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Side-by-side financial comparison of CBRE Group (CBRE) and CarMax (KMX). Click either name above to swap in a different company.
CBRE Group is the larger business by last-quarter revenue ($10.5B vs $5.8B, roughly 1.8× CarMax). CBRE Group runs the higher net margin — 3.0% vs 1.1%, a 1.9% gap on every dollar of revenue. On growth, CBRE Group posted the faster year-over-year revenue change (22.0% vs -6.9%). CarMax produced more free cash flow last quarter ($1.1B vs $-605.0M). Over the past eight quarters, CBRE Group's revenue compounded faster (13.0% CAGR vs 1.5%).
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
CarMax, Inc. is a used vehicle retailer based in the United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. The company began as a side business of Circuit City Corporation, Inc., opening its first location in September 1993 in Richmond, Virginia. As of January 2025, CarMax operates 253 locations.
CBRE vs KMX — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $10.5B | $5.8B |
| Net Profit | $318.0M | $62.2M |
| Gross Margin | 17.6% | 10.2% |
| Operating Margin | 4.9% | — |
| Net Margin | 3.0% | 1.1% |
| Revenue YoY | 22.0% | -6.9% |
| Net Profit YoY | 95.1% | -50.4% |
| EPS (diluted) | — | $0.43 |
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.
| Q1 26 | $10.5B | — | ||
| Q4 25 | $11.5B | $5.8B | ||
| Q3 25 | $10.1B | $6.6B | ||
| Q2 25 | $9.6B | $7.5B | ||
| Q1 25 | $8.8B | $6.0B | ||
| Q4 24 | $10.2B | $6.2B | ||
| Q3 24 | $8.8B | $7.0B | ||
| Q2 24 | $8.2B | $7.1B |
| Q1 26 | $318.0M | — | ||
| Q4 25 | $416.0M | $62.2M | ||
| Q3 25 | $363.0M | $95.4M | ||
| Q2 25 | $215.0M | $210.4M | ||
| Q1 25 | $163.0M | $89.9M | ||
| Q4 24 | $487.0M | $125.4M | ||
| Q3 24 | $225.0M | $132.8M | ||
| Q2 24 | $130.0M | $152.4M |
| Q1 26 | 17.6% | — | ||
| Q4 25 | 17.3% | 10.2% | ||
| Q3 25 | 17.7% | 10.9% | ||
| Q2 25 | 17.1% | 11.8% | ||
| Q1 25 | 17.1% | 11.1% | ||
| Q4 24 | 18.7% | 10.9% | ||
| Q3 24 | 18.1% | 10.8% | ||
| Q2 24 | 17.6% | 11.1% |
| Q1 26 | 4.9% | — | ||
| Q4 25 | 5.4% | — | ||
| Q3 25 | 4.8% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | 3.1% | 2.0% | ||
| Q4 24 | 5.8% | 2.7% | ||
| Q3 24 | 4.2% | 2.5% | ||
| Q2 24 | 3.0% | 2.9% |
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.6% | 1.1% | ||
| Q3 25 | 3.6% | 1.4% | ||
| Q2 25 | 2.2% | 2.8% | ||
| Q1 25 | 1.9% | 1.5% | ||
| Q4 24 | 4.8% | 2.0% | ||
| Q3 24 | 2.5% | 1.9% | ||
| Q2 24 | 1.6% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | $1.38 | $0.43 | ||
| Q3 25 | $1.21 | $0.64 | ||
| Q2 25 | $0.72 | $1.38 | ||
| Q1 25 | $0.54 | $0.58 | ||
| Q4 24 | $1.58 | $0.81 | ||
| Q3 24 | $0.73 | $0.85 | ||
| Q2 24 | $0.42 | $0.97 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.7B | $204.9M |
| Total DebtLower is stronger | $5.1B | $16.6B |
| Stockholders' EquityBook value | $8.9B | $6.1B |
| Total Assets | $30.2B | $25.6B |
| Debt / EquityLower = less leverage | 0.57× | 2.74× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.9B | $204.9M | ||
