CWK vs SPG vs CIGI Stock Comparison

Cushman & Wakefield, Simon Property and Colliers International Prices as of Oct 29, 2026 Peers: Industry group
CWK Cushman & Wakefield Ltd.
$13.11 +11.7% 1M -20.7% 1Y
Market cap
$3.11B
P/E
45.0x
Revenue (TTM)
$10.82B
Div. yield
–
Commercial Real Estate Services Real Estate
2 wins

Head to Head

11 decided of 12

Simon Property leads on 8 of the 12 questions below (Simon Property 8, Cushman & Wakefield 2, Colliers International 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCWKSPGCIGILeader
Larger companyMarket capitalisation $3.11B $70.61B $4.90B SPG
Cheaper on earningsLower P/E, profitable companies only 45.0x 15.1x 81.3x SPG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 8.6x 31.4x 12.2x CWK
Faster revenue growthRevenue growth, trailing twelve months +11.0% +10.9% +15.2% CIGI
More profitableNet margin, trailing twelve months 0.6% 70.5% 1.0% SPG
Better return on capitalReturn on invested capital 7.0% 15.6% 6.8% SPG
Less leveragedLower net debt / EBITDA 3.7x 5.7x 3.8x CWK
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -20.7% +24.2% -41.1% SPG
Better 5-year returnAnnualised price return, 5 years -6.5%/yr +8.0%/yr -8.0%/yr SPG
Less volatileAnnualised volatility, 1 year 45.9% 19.2% 37.7% SPG
Higher overall scoreMean of the five percentile scores vs peers 38/100 55/100 42/100 SPG

Percentile Scorecard

CWKSPGCIGI

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

AxisCWKSPGCIGI
Valuation 65 #7 of 18 22 #114 of 145 47 #10 of 18
Growth 27 #12 of 16 82 #26 of 143 47 #9 of 16
Profitability 40 #10 of 16 100 #1 of 136 67 #6 of 16
Financial Health 20 #13 of 16 26 #102 of 138 7 #15 of 16
Shareholder Returns – 46 #71 of 131 –
Overall 38 55 42
  • CWK ranked among 19 companies in Real Estate Services
  • SPG ranked among 149 companies in Property REITs
  • CIGI ranked among 19 companies in Real Estate Services

Price Performance

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

Returns

PeriodCWKSPGCIGISPY
1 month +11.7%+5.6%+6.7% +0.7%
3 months -4.9%-6.4%-3.3% +3.7%
6 months -6.6%+5.9%-8.1% +7.1%
Year to date -19.0%+16.5%-34.7% +12.8%
1 year -20.7%+24.2%-41.1% +11.9%
3 years +93.4%+104.8%+6.8% +85.2%
3 years, per year +24.6%+27.0%+2.2% +22.8%
5 years -28.7%+47.2%-33.9% +67.6%
5 years, per year -6.5%+8.0%-8.0% +10.9%
10 years —+18.0%+169.1% +262.0%
10 years, per year —+1.7%+10.4% +13.7%

Risk

MeasureCWKSPGCIGISPY
Volatility, 1Y 45.9%19.2%37.7% 12.7%
Downside volatility, 1Y 46.5%18.0%39.6% 12.6%
Beta vs S&P 500, 1Y 1.540.190.88 1.00
Return / volatility, 1Y -0.451.27-1.09 0.94
Max drawdown, 5Y -71.8%-48.8%-49.3% -25.4%
From 52-week high -23.8%-8.9%-41.1% -1.2%
52-week high $17.20$236.69$162.99 $779.14
52-week low $11.03$173.35$85.88 $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.

