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Screener / SEC EDGAR /CIK 0001138118 /10-K filed Feb 12, 2026, compared with Feb 14, 2025 /Numbers from the XBRL of the 10-Ks
Real estate peers:
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NYSE Real estate · Real Estate

CBRE Group CBRE

CBRE quote by TradingView

CBRE is the world’s largest commercial real estate services and investments firm (based on 2025 revenue). 10-K, Item 1

Employees
155,000
Headquarters
Dallas, TX
CEO
Robert E. Sulentic
Next results
around Feb 11, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $40.5B through the costs to a net profit of $1.2B · income statement of the 10-K

4% operating margin
Revenue to Gross profit: $7.6BRevenue to Cost of revenue: $33.0BGross profit to Operating profit: $1.8BGross profit to Operating expenses: $5.8BOperating profit to Net profit: $1.2BOperating profit to Tax & other: $596.0M Revenue: $40.5B REVENUE $40.5B +13% Y/Y Gross profit: $7.6B · 19% margin GROSS PROFIT $7.6B 19% margin Cost of revenue: $33.0B · 81% of revenue COST OF REVENUE $33.0B 81% of revenue Operating profit: $1.8B · 4% margin OPERATING PROFIT $1.8B 4% margin · +24% Y/Y Operating expenses: $5.8B · 14% of revenue OPERATING EXPENSES $5.8B 14% of revenue Net profit: $1.2B · 3% margin NET PROFIT $1.2B 3% margin · +20% Y/Y Tax & other: $596.0M · 1% of revenue TAX & OTHER $596.0M 1% of revenue
Gross profit $7.6B 19% margin
Operating profit $1.8B 4% margin · +24% Y/Y
Net profit $1.2B 3% margin · +20% Y/Y
The full income statement, year by year

CBRE among Real estate peers

Six ratios from the latest 10-K. Each corner is the share of 28 peers the company is above, not a score.

Compare
Revenue growth: 13.4%, above 89% of 28 peers (their median 5.1%) REVENUE GROWTH 13.4% · above 89% Gross margin: 17.1%, above 12% of 8 peers (their median 64.6%) GROSS MARGIN 17.1% · above 12% Operating margin: 4.6%, above 0% of 17 peers (their median 43.8%) OPERATING MARGIN 4.6% · above 0% Net margin: 3.1%, above 4% of 28 peers (their median 21.8%) NET MARGIN 3.1% · above 4% FCF margin: 2.1%, above 27% of 11 peers (their median 36.0%) FCF MARGIN 2.1% · above 27% Return on capital: 8.5%, above 70% of 10 peers (their median 5.4%) RETURN ON CAPITAL 8.5% · above 70%
CBRE Peer median Below the median

What changed

3 new risk paragraphs. 10-K filed Feb 12, 2026 against Feb 14, 2025.

Risk factors
3 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Accounting checks
10 other checks clear
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
5 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 10 checks found nothing to note

  • Receivables +18.3% vs revenue +13.4% (+4.9 pts)
  • Cash from operations $1.6B vs net income $1.2B (FY ending Dec 31, 2025)
  • Same auditor in both 10-Ks: KPMG LLP
7 more checks with nothing to note
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Assessment of gross unrecognized tax benefits
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

3 paragraphs in Risk Factors that were not in the 10-K filed Feb 14, 2025. Quoted as filed.

All 3 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
    We have invested in enhancing our service and product offerings globally. If we do not successfully execute these initiatives or effectively manage the risks inherent in operating on a global scale, our business, financial condition, or results of operations could be materially adversely affected. Additionally, political, regulatory,…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
    The protection of our brand, including related trademarks, may require the expenditure of significant financial and operational resources.

New risk paragraphs, against peers

Latest 10-K of each, Real estate companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$30.8B$31.9B$35.8B$40.5B
Net income$1.4B$986.0M$968.0M$1.2B
Operating cash flow$1.6B$480.0M$1.7B$1.6B
Free cash flow$1.4B$175.0M$1.4B$1.2B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$40.5B ▲ 13.4% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

5 filings in the last 30 days · SEC EDGAR

All filings

About the company

CBRE Group, Dallas, TX · from the 10-K filed Feb 12, 2026

CBRE is the world’s largest commercial real estate services and investments firm (based on 2025 revenue). We derive competitive advantage from our considerable scale and ability to offer integrated solutions for real estate investors and occupiers in more than 100 countries. We are global market leaders in most of our business lines and drive significant growth by helping clients optimize real estate costs, value, investment returns and workplace experiences.

Headquarters
Dallas, TX
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 22, 2026
Incorporated in
DE

Employees, at the top of the page: "At December 31, 2025, we had more than 155,000 employees (including Turner & Townsend employees) worldwide" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Feb 12, 2026 (open at SEC), compared with the 10-K filed Feb 14, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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