Sector Alpha Week of 2026-07-28
20-quarter listed-company comparison

Real Estate Services Stocks

Real Estate Services: CBRE Group, Inc. owns the largest revenue base; The Real Brokerage Inc. has the fastest current growth.

The industry itself · before any single company

How has Real Estate Services moved against S&P 500?

The line below covers 5.2 years. Over the most recent two of them this industry is 7% behind S&P 500. Earnings across its companies grew 14% on average over the last four reported quarters.

TURNING · ahead 1w~Moving with the index8 of 23 companies ahead of S&P 500 by 5% or more over three months2 are 20% or more behind over a year while earnings grew 20% or more

RS ↑1w · 10/23 >200d (−2) · 8/23 lead (+1) · EPS 13/22↑

100200202620252024202320222021 184348 TRAILING 12-MONTH EPS · 100 AT THE START0100Mar 22Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 9 reportingJun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 9 reportingSep 2022 · trailing 12-month earnings per share at 94, against 100 at the start · no comparable year yet · 9 reportingDec 2022 · trailing 12-month earnings per share at 73, against 100 at the start · no comparable year yet · 9 reportingMar 2023 · trailing 12-month earnings per share at 53, against 100 at the start · down 43.6% on a year ago · 9 reportingJun 2023 · trailing 12-month earnings per share at 33, against 100 at the start · down 55.7% on a year ago · 9 reportingSep 2023 · trailing 12-month earnings per share at 24, against 100 at the start · down 78.8% on a year ago · 9 reportingDec 2023 · trailing 12-month earnings per share at 24, against 100 at the start · down 54.7% on a year ago · 9 reportingMar 2024 · trailing 12-month earnings per share at 32, against 100 at the start · down 65.7% on a year ago · 9 reportingJun 2024 · trailing 12-month earnings per share at 41, against 100 at the start · down 51.8% on a year ago · 9 reportingSep 2024 · trailing 12-month earnings per share at 51, against 100 at the start · down 33.0% on a year ago · 9 reportingDec 2024 · trailing 12-month earnings per share at 44, against 100 at the start · down 0.9% on a year ago · 9 reportingMar 2025 · trailing 12-month earnings per share at 50, against 100 at the start · up 43.1% on a year ago · 9 reportingJun 2025 · trailing 12-month earnings per share at 53, against 100 at the start · up 10.1% on a year ago · 9 reportingSep 2025 · trailing 12-month earnings per share at 47, against 100 at the start · up 28.0% on a year ago · 9 reportingDec 2025 · trailing 12-month earnings per share at 28, against 100 at the start · up 6.4% on a year ago · 9 reportingMar 2026 · trailing 12-month earnings per share at 23, against 100 at the start · up 10.3% on a year ago · 9 reportingNot reported yet — earnings trail price by a quarter or two23 · Mar 26No earnings on file this far back — the price series reaches further than the filings do
100200202620252024202320222021 184348 TRAILING 12-MONTH EPS · 100 AT THE START0100Mar 22Mar 23Mar 24Mar 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 9 reportingJun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 9 reportingSep 2022 · trailing 12-month earnings per share at 94, against 100 at the start · no comparable year yet · 9 reportingDec 2022 · trailing 12-month earnings per share at 73, against 100 at the start · no comparable year yet · 9 reportingMar 2023 · trailing 12-month earnings per share at 53, against 100 at the start · down 43.6% on a year ago · 9 reportingJun 2023 · trailing 12-month earnings per share at 33, against 100 at the start · down 55.7% on a year ago · 9 reportingSep 2023 · trailing 12-month earnings per share at 24, against 100 at the start · down 78.8% on a year ago · 9 reportingDec 2023 · trailing 12-month earnings per share at 24, against 100 at the start · down 54.7% on a year ago · 9 reportingMar 2024 · trailing 12-month earnings per share at 32, against 100 at the start · down 65.7% on a year ago · 9 reportingJun 2024 · trailing 12-month earnings per share at 41, against 100 at the start · down 51.8% on a year ago · 9 reportingSep 2024 · trailing 12-month earnings per share at 51, against 100 at the start · down 33.0% on a year ago · 9 reportingDec 2024 · trailing 12-month earnings per share at 44, against 100 at the start · down 0.9% on a year ago · 9 reportingMar 2025 · trailing 12-month earnings per share at 50, against 100 at the start · up 43.1% on a year ago · 9 reportingJun 2025 · trailing 12-month earnings per share at 53, against 100 at the start · up 10.1% on a year ago · 9 reportingSep 2025 · trailing 12-month earnings per share at 47, against 100 at the start · up 28.0% on a year ago · 9 reportingDec 2025 · trailing 12-month earnings per share at 28, against 100 at the start · up 6.4% on a year ago · 9 reportingMar 2026 · trailing 12-month earnings per share at 23, against 100 at the start · up 10.3% on a year ago · 9 reportingNot reported yet — earnings trail price by a quarter or two23No earnings on file this far back — the price series reaches further than the filings do
Real Estate Services, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy MixedHow much of the industry is participating, how recently, and whether the movers score well.
Together8 of 23 stocks moving
Fresh3 crossed in the last 4 weeks
Backed by scoresmovers score +1 vs the industry average
Down the cap ladder — bar is now, tick is four weeks ago
Large 1/50
Mid 1/8+1
Small 6/100

Participation is spreading downward — the mid and small companies added more this month than the large ones did.

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 23 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Real Estate Services outperforming S&P 500?

Real Estate Services has underperformed S&P 500 by 7.6% over the last 52 weeks. Over 13 weeks the gap is a lead of 1.7%. 9 of 26 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Rafael Holdings, Inc. is the strongest against the sector itself at +53.8%.

+1.7%Sector vs S&P 500 · 13 weeks
-7.6%Sector vs S&P 500 · 52 weeks
9/26Stocks leading S&P 500
11/26Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Real Estate Services has underperformed S&P 500 by 7.6% over 52 weeks and 1.7% over 13 weeks. 9 of 26 covered companies beat the S&P 500 on Mansfield relative strength, while 11 of 26 beat the sector itself. CBRE Group, Inc. leads with revenue of $42,168 million, based on 25 of 27 comparable companies through Mar 2026.

Is the Real Estate Services sector outperforming S&P 500?

Real Estate Services has underperformed S&P 500 by 7.6% over 52 weeks and 1.7% over 13 weeks. 9 of 26 covered companies beat the S&P 500 on Mansfield relative strength, while 11 of 26 beat the sector itself.

Which Real Estate Services company is largest by revenue?

CBRE Group, Inc. leads with revenue of $42,168 million, based on 25 of 27 comparable companies through Mar 2026.

Which Real Estate Services company is growing fastest?

The Real Brokerage Inc. has the fastest current revenue growth at 46.8%, across 24 of 27 comparable companies.

Which Real Estate Services company has the strongest 4-Factor Sector Score?

Jones Lang LaSalle Incorporated ranks first at 69.3/100 with 82% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Real Estate Services company reports the most CAPEX?

CBRE Group, Inc. reports the largest latest CAPEX at $246 million, with 27 of 27 companies comparable.

Which Real Estate Services company has the least gross debt?

AGNT, Inc has the lowest comparable gross debt at $0 million. CBRE Group, Inc. has the highest at $10,358 million.

Which Real Estate Services company has the lowest comparable PEG?

Jones Lang LaSalle Incorporated has the lowest comparable Guarded PEG at 0.45, among 9 of 27 companies that pass the metric’s comparability rules.

How much history does this Real Estate Services comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
27
complete canonical membership
Combined market value
$113.0B
CBRE Group, Inc.
Revenue growing
19/24
positive TTM year-on-year growth
Beating S&P 500
9/26
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Jones Lang LaSalle Incorporated has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 82% evidence confidence.
The RMR Group Inc. looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
The RMR Group Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Jones Lang LaSalle Incorporated · JLL

69.3/100 · Favorable setup · 82% evidence

Exact sum: 25 + 14.3 + 15.7 + 14.3 = 69.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

25.0/35Growth & earnings

Revenue 11.2% · PAT 65.6% · OPM change 1.1 pp

83% evidence

14.3/25Capital efficiency

ROCE 2% · debt/equity 0.54×

80% evidence

15.7/20Valuation

P/E 16.4× · PEG 0.45

65% evidence

14.3/20Relative strength

RS sector 9.9% · RS bench 1.3% · 1Y 29.3%

100% evidence

2. Comstock Holding Companies, Inc. · CHCI

64.5/100 · Thin evidence · provisional · 51% evidence

Exact sum: 22 + 15.9 + 14.6 + 12 = 64.5

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

22.0/35Growth & earnings

Revenue 24.1% · PAT 13.3% · OPM change —

45% evidence

15.9/25Capital efficiency

ROCE — · debt/equity 0×

34% evidence

14.6/20Valuation

P/E 11.4× · PEG 0.83

65% evidence

12.0/20Relative strength

RS sector 4.2% · RS bench -3.5% · 1Y 21.3%

70% evidence

3. CBRE Group, Inc. · CBRE

63.2/100 · Mixed-positive evidence · 82% evidence

Exact sum: 26.8 + 14.1 + 12.6 + 9.7 = 63.2

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

26.8/35Growth & earnings

Revenue 14.9% · PAT 32.3% · OPM change 1.8 pp

83% evidence

14.1/25Capital efficiency

ROCE 3% · debt/equity 1.11×

80% evidence

12.6/20Valuation

P/E 30.9× · PEG 0.9

65% evidence

9.7/20Relative strength

RS sector -1% · RS bench -9.2% · 1Y -4.5%

100% evidence

4. The RMR Group Inc. · RMR

62.0/100 · Mixed-positive evidence · 76% evidence

Exact sum: 14.9 + 15.1 + 15.7 + 16.3 = 62

Decision use: Price leads the evidence: RS versus the benchmark is 9.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

14.9/35Growth & earnings

Revenue -20.4% · PAT 0% · OPM change 0.3 pp

83% evidence

15.1/25Capital efficiency

ROCE 1.2% · debt/equity 0.39×

80% evidence

15.7/20Valuation

P/E 12.8× · PEG 0.46

65% evidence

16.3/20Relative strength

RS sector 17.6% · RS bench 9.2% · 1Y 27.3%

70% evidence

5. Marcus & Millichap, Inc. · MMI

57.2/100 · Thin evidence · provisional · 59% evidence

Exact sum: 21.8 + 11.4 + 9.6 + 14.4 = 57.2

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

21.8/35Growth & earnings

Revenue 9.7% · PAT — · OPM change 8.8 pp

62% evidence

11.4/25Capital efficiency

ROCE -0.8% · debt/equity 0.13×

80% evidence

9.6/20Valuation

P/E 47.7× · PEG —

15% evidence

14.4/20Relative strength

RS sector 11.2% · RS bench 2.5% · 1Y 3.4%

70% evidence

6. Newmark Group, Inc. · NMRK

56.6/100 · Mixed-positive evidence · 75% evidence

Exact sum: 25.1 + 11.4 + 12.3 + 7.8 = 56.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

25.1/35Growth & earnings

Revenue 21.6% · PAT 97.9% · OPM change 5.8 pp

62% evidence

11.4/25Capital efficiency

ROCE 0.9% · debt/equity 1.4×

80% evidence

12.3/20Valuation

P/E 18.5× · PEG 0.94

65% evidence

7.8/20Relative strength

RS sector -0.4% · RS bench -8.6% · 1Y 7.1%

100% evidence

7. Star Holdings · STHO

55.1/100 · Thin evidence · provisional · 59% evidence

Exact sum: 20.5 + 8.1 + 11.5 + 15 = 55.1

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

20.5/35Growth & earnings

Revenue 11.5% · PAT — · OPM change 21.4 pp

62% evidence

8.1/25Capital efficiency

ROCE -1.2% · debt/equity 0.86×

80% evidence

11.5/20Valuation

P/E 2.3× · PEG —

15% evidence

15.0/20Relative strength

RS sector 12.6% · RS bench 4.1% · 1Y 27.3%

70% evidence

8. FirstService Corporation · FSV

51.6/100 · Thin evidence · provisional · 59% evidence

Exact sum: 19.5 + 14.2 + 9.7 + 8.2 = 51.6

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

19.5/35Growth & earnings

Revenue — · PAT — · OPM change 0.4 pp

45% evidence

14.2/25Capital efficiency

ROCE 2.9% · debt/equity 0.9×

80% evidence

9.7/20Valuation

P/E 40.2× · PEG —

15% evidence

8.2/20Relative strength

RS sector -8.4% · RS bench -16.2% · 1Y -27%

100% evidence

9. Colliers International Group Inc. · CIGI

48.2/100 · Mixed-negative evidence · 82% evidence

Exact sum: 18.3 + 12.3 + 10.2 + 7.4 = 48.2

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

18.3/35Growth & earnings

Revenue 15.5% · PAT -1.7% · OPM change -0.1 pp

83% evidence

12.3/25Capital efficiency

ROCE 0.7% · debt/equity 0.94×

80% evidence

10.2/20Valuation

P/E 66× · PEG 1.09

65% evidence

7.4/20Relative strength

RS sector -18.1% · RS bench -25.5% · 1Y -31.1%

100% evidence

10. Compass, Inc. · COMP

48.2/100 · Mixed-negative evidence · 65% evidence

Exact sum: 15 + 4.5 + 9.1 + 19.6 = 48.2

Decision use: Price leads the evidence: RS versus the benchmark is 16.5%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

