Real Estate - Services
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NMRK vs CWK vs CBRE vs JLL
Revenue, margins, valuation, and 5-year total return — side by side.
Real Estate - Services
Real Estate - Services
Real Estate - Services
NMRK vs CWK vs CBRE vs JLL — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Real Estate - Services | Real Estate - Services | Real Estate - Services | Real Estate - Services |
| Market Cap | $3.01B | $3.40B | $41.79B | $14.76B |
| Revenue (TTM) | $3.29B | $10.29B | $42.17B | $26.76B |
| Net Income (TTM) | $126M | $88M | $1.31B | $896M |
| Gross Margin | 98.6% | 17.3% | 35.0% | 89.4% |
| Operating Margin | 7.1% | 4.4% | 3.8% | 4.6% |
| Forward P/E | 8.7x | 10.1x | 18.6x | 14.1x |
| Total Debt | $2.00B | $3.24B | $9.99B | $3.36B |
| Cash & Equiv. | $349M | $784M | $1.86B | $599M |
NMRK vs CWK vs CBRE vs JLL — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Newmark Group, Inc. (NMRK) | 100 | 384.2 | +284.2% |
| Cushman & Wakefield… (CWK) | 100 | 141.8 | +41.8% |
| CBRE Group, Inc. (CBRE) | 100 | 324.2 | +224.2% |
| Jones Lang LaSalle … (JLL) | 100 | 310.7 | +210.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NMRK vs CWK vs CBRE vs JLL
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NMRK carries the broadest edge in this set and is the clearest fit for growth exposure and valuation efficiency.
- Rev growth 21.9%, EPS growth 100.0%, 3Y rev CAGR 7.2%
- PEG 0.74 vs CBRE's 1.60
- 21.9% FFO/revenue growth vs CWK's 8.9%
- Lower P/E (8.7x vs 14.1x), PEG 0.74 vs 0.86
CWK lags the leaders in this set but could rank higher in a more targeted comparison.
CBRE is the #2 pick in this set and the best alternative if long-term compounding is your priority.
- 382.3% 10Y total return vs JLL's 181.1%
- Beta 1.12 vs CWK's 1.90, lower leverage
JLL is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 9 yrs, beta 1.26
- Lower volatility, beta 1.26, Low D/E 44.1%, current ratio 7.49x
- Beta 1.26, current ratio 7.49x
- 5.1% ROA vs CWK's 1.2%, ROIC 8.9% vs 7.9%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 21.9% FFO/revenue growth vs CWK's 8.9% | |
| Value | Lower P/E (8.7x vs 14.1x), PEG 0.74 vs 0.86 | |
| Quality / Margins | 3.8% margin vs CWK's 0.9% | |
| Stability / Safety | Beta 1.12 vs CWK's 1.90, lower leverage | |
| Dividends | 0.5% yield; the other 3 pay no meaningful dividend | |
| Momentum (1Y) | +47.9% vs CBRE's +13.2% | |
| Efficiency (ROA) | 5.1% ROA vs CWK's 1.2%, ROIC 8.9% vs 7.9% |
NMRK vs CWK vs CBRE vs JLL — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
NMRK vs CWK vs CBRE vs JLL — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
NMRK leads in 2 of 6 categories
JLL leads 2 • CWK leads 1 • CBRE leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
NMRK leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CBRE is the larger business by revenue, generating $42.2B annually — 12.8x NMRK's $3.3B. Profitability is closely matched — net margins range from 3.8% (NMRK) to 0.9% (CWK). On growth, CBRE holds the edge at +18.1% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $3.3B | $10.3B | $42.2B | $26.8B |
| EBITDAEarnings before interest/tax | $415M | $556M | $2.3B | $1.5B |
| Net IncomeAfter-tax profit | $126M | $88M | $1.3B | $896M |
| Free Cash FlowCash after capex | $155M | $307M | $897M | $971M |
| Gross MarginGross profit ÷ Revenue | +98.6% | +17.3% | +35.0% | +89.4% |
| Operating MarginEBIT ÷ Revenue | +7.1% | +4.4% | +3.8% | +4.6% |
| Net MarginNet income ÷ Revenue | +3.8% | +0.9% | +3.1% | +3.3% |
| FCF MarginFCF ÷ Revenue | +4.7% | +3.0% | +2.1% | +3.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +15.3% | +10.8% | +18.1% | +11.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +146.7% | -120.5% | +98.1% | +192.1% |
Valuation Metrics
CWK leads this category, winning 4 of 7 comparable metrics.
