CoStar Group, Inc. (CSGP) 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 %
Q2 26	$0.29	$0.32	+10.3%	—	$925M	—
Q1 26	$0.18	$0.23	+27.8%	—	$897M	—
Q4 25	$0.27	$0.31	+14.8%	—	$899.9M	—
Q3 25	$0.19	$0.23	+21.1%	—	$833.6M	—
Q2 25	$0.14	$0.17	+21.4%	—	$781.3M	—
Q1 25	$0.11	$0.15	+36.4%	—	$732.2M	—
Q4 24	$0.23	$0.26	+13.0%	—	$709.4M	—
Q3 24	$0.16	$0.22	+37.5%	—	$692.6M	—
Q2 24	$0.09	$0.15	+66.7%	—	$677.8M	—
Q1 24	$0.07	$0.1	+42.9%	—	$656.4M	—
Q4 23	$0.32	$0.33	+3.1%	—	$640.1M	—
Q3 23	$0.3	$0.3	0.0%	—	$624.7M	—
Q2 23	$0.3	$0.31	+3.3%	—	$605.9M	—
Q1 23	$0.25	$0.29	+16.0%	—	$584.4M	—
Q4 22	$0.36	$0.38	+5.6%	—	$573.3M	—
Q3 22	$0.24	$0.3	+25.0%	—	$556.9M	—

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	—	$0.02	—	—	$3.2B	—
FY24	—	$0.34	—	—	$2.7B	—
FY23	—	$0.92	—	—	$2.5B	—
FY22	—	$0.93	—	—	$2.2B

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	$837.6M	$965.2M	$1.2B	$1.4B	$1.7B	$1.9B	$2.2B	$2.5B	$2.7B	$3.2B
YoY change	+17.7%	+15.2%	+23.5%	+17.4%	+18.5%	+17.2%	+12.3%	+12.5%	+11.5%	+18.7%

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	837.6M	965.2M	1.2B	1.4B	1.7B	1.9B	2.2B	2.5B	2.7B	3.2B
Cost of revenue	173.8M	220.4M	269.9M	289.2M	309M	357.2M	414M	491.5M	558.5M	686M
Gross profit	663.8M	744.8M	921.9M	1.1B	1.4B	1.6B	1.8B	2B	2.2B	2.6B
Gross margin	79.2%	77.2%	77.4%	79.3%	81.4%	81.6%	81%	80%	79.6%	78.9%
Research & development	76.4M	88.8M	100.9M	125.6M	162.9M	201M	220.9M	267.6M	325.3M	406M
Selling, general & administrative	419.8M	464.5M	516.5M	587.3M	835.5M	878.8M	1B	1.4B	1.8B	2.1B
Operating expenses	496.2M	553.3M	617.5M	712.9M	998.4M	1.1B	1.2B	1.6B	2.1B	2.5B
Operating income	144.9M	173.8M	273.6M	363.5M	289.2M	432.3M	451M	282.3M	4.7M	-72M
Operating margin	17.3%	18%	23%	26%	17.4%	22.2%	20.7%	11.5%	0.17%	-2.22%
Non-operating income, net	—	-3.8M	-88K	10.7M	-827K	3.3M	3.4M	5.4M	-7.1M	-8M
Pretax income	136.7M	165.1M	284M	390.9M	271M	404M	486.5M	501.3M	210.1M	30M
Income tax	51.6M	42.4M	45.7M	76M	43.9M	111.4M	117M	126.6M	71.4M	23M
Net income	85.1M	122.7M	238.3M	315M	227.1M	292.6M	369.5M	374.7M	138.7M	7M
Net margin	10.2%	12.7%	20%	22.5%	13.7%	15.1%	16.9%	15.3%	5.07%	0.22%
EBITDA	216.8M	241.5M	351.3M	444.7M	406.1M	571.9M	588.9M	389.8M	151.6M	191M
EPS	0.26	0.37	0.66	0.87	0.6	0.75	0.93	0.92	0.34	0.02
Diluted EPS	0.26	0.37	0.65	0.86	0.59	0.74	0.93	0.92	0.34	0.02