15.0/35Growth & earnings

Revenue 40.1% · PAT — · OPM change -9 pp

62% evidence

4.5/25Capital efficiency

ROCE -8.9% · debt/equity 1.44×

80% evidence

9.1/20Valuation

P/E 365.5× · PEG —

15% evidence

19.6/20Relative strength

RS sector 26.6% · RS bench 16.5% · 1Y 51.9%

100% evidence

11. The Real Brokerage Inc. · REAX

47.3/100 · Thin evidence · provisional · 56% evidence

Exact sum: 23.9 + 9.7 + 10 + 3.7 = 47.3

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

23.9/35Growth & earnings

Revenue 46.8% · PAT — · OPM change 0.8 pp

62% evidence

9.7/25Capital efficiency

ROCE -7% · debt/equity 0×

80% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

3.7/20Relative strength

RS sector -44.4% · RS bench -50% · 1Y -55.7%

70% evidence

12. CoStar Group, Inc. · CSGP

46.7/100 · Mixed-negative evidence · 75% evidence

Exact sum: 24.1 + 14 + 3.5 + 5.1 = 46.7

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -44.6% and the one-year return is -67.9%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

24.1/35Growth & earnings

Revenue 21.3% · PAT -78.6% · OPM change 6.2 pp

62% evidence

14.0/25Capital efficiency

ROCE 0% · debt/equity 0.13×

80% evidence

3.5/20Valuation

P/E 672.3× · PEG 5.14

65% evidence

5.1/20Relative strength

RS sector -44.6% · RS bench -50.3% · 1Y -67.9%

100% evidence

13. Transcontinental Realty Investors, Inc. · TCI

46.2/100 · Mixed-negative evidence · 76% evidence

Exact sum: 13.4 + 11.5 + 14 + 7.3 = 46.2

Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

13.4/35Growth & earnings

Revenue 2.1% · PAT 0% · OPM change -10.6 pp

83% evidence

11.5/25Capital efficiency

ROCE -0.2% · debt/equity 0.24×

80% evidence

14.0/20Valuation

P/E 32× · PEG 0.54

65% evidence

7.3/20Relative strength

RS sector -3% · RS bench -11.2% · 1Y 7%

70% evidence

14. IHS Holding Limited · IHS

45.6/100 · Mixed-negative evidence · 65% evidence

Exact sum: 11.9 + 11.7 + 10.9 + 11.1 = 45.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

11.9/35Growth & earnings

Revenue 3.7% · PAT — · OPM change -15.5 pp

62% evidence

11.7/25Capital efficiency

ROCE 3.2% · debt/equity 102.5×

80% evidence

10.9/20Valuation

P/E 15.5× · PEG —

15% evidence

11.1/20Relative strength

RS sector 8.4% · RS bench 0.6% · 1Y 27.1%

100% evidence

15. Seaport Entertainment Group Inc. · SEG

44.6/100 · Thin evidence · provisional · 56% evidence

Exact sum: 11.9 + 7.2 + 10 + 15.5 = 44.6

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

11.9/35Growth & earnings

Revenue 13.4% · PAT — · OPM change -130.3 pp

62% evidence

7.2/25Capital efficiency

ROCE -7% · debt/equity 0.23×

80% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

15.5/20Relative strength

RS sector 15.3% · RS bench 6.6% · 1Y 17.3%

70% evidence

16. American Realty Investors, Inc. · ARL

42.6/100 · Thin evidence · provisional · 59% evidence

Exact sum: 14.2 + 11.8 + 10.3 + 6.3 = 42.6

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

14.2/35Growth & earnings

Revenue 4.2% · PAT — · OPM change -11 pp

62% evidence

11.8/25Capital efficiency

ROCE -0.2% · debt/equity 0.15×

80% evidence

10.3/20Valuation

P/E 20.3× · PEG —

15% evidence

6.3/20Relative strength

RS sector -4.8% · RS bench -12.3% · 1Y 17.4%

70% evidence

17. AGNT, Inc · AGNT

41.3/100 · Thin evidence · provisional · 59% evidence

Exact sum: 17.9 + 11.4 + 9 + 3 = 41.3

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

17.9/35Growth & earnings

Revenue 5.3% · PAT — · OPM change 0.2 pp

62% evidence

11.4/25Capital efficiency

ROCE -3.8% · debt/equity 0×

80% evidence

9.0/20Valuation

P/E 406× · PEG —

15% evidence

3.0/20Relative strength

RS sector -49.4% · RS bench -54.3% · 1Y -57.3%

70% evidence

18. FRP Holdings, Inc. · FRPH

41.0/100 · Mixed-negative evidence · 66% evidence

Exact sum: 10.5 + 12.1 + 8.8 + 9.6 = 41

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

10.5/35Growth & earnings

Revenue 4.8% · PAT -85.7% · OPM change -17.8 pp

83% evidence

12.1/25Capital efficiency

ROCE 0.1% · debt/equity 0.45×

80% evidence

8.8/20Valuation

P/E 547× · PEG —

15% evidence

9.6/20Relative strength

RS sector -0.1% · RS bench -8% · 1Y -9.9%

70% evidence

19. Cushman & Wakefield Limited · CWK

40.9/100 · Mixed-negative evidence · 72% evidence

Exact sum: 16.6 + 10.3 + 9.9 + 4.1 = 40.9

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

16.6/35Growth & earnings

Revenue 10.4% · PAT -53.8% · OPM change 0.3 pp

83% evidence

10.3/25Capital efficiency

ROCE 1.1% · debt/equity 1.6×

80% evidence

9.9/20Valuation

P/E 38.3× · PEG —

15% evidence

4.1/20Relative strength

RS sector -5.5% · RS bench -13.3% · 1Y 14.4%

100% evidence

20. Maui Land & Pineapple Company, Inc. · MLP

40.2/100 · Mixed-negative evidence · 66% evidence

Exact sum: 11.2 + 8.2 + 9.3 + 11.5 = 40.2

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

11.2/35Growth & earnings

Revenue 20% · PAT -500% · OPM change -28.5 pp

83% evidence

8.2/25Capital efficiency

ROCE -5.5% · debt/equity 0.22×

80% evidence

9.3/20Valuation

P/E 239.2× · PEG —

15% evidence

11.5/20Relative strength

RS sector 4% · RS bench -4.1% · 1Y 5.2%

70% evidence

21. RE/MAX Holdings, Inc. · RMAX

35.7/100 · Mixed-negative evidence · 75% evidence

Exact sum: 9.1 + 6 + 7.3 + 13.3 = 35.7

Decision use: Price leads the evidence: RS versus the benchmark is 7.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

9.1/35Growth & earnings

Revenue -5% · PAT -90% · OPM change -18.3 pp

62% evidence

6.0/25Capital efficiency

ROCE -1.8% · debt/equity 20.42×

80% evidence

7.3/20Valuation

P/E 576× · PEG 1.66

65% evidence

13.3/20Relative strength

RS sector 16.8% · RS bench 7.9% · 1Y 28.3%

100% evidence

22. Seritage Growth Properties · SRG

33.8/100 · Thin evidence · provisional · 53% evidence

Exact sum: 9.1 + 10.2 + 10 + 4.5 = 33.8

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

9.1/35Growth & earnings

Revenue 0% · PAT — · OPM change -635.5 pp

62% evidence

10.2/25Capital efficiency

ROCE -4.2% · debt/equity 0.16×

68% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

4.5/20Relative strength

RS sector -25% · RS bench -31.6% · 1Y -23.1%

70% evidence

23. Douglas Elliman Inc. · DOUG

33.4/100 · Thin evidence · provisional · 59% evidence

Exact sum: 9.6 + 7.9 + 11.1 + 4.8 = 33.4

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

9.6/35Growth & earnings

Revenue -5.3% · PAT — · OPM change -6.1 pp

62% evidence

7.9/25Capital efficiency

ROCE -4.8% · debt/equity 0.61×

80% evidence

11.1/20Valuation

P/E 13.9× · PEG —

15% evidence

4.8/20Relative strength

RS sector -21.8% · RS bench -28.8% · 1Y -17.9%

70% evidence

24. Opendoor Technologies Inc. · OPEN

23.5/100 · Adverse evidence · 62% evidence

Exact sum: 7.9 + 4.5 + 10 + 1.1 = 23.5

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

7.9/35Growth & earnings

Revenue -23.2% · PAT — · OPM change -17.2 pp

62% evidence

4.5/25Capital efficiency

ROCE -7.5% · debt/equity 1.4×

80% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

1.1/20Relative strength

RS sector -29.8% · RS bench -36.1% · 1Y 87.6%

100% evidence

25. Rafael Holdings, Inc. · RFL

57.8/100 · Thin evidence · provisional · 28% evidence

Exact sum: 16.3 + 13.9 + 10.6 + 17 = 57.8

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

16.3/35Growth & earnings

Revenue — · PAT — · OPM change —

8% evidence

13.9/25Capital efficiency

ROCE — · debt/equity 0×

34% evidence

10.6/20Valuation

P/E 18.1× · PEG —

15% evidence

17.0/20Relative strength

RS sector 53.8% · RS bench 43% · 1Y 30.3%

70% evidence

26. Hotel101 Global Holdings Corp. · HBNB

45.9/100 · Thin evidence · provisional · 26% evidence

Exact sum: 18.3 + 9.8 + 10 + 7.8 = 45.9

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

18.3/35Growth & earnings

Revenue — · PAT — · OPM change —

9% evidence

9.8/25Capital efficiency

ROCE -1.7% · debt/equity —

34% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

7.8/20Relative strength

RS sector -2.4% · RS bench -9.3% · 1Y 184.7%

70% evidence

27. New England Realty Associates Limited Partnership · NEN

43.3/100 · Thin evidence · provisional · 43% evidence

Exact sum: 11 + 12.3 + 10 + 10 = 43.3

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

11.0/35Growth & earnings

Revenue 14.8% · PAT -112.5% · OPM change -23.9 pp

83% evidence

12.3/25Capital efficiency

ROCE 0.4% · debt/equity —

57% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

10.0/20Relative strength

RS sector — · RS bench — · 1Y -21.4%

0% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

CBRE Group, Inc. has the highest Revenue among the 27 Real Estate Services companies compared here, at $42,168 million. Jones Lang LaSalle Incorporated is next at $26,756 million. The Real Brokerage Inc. has the highest Revenue growth at 46.8%, so level and change sit with different companies. 25 of 27 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: CBRE Group, Inc. is the scale leader at $42,168 million, 57.6% ahead of Jones Lang LaSalle Incorporated. The Real Brokerage Inc.'s growth is 46.8% from a $2,081 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderCBRE Group, Inc. · $42,168 million
Gap57.6% versus #2 · Jones Lang LaSalle Incorporated
Persistence8/8 recent comparable periods
Coverage25/27 companies · 491 observations

Investor read: CBRE Group, Inc. is the scale benchmark; The Real Brokerage Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: CBRE Group, Inc.'s growth falls below The Real Brokerage Inc.'s for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1CBRE Group, Inc. CBRE$42.2B
2Jones Lang LaSalle Incorporated JLL$26.8B
3Cushman & Wakefield Limited CWK$10.5B
4Compass, Inc. COMP$8.3B
5Colliers International Group Inc. CIGI$5.7B
Revenue growthfastest growers
1The Real Brokerage Inc. REAX47%
2Compass, Inc. COMP40%
3Comstock Holding Companies, Inc. CHCI24%
4Newmark Group, Inc. NMRK22%
5CoStar Group, Inc. CSGP21%
Revenue · company comparison
25/27 level · 24/27 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
CBRE Group, Inc. CBRE$10.5B19%Mar 2026
Jones Lang LaSalle Incorporated JLL$6.4B11%Mar 2026
Compass, Inc. COMP$2.7B99%Mar 2026
Cushman & Wakefield Limited CWK$2.5B11%Mar 2026
FirstService Corporation FSV$1.3B5.3%Jun 2026
Colliers International Group Inc. CIGI$1.3B15%Mar 2026
AGNT, Inc AGNT$1.0B5.3%Mar 2026
CoStar Group, Inc. CSGP$897M23%Mar 2026
Newmark Group, Inc. NMRK$847M27%Mar 2026
Opendoor Technologies Inc. OPEN$720M-38%Mar 2026
The Real Brokerage Inc. REAX$466M32%Mar 2026
IHS Holding Limited IHS$415M5.9%Mar 2026
Douglas Elliman Inc. DOUG$214M-15%Mar 2026
Marcus & Millichap, Inc. MMI$171M18%Mar 2026
The RMR Group Inc. RMR$146M-13%Mar 2026
RE/MAX Holdings, Inc. RMAX$70M-5.4%Mar 2026
Hotel101 Global Holdings Corp. HBNB$59M883%Dec 2025
New England Realty Associates Limited Partnership NEN$24M14%Mar 2026
Star Holdings STHO$21M40%Mar 2026
Comstock Holding Companies, Inc. CHCI$17M31%Mar 2026
Seaport Entertainment Group Inc. SEG$13M-19%Mar 2026
Transcontinental Realty Investors, Inc. TCI$12M0.0%Mar 2026
American Realty Investors, Inc. ARL$12M0.0%Mar 2026
FRP Holdings, Inc. FRPH$11M10%Mar 2026
Maui Land & Pineapple Company, Inc. MLP$3M-50%Mar 2026
Seritage Growth Properties SRG$2M-60%Mar 2026
Rafael Holdings, Inc. RFL$0M-100%Jun 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Showing the 12 largest of 27 companies with a series here. The remaining 15 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

