CBRE Q1 2024 Earnings — CBRE Group, Inc. Revenue & Financial Results | Market Cap Arena

CBRECBRE Group, Inc.

$40B

Q1 2024 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$7.9B+7.1% YoY

Gross Profit

$1.5B18.4% margin

Operating Income

$204M2.6% margin

Net Income

$126M1.6% margin

EPS (Diluted)

$0.41

QoQ Revenue Growth

-11.3%

Cash Flow

Operating Cash Flow

-$470M

Free Cash Flow

-$538M

Stock-Based Comp.

$30M

Balance Sheet

Total Assets

$23.0B

Total Liabilities

$13.9B

Stockholders' Equity

$8.3B

Cash & Equivalents

$1.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$7.9B	$7.4B	+7.1%
Gross Profit	$1.5B	$1.4B	+3.9%
Operating Income	$204M	$37M	+451.4%
Net Income	$126M	$117M	+7.7%

Revenue Segments

Global Workplace Solutions Segment

$5.8B73%

Advisory Services Segment

$1.9B24%

Real Estate Investments Segment

$228M3%

Geographic Segments

UNITED STATES

$4.4B56%

All Other Countries

$2.4B31%

UNITED KINGDOM

$1.1B14%