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	624.7M	640.1M	656.4M	677.8M	692.6M	709.4M	732.2M	781.3M	833.6M	899.9M	897M	925M
Cost of revenue	123.7M	136.3M	141.2M	135.8M	140.6M	140.9M	153.3M	167.8M	172.2M	192.7M	196M	197M
Gross profit	501M	503.8M	515.2M	542M	552M	568.5M	578.9M	613.5M	661.4M	707.2M	701M	728M
Gross margin	80.2%	78.7%	78.5%	80%	79.7%	80.1%	79.1%	78.5%	79.3%	78.6%	78.1%	78.7%
Research & development	67.9M	69.8M	82.4M	79.6M	81M	82.3M	94.5M	97.1M	105.4M	109M	114M	107M
Selling, general & administrative	361.3M	353.8M	464.6M	468.3M	437M	433.4M	510M	517.1M	575.3M	506.6M	547M	509M
Operating expenses	429.2M	423.6M	548.5M	547.9M	518M	515.7M	604.5M	614.2M	680.7M	615.6M	661M	616M
Operating income	61.6M	69.3M	-47.9M	-16.1M	23.7M	40M	-42.8M	-27.2M	-51.1M	49.1M	3M	76M
Operating margin	9.86%	10.8%	-7.3%	-2.38%	3.42%	5.64%	-5.85%	-3.48%	-6.13%	5.46%	0.33%	8.22%
Non-operating income, net	500K	3.7M	3.2M	-1.5M	-1.6M	-2.2M	-2.4M	16.3M	-20.7M	-1.2M	-1M	—
Pretax income	120.5M	132.8M	11.5M	35.9M	77.7M	85M	-6.7M	21.6M	-45.8M	60.9M	12M	74M
Income tax	29.9M	36.3M	4.8M	16.7M	24.7M	25.2M	8.1M	15.4M	-14.9M	14.4M	9M	19M
Net income	90.6M	96.5M	6.7M	19.2M	53M	59.8M	-14.8M	6.2M	-30.9M	46.5M	3M	55M
Net margin	14.5%	15.1%	1.02%	2.83%	7.65%	8.43%	-2.02%	0.79%	-3.71%	5.17%	0.33%	5.95%
EBITDA	88.7M	98M	-14.6M	22.7M	59.2M	79.3M	4.5M	38.6M	17.9M	130.1M	85M	161M
EPS	0.22	0.24	0.02	0.05	0.13	0.15	-0.04	0.01	-0.07	0.11	0.01	0.14
Diluted EPS	0.22	0.24	0.02	0.05	0.13	0.15	-0.04	0.01	-0.07	0.11	0.01	0.14

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	6.1B	9.9B	12.2B	21.7B	35.2B	31B	30.6B	35.4B	29.1B	28B	10.9B
Enterprise value	5.8B	8.6B	11.1B	20.8B	32.6B	28.3B	26.8B	31.3B	25.6B	27.6B	11.3B
Shares outstanding	321.7M	332M	360.6M	363.1M	380.7M	392.2M	396.3M	405.3M	406.3M	416.8M	416.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	71.3	80.4	51	69	154.9	105.9	82.9	94.5	209.7	4K	149.6
P/S	7.24	10.2	10.2	15.5	21.2	15.9	14	14.4	10.6	8.63	3.07
P/B	3.67	3.72	4.03	6.38	6.55	5.43	4.46	4.83	3.85	3.35	1.37
EV/EBITDA	26.9	35.8	31.5	46.8	80.4	49.5	45.4	80.3	168.6	144.4	28.6
EV/Sales	6.97	8.96	9.29	14.9	19.7	14.6	12.3	12.8	9.34	8.49	3.17
Earnings yield	1.4%	1.24%	1.96%	1.45%	0.65%	0.94%	1.21%	1.06%	0.48%	0.02%	0.67%
FCF yield	3%	2.13%	2.51%	1.89%	1.24%	1.31%	1.37%	1.31%	-0.84%	0.15%	3.77%
PEG	—	—	—	—	—	—	—	—	—	—	0.12