CBRE Group, Inc. · CBRE

$6.8B
$8.6B
$7.3B
$7.8B
$7.5B
$8.2B
$7.4B
$7.7B
$7.9B
$9.0B
$7.9B
$8.4B
$9.0B
$10.4B
$8.9B
$9.8B
$10.3B
$11.6B
$10.5B

Colliers International Group Inc. · CIGI

$1.0B
$1.3B
$1.0B
$1.1B
$1.1B
$1.2B
$966M
$1.1B
$1.1B
$1.2B
$1.0B
$1.1B
$1.2B
$1.5B
$1.1B
$1.3B
$1.5B
$1.6B
$1.3B

Compass, Inc. · COMP

$1.7B
$1.6B
$1.4B
$2.0B
$1.5B
$1.1B
$957M
$1.5B
$1.3B
$1.1B
$1.1B
$1.7B
$1.5B
$1.4B
$1.4B
$2.1B
$1.8B
$1.7B
$2.7B

CoStar Group, Inc. · CSGP

$499M
$507M
$516M
$536M
$557M
$573M
$584M
$606M
$625M
$640M
$656M
$678M
$693M
$709M
$732M
$781M
$834M
$900M
$897M

Cushman & Wakefield Limited · CWK

$2.3B
$2.9B
$2.3B
$2.6B
$2.5B
$2.6B
$2.2B
$2.4B
$2.3B
$2.6B
$2.2B
$2.3B
$2.3B
$2.6B
$2.3B
$2.5B
$2.6B
$2.9B
$2.5B

FirstService Corporation · FSV

$849M
$857M
$835M
$931M
$960M
$1.0B
$1.0B
$1.1B
$1.1B
$1.1B
$1.2B
$1.3B
$1.4B
$1.4B
$1.3B
$1.4B
$1.4B
$1.4B
$1.3B

Hotel101 Global Holdings Corp. · HBNB

$0M
$0M
$6M
$17M
$59M

IHS Holding Limited · IHS

$401M
$416M
$446M
$468M
$521M
$526M
$603M
$546M
$467M
$510M
$418M
$435M
$420M
$393M
$392M
$433M
$455M
$398M
$415M

Jones Lang LaSalle Incorporated · JLL

$4.9B
$5.9B
$4.8B
$5.3B
$5.2B
$5.6B
$4.7B
$5.1B
$5.1B
$5.9B
$5.1B
$5.6B
$5.9B
$6.8B
$5.7B
$6.3B
$6.5B
$7.6B
$6.4B

Marcus & Millichap, Inc. · MMI

$332M
$495M
$319M
$396M
$324M
$262M
$155M
$163M
$162M
$166M
$129M
$158M
$169M
$240M
$145M
$172M
$194M
$244M
$171M

Newmark Group, Inc. · NMRK

$788M
$984M
$678M
$755M
$665M
$607M
$521M
$586M
$616M
$747M
$546M
$633M
$686M
$873M
$665M
$759M
$863M
$1.0B
$847M

Opendoor Technologies Inc. · OPEN

$2.3B
$3.8B
$5.2B
$4.2B
$3.4B
$2.9B
$3.1B
$2.0B
$980M
$870M
$1.2B
$1.5B
$1.4B
$1.1B
$1.2B
$1.6B
$915M
$736M
$720M

Revenue growth · reported quarter history

Showing the 12 largest of 27 companies with a series here. The remaining 15 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

CBRE Group, Inc. · CBRE

20%
11%
-4.2%
1.1%
-0.7%
4.5%
9.2%
7.1%
8.7%
15%
16%
12%
16%
14%
12%
19%

Colliers International Group Inc. · CIGI

19%
8.3%
-9.1%
-3.5%
-4.4%
-4.7%
1.1%
3.7%
5.7%
12%
22%
14%
18%
24%
7.0%
15%

Compass, Inc. · COMP

3.5%
-14%
-31%
-32%
-26%
-11%
-1.0%
10%
14%
12%
26%
29%
21%
24%
23%
99%

CoStar Group, Inc. · CSGP

12%
12%
13%
13%
13%
12%
12%
12%
12%
11%
11%
12%
15%
20%
27%
23%

Cushman & Wakefield Limited · CWK

16%
7.8%
-8.2%
-3.5%
-7.9%
-9.1%
-3.6%
-2.9%
-4.9%
2.5%
3.1%
4.6%
8.6%
11%
11%
11%

FirstService Corporation · FSV

12%
13%
19%
22%
20%
16%
5.8%
14%
16%
25%
27%
8.0%
9.2%
3.7%
1.3%
5.3%

Hotel101 Global Holdings Corp. · HBNB

883%

IHS Holding Limited · IHS

16%
30%
26%
35%
17%
-10%
-3.0%
-31%
-20%
-10%
-23%
-6.2%
-0.5%
8.3%
1.3%
5.9%

Jones Lang LaSalle Incorporated · JLL

17%
5.9%
-5.7%
-1.8%
-4.3%
-1.3%
4.9%
8.7%
11%
15%
16%
12%
11%
11%
12%
11%

Marcus & Millichap, Inc. · MMI

39%
-2.4%
-47%
-51%
-59%
-50%
-37%
-17%
-3.1%
4.3%
45%
12%
8.9%
15%
1.7%
18%

Newmark Group, Inc. · NMRK

20%
-16%
-38%
-23%
-22%
-7.4%
23%
4.8%
8.0%
11%
17%
22%
20%
26%
15%
27%

Opendoor Technologies Inc. · OPEN

254%
48%
-25%
-39%
-53%
-71%
-70%
-62%
-24%
41%
25%
-2.4%
3.7%
-34%
-32%
-38%
02 · compare level, then change

Operating Economics & Margin Trend

IHS Holding Limited has the highest OPM among the 27 Real Estate Services companies compared here, at 26.8%. New England Realty Associates Limited Partnership is next at 6.2%. Star Holdings has the highest Margin change at +21.4 percentage points, so level and change sit with different companies. 23 of 27 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: IHS Holding Limited leads opm at 26.8%; Star Holdings leads margin change at +21.4 percentage points.

LeaderIHS Holding Limited · 26.8%
Gap332.3% versus #2 · New England Realty Associates Limited Partnership
Persistence6/8 recent comparable periods
Coverage23/27 companies · 443 observations

Investor read: IHS Holding Limited sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1IHS Holding Limited IHS27%
2New England Realty Associates Limited Partnership NEN6.2%
3CBRE Group, Inc. CBRE4.9%
4FRP Holdings, Inc. FRPH4.8%
5The RMR Group Inc. RMR4.8%
Margin changefastest expanders
1Star Holdings STHO+21.4 pp
2Marcus & Millichap, Inc. MMI+8.8 pp
3CoStar Group, Inc. CSGP+6.2 pp
4Newmark Group, Inc. NMRK+5.8 pp
5CBRE Group, Inc. CBRE+1.8 pp
Operating margin · company comparison
23/27 level · 24/27 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
IHS Holding Limited IHS27%−15.5 ppMar 2026
New England Realty Associates Limited Partnership NEN6.2%−23.9 ppMar 2026
CBRE Group, Inc. CBRE4.9%+1.8 ppMar 2026
The RMR Group Inc. RMR4.8%+0.3 ppMar 2026
FRP Holdings, Inc. FRPH4.8%−17.8 ppMar 2026
FirstService Corporation FSV3.5%+0.4 ppJun 2026
Jones Lang LaSalle Incorporated JLL3.2%+1.1 ppMar 2026
Newmark Group, Inc. NMRK3.2%+5.8 ppMar 2026
Colliers International Group Inc. CIGI2.7%−0.1 ppMar 2026
Cushman & Wakefield Limited CWK2.3%+0.3 ppMar 2026
CoStar Group, Inc. CSGP0.3%+6.2 ppMar 2026
The Real Brokerage Inc. REAX-0.7%+0.8 ppMar 2026
AGNT, Inc AGNT-0.9%+0.2 ppMar 2026
Marcus & Millichap, Inc. MMI-3.4%+8.8 ppMar 2026
Douglas Elliman Inc. DOUG-8.2%−6.1 ppMar 2026
RE/MAX Holdings, Inc. RMAX-11%−18.3 ppMar 2026
Compass, Inc. COMP-13%−9.0 ppMar 2026
Transcontinental Realty Investors, Inc. TCI-16%−10.6 ppMar 2026
American Realty Investors, Inc. ARL-18%−11.0 ppMar 2026
Opendoor Technologies Inc. OPEN-22%−17.2 ppMar 2026
Star Holdings STHO-30%+21.4 ppMar 2026
Maui Land & Pineapple Company, Inc. MLP-59%−28.5 ppMar 2026
Seritage Growth Properties SRG-141%−635.5 ppMar 2026
Seaport Entertainment Group Inc. SEG-334%−130.3 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Showing the 12 largest of 24 companies with a series here. The remaining 12 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AGNT, Inc · AGNT

1.0%
0.1%
0.4%
0.8%
0.0%
-1.2%
0.0%
1.0%
0.3%
-1.6%
-1.9%
1.4%
-0.7%
-1.0%
-1.1%
-0.2%
0.3%
-1.1%
-0.9%

CBRE Group, Inc. · CBRE

6.0%
6.9%
5.1%
6.7%
5.0%
3.0%
0.5%
4.0%
3.4%
5.6%
2.6%
2.9%
4.1%
5.7%
3.1%
3.8%
4.7%
5.3%
4.9%

Colliers International Group Inc. · CIGI

7.4%
10%
4.1%
9.2%
7.6%
8.5%
2.3%
7.0%
6.7%
11%
4.3%
10%
9.3%
8.1%
2.8%
7.4%
7.2%
8.4%
2.7%

Compass, Inc. · COMP

-5.8%
-11%
-13%
-4.9%
-10%
-14%
-16%
-3.0%
-2.9%
-7.6%
-13%
1.3%
-0.2%
-2.9%
-4.0%
1.9%
-0.4%
-2.5%
-13%

CoStar Group, Inc. · CSGP

18%
28%
25%
21%
15%
22%
12%
13%
9.9%
11%
-6.5%
-2.4%
3.4%
5.6%
-5.9%
-3.5%
-6.1%
5.5%
0.3%

Cushman & Wakefield Limited · CWK

5.6%
8.6%
5.8%
6.8%
4.5%
1.6%
-0.8%
2.3%
2.5%
6.6%
0.9%
3.1%
3.2%
7.3%
2.0%
4.9%
4.1%
6.1%
2.3%

FirstService Corporation · FSV

7.2%
5.2%
3.5%
6.4%
6.5%
6.6%
4.0%
7.4%
6.6%
4.5%
3.3%
6.5%
9.0%
6.6%
3.1%
6.9%
8.0%
6.2%
3.5%

IHS Holding Limited · IHS

14%
19%
24%
21%
26%
-5.1%
32%
27%
2.9%
34%
-1.7%
34%
30%
61%
42%
34%
35%
81%
27%

Jones Lang LaSalle Incorporated · JLL

6.0%
7.5%
3.7%
4.5%
3.9%
4.5%
0.4%
3.0%
2.3%
4.9%
2.2%
2.7%
3.9%
5.5%
2.1%
3.2%
4.2%
6.7%
3.2%

Marcus & Millichap, Inc. · MMI

14%
17%
14%
14%
9.4%
2.2%
-10%
-6.6%
-9.5%
-10%
-16%
-5.1%
-6.8%
2.8%
-12%
-5.3%
-1.2%
6.3%
-3.4%

Newmark Group, Inc. · NMRK

29%
23%
1.9%
12%
8.8%
4.2%
-2.3%
4.7%
4.9%
11%
-4.1%
6.4%
6.0%
12%
-2.6%
5.6%
9.9%
12%
3.2%

