Financials · CIGI

Colliers International Group Inc. Subordinate Voting Shares (CIGI) financials

For fiscal 2025 (ended Dec 31, 2025), Colliers International Group Inc. Subordinate Voting Shares reported $5.56B of revenue and $103.10M of net income.

Revenue, FY2025
$5.56B
Revenue growth, YoY
+15.3%
Net income, FY2025
$103.10M
Net income growth, YoY
-36.2%
Net margin
1.9%
Free cash flow, FY2025
$251.44M
EPS, diluted, FY2025
$2.02
EPS growth, YoY
-37.3%
Cash
$207.90M
Total debt
$1.63B
P/E
46.99
P/S
0.87
Market cap
$4.85B
Annual revenue$5.56B
FY2016FY2025
Annual net income$103.10M
FY2016FY2025
Annual free cash flow$251.44M
FY2016FY2025

CIGI revenue and earnings growth

CIGI revenueFY2025$5.56B

FY YoY
+15.3%
5Y CAGR
+14.8%
10Y CAGR
+12.4%

CIGI revenue was $5.56B for fiscal 2025 (ended Dec 31, 2025), up 15.3% from fiscal 2024. Compound annual growth was +14.8% over 5 years and +12.4% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

CIGI net incomeFY2025$103.10M

FY YoY
-36.2%
5Y CAGR
+16.0%
10Y CAGR
+16.0%

CIGI net income was $103.10M for fiscal 2025 (ended Dec 31, 2025), down 36.2% from fiscal 2024. Compound annual growth was +16.0% over 5 years and +16.0% over 10 years. It rose in 2 of the last 3 fiscal years.

CIGI EPSFY2025$2.02

FY YoY
-37.3%
5Y CAGR
+10.6%

CIGI diluted EPS was $2.02 for fiscal 2025 (ended Dec 31, 2025), down 37.3% from fiscal 2024. Compound annual growth was +10.6% over 5 years.

CIGI free cash flowFY2025$251.44M

FY YoY
-3.6%
5Y CAGR
+14.8%
10Y CAGR
+6.4%

CIGI free cash flow was $251.44M for fiscal 2025 (ended Dec 31, 2025), down 3.6% from fiscal 2024. Compound annual growth was +14.8% over 5 years and +6.4% over 10 years.

