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Cushman & Wakefield Valuation Multiples

Discover Cushman & Wakefield's revenue and EBITDA valuation multiples and M&A history, alongside public comparables like Curbline Properties, Amot Investments, Shaftesbury Capital, Onewo and more.

Cushman & Wakefield Overview

About Cushman & Wakefield

Cushman & Wakefield is one of the largest commercial real estate services firms in the world, with global headquarters in Chicago. The firm provides various real estate-related services to owners, occupiers, and investors. These include brokerage services for leasing and capital markets sales as well as advisory services such as valuation, project management, and facilities management.


Founded

2018

HQ

United States

Employees

53.0K

Financials (LTM)

Revenue: $8B
EBITDA: $690M

EV

$6B

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Cushman & Wakefield Financials

Cushman & Wakefield reported last 12-month revenue of $8B and EBITDA of $690M.

In the same LTM period, Cushman & Wakefield generated $1B in gross profit, $690M in EBITDA, and $311M in net income.

Revenue (LTM)


Cushman & Wakefield P&L

In the most recent fiscal year, Cushman & Wakefield reported revenue of $10B and EBITDA of $663M.

Cushman & Wakefield is profitable as of last fiscal year, with gross margin of 18%, EBITDA margin of 6%, and net margin of 3%.

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LTMLast FY202320242025202620272028
Revenue$8B$10B$9B$9B$10B
Gross Profit$1B$2B$2B$2B$2B
Gross Margin15%18%17%18%18%
EBITDA$690M$663M$495M$614M$521M
EBITDA Margin9%6%5%7%5%
EBIT Margin7%5%3%4%4%
Net Profit$311M$285M($35M)$131M$88M
Net Margin4%3%(0%)1%1%
Net Debt-$2B---

Financial data powered by Morningstar, Inc.

Cushman & Wakefield Stock Performance

Cushman & Wakefield has current market cap of $3B, and enterprise value of $6B.

Market Cap Evolution


Cushman & Wakefield's stock price is $13.27.

Cushman & Wakefield share price increased by 6.7% in the last 30 days, and by 19.9% in the last year.

Cushman & Wakefield has an EPS (earnings per share) of $1.22.

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EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$6B$3B4.8%6.7%8.2%19.9%$1.22

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Cushman & Wakefield Valuation Multiples

Cushman & Wakefield trades at 0.7x EV/Revenue multiple, and 8.2x EV/EBITDA.

See NTM and 2027E valuation multiples for Cushman & Wakefield

EV / Revenue (LTM)


Cushman & Wakefield Financial Valuation Multiples

As of June 5, 2026, Cushman & Wakefield has market cap of $3B and EV of $6B.

Cushman & Wakefield has a P/E ratio of 10.0x.

LTMLast FY202320242025202620272028
EV/Revenue0.7x0.5x0.6x0.6x0.5x
EV/EBITDA8.2x8.5x11.4x9.2x10.8x
EV/EBIT10.3x10.8x23.1x14.8x12.3x
EV/Gross Profit4.6x3.0x3.4x3.3x3.0x
P/E10.0x10.9x(87.8x)23.7x35.3x
EV/FCF19.0x19.2x55.6x33.7x19.2x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Cushman & Wakefield Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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Cushman & Wakefield Margins & Growth Rates

Cushman & Wakefield decreased revenue by 10% but EBITDA grew by 9% in the last fiscal year.

In the most recent fiscal year, Cushman & Wakefield reported gross margin of 18%, EBITDA margin of 6%, and net margin of 3%.

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Cushman & Wakefield Margins

Last FY202420252026202720282029
Gross Margin18%18%18%20%
EBITDA Margin6%7%5%8%
EBIT Margin5%4%4%6%
Net Margin3%1%1%4%
FCF Margin3%2%3%4%

Cushman & Wakefield Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth(10%)(0%)9%(10%)
Gross Profit Growth(4%)4%9%(4%)
EBITDA Growth9%24%(15%)39%
EBIT Growth12%56%21%27%
Net Profit Growth21%(471%)(33%)292%
FCF Growth32%65%75%32%

Data powered by FactSet, Inc. and Morningstar, Inc.

Cushman & Wakefield Operational KPIs

Cushman & Wakefield's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.

Cushman & Wakefield's Rule of 40 is (2%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Cushman & Wakefield's Rule of X is (17%) (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Cushman & Wakefield
LTMLast FY202320242025202620272028
Rule of 4027%(2%)---
Bessemer Rule of X56%(17%)---
Revenue per Employee-$0.2M---
Opex per Employee-$0.0M---
G&A Expenses to Revenue17%13%--13%
Opex to Revenue-14%15%14%14%

Data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Cushman & Wakefield Competitors

Cushman & Wakefield competitors include Curbline Properties, Amot Investments, Shaftesbury Capital, Onewo, TAG Immobilien, SL Green Realty, Multiplan, Mivne Real Estate (K.D), ALLOS and Pandox.

