CSGP · Costar Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $3.25B | $2.74B | $2.46B | $2.18B | $1.94B | $1.66B |
| Cost of Revenue | $686.00M | $558.50M | $491.50M | $414.01M | $357.24M | $308.97M |
| Gross Profit | $2.56B | $2.18B | $1.96B | $1.77B | $1.59B | $1.35B |
| R&D | - | - | - | - | - | - |
| SG&A | $549.00M | $439.10M | $381.50M | $338.74M | $256.71M | $299.70M |
| Total Operating Expenses | $2.63B | $2.17B | $1.68B | $1.32B | $1.15B | $1.06B |
| D&A | $263.00M | $146.90M | $107.50M | $137.88M | $139.56M | $116.94M |
| Operating Income | ($72.00M) | $4.70M | $282.30M | $450.95M | $432.34M | $289.20M |
| Interest Expense | $28.00M | $28.00M | $31.40M | $32.33M | $32.32M | $21.79M |
| Income Tax | $23.00M | $71.40M | $126.60M | $117.00M | $111.40M | $43.85M |
| Net Income | $7.00M | $138.70M | $374.70M | $369.45M | $292.56M | $227.13M |
| EPS - Basic | $0.02 | $0.34 | $0.92 | $0.93 | $0.75 | $0.60 |
| EPS - Diluted | $0.02 | $0.34 | $0.92 | $0.93 | $0.74 | $0.59 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.63B | $4.70B | $5.20B | $5.00B | $3.83B | $3.69B |
| Accounts Receivable | $234.00M | $187.90M | $190.00M | $153.94M | $124.82M | $103.95M |
| Inventory | $6.00M | - | - | - | - | - |
| Accounts Payable | $42.00M | $47.00M | $23.10M | $28.46M | $22.24M | $15.73M |
| Current Assets | $2.12B | $4.95B | $5.48B | $5.19B | $3.99B | $3.89B |
| Total Assets | $10.54B | $9.26B | $8.92B | $8.40B | $7.26B | $6.92B |
| Current Liabilities | $746.00M | $552.30M | $455.80M | $372.62M | $338.69M | $330.85M |
| Long-term Debt | $993.00M | $991.90M | $990.50M | $989.21M | $987.94M | $986.72M |
| Total Liabilities | $2.17B | $1.70B | $1.58B | $1.53B | $1.55B | $1.54B |
| Stockholders' Equity | $8.33B | $7.55B | $7.34B | $6.87B | $5.71B | $5.38B |
| Retained Earnings | $2.35B | $2.34B | $2.20B | $1.83B | $1.46B | $1.17B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $430.00M | $392.60M | $489.50M | $478.62M | $469.73M | $486.11M |
| Investing Cash Flow | ($2.82B) | ($912.90M) | ($238.60M) | ($69.06M) | ($381.34M) | ($464.16M) |
| Financing Cash Flow | ($559.00M) | ($13.70M) | ($3.70M) | $733.98M | ($15.68M) | $2.66B |
| CapEx | $307.00M | $579.00M | $117.50M | $35.17M | $0 | $48.35M |
| Free Cash Flow | $123.00M | ($186.40M) | $372.00M | $443.45M | $469.73M | $437.76M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 78.9% | 79.6% | 80.0% | 81.0% | 81.6% | 81.4% |
| Operating margin | -2.2% | 0.2% | 11.5% | 20.7% | 22.2% | 17.4% |
| EBITDA margin | 5.9% | 5.5% | 15.9% | 27.0% | 29.4% | 24.5% |
| Net margin | 0.2% | 5.1% | 15.3% | 16.9% | 15.0% | 13.7% |
| Free cash flow margin | 3.8% | -6.8% | 15.2% | 20.3% | 24.2% | 26.4% |
| FCF / Net income | 17.57 | -1.34 | 0.99 | 1.20 | 1.61 | 1.93 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 16.9% | 16.0% | 15.5% | 15.5% | 13.2% | 18.1% |
