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Side-by-side financial comparison of CBRE Group (CBRE) and ST JOE Co (JOE). Click either name above to swap in a different company.

CBRE Group is the larger business by last-quarter revenue ($11.5B vs $128.9M, roughly 88.9× ST JOE Co). ST JOE Co runs the higher net margin — 23.2% vs 3.6%, a 19.6% gap on every dollar of revenue. On growth, ST JOE Co posted the faster year-over-year revenue change (23.5% vs 12.3%). CBRE Group produced more free cash flow last quarter ($1.1B vs $43.9M). Over the past eight quarters, ST JOE Co's revenue compounded faster (21.2% CAGR vs 21.1%).

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

The St. Joe Company is a land development company headquartered in Panama City Beach, Florida. Founded in 1936 and until 1966 known as St. Joe Paper Company, the company still operates a forestry division but is primarily engaged in real estate development and asset management. The company's land holdings are concentrated in Northwest Florida with the vast majority located in Bay and Walton counties. Of the 110,500 acres The St. Joe Company owns that fall within the Bay-Walton Sector Plan, 53...

CBRE vs JOE — Head-to-Head

Bigger by revenue
CBRE
CBRE
88.9× larger
CBRE
$11.5B
$128.9M
JOE
Growing faster (revenue YoY)
JOE
JOE
+11.2% gap
JOE
23.5%
12.3%
CBRE
Higher net margin
JOE
JOE
19.6% more per $
JOE
23.2%
3.6%
CBRE
More free cash flow
CBRE
CBRE
$1.0B more FCF
CBRE
$1.1B
$43.9M
JOE
Faster 2-yr revenue CAGR
JOE
JOE
Annualised
JOE
21.2%
21.1%
CBRE

Income Statement — Q4 2025 vs Q4 2025

Metric
CBRE
CBRE
JOE
JOE
Revenue
$11.5B
$128.9M
Net Profit
$416.0M
$29.9M
Gross Margin
17.3%
45.4%
Operating Margin
5.4%
30.6%
Net Margin
3.6%
23.2%
Revenue YoY
12.3%
23.5%
Net Profit YoY
-14.6%
58.2%
EPS (diluted)
$1.38
$0.51

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.

