Colliers International Group Inc. (CIGI) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$1.81	$1.83	+1.1%	—	—	—
Q3 26	$0.93	$0.91	-2.2%	—	—	—
Q2 26	$2.45	$2.34	-4.5%	—	—	—
Q1 26	$1.57	$1.64	+4.5%	—	—	—
Q4 25	$1.48	$1.72	+16.2%	—	—	—
Q3 25	$0.83	$0.87	+4.8%	—	—	—
Q2 25	$2.38	$2.26	-5.0%	—	—	—
Q1 25	$1.48	$1.32	-10.8%	—	—	—
Q4 24	$1.37	$1.36	-0.7%	—	—	—
Q3 24	$0.93	$0.77	-17.2%	—	—	—
Q2 24	$1.93	$2	+3.6%	—	—	—
Q1 24	$1.68	$1.19	-29.2%	—	—	—
Q4 23	$1.39	$1.31	-5.8%	—	—	—
Q3 23	$1.41	$0.86	-39.0%	—	—	—
Q2 23	$2.33	$2.31	-0.9%	—	—	—
Q1 23	$1.64	$1.41	-14.0%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.03	—	—	$5.6B	—
FY24	—	$3.24	—	—	$4.8B	—
FY23	—	$1.43	—	—	$4.3B	—
FY22	—	$1.07	—	—	$4.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.9B	$2.4B	$2.8B	$3B	$2.8B	$4.1B	$4.5B	$4.3B	$4.8B	$5.6B
YoY change	+10.1%	+28.4%	+16%	+7.8%	-8.5%	+46.7%	+9.06%	-2.79%	+11.2%	+15.3%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.9B	2.4B	2.8B	3B	2.8B	4.1B	4.5B	4.3B	4.8B	5.6B
Cost of revenue	1.2B	1.6B	1.8B	2B	1.7B	2.5B	2.7B	2.6B	2.9B	3.3B
Gross profit	717M	849.3M	1B	1.1B	1B	1.6B	1.7B	1.7B	1.9B	2.2B
Gross margin	37.8%	34.9%	35.7%	35.7%	37.5%	38.4%	38.3%	40.1%	39.9%	40%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	522.3M	614M	705.8M	744.9M	709.7M	1B	1.1B	1.2B	1.3B	1.6B
Operating expenses	522.3M	614M	705.8M	744.9M	709.7M	1B	1.1B	1.2B	1.3B	1.6B
Operating income	149.7M	182.3M	223.4M	246.7M	210.4M	401.4M	436.5M	350.3M	361.4M	401.5M
Operating margin	7.89%	7.49%	7.91%	8.1%	7.55%	9.82%	9.79%	8.08%	7.49%	7.22%
Non-operating income, net	-1.1M	-14.4M	-20.7M	-26.7M	-42.9M	-521.7M	-98.3M	-43.5M	35.5M	-14.4M
Pretax income	139.4M	156M	181.8M	190.6M	136.5M	-152M	289.6M	212.8M	311.1M	304.7M
Income tax	47.8M	61.9M	53.3M	53M	42M	85.5M	95M	68.1M	74.2M	80.2M
Net income	91.6M	94.1M	128.6M	137.6M	94.5M	-237.6M	194.5M	144.7M	236.9M	224.6M
Net margin	4.83%	3.86%	4.55%	4.52%	3.39%	-5.81%	4.36%	3.34%	4.91%	4.04%
EBITDA	196M	236.1M	303.2M	343.1M	339.2M	557.8M	619.5M	558.8M	590.7M	673.7M
EPS	1.76	1.27	2.49	2.6	1.23	-9.09	1.07	1.43	3.24	2.03
Diluted EPS	1.75	1.25	2.45	2.57	1.22	-9.09	1.05	1.41	3.22	2.02

