CoStar Group, Inc. (CSGP) 10-Year Financial Performance & Capital Metrics

CSGP • • REIT / Real Estate

Real EstateReal Estate ServicesReal Estate Technology & Digital PlatformsDigital Real Estate Platforms

AboutCoStar Group, Inc. provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. It offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar COMPS, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information. The company also provides Lease Comps and Analysis, a tool to capture, manage, and maintain lease data; CoStar Lease Analysis; Public Record, a searchable database of commercially-zoned parcels; CoStar Real Estate Manager, a real estate lease administration, portfolio management, and lease accounting compliance software solution; and CoStar Risk Analytics and CoStar Investment. In addition, it offers apartment marketing sites, such as ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, WestsideRentals.com, AFTER55.com, CorporateHousing.com, ForRentUniversity.com, Apartamentos.com, and Off Campus Partners; LoopNet Premium Lister; LoopNet Diamond, Platinum, and Gold Ads; LandsofAmerica.com, LandAndFarm.com, and LandWatch.com for rural land for-sale; BizBuySell.com, BizQuest.com, and FindaFranchise.com for operating businesses and franchises for-sale; Ten-X, an online auction platform for commercial real estate; and HomeSnap, an online and mobile software platform, as well as Homes.com, a homes for sale listings site. CoStar Group, Inc. was founded in 1987 and is headquartered in Washington, the District of Columbia.Show more

Revenue $2.74B +11.5%
FFO $286M -40.8%
FFO/Share 0.70 -40.9%
FFO Payout 0%
FFO per Share 0.70 -40.9%
NOI Margin 79.59% -0.5%
FFO Margin 10.44% -46.9%
ROE 1.86% -64.7%
ROA 1.53% -64.7%
Debt/Assets 11.26% -9.5%
Net Debt/EBITDA -24.00 -127.9%
Book Value/Share 18.52 +2.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High NOI margin of 79.6%

✗Weaknesses

✗Weak 3Y average ROE of 4.3%
✗Profits declining 15.1% over 5 years
✗FFO declining 20.6% TTM
✗Weak momentum: RS Rating 14 (bottom 14%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y16.86%

5Y14.35%

3Y12.07%

TTM14.61%

Profit (Net Income) CAGR

10Y11.95%

5Y-15.13%

3Y-22.03%

TTM-88.42%

EPS CAGR

10Y8.53%

5Y-16.94%

3Y-22.84%

TTM-87.34%

ROCE

10Y Avg5.67%

5Y Avg4.31%

3Y Avg3.17%

Latest0.05%

Peer Comparison

Digital Real Estate Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CSGPCoStar Group, Inc.	26.86B	63.38	186.41	11.45%	0.66%	0.24%		0.14
OMHOhmyhome Limited	38.23M	1.49	-7.45	117.53%	-61.7%	-155.65%		0.12

