8-K Announcements
6May 15, 2026·SEC
May 14, 2026·SEC
May 7, 2026·SEC
Cushman & Wakefield plc (CWK) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Cushman & Wakefield plc (CWK) stock price & volume — 10-year historical chart
Cushman & Wakefield plc (CWK) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Cushman & Wakefield plc (CWK) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.15vs $0.13+15.4% | $2.5Bvs $1.5B+64.5% |
| Q1 2026 | Feb 19, 2026 | $0.10vs $0.53-118.5% | $2.0Bvs $2.0B+1.4% |
| Q4 2025 | Oct 30, 2025 | $0.29vs $0.28+3.6% | $2.6Bvs $2.8B-7.6% |
| Q3 2025 | Aug 5, 2025 | $0.30vs $0.22+36.4% | $2.5Bvs $2.5B+0.6% |
Cushman & Wakefield plc (CWK) competitors in Commercial real estate brokerage and advisory — business model, growth, and fundamentals comparison
Cushman & Wakefield plc (CWK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Cushman & Wakefield plc (CWK) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 6.92B | 8.22B | 8.75B | 7.84B | 9.39B | 10.11B | 9.49B | 9.45B | 10.29B | 10.54B |
Revenue Growth % | 11.39% | 18.72% | 6.46% | -10.37% | 19.7% | 7.64% | -6.06% | -0.5% | 8.91% | 10.4% |
Property Operating Expenses | 5.64B | 6.64B | 6.98B | 6.46B | 7.45B | 8.15B | 7.84B | 7.72B | 8.62B | 8.78B |
Net Operating Income (NOI) | 1.28B▲ 0% | 1.58B▲ 22.8% | 1.77B▲ 12.2% | 1.39B▼ 21.5% | 1.94B▲ 39.8% | 1.95B▲ 0.6% | 1.65B▼ 15.4% | 1.73B▲ 4.5% | 1.67B▼ 3.2% | 1.76B▲ 0% |
NOI Margin % | 18.55% | 19.19% | 20.22% | 17.7% | 20.67% | 19.32% | 17.4% | 18.27% | 16.25% | 16.73% |
Operating Expenses | 1.43B | 1.56B | 1.58B | 1.44B | 1.44B | 1.42B | 1.45B | 1.39B | 1.21B | 1.3B |
G&A Expenses | 1.16B | 1.27B | 1.28B | 1.12B | 1.23B | 1.26B | 1.26B | 1.22B | 1.32B | 1.01B |
EBITDA | 6.9B | 8.22B | 601.9M | 328.7M | 773.3M | 784.2M | 449M | 461.1M | 562.8M | 568M |
EBITDA Margin % | 99.71% | 100% | 6.88% | 4.19% | 8.24% | 7.76% | 4.73% | 4.88% | 5.47% | 5.39% |
Depreciation & Amortization | 7.07B | 8.21B | 414.6M | 381.8M | 276.3M | 249.1M | 243.4M | 122.2M | 104.2M | 102.8M |
D&A / Revenue % | 102.16% | 99.84% | 4.74% | 4.87% | 2.94% | 2.46% | 2.56% | 1.29% | 1.01% | 0.98% |
Operating Income | -170.2M▲ 0% | 12.6M▲ 107.4% | 187.3M▲ 1386.5% | -53.1M▼ 128.4% | 497M▲ 1036.0% | 535.1M▲ 7.7% | 205.6M▼ 61.6% | 338.9M▲ 64.8% | 458.6M▲ 35.3% | 465.2M▲ 0% |
Operating Margin % | -2.46% | 0.15% | 2.14% | -0.68% | 5.29% | 5.3% | 2.17% | 3.59% | 4.46% | 4.41% |
Interest Expense | 183.1M | 228.8M | 150.6M | 163.8M | 179.5M | 193.1M | 281.1M | 229.9M | 216.2M | 4M |
Interest Coverage | -0.78x | 0.06x | 1.29x | 0.02x | 2.89x | 2.75x | 0.89x | 1.69x | 1.53x | - |
Non-Operating Income | -28.5M | -1.5M | -7.7M | -57.1M | -22.4M | 4M | -45.5M | -49.6M | 128.2M | 159.8M |
Pretax Income | -340.9M▲ 0% | -210.8M▲ 38.2% | 42.8M▲ 120.3% | -176.6M▼ 512.6% | 339.9M▲ 292.5% | 338M▼ 0.6% | -30M▼ 108.9% | 175.8M▲ 686.0% | 114.2M▼ 35.0% | 99.6M▲ 0% |
Pretax Margin % | -4.92% | -2.56% | 0.49% | -2.25% | 3.62% | 3.34% | -0.32% | 1.86% | 1.11% | 0.95% |
Income Tax | -120.4M | -25M | 42.6M | 43.9M | 89.9M | 141.6M | 5.4M | 44.5M | 26M | 25.9M |
Effective Tax Rate % | 35.32% | 11.86% | 99.53% | -24.86% | 26.45% | 41.89% | -18% | 25.31% | 22.77% | 26% |
Net Income | -220.5M▲ 0% | -185.8M▲ 15.7% | 200K▲ 100.1% | -220.5M▼ 110350.0% | 250M▲ 213.4% | 196.4M▼ 21.4% | -35.4M▼ 118.0% | 131.3M▲ 470.9% | 88.2M▼ 32.8% | 73.7M▲ 0% |
