CIGI vs CWK vs FSV Stock Comparison

Colliers International, Cushman & Wakefield and FirstService Prices as of Oct 28, 2026 Peers: Industry group
CWK Cushman & Wakefield Ltd.
$12.63 +6.4% 1M -25.0% 1Y
Market cap
$2.96B
P/E
42.8x
Revenue (TTM)
$10.82B
Div. yield
–
Commercial Real Estate Services Real Estate
2 wins
FSV FirstService Corp
$138.96 +7.7% 1M -12.8% 1Y
Market cap
$6.35B
P/E
54.9x
Revenue (TTM)
$5.68B
Div. yield
1.06%
Facility Services Industrials
8 wins

Head to Head

12 decided of 12

FirstService leads on 8 of the 12 questions below (FirstService 8, Cushman & Wakefield 2, Colliers International 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCIGICWKFSVLeader
Larger companyMarket capitalisation $4.79B $2.96B $6.35B FSV
Cheaper on earningsLower P/E, profitable companies only 79.0x 42.8x 54.9x CWK
Cheaper on forward earningsLower price / next fiscal year consensus EPS 11.9x 8.3x 23.8x CWK
Faster revenue growthRevenue growth, trailing twelve months +15.2% +11.0% +3.7% CIGI
More profitableNet margin, trailing twelve months 1.0% 0.6% 2.0% FSV
Better return on capitalReturn on invested capital 6.8% 7.0% 10.0% FSV
Less leveragedLower net debt / EBITDA 3.8x 3.7x 2.6x FSV
Higher dividend yieldTrailing dividend yield 0.32% — 1.06% FSV
Better 1-year returnPrice return, last 12 months -43.2% -25.0% -12.8% FSV
Better 5-year returnAnnualised price return, 5 years -8.4%/yr -7.2%/yr -7.0%/yr FSV
Less volatileAnnualised volatility, 1 year 37.6% 45.8% 30.6% FSV
Higher overall scoreMean of the five percentile scores vs peers 43/100 38/100 41/100 CIGI

Percentile Scorecard

CIGICWKFSV

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

AxisCIGICWKFSV
Valuation 47 #10 of 18 65 #7 of 18 42 #66 of 113
Growth 47 #9 of 16 27 #12 of 16 56 #43 of 96
Profitability 67 #6 of 16 40 #10 of 16 63 #35 of 92
Financial Health 13 #15 of 17 19 #14 of 17 39 #77 of 125
Shareholder Returns – – 8 #62 of 67
Overall 43 38 41
  • CIGI ranked among 19 companies in Real Estate Services
  • CWK ranked among 19 companies in Real Estate Services
  • FSV ranked among 130 companies in Business Services

Price Performance

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

Returns

PeriodCIGICWKFSVSPY
1 month +4.3%+6.4%+7.7% +0.9%
3 months -7.3%-6.6%-2.4% +5.9%
6 months -9.8%-9.5%+3.6% +8.5%
Year to date -36.2%-22.0%-10.7% +13.3%
1 year -43.2%-25.0%-12.8% +12.4%
3 years +6.4%+89.1%+1.4% +88.1%
3 years, per year +2.1%+23.7%+0.5% +23.5%
5 years -35.5%-31.3%-30.5% +68.2%
5 years, per year -8.4%-7.2%-7.0% +11.0%
10 years +162.6%—+238.4% +263.4%
10 years, per year +10.1%—+13.0% +13.8%

Risk

MeasureCIGICWKFSVSPY
Volatility, 1Y 37.6%45.8%30.6% 12.7%
Downside volatility, 1Y 39.5%46.4%31.1% 12.7%
Beta vs S&P 500, 1Y 0.891.550.65 1.00
Return / volatility, 1Y -1.15-0.55-0.42 0.98
Max drawdown, 5Y -49.3%-71.8%-43.8% -25.4%
From 52-week high -43.2%-26.6%-15.8% -0.9%
52-week high $165.05$17.20$165.10 $779.14
52-week low $85.88$11.03$125.66 $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.