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$5.56B$4.82B$4.34B$4.46B$4.09B$2.79B$3.05B$2.83B$2.44B$1.90B
Selling, general and admin$1.57B$1.34B$1.19B$1.10B$1.02B$709.66M$744.87M$705.80M$614.04M$522.29M
Operating income$370.96M$389.21M$300.94M$332.50M-$131.50M$164.58M$218.20M$201.40M$167.38M$146.17M
Pre-tax income$304.71M$311.11M$212.78M$289.55M-$152.05M$136.53M$190.60M$181.83M$155.98M$139.40M
Income tax$80.15M$74.18M$68.09M$95.01M$85.51M$42.05M$53.01M$53.26M$61.91M$47.83M
Net income$103.10M$161.72M$65.54M$46.25M-$390.34M$49.07M$102.90M$97.66M$51.36M$67.97M
EPS, basic$2.03$3.24$1.43$1.07-$9.09$1.23$2.60$2.49$1.32$1.76
EPS, diluted$2.02$3.22$1.41$1.05-$9.09$1.22$2.57$2.45$1.31$1.75
Diluted shares51.1M50.2M46.3M43.9M42.9M40.2M40.0M39.8M39.3M38.9M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$207.90M$176.26M$181.13M$173.66M$396.75M$156.61M$114.99M$127.03M$108.52M$113.15M
Short-term investments$21.67M$17.75M$19.19M$16.96M$8.54M$10.08M----
Receivables$829.31M$735.55M$643.38M$577.88M$502.42M$372.15M$393.94M$455.23M$382.54M$311.02M
Current assets$1.82B$1.60B$1.47B$1.21B$1.57B$1.04B$718.06M$757.30M$664.36M$506.32M
Goodwill$2.63B$2.30B$2.04B$1.99B$1.09B$1.09B$949.22M$887.89M$455.13M$348.01M
Total assets$6.79B$6.10B$5.48B$5.10B$3.87B$3.29B$2.89B$2.36B$1.51B$1.19B
Current liabilities$1.65B$1.51B$1.44B$1.34B$1.54B$1.11B$924.27M$798.70M$724.64M$510.23M
Long-term debt$1.63B$1.50B$1.50B$1.44B$529.60M$470.87M$607.18M$670.29M$247.47M$260.54M
Total debt$1.63B$1.50B$1.50B$1.44B$529.60M$470.87M$607.18M$670.29M$247.47M$260.54M
Total liabilities$5.25B$4.78B$4.63B$4.60B$3.29B$2.71B$2.38B$1.97B$1.20B$966.41M
Shareholders' equity$1.53B$1.32B$850.49M$493.37M$585.27M$586.11M$517.30M$391.97M$303.01M$223.86M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$330.14M$326.01M$165.66M$67.03M$288.98M$166.48M$310.76M$257.49M$212.85M$156.26M
Capital expenditures$78.70M$65.08M$84.52M$67.68M$57.95M$40.35M$44.20M$35.58M$39.47M$25.05M
Free cash flow$251.44M$260.92M$81.14M-$650.0K$231.03M$126.13M$266.56M$221.91M$173.38M$131.22M
Investing cash flow-$334.64M-$783.10M-$133.98M-$872.84M-$49.41M-$113.46M-$218.27M-$628.13M-$141.25M-$133.69M
Financing cash flow$74.07M$452.21M-$7.81M$612.92M$18.60M$1.05M-$100.99M$395.23M-$83.93M-$14.86M
Dividends paid$15.21M$14.67M$13.52M$13.10M$4.21M$3.99M$3.94M$3.91M$3.88M$3.47M
Stock-based compensation$55.62M$46.04M$27.09M$21.85M$14.35M$9.63M$7.83M$6.39M$4.42M$3.28M
Depreciation and amortization$256.01M$221.60M$202.54M$177.42M$145.09M$125.91M$94.66M$78.73M$52.99M$44.92M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY15.3%11.2%-2.8%9.1%46.7%-8.5%7.8%16.0%28.4%10.1%
Net income growth, YoY-36.2%146.7%41.7%---52.3%5.4%90.1%-24.4%191.1%
EPS growth, YoY-37.3%128.4%34.3%---52.5%4.9%87.0%-25.1%-
Operating margin6.7%8.1%6.9%7.5%-3.2%5.9%7.2%7.1%6.9%7.7%
Net margin1.9%3.4%1.5%1.0%-9.5%1.8%3.4%3.5%2.1%3.6%
Free cash flow margin4.5%5.4%1.9%-0.0%5.6%4.5%8.8%7.9%7.1%6.9%
Return on equity6.7%12.2%7.7%9.4%-66.7%8.4%19.9%24.9%17.0%30.4%
Return on assets1.5%2.7%1.2%0.9%-10.1%1.5%3.6%4.1%3.4%5.7%
Current ratio1.101.061.020.901.020.930.780.950.920.99
Debt to equity1.061.131.762.910.900.801.171.710.821.16

Source: XBRL data Colliers International Group Inc. Subordinate Voting Shares files with the SEC, latest filing dated Feb 20, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

CIGI peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
CIGI$5.56B+15.3%$103.10M1.9%$4.85B
CBRE$45.01B+14.8%$1.38B3.1%$39.05B
CWK$11.02B+10.2%$69.80M0.6%$3.28B
MMI$812.22M+11.9%$14.36M1.8%$1.05B

CIGI FAQ

8 questions
  • What is CIGI revenue?
    Colliers International Group Inc. Subordinate Voting Shares (CIGI) reported $5.56B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 15.3% from the year before.
  • Is CIGI profitable?
    Yes. Colliers International Group Inc. Subordinate Voting Shares earned $103.10M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 1.9%.
  • How much cash and debt does CIGI have?
    Colliers International Group Inc. Subordinate Voting Shares reported $207.90M in cash and cash equivalents and $1.63B of debt on its most recent balance sheet in SEC filings.
  • How fast is CIGI revenue growing?
    Colliers International Group Inc. Subordinate Voting Shares's revenue changed +15.3% in fiscal 2025, to $5.56B. Its compound annual growth rate was +14.8% over 5 years and +12.4% over 10 years.
  • What is CIGI free cash flow?
    Colliers International Group Inc. Subordinate Voting Shares generated $251.44M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $330.14M less capital expenditures.
  • What is CIGI earnings per share?
    Diluted earnings per share were $2.02 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did CIGI last report financial results?
    The latest statements here come from Colliers International Group Inc. Subordinate Voting Shares's 40-F filed on Feb 20, 2026, covering the period ended Dec 31, 2025.
  • Where does this CIGI financial data come from?
    Quantisnow builds these statements from the structured XBRL data Colliers International Group Inc. Subordinate Voting Shares files with the SEC. It is provided for information only and is not investment advice.