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Side-by-side financial comparison of CBRE Group (CBRE) and Salesforce (CRM). Click either name above to swap in a different company.
CBRE Group is the larger business by last-quarter revenue ($11.5B vs $10.3B, roughly 1.1× Salesforce). Salesforce runs the higher net margin — 20.3% vs 3.6%, a 16.7% gap on every dollar of revenue. On growth, CBRE Group posted the faster year-over-year revenue change (12.3% vs 8.6%). Salesforce produced more free cash flow last quarter ($2.2B vs $1.1B). Over the past eight quarters, CBRE Group's revenue compounded faster (21.1% CAGR vs 5.1%).
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
Salesforce, Inc., is an American cloud-based software company headquartered in San Francisco, California. It provides applications focused on sales, customer service, marketing automation, e-commerce, analytics, artificial intelligence, agentic AI, and application development.
CBRE vs CRM — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $11.5B | $10.3B |
| Net Profit | $416.0M | $2.1B |
| Gross Margin | 17.3% | 78.0% |
| Operating Margin | 5.4% | 21.3% |
| Net Margin | 3.6% | 20.3% |
| Revenue YoY | 12.3% | 8.6% |
| Net Profit YoY | -14.6% | 36.6% |
| EPS (diluted) | $1.38 | $2.19 |
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 | $11.5B | $10.3B | ||
| Q3 25 | $10.1B | $10.2B | ||
| Q2 25 | $9.6B | $9.8B | ||
| Q1 25 | $8.8B | $10.0B | ||
| Q4 24 | $10.2B | $9.4B | ||
| Q3 24 | $8.8B | $9.3B | ||
| Q2 24 | $8.2B | $9.1B | ||
| Q1 24 | $7.8B | $9.3B |
| Q4 25 | $416.0M | $2.1B | ||
| Q3 25 | $363.0M | $1.9B | ||
| Q2 25 | $215.0M | $1.5B | ||
| Q1 25 | $163.0M | $1.7B | ||
| Q4 24 | $487.0M | $1.5B | ||
| Q3 24 | $225.0M | $1.4B | ||
| Q2 24 | $130.0M | $1.5B | ||
| Q1 24 | $126.0M | $1.4B |
| Q4 25 | 17.3% | 78.0% | ||
| Q3 25 | 17.7% | 78.1% | ||
| Q2 25 | 17.1% | 77.0% | ||
| Q1 25 | 17.1% | 77.8% | ||
| Q4 24 | 18.7% | 77.7% | ||
| Q3 24 | 18.1% | 76.8% | ||
| Q2 24 | 17.6% | 76.3% | ||
| Q1 24 | 17.1% | 76.9% |
| Q4 25 | 5.4% | 21.3% | ||
| Q3 25 | 4.8% | 22.8% | ||
| Q2 25 | 3.9% | 19.8% | ||
| Q1 25 | 3.1% | 18.2% | ||
| Q4 24 | 5.8% | 20.0% | ||
| Q3 24 | 4.2% | 19.1% | ||
| Q2 24 | 3.0% | 18.7% | ||
| Q1 24 | 2.6% | 17.5% |
| Q4 25 | 3.6% | 20.3% | ||
| Q3 25 | 3.6% | 18.4% | ||
| Q2 25 | 2.2% | 15.7% | ||
| Q1 25 | 1.9% | 17.1% | ||
| Q4 24 | 4.8% | 16.2% | ||
| Q3 24 | 2.5% | 15.3% | ||
| Q2 24 | 1.6% | 16.8% | ||
| Q1 24 | 1.6% | 15.6% |
| Q4 25 | $1.38 | $2.19 | ||
| Q3 25 | $1.21 | $1.96 | ||
| Q2 25 | $0.72 | $1.59 | ||
| Q1 25 | $0.54 | $1.75 | ||
| Q4 24 | $1.58 | $1.58 | ||
| Q3 24 | $0.73 | $1.47 | ||
| Q2 24 | $0.42 | $1.56 | ||
| Q1 24 | $0.41 | $1.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.9B | $9.0B |
| Total DebtLower is stronger | — | $8.4B |
| Stockholders' EquityBook value | $8.9B | $60.0B |
| Total Assets | $30.9B | $95.1B |
