CBRE Group, Inc.

CBRE

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

35,767

Cost of Revenue

28,747

Gross Profit

7,020

Gross Margin

19.6%

Operating Income

1,413

Operating Margin

4.0%

Net Income

968

Net Margin

2.7%

EPS (Basic)

$3.16

EPS (Diluted)

$3.14

EBITDA

2,151

EBITDA Margin

6.0%

2023

12/31/2023

Revenue

31,949

Cost of Revenue

25,650

Gross Profit

6,299

Gross Margin

19.7%

Operating Income

1,117

Operating Margin

3.5%

Net Income

986

Net Margin

3.1%

EPS (Basic)

$3.20

EPS (Diluted)

$3.15

EBITDA

1,828

EBITDA Margin

5.7%

2022

12/31/2022

Revenue

30,828

Cost of Revenue

24,207

Gross Profit

6,621

Gross Margin

21.5%

Operating Income

1,512

Operating Margin

4.9%

Net Income

1,407

Net Margin

4.6%

EPS (Basic)

$4.36

EPS (Diluted)

$4.29

EBITDA

2,030

EBITDA Margin

6.6%

2021

12/31/2021

Revenue

27,746

Cost of Revenue

21,580

Gross Profit

6,166

Gross Margin

22.2%

Operating Income

1,637

Operating Margin

5.9%

Net Income

1,837

Net Margin

6.6%

EPS (Basic)

$5.48

EPS (Diluted)

$5.41

EBITDA

2,092

EBITDA Margin

7.5%

2020

12/31/2020

Revenue

23,826

Cost of Revenue

19,006

Gross Profit

4,821

Gross Margin

20.2%

Operating Income

970

Operating Margin

4.1%

Net Income

752

Net Margin

3.2%

EPS (Basic)

$2.24

EPS (Diluted)

$2.22

EBITDA

1,627

EBITDA Margin

6.8%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	35,767	31,949	30,828	27,746	23,826
Cost of Revenue	28,747	25,650	24,207	21,580	19,006
Gross Profit	7,020	6,299	6,621	6,166	4,821
Gross Margin	19.6%	19.7%	21.5%	22.2%	20.2%
Operating Income	1,413	1,117	1,512	1,637	970
Operating Margin	4.0%	3.5%	4.9%	5.9%	4.1%
Net Income	968	986	1,407	1,837	752
Net Margin	2.7%	3.1%	4.6%	6.6%	3.2%
EPS (Basic)	$3.16	$3.20	$4.36	$5.48	$2.24
EPS (Diluted)	$3.14	$3.15	$4.29	$5.41	$2.22
EBITDA	2,151	1,828	2,030	2,092	1,627
EBITDA Margin	6.0%	5.7%	6.6%	7.5%	6.8%