Cushman & Wakefield (CWK)
Market Price (4/11/2026): $13.225 | Market Cap: $3.1 BilSector: Real Estate | Industry: Real Estate Services
Cushman & Wakefield (CWK)
Market Price (4/11/2026): $13.225Market Cap: $3.1 BilSector: Real EstateIndustry: Real Estate Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldFCF Yield is 9.6% Low stock price volatilityVol 12M is 45% Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, Sustainable & Green Buildings, and E-commerce Logistics & Data Centers. Themes include Building Management Systems, Show more. | Weak multi-year price returns2Y Excs Rtn is -7.4%, 3Y Excs Rtn is -35% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 72% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.8% Key risksCWK key risks include [1] a significant debt burden and indicators of financial distress, Show more. |
| Attractive yieldFCF Yield is 9.6% |
| Low stock price volatilityVol 12M is 45% |
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, Sustainable & Green Buildings, and E-commerce Logistics & Data Centers. Themes include Building Management Systems, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -7.4%, 3Y Excs Rtn is -35% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 72% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.8% |
| Key risksCWK key risks include [1] a significant debt burden and indicators of financial distress, Show more. |
Qualitative Assessment
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1. Cushman & Wakefield reported a significant net loss of $22.4 million in the fourth quarter of 2025, contrasting sharply with a net income of $112.9 million in the prior-year period. This substantial downturn in profitability was primarily due to a one-time other-than-temporary impairment loss of $177.0 million on its equity method investment in Cushman Wakefield Greystone LLC. The company's stock declined by 3.2% the day after this Q4 2025 earnings announcement on February 19, 2026.
2. Persistent weakness and distress in the commercial real estate office sector have heavily weighed on investor sentiment. The office Commercial Mortgage-Backed Securities (CMBS) delinquency rate reached an all-time high of 12.34% in January 2026, signaling ongoing stress within weaker office assets and impacting companies reliant on this segment.
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Stock Movement Drivers
Fundamental Drivers
The -18.3% change in CWK stock from 12/31/2025 to 4/10/2026 was primarily driven by a -61.6% change in the company's Net Income Margin (%).| (LTM values as of) | 12312025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.19 | 13.22 | -18.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10,004 | 10,288 | 2.8% |
| Net Income Margin (%) | 2.2% | 0.9% | -61.6% |
| P/E Multiple | 16.8 | 34.7 | 106.9% |
| Shares Outstanding (Mil) | 232 | 232 | 0.0% |
| Cumulative Contribution | -18.3% |
Market Drivers
12/31/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| CWK | -18.3% | |
| Market (SPY) | -5.4% | 53.6% |
| Sector (XLRE) | 6.1% | 25.1% |
Fundamental Drivers
The -17.0% change in CWK stock from 9/30/2025 to 4/10/2026 was primarily driven by a -59.4% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.92 | 13.22 | -17.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,742 | 10,288 | 5.6% |
| Net Income Margin (%) | 2.1% | 0.9% | -59.4% |
| P/E Multiple | 17.9 | 34.7 | 93.8% |
| Shares Outstanding (Mil) | 231 | 232 | 0.0% |
| Cumulative Contribution | -17.0% |
Market Drivers
9/30/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| CWK | -17.0% | |
| Market (SPY) | -2.9% | 49.9% |
| Sector (XLRE) | 2.7% | 33.2% |
Fundamental Drivers
The 29.4% change in CWK stock from 3/31/2025 to 4/10/2026 was primarily driven by a 94.2% change in the company's P/E Multiple.| (LTM values as of) | 3312025 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.22 | 13.22 | 29.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 9,446 | 10,288 | 8.9% |
| Net Income Margin (%) | 1.4% | 0.9% | -38.3% |
| P/E Multiple | 17.9 | 34.7 | 94.2% |
| Shares Outstanding (Mil) | 230 | 232 | -0.9% |
| Cumulative Contribution | 29.4% |
Market Drivers
3/31/2025 to 4/10/2026| Return | Correlation | |
|---|---|---|
| CWK | 29.4% | |
| Market (SPY) | 16.3% | 55.2% |
| Sector (XLRE) | 5.2% | 51.1% |
Fundamental Drivers
