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CSGP

NASDAQ · USD
CoStar Group, Inc.
Real Estate · Real Estate - Services
CEO Andrew C. Florance Employees 6,593 R&D / revenue 12.5%
Last price
$32.31+0.97%last session
Market cap
$13.1B
P/E (TTM)
175.9x
From 52w high
−59.1%
From 52w low
+24.8%
1-year return
−56.5%
RSI 14 · vs SMA200
67.7 · −15.5%
IS score
53.6/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

CSGP   SPY   XLRE (sector ETF) · weekly closes
406080100120Jan 26Apr 26Jul 26Oct 26SPY 116XLRE 101CSGP 43

Score DNA

Each bar is a 0-100 score within the scored universe
31
Profitability
38
Growth
53
Value
68
Momentum
90
Risk (safety)
69
Quality
78
Balance sheet
84
Earnings quality

Flags

Strengths
✓ Net cash✓ Insider buying✓ Congress buying
Warnings
None of the computed warning flags fires for CSGP (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Network EffectsPiotroski 5 / 9Altman Z 4.0Beta 0.754 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
3
$5.00M bought
Form 144 notices (12m): 2, $257,988 proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
3
Last disclosed purchase 2026-09-25
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
−37
116 new holders, 143 closed
756 filers hold 102.3% · 303 added, 261 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+135
599 funds adding shares
464 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
35.6%
20-day avg 38.8%, 50-day avg 45.5%
Latest 3.1 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$3.2B
Revenue growth YoY+18.7%
Gross margin75.2%
Operating income−$72.0M
Operating margin-2.2%
Net income$7.0M
Net margin0.2%
EPS (diluted)$0.02
Cash flow
Operating cash flow$430.0M
Capital expenditure$389.0M
Free cash flow$41.0M
FCF conversion (FCF / OCF)9.5%
Stock-based compensation$0
FCF less SBC$41.0M
Buybacks$575.0M
Dividends$0
Balance sheet & returns
Cash & short-term investments$1.7B
Total debt$1.0B
Net cash$712.0M
Shareholders' equity$8.4B
Goodwill & intangibles$6.7B
Debt / equity0.15
ROE (TTM)0.9%
ROIC (TTM)0.6%
Operating margin by fiscal year
22.2%FY202120.7%FY202211.5%FY20230.2%FY2024-2.2%FY2025
Revenue $1.9B (FY2021) to $3.2B (FY2025), a 13.7% CAGR.

Valuation

P/E (TTM)175.9x
EV / EBITDA31.2x
Price / sales3.68x
Price / FCF42.0x
FCF yield2.38%
Buyback yield4.39%
SBC / revenue4.2%
Price / book1.65x
Forward P/E FY202623.7x
Forward P/E FY202718.7x
Forward P/E FY202814.8x
Forward multiples divide today's price by Street EPS estimates. Street mean target $36.67 across 6 analysts last quarter is theirs, not ours.

CSGP vs industry median

128 companies in Real Estate - Services
Gross margin 76.5% 49.4% Operating margin 2.2% 5.7% Net margin 2.1% 0.2% ROIC 0.6% 3.2%
CSGP (TTM)Industry median Asset turnover 0.35 vs industry 0.19 · financial leverage 1.28

Earnings delivery

Next report 2026-10-27 · consensus EPS $0.34
92%
beat rate, 11 of 12 quarters
+22.7%
median EPS surprise
11
longest beat streak
+0+3+51+43+35+18+22+23+26+14+28+12
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-24 to 2026-07-28. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
CSGP CoStar Group, Inc. $13.1B175.9x0.9%2.1%+18.7% −56.5%
JLL Jones Lang LaSalle Incorpora $14.1B14.3x13.8%3.1%+11.2% +2.5%
COMP Compass, Inc. $6.9B85.0x3.6%2.1%+67.8% +24.9%
BPYPN Brookfield Property Partners $6.7Bn/m-2.8%-1.2%−9.5% +4.6%
FSV FirstService Corporation $6.2B38.8x13.0%3.1%+2.8% −25.8%
CIGI Colliers International Group $4.5B41.8x7.5%1.8%+16.7% —
CBRE CBRE Group, Inc. $38.5B30.3x15.6%1.8%+14.5% —
IHS IHS Holding Limited $2.9B20.6x-62.8%-2.1%−10.3% —
12-month window: SPY +15.9%, sector ETF XLRE +0.9%. Past returns describe history only.

