| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 69 | 44.3x | 17.8x | Top tier | |
Growth | 55 | 14.0% | 7.1% | Around median | |
Quality | 44 | 6.7% | 4.5% | Around median | |
Safety | 36 | 4.7x | 2.6x | Bottom tier | |
Capital Return | 13 | 0.32% | 2.12% | Bottom tier | |
Momentum | 8 | -41.1% | 2.9% | Bottom tier | |
Sentiment | 90 | 8 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Colliers International Group operates through three interconnected global platforms: Commercial Real Estate Services, Engineering, and Investment Management under the Harrison Street Asset Management umbrella. The Commercial Real Estate ecosystem includes capital markets, leasing, property management, valuation, loan servicing, and consulting, while the Engineering platform provides design, construction, and project management services across infrastructure, transportation, water, real estate, and buildings. The Investment Management platform combines real estate, credit, infrastructure, and private wealth strategies, with assets under management reaching $110 billion in Q2 FY2026.
In Q2 FY2026, consolidated revenue reached $1.6 billion, up 16%, while net revenue increased 16% to $1.4 billion. Adjusted EBITDA was $205 million, up 14%, and adjusted earnings per share rose 6% to $1.83, despite being affected by higher interest expense. Commercial Real Estate generated a net margin of 11.9%, Engineering 14.5%, and Investment Management 36.5%, while approximately 70% of earnings came from recurring and more resilient revenue streams.
The growth mix in Q2 FY2026 was broad-based across all three platforms: capital markets and leasing revenue each rose 23%, Engineering net revenue increased 27%, supported by acquisitions and 5% internal growth, and Investment Management net revenue rose 15%. On an annual basis, revenue increased from $4.8 billion in FY2024 to $5.6 billion in FY2025, but net income declined from $183.0 million to $167.1 million, and earnings per share fell from $3.22 to $2.02, demonstrating that revenue expansion did not fully translate into growth in reported profitability.
Automated analysis for informational purposes only — not investment advice.
The average analyst price target is $158.33, within a wide range of $145 to $175, compared with a 52-week share-price range of $88.38 to $171.51; accordingly, the average target is below the top of the 52-week range, while the highest target is slightly above that peak. The consensus rates the stock a “Buy,” but the price-to-earnings ratio is unavailable in the data, and this optimism should be weighed against the decline in net income and earnings per share in FY2025 and the increase in leverage to 2.8 times following the Ayesa acquisition.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
Colliers' consolidated revenue reached $1.6 billion in Q2 FY2026, up 16%, while net revenue increased by the same percentage to $1.4 billion. Capital markets and leasing revenue each grew 23%, while Engineering net revenue rose 27% and Investment Management net revenue increased 15%. Adjusted EBITDA reached $205 million, up 14%, and adjusted earnings per share rose 6% to $1.83 despite higher interest expense.
Colliers completed the Ayesa acquisition in Q2 FY2026, and the transaction added an Engineering presence in Europe, Latin America, the Middle East, and Australia. Ayesa has specific expertise in desalination, marine engineering, and water and operates between six and ten large desalination plants, according to management. The acquisition, alongside other transactions, contributed to a 27% increase in Engineering net revenue during the quarter, while the geographic distribution of Ayesa's business reduces weather-related seasonality in Canada and the northern United States.
Harrison Street's assets under management reached approximately $110 billion in Q2 FY2026, and revenue increased 17%. The platform raised $2.2 billion in new commitments during the quarter and approximately $3 billion during the first six months, while maintaining the FY2026 target at $6 billion to $9 billion. The Investment Management net revenue margin was 36.5%, and integration and platform-building costs are expected to continue pressuring it during the second half of FY2026 before it stabilizes in the low-40% range during FY2027.
In data centers, Colliers combines site selection, engineering, design, construction, financing, leasing, and facility management services. Harrison Street invested more than $6 billion in digital assets and data centers during the six years ended Q2 FY2026, providing relationships and expertise that the other platforms can leverage. Management said data center-related demand supports internal Engineering growth, but clarified on the July 30, 2026 call that a formally unified strategy across all platforms had not yet been completed.
Colliers ended Q2 FY2026 with leverage of 2.8 times following the Ayesa acquisition, below an earlier transaction estimate of approximately 3.0 times. Management expects to reduce leverage to approximately 2.3 times by the end of FY2026 as the majority of seasonal cash flows arrive in the second half. The long-term target remains between 1.5 and 2.0 times, with temporary increases permitted when executing large acquisitions or taking advantage of exceptional share repurchase opportunities.
The key indicators are the Commercial Real Estate transaction pipeline, contracted Engineering work, and Harrison Street fundraising. As of June 30, 2026, contracted Engineering work amounted to the equivalent of 12 months of revenue, while the FY2026 fundraising target ranged from $6 billion to $9 billion. Investors should also monitor the Investment Management margin of 36.5% in Q2 FY2026 and the path toward reducing leverage from 2.8 times to the stated target of approximately 2.3 times by the end of FY2026.
