Stock Analysis on Net
Stock Analysis on Net

CoStar Group Inc. (NASDAQ:CSGP)

This company has been moved to the archive! The financial data has not been updated since July 26, 2023.

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

CoStar Group Inc., adjusted financial ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Activity Ratio
Total Asset Turnover
Reported 0.26 0.27 0.24 0.36 0.36
Adjusted 0.26 0.27 0.24 0.37 0.34
Liquidity Ratio
Current Ratio
Reported 13.92 11.78 11.75 5.79 7.87
Adjusted 19.32 16.45 15.25 8.62 11.87
Solvency Ratios
Debt to Equity
Reported 0.14 0.17 0.18 0.00 0.00
Adjusted 0.16 0.19 0.20 0.04 0.05
Debt to Capital
Reported 0.13 0.15 0.16 0.00 0.00
Adjusted 0.14 0.16 0.17 0.04 0.05
Financial Leverage
Reported 1.22 1.27 1.29 1.13 1.10
Adjusted 1.19 1.23 1.25 1.08 1.11
Profitability Ratios
Net Profit Margin
Reported 16.93% 15.05% 13.69% 22.50% 20.00%
Adjusted 14.65% 16.78% 14.44% 24.30% 20.52%
Return on Equity (ROE)
Reported 5.38% 5.12% 4.23% 9.25% 7.89%
Adjusted 4.55% 5.57% 4.35% 9.68% 7.83%
Return on Assets (ROA)
Reported 4.40% 4.03% 3.28% 8.17% 7.19%
Adjusted 3.82% 4.54% 3.47% 8.95% 7.07%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. CoStar Group Inc. adjusted total asset turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. CoStar Group Inc. adjusted current ratio improved from 2020 to 2021 and from 2021 to 2022.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. CoStar Group Inc. adjusted debt-to-equity ratio improved from 2020 to 2021 and from 2021 to 2022.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. CoStar Group Inc. adjusted debt-to-capital ratio improved from 2020 to 2021 and from 2021 to 2022.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 CoStar Group Inc. adjusted financial leverage ratio decreased from 2020 to 2021 and from 2021 to 2022.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. CoStar Group Inc. adjusted net profit margin ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. CoStar Group Inc. adjusted ROE improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. CoStar Group Inc. adjusted ROA improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

CoStar Group Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in thousands)
Revenues 2,182,399 1,944,135 1,659,019 1,399,719 1,191,832
Total assets 8,402,470 7,256,871 6,915,420 3,853,986 3,312,957
Activity Ratio
Total asset turnover1 0.26 0.27 0.24 0.36 0.36
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted revenues2 2,189,457 1,963,496 1,665,762 1,418,880 1,199,321
Adjusted total assets3 8,404,943 7,265,211 6,925,547 3,853,675 3,480,275
Activity Ratio
Adjusted total asset turnover4 0.26 0.27 0.24 0.37 0.34

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Total asset turnover = Revenues ÷ Total assets
= 2,182,399 ÷ 8,402,470 = 0.26

2 Adjusted revenues. See details »

3 Adjusted total assets. See details »

4 2022 Calculation
Adjusted total asset turnover = Adjusted revenues ÷ Adjusted total assets
= 2,189,457 ÷ 8,404,943 = 0.26

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. CoStar Group Inc. adjusted total asset turnover ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022.

Adjusted Current Ratio

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in thousands)
Current assets 5,185,867 3,988,125 3,888,512 1,199,165 1,213,298
Current liabilities 372,615 338,689 330,850 207,056 154,159
Liquidity Ratio
Current ratio1 13.92 11.78 11.75 5.79 7.87
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted current assets2 5,198,062 4,001,499 3,903,622 1,204,262 1,219,007
Adjusted current liabilities3 269,048 243,218 255,999 139,782 102,700
Liquidity Ratio
Adjusted current ratio4 19.32 16.45 15.25 8.62 11.87

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 5,185,867 ÷ 372,615 = 13.92

2 Adjusted current assets. See details »

3 Adjusted current liabilities. See details »

4 2022 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 5,198,062 ÷ 269,048 = 19.32

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. CoStar Group Inc. adjusted current ratio improved from 2020 to 2021 and from 2021 to 2022.

Adjusted Debt to Equity

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in thousands)
Total debt 989,210 987,944 986,715 — —
Stockholders’ equity 6,870,121 5,711,672 5,375,359 3,405,593 3,021,942
Solvency Ratio
Debt to equity1 0.14 0.17 0.18 0.00 0.00
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt2 1,101,266 1,113,582 1,124,692 149,823 169,078
Adjusted stockholders’ equity3 7,052,578 5,915,392 5,535,840 3,562,998 3,141,498
Solvency Ratio
Adjusted debt to equity4 0.16 0.19 0.20 0.04 0.05

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 989,210 ÷ 6,870,121 = 0.14

2 Adjusted total debt. See details »

3 Adjusted stockholders’ equity. See details »

4 2022 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted stockholders’ equity
= 1,101,266 ÷ 7,052,578 = 0.16

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. CoStar Group Inc. adjusted debt-to-equity ratio improved from 2020 to 2021 and from 2021 to 2022.