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	79.2%	77.2%	77.4%	79.3%	81.4%	81.6%	81%	80%	79.6%	78.9%	78.7%
Operating margin	17.3%	18%	23%	26%	17.4%	22.2%	20.7%	11.5%	0.17%	-2.22%	8.22%
Net margin	10.2%	12.7%	20%	22.5%	13.7%	15.1%	16.9%	15.3%	5.07%	0.22%	2.08%
ROE	5.14%	4.63%	7.89%	9.25%	4.23%	5.12%	5.38%	5.11%	1.84%	0.08%	0.89%
ROA	3.89%	4.27%	7.19%	8.17%	3.28%	4.03%	4.4%	4.2%	1.5%	0.07%	0.47%
ROIC	6.33%	8.97%	11.9%	11.7%	8.58%	10.4%	11.4%	6.53%	0.08%	-0.21%	0.71%
Return on tangible assets	-11.9%	-207.1%	-48.8%	-41.9%	14.7%	17.6%	11.9%	10.6%	4.16%	-0.24%	-2.33%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	4.05	8.78	7.87	5.79	11.8	11.8	13.9	12	8.96	2.84	2.21
Quick ratio	4.05	8.78	7.87	5.79	11.8	11.8	13.9	12	8.96	2.84	2.21
Debt / equity	0.2	—	0	0.05	0.21	0.2	0.16	0.15	0.15	0.14	0.15
Debt / assets	0.15	—	0	0.04	0.17	0.15	0.13	0.12	0.12	0.11	0.12
Net debt / EBITDA	-1.06	—	-3.12	-2.04	-6.28	-4.73	-6.56	-10.5	-23.3	-2.35	-0.16
Interest coverage	14.6	19.3	96.7	139	—	—	—	—	—	—	—
Effective tax rate	37.8%	25.7%	16.1%	19.4%	16.2%	27.6%	24%	25.3%	34%	76.7%	27.2%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	2.6	2.91	3.31	3.85	4.36	4.96	5.51	6.06	6.73	7.79	8.6
EPS (basic)	0.26	0.37	0.66	0.87	0.6	0.75	0.93	0.92	0.34	0.02	0.02
EPS (diluted)	0.26	0.37	0.65	0.86	0.59	0.74	0.93	0.92	0.34	0.02	0.18
Book value per share	5.14	7.99	8.38	9.38	14.1	14.6	17.3	18.1	18.6	20.1	19.6
FCF per share	0.57	0.63	0.85	1.13	1.15	1.03	1.06	1.15	-0.6	0.1	0.56
Cash per share	1.76	3.65	3.05	2.95	9.7	9.76	12.5	12.9	11.5	3.92	3.12
Capex per share	0.06	0.07	0.08	0.13	0.13	0.16	0.07	0.06	1.57	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.24%	2.54%	2.49%	3.3%	2.91%	3.32%	1.31%	1.03%	23.3%	—	—
Capex / operating cash flow	9.8%	11.6%	9.23%	10%	10.8%	13.8%	5.73%	5.5%	186.5%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

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	$624.7M	$640.1M	$656.4M	$677.8M	$692.6M	$709.4M	$732.2M	$781.3M	$833.6M	$899.9M	$897M	$925M
YoY change	+12.2%	+11.6%	+12.3%	+11.9%	+10.9%	+10.8%	+11.5%	+15.3%	+20.4%	+26.9%	+22.5%	+18.4%

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	567.2M	1.2B	1.1B	1.1B	3.7B	3.8B	5B	5.2B	4.7B	1.6B
Receivables	48.5M	60.9M	89.2M	92.2M	103.9M	124.8M	153.9M	190M	187.9M	234M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	627.5M	1.3B	1.2B	1.2B	3.9B	4B	5.2B	5.5B	5B	2.1B
Property, plant & equipment	87.6M	84.5M	83.3M	222.6M	207.5M	236.8M	296.6M	288.2M	744.5M	1.1B
Goodwill & intangibles	2.9B	2.9B	3.8B	4.6B	5.4B	5.6B	5.3B	5.4B	5.9B	13.4B
Total assets	2.2B	2.9B	3.3B	3.9B	6.9B	7.3B	8.4B	8.9B	9.3B	10.5B
Accounts payable	11.5M	9.3M	6.3M	7.6M	15.7M	22.2M	28.6M	23.1M	47M	42M
Short-term debt	31.9M	—	—	29.7M	32.6M	26.3M	36M	40M	32M	28M
Total current liabilities	154.9M	146.7M	154.2M	207.1M	330.9M	338.7M	372.7M	455.8M	552.3M	746M
Long-term debt	306.5M	—	4M	133.7M	1.1B	1.1B	1.1B	1.1B	1.1B	1.2B
Total liabilities	530.9M	222.2M	291M	448.4M	1.5B	1.5B	1.5B	1.6B	1.7B	2.2B
Shareholders' equity	1.7B	2.7B	3B	3.4B	5.4B	5.7B	6.9B	7.3B	7.6B	8.4B
Total debt	338.3M	—	4M	163.4M	1.1B	1.1B	1.1B	1.1B	1.2B	1.2B
Net debt	-228.9M	—	-1.1B	-907.3M	-2.6B	-2.7B	-3.9B	-4.1B	-3.5B	-449M