Opendoor Technologies Inc. · OPEN

-3.0%
-2.7%
2.3%
0.8%
-24%
-9.5%
-4.0%
-3.4%
-8.1%
-13%
-7.4%
-4.8%
-4.9%
-8.7%
-4.9%
-0.8%
-7.4%
-20%
-22%

Margin change · reported quarter history

Showing the 12 largest of 24 companies with a series here. The remaining 12 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AGNT, Inc · AGNT

−0.9 pp
−1.0 pp
−1.3 pp
−0.4 pp
+0.2 pp
+0.3 pp
−0.4 pp
−1.9 pp
+0.4 pp
−1.0 pp
+0.6 pp
+0.8 pp
−1.6 pp
+1.0 pp
−0.1 pp
+0.2 pp

CBRE Group, Inc. · CBRE

+1.0 pp
−1.0 pp
−3.9 pp
−4.6 pp
−2.7 pp
−1.6 pp
+2.6 pp
+2.1 pp
−1.1 pp
+0.7 pp
+0.1 pp
+0.5 pp
+0.9 pp
+0.6 pp
−0.4 pp
+1.8 pp

Colliers International Group Inc. · CIGI

+50.0 pp
+0.2 pp
−1.8 pp
−1.8 pp
−2.2 pp
−0.9 pp
+2.2 pp
+2.0 pp
+3.1 pp
+2.6 pp
−2.6 pp
−1.5 pp
−2.7 pp
−2.1 pp
+0.3 pp
−0.1 pp

Compass, Inc. · COMP

−4.5 pp
−4.4 pp
−3.1 pp
−2.2 pp
+1.9 pp
+7.3 pp
+6.2 pp
+3.0 pp
+4.3 pp
+2.7 pp
+4.7 pp
+8.5 pp
+0.6 pp
−0.2 pp
+0.4 pp
−9.0 pp

CoStar Group, Inc. · CSGP

−0.5 pp
−2.7 pp
−5.5 pp
−12.5 pp
−7.4 pp
−5.4 pp
−11.4 pp
−18.9 pp
−15.5 pp
−6.5 pp
−5.2 pp
+0.6 pp
−1.1 pp
−9.5 pp
−0.1 pp
+6.2 pp

Cushman & Wakefield Limited · CWK

+1.3 pp
−1.1 pp
−7.0 pp
−6.6 pp
−4.5 pp
−2.0 pp
+5.0 pp
+1.7 pp
+0.8 pp
+0.7 pp
+0.7 pp
+1.1 pp
+1.8 pp
+0.9 pp
−1.2 pp
+0.3 pp

FirstService Corporation · FSV

−1.0 pp
−0.7 pp
+1.4 pp
+0.5 pp
+1.0 pp
+0.1 pp
−2.1 pp
−0.7 pp
−0.9 pp
+2.4 pp
+2.1 pp
−0.2 pp
+0.4 pp
−1.0 pp
−0.4 pp
+0.4 pp

IHS Holding Limited · IHS

−15.7 pp
+11.8 pp
−24.0 pp
+8.1 pp
+6.4 pp
−22.8 pp
+39.3 pp
−34.1 pp
+7.0 pp
+27.0 pp
+26.4 pp
+44.0 pp
−0.2 pp
+5.2 pp
+20.8 pp
−15.5 pp

Jones Lang LaSalle Incorporated · JLL

−0.5 pp
−2.1 pp
−3.0 pp
−3.3 pp
−1.5 pp
−1.6 pp
+0.4 pp
+1.8 pp
−0.3 pp
+1.6 pp
+0.6 pp
−0.1 pp
+0.5 pp
+0.3 pp
+1.2 pp
+1.1 pp

Marcus & Millichap, Inc. · MMI

−0.3 pp
−4.3 pp
−14.3 pp
−24.3 pp
−20.9 pp
−18.9 pp
−12.5 pp
−5.2 pp
+1.5 pp
+2.7 pp
+13.1 pp
+3.4 pp
−0.2 pp
+5.6 pp
+3.5 pp
+8.8 pp

Newmark Group, Inc. · NMRK

−105.1 pp
−19.8 pp
−19.1 pp
−4.2 pp
−7.1 pp
−3.9 pp
+6.4 pp
−1.8 pp
+1.7 pp
+1.1 pp
+1.3 pp
+1.5 pp
−0.8 pp
+3.9 pp
+0.4 pp
+5.8 pp

Opendoor Technologies Inc. · OPEN

+13.6 pp
−21.1 pp
−6.8 pp
−6.3 pp
−4.2 pp
+16.0 pp
−3.7 pp
−3.4 pp
−1.4 pp
+3.2 pp
+4.5 pp
+2.5 pp
+4.0 pp
−2.5 pp
−11.7 pp
−17.2 pp
03 · compare level, then change

Profit Scale & Acceleration

CBRE Group, Inc. has the highest Net profit among the 27 Real Estate Services companies compared here, at $1,427 million. Jones Lang LaSalle Incorporated is next at $894 million. Jones Lang LaSalle Incorporated has the highest Profit growth at 65.6%, so level and change sit with different companies. Its Net profit series carries 19 reported observations across the 20-quarter window.

What the numbers say: CBRE Group, Inc. leads with $1,427 million of TTM profit, 59.6% above Jones Lang LaSalle Incorporated. Jones Lang LaSalle Incorporated shows 65.6% growth from a $894 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderCBRE Group, Inc. · $1,427 million
Gap59.6% versus #2 · Jones Lang LaSalle Incorporated
Persistence6/8 recent comparable periods
Coverage25/27 companies · 493 observations

Investor read: CBRE Group, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1CBRE Group, Inc. CBRE$1.4B
2Jones Lang LaSalle Incorporated JLL$894M
3Colliers International Group Inc. CIGI$227M
4Newmark Group, Inc. NMRK$188M
5IHS Holding Limited IHS$162M
Profit growthfastest growers
1Jones Lang LaSalle Incorporated JLL66%
2CBRE Group, Inc. CBRE32%
3Comstock Holding Companies, Inc. CHCI13%
4The RMR Group Inc. RMR0.0%
5Transcontinental Realty Investors, Inc. TCI0.0%
Net profit · company comparison
25/27 level · 10/27 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
CBRE Group, Inc. CBRE$342M79%Mar 2026
Jones Lang LaSalle Incorporated JLL$159M174%Mar 2026
IHS Holding Limited IHS$67M43%Mar 2026
FirstService Corporation FSV$24M71%Jun 2026
Compass, Inc. COMP$22M86%Mar 2026
Newmark Group, Inc. NMRK$17M30%Mar 2026
Colliers International Group Inc. CIGI$11M22%Mar 2026
CoStar Group, Inc. CSGP$3M-22%Mar 2026
The RMR Group Inc. RMR$2M-75%Mar 2026
Comstock Holding Companies, Inc. CHCI$2M0.0%Mar 2026
Transcontinental Realty Investors, Inc. TCI$0M-100%Mar 2026
FRP Holdings, Inc. FRPH$-1M-150%Mar 2026
American Realty Investors, Inc. ARL$-1M-125%Mar 2026
Maui Land & Pineapple Company, Inc. MLP$-2M-140%Mar 2026
Marcus & Millichap, Inc. MMI$-3M44%Mar 2026
The Real Brokerage Inc. REAX$-3MMar 2026
New England Realty Associates Limited Partnership NEN$-4M-200%Mar 2026
AGNT, Inc AGNT$-5M-121%Mar 2026
Hotel101 Global Holdings Corp. HBNB$-7MDec 2025
Rafael Holdings, Inc. RFL$-7M-183%Jun 2026
Cushman & Wakefield Limited CWK$-13M-750%Mar 2026
Star Holdings STHO$-14M-100%Mar 2026
RE/MAX Holdings, Inc. RMAX$-16M-25%Mar 2026
Douglas Elliman Inc. DOUG$-16M-150%Mar 2026
Seritage Growth Properties SRG$-30M-375%Mar 2026
Seaport Entertainment Group Inc. SEG$-44MMar 2026
Opendoor Technologies Inc. OPEN$-173M-500%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 27 companies with a series here. The remaining 15 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

CBRE Group, Inc. · CBRE

$437M
$693M
$396M
$490M
$452M
$86M
$125M
$206M
$201M
$495M
$148M
$142M
$245M
$501M
$191M
$239M
$396M
$450M
$342M

Colliers International Group Inc. · CIGI

$50M
$100M
$21M
$67M
$45M
$62M
$-1M
$35M
$29M
$81M
$14M
$72M
$69M
$81M
$9M
$64M
$65M
$87M
$11M

Compass, Inc. · COMP

$-100M
$-175M
$-188M
$-101M
$-154M
$-158M
$-150M
$-47M
$-39M
$-83M
$-133M
$21M
$-2M
$-40M
$-51M
$39M
$-5M
$-40M
$22M

CoStar Group, Inc. · CSGP

$64M
$93M
$89M
$83M
$72M
$124M
$87M
$101M
$91M
$97M
$7M
$19M
$53M
$60M
$-15M
$6M
$-31M
$47M
$3M

Cushman & Wakefield Limited · CWK

$69M
$146M
$46M
$97M
$24M
$-2M
$-76M
$5M
$-34M
$94M
$-29M
$14M
$34M
$108M
$2M
$57M
$51M
$-22M
$-13M

FirstService Corporation · FSV

$53M
$35M
$19M
$41M
$41M
$44M
$23M
$55M
$46M
$24M
$15M
$45M
$78M
$50M
$14M
$55M
$71M
$50M
$24M

Hotel101 Global Holdings Corp. · HBNB

$-1M
$-2M
$-2M
$-5M
$-12M
$-7M

IHS Holding Limited · IHS

$-30M
$-72M
$15M
$-179M
$-37M
$-269M
$8M
$-1.3B
$-269M
$-457M
$-1.6B
$-124M
$-206M
$243M
$47M
$32M
$147M
$-84M
$67M

Jones Lang LaSalle Incorporated · JLL

$237M
$421M
$144M
$336M
$138M
$176M
$-9M
$3M
$59M
$172M
$66M
$85M
$155M
$242M
$58M
$111M
$222M
$402M
$159M

Marcus & Millichap, Inc. · MMI

$34M
$62M
$33M
$42M
$21M
$8M
$-6M
$-9M
$-9M
$-10M
$-10M
$-6M
$-5M
$9M
$-4M
$-11M
$0M
$13M
$-3M

Newmark Group, Inc. · NMRK

$163M
$185M
$1M
$62M
$38M
$12M
$-16M
$11M
$14M
$53M
$-26M
$23M
$24M
$64M
$-16M
$30M
$58M
$83M
$17M

Opendoor Technologies Inc. · OPEN

$-57M
$-191M
$28M
$-54M
$-928M
$-399M
$-101M
$23M
$-106M
$-91M
$-109M
$-92M
$-78M
$-113M
$-85M
$-29M
$-90M
$-1.1B
$-173M

Profit growth · reported quarter history

Showing the 12 largest of 24 companies with a series here. The remaining 12 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AGNT, Inc · AGNT

-76%
-83%
-147%
-67%
133%
0.0%
-1,067%
14%
-475%
-121%

CBRE Group, Inc. · CBRE

11%
3.4%
-88%
-68%
-58%
-56%
476%
18%
-31%
22%
1.2%
29%
68%
62%
-10%
79%

Colliers International Group Inc. · CIGI

-10%
-38%
-105%
-48%
-36%
31%
106%
138%
0.0%
-36%
-11%
-5.8%
7.4%
22%

Compass, Inc. · COMP

86%

CoStar Group, Inc. · CSGP

36%
13%
33%
-2.3%
22%
26%
-22%
-92%
-81%
-42%
-38%
-314%
-68%
-158%
-22%

Cushman & Wakefield Limited · CWK

83%
-65%
-101%
-265%
-95%
-242%
180%
15%
307%
50%
-120%
-750%

FirstService Corporation · FSV

-6.8%
-23%
26%
21%
34%
12%
-45%
-35%
-18%
70%
108%
-6.7%
22%
-9.0%
0.0%
71%

IHS Holding Limited · IHS

-269%
-47%
-19,563%
-135%
43%

Jones Lang LaSalle Incorporated · JLL

69%
-42%
-58%
-106%
-99%
-57%
-2.3%
2,733%
163%
41%
-12%
31%
43%
66%
174%

Marcus & Millichap, Inc. · MMI

31%
-38%
-87%
-118%
-121%
-143%
-225%
44%

Newmark Group, Inc. · NMRK

-89%
-77%
-94%
-1,700%
-82%
-63%
342%
109%
71%
21%
30%
142%
30%

Opendoor Technologies Inc. · OPEN

-461%
-500%
04 · compare level, then change

Capacity Spending & Returns On It

CBRE Group, Inc. has the highest CAPEX among the 27 Real Estate Services companies compared here, at $246 million. Jones Lang LaSalle Incorporated is next at $65 million. FRP Holdings, Inc. has the highest CAPEX intensity at 118.2%, so level and change sit with different companies. 27 of 27 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: CBRE Group, Inc. reports $246 million of CAPEX; FRP Holdings, Inc. has the highest covered intensity at 118.2%. Coverage is only 27 of 27 companies and 479 reported observations, so this is partial evidence—not a complete sector rank.

