Cavan Companies is involved in real estate development, self-described as an innovator in the field for over 50 years.

Cavan Companies

Alexandria is a leading owner, operator, and developer of collaborative mega campuses for life science companies in the nation’s top innovation clusters. The company is dedicated to creating the first real estate company uniquely focused on the essential life science industry and the highly complex infrastructure needed to support its mission-critical work.

Joel Marcus

Lynne Zydowsky

Alexandria

CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting. The Global Workplace Solutions segment offers facilities management, project management, and transaction management services. The Real Estate Investments segment provides investment management services under the CBRE Investment Management brand to pension funds, insurance companies, sovereign wealth funds, foundations, endowments, and other institutional investors; development services under the Trammell Crow Company brand primarily to users of and investors in commercial real estate; and flexible-space solutions under the CBRE Hana brand. The company was founded in 1906 and is headquartered in Dallas, Texas.

CBRE Group, Inc.

CoStar Group, Inc. provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. It offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar COMPS, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information. The company also provides Lease Comps and Analysis, a tool to capture, manage, and maintain lease data; CoStar Lease Analysis; Public Record, a searchable database of commercially-zoned parcels; CoStar Real Estate Manager, a real estate lease administration, portfolio management, and lease accounting compliance software solution; and CoStar Risk Analytics and CoStar Investment. In addition, it offers apartment marketing sites, such as ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, WestsideRentals.com, AFTER55.com, CorporateHousing.com, ForRentUniversity.com, Apartamentos.com, and Off Campus Partners; LoopNet Premium Lister; LoopNet Diamond, Platinum, and Gold Ads; LandsofAmerica.com, LandAndFarm.com, and LandWatch.com for rural land for-sale; BizBuySell.com, BizQuest.com, and FindaFranchise.com for operating businesses and franchises for-sale; Ten-X, an online auction platform for commercial real estate; and HomeSnap, an online and mobile software platform, as well as Homes.com, a homes for sale listings site. CoStar Group, Inc. was founded in 1987 and is headquartered in Washington, the District of Columbia.

Metric
Company Name	Cavan Companies	Alexandria	CBRE Group, Inc.	CoStar Group, Inc.
Symbol			CBRE	CSGP
MSH ID	COM:CAVANCOMPANIES	COM:ARE	COM:CBRE	COM:COSTARGROUP
Market	PRIVATE	STOCKS	STOCKS	STOCKS
Sector	Real Estate	Real Estate	Real Estate	Real Estate
Industry	Real Estate Development	Real Estate	Real Estate - Services	Real Estate - Services
Country	US		US	US
Stage
Employee Count		501	130K	6.15K
Website	cavancompanies.com	are.com	cbre.com	costargroup.com
LinkedIn	cavan-companies
Founders

Metric
Market Cap		20.45B	27.60B	29.35B
Enterprise Value
Monthly Web Traffic	49
Web Traffic Growth
Valuation
Raised Capital		5B

Metric
Revenue	31.95B	2.46B
Revenue (LTM)
Revenue (NTM)
Gross Profit	5.68B	1.96B
EBITDA	1.76B	389.80M
Operating Income	1.12B	282.30M
Net Income	986M	374.70M
EPS	3.20	0.92
Diluted EPS	3.15	0.92
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.28	0.80
Operating Profit Margin	0.04	0.11
EBITDA Margin	0.06	0.16
Net Profit Margin	0.03	0.15
Return on Equity	0.12	0.05
Return on Assets	0.04	0.04
Return on Capital Employed	0.09	0.03

CAVA

COM:CAVANCOMPANIES

Cavan Companies

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	43.61	82.61
P/B Ratio	3.35	4.61
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	1.16	15.96
EV Multiple	17.86	225.91

Metric
Days Sales Outstanding	85.49	29.47
Days Payables Outstanding	42.22	20.33
Days Inventory Outstanding		0.00
Operating Cycle	83.19	31.77
Cash Conversion Cycle	83.08	11.09
Asset Turnover	1.42	0.29

Metric
Operating Cash Flow	534M	489.50M
Free Cash Flow	229M	464.20M
Cash Flow to Debt	0.20	0.49
Operating Cash Flow/Sales	0.03	0.20
Free Cash Flow Yield	0.01	0.01

Metric
Cash & Equivalents	1.37B	5.22B
Accounts Receivable	-81M	-66.60M
Inventory
Goodwill	5.13B	2.39B
Debt to Capitalization	0.40	0.13
Debt to Assets	0.27	0.13
Current Ratio	1.19	13.31
Quick Ratio	1.15	11.86

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue	0.00	0.04
R&D to Revenue		0.11
SG&A to Revenue	0.15	0.15