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

PepsiCo is the larger business by last-quarter revenue ($19.4B vs $10.5B, roughly 1.8× CBRE Group). PepsiCo runs the higher net margin — 12.0% vs 3.0%, a 9.0% gap on every dollar of revenue. On growth, CBRE Group posted the faster year-over-year revenue change (22.0% vs 8.5%). Over the past eight quarters, CBRE Group's revenue compounded faster (13.0% CAGR vs -7.0%).

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

PepsiCo, Inc. is an American multinational food and beverage corporation headquartered in Harrison, New York, in the hamlet of Purchase. PepsiCo's business encompasses all aspects of the food and beverage market. It oversees the manufacturing, distribution, and marketing of its products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc., PepsiCo has since expanded from its namesake product Pepsi to an immensely diversified range of food and beverage brands.

CBRE vs PEP — Head-to-Head

Bigger by revenue
PEP
PEP
1.8× larger
PEP
$19.4B
$10.5B
CBRE
Growing faster (revenue YoY)
CBRE
CBRE
+13.5% gap
CBRE
22.0%
8.5%
PEP
Higher net margin
PEP
PEP
9.0% more per $
PEP
12.0%
3.0%
CBRE
Faster 2-yr revenue CAGR
CBRE
CBRE
Annualised
CBRE
13.0%
-7.0%
PEP

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CBRE
CBRE
PEP
PEP
Revenue
$10.5B
$19.4B
Net Profit
$318.0M
$2.3B
Gross Margin
17.6%
55.2%
Operating Margin
4.9%
16.5%
Net Margin
3.0%
12.0%
Revenue YoY
22.0%
8.5%
Net Profit YoY
95.1%
EPS (diluted)

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
PEP
PEP
Q1 26
$10.5B
$19.4B
Q4 25
$11.5B
$29.3B
Q3 25
$10.1B
$23.9B
Q2 25
$9.6B
$22.7B
Q1 25
$8.8B
$17.9B
Q4 24
$10.2B
$27.8B
Q3 24
$8.8B
$23.3B
Q2 24
$8.2B
$22.5B
Net Profit
CBRE
CBRE
PEP
PEP
Q1 26
$318.0M
$2.3B
Q4 25
$416.0M
$2.5B
Q3 25
$363.0M
$2.6B
Q2 25
$215.0M
$1.3B
Q1 25
$163.0M
$1.8B
Q4 24
$487.0M
$1.5B
Q3 24
$225.0M
$2.9B
Q2 24
$130.0M
$3.1B
Gross Margin
CBRE
CBRE
PEP
PEP
Q1 26
17.6%
55.2%
Q4 25
17.3%
53.2%
Q3 25
17.7%
53.6%
Q2 25
17.1%
54.7%
Q1 25
17.1%
55.8%
Q4 24
18.7%
52.6%
Q3 24
18.1%
55.4%
Q2 24
17.6%
55.9%
Operating Margin
CBRE
CBRE
PEP
PEP
Q1 26
4.9%
16.5%
Q4 25
5.4%
12.1%
Q3 25
4.8%
14.9%
Q2 25
3.9%
7.9%
Q1 25
3.1%
14.4%
Q4 24
5.8%
8.1%
Q3 24
4.2%
16.6%
Q2 24
3.0%
18.0%
Net Margin
CBRE
CBRE
PEP
PEP
Q1 26
3.0%
12.0%
Q4 25
3.6%
8.7%
Q3 25
3.6%
10.9%
Q2 25
2.2%
5.6%
Q1 25
1.9%
10.2%
Q4 24
4.8%
5.5%
Q3 24
2.5%
12.6%
Q2 24
1.6%
13.7%
EPS (diluted)
CBRE
CBRE
PEP
PEP
Q1 26
Q4 25
$1.38
$1.85
Q3 25
$1.21
$1.90
Q2 25
$0.72
$0.92
Q1 25
$0.54
$1.33
Q4 24
$1.58
$1.11
Q3 24
$0.73
$2.13
Q2 24
$0.42
$2.23

