Cbre Group
Cbre Group returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 10.5% | 10.93% | 28.96% | 15.63% | 4.47% | 2.8 pp |
| FY 2026 Q1 | Mar 31, 2026 | 10.82% | 11.72% | 30.32% | 15.62% | 4.64% | 3.1 pp |
| FY 2025 Q4 | Dec 31, 2025 | 10.33% | 10.42% | 7.64% | 13.38% | 4.19% | 2.6 pp |
| FY 2025 Q3 | Sep 30, 2025 | 10.65% | 10.51% | 11.8% | 14.26% | 4.6% | 2.9 pp |
| FY 2025 Q2 | Jun 30, 2025 | 9.95% | 10.11% | 8.75% | 13.13% | 4.26% | 2.3 pp |
| FY 2025 Q1 | Mar 31, 2025 | 9.45% | 9.82% | 4.27% | 12.15% | 4.07% | 1.7 pp |
| FY 2024 Q4 | Dec 31, 2024 | 10.2% | 9.61% | 31.37% | 11.61% | 4.13% | 2.5 pp |
| FY 2024 Q3 | Sep 30, 2024 | 9.36% | 9.04% | 207.47% | 11.7% | 4.12% | 1.7 pp |
| FY 2024 Q2 | Jun 30, 2024 | 9.14% | 8.61% | 92.79% | 11.23% | 4.09% | 1.4 pp |
| FY 2024 Q1 | Mar 31, 2024 | 9.92% | 9.49% | 15.5% | 12.35% | 4.52% | 2.2 pp |
| FY 2023 Q4 | Dec 31, 2023 | 8.65% | 8.41% | -21.89% | 12.23% | 4.58% | 1 pp |
| FY 2023 Q3 | Sep 30, 2023 | 6.76% | 6.52% | -63.42% | 7.55% | 2.82% | -0.9 pp |
| FY 2023 Q2 | Jun 30, 2023 | 7.15% | 7.29% | -106.44% | 10.42% | 4.01% | -0.5 pp |
| FY 2023 Q1 | Mar 31, 2023 | 9.04% | 9.14% | — | 13.86% | 5.37% | 1.3 pp |
| FY 2022 Q4 | Dec 31, 2022 | 13.49% | 11.66% | — | 17.18% | 6.61% | 5.8 pp |
| FY 2022 Q3 | Sep 30, 2022 | 17.11% | 15.03% | 10.43% | 25.39% | 10.1% | 9.4 pp |
| FY 2022 Q2 | Jun 30, 2022 | 17.04% | 15.24% | 17.05% | 25.38% | 10.32% | 9.3 pp |
| FY 2022 Q1 | Mar 31, 2022 | 15.74% | 14.06% | 18.01% | 25% | 10.22% | 8 pp |
| FY 2021 Q4 | Dec 31, 2021 | 14.09% | 13.34% | 27.85% | 23.54% | 9.16% | 6.4 pp |
| FY 2021 Q3 | Sep 30, 2021 | 15.11% | 13.24% | — | 20.09% | 8.08% | 7.4 pp |
| FY 2021 Q2 | Jun 30, 2021 | 12.91% | 11.78% | — | 17.33% | 7.07% | 5.2 pp |
| FY 2021 Q1 | Mar 31, 2021 | 10.08% | 9.66% | — | 12.66% | 5.14% | 2.4 pp |
| FY 2020 Q4 | Dec 31, 2020 | 9.42% | 9.39% | — | 11.3% | 4.39% | 1.7 pp |
| FY 2020 Q3 | Sep 30, 2020 | 12.59% | 10.83% | — | 17.83% | 6.86% | 4.9 pp |
| FY 2020 Q2 | Jun 30, 2020 | 13.69% | 12.26% | — | 19.81% | 7.55% | 6 pp |
| FY 2020 Q1 | Mar 31, 2020 | 14.98% | 14.59% | 154.67% | 23% | 8.5% | 7.3 pp |
| FY 2019 Q4 | Dec 31, 2019 | 15.54% | 14.47% | 49.59% | 22.96% | 8.65% | 7.8 pp |
| FY 2019 Q3 | Sep 30, 2019 | 12.08% | 14.61% | 67.71% | 20.31% | 7.41% | 4.4 pp |
| FY 2019 Q2 | Jun 30, 2019 | 10.51% | 13.49% | 43.52% | 21.89% | 7.87% | 2.8 pp |
| FY 2019 Q1 | Mar 31, 2019 | 10.29% | 12.97% | 11.63% | 22.81% | 8.1% | 2.6 pp |
| FY 2018 Q4 | Dec 31, 2018 | 12.39% | 14.98% | 18.16% | 23.74% | 8.53% | 4.7 pp |
