CoStar Group (CSGP) Financials

$34.90 -0.48 (-1.36%)

Closing price 04:00 PM Eastern

Extended Trading

$34.90 0.00 (0.00%)

As of 04:15 PM Eastern

Annual Income Statements for CoStar Group

This table shows CoStar Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-3.47	85	123	238	315	227	293	370	375	139	7.00
Consolidated Net Income / (Loss)	-3.47	85	123	238	315	227	293	370	375	139	7.00
Net Income / (Loss) Continuing Operations	-3.47	85	123	238	315	227	293	370	375	139	7.00
Total Pre-Tax Income	2.58	137	165	284	391	271	404	487	502	210	30
Total Operating Income	11	145	174	274	364	289	432	451	282	5.00	-72
Total Gross Profit	523	664	745	922	1,110	1,350	1,587	1,768	1,964	2,178	2,561
Total Revenue	712	838	965	1,192	1,400	1,659	1,944	2,182	2,455	2,736	3,247
Operating Revenue	712	838	965	1,192	1,400	1,659	1,944	2,182	2,455	2,736	3,247
Total Cost of Revenue	189	174	220	270	289	309	357	414	491	558	686
Operating Cost of Revenue	189	174	220	270	289	309	357	414	491	558	686
Total Operating Expenses	511	519	571	648	747	1,061	1,155	1,317	1,682	2,173	2,633
Selling, General & Admin Expense	116	123	146	157	179	300	257	339	382	439	549
Marketing Expense	302	296	318	360	409	536	622	684	990	1,364	1,560
Research & Development Expense	66	76	89	101	126	163	201	221	268	326	406
Amortization Expense	28	23	18	31	34	62	75	74	42	44	118
Total Other Income / (Expense), net	-8.87	-8.24	-8.76	10	27	-18	-28	36	220	205	102
Interest & Investment Income	-	-	-	11	17	-17	-32	32	214	213	110
Other Income / (Expense), net	0.54	1.77	4.04	-	11	-0.83	3.30	3.40	6.00	-8.00	-8.00
Income Tax Expense	6.05	52	42	46	76	44	111	117	127	71	23
Basic Earnings per Share	($0.11)	$2.64	$3.70	$6.61	$0.87	$0.60	$0.75	$0.93	$0.92	$0.34	$0.02
Weighted Average Basic Shares Outstanding	31.95M	32.17M	33.20M	36.06M	363.10M	380.73M	392.20M	396.30M	405.30M	406.30M	416.80M
Diluted Earnings per Share	($0.11)	$2.62	$3.66	$6.54	$0.86	$0.59	$0.74	$0.93	$0.92	$0.34	$0.02
Weighted Average Diluted Shares Outstanding	31.95M	32.44M	33.56M	36.45M	366.30M	383.27M	394.20M	397.80M	406.90M	407.80M	420.70M
Weighted Average Basic & Diluted Shares Outstanding	32.51M	32.60M	36.09M	36.45M	36.64M	39.41M	394.99M	406.77M	408.41M	410.13M	419.79M

This table shows CoStar Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	91	97	6.70	19	53	60	-15	6.20	-31	47	3.00
Consolidated Net Income / (Loss)	91	97	6.70	19	53	60	-15	6.20	-31	47	3.00
Net Income / (Loss) Continuing Operations	91	97	6.70	19	53	60	-15	6.20	-31	47	3.00
Total Pre-Tax Income	121	133	12	36	78	85	-7.00	22	-46	61	12
Total Operating Income	62	69	-43	-16	24	40	-43	-27	-51	49	3.00
Total Gross Profit	501	504	515	542	552	569	579	614	661	707	701
Total Revenue	625	640	656	678	693	709	732	781	834	900	897
Operating Revenue	625	640	656	678	693	709	732	781	834	900	897
Total Cost of Revenue	124	136	141	136	141	141	153	168	172	193	196
Operating Cost of Revenue	124	136	141	136	141	141	153	168	172	193	196
Total Operating Expenses	439	434	558	558	528	529	622	641	713	658	698
Selling, General & Admin Expense	94	107	99	110	106	125	141	122	157	129	126
Marketing Expense	267	247	366	358	331	309	369	395	418	378	421
Research & Development Expense	68	70	82	80	81	82	95	97	105	109	114
Amortization Expense	10	11	11	10	10	13	17	27	32	43	37
Total Other Income / (Expense), net	59	64	54	52	54	45	36	49	5.30	12	9.00
Interest & Investment Income	58	60	56	54	56	47	38	33	26	13	10
Other Income / (Expense), net	0.50	3.70	-1.90	-1.50	-1.60	-2.10	-2.00	16	-21	-1.20	-1.00
Income Tax Expense	30	36	4.80	17	25	25	8.00	15	-15	14	9.00
Basic Earnings per Share	$0.22	$0.23	$0.02	$0.05	$0.13	$0.14	($0.04)	$0.01	($0.07)	$0.12	$0.01
Weighted Average Basic Shares Outstanding	405.60M	405.30M	405.60M	406M	406.80M	406.30M	410.50M	419.60M	419.90M	416.80M	413M
Diluted Earnings per Share	$0.22	$0.24	$0.02	$0.05	$0.13	$0.14	($0.04)	$0.01	($0.07)	$0.12	$0.01
Weighted Average Diluted Shares Outstanding	407.20M	406.90M	407.30M	407.40M	408M	407.80M	410.50M	424.30M	419.90M	420.70M	414M
Weighted Average Basic & Diluted Shares Outstanding	408.36M	408.41M	408.34M	409.82M	409.96M	410.13M	421.89M	423.65M	423.82M	419.79M	408.36M

This table details how cash moves in and out of CoStar Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-105	145	644	-111	-30	2,685	71	1,141	248	-535	-2,948
Net Cash From Operating Activities	140	201	235	335	458	486	470	479	490	393	430
Net Cash From Continuing Operating Activities	140	201	235	335	458	486	470	479	490	393	430
Net Income / (Loss) Continuing Operations	-3.47	85	123	238	315	227	293	370	375	139	7.00
Consolidated Net Income / (Loss)	-3.47	85	123	238	315	227	293	370	375	139	7.00
Depreciation Expense	79	70	64	78	81	117	140	138	108	147	263
Amortization Expense	3.31	3.23	2.30	49	54	62	66	79	95	117	141
Non-Cash Adjustments To Reconcile Net Income	46	45	49	46	86	105	103	132	150	158	256
Changes in Operating Assets and Liabilities, net	16	-2.34	-2.61	-76	-79	-25	-131	-239	-238	-168	-237
Net Cash From Investing Activities	-216	-23	-72	-448	-484	-464	-381	-69	-239	-913	-2,816
Net Cash From Continuing Investing Activities	-216	-23	-72	-448	-484	-464	-381	-69	-239	-913	-2,816
Purchase of Property, Plant & Equipment	-35	-19	-24	-30	-46	-48	-189	-94	-143	-638	-389
Acquisitions	-182	-10	-48	-418	-438	-426	-193	-6.30	-100	-277	-2,347
Purchase of Investments	-	-	-	-	-	-	-	-	0.00	0.00	-285
Sale and/or Maturity of Investments	1.90	5.95	-	0.00	0.00	10	0.00	0.90	4.00	2.00	205
Net Cash From Financing Activities	-29	-31	480	2.74	-4.15	2,662	-16	734	-4.00	-14	-559
Net Cash From Continuing Financing Activities	-29	-31	480	2.74	-4.15	2,662	-16	734	-4.00	-14	-559
Repayment of Debt	-20	-20	-348	0.00	-1.66	-763	-0.40	-2.20	-1.00	-9.00	-8.00
Repurchase of Common Equity	-	-	-	-	-	-	-	-	0.00	0.00	-500
Other Financing Activities, net	-9.03	-11	-5.01	2.74	-2.50	-8.59	-15	-9.50	-3.00	-5.00	-51
Effect of Exchange Rate Changes	-0.43	-1.42	-	-	0.44	0.94	-1.50	-2.70	1.00	-1.00	-3.00
Cash Interest Paid	-	6.71	6.45	1.42	2.00	5.95	32	30	31	31	30
Cash Income Taxes Paid	-	34	41	36	69	46	82	169	163	100	73

