CBRE Group, Inc.CBRE
NYSE•Real Estate•Real Estate Services
CBRE Group, Inc. operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The company operates through Advisory Services, Building Operations and Experience, Project Management, and Real Estate Investments segments. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, lease administration, accounting, investment reporting services, financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting. The Global Workplace Solutions segment provides facilities management, and project management services comprising building consulting, program, and project and cost management services under the Turner & Townsend brand name. The Real Estate Investments segment offers investment management services under the CBRE Investment Management brand to pension funds, insurance companies, sovereign wealth funds, foundations, endowments, and other institutional investors and development services, such as real estate development and investment activities under the Trammell Crow Company brand to users and investors in commercial real estate, and for their own account. CBRE Group, Inc. was founded in 1906 and is headquartered in Dallas, Texas.
CBRE Group Inc (CBRE) reported trailing twelve months revenue of $42.17B as of March 2026, a 14.8% increase year-over-year. Quarterly revenue reached $10.53B, reflecting continued top-line momentum.
CBRE Group Inc generated $1.31B in TTM net income, with quarterly EBITDA of $693.00M. The operating margin expanded from 3.1% to 4.9%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (4.9%) and net margin (3.0%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 1.8% a year ago, signaling stronger bottom-line efficiency.
CBRE trades at a P/E of 29.9x (in line with broad market averages) and a P/S of 0.9x. The price-to-book ratio of 4.6x reflects a moderate premium to book value.
The company reported negative free cash flow of $-906.00M, indicating cash consumption over the period. The balance sheet shows $30.17B in total assets with $5.02B in long-term debt against $8.52B in stockholders equity for a debt-to-equity ratio of 0.6. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~4.3% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is positive at ~12.7% on average, adequate but below the threshold typically associated with wide moats.
5 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (7 of 7 quarters up), with ~27.2% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~4.7% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.
Debt-to-equity has risen 52.2% recently — increasing financial risk even if the current ratio is manageable.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.
Shares decreased 4.0% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation