CCI vs CWK vs AD Stock Comparison

Crown Castle, Cushman & Wakefield and Array Digital Infrastructure Prices as of Oct 28, 2026 Peers: Industry group
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CCI Crown Castle Inc.
$87.81 +30.9% 1M -7.2% 1Y
Market cap
$38.30B
P/E
46.6x
Revenue (TTM)
$4.08B
Div. yield
-0.06%
Tower REITs Real Estate
3 wins
CWK Cushman & Wakefield Ltd.
$12.63 +6.4% 1M -25.0% 1Y
Market cap
$3.04B
P/E
44.0x
Revenue (TTM)
$10.82B
Div. yield
–
Commercial Real Estate Services Real Estate

Head to Head

11 decided of 12

Array Digital Infrastructure leads on 8 of the 12 questions below (Array Digital Infrastructure 8, Crown Castle 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCCICWKADLeader
Larger companyMarket capitalisation $38.30B $3.04B $2.78B CCI
Cheaper on earningsLower P/E, profitable companies only 46.6x 44.0x 5.2x AD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 43.5x 8.3x 5.0x AD
Faster revenue growthRevenue growth, trailing twelve months -5.3% +11.0% +98.9% AD
More profitableNet margin, trailing twelve months — 0.6% 250.8% AD
Better return on capitalReturn on invested capital — 7.0% 19.3% AD
Less leveragedLower net debt / EBITDA — 3.7x 0.5x AD
Higher dividend yieldTrailing dividend yield -0.06% 0.00% -0.05% –
Better 1-year returnPrice return, last 12 months -7.2% -25.0% -37.4% CCI
Better 5-year returnAnnualised price return, 5 years -13.4%/yr -7.2%/yr +0.8%/yr AD
Less volatileAnnualised volatility, 1 year 34.9% 45.8% 45.9% CCI
Higher overall scoreMean of the five percentile scores vs peers 34/100 38/100 58/100 AD

Percentile Scorecard

CCICWKAD

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCCICWKAD
Valuation 60 #5 of 11 65 #7 of 18 20 #9 of 11
Growth 0 #10 of 10 27 #12 of 16 67 #4 of 10
Profitability 67 #4 of 10 40 #10 of 16 44 #6 of 10
Financial Health 10 #10 of 11 19 #14 of 17 100 #1 of 11
Shareholder Returns – – –
Overall 34 38 58
  • CCI ranked among 11 companies in Infrastructure REITs
  • CWK ranked among 19 companies in Real Estate Services
  • AD ranked among 11 companies in Infrastructure REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCCICWKADSPY
1 month +30.9%+6.4%-5.0% +0.9%
3 months +10.9%-6.6%-9.4% +5.9%
6 months +2.3%-9.5%-33.6% +8.5%
Year to date -1.2%-22.0%-40.7% +13.3%
1 year -7.2%-25.0%-37.4% +12.4%
3 years -2.3%+89.1%-23.2% +88.1%
3 years, per year -0.8%+23.7%-8.4% +23.5%
5 years -51.3%-31.3%+4.0% +68.2%
5 years, per year -13.4%-7.2%+0.8% +11.0%
10 years -3.7%—-9.0% +263.4%
10 years, per year -0.4%—-0.9% +13.8%

