CoStar Group Management
Management criteria checks 3/4
CoStar Group's CEO is Andy Florance, appointed in Jan 1987, has a tenure of 37.25 years. total yearly compensation is $19.42M, comprised of 5% salary and 95% bonuses, including company stock and options. directly owns 0.3% of the company’s shares, worth $113.41M. The average tenure of the management team and the board of directors is 5.8 years and 11.6 years respectively.
Key information
Andy Florance
Chief executive officer
US$19.4m
Total compensation
| CEO salary percentage | 5.0% |
| CEO tenure | 37.3yrs |
| CEO ownership | 0.3% |
| Management average tenure | 5.8yrs |
| Board average tenure | 11.6yrs |
Recent management updates
Recent updates
Andvari Associates - CoStar Group: Making Homes.Com The Second Most Trafficked Home Buying Portal
Apr 14Revenues Tell The Story For CoStar Group, Inc. (NASDAQ:CSGP)
Apr 05
CoStar Group, Inc. (NASDAQ:CSGP) Just Released Its Yearly Results And Analysts Are Updating Their Estimates
Feb 23Is CoStar Group (NASDAQ:CSGP) Using Too Much Debt?
Jan 12CoStar: Playing The Long Game
Jan 11CoStar Group, Inc.'s (NASDAQ:CSGP) P/S Is On The Mark
Dec 25Do CoStar Group's (NASDAQ:CSGP) Earnings Warrant Your Attention?
Dec 06Is CoStar Group (NASDAQ:CSGP) A Risky Investment?
Sep 25Does This Valuation Of CoStar Group, Inc. (NASDAQ:CSGP) Imply Investors Are Overpaying?
Sep 04At US$78.29, Is CoStar Group, Inc. (NASDAQ:CSGP) Worth Looking At Closely?
Aug 20Do CoStar Group's (NASDAQ:CSGP) Earnings Warrant Your Attention?
Jul 19Is CoStar Group (NASDAQ:CSGP) A Risky Investment?
Jun 07Does CoStar Group (NASDAQ:CSGP) Deserve A Spot On Your Watchlist?
Mar 24CoStar Group (NASDAQ:CSGP) Could Easily Take On More Debt
Mar 08When Should You Buy CoStar Group, Inc. (NASDAQ:CSGP)?
Feb 09Is CoStar Group (NASDAQ:CSGP) A Risky Investment?
Nov 29CoStar Group acquires hospitality benchmark Fairmas Benchmarking in Germany
Oct 13At US$71.99, Is CoStar Group, Inc. (NASDAQ:CSGP) Worth Looking At Closely?
Oct 04CoStar: Stagnant Growth And Higher Interest Rates Could Drive The Share Price Down
Oct 01CoStar Group launches offering of $750M common shares
Sep 14A Look At The Fair Value Of CoStar Group, Inc. (NASDAQ:CSGP)
Aug 05CoStar Group Q2 2022 Earnings Preview
Jul 25We Think CoStar Group (NASDAQ:CSGP) Can Manage Its Debt With Ease
Jul 18Is Now An Opportune Moment To Examine CoStar Group, Inc. (NASDAQ:CSGP)?
Jun 29CoStar Group: Drastically Overpriced
Jun 09CoStar Group, Inc.'s (NASDAQ:CSGP) Intrinsic Value Is Potentially 30% Above Its Share Price
May 06CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$294m |
| Dec 31 2023 | n/a | n/a | US$375m |
| Sep 30 2023 | n/a | n/a | US$403m |
| Jun 30 2023 | n/a | n/a | US$384m |
| Mar 31 2023 | n/a | n/a | US$367m |
| Dec 31 2022 | US$19m | US$972k | US$370m |
| Sep 30 2022 | n/a | n/a | US$338m |
| Jun 30 2022 | n/a | n/a | US$330m |
| Mar 31 2022 | n/a | n/a | US$308m |
| Dec 31 2021 | US$22m | US$906k | US$293m |
| Sep 30 2021 | n/a | n/a | US$235m |
| Jun 30 2021 | n/a | n/a | US$229m |
| Mar 31 2021 | n/a | n/a | US$229m |
| Dec 31 2020 | US$21m | US$800k | US$227m |
| Sep 30 2020 | n/a | n/a | US$279m |
| Jun 30 2020 | n/a | n/a | US$300m |
| Mar 31 2020 | n/a | n/a | US$303m |
| Dec 31 2019 | US$19m | US$792k | US$315m |
| Sep 30 2019 | n/a | n/a | US$311m |
| Jun 30 2019 | n/a | n/a | US$291m |
| Mar 31 2019 | n/a | n/a | US$271m |
| Dec 31 2018 | US$15m | US$750k | US$238m |
| Sep 30 2018 | n/a | n/a | US$199m |
| Jun 30 2018 | n/a | n/a | US$174m |
| Mar 31 2018 | n/a | n/a | US$153m |
| Dec 31 2017 | US$11m | US$742k | US$123m |
Compensation vs Market: Andy's total compensation ($USD19.42M) is above average for companies of similar size in the US market ($USD13.53M).
Compensation vs Earnings: Andy's compensation has been consistent with company performance over the past year.
CEO
Andy Florance (59 yo)
37.3yrs
Tenure
US$19,420,514
Compensation
Mr. Andrew C. Florance, also known as Andy, founded CoStar Group, Inc. in 1987. Mr. Florance serves as the Chief Executive Officer and Director at CoStar Group, Inc. and was its President until July 2023....
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 37.3yrs | US$19.42m | 0.30% $ 113.4m | |
| Chief Financial Officer | 8.3yrs | US$7.34m | 0.053% $ 20.0m | |
| Senior Vice President of Global Operations | 1.8yrs | US$4.92m | 0.044% $ 16.8m | |
| Chief Technology Officer | 9.1yrs | US$5.55m | 0.096% $ 36.2m | |
| President of Marketplaces | 6.3yrs | US$4.72m | 0.067% $ 25.3m | |
| Chief Information Officer | 4.5yrs | no data | no data | |
| Senior VP of Investor Relations & Controller | 8.3yrs | no data | no data | |
| General Counsel & Corporate Secretary | 2.1yrs | no data | 0.0085% $ 3.2m | |
| Vice President of Marketing & Communications | 5.3yrs | no data | no data | |
| Senior Vice President of Global Sales | 1.6yrs | no data | no data | |
| Chief Human Resources Officer | 4.8yrs | no data | 0.017% $ 6.3m | |
| Managing Director - Canada | 7.4yrs | no data | no data |
5.8yrs
Average Tenure
57yo
Average Age
Experienced Management: CSGP's management team is seasoned and experienced (5.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 37.3yrs | US$19.42m | 0.30% $ 113.4m | |
| Independent Director | 21.8yrs | US$337.00k | 0.067% $ 25.4m | |
| Independent Chairman of the Board | 37.3yrs | US$457.03k | 0.49% $ 185.6m | |
| Independent Director | 4.3yrs | US$315.04k | 0.0031% $ 1.2m | |
| Independent Director | 11.6yrs | US$330.05k | 0.0044% $ 1.7m | |
| Independent Director | 15.8yrs | US$327.02k | 0.025% $ 9.4m | |
| Independent Director | 4.3yrs | US$300.02k | 0.0029% $ 1.1m | |
| Independent Director | 8yrs | US$312.00k | 0.0035% $ 1.3m | |
| Independent Member of The Board | less than a year | no data | 0.00086% $ 325.4k |
11.6yrs
Average Tenure
60yo
Average Age
Experienced Board: CSGP's board of directors are seasoned and experienced ( 11.6 years average tenure).