The 25.4% change in CWK stock from 3/31/2023 to 4/10/2026 was primarily driven by a 186.5% change in the company's P/E Multiple.| (LTM values as of) | 3312023 | 4102026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.54 | 13.22 | 25.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10,106 | 10,288 | 1.8% |
| Net Income Margin (%) | 1.9% | 0.9% | -55.9% |
| P/E Multiple | 12.1 | 34.7 | 186.5% |
| Shares Outstanding (Mil) | 226 | 232 | -2.5% |
| Cumulative Contribution | 25.4% |
Market Drivers
3/31/2023 to 4/10/2026| Return | Correlation | |
|---|---|---|
| CWK | 25.4% | |
| Market (SPY) | 63.3% | 49.5% |
| Sector (XLRE) | 26.2% | 57.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CWK Return | 50% | -44% | -13% | 21% | 24% | -19% | -11% |
| Peers Return | 83% | -39% | 29% | 18% | 15% | -11% | 74% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| CWK Win Rate | 58% | 42% | 42% | 42% | 58% | 50% | |
| Peers Win Rate | 68% | 32% | 55% | 62% | 53% | 45% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CWK Max Drawdown | -5% | -53% | -48% | -14% | -40% | -27% | |
| Peers Max Drawdown | -6% | -45% | -20% | -16% | -21% | -19% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CBRE, JLL, CIGI, NMRK, MMI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/10/2026 (YTD)
How Low Can It Go
| Event | CWK | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -71.8% | -25.4% |
| % Gain to Breakeven | 255.1% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -61.1% | -33.9% |
| % Gain to Breakeven | 156.9% | 51.3% |
| Time to Breakeven | 632 days | 148 days |
| 2018 Correction | ||
| % Loss | -29.2% | -19.8% |
| % Gain to Breakeven | 41.3% | 24.7% |
| Time to Breakeven | 121 days | 120 days |
Compare to CBRE, JLL, CIGI, NMRK, MMI
In The Past
Cushman & Wakefield's stock fell -71.8% during the 2022 Inflation Shock from a high on 2/16/2022. A -71.8% loss requires a 255.1% gain to breakeven.
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About Cushman & Wakefield (CWK)
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Here are 1-3 brief analogies for Cushman & Wakefield (CWK):
- Think of it as the Accenture or Deloitte for commercial real estate.
- It's like a global RE/MAX or Coldwell Banker, but exclusively for commercial properties and large corporate clients.
- You could also see them as a specialized investment bank and advisory firm, focused solely on commercial real estate financing and transactions.
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- Property Management: Provides comprehensive oversight of real estate assets, including financial, operational, and sustainability services.
- Facilities Management & Services: Delivers integrated management and self-performed operational services such as janitorial, maintenance, and critical environment management for properties.
- Leasing Services (Owner & Tenant Representation): Represents property owners and tenants in commercial real estate leasing negotiations and transactions.
- Capital Markets Services: Facilitates real estate investment sales, equity, and debt financing solutions for clients.
- Valuation & Advisory Services: Offers expert appraisals, valuations, and strategic advice for real estate debt, equity, and investment decisions.
- Strategic Consulting: Provides expert guidance on broad real estate strategies and portfolio optimization for owners and occupiers.
- Project & Development Services: Manages real estate development projects from planning and design through to completion.
- Transaction Management: Coordinates the overall processes for real estate acquisitions, dispositions, and leasing for clients.
- Portfolio Administration: Handles the administrative tasks and reporting associated with managing large real estate portfolios.
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Cushman & Wakefield (CWK) primarily sells its services to other companies rather than individuals. While the company serves a broad range of corporate clients globally, specific major customer company names are not disclosed in the provided information. However, its major customers can be categorized as follows:
- Real Estate Owners: These include institutional investors, property development companies, and other entities that own commercial real estate assets.
- Real Estate Occupiers / Tenants: This category encompasses businesses, including multi-national corporations, that lease and utilize commercial properties for their operations.