MultipleCWKSPGCIGI
P/E now vs peer median 44.5xmedian 21.0x 14.9xmedian 25.7x 81.0xmedian 21.0x
P/S now vs peer median 0.3xmedian 0.7x 11.1xmedian 4.1x 0.8xmedian 0.7x
EV/EBITDA now vs peer median 8.9xmedian 10.7x 20.9xmedian 14.3x 11.4xmedian 10.7x
P/FCF now vs peer median -374.9xmedian 13.5x 29.5xmedian 23.5x 11.7xmedian 13.5x
P/B now vs peer median 1.5xmedian 1.9x 12.2xmedian 1.3x 3.2xmedian 1.9x
PEG now vs peer median 0.56median 0.56 0.50median 1.86 1.72median 0.56

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 monthsCWKSPGCIGI
Revenue $10.82B $6.65B $5.96B
Gross profit $1.96B – $2.38B
Operating income $477.30M $3.21B $373.62M
Net income $69.10M $5.45B $211.66M
Free cash flow -$8.20M $2.51B $419.51M
EPS (diluted) $0.29 $14.43 $1.18
Cash & equivalents $500.50M $542.96M $265.19M
Total debt $2.66B $28.25B $2.69B
Shares (diluted) 236.30M 324.96M 51.08M
Enterprise value $589.62M $66.46B $3.97B

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
MetricCWKSPGCIGI
P/E 44.5x 14.9x 81.0x
P/FCF -374.9x 29.5x 11.7x
P/Operating cash flow 55.3x 17.9x 15.2x
P/S 0.3x 11.1x 0.8x
P/B 1.5x 12.2x 3.2x
P/Tangible book 2.2x 12.2x 68.7x
EV/EBITDA 8.9x 20.9x 11.4x
EV/EBIT 11.0x 31.7x 19.6x
EV/Revenue 0.5x 15.3x 1.2x
EV/FCF -638.0x 40.6x 17.5x
EV/Operating cash flow 94.1x 24.6x 22.7x
PEG (3Y EPS CAGR) 0.56 0.50 1.72

Growth

14 metrics
MetricCWKSPGCIGI
Revenue growth (1Y) 11.0% 10.9% 15.2%
Revenue CAGR (3Y) 3.3% 7.5% 10.8%
Gross profit growth (1Y) 8.2% – 14.8%
Gross profit CAGR (3Y) 4.5% – 11.2%
Operating income growth (1Y) 14.2% 4.0% 3.2%
Operating income CAGR (3Y) 22.3% 6.9% 9.4%
Net income growth (1Y) -66.4% 130.6% -5.4%
Net income CAGR (3Y) 81.0% 30.0% 14.6%
EPS growth (1Y) -67.0% 129.8% 5.3%
EPS CAGR (3Y) 79.4% 29.7% 47.0%
Operating cash flow growth (1Y) -65.0% 7.1% 14.1%
Operating cash flow CAGR (3Y) -0.9% 2.9% 4.6%
Free cash flow growth (1Y) -106.5% -3.4% 20.1%
Free cash flow CAGR (3Y) -35.8% -4.8% 4.6%

Profitability

14 metrics
MetricCWKSPGCIGI
Gross margin 18.1% – 40.0%
EBITDA margin 5.5% 73.3% 10.8%
Operating margin 4.4% 48.3% 6.3%
Pretax margin 0.9% 32.9% 5.0%
Net margin 0.6% 70.5% 1.0%
FCF margin -0.1% 37.7% 7.0%
Operating cash flow margin 0.5% 62.3% 5.4%
Return on equity 3.5% 87.0% 13.8%
Return on assets 0.9% 13.6% 3.9%
Return on invested capital 7.0% 15.6% 6.8%
Return on capital employed 9.2% – 10.2%
Asset turnover 1.4x 0.2x 1.1x
Cash conversion (OCF / net income) 0.8x 0.8x 1.5x
Stock comp / revenue 0.5% – 0.8%

