CBRE Q4 2023 Earnings — CBRE Group, Inc. Revenue & Financial Results | Market Cap Arena

CBRECBRE Group, Inc.

$40B

Q4 2023 Earnings

Real Estate Real Estate - Services

Income Statement

Revenue

$8.9B+9.2% YoY

Gross Profit

$1.9B21.0% margin

Operating Income

$504M5.6% margin

Net Income

$477M5.3% margin

EPS (Diluted)

$1.55

QoQ Revenue Growth

+13.8%

Cash Flow

Operating Cash Flow

$880M

Free Cash Flow

$786M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$22.5B

Total Liabilities

$13.5B

Stockholders' Equity

$8.3B

Cash & Equivalents

$1.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8.9B	$8.2B	+9.2%
Gross Profit	$1.9B	$1.7B	+8.9%
Operating Income	$504M	$244M	+106.8%
Net Income	$477M	$81M	+488.3%

Revenue Segments

Global Workplace Solutions Segment

$6.1B68%

Advisory Services Segment

$2.6B29%

Real Estate Investments Segment

$262M3%

Geographic Segments

UNITED STATES

$4.8B54%

All Other Countries

$2.9B32%

UNITED KINGDOM

$1.2B14%