Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $1,659 | $1,944 | $2,182 | $2,455 | $2,736 |
| Gross Profit | $1,350 | $1,587 | $1,768 | $1,964 | $2,178 |
| Operating Income | $289 | $432 | $451 | $282 | $5 |
| Net Income | $227 | $293 | $369 | $375 | $139 |
Over the past five years, CoStar Group has demonstrated consistent revenue and gross profit growth. Revenue increased from approximately USD 1.66 billion in 2020 to USD 2.74 billion in 2024, while gross profit rose from around USD 1.35 billion to USD 2.18 billion over the same period. These trends indicate a strong top-line performance that is in line with the company’s role as a leading provider of commercial real estate information, analytics, and online marketplaces. The gradual increase implies a stable demand for its services and a robust ability to capitalize on market opportunities across a competitive industry. However, a closer look at operating income and net income reveals some concerning swings. Operating income climbed from USD 289 million in 2020 to a peak of approximately USD 451 million in 2022 before declining sharply to just USD 4.7 million in 2024—a drop exceeding 99% compared to the previous year. Net income also followed an upward trend until 2023 (from USD 227 million in 2020 to around USD 375 million in 2023) before falling significantly to USD 139 million in 2024, a decline of nearly 63% year-over-year. These marked declines suggest that underlying operating expenses or one-time charges may have affected profitability in the latter years. Overall, while the revenue and gross profit growth underscore the firm’s strong market position, the erratic swings in profitability metrics raise concerns about operational efficiency and cost management, which will need to be addressed to ensure long-term financial sustainability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.