, and management’s discipline in balancing growth initiatives with margin and leverage control.

NEWS

November 10, 2025 · 7:30 PM UTC

Southern Nevada Expands Economic Momentum with $9.2M+ in Capital Investment and Nearly 325 New Jobs

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November 10, 2025 · 8:30 AM UTC

CBRE Group, Inc. to Present at the J.P. Morgan 2025 Ultimate Services Investor Conference

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November 5, 2025 · 5:39 PM UTC

CBRE Group, Inc. Announces Pricing of $750 Million Senior Notes Due 2033

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November 4, 2025 · 8:15 AM UTC

Pearce Services Acquisition Expands CBRE's Capabilities to Serve Digital and Power Infrastructure

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October 23, 2025 · 6:55 AM UTC

CBRE Group, Inc. Reports Financial Results for Third-Quarter 2025

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