CBRE Group Inc — Earnings Quality Grade F
CBRE · Real Estate
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 75 days, change +3 days YoY
AR growth 18.3% vs revenue growth 13.4%
Revenue grew 13.4% but CFFO declined -8.7%
Expense Quality
No material inventory
CapEx growth 19.2% vs revenue 13.4%. Normal
Insufficient data
Gross margin 18.7%, change -0.8pp. Stable
Cash Flow Quality
CFFO/NI = 1.35. Profits backed by cash
FCF $1.2B, FCF/NI = 1.03
Accruals ratio = -1.3%. Low accruals
Cash $1.9B covers only 19% of debt $10.0B
Balance Sheet Health
Goodwill+Intangibles $10.0B = 113% of equity. Over 50%
Debt/EBITDA = 4.9x (>4x). Financial stress
Other assets -2.6% vs revenue 13.4%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 2/3 years
Goodwill+Intangibles change 27% YoY. Normal
Manipulation Score
Insufficient data
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09