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Side-by-side financial comparison of CBRE Group (CBRE) and Travelers Companies (The) (TRV). Click either name above to swap in a different company.
Travelers Companies (The) is the larger business by last-quarter revenue ($12.4B vs $10.5B, roughly 1.2× CBRE Group). Travelers Companies (The) runs the higher net margin — 20.1% vs 3.0%, a 17.1% gap on every dollar of revenue. On growth, CBRE Group posted the faster year-over-year revenue change (22.0% vs 3.5%). Over the past eight quarters, CBRE Group's revenue compounded faster (13.0% CAGR vs 5.2%).
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
The Travelers Companies, Inc., commonly known as Travelers, is an American multinational insurance company. It is the second-largest writer of U.S. commercial property and casualty insurance, and the sixth-largest writer of U.S. personal insurance through independent agents. Travelers is incorporated in Minnesota, with headquarters in New York City, and its largest office in Hartford, Connecticut. It has been a component of the Dow Jones Industrial Average since June 8, 2009.
CBRE vs TRV — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $10.5B | $12.4B |
| Net Profit | $318.0M | $2.5B |
| Gross Margin | 17.6% | — |
| Operating Margin | 4.9% | 25.0% |
| Net Margin | 3.0% | 20.1% |
| Revenue YoY | 22.0% | 3.5% |
| Net Profit YoY | 95.1% | 19.9% |
| EPS (diluted) | — | $10.96 |
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 | $12.4B | ||
| Q3 25 | $10.1B | $12.5B | ||
| Q2 25 | $9.6B | $12.1B | ||
| Q1 25 | $8.8B | $11.8B | ||
| Q4 24 | $10.2B | $12.0B | ||
| Q3 24 | $8.8B | $11.9B | ||
| Q2 24 | $8.2B | $11.3B |
| Q1 26 | $318.0M | — | ||
| Q4 25 | $416.0M | $2.5B | ||
| Q3 25 | $363.0M | $1.9B | ||
| Q2 25 | $215.0M | $1.5B | ||
| Q1 25 | $163.0M | $395.0M | ||
| Q4 24 | $487.0M | $2.1B | ||
| Q3 24 | $225.0M | $1.3B | ||
| Q2 24 | $130.0M | $534.0M |
| 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% | — |
| Q1 26 | 4.9% | — | ||
| Q4 25 | 5.4% | 25.0% | ||
| Q3 25 | 4.8% | 18.8% | ||
| Q2 25 | 3.9% | 15.5% | ||
| Q1 25 | 3.1% | 4.0% | ||
| Q4 24 | 5.8% | 21.6% | ||
| Q3 24 | 4.2% | 13.1% | ||
| Q2 24 | 3.0% | 5.8% |
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.6% | 20.1% | ||
| Q3 25 | 3.6% | 15.1% | ||
| Q2 25 | 2.2% | 12.5% | ||
| Q1 25 | 1.9% | 3.3% | ||
| Q4 24 | 4.8% | 17.3% | ||
| Q3 24 | 2.5% | 10.6% | ||
| Q2 24 | 1.6% | 4.7% |
| Q1 26 | — | — | ||
| Q4 25 | $1.38 | $10.96 | ||
| Q3 25 | $1.21 | $8.24 | ||
| Q2 25 | $0.72 | $6.53 | ||
| Q1 25 | $0.54 | $1.70 | ||
| Q4 24 | $1.58 | $8.96 | ||
| Q3 24 | $0.73 | $5.42 | ||
| Q2 24 | $0.42 | $2.29 |
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 | — |
| Total DebtLower is stronger | $5.1B | — |
| Stockholders' EquityBook value | $8.9B | $32.9B |
| Total Assets | $30.2B | $143.7B |
| Debt / EquityLower = less leverage | 0.57× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.7B | — | ||
| 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 26 | $5.1B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $8.9B | — | ||
| Q4 25 | $8.9B | $32.9B | ||
| Q3 25 | $8.5B | $31.6B | ||
| Q2 25 | $8.3B | $29.5B | ||
| Q1 25 | $8.3B | $28.2B | ||
| Q4 24 | $8.4B | $27.9B | ||
| Q3 24 | $8.7B | $27.7B | ||
| Q2 24 | $8.4B | $24.9B |
| Q1 26 | $30.2B | — | ||
| Q4 25 | $30.9B | $143.7B | ||
| Q3 25 | $28.6B | $143.7B | ||
| Q2 25 | $27.7B | $138.9B | ||
| Q1 25 | $26.4B | $136.0B | ||
| Q4 24 | $24.4B | $133.2B | ||
| Q3 24 | $24.8B | $134.6B | ||
| Q2 24 | $23.5B | $129.3B |
| Q1 26 | 0.57× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $2.7B |
| Free Cash FlowOCF − Capex | $-605.0M | — |
| FCF MarginFCF / Revenue | -5.7% | — |
| Capex IntensityCapex / Revenue | 0.8% | — |
| Cash ConversionOCF / Net Profit | -2.59× | 1.08× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-825.0M | — | ||
| Q4 25 | $1.2B | $2.7B | ||
| Q3 25 | $827.0M | $4.2B | ||
| Q2 25 | $57.0M | $2.3B | ||
| Q1 25 | $-546.0M | $1.4B | ||
| Q4 24 | $1.3B | $2.1B | ||
| Q3 24 | $573.0M | $3.9B | ||
| Q2 24 | $287.0M | $1.7B |
| Q1 26 | $-605.0M | — | ||
| 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 26 | -5.7% | — | ||
| 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 26 | 0.8% | — | ||
| 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 26 | -2.59× | — | ||
| Q4 25 | 2.94× | 1.08× | ||
| Q3 25 | 2.28× | 2.24× | ||
| Q2 25 | 0.27× | 1.55× | ||
| Q1 25 | -3.35× | 3.44× | ||
| Q4 24 | 2.75× | 0.99× | ||
| Q3 24 | 2.55× | 3.08× | ||
| Q2 24 | 2.21× | 3.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBRE
Segment breakdown not available.
TRV
| Business And International Insurance | $6.6B | 53% |
| Personal Insurance | $4.6B | 37% |
| Bond And Specialty Insurance | $1.2B | 9% |
