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Side-by-side financial comparison of Armada Hoffler Properties, Inc. (AHH) and CBRE Group (CBRE). Click either name above to swap in a different company.
CBRE Group is the larger business by last-quarter revenue ($11.5B vs $75.6M, roughly 151.5× Armada Hoffler Properties, Inc.). CBRE Group runs the higher net margin — 3.6% vs 3.1%, a 0.5% gap on every dollar of revenue. On growth, CBRE Group posted the faster year-over-year revenue change (12.3% vs 0.8%). Over the past eight quarters, CBRE Group's revenue compounded faster (21.1% CAGR vs -22.8%).
Armada Hoffler Properties, Inc. is a publicly traded U.S. real estate investment trust operating across the Mid-Atlantic and Southeast regions. It develops, owns, and manages a diversified portfolio of office, retail, and multifamily residential properties, and also offers construction and development services for third-party clients.
CBRE can refer to:Canadian Brotherhood of Railway Employees, a railway trade union in Canada Chemical, Biological, Radiological and Explosive Defence Group, a counter-terrorism unit in Singapore CBRE Group, a multinational real estate corporation Certified broadcast radio engineer, a professional title regulated by The Society of Broadcast Engineers
AHH vs CBRE — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $75.6M | $11.5B |
| Net Profit | $2.4M | $416.0M |
| Gross Margin | — | 17.3% |
| Operating Margin | 31.0% | 5.4% |
| Net Margin | 3.1% | 3.6% |
| Revenue YoY | 0.8% | 12.3% |
| Net Profit YoY | -89.8% | -14.6% |
| EPS (diluted) | $0.00 | $1.38 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $75.6M | $11.5B | ||
| Q3 25 | $23.2M | $10.1B | ||
| Q2 25 | $32.0M | $9.6B | ||
| Q1 25 | $46.6M | $8.8B | ||
| Q4 24 | $75.0M | $10.2B | ||
| Q3 24 | $114.4M | $8.8B | ||
| Q2 24 | $116.8M | $8.2B | ||
| Q1 24 | $127.0M | $7.8B |
| Q4 25 | $2.4M | $416.0M | ||
| Q3 25 | $80.0K | $363.0M | ||
| Q2 25 | $5.9M | $215.0M | ||
| Q1 25 | $-2.8M | $163.0M | ||
| Q4 24 | $23.4M | $487.0M | ||
| Q3 24 | $-5.0M | $225.0M | ||
| Q2 24 | $3.2M | $130.0M | ||
| Q1 24 | $14.1M | $126.0M |
| Q4 25 | — | 17.3% | ||
| Q3 25 | — | 17.7% | ||
| Q2 25 | — | 17.1% | ||
| Q1 25 | — | 17.1% | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | 45.0% | 18.1% | ||
| Q2 24 | 41.8% | 17.6% | ||
| Q1 24 | 37.9% | 17.1% |
| Q4 25 | 31.0% | 5.4% | ||
| Q3 25 | 91.5% | 4.8% | ||
| Q2 25 | 63.9% | 3.9% | ||
| Q1 25 | 33.8% | 3.1% | ||
| Q4 24 | 50.1% | 5.8% | ||
| Q3 24 | 19.0% | 4.2% | ||
| Q2 24 | 11.9% | 3.0% | ||
| Q1 24 | 15.1% | 2.6% |
| Q4 25 | 3.1% | 3.6% | ||
| Q3 25 | 0.3% | 3.6% | ||
| Q2 25 | 18.6% | 2.2% | ||
| Q1 25 | -6.0% | 1.9% | ||
| Q4 24 | 31.2% | 4.8% | ||
| Q3 24 | -4.4% | 2.5% | ||
| Q2 24 | 2.7% | 1.6% | ||
| Q1 24 | 11.1% | 1.6% |
| Q4 25 | $0.00 | $1.38 | ||
| Q3 25 | $-0.04 | $1.21 | ||
| Q2 25 | $0.04 | $0.72 | ||
| Q1 25 | $-0.07 | $0.54 | ||
| Q4 24 | $0.28 | $1.58 | ||
| Q3 24 | $-0.11 | $0.73 | ||
| Q2 24 | $0.00 | $0.42 | ||
| Q1 24 | $0.17 | $0.41 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $49.1M | $1.9B |
| Total DebtLower is stronger | $1.5B | — |
