CWK vs PLD vs SPG Stock Comparison

Cushman & Wakefield, Prologis and Simon Property 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
3 wins
PLD Prologis, Inc.
$125.28 -5.4% 1M -0.3% 1Y
Market cap
$119.08B
P/E
27.8x
Revenue (TTM)
$9.36B
Div. yield
3.37%
Industrial REITs Real Estate
1 win

Head to Head

12 decided of 12

Simon Property leads on 8 of the 12 questions below (Simon Property 8, Cushman & Wakefield 3, Prologis 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCWKPLDSPGLeader
Larger companyMarket capitalisation $2.96B $119.08B $72.47B PLD
Cheaper on earningsLower P/E, profitable companies only 42.8x 27.8x 14.6x SPG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 8.3x 35.2x 30.7x CWK
Faster revenue growthRevenue growth, trailing twelve months +11.0% +7.2% +10.9% CWK
More profitableNet margin, trailing twelve months 0.6% 45.4% 70.5% SPG
Better return on capitalReturn on invested capital 7.0% 5.0% 15.6% SPG
Less leveragedLower net debt / EBITDA 3.7x 4.3x 5.7x CWK
Higher dividend yieldTrailing dividend yield — 3.37% 4.21% SPG
Better 1-year returnPrice return, last 12 months -25.0% -0.3% +19.5% SPG
Better 5-year returnAnnualised price return, 5 years -7.2%/yr -2.9%/yr +7.6%/yr SPG
Less volatileAnnualised volatility, 1 year 45.8% 20.5% 19.1% SPG
Higher overall scoreMean of the five percentile scores vs peers 38/100 50/100 56/100 SPG

Percentile Scorecard

CWKPLDSPG

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

AxisCWKPLDSPG
Valuation 65 #7 of 18 9 #132 of 145 23 #112 of 145
Growth 27 #12 of 16 65 #51 of 142 84 #24 of 142
Profitability 40 #10 of 16 77 #32 of 135 100 #1 of 135
Financial Health 19 #14 of 17 87 #19 of 136 28 #98 of 136
Shareholder Returns – 13 #114 of 131 47 #70 of 131
Overall 38 50 56
  • CWK ranked among 19 companies in Real Estate Services
  • PLD ranked among 149 companies in Property REITs
  • SPG ranked among 149 companies in Property REITs

Price Performance

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

Returns

PeriodCWKPLDSPGSPY
1 month +6.4%-5.4%+3.3% +0.9%
3 months -6.6%-13.9%-10.4% +5.9%
6 months -9.5%-9.8%+5.6% +8.5%
Year to date -22.0%-1.9%+14.1% +13.3%
1 year -25.0%-0.3%+19.5% +12.4%
3 years +89.1%+28.7%+102.1% +88.1%
3 years, per year +23.7%+8.8%+26.4% +23.5%
5 years -31.3%-13.6%+44.1% +68.2%
5 years, per year -7.2%-2.9%+7.6% +11.0%
10 years —+145.3%+15.5% +263.4%
10 years, per year —+9.4%+1.5% +13.8%

Risk

MeasureCWKPLDSPGSPY
Volatility, 1Y 45.8%20.5%19.1% 12.7%
Downside volatility, 1Y 46.4%20.7%18.1% 12.7%
Beta vs S&P 500, 1Y 1.550.390.20 1.00
Return / volatility, 1Y -0.55-0.021.02 0.98
Max drawdown, 5Y -71.8%-48.1%-48.8% -25.4%
From 52-week high -26.6%-16.4%-10.8% -0.9%
52-week high $17.20$149.92$236.69 $779.14
52-week low $11.03$122.40$173.35 $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.

MultipleCWKPLDSPG
P/E now vs peer median 42.8xmedian 20.9x 27.8xmedian 25.8x 14.6xmedian 25.8x
P/S now vs peer median 0.3xmedian 0.7x 12.7xmedian 4.0x 10.9xmedian 4.0x
EV/EBITDA now vs peer median 8.7xmedian 9.8x 19.2xmedian 14.2x 20.5xmedian 14.2x
P/FCF now vs peer median -361.2xmedian 13.1x -162.6xmedian 23.0x 28.9xmedian 23.0x
P/B now vs peer median 1.5xmedian 1.8x 2.0xmedian 1.3x 11.9xmedian 1.3x
PEG now vs peer median 0.54median 0.54 2.40median 1.91 0.49median 1.91

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 monthsCWKPLDSPG
Revenue $10.82B $9.36B $6.65B
Gross profit $1.96B – –
Operating income $477.30M $5.13B $3.21B
Net income $69.10M $4.53B $5.45B
Free cash flow -$8.20M -$732.42M $2.51B
EPS (diluted) $0.29 $4.39 $14.43
Cash & equivalents $500.50M $2.27B $542.96M
Total debt $2.66B $36.83B $28.25B
Shares (diluted) 236.30M 968.51M 324.96M
Enterprise value $442.42M $117.47B $69.53B

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
MetricCWKPLDSPG
P/E 42.8x 27.8x 14.6x
P/FCF -361.2x -162.6x 28.9x
P/Operating cash flow 53.3x 21.5x 17.5x
P/S 0.3x 12.7x 10.9x
P/B 1.5x 2.0x 11.9x
P/Tangible book 2.1x 2.0x 11.9x
EV/EBITDA 8.7x 19.2x 20.5x
EV/EBIT 10.7x 29.9x 31.2x
EV/Revenue 0.5x 16.4x 15.1x
EV/FCF -624.3x -209.8x 39.9x
EV/Operating cash flow 92.1x 27.7x 24.2x
PEG (3Y EPS CAGR) 0.54 2.40 0.49