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.1B	1.2B	1B	1.1B	1.2B	1.5B	1.1B	1.3B	1.5B	1.6B	1.3B	1.6B
Cost of revenue	638.7M	731.3M	606.2M	687.1M	712M	894.6M	688.5M	798.1M	888.5M	957.4M	789.5M	937.4M
Gross profit	417.4M	503.9M	395.7M	452.3M	467M	607M	452.7M	549.6M	574.6M	649.2M	523.9M	635.1M
Gross margin	39.5%	40.8%	39.5%	39.7%	39.6%	40.4%	39.7%	40.8%	39.3%	40.4%	39.9%	40.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	279.9M	326.6M	300M	302.9M	322.1M	414M	348.3M	372.7M	406.3M	441.3M	405M	436.8M
Operating expenses	279.9M	326.6M	300M	302.9M	322.1M	414M	348.3M	372.7M	406.3M	441.3M	405M	436.8M
Operating income	86.3M	126.2M	45.3M	99.5M	88.8M	127.8M	41M	115.2M	103.9M	141.4M	50.9M	126.6M
Operating margin	8.17%	10.2%	4.52%	8.74%	7.53%	8.51%	3.59%	8.55%	7.1%	8.8%	3.87%	8.05%
Non-operating income, net	-14.6M	7.3M	-1.3M	16.2M	25.1M	-4.4M	-4.8M	-10.5M	3M	-2.1M	-9M	-24.2M
Pretax income	47.5M	111.2M	24.1M	96.3M	90.5M	100.2M	13.6M	89.2M	84.3M	117.6M	19M	76.1M
Income tax	18.1M	30M	10M	24.4M	21.1M	18.7M	4.7M	25.2M	19.1M	31.1M	8.3M	26.8M
Net income	29.4M	81.2M	14.1M	71.9M	69.4M	81.5M	8.9M	64M	65.1M	86.5M	10.8M	49.2M
Net margin	2.78%	6.58%	1.41%	6.31%	5.88%	5.43%	0.78%	4.75%	4.45%	5.39%	0.82%	3.13%
EBITDA	138.2M	178.2M	96.4M	150.3M	149M	195M	109M	182.5M	170.6M	211.6M	125.8M	202.4M
EPS	0.53	1.42	0.26	0.73	0.74	1.49	-0.08	0.08	0.83	1.2	-0.47	0.56
Diluted EPS	0.53	1.42	0.26	0.73	0.73	1.47	-0.08	0.08	0.82	1.19	-0.47	0.56

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.4B	2.3B	2.2B	3.1B	3.6B	6.4B	4B	5.8B	6.8B	7.5B	4.6B
Enterprise value	1.6B	2.5B	2.7B	3.9B	4.6B	7.3B	5.9B	7.7B	8.6B	9.5B	8.9B
Shares outstanding	38.6M	38.8M	39.2M	39.5M	40M	42.9M	43.4M	45.7M	49.9M	50.8M	50.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	15.5	24.9	16.8	22.4	37.7	—	20.5	39.9	28.6	33.2	42.6
P/S	0.75	0.96	0.76	1.01	1.28	1.56	0.9	1.33	1.41	1.34	0.77
P/B	4.08	5.22	2.93	3.52	3.47	5.69	2.54	3.01	2.74	2.65	2.97
EV/EBITDA	8	10.5	8.87	11.3	13.7	13	9.51	13.8	14.6	14.1	12.8
EV/Sales	0.83	1.02	0.95	1.27	1.67	1.77	1.32	1.78	1.79	1.71	1.5
Earnings yield	6.46%	4.01%	5.97%	4.46%	2.65%	—	4.87%	2.5%	3.49%	3.01%	2.35%
FCF yield	9.25%	7.4%	10.3%	8.64%	3.54%	3.62%	-0.02%	1.4%	3.85%	3.37%	7.51%
PEG	—	—	—	—	—	—	—	—	—	—	0.07