- Real Estate Investors: These are companies and funds involved in real estate purchase and sales transactions, as well as those seeking equity, debt, and structured financing solutions for their real estate investments.
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CoStar Group (CSGP)
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Michelle MacKay, Chief Executive Officer
Michelle MacKay was appointed Chief Executive Officer in July 2023, having previously served as President and Chief Operating Officer, and initially joining Cushman & Wakefield's Board of Directors in 2018. Before her tenure at Cushman & Wakefield, she served as Executive Vice President, Investments & Head of Capital Markets at iStar, Inc., a real estate investment trust (REIT). Her career also includes leadership roles at UBS as Executive Director, Commercial Real Estate; J.P. Morgan as Vice President, Fixed Income; and The Hartford Financial Services Group, Inc. (HIMCO) as Assistant Vice President, Real Estate and Fixed Income. Ms. MacKay is recognized for her ability to unlock value for real estate assets and companies and has served on three public company boards.
Neil Johnston, Global Chief Financial Officer
Neil Johnston joined Cushman & Wakefield as Executive Vice President and Chief Financial Officer in February 2021. With over 30 years of finance experience, he previously served as EVP and CFO of Presidio, an IT solutions provider. Prior to Presidio, Mr. Johnston spent two decades in various finance leadership positions at Cox Enterprises, a privately held global conglomerate, including EVP and CFO of Cox Automotive and EVP of Strategy and Digital Innovation of Cox Media Group (CMG), where he also served as CFO. His earlier career involved roles at Coca-Cola Enterprises and Deloitte.
Andrew McDonald, Global President & Chief Operating Officer
Andrew McDonald serves as Global President and Chief Operating Officer, responsible for overseeing all commercial service lines, geographic regions, and global Marketing, Communications & Research functions. He has held several senior leadership positions at Cushman & Wakefield, including President for the Americas and Asia Pacific regions, and Chief Executive Officer of the Americas region. Mr. McDonald began his professional career at ASIMCO, a Beijing-based private equity firm that was acquired by Bain Capital. In 1999, he joined Cushman Realty Corporation, which subsequently merged with Cushman & Wakefield in 2001.
Noelle Perkins, Executive Vice President, Chief Legal Officer & Corporate Secretary
Noelle Perkins holds the position of Executive Vice President, Chief Legal Officer & Corporate Secretary for Cushman & Wakefield.
Nathaniel Robinson, Executive Vice President, Chief Investment & Strategy Officer
Nathaniel Robinson is the Executive Vice President, Chief Investment & Strategy Officer at Cushman & Wakefield.
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Key Risks to Cushman & Wakefield (CWK)
Cushman & Wakefield (CWK) faces several key risks inherent to its operations in the commercial real estate (CRE) services industry. The most significant risks include the cyclical nature of the commercial real estate market, the company's notable indebtedness, and the highly competitive industry coupled with structural changes in real estate utilization.
1. Cyclical Nature of the Commercial Real Estate Market and Macroeconomic Conditions
Cushman & Wakefield's business performance is highly sensitive to the cyclical nature of the commercial real estate market and broader macroeconomic conditions. Economic downturns, fluctuations in interest rates, inflation, and geopolitical risks can significantly impact demand for real estate services, investment sales, leasing activity, and overall transaction volumes, thereby directly affecting the company's revenue and profitability. For instance, the company's 2025 outlook noted that despite a shift "from resilience to optimism," risks remain on both sides of the economic outlook.
2. Substantial Indebtedness
The company carries a notable amount of debt, which limits its financial flexibility and increases its vulnerability to economic downturns. Cushman & Wakefield's debt-to-equity ratio has been identified as high compared to the broader industry average, and its Altman Z-Score has placed it in the "distress zone," indicating a statistical risk of bankruptcy within two years. Although the company has been actively working on debt reduction, with significant prepayments made in 2025, the level of debt remains a primary financial risk.