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	711.76M	837.63M	965.23M	1.19B	1.4B	1.66B	1.94B	2.18B	2.46B	2.74B
Revenue Growth %	0.24%	0.18%	0.15%	0.23%	0.17%	0.19%	0.17%	0.12%	0.12%	0.11%
Property Operating Expenses	188.88M	173.81M	220.4M	269.93M	289.24M	308.97M	357.2M	414M	491.5M	558.5M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	511.42M	518.91M	571.01M	648.34M	746.93M	1.06B	1.15B	1.32B	1.68B	2.17B
G&A Expenses	417.73M	419.78M	464.49M	516.52M	587.34M	835.48M	878.8M	1.02B	1.37B	1.8B
EBITDA+	89.99M	215.07M	237.46M	351.31M	444.71M	406.15M	571.86M	588.9M	389.8M	151.6M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	78.53M	70.17M	63.64M	77.74M	81.17M	116.94M	139.56M	137.9M	107.5M	146.9M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	11.46M	144.91M	173.82M	273.56M	363.55M	289.2M	432.3M	451M	282.3M	4.7M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	9.41M	10.02M	9.01M	2.83M	2.62M	17.39M	31.62M	0	31.4M	27.4M
Interest Coverage	1.22x	14.47x	19.28x	96.67x	139.02x	16.63x	13.67x	-	8.99x	0.17x
Non-Operating Income	-537K	-1.77M	-256K	0	0	0	0	0	0	0
Pretax Income+	2.58M	136.66M	165.06M	284.01M	390.95M	270.98M	403.97M	486.46M	501.3M	210.1M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	6.05M	51.59M	42.36M	45.68M	75.99M	43.85M	111.4M	117M	126.6M	71.4M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-3.46M	85.07M	122.69M	238.33M	314.96M	227.13M	292.6M	369.5M	374.7M	138.7M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-1.08%	25.55%	0.44%	0.94%	0.32%	-0.28%	0.29%	0.26%	0.01%	-0.63%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	-0.35%	1.07%	0.2%	0.7%	0.25%	-0.13%	0.26%	0.17%	-0.05%	-0.41%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	-0.01	0.26	0.37	0.65	0.86	0.59	0.74	0.93	0.92	0.34
EPS Growth %	-1.07%	25.07%	0.42%	0.76%	0.32%	-0.31%	0.25%	0.26%	-0.01%	-0.63%
EPS (Basic)	-0.01	0.26	0.37	0.66	0.87	0.60	0.75	0.93	0.92	0.34
Diluted Shares Outstanding	319.5M	324.36M	335.59M	364.48M	366.3M	383.26M	394.16M	397.75M	406.9M	407.8M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	2.08B	2.19B	2.87B	3.31B	3.85B	6.92B	7.26B	8.4B	8.92B	9.26B
Asset Growth %	-0%	0.05%	0.32%	0.15%	0.16%	0.79%	0.05%	0.16%	0.06%	0.04%
Real Estate & Other Assets+	2.65M	1.95M	19.16M	98.37M	113.51M	109.13M	123.64M	159.17M	17.7M	191.3M
PP&E (Net)	88.31M	87.57M	84.5M	83.3M	222.61M	235.06M	372.11M	401.64M	552M	1.12B
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Current Assets+	472.73M	627.49M	1.29B	1.21B	1.2B	3.89B	3.99B	5.19B	5.48B	4.95B
Cash & Equivalents	421.82M	567.22M	1.21B	1.1B	1.07B	3.69B	3.83B	4.97B	5.22B	4.68B
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	0	0	0	0	0	46.99M	-13.37M	64M	0	5.8M
Intangible Assets	238.32M	195.97M	182.89M	288.91M	421.2M	426.75M	435.66M	329.31M	313.7M	433.2M
Total Liabilities	535.79M	530.85M	222.19M	291.01M	448.39M	1.54B	1.55B	1.53B	1.58B	1.7B
Total Debt+	355.11M	338.34M	0	4M	149.82M	1.12B	1.11B	1.11B	1.11B	1.04B
Net Debt	-66.71M	-228.88M	-1.21B	-1.1B	-920.91M	-2.57B	-2.71B	-3.86B	-4.11B	-3.64B
Long-Term Debt	338.37M	306.47M	0	0	0	986.72M	987.94M	989.21M	990.5M	991.9M
Short-Term Borrowings	1000K	1000K	0	0	0	0	0	0	0	1000K
Capital Lease Obligations	0	0	0	4M	163.39M	156.87M	133.68M	116.37M	119.9M	158.5M
Total Current Liabilities+	135.28M	154.95M	146.67M	154.16M	207.06M	330.85M	338.69M	372.62M	455.8M	552.3M
Accounts Payable	9.67M	11.48M	9.26M	6.33M	7.64M	15.73M	22.24M	28.46M	23.1M	47M
Deferred Revenue	42.14M	39.16M	45.69M	58.13M	67.27M	74.85M	95.47M	103.57M	104.2M	137.1M
Other Liabilities	6.69M	741K	13.35M	17.39M	34.09M	44.18M	20.54M	18.32M	18.2M	133M
Total Equity+	1.54B	1.65B	2.65B	3.02B	3.41B	5.38B	5.71B	6.87B	7.34B	7.55B
Equity Growth %	0.02%	0.07%	0.6%	0.14%	0.13%	0.58%	0.06%	0.2%	0.07%	0.03%
Shareholders Equity	1.54B	1.65B	2.65B	3.02B	3.41B	5.38B	5.71B	6.87B	7.34B	7.55B
Minority Interest	0	0	0	0	0	0	0	0	0	0
Common Stock	325K	326K	361K	364K	366K	394K	3.95M	4.07M	4.1M	4.1M
Additional Paid-in Capital	1.44B	1.47B	2.34B	2.42B	2.47B	4.21B	4.25B	5.07B	5.15B	5.23B
Retained Earnings	110.73M	195.8M	320.66M	613.45M	940.47M	1.17B	1.46B	1.83B	2.2B	2.34B
Preferred Stock	0	0	0	0	0	0	0	0	0	0
Return on Assets (ROA)	-0%	0.04%	0.05%	0.08%	0.09%	0.04%	0.04%	0.05%	0.04%	0.02%
Return on Equity (ROE)	-0%	0.05%	0.06%	0.08%	0.1%	0.05%	0.05%	0.06%	0.05%	0.02%
Debt / Assets	0.17%	0.15%	-	0%	0.04%	0.16%	0.15%	0.13%	0.12%	0.11%
Debt / Equity	0.23x	0.20x	-	0.00x	0.04x	0.21x	0.19x	0.16x	0.15x	0.14x
Net Debt / EBITDA	-0.74x	-1.06x	-5.10x	-3.12x	-2.07x	-6.33x	-4.73x	-6.56x	-10.53x	-24.00x
Book Value per Share	4.83	5.10	7.90	8.29	9.30	14.03	14.49	17.27	18.04	18.52