This table details how cash moves in and out of CoStar Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	25	-14	-264	-32	18	-257	-620	-51	-1,692	-302	-417
Net Cash From Operating Activities	43	149	140	58	100	95	53	147	68	162	152
Net Cash From Continuing Operating Activities	43	149	140	58	100	95	53	147	68	162	152
Net Income / (Loss) Continuing Operations	91	97	6.70	19	53	60	-15	6.20	-31	47	3.00
Consolidated Net Income / (Loss)	91	97	6.70	19	53	60	-15	6.20	-31	47	3.00
Depreciation Expense	27	29	33	39	36	39	47	66	69	81	82
Amortization Expense	25	26	28	30	30	31	31	35	44	31	30
Non-Cash Adjustments To Reconcile Net Income	42	38	39	40	39	40	48	42	111	55	58
Changes in Operating Assets and Liabilities, net	-142	-41	33	-70	-58	-76	-58	-2.80	-124	-51	-21
Net Cash From Investing Activities	-22	-163	-380	-97	-85	-350	-911	-151	-1,688	-66	-54
Net Cash From Continuing Investing Activities	-22	-163	-380	-97	-85	-350	-626	-151	-1,688	-66	-54
Purchase of Property, Plant & Equipment	-22	-67	-380	-92	-87	-79	-80	-152	-92	-67	-54
Acquisitions	-	-100	0.00	-	-	-272	-750	-	-1,597	0.20	0.00
Purchase of Investments	-	-	0.00	-	-	-	0.00	-	-	-0.20	0.00
Sale and/or Maturity of Investments	-	-	0.00	-	-	-	204	-	-	1.60	0.00
Net Cash From Financing Activities	3.30	-0.70	-23	7.20	1.50	0.10	-47	-51	-64	-397	-514
Net Cash From Continuing Financing Activities	3.30	-0.70	-23	7.20	1.50	0.10	-47	-51	-64	-397	-514
Repayment of Debt	-	-0.70	-1.10	-2.30	-	-5.30	-1.00	-1.30	-1.30	-4.70	-1.00
Repurchase of Common Equity	-	-	0.00	-	-	-	-19	-45	-51	-385	-505
Other Financing Activities, net	3.30	-	-21	9.50	1.50	5.40	-27	-4.50	-11	-7.20	-8.00
Effect of Exchange Rate Changes	0.30	0.80	-1.10	-0.10	1.50	-1.20	-	4.20	-8.30	-0.80	-1.00
Cash Interest Paid	15	0.70	15	0.90	14	1.20	15	0.40	14	0.50	14
Cash Income Taxes Paid	44	55	2.20	52	9.30	36	2.00	54	0.20	17	-23

This table presents CoStar Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	2,080	2,185	2,873	3,313	3,854	6,915	7,257	8,403	8,920	9,257	10,538
Total Current Assets	473	627	1,288	1,213	1,199	3,889	3,988	5,186	5,476	4,950	2,119
Cash & Equivalents	422	567	1,211	1,100	1,071	3,756	3,827	4,968	5,216	4,681	1,633
Restricted Cash	-	-	-	-	-	-	-	-	-	0.00	100
Accounts Receivable	40	49	61	89	92	104	125	154	190	188	234
Prepaid Expenses	10	12	16	24	36	29	36	64	70	81	134
Current Deferred & Refundable Income Taxes	0.43	0.13	-	-	-	-	-	-	-	0.00	18
Plant, Property, & Equipment, net	88	88	84	83	108	126	271	0.00	0.00	0.00	0.00
Total Noncurrent Assets	1,519	1,470	1,501	2,016	2,547	2,901	2,997	3,217	3,444	4,307	8,419
Goodwill	1,253	1,255	1,283	1,612	1,882	2,236	2,321	2,315	2,386	2,528	4,944
Intangible Assets	238	196	183	289	421	427	436	329	314	433	1,771
Noncurrent Deferred & Refundable Income Taxes	9.11	7.27	18	22	20	20	16	12	4.30	31	47
Other Noncurrent Operating Assets	2.65	1.95	6.18	83	214	218	224	561	739	1,315	1,657
Total Liabilities & Shareholders' Equity	2,080	2,185	2,873	3,313	3,854	6,915	7,257	8,403	8,920	9,257	10,538
Total Liabilities	536	531	222	291	448	1,540	1,545	1,533	1,581	1,704	2,167
Total Current Liabilities	135	155	147	154	207	331	339	373	456	552	746
Accounts Payable	9.67	11	9.26	6.33	7.64	16	22	29	23	44	42
Accrued Expenses	31	31	22	30	39	110	82	89	163	164	203
Current Deferred Revenue	44	40	50	56	67	75	95	104	104	137	205
Current Deferred & Payable Income Tax Liabilities	0.05	3.81	8.17	14	11	16	31	10	7.70	23	1.00
Current Employee Benefit Liabilities	31	34	54	46	53	81	82	105	118	133	145
Other Current Liabilities	2.52	2.52	2.52	2.52	30	33	26	36	40	51	150
Total Noncurrent Liabilities	401	376	76	137	241	1,209	1,207	1,160	1,125	1,152	1,421
Long-Term Debt	338	306	0.00	4.00	134	987	988	989	991	992	993
Noncurrent Deferred Revenue	36	32	47	49	21	25	12	14	18	25	27
Noncurrent Deferred & Payable Income Tax Liabilities	4.59	18	12	70	87	73	99	76	37	8.00	238
Other Noncurrent Operating Liabilities	-	-	-	-	-	124	107	80	80	127	163
Total Equity & Noncontrolling Interests	1,544	1,654	2,651	3,022	3,406	5,375	5,712	6,870	7,339	7,553	8,371
Total Preferred & Common Equity	1,544	1,654	2,651	3,022	3,406	5,375	5,712	6,870	7,339	7,553	8,334
Total Common Equity	1,544	1,654	2,651	3,022	3,406	5,375	5,712	6,870	7,339	7,553	0.00
Noncontrolling Interest	-	-	-	-	-	-	-	-	-	0.00	37

