COSTAR GROUP, INC. CSGP
CoStar Group is a leading provider of online real estate marketplaces, information, analytics, and 3D digital twin technology in the property markets. Our mission is to digitize the world's real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
We own and operate leading online marketplaces for real estate in the U.S., Australia, Europe, Canada, and Asia-Pacific based on the numbers of unique visitors and site visits per month. We provide more information, analytics, and marketing services than many of our competitors; offer the most comprehensive commercial real estate database available; and have the largest commercial real estate research department in the industry. We have created and compiled a standardized platform of online marketplace services, information, and analytics where industry professionals, consumers of real estate, and the related business communities can continuously interact and facilitate transactions by efficiently accessing and exchanging accurate and standardized real estate-related information.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.25B | $2.74B | $2.46B | $2.18B | $1.94B | $1.66B | $1.40B | $1.19B | $965.2M | $837.6M |
| Cost of revenue | $686.0M | $558.0M | $491.0M | $414.0M | $357.2M | $309.0M | $289.2M | $269.9M | $220.4M | $173.8M |
| Gross profit | $2.56B | $2.18B | $1.96B | $1.77B | $1.59B | $1.35B | $1.11B | $921.9M | $744.8M | $663.8M |
| SG&A | $549.0M | $439.0M | $382.0M | $338.7M | $256.8M | $299.7M | $178.7M | $156.7M | $146.1M | $123.3M |
| Total operating expenses | $2.63B | $2.17B | $1.68B | $1.32B | $1.15B | $1.06B | $746.9M | $648.3M | $571.0M | $518.9M |
| Operating income | -$72.0M | $5.0M | $282.0M | $451.0M | $432.3M | $289.2M | $363.5M | $273.6M | $173.8M | $144.9M |
| Interest expense | $19.0M | $27.0M | $31.0M | $32.3M | — | — | $2.6M | $2.8M | $9.0M | $10.0M |
| Pre-tax income | $30.0M | $210.0M | $502.0M | $486.5M | $404.0M | $271.0M | $390.9M | $284.0M | $165.1M | $136.7M |
| Income tax | $23.0M | $71.0M | $127.0M | $117.0M | $111.4M | $43.9M | $76.0M | $45.7M | $42.4M | $51.6M |
| Net income | $6.5M | $138.7M | $374.7M | $369.5M | $292.6M | $227.1M | $315.0M | $238.3M | $122.7M | $85.1M |
| EPS, basic | 0.02 | 0.34 | 0.92 | 0.93 | 0.75 | 0.60 | 0.87 | 6.61 | 3.70 | 2.64 |
| EPS, diluted | 0.02 | 0.34 | 0.92 | 0.93 | 0.74 | 0.59 | 0.86 | 6.54 | 3.66 | 2.62 |
| Shares, diluted (wtd. avg.) | $420.7M | $407.8M | $406.9M | $397.8M | $394.2M | $383.3M | $366.3M | $36.4M | $33.6M | $32.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.63B | $4.68B | $5.22B | $4.97B | $3.83B | $3.76B | $1.07B | $1.10B | $1.21B | $567.2M |
| Receivables | $234.0M | $188.0M | $190.0M | $153.9M | $124.8M | $103.9M | $92.2M | $89.2M | $60.9M | $48.5M |
| Inventory | $6.0M | — | — | — | — | — | — | — | — | — |
| Total current assets | $2.12B | $4.95B | $5.48B | $5.19B | $3.99B | $3.89B | $1.20B | $1.21B | $1.29B | $627.5M |
| Property, plant and equipment | $1.32B | $1.01B | $472.2M | $321.3M | $271.4M | $126.3M | $107.5M | $83.3M | $84.5M | $87.6M |
| Goodwill | $4.94B | $2.53B | $2.39B | $2.31B | $2.32B | $2.24B | $1.88B | $1.61B | $1.28B | $1.25B |
| Other intangibles | $1.77B | $433.0M | $313.7M | $329.3M | $435.7M | $426.7M | $421.2M | $288.9M | $182.9M | $196.0M |
| Total assets | $10.54B | $9.26B | $8.92B | $8.40B | $7.26B | $6.92B | $3.85B | $3.31B | $2.87B | $2.19B |
| Accounts payable | $42.0M | $44.0M | $23.1M | $28.6M | $22.2M | $15.7M | $7.6M | $6.3M | $9.3M | $11.5M |
| Short-term debt | — | — | — | — | — | — | — | — | $0 | $31.9M |
| Total current liabilities | $746.0M | $552.0M | $455.8M | $372.7M | $338.7M | $330.9M | $207.1M | $154.2M | $146.7M | $154.9M |
| Long-term debt | $993.0M | $992.0M | $990.5M | $989.2M | $987.9M | $986.7M | $0 | $0 | $0 | $306.5M |
| Total liabilities | $2.17B | $1.70B | $1.58B | $1.53B | $1.55B | $1.54B | $448.4M | $291.0M | $222.2M | $530.9M |
| Retained earnings | $2.35B | $2.34B | $2.20B | $1.83B | $1.46B | $1.17B | $940.5M | $613.5M | $320.7M | $195.8M |
| Total equity | $8.33B | $7.55B | $7.34B | $6.87B | $5.71B | $5.38B | $3.41B | $3.02B | $2.65B | $1.65B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $430.0M | $393.0M | $490.0M | $478.7M | $469.7M | $486.1M | $457.8M | $335.5M | $234.7M | $200.6M |
| Depreciation and amortisation | $263.0M | $147.0M | $108.0M | $137.9M | $139.6M | $116.9M | $81.2M | $77.7M | $63.6M | $70.2M |
| Stock-based compensation | $194.0M | $89.0M | $85.0M | $75.2M | $63.7M | $53.5M | $52.3M | $41.2M | $39.0M | $36.3M |
| Capital expenditure | $307.0M | $579.0M | $118.0M | $35.2M | $123.7M | $0 | $0 | $29.6M | $24.5M | $18.8M |
| Investing cash flow | -$2.82B | -$913.0M | -$239.0M | -$69.1M | -$381.3M | -$464.2M | -$483.8M | -$448.0M | -$72.3M | -$23.3M |
| Financing cash flow | -$559.0M | -$14.0M | -$4.0M | $734.0M | -$15.7M | $2.66B | -$4.2M | $2.7M | $480.4M | -$30.6M |
| Buybacks | $500.0M | $0 | $0 | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-197205.
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