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Brookfield Property Partners vs Cushman & Wakefield: revenue, profit, margins and growth compared

Brookfield Property Partners brought in $7.1B of revenue in fiscal 2025, Cushman & Wakefield $10.3B in fiscal 2025. Revenue changed by -21.6% at Brookfield Property Partners and +8.9% at Cushman & Wakefield on the year before, so Cushman & Wakefield grew faster. Brookfield Property Partners kept -4.3% of its revenue as net profit, Cushman & Wakefield 0.9%. Free cash flow was -$1.4B at Brookfield Property Partners and $293M at Cushman & Wakefield.

Side by side, latest fiscal year

BPYPPCWK
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$7.1B$10.3B
Revenue growth-21.6%+8.9%
Net income-$305M$88.2M
Net margin-4.3%0.9%
Free cash flow-$1.4B$293M
Free cash flow margin-18.9%2.8%
Earnings per share (diluted)n/a$0.38
Cash$1.9B$784.2M
Debt$46.3B$2.7B
Price to earningsn/a32.0
Market value$18.6B$2.9B
Dividend yieldn/an/a
Rank by revenue in sector#77 of 444 · Finance#61 of 444 · Finance

Over the years

Revenue
BPYPP FY2018: $7.2BBPYPP FY2019: $8.2BBPYPP FY2020: $6.6BBPYPP FY2021: $7.1BBPYPP FY2022: $7.4BBPYPP FY2023: $9.5BBPYPP FY2024: $9.1BBPYPP FY2025: $7.1BCWK FY2018: $8.2BCWK FY2019: $8.8BCWK FY2020: $7.8BCWK FY2021: $9.4BCWK FY2022: $10.1BCWK FY2023: $9.5BCWK FY2024: $9.4BCWK FY2025: $10.3BFY18FY19FY20FY21FY22FY23FY24FY25
BPYPP $7.1BCWK $10.3B
Net income
BPYPP FY2018: $3.7BBPYPP FY2019: $3.2BBPYPP FY2020: -$2.1BBPYPP FY2021: $3.5BBPYPP FY2022: $996MBPYPP FY2023: -$1.8BBPYPP FY2024: -$2BBPYPP FY2025: -$305MCWK FY2018: -$185.8MCWK FY2019: $200KCWK FY2020: -$220.5MCWK FY2021: $250MCWK FY2022: $196.4MCWK FY2023: -$35.4MCWK FY2024: $131.3MCWK FY2025: $88.2MFY18FY19FY20FY21FY22FY23FY24FY25
BPYPP -$305MCWK $88.2M
Net margin
BPYPP FY2018: 50.5%BPYPP FY2019: 38.5%BPYPP FY2020: -31.2%BPYPP FY2021: 49.3%BPYPP FY2022: 13.5%BPYPP FY2023: -19.5%BPYPP FY2024: -21.9%BPYPP FY2025: -4.3%CWK FY2018: -2.3%CWK FY2019: 0.0%CWK FY2020: -2.8%CWK FY2021: 2.7%CWK FY2022: 1.9%CWK FY2023: -0.4%CWK FY2024: 1.4%CWK FY2025: 0.9%FY18FY19FY20FY21FY22FY23FY24FY25
BPYPP -4.3%CWK 0.9%
Revenue growth
BPYPP FY2019: +13.3%BPYPP FY2020: -19.6%BPYPP FY2021: +7.7%BPYPP FY2022: +3.7%BPYPP FY2023: +28.8%BPYPP FY2024: -3.9%BPYPP FY2025: -21.6%CWK FY2019: +6.5%CWK FY2020: -10.4%CWK FY2021: +19.7%CWK FY2022: +7.6%CWK FY2023: -6.1%CWK FY2024: -0.5%CWK FY2025: +8.9%FY19FY20FY21FY22FY23FY24FY25
BPYPP -21.6%CWK +8.9%
Free cash flow
BPYPP FY2018: $879MBPYPP FY2019: $252MBPYPP FY2020: $1.2BBPYPP FY2021: $450MBPYPP FY2022: -$260MBPYPP FY2023: -$1.2BBPYPP FY2024: $615MBPYPP FY2025: -$1.4BCWK FY2018: -$86.4MCWK FY2019: $189MCWK FY2020: -$79.2MCWK FY2021: $495.7MCWK FY2022: -$1.6MCWK FY2023: $101.2MCWK FY2024: $167MCWK FY2025: $293MFY18FY19FY20FY21FY22FY23FY24FY25
BPYPP -$1.4BCWK $293M

Fiscal years as each company reports them; the two may end in different months.

Questions about Brookfield Property Partners and Cushman & Wakefield

Which is bigger by revenue, Brookfield Property Partners or Cushman & Wakefield?

Cushman & Wakefield is bigger by revenue: $10.3B in fiscal 2025, against $7.1B for Brookfield Property Partners in fiscal 2025.

Which keeps more of its revenue as profit, Brookfield Property Partners or Cushman & Wakefield?

Brookfield Property Partners had a net margin of -4.3% in fiscal 2025; Cushman & Wakefield had 0.9% in fiscal 2025.

Which grew revenue faster, Brookfield Property Partners or Cushman & Wakefield?

In their latest fiscal years revenue changed by -21.6% at Brookfield Property Partners and +8.9% at Cushman & Wakefield.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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