Financial Health

11 metrics
MetricCWKSPGCIGI
Debt / assets 35.2% 71.3% 46.0%
Debt / equity 1.3x 4.7x 1.7x
Net debt / EBITDA 3.7x 5.7x 3.8x
Debt / FCF -324.2x 11.3x 6.4x
Liabilities / assets 73.2% 84.7% 73.5%
Equity / assets 26.8% 15.3% 26.5%
Interest coverage 2.2x 3.1x –
Current ratio 1.1x – 1.2x
Quick ratio 0.9x – 0.9x
Cash ratio 0.2x – 0.1x
Altman Z-score 1.85 – 1.96

Shareholder Returns

7 metrics
MetricCWKSPGCIGI
Dividend yield – 4.1% 0.3%
Net buyback yield – 0.2% –
Shareholder yield – 4.4% 0.3%
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.

ConsensusCWKSPGCIGI
Forward P/E 8.6xFY2026 31.4xFY2026 12.2xFY2026
EPS, next fiscal year $1.52FY2026 $6.87FY2026 $7.88FY2026
EPS growth, next FY +334.3%FY2026 -51.5%FY2026 +20.7%FY2026
EPS growth, the year after +12.5% +8.4% +0.1%
Revenue, next fiscal year $11.53BFY2026 $7.17BFY2026 $6.33BFY2026
Revenue growth, next FY +12.0%FY2026 +12.8%FY2026 +14.6%FY2026
Revenue growth, the year after +7.4% -8.0% +14.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCWKSPGCIGI
Held by institutions 96.0% 93.2% 71.7%
Institutions holding 311 1,359 189
Change in shares held, QoQ +6.0% +3.8% -3.8%
Institutions buying 171 680 92
Institutions selling 99 463 64
Buyers to sellers 1.73 1.47 1.44

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.

CWKSPGCIGI
CWK 1.00 0.37 0.68
SPG 0.37 1.00 0.28
CIGI 0.68 0.28 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CWK, SPG and CIGI?

Simon Property (SPG) is the largest by market capitalisation: Cushman & Wakefield (CWK) $3.11B, Simon Property (SPG) $70.61B, Colliers International (CIGI) $4.90B.

Which stock is cheaper, CWK, SPG and CIGI?

Simon Property (SPG) trades on the lowest price-to-earnings ratio (Cushman & Wakefield (CWK) 45.0x, Simon Property (SPG) 15.1x, Colliers International (CIGI) 81.3x). On next year's consensus earnings, Cushman & Wakefield (CWK) is cheapest (Cushman & Wakefield (CWK) 8.6x, Simon Property (SPG) 31.4x, Colliers International (CIGI) 12.2x). 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: Cushman & Wakefield (CWK) +11.0%, Simon Property (SPG) +10.9%, Colliers International (CIGI) +15.2%.

Which company is more profitable?

Simon Property (SPG) has the highest net margin (Cushman & Wakefield (CWK) 0.6%, Simon Property (SPG) 70.5%, Colliers International (CIGI) 1.0%). On return on invested capital, Simon Property (SPG) leads (Cushman & Wakefield (CWK) 7.0%, Simon Property (SPG) 15.6%, Colliers International (CIGI) 6.8%).

Which stock has performed better?

Over the past year Simon Property (SPG) returned the most: Cushman & Wakefield (CWK) -20.7%, Simon Property (SPG) +24.2%, Colliers International (CIGI) -41.1%. Over five years, Simon Property (SPG) compounded fastest (Cushman & Wakefield (CWK) -6.5%/yr, Simon Property (SPG) +8.0%/yr, Colliers International (CIGI) -8.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Cushman & Wakefield (CWK) 0.00%, Simon Property (SPG) 0.00%, Colliers International (CIGI) 0.00%. Cushman & Wakefield (CWK) and Simon Property (SPG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Simon Property (SPG) has been the steadiest (Cushman & Wakefield (CWK) 45.9%, Simon Property (SPG) 19.2%, Colliers International (CIGI) 37.7%). Volatility measures how widely the price swings, not the risk of the business.

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

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.