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← CockpitCompetitor Analysis › CWK Cushman & Wakefield Ltd.Open in the cockpit ↗

Cushman & Wakefield Ltd.CWKCompetitor analysis, valuation and peers

United States · USD·Real Estate›Real Estate Development

Global commercial real estate services firm offering brokerage, property management, valuation and facilities management.

Momentum strong 72
Mkt cap
$3.28B
US dollars, full cap
Free float
99%
of shares outstanding
$/day
$45.9M
20-day average traded
Fwd P/E
8.8×
forward earnings
ROIC−WACC
n/a
WACC 9.1%
Hurdle
n/a
no reverse DCF
Next earnings
111 days
25 Feb 2027
Close · USD$13.96
1D-1.6%
1W+5.0%
1M+18.0%
3M+5.1%
6M-1.6%
YTD-13.8%
1Y-9.9%
ATR %5.0%
Beta1.51
52w lowhigh19.8% off high

What Cushman & Wakefield does

Global commercial real estate services firm offering brokerage, property management, valuation and facilities management.

A big share of its profit comes from deal commissions that swing with transaction volume; steadier fees come from managing properties and operating buildings for occupiers. It was formed when DTZ combined with Cushman and Wakefield in 2015.

Products and services

  • Leasing/capital markets brokerage
  • Property & facilities management
  • Valuation & advisory services

Customers

  • Corporate occupiers
  • Property owners/investors

Where it sits in the supply chain

  • Commercial real estate services
  • Brokerage/leasing & capital markets…
  • Property/facilities management…

What could go right

  • Commercial real estate transaction volume recovery
  • Growth in recurring management/outsourcing revenue

What could go wrong

  • High debt load from past LBO history
  • Cyclicality tied to commercial real estate transaction volumes

Moat: narrow (brand, scale, installed base). A global brokerage network and long-term facilities-management contracts are hard for smaller firms to match.

Headquarters: Chicago, Illinois, US · Founded: 1917 · Employees: 53,000

Named competitors

Cushman & Wakefield at a glance

Size Cushman & Wakefield (CWK) is a United States Real Estate company (Real Estate Development) with a market value of $3.28B, the 1487th largest of 3,117 United States companies the cockpit tracks. Shares closed at $13.96 on 6 Nov 2026.

Performance Over six months the shares fell 1.6%, against -8.8% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 21 in its peer set.

Growth Revenue grew 10.2% over the last twelve months (peer median +3.5%); the operating margin is 4.0% (peer median 26.1%).

Valuation It trades at 8.8× forward earnings against a peer median of 19.5× (3rd cheapest of 16).

Short interest Short interest is 6.8% of the free float (15 Oct 2026).

Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).

Relative performance

809010011011 May 202611 Aug 20266 Nov 2026CWK 101Peer median 93
Six months, rebased to 100: Cushman & Wakefield against the median of its 20 peers (local-currency closes).

Cushman & Wakefield financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$11.0B$10.3B$9.45B$9.49B$10.1B
Revenue growth—+9%0%-6%—
Gross profit$1.85B$1.82B$1.60B$1.50B$1.81B
EBITDA$583M$536M$502M$453M$608M
Net income$69.8M$88.2M$131M-$11.7M$196M
Free cash flow$43.2M$136M$167M$298M-$1.60M
Capital expenditure$81.5M$47.4M$41.0M$49.2M$50.7M
Total debt$2.98B$3.09B$3.31B$3.60B$3.60B

Quarterly statements and history in the cockpit →

Cushman & Wakefield competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%-10%0%+10%+20%600208600007HGVMOBNUTGPNDX-B0683U06600095VTMX2602TQ5ALLN000029JOE600246MRP60060609601908CWK6-month return →1-month return →
Up and to the right = strong over both horizons. Cushman & Wakefield is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%20×40×60×600208600007HGVMOBNUTGPNDX-B0683600095VTMXTQ5ALLNMRP6006061908CWKRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Cushman & Wakefield is the large dot.

