MARKETS / NYSE / Real estate / Real estate / CBRE

NYSE · REAL ESTATE · LARGE CAP

Cbre Group, Inc. CBRE

18 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$40.5B

▲ 13.4% YoY

Net income

$1.2B

▲ 19.5% YoY

Free cash flow

$1.2B

▼ 14.8% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

CBRE operates a commercial real estate services and investments business. It offers integrated solutions for real estate investors and occupiers in more than 100 countries. At December 31, 2025, the company had more than 155,000 employees worldwide, including Turner & Townsend employees. It serves clients and reports its financial results through four business segments: Advisory Services, Building Operations & Experience, Project Management and Real Estate Investments. Advisory Services provides leasing, capital markets services covering property sales and mortgage origination, loan servicing and valuation. The Building Operations & Experience segment consists of enterprise facilities management, local facilities management, property management, digital infrastructure services and flexible workplace solutions and workplace experience business lines. Project Management delivers program management, project management and cost consultancy services through Turner & Townsend, a majority owned subsidiary acquired in 2021. Real Estate Investments is made up of two business lines, investment management and real estate development.

Written from the business description in CBRE GROUP, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 12 February 2026. Every sentence was checked against that document before publication.

Growth

USD 40.5B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 40.5 · Net income 1.2

15B30B

2008201120142017202020232025

Compound annual growth

Revenue

+9.6%

+11.2%

+14.1%

+14.8%

Net income

−6.3%

+9.0%

+7.8%

+12.4%

EPS, diluted

−3.5%

+11.6%

+9.0%

+12.8%

Returned to shareholders

−19.4%

+80.9%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +11.2% a year over the five years to FY2025 — but profit grew slower: net income at +9.0%, earnings per share at +11.6%.

The share count fell from 0.34B to 0.30B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

ROE

FY2025 · ROE 13.4%

10%20%

200820162025

Three returns, three denominators.

Return on equity13.4%

Return on assets4.6%

Return on capital employed10.4%

Gross margin·

Operating margin·

Net margin·

EBITDA·

Each USD of equity produced 13 cents of profit this year.

Cash & shareholders

USD 968.0M

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 1.2

1B2B

200820162025

Net buybacks $B Dividends $B

FY2025 · Dividends · · Net buybacks 1.0

1B2B

201320182019202020212022202320242025

Dividends paid·

Net buybacksUSD 968.0M

Share of profit83.7%

Consecutive raises·

USD 968.0M in buybacks — 84% of the year's profit went back to shareholders.

Total assetsUSD 30.9B

EquityUSD 8.9B

CashUSD 1.9B

Gross debtUSD 5.1B

Net debtUSD 3.3B

Current ratio1.09×

Net debt stands at 37% of equity.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative—not applicable◌not available in our data

CBRE, 18-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	40.5	35.8	31.9	30.8	27.7	23.8	23.9	21.3	18.6	17.4	10.9	9.0	7.2	6.5	5.9	5.1	4.2	5.1
Operating income $B	1.8	1.4	1.1	1.5	1.6	1.0	1.3	1.1	1.1	0.8	0.8	0.8	0.6	0.6	0.5	0.4	0.2	−0.8
EBITDA $B	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
Income tax $B	0.3	0.2	0.2	0.2	0.6	0.2	0.1	0.3	0.5	0.3	0.3	0.3	0.2	0.2	0.2	0.1	0.0	0.1
Net income $B	1.2	1.0	1.0	1.4	1.8	0.8	1.3	1.1	0.7	0.6	0.5	0.5	0.3	0.3	0.2	0.2	0.0	−1.0
Free cash flow $B	1.2	1.4	0.2	1.4	2.2	1.6	0.9	0.9	0.7	0.4	0.5	0.5	0.6	0.1	0.2	0.5	0.2	−0.2
EPS, diluted $	3.85	3.14	3.15	4.29	5.41	2.22	3.77	3.10	2.05	1.69	1.63	1.45	0.95	0.97	0.74	0.63	0.12	−4.81
Dividend / sh $	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
Payout % — not applicable: no dividend	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
ROE %	13.4	11.6	12.2	17.2	23.5	11.3	23.0	23.5	19.6	20.0	22.0	23.3	18.4	23.5	23.2	26.1	5.3	◌
Shares out B	0.30	0.30	0.30	0.31	0.33	0.34	0.33	0.34	0.34	0.34	0.33	0.33	0.33	0.33	0.33	0.32	0.32	◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

Cbre Group, Inc.vsCushman & Wakefield Ltd.Same industry: Real Estate Cbre Group, Inc.vsColliers International Group Inc.Same industry: Real Estate Cbre Group, Inc.vsHudson Pacific Properties, Inc.Same industry: Real Estate Cbre Group, Inc.vsTerreno Realty Corp.Same industry: Real Estate Cbre Group, Inc.vsUrban Edge PropertiesSame industry: Real Estate Cbre Group, Inc.vsVesta Real Estate Corporation, S.a.b. de C.v.Same industry: Real Estate Cbre Group, Inc.vsInnovative Industrial Properties Inc.Same industry: Real Estate

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Provenance

Company facts, as filed

How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008. One check was skipped: revenue is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityReal Estate

Listed onNYSE

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2008