MultipleCIGICWKFSV
P/E now vs peer median 79.0xmedian 20.9x 42.8xmedian 20.9x 54.9xmedian 21.5x
P/S now vs peer median 0.8xmedian 0.7x 0.3xmedian 0.7x 1.1xmedian 0.9x
EV/EBITDA now vs peer median 11.2xmedian 9.8x 8.7xmedian 9.8x 14.4xmedian 11.9x
P/FCF now vs peer median 11.4xmedian 13.1x -361.2xmedian 13.1x 11.8xmedian 13.9x
P/B now vs peer median 3.1xmedian 1.8x 1.5xmedian 1.8x 6.8xmedian 2.3x
PEG now vs peer median 1.68median 0.54 0.54median 0.54 147.23median 0.92

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 monthsCIGICWKFSV
Revenue $5.96B $10.82B $5.68B
Gross profit $2.38B $1.96B $1.88B
Operating income $373.62M $477.30M $339.62M
Net income $211.66M $69.10M $199.45M
Free cash flow $419.51M -$8.20M $536.84M
EPS (diluted) $1.18 $0.29 $2.52
Cash & equivalents $265.19M $500.50M $160.76M
Total debt $2.69B $2.66B $1.55B
Shares (diluted) 51.08M 236.30M 45.75M
Enterprise value $3.87B $442.42M $6.22B

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
MetricCIGICWKFSV
P/E 79.0x 42.8x 54.9x
P/FCF 11.4x -361.2x 11.8x
P/Operating cash flow 14.9x 53.3x 15.2x
P/S 0.8x 0.3x 1.1x
P/B 3.1x 1.5x 6.8x
P/Tangible book 67.1x 2.1x 6.8x
EV/EBITDA 11.2x 8.7x 14.4x
EV/EBIT 19.3x 10.7x 22.8x
EV/Revenue 1.2x 0.5x 1.4x
EV/FCF 17.2x -624.3x 14.4x
EV/Operating cash flow 22.4x 92.1x 18.5x
PEG (3Y EPS CAGR) 1.68 0.54 147.23

Growth

14 metrics
MetricCIGICWKFSV
Revenue growth (1Y) 15.2% 11.0% 3.7%
Revenue CAGR (3Y) 10.8% 3.3% 9.9%
Gross profit growth (1Y) 14.8% 8.2% 2.6%
Gross profit CAGR (3Y) 11.2% 4.5% 11.0%
Operating income growth (1Y) 3.2% 14.2% -0.6%
Operating income CAGR (3Y) 9.4% 22.3% 8.7%
Net income growth (1Y) -5.4% -66.4% 4.7%
Net income CAGR (3Y) 14.6% 81.0% 6.0%
EPS growth (1Y) 5.3% -67.0% 12.3%
EPS CAGR (3Y) 47.0% 79.4% 0.4%
Operating cash flow growth (1Y) 14.1% -65.0% 0.1%
Operating cash flow CAGR (3Y) 4.6% -0.9% 23.1%
Free cash flow growth (1Y) 20.1% -106.5% -1.6%
Free cash flow CAGR (3Y) 4.6% -35.8% 19.6%

Profitability

14 metrics
MetricCIGICWKFSV
Gross margin 40.0% 18.1% 33.1%
EBITDA margin 10.8% 5.5% 9.5%
Operating margin 6.3% 4.4% 6.0%
Pretax margin 5.0% 0.9% 4.8%
Net margin 1.0% 0.6% 2.0%
FCF margin 7.0% -0.1% 9.4%
Operating cash flow margin 5.4% 0.5% 7.4%
Return on equity 13.8% 3.5% 18.5%
Return on assets 3.9% 0.9% 4.5%
Return on invested capital 6.8% 7.0% 10.0%
Return on capital employed 10.2% 9.2% 9.8%
Asset turnover 1.1x 1.4x 1.3x
Cash conversion (OCF / net income) 1.5x 0.8x 2.1x
Stock comp / revenue 0.8% 0.5% 0.3%

