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CSGPCoStar Group, Inc.
$30.55$12.4B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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CSGP logo

CoStar Group, Inc.

CSGP
NASDAQ · Real Estate Services
$30.55
At close - Nov 6, 4:00 PM EST - USD
Market Cap$12.38B
P/E68.6x
52W High$70.57
Volume7.69M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Residential Pivot Strains Cash, Masks Core Strength

CoStar Group's revenue grew 14.2% year-over-year to $952.0M in 2026Q3, but growth has decelerated sharply from 26.9% in 2025Q4 as acquisition base effects fade and the Homes.com residential build-out encounters resistance.

GrowthDecelerating
ProfitabilityStrained
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

CSGP price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

12/12 Beats

EPS beat 12 of last 12 quarters

02

Valuation risk

+134% Peers

P/E is 134% above peer median

03

Market leadership

RS 48 · Lag

Laggard (Underperforming 52% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Jan 27
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue reached $952.0M in 2026Q3 with 14.2% year-over-year growth, but NOI margins have swung between 73.9% and 80.1% across the last ten quarters, suggesting the Homes.com marketing cycle — rather than structural moat erosion — is distorting profitability signals.

Analyst Consensus+16.0% target
Buy(27 analysts)
16 Buy9 Hold2 Sell

The Bull Case

Upside Catalysts

Dominance in Commercial Real Estate

CoStar has a proven track record of reshaping real estate data markets, from its beginnings in commercial real estate listings to its success with Apartments.com. The company's core commercial real estate businesses are highly profitable, boasting EBITDA margins of over 40%, which provides a strong financial foundation to fund new ventures.

Growth of Homes.com

CoStar's aggressive push into residential real estate via Homes.com has shown rapid progress, quickly becoming the second-largest residential real estate marketplace in the U.S. and surpassing Realtor.com in web traffic within a year.

Financial Strength and Capital Allocation

The company maintains high-margin, recurring revenue streams and robust cash flow. A $500 million stock repurchase program has been approved, signaling management's confidence in the company's long-term value and suggesting shares may be undervalued.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CSGP-53.49%
S&P 500 (^GSPC)+7.63%
1-Year Return
CSGP-54.65%
S&P 500 (^GSPC)+9.69%
3-Year Return
CSGP-60.34%
S&P 500 (^GSPC)+63.78%
5-Year Return
CSGP-63.22%
S&P 500 (^GSPC)+51.23%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
68.6x
Forward P/EExpansion
21.9x
EV/EBITDA0th %ile
21.1x
FCF YieldCash Flow
0.5%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
68.6x
106.8x
0th· Low
EV/EBITDA
21.1x
80.7x
0th· Low
Price/FCF
189.3x
76.6x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$32.35+5.9%
Base (Fair)$43.21+41.4%
Bull$54.60+78.7%
$32.35 Bear$43.21 Base$54.60 Bull
Current Market Price: $30.55
Trades at a 29.3% discount to Base DCF ($43.21)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$3.25B+18.7% YoY
Net income FY25
$7M-95.0% YoY
Free cash flow FY25
$41M+116.7% YoY
Operating margin FY25
-2.2%-2.4 pts YoY
ROIC (FY25)-0.9%
Avg ROIC 5Y5.7%
ROE (TTM)2.2%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate12/12 (100%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 27, 2026
$0.38+12.8%
vs $0.34
$952M+0.7%
vs $946M
Q3 2026
Jul 28, 2026
$0.32+12.0%
vs $0.29
$925M-0.4%
vs $929M
Q2 2026
Apr 28, 2026
$0.23+32.0%
vs $0.17
$897M+0.0%
vs $897M
Q1 2026
Feb 24, 2026
$0.31+13.6%
vs $0.27
$900M+0.9%
vs $892M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Business Wire·Oct 27, 2026
CoStar Group Reports Record Third Quarter Revenue of $952 Million; Profitability Surges with Net Income of $74 Million; Highest Ever Adjusted EBITDA of $229 Million, Doubling Year-over-Year; Raises Full-Year 2026 Adjusted EBITDA Guidance

ARLINGTON, Va.--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP),a leading global provider of online real estate marketplaces, information, analytics, and 3D digital twin technology in the property markets, announced today that revenue for the quarter ended September 30, 2026 was $952 million, up 14% over revenue of $834 million for the quarter ended September 30, 2025. Net new bookings were $37 million for the quarter. Net income for the third quarter of 2026 was $74 million, up $105 million.