Growth

14 metrics
MetricCWKPLDSPG
Revenue growth (1Y) 11.0% 7.2% 10.9%
Revenue CAGR (3Y) 3.3% 5.9% 7.5%
Gross profit growth (1Y) 8.2% – –
Gross profit CAGR (3Y) 4.5% – –
Operating income growth (1Y) 14.2% 23.6% 4.0%
Operating income CAGR (3Y) 22.3% 11.7% 6.9%
Net income growth (1Y) -66.4% 32.3% 130.6%
Net income CAGR (3Y) 81.0% 12.3% 30.0%
EPS growth (1Y) -67.0% 31.3% 129.8%
EPS CAGR (3Y) 79.4% 11.6% 29.7%
Operating cash flow growth (1Y) -65.0% 7.0% 7.1%
Operating cash flow CAGR (3Y) -0.9% -0.2% 2.9%
Free cash flow growth (1Y) -106.5% -124.9% -3.4%
Free cash flow CAGR (3Y) -35.8% 32.0% -4.8%

Profitability

14 metrics
MetricCWKPLDSPG
Gross margin 18.1% – –
EBITDA margin 5.5% 85.6% 73.3%
Operating margin 4.4% 54.8% 48.3%
Pretax margin 0.9% 52.0% 32.9%
Net margin 0.6% 45.4% 70.5%
FCF margin -0.1% -7.8% 37.7%
Operating cash flow margin 0.5% 59.3% 62.3%
Return on equity 3.5% 7.6% 87.0%
Return on assets 0.9% 4.4% 13.6%
Return on invested capital 7.0% 5.0% 15.6%
Return on capital employed 9.2% – –
Asset turnover 1.4x 0.1x 0.2x
Cash conversion (OCF / net income) 0.8x 1.2x 0.8x
Stock comp / revenue 0.5% 2.2% –

Financial Health

11 metrics
MetricCWKPLDSPG
Debt / assets 35.2% 35.5% 71.3%
Debt / equity 1.3x 0.6x 4.7x
Net debt / EBITDA 3.7x 4.3x 5.7x
Debt / FCF -324.2x -50.3x 11.3x
Liabilities / assets 73.2% 41.9% 84.7%
Equity / assets 26.8% 58.1% 15.3%
Interest coverage 2.2x 4.8x 3.1x
Current ratio 1.1x – –
Quick ratio 0.9x – –
Cash ratio 0.2x – –
Altman Z-score 1.83 – –

Shareholder Returns

7 metrics
MetricCWKPLDSPG
Dividend yield – 3.4% 4.2%
Net buyback yield – – 0.2%
Shareholder yield – 3.4% 4.5%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusCWKPLDSPG
Forward P/E 8.3xFY2026 35.2xFY2026 30.7xFY2026
EPS, next fiscal year $1.52FY2026 $3.56FY2026 $6.87FY2026
EPS growth, next FY +334.3%FY2026 0.0%FY2026 -51.5%FY2026
EPS growth, the year after +12.5% +2.0% +8.4%
Revenue, next fiscal year $11.53BFY2026 $8.99BFY2026 $7.17BFY2026
Revenue growth, next FY +12.0%FY2026 +10.2%FY2026 +12.8%FY2026
Revenue growth, the year after +7.4% +1.3% -8.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCWKPLDSPG
Held by institutions 96.0% 94.5% 93.2%
Institutions holding 310 1,724 1,358
Change in shares held, QoQ +6.0% +1.5% +3.8%
Institutions buying 170 968 679
Institutions selling 99 531 463
Buyers to sellers 1.72 1.82 1.47

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.

CWKPLDSPG
CWK 1.00 0.33 0.36
PLD 0.33 1.00 0.53
SPG 0.36 0.53 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CWK, PLD and SPG?

Prologis (PLD) is the largest by market capitalisation: Cushman & Wakefield (CWK) $2.96B, Prologis (PLD) $119.08B, Simon Property (SPG) $72.47B.

Which stock is cheaper, CWK, PLD and SPG?

Simon Property (SPG) trades on the lowest price-to-earnings ratio (Cushman & Wakefield (CWK) 42.8x, Prologis (PLD) 27.8x, Simon Property (SPG) 14.6x). On next year's consensus earnings, Cushman & Wakefield (CWK) is cheapest (Cushman & Wakefield (CWK) 8.3x, Prologis (PLD) 35.2x, Simon Property (SPG) 30.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Cushman & Wakefield (CWK) grew revenue fastest over the trailing twelve months: Cushman & Wakefield (CWK) +11.0%, Prologis (PLD) +7.2%, Simon Property (SPG) +10.9%.

Which company is more profitable?

Simon Property (SPG) has the highest net margin (Cushman & Wakefield (CWK) 0.6%, Prologis (PLD) 45.4%, Simon Property (SPG) 70.5%). On return on invested capital, Simon Property (SPG) leads (Cushman & Wakefield (CWK) 7.0%, Prologis (PLD) 5.0%, Simon Property (SPG) 15.6%).

Which stock has performed better?

Over the past year Simon Property (SPG) returned the most: Cushman & Wakefield (CWK) -25.0%, Prologis (PLD) -0.3%, Simon Property (SPG) +19.5%. Over five years, Simon Property (SPG) compounded fastest (Cushman & Wakefield (CWK) -7.2%/yr, Prologis (PLD) -2.9%/yr, Simon Property (SPG) +7.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Simon Property (SPG) has the highest dividend yield: Prologis (PLD) 3.37%, Simon Property (SPG) 4.21%. Cushman & Wakefield (CWK) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Simon Property (SPG) has been the steadiest (Cushman & Wakefield (CWK) 45.8%, Prologis (PLD) 20.5%, Simon Property (SPG) 19.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CWK, PLD and SPG?

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