Costar Group IncCostar Group Inc
Costar Group Inc

Costar Group Inc

CSGP
Real Estate·Real Estate Management & Development

CoStar Group, Inc. engages in the provision of online real estate marketplaces, information, and analytics in the commercial and residential property markets. It operates through the following segments: CoStar Portfolio, Information Services Portfolio, Multifamily Portfolio, LoopNet Portfolio, and Other Marketplaces Portfolio. The CoStar Portfolio segment consists of two classes of trade receivables based on geographical location: North America and International. The Information Services Portfolio segment includes four classes of trade receivables: CoStar Real Estate Manager, Hospitality, North America, Hospitality, International, and other Information Services. The Multifamily Portfolio, LoopNet Portfolio, and Other Marketplaces Portfolio segments focus on one class of trade receivables. The company was founded by Andrew C. Florance and Michael R. Klein in 1987 and is headquartered in Arlington, VA.

District Of Columbia; U.S.A
Market cap
No dataNo data
Revenue
$3.2B+18.7% YoY
Net income
$7M−95.0% YoY
Free cash flow
$123M+166.0% YoY

Market

Listed stock
CSGPPriceNasdaq
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Financial performance

Revenue
$3.2B+18.7% YoY
Operating income
$-72M−1631.9% YoY
Net income
$7M−95.0% YoY
Free cash flow
$123M+166.0% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $1.9B, 2022 $2.2B, 2023 $2.5B, 2024 $2.7B, 2025 $3.2B. Operating income: 2021 $432.3M, 2022 $450.9M, 2023 $282.3M, 2024 $4.7M, 2025 $-72M. Net income: 2021 $292.6M, 2022 $369.5M, 2023 $374.7M, 2024 $138.7M, 2025 $7M. Free cash flow: 2021 $346M, 2022 $443.5M, 2023 $372M, 2024 $-186.4M, 2025 $123M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
18.7%+721 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $432.3M, 2022-12-31 $450.9M, 2023-12-31 $282.3M, 2024-12-31 $4.7M, 2025-12-31 $-72M. Net income: 2021-12-31 $292.6M, 2022-12-31 $369.5M, 2023-12-31 $374.7M, 2024-12-31 $138.7M, 2025-12-31 $7M. Free cash flow: 2021-12-31 $346M, 2022-12-31 $443.5M, 2023-12-31 $372M, 2024-12-31 $-186.4M, 2025-12-31 $123M

Growth heatmap

2022202320242025CAGR
Revenue
+12.3%
+12.5%
+11.5%
+18.7%
+13.7%
Gross profit
+11.4%
+11.0%
+10.9%
+17.6%
+12.7%
Operating income
+4.3%
-37.4%
-98.3%
-1631.9%
No data
Free cash flow
+28.2%
-16.1%
-150.1%
+166.0%
-22.8%

Earnings quality

Operating cash flow
$430M+9.5% YoY
Net income
$7M−95.0% YoY
Free cash flow
$123M+166.0% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 6143%, 2024-12-31 283%, 2023-12-31 131%, 2022-12-31 130%, 2021-12-31 161%. Free cash flow: 2025-12-31 1757%, 2024-12-31 -134%, 2023-12-31 99%, 2022-12-31 120%, 2021-12-31 118%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
No data
Price to sales
No data
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No data
No data
EV / EBITDA
No data
No data
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Free cash flow yield
No data
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No data
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