0001138118-26-000005
SEC filingCBRE Group, Inc. reported strong financial results for fiscal year 2025, with revenue of $40.55 billion and net income attributable to CBRE Group, Inc. of $1.16 billion. The company generated operating income of $1.75 billion, representing an operating margin of 4.3%. Key profitability drivers included a gross profit of $7.57 billion (gross margin of 18.7%) and effective cost management with total costs and expenses of $39.26 billion. The company maintained solid cash flow generation with $1.56 billion in net cash provided by operating activities and $793 million in net change in cash, cash equivalents and restricted cash. CBRE's balance sheet remained robust with total assets of $30.88 billion, total liabilities of $21.25 billion, and total equity of $9.19 billion. The company repurchased $968 million of common stock during the year, demonstrating capital return to shareholders. These results position CBRE favorably in the commercial real estate services market, though the document does not provide explicit year-over-year comparisons or forward-looking guidance.
CBRE Group, Inc. delivered solid financial performance for fiscal year 2025, reporting revenue of $40.55 billion and net income attributable to CBRE Group, Inc. of $1.16 billion. The company achieved operating income of $1.75 billion, representing an operating margin of 4.3%. Gross profit totaled $7.57 billion with a gross margin of 18.7%. Earnings per share were $4.00 based on weighted average shares outstanding of 298.2 million (basic) and 300.8 million (diluted). The company's cost structure included cost of revenue of $32.98 billion, operating, administrative and other expenses of $5.54 billion, and depreciation and amortization of $729 million. Total costs and expenses amounted to $39.26 billion. The document does not provide explicit year-over-year comparisons for these metrics.
The filing does not provide segment breakdown, geographic mix, or specific growth drivers for revenue. The authoritative XBRL data shows total revenue of $40.55 billion for fiscal year 2025, but no comparative data from prior periods or segment-level information is disclosed in the provided content. Without additional segment data or comparative figures, a detailed revenue analysis cannot be performed based solely on the information provided.
CBRE maintained healthy profitability metrics with gross margin of 18.7% (gross profit of $7.57 billion on revenue of $40.55 billion) and operating margin of 4.3% (operating income of $1.75 billion on revenue of $40.55 billion). The company's cost structure was dominated by cost of revenue at $32.98 billion, representing 81.3% of total revenue. Operating, administrative and other expenses accounted for $5.54 billion (13.7% of revenue), while depreciation and amortization totaled $729 million (1.8% of revenue). The provision for income taxes was $317 million, resulting in an effective tax rate of 19.9% on income before provision for income taxes of $1.59 billion.
CBRE generated strong operating cash flow of $1.56 billion for fiscal year 2025, driven by net income of $1.28 billion adjusted for non-cash items including depreciation and amortization of $729 million and working capital changes. Free cash flow, calculated as operating cash flow ($1.56 billion) minus capital expenditures ($366 million), was $1.19 billion. The company used $1.63 billion in investing activities, primarily for business acquisitions ($1.37 billion) and real estate development ($390 million), while generating $796 million from financing activities through debt issuance ($2.41 billion) offset by stock repurchases ($968 million). The balance sheet shows total assets of $30.88 billion, including current assets of $13.49 billion (with $1.86 billion in cash and equivalents) and goodwill of $7.05 billion. Total liabilities were $21.25 billion, including long-term debt of $5.05 billion and current liabilities of $12.32 billion. Equity stood at $9.19 billion, with accumulated earnings of $9.92 billion.
The provided document content does not include management guidance, strategic priorities, or specific risk factors that would typically appear in the Management's Discussion and Analysis (MD&A) section of a 10-K filing. The XBRL financial data and document text provided focus exclusively on historical financial results for fiscal year 2025 without forward-looking statements, projections, or qualitative discussions about future performance. Therefore, no outlook information can be extracted from the available source material.