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Side-by-side financial comparison of CBRE Group (CBRE) and RYDER SYSTEM INC (R). Click either name above to swap in a different company.

CBRE Group is the larger business by last-quarter revenue ($10.5B vs $3.1B, roughly 3.4× RYDER SYSTEM INC). CBRE Group runs the higher net margin — 3.0% vs 3.0%, a 0.0% gap on every dollar of revenue. On growth, CBRE Group posted the faster year-over-year revenue change (22.0% vs 1.0%). RYDER SYSTEM INC produced more free cash flow last quarter ($273.0M vs $-605.0M). Over the past eight quarters, CBRE Group's revenue compounded faster (13.0% CAGR vs -0.9%).

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

Ryder System, Inc. is an American transportation and logistics company, specializing in truck rental and leasing, fleet management, supply chain management, and transportation management. It also offers full-service leasing, rental and maintenance, used vehicle sales, transportation management, professional drivers, e-commerce fulfillment, and last-mile delivery services. The company is headquartered in Coral Gables, Florida, and operates in the United States and United Kingdom.

CBRE vs R — Head-to-Head

Bigger by revenue
CBRE
CBRE
3.4× larger
CBRE
$10.5B
$3.1B
R
Growing faster (revenue YoY)
CBRE
CBRE
+21.0% gap
CBRE
22.0%
1.0%
R
Higher net margin
CBRE
CBRE
0.0% more per $
CBRE
3.0%
3.0%
R
More free cash flow
R
R
$878.0M more FCF
R
$273.0M
$-605.0M
CBRE
Faster 2-yr revenue CAGR
CBRE
CBRE
Annualised
CBRE
13.0%
-0.9%
R

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CBRE
CBRE
R
R
Revenue
$10.5B
$3.1B
Net Profit
$318.0M
$93.0M
Gross Margin
17.6%
Operating Margin
4.9%
Net Margin
3.0%
3.0%
Revenue YoY
22.0%
1.0%
Net Profit YoY
95.1%
-5.1%
EPS (diluted)
$2.34

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
R
R
Q1 26
$10.5B
$3.1B
Q4 25
$11.5B
$3.2B
Q3 25
$10.1B
$3.2B
Q2 25
$9.6B
$3.2B
Q1 25
$8.8B
$3.1B
Q4 24
$10.2B
$3.2B
Q3 24
$8.8B
$3.2B
Q2 24
$8.2B
$3.2B
Net Profit
CBRE
CBRE
R
R
Q1 26
$318.0M
$93.0M
Q4 25
$416.0M
$132.0M
Q3 25
$363.0M
$138.0M
Q2 25
$215.0M
$131.0M
Q1 25
$163.0M
$98.0M
Q4 24
$487.0M
$135.0M
Q3 24
$225.0M
$142.0M
Q2 24
$130.0M
$127.0M
Gross Margin
CBRE
CBRE
R
R
Q1 26
17.6%
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%
Operating Margin
CBRE
CBRE
R
R
Q1 26
4.9%
Q4 25
5.4%
5.6%
Q3 25
4.8%
6.0%
Q2 25
3.9%
5.8%
Q1 25
3.1%
4.3%
Q4 24
5.8%
5.7%
Q3 24
4.2%
5.9%
Q2 24
3.0%
5.6%
Net Margin
CBRE
CBRE
R
R
Q1 26
3.0%
3.0%
Q4 25
3.6%
4.2%
Q3 25
3.6%
4.4%
Q2 25
2.2%
4.1%
Q1 25
1.9%
3.1%
Q4 24
4.8%
4.2%
Q3 24
2.5%
4.5%
Q2 24
1.6%
4.0%
EPS (diluted)
CBRE
CBRE
R
R
Q1 26
$2.34
Q4 25
$1.38
$3.22
Q3 25
$1.21
$3.32
Q2 25
$0.72
$3.13
Q1 25
$0.54
$2.27
Q4 24
$1.58
$3.09
Q3 24
$0.73
$3.24
Q2 24
$0.42
$2.84

