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
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Commercial Real Estate
- Residential Real Estate
| Segment | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Commercial Real Estate | $1.79B | $1.51B | $1.44B |
| Residential Real Estate | $1.46B | $1.22B | $1.01B |
As the company reported it, from the “REVENUE FROM CONTRACTS WITH CUSTOMERS - Disaggregated Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $837.6M | $965.2M | $1.19B | $1.40B | $1.66B | $1.94B | $2.18B | $2.46B | $2.74B | $3.25B |
| Gross profit | $663.8M | $744.8M | $921.9M | $1.11B | $1.35B | $1.59B | $1.77B | $1.96B | $2.18B | $2.56B |
| Net income | $85.1M | $122.7M | $238.3M | $315.0M | $227.1M | $292.6M | $369.5M | $374.7M | $138.7M | $6.5M |
Recent filings and events
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Item 7.01
- Officer or director change Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 7389
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|---|---|---|---|---|
| MA | Mastercard Inc | $550.02B | 37.7x | 16.4% |
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| UBER | Uber Technologies, Inc | $136.24B | 14.1x | 18.3% |
| MELI | MERCADOLIBRE INC | $91.77B | 45.9x | 34.3% |
| DASH | DoorDash, Inc. | $77.93B | 84.2x | 27.9% |
| EBAY | EBAY INC | $54.03B | 28.0x | 7.9% |
| PYPL | PayPal Holdings, Inc. | $50.30B | 10.5x | 4.3% |
| MSCI | MSCI Inc. | $44.76B | 39.2x | 9.7% |