CSGPCOSTAR GROUP, INC.
Services-Business Services, NEC
- Revenue
- $3.2B
- 19% YoY
- Operating margin
- -2.2%
- 1313% YoY
- EBITDA
- $191M
- 26% YoY
- Market cap
- $12.6B
- Employees
- 8,000
- $406K revenue each
- Net debt / EBITDA
- 2.6×
- $500M net debt
- AI in 10-K
- 10.2
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 3 of 7
- TSR below peersNo2 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$29M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo66× net incomeCash flow under 80% of net income
- Dilutive SBCNo6% of revenueOver 10% of revenue
- Payouts exceed cash flowYes116% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyYes53% of assetsOver 40% of assets
- Shareholder dissentYes71% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$406K · 45th pctBottom quartile of its SIC industry
- Quiet on AINo10.2 per 10K words · 93rd pctBottom quartile of AI mentions in 10-Ks
- Net cashNo2.6× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$12.6B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$8M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.9B | $2.2B | $2.5B | $2.7B | $3.2B | 19% |
| Operating income | $432M | $451M | $282M | $5M | −$72M | 1540% |
| Net income | $293M | $370M | $375M | $139M | $7M | 95% |
| Operating cash flow | $470M | $479M | $490M | $393M | $430M | 9.4% |
| Capex | $124M | $35M | $118M | $579M | $307M | 47% |
| Stock-based comp | $64M | $75M | $85M | $89M | $194M | 118% |
| Buybacks | — | — | $0 | $0 | $500M |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $8M · 7
- Open-market sells, 12 mo
- $534K · 4
- Net
- $8M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $36M | $33M | 112 | 123 |
| FY2024 | $37M | $8M | 120 | 119 |
| FY2023 | $29M | $29M | 146 | 113 |
| FY2022 | $19M | $16M | 129 | 101 |
| FY2021 | $22M | $11M | 132 | 137 |