Income Statement CoStar Group, Inc.

Equities

CSGP

US22160N1090

Internet Services

Market Closed - Nasdaq Other stock markets 04:00:00 2025-12-11 pm EST			5-day change	1st Jan Change
67.47 ^USD	-0.59%		-1.06%	-5.75%

Dec. 05	RBC Cuts Price Target on CoStar Group to $75 From $91, Keeps Sector Perform Rating	MT
Dec. 02	American rental market under pressure as rents fall and vacancies hit record

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Published financial data: COSTAR GROUP, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	1.66B	1.94B	2.18B	2.46B	2.74B
Total Revenues	1.66B	1.94B	2.18B	2.46B	2.74B
Cost of Goods Sold, Total	309M	357M	414M	492M	558M
Gross Profit	1.35B	1.59B	1.77B	1.96B	2.18B
Selling General & Admin Expenses, Total	841M	886M	1.02B	1.38B	1.81B
R&D Expenses	157M	194M	214M	261M	317M
Amortization of Goodwill and Intangible Assets - (IS)	62.46M	74.82M	73.56M	42.2M	44.3M
Other Operating Expenses, Total	1.06B	1.15B	1.3B	1.68B	2.17B
Operating Income	289M	432M	464M	282M	4.7M
Interest Expense, Total	-21.79M	-32.32M	-32.32M	-31.4M	-28.8M
Interest And Investment Income	4.4M	695K	64.45M	245M	241M
Net Interest Expenses	-17.4M	-31.62M	32.12M	214M	212M
Currency Exchange Gains (Loss)	-200K	300K	1.4M	3M	-700K
Other Non Operating Income (Expenses)	-86K	2.95M	1.98M	2.4M	-6.4M
EBT, Excl. Unusual Items	272M	404M	499M	501M	210M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-541K	-	-	-	-
Asset Writedown	-	-	-9M	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-4M	-	-
EBT, Incl. Unusual Items	271M	404M	486M	501M	210M
Income Tax Expense	43.85M	111M	117M	127M	71.4M
Earnings From Continuing Operations	227M	293M	369M	375M	139M
Net Income to Company	227M	293M	369M	375M	139M
Net Income - (IS)	227M	293M	369M	375M	139M
Net Income to Common Incl Extra Items	227M	293M	369M	375M	139M
Net Income to Common Excl. Extra Items	227M	293M	369M	375M	139M
Per Share Items
Net EPS - Basic	0.6	0.75	0.93	0.92	0.34
Basic EPS - Continuing Operations	0.6	0.75	0.93	0.92	0.34
Basic Weighted Average Shares Outstanding	381M	392M	396M	405M	406M
Net EPS - Diluted	0.59	0.74	0.93	0.92	0.34
Diluted EPS - Continuing Operations	0.59	0.74	0.93	0.92	0.34
Diluted Weighted Average Shares Outstanding	383M	394M	398M	407M	408M
Normalized Basic EPS	0.45	0.64	0.79	0.77	0.32
Normalized Diluted EPS	0.44	0.64	0.78	0.77	0.32
American Depositary Receipts Ratio (ADR)	0.01	0.01	0.01	0.01	0.01
Supplemental Items
EBITDA	406M	572M	602M	390M	152M
EBITA	377M	536M	567M	356M	94.4M
EBIT	289M	432M	464M	282M	4.7M
EBITDAR	439M	607M	635M	426M	193M
Effective Tax Rate - (Ratio)	16.18	27.58	24.05	25.25	33.98
Current Domestic Taxes	55.19M	85.91M	148M	163M	119M
Current Foreign Taxes	195K	1.33M	664K	900K	2.8M
Total Current Taxes	55.38M	87.24M	148M	164M	122M
Deferred Domestic Taxes	-10.52M	31.33M	-30.04M	-34.6M	-50.5M
Deferred Foreign Taxes	-1M	-7.16M	-1.17M	-2.6M	400K
Total Deferred Taxes	-11.53M	24.16M	-31.2M	-37.2M	-50.1M
Normalized Net Income	170M	252M	312M	313M	131M
Interest Capitalized	-	-	-	1.6M	6.3M
Interest on Long-Term Debt	21.79M	32.32M	32.32M	31.4M	35.1M
Supplemental Operating Expense Items
Advertising Expense	270M	-	-	-	-
Marketing Expenses	-	312M	306M	550M	845M
Selling and Marketing Expenses	525M	610M	672M	974M	1.35B
General and Administrative Expenses	295M	251M	320M	378M	432M
Research And Development Expense From Footnotes	163M	201M	221M	268M	325M
Net Rental Expense, Total	32.84M	34.88M	33.63M	35.7M	41M
Imputed Operating Lease Interest Expense	8.98M	8.06M	7.85M	8.54M	10.31M
Imputed Operating Lease Depreciation	23.85M	26.82M	25.78M	27.16M	30.69M
Stock-Based Comp., COGS (Total)	-	11.16M	12.58M	14.3M	14.5M
Stock-Based Comp., R&D Exp. (Total)	-	12.54M	12.99M	17.5M	21.8M
Stock-Based Comp., S&M Exp. (Total)	-	6.31M	7.8M	9.1M	11.2M
Stock-Based Comp., G&A Exp. (Total)	-	33.69M	41.84M	44.1M	41.5M
Stock-Based Comp., Other (Total)	54.1M	-	-	-	-
Total Stock-Based Compensation	54.1M	63.71M	75.21M	85M	89M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	3.76B	3.83B	4.97B	5.22B	4.68B
Total Cash And Short Term Investments	3.76B	3.83B	4.97B	5.22B	4.68B
Accounts Receivable, Total	104M	125M	154M	196M	194M
Other Receivables	-	-	-	-	-
Total Receivables	104M	125M	154M	196M	194M
Prepaid Expenses	28.65M	36.18M	63.95M	64.4M	75.5M
Total Current Assets	3.89B	3.99B	5.19B	5.48B	4.95B
Gross Property Plant And Equipment	401M	458M	487M	658M	1.25B
Accumulated Depreciation	-166M	-85.86M	-85.59M	-106M	-135M
Net Property Plant And Equipment	235M	372M	402M	552M	1.12B
Long-term Investments	-	-	-	-	-
Goodwill	2.24B	2.32B	2.31B	2.39B	2.53B
Other Intangibles, Total	427M	436M	329M	314M	433M
Accounts Receivable Long-Term	-	-	-	8M	6M
Deferred Tax Assets Long-Term	4.98M	5.03M	9.72M	4.3M	30.6M
Deferred Charges Long-Term	98.17M	106M	145M	169M	173M
Other Long-Term Assets, Total	25.94M	29.24M	15.99M	10.1M	17.9M
Total Assets	6.92B	7.26B	8.4B	8.92B	9.26B
Liabilities
Accounts Payable, Total	15.73M	22.24M	28.46M	23.1M	47M
Accrued Expenses, Total	191M	163M	194M	281M	308M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	32.65M	26.27M	36.05M	40M	32M
Current Income Taxes Payable	16.32M	31.24M	10.44M	7.7M	23.2M
Unearned Revenue Current, Total	74.85M	95.47M	104M	104M	142M
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities	331M	339M	373M	456M	552M
Long-Term Debt	987M	988M	989M	990M	992M
Long-Term Leases	105M	99.37M	76.01M	75.9M	104M
Unearned Revenue Non Current	2.51M	1.25M	215K	100K	18.7M
Deferred Tax Liability Non Current	72.99M	98.66M	76.2M	36.7M	7.6M
Other Non Current Liabilities	41.66M	19.29M	18.1M	22.1M	29.1M
Total Liabilities	1.54B	1.55B	1.53B	1.58B	1.7B
Common Stock, Total	394K	3.95M	4.07M	4.1M	4.1M
Additional Paid In Capital	4.21B	4.25B	5.07B	5.15B	5.23B
Retained Earnings	1.17B	1.46B	1.83B	2.2B	2.34B
Comprehensive Income and Other	-889K	-5.76M	-29.08M	-17.6M	-25.5M
Total Common Equity	5.38B	5.71B	6.87B	7.34B	7.55B
Total Equity	5.38B	5.71B	6.87B	7.34B	7.55B
Total Liabilities And Equity	6.92B	7.26B	8.4B	8.92B	9.26B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	394M	395M	407M	408M	410M
ECS Total Common Shares Outstanding	394M	395M	407M	408M	410M
Book Value / Share	13.64	14.46	16.89	17.98	18.45