Recent 8-K filings

2026-08-21Regulation FD; Exhibits
2026-07-28Earnings Release; Exhibits
2026-07-13Officer/Director Change; Regulation FD; Exhibits
2026-06-25Officer/Director Change; Shareholder Vote; Regulation FD; Exhibits
2026-05-29Material Agreement; Regulation FD; Exhibits
2026-04-28Earnings Release; Regulation FD; Exhibits

Context

Shares outstanding405,198,000
Free float99.1%
Institutional ownership102.3%
Beta0.75
Dividend yield0.00%
Last dividendNone on file
50 / 200-day average$30.25 / $38.42
Large-cap Real Estate median P/E26.2x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where CSGP sits among 17 scored companies in Real Estate - Services (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureCSGPIndustry medianIndustry percentileSector median
P/E (TTM) 176.7x 38.6x
100th		 24.1x
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 3.7x 0.9x
88th		 3.7x
Price / book 1.7x 1.7x
47th		 1.3x
Price / tangible book 8.9x 1.1x
90th		 1.6x
Price / free cash flow 42.0x 14.9x
91st		 15.1x
Price / operating cash flow 26.3x 13.5x
75th		 12.3x
Enterprise value $13.0B $7.5B
69th		 $7.5B
EV / sales 3.7x 1.2x
69th		 9.4x
EV / EBITDA 30.7x 11.3x
86th		 15.7x
EV / EBIT 131.0x 17.5x
92nd		 27.2x
EV / free cash flow 41.6x 19.9x
82nd		 29.4x
Earnings yield 0.6% 1.4%
38th		 3.2%
FCF yield 2.4% 4.4%
38th		 5.6%
Operating cash flow yield 3.8% 4.5%
44th		 7.9%
Graham number (per share) $8.99 $11.37
40th		 $22.48

Profitability (TTM)

MeasureCSGPIndustry medianIndustry percentileSector median
Gross margin 76.5% 35.0%
88th		 51.4%
EBITDA margin 11.9% 11.1%
56th		 54.9%
Operating margin 2.2% 4.8%
31st		 29.0%
EBIT margin 2.8% 4.8%
19th		 31.7%
Net margin 2.1% 1.8%
62nd		 12.2%
NOPAT margin 1.6% 1.6%
50th		 25.5%
FCF margin 8.8% 3.3%
75th		 21.8%
Operating cash flow margin 14.0% 4.1%
81st		 33.4%
R&D / revenue 12.2% 0.0%
100th		 0.0%
SG&A / revenue 60.1% 13.9%
100th		 6.6%
Stock comp / revenue 4.2% 0.7%
81st		 1.2%
Effective tax rate 26.8% 23.7%
69th		 1.9%

Returns on capital

MeasureCSGPIndustry medianIndustry percentileSector median
ROE (on average equity) 0.9% 1.7%
40th		 5.3%
ROA 0.7% 0.9%
44th		 1.6%
ROIC 0.7% 1.3%
38th		 3.7%
ROCE 1.1% 3.9%
25th		 4.4%
Return on tangible assets 1.0% 3.6%
25th		 3.8%
Cash ROIC (OCF / invested capital) 6.4% 6.4%
47th		 5.7%
Gross profitability (GP / assets) 26.8% 22.2%
69th		 5.3%
ROIC, 3-yr average 1.3% 0.5%
60th		 2.4%
ROIC, 5-yr average 3.2% 3.8%
43rd		 2.6%
ROE, 5-yr average 3.2% 3.7%
47th		 4.4%
Incremental ROIC 3.2% -0.3%
56th		 6.5%

