Cushman & Wakefield CWK
- Market cap
- $2.8B
- PE
- 40.8×
- 5y median 20.4×
- Forward PE
- n/m
- not a meaningful number
- Price to sales
- 0.3×
- EV/EBIT
- 10.3×
- Revenue, 12 months
- $10.8B
- +11% on a year ago
- Net margin
- 0.6%
- Free cash flow yield
- 9.0%
Cushman & Wakefield trades at 40.8× trailing earnings, pricier than 72% of the last ten years. Revenue was $10.8B over the last twelve months, up 11% on a year earlier with a 1% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $2.3B−9% | $2.6B−4% | $2.2B−3% | $2.3B−5% | $2.3B+3% | $2.6B+3% | $2.3B+5% | $2.5B+9% | $2.6B+11% | $2.9B+11% | $2.5B+11% | $2.8B+11% | |
| Cost of revenue | $1.9B−8% | $2.1B−4% | $1.8B−4% | $1.9B−5% | $1.9B+2% | $2.1B+1% | $1.9B+4% | $2B+8% | $2.2B+13% | $2.3B+11% | $2.1B+11% | $2.3B+12% |
| Gross profit | $403.9M−13% | $478.6M−1% | $352.3M+3% | $413.2M−3% | $432.4M+7% | $528.4M+10% | $384.3M+9% | $467.3M+13% | $453.9M+5% | $574.5M+9% | $420.7M+10% | $512M+10% |
| SG&A | $300.9M−5% | $317.1M−5% | $296M−6% | $294.2M−11% | $314.2M+4% | $319.7M+1% | $305.8M+3% | $318.3M+8% | $320.6M+2% | $372.5M+17% | $336.7M+10% | $349.3M+10% |
| $57.6M−49% | $110M−1% | $18.8M | $70.4M+25% | $75.2M+31% | $174.5M+59% | $45.3M+141% | $122.8M+74% | $107.5M+43% | $176.9M+1% | $58.7M+30% | $134.2M+9% | |
| Interest expense | $89.5M+78% | $56.9M+7% | $58.7M−24% | $60.8M+5% | $54.9M−39% | $55.5M−3% | $52.3M−11% | $53.2M−13% | $56M+2% | $54.7M−1% | $49.2M−6% | $59.6M+12% |
| Pre-tax income | −$17.3M | $70.1M−21% | −$26.5M−70% | $17.2M+169% | $53M | $132.1M+88% | $5M | $76.2M+343% | $45.1M−15% | −$12.1M | −$9.6M | $77.3M+1% |
| $16.6M−37% | $300K−100% | $2.3M | $3.7M+185% | $19.3M+16% | $19.2M+6300% | $3.1M+35% | $18.9M+411% | −$6.3M | $10.3M−46% | $3M−3% | $24.6M+30% | |
| Net income | −$33.9M | $69.8M+134% | −$28.8M−62% | $13.5M+165% | $33.7M | $112.9M+62% | $1.9M | $57.3M+324% | $51.4M+53% | −$22.4M | −$12.6M | $52.7M−8% |
| −$0.15 | $0.31+139% | −$0.13−62% | $0.06+200% | $0.14 | $0.48+55% | $0.01 | $0.25+317% | $0.22+57% | −$0.10 | −$0.05 | $0.22−12% | |
| 227.2M−0% | 226.9M−0% | 227.9M+1% | 231.5M+2% | 233.4M+3% | 234.9M+4% | 232.3M+2% | 232.4M+0% | 235.9M+1% | 231.5M−1% | 232.8M+0% | 236.3M+2% |
Revenue: Q1 FY17 and Q1 FY18: 6 months less the 3 months printed beside them.
Cost of revenue: Q1 FY17: 6 months less the 3 months printed beside them.
Gross profit: Q1 FY17: 6 months less the 3 months printed beside them. 37 periods, Q2 FY17 to Q2 FY26: not printed by the filing, worked out from its own lines.
SG&A: Q1 FY17: 6 months less the 3 months printed beside them.
Interest expense: Q1 FY17 and Q1 FY18: 6 months less the 3 months printed beside them.
Pre-tax income: Q1 FY17: 6 months less the 3 months printed beside them.
Income tax: Q1 FY17: 6 months less the 3 months printed beside them.
Net income: Q1 FY17: 6 months less the 3 months printed beside them.
EPS, diluted: 8 periods, Q1 FY17 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: Q1 FY17: share-days: the 6-month average less the second quarter's. 5 periods, Q4 FY17 to Q4 FY24: share-days: the 12-month average less the 9-month, weighted by days. 3 periods, Q4 FY18 to Q4 FY25: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. Q4 FY19: the earlier year to date counted no dilution: the quarter's basic count plus the later year to date's dilution.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Peers
Companies in Real Estate - Services nearest Cushman & Wakefield's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| CWKCushman & Wakefield | $2.8B | 40.8× | 20.4× | 0.3× | +11% | 0.6% | |
| UEUrban Edge Properties | $2.4B | 35.8× | 24.8× | 4.9× | +7% | 13.7% | |
| CURBCurbline Properties | $3.5B | 120× | 81.5× | 14.2× | +51% | 11.1% | |
| NMRKNewmark | $2.1B | 16.2× | 14.7× | 0.6× | +21% | 4.1% | |
| MRPMillrose Properties | $4B | 8.3× | 10.4× | 5.2× | n/m | 62.6% | |
| GTYGetty Realty | $1.9B | 17.1× | 22.3× | 7.8× | +12% | 42.4% | |
| IIPRInnovative Industrial Properties | $1.5B | 12.2× | 23.1× | 5.7× | −8% | 52.3% | |
| FORForestar | $1.3B | 7.8× | 9.4× | 0.8× | +12% | 9.9% | |
| TRNOTerreno Realty | $7.1B | 17.5× | 38.4× | 14.1× | +18% | 77.3% | |
| MMIMarcus & Millichap | $1B | 74.6× | 18.1× | 1.3× | +12% | 1.8% | |
| COMPCompass | $7.4B | 163× | 185× | 0.7× | +68% | 0.6% | |
| Peer median | $2.3B | 17.3× | 22.7× | 5.1× | +12% | 12.4% |
Investors who own it
Investors we follow who held Cushman & Wakefield at the end of Jun 30, 2026, from their 13F filings.
- Bill NygrenHarris Associates (Oakmark)0.0% of portfoliotrimmed
- Ron BaronBaron Capital0.0% of portfolionew
More on Cushman & Wakefield
Each number over time
- PE ratio
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #8of 47Real Estate services stocks with the lowest price to sales ratio
- #5of 20Real estate stocks with the highest free cash flow yield
- #5of 19Real Estate services stocks with the highest free cash flow yield
- #8of 26Real Estate services stocks with the lowest EV/EBIT
Its groups
About
- Industry
- Real Estate - Services
- Sector
- Real Estate
Valuation data, not investment advice. Prices as of .