Tangible Book Value	2.71B	2.95B	4.23B	4.64B	4.59B
Tangible Book Value Per Share	6.88	7.48	10.39	11.37	11.22
Total Debt	1.12B	1.11B	1.1B	1.11B	1.13B
Net Debt	-2.63B	-2.71B	-3.87B	-4.11B	-3.55B
Debt Equivalent Oper. Leases	263M	279M	269M	286M	328M
Account Code - Inventory Valuation	3	3	3	-	3
Land - (BS)	24.64M	38.77M	52.23M	52.2M	69.8M
Buildings, Total	2.97M	96.5M	105M	264M	373M
Machinery, Total	184M	146M	141M	174M	193M
Full Time Employees	4.75K	4.74K	5.65K	6.15K	6.59K
Accumulated Allowance for Doubtful Accounts (Supple)	15.11M	13.37M	12.2M	23.2M	22.8M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	227M	293M	369M	375M	139M
Depreciation & Amortization - CF	28.81M	35.93M	35.31M	33.8M	57.2M
Amortization of Goodwill and Intangible Assets - (CF)	88.13M	104M	103M	73.7M	89.7M
Depreciation & Amortization, Total	117M	140M	138M	108M	147M
Amortization of Deferred Charges, Total - (CF)	62.17M	65.72M	78.45M	97.6M	120M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	53.45M	63.71M	75.21M	85M	89M
Tax Benefit from Stock Options	-	-	-	-	-
Provision and Write-off of Bad Debts	25.21M	10.93M	18.31M	35M	36.4M
Other Operating Activities, Total	15.08M	52M	4.85M	-10.4M	-18.7M
Change In Accounts Receivable	-36.12M	-29.63M	-46.4M	-66.6M	-30.2M
Change In Accounts Payable	101M	-30.05M	23.23M	33.9M	43.5M
Change in Unearned Revenues	2.19M	17.4M	6.78M	-1.3M	11.2M
Change In Income Taxes	10.35M	5.86M	-19.26M	10.7M	22.4M
Change in Other Net Operating Assets	-91.15M	-118M	-170M	-177M	-166M
Cash from Operations	486M	470M	479M	490M	393M
Capital Expenditure	-48.35M	-189M	-93.74M	-143M	-638M
Sale of Property, Plant, and Equipment	-	612K	30.1M	-	1.7M
Cash Acquisitions	-426M	-193M	-6.27M	-99.6M	-277M
Investment in Marketable and Equity Securities, Total	10.26M	-	864K	3.8M	-
Cash from Investing	-464M	-381M	-69.06M	-239M	-913M
Long-Term Debt Issued, Total	1.74B	-	-	-	-
Total Debt Issued	1.74B	-	-	-	-
Long-Term Debt Repaid, Total	-745M	-	-2.16M	-	-5.1M
Total Debt Repaid	-745M	-	-2.16M	-	-5.1M
Issuance of Common Stock	1.72B	18.05M	759M	23.4M	24.5M
Repurchase of Common Stock	-38.87M	-33.31M	-23.11M	-26.4M	-29.5M
Other Financing Activities, Total	-18.3M	-411K	-	-700K	-3.6M
Cash from Financing	2.66B	-15.68M	734M	-3.7M	-13.7M
Foreign Exchange Rate Adjustments	941K	-1.5M	-2.7M	700K	-900K
Net Change in Cash	2.69B	71.21M	1.14B	248M	-535M
Supplemental Items
Cash Interest Paid	5.95M	31.51M	29.95M	30.7M	31M
Cash Income Tax Paid (Refund)	45.78M	82.12M	169M	163M	99.8M
Levered Free Cash Flow	469M	378M	435M	341M	-202M
Unlevered Free Cash Flow	481M	396M	453M	358M	-187M
Change In Net Working Capital	-117M	-47.92M	32.75M	-36.8M	-95.5M
Net Debt Issued / Repaid	999M	-	-2.16M	-	-5.1M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.36	3.81	3.7	2.04	0.03
Return on Total Capital	3.6	4.06	3.92	2.15	0.03
Return On Equity %	5.17	5.28	5.87	5.27	1.86
Return on Common Equity	5.17	5.28	5.87	5.27	1.86
Margin Analysis
Gross Profit Margin %	81.38	81.62	81.03	79.98	79.59
SG&A Margin	50.72	45.56	46.61	56.12	66.22
EBITDA Margin %	24.48	29.42	27.58	15.88	5.54