Net Margin % | -3.18% | -2.26% | 0% | -2.81% | 2.66% | 1.94% | -0.37% | 1.39% | 0.86% | 0.7% |
Net Income Growth % | 49.22% | 15.74% | 100.11% | -110350% | 213.38% | -21.44% | -118.02% | 470.9% | -32.83% | -54.51% |
Funds From Operations (FFO) | 6.85B▲ 0% | 8.02B▲ 17.0% | 414.8M▼ 94.8% | 161.3M▼ 61.1% | 526.3M▲ 226.3% | 445.5M▼ 15.4% | 208M▼ 53.3% | 253.5M▲ 21.9% | 192.4M▼ 24.1% | 176.5M▲ 0% |
FFO Margin % | 98.98% | 97.58% | 4.74% | 2.06% | 5.61% | 4.41% | 2.19% | 2.68% | 1.87% | 1.67% |
FFO Growth % | 13.1% | 17.04% | -94.83% | -61.11% | 226.29% | -15.35% | -53.31% | 21.88% | -24.1% | -43.3% |
FFO per Share | 37.81 | 46.85 | 1.85 | 0.73 | 2.32 | 1.95 | 0.92 | 1.09 | 0.82 | 0.75 |
FFO Payout Ratio % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
EPS (Diluted) | -1.22▲ 0% | -1.09▲ 10.7% | 0.00▲ 100.1% | -1.00▼ 111211.1% | 1.10▲ 210.0% | 0.86▼ 21.8% | -0.16▼ 118.6% | 0.56▲ 450.0% | 0.38▼ 32.1% | 0.31▲ 0% |
EPS Growth % | 49.17% | 10.66% | 100.08% | - | 210% | -21.82% | -118.6% | 450% | -32.14% | -53.12% |
EPS (Basic) | -1.22 | -1.09 | 0.00 | -1.00 | 1.12 | 0.87 | -0.16 | 0.57 | 0.38 | - |
Diluted Shares Outstanding | 181.27M | 171.2M | 224.5M | 220.8M | 226.5M | 228M | 226.9M | 232.8M | 234.7M | 235.5M |
Cushman & Wakefield plc (CWK) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 5.8B | 6.55B | 7.16B | 7.34B | 7.89B | 7.95B | 7.77B | 7.55B | 7.68B | 7.65B |
Asset Growth % | 2.04% | 12.9% | 9.43% | 2.44% | 7.53% | 0.75% | -2.21% | -2.89% | 1.69% | 9.92% |
Real Estate & Other Assets | 432.8M | 489.5M | 685.7M | 533.6M | 741.1M | 976M | 805.8M | 927.6M | 1.02B | 941.9M |
PP&E (Net) | 304.3M | 313.8M | 490.7M | 674.1M | 592.4M | 527.7M | 502.8M | 426.1M | 410.1M | 507.5M |
Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Total Current Assets | 1.91B | 2.74B | 2.86B | 2.89B | 2.83B | 2.77B | 2.8B | 2.69B | 2.84B | 2.75B |
Cash & Equivalents | 405.6M | 895.3M | 813.2M | 1.07B | 770.7M | 644.5M | 767.7M | 793.3M | 784.2M | 600.6M |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Current Assets | 0 | 0 | 131.5M | 169.7M | 0 | 246.3M | 189.4M | 544.7M | 543.4M | 700.2M |
Intangible Assets | 1.31B | 1.13B | 1.06B | 991.2M | 937.9M | 877.4M | 805.9M | 690.1M | 654.7M | 645.1M |
Total Liabilities | 5.29B | 5.19B | 5.86B | 6.24B | 6.44B | 6.29B | 6.1B | 5.79B | 5.72B | 5.7B |
Total Debt | 2.84B | 2.68B | 3.12B | 3.96B | 3.66B | 3.6B | 3.57B | 3.31B | 3.24B | 499M |
Net Debt | 2.44B | 1.79B | 2.3B | 2.88B | 2.89B | 2.95B | 2.8B | 2.52B | 2.46B | -101.6M |
Long-Term Debt | 2.78B | 2.64B | 2.62B | 3.39B | 3.22B | 3.21B | 3.1B | 2.92B | 2.87B | 369.2M |
Short-Term Borrowings | 59.5M | 39.9M | 39.3M | 29.7M | 42.4M | 49.8M | 149.7M | 103.2M | 124.9M | 129.8M |
Capital Lease Obligations | 0 | 19.5M | 457.1M | 539.1M | 394.6M | 334.6M | 319.6M | 286.3M | 246.6M | 753.8M |
Total Current Liabilities | 1.97B | 2.04B | 2.32B | 2.07B | 2.43B | 2.39B | 2.4B | 2.33B | 124.9M | 2.43B |
Accounts Payable | 724.8M | 980.9M | 1.15B | 1.01B | 1.11B | 1.2B | 1.16B | 1.11B | 0 | 0 |
Deferred Revenue | 900.5M | 43.2M | 948.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | 386.9M | 347.1M | 352.1M | 371.6M | 343.5M | 293.3M | 268.6M | 241.4M | 2.46B | 2.86B |
