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CBRE Group vs Millrose Properties: CBRE and MRP compared
CBRE Group is the larger company: $11.5B of revenue in its latest quarter (Q3 2026) against $211M for Millrose Properties (Q3 2026). Millrose Properties is growing faster (+18% against +13% a year earlier). Millrose Properties is more profitable, with an operating margin of 85.5% against 4.9%.
Where the money goes: CBRE and MRP
CBRE Group (CBRE) · Q3 2026
CBRE Group, Q3 2026: revenue $11.5B (+13% year over year), operating margin 4.9%, net earnings $443M, operating cash flow $869M. The chart follows the revenue to costs, profit and cash.
Millrose Properties (MRP) · Q3 2026
Millrose Properties, Q3 2026: revenue $211M (+18% year over year), operating margin 85.5%, net earnings $130M, operating cash flow $875M. The chart follows the revenue to costs, profit and cash.
| CBRE Group (CBRE) | Millrose Properties (MRP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $11.5B | $211M |
| Revenue growth, Y/Y | +13% | +18% |
| Operating margin | 4.9% | 85.5% |
| Net earnings | $443M | $130M |
| Net margin | 3.8% | 61.6% |
| Operating cash flow | $869M | $875M |
| Free cash flow | $743M | — |
| Market value | $39.8B | — |
| P/E | 29.3× | — |
| Analysts’ mean target | $172.00 | — |
Where the revenue comes from
CBRE Group
- Facilities management: $5.4B (47%)
- Project management: $2.0B (18%)
- Advisory leasing: $1.2B (11%)
- Critical infrastructure: $744M (6%)
Questions
Which is bigger, CBRE Group or Millrose Properties?
CBRE Group is the larger company: $11.5B of revenue in its latest quarter (Q3 2026) against $211M for Millrose Properties (Q3 2026).
Is CBRE Group or Millrose Properties growing faster?
Millrose Properties is growing faster (+18% against +13% a year earlier).
Which is more profitable, CBRE Group or Millrose Properties?
Millrose Properties is more profitable, with an operating margin of 85.5% against 4.9%.
More: CBRE Group earnings · how CBRE Group makes money · Millrose Properties earnings · how Millrose Properties makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 22, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.