Risk

MeasureCCICWKADSPY
Volatility, 1Y 34.9%45.8%45.9% 12.7%
Downside volatility, 1Y 34.2%46.4%57.5% 12.7%
Beta vs S&P 500, 1Y 0.191.550.20 1.00
Return / volatility, 1Y -0.20-0.55-0.81 0.98
Max drawdown, 5Y -68.3%-71.8%-58.7% -25.4%
From 52-week high -7.2%-26.6%-47.2% -0.9%
52-week high $94.58$17.20$60.28 $779.14
52-week low $66.11$11.03$31.80 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCCICWKAD
P/E now vs peer median 46.3xmedian 24.2x 42.8xmedian 20.9x 5.1xmedian 24.2x
P/S now vs peer median 9.2xmedian 6.3x 0.3xmedian 0.7x 12.9xmedian 6.3x
EV/EBITDA now vs peer median —median 15.7x 8.7xmedian 9.8x 5.3xmedian 15.7x
P/FCF now vs peer median 11.9xmedian 18.2x -361.2xmedian 13.1x -8.1xmedian 18.2x
P/B now vs peer median -10.9xmedian 2.4x 1.5xmedian 1.8x 2.2xmedian 2.4x
PEG now vs peer median -2.42median 0.72 0.54median 0.54 0.03median 0.72

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCCICWKAD
Revenue $4.08B $10.82B $213.53M
Gross profit – $1.96B $124.63M
Operating income $1.92B $477.30M $515.33M
Net income $822.00M $69.10M $539.97M
Free cash flow – -$8.20M -$338.11M
EPS (diluted) $1.89 $0.29 $6.19
Cash & equivalents $133.00M $500.50M $416.44M
Total debt – $2.66B $674.88M
Shares (diluted) 434.00M 236.30M 86.51M
Enterprise value $38.30B $521.64M $1.67B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCCICWKAD
P/E 46.3x 42.8x 5.1x
P/FCF 11.9x -361.2x -8.1x
P/Operating cash flow 17.6x 53.3x -9.1x
P/S 9.2x 0.3x 12.9x
P/B -10.9x 1.5x 2.2x
P/Tangible book -10.4x 2.1x -8.5x
EV/EBITDA – 8.7x 5.3x
EV/EBIT – 10.7x 5.8x
EV/Revenue 9.2x 0.5x 14.1x
EV/FCF – -624.3x -8.9x
EV/Operating cash flow 17.6x 92.1x -9.9x
PEG (3Y EPS CAGR) -2.42 0.54 0.03

Growth

14 metrics
MetricCCICWKAD
Revenue growth (1Y) -5.3% 11.0% 98.9%
Revenue CAGR (3Y) -16.7% 3.3% -62.6%
Gross profit growth (1Y) – 8.2% 275.2%
Gross profit CAGR (3Y) – 4.5% -61.4%
Operating income growth (1Y) -9.4% 14.2% 317.3%
Operating income CAGR (3Y) -7.0% 22.3% 205.9%
Net income growth (1Y) 117.8% -66.4% 2,476%
Net income CAGR (3Y) -19.1% 81.0% 207.2%
EPS growth (1Y) 117.9% -67.0% 2,291%
EPS CAGR (3Y) -19.1% 79.4% 197.0%
Operating cash flow growth (1Y) -30.7% -65.0% -135.6%
Operating cash flow CAGR (3Y) -11.8% -0.9% -35.2%
Free cash flow growth (1Y) – -106.5% -131.0%
Free cash flow CAGR (3Y) – -35.8% -152.5%

Profitability

14 metrics
MetricCCICWKAD
Gross margin – 18.1% 58.4%
EBITDA margin – 5.5% 265.4%
Operating margin – 4.4% 241.3%
Pretax margin – 0.9% 373.7%
Net margin – 0.6% 250.8%
FCF margin – -0.1% -158.3%
Operating cash flow margin 52.0% 0.5% -141.8%
Return on equity – 3.5% 35.6%
Return on assets 8.1% 0.9% 15.2%
Return on invested capital – 7.0% 19.3%
Return on capital employed – 9.2% 16.1%
Asset turnover 0.2x 1.4x 0.1x
Cash conversion (OCF / net income) 2.6x 0.8x -0.6x
Stock comp / revenue 2.0% 0.5% 0.3%