Cushman & Wakefield competitors and peer comparison

Head to head with its named competitors (CWK vs CBRE vs JLL vs CIGI.TO)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Cushman & Wakefield CWK$3.28B-2%+10%4%8.8×n/a
CBRE CBRE$39.1B-7%+14%3%16.3×n/a
Jones Lang LaSalle JLL$16.9B+12%+11%5%13.4×n/a
Colliers International CIGI.TO$4.88B-5%+14%7%11.8×n/a
Newmark NMRK$2.16B-29%+16%7%6.1×n/a
Savills SVS.L$2.56B+37%+7%5%13.4×n/a
Marcus & Millichap MMI$1.05B-9%+12%1%56.1×n/a
Walker & Dunlop WD$1.34B-28%+9%15%8.7×n/a

How Cushman & Wakefield compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Cushman & Wakefield against its 20 peers (data as of 6 Nov 2026)
MeasureCWKPeer medianRank in peer set
1-month return+18.0%+3.8%2nd highest of 21
6-month return-1.6%-8.8%8th highest of 21
Distance from 52-week high-19.8%-22.7%8th highest of 21
Revenue growth (TTM)+10.2%+3.5%9th highest of 21
Operating margin4.0%26.1%6th lowest of 21
Forward P/E8.8×19.5×3rd cheapest of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Cushman & Wakefield CWKUnited States$3.28B-2%+10%4%8.8×n/an/a
Quzhou Xin'an Development 600208.SSChina$3.25B-43%-4%-17%52.0×n/an/a
China World Trade Center 600007.SSChina$3.31B+4%-4%42%18.6×n/an/a
Hilton Grand Vacations HGVUnited States$3.33B-10%+19%17%9.4×n/an/a
Mobimo MOBN.SWSwitzerland$3.17B-1%+15%42%26.9×n/an/a
UNITE UTG.LUnited Kingdom$3.41B+5%+12%46%11.9×n/an/a
Pandox PNDX-B.STSweden$3.43B-1%+15%58%14.6×n/an/a
Kerry Properties 0683.HKHong Kong$3.47B-26%-22%24%14.2×n/an/a
Singapore Land U06.SISingapore$3.08B-25%+4%36%n/an/an/a
Xiangcai 600095.SSChina$3.07B-19%-3%12%26.5×n/an/a
Corporacion Inmobiliaria Vesta S.A.B. de C.V. Sponsored ADR VTMXUnited States$3.62B+6%+18%76%19.5×n/an/a
Onewo 2602.HKHong Kong$2.84B+6%+8%3%20.6×n/an/a
Frasers Property TQ5.SISingapore$2.80B-20%-21%29%26.8×n/an/a
Allreal ALLN.SWSwitzerland$3.89B-8%+3%41%24.0×n/an/a
Shenzhen Special Economic Zone Real Estate and Properties (Group) 000029.SZChina$2.73B-6%-24%14%n/an/an/a
St. Joe JOEUnited States$3.96B+6%+11%32%n/an/an/a
Vantone Neo Development 600246.SSChina$2.69B-14%+22%-152%n/an/an/a
Millrose Properties MRPUnited States$4.00B-4%+93%85%7.9×n/an/a
Greenland 600606.SSChina$2.66B-20%-30%-12%63.0×n/an/a
Longfor 0960.HKHong Kong$4.05B-47%-42%1%n/an/an/a
C&D International Investment 1908.HKHong Kong$4.11B-15%-15%7%8.2×n/an/a

Questions

Who are Cushman & Wakefield's main competitors?
Named competitors: CBRE Group (CBRE), JLL (JLL), Colliers International (CIGI.TO), Newmark Group (NMRK), Savills (SVS.L), Marcus & Millichap (MMI). The cockpit's measured peer set (industry) also includes Quzhou Xin'an Development (600208.SS), China World Trade Center (600007.SS), Hilton Grand Vacations (HGV), Mobimo (MOBN.SW), UNITE (UTG.L), Pandox (PNDX-B.ST).
Is Cushman & Wakefield expensive compared with its peers?
On forward p/e it trades at 8.8× against a peer median of 19.5×, 3rd cheapest of 16 in its peer set.
How has Cushman & Wakefield stock performed?
Over six months to 6 Nov 2026 the shares returned -1.6% against -8.8% for the median peer; over one year -9.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.