This table presents CoStar Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	8,692	8,772	8,920	9,035	9,067	9,139	9,257	10,428	10,507	10,820	10,164
Total Current Assets	5,445	5,499	5,476	5,216	5,207	5,195	4,950	4,353	4,332	2,405	1,706
Cash & Equivalents	5,205	5,230	5,216	4,952	4,920	4,938	4,681	3,681	3,629	1,935	1,215
Restricted Cash	-	-	-	-	-	-	-	97	98	100	101
Accounts Receivable	181	193	190	197	204	179	188	207	204	244	269
Prepaid Expenses	58	76	70	67	84	79	81	83	93	127	103
Current Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	-	-	18
Plant, Property, & Equipment, net	359	403	0.00	791	0.00	0.00	0.00	1,098	0.00	0.00	1,367
Total Noncurrent Assets	2,887	2,870	3,444	3,027	3,860	3,944	4,307	4,977	6,176	8,415	7,091
Goodwill	2,321	2,315	2,386	2,384	2,384	2,397	2,528	3,673	3,690	4,915	4,975
Intangible Assets	295	275	314	365	343	325	433	957	916	1,844	1,731
Noncurrent Deferred & Refundable Income Taxes	12	12	4.30	6.30	6.30	6.30	31	50	55	66	44
Other Noncurrent Operating Assets	259	268	739	272	1,128	1,216	1,315	297	1,515	1,589	341
Total Liabilities & Shareholders' Equity	8,692	8,772	8,920	9,035	9,067	9,139	9,257	10,428	10,507	10,820	10,164
Total Liabilities	1,591	1,561	1,581	1,692	1,672	1,648	1,703	1,872	1,906	2,196	2,213
Total Current Liabilities	443	413	456	574	562	539	552	724	742	771	777
Accounts Payable	62	26	23	114	101	84	47	39	52	47	39
Accrued Expenses	116	156	163	196	186	188	180	236	220	217	216
Current Deferred & Payable Income Tax Liabilities	11	2.06	7.70	13	0.10	8.90	23	29	1.00	9.50	1.00
Current Employee Benefit Liabilities	101	91	118	91	110	106	133	97	136	145	126
Other Current Liabilities	40	40	40	44	41	39	32	143	146	151	395
Total Noncurrent Liabilities	1,148	1,148	1,125	1,118	1,110	1,108	1,151	1,148	1,163	1,426	1,436
Long-Term Debt	990	990	991	991	991	992	992	992	993	993	994
Noncurrent Deferred Revenue	17	18	18	18	19	24	25	26	26	27	30
Noncurrent Deferred & Payable Income Tax Liabilities	69	63	37	34	30	13	7.60	7.90	8.20	249	244
Other Noncurrent Operating Liabilities	72	78	80	75	70	80	127	121	136	157	168
Total Equity & Noncontrolling Interests	0.00	0.00	7,339	0.00	0.00	0.00	7,554	0.00	0.00	8,624	7,951
Total Preferred & Common Equity	7,101	7,210	7,339	7,343	7,396	7,491	7,554	8,556	8,601	8,616	7,913
Total Common Equity	0.00	0.00	7,339	0.00	0.00	0.00	7,554	0.00	0.00	0.00	0.00
Noncontrolling Interest	-	-	-	-	-	-	-	-	-	8.10	38

