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Side-by-side financial comparison of CBRE Group (CBRE) and Mastercard (MA). Click either name above to swap in a different company.
CBRE Group is the larger business by last-quarter revenue ($11.5B vs $8.8B, roughly 1.3× Mastercard). Mastercard runs the higher net margin — 46.1% vs 3.6%, a 42.5% gap on every dollar of revenue. On growth, Mastercard posted the faster year-over-year revenue change (17.6% vs 12.3%). Mastercard produced more free cash flow last quarter ($4.9B vs $1.1B). Over the past eight quarters, CBRE Group's revenue compounded faster (21.1% CAGR vs 17.8%).
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
Mastercard Inc. is an American multinational payment card services corporation headquartered in Purchase, New York. It offers a range of payment transaction processing and other related-payment services. Throughout the world, its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the Mastercard-brand debit, credit and prepaid cards to make purchases. Mastercard has been publicly traded since 2006.
CBRE vs MA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.5B | $8.8B |
| Net Profit | $416.0M | $4.1B |
| Gross Margin | 17.3% | — |
| Operating Margin | 5.4% | 55.8% |
| Net Margin | 3.6% | 46.1% |
| Revenue YoY | 12.3% | 17.6% |
| Net Profit YoY | -14.6% | 21.5% |
| EPS (diluted) | $1.38 | $4.52 |
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 | $8.8B | ||
| Q3 25 | $10.1B | $8.6B | ||
| Q2 25 | $9.6B | $8.1B | ||
| Q1 25 | $8.8B | $7.3B | ||
| Q4 24 | $10.2B | $7.5B | ||
| Q3 24 | $8.8B | $7.4B | ||
| Q2 24 | $8.2B | $7.0B | ||
| Q1 24 | $7.8B | $6.3B |
| Q4 25 | $416.0M | $4.1B | ||
| Q3 25 | $363.0M | $3.9B | ||
| Q2 25 | $215.0M | $3.7B | ||
| Q1 25 | $163.0M | $3.3B | ||
| Q4 24 | $487.0M | $3.3B | ||
| Q3 24 | $225.0M | $3.3B | ||
| Q2 24 | $130.0M | $3.3B | ||
| Q1 24 | $126.0M | $3.0B |
| 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% | 55.8% | ||
| Q3 25 | 4.8% | 58.8% | ||
| Q2 25 | 3.9% | 58.7% | ||
| Q1 25 | 3.1% | 57.2% | ||
| Q4 24 | 5.8% | 52.6% | ||
| Q3 24 | 4.2% | 54.3% | ||
| Q2 24 | 3.0% | 58.0% | ||
| Q1 24 | 2.6% | 56.8% |
| Q4 25 | 3.6% | 46.1% | ||
| Q3 25 | 3.6% | 45.7% | ||
| Q2 25 | 2.2% | 45.5% | ||
| Q1 25 | 1.9% | 45.2% | ||
| Q4 24 | 4.8% | 44.6% | ||
| Q3 24 | 2.5% | 44.3% | ||
| Q2 24 | 1.6% | 46.8% | ||
| Q1 24 | 1.6% | 47.4% |
| Q4 25 | $1.38 | $4.52 | ||
| Q3 25 | $1.21 | $4.34 | ||
| Q2 25 | $0.72 | $4.07 | ||
| Q1 25 | $0.54 | $3.59 | ||
| Q4 24 | $1.58 | $3.64 | ||
| Q3 24 | $0.73 | $3.53 | ||
| Q2 24 | $0.42 | $3.50 | ||
| Q1 24 | $0.41 | $3.22 |
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 | $10.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.9B | $7.7B |
| Total Assets | $30.9B | $54.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $10.6B | ||
| Q3 25 | $1.7B | $10.3B | ||
| Q2 25 | $1.4B | $9.0B | ||
| Q1 25 | $1.4B | $7.6B | ||
| Q4 24 | $1.1B | $8.4B | ||
| Q3 24 | $1.0B | $11.1B | ||
| Q2 24 | $928.0M | $7.0B | ||
| Q1 24 | $1.0B | $7.3B |
| Q4 25 | $8.9B | $7.7B | ||
| Q3 25 | $8.5B | $7.9B | ||
| Q2 25 | $8.3B | $7.9B | ||
| Q1 25 | $8.3B | $6.7B | ||
| Q4 24 | $8.4B | $6.5B | ||
| Q3 24 | $8.7B | $7.4B | ||
| Q2 24 | $8.4B | $7.4B | ||
| Q1 24 | $8.3B | $7.2B |
| Q4 25 | $30.9B | $54.2B | ||
| Q3 25 | $28.6B | $53.3B | ||
| Q2 25 | $27.7B | $51.4B | ||
| Q1 25 | $26.4B | $48.5B | ||
| Q4 24 | $24.4B | $48.1B | ||
| Q3 24 | $24.8B | $47.2B | ||
| Q2 24 | $23.5B | $42.3B | ||
| Q1 24 | $23.0B | $42.6B |
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 | $5.0B |
| Free Cash FlowOCF − Capex | $1.1B | $4.9B |
| FCF MarginFCF / Revenue | 9.4% | 55.5% |
| Capex IntensityCapex / Revenue | 1.3% | 1.3% |
| Cash ConversionOCF / Net Profit | 2.94× | 1.23× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | $17.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $5.0B | ||
| Q3 25 | $827.0M | $5.7B | ||
| Q2 25 | $57.0M | $4.6B | ||
| Q1 25 | $-546.0M | $2.4B | ||
| Q4 24 | $1.3B | $4.8B | ||
| Q3 24 | $573.0M | $5.1B | ||
| Q2 24 | $287.0M | $3.1B | ||
| Q1 24 | $-492.0M | $1.7B |
| Q4 25 | $1.1B | $4.9B | ||
| Q3 25 | $743.0M | $5.5B | ||
| Q2 25 | $-17.0M | $4.6B | ||
| Q1 25 | $-610.0M | $2.2B | ||
| Q4 24 | $1.2B | $4.7B | ||
| Q3 24 | $494.0M | $5.0B | ||
| Q2 24 | $220.0M | $3.0B | ||
| Q1 24 | $-560.0M | $1.5B |
| Q4 25 | 9.4% | 55.5% | ||
| Q3 25 | 7.4% | 63.8% | ||
| Q2 25 | -0.2% | 56.1% | ||
| Q1 25 | -7.0% | 30.6% | ||
| Q4 24 | 12.2% | 63.3% | ||
| Q3 24 | 5.6% | 68.2% | ||
| Q2 24 | 2.7% | 43.4% | ||
| Q1 24 | -7.2% | 23.9% |
| Q4 25 | 1.3% | 1.3% | ||
| Q3 25 | 0.8% | 2.1% | ||
| Q2 25 | 0.8% | 0.5% | ||
| Q1 25 | 0.7% | 2.2% | ||
| Q4 24 | 0.9% | 1.3% | ||
| Q3 24 | 0.9% | 1.5% | ||
| Q2 24 | 0.8% | 1.7% | ||
| Q1 24 | 0.9% | 2.5% |
| Q4 25 | 2.94× | 1.23× | ||
| Q3 25 | 2.28× | 1.44× | ||
| Q2 25 | 0.27× | 1.24× | ||
| Q1 25 | -3.35× | 0.73× | ||
| Q4 24 | 2.75× | 1.45× | ||
| Q3 24 | 2.55× | 1.57× | ||
| Q2 24 | 2.21× | 0.96× | ||
| Q1 24 | -3.90× | 0.56× |
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% |
MA
| Payment Network | $4.9B | 56% |
| Value Added Services And Solutions | $3.9B | 44% |