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	37.8%	34.9%	35.7%	35.7%	37.5%	38.4%	38.3%	40.1%	39.9%	40%	40.4%
Operating margin	7.89%	7.49%	7.91%	8.1%	7.55%	9.82%	9.79%	8.08%	7.49%	7.22%	8.05%
Net margin	4.83%	3.86%	4.55%	4.52%	3.39%	-5.81%	4.36%	3.34%	4.91%	4.04%	1.81%
ROE	26.4%	21%	17.5%	15.7%	9.19%	-21.2%	12.4%	7.53%	9.56%	7.96%	7.84%
ROA	7.69%	6.24%	5.45%	4.76%	2.87%	-6.13%	3.82%	2.64%	3.88%	3.31%	3.67%
ROIC	19.8%	18.6%	12.4%	10.7%	6.91%	20.1%	8.45%	6.18%	6.38%	6.11%	5.11%
Return on tangible assets	42.6%	40.7%	-31.1%	349.5%	-88.8%	-41.8%	-16.2%	-19.2%	-27.5%	-24.4%	-17.9%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.99	0.92	0.95	0.78	0.93	1.02	0.9	1.02	1.06	1.1	1.19
Quick ratio	0.99	0.92	0.95	0.78	0.93	1.02	0.9	1.02	1.06	1.1	1.19
Debt / equity	0.76	0.56	0.91	1.04	1.22	1.16	1.33	1.11	0.83	0.81	1.16
Debt / assets	0.22	0.17	0.29	0.31	0.38	0.33	0.41	0.39	0.34	0.34	0.42
Net debt / EBITDA	0.76	0.6	1.77	2.28	3.18	1.57	3.06	3.46	3.1	3	4.29
Interest coverage	16.2	14.1	9.72	7.47	5.41	-3.78	6.96	3.26	4.63	4.7	4.17
Effective tax rate	34.3%	39.7%	29.3%	27.8%	30.8%	0%	32.8%	32%	23.8%	26.3%	28.7%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	49.1	62.7	72.2	77	69.7	95.3	102.7	94.9	96.6	109.5	116.7
EPS (basic)	1.76	1.27	2.49	2.6	1.23	-9.09	1.07	1.43	3.24	2.03	2.03
EPS (diluted)	1.75	1.25	2.45	2.57	1.22	-9.09	1.05	1.41	3.22	2.02	2.11
Book value per share	9	11.6	18.8	22.2	25.7	26.1	36.2	42.1	49.7	55.5	30.2
FCF per share	3.4	4.47	5.67	6.74	3.15	5.38	-0.01	1.78	5.23	4.95	4.4
Cash per share	2.93	2.79	3.47	3.23	4.33	9.76	4.64	4.48	4.51	5.17	6.56
Capex per share	0.65	1.02	0.91	1.12	1.01	1.35	1.56	1.85	1.3	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.32%	1.62%	1.26%	1.45%	1.45%	1.42%	1.52%	1.95%	1.35%	—	—
Capex / operating cash flow	18.9%	18.5%	14%	14.4%	26.2%	20.2%	144.4%	50.2%	24.1%	—	—
Payout ratio	3.79%	4.12%	3.04%	2.86%	4.22%	-1.77%	6.73%	9.34%	6.19%	6.77%	14.2%
Dividend yield	0.24%	0.17%	0.18%	0.13%	0.11%	0.07%	0.33%	0.23%	0.22%	0.2%	0.33%

Yield

0.33%

trailing twelve months

Frequency

Semi-annual

Last dividend

$0.15

ex-dividend Jun 30, 2026

Payout ratio

14%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 30, 2026	$0.15
Dec 31, 2025	$0.15
Jun 30, 2025	$0.15
Dec 31, 2024	$0.15
Jun 28, 2024	$0.15
Dec 28, 2023	$0.15
Jun 29, 2023	$0.15
Dec 29, 2022	$0.15