This table displays calculated financial ratios and metrics derived from CoStar Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	23.58%	17.68%	15.23%	23.48%	17.44%	18.53%	17.18%	12.26%	12.49%	11.45%	18.68%
EBITDA Growth	-39.49%	134.53%	10.79%	64.27%	27.26%	-8.28%	37.09%	4.67%	-26.54%	-46.43%	24.14%
EBIT Growth	-85.27%	1,123.13%	21.26%	53.81%	36.79%	-22.94%	51.05%	4.32%	-36.69%	-100.83%	-2,566.67%
NOPAT Growth	-130.05%	686.55%	43.24%	77.67%	27.58%	-17.24%	29.16%	9.40%	-38.40%	-98.53%	-607.63%
Net Income Growth	-107.72%	2,555.15%	44.23%	94.25%	32.15%	-27.89%	28.83%	26.28%	1.41%	-62.98%	-94.96%
EPS Growth	-107.53%	2,481.82%	39.69%	78.69%	32.15%	-27.89%	25.42%	25.68%	-1.08%	-63.04%	-94.12%
Operating Cash Flow Growth	-2.87%	43.55%	16.98%	42.93%	36.46%	6.19%	-3.38%	1.92%	2.26%	-19.80%	9.41%
Free Cash Flow Firm Growth	67.76%	188.48%	-15.50%	-316.08%	6.76%	140.06%	-50.64%	592.41%	-103.39%	-6,705.22%	-406.20%
Invested Capital Growth	10.56%	-3.29%	0.82%	33.42%	27.44%	6.01%	10.22%	0.65%	7.68%	24.13%	97.49%
Revenue Q/Q Growth	5.47%	3.11%	3.84%	5.45%	4.41%	4.38%	3.31%	3.15%	2.79%	2.60%	6.23%
EBITDA Q/Q Growth	15.47%	5.13%	1.12%	17.72%	2.48%	-8.03%	16.82%	-2.82%	-8.96%	-6.91%	17.82%
EBIT Q/Q Growth	1,767.87%	9.84%	2.97%	19.05%	1.63%	-15.17%	24.94%	-3.05%	-15.78%	-107.29%	11.21%
NOPAT Q/Q Growth	-2,955.51%	7.04%	13.89%	17.70%	-1.08%	-12.20%	21.44%	0.51%	-18.64%	-86.66%	44.86%
Net Income Q/Q Growth	72.35%	8.39%	13.54%	19.75%	1.42%	-18.67%	24.27%	9.31%	-6.93%	-20.92%	-65.52%
EPS Q/Q Growth	71.79%	7.38%	10.91%	18.69%	1.42%	-18.67%	23.33%	8.14%	-7.07%	-22.73%	-50.00%
Operating Cash Flow Q/Q Growth	18.87%	-8.18%	8.92%	14.85%	-1.51%	4.97%	4.38%	7.80%	-6.96%	-12.07%	18.62%
Free Cash Flow Firm Q/Q Growth	-37.30%	6.18%	12.84%	-18.57%	-191.90%	136.29%	134.65%	30.08%	-105.23%	-35.70%	6.97%
Invested Capital Q/Q Growth	-0.41%	-0.57%	-0.41%	3.67%	29.43%	6.96%	1.52%	-1.03%	4.81%	9.01%	0.65%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	73.46%	79.25%	77.17%	77.35%	79.34%	81.38%	81.63%	81.03%	79.98%	79.59%	78.87%
EBITDA Margin	13.18%	26.27%	25.26%	33.60%	36.41%	28.18%	32.97%	30.74%	20.07%	9.65%	9.98%
Operating Margin	1.61%	17.30%	18.01%	22.95%	25.97%	17.43%	22.24%	20.67%	11.50%	0.17%	-2.22%
EBIT Margin	1.68%	17.51%	18.43%	22.95%	26.73%	17.38%	22.41%	20.82%	11.72%	-0.09%	-2.46%
Profit (Net Income) Margin	-0.49%	10.16%	12.71%	20.00%	22.50%	13.69%	15.05%	16.93%	15.26%	5.07%	0.22%
Tax Burden Percent	-134.25%	62.25%	74.33%	83.92%	80.56%	83.82%	72.43%	75.95%	74.75%	66.02%	23.33%
Interest Burden Percent	21.52%	93.17%	92.80%	103.82%	104.47%	93.97%	92.75%	107.06%	174.24%	-8,754.17%	-37.50%
Effective Tax Rate	234.25%	37.75%	25.67%	16.08%	19.44%	16.18%	27.57%	24.05%	25.25%	33.98%	76.67%
Return on Invested Capital (ROIC)	-1.09%	6.18%	8.97%	13.60%	13.35%	9.57%	11.43%	11.89%	7.03%	0.09%	-0.29%
ROIC Less NNEP Spread (ROIC-NNEP)	-11.30%	9.84%	9.89%	12.84%	11.19%	10.39%	12.16%	11.10%	3.04%	-3.34%	-1.37%
Return on Net Nonoperating Assets (RNNOA)	0.86%	-0.86%	-3.27%	-5.20%	-3.55%	-4.40%	-6.15%	-6.01%	-1.75%	1.77%	0.38%
Return on Equity (ROE)	-0.23%	5.32%	5.70%	8.40%	9.80%	5.17%	5.28%	5.87%	5.27%	1.86%	0.09%
Cash Return on Invested Capital (CROIC)	-11.12%	9.52%	8.15%	-15.03%	-10.78%	3.74%	1.71%	11.24%	-0.37%	-21.44%	-65.83%
Operating Return on Assets (OROA)	0.58%	6.88%	7.03%	8.84%	10.44%	5.36%	6.15%	5.80%	3.32%	-0.03%	-0.81%
Return on Assets (ROA)	-0.17%	3.99%	4.85%	7.71%	8.79%	4.22%	4.13%	4.72%	4.33%	1.53%	0.07%
Return on Common Equity (ROCE)	-0.23%	5.32%	5.70%	8.40%	9.80%	5.17%	5.28%	5.87%	5.27%	1.86%	0.09%
Return on Equity Simple (ROE_SIMPLE)	-0.22%	5.14%	4.63%	7.89%	9.25%	4.23%	5.12%	5.38%	5.11%	1.84%	0.00%
Net Operating Profit after Tax (NOPAT)	-15	90	129	230	293	242	313	343	211	3.10	-17
NOPAT Margin	-2.16%	10.77%	13.39%	19.26%	20.92%	14.61%	16.11%	15.70%	8.60%	0.11%	-0.52%
Net Nonoperating Expense Percent (NNEP)	10.21%	-3.65%	-0.91%	0.76%	2.16%	-0.82%	-0.73%	0.79%	3.99%	3.43%	1.07%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	4.36%	2.53%	0.04%	-0.18%
Cost of Revenue to Revenue	26.54%	20.75%	22.83%	22.65%	20.66%	18.62%	18.37%	18.97%	20.02%	20.41%	21.13%
SG&A Expenses to Revenue	16.23%	14.72%	15.14%	13.14%	12.77%	18.06%	13.21%	15.52%	15.54%	16.05%	16.91%
R&D to Revenue	9.24%	9.12%	9.21%	8.47%	8.97%	9.82%	10.34%	10.12%	10.90%	11.89%	12.50%
Operating Expenses to Revenue	71.85%	61.95%	59.16%	54.40%	53.36%	63.94%	59.39%	60.36%	68.48%	79.42%	81.09%
Earnings before Interest and Taxes (EBIT)	12	147	178	274	374	288	436	454	288	-2.40	-80
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	94	220	244	400	510	467	641	671	493	264	324
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.35	3.71	4.05	4.07	6.44	6.78	5.46	4.57	4.86	3.89	3.42
Price to Tangible Book Value (P/TBV)	127.87	30.21	9.06	10.95	19.88	13.43	10.56	7.44	7.69	6.39	17.60
Price to Revenue (P/Rev)	9.43	7.33	11.12	10.31	15.66	21.96	16.05	14.40	14.54	10.73	8.78
Price to Earnings (P/E)	0.00	72.22	87.48	51.55	69.59	160.41	106.67	85.06	95.24	211.60	4,071.12
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	1.38%	1.14%	1.94%	1.44%	0.62%	0.94%	1.18%	1.05%	0.47%	0.02%
Enterprise Value to Invested Capital (EV/IC)	4.47	4.12	6.58	5.80	8.53	12.92	9.88	9.49	10.11	6.64	3.64
Enterprise Value to Revenue (EV/Rev)	9.32	7.05	9.85	9.38	14.98	20.29	14.59	12.58	12.82	9.38	8.56
Enterprise Value to EBITDA (EV/EBITDA)	70.69	26.83	39.01	27.91	41.15	72.01	44.27	40.92	63.84	97.20	85.79
Enterprise Value to EBIT (EV/EBIT)	553.11	40.26	53.48	40.87	56.04	116.74	65.13	60.41	109.36	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	65.46	73.62	48.70	71.60	138.88	90.62	80.14	149.10	8,270.02	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	47.45	29.43	40.53	33.33	45.81	69.25	60.41	57.34	64.27	65.36	64.64
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	42.51	81.03	0.00	0.00	355.29	606.66	84.77	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.23	0.20	0.00	0.00	0.04	0.18	0.17	0.14	0.14	0.13	0.12
Long-Term Debt to Equity	0.22	0.19	0.00	0.00	0.04	0.18	0.17	0.14	0.14	0.13	0.12
Financial Leverage	-0.08	-0.09	-0.33	-0.41	-0.32	-0.42	-0.51	-0.54	-0.58	-0.53	-0.28
Leverage Ratio	1.36	1.33	1.17	1.09	1.12	1.23	1.28	1.24	1.22	1.22	1.24
Compound Leverage Factor	0.29	1.24	1.09	1.13	1.16	1.15	1.19	1.33	2.12	-106.85	-0.47
Debt to Total Capital	18.70%	16.98%	0.00%	0.13%	3.78%	15.51%	14.75%	12.59%	11.89%	11.61%	10.60%
Short-Term Debt to Total Capital	0.88%	1.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	17.82%	15.38%	0.00%	0.13%	3.78%	15.51%	14.75%	12.59%	11.89%	11.61%	10.60%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.40%
Common Equity to Total Capital	81.30%	83.02%	100.00%	99.87%	96.22%	84.49%	85.25%	87.41%	88.11%	88.39%	89.00%
Debt to EBITDA	3.78	1.54	0.00	0.01	0.26	2.11	1.54	1.47	2.01	3.76	3.06
Net Debt to EBITDA	-0.88	-1.09	0.00	-2.76	-1.86	-5.92	-4.43	-5.93	-8.57	-13.97	-2.28
Long-Term Debt to EBITDA	3.61	1.39	0.00	0.01	0.26	2.11	1.54	1.47	2.01	3.76	3.06
Debt to NOPAT	-23.09	3.75	0.00	0.02	0.46	4.07	3.16	2.89	4.69	319.68	-59.11
Net Debt to NOPAT	5.35	-2.65	0.00	-4.82	-3.23	-11.42	-9.07	-11.62	-20.02	-1,188.97	44.05
Long-Term Debt to NOPAT	-22.00	3.40	0.00	0.02	0.46	4.07	3.16	2.89	4.69	319.68	-59.11
Altman Z-Score	8.15	7.93	30.16	26.61	30.66	15.43	13.47	13.74	14.95	11.56	8.64
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.23%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.49	4.05	8.78	7.87	5.79	11.75	11.78	13.91	12.01	8.96	2.84
Quick Ratio	3.42	3.97	8.68	7.72	5.62	11.67	11.67	13.74	11.86	8.82	2.50
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-157	139	117	-254	-237	95	47	324	-11	-748	-3,784
Operating Cash Flow to CapEx	398.66%	1,069.18%	958.01%	1,132.08%	990.93%	1,005.45%	249.44%	751.49%	342.79%	61.71%	110.54%
Free Cash Flow to Firm to Interest Expense	-16.68	13.87	9.17	-2,882.41	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	14.85	20.03	18.33	3,812.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	11.13	18.16	16.42	3,475.30	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.34	0.39	0.38	0.39	0.39	0.31	0.27	0.28	0.28	0.30	0.33
Accounts Receivable Turnover	18.03	18.86	17.64	15.88	15.43	16.91	17.00	15.66	14.28	14.48	15.39
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	8.78	9.53	11.22	14.21	14.67	14.19	9.78	0.00	0.00	0.00	0.00
Accounts Payable Turnover	20.66	16.44	21.25	34.63	41.42	26.44	18.81	16.29	19.01	15.93	15.95
Days Sales Outstanding (DSO)	20.25	19.35	20.69	22.98	23.66	21.58	21.48	23.31	25.56	25.21	23.72
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	17.66	22.21	17.17	10.54	8.81	13.81	19.40	22.41	19.20	22.91	22.88
Cash Conversion Cycle (CCC)	2.59	-2.86	3.52	12.44	14.84	7.78	2.07	0.89	6.37	2.30	0.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,483	1,434	1,446	1,929	2,459	2,606	2,872	2,891	3,113	3,864	7,631
Invested Capital Turnover	0.50	0.57	0.67	0.71	0.64	0.66	0.71	0.76	0.82	0.78	0.56
Increase / (Decrease) in Invested Capital	142	-49	12	483	529	148	266	19	222	751	3,767
Enterprise Value (EV)	6,633	5,905	9,512	11,179	20,972	33,664	28,373	27,450	31,461	25,660	27,795
Market Capitalization	6,715	6,144	10,733	12,286	21,919	36,433	31,212	31,429	35,687	29,349	28,498
Book Value per Share	$47.52	$50.75	$73.35	$82.98	$92.96	$136.37	$14.46	$16.89	$17.97	$18.43	$19.66
Tangible Book Value per Share	$1.62	$6.24	$32.78	$30.79	$30.09	$68.82	$7.48	$10.39	$11.36	$11.20	$3.82
Total Capital	1,899	1,993	2,651	3,026	3,539	6,362	6,700	7,859	8,329	8,545	9,364
Total Debt	355	338	0.00	4.00	134	987	988	989	991	992	993
Total Long-Term Debt	338	306	0.00	4.00	134	987	988	989	991	992	993
Net Debt	-82	-239	-1,222	-1,106	-947	-2,769	-2,839	-3,979	-4,225	-3,689	-740
Capital Expenditures (CapEx)	35	19	24	30	46	48	188	64	143	636	389
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-68	-63	-70	-41	-79	-198	-178	-155	-196	-283	-360
Debt-free Net Working Capital (DFNWC)	354	504	1,141	1,059	992	3,558	3,649	4,813	5,020	4,398	1,373
Net Working Capital (NWC)	337	473	1,141	1,059	992	3,558	3,649	4,813	5,020	4,398	1,373
Net Nonoperating Expense (NNE)	-12	5.13	6.51	-8.77	-22	15	20	-27	-164	-136	-24
Net Nonoperating Obligations (NNO)	-61	-220	-1,205	-1,093	-947	-2,769	-2,839	-3,979	-4,225	-3,689	-740
Total Depreciation and Amortization (D&A)	82	73	66	127	135	179	205	216	205	266	404
Debt-free, Cash-free Net Working Capital to Revenue	-9.50%	-7.50%	-7.27%	-3.46%	-5.62%	-11.95%	-9.14%	-7.09%	-7.97%	-10.35%	-11.09%
Debt-free Net Working Capital to Revenue	49.76%	60.22%	118.24%	88.87%	70.88%	214.44%	187.72%	220.55%	204.49%	160.73%	42.29%
Net Working Capital to Revenue	47.41%	56.41%	118.24%	88.87%	70.88%	214.44%	187.72%	220.55%	204.49%	160.73%	42.29%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.01)	$0.26	$0.00	$0.00	$0.00	$0.00	$0.75	$0.93	$0.92	$0.34	$0.02
Adjusted Weighted Average Basic Shares Outstanding	319.50M	321.67M	0.00	0.00	0.00	0.00	392.21M	396.28M	405.30M	406.30M	416.80M
Adjusted Diluted Earnings per Share	($0.01)	$0.26	$0.00	$0.00	$0.00	$0.00	$0.74	$0.93	$0.92	$0.34	$0.02
Adjusted Weighted Average Diluted Shares Outstanding	319.50M	324.36M	0.00	0.00	0.00	0.00	394.16M	397.75M	406.90M	407.80M	420.70M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	325.14M	326.00M	0.00	0.00	0.00	0.00	394.99M	406.77M	408.41M	410.13M	419.79M
Normalized Net Operating Profit after Tax (NOPAT)	8.02	90	129	230	293	242	313	343	211	3.10	-50
Normalized NOPAT Margin	1.13%	10.77%	13.39%	19.26%	20.92%	14.61%	16.11%	15.70%	8.60%	0.11%	-1.55%
Pre Tax Income Margin	0.36%	16.32%	17.10%	23.83%	27.93%	16.33%	20.78%	22.29%	20.42%	7.68%	0.92%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.27	14.64	13.89	3,108.68	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-1.63	9.01	10.09	2,608.68	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-2.45	12.77	11.98	2,771.95	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-5.36	7.13	8.18	2,271.95	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7,142.86%

