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HIW vs CBRE
Revenue, margins, valuation, and 5-year total return — side by side.
Real Estate - Services
HIW vs CBRE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Office | Real Estate - Services |
| Market Cap | $2.82B | $43.00B |
| Revenue (TTM) | $820M | $42.17B |
| Net Income (TTM) | $93M | $1.31B |
| Gross Margin | 67.4% | 35.0% |
| Operating Margin | 25.6% | 3.8% |
| Forward P/E | 39.6x | 19.2x |
| Total Debt | $3.64B | $9.99B |
| Cash & Equiv. | $27M | $1.86B |
HIW vs CBRE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Highwoods Propertie… (HIW) | 100 | 66.8 | -33.2% |
| CBRE Group, Inc. (CBRE) | 100 | 333.6 | +233.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: HIW vs CBRE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
HIW is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.76, yield 7.7%
- Lower volatility, beta 0.76, current ratio 42.45x
- Beta 0.76, yield 7.7%, current ratio 42.45x
CBRE carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 13.4%, EPS growth 22.6%, 3Y rev CAGR 9.6%
- 405.3% 10Y total return vs HIW's -6.8%
- 13.4% FFO/revenue growth vs HIW's -2.4%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 13.4% FFO/revenue growth vs HIW's -2.4% | |
| Value | Lower P/E (19.2x vs 39.6x) | |
| Quality / Margins | 11.4% margin vs CBRE's 3.1% | |
| Stability / Safety | Beta 0.76 vs CBRE's 1.12 | |
| Dividends | 7.7% yield; the other pay no meaningful dividend | |
| Momentum (1Y) | +17.4% vs HIW's -5.2% | |
| Efficiency (ROA) | 4.5% ROA vs HIW's 1.5%, ROIC 6.2% vs 2.7% |
HIW vs CBRE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
HIW vs CBRE — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
HIW leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CBRE is the larger business by revenue, generating $42.2B annually — 51.4x HIW's $820M. HIW is the more profitable business, keeping 11.4% of every revenue dollar as net income compared to CBRE's 3.1%. On growth, CBRE holds the edge at +18.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $820M | $42.2B |
| EBITDAEarnings before interest/tax | $511M | $2.3B |
| Net IncomeAfter-tax profit | $93M | $1.3B |
| Free Cash FlowCash after capex | $318M | $897M |
| Gross MarginGross profit ÷ Revenue | +67.4% | +35.0% |
| Operating MarginEBIT ÷ Revenue | +25.6% | +3.8% |
| Net MarginNet income ÷ Revenue | +11.4% | +3.1% |
| FCF MarginFCF ÷ Revenue | +38.7% | +2.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +6.8% | +18.1% |
| EPS Growth (YoY)Latest quarter vs prior year | -67.8% | +98.1% |
Valuation Metrics
HIW leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 17.6x trailing earnings, HIW trades at a 54% valuation discount to CBRE's 38.1x P/E. On an enterprise value basis, HIW's 12.7x EV/EBITDA is more attractive than CBRE's 24.8x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $2.8B | $43.0B |
| Enterprise ValueMkt cap + debt − cash | $6.4B | $51.1B |
| Trailing P/EPrice ÷ TTM EPS | 17.63x | 38.10x |
| Forward P/EPrice ÷ next-FY EPS est. | 39.58x | 19.16x |
| PEG RatioP/E ÷ EPS growth rate | — | 3.27x |
| EV / EBITDAEnterprise value multiple | 12.75x | 24.82x |
| Price / SalesMarket cap ÷ Revenue | 3.50x | 1.06x |
| Price / BookPrice ÷ Book value/share | 1.16x | 4.58x |
| Price / FCFMarket cap ÷ FCF | 16.93x | 36.05x |
Profitability & Efficiency
CBRE leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
CBRE delivers a 14.3% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $4 for HIW. CBRE carries lower financial leverage with a 1.04x debt-to-equity ratio, signaling a more conservative balance sheet compared to HIW's 1.49x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +3.8% | +14.3% |
| ROA (TTM)Return on assets | +1.5% | +4.5% |
| ROICReturn on invested capital | +2.7% | +6.2% |
| ROCEReturn on capital employed | +3.5% | +7.7% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 6 |
| Debt / EquityFinancial leverage | 1.49x | 1.04x |
| Net DebtTotal debt minus cash | $3.6B | $8.1B |
| Cash & Equiv.Liquid assets | $27M | $1.9B |
| Total DebtShort + long-term debt | $3.6B | $10.0B |
| Interest CoverageEBIT ÷ Interest expense | 2.07x | 8.15x |
Total Returns (Dividends Reinvested)
CBRE leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CBRE five years ago would be worth $16,882 today (with dividends reinvested), compared to $7,995 for HIW. Over the past 12 months, CBRE leads with a +17.4% total return vs HIW's -5.2%. The 3-year compound annual growth rate (CAGR) favors CBRE at 26.1% vs HIW's 13.0% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +0.7% | -8.4% |
| 1-Year ReturnPast 12 months | -5.2% | +17.4% |
| 3-Year ReturnCumulative with dividends | +44.3% | +100.6% |
| 5-Year ReturnCumulative with dividends | -20.1% | +68.8% |
| 10-Year ReturnCumulative with dividends | -6.8% | +405.3% |
| CAGR (3Y)Annualised 3-year return | +13.0% | +26.1% |
Risk & Volatility
Evenly matched — HIW and CBRE each lead in 1 of 2 comparable metrics.
