Superworth

Cushman & Wakefield CWK

Real Estate - Services, Real Estate
$11.83
−2.23%
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 for CWK, by quarter
Income statementQ3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 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.

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
CWKCushman & Wakefield$2.8B40.8×20.4×0.3×+11%0.6%
UEUrban Edge Properties$2.4B35.8×24.8×4.9×+7%13.7%
CURBCurbline Properties$3.5B120×81.5×14.2×+51%11.1%
NMRKNewmark$2.1B16.2×14.7×0.6×+21%4.1%
MRPMillrose Properties$4B8.3×10.4×5.2×n/m62.6%
GTYGetty Realty$1.9B17.1×22.3×7.8×+12%42.4%
IIPRInnovative Industrial Properties$1.5B12.2×23.1×5.7×−8%52.3%
FORForestar$1.3B7.8×9.4×0.8×+12%9.9%
TRNOTerreno Realty$7.1B17.5×38.4×14.1×+18%77.3%
MMIMarcus & Millichap$1B74.6×18.1×1.3×+12%1.8%
COMPCompass$7.4B163×185×0.7×+68%0.6%
Peer median$2.3B17.3×22.7×5.1×+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.

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Industry
Real Estate - Services
Sector
Real Estate

Valuation data, not investment advice. Prices as of .