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Data as of Q2 2026
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What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on -$17.2M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 7 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 8%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 7 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
A reverse discounted cash flow is not shown for a REIT.
Depreciation swamps reported earnings for a property owner — which is why FFO exists. EBITDA leverage and a net-income DCF both mislead here.
Classified from the filings: SIC code.
Leverage ratios is not shown for a REIT.
Depreciation swamps reported earnings for a property owner — which is why FFO exists. EBITDA leverage and a net-income DCF both mislead here.
Classified from the filings: SIC code.
How much the company owes, how it's trended, and how comfortably it's serviced.
Interest is easily covered by operating profit.
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
EOD close · as of 2026-10-16
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.03B 100.0% | $995.6M 100.0% | $955.6M 100.0% | $1.15B 100.0% | $1.35B 100.0% | $774.0M 100.0% | $784.1M 100.0% |
| Selling, General & Admin | $111.0M 10.7% | $117.8M 11.8% | $125.4M 13.1% | $131.4M 11.4% | $92.8M 6.9% | $76.1M 9.8% | $96.5M 12.3% |
| Operating Income | $45.5M 4.4% | -$68.8M -6.9% | -$64.5M -6.7% | -$4.5M -0.4% | $102.1M 7.5% | -$49.3M -6.4% | -$3.5M -0.4% |
| Interest Expense | $5.1M 0.5% | $2.9M 0.3% | $28K 0.0% | $148K 0.0% | — | — | — |
| Interest & Investment Income | $4.9M 0.5% | $5.5M 0.6% | $5.8M 0.6% | $1.9M 0.2% | $83K 0.0% | $190K 0.0% | $600K 0.1% |
| Pretax Income | $17.9M 1.7% | -$75.9M -7.6% | -$58.2M -6.1% | $104K 0.0% | $100.8M 7.4% | -$46.3M -6.0% | $8.8M 1.1% |
| Income Tax Expense | $3.6M 0.3% | $1.1M 0.1% | -$15.1M -1.6% | $6.5M 0.6% | $2.1M 0.2% | $44K 0.0% | $354K 0.0% |
| Net Income | $15.2M 1.5% | -$76.3M -7.7% | -$42.6M -4.5% | -$5.6M -0.5% | $98.8M 7.3% | -$46.4M -6.0% | $8.5M 1.1% |
| Per Share | |||||||
| EPS (Basic) | $0.17 | -$0.91 | -$0.52 | -$0.08 | $1.21 | -$0.60 | $0.11 |
| EPS (Diluted) | $0.17 | -$0.91 | -$0.52 | -$0.08 | $1.21 | -$0.60 | $0.11 |
| Weighted Avg Shares (Basic) | 84.6M | 83.5M | 82.2M | 81.6M | 81.6M | 77.7M | 77.7M |
| Weighted Avg Shares (Diluted) | 84.6M | 83.5M | 82.2M | 81.6M | 81.6M | 77.7M | 77.7M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-10-16
Where each multiple sits in its own 5-yr range · 0th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 5-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 8% against ROIC 8% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| SG&A | 12.3 | 9.8 | 6.9 | 11.4 | 13.1 | 11.8 | 10.7 |
| Operating Income | -0.4 | -6.4 | 7.5 | -0.4 | -6.7 | -6.9 | 4.4 |
| Income Tax | 0.0 | 0.0 | 0.2 | 0.6 | -1.6 | 0.1 | 0.3 |
| Net Income | 1.1 | -6.0 | 7.3 | -0.5 | -4.5 | -7.7 | 1.5 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on DOUG: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 31 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CBRE | $38.5B | 34.6× | — | 0.9× | 13.4% | 18.7% | 2.9% | 13.0% | 7.1% | — | 1,028 |
| BEKE | $19.8B | 150.6× | 43.0× | 1.5× | 5.6% | 21.4% | 3.2% | 4.5% | 4.5% | -2.5× | 203 |
| INVH | $16.0B | 28.2× | — | 5.9× | 4.2% | — | 21.5% | 6.2% | 3.3% | — | 606 |
| JLL | $14.1B | 18.6× | 10.4× | 0.5× | 11.4% | — | 3.0% | 10.6% | 10.4% | -0.4× | 632 |
| COMP | $7.0B | — | 138.1× | 1.0× | 23.7% | — | -0.8% | -7.5% | -7.5% | -4.0× | 431 |
| TRNO | $7.0B | 16.4× | — | 14.7× | 24.5% | — | 84.6% | 9.7% | 7.9% | — | 365 |
| FSV | $5.9B | 42.8× | 13.1× | 1.1× | 5.4% | — | 3.5% | 13.9% | 7.8% | 1.8× | 261 |
| CIGI | $4.6B | 44.7× | 9.7× | 0.8× | 15.3% | — | 4.0% | 14.6% | 7.1% | 2.3× | 182 |
| JOE | $3.9B | 34.4× | 21.5× | 7.6× | 27.4% | 43.1% | 22.5% | 15.1% | 10.0% | 1.4× | 313 |
| CURB | $3.1B | 71.7× | — | 16.7× | 51.3% | — | 21.8% | 2.1% | 1.7% | — | 275 |
| CWK | $2.7B | 29.7× | 8.3× | 0.3× | 8.9% | — | 0.9% | 4.5% | 1.9% | 3.5× | 26 |
| UE | $2.5B | 26.4× | — | 5.2× | 6.1% | — | 19.8% | 6.8% | 6.8% | — | 259 |
| NMRK | $2.1B | 17.4× | 9.2× | 0.7× | 20.3% | — | 3.8% | 8.6% | 5.9% | 1.6× | 304 |
