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

Cushman & Wakefield brought in $10.3B of revenue in fiscal 2025, Millrose Properties $600.5M in fiscal 2025. Cushman & Wakefield kept 0.9% of its revenue as net profit, Millrose Properties 63.3%.

Side by side, latest fiscal year

CWKMRP
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$10.3B$600.5M
Revenue growth+8.9%n/a
Net income$88.2M$379.9M
Net margin0.9%63.3%
Free cash flow$293Mn/a
Free cash flow margin2.8%n/a
Earnings per share (diluted)$0.38$2.44
Cash$784.2M$35M
Debt$2.7Bn/a
Price to earnings32.011.1
Market value$2.9B$4.5B
Dividend yieldn/a9.38%
Rank by revenue in sector#61 of 444 · Finance#229 of 444 · Finance

Over the years

Revenue
CWK FY2018: $8.2BCWK FY2019: $8.8BCWK FY2020: $7.8BCWK FY2021: $9.4BCWK FY2022: $10.1BCWK FY2023: $9.5BCWK FY2024: $9.4BCWK FY2025: $10.3BMRP FY2025: $600.5MFY18FY19FY20FY21FY22FY23FY24FY25
CWK $10.3BMRP $600.5M
Net income
CWK FY2018: -$185.8MCWK FY2019: $200KCWK FY2020: -$220.5MCWK FY2021: $250MCWK FY2022: $196.4MCWK FY2023: -$35.4MCWK FY2024: $131.3MCWK FY2025: $88.2MMRP FY2023: -$209.8MMRP FY2025: -$246.2MMRP FY2025: $379.9MFY18FY19FY20FY21FY22FY23FY24FY25
CWK $88.2MMRP $379.9M
Net margin
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%MRP FY2025: 63.3%FY18FY19FY20FY21FY22FY23FY24FY25
CWK 0.9%MRP 63.3%
Revenue growth
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
CWK +8.9%MRP
Free cash flow
CWK FY2018: -$86.4MCWK FY2019: $189MCWK FY2020: -$79.2MCWK FY2021: $495.7MCWK FY2022: -$1.6MCWK FY2023: $101.2MCWK FY2024: $167MCWK FY2025: $293MFY18FY19FY20FY21FY22FY23FY24FY25
CWK $293MMRP

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

Questions about Cushman & Wakefield and Millrose Properties

Which is bigger by revenue, Cushman & Wakefield or Millrose Properties?

Cushman & Wakefield is bigger by revenue: $10.3B in fiscal 2025, against $600.5M for Millrose Properties in fiscal 2025.

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

Cushman & Wakefield had a net margin of 0.9% in fiscal 2025; Millrose Properties had 63.3% in fiscal 2025.

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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