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	5.2B	5.2B	5B	4.9B	4.9B	4.7B	4B	3.9B	1.9B	1.6B	1.2B	1.3B
Receivables	192.8M	190M	197.4M	203.8M	178.8M	187.9M	207M	203.8M	243.8M	234M	269M	253M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	5.5B	5.5B	5.2B	5.2B	5.2B	5B	4.4B	4.3B	2.4B	2.1B	1.7B	1.7B
Property, plant & equipment	489M	288.2M	865.9M	922.5M	1B	744.5M	1.2B	1.3B	1.4B	1.1B	1.5B	1.6B
Goodwill & intangibles	5.2B	5.4B	5.5B	5.5B	5.4B	5.9B	9.3B	9.2B	13.5B	13.4B	13.4B	13.3B
Total assets	8.8B	8.9B	9B	9.1B	9.1B	9.3B	10.4B	10.5B	10.8B	10.5B	10.2B	10.1B
Accounts payable	25.9M	23.1M	113.6M	101M	84.4M	47M	38.7M	51.5M	46.5M	42M	39M	44M
Short-term debt	40.2M	40M	44M	41.2M	38.9M	32M	28.2M	25.8M	28.4M	28M	28M	30M
Total current liabilities	413.1M	455.8M	573.8M	561.7M	539.4M	552.3M	724.4M	742.4M	770.5M	746M	777M	747M
Long-term debt	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.2B	1.2B	1.2B
Total liabilities	1.6B	1.6B	1.7B	1.7B	1.6B	1.7B	1.9B	1.9B	2.2B	2.2B	2.2B	2.2B
Shareholders' equity	7.2B	7.3B	7.3B	7.4B	7.5B	7.6B	8.6B	8.6B	8.6B	8.4B	8B	7.9B
Total debt	1.1B	1.1B	1.1B	1.1B	1.1B	1.2B	1.1B	1.2B	1.2B	1.2B	1.2B	1.2B
Net debt	-4.1B	-4.1B	-3.8B	-3.8B	-3.8B	-3.5B	-2.5B	-2.5B	-757.3M	-449M	-25M	-64M

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	85.1M	122.7M	238.3M	315M	227.1M	292.6M	369.5M	374.7M	138.7M	7M
Depreciation & amortization	70.2M	63.6M	77.7M	81.2M	116.9M	139.6M	137.9M	107.5M	146.9M	263M
Stock-based compensation	36.3M	39M	41.2M	52.3M	53.5M	63.7M	75.2M	85M	89M	194M
Change in working capital	-18.9M	-12.9M	-89.3M	-72.1M	-26.2M	-145.7M	-168.4M	-194.4M	-134.2M	-202M
Operating cash flow	191.6M	211.8M	320.9M	461.6M	448.6M	467.8M	497.6M	460M	341.2M	430M
Capital expenditure	-18.8M	-24.5M	-29.6M	-46.2M	-48.3M	-64.6M	-28.5M	-25.3M	-636.2M	—
Investing cash flow	-23.3M	-72.3M	-448M	-483.8M	-464.2M	-381.3M	-69.1M	-238.6M	-912.9M	-2.4B
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-16.4M	-14.9M	-24.3M	-27.6M	-38.9M	-33.3M	—	—	—	-500M
Financing cash flow	-31.7M	470.5M	-24.3M	-29.2M	2.6B	-67M	720.5M	-27.1M	-38.2M	-583M
Net change in cash	136.6M	610.1M	-151.4M	-51.4M	2.6B	19.4M	1.1B	194.3M	-609.9M	-2.6B
Free cash flow	181.9M	210.2M	305.8M	411.6M	437.8M	404.5M	420.1M	464.2M	-245.3M	41M

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	90.5M	96.5M	6.7M	19.2M	53M	59.8M	-14.8M	6.4M	-30.5M	46.5M	3M	55M
Depreciation & amortization	27.1M	28.7M	33.3M	38.8M	35.5M	39.3M	47.3M	65.8M	69M	81M	82M	85M
Stock-based compensation	21.9M	21.2M	22.8M	22.7M	21.8M	21.7M	30.4M	52.2M	71M	41M	42M	38M
Change in working capital	-110.6M	-24.1M	27.9M	-38.1M	-58.9M	-65.1M	-69.1M	22.4M	-98.3M	-56.7M	-54M	3M
Operating cash flow	55.8M	128.4M	124.1M	77.4M	80.7M	59M	29.9M	186.3M	67.9M	162.1M	152M	115M
Capital expenditure	-21.6M	-11.2M	-380.3M	-92.2M	-85.2M	-78.5M	-79.1M	-149.9M	—	—	—	—
Investing cash flow	-37.8M	-166.4M	-380.3M	-97.3M	-85.2M	-350.1M	-910.6M	-150.4M	-1.6B	1.6M	0	2M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	-18.5M	-44.8M	-51M	-385M	-505M	-82M
Financing cash flow	0	-3.7M	-1.1M	-4.5M	-29.9M	-2.7M	-19.2M	-45.8M	-52.3M	-385M	-506M	-82M
Net change in cash	18M	-41.8M	-257.3M	-24.4M	-34.4M	-293.8M	-899.9M	-9.9M	-1.6B	-221.3M	-354M	35M
Free cash flow	21M	137.4M	-240.7M	-34.1M	13.7M	15.8M	-26M	-4M	-23.6M	95.6M	98M	57M

CoStar 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

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