How does CoStar Group (CSGP) make money?

CoStar Group (CSGP) primarily makes money through Multifamily Online Marketplace, which accounts for 40% of total revenue. For TTM through Q4 2025, CoStar Group generated $3.25B in total revenue with a net profit margin of 0.2%.

What is CoStar Group (CSGP) gross profit margin?

CoStar Group (CSGP) reported a gross profit margin of 77.6% for TTM through Q4 2025, equivalent to $2.52B in gross profit. This means CoStar Group retains 77.6% of each revenue unit after direct costs of production.

What is CoStar Group (CSGP) operating profit margin?

CoStar Group (CSGP) reported an operating profit margin of -2.2% for TTM through Q4 2025, equivalent to −$71.60M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is CoStar Group (CSGP) net profit margin?

CoStar Group (CSGP) reported a net profit margin of 0.2% for TTM through Q4 2025, equivalent to $7.50M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does CoStar Group (CSGP) invest in R&D?

CoStar Group (CSGP) invested $406.00M in research and development in TTM through Q4 2025 (12.5% of total revenue). R&D spending reflects investment in future products, services, and technologies.

How much does CoStar Group (CSGP) spend on capital expenditures?

CoStar Group (CSGP) spent $312.70M on capital expenditures in TTM through Q4 2025 (9.6% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is CoStar Group (CSGP) free cash flow?

CoStar Group (CSGP) generated $117.30M in free cash flow for TTM through Q4 2025 (3.6% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is CoStar Group (CSGP) effective tax rate?

CoStar Group (CSGP) had an effective tax rate of 75.1% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

How CoStar Group (CSGP) Makes Money: A Visual Guide

CoStar Group (CSGP) generated $3.25B in revenue, earning $7.50M in net profit (0.2% margin). Its largest revenue source is Multifamily Online Marketplace (40% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

CoStar Group (CSGP) Income Statement Flow — TTM through Q4 2025

Calculated from the four most recent reported quarters, ending December 31, 2025 (reported February 24, 2026).

Frequently asked questions

How does CoStar Group (CSGP) make money?: CoStar Group (CSGP) primarily makes money through Multifamily Online Marketplace, which accounts for 40% of total revenue. For TTM through Q4 2025, CoStar Group generated $3.25B in total revenue with a net profit margin of 0.2%.
What is CoStar Group (CSGP) gross profit margin?: CoStar Group (CSGP) reported a gross profit margin of 77.6% for TTM through Q4 2025, equivalent to $2.52B in gross profit. This means CoStar Group retains 77.6% of each revenue unit after direct costs of production.
What is CoStar Group (CSGP) operating profit margin?: CoStar Group (CSGP) reported an operating profit margin of -2.2% for TTM through Q4 2025, equivalent to −$71.60M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is CoStar Group (CSGP) net profit margin?: CoStar Group (CSGP) reported a net profit margin of 0.2% for TTM through Q4 2025, equivalent to $7.50M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does CoStar Group (CSGP) invest in R&D?: CoStar Group (CSGP) invested $406.00M in research and development in TTM through Q4 2025 (12.5% of total revenue). R&D spending reflects investment in future products, services, and technologies.
How much does CoStar Group (CSGP) spend on capital expenditures?: CoStar Group (CSGP) spent $312.70M on capital expenditures in TTM through Q4 2025 (9.6% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is CoStar Group (CSGP) free cash flow?: CoStar Group (CSGP) generated $117.30M in free cash flow for TTM through Q4 2025 (3.6% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is CoStar Group (CSGP) effective tax rate?: CoStar Group (CSGP) had an effective tax rate of 75.1% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q4 2025.