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	139.77M	200.64M	234.7M	335.46M	457.78M	486.11M	469.73M	478.7M	489.5M	392.6M
Operating CF Growth %	-0.03%	0.44%	0.17%	0.43%	0.36%	0.06%	-0.03%	0.02%	0.02%	-0.2%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	-3.46M	85.07M	122.69M	238.33M	314.96M	227.13M	292.56M	369.5M	374.7M	138.7M
Depreciation & Amortization	78.53M	70.17M	63.64M	77.74M	81.17M	116.94M	139.56M	137.9M	107.5M	146.9M
Stock-Based Compensation	34.54M	36.35M	39.03M	41.21M	52.26M	53.45M	63.71M	75.2M	85M	89M
Other Non-Cash Items	13.77M	10.64M	11.91M	55.8M	88.13M	114M	104.48M	132.9M	159.4M	187.3M
Working Capital Changes	22.19M	-17.22M	328K	-81.3M	-86.95M	-13.89M	-154.74M	-205.6M	-199.9M	-119.2M
Cash from Investing+	-215.5M	-23.26M	-72.27M	-448M	-483.75M	-464.16M	-381.34M	-69.1M	-238.6M	-912.9M
Acquisitions (Net)	-182.34M	-10.44M	-47.77M	-418.37M	-437.56M	-426.07M	-192.97M	-6.3M	-99.6M	-276.7M
Purchase of Investments	0	0	0	0	0	0	0	0	0	0
Sale of Investments	1000K	1000K	0	0	0	1000K	0	900K	1000K	0
Other Investing	0	0	0	0	0	0	-123.15M	30.1M	0	1.7M
Cash from Financing+	-29.03M	-30.56M	480.43M	2.74M	-4.15M	2.66B	-15.68M	733.98M	-3.7M	-13.7M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Common Dividends	0	0	0	0	0	0	0	0	0	0
Debt Issuance (Net)	-1000K	-1000K	-1000K	0	0	1000K	0	-1000K	-700K	-1000K
Share Repurchases	-16.44M	-16.42M	-14.9M	-24.33M	-27.58M	-38.87M	-33.31M	-23.11M	-26.4M	-29.5M
Other Financing	0	0	-3.47M	0	-1.66M	-18.3M	-411K	45K	0	-3.6M
Net Change in Cash+	-105.19M	145.41M	644.24M	-111.05M	-29.68M	2.69B	71.21M	1.14B	247.9M	-534.9M
Exchange Rate Effect	-433K	-1000K	1000K	-1000K	442K	941K	-1000K	-1000K	700K	-900K
Cash at Beginning	527.01M	421.82M	567.22M	1.21B	1.1B	1.07B	3.76B	3.83B	4.97B	5.22B
Cash at End	421.82M	567.22M	1.21B	1.1B	1.07B	3.76B	3.83B	4.97B	5.22B	4.68B
Free Cash Flow+	104.71M	181.88M	210.2M	305.83M	411.58M	437.76M	404.51M	420.05M	464.2M	-245.3M
FCF Growth %	-0.1%	0.74%	0.16%	0.45%	0.35%	0.06%	-0.08%	0.04%	0.11%	-1.53%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	0.23	0.48	0.56	0.87	1.08	0.9	1.1	1.28	1.19	0.7
FFO Payout Ratio	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
NOI Margin	73.46%	79.25%	77.17%	77.35%	79.34%	81.38%	81.63%	81.03%	79.98%	79.59%
Net Debt / EBITDA	-0.74x	-1.06x	-5.10x	-3.12x	-2.07x	-6.33x	-4.73x	-6.56x	-10.53x	-24.00x
Debt / Assets	17.08%	15.48%	-	0.12%	3.89%	16.26%	15.35%	13.16%	12.45%	11.26%
Interest Coverage	1.22x	14.47x	19.28x	96.67x	139.02x	16.63x	13.67x	-	8.99x	0.17x
Book Value / Share	4.83	5.1	7.9	8.29	9.3	14.03	14.49	17.27	18.04	18.52
