CoStar Group, Inc.

CSGP · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997
Valuation
Market cap	$28,498	$29,349	$35,687	$31,429	$31,212	$36,435	$21,922	$12,286	$10,735	$6,143	$6,511	$5,547	$5,108	$2,372	$1,543	$1,171	$827	$637	$899	$1,005	$797	$839	$676	$292	$375	$357	$421	$91	$53
Enterprise value	$28,046	$25,710	$31,581	$27,567	$28,498	$33,804	$21,001	$11,190	$9,523	$5,914	$6,444	$5,405	$5,005	$2,387	$994	$961	$601	$442	$711	$847	$663	$722	$578	$264	$333	$310	$327	$71	$54
P/E (TTM) at period end	4071.12×	211.14×	95.16×	85.06×	106.67×	160.42×	69.60×	51.55×	87.49×	72.21×	–	123.64×	171.79×	239.24×	105.27×	88.12×	44.23×	25.88×	56.35×	80.99×	123.46×	33.59×	6756.23×	–	–	–	–	–	–
P/S (TTM) at period end	8.78×	10.73×	14.54×	14.40×	16.05×	21.96×	15.66×	10.31×	11.12×	7.33×	9.15×	9.63×	11.58×	6.78×	6.13×	5.18×	3.94×	3.00×	4.66×	6.33×	5.93×	7.49×	7.10×	3.67×	5.18×	6.11×	13.94×	6.54×	6.73×
P/B at period end	3.42×	3.89×	4.86×	4.57×	5.46×	6.78×	6.44×	4.07×	4.05×	3.71×	4.22×	3.67×	5.51×	2.87×	2.34×	3.07×	2.30×	2.10×	3.19×	4.02×	3.55×	3.98×	4.01×	2.80×	3.47×	2.83×	3.52×	3.92×	18.34×
EV / EBITDA (TTM)	146.84×	169.15×	80.98×	46.81×	49.83×	83.23×	47.22×	31.85×	40.10×	27.50×	204.88×	56.38×	75.10×	63.65×	32.91×	29.43×	26.17×	7.81×	20.93×	32.71×	34.79×	36.55×	43.91×	42.34×	–	–	–	–	–
EV / Sales (TTM)	8.64×	9.40×	12.86×	12.63×	14.66×	20.38×	15.00×	9.39×	9.87×	7.06×	9.05×	9.39×	11.35×	6.82×	3.95×	4.25×	2.87×	2.08×	3.69×	5.33×	4.94×	6.44×	6.08×	3.33×	4.60×	5.30×	10.82×	5.12×	6.81×
Returns
Return on equity	0.1%	1.8%	5.1%	5.4%	5.1%	4.2%	9.2%	7.9%	4.6%	5.1%	(0.2%)	3.0%	3.2%	1.2%	2.2%	3.5%	5.2%	8.1%	5.7%	5.0%	2.9%	11.8%	0.1%	(4.6%)	(18.7%)	(39.3%)	(10.3%)	(13.8%)	(113.8%)
Return on invested capital	(0.2%)	0.1%	6.5%	11.4%	10.4%	8.8%	11.8%	11.9%	9.0%	6.3%	–	3.7%	4.1%	1.4%	12.4%	9.4%	14.3%	15.3%	4.9%	3.9%	2.2%	3.9%	0.0%	(7.1%)	(28.0%)	(59.6%)	(60.2%)	(90.0%)	(94.3%)
Dividend yield	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	2.84×	8.97×	12.01×	13.91×	11.78×	11.75×	5.79×	7.87×	8.78×	4.05×	3.49×	5.14×	2.77×	1.96×	9.44×	4.70×	5.66×	7.29×	5.38×	7.40×	6.65×	6.62×	6.68×	3.48×	3.13×	2.92×	9.75×	4.93×	0.57×
Debt / equity	0.12×	0.14×	0.13×	0.14×	0.17×	0.18×	–	–	–	0.20×	0.23×	0.25×	0.17×	0.21×	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.59×
Effective tax rate	76.7%	33.8%	25.3%	24.0%	27.6%	16.2%	19.4%	16.1%	25.7%	37.8%	234.3%	36.7%	37.5%	57.1%	35.1%	28.1%	30.9%	44.9%	38.4%	40.7%	40.2%	(210.0%)	73.8%	–	4.7%	4.0%	–	10.0%	–
Share count
Diluted shares outstanding	421	408	407	398	394	383	366	364	336	324	320	306	282	269	235	207	199	196	194	192	190	188	167	158	156	151	117	72	58

