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Cushman & Wakefield vs Millrose Properties: CWK and MRP compared
Cushman & Wakefield is the larger company: $2.8B of revenue in its latest quarter (Q3 2026) against $211M for Millrose Properties (Q3 2026). Millrose Properties is growing faster (+18% against +8% a year earlier). Millrose Properties is more profitable, with an operating margin of 85.5% against 4.6%.
Where the money goes: CWK and MRP
Cushman & Wakefield (CWK) · Q3 2026
Cushman & Wakefield, Q3 2026: revenue $2.8B (+8% year over year), operating margin 4.6%, net earnings $52.1M, operating cash flow $214M. The chart follows the revenue to costs, profit and cash.
Millrose Properties (MRP) · Q3 2026
Millrose Properties, Q3 2026: revenue $211M (+18% year over year), operating margin 85.5%, net earnings $130M, operating cash flow $875M. The chart follows the revenue to costs, profit and cash.
| Cushman & Wakefield (CWK) | Millrose Properties (MRP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.8B | $211M |
| Revenue growth, Y/Y | +8% | +18% |
| Operating margin | 4.6% | 85.5% |
| Net earnings | $52.1M | $130M |
| Net margin | 1.9% | 61.6% |
| Operating cash flow | $214M | $875M |
| Free cash flow | $176M | — |
| Market value | $3.4B | — |
| P/E | 48.8× | — |
| Analysts’ mean target | $16.36 | — |
Where the revenue comes from
Cushman & Wakefield
- Americas: $2.1B (73%)
- APAC: $484M (17%)
- EMEA: $270M (10%)
Questions
Which is bigger, Cushman & Wakefield or Millrose Properties?
Cushman & Wakefield is the larger company: $2.8B of revenue in its latest quarter (Q3 2026) against $211M for Millrose Properties (Q3 2026).
Is Cushman & Wakefield or Millrose Properties growing faster?
Millrose Properties is growing faster (+18% against +8% a year earlier).
Which is more profitable, Cushman & Wakefield or Millrose Properties?
Millrose Properties is more profitable, with an operating margin of 85.5% against 4.6%.
More: Cushman & Wakefield earnings · how Cushman & Wakefield makes money · Millrose Properties earnings · how Millrose Properties makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.