Split history

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.1B	$1.2B	$1B	$1.1B	$1.2B	$1.5B	$1.1B	$1.3B	$1.5B	$1.6B	$1.3B	$1.6B
YoY change	-4.72%	+1.04%	+3.74%	+5.69%	+11.6%	+21.6%	+13.9%	+18.3%	+24.1%	+6.99%	+15.1%	+16.7%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	113.1M	108.5M	135.9M	127.6M	173.1M	419M	201.5M	204.7M	224.8M	262.8M
Receivables	311M	382.5M	455.2M	393.9M	372.1M	502.4M	577.9M	643.4M	735.5M	829.3M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	506.3M	664.4M	757.3M	718.1M	1B	1.6B	1.2B	1.5B	1.6B	1.8B
Property, plant & equipment	63.8M	81.5M	90.9M	368.3M	414.8M	458.7M	503.6M	590.8M	623.1M	692M
Goodwill & intangibles	975.1M	1.3B	2.8B	2.9B	3.4B	3.3B	6.3B	6.2B	7B	7.7B
Total assets	1.2B	1.5B	2.4B	2.9B	3.3B	3.9B	5.1B	5.5B	6.1B	6.8B
Accounts payable	83.6M	227.1M	251.4M	261.9M	297.8M	391.2M	503.2M	535.8M	494.6M	510.6M
Short-term debt	2M	2.4M	1.8M	74.1M	306M	245.3M	110.6M	260.5M	171.7M	241.1M
Total current liabilities	510.2M	724.6M	798.7M	924.3M	1.1B	1.5B	1.3B	1.4B	1.5B	1.7B
Long-term debt	260.5M	247.5M	670.3M	836.4M	946.5M	1.1B	2B	1.9B	1.9B	2B
Total liabilities	843M	1.1B	1.6B	2B	2.3B	2.8B	3.5B	3.6B	3.6B	4B
Shareholders' equity	347.3M	448.5M	735.3M	876.4M	1B	1.1B	1.6B	1.9B	2.5B	2.8B
Total debt	262.5M	249.9M	672.1M	910.5M	1.3B	1.3B	2.1B	2.1B	2.1B	2.3B
Net debt	149.3M	141.4M	545.1M	795.5M	1.1B	900M	1.9B	2B	1.9B	2.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	168.6M	—	165.3M	162.6M	157M	—	186.3M	183.3M	212.5M	262.8M	201.6M	265.2M
Receivables	604.5M	—	594.5M	585.7M	694.5M	—	673.4M	778.6M	786M	829.3M	835M	922.9M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	1.3B	—	1.3B	1.5B	1.7B	—	1.6B	1.7B	1.9B	1.8B	1.9B	2.1B
Property, plant & equipment	547.8M	347M	576.3M	582M	624.9M	390.4M	631.1M	647.5M	648.7M	692M	741.2M	795.9M
Goodwill & intangibles	6.2B	—	6.1B	6.1B	7.1B	—	7B	7.1B	7.7B	7.7B	7.7B	9.1B
Total assets	5.2B	—	5.3B	5.7B	6.2B	—	6.1B	6.5B	6.8B	6.8B	6.9B	8B
Accounts payable	507.6M	—	468.1M	486.5M	524M	—	467.6M	511.6M	506.9M	510.6M	507.6M	660.2M
Short-term debt	140.9M	—	122.3M	229.8M	237.3M	—	192.7M	212.6M	286.7M	241.1M	303.2M	303.2M
Total current liabilities	1.2B	—	1.1B	1.4B	1.5B	—	1.4B	1.5B	1.6B	1.7B	1.5B	1.8B
Long-term debt	2B	—	1.7B	1.7B	2.2B	—	2B	2.1B	2.2B	2B	2.3B	3B
Total liabilities	3.4B	—	3B	3.4B	3.9B	—	3.6B	3.9B	4.1B	4B	4.1B	5.1B
Shareholders' equity	1.8B	—	2.2B	2.3B	2.4B	—	2.5B	2.5B	2.7B	2.8B	2.8B	2.9B