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997
Revenue and gross profit
Revenue	$3,556	$3,247	$2,736	$2,455	$2,182	$1,944	$1,659	$1,400	$1,192	$965	$838	$712	$576	$441	$350	$252	$226	$210	$212	$193	$159	$134	$112	$95	$79	$73	$59	$30	$14	$8
Cost of revenue	($758)	($686)	($558)	($491)	($414)	($357)	($309)	($289)	($270)	($220)	($174)	($189)	($157)	($129)	($115)	($88)	($84)	($74)	($73)	($77)	($56)	($44)	($35)	($31)	($28)	($30)	($20)	($8)	($4)	($3)
Gross profit	$2,798	$2,561	$2,178	$1,964	$1,768	$1,587	$1,350	$1,110	$922	$745	$664	$523	$419	$312	$235	$164	$143	$136	$139	$116	$103	$90	$77	$64	$51	$42	$38	$22	$10	$5
Operating expenses
Research and development	($435)	($406)	($326)	($268)	($221)	($201)	($163)	($126)	($101)	($89)	($76)	($66)	($55)	($47)	($33)	($20)	($17)	($14)	($13)	($12)	($12)	($10)	($8)	($7)	($6)	($5)	($4)	($1)	($1)	($0)
Selling, general and administrative	($526)	($549)	($439)	($382)	($339)	($257)	($300)	($179)	($157)	($146)	($123)	($116)	($104)	($97)	($77)	($58)	($48)	($44)	($82)	($88)	($72)	($66)	($57)	($53)	($48)	($52)	($65)	($31)	($12)	($7)
Total operating expenses	($2,721)	($2,633)	($2,173)	($1,682)	($1,317)	($1,155)	($1,061)	($747)	($648)	($571)	($519)	($511)	($338)	($258)	($208)	($142)	($120)	($104)	($99)	($98)	($89)	($83)	($70)	($64)	($57)	($65)	($87)	($37)	($14)	($9)
Total costs and expenses	($3,478)	($3,319)	($2,731)	($2,173)	($1,731)	($1,512)	($1,370)	($1,036)	($918)	($791)	($693)	($700)	($495)	($387)	($322)	($230)	($203)	($178)	($173)	($175)	($145)	($127)	($105)	($95)	($85)	($95)	($108)	($46)	($17)	($11)
Operating income	$77	($72)	$5	$282	$451	$432	$289	$364	$274	$174	$145	$11	$81	$54	$27	$22	$23	$32	$40	$18	$14	$7	$7	$0	($6)	($23)	($49)	($15)	($4)	($3)
Earnings
EBITDA	$394	$191	$152	$390	$589	$572	$406	$445	$351	$237	$215	$31	$96	$67	$37	$30	$33	$23	$57	$34	$26	$19	$20	$13	$6	($3)	($30)	($10)	($2)	($2)
Interest income	–	$110	$213	$214	$32	–	–	$19	$11	$4	$2	$1	$1	$0	$1	$1	$1	$1	$5	$8	$7	$3	$1	–	–	–	–	–	–	–
Interest expense	($24)	($19)	($27)	($31)	($32)	($32)	($22)	($3)	($3)	($9)	($10)	($9)	($10)	($7)	($5)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$101	$30	$210	$502	$486	$404	$271	$391	$284	$165	$137	$3	$71	$48	$23	$23	$36	$47	$45	$26	$21	$11	$8	$0	($5)	($21)	($52)	–	($3)	($3)
Income tax expense	($28)	($23)	($71)	($127)	($117)	($111)	($44)	($76)	($46)	($42)	($52)	($6)	($26)	($18)	($13)	($8)	($10)	($14)	($20)	($10)	($9)	($4)	$17	($0)	–	$1	$2	$3	$0	–
Net income	$74	$7	$139	$375	$370	$293	$227	$315	$238	$123	$85	($3)	$45	$30	$10	$15	$13	$19	$25	$16	$12	$6	$25	$0	($5)	($20)	($50)	($12)	($3)	($3)
Per share
Diluted EPS (GAAP)	$0.19	$0.02	$0.34	$0.92	$0.93	$0.74	$0.59	$0.86	$0.654	$0.366	$0.262	($0.011)	$0.146	$0.105	$0.037	$0.062	$0.064	$0.094	$0.13	$0.082	$0.065	$0.034	$0.13	$0.001	($0.0304)	($0.13)	($0.33)	($0.10)	($0.0444)	($0.057)
Basic EPS (GAAP)	$0.19	$0.02	$0.34	$0.92	$0.93	$0.75	$0.60	$0.87	$0.661	$0.37	$0.264	($0.011)	$0.148	$0.107	$0.037	$0.063	$0.065	$0.095	$0.13	$0.084	$0.066	$0.035	$0.14	$0.001	($0.0304)	($0.13)	($0.33)	($0.10)	($0.0444)	($0.057)
Basic shares outstanding	414	417	406	405	396	392	381	363	361	332	322	322	302	277	265	231	203	198	194	190	188	185	182	162	158	156	151	117	72	58
Margins
Gross margin	78.7%	78.9%	79.6%	80.0%	81.0%	81.6%	81.4%	79.3%	77.4%	77.2%	79.2%	73.5%	72.7%	70.7%	67.2%	65.0%	63.1%	64.8%	65.4%	60.2%	64.7%	67.0%	68.4%	67.7%	64.7%	58.2%	65.3%	72.5%	74.8%	67.1%
Operating margin	2.2%	(2.2%)	0.2%	11.5%	20.7%	22.2%	17.4%	26.0%	23.0%	18.0%	17.3%	1.6%	14.0%	12.3%	7.8%	8.6%	10.1%	15.2%	18.7%	9.3%	8.9%	5.5%	6.0%	0.0%	(7.0%)	(31.3%)	(84.1%)	(51.0%)	(25.2%)	(41.8%)
Net margin	2.1%	0.2%	5.1%	15.3%	16.9%	15.1%	13.7%	22.5%	20.0%	12.7%	10.2%	(0.5%)	7.8%	6.7%	2.8%	5.8%	5.9%	8.9%	11.6%	8.3%	7.8%	4.8%	22.3%	0.1%	(6.0%)	(27.8%)	(84.9%)	(40.7%)	(23.0%)	(41.8%)

