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Cbre vs Cushman & Wakefield: revenue, profit, margins and growth compared

Cbre brought in $40.6B of revenue in fiscal 2025, Cushman & Wakefield $10.3B in fiscal 2025. Revenue changed by +13.4% at Cbre and +8.9% at Cushman & Wakefield on the year before, so Cbre grew faster. Cbre kept 2.9% of its revenue as net profit, Cushman & Wakefield 0.9%. Free cash flow was $1.2B at Cbre and $293M at Cushman & Wakefield.

Side by side, latest fiscal year

CBRECWK
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$40.6B$10.3B
Revenue growth+13.4%+8.9%
Net income$1.2B$88.2M
Net margin2.9%0.9%
Free cash flow$1.2B$293M
Free cash flow margin2.9%2.8%
Earnings per share (diluted)$3.85$0.38
Cash$1.9B$784.2M
Debt$5.1B$2.7B
Price to earnings35.032.0
Market value$39B$2.9B
Dividend yieldn/an/a
Rank by revenue in sector#16 of 444 · Finance#61 of 444 · Finance

Over the years

Revenue
CBRE FY2018: $21.3BCBRE FY2019: $23.9BCBRE FY2020: $23.8BCBRE FY2021: $27.7BCBRE FY2022: $30.8BCBRE FY2023: $31.9BCBRE FY2024: $35.8BCBRE FY2025: $40.6BCWK FY2018: $8.2BCWK FY2019: $8.8BCWK FY2020: $7.8BCWK FY2021: $9.4BCWK FY2022: $10.1BCWK FY2023: $9.5BCWK FY2024: $9.4BCWK FY2025: $10.3BFY18FY19FY20FY21FY22FY23FY24FY25
CBRE $40.6BCWK $10.3B
Net income
CBRE FY2018: $1.1BCBRE FY2019: $1.3BCBRE FY2020: $752MCBRE FY2021: $1.8BCBRE FY2022: $1.4BCBRE FY2023: $986MCBRE FY2024: $968MCBRE FY2025: $1.2BCWK FY2018: -$185.8MCWK FY2019: $200KCWK FY2020: -$220.5MCWK FY2021: $250MCWK FY2022: $196.4MCWK FY2023: -$35.4MCWK FY2024: $131.3MCWK FY2025: $88.2MFY18FY19FY20FY21FY22FY23FY24FY25
CBRE $1.2BCWK $88.2M
Net margin
CBRE FY2018: 5.0%CBRE FY2019: 5.4%CBRE FY2020: 3.2%CBRE FY2021: 6.6%CBRE FY2022: 4.6%CBRE FY2023: 3.1%CBRE FY2024: 2.7%CBRE FY2025: 2.9%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
CBRE 2.9%CWK 0.9%
Revenue growth
CBRE FY2019: +12.0%CBRE FY2020: -0.3%CBRE FY2021: +16.5%CBRE FY2022: +11.1%CBRE FY2023: +3.6%CBRE FY2024: +12.0%CBRE FY2025: +13.4%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
CBRE +13.4%CWK +8.9%
Free cash flow
CBRE FY2018: $903.4MCBRE FY2019: $929.9MCBRE FY2020: $1.6BCBRE FY2021: $2.2BCBRE FY2022: $1.4BCBRE FY2023: $175MCBRE FY2024: $1.4BCBRE FY2025: $1.2BCWK FY2018: -$86.4MCWK FY2019: $189MCWK FY2020: -$79.2MCWK FY2021: $495.7MCWK FY2022: -$1.6MCWK FY2023: $101.2MCWK FY2024: $167MCWK FY2025: $293MFY18FY19FY20FY21FY22FY23FY24FY25
CBRE $1.2BCWK $293M

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

Questions about Cbre and Cushman & Wakefield

Which is bigger by revenue, Cbre or Cushman & Wakefield?

Cbre is bigger by revenue: $40.6B in fiscal 2025, against $10.3B for Cushman & Wakefield in fiscal 2025.

Which keeps more of its revenue as profit, Cbre or Cushman & Wakefield?

Cbre had a net margin of 2.9% in fiscal 2025; Cushman & Wakefield had 0.9% in fiscal 2025.

Which grew revenue faster, Cbre or Cushman & Wakefield?

In their latest fiscal years revenue changed by +13.4% at Cbre 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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