Financial Health

11 metrics
MetricCIGICWKFSV
Debt / assets 46.0% 35.2% 34.9%
Debt / equity 1.7x 1.3x 1.7x
Net debt / EBITDA 3.8x 3.7x 2.6x
Debt / FCF 6.4x -324.2x 2.9x
Liabilities / assets 73.5% 73.2% 78.9%
Equity / assets 26.5% 26.8% 21.1%
Interest coverage – 2.2x –
Current ratio 1.2x 1.1x 1.7x
Quick ratio 0.9x 0.9x 1.2x
Cash ratio 0.1x 0.2x 0.2x
Altman Z-score 1.95 1.83 –

Shareholder Returns

7 metrics
MetricCIGICWKFSV
Dividend yield 0.3% – 1.1%
Net buyback yield – – -9.5%
Shareholder yield 0.3% – -8.5%
Payout ratio (earnings) 7.2% – –
Payout ratio (FCF) 3.6% – –
Dividend growth (1Y) 6.5% – –
Dividend CAGR (3Y) 4.5% – –

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.

ConsensusCIGICWKFSV
Forward P/E 11.9xFY2026 8.3xFY2026 23.8xFY2026
EPS, next fiscal year $7.88FY2026 $1.52FY2026 $5.84FY2026
EPS growth, next FY +20.7%FY2026 +334.3%FY2026 +2.1%FY2026
EPS growth, the year after +0.1% +12.5% +9.6%
Revenue, next fiscal year $6.33BFY2026 $11.53BFY2026 $5.42BFY2026
Revenue growth, next FY +14.6%FY2026 +12.0%FY2026 -1.0%FY2026
Revenue growth, the year after +14.7% +7.4% +20.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCIGICWKFSV
Held by institutions 71.7% 96.0% 69.9%
Institutions holding 189 310 275
Change in shares held, QoQ -3.8% +6.0% +7.2%
Institutions buying 92 170 147
Institutions selling 64 99 101
Buyers to sellers 1.44 1.72 1.46

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.

CIGICWKFSV
CIGI 1.00 0.68 0.58
CWK 0.68 1.00 0.51
FSV 0.58 0.51 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CIGI, CWK and FSV?

FirstService (FSV) is the largest by market capitalisation: Colliers International (CIGI) $4.79B, Cushman & Wakefield (CWK) $2.96B, FirstService (FSV) $6.35B.

Which stock is cheaper, CIGI, CWK and FSV?

Cushman & Wakefield (CWK) trades on the lowest price-to-earnings ratio (Colliers International (CIGI) 79.0x, Cushman & Wakefield (CWK) 42.8x, FirstService (FSV) 54.9x). On next year's consensus earnings, Cushman & Wakefield (CWK) is cheapest (Colliers International (CIGI) 11.9x, Cushman & Wakefield (CWK) 8.3x, FirstService (FSV) 23.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Colliers International (CIGI) grew revenue fastest over the trailing twelve months: Colliers International (CIGI) +15.2%, Cushman & Wakefield (CWK) +11.0%, FirstService (FSV) +3.7%.

Which company is more profitable?

FirstService (FSV) has the highest net margin (Colliers International (CIGI) 1.0%, Cushman & Wakefield (CWK) 0.6%, FirstService (FSV) 2.0%). On return on invested capital, FirstService (FSV) leads (Colliers International (CIGI) 6.8%, Cushman & Wakefield (CWK) 7.0%, FirstService (FSV) 10.0%).

Which stock has performed better?

Over the past year FirstService (FSV) returned the most: Colliers International (CIGI) -43.2%, Cushman & Wakefield (CWK) -25.0%, FirstService (FSV) -12.8%. Over five years, FirstService (FSV) compounded fastest (Colliers International (CIGI) -8.4%/yr, Cushman & Wakefield (CWK) -7.2%/yr, FirstService (FSV) -7.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

FirstService (FSV) has the highest dividend yield: Colliers International (CIGI) 0.32%, FirstService (FSV) 1.06%. Cushman & Wakefield (CWK) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, FirstService (FSV) has been the steadiest (Colliers International (CIGI) 37.6%, Cushman & Wakefield (CWK) 45.8%, FirstService (FSV) 30.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CIGI, CWK and FSV?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, FirstService (FSV) 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.