LeaderCBRE Group, Inc. · $246 million
Gap278.5% versus #2 · Jones Lang LaSalle Incorporated
Persistence8/8 recent comparable periods
Coverage27/27 companies · 479 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1CBRE Group, Inc. CBRE$246M
2Jones Lang LaSalle Incorporated JLL$65M
3CoStar Group, Inc. CSGP$54M
4IHS Holding Limited IHS$46M
5FirstService Corporation FSV$31M
CAPEX intensityhighest reinvestment intensity
1FRP Holdings, Inc. FRPH118%
2Seaport Entertainment Group Inc. SEG46%
3American Realty Investors, Inc. ARL42%
4Transcontinental Realty Investors, Inc. TCI42%
5Maui Land & Pineapple Company, Inc. MLP33%
Capital expenditure · company comparison
27/27 level · 26/27 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyCAPEXCAPEX intensityReported
CBRE Group, Inc. CBRE$246M2.3%Mar 2026
Jones Lang LaSalle Incorporated JLL$65M1.0%Mar 2026
CoStar Group, Inc. CSGP$54M6.0%Mar 2026
IHS Holding Limited IHS$46M11%Mar 2026
FirstService Corporation FSV$31M2.1%Jun 2026
Colliers International Group Inc. CIGI$18M1.4%Mar 2026
FRP Holdings, Inc. FRPH$13M118%Mar 2026
Cushman & Wakefield Limited CWK$12M0.5%Mar 2026
Compass, Inc. COMP$11M0.4%Mar 2026
Newmark Group, Inc. NMRK$10M1.2%Mar 2026
Seaport Entertainment Group Inc. SEG$6M46%Mar 2026
Transcontinental Realty Investors, Inc. TCI$5M42%Mar 2026
American Realty Investors, Inc. ARL$5M42%Mar 2026
Opendoor Technologies Inc. OPEN$4M0.6%Mar 2026
New England Realty Associates Limited Partnership NEN$4M17%Mar 2026
Marcus & Millichap, Inc. MMI$3M1.8%Mar 2026
AGNT, Inc AGNT$3M0.3%Mar 2026
The RMR Group Inc. RMR$3M2.1%Mar 2026
RE/MAX Holdings, Inc. RMAX$2M2.9%Mar 2026
Hotel101 Global Holdings Corp. HBNB$1M1.7%Dec 2025
Maui Land & Pineapple Company, Inc. MLP$1M33%Mar 2026
Star Holdings STHO$1M4.8%Mar 2026
The Real Brokerage Inc. REAX$0M0.0%Mar 2026
Douglas Elliman Inc. DOUG$0M0.0%Mar 2026
Comstock Holding Companies, Inc. CHCI$0M0.0%Mar 2026
Seritage Growth Properties SRG$0M0.0%Mar 2026
Rafael Holdings, Inc. RFL$0MJun 2026
Full 20-quarter history · every available company

CAPEX · reported quarter history

Showing the 12 largest of 27 companies with a series here. The remaining 15 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

CBRE Group, Inc. · CBRE

$45M
$89M
$42M
$55M
$64M
$99M
$60M
$75M
$179M
$162M
$127M
$144M
$155M
$270M
$130M
$142M
$190M
$294M
$246M

Colliers International Group Inc. · CIGI

$12M
$14M
$10M
$14M
$18M
$26M
$19M
$22M
$19M
$24M
$17M
$12M
$16M
$20M
$15M
$16M
$17M
$31M
$18M

Compass, Inc. · COMP

$14M
$17M
$21M
$21M
$16M
$13M
$4M
$3M
$3M
$3M
$5M
$5M
$4M
$2M
$11M

CoStar Group, Inc. · CSGP

$8M
$44M
$12M
$44M
$19M
$15M
$20M
$5M
$22M
$67M
$380M
$92M
$87M
$79M
$80M
$151M
$92M
$67M
$54M

Cushman & Wakefield Limited · CWK

$11M
$22M
$19M
$12M
$14M
$10M
$10M
$11M
$14M
$2M
$11M
$12M
$9M
$7M
$5M
$9M
$11M
$23M
$12M

FirstService Corporation · FSV

$13M
$16M
$17M
$20M
$19M
$22M
$21M
$23M
$23M
$25M
$25M
$29M
$27M
$32M
$30M
$33M
$34M
$31M
$28M
$31M

Hotel101 Global Holdings Corp. · HBNB

$0M
$0M
$0M
$1M

IHS Holding Limited · IHS

$81M
$147M
$117M
$134M
$174M
$119M
$141M
$192M
$139M
$104M
$65M
$62M
$62M
$76M
$57M
$46M
$73M
$77M
$46M

Jones Lang LaSalle Incorporated · JLL

$42M
$64M
$47M
$40M
$49M
$70M
$49M
$39M
$50M
$49M
$43M
$38M
$45M
$59M
$45M
$44M
$50M
$77M
$65M

Marcus & Millichap, Inc. · MMI

$1M
$3M
$2M
$3M
$4M
$3M
$3M
$3M
$2M
$2M
$3M
$2M
$2M
$2M
$1M
$2M
$2M
$2M
$3M

Newmark Group, Inc. · NMRK

$5M
$8M
$9M
$9M
$22M
$22M
$18M
$15M
$10M
$12M
$7M
$9M
$9M
$6M
$5M
$7M
$8M
$10M
$10M

Opendoor Technologies Inc. · OPEN

$12M
$10M
$10M
$10M
$13M
$4M
$8M
$9M
$11M
$9M
$8M
$8M
$6M
$3M
$4M
$2M
$3M
$3M
$4M

CAPEX intensity · reported quarter history

Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

CBRE Group, Inc. · CBRE

0.7%
1.0%
0.6%
0.7%
0.8%
1.2%
0.8%
1.0%
2.3%
1.8%
1.6%
1.7%
1.7%
2.6%
1.5%
1.5%
1.9%
2.5%
2.3%

Colliers International Group Inc. · CIGI

1.2%
1.0%
1.0%
1.2%
1.6%
2.1%
2.0%
2.0%
1.8%
1.9%
1.7%
1.1%
1.4%
1.3%
1.3%
1.2%
1.2%
1.9%
1.4%

Compass, Inc. · COMP

0.8%
1.1%
1.5%
1.0%
1.1%
1.2%
0.4%
0.2%
0.2%
0.3%
0.3%
0.3%
0.3%
0.1%
0.4%

CoStar Group, Inc. · CSGP

1.6%
8.7%
2.3%
8.2%
3.4%
2.6%
3.4%
0.8%
3.5%
11%
58%
14%
13%
11%
11%
19%
11%
7.4%
6.0%

Cushman & Wakefield Limited · CWK

0.5%
0.8%
0.8%
0.5%
0.6%
0.4%
0.4%
0.5%
0.6%
0.1%
0.5%
0.5%
0.4%
0.3%
0.2%
0.4%
0.4%
0.8%
0.5%

FirstService Corporation · FSV

1.5%
1.9%
2.0%
2.1%
2.0%
2.2%
2.1%
2.1%
2.1%
2.3%
2.2%
2.2%
1.9%
2.3%
2.4%
2.3%
2.3%
2.2%
2.1%

Hotel101 Global Holdings Corp. · HBNB

0.0%
0.0%
1.7%

IHS Holding Limited · IHS

20%
35%
26%
29%
33%
23%
23%
35%
30%
20%
16%
14%
15%
19%
15%
11%
16%
19%
11%

Jones Lang LaSalle Incorporated · JLL

0.9%
1.1%
1.0%
0.8%
0.9%
1.2%
1.0%
0.8%
1.0%
0.8%
0.8%
0.7%
0.8%
0.9%
0.8%
0.7%
0.8%
1.0%
1.0%

Marcus & Millichap, Inc. · MMI

0.3%
0.6%
0.6%
0.8%
1.2%
1.1%
1.9%
1.8%
1.2%
1.2%
2.3%
1.3%
1.2%
0.8%
0.7%
1.2%
1.0%
0.8%
1.8%

Newmark Group, Inc. · NMRK

0.6%
0.8%
1.3%
1.2%
3.3%
3.6%
3.5%
2.6%
1.6%
1.6%
1.3%
1.4%
1.3%
0.7%
0.8%
0.9%
0.9%
1.0%
1.2%

Opendoor Technologies Inc. · OPEN

0.5%
0.3%
0.2%
0.2%
0.4%
0.1%
0.3%
0.5%
1.1%
1.0%
0.7%
0.5%
0.4%
0.3%
0.3%
0.1%
0.3%
0.4%
0.6%
Annual capital allocation · 6-year view
27/27 capacity base · 27/27 OCF · 27/27 CAPEX · 27/27 FCF

Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.

Full annual capacity base, operating cash flow, CAPEX and free cash flow history

Capacity base · net fixed assets + CWIP · fiscal-year history

Showing the 12 largest of 27 companies with a series here. The remaining 15 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

CBRE Group, Inc. · CBRE

$2.2B
$2.0B
$2.2B
$2.6B
$3.8B

Compass, Inc. · COMP

$642M
$676M
$560M
$515M
$495M

CoStar Group, Inc. · CSGP

$372M
$402M
$552M
$1.1B
$1.4B

IHS Holding Limited · IHS

$2.2B
$3.0B
$2.6B
$2.0B
$1.2B

Newmark Group, Inc. · NMRK

$742M
$794M
$774M
$667M
$604M

Operating cash flow · fiscal-year history

Showing the 12 largest of 27 companies with a series here. The remaining 15 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

CBRE Group, Inc. · CBRE

$2.4B
$1.6B
$480M
$1.7B
$1.6B

Compass, Inc. · COMP

$-29M
$-292M
$-26M
$122M
$217M

CoStar Group, Inc. · CSGP

$470M
$479M
$490M
$393M
$430M

IHS Holding Limited · IHS

$750M
$907M
$854M
$729M
$936M

Newmark Group, Inc. · NMRK

$-49M
$1.2B
$-266M
$-10M
$172M

CAPEX · reported cash flow · fiscal-year history

Showing the 12 largest of 27 companies with a series here. The remaining 15 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

CBRE Group, Inc. · CBRE

$210M
$260M
$476M
$696M
$756M

Compass, Inc. · COMP

$50M
$70M
$11M
$16M
$13M

CoStar Group, Inc. · CSGP

$189M
$94M
$143M
$638M
$389M

IHS Holding Limited · IHS

$397M
$544M
$576M
$265M
$252M

Newmark Group, Inc. · NMRK

$20M
$62M
$55M
$32M
$29M

Free cash flow · fiscal-year history

Showing the 12 largest of 27 companies with a series here. The remaining 15 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

CBRE Group, Inc. · CBRE

$2.2B
$1.4B
$4M
$1.0B
$803M

Compass, Inc. · COMP

$-79M
$-362M
$-37M
$106M
$203M

CoStar Group, Inc. · CSGP

$281M
$385M
$347M
$-245M
$41M

IHS Holding Limited · IHS

$353M
$364M
$278M
$464M
$684M

Newmark Group, Inc. · NMRK

$-68M
$1.1B
$-321M
$-41M
$143M
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