Valuation Metrics
At 19.4x trailing earnings, JLL trades at a 49% valuation discount to CWK's 38.2x P/E. Adjusting for growth (PEG ratio), JLL offers better value at 1.19x vs CBRE's 3.18x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $3.0B | $3.4B | $41.8B | $14.8B |
| Enterprise ValueMkt cap + debt − cash | $4.7B | $5.9B | $49.9B | $17.5B |
| Trailing P/EPrice ÷ TTM EPS | 24.01x | 38.24x | 37.03x | 19.40x |
| Forward P/EPrice ÷ next-FY EPS est. | 8.65x | 10.06x | 18.62x | 14.11x |
| PEG RatioP/E ÷ EPS growth rate | 2.04x | — | 3.18x | 1.19x |
| EV / EBITDAEnterprise value multiple | 11.23x | 10.42x | 24.23x | 12.29x |
| Price / SalesMarket cap ÷ Revenue | 0.90x | 0.33x | 1.03x | 0.57x |
| Price / BookPrice ÷ Book value/share | 2.36x | 1.74x | 4.45x | 2.02x |
| Price / FCFMarket cap ÷ FCF | 21.12x | 11.62x | 35.03x | 15.08x |
Profitability & Efficiency
JLL leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
CBRE delivers a 14.3% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $5 for CWK. JLL carries lower financial leverage with a 0.44x debt-to-equity ratio, signaling a more conservative balance sheet compared to CWK's 1.66x. On the Piotroski fundamental quality scale (0–9), JLL scores 8/9 vs CBRE's 6/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +7.8% | +4.6% | +14.3% | +12.1% |
| ROA (TTM)Return on assets | +2.4% | +1.2% | +4.5% | +5.1% |
| ROICReturn on invested capital | +5.2% | +7.9% | +6.2% | +8.9% |
| ROCEReturn on capital employed | +6.6% | +7.2% | +7.7% | +8.9% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 6 | 6 | 8 |
| Debt / EquityFinancial leverage | 1.14x | 1.66x | 1.04x | 0.44x |
| Net DebtTotal debt minus cash | $1.7B | $2.5B | $8.1B | $2.8B |
| Cash & Equiv.Liquid assets | $349M | $784M | $1.9B | $599M |
| Total DebtShort + long-term debt | $2.0B | $3.2B | $10.0B | $3.4B |
| Interest CoverageEBIT ÷ Interest expense | 7.20x | 1.53x | 8.15x | 10.15x |
Total Returns (Dividends Reinvested)
NMRK leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in JLL five years ago would be worth $16,924 today (with dividends reinvested), compared to $8,289 for CWK. Over the past 12 months, NMRK leads with a +47.9% total return vs CBRE's +13.2%. The 3-year compound annual growth rate (CAGR) favors NMRK at 41.8% vs CWK's 22.1% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | -3.6% | -8.3% | -11.0% | -5.3% |
| 1-Year ReturnPast 12 months | +47.9% | +45.2% | +13.2% | +36.6% |
| 3-Year ReturnCumulative with dividends | +185.3% | +82.1% | +91.2% | +134.7% |
| 5-Year ReturnCumulative with dividends | +55.9% | -17.1% | +67.8% | +69.2% |
| 10-Year ReturnCumulative with dividends | +26.5% | -18.4% | +382.3% | +181.1% |
| CAGR (3Y)Annualised 3-year return | +41.8% | +22.1% | +24.1% | +32.9% |
Risk & Volatility
Evenly matched — CBRE and JLL each lead in 1 of 2 comparable metrics.
Risk & Volatility
CBRE is the less volatile stock with a 1.12 beta — it tends to amplify market swings less than CWK's 1.90 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. JLL currently trades 87.6% from its 52-week high vs CBRE's 81.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.58x | 1.90x | 1.12x | 1.26x |
| 52-Week HighHighest price in past year | $19.84 | $17.40 | $174.27 | $363.06 |
| 52-Week LowLowest price in past year | $10.20 | $9.43 | $118.81 | $211.86 |
| % of 52W HighCurrent price vs 52-week peak | +82.3% | +83.5% | +81.8% | +87.6% |
| RSI (14)Momentum oscillator 0–100 | 49.1 | 51.2 | 42.3 | 42.2 |
| Avg Volume (50D)Average daily shares traded | 1.6M | 1.5M | 1.9M | 428K |
Analyst Outlook
JLL leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: NMRK as "Buy", CWK as "Hold", CBRE as "Buy", JLL as "Buy". Consensus price targets imply 29.4% upside for CWK (target: $19) vs 20.3% for JLL (target: $383). NMRK is the only dividend payer here at 0.52% yield — a key consideration for income-focused portfolios.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold | Buy | Buy |
| Price TargetConsensus 12-month target | $21.00 | $18.80 | $179.75 | $382.75 |
| # AnalystsCovering analysts | 11 | 16 | 20 | 12 |
| Dividend YieldAnnual dividend ÷ price | +0.5% | — | — | — |
| Dividend StreakConsecutive years of raises | 0 | — | 1 | 9 |
| Dividend / ShareAnnual DPS | $0.09 | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +4.2% | +0.3% | +2.3% | +1.4% |
NMRK leads in 2 of 6 categories (Income & Cash Flow, Total Returns). JLL leads in 2 (Profitability & Efficiency, Analyst Outlook). 1 tied.
