/
In this Report, the words we, our, us, CoStar Group, or the Company refer to CoStar Group, Inc. and its direct and indirect wholly-owned subsidiaries. This Report also refers to our websites, but information contained on those sites is not part of this Report.
$33.93
$0.08 (-0.24%)
Price from 13 days ago
The business is unprofitable at the operating level (-2.22% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 18.7%, still solid. Margins contracted 2.4pp, which offsets some of the top-line progress.
At 485x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
484.7x earnings, 60.8x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$3.41B
▲ +18.7% YoY
Net Income (TTM)
$25M
▼ -95.0% YoY
Op. Margin
-0.76%
▼ -2.4pp YoY
ROIC
-0.22%
▼ -0.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$231M
▲ +166.1% YoY
Op. Cash Flow (TTM)
$529M
▲ +9.4% YoY
Net Debt
-$74M
Net Cash Position
Cash & Equiv.
$1.22B
5Y CAGR: +14.7%
5Y CAGR: -24.0%
Continue Research