Revenue Growth	23.58%	17.68%	15.23%	23.48%	17.44%	18.53%	17.19%	12.26%	12.49%	11.45%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
CoStar Suite	-	408.46M	463.19M	-	-	-	722.82M	836.98M	925.2M	1.02B
CoStar Suite Growth	-	-	13.40%	-	-	-	-	15.79%	10.54%	10.30%
LoopNet	-	-	-	-	-	-	207.51M	230.94M	264.8M	281.7M
LoopNet Growth	-	-	-	-	-	-	-	11.29%	14.66%	6.38%
Information services	-	77.18M	72.62M	-	-	-	141.66M	157.38M	170.9M	135.9M
Information services Growth	-	-	-5.91%	-	-	-	-	11.10%	8.59%	-20.48%
Online Marketplaces	-	-	-	405.8M	490.63M	598.55M	118.89M	137.96M	133.8M	130.2M
Online Marketplaces Growth	-	-	-	-	20.91%	22.00%	-80.14%	16.05%	-3.02%	-2.69%
Residential	-	-	-	-	-	-	74.58M	73.75M	46.1M	100.6M
Residential Growth	-	-	-	-	-	-	-	-1.12%	-37.49%	118.22%
Multifamily Online Marketplace	-	224.84M	279.86M	-	-	-	678.68M	745.39M	914.2M	-
Multifamily Online Marketplace Growth	-	-	24.47%	-	-	-	-	9.83%	22.65%	-
Information And Analytics	-	-	-	545.2M	617.8M	664.74M	-	-	-	-
Information And Analytics Growth	-	-	-	-	13.32%	7.60%	-	-	-	-
External Customers	25.19M	-	-	-	-	-	-	-	-	-
External Customers Growth	-	-	-	-	-	-	-	-	-	-
Intersegment Revenue	41K	-	-	-	-	-	-	-	-	-
Intersegment Revenue Growth	-	-	-	-	-	-	-	-	-	-
Intersegment Eliminations	-41K	-	-	-	-	-	-	-	-	-
Intersegment Eliminations Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
North America	686.57M	809.49M	934.46M	1.16B	1.36B	1.6B	1.88B	2.11B	2.37B	-
North America Growth	-	17.90%	15.44%	23.85%	17.52%	17.80%	17.20%	12.16%	12.33%	-
Non-US	-	-	-	34.53M	39.65M	56.92M	66.5M	76.41M	89.3M	-
Non-US Growth	-	-	-	-	14.83%	43.54%	16.84%	14.90%	16.87%	-
Europe	25.23M	28.18M	30.81M	-	-	-	-	-	-	-
Europe Growth	-	11.68%	9.33%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

CoStar Group, Inc. (CSGP) has a price-to-earnings (P/E) ratio of 186.4x. This suggests investors expect higher future growth.

Growth & Financials

CoStar Group, Inc. (CSGP) reported $3.06B in revenue for fiscal year 2024. This represents a 1114% increase from $251.7M in 2011.

CoStar Group, Inc. (CSGP) grew revenue by 11.5% over the past year. This is steady growth.

Yes, CoStar Group, Inc. (CSGP) is profitable, generating $20.3M in net income for fiscal year 2024 (5.1% net margin).

Dividend & Returns

CoStar Group, Inc. (CSGP) has a return on equity (ROE) of 1.9%. This is below average, suggesting room for improvement.

Industry Metrics

CoStar Group, Inc. (CSGP) generated Funds From Operations (FFO) of $247.6M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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