Costar GROUP, Inc. (CSGP) intrinsic value & 10-year financials
Costar GROUP, Inc. (CSGP) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 16.2% a year to $3.2B, with an average return on invested capital of 8.1%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $32.31
- Market cap
- $13.6B
- Revenue (FY2025)
- $3.2B
- Revenue growth (10-yr CAGR)
- 16.2%
- ROIC (10-yr avg)
- 8.1%
- Free cash flow (FY2025)
- $123.0M
CSGP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $3.2B | $7.0M | $0.02 | $123.0M | -2.2% | -0.6% |
| FY2024 | $2.7B | $138.7M | $0.34 | -$186.4M | 0.2% | 0.1% |
| FY2023 | $2.5B | $374.7M | $0.92 | $372.0M | 11.5% | 6.9% |
| FY2022 | $2.2B | $369.5M | $0.93 | $443.5M | 20.7% | 11.6% |
| FY2021 | $1.9B | $292.6M | $0.74 | $346.0M | 22.2% | 10.9% |
| FY2020 | $1.7B | $227.1M | $0.59 | $437.8M | 17.4% | 9.3% |
| FY2019 | $1.4B | $315.0M | $0.86 | $411.6M | 26.0% | 13.4% |
| FY2018 | $1.2B | $238.3M | $0.65 | $305.8M | 23.0% | 13.7% |
| FY2017 | $965.2M | $122.7M | $0.37 | $210.2M | 18.0% | 9.0% |
| FY2016 | $837.6M | $85.1M | $0.26 | $177.2M | 17.3% | 6.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
CoStar Group is a consistent compounder, expanding top-line revenue at 16.2% annually over the past decade.
CoStar Group returns on capital have been average, hovering around 8.1% ROIC over the decade.
CoStar Group has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, CoStar Group is modeled at -24.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.71 per share.