This table displays calculated financial ratios and metrics derived from CoStar Group's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	419,793,301.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	419,793,301.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.01
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.17%	11.63%	12.32%	11.87%	10.87%	10.84%	11.55%	15.27%	20.36%	26.89%	22.54%
EBITDA Growth	-25.07%	-27.51%	-86.44%	-60.40%	-23.01%	-15.34%	105.49%	80.89%	-53.20%	48.37%	245.45%
EBIT Growth	-28.39%	-42.45%	-161.40%	-122.08%	-64.41%	-48.29%	-1.12%	38.07%	-424.89%	28.76%	104.44%
NOPAT Growth	-26.89%	-49.19%	-146.12%	-114.25%	-65.10%	-44.30%	-20.15%	9.33%	-321.27%	31.74%	102.49%
Net Income Growth	25.33%	-22.44%	-92.31%	-80.90%	-41.50%	-38.03%	-320.90%	-67.71%	-158.30%	-22.63%	120.00%
EPS Growth	22.22%	-22.58%	-90.48%	-80.00%	-40.91%	-41.67%	-300.00%	-80.00%	-153.85%	-14.29%	125.00%
Operating Cash Flow Growth	-47.72%	-19.78%	13.31%	-66.84%	135.45%	-36.30%	-61.89%	152.15%	-32.00%	70.63%	186.79%
Free Cash Flow Firm Growth	90.13%	-313.24%	-4,696.89%	-806.35%	-19,735.56%	-321.38%	-320.46%	-255.57%	-629.41%	-416.31%	-0.50%
Invested Capital Growth	1.68%	7.68%	16.63%	20.16%	19.34%	24.13%	62.18%	60.32%	113.88%	97.49%	39.10%
Revenue Q/Q Growth	3.10%	2.45%	2.56%	3.26%	2.18%	2.43%	3.21%	6.71%	6.69%	7.95%	-0.32%
EBITDA Q/Q Growth	-11.94%	11.81%	-87.17%	213.41%	71.21%	22.95%	-68.85%	166.77%	-54.51%	289.98%	-28.53%
EBIT Q/Q Growth	-22.08%	17.71%	-161.11%	60.63%	225.57%	71.04%	-219.58%	75.89%	-558.72%	166.71%	-95.82%
NOPAT Q/Q Growth	-23.33%	8.80%	-149.47%	65.47%	287.75%	73.64%	-206.73%	73.94%	-358.15%	204.81%	-98.00%
Net Income Q/Q Growth	-9.85%	6.51%	-93.06%	186.57%	176.04%	12.83%	-124.75%	141.89%	-598.39%	250.49%	-93.55%
EPS Q/Q Growth	-12.00%	9.09%	-91.67%	150.00%	160.00%	7.69%	-128.57%	125.00%	-800.00%	271.43%	-91.67%
Operating Cash Flow Q/Q Growth	-75.68%	248.59%	-6.00%	-58.38%	72.63%	-5.68%	-43.76%	175.38%	-53.45%	137.68%	-6.23%
Free Cash Flow Firm Q/Q Growth	-103.37%	-5,996.24%	-195.60%	-16.39%	5.42%	-29.51%	-194.93%	1.57%	-94.01%	8.43%	42.52%
Invested Capital Q/Q Growth	2.94%	4.81%	8.63%	2.53%	2.24%	9.01%	41.93%	1.35%	36.40%	0.65%	-0.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	80.20%	78.72%	78.49%	79.96%	79.70%	80.14%	79.06%	78.52%	79.34%	78.59%	78.15%
EBITDA Margin	18.30%	19.97%	2.50%	7.58%	12.71%	15.25%	4.60%	11.51%	4.91%	17.72%	12.71%
Operating Margin	9.86%	10.84%	-6.52%	-2.38%	3.42%	5.62%	-5.85%	-3.48%	-6.13%	5.46%	0.33%
EBIT Margin	9.94%	11.42%	-6.81%	-2.60%	3.19%	5.33%	-6.17%	-1.40%	-8.61%	5.32%	0.22%
Profit (Net Income) Margin	14.50%	15.08%	1.02%	2.83%	7.65%	8.43%	-2.02%	0.79%	-3.71%	5.17%	0.33%
Tax Burden Percent	75.19%	72.61%	58.26%	53.48%	68.21%	70.35%	220.90%	28.70%	67.47%	76.35%	25.00%
Interest Burden Percent	194.04%	181.81%	-25.73%	-203.98%	351.58%	224.87%	14.82%	-198.17%	63.79%	127.14%	600.00%
Effective Tax Rate	24.81%	27.39%	41.74%	46.52%	31.79%	29.65%	0.00%	71.30%	0.00%	23.65%	75.00%
Return on Invested Capital (ROIC)	6.01%	6.44%	-3.06%	-1.04%	1.91%	3.10%	-2.60%	-0.65%	-2.36%	2.35%	0.04%
ROIC Less NNEP Spread (ROIC-NNEP)	7.51%	5.31%	-2.05%	-0.16%	3.04%	2.30%	-2.25%	-0.34%	-1.97%	1.95%	0.13%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-3.07%	0.00%	0.00%	0.00%	-1.22%	0.00%	0.00%	-0.57%	-0.54%	0.08%
Return on Equity (ROE)	0.00%	3.37%	0.00%	0.00%	0.00%	1.88%	0.00%	0.00%	-2.93%	1.81%	0.13%
Cash Return on Invested Capital (CROIC)	7.14%	-0.37%	-11.40%	-16.71%	-16.92%	-21.44%	-47.37%	-46.42%	-73.11%	-65.83%	-32.91%
Operating Return on Assets (OROA)	2.80%	3.24%	-1.96%	-0.76%	0.95%	1.60%	-1.78%	-0.42%	-2.64%	1.75%	0.07%
Return on Assets (ROA)	4.08%	4.27%	0.29%	0.83%	2.28%	2.54%	-0.58%	0.24%	-1.14%	1.70%	0.11%
Return on Common Equity (ROCE)	0.00%	3.37%	0.00%	0.00%	0.00%	1.88%	0.00%	0.00%	0.00%	1.81%	0.00%
Return on Equity Simple (ROE_SIMPLE)	5.58%	0.00%	4.01%	2.88%	2.34%	0.00%	1.37%	1.21%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	46	50	-25	-8.61	16	28	-30	-7.81	-36	37	0.75
NOPAT Margin	7.41%	7.87%	-3.80%	-1.27%	2.33%	3.96%	-4.09%	-1.00%	-4.29%	4.17%	0.08%
Net Nonoperating Expense Percent (NNEP)	-1.50%	1.12%	-1.01%	-0.88%	-1.13%	0.80%	-0.34%	-0.31%	-0.39%	0.41%	-0.09%
Return On Investment Capital (ROIC_SIMPLE)	-	0.61%	-	-	-	0.33%	-3.02%	-0.79%	-0.37%	0.40%	0.01%
Cost of Revenue to Revenue	19.80%	21.28%	21.51%	20.04%	20.30%	19.86%	20.94%	21.48%	20.66%	21.41%	21.85%
SG&A Expenses to Revenue	15.11%	16.72%	15.01%	16.21%	15.28%	17.61%	19.27%	15.64%	18.83%	14.30%	14.05%
R&D to Revenue	10.87%	10.89%	12.55%	11.74%	11.70%	11.60%	12.91%	12.43%	12.64%	12.11%	12.71%
Operating Expenses to Revenue	70.34%	67.88%	85.01%	82.34%	76.28%	74.51%	84.91%	82.00%	85.47%	73.13%	77.81%
Earnings before Interest and Taxes (EBIT)	62	73	-45	-18	22	38	-45	-11	-72	48	2.00
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	114	128	16	51	88	108	34	90	41	160	114
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	4.86	0.00	0.00	0.00	3.89	0.00	0.00	0.00	3.42	0.00
Price to Tangible Book Value (P/TBV)	0.00	7.69	0.00	0.00	0.00	6.39	0.00	0.00	0.00	17.60	0.00
Price to Revenue (P/Rev)	13.15	14.54	15.61	11.65	11.59	10.73	11.56	11.63	11.69	8.78	4.96
Price to Earnings (P/E)	77.98	95.24	134.04	142.13	176.26	211.60	277.25	325.52	1,760.76	4,071.12	677.38
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.28%	1.05%	0.75%	0.70%	0.57%	0.47%	0.36%	0.31%	0.06%	0.02%	0.15%
Enterprise Value to Invested Capital (EV/IC)	9.14	10.11	10.49	7.60	7.61	6.64	5.36	5.55	4.58	3.64	2.18
Enterprise Value to Revenue (EV/Rev)	11.37	12.82	14.04	10.14	10.11	9.38	10.46	10.59	11.36	8.56	4.88
Enterprise Value to EBITDA (EV/EBITDA)	50.17	63.84	91.39	85.02	95.10	97.20	104.60	96.04	126.22	85.79	41.11
Enterprise Value to EBIT (EV/EBIT)	79.50	109.36	208.50	361.40	819.77	0.00	0.00	8,125.55	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	104.71	149.10	285.78	516.04	1,159.99	8,270.02	10,250.18	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	51.62	64.27	70.15	67.76	60.40	65.36	96.09	78.25	95.75	64.64	31.48