Risk & Volatility
HIW is the less volatile stock with a 0.76 beta — it tends to amplify market swings less than CBRE's 1.12 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CBRE currently trades 84.2% from its 52-week high vs HIW's 78.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.76x | 1.12x |
| 52-Week HighHighest price in past year | $32.76 | $174.27 |
| 52-Week LowLowest price in past year | $20.45 | $118.81 |
| % of 52W HighCurrent price vs 52-week peak | +78.0% | +84.2% |
| RSI (14)Momentum oscillator 0–100 | 69.6 | 52.2 |
| Avg Volume (50D)Average daily shares traded | 1.3M | 1.9M |
Analyst Outlook
CBRE leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates HIW as "Hold" and CBRE as "Buy". Consensus price targets imply 22.5% upside for CBRE (target: $180) vs 5.6% for HIW (target: $27). HIW is the only dividend payer here at 7.67% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $27.00 | $179.75 |
| # AnalystsCovering analysts | 22 | 20 |
| Dividend YieldAnnual dividend ÷ price | +7.7% | — |
| Dividend StreakConsecutive years of raises | 0 | 1 |
| Dividend / ShareAnnual DPS | $1.96 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | +2.3% |
CBRE leads in 3 of 6 categories (Profitability & Efficiency, Total Returns). HIW leads in 2 (Income & Cash Flow, Valuation Metrics). 1 tied.
HIW vs CBRE: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is HIW or CBRE a better buy right now?
For growth investors, CBRE Group, Inc.
(CBRE) is the stronger pick with 13. 4% revenue growth year-over-year, versus -2. 4% for Highwoods Properties, Inc. (HIW). Highwoods Properties, Inc. (HIW) offers the better valuation at 17. 6x trailing P/E (39. 6x forward), making it the more compelling value choice. Analysts rate CBRE Group, Inc. (CBRE) a "Buy" — based on 20 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — HIW or CBRE?
On trailing P/E, Highwoods Properties, Inc.
(HIW) is the cheapest at 17. 6x versus CBRE Group, Inc. at 38. 1x. On forward P/E, CBRE Group, Inc. is actually cheaper at 19. 2x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — HIW or CBRE?
Over the past 5 years, CBRE Group, Inc.
(CBRE) delivered a total return of +68. 8%, compared to -20. 1% for Highwoods Properties, Inc. (HIW). Over 10 years, the gap is even starker: CBRE returned +405. 3% versus HIW's -6. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — HIW or CBRE?
By beta (market sensitivity over 5 years), Highwoods Properties, Inc.
(HIW) is the lower-risk stock at 0. 76β versus CBRE Group, Inc. 's 1. 12β — meaning CBRE is approximately 49% more volatile than HIW relative to the S&P 500. On balance sheet safety, CBRE Group, Inc. (CBRE) carries a lower debt/equity ratio of 104% versus 149% for Highwoods Properties, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — HIW or CBRE?
By revenue growth (latest reported year), CBRE Group, Inc.
(CBRE) is pulling ahead at 13. 4% versus -2. 4% for Highwoods Properties, Inc. (HIW). On earnings-per-share growth, the picture is similar: Highwoods Properties, Inc. grew EPS 54. 3% year-over-year, compared to 22. 6% for CBRE Group, Inc.. Over a 3-year CAGR, CBRE leads at 9. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — HIW or CBRE?
Highwoods Properties, Inc.
(HIW) is the more profitable company, earning 19. 8% net margin versus 2. 9% for CBRE Group, Inc. — meaning it keeps 19. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: HIW leads at 26. 0% versus 3. 2% for CBRE. At the gross margin level — before operating expenses — HIW leads at 67. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is HIW or CBRE more undervalued right now?
On forward earnings alone, CBRE Group, Inc.
(CBRE) trades at 19. 2x forward P/E versus 39. 6x for Highwoods Properties, Inc. — 20. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CBRE: 22. 5% to $179. 75.
08Which pays a better dividend — HIW or CBRE?
In this comparison, HIW (7.
7% yield) pays a dividend. CBRE does not pay a meaningful dividend and should not be held primarily for income.
09Is HIW or CBRE better for a retirement portfolio?
For long-horizon retirement investors, Highwoods Properties, Inc.
(HIW) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 76), 7. 7% yield). Both have compounded well over 10 years (HIW: -6. 8%, CBRE: +405. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between HIW and CBRE?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: HIW is a small-cap deep-value stock; CBRE is a mid-cap quality compounder stock. HIW pays a dividend while CBRE does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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