| OPEN | $2.1B | — | — | 0.5× | -15.2% | 8.0% | -29.7% | -129% | -129% | — | 398 |
| GTY | $1.8B | 21.0× | — | 7.9× | 9.0% | — | 35.7% | 7.4% | 3.8% | — | 305 |
| IIPR | $1.4B | 13.3× | 9.0× | 5.4× | -13.8% | — | 44.5% | 6.4% | 5.3% | 1.8× | 321 |
| FOR | $1.3B | 7.8× | — | 0.8× | 10.1% | 21.9% | 10.1% | 9.5% | 6.5% | — | 182 |
| AGNT | $640M | — | — | 0.1× | 4.5% | 7.0% | -0.5% | -9.4% | -9.4% | — | — |
| GOOD | $604M | 89.1× | — | 3.7× | 8.0% | — | 12.0% | 11.2% | 1.9% | — | 201 |
| REAX | $577M | — | — | 0.3× | 55.7% | 8.4% | -0.4% | -15.7% | -15.7% | — | 176 |
| HPP | $559M | — | 1.3× | 0.7× | -1.3% | 48.5% | -71.3% | -19.9% | -19.9% | -0.4× | 191 |
| AHRT | $445M | — | 13.9× | 2.1× | 2.7% | — | 2.7% | 0.9% | 0.3% | 10.3× | 190 |
| TRC | $442M | — | — | 8.9× | 18.4% | 29.2% | 0.2% | 0.0% | 0.0% | — | 127 |
| FRPH | $369M | 106.9× | 30.5× | 8.6× | 2.6% | — | 7.8% | 0.8% | 0.5% | 10.5× | 109 |
| SKYH | $360M | 101.1× | — | 13.1× | 86.6% | — | 68.3% | 10.9% | 5.2% | — | 92 |
| DOUG | $135M | 8.7× | 0.3× | 0.1× | 3.8% | — | 1.5% | 8.3% | 8.3% | -2.1× | 129 |
Peers = companies sharing DOUG's sector (Real Estate Agents & Managers (For Others)) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Cost of capital cannot be computed, so the spread is unknown.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2019 | not reported | -0.4% | 1.1% |
| FY2020 | not reported | -6.4% | -6.0% |
| FY2021 | not reported | 7.5% | 7.3% |
| FY2022 | not reported | -0.4% | -0.5% |
| FY2023 | not reported | -6.7% | -4.5% |
| FY2024 | not reported | -6.9% | -7.7% |
| FY2025 | not reported | 4.4% | 1.5% |
Return on equity (8%) and return on invested capital (8%) are within a couple of points in FY2025, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Missing from our data, so excluded from this answer: wacc.
Cash conversion of 0.02x sits below the level that would make the earnings clearly cash-backed.
Reported free cash flow is -$17M; after share-based compensation it is -$26M. The difference is a real cost that the cash flow statement adds back.
Leverage is not measurable this way for a reit.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Depreciation swamps reported earnings for a property owner — which is why FFO exists. EBITDA leverage and a net-income DCF both mislead here.
Missing from our data, so excluded from this answer: capital adequacy metrics for this archetype.
No positive free cash flow to discount, so the price cannot be expressed as a growth requirement.
No material counter-signal in the checked set: reverse-DCF implied growth, historical FCF CAGR, per-year FCF growth distribution, reporting-basis breaks, discount rate used, free-cash-flow basis (stock comp charged?).
Missing from our data, so excluded from this answer: free_cash_flow.
| Step | Amount | Running total |
|---|---|---|
| Net income | $15M | $15M |
| Share-based comp | $9M | $24M |
| Other non-cash & working capital | −$38M | −$14M |
| Operating cash flow | −$14M | −$14M |
| Capex | −$3M | −$17M |
| Free cash flow | −$17M | −$17M |
| FCF after SBC | −$26M | −$26M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | -1.3% | not reported | not reported |
| FY2021 | 74.8% | 33.3% | -41.6 points |
| FY2022 | -14.8% | -31.8% | -17.0 points |
| FY2023 | -17.1% | -1.6% | 15.6 points |
| FY2024 | 4.2% | -10.1% | -14.3 points |
| FY2025 | 3.8% | 1.6% | -2.2 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2019 | not reported | not reported | not reported | not reported |
| FY2020 | 11.5 days | not reported | not reported | not reported |
| FY2021 | 8.8 days | not reported | not reported | not reported |
| FY2022 | 7 days | not reported | not reported | not reported |
| FY2023 | 8.3 days | not reported | not reported | not reported |
| FY2024 | 7.2 days | not reported | not reported | not reported |
| FY2025 | 7 days | not reported | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | 0.2 percent |
| FY2020 | -17.2 percent |
| FY2021 | -4.9 percent |
| FY2022 | 1.7 percent |
| FY2023 | -2.5 percent |
| FY2024 | -10.2 percent |
| FY2025 | 6.5 percent |
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2025) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.