| Q3 25 | $1.7B | $540.4M | ||
| Q2 25 | $1.4B | $262.8M | ||
| Q1 25 | $1.4B | $247.0M | ||
| Q4 24 | $1.1B | $271.9M | ||
| Q3 24 | $1.0B | $524.7M | ||
| Q2 24 | $928.0M | $218.9M |
| Q1 26 | $5.1B | — | ||
| Q4 25 | — | $16.6B | ||
| Q3 25 | — | $17.8B | ||
| Q2 25 | — | $18.0B | ||
| Q1 25 | — | $18.1B | ||
| Q4 24 | — | $18.1B | ||
| Q3 24 | — | $18.1B | ||
| Q2 24 | — | $18.2B |
| Q1 26 | $8.9B | — | ||
| Q4 25 | $8.9B | $6.1B | ||
| Q3 25 | $8.5B | $6.2B | ||
| Q2 25 | $8.3B | $6.3B | ||
| Q1 25 | $8.3B | $6.2B | ||
| Q4 24 | $8.4B | $6.2B | ||
| Q3 24 | $8.7B | $6.2B | ||
| Q2 24 | $8.4B | $6.2B |
| Q1 26 | $30.2B | — | ||
| Q4 25 | $30.9B | $25.6B | ||
| Q3 25 | $28.6B | $27.1B | ||
| Q2 25 | $27.7B | $27.4B | ||
| Q1 25 | $26.4B | $27.4B | ||
| Q4 24 | $24.4B | $27.3B | ||
| Q3 24 | $24.8B | $27.3B | ||
| Q2 24 | $23.5B | $27.2B |
| Q1 26 | 0.57× | — | ||
| Q4 25 | — | 2.74× | ||
| Q3 25 | — | 2.87× | ||
| Q2 25 | — | 2.86× | ||
| Q1 25 | — | 2.91× | ||
| Q4 24 | — | 2.92× | ||
| Q3 24 | — | 2.93× | ||
| Q2 24 | — | 2.95× |
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 | $-825.0M | $1.3B |
| Free Cash FlowOCF − Capex | $-605.0M | $1.1B |
| FCF MarginFCF / Revenue | -5.7% | 19.2% |
| Capex IntensityCapex / Revenue | 0.8% | 2.4% |
| Cash ConversionOCF / Net Profit | -2.59× | 20.14× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | $1.9B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-825.0M | — | ||
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $827.0M | $785.5M | ||
| Q2 25 | $57.0M | $299.5M | ||
| Q1 25 | $-546.0M | $146.4M | ||
| Q4 24 | $1.3B | $-23.4M | ||
| Q3 24 | $573.0M | $619.1M | ||
| Q2 24 | $287.0M | $-117.7M |
| Q1 26 | $-605.0M | — | ||
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $743.0M | $654.0M | ||
| Q2 25 | $-17.0M | $162.8M | ||
| Q1 25 | $-610.0M | $18.8M | ||
| Q4 24 | $1.2B | $-150.6M | ||
| Q3 24 | $494.0M | $509.9M | ||
| Q2 24 | $220.0M | $-221.6M |
| Q1 26 | -5.7% | — | ||
| Q4 25 | 9.4% | 19.2% | ||
| Q3 25 | 7.4% | 9.9% | ||
| Q2 25 | -0.2% | 2.2% | ||
| Q1 25 | -7.0% | 0.3% | ||
| Q4 24 | 12.2% | -2.4% | ||
| Q3 24 | 5.6% | 7.3% | ||
| Q2 24 | 2.7% | -3.1% |
| Q1 26 | 0.8% | — | ||
| Q4 25 | 1.3% | 2.4% | ||
| Q3 25 | 0.8% | 2.0% | ||
| Q2 25 | 0.8% | 1.8% | ||
| Q1 25 | 0.7% | 2.1% | ||
| Q4 24 | 0.9% | 2.0% | ||
| Q3 24 | 0.9% | 1.6% | ||
| Q2 24 | 0.8% | 1.5% |
| Q1 26 | -2.59× | — | ||
| Q4 25 | 2.94× | 20.14× | ||
| Q3 25 | 2.28× | 8.24× | ||
| Q2 25 | 0.27× | 1.42× | ||
| Q1 25 | -3.35× | 1.63× | ||
| Q4 24 | 2.75× | -0.19× | ||
| Q3 24 | 2.55× | 4.66× | ||
| Q2 24 | 2.21× | -0.77× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBRE
Segment breakdown not available.
KMX
| Used Vehicles | $4.5B | 78% |
| Wholesale Vehicles | $1.1B | 19% |
| Other | $150.6M | 3% |
| Extendedprotectionplan Domain | $96.6M | 2% |
| Advertising Subscription Revenues Domain | $35.1M | 1% |
| Service Domain | $18.5M | 0% |
| Thirdpartyfinancefees Domain | $3.0M | 0% |
