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Cbre vs Millrose Properties: revenue, profit, margins and growth compared

Cbre brought in $40.6B of revenue in fiscal 2025, Millrose Properties $600.5M in fiscal 2025. Cbre kept 2.9% of its revenue as net profit, Millrose Properties 63.3%.

Side by side, latest fiscal year

CBREMRP
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$40.6B$600.5M
Revenue growth+13.4%n/a
Net income$1.2B$379.9M
Net margin2.9%63.3%
Free cash flow$1.2Bn/a
Free cash flow margin2.9%n/a
Earnings per share (diluted)$3.85$2.44
Cash$1.9B$35M
Debt$5.1Bn/a
Price to earnings35.011.1
Market value$39B$4.5B
Dividend yieldn/a9.38%
Rank by revenue in sector#16 of 444 · Finance#229 of 444 · Finance

Over the years

Revenue
CBRE FY2018: $21.3BCBRE FY2019: $23.9BCBRE FY2020: $23.8BCBRE FY2021: $27.7BCBRE FY2022: $30.8BCBRE FY2023: $31.9BCBRE FY2024: $35.8BCBRE FY2025: $40.6BMRP FY2025: $600.5MFY18FY19FY20FY21FY22FY23FY24FY25
CBRE $40.6BMRP $600.5M
Net income
CBRE FY2018: $1.1BCBRE FY2019: $1.3BCBRE FY2020: $752MCBRE FY2021: $1.8BCBRE FY2022: $1.4BCBRE FY2023: $986MCBRE FY2024: $968MCBRE FY2025: $1.2BMRP FY2023: -$209.8MMRP FY2025: -$246.2MMRP FY2025: $379.9MFY18FY19FY20FY21FY22FY23FY24FY25
CBRE $1.2BMRP $379.9M
Net margin
CBRE FY2018: 5.0%CBRE FY2019: 5.4%CBRE FY2020: 3.2%CBRE FY2021: 6.6%CBRE FY2022: 4.6%CBRE FY2023: 3.1%CBRE FY2024: 2.7%CBRE FY2025: 2.9%MRP FY2025: 63.3%FY18FY19FY20FY21FY22FY23FY24FY25
CBRE 2.9%MRP 63.3%
Revenue growth
CBRE FY2019: +12.0%CBRE FY2020: -0.3%CBRE FY2021: +16.5%CBRE FY2022: +11.1%CBRE FY2023: +3.6%CBRE FY2024: +12.0%CBRE FY2025: +13.4%FY19FY20FY21FY22FY23FY24FY25
CBRE +13.4%MRP
Free cash flow
CBRE FY2018: $903.4MCBRE FY2019: $929.9MCBRE FY2020: $1.6BCBRE FY2021: $2.2BCBRE FY2022: $1.4BCBRE FY2023: $175MCBRE FY2024: $1.4BCBRE FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
CBRE $1.2BMRP

Fiscal years as each company reports them; the two may end in different months.

Questions about Cbre and Millrose Properties

Which is bigger by revenue, Cbre or Millrose Properties?

Cbre is bigger by revenue: $40.6B in fiscal 2025, against $600.5M for Millrose Properties in fiscal 2025.

Which keeps more of its revenue as profit, Cbre or Millrose Properties?

Cbre had a net margin of 2.9% in fiscal 2025; Millrose Properties had 63.3% in fiscal 2025.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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