Loading…
Provider of commercial real estate data and listing platforms, including Apartments.com and Homes.com.
Provider of commercial real estate data and listing platforms, including Apartments.com and Homes.com.
Sells subscriptions to its commercial property database, mostly on contracts that renew each year, while Apartments.com earns advertising fees from landlords listing rental units and has grown into a second main line. Homes.com, bought in 2021, charges agents for placement on listings and is still being built out.
Moat: narrow (data, network effects, switching costs). Proprietary, hard-to-replicate commercial property database built over decades is the industry standard.
Headquarters: Arlington, Virginia, US · Founded: 1987 · Employees: 8,441
Size CoStar (CSGP) is a United States Real Estate company (Internet Software/Services) with a market value of $12.3B, the 684th largest of 3,117 United States companies the cockpit tracks. Shares closed at $30.55 on 6 Nov 2026.
Performance Over six months the shares fell 6.8%, against -2.2% for the median peer and -1.1% for the United States market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 20.2% over the last twelve months (peer median +7.3%); the operating margin is 6.0% (peer median 31.7%).
Valuation It trades at 18.1× forward earnings against a peer median of 35.9× (4th cheapest of 21).
Backlog Backlog (remaining performance obligations) was $600M at 30 Sep 2026, up 12% on a year earlier — 0.2 years of trailing revenue. Backlog detail →
Short interest Short interest is 3.7% of the free float (15 Oct 2026).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.67B | $3.25B | $2.74B | $2.46B | $2.18B |
| Revenue growth | — | +19% | +11% | +12% | — |
| Gross profit | $2.72B | $2.44B | $2.13B | $1.92B | $1.69B |
| EBITDA | $566M | $229M | $152M | $390M | $627M |
| Net income | $179M | $7.00M | $139M | $375M | $369M |
| Free cash flow | $417M | $348M | $330M | $347M | $385M |
| Capital expenditure | $200M | $389M | $638M | $143M | $93.7M |
| Total debt | $1.17B | $1.14B | $1.05B | $1.11B | $1.10B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| CoStar CSGP | $12.3B | -7% | +20% | 6% | 18.1× | n/a |
| Zillow Z | $6.66B | -29% | +18% | 2% | 11.4× | n/a |
| Moody's MCO | $87.2B | +12% | +9% | 46% | 28.1× | n/a |
| CBRE CBRE | $39.1B | -7% | +14% | 3% | 16.3× | n/a |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CSGP | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.5% | +7.6% | 5th lowest of 21 |
| 6-month return | -6.8% | -2.2% | 7th lowest of 21 |
| Distance from 52-week high | -56.7% | -12.8% | lowest of 21 |
| Revenue growth (TTM) | +20.2% | +7.3% | 3rd highest of 20 |
| Operating margin | 6.0% | 31.7% | 3rd lowest of 21 |
| Forward P/E | 18.1× | 35.9× | 4th cheapest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CoStar CSGP | United States | $12.3B | -7% | +20% | 6% | 18.1× | n/a | n/a |
| Equity LifeStyle Properties ELS | United States | $12.3B | 0% | +3% | 34% | 29.2× | n/a | n/a |
| American Healthcare REIT AHR | United States | $12.7B | +12% | +16% | 7% | 81.7× | n/a | n/a |
| American Homes 4 Rent AMH | United States | $11.8B | +2% | +4% | 25% | 41.0× | n/a | n/a |
| UDR UDR | United States | $11.6B | -1% | +1% | 19% | 62.0× | n/a | n/a |
| Gaming and Leisure Properties GLPI | United States | $11.3B | -19% | +7% | 79% | 11.8× | n/a | n/a |
| Camden Property Trust CPT | United States | $13.4B | -3% | +1% | 18% | 119.0× | n/a | n/a |
| AGNC Investment AGNC | United States | $11.2B | -19% | +152% | 35% | 6.1× | n/a | n/a |
| Regency Centers REG | United States | $13.7B | -3% | +8% | 37% | 29.7× | n/a | n/a |
| Mid-America Apartment Communities MAA | United States | $13.8B | -8% | +1% | 27% | 38.7× | n/a | n/a |
| Healthpeak Properties DOC | United States | $14.3B | +4% | +9% | 17% | 123.6× | n/a | n/a |
| Sun Communities SUI | United States | $14.4B | -4% | -19% | 2% | 40.8× | n/a | n/a |
| EastGroup Properties EGP | United States | $10.4B | -6% | +10% | 41% | 35.1× | n/a | n/a |
| BXP BXP | United States | $10.4B | +11% | +3% | 29% | 31.2× | n/a | n/a |
| Omega Healthcare Investors OHI | United States | $14.6B | +2% | +14% | 61% | 24.3× | n/a | n/a |
| Annaly Capital Management NLY | United States | $14.8B | -17% | +23% | 77% | 6.0× | n/a | n/a |
| W. P. Carey WPC | United States | $15.0B | -12% | +9% | 52% | 21.6× | n/a | n/a |
| CubeSmart CUBE | United States | $10.1B | +11% | +3% | 41% | 28.2× | n/a | n/a |
| Weyerhaeuser WY | United States | $15.1B | -10% | -1% | 6% | 86.1× | n/a | n/a |
| Janus Living JAN | United States | $9.93B | +15% | n/a | -15% | 782.8× | n/a | n/a |
| Federal Realty Investment Trust FRT | United States | $9.74B | -2% | +8% | 34% | 36.7× | n/a | n/a |
CoStar reported $600M of remaining performance obligations at 30 Sep 2026, up 12% from a year earlier and up 0% from the previous quarter. That is 0.2 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.