Business Wire·Oct 27, 2026
CoStar Group to Acquire Vexcel, Adding the World's Largest Survey Grade High-Resolution Aerial Imagery Program to Power Richer Search and Discovery Across CoStar with Tens of Billions of New AI-Derived Data Fields

ARLINGTON, Va.--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading global provider of online real estate marketplaces, information, analytics, and digital twins in the property markets, announced today that it has entered into a definitive agreement to acquire Vexcel Group, Inc. (“Vexcel”), the operator of one of the world's largest survey-grade aerial imagery programs, for approximately $730 million in cash. Built on decades of investment in aerial capture technology and data proces.

Defense World·Oct 26, 2026
18,880 Shares of CoStar Group, Inc. $CSGP Purchased by Quadrant Capital Group LLC

Quadrant Capital Group LLC purchased a new stake in CoStar Group, Inc. (NASDAQ: CSGP) in the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 18,880 shares of the technology company's stock, valued at approximately $517,000. Several other large investors have

Zacks Investment Research·Oct 23, 2026
CoStar Group to Report Q3 Earnings: What's in Store for the Stock?

CSGP's Q3 earnings are expected to benefit from strong commercial demand, residential growth, and improving margins, but key challenges persist.

Filtered for CoStar Group, Inc.More Headlines
04

Compare before deciding

Benchmark CSGP against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for CoStar Group, Inc. (CSGP)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CSGP logoCSGPCoStar Group, Inc.Current
$30.55$12.38B68.5918.67%4.87%2.23%—
Z logoZZillow Group, Inc. Class C
$29.55$7.1B-58.9215.52%-3.95%-2.54%—
MOVE logoMOVECorvex, Inc.
$5.01$12.56M-0.45-57.26%-623.49%-9.67%—
COMP logoCOMPCompass, Inc.
$10.21$6.21B66.0023.67%1.06%5.47%—
OPEN logoOPENOpendoor Technologies Inc.
$1.40$1.35B-0.81-15.18%-49.06%-190.36%—
MKTW logoMKTWMarketWise, Inc.
$21.47$56.65M3.99-19.72%4.99%—9.13%

Compare CSGP vs Peers

CoStar Group, Inc. (CSGP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs Z

Most directly comparable listed peer for CSGP.

Scale Benchmark

vs ICE

Larger-name benchmark to compare CSGP against a more recognizable public peer.

Peer Set

Compare Top 5

vs Z, MOVE, COMP, OPEN

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CSGP SEC Filings & Documents

CoStar Group, Inc. (CSGP) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Oct 27, 2026·SEC

Material company update

Aug 21, 2026·SEC

Material company update

Jul 28, 2026·SEC

10-K Annual Reports

2
FY 2025

Feb 20, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Oct 28, 2026·SEC

FY 2026

Jul 29, 2026·SEC

FY 2026

Apr 29, 2026·SEC

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CSGP Frequently Asked Questions

CoStar Group, Inc. (CSGP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is CoStar Group, Inc.'s revenue?

CoStar Group, Inc. (CSGP) reported $3.67B in revenue over the trailing twelve months. Revenue was $3.25B in fiscal year 2025. That is 41001% more than the $7.9M of fiscal year 1997.

How fast is CoStar Group, Inc. growing?

CoStar Group, Inc. (CSGP) grew revenue by 20.2% over the trailing twelve months, compared with the twelve months before.

Is CSGP profitable?

Yes. CoStar Group, Inc. (CSGP) earned $179.0M in net income over the trailing twelve months (a 4.9% net margin).

Dividend & Returns
What is CSGP's return on equity?

CoStar Group, Inc. (CSGP) had a return on equity (ROE) of 2.2% over the trailing twelve months. That is below the market's typical 10-15%.

Industry Metrics
What is CoStar Group, Inc.'s FFO?

CoStar Group, Inc. (CSGP) generated Funds From Operations (FFO) of $525.0M in the trailing twelve months. FFO is the primary profitability metric for REITs.

What if you invested $1,000 in CSGP back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

See returns →