Analyst consensus

Buy27 analysts

Bearish · 2 · Hold · 9 · Bullish · 16

Earnings history

	EPS	Estimate
Q3 2024	$0.22	$0.16	Beat
Q4 2024	$0.26	$0.22	Beat
Q1 2025	$0.14	$0.11	Beat
Q2 2025	$0.17	$0.14	Beat
Q3 2025	$0.23	$0.18	Beat
Q4 2025	$0.31	$0.27	Beat
Q1 2026	$0.23	$0.17	Beat
Q2 2026	$0.32	$0.29	Beat

Peers

Company overview

IPO dateJul 1, 1998

CEOAndrew C. Florance

Employees8,441

SectorReal Estate

IndustryReal Estate - Services

CountryUS

ExchangeNASDAQ Global Select

Websitewww.costargroup.com

CoStar Group, Inc. (CSGP) stands as a premier global provider of comprehensive information, sophisticated analytics, and dynamic online marketplace services. The company caters to professionals within the commercial real estate, hospitality, residential, and related industries, extending its reach across the United States, Canada, Europe, the Asia Pacific region, and Latin America. Its diverse suite of offerings encompasses powerful data platforms like CoStar Property, which meticulously catalogues an extensive inventory of various property types, including office, industrial, retail, multifamily, hospitality, student housing, and undeveloped land. Other key analytical tools comprise CoStar COMPS, a robust repository of comparable commercial real estate sales transactions; CoStar Market Analytics, designed for examining aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical resource providing detailed tenant information. Additionally, CoStar offers solutions for lease management, including Lease Comps and Analysis and CoStar Lease Analysis, alongside Public Record, a searchable database of commercially-zoned land parcels. Its software solutions feature CoStar Real Estate Manager, designed for comprehensive lease administration, portfolio oversight, and lease accounting compliance, as well as specialized CoStar Risk Analytics and CoStar Investment tools. Beyond its data and software platforms, CoStar operates a vast network of online marketplaces. These include prominent apartment marketing sites such as ApartmentFinder.com and ForRent.com; commercial property listing and advertising services through LoopNet (e.g., Premium Lister, Diamond, Platinum, and Gold Ads); and platforms dedicated to rural land sales like LandsofAmerica.com and LandAndFarm.com. It also facilitates the sale of operating businesses and franchises via sites like BizBuySell.com, and serves as an online auction platform for commercial real estate with Ten-X. Furthermore, CoStar supports the residential home-buying market through HomeSnap, an online and mobile software platform, and Homes.com, a comprehensive listings site for properties for sale. CoStar Group, Inc. was established in 1987 and maintains its corporate headquarters in Washington, D.C.

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