Adjusted Debt to Capital

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in thousands)
Total debt 989,210 987,944 986,715 — —
Total capital 7,859,331 6,699,616 6,362,074 3,405,593 3,021,942
Solvency Ratio
Debt to capital1 0.13 0.15 0.16 0.00 0.00
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total debt2 1,101,266 1,113,582 1,124,692 149,823 169,078
Adjusted total capital3 8,153,844 7,028,974 6,660,532 3,712,821 3,310,576
Solvency Ratio
Adjusted debt to capital4 0.14 0.16 0.17 0.04 0.05

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Debt to capital = Total debt ÷ Total capital
= 989,210 ÷ 7,859,331 = 0.13

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2022 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 1,101,266 ÷ 8,153,844 = 0.14

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. CoStar Group Inc. adjusted debt-to-capital ratio improved from 2020 to 2021 and from 2021 to 2022.

Adjusted Financial Leverage

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in thousands)
Total assets 8,402,470 7,256,871 6,915,420 3,853,986 3,312,957
Stockholders’ equity 6,870,121 5,711,672 5,375,359 3,405,593 3,021,942
Solvency Ratio
Financial leverage1 1.22 1.27 1.29 1.13 1.10
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted total assets2 8,404,943 7,265,211 6,925,547 3,853,675 3,480,275
Adjusted stockholders’ equity3 7,052,578 5,915,392 5,535,840 3,562,998 3,141,498
Solvency Ratio
Adjusted financial leverage4 1.19 1.23 1.25 1.08 1.11

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 8,402,470 ÷ 6,870,121 = 1.22

2 Adjusted total assets. See details »

3 Adjusted stockholders’ equity. See details »

4 2022 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted stockholders’ equity
= 8,404,943 ÷ 7,052,578 = 1.19

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 CoStar Group Inc. adjusted financial leverage ratio decreased from 2020 to 2021 and from 2021 to 2022.

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in thousands)
Net income 369,453 292,564 227,128 314,963 238,334
Revenues 2,182,399 1,944,135 1,659,019 1,399,719 1,191,832
Profitability Ratio
Net profit margin1 16.93% 15.05% 13.69% 22.50% 20.00%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income2 320,812 329,485 240,599 344,835 246,061
Adjusted revenues3 2,189,457 1,963,496 1,665,762 1,418,880 1,199,321
Profitability Ratio
Adjusted net profit margin4 14.65% 16.78% 14.44% 24.30% 20.52%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Net profit margin = 100 × Net income ÷ Revenues
= 100 × 369,453 ÷ 2,182,399 = 16.93%

2 Adjusted net income. See details »

3 Adjusted revenues. See details »

4 2022 Calculation
Adjusted net profit margin = 100 × Adjusted net income ÷ Adjusted revenues
= 100 × 320,812 ÷ 2,189,457 = 14.65%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. CoStar Group Inc. adjusted net profit margin ratio improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in thousands)
Net income 369,453 292,564 227,128 314,963 238,334
Stockholders’ equity 6,870,121 5,711,672 5,375,359 3,405,593 3,021,942
Profitability Ratio
ROE1 5.38% 5.12% 4.23% 9.25% 7.89%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income2 320,812 329,485 240,599 344,835 246,061
Adjusted stockholders’ equity3 7,052,578 5,915,392 5,535,840 3,562,998 3,141,498
Profitability Ratio
Adjusted ROE4 4.55% 5.57% 4.35% 9.68% 7.83%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
ROE = 100 × Net income ÷ Stockholders’ equity
= 100 × 369,453 ÷ 6,870,121 = 5.38%

2 Adjusted net income. See details »

3 Adjusted stockholders’ equity. See details »

4 2022 Calculation
Adjusted ROE = 100 × Adjusted net income ÷ Adjusted stockholders’ equity
= 100 × 320,812 ÷ 7,052,578 = 4.55%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. CoStar Group Inc. adjusted ROE improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Reported
Selected Financial Data (US$ in thousands)
Net income 369,453 292,564 227,128 314,963 238,334
Total assets 8,402,470 7,256,871 6,915,420 3,853,986 3,312,957
Profitability Ratio
ROA1 4.40% 4.03% 3.28% 8.17% 7.19%
Adjusted
Selected Financial Data (US$ in thousands)
Adjusted net income2 320,812 329,485 240,599 344,835 246,061
Adjusted total assets3 8,404,943 7,265,211 6,925,547 3,853,675 3,480,275
Profitability Ratio
Adjusted ROA4 3.82% 4.54% 3.47% 8.95% 7.07%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
ROA = 100 × Net income ÷ Total assets
= 100 × 369,453 ÷ 8,402,470 = 4.40%

2 Adjusted net income. See details »

3 Adjusted total assets. See details »

4 2022 Calculation
Adjusted ROA = 100 × Adjusted net income ÷ Adjusted total assets
= 100 × 320,812 ÷ 8,404,943 = 3.82%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. CoStar Group Inc. adjusted ROA improved from 2020 to 2021 but then slightly deteriorated from 2021 to 2022 not reaching 2020 level.