Growth

MeasureCSGPIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 22.0% 11.0%
88th		 8.4%
Revenue growth (QoQ) 3.1% 8.9%
0th		 2.2%
Revenue CAGR, 3 yr 15.3% 5.9%
88th		 5.8%
Revenue CAGR, 5 yr 14.5% 10.6%
80th		 9.5%
Gross profit CAGR, 3 yr 13.3% 1.2%
71st		 -0.8%
Operating income CAGR, 3 yr -40.3% 4.6%
0th		 3.0%
Net income growth (TTM YoY) -28.9% 16.4%
22nd		 21.3%
Net income CAGR, 3 yr -42.2% 6.3%
25th		 8.5%
EPS growth (TTM YoY) -25.4% 10.6%
22nd		 17.6%
EPS CAGR, 3 yr -42.1% 5.4%
25th		 5.7%
EPS CAGR, 5 yr -20.6% -20.6%
50th		 5.6%
FCF growth (TTM YoY) —
FCF CAGR, 3 yr -15.3% 17.4%
12th		 5.6%
Operating cash flow CAGR, 3 yr -4.2% 15.7%
25th		 3.7%
Book value CAGR, 3 yr 4.0% 3.6%
53rd		 -2.0%
Dividend CAGR, 3 yr —
Sustainable growth rate 0.9% 3.6%
20th		 -1.4%

Margin history & stability

MeasureCSGPIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 78.4% 37.2%
94th		 59.1%
Operating margin, 3-yr average 1.6% 3.9%
31st		 28.6%
Net margin, 3-yr average 4.6% 1.0%
88th		 12.3%
FCF margin, 3-yr average 1.0% 2.5%
31st		 27.4%
Revenue stability (0-1) 0.96 0.85
81st		 0.82
Earnings stability (0-1) 0.51 0.21
88th		 0.36
Margin stability (0-1) 0.98 0.90
94th		 0.83

Liquidity (latest quarter)

MeasureCSGPIndustry medianIndustry percentileSector median
Cash & short-term investments $1.3B $500.5M
75th		 $141.2M
Net cash (− = net debt) $111.0M −$2.1B
88th		 −$3.3B
Working capital $907.0M $253.1M
75th		 $19.5M
Current ratio 2.21 1.13
80th		 1.02
Quick ratio 2.21 1.11
87th		 1.02
Cash ratio (cash + ST investments / current liabilities) 1.69 0.31
93rd		 0.36
Defensive interval (days) 212 days 430 days
13th		 554 days

Leverage & solvency (latest quarter)

MeasureCSGPIndustry medianIndustry percentileSector median
Total debt $1.2B $2.5B
31st		 $3.5B
Debt / equity 0.15 1.27
13th		 1.33
Net debt / equity −0.01 1.11
20th		 1.26
Debt / assets 11.4% 35.7%
19th		 51.3%
Debt / capital 12.7% 55.9%
13th		 57.1%
Debt / EBITDA 2.74 4.93
14th		 6.47
Net debt / EBITDA −0.26 4.14
7th		 6.15
Interest coverage (EBIT / interest) 6.9x 2.3x
81st		 1.5x
Cash interest coverage 34.8x 3.1x
88th		 2.1x
Debt payback (years of OCF) 2.3 yrs 4.5 yrs
25th		 8.9 yrs
Liabilities / assets 21.6% 60.5%
0th		 60.0%
IS credit model rating AA- — —
Implied credit spread (bps) 100 400
6th		 650

Efficiency

MeasureCSGPIndustry medianIndustry percentileSector median
Asset turnover 0.34 0.84
31st		 0.12
Fixed asset turnover 2.26 8.16
33rd		 0.90
Inventory turnover —
Receivables turnover 15.3 10.4
73rd		 7.6
Days sales outstanding 24 days 35 days
31st		 37 days
Days inventory outstanding —
Days payables outstanding 21 days 22 days
44th		 53 days
Cash conversion cycle (days) 3 days 5 days
38th		 −6 days
Capex / revenue 5.2% 1.3%
69th		 4.4%
Capex / depreciation 0.57 0.49
62nd		 0.32
Operating expense ratio 66.6% 26.0%
88th		 30.9%