EBITA Margin %	22.74	27.57	25.96	14.5	3.45
EBIT Margin %	17.43	22.24	21.26	11.5	0.17
Income From Continuing Operations Margin %	13.69	15.05	16.93	15.26	5.07
Net Income Margin %	13.69	15.05	16.93	15.26	5.07
Net Avail. For Common Margin %	13.69	15.05	16.93	15.26	5.07
Normalized Net Income Margin	10.23	12.99	14.3	12.76	4.8
Levered Free Cash Flow Margin	28.25	19.44	19.92	13.89	-7.38
Unlevered Free Cash Flow Margin	28.97	20.36	20.74	14.59	-6.83
Asset Turnover
Asset Turnover	0.31	0.27	0.28	0.28	0.3
Fixed Assets Turnover	7.25	6.4	5.64	5.15	3.28
Receivables Turnover (Average Receivables)	16.91	17	15.66	13.88	14.05
Short Term Liquidity
Current Ratio	11.75	11.78	13.92	12.01	8.96
Quick Ratio	11.67	11.67	13.75	11.87	8.83
Operating Cash Flow to Current Liabilities	1.47	1.39	1.28	1.07	0.71
Days Sales Outstanding (Average Receivables)	21.64	21.47	23.31	26.29	26.05
Average Days Payable Outstanding	13.84	19.4	22.35	19.2	22.97
Long Term Solvency
Total Debt/Equity	20.92	19.5	16.03	15.08	14.93
Total Debt / Total Capital	17.3	16.32	13.82	13.1	12.99
LT Debt/Equity	20.32	19.04	15.5	14.53	14.5
Long-Term Debt / Total Capital	16.8	15.93	13.36	12.63	12.62
Total Liabilities / Total Assets	22.27	21.29	18.24	17.73	18.4
EBIT / Interest Expense	13.27	13.38	14.35	8.99	0.16
EBITDA / Interest Expense	20.14	18.78	19.66	13.55	6.69
(EBITDA - Capex) / Interest Expense	17.92	12.93	16.76	9	-15.46
Total Debt / EBITDA	2.56	1.84	1.73	2.6	5.85
Net Debt / EBITDA	-5.99	-4.47	-6.08	-9.66	-18.45
Total Debt / (EBITDA - Capex)	2.88	2.67	2.03	3.91	-2.53
Net Debt / (EBITDA - Capex)	-6.74	-6.49	-7.14	-14.54	7.98
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	18.53	17.19	12.26	12.49	11.45
Gross Profit, 1 Yr. Growth %	21.57	17.54	11.44	11.03	10.91
EBITDA, 1 Yr. Growth %	-8.67	40.81	5.24	-33.81	-61.11
EBITA, 1 Yr. Growth %	-9.92	42.04	5.7	-35.69	-73.48
EBIT, 1 Yr. Growth %	-20.45	49.49	7.31	-37.41	-98.34
Earnings From Cont. Operations, 1 Yr. Growth %	-27.89	28.81	26.28	1.41	-62.98
Net Income, 1 Yr. Growth %	-27.89	28.81	26.28	1.41	-62.98
Normalized Net Income, 1 Yr. Growth %	-28.54	48.78	23.64	3.04	-58.09
Diluted EPS Before Extra, 1 Yr. Growth %	-31.05	25.42	25.68	-1.08	-63.04
Accounts Receivable, 1 Yr. Growth %	12.69	20.08	23.34	24	-1.07
Net Property, Plant and Equip., 1 Yr. Growth %	5.59	58.3	7.94	37.42	102.52
Total Assets, 1 Yr. Growth %	79.44	4.94	15.79	6.16	3.78
Tangible Book Value, 1 Yr. Growth %	146.07	8.94	43.01	9.77	-0.99
Common Equity, 1 Yr. Growth %	57.84	6.26	20.28	6.82	2.93
Cash From Operations, 1 Yr. Growth %	6.19	-3.37	1.89	2.26	-19.8
Capital Expenditures, 1 Yr. Growth %	4.65	290.89	-50.4	52.24	346.71
Levered Free Cash Flow, 1 Yr. Growth %	25.05	-7.04	15.05	-20.14	-159.29
Unlevered Free Cash Flow, 1 Yr. Growth %	27.98	-5.43	14.36	-19.46	-152.18
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	17.98	17.85	14.69	12.37	11.97
Gross Profit, 2 Yr. CAGR %	21.01	19.54	14.45	11.23	10.97
EBITDA, 2 Yr. CAGR %	7.52	13.4	21.73	-17.44	-49.65
EBITA, 2 Yr. CAGR %	7.75	13.11	22.53	-18.5	-59.04
EBIT, 2 Yr. CAGR %	2.82	9.05	26.66	-19.19	-89.89