AGNT, Inc has the lowest Gross debt among the 27 Real Estate Services companies compared here, at $0 million. CoStar Group, Inc. has the lowest Net debt at $193 million net cash, so level and change sit with different companies. 26 of 27 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: CoStar Group, Inc. has the clearest covered balance-sheet capacity with $193 million net cash and gross debt of $1,022 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderAGNT, Inc · $0 million
Gapnull versus #2 · Comstock Holding Companies, Inc.
Persistence8/8 recent comparable periods
Coverage26/27 companies · 486 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1AGNT, Inc AGNT$0M
2Comstock Holding Companies, Inc. CHCI$0M
3The Real Brokerage Inc. REAX$0M
4Rafael Holdings, Inc. RFL$0M
5Maui Land & Pineapple Company, Inc. MLP$7M
Net debtlowest net debt
1CoStar Group, Inc. CSGP$-193M
2AGNT, Inc AGNT$-122M
3Marcus & Millichap, Inc. MMI$-118M
4The Real Brokerage Inc. REAX$-63M
5Rafael Holdings, Inc. RFL$-30M
Debt and balance-sheet capacity · company comparison
26/27 level · 26/27 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
CBRE Group, Inc. CBRE$10.4B$8.7BMar 2026
Compass, Inc. COMP$4.1B$3.6BMar 2026
Jones Lang LaSalle Incorporated JLL$4.0B$3.5BMar 2026
IHS Holding Limited IHS$3.5B$2.6BMar 2026
Cushman & Wakefield Limited CWK$3.1B$2.5BMar 2026
Colliers International Group Inc. CIGI$2.6B$2.4BMar 2026
Newmark Group, Inc. NMRK$2.4B$2.2BMar 2026
FirstService Corporation FSV$1.6B$1.4BJun 2026
Opendoor Technologies Inc. OPEN$1.3B$339MMar 2026
CoStar Group, Inc. CSGP$1.0B$-193MMar 2026
New England Realty Associates Limited Partnership NEN$527M$501MMar 2026
RE/MAX Holdings, Inc. RMAX$457M$350MMar 2026
American Realty Investors, Inc. ARL$215M$127MMar 2026
Transcontinental Realty Investors, Inc. TCI$212M$124MMar 2026
Star Holdings STHO$207M$161MMar 2026
FRP Holdings, Inc. FRPH$204M$96MMar 2026
The RMR Group Inc. RMR$158M$78MMar 2026
Douglas Elliman Inc. DOUG$102M$6MMar 2026
Seaport Entertainment Group Inc. SEG$95M$-20MMar 2026
Marcus & Millichap, Inc. MMI$75M$-118MMar 2026
Seritage Growth Properties SRG$49M$5MMar 2026
Maui Land & Pineapple Company, Inc. MLP$7M$3MMar 2026
AGNT, Inc AGNT$0M$-122MMar 2026
The Real Brokerage Inc. REAX$0M$-63MMar 2026
Comstock Holding Companies, Inc. CHCI$0M$-20MMar 2026
Rafael Holdings, Inc. RFL$0M$-30MJun 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AGNT, Inc · AGNT

$4M
$4M
$4M
$4M
$4M
$6M
$1M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M

CBRE Group, Inc. · CBRE

$4.5B
$4.2B
$4.3B
$4.2B
$4.2B
$3.5B
$4.8B
$5.4B
$5.8B
$4.8B
$6.3B
$6.5B
$6.9B
$5.7B
$8.9B
$9.5B
$9.5B
$10.0B
$10.4B

Colliers International Group Inc. · CIGI

$1.1B
$1.3B
$1.4B
$1.7B
$1.9B
$2.1B
$2.4B
$2.2B
$2.1B
$2.1B
$1.8B
$2.0B
$2.4B
$2.1B
$2.2B
$2.3B
$2.5B
$2.3B
$2.6B

Compass, Inc. · COMP

$557M
$581M
$614M
$614M
$623M
$763M
$820M
$730M
$558M
$534M
$517M
$525M
$509M
$498M
$556M
$547M
$481M
$476M
$4.1B

CoStar Group, Inc. · CSGP

$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B
$1.0B

Cushman & Wakefield Limited · CWK

$3.7B
$3.7B
$3.6B
$3.6B
$3.6B
$3.6B
$3.6B
$3.6B
$3.6B
$3.6B
$3.5B
$3.4B
$3.4B
$3.3B
$3.3B
$3.2B
$3.1B
$3.0B
$3.1B

FirstService Corporation · FSV

$733M
$823M
$854M
$833M
$896M
$952M
$1.1B
$1.0B
$1.0B
$1.4B
$1.5B
$1.6B
$1.6B
$1.6B
$1.6B
$1.5B
$1.5B
$1.4B
$1.4B
$1.6B

IHS Holding Limited · IHS

$2.5B
$3.0B
$3.1B
$3.7B
$3.8B
$4.0B
$4.1B
$4.1B
$4.1B
$4.1B
$4.1B
$4.2B
$4.1B
$3.9B
$4.0B
$3.8B
$3.9B
$3.5B
$3.5B

Jones Lang LaSalle Incorporated · JLL

$4.1B
$2.6B
$3.5B
$3.7B
$3.7B
$3.1B
$4.3B
$4.2B
$3.6B
$3.1B
$3.5B
$3.7B
$5.0B
$2.9B
$3.7B
$4.1B
$3.5B
$2.6B
$4.0B

Marcus & Millichap, Inc. · MMI

$81M
$77M
$75M
$82M
$82M
$82M
$100M
$97M
$92M
$88M
$91M
$88M
$85M
$84M
$84M
$82M
$79M
$78M
$75M

Newmark Group, Inc. · NMRK

$2.5B
$2.3B
$1.7B
$2.0B
$2.2B
$1.5B
$1.9B
$2.3B
$1.8B
$1.6B
$1.7B
$2.1B
$2.3B
$1.9B
$2.1B
$2.6B
$2.6B
$2.0B
$2.4B

Opendoor Technologies Inc. · OPEN

$6.4B
$7.1B
$5.8B
$7.6B
$8.1B
$5.4B
$4.0B
$3.1B
$2.9B
$2.5B
$2.4B
$2.5B
$2.5B
$2.3B
$2.5B
$2.2B
$1.8B
$1.3B
$1.3B

Net debt · reported quarter history

Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AGNT, Inc · AGNT

$-94M
$-104M
$-126M
$-131M
$-131M
$-116M
$-122M
$-125M
$-120M
$-126M
$-109M
$-108M
$-130M
$-114M
$-116M
$-95M
$-113M
$-124M
$-122M

CBRE Group, Inc. · CBRE

$1.7B
$1.8B
$2.6B
$3.0B
$3.1B
$2.2B
$3.6B
$4.1B
$4.5B
$3.6B
$5.2B
$5.6B
$5.8B
$4.6B
$7.5B
$8.1B
$7.8B
$8.1B
$8.7B

Colliers International Group Inc. · CIGI

$995M
$900M
$1.2B
$1.5B
$1.7B
$1.9B
$2.2B
$2.0B
$2.0B
$2.0B
$1.7B
$1.8B
$2.2B
$1.9B
$2.0B
$2.1B
$2.3B
$2.1B
$2.4B

Compass, Inc. · COMP

$-234M
$-37M
$138M
$183M
$268M
$401M
$456M
$395M
$338M
$367M
$351M
$339M
$298M
$274M
$429M
$370M
$311M
$277M
$3.6B

CoStar Group, Inc. · CSGP

$-2.7B
$-2.8B
$-2.9B
$-2.9B
$-3.8B
$-3.9B
$-4.0B
$-4.2B
$-4.2B
$-4.2B
$-3.9B
$-3.9B
$-3.9B
$-3.7B
$-2.9B
$-2.9B
$-914M
$-612M
$-193M

Cushman & Wakefield Limited · CWK

$2.5B
$2.9B
$3.0B
$3.1B
$3.2B
$3.0B
$3.1B
$3.1B
$3.0B
$2.8B
$2.9B
$2.9B
$2.6B
$2.5B
$2.7B
$2.6B
$2.5B
$2.2B
$2.5B

FirstService Corporation · FSV

$561M
$629M
$657M
$652M
$711M
$793M
$906M
$863M
$839M
$1.2B
$1.3B
$1.3B
$1.3B
$1.3B
$1.4B
$1.3B
$1.3B
$1.2B
$1.2B
$1.4B

IHS Holding Limited · IHS

$2.0B
$2.1B
$2.6B
$3.2B
$3.2B
$3.4B
$3.5B
$3.6B
$3.7B
$3.8B
$3.7B
$3.7B
$3.7B
$3.3B
$3.3B
$3.3B
$3.2B
$2.7B
$2.6B

Jones Lang LaSalle Incorporated · JLL

$3.6B
$2.0B
$2.9B
$3.1B
$3.3B
$2.6B
$3.8B
$3.8B
$3.2B
$2.7B
$3.1B
$3.3B
$4.6B
$2.5B
$3.2B
$3.7B
$3.1B
$2.0B
$3.5B

Marcus & Millichap, Inc. · MMI

$-317M
$-489M
$-460M
$-383M
$-401M
$-407M
$-261M
$-239M
$-249M
$-252M
$-198M
$-194M
$-214M
$-259M
$-185M
$-140M
$-168M
$-174M
$-118M

Newmark Group, Inc. · NMRK

$1.8B
$1.6B
$1.3B
$864M
$1.9B
$1.3B
$1.6B
$2.2B
$1.7B
$1.5B
$1.6B
$1.9B
$2.1B
$1.7B
$1.9B
$2.5B
$2.3B
$1.8B
$2.2B

Opendoor Technologies Inc. · OPEN

$4.6B
$4.9B
$3.0B
$5.1B
$6.6B
$4.1B
$2.7B
$1.9B
$1.6B
$1.5B
$1.4B
$1.6B
$1.7B
$1.6B
$2.0B
$1.4B
$825M
$358M
$339M
06 · compare level, then change

Return On Capital Employed

IHS Holding Limited has the highest ROCE among the 27 Real Estate Services companies compared here, at 3.2%. CBRE Group, Inc. is next at 3%. Hotel101 Global Holdings Corp. has the highest ROCE change at +44.5 percentage points, so level and change sit with different companies. 25 of 27 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: IHS Holding Limited leads ROCE at 3.2%, 0.2 percentage points above CBRE Group, Inc.. Hotel101 Global Holdings Corp. has the strongest latest improvement at +44.5 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderIHS Holding Limited · 3.2%
Gap6.7% versus #2 · CBRE Group, Inc.
Persistence7/8 recent comparable periods
Coverage25/27 companies · 457 observations

Investor read: IHS Holding Limited sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1IHS Holding Limited IHS3.2%
2CBRE Group, Inc. CBRE3.0%
3FirstService Corporation FSV2.9%
4Jones Lang LaSalle Incorporated JLL2.0%
5The RMR Group Inc. RMR1.2%
ROCE changefastest improvers
1Hotel101 Global Holdings Corp. HBNB · older report+44.5 pp
2The Real Brokerage Inc. REAX+10.9 pp
3Marcus & Millichap, Inc. MMI+1.6 pp
4Newmark Group, Inc. NMRK+1.5 pp
5CBRE Group, Inc. CBRE+1.2 pp
Return on capital · company comparison
25/27 level · 25/27 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
IHS Holding Limited IHS3.2%−1.2 ppMar 2026
CBRE Group, Inc. CBRE3.0%+1.2 ppMar 2026
FirstService Corporation FSV2.9%0.0 ppJun 2026
Jones Lang LaSalle Incorporated JLL2.0%+0.8 ppMar 2026
The RMR Group Inc. RMR1.2%−0.2 ppMar 2026
Cushman & Wakefield Limited CWK1.1%+0.2 ppMar 2026
Newmark Group, Inc. NMRK0.9%+1.5 ppMar 2026
Colliers International Group Inc. CIGI0.7%0.0 ppMar 2026
New England Realty Associates Limited Partnership NEN0.4%−1.3 ppMar 2026
FRP Holdings, Inc. FRPH0.1%−0.3 ppMar 2026
CoStar Group, Inc. CSGP0.0%+0.5 ppMar 2026
Transcontinental Realty Investors, Inc. TCI-0.2%−0.1 ppMar 2026
American Realty Investors, Inc. ARL-0.2%−0.1 ppMar 2026
Marcus & Millichap, Inc. MMI-0.8%+1.6 ppMar 2026
Star Holdings STHO-1.2%+0.1 ppMar 2026
Hotel101 Global Holdings Corp. HBNB-1.7%+44.5 ppDec 2025
RE/MAX Holdings, Inc. RMAX-1.8%−3.1 ppMar 2026
AGNT, Inc AGNT-3.8%+1.0 ppMar 2026
Seritage Growth Properties SRG-4.2%−1.9 ppMar 2026
Douglas Elliman Inc. DOUG-4.8%−3.4 ppMar 2026
Maui Land & Pineapple Company, Inc. MLP-5.5%−0.5 ppMar 2026
The Real Brokerage Inc. REAX-7.0%+10.9 ppMar 2026
Seaport Entertainment Group Inc. SEG-7.0%−1.9 ppMar 2026
Opendoor Technologies Inc. OPEN-7.5%−5.5 ppMar 2026
Compass, Inc. COMP-8.9%−3.0 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Showing the 12 largest of 25 companies with a series here. The remaining 13 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

CBRE Group, Inc. · CBRE

3.6%
4.8%
3.0%
4.2%
3.0%
1.9%
0.3%
2.3%
2.0%
3.8%
1.5%
1.7%
2.5%
4.0%
1.8%
2.3%
2.9%
3.7%
3.0%

Colliers International Group Inc. · CIGI

3.5%
6.1%
1.7%
4.1%
3.2%
3.4%
0.7%
2.2%
2.0%
3.4%
1.1%
2.8%
2.5%
2.8%
0.7%
2.2%
2.1%
2.8%
0.7%

Compass, Inc. · COMP

-7.7%
-14%
-16%
-7.0%
-11%
-13%
-13%
-4.1%
-3.8%
-8.8%
-15%
2.4%
-0.4%
-4.8%
-5.9%
4.0%
-0.7%
-4.2%
-8.9%

CoStar Group, Inc. · CSGP

1.3%
2.1%
1.9%
1.6%
1.2%
1.7%
1.0%
1.0%
0.8%
0.8%
-0.5%
-0.2%
0.3%
0.5%
-0.5%
-0.3%
-0.5%
0.5%
0.0%

