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Side-by-side financial comparison of CBRE Group (CBRE) and GLADSTONE COMMERCIAL CORP (GOOD). Click either name above to swap in a different company.
CBRE Group is the larger business by last-quarter revenue ($11.5B vs $43.5M, roughly 263.6× GLADSTONE COMMERCIAL CORP). GLADSTONE COMMERCIAL CORP runs the higher net margin — 12.4% vs 3.6%, a 8.8% gap on every dollar of revenue. On growth, GLADSTONE COMMERCIAL CORP posted the faster year-over-year revenue change (16.3% vs 12.3%). Over the past eight quarters, CBRE Group's revenue compounded faster (21.1% CAGR vs 10.3%).
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
Gladstone Commercial Corp is a publicly traded US real estate investment trust focused on acquiring, owning, and operating diversified industrial and commercial properties. It offers long-term net lease agreements to tenants across manufacturing, logistics, healthcare and professional services sectors, mainly serving small to mid-sized business clients.
CBRE vs GOOD — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $11.5B | $43.5M |
| Net Profit | $416.0M | $5.4M |
| Gross Margin | 17.3% | — |
| Operating Margin | 5.4% | — |
| Net Margin | 3.6% | 12.4% |
| Revenue YoY | 12.3% | 16.3% |
| Net Profit YoY | -14.6% | -25.1% |
| EPS (diluted) | $1.38 | $0.05 |
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 | $43.5M | ||
| Q3 25 | $10.1B | $40.8M | ||
| Q2 25 | $9.6B | $39.5M | ||
| Q1 25 | $8.8B | $37.5M | ||
| Q4 24 | $10.2B | $37.4M | ||
| Q3 24 | $8.8B | $39.2M | ||
| Q2 24 | $8.2B | $37.1M | ||
| Q1 24 | $7.8B | $35.7M |
| Q4 25 | $416.0M | $5.4M | ||
| Q3 25 | $363.0M | $4.1M | ||
| Q2 25 | $215.0M | $4.6M | ||
| Q1 25 | $163.0M | $5.1M | ||
| Q4 24 | $487.0M | $7.2M | ||
| Q3 24 | $225.0M | $11.7M | ||
| Q2 24 | $130.0M | $1.6M | ||
| Q1 24 | $126.0M | $3.5M |
| Q4 25 | 17.3% | — | ||
| Q3 25 | 17.7% | — | ||
| Q2 25 | 17.1% | — | ||
| Q1 25 | 17.1% | — | ||
| Q4 24 | 18.7% | — | ||
| Q3 24 | 18.1% | — | ||
| Q2 24 | 17.6% | — | ||
| Q1 24 | 17.1% | — |
| Q4 25 | 5.4% | — | ||
| Q3 25 | 4.8% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 4.2% | — | ||
| Q2 24 | 3.0% | — | ||
| Q1 24 | 2.6% | — |
| Q4 25 | 3.6% | 12.4% | ||
| Q3 25 | 3.6% | 10.1% | ||
| Q2 25 | 2.2% | 11.7% | ||
| Q1 25 | 1.9% | 13.7% | ||
| Q4 24 | 4.8% | 19.2% | ||
| Q3 24 | 2.5% | 29.8% | ||
| Q2 24 | 1.6% | 4.3% | ||
| Q1 24 | 1.6% | 9.9% |
| Q4 25 | $1.38 | $0.05 | ||
| Q3 25 | $1.21 | $0.02 | ||
| Q2 25 | $0.72 | $0.03 | ||
| Q1 25 | $0.54 | $0.04 | ||
| Q4 24 | $1.58 | $0.10 | ||
| Q3 24 | $0.73 | $0.20 | ||
| Q2 24 | $0.42 | $-0.04 | ||
| Q1 24 | $0.41 | $0.01 |
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 | $10.8M |
| Total DebtLower is stronger | — | $843.5M |
| Stockholders' EquityBook value | $8.9B | $171.8M |
| Total Assets | $30.9B | $1.2B |
| Debt / EquityLower = less leverage | — | 4.91× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $10.8M | ||
| Q3 25 | $1.7B | $18.4M | ||
| Q2 25 | $1.4B | $11.7M | ||
| Q1 25 | $1.4B | $10.4M | ||
| Q4 24 | $1.1B | $11.0M | ||
| Q3 24 | $1.0B | $10.5M | ||
| Q2 24 | $928.0M | $10.4M | ||
| Q1 24 | $1.0B | $10.5M |
| Q4 25 | — | $843.5M | ||
| Q3 25 | — | $843.3M | ||
| Q2 25 | — | $794.4M | ||
| Q1 25 | — | $740.7M | ||
| Q4 24 | — | $693.4M | ||
| Q3 24 | — | $692.6M | ||
| Q2 24 | — | $722.5M | ||
| Q1 24 | — | $719.4M |
| Q4 25 | $8.9B | $171.8M | ||
| Q3 25 | $8.5B | $184.8M | ||
| Q2 25 | $8.3B | $177.2M | ||
| Q1 25 | $8.3B | $183.2M | ||
| Q4 24 | $8.4B | $171.2M | ||
| Q3 24 | $8.7B | $168.9M | ||
| Q2 24 | $8.4B | $145.7M | ||
| Q1 24 | $8.3B | $147.3M |
| Q4 25 | $30.9B | $1.2B | ||
| Q3 25 | $28.6B | $1.3B | ||
| Q2 25 | $27.7B | $1.2B | ||
| Q1 25 | $26.4B | $1.2B | ||
| Q4 24 | $24.4B | $1.1B | ||
| Q3 24 | $24.8B | $1.1B | ||
| Q2 24 | $23.5B | $1.1B | ||
| Q1 24 | $23.0B | $1.1B |
| Q4 25 | — | 4.91× | ||
| Q3 25 | — | 4.56× | ||
| Q2 25 | — | 4.48× | ||
| Q1 25 | — | 4.04× | ||
| Q4 24 | — | 4.05× | ||
| Q3 24 | — | 4.10× | ||
| Q2 24 | — | 4.96× | ||
| Q1 24 | — | 4.88× |
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 | $15.7M |
| Free Cash FlowOCF − Capex | $1.1B | — |
| FCF MarginFCF / Revenue | 9.4% | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | 2.94× | 2.92× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $15.7M | ||
| Q3 25 | $827.0M | $18.9M | ||
| Q2 25 | $57.0M | $35.8M | ||
| Q1 25 | $-546.0M | $17.7M | ||
| Q4 24 | $1.3B | $22.8M | ||
| Q3 24 | $573.0M | $5.5M | ||
| Q2 24 | $287.0M | $13.6M | ||
| Q1 24 | $-492.0M | $15.0M |
| 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× | 2.92× | ||
| Q3 25 | 2.28× | 4.57× | ||
| Q2 25 | 0.27× | 7.74× | ||
| Q1 25 | -3.35× | 3.44× | ||
| Q4 24 | 2.75× | 3.17× | ||
| Q3 24 | 2.55× | 0.47× | ||
| Q2 24 | 2.21× | 8.44× | ||
| Q1 24 | -3.90× | 4.26× |
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% |
GOOD
Segment breakdown not available.