Balance Sheet & Financial Strength

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

Metric
CBRE
CBRE
R
R
Cash + ST InvestmentsLiquidity on hand
$1.7B
$182.0M
Total DebtLower is stronger
$5.1B
Stockholders' EquityBook value
$8.9B
$2.9B
Total Assets
$30.2B
Debt / EquityLower = less leverage
0.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBRE
CBRE
R
R
Q1 26
$1.7B
$182.0M
Q4 25
$1.9B
$198.0M
Q3 25
$1.7B
$189.0M
Q2 25
$1.4B
$180.0M
Q1 25
$1.4B
$151.0M
Q4 24
$1.1B
$154.0M
Q3 24
$1.0B
$162.0M
Q2 24
$928.0M
$164.0M
Total Debt
CBRE
CBRE
R
R
Q1 26
$5.1B
Q4 25
$6.8B
Q3 25
$7.3B
Q2 25
$7.0B
Q1 25
$6.7B
Q4 24
$6.7B
Q3 24
$6.6B
Q2 24
$6.5B
Stockholders' Equity
CBRE
CBRE
R
R
Q1 26
$8.9B
$2.9B
Q4 25
$8.9B
$3.1B
Q3 25
$8.5B
$3.1B
Q2 25
$8.3B
$3.1B
Q1 25
$8.3B
$3.0B
Q4 24
$8.4B
$3.1B
Q3 24
$8.7B
$3.1B
Q2 24
$8.4B
$3.1B
Total Assets
CBRE
CBRE
R
R
Q1 26
$30.2B
Q4 25
$30.9B
$16.4B
Q3 25
$28.6B
$16.5B
Q2 25
$27.7B
$16.5B
Q1 25
$26.4B
$16.4B
Q4 24
$24.4B
$16.7B
Q3 24
$24.8B
$16.5B
Q2 24
$23.5B
$16.4B
Debt / Equity
CBRE
CBRE
R
R
Q1 26
0.57×
Q4 25
2.24×
Q3 25
2.35×
Q2 25
2.27×
Q1 25
2.21×
Q4 24
2.14×
Q3 24
2.17×
Q2 24
2.09×

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
R
R
Operating Cash FlowLast quarter
$-825.0M
$583.0M
Free Cash FlowOCF − Capex
$-605.0M
$273.0M
FCF MarginFCF / Revenue
-5.7%
8.7%
Capex IntensityCapex / Revenue
0.8%
13.7%
Cash ConversionOCF / Net Profit
-2.59×
6.27×
TTM Free Cash FlowTrailing 4 quarters
$1.2B
$595.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBRE
CBRE
R
R
Q1 26
$-825.0M
$583.0M
Q4 25
$1.2B
$749.0M
Q3 25
$827.0M
$442.0M
Q2 25
$57.0M
$752.0M
Q1 25
$-546.0M
$651.0M
Q4 24
$1.3B
$558.0M
Q3 24
$573.0M
$629.0M
Q2 24
$287.0M
$552.0M
Free Cash Flow
CBRE
CBRE
R
R
Q1 26
$-605.0M
$273.0M
Q4 25
$1.1B
$344.0M
Q3 25
$743.0M
$-85.0M
Q2 25
$-17.0M
$63.0M
Q1 25
$-610.0M
$137.0M
Q4 24
$1.2B
$-201.0M
Q3 24
$494.0M
$30.0M
Q2 24
$220.0M
$-87.0M
FCF Margin
CBRE
CBRE
R
R
Q1 26
-5.7%
8.7%
Q4 25
9.4%
10.8%
Q3 25
7.4%
-2.7%
Q2 25
-0.2%
2.0%
Q1 25
-7.0%
4.4%
Q4 24
12.2%
-6.3%
Q3 24
5.6%
0.9%
Q2 24
2.7%
-2.7%
Capex Intensity
CBRE
CBRE
R
R
Q1 26
0.8%
13.7%
Q4 25
1.3%
12.8%
Q3 25
0.8%
16.6%
Q2 25
0.8%
21.6%
Q1 25
0.7%
16.4%
Q4 24
0.9%
23.8%
Q3 24
0.9%
18.9%
Q2 24
0.8%
20.1%
Cash Conversion
CBRE
CBRE
R
R
Q1 26
-2.59×
6.27×
Q4 25
2.94×
5.67×
Q3 25
2.28×
3.20×
Q2 25
0.27×
5.74×
Q1 25
-3.35×
6.64×
Q4 24
2.75×
4.13×
Q3 24
2.55×
4.43×
Q2 24
2.21×
4.35×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CBRE
CBRE

Segment breakdown not available.

R
R

Fleet Management Solutions$1.5B47%
ChoiceLease$878.0M28%
Dedicated Transportation Solutions$553.0M18%
Commercial rental$211.0M7%

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