Cushman & Wakefield PLC

CWK Real Estate Real Estate Services

Cushman & Wakefield PLC’s revenue for fiscal 2025 (year ended December 2025) was $10.3 billion, up 8.91% from fiscal 2024.

Revenue
+7.75%
EPS
+0.91%
Free cash flow
−21.7%
Total debt
−8.42%

Quarter to September 2026, against a year earlier

14.28 0.65 −4.35%
Market cap
$3.3B
P/E
48.9×
Fwd P/E
12.4×
Dividend yield
—
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Cushman & Wakefield PLC (CWK) Gross margin

Alert me on Gross margin

Cushman & Wakefield PLC's gross margin over the twelve months to 30 September 2026 was 18.1%, down 0.2 percentage points from fiscal 2025 (18.3%). Over the past ten years it has ranged from 17.4% (fiscal 2023) to 20.7% (fiscal 2021); the current reading is higher than 36% of that period. That is below the Real Estate Services industry median of 25.7% and below the Real Estate sector median of 62.8%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 18.3% 0.00
FY2024 18.3% 0.87
FY2023 17.4% (1.92)
FY2022 19.3% (1.35)
FY2021 20.7% 2.97
FY2020 17.7% (2.52)
FY2019 20.2% 1.03
FY2018 19.2% 0.64
FY2017 18.6% 0.08
FY2016 18.5% (0.77)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 17.3% (1.21)
Jun 2026 18.5% 1.94
Mar 2026 16.6% (3.13)
Dec 2025 19.7% 2.30
33 more quarters

Against its own ten years

Low 17.4% High 20.7%
Ten-year median 18.6%
Current reading's percentile 24

Gross margin against peers

Company Gross margin
NMRK Newmark Group, Inc. compare 100.0%
COMP Compass, Inc. compare 100.0%
IHS IHS Holding Limited compare 53.5%
CIGI Colliers International Group Inc. compare 40.0%
MMI Marcus & Millichap, Inc. compare 37.7%
FSV FirstService Corporation compare 33.1%
CWK Cushman & Wakefield PLC 18.1%
OPEN Opendoor Technologies Inc. compare 7.53%
HBNB Hotel101 Global Holdings Corp. compare —
Real Estate Services industry median 25.7%
Real Estate sector median 62.8%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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