Cushman & Wakefield Limited · CWK

2.5%
4.6%
2.6%
3.3%
2.1%
0.8%
-0.3%
1.0%
1.1%
3.1%
0.3%
1.3%
1.4%
3.6%
0.9%
2.4%
2.1%
3.4%
1.1%

FirstService Corporation · FSV

3.6%
2.5%
1.6%
3.3%
3.3%
3.3%
1.9%
3.9%
3.4%
1.9%
1.5%
3.0%
4.5%
2.9%
1.2%
2.9%
3.4%
2.5%
1.4%
2.9%

Hotel101 Global Holdings Corp. · HBNB

-15%
-15%
-63%
-63%
-46%
-46%
8.8%
8.8%
-1.7%
-1.7%

IHS Holding Limited · IHS

1.5%
1.9%
2.5%
2.2%
3.1%
-0.5%
3.8%
3.1%
0.3%
3.8%
-0.2%
3.5%
3.1%
6.2%
4.4%
3.8%
4.1%
9.4%
3.2%

Jones Lang LaSalle Incorporated · JLL

3.5%
5.2%
1.9%
2.5%
2.2%
2.7%
0.2%
1.5%
1.2%
3.0%
1.1%
1.5%
2.3%
3.9%
1.2%
1.9%
2.7%
5.1%
2.0%

Marcus & Millichap, Inc. · MMI

6.7%
11%
6.1%
7.4%
3.8%
0.7%
-2.0%
-1.3%
-1.9%
-2.1%
-2.6%
-1.1%
-1.5%
0.9%
-2.4%
-1.3%
-0.3%
2.1%
-0.8%

Newmark Group, Inc. · NMRK

8.3%
8.6%
0.5%
3.0%
2.0%
0.9%
-0.4%
1.0%
1.1%
3.0%
-0.8%
1.4%
1.4%
3.5%
-0.6%
1.4%
2.8%
4.1%
0.9%

Opendoor Technologies Inc. · OPEN

-2.5%
-3.0%
2.9%
0.7%
-15%
-5.3%
-2.4%
-1.3%
-1.6%
-2.7%
-2.2%
-2.0%
-2.0%
-3.1%
-2.0%
-0.5%
-3.0%
-6.4%
-7.5%

ROCE change · reported quarter history

Showing the 12 largest of 25 companies with a series here. The remaining 13 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

CBRE Group, Inc. · CBRE

−0.6 pp
−2.9 pp
−2.7 pp
−1.9 pp
−1.0 pp
+1.9 pp
+1.2 pp
−0.6 pp
+0.5 pp
+0.2 pp
+0.3 pp
+0.6 pp
+0.4 pp
−0.3 pp
+1.2 pp

Colliers International Group Inc. · CIGI

−0.3 pp
−2.7 pp
−1.0 pp
−1.9 pp
−1.2 pp
0.0 pp
+0.4 pp
+0.6 pp
+0.5 pp
−0.6 pp
−0.4 pp
−0.6 pp
−0.4 pp
0.0 pp
0.0 pp

Compass, Inc. · COMP

−3.7 pp
+1.3 pp
+2.5 pp
+2.9 pp
+7.6 pp
+4.0 pp
−2.2 pp
+6.5 pp
+3.4 pp
+4.0 pp
+9.4 pp
+1.6 pp
−0.3 pp
+0.6 pp
−3.0 pp

CoStar Group, Inc. · CSGP

−0.1 pp
−0.4 pp
−0.9 pp
−0.6 pp
−0.4 pp
−0.9 pp
−1.5 pp
−1.2 pp
−0.5 pp
−0.3 pp
0.0 pp
−0.1 pp
−0.8 pp
0.0 pp
+0.5 pp

Cushman & Wakefield Limited · CWK

−0.4 pp
−3.8 pp
−2.9 pp
−2.3 pp
−1.0 pp
+2.3 pp
+0.6 pp
+0.3 pp
+0.3 pp
+0.5 pp
+0.6 pp
+1.1 pp
+0.7 pp
−0.2 pp
+0.2 pp

FirstService Corporation · FSV

−0.3 pp
+0.8 pp
+0.3 pp
+0.6 pp
+0.1 pp
−1.4 pp
−0.4 pp
−0.9 pp
+1.1 pp
+1.0 pp
−0.3 pp
−0.1 pp
−1.1 pp
−0.4 pp
+0.2 pp
0.0 pp

Hotel101 Global Holdings Corp. · HBNB

−31.0 pp
−31.0 pp
+71.5 pp
+71.5 pp
+44.5 pp
+44.5 pp

IHS Holding Limited · IHS

+1.6 pp
−2.4 pp
+1.3 pp
+0.9 pp
−2.8 pp
+4.3 pp
−4.0 pp
+0.4 pp
+2.8 pp
+2.4 pp
+4.6 pp
+0.3 pp
+1.0 pp
+3.2 pp
−1.2 pp

Jones Lang LaSalle Incorporated · JLL

−1.3 pp
−2.5 pp
−1.7 pp
−1.0 pp
−1.0 pp
+0.3 pp
+0.9 pp
0.0 pp
+1.1 pp
+0.9 pp
+0.1 pp
+0.4 pp
+0.4 pp
+1.2 pp
+0.8 pp

Marcus & Millichap, Inc. · MMI

−2.9 pp
−10.4 pp
−8.1 pp
−8.7 pp
−5.7 pp
−2.8 pp
−0.6 pp
+0.2 pp
+0.4 pp
+3.0 pp
+0.2 pp
−0.2 pp
+1.2 pp
+1.2 pp
+1.6 pp

Newmark Group, Inc. · NMRK

−6.3 pp
−7.7 pp
−0.9 pp
−2.0 pp
−0.9 pp
+2.1 pp
−0.4 pp
+0.4 pp
+0.3 pp
+0.5 pp
+0.2 pp
0.0 pp
+1.4 pp
+0.6 pp
+1.5 pp

Opendoor Technologies Inc. · OPEN

−12.3 pp
−2.3 pp
−5.3 pp
−2.0 pp
+13.2 pp
+2.6 pp
+0.2 pp
−0.7 pp
−0.4 pp
−0.4 pp
+0.2 pp
+1.5 pp
−1.0 pp
−3.3 pp
−5.5 pp
07 · compare level, then change

Valuation Against Growth & Quality

Jones Lang LaSalle Incorporated has the lowest Guarded PEG among the 27 Real Estate Services companies compared here, at 0.45×. The RMR Group Inc. is next at 0.46×. Star Holdings has the lowest P/E at 2.25×, so level and change sit with different companies. 9 of 27 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Jones Lang LaSalle Incorporated has the lowest comparable Guarded PEG at 0.45×, 2.2% below The RMR Group Inc.. Only 9 of 27 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderJones Lang LaSalle Incorporated · 0.45×
Gap2.2% versus #2 · The RMR Group Inc.
Persistence0/8 recent comparable periods
Coverage9/27 companies · 31 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Jones Lang LaSalle Incorporated JLL0.5
2The RMR Group Inc. RMR0.5
3Transcontinental Realty Investors, Inc. TCI0.5
4Comstock Holding Companies, Inc. CHCI0.8
5CBRE Group, Inc. CBRE0.9
P/Elowest P/E
1Star Holdings STHO2.3
2Comstock Holding Companies, Inc. CHCI11.4
3The RMR Group Inc. RMR12.8
4Douglas Elliman Inc. DOUG13.9
5IHS Holding Limited IHS15.5
Valuation · company comparison
9/27 level · 21/27 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
FRP Holdings, Inc. FRPH12.5547.0Mar 2026
CoStar Group, Inc. CSGP5.1672.3Mar 2026
FirstService Corporation FSV1.840.2Jun 2026
RE/MAX Holdings, Inc. RMAX1.7576.0Mar 2026
Colliers International Group Inc. CIGI1.166.0Mar 2026
Newmark Group, Inc. NMRK0.918.5Mar 2026
CBRE Group, Inc. CBRE0.930.9Mar 2026
Comstock Holding Companies, Inc. CHCI0.811.4Mar 2026
Transcontinental Realty Investors, Inc. TCI0.532.0Mar 2026
The RMR Group Inc. RMR0.512.8Mar 2026
Jones Lang LaSalle Incorporated JLL0.516.4Mar 2026
Compass, Inc. COMP365.5Mar 2026
Cushman & Wakefield Limited CWK38.3Mar 2026
IHS Holding Limited IHS15.5Mar 2026
Marcus & Millichap, Inc. MMI47.7Mar 2026
AGNT, Inc AGNT406.0Mar 2026
Maui Land & Pineapple Company, Inc. MLP239.2Mar 2026
American Realty Investors, Inc. ARL20.3Mar 2026
Douglas Elliman Inc. DOUG13.9Mar 2026
Rafael Holdings, Inc. RFL18.1Jun 2026
Star Holdings STHO2.3Mar 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

CBRE Group, Inc. · CBRE

2.3
2.0
1.3
1.8
0.9

Colliers International Group Inc. · CIGI

3.2
1.1

Comstock Holding Companies, Inc. · CHCI

0.2
0.5
0.8

CoStar Group, Inc. · CSGP

5.0
7.2
5.1

FirstService Corporation · FSV

8.5
3.2
1.9
1.3
2.4
7.7
1.8

FRP Holdings, Inc. · FRPH

8.4
12.5

Jones Lang LaSalle Incorporated · JLL

1.1
0.5
0.7
0.5

Newmark Group, Inc. · NMRK

0.7
0.9

RE/MAX Holdings, Inc. · RMAX

1.7

The RMR Group Inc. · RMR

0.5

Transcontinental Realty Investors, Inc. · TCI

0.5

P/E · reported quarter history

Showing the 12 largest of 21 companies with a series here. The remaining 9 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AGNT, Inc · AGNT

84.6
66.1
38.5
31.8
44.8
73.9
253.8
338.0
406.0

CBRE Group, Inc. · CBRE

22.7
20.1
15.8
12.4
11.1
17.9
20.9
30.6
39.5
29.6
30.3
29.8
40.0
41.8
40.0
39.3
38.9
41.8
30.9

Colliers International Group Inc. · CIGI

69.8
63.6
87.3
107.6
654.3
232.2
89.6
59.7
38.0
48.3
42.3
42.5
59.5
68.3
72.8
66.0

Compass, Inc. · COMP

365.5

CoStar Group, Inc. · CSGP

143.4
106.8
84.3
71.9
81.0
83.1
75.7
93.7
77.7
95.0
132.3
139.9
171.5
210.6
273.2
321.6
1,687.4
3,362.0
672.3

Cushman & Wakefield Limited · CWK

56.4
20.2
15.0
9.7
8.3
14.5
31.9
261.5
130.0
36.8
23.4
14.8
12.6
16.6
42.6
38.3

FirstService Corporation · FSV

63.1
64.5
50.2
42.9
46.3
44.9
50.8
51.3
49.1
72.3
82.0
84.9
76.1
61.1
57.4
56.0
63.1
49.1
39.3
40.2

IHS Holding Limited · IHS

221.6
17.4
5.0
17.8
15.5

Jones Lang LaSalle Incorporated · JLL

16.4
14.6
12.3
9.0
8.5
12.0
14.3
24.5
30.0
40.4
31.4
25.9
27.3
22.4
22.4
22.0
22.9
20.5
16.4

Marcus & Millichap, Inc. · MMI

15.7
14.5
13.3
8.8
8.4
13.3
16.6
47.7

Newmark Group, Inc. · NMRK

5.0
4.9
5.5
7.1
7.0
17.7
18.2
36.6
80.4
45.7
50.4
39.4
51.8
37.7
31.2
28.9
32.7
25.5
18.5

The RMR Group Inc. · RMR

15.6
16.4
14.1
13.1
11.6
14.5
9.8
6.3
7.1
8.2
8.9
15.1
18.4
15.5
13.9
14.1
15.3
10.9
12.8
08 · compare level, then change

Enterprise Value & Book Value

RE/MAX Holdings, Inc. has the lowest EV/EBITDA among the 27 Real Estate Services companies compared here, at 0.16×. The Real Brokerage Inc. is next at 1.13×. The same company also holds the lowest P/BV, at 0.26×. 22 of 27 companies report a comparable reading, the latest through Mar 2026. Its EV/EBITDA series carries 18 reported observations across the 20-quarter window.

What the numbers say: RE/MAX Holdings, Inc. leads both ev/ebitda at 0.16× and p/bv at 0.26×.