| Effective tax rate | 76.7% | 34.0% | 25.3% | 24.1% | 27.6% | 16.2% |
| Return on assets | 0.1% | 1.5% | 4.2% | 4.4% | 4.0% | 3.3% |
| Return on equity | 0.1% | 1.8% | 5.1% | 5.4% | 5.1% | 4.2% |
| Return on invested capital | -0.4% | 0.0% | 2.5% | 4.4% | 4.7% | 3.8% |
| Liquidity | ||||||
| Current ratio | 2.84 | 8.96 | 12.01 | 13.92 | 11.78 | 11.75 |
| Quick ratio | 2.83 | 8.96 | 12.01 | 13.92 | 11.78 | 11.75 |
| Cash ratio | 2.19 | 8.51 | 11.41 | 13.42 | 11.30 | 11.16 |
| Leverage | ||||||
| Debt / Equity | 0.12 | 0.13 | 0.13 | 0.14 | 0.17 | 0.18 |
| Debt / Assets | 0.09 | 0.11 | 0.11 | 0.12 | 0.14 | 0.14 |
| Debt / EBITDA | 5.20 | 6.54 | 2.54 | 1.68 | 1.73 | 2.43 |
| Interest coverage | -2.6x | 0.2x | 9.0x | 14.0x | 13.4x | 13.3x |
| Equity multiplier | 1.26 | 1.23 | 1.22 | 1.22 | 1.27 | 1.29 |
| Liabilities / Assets | 0.21 | 0.18 | 0.18 | 0.18 | 0.21 | 0.22 |
| Efficiency | ||||||
| Asset turnover | 0.31 | 0.30 | 0.28 | 0.26 | 0.27 | 0.24 |
| Inventory turnover | 114.33 | - | - | - | - | - |
| Days sales outstanding | 26d | 25d | 28d | 26d | 23d | 23d |
| Days inventory outstanding | 3d | - | - | - | - | - |
| Days payable outstanding | 22d | 31d | 17d | 25d | 23d | 19d |
| Cash conversion cycle | 7d | - | - | - | - | - |
| Valuation | ||||||
| P / E | 3362.0x | 210.6x | 95.0x | 83.1x | 106.8x | 155.9x |
| P / B | 3.4x | 3.9x | 4.8x | 4.5x | 5.5x | 0.7x |
| P / S | 8.7x | 10.7x | 14.5x | 14.1x | 16.0x | 2.1x |
| EV / EBITDA | 144.8x | 168.1x | 80.4x | 45.4x | 49.5x | 2.1x |
| Growth | ||||||
| Revenue growth (YoY) | 18.7% | 11.5% | 12.5% | 12.3% | 17.2% | 18.5% |
| Revenue CAGR (3y) | 14.2% | 12.1% | 14.0% | 16.0% | 32.4% | 19.8% |
| Revenue CAGR (5y) | 14.4% | 14.3% | 24.0% | 17.7% | 18.3% | 18.4% |
| Gross profit growth (YoY) | 17.6% | 10.9% | 11.0% | 11.4% | 17.5% | 21.6% |
| Operating income growth (YoY) | - | -98.3% | -37.4% | 4.3% | 49.5% | -20.4% |
| Net income growth (YoY) | -95.0% | -63.0% | 1.4% | 26.3% | 28.8% | -27.9% |
| EPS growth (YoY) | -94.1% | -63.0% | -1.1% | 25.7% | 24.8% | -93.1% |
| EPS CAGR (3y) | -72.2% | -22.8% | 15.8% | -52.4% | -51.6% | -45.5% |
| EPS CAGR (5y) | -49.2% | -47.6% | -32.4% | -24.0% | -22.3% | - |
| FCF growth (YoY) | - | - | -16.1% | -5.6% | 7.3% | 6.4% |
| FCF CAGR (5y) | -22.4% | - | 4.0% | 16.1% | 21.5% | 35.4% |
| Book value growth (YoY) | 10.3% | 2.9% | 6.8% | 20.3% | 6.3% | 57.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$3.25B totalCommercial Real Estate Segment$1.79B · 55.0%
Residential Real Estate Segment$1.46B · 45.0%
Product / service
$1.79B totalCo Star$1.26B · 70.5%
Loop Net$312.00M · 17.5%
Product And Service Other$216.00M · 12.1%
Geographic
$350.00M totalNon Us$350.00M · 100.0%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.18
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Business Services, NEC
Comparing COSTAR GROUP against the 5 most active filers in the same SIC group.