Earnings From Cont. Operations, 2 Yr. CAGR %	-2.38	-3.62	27.54	13.16	-38.73
Net Income, 2 Yr. CAGR %	-2.38	-3.62	27.54	13.16	-38.73
Normalized Net Income, 2 Yr. CAGR %	-2.22	1.65	35.63	11.39	-34.88
Diluted EPS Before Extra, 2 Yr. CAGR %	-4.78	-7.24	25.55	11.5	-39.54
Accounts Receivable, 2 Yr. CAGR %	7.96	16.33	21.69	25.25	10.76
Net Property, Plant and Equip., 2 Yr. CAGR %	67.98	29.29	30.72	21.8	66.82
Total Assets, 2 Yr. CAGR %	44.48	37.22	10.23	10.87	4.96
Tangible Book Value, 2 Yr. CAGR %	55.52	63.72	24.82	25.29	4.25
Common Equity, 2 Yr. CAGR %	33.37	29.5	13.05	13.35	4.86
Cash From Operations, 2 Yr. CAGR %	20.38	1.3	-0.77	2.09	-9.44
Capital Expenditures, 2 Yr. CAGR %	27.73	102.26	39.25	-13.05	160.78
Levered Free Cash Flow, 2 Yr. CAGR %	29.3	0.42	3.42	-5.03	-31.65
Unlevered Free Cash Flow, 2 Yr. CAGR %	30.73	2.66	4	-4.89	-35.58
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	19.79	17.72	15.96	13.96	12.07
Gross Profit, 3 Yr. CAGR %	21.93	19.85	16.78	13.3	11.13
EBITDA, 3 Yr. CAGR %	19.59	17.64	10.61	-1.36	-35.76
EBITA, 3 Yr. CAGR %	21.34	18.14	10.59	-1.92	-43.94
EBIT, 3 Yr. CAGR %	18.5	16.48	8.47	-0.8	-77.85
Earnings From Cont. Operations, 3 Yr. CAGR %	22.79	7.07	5.46	18.16	-22.03
Net Income, 3 Yr. CAGR %	22.79	7.07	5.46	18.16	-22.03
Normalized Net Income, 3 Yr. CAGR %	17.16	12.46	8.51	22.68	-19.58
Diluted EPS Before Extra, 3 Yr. CAGR %	17.45	4.2	2.64	15.96	-22.84
Accounts Receivable, 3 Yr. CAGR %	19.51	11.85	18.62	23.5	15.78
Net Property, Plant and Equip., 3 Yr. CAGR %	40.64	64.69	21.74	32.92	44.29
Total Assets, 3 Yr. CAGR %	34.01	29.87	29.67	8.85	8.45
Tangible Book Value, 3 Yr. CAGR %	31.8	38.12	56.51	19.58	15.83
Common Equity, 3 Yr. CAGR %	26.57	23.64	26.35	10.94	9.76
Cash From Operations, 3 Yr. CAGR %	27.47	11.88	1.5	0.23	-5.8
Capital Expenditures, 3 Yr. CAGR %	25.43	85.45	26.6	43.48	50.03
Levered Free Cash Flow, 3 Yr. CAGR %	34.91	10.47	5.08	-5.7	-18.84
Unlevered Free Cash Flow, 3 Yr. CAGR %	35.27	12.07	6.42	-5.06	-22.14
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	18.44	18.34	17.72	15.55	14.35
Gross Profit, 5 Yr. CAGR %	20.89	19.04	18.88	16.32	14.42
EBITDA, 5 Yr. CAGR %	35.18	21.6	20.44	2.1	-19.36
EBITA, 5 Yr. CAGR %	39.88	22.99	21.82	1.84	-25.77
EBIT, 5 Yr. CAGR %	90.74	24.44	21.7	0.63	-58.09
Earnings From Cont. Operations, 5 Yr. CAGR %	130.84	28.02	24.67	9.47	-15.13
Net Income, 5 Yr. CAGR %	130.84	28.02	24.67	9.47	-15.13
Normalized Net Income, 5 Yr. CAGR %	153.75	24.35	24.22	12.03	-11.68
Diluted EPS Before Extra, 5 Yr. CAGR %	121.99	23.08	20.5	7.06	-16.94
Accounts Receivable, 5 Yr. CAGR %	20.88	20.79	20.38	17.03	16
Net Property, Plant and Equip., 5 Yr. CAGR %	21.63	33.56	36.58	45.97	38.09
Total Assets, 5 Yr. CAGR %	27.17	27.13	23.94	21.91	19.15
Tangible Book Value, 5 Yr. CAGR %	120.04	70.77	28.96	32.84	33.03
Common Equity, 5 Yr. CAGR %	28.34	28.13	20.98	19.42	17.27
Cash From Operations, 5 Yr. CAGR %	28.31	18.55	15.32	7.85	-3.03
Capital Expenditures, 5 Yr. CAGR %	6.64	58.71	30.78	36.96	69.05
Levered Free Cash Flow, 5 Yr. CAGR %	31.24	17.26	17.9	3.99	-11.62
Unlevered Free Cash Flow, 5 Yr. CAGR %	31.34	17.93	18.44	4.96	-13.03