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Side-by-side financial comparison of CBRE Group (CBRE) and KKR & Co. (KKR). Click either name above to swap in a different company.
CBRE Group is the larger business by last-quarter revenue ($11.5B vs $5.7B, roughly 2.0× KKR & Co.). KKR & Co. runs the higher net margin — 20.0% vs 3.6%, a 16.3% gap on every dollar of revenue. On growth, KKR & Co. posted the faster year-over-year revenue change (76.1% vs 12.3%). Over the past eight quarters, CBRE Group's revenue compounded faster (21.1% CAGR vs -22.9%).
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
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global private equity and investment company. As of December 31, 2024, the firm had completed 770 private-equity investments with approximately $790 billion of total enterprise value. Its assets under management (AUM) and fee paying assets under management (FPAUM) were $553 billion and $446 billion, respectively.
CBRE vs KKR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.5B | $5.7B |
| Net Profit | $416.0M | $1.1B |
| Gross Margin | 17.3% | — |
| Operating Margin | 5.4% | 45.3% |
| Net Margin | 3.6% | 20.0% |
| Revenue YoY | 12.3% | 76.1% |
| Net Profit YoY | -14.6% | 1.8% |
| EPS (diluted) | $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 | $11.5B | $5.7B | ||
| Q3 25 | $10.1B | $5.5B | ||
| Q2 25 | $9.6B | $5.1B | ||
| Q1 25 | $8.8B | $3.1B | ||
| Q4 24 | $10.2B | $3.3B | ||
| Q3 24 | $8.8B | $4.8B | ||
| Q2 24 | $8.2B | $4.2B | ||
| Q1 24 | $7.8B | $9.7B |
| Q4 25 | $416.0M | $1.1B | ||
| Q3 25 | $363.0M | $900.4M | ||
| Q2 25 | $215.0M | $510.1M | ||
| Q1 25 | $163.0M | $-185.9M | ||
| Q4 24 | $487.0M | $1.1B | ||
| Q3 24 | $225.0M | $600.5M | ||
| Q2 24 | $130.0M | $667.9M | ||
| Q1 24 | $126.0M | $682.2M |
| 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% | 45.3% | ||
| Q3 25 | 4.8% | 39.8% | ||
| Q2 25 | 3.9% | 30.0% | ||
| Q1 25 | 3.1% | 24.8% | ||
| Q4 24 | 5.8% | 50.4% | ||
| Q3 24 | 4.2% | 34.3% | ||
| Q2 24 | 3.0% | 29.0% | ||
| Q1 24 | 2.6% | 14.1% |
| Q4 25 | 3.6% | 20.0% | ||
| Q3 25 | 3.6% | 16.3% | ||
| Q2 25 | 2.2% | 10.0% | ||
| Q1 25 | 1.9% | -6.0% | ||
| Q4 24 | 4.8% | 34.5% | ||
| Q3 24 | 2.5% | 12.5% | ||
| Q2 24 | 1.6% | 16.0% | ||
| Q1 24 | 1.6% | 7.1% |
| Q4 25 | $1.38 | — | ||
| Q3 25 | $1.21 | — | ||
| Q2 25 | $0.72 | — | ||
| Q1 25 | $0.54 | — | ||
| Q4 24 | $1.58 | — | ||
| Q3 24 | $0.73 | — | ||
| Q2 24 | $0.42 | — | ||
| Q1 24 | $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 | $1.9B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.9B | $30.9B |
| Total Assets | $30.9B | $410.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $928.0M | — | ||
| Q1 24 | $1.0B | — |
| Q4 25 | $8.9B | $30.9B | ||
| Q3 25 | $8.5B | $29.7B | ||
| Q2 25 | $8.3B | $28.2B | ||
| Q1 25 | $8.3B | $27.5B | ||
| Q4 24 | $8.4B | $23.7B | ||
| Q3 24 | $8.7B | $24.1B | ||
| Q2 24 | $8.4B | $21.7B | ||
| Q1 24 | $8.3B | $21.4B |
| Q4 25 | $30.9B | $410.1B | ||
| Q3 25 | $28.6B | $398.5B | ||
| Q2 25 | $27.7B | $380.9B | ||
| Q1 25 | $26.4B | $372.4B | ||
| Q4 24 | $24.4B | $360.1B | ||
| Q3 24 | $24.8B | $360.7B | ||
| Q2 24 | $23.5B | $348.5B | ||
| Q1 24 | $23.0B | $339.8B |
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 | $-4.9B |
| Free Cash FlowOCF − Capex | $1.1B | — |
| FCF MarginFCF / Revenue | 9.4% | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | 2.94× | -4.28× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $-4.9B | ||
| Q3 25 | $827.0M | $2.4B | ||
| Q2 25 | $57.0M | $438.8M | ||
| Q1 25 | $-546.0M | $2.5B | ||
| Q4 24 | $1.3B | $-111.7M | ||
| Q3 24 | $573.0M | $1.9B | ||
| Q2 24 | $287.0M | $3.4B | ||
| Q1 24 | $-492.0M | $1.5B |
| 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× | -4.28× | ||
| Q3 25 | 2.28× | 2.65× | ||
| Q2 25 | 0.27× | 0.86× | ||
| Q1 25 | -3.35× | — | ||
| Q4 24 | 2.75× | -0.10× | ||
| Q3 24 | 2.55× | 3.12× | ||
| Q2 24 | 2.21× | 5.03× | ||
| Q1 24 | -3.90× | 2.24× |
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% |
KKR
| Insurance Segment | $3.5B | 61% |
| Asset Management1 | $703.7M | 12% |
| Transaction Fee | $512.0M | 9% |
| Transaction And Monitoring Fees | $268.7M | 5% |
| Fee Credit | $230.1M | 4% |
| Other | $201.5M | 4% |
| Fixed Annuity | $77.0M | 1% |
| Asset Management Segment | $56.9M | 1% |
| Monitoring Fee | $53.5M | 1% |
| Investment Advice | $40.6M | 1% |
| Fee Related Performance | $33.6M | 1% |
| Interest Sensitive Life | $21.7M | 0% |
| Incentive Fee | $11.0M | 0% |