LeaderRE/MAX Holdings, Inc. · 0.16×
Gap85.8% versus #2 · The Real Brokerage Inc.
Persistence0/8 recent comparable periods
Coverage22/27 companies · 289 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1RE/MAX Holdings, Inc. RMAX0.2
2The Real Brokerage Inc. REAX1.1
3Douglas Elliman Inc. DOUG2.5
4IHS Holding Limited IHS7.4
5Cushman & Wakefield Limited CWK8.2
P/BVlowest P/BV
1RE/MAX Holdings, Inc. RMAX0.3
2Transcontinental Realty Investors, Inc. TCI0.4
3Star Holdings STHO0.4
4American Realty Investors, Inc. ARL0.4
5Seritage Growth Properties SRG0.5
Enterprise and book valuation · company comparison
22/27 level · 24/27 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
Hotel101 Global Holdings Corp. HBNB718.0102.2Dec 2025
AGNT, Inc AGNT199.43.9Mar 2026
Compass, Inc. COMP176.71.9Mar 2026
Opendoor Technologies Inc. OPEN154.54.7Mar 2026
Transcontinental Realty Investors, Inc. TCI78.00.4Mar 2026
CoStar Group, Inc. CSGP60.72.1Mar 2026
FRP Holdings, Inc. FRPH32.11.0Mar 2026
Marcus & Millichap, Inc. MMI28.71.8Mar 2026
American Realty Investors, Inc. ARL27.70.4Mar 2026
Maui Land & Pineapple Company, Inc. MLP18.99.5Mar 2026
CBRE Group, Inc. CBRE16.84.7Mar 2026
FirstService Corporation FSV15.5Jun 2026
Colliers International Group Inc. CIGI14.53.6Mar 2026
Star Holdings STHO12.60.4Mar 2026
Jones Lang LaSalle Incorporated JLL12.51.9Mar 2026
Newmark Group, Inc. NMRK11.11.9Mar 2026
The RMR Group Inc. RMR9.21.2Mar 2026
Cushman & Wakefield Limited CWK8.21.5Mar 2026
IHS Holding Limited IHS7.4-14.3Mar 2026
Douglas Elliman Inc. DOUG2.50.9Mar 2026
The Real Brokerage Inc. REAX1.18.1Mar 2026
RE/MAX Holdings, Inc. RMAX0.20.3Mar 2026
Seaport Entertainment Group Inc. SEG0.7Mar 2026
Comstock Holding Companies, Inc. CHCI2.7Mar 2026
Seritage Growth Properties SRG0.5Mar 2026
Rafael Holdings, Inc. RFL0.9Jun 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Showing the 12 largest of 22 companies with a series here. The remaining 10 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

CBRE Group, Inc. · CBRE

16.7
17.8
14.6
11.0
10.2
12.6
15.0
18.9
18.7
17.1
18.9
18.3
22.7
19.7
20.3
20.3
21.2
21.1
16.8

Colliers International Group Inc. · CIGI

581.4
563.1
13.8
12.3
13.6
15.5
16.0
15.8
18.0
16.9
15.1
18.1
16.3
15.2
16.4
18.9
17.4
14.5

Compass, Inc. · COMP

49.8
19.5
84.1
43.7
166.7
176.7

CoStar Group, Inc. · CSGP

64.8
49.7
39.4
34.7
40.2
46.7
45.7
65.7
60.8
80.7
126.0
132.2
158.2
168.8
185.0
172.1
249.4
144.1
60.7

Cushman & Wakefield Limited · CWK

10.5
10.2
8.4
6.8
6.2
7.4
9.8
11.3
12.1
11.7
9.8
9.5
10.1
10.1
8.6
8.2
9.4
9.3
8.2

FirstService Corporation · FSV

28.8
31.6
24.4
20.7
20.3
19.5
21.4
21.5
19.5
23.5
24.2
22.3
22.4
19.9
18.3
18.3
19.9
16.8
15.0
15.5

Hotel101 Global Holdings Corp. · HBNB

712.2
718.0

IHS Holding Limited · IHS

8.9
16.7
20.2
12.7
7.2
16.8
15.9
17.6
5.8
15.6
15.2
11.2
4.6
7.7
7.9
8.1
3.9
7.4

Jones Lang LaSalle Incorporated · JLL

14.2
12.5
11.1
8.6
8.3
9.4
11.6
13.2
12.9
14.5
13.7
14.3
16.9
13.0
13.3
13.4
14.1
13.3
12.5

Marcus & Millichap, Inc. · MMI

7.5
6.9
6.6
4.1
3.6
5.4
8.7
20.9
659.9
141.7
113.5
118.3
62.2
44.4
28.7

Newmark Group, Inc. · NMRK

4.3
4.0
3.5
4.2
6.7
8.6
8.9
13.6
13.0
13.3
13.5
13.4
16.2
12.6
12.8
13.9
15.1
12.6
11.1

Opendoor Technologies Inc. · OPEN

154.5

P/BV · reported quarter history

Showing the 12 largest of 25 companies with a series here. The remaining 13 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

AGNT, Inc · AGNT

31.1
22.6
13.0
7.0
6.7
6.8
7.7
12.1
10.0
9.9
7.2
7.9
10.3
8.7
7.2
6.6
7.2
6.0
3.9

CBRE Group, Inc. · CBRE

4.1
4.2
3.6
2.9
2.7
3.1
2.9
3.1
2.9
3.4
3.6
3.3
4.4
4.7
4.7
5.1
5.5
5.4
4.7

Colliers International Group Inc. · CIGI

9.7
11.1
11.0
10.0
8.3
8.0
9.3
6.5
6.0
7.1
5.3
4.7
6.1
5.2
4.6
4.8
5.5
4.9
3.6

Compass, Inc. · COMP

5.0
4.2
4.0
2.0
1.5
1.9
3.1
3.5
2.8
4.1
5.2
4.4
7.0
7.2
7.0
4.6
5.8
7.5
1.9

CoStar Group, Inc. · CSGP

5.5
4.6
4.9
3.9
4.2
3.4
2.1

Cushman & Wakefield Limited · CWK

3.4
3.4
3.0
2.2
1.6
1.7
1.5
1.2
1.1
1.5
1.5
1.5
1.8
1.7
1.3
1.4
1.9
1.9
1.5

Hotel101 Global Holdings Corp. · HBNB

46.5
41.9
102.2

IHS Holding Limited · IHS

3.0
2.3
2.5
1.5
1.8
2.5
6.4
7.3
14.0
-3.0
-2.2
-2.1
-2.1
-4.9
-6.9
-16.8
-10.0
-14.3

Jones Lang LaSalle Incorporated · JLL

2.1
2.2
1.9
1.4
1.2
1.3
1.2
1.2
1.1
1.4
1.5
1.5
1.9
1.8
1.7
1.7
2.0
2.1
1.9

Marcus & Millichap, Inc. · MMI

2.6
2.9
3.1
2.1
1.8
1.9
1.8
1.8
1.7
2.6
2.1
2.0
2.5
2.4
2.2
2.0
1.9
1.7
1.8

Newmark Group, Inc. · NMRK

2.2
2.8
2.4
1.5
1.2
1.2
1.0
0.9
0.9
1.5
1.6
1.5
2.2
1.8
1.7
1.7
2.4
2.2
1.9

Opendoor Technologies Inc. · OPEN

5.3
4.0
2.3
1.3
1.3
0.7
1.1
2.4
1.7
3.1
2.3
1.5
1.8
1.6
1.2
0.6
7.6
5.6
4.7
09 · let price answer last

Market action

Hotel101 Global Holdings Corp. has the strongest one-year price move in Real Estate Services at +184.7%. Rafael Holdings, Inc. leads on Mansfield relative strength against the S&P 500 at +43%. 9 of 26 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Real Estate Services comparison names 5 specific ways its own evidence can mislead, all listed below. 1 of the 27 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
10 · the complete set

Which companies are included?

All 27 companies in the canonical Real Estate Services membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentals
CBRE Group, Inc. CBRELAGGING, FUNDAMENTALS UP$43.1B$1472026-07-28Mar 2026
Jones Lang LaSalle Incorporated JLL$15.9B$3432026-07-28Mar 2026
CoStar Group, Inc. CSGP$12.4B$30.32026-07-28Mar 2026
Compass, Inc. COMPAHEAD$8.9B$11.92026-07-28Mar 2026
FirstService Corporation FSVLAGGING, FUNDAMENTALS UP$6.6B$1432026-07-28Jun 2026
Colliers International Group Inc. CIGI$5.3B$1042026-07-28Mar 2026
Newmark Group, Inc. NMRK$3.9B$16.22026-07-28Mar 2026
Opendoor Technologies Inc. OPEN$3.8B$3.92026-07-28Mar 2026
Cushman & Wakefield Limited CWK$3.2B$13.72026-07-28Mar 2026
IHS Holding Limited IHS$2.8B$8.32026-07-28Mar 2026
Hotel101 Global Holdings Corp. HBNB$1.3B$5.82026-07-28Dec 2025
Marcus & Millichap, Inc. MMIAHEAD$1.2B$31.72026-07-28Mar 2026
AGNT, Inc AGNT$661M$4.02026-07-28Mar 2026
The RMR Group Inc. RMRAHEAD26/26 WEEKS$643M$20.12026-07-28Mar 2026
FRP Holdings, Inc. FRPHAHEAD$448M$23.42026-07-28Mar 2026
The Real Brokerage Inc. REAX$375M$1.72026-07-28Mar 2026
Transcontinental Realty Investors, Inc. TCIAHEAD$368M$42.62026-07-28Mar 2026
Maui Land & Pineapple Company, Inc. MLPAHEAD$343M$17.32026-07-28Mar 2026
Seaport Entertainment Group Inc. SEGAHEAD22/26 WEEKS$338M$26.42026-07-28Mar 2026
RE/MAX Holdings, Inc. RMAX$326M$9.72026-07-28Mar 2026
American Realty Investors, Inc. ARL$241M$14.92026-07-28Mar 2026
New England Realty Associates Limited Partnership NEN$199M$57.02026-07-28Mar 2026
Douglas Elliman Inc. DOUG$158M$1.72026-07-28Mar 2026
Comstock Holding Companies, Inc. CHCI$155M$15.12026-07-28Mar 2026
Seritage Growth Properties SRG$133M$2.42026-07-28Mar 2026
Rafael Holdings, Inc. RFL$119M$2.32026-07-28Jun 2026
Star Holdings STHO$112M$9.32026-07-28Mar 2026
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 27 Real Estate Services companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-28 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Questions investors ask · short, speakable answers

Real Estate Services company comparison FAQs

These 18 answers restate the Real Estate Services comparison above in question form. Every one is computed from the same 27 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.

Which Real Estate Services company is the biggest?

CBRE Group, Inc. is the largest, with trailing-twelve-month revenue of $42,168 million, ahead of Jones Lang LaSalle Incorporated at $26,756 million. That covers 25 of 27 companies with comparable reporting through Mar 2026.

Which Real Estate Services company is growing fastest?

The Real Brokerage Inc. has the fastest revenue growth at 46.8% year on year, across 24 of 27 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Real Estate Services company has the best profit margins?

IHS Holding Limited has the highest operating margin at 26.8%, from 23 of 27 comparable companies. Star Holdings shows the biggest recent improvement, at +21.4 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Real Estate Services company makes the most profit?

CBRE Group, Inc. earns the most, at $1,427 million of trailing-twelve-month net profit, from 25 of 27 comparable companies. Jones Lang LaSalle Incorporated has the fastest profit growth at 65.6%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Real Estate Services company earns the highest return on capital?

IHS Holding Limited leads on return on capital employed at 3.2%, across 25 of 27 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Real Estate Services stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Jones Lang LaSalle Incorporated screens cheapest at 0.45×. Only 9 of 27 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Real Estate Services company has the strongest balance sheet?

AGNT, Inc carries the lowest comparable gross debt at $0 million, from 26 of 27 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Real Estate Services company is investing most in new capacity?

CBRE Group, Inc. reports the largest capital spending at $246 million, across 27 of 27 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

Is the Real Estate Services sector beating the market?

Real Estate Services has underperformed S&P 500 by 7.6% over the last 52 weeks and 1.7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 9 of 26 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Real Estate Services stock has the strongest price momentum?

Rafael Holdings, Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Real Estate Services company scores highest for research priority?

Jones Lang LaSalle Incorporated scores 69.3 out of 100 with 82% evidence confidence, from 25 points on growth and earnings, 14.3 on capital efficiency, 15.7 on valuation and 14.3 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Real Estate Services companies does this comparison cover, and over what period?

It compares 27 listed companies over up to 20 reported quarters of fundamentals and 6 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Real Estate Services sector?

The 27 Real Estate Services companies on this page carry $112,980 million of combined market value. CBRE Group, Inc. is the largest at $43,059 million, about 38% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

What is the Real Estate Services sector's P/E ratio?

The median price-to-earnings ratio across the 27 Real Estate Services companies on this page is 32×, measured on the 21 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

How is the Real Estate Services sector performing?

9 of the 26 covered Real Estate Services companies are beating S&P 500 on Mansfield relative strength. The sector itself is 7.6% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

How many Real Estate Services stocks are listed in the US?

This comparison covers 27 listed Real Estate Services companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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