| Stockholders' EquityBook value | $627.8M | $8.9B |
| Total Assets | $2.6B | $30.9B |
| Debt / EquityLower = less leverage | 2.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.1M | $1.9B | ||
| Q3 25 | $46.5M | $1.7B | ||
| Q2 25 | $52.1M | $1.4B | ||
| Q1 25 | $45.7M | $1.4B | ||
| Q4 24 | $31.9M | $1.1B | ||
| Q3 24 | $43.9M | $1.0B | ||
| Q2 24 | $20.3M | $928.0M | ||
| Q1 24 | $41.9M | $1.0B |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
| Q4 25 | $627.8M | $8.9B | ||
| Q3 25 | $638.8M | $8.5B | ||
| Q2 25 | $652.0M | $8.3B | ||
| Q1 25 | $657.4M | $8.3B | ||
| Q4 24 | $670.6M | $8.4B | ||
| Q3 24 | $663.9M | $8.7B | ||
| Q2 24 | $562.7M | $8.4B | ||
| Q1 24 | $571.4M | $8.3B |
| Q4 25 | $2.6B | $30.9B | ||
| Q3 25 | $2.6B | $28.6B | ||
| Q2 25 | $2.6B | $27.7B | ||
| Q1 25 | $2.5B | $26.4B | ||
| Q4 24 | $2.5B | $24.4B | ||
| Q3 24 | $2.6B | $24.8B | ||
| Q2 24 | $2.6B | $23.5B | ||
| Q1 24 | $2.6B | $23.0B |
| Q4 25 | 2.43× | — | ||
| Q3 25 | 2.33× | — | ||
| Q2 25 | 2.22× | — | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 1.93× | — | ||
| Q3 24 | 2.00× | — | ||
| Q2 24 | 2.52× | — | ||
| Q1 24 | 2.50× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $1.2B |
| Free Cash FlowOCF − Capex | — | $1.1B |
| FCF MarginFCF / Revenue | — | 9.4% |
| Capex IntensityCapex / Revenue | — | 1.3% |
| Cash ConversionOCF / Net Profit | — | 2.94× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.2B | ||
| Q3 25 | $26.3M | $827.0M | ||
| Q2 25 | $11.1M | $57.0M | ||
| Q1 25 | $107.0K | $-546.0M | ||
| Q4 24 | $20.8M | $1.3B | ||
| Q3 24 | $27.3M | $573.0M | ||
| Q2 24 | $17.4M | $287.0M | ||
| Q1 24 | $46.5M | $-492.0M |
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $743.0M | ||
| Q2 25 | — | $-17.0M | ||
| Q1 25 | — | $-610.0M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $494.0M | ||
| Q2 24 | — | $220.0M | ||
| Q1 24 | — | $-560.0M |
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 7.4% | ||
| Q2 25 | — | -0.2% | ||
| Q1 25 | — | -7.0% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | — | 5.6% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | — | -7.2% |
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | — | 2.94× | ||
| Q3 25 | 328.63× | 2.28× | ||
| Q2 25 | 1.87× | 0.27× | ||
| Q1 25 | — | -3.35× | ||
| Q4 24 | 0.89× | 2.75× | ||
| Q3 24 | — | 2.55× | ||
| Q2 24 | 5.48× | 2.21× | ||
| Q1 24 | 3.30× | -3.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AHH
| Office Real Estate Segment | $28.8M | 38% |
| Retail Real Estate Segment | $25.4M | 34% |
| Multifamily Residential Real Estate | $17.7M | 23% |
| Real Estate Financing Segment | $3.6M | 5% |
CBRE
| Other | $5.8B | 51% |
| Project Management Segment | $2.2B | 19% |
| Advisory Leasing | $1.5B | 13% |
| Advisory Sales | $756.0M | 7% |
| Property Management | $695.0M | 6% |
| Investment Management Property Management Brokerage And Other Professional Services | $156.0M | 1% |
| Commercial Mortgage Origination | $95.0M | 1% |
| Other Portfolio Services | $87.0M | 1% |
| Loan Servicing | $73.0M | 1% |
| Real Estate Development Services | $60.0M | 1% |