Enterprise Value to Free Cash Flow (EV/FCFF)	129.18	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.14	0.00	0.00	0.00	0.13	0.00	0.00	0.12	0.12	0.13
Long-Term Debt to Equity	0.00	0.14	0.00	0.00	0.00	0.13	0.00	0.00	0.12	0.12	0.13
Financial Leverage	0.00	-0.58	0.00	0.00	0.00	-0.53	0.00	0.00	0.29	-0.28	0.65
Leverage Ratio	0.00	1.22	0.00	0.00	0.00	1.22	0.00	0.00	2.31	1.24	2.59
Compound Leverage Factor	0.00	2.22	0.00	0.00	0.00	2.74	0.00	0.00	1.48	1.58	15.54
Debt to Total Capital	100.00%	11.89%	100.00%	100.00%	100.00%	11.61%	100.00%	100.00%	10.32%	10.60%	11.11%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	100.00%	11.89%	100.00%	100.00%	100.00%	11.61%	100.00%	100.00%	10.32%	10.60%	11.11%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.08%	0.40%	0.42%
Common Equity to Total Capital	0.00%	88.11%	0.00%	0.00%	0.00%	88.39%	0.00%	0.00%	0.00%	89.00%	0.00%
Debt to EBITDA	1.83	2.01	2.55	3.20	3.50	3.76	3.53	3.09	3.61	3.06	2.45
Net Debt to EBITDA	-7.83	-8.57	-10.20	-12.68	-13.91	-13.97	-10.92	-9.46	-3.79	-2.28	-0.80
Long-Term Debt to EBITDA	1.83	2.01	2.55	3.20	3.50	3.76	3.53	3.09	3.61	3.06	2.45
Debt to NOPAT	3.82	4.69	7.98	19.41	42.64	319.68	345.66	-264.32	-32.59	-59.11	-74.93
Net Debt to NOPAT	-16.35	-20.02	-31.90	-76.94	-169.72	-1,188.97	-1,070.07	810.29	34.20	44.05	24.27
Long-Term Debt to NOPAT	3.82	4.69	7.98	19.41	42.64	319.68	345.66	-264.32	-32.59	-59.11	-74.93
Altman Z-Score	13.06	14.87	14.87	11.76	12.17	11.57	11.09	11.36	10.21	8.68	5.04
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	100.00%	0.23%	100.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	13.31	12.01	9.09	9.27	9.63	8.96	6.01	5.83	3.12	2.84	2.20
Quick Ratio	13.13	11.86	8.97	9.12	9.49	8.82	5.76	5.58	2.83	2.50	1.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2.81	-172	-507	-590	-558	-723	-2,133	-2,099	-4,073	-3,730	-2,144
Operating Cash Flow to CapEx	197.22%	222.31%	36.71%	63.02%	115.82%	120.51%	67.26%	97.15%	74.70%	243.76%	281.48%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.28	0.28	0.29	0.29	0.30	0.30	0.29	0.30	0.31	0.33	0.33
Accounts Receivable Turnover	14.02	14.28	13.33	13.50	14.35	14.48	13.91	14.31	14.47	15.39	14.34
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	6.73	0.00	4.50	0.00	0.00	0.00	2.98	0.00	0.00	0.00	2.77
Accounts Payable Turnover	16.21	19.01	7.07	6.61	10.04	15.93	7.49	7.90	9.69	15.95	18.76
Days Sales Outstanding (DSO)	26.03	25.56	27.38	27.04	25.43	25.21	26.25	25.51	25.23	23.72	25.46
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	22.51	19.20	51.63	55.25	36.34	22.91	48.71	46.19	37.67	22.88	19.45
Cash Conversion Cycle (CCC)	3.51	6.37	-24.24	-28.22	-10.91	2.30	-22.47	-20.67	-12.44	0.84	6.01
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,970	3,113	3,382	3,467	3,545	3,864	5,485	5,559	7,582	7,631	7,629
Invested Capital Turnover	0.81	0.82	0.80	0.82	0.82	0.78	0.63	0.65	0.55	0.56	0.52
Increase / (Decrease) in Invested Capital	49	222	482	582	575	751	2,103	2,091	4,037	3,767	2,144
Enterprise Value (EV)	27,157	31,461	35,487	26,346	26,970	25,660	29,423	30,877	34,710	27,795	16,650
Market Capitalization	31,397	35,687	39,448	30,275	30,917	29,349	32,494	33,920	35,743	28,498	16,934
Book Value per Share	$0.00	$17.97	$0.00	$0.00	$0.00	$18.43	$0.00	$0.00	$0.00	$19.66	$0.00
Tangible Book Value per Share	($6.34)	$11.36	($6.78)	($6.68)	($6.64)	$11.20	($11.29)	($10.92)	($15.96)	$3.82	($15.97)
Total Capital	990	8,329	991	991	992	8,545	992	993	9,617	9,364	8,945
Total Debt	990	991	991	991	992	992	992	993	993	993	994
Total Long-Term Debt	990	991	991	991	992	992	992	993	993	993	994
Net Debt	-4,240	-4,225	-3,961	-3,928	-3,946	-3,689	-3,072	-3,043	-1,042	-740	-322
Capital Expenditures (CapEx)	22	67	380	92	87	79	79	151	91	67	54
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-144	-196	-309	-274	-282	-283	-435	-446	-400	-360	-387
Debt-free Net Working Capital (DFNWC)	5,086	5,020	4,642	4,646	4,656	4,398	3,629	3,589	1,635	1,373	929
Net Working Capital (NWC)	5,086	5,020	4,642	4,646	4,656	4,398	3,629	3,589	1,635	1,373	929
Net Nonoperating Expense (NNE)	-44	-46	-32	-28	-37	-32	-15	-14	-4.87	-9.01	-2.25
Net Nonoperating Obligations (NNO)	2,970	-4,225	3,382	3,467	3,545	-3,689	5,485	5,559	-1,042	-740	-322
Total Depreciation and Amortization (D&A)	52	55	61	69	66	70	79	101	113	112	112
Debt-free, Cash-free Net Working Capital to Revenue	-6.04%	-7.97%	-12.24%	-10.54%	-10.57%	-10.35%	-15.47%	-15.30%	-13.09%	-11.09%	-11.34%
Debt-free Net Working Capital to Revenue	212.94%	204.49%	183.71%	178.75%	174.58%	160.73%	129.05%	123.10%	53.48%	42.29%	27.23%
Net Working Capital to Revenue	212.94%	204.49%	183.71%	178.75%	174.58%	160.73%	129.05%	123.10%	53.48%	42.29%	27.23%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.22	$0.23	$0.02	$0.05	$0.13	$0.14	($0.04)	$0.01	($0.07)	$0.12	$0.01
Adjusted Weighted Average Basic Shares Outstanding	405.65M	405.30M	405.60M	406M	406.80M	406.30M	410.50M	419.60M	419.90M	416.80M	413M
Adjusted Diluted Earnings per Share	$0.22	$0.24	$0.02	$0.05	$0.13	$0.14	($0.04)	$0.01	($0.07)	$0.12	$0.01
Adjusted Weighted Average Diluted Shares Outstanding	407.23M	406.90M	407.30M	407.40M	408M	407.80M	410.50M	424.30M	419.90M	420.70M	414M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	408.36M	408.41M	408.34M	409.82M	409.96M	410.13M	421.89M	423.65M	423.82M	419.79M	408.36M
Normalized Net Operating Profit after Tax (NOPAT)	46	50	-25	-8.61	16	28	-30	-19	-36	37	2.10
Normalized NOPAT Margin	7.41%	7.87%	-3.80%	-1.27%	2.33%	3.96%	-4.09%	-2.44%	-4.29%	4.17%	0.23%
Pre Tax Income Margin	19.29%	20.77%	1.75%	5.30%	11.22%	11.98%	-0.92%	2.76%	-5.49%	6.77%	1.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7,142.86%	3,944.00%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaway points for CoStar Group, Inc. (CSGP) based on quarterly data from the last four years. The focus is on revenue trends, profitability, cash flow, and balance sheet signals that could matter to retail investors.