Total debt	2.1B	—	1.8B	2B	2.4B	—	2.2B	2.3B	2.5B	2.3B	2.6B	3.3B
Net debt	2B	—	1.7B	1.8B	2.2B	—	2B	2.1B	2.3B	2.1B	2.4B	3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	91.6M	94.1M	128.6M	137.6M	94.5M	-237.6M	194.5M	144.7M	236.9M	224.6M
Depreciation & amortization	44.9M	53M	78.7M	94.7M	125.9M	145.1M	177.4M	202.5M	221.6M	256M
Stock-based compensation	3.3M	4.4M	6.4M	7.8M	9.6M	14.3M	21.9M	27.1M	46M	55.6M
Change in working capital	-24.5M	25.4M	9.9M	-88.3M	149.7M	22M	-654.1M	-120.6M	-290M	-195.8M
Operating cash flow	132.4M	213M	254.1M	307.4M	154.1M	286.5M	46.9M	168.5M	270.1M	330.1M
Capital expenditure	-25M	-39.5M	-35.6M	-44.2M	-40.4M	-58M	-67.7M	-84.5M	-65.1M	—
Investing cash flow	-133.7M	-141.2M	-628.1M	-124M	-207.7M	-28.4M	-872.8M	-134M	-783.1M	-255.9M
Dividends paid	-3.5M	-3.9M	-3.9M	-3.9M	-4M	-4.2M	-13.1M	-13.5M	-14.7M	-15.2M
Share repurchases	0	—	—	—	—	0	-165.7M	0	—	—
Financing cash flow	-17.7M	-89.6M	387.8M	-122.9M	-11.3M	4.2M	596.1M	-49.9M	407.1M	29.6M
Net change in cash	-19M	-17.9M	13.7M	60.4M	-64.9M	262.2M	-229.8M	-15.4M	-105.9M	103.8M
Free cash flow	131.2M	173.4M	221.9M	266.6M	126.1M	231M	-650K	81.1M	260.9M	251.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	29.4M	81.2M	14.1M	71.9M	69.4M	81.5M	8.9M	64M	65.1M	86.5M	10.8M	49.2M
Depreciation & amortization	51.2M	51.1M	50.5M	49.8M	56.1M	65.2M	63.4M	61.7M	64.4M	66.5M	68M	71.7M
Stock-based compensation	5.5M	10.4M	6.7M	7.4M	6.8M	25.1M	6.7M	9.2M	18.3M	21.6M	1.2M	9.3M
Change in working capital	-76.3M	119.9M	-336.3M	116.2M	5.7M	-124.1M	-152M	-112.6M	-4.7M	-79M	-19.8M	-65.1M
Operating cash flow	42.8M	157.8M	-137.2M	142M	111.1M	105.7M	-80.7M	44.6M	113.4M	256.7M	-187.4M	139.7M
Capital expenditure	-19.3M	-24.1M	-53.3M	-233.4M	-16.2M	-19.6M	-14.7M	—	—	—	—	—
Investing cash flow	-7.3M	-55.7M	-49.9M	-167.5M	-481.4M	-265.3M	-9.8M	-85.1M	-144.8M	-152.6M	-34.6M	-691.1M
Dividends paid	-7.1M	0	-7.1M	0	-7.5M	0	-7.6M	0	-7.6M	0	-7.7M	0
Share repurchases	0	0	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-55.2M	-138.5M	161.8M	60.6M	385M	-200.3M	118.2M	48.7M	97M	-234.4M	221.7M	651.7M
Net change in cash	-19.7M	-36.4M	-25.3M	35.1M	14.8M	-359.9M	27.7M	8.1M	65.6M	-130.3M	-280K	100.2M
Free cash flow	22.8M	133M	-190.9M	-92.2M	91M	195.7M	-99.1M	28.1M	96.6M	225.8M	-205.7M	108.4M

Jun 2, 2015	1709:1000
Dec 13, 2004	2:1

Colliers International Group Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement