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CoStar Group, Inc. provides information, analytics, and online marketplace services to real estate and related business communities in the United States, Australia, Canada, Europe, the Asia Pacific, and Latin America. It offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing, and land properties; CoStar Leasing, a data on lease transactions and tools to manage user-entered lease data; CoStar Sales, a database of commercial real estate sales transactions; CoStar Owners provides detailed portfolio information; CoStar Markets to view and report on market and submarket trends; and CoStar Tenant that provides tenant information. The company also provides hospitality benchmarking that allows hotels to measure performance against competitors; Debt Solutions, a tool for lenders to manage loan portfolios and risk; and real estate and lease management technology solutions, such as lease administration, lease accounting, and transaction management services. In addition, it offers Apartamentos.com, an apartment marketing sites; LoopNet.com, a commercial property marketing sites; Homes.com, a home for sale listings site; Ten-X, an online auction platform for commercial real estate; Land.com, a marketplace for rural land sales; and BizBuySell.com, a marketplace for operating businesses and franchises for sale. It serves sales, leasing, and mortgage brokers; property, real estate investment trust, insurance companies, and asset managers; and government agencies, property owners, mortgage-backed security issuers, appraisers, design and construction professionals, pension fund managers, real estate developers, reporters tenant vendors, bankers, building services vendors, mortgage bankers, communications providers, retailers, institutional advisors, hospitality owners, investors, and real estate agents. The company was founded in 1986 and is headquartered in Arlington, Virginia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.2B | $191M | $7M | $41M | 0.1% | 18.7% | -95.0% |
| 2024 | $2.7B | $152M | $139M | $-245M | 1.8% | 11.4% | -62.9% |
| 2023 | $2.5B | $390M | $375M | $347M | 5.1% | 12.5% | 1.5% |
| 2022 | $2.2B | $589M | $370M | $385M | 5.4% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,182.40 | 2,455 | 2,736 | 3,247 |
| Operating Revenue | - | 2,182.40 | 2,455 | 2,736 | 3,247 |
| Cost Of Revenue | - | 414 | 491 | 558 | 686 |
| Gross Profit | - | 1,768.40 | 1,964 | 2,178 | 2,561 |
| Operating Expense | - | 1,317.40 | 1,682 | 2,173 | 2,633 |
| Research And Development | - | 220.90 | 268 | 326 | 406 |
| Selling General And Administration | - | 1,022.90 | 1,372 | 1,803 | 2,109 |
| Total Expenses | - | 1,731.40 | 2,173 | 2,731 | 3,319 |
| Operating Income | - | 451 | 282 | 5 | -72 |
| Total Operating Income As Reported | - | 451 | 282 | 5 | -72 |
| EBITDA | - | 588.90 | 390 | 152 | 191 |
| Normalized EBITDA | - | 588.90 | 390 | 152 | 191 |
| EBIT | - | 451 | 282 | 5 | -72 |
| Interest Income | - | - | 214 | 213 | 110 |
| Net Interest Income | - | 32.10 | 214 | 213 | 110 |
| Other Non Operating Income Expenses | - | 3.40 | 6 | -8 | -8 |
| Other Income Expense | - | 3.40 | 6 | -8 | -8 |
| Interest Income Non Operating | - | - | 214 | 213 | 110 |
| Net Non Operating Interest Income Expense | - | 32.10 | 214 | 213 | 110 |
| Pretax Income | - | 486.50 | 502 | 210 | 30 |
| Tax Provision | - | 117 | 127 | 71 | 23 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 369.50 | 375 | 139 | 7 |
| Net Income From Continuing And Discontinued Operation | - | 369.50 | 375 | 139 | 7 |
| Net Income From Continuing Operation Net Minority Interest | - | 369.50 | 375 | 139 | 7 |
| Net Income | - | 369.50 | 375 | 139 | 7 |
| Net Income Common Stockholders | - | 369.50 | 375 | 139 | 7 |
| Net Income Including Noncontrolling Interests | - | 369.50 | 375 | 139 | 7 |
| Normalized Income | - | 369.50 | 375 | 139 | 7 |
| Diluted NI Availto Com Stockholders | - | 369.50 | 375 | 139 | 7 |
| Basic Average Shares | - | 396.28 | 405.30 | 406.30 | 416.80 |
| Diluted Average Shares | - | 397.75 | 406.90 | 407.80 | 420.70 |
| Reconciled Depreciation | - | 137.90 | 108 | 147 | 263 |
| Reconciled Cost Of Revenue | - | 349.70 | 425 | 455 | 541 |
| Depreciation Amortization Depletion Income Statement | - | 73.60 | 42 | 44 | 118 |
| Depreciation And Amortization In Income Statement | - | 73.60 | 42 | 44 | 118 |
| General And Administrative Expense | - | 338.70 | 382 | 439 | 549 |
| Other Gand A | - | 338.70 | 382 | 439 | 549 |
| Total Other Finance Cost | 31.60 | -32.10 | -213.60 | -212.50 | - |
| Selling And Marketing Expense | - | 684.20 | 990 | 1,364 | 1,560 |
| Amortization | - | 73.60 | 42 | 44 | 118 |
| Amortization Of Intangibles Income Statement | - | 73.60 | 42 | 44 | 118 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| CoStar Group, Inc.this co. | CSGP | $13.7B | 1963.61↑ premium | 1.65 | 0.1% | 69.61 |
| Invitation Homes Inc. | INVH | $17.5B | 29.84 | 1.84 | 6.2% | 15.24 |
| Host Hotels & Resorts, Inc. | HST | $17.0B | 22.17 | 2.59 | 11.7% | 11.82 |
| Mid-America Apartment Communities, Inc. | MAA | $16.3B | 36.87 | 2.87 | 7.8% | 17.12 |
| Kimco Realty Corporation | KIM |
| - |
| - |
| - |
| - |
| - |
| $16.2B |
| 27.69 |
| 1.56 |
| 5.6% |
| 16.74 |
| UDR, Inc. | UDR | $14.4B | 38.16 | 4.44 | 11.6% | 15.94 |
| Regency Centers Corporation | REG | $14.3B | 27.90 | 2.08 | 7.4% | 16.98 |
| Healthpeak Properties, Inc. | DOC | $13.5B | 189.39 | 1.80 | 1.0% | 14.07 |
| Camden Property Trust | CPT | $11.1B | 28.87 | 2.54 | 8.8% | 13.04 |
| Peer Median | - | 29.35 | 2.31 | 7.6% | 15.59 | |