Revenue growth in 2025: Q4 2025 operating revenue was 899.9M, up from 709.4M in Q4 2024 — roughly a 27% year-over-year increase, signaling stronger top-line momentum.
Improving quarterly EPS in latest quarter: Diluted earnings per share rose to 0.12 in Q4 2025 from 0.07 in Q3 2025, reflecting a margin recovery in the latest period.
Profitability held in 2025 despite swings: While some quarters show negative operating income, the company delivered positive net income attributable to common shareholders in Q4 2025 (46.5M) and posted positive annual earnings in several periods as revenue grew.
Healthy cash generation from operations: Net cash from continuing operating activities was robust in recent quarters (e.g., 162.1M in Q4 2025 and 146.5M in Q2 2025), indicating solid cash generation to support growth and payables.
Strong liquidity and cash reserves: Cash & equivalents were about 1.93B at the end of Q3 2025, providing substantial liquidity for operations and opportunistic investments.
Low leverage relative to equity: Long-term debt was around 993M in Q3 2025, with total equity near 8.6B, suggesting modest leverage vs. a large equity base.
Asset base includes large goodwill and intangibles: Goodwill (~4.92B) and intangible assets (~1.84B) as of mid-2025 reflect a sizable asset base likely formed through acquisitions, which is a neutral factor that may warrant impairment monitoring.
Share count and earnings mix are relatively stable: Weighted average basic shares around 416-421M across recent quarters, with EPS reflecting ongoing shifts between quarters as revenue grows and expenses evolve.
Quarterly operating income can dip into negatives: Q3 2025 shows negative operating income (-51.1M), illustrating ongoing margin pressure pockets even as revenue climbs.
Significant cash outflows tied to financing activities in some quarters: In Q4 2025, substantial share repurchases (385M) and related financing actions contributed to a large negative net change in cash (−301.8M), which reduces cash on hand despite strong operating cash flow.

