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Earnings transcript
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CSGP
CoStar Group, Inc.
$32
-0.15
(-0.45%)
| Exchange: | NASDAQ |
| Market Cap: | 12.964B |
| Shares Outstanding: | 57.895M |
Delayed data
About The Company
| Sector: | Real Estate | |||||
| Industry: | Real Estate – Services | |||||
| CEO: | Andrew C. Florance | |||||
| Full Time Employees: | 8441 | |||||
| Address: |
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| Website: | https://www.costargroup.com |
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.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 2,455,000 | 2,736,200 | 3,247,000 |
| Gross Profit | 1,963,500 | 2,177,700 | 2,443,000 |
| EBITDA | 640,200 | 384,400 | 272,000 |
| Operating Income | 282,300 | 4,700 | -72,000 |
| Net Income | 374,700 | 138,700 | 7,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 8,919,700 | 9,256,800 | 10,538,000 |
| Total Liabilities | 1,581,100 | 1,703,300 | 2,167,000 |
| Total Stockholders Equity | 7,338,600 | 7,553,500 | 8,334,000 |
| Total Debt | 1,110,400 | 1,127,600 | 1,021,000 |
| Cash and Cash Equivalents | 5,215,900 | 4,681,000 | 1,733,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 489,500 | 392,600 | 430,000 |
| Capital Expenditure | -25,300 | 0 | -389,000 |
| Free Cash Flow | 464,200 | 392,600 | 41,000 |
| Net Income | 374,700 | 138,700 | 7,000 |
| Net Change in Cash | 247,900 | -534,900 | -2,948,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 5,404,561.063 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 5,673,273.184 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 5,516,085.311 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 1,153,284.476 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 1,210,625.214 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 1,177,082.743 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 1,393,703.377 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 1,484,347.399 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 1,431,322.371 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 3,013,537.387 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 3,163,368.985 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 3,075,722.361 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 3.400 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 3.530 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 3.310 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 6 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 5 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Growth: CoStar Group reported Q2 2025 revenue of $781 million, reflecting strong top-line growth as highlighted in the earnings call transcript. This performance exceeded expectations and demonstrates the company’s ability to capitalize on market demand within the real estate data and analytics sector.
- Solid Financial Position: Based on balance sheet data, the company maintains significant cash and cash equivalents alongside healthy total assets, indicating a strong liquidity position (specific figures to be derived from provided data). This supports operational flexibility and potential for strategic investments.
- Market Leadership: As per the company profile and earnings call summary, CoStar Group holds a leading position in the real estate information and analytics industry, bolstered by a comprehensive product portfolio and a focus on innovation, which enhances its competitive edge.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates CSGP intrinsic value between $8.83 – $14.17 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about CSGP valuation
Is CoStar Group, Inc. (CSGP) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for CoStar Group, Inc. (CSGP) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is CSGP a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether CSGP trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is CSGP’s P/E ratio?
You can see CSGP’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for CSGP?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is CSGP a good long-term investment?
Whether CSGP fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
CSGP
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Daily snapshot
-0.45
Trading Metrics:
| Open: | 32.05 | Previous Close: | 32.14 | |
| Day Low: | 31.72 | Day High: | 32.52 | |
| Year Low: | 25.89 | Year High: | 91.89 | |
| Price Avg 50: | 30.07 | Price Avg 200: | 45 | |
| Volume: | 2.16M | Average Volume: | 7.361M |
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Login — it's freeCSGP full analysis
Welcome to MARKETSNAP’s SWOT analysis for CoStar Group, a powerhouse in the real estate data and analytics space. If you’re a long-term investor looking to build wealth through smart stock picks, you’re in the right place. Today, we’re diving deep into CoStar Group—known for its commercial real estate insights and marketplaces—to break down what makes this company tick, where it shines, and where it might stumble. Let’s unpack the latest developments, financials, and trends to see if this stock deserves…
