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 analyzed five-year period, CoStar Group’s revenue has demonstrated consistent growth, rising from approximately USD 1.66 billion in 2020 to USD 2.74 billion in 2024. Gross profit figures have followed a similar upward trend, increasing from about USD 1.35 billion to USD 2.18 billion during the same period. The steady growth in these top-line metrics indicates healthy demand and potentially a solid market position in the commercial real estate information sector, where CoStar operates. The percentage growth from 2020 to 2021 and through subsequent years consistently reflects a robust revenue expansion, which aligns with industry demands and the company’s strategic initiatives to capitalize on data-driven analytics. However, a review of operating income and net income reveals notable concerns. Operating income improved from USD 289 million in 2020 to USD 432 million in 2021 and slightly to USD 451 million in 2022, but then experienced a significant drop to USD 282 million in 2023 and an alarming plunge to USD 4.7 million in 2024—a swing exceeding 98% year-over-year from 2023 to 2024, indicative of either exceptionally high operating expenses or non-recurring charges. Net income, which rose from USD 227 million in 2020 to roughly USD 375 million in 2023, decreased to USD 139 million in 2024. This divergence between sustained revenue growth and collapsing operating profitability in the latest year raises questions about cost management or extraordinary items impacting earnings. Overall, while top-line growth remains strong, the dramatic decline in operating performance in 2024 signals potential operational challenges that merit closer scrutiny to assess the company’s longer-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.