3. Highly Competitive Industry and Structural Changes in Real Estate Utilization
Cushman & Wakefield operates within a fiercely competitive global commercial real estate services industry, contending with numerous large multinational firms as well as smaller regional players. To maintain market share, the company must continuously innovate and differentiate its services. Furthermore, the industry is experiencing structural changes, such as the increasing prevalence of hybrid working models, which are altering the utilization of commercial real estate and posing ongoing challenges for the company.
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The structural shift towards remote and hybrid work models represents a clear emerging threat to Cushman & Wakefield. This ongoing trend significantly reduces the demand for traditional office space, directly impacting CWK's core services related to office leasing, property management, project development, and capital markets activity for office assets globally. This shift is not merely cyclical but reflects a fundamental change in how companies utilize commercial real estate, potentially leading to sustained lower transaction volumes and asset valuations within the office sector.
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Cushman & Wakefield (CWK) operates within several large addressable markets for its commercial real estate services. The primary markets for their services, along with their estimated sizes and regions, are detailed below:
Commercial Real Estate Brokerage and Management Services
- The global commercial real estate brokerage and management market was valued at approximately USD 264.74 billion in 2023 and is projected to reach USD 494.96 billion by 2032. In 2024, this market reached USD 276.2 billion.
- In the United States, the commercial real estate brokerage industry recorded combined annual revenue of approximately USD 112 billion, as of December 2025. The market size for Real Estate Sales & Brokerage in the US was USD 238.5 billion in 2024 and is projected to be USD 240.0 billion in 2025.
Facilities Management Services
- The global facility management services market was valued at USD 1.75 trillion in 2024 and is projected to grow to USD 2.33 trillion by 2033. Another estimate places the global market at USD 1,367.96 billion in 2025, projected to reach USD 2,750.87 billion by 2034.
- The United States facility management market was valued at USD 315.78 billion in 2024 and is expected to reach USD 442.89 billion by 2030. It was valued at USD 376.51 billion in 2026 and is projected to reach USD 434.16 billion by 2031.
Commercial Real Estate Investment/Capital Markets
- The size of the professionally managed global real estate investment market was USD 12.5 trillion in 2024.
- For the United States, the total transaction volume for commercial real estate reached USD 560.2 billion for the full year 2025. The U.S. investable commercial real estate universe was estimated at approximately USD 19 trillion as of September 2025.
Real Estate Valuation and Advisory Services
- The global real estate valuation service market is projected to reach USD 9.2 billion in 2026 and grow to USD 13.1 billion by 2035. The real estate advisory service market globally was valued at USD 27.25 billion in 2024 and is projected to reach USD 29.44 billion in 2025. It is expected to grow to USD 31.76 billion in 2026.
- The Real Estate Appraisal industry in the United States is estimated at USD 10.3 billion in 2026. The US real estate appraisal market was expected to be worth US$9.27 billion in 2023.
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Cushman & Wakefield (symbol: CWK) is expected to experience future revenue growth over the next 2-3 years driven by several key factors: * Continued Strength in Capital Markets: Cushman & Wakefield has reported a fifth consecutive quarter of double-digit year-over-year Capital Markets revenue growth in Q4 2025, a trend expected to continue. This growth is supported by healthy commercial real estate end markets, solid demand across all major asset classes, and improved pricing and liquidity. * Sustained Growth in Services Revenue: The company has seen continued momentum in its Services revenue, which includes integrated facilities management, project and development, and property management services. This segment grew 8% (6% in local currency) in Q4 2025, with particular strength in project management in EMEA and APAC. * Recovery and Growth in Leasing Activities: Leasing revenue increased by 6% (5% in local currency) in Q4 2025, driven by strong performance in the Americas and EMEA. This is further supported by positive growth across all regions, including strength in office and industrial sectors, a higher deal count, and increased revenue per lease, with expectations of strengthening leasing demand fueled by economic growth. * Healthy Commercial Real Estate End Markets: The commercial real estate environment is characterized by solid demand across all major asset classes, coupled with improved pricing and liquidity. This fundamental health of the overall real estate market provides a positive backdrop for all of Cushman & Wakefield's service lines and is a key underlying driver for future revenue.AI Analysis | Feedback
Share Repurchases
- Cushman & Wakefield announced a share repurchase program in September 2022, authorizing the repurchase of up to $300 million worth of its shares.