05/05/26 04:30 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About CoStar Group's Financials

When does CoStar Group's fiscal year end?

According to the most recent income statement we have on file, CoStar Group's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has CoStar Group's net income changed over the last 10 years?

CoStar Group's net income appears to be on an upward trend, with a most recent value of $7 million in 2025, falling from -$3.47 million in 2015. The previous period was $139 million in 2024. View CoStar Group's forecast to see where analysts expect CoStar Group to go next.

What is CoStar Group's operating income?

CoStar Group's total operating income in 2025 was -$72 million, based on the following breakdown:

Total Gross Profit: $2.56 billion
Total Operating Expenses: $2.63 billion

How has CoStar Group's revenue changed over the last 10 years?

Over the last 10 years, CoStar Group's total revenue changed from $711.76 million in 2015 to $3.25 billion in 2025, a change of 356.2%.

How much debt does CoStar Group have?

CoStar Group's total liabilities were at $2.17 billion at the end of 2025, a 27.2% increase from 2024, and a 304.4% increase since 2015.

How much cash does CoStar Group have?

In the past 10 years, CoStar Group's cash and equivalents has ranged from $421.82 million in 2015 to $5.22 billion in 2023, and is currently $1.63 billion as of their latest financial filing in 2025.

How has CoStar Group's book value per share changed over the last 10 years?

Over the last 10 years, CoStar Group's book value per share changed from 47.52 in 2015 to 19.66 in 2025, a change of -58.6%.

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Financial statements for NASDAQ:CSGP last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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