| Debt / EquityLower = less leverage | — | 0.14× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $9.0B | ||
| Q3 25 | $1.7B | $10.4B | ||
| Q2 25 | $1.4B | $10.9B | ||
| Q1 25 | $1.4B | $8.8B | ||
| Q4 24 | $1.1B | $8.0B | ||
| Q3 24 | $1.0B | $7.7B | ||
| Q2 24 | $928.0M | $10.0B | ||
| Q1 24 | $1.0B | $8.5B |
| Q4 25 | — | $8.4B | ||
| Q3 25 | — | $8.4B | ||
| Q2 25 | — | $8.4B | ||
| Q1 25 | — | $8.4B | ||
| Q4 24 | — | $8.4B | ||
| Q3 24 | — | $8.4B | ||
| Q2 24 | — | $9.4B | ||
| Q1 24 | — | $9.4B |
| Q4 25 | $8.9B | $60.0B | ||
| Q3 25 | $8.5B | $61.3B | ||
| Q2 25 | $8.3B | $60.7B | ||
| Q1 25 | $8.3B | $61.2B | ||
| Q4 24 | $8.4B | $58.5B | ||
| Q3 24 | $8.7B | $57.6B | ||
| Q2 24 | $8.4B | $59.7B | ||
| Q1 24 | $8.3B | $59.6B |
| Q4 25 | $30.9B | $95.1B | ||
| Q3 25 | $28.6B | $97.6B | ||
| Q2 25 | $27.7B | $98.6B | ||
| Q1 25 | $26.4B | $102.9B | ||
| Q4 24 | $24.4B | $91.4B | ||
| Q3 24 | $24.8B | $92.2B | ||
| Q2 24 | $23.5B | $96.2B | ||
| Q1 24 | $23.0B | $99.8B |
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
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 | $2.3B |
| Free Cash FlowOCF − Capex | $1.1B | $2.2B |
| FCF MarginFCF / Revenue | 9.4% | 21.2% |
| Capex IntensityCapex / Revenue | 1.3% | 1.4% |
| Cash ConversionOCF / Net Profit | 2.94× | 1.11× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | $12.9B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $2.3B | ||
| Q3 25 | $827.0M | $740.0M | ||
| Q2 25 | $57.0M | $6.5B | ||
| Q1 25 | $-546.0M | $4.0B | ||
| Q4 24 | $1.3B | $2.0B | ||
| Q3 24 | $573.0M | $892.0M | ||
| Q2 24 | $287.0M | $6.2B | ||
| Q1 24 | $-492.0M | $3.4B |
| Q4 25 | $1.1B | $2.2B | ||
| Q3 25 | $743.0M | $605.0M | ||
| Q2 25 | $-17.0M | $6.3B | ||
| Q1 25 | $-610.0M | $3.8B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $494.0M | $755.0M | ||
| Q2 24 | $220.0M | $6.1B | ||
| Q1 24 | $-560.0M | $3.3B |
| Q4 25 | 9.4% | 21.2% | ||
| Q3 25 | 7.4% | 5.9% | ||
| Q2 25 | -0.2% | 64.1% | ||
| Q1 25 | -7.0% | 38.2% | ||
| Q4 24 | 12.2% | 18.8% | ||
| Q3 24 | 5.6% | 8.1% | ||
| Q2 24 | 2.7% | 66.6% | ||
| Q1 24 | -7.2% | 35.1% |
| Q4 25 | 1.3% | 1.4% | ||
| Q3 25 | 0.8% | 1.3% | ||
| Q2 25 | 0.8% | 1.8% | ||
| Q1 25 | 0.7% | 1.5% | ||
| Q4 24 | 0.9% | 2.2% | ||
| Q3 24 | 0.9% | 1.5% | ||
| Q2 24 | 0.8% | 1.8% | ||
| Q1 24 | 0.9% | 1.6% |
| Q4 25 | 2.94× | 1.11× | ||
| Q3 25 | 2.28× | 0.39× | ||
| Q2 25 | 0.27× | 4.20× | ||
| Q1 25 | -3.35× | 2.32× | ||
| Q4 24 | 2.75× | 1.30× | ||
| Q3 24 | 2.55× | 0.62× | ||
| Q2 24 | 2.21× | 4.08× | ||
| Q1 24 | -3.90× | 2.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
CRM
| Agentforce Service | $2.5B | 24% |
| Agentforce Sales | $2.3B | 22% |
| Agentforce360Platform Slack And Other | $2.2B | 21% |
| Agentforce Integration And Agentforce Analytics | $1.4B | 14% |
| Agentforce Marketing And Agentforce Commerce | $1.4B | 13% |
| Professional Servicesand Other | $533.0M | 5% |