- As of the Q4 2025 earnings call, management indicated a future openness to share buybacks after achieving deleveraging targets.
Outbound Investments
- In the fourth quarter of 2025, Cushman & Wakefield recognized a one-time, non-cash impairment loss of $177.0 million related to its equity method investment in the Greystone Joint Venture.
- The company is strategically investing in AI-driven tools across various business lines to enhance integration, drive cross-selling, and create operating leverage.
- Cushman & Wakefield expanded its global capital markets platform by onboarding over 45 new institutional capital markets advisors in key markets.
Capital Expenditures
- Capital expenditures are accounted for as "Payment for property and equipment" in the investing activities section of the Consolidated Statements of Cash Flows when calculating free cash flow.
- Cushman & Wakefield is balancing its organic growth investments, which include capital expenditures, with its deleveraging targets.
- The adjusted EBITDA margin saw a slight contraction in Q4 2025, attributed to increased investments for future growth.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Can Cushman & Wakefield Stock Hold Up When Markets Turn? | 10/17/2025 | |
| CWK Dip Buy Analysis | 07/10/2025 | |
| Cushman & Wakefield (CWK) Valuation Ratios Comparison | 05/15/2025 | |
| Cushman & Wakefield Total Shareholder Return (TSR): 21.1% in 2024 and -16.2% 3-yr compounded annual returns (below peer average) | 03/07/2025 | |
| Time To Buy Cushman & Wakefield Stock? | 02/28/2025 | |
| Fundamental Metrics: ... | 06/19/2024 | |
| ARTICLES | ||
| Small Cap Stocks Trading At 52-Week High | 01/16/2026 |
Trade Ideas
Select ideas related to CWK.
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| 03272026 | SBAC | SBA Communications | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.0% | 3.0% | 0.0% |
| 03132026 | HIW | Highwoods Properties | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -0.2% | -0.2% | -4.1% |
| 03062026 | ARE | Alexandria Real Estate Equities | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -7.1% | -7.1% | -7.8% |
| 03062026 | VNO | Vornado Realty Trust | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -3.5% | -3.5% | -8.3% |
| 02272026 | KRC | Kilroy Realty | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -3.6% | -3.6% | -5.4% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 68.67 |
| Mkt Cap | 4.4 |
| Rev LTM | 7,923 |
| Op Inc LTM | 430 |
| FCF LTM | 272 |
| FCF 3Y Avg | 192 |
| CFO LTM | 335 |
| CFO 3Y Avg | 254 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 12.4% |
| Rev Chg 3Y Avg | 7.7% |
| Rev Chg Q | 11.3% |
| QoQ Delta Rev Chg LTM | 3.0% |
| Op Mgn LTM | 4.5% |
| Op Mgn 3Y Avg | 3.8% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 4.9% |
| CFO/Rev 3Y Avg | 2.9% |
| FCF/Rev LTM | 4.0% |
| FCF/Rev 3Y Avg | 2.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.4 |
| P/S | 0.9 |
| P/EBIT | 13.7 |
| P/E | 28.2 |
| P/CFO | 15.6 |
| Total Yield | 2.8% |
| Dividend Yield | 0.1% |
| FCF Yield 3Y Avg | 2.5% |
| D/E | 0.3 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 7.3% |
| 3M Rtn | -13.3% |
| 6M Rtn | -7.8% |
| 12M Rtn | 34.5% |