Revenue
CBRE
CBRE
JOE
JOE
Q4 25
$11.5B
$128.9M
Q3 25
$10.1B
$161.1M
Q2 25
$9.6B
$129.1M
Q1 25
$8.8B
$94.2M
Q4 24
$10.2B
$104.3M
Q3 24
$8.8B
$99.0M
Q2 24
$8.2B
$111.6M
Q1 24
$7.8B
$87.8M
Net Profit
CBRE
CBRE
JOE
JOE
Q4 25
$416.0M
$29.9M
Q3 25
$363.0M
$38.7M
Q2 25
$215.0M
$29.5M
Q1 25
$163.0M
$17.5M
Q4 24
$487.0M
$18.9M
Q3 24
$225.0M
$16.8M
Q2 24
$130.0M
$24.5M
Q1 24
$126.0M
$13.9M
Gross Margin
CBRE
CBRE
JOE
JOE
Q4 25
17.3%
45.4%
Q3 25
17.7%
44.4%
Q2 25
17.1%
42.9%
Q1 25
17.1%
37.8%
Q4 24
18.7%
42.3%
Q3 24
18.1%
39.4%
Q2 24
17.6%
44.6%
Q1 24
17.1%
39.0%
Operating Margin
CBRE
CBRE
JOE
JOE
Q4 25
5.4%
30.6%
Q3 25
4.8%
32.9%
Q2 25
3.9%
28.6%
Q1 25
3.1%
17.9%
Q4 24
5.8%
24.7%
Q3 24
4.2%
21.5%
Q2 24
3.0%
29.2%
Q1 24
2.6%
18.2%
Net Margin
CBRE
CBRE
JOE
JOE
Q4 25
3.6%
23.2%
Q3 25
3.6%
24.0%
Q2 25
2.2%
22.9%
Q1 25
1.9%
18.5%
Q4 24
4.8%
18.1%
Q3 24
2.5%
17.0%
Q2 24
1.6%
22.0%
Q1 24
1.6%
15.9%
EPS (diluted)
CBRE
CBRE
JOE
JOE
Q4 25
$1.38
$0.51
Q3 25
$1.21
$0.67
Q2 25
$0.72
$0.51
Q1 25
$0.54
$0.30
Q4 24
$1.58
$0.32
Q3 24
$0.73
$0.29
Q2 24
$0.42
$0.42
Q1 24
$0.41
$0.24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CBRE
CBRE
JOE
JOE
Cash + ST InvestmentsLiquidity on hand
$1.9B
$129.6M
Total DebtLower is stronger
$391.2M
Stockholders' EquityBook value
$8.9B
$766.3M
Total Assets
$30.9B
$1.5B
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBRE
CBRE
JOE
JOE
Q4 25
$1.9B
$129.6M
Q3 25
$1.7B
$126.1M
Q2 25
$1.4B
$88.2M
Q1 25
$1.4B
$94.5M
Q4 24
$1.1B
$88.8M
Q3 24
$1.0B
$82.7M
Q2 24
$928.0M
$86.7M
Q1 24
$1.0B
$89.8M
Total Debt
CBRE
CBRE
JOE
JOE
Q4 25
$391.2M
Q3 25
$399.0M
Q2 25
$427.3M
Q1 25
$434.8M
Q4 24
$437.8M
Q3 24
$443.3M
Q2 24
$447.4M
Q1 24
$452.0M
Stockholders' Equity
CBRE
CBRE
JOE
JOE
Q4 25
$8.9B
$766.3M
Q3 25
$8.5B
$760.7M
Q2 25
$8.3B
$738.8M
Q1 25
$8.3B
$727.9M
Q4 24
$8.4B
$724.3M
Q3 24
$8.7B
$716.4M
Q2 24
$8.4B
$708.1M
Q1 24
$8.3B
$690.4M
Total Assets
CBRE
CBRE
JOE
JOE
Q4 25
$30.9B
$1.5B
Q3 25
$28.6B
$1.5B
Q2 25
$27.7B
$1.5B
Q1 25
$26.4B
$1.5B
Q4 24
$24.4B
$1.5B
Q3 24
$24.8B
$1.5B
Q2 24
$23.5B
$1.6B
Q1 24
$23.0B
$1.5B
Debt / Equity
CBRE
CBRE
JOE
JOE
Q4 25
0.51×
Q3 25
0.52×
Q2 25
0.58×
Q1 25
0.60×
Q4 24
0.60×
Q3 24
0.62×
Q2 24
0.63×
Q1 24
0.65×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CBRE
CBRE
JOE
JOE
Operating Cash FlowLast quarter
$1.2B
$44.4M
Free Cash FlowOCF − Capex
$1.1B
$43.9M
FCF MarginFCF / Revenue
9.4%
34.0%
Capex IntensityCapex / Revenue
1.3%
0.4%
Cash ConversionOCF / Net Profit
2.94×
1.48×
TTM Free Cash FlowTrailing 4 quarters
$1.2B
$186.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBRE
CBRE
JOE
JOE
Q4 25
$1.2B
$44.4M
Q3 25
$827.0M
$86.2M
Q2 25
$57.0M
$31.1M
Q1 25
$-546.0M
$29.0M
Q4 24
$1.3B
$29.8M
Q3 24
$573.0M
$27.7M
Q2 24
$287.0M
$22.8M
Q1 24
$-492.0M
$27.6M
Free Cash Flow
CBRE
CBRE
JOE
JOE
Q4 25
$1.1B
$43.9M
Q3 25
$743.0M
$85.2M
Q2 25
$-17.0M
$29.7M
Q1 25
$-610.0M
$27.8M
Q4 24
$1.2B
$27.6M
Q3 24
$494.0M
$25.9M
Q2 24
$220.0M
$21.5M
Q1 24
$-560.0M
$25.2M
FCF Margin
CBRE
CBRE
JOE
JOE
Q4 25
9.4%
34.0%
Q3 25
7.4%
52.9%
Q2 25
-0.2%
23.0%
Q1 25
-7.0%
29.6%
Q4 24
12.2%
26.5%
Q3 24
5.6%
26.2%
Q2 24
2.7%
19.3%
Q1 24
-7.2%
28.7%
Capex Intensity
CBRE
CBRE
JOE
JOE
Q4 25
1.3%
0.4%
Q3 25
0.8%
0.6%
Q2 25
0.8%
1.0%
Q1 25
0.7%
1.2%
Q4 24
0.9%
2.1%
Q3 24
0.9%
1.8%
Q2 24
0.8%
1.2%
Q1 24
0.9%
2.7%
Cash Conversion
CBRE
CBRE
JOE
JOE
Q4 25
2.94×
1.48×
Q3 25
2.28×
2.23×
Q2 25
0.27×
1.05×
Q1 25
-3.35×
1.66×
Q4 24
2.75×
1.58×
Q3 24
2.55×
1.65×
Q2 24
2.21×
0.93×
Q1 24
-3.90×
1.98×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CBRE
CBRE

Other$5.8B51%
Project Management Segment$2.2B19%
Advisory Leasing$1.5B13%
Advisory Sales$756.0M7%
Property Management$695.0M6%
Investment Management Property Management Brokerage And Other Professional Services$156.0M1%
Commercial Mortgage Origination$95.0M1%
Other Portfolio Services$87.0M1%
Loan Servicing$73.0M1%
Real Estate Development Services$60.0M1%

JOE
JOE

Residential Real Estate Segment$57.2M44%
Hospitality Segment$47.4M37%
Commercial$20.5M16%
Sjbb Llc$2.8M2%

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