NMRK vs CWK vs CBRE vs JLL: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is NMRK or CWK or CBRE or JLL a better buy right now?
For growth investors, Newmark Group, Inc.
(NMRK) is the stronger pick with 21. 9% revenue growth year-over-year, versus 8. 9% for Cushman & Wakefield plc (CWK). Jones Lang LaSalle Incorporated (JLL) offers the better valuation at 19. 4x trailing P/E (14. 1x forward), making it the more compelling value choice. Analysts rate Newmark Group, Inc. (NMRK) a "Buy" — based on 11 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — NMRK or CWK or CBRE or JLL?
On trailing P/E, Jones Lang LaSalle Incorporated (JLL) is the cheapest at 19.
4x versus Cushman & Wakefield plc at 38. 2x. On forward P/E, Newmark Group, Inc. is actually cheaper at 8. 7x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Newmark Group, Inc. wins at 0. 74x versus CBRE Group, Inc. 's 1. 60x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — NMRK or CWK or CBRE or JLL?
Over the past 5 years, Jones Lang LaSalle Incorporated (JLL) delivered a total return of +69.
2%, compared to -17. 1% for Cushman & Wakefield plc (CWK). Over 10 years, the gap is even starker: CBRE returned +382. 3% versus CWK's -18. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — NMRK or CWK or CBRE or JLL?
By beta (market sensitivity over 5 years), CBRE Group, Inc.
(CBRE) is the lower-risk stock at 1. 12β versus Cushman & Wakefield plc's 1. 90β — meaning CWK is approximately 69% more volatile than CBRE relative to the S&P 500. On balance sheet safety, Jones Lang LaSalle Incorporated (JLL) carries a lower debt/equity ratio of 44% versus 166% for Cushman & Wakefield plc — giving it more financial flexibility in a downturn.
05Which is growing faster — NMRK or CWK or CBRE or JLL?
By revenue growth (latest reported year), Newmark Group, Inc.
(NMRK) is pulling ahead at 21. 9% versus 8. 9% for Cushman & Wakefield plc (CWK). On earnings-per-share growth, the picture is similar: Newmark Group, Inc. grew EPS 100. 0% year-over-year, compared to -32. 1% for Cushman & Wakefield plc. Over a 3-year CAGR, CBRE leads at 9. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — NMRK or CWK or CBRE or JLL?
Newmark Group, Inc.
(NMRK) is the more profitable company, earning 3. 8% net margin versus 0. 9% for Cushman & Wakefield plc — meaning it keeps 3. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NMRK leads at 7. 0% versus 3. 2% for CBRE. At the gross margin level — before operating expenses — JLL leads at 99. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is NMRK or CWK or CBRE or JLL more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Newmark Group, Inc. (NMRK) is the more undervalued stock at a PEG of 0. 74x versus CBRE Group, Inc. 's 1. 60x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Newmark Group, Inc. (NMRK) trades at 8. 7x forward P/E versus 18. 6x for CBRE Group, Inc. — 10. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CWK: 29. 4% to $18. 80.
08Which pays a better dividend — NMRK or CWK or CBRE or JLL?
In this comparison, NMRK (0.
5% yield) pays a dividend. CWK, CBRE, JLL do not pay a meaningful dividend and should not be held primarily for income.
09Is NMRK or CWK or CBRE or JLL better for a retirement portfolio?
For long-horizon retirement investors, CBRE Group, Inc.
(CBRE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 12), +382. 3% 10Y return). Cushman & Wakefield plc (CWK) carries a higher beta of 1. 90 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (CBRE: +382. 3%, CWK: -18. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between NMRK and CWK and CBRE and JLL?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: NMRK is a small-cap high-growth stock; CWK is a small-cap quality compounder stock; CBRE is a mid-cap quality compounder stock; JLL is a mid-cap quality compounder stock. NMRK pays a dividend while CWK, CBRE, JLL do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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