Most Cushman & Wakefield public comparables operate across Real Estate Services.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
Curbline Properties18.3x16.4x26.8x24.9x
Amot Investments15.5x-16.7x-
Shaftesbury Capital13.6x-7.2x-
Onewo0.2x0.2x4.3x4.2x
TAG Immobilien5.8x14.5x10.3x17.8x
SL Green Realty9.5x14.0x21.3x29.7x
Multiplan6.8x6.9x8.7x9.4x
Mivne Real Estate (K.D)12.2x-16.4x-

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Acquisitions by Cushman & Wakefield

Cushman & Wakefield has acquired 8 companies to date.

Last acquisition by Cushman & Wakefield was on March 2nd 2020. Cushman & Wakefield acquired Pinnacle Property Management Services for undisclosed valuation.

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Latest Acquisitions by Cushman & Wakefield

Pinnacle Property Management Services
acht+
QSI Facilities
DZAP
Description
Pinnacle Property Management Services is an Atlanta-headquartered firm that manages 50,000 multifamily units across Georgia, Florida, and the Carolinas. The company oversees leasing, maintenance, and renovations for properties like The Atlantic Midtown using Yardi Voyager software. Services include HUD compliance and value-add programs increasing NOI by 10 percent. Established in 1998, Pinnacle handles Class A and B communities with 24/7 emergency response.
Acht+ is a Vienna-based consultancy firm providing project management, technical due diligence, general planning, and cost control services for real estate and construction projects. It supports developers with feasibility studies, risk assessments, and lifecycle budgeting across residential, commercial, and infrastructure developments in Central Europe.
QSI Facilities is a U.S.-wide facilities management company coordinating on-demand maintenance and project management through a network of vetted contractors. It handles HVAC repairs, electrical work, plumbing, and capital projects for commercial properties, retail centers, and healthcare facilities across all 50 states. The platform offers 24/7 dispatch, vendor management, and compliance tracking via a centralized dashboard.
DZAP is a Netherlands-based firm specializing in comprehensive office interior design, fit-out, and realization projects. It integrates aesthetics with IT infrastructure, climate control, electrical engineering, workplace concepts, facility management, and relocation services for clients ranging from small businesses to large corporations.
HQ CountryUnited StatesGermanyUnited StatesNetherlands
HQ City
Dallas, TX
Berlin
Wichita, KS
Naarden
Deal Date2 Mar 202013 Jan 202029 Nov 201810 Oct 2018
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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About Cushman & Wakefield

When was Cushman & Wakefield founded?Cushman & Wakefield was founded in 2018.
Where is Cushman & Wakefield headquartered?Cushman & Wakefield is headquartered in United States.
How many employees does Cushman & Wakefield have?As of today, Cushman & Wakefield has over 53K employees.
Who is the CEO of Cushman & Wakefield?Cushman & Wakefield's CEO is Michelle M. MacKay.
Is Cushman & Wakefield publicly listed?Yes, Cushman & Wakefield is a public company listed on NYSE.
What is the stock symbol of Cushman & Wakefield?Cushman & Wakefield trades under CWK ticker.
When did Cushman & Wakefield go public?Cushman & Wakefield went public in 2018.
Who are competitors of Cushman & Wakefield?Cushman & Wakefield main competitors include Curbline Properties, Amot Investments, Shaftesbury Capital, Onewo, TAG Immobilien, SL Green Realty, Multiplan, Mivne Real Estate (K.D), ALLOS, Pandox.
What is the current market cap of Cushman & Wakefield?Cushman & Wakefield's current market cap is $3B.
What is the current revenue of Cushman & Wakefield?Cushman & Wakefield's last 12 months revenue is $8B.
What is the current revenue growth of Cushman & Wakefield?Cushman & Wakefield revenue growth (NTM/LTM) is 19%.
What is the current EV/Revenue multiple of Cushman & Wakefield?Current revenue multiple of Cushman & Wakefield is 0.7x.
What is the current EBITDA of Cushman & Wakefield?Cushman & Wakefield's last 12 months EBITDA is $690M.
What is Cushman & Wakefield's EBITDA margin?Cushman & Wakefield's last 12 months EBITDA margin is 9%.
What is the current EV/EBITDA multiple of Cushman & Wakefield?Current EBITDA multiple of Cushman & Wakefield is 8.2x.
What is the current FCF of Cushman & Wakefield?Cushman & Wakefield's last 12 months FCF is $297M.
What is Cushman & Wakefield's FCF margin?Cushman & Wakefield's last 12 months FCF margin is 4%.
What is the current EV/FCF multiple of Cushman & Wakefield?Current FCF multiple of Cushman & Wakefield is 19.0x.
How many companies Cushman & Wakefield has acquired to date?As of June 2026, Cushman & Wakefield has acquired 8 companies.
What was the largest acquisition by Cushman & Wakefield?$29M acquisition of Taylor & Mathis on 10th August 2016 was the largest M&A Cushman & Wakefield has done to date.
What companies Cushman & Wakefield acquired?Cushman & Wakefield acquired Taylor & Mathis, DZAP, 20 VIC Management, EnSite Solutions, Inc RE, acht+, QSI Facilities, and Pinnacle Property Management Services.
In how many companies Cushman & Wakefield has invested to date?Cushman & Wakefield hasn't invested in any companies yet (or none have been disclosed publicly).

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