Balance Sheet & Financial Strength

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

Metric
CBRE
CBRE
PEP
PEP
Cash + ST InvestmentsLiquidity on hand
$1.7B
$10.8B
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$8.9B
$21.5B
Total Assets
$30.2B
$110.6B
Debt / EquityLower = less leverage
0.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBRE
CBRE
PEP
PEP
Q1 26
$1.7B
$10.8B
Q4 25
$1.9B
$9.5B
Q3 25
$1.7B
$8.7B
Q2 25
$1.4B
$8.0B
Q1 25
$1.4B
$8.6B
Q4 24
$1.1B
$9.3B
Q3 24
$1.0B
$8.1B
Q2 24
$928.0M
$6.7B
Total Debt
CBRE
CBRE
PEP
PEP
Q1 26
$5.1B
Q4 25
$42.3B
Q3 25
$44.1B
Q2 25
$39.3B
Q1 25
$39.4B
Q4 24
$37.2B
Q3 24
$38.5B
Q2 24
$36.6B
Stockholders' Equity
CBRE
CBRE
PEP
PEP
Q1 26
$8.9B
$21.5B
Q4 25
$8.9B
$20.4B
Q3 25
$8.5B
$19.4B
Q2 25
$8.3B
$18.4B
Q1 25
$8.3B
$18.4B
Q4 24
$8.4B
$18.0B
Q3 24
$8.7B
$19.5B
Q2 24
$8.4B
$19.4B
Total Assets
CBRE
CBRE
PEP
PEP
Q1 26
$30.2B
$110.6B
Q4 25
$30.9B
$107.4B
Q3 25
$28.6B
$106.6B
Q2 25
$27.7B
$105.3B
Q1 25
$26.4B
$101.7B
Q4 24
$24.4B
$99.5B
Q3 24
$24.8B
$100.5B
Q2 24
$23.5B
$99.5B
Debt / Equity
CBRE
CBRE
PEP
PEP
Q1 26
0.57×
Q4 25
2.07×
Q3 25
2.28×
Q2 25
2.14×
Q1 25
2.14×
Q4 24
2.06×
Q3 24
1.98×
Q2 24
1.88×

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
PEP
PEP
Operating Cash FlowLast quarter
$-825.0M
Free Cash FlowOCF − Capex
$-605.0M
FCF MarginFCF / Revenue
-5.7%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
-2.59×
TTM Free Cash FlowTrailing 4 quarters
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBRE
CBRE
PEP
PEP
Q1 26
$-825.0M
Q4 25
$1.2B
$6.6B
Q3 25
$827.0M
$4.5B
Q2 25
$57.0M
$2.0B
Q1 25
$-546.0M
$-973.0M
Q4 24
$1.3B
$6.3B
Q3 24
$573.0M
$4.9B
Q2 24
$287.0M
$2.4B
Free Cash Flow
CBRE
CBRE
PEP
PEP
Q1 26
$-605.0M
Q4 25
$1.1B
$4.7B
Q3 25
$743.0M
$3.5B
Q2 25
$-17.0M
$1.1B
Q1 25
$-610.0M
$-1.6B
Q4 24
$1.2B
$3.8B
Q3 24
$494.0M
$3.8B
Q2 24
$220.0M
$1.3B
FCF Margin
CBRE
CBRE
PEP
PEP
Q1 26
-5.7%
Q4 25
9.4%
16.0%
Q3 25
7.4%
14.5%
Q2 25
-0.2%
4.7%
Q1 25
-7.0%
-8.8%
Q4 24
12.2%
13.7%
Q3 24
5.6%
16.1%
Q2 24
2.7%
5.6%
Capex Intensity
CBRE
CBRE
PEP
PEP
Q1 26
0.8%
Q4 25
1.3%
6.5%
Q3 25
0.8%
4.1%
Q2 25
0.8%
4.0%
Q1 25
0.7%
3.4%
Q4 24
0.9%
8.9%
Q3 24
0.9%
4.9%
Q2 24
0.8%
4.8%
Cash Conversion
CBRE
CBRE
PEP
PEP
Q1 26
-2.59×
Q4 25
2.94×
2.61×
Q3 25
2.28×
1.72×
Q2 25
0.27×
1.56×
Q1 25
-3.35×
-0.53×
Q4 24
2.75×
4.13×
Q3 24
2.55×
1.67×
Q2 24
2.21×
0.76×

Financial Flow Comparison

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

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