Cash flow & earnings quality

MeasureCSGPIndustry medianIndustry percentileSector median
Operating cash flow / net income 6.71 2.86
90th		 1.83
FCF / net income 4.21 2.09
70th		 1.43
FCF / operating cash flow 62.7% 82.6%
8th		 82.5%
Capex / operating cash flow 37.3% 17.4%
92nd		 17.9%
Accruals ratio -4.1% -2.6%
38th		 -3.1%
Sloan accruals ratio -29.1% -0.4%
6th		 -3.3%
Earnings quality score (0-1) 1.00 1.00
45th		 1.00

Dividends & buybacks

MeasureCSGPIndustry medianIndustry percentileSector median
Dividend yield 0.0% 0.0%
0th		 5.2%
Dividend per share (TTM) $0.00 $0.00
0th		 $1.21
Payout ratio (dividends / net income) 0.0% 0.0%
0th		 110.2%
Dividends / FCF 0.0% 0.0%
0th		 79.1%
Dividend growth (YoY) —
Buyback yield 6.8% 0.9%
88th		 0.1%
Shareholder yield (dividends + buybacks) 6.8% 1.4%
69th		 5.9%
Share count change (YoY) -4.7% 0.0%
6th		 0.5%
Buybacks, last 5 years $719.3M $80.5M
88th		 $15.9M

Scores & forensic checks

MeasureCSGPIndustry medianIndustry percentileSector median
IS score 54 42
75th		 43
IS profitability 31 28
69th		 44
IS growth 38 60
19th		 58
IS value 53 43
88th		 53
IS momentum 68 68
50th		 77
IS risk (safety) 90 30
88th		 15
IS quality 69 56
88th		 59
IS balance sheet 78 40
94th		 35
IS earnings quality 84 71
81st		 72
IS cash flow 54 54
50th		 61
Piotroski F-score (0-9) 5 5
31st		 6
Altman Z-score 4.0 1.8
88th		 0.8
Beneish M-score −2.20 −2.71
81st		 −2.71
Ohlson O-score −9.83 −7.28
6th		 −6.91
IS credit score 83 49
88th		 34

Per share

MeasureCSGPIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $0.18 $0.29
44th		 $0.78
Book value per share $19.61 $20.98
44th		 $15.91
Tangible book per share $3.20 $2.87
56th		 $16.11
Revenue per share $8.79 $16.04
25th		 $6.28
FCF per share $0.77 $1.28
38th		 $1.49
Operating cash flow per share $1.23 $1.42
44th		 $1.95
Cash per share $3.13 $3.67
31st		 $0.95

Size (TTM)

MeasureCSGPIndustry medianIndustry percentileSector median
Market cap $13.1B $4.5B
88th		 $2.5B
Revenue $3.6B $5.6B
38th		 $956.7M
EBITDA $422.3M $495.3M
38th		 $399.5M
Net income $74.1M $66.8M
62nd		 $109.6M
Free cash flow $312.0M $127.8M
69th		 $157.8M
Total assets $10.1B $7.6B
69th		 $6.6B
Shareholders' equity $7.9B $1.5B
75th		 $1.8B
Employees 8,441 16,230
40th		 307

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-15Rossmann Robin Jack
Chief Financial Officer
 Tax withholding 756$32.00$24,19285,935
2026-08-07Cann Cynthia Cammett
Chief Accounting Officer
 Open-market sale 4,788$30.78$147,37518,822
2026-08-05Hill John W
Director
 Open-market sale 3,500$30.21$105,73522,993
2026-08-04Florance Andrew C
Director, Founder and CEO
 Open-market buy 83,300$29.89$2.5M1,806,165
2026-08-01Cann Cynthia Cammett
Chief Accounting Officer
 Tax withholding 1,077$28.76$30,97523,610
2026-08-01Saint Frederick G.
President, Marketplaces
 Tax withholding 1,436$28.76$41,299278,415
2026-07-31Rossmann Robin Jack
Chief Financial Officer
 Award / grant 34,771——34,771
2026-07-31Cann Cynthia Cammett
Chief Accounting Officer
 Award / grant 26,078——26,078
2026-07-31Rossmann Robin Jack
Chief Financial Officer
 — 10,223——0
2026-07-01Lown Christian M.
Chief Financial Officer
 Tax withholding 5,597$29.36$164,328129,653
2026-06-23Glaser Rachel C
Director
 Award / grant 8,262——12,419
2026-06-23Berisford John L
Director
 Award / grant 8,262——11,235

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarMayJunJulAugOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired9118,683—
Open-market buyAcquired3154,730$5.0M
Open-market saleDisposed28,288$253,110
Tax withholdingDisposed59,327$275,564
—Disposed210,223—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 2 notices · 5,750 shares · $257,988
FiledFilerShares proposedEst. proceeds
2026-08-05Hill John W3,500$106,068
2025-11-13Hill John W2,250$151,920
2025-08-28Frederick Saint25,000$2.3M
2025-07-28Frederick Saint25,000$2.3M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 16 trades (12 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-09-11Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-08-19Gilbert CisnerosHousePurchase$1,001 - $15,0002026-09-11
2026-04-14Gilbert CisnerosHouseSale$1,001 - $15,0002026-05-11
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
VANGUARD PORTFOLIO MANAGEMENT LLC37,914,844$1.1B9.36%
BlackRock, Inc.33,813,969$957.6M8.35%
VANGUARD CAPITAL MANAGEMENT LLC26,683,792$755.7M6.59%
BAMCO INC /NY/21,626,763$612.5M5.34%
STATE STREET CORP18,410,876$521.4M4.54%
Capital International Investors16,643,016$471.3M4.11%
BAILLIE GIFFORD & CO13,154,165$372.5M3.25%
GEODE CAPITAL MANAGEMENT, LLC12,166,469$343.3M3.00%
POLEN CAPITAL MANAGEMENT LLC8,759,314$248.1M2.16%
Jupiter Topco LLC7,832,860$221.8M1.93%
Invesco Ltd.6,808,377$192.8M1.68%
NORGES BANK5,949,912$168.5M1.47%
Meritage Group LP5,394,164$152.8M1.33%
GOLDMAN SACHS GROUP INC5,129,484$145.3M1.27%
FEDERATED HERMES, INC.4,426,727$125.4M1.09%

Institutional ownership by quarter

2023-092026-06102.3%
% of shares held by 13F filers
2023-092026-06756
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-30756102.3%116303261143
2026-03-31793100.0%132304274164
2025-12-31843102.2%105270385141
2025-09-30898101.3%10536431064
2025-06-30871104.1%10135531476
2025-03-31857105.1%14537426173
2024-12-3179898.7%14429227596
2024-09-3076797.6%9130628180
2024-06-3076397.0%10027428391
2024-03-3176497.8%9430026156
2023-12-3173396.7%11227925550
2023-09-3068095.8%6427524581

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-08-14SCHEDULE 13GRonald Baron5.3%21,626,763
2026-04-29SCHEDULE 13GVanguard Portfolio Management9.1%38,292,035
2026-04-29SCHEDULE 13GVanguard Capital Management7.5%31,613,997
2026-03-26SCHEDULE 13G/AThe Vanguard Group0.0%0
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VGSLX0.63%$421.6M
VGSNX0.63%$421.6M
VNQ0.63%$421.6M
VITSX0.02%$351.9M
VTI0.02%$351.9M
VSMPX0.02%$351.9M

Share structure

Shares outstanding405,198,000
Float401,753,409
Free float99.1%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$1.9B$2.2B$2.5B$2.7B$3.2B
Cost of revenue$357.2M$414.0M$491.5M$558.5M$804.0M
Gross profit$1.6B$1.8B$2.0B$2.2B$2.4B
R&D$201.0M$220.9M$267.6M$325.3M$406.0M
SG&A$878.8M$1.0B$1.4B$1.8B$2.1B
Operating income$432.3M$451.0M$282.3M$4.7M−$72.0M
EBITDA$571.9M$588.9M$389.8M$151.6M$272.0M
Pretax income$404.0M$486.5M$501.3M$210.1M$30.0M
Income tax$111.4M$117.0M$126.6M$71.4M$23.0M
Net income$292.6M$369.5M$374.7M$138.7M$7.0M
EPS, diluted$0.74$0.93$0.92$0.34$0.02
Diluted shares394.2M397.8M406.9M407.8M420.7M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$3.8B$5.0B$5.2B$4.7B$1.7B
Receivables$124.8M$153.9M$195.8M$187.9M$234.0M
Inventory$13.4M$0$0$0$0
Total current assets$4.0B$5.2B$5.5B$5.0B$2.1B
PP&E, net$372.1M$401.6M$552.0M$1.1B$1.4B
Goodwill & intangibles$2.8B$2.6B$2.7B$3.0B$6.7B
Total assets$7.3B$8.4B$8.9B$9.3B$10.5B
Accounts payable$22.2M$28.5M$23.1M$47.0M$42.0M
Total current liabilities$338.7M$372.6M$455.8M$552.3M$746.0M
Long-term debt$987.9M$989.2M$990.5M$991.9M$993.0M
Total liabilities$1.5B$1.5B$1.6B$1.7B$2.2B
Shareholders' equity$5.7B$6.9B$7.3B$7.6B$8.4B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$292.6M$369.5M$374.7M$138.7M$7.0M
Depreciation & amortization$139.6M$137.9M$107.5M$146.9M$242.0M
Stock-based compensation$63.7M$75.2M$85.0M$89.0M$0
Change in working capital−$154.7M−$205.6M−$199.9M−$119.2M−$268.0M
Operating cash flow$469.7M$478.7M$489.5M$392.6M$430.0M
Capital expenditure−$65.2M−$58.6M−$25.3M−$637.9M−$389.0M
Free cash flow$404.5M$420.0M$464.2M−$245.3M$41.0M
Investing cash flow−$381.3M−$69.1M−$238.6M−$912.9M−$2.8B
Net debt issued / repaid$0−$2.2M−$700,000−$5.1M$0
Buybacks−$33.3M−$23.1M−$26.4M−$29.5M−$575.0M
Dividends paid$0$0$0$0$0

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin81.6%81.0%80.0%79.6%77.6%
Operating margin22.2%20.7%11.5%0.2%-2.2%
Net margin15.0%16.9%15.3%5.1%0.2%
FCF margin20.8%19.2%18.3%-9.0%3.6%
ROE5.3%5.9%5.3%1.9%0.1%
ROIC10.4%11.4%6.5%0.1%-0.2%
ROA4.1%4.7%4.3%1.5%0.1%
Debt / equity0.190.160.150.140.14
Interest coverage13.6x40.6x17.5x0.2xn/m
Current ratio11.7813.9212.018.962.84
Revenue growth+17.2%+12.3%+12.5%+11.5%+18.7%
EPS growth+28.6%+22.7%+1.1%−63.1%−94.7%
P/E at year end106.6x84.9x95.1x210.8x3,761.9x
EV / EBITDA at year end49.9x46.7x80.8x168.7x126.7x
FCF yield at year end1.30%1.34%1.26%-0.84%0.42%
Dividend payout0.0%0.0%0.0%0.0%0.0%

Revenue by segment

FY2021FY2022FY2023FY2024
CoStar Suite$722.8M$837.0M$925.2M$1.0B
Multifamily Online Marketplace$678.7M$745.4M$914.2M—
LoopNet$207.5M$230.9M$264.8M$281.7M
Information services$141.7M$157.4M$170.9M$135.9M
Online Marketplaces$118.9M$138.0M$133.8M$130.2M
Residential$74.6M$73.7M$46.1M$100.6M

Street estimates by fiscal year

Next report 2026-10-27 · consensus EPS $0.34 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$3.7B$3.7B – $3.8B$1.37$1.35 – $1.39423.7x
2027$4.2B$4.1B – $4.2B$1.72$1.45 – $1.93418.7x
2028$4.6B$4.4B – $4.8B$2.19$2.02 – $2.36214.8x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-28$0.29$0.32+12.0%$928.8M$925.0M−0.4%
2026-04-28$0.18$0.23+27.8%$896.7M$897.0M+0.0%
2026-02-24$0.27$0.31+13.6%$892.2M$900.0M+0.9%
2025-10-28$0.18$0.23+26.3%$813.2M$833.6M+2.5%
2025-07-22$0.14$0.17+23.4%$772.2M$781.3M+1.2%
2025-04-29$0.11$0.14+22.1%$716.8M$732.2M+2.1%
2025-02-18$0.22$0.26+18.2%$701.0M$709.4M+1.2%
2024-10-22$0.16$0.22+35.3%$695.9M$692.6M−0.5%
2024-07-23$0.10$0.15+43.1%$677.3M$677.8M+0.1%
2024-04-23$0.07$0.10+51.1%$649.5M$656.4M+1.1%
2024-02-20$0.32$0.33+3.1%$634.2M$640.1M+0.9%
2023-10-24$0.30$0.300.0%$625.9M$624.7M−0.2%
2023-07-25$0.30$0.31+3.3%$607.2M$605.9M−0.2%
2023-04-25$0.25$0.29+16.0%$579.4M$584.4M+0.9%
2023-02-21$0.36$0.38+5.6%$569.7M$573.3M+0.6%
2022-10-25$0.24$0.30+25.0%$555.6M$556.9M+0.2%
2022-07-26$0.21$0.28+33.3%$532.2M$536.3M+0.8%
2022-04-26$0.28$0.31+10.7%$512.5M$515.8M+0.7%
2022-02-22$0.29$0.35+20.7%$501.3M$506.8M+1.1%
2021-10-26$0.23$0.25+8.7%$497.5M$499.3M+0.4%
2021-07-27$0.23$0.26+13.0%$497.5M$480.3M−3.4%
2021-04-27$0.24$0.28+16.7%$454.0M$457.7M+0.8%
2021-02-23$0.24$0.29+20.8%$363.3M$444.4M+22.3%
2020-10-27$0.21$0.23+9.5%$389.8M$425.6M+9.2%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.206-150.306-220.206-290.207-060.407-130.207-200.507-270.208-030.308-100.308-170.208-240.208-31
Week ofNotionalSharesTrades
2026-08-31$233.4M7,325,519115,175
2026-08-24$228.6M7,080,171117,257
2026-08-17$255.5M7,887,984109,877
2026-08-10$255.5M8,096,756126,396
2026-08-03$233.4M7,785,334143,980
2026-07-27$517.9M17,684,003176,394

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1535.6%
DateShort shareShort volumeTotal volume
2026-10-1535.6%771,0992,163,630
2026-10-1442.3%677,5821,601,783
2026-10-1348.6%1,076,5882,213,796
2026-10-1243.2%472,9861,095,971
2026-10-0957.0%878,4731,540,586
2026-10-0840.7%1,060,1252,603,157
2026-10-0740.2%487,8191,213,472
2026-10-0635.0%507,1281,449,356
2026-10-0536.6%691,8841,890,383
2026-10-0251.7%658,1191,271,807
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-1.3Jan-1.7Feb+3.1Mar+5.2Apr-0.3May+3.4Jun+2.9Jul-1.3Aug-0.1Sep+0.5Oct+3.4Nov+1.6Dec
MonthAvg returnUp yearsYears
Jan−1.3%45%20
Feb−1.7%35%20
Mar+3.1%67%21
Apr+5.2%75%20
May−0.3%50%20
Jun+3.4%55%20
Jul+2.9%55%20
Aug−1.3%55%20
Sep−0.1%40%20
Oct+0.5%50%20
Nov+3.4%75%20
Dec+1.6%60%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1467.7
MFI78.9
ADX22.5
Stochastic %K / %D94.5 / 92.8
Williams %R-5.5
CCI200
TSI / signal7.8 / -8.9
Chaikin money flow0.18
ATR$1.13
Bollinger width20.9%
Volume vs 20-day avg1.01x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$28.72 (+12.5%)
SMA 50$30.30 (+6.6%)
SMA 200$38.24 (−15.5%)
EMA 21$29.57 (+9.3%)
EMA 50$29.91 (+8.0%)
EMA 200$39.53 (−18.3%)
Bollinger upper$31.73 (+1.8%)
Bollinger lower$25.72 (+25.6%)
Parabolic SAR$28.09 (+15.0%)
Open the live chart, 110+ indicators

About CoStar Group, Inc.

CoStar Group, Inc. (CSGP) stands as a premier global provider of comprehensive information, sophisticated analytics, and dynamic online marketplace services. The company caters to professionals within the commercial real estate, hospitality, residential, and related industries, extending its reach across the United States, Canada, Europe, the Asia Pacific region, and Latin America. Its diverse suite of offerings encompasses powerful data platforms like CoStar Property, which meticulously catalogues an extensive inventory of various property types, including office, industrial, retail, multifamily, hospitality, student housing, and undeveloped land. Other key analytical tools comprise CoStar COMPS, a robust repository of comparable commercial real estate sales transactions; CoStar Market Analytics, designed for examining aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical resource providing detailed tenant information. Additionally, CoStar offers solutions for lease management, including Lease Comps and Analysis and CoStar Lease Analysis, alongside Public Record, a searchable database of commercially-zoned land parcels. Its software solutions feature CoStar Real Estate Manager, designed for comprehensive lease administration, portfolio oversight, and lease accounting compliance, as well as specialized CoStar Risk Analytics and CoStar Investment tools. Beyond its data and software platforms, CoStar operates a vast network of online marketplaces. These include prominent apartment marketing sites such as ApartmentFinder.com and ForRent.com; commercial property listing and advertising services through LoopNet (e.g., Premium Lister, Diamond, Platinum, and Gold Ads); and platforms dedicated to rural land sales like LandsofAmerica.com and LandAndFarm.com. It also facilitates the sale of operating businesses and franchises via sites like BizBuySell.com, and serves as an online auction platform for commercial real estate with Ten-X. Furthermore, CoStar supports the residential home-buying market through HomeSnap, an online and mobile software platform, and Homes.com, a comprehensive listings site for properties for sale. CoStar Group, Inc. was established in 1987 and maintains its corporate headquarters in Washington, D.C.

https://www.costargroup.com

Key executives

NameTitlePayBorn
Andrew C. FlorancePresident, Founder, Chief Executive Officer & Director$4.7M1964
Frank A. SimuroChief Technology Officer$2.0M1967
Frederick G. SaintPresident of Marketplaces$2.0M1966
Robin RossmannChief Financial Officer$1.7M1981
Lisa C. RugglesSenior Vice President of Global Operations$1.7M1967
Gene BoxerGeneral Counsel & Corporate Secretary—1975
Jason ButlerChief Information Officer——
Matthew R. BlocherVice President of Marketing & Communications——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Andrew C. Florance Founder and Chief Executive Officer2025$1.0M$28.3M$3.0M$36.4M
Frank A. Simuro Chief Technology Officer2025$646,923$7.3M$1.3M$10.3M
Frederick G. Saint President, Marketplaces2025$591,923$5.5M$1.2M$8.2M
Christian M. Lown Chief Financial Officer2025$588,269$5.5M$1.1M$8.0M
Lisa C. Ruggles Senior Vice President, Global Operations2025$591,923$3.7M$1.0M$5.8M

Employees

4k20174k20184k20195k20205k20216k20226k20237k2024

Dividends

Ex-dateAmountPaid
None on file.

Moat model

Narrow · Network Effects · 2026-06-30
Cost advantage54
Intangibles67
Switching costs67
Network effect90
Efficient scale70
Our component scores (0-100) and overall 68.3; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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