| FY 2018 Q3 | Sep 30, 2018 | 9.14% | 14.36% | -5.42% | 19.69% | 6.8% | 1.4 pp |
| FY 2018 Q2 | Jun 30, 2018 | 9.33% | 15.65% | 1.27% | 18.61% | 6.43% | 1.6 pp |
| FY 2018 Q1 | Mar 31, 2018 | 10.04% | 16.16% | 4.6% | 18.82% | 6.52% | 2.3 pp |
| FY 2017 Q4 | Dec 31, 2017 | 10.42% | 16.32% | 72.21% | 19.66% | 6.21% | 2.7 pp |
| FY 2017 Q3 | Sep 30, 2017 | 10.35% | 15.11% | — | 23.39% | 7.02% | 2.6 pp |
| FY 2017 Q2 | Jun 30, 2017 | 10.33% | 14.52% | 36.09% | 21.73% | 6.77% | 2.6 pp |
| FY 2017 Q1 | Mar 31, 2017 | 10.13% | 14.34% | 612.76% | 20.55% | 6.27% | 2.4 pp |
| FY 2016 Q4 | Dec 31, 2016 | 8.49% | 13.28% | — | 19.97% | 5.25% | 0.8 pp |
| FY 2016 Q3 | Sep 30, 2016 | 6.75% | 11.01% | -16.6% | 17.81% | 4.8% | -0.9 pp |
| FY 2016 Q2 | Jun 30, 2016 | 8.79% | 13.35% | -5.68% | 20.06% | 6.13% | 1.1 pp |
| FY 2016 Q1 | Mar 31, 2016 | 9.17% | 14.52% | -4.28% | 21.13% | 6.14% | 1.5 pp |
| FY 2015 Q4 | Dec 31, 2015 | 10.03% | 15.49% | 0.28% | 22.01% | 5.86% | 2.3 pp |
| FY 2015 Q3 | Sep 30, 2015 | 11.78% | 16.99% | — | 24.36% | 6.69% | 4.1 pp |
| FY 2015 Q2 | Jun 30, 2015 | 11.98% | 18.23% | — | 23.05% | 7.09% | 4.3 pp |
| FY 2015 Q1 | Mar 31, 2015 | 12.34% | 18.43% | — | 24% | 7.05% | 4.6 pp |
| FY 2014 Q4 | Dec 31, 2014 | 13.52% | 17.29% | 95.69% | 23.32% | 6.62% | 5.8 pp |
| FY 2014 Q3 | Sep 30, 2014 | — | 14.65% | — | 20.23% | 5.76% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | 14.66% | — | 20.37% | 5.53% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | 14.1% | — | 19.45% | 5.05% | — |
| FY 2013 Q4 | Dec 31, 2013 | 9.84% | 13.35% | — | 18.43% | 4.28% | 2.1 pp |
| FY 2013 Q3 | Sep 30, 2013 | — | 15.17% | — | 24.2% | 5.79% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | 14.19% | — | 22.27% | 4.95% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | 13.59% | — | 23.4% | 4.86% | — |
| FY 2012 Q4 | Dec 31, 2012 | 9.47% | 12.48% | 18.5% | 23.46% | 4.2% | 1.8 pp |
| FY 2012 Q3 | Sep 30, 2012 | — | 10.64% | — | 18.35% | 3.37% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 12.32% | — | 21.08% | 4.16% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | 12.01% | — | 20.99% | 4.09% | — |
| FY 2011 Q4 | Dec 31, 2011 | 8.62% | 12.02% | — | 23.22% | 3.88% | 0.9 pp |
| FY 2011 Q3 | Sep 30, 2011 | — | 13.57% | — | 27.43% | 4.43% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | 14.1% | — | 28.73% | 4.85% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · CBRE, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.