| 3Y Rtn | 68.1% |
| 1M Excs Rtn | 6.7% |
| 3M Excs Rtn | -12.2% |
| 6M Excs Rtn | -9.4% |
| 12M Excs Rtn | -0.3% |
| 3Y Excs Rtn | -1.1% |
Price Behavior
| Market Price | $13.22 | |
| Market Cap ($ Bil) | 3.1 | |
| First Trading Date | 08/02/2018 | |
| Distance from 52W High | -23.1% | |
| 50 Days | 200 Days | |
| DMA Price | $13.32 | $14.62 |
| DMA Trend | up | down |
| Distance from DMA | -0.8% | -9.6% |
| 3M | 1YR | |
| Volatility | 58.7% | 44.0% |
| Downside Capture | 1.56 | 0.91 |
| Upside Capture | 286.58 | 188.03 |
| Correlation (SPY) | 51.8% | 56.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.47 | 2.56 | 2.45 | 1.84 | 1.34 | 1.47 |
| Up Beta | 1.55 | 2.81 | 3.18 | 2.71 | 0.96 | 1.21 |
| Down Beta | -0.14 | -0.10 | 0.94 | 0.99 | 1.34 | 1.34 |
| Up Capture | 235% | 362% | 311% | 195% | 257% | 472% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 10 | 19 | 29 | 57 | 123 | 364 |
| Down Capture | 186% | 296% | 264% | 184% | 140% | 111% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 12 | 23 | 34 | 65 | 122 | 376 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CWK | |
|---|---|---|---|---|
| CWK | 63.2% | 44.8% | 1.23 | - |
| Sector ETF (XLRE) | 18.8% | 15.1% | 0.93 | 46.7% |
| Equity (SPY) | 31.2% | 17.3% | 1.47 | 51.9% |
| Gold (GLD) | 60.1% | 27.8% | 1.69 | 1.8% |
| Commodities (DBC) | 29.8% | 16.6% | 1.58 | 2.9% |
| Real Estate (VNQ) | 21.3% | 15.2% | 1.07 | 52.7% |
| Bitcoin (BTCUSD) | -5.7% | 43.7% | -0.01 | 25.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CWK | |
|---|---|---|---|---|
| CWK | -4.5% | 42.3% | 0.02 | - |
| Sector ETF (XLRE) | 4.5% | 19.0% | 0.14 | 57.7% |
| Equity (SPY) | 11.1% | 17.0% | 0.50 | 55.4% |
| Gold (GLD) | 22.1% | 17.8% | 1.02 | 9.7% |
| Commodities (DBC) | 11.8% | 18.8% | 0.52 | 11.8% |
| Real Estate (VNQ) | 3.7% | 18.8% | 0.10 | 61.7% |
| Bitcoin (BTCUSD) | 4.0% | 56.5% | 0.29 | 20.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CWK | |
|---|---|---|---|---|
| CWK | -2.9% | 47.4% | 0.10 | - |
| Sector ETF (XLRE) | 6.4% | 20.4% | 0.27 | 56.4% |
| Equity (SPY) | 13.8% | 17.9% | 0.66 | 57.0% |
| Gold (GLD) | 14.2% | 15.9% | 0.74 | 3.3% |
| Commodities (DBC) | 8.6% | 17.6% | 0.41 | 21.0% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.22 | 61.7% |
| Bitcoin (BTCUSD) | 67.4% | 66.9% | 1.07 | 17.4% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/19/2026 | -3.2% | 1.5% | -10.5% |
| 10/30/2025 | -2.1% | -6.2% | 0.6% |
| 8/5/2025 | 8.7% | 9.6% | 24.7% |
| 2/20/2025 | -6.0% | -7.8% | -18.8% |
| 11/4/2024 | 15.4% | 14.8% | 15.1% |
| 7/29/2024 | -3.6% | -10.3% | -2.3% |
| 2/20/2024 | -10.2% | -11.8% | -11.0% |
| 10/30/2023 | 8.7% | 19.5% | 22.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 10 | 11 |
| # Negative | 13 | 12 | 11 |
| Median Positive | 4.2% | 6.1% | 15.1% |
| Median Negative | -3.6% | -7.0% | -10.3% |
| Max Positive | 15.4% | 19.5% | 24.7% |
| Max Negative | -10.7% | -17.7% | -26.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 04/29/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 02/21/2024 | 10-K |
| 09/30/2023 | 10/31/2023 | 10-Q |
| 06/30/2023 | 08/01/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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