Financial Health

11 metrics
MetricCCICWKAD
Debt / assets – 35.2% 20.0%
Debt / equity – 1.3x 0.5x
Net debt / EBITDA – 3.7x 0.5x
Debt / FCF – -324.2x -2.0x
Liabilities / assets 116.6% 73.2% 62.3%
Equity / assets -16.6% 26.8% 37.7%
Interest coverage – 2.2x 13.3x
Current ratio 0.2x 1.1x 1.0x
Quick ratio – 0.9x 0.9x
Cash ratio – 0.2x 0.9x
Altman Z-score – 1.83 1.12

Shareholder Returns

7 metrics
MetricCCICWKAD
Dividend yield 4.8% – 66.8%
Net buyback yield – – –
Shareholder yield 4.8% – 66.8%
Payout ratio (earnings) 281.1% – 27.8%
Payout ratio (FCF) – – -44.4%
Dividend growth (1Y) 26.9% – –
Dividend CAGR (3Y) 2.4% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCCICWKAD
Forward P/E 43.5xFY2026 8.3xFY2026 5.0xFY2026
EPS, next fiscal year $2.02FY2026 $1.52FY2026 $6.38FY2026
EPS growth, next FY +100.0%FY2026 +334.3%FY2026 +1,039.3%FY2026
EPS growth, the year after +44.6% +12.5% -81.8%
Revenue, next fiscal year $3.82BFY2026 $11.53BFY2026 $220.29MFY2026
Revenue growth, next FY -10.3%FY2026 +12.0%FY2026 +35.2%FY2026
Revenue growth, the year after +0.5% +7.4% -1.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCCICWKAD
Held by institutions 97.7% 96.0% 20.6%
Institutions holding 930 310 140
Change in shares held, QoQ +1.0% +6.0% -7.9%
Institutions buying 438 170 69
Institutions selling 377 99 46
Buyers to sellers 1.16 1.72 1.50

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CCICWKAD
CCI 1.00 0.09 0.19
CWK 0.09 1.00 0.12
AD 0.19 0.12 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CCI, CWK and AD?

Crown Castle (CCI) is the largest by market capitalisation: Crown Castle (CCI) $38.30B, Cushman & Wakefield (CWK) $3.04B, Array Digital Infrastructure (AD) $2.78B.

Which stock is cheaper, CCI, CWK and AD?

Array Digital Infrastructure (AD) trades on the lowest price-to-earnings ratio (Crown Castle (CCI) 46.6x, Cushman & Wakefield (CWK) 44.0x, Array Digital Infrastructure (AD) 5.2x). On next year's consensus earnings, Array Digital Infrastructure (AD) is cheapest (Crown Castle (CCI) 43.5x, Cushman & Wakefield (CWK) 8.3x, Array Digital Infrastructure (AD) 5.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Array Digital Infrastructure (AD) grew revenue fastest over the trailing twelve months: Crown Castle (CCI) -5.3%, Cushman & Wakefield (CWK) +11.0%, Array Digital Infrastructure (AD) +98.9%.

Which company is more profitable?

Array Digital Infrastructure (AD) has the highest net margin (Cushman & Wakefield (CWK) 0.6%, Array Digital Infrastructure (AD) 250.8%). On return on invested capital, Array Digital Infrastructure (AD) leads (Cushman & Wakefield (CWK) 7.0%, Array Digital Infrastructure (AD) 19.3%).

Which stock has performed better?

Over the past year Crown Castle (CCI) returned the most: Crown Castle (CCI) -7.2%, Cushman & Wakefield (CWK) -25.0%, Array Digital Infrastructure (AD) -37.4%. Over five years, Array Digital Infrastructure (AD) compounded fastest (Crown Castle (CCI) -13.4%/yr, Cushman & Wakefield (CWK) -7.2%/yr, Array Digital Infrastructure (AD) +0.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Crown Castle (CCI) has been the steadiest (Crown Castle (CCI) 34.9%, Cushman & Wakefield (CWK) 45.8%, Array Digital Infrastructure (AD) 45.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CCI, CWK and AD?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Array Digital Infrastructure (AD) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.