Total Equity | 2.88B▲ 0% | 3.08B▲ 6.9% | 3.55B▲ 15.2% | 1.1B▼ 69.1% | 1.45B▲ 32.2% | 1.66B▲ 14.7% | 1.68B▲ 1.0% | 1.76B▲ 4.6% | 1.96B▲ 11.4% | 1.95B▲ 0% |
Equity Growth % | 1.92% | 6.92% | 15.17% | -69.1% | 32.22% | 14.74% | 0.96% | 4.61% | 11.42% | 52.42% |
Shareholders Equity | 503.9M | 1.36B | 1.3B | 1.09B | 1.45B | 1.66B | 1.68B | 1.75B | 1.96B | 1.95B |
Minority Interest | 2.38B | 1.72B | 2.24B | 900K | 800K | 800K | 600K | 500K | 500K | 400K |
Common Stock | 1.45B | 21.7M | 22M | 22.2M | 22.4M | 22.6M | 22.7M | 23M | 23.2M | 23.4M |
Additional Paid-in Capital | 283.8M | 2.79B | 2.82B | 2.84B | 2.9B | 2.91B | 2.96B | 2.99B | 3.04B | 0 |
Retained Earnings | -1.17B | -1.3B | -1.3B | -1.53B | -1.28B | -1.08B | -1.12B | -985.9M | -897.7M | -910.3M |
Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Return on Assets (ROA) | -3.84% | -3.01% | 0% | -3.04% | 3.28% | 2.48% | -0.45% | 1.71% | 1.16% | 0.96% |
Return on Equity (ROE) | -7.73% | -6.24% | 0.01% | -9.5% | 19.65% | 12.63% | -2.12% | 7.65% | 4.75% | 3.79% |
Debt / Assets | 49.04% | 41% | 43.51% | 53.96% | 46.35% | 45.24% | 45.87% | 43.89% | 42.25% | 6.52% |
Debt / Equity | 0.99x | 0.87x | 0.88x | 3.61x | 2.52x | 2.16x | 2.13x | 1.89x | 1.66x | 0.26x |
Net Debt / EBITDA | 0.35x | 0.22x | 3.83x | 8.78x | 3.73x | 3.76x | 6.23x | 5.46x | 4.37x | -0.18x |
Book Value per Share | 15.88 | 17.98 | 15.79 | 4.96 | 6.40 | 7.29 | 7.40 | 7.54 | 8.33 | 8.29 |
Cushman & Wakefield plc (CWK) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 4.4M | -2.2M | 269.3M | -38.2M | 549.5M | 49.1M | 152.2M | 208M | 340.4M | 258.9M |
Operating CF Growth % | 101.31% | -150% | 12340.91% | -114.18% | 1538.48% | -91.06% | 209.98% | 36.66% | 63.65% | 37.17% |
Operating CF / Revenue % | 0.06% | -0.03% | 3.08% | -0.49% | 5.85% | 0.49% | 1.6% | 2.2% | 3.31% | 2.46% |
Net Income | -220.5M | -185.8M | 200K | -220.5M | 250M | 196.4M | -35.4M | 131.3M | 88.2M | 73.7M |
Depreciation & Amortization | 270.6M | 290M | 414.6M | 381.8M | 276.3M | 249.1M | 243.4M | 122.2M | 104.2M | 108.6M |
Stock-Based Compensation | 51.4M | 81.9M | 61.3M | 42M | 58.2M | 40.3M | 54.1M | 35.6M | 58.2M | 44.4M |
Other Non-Cash Items | 10.1M | 92.1M | 18.7M | -9M | 57.1M | 87.5M | 65M | 85.6M | 245.5M | 65M |
Working Capital Changes | 62.9M | -221.5M | -175.7M | -250.3M | -35.8M | -538.8M | -124.5M | -138.6M | -110.7M | 107.7M |
Cash from Investing | -143.2M | -218M | -274.9M | -257.8M | -749.5M | -120.7M | 48.9M | 81.2M | -21.1M | 52.4M |
Acquisitions (Net) | -99.9M | -35.5M | -275.9M | -108.7M | -7M | -32.8M | 0 | 0 | 6.6M | 11.5M |
Purchase of Investments | 0 | -8.7M | -4.5M | -14.6M | -688.9M | -26.4M | -6.9M | -1.7M | -8.9M | -2M |
Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 225M |
Other Investing | 85.8M | -89.6M | 85.8M | -93.5M | 200K | -10.8M | 106.8M | 82.9M | 28.6M | -136.4M |
Cash from Financing | 167.7M | 725.9M | -89.6M | 571.9M | -65.8M | -79.3M | -120.8M | -253.4M | -350.5M | -337.3M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Common Dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debt Issuance (Net) | 1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -3M |
Share Repurchases | -4.5M | -15.2M | -31.8M | -18.9M | -8.6M | -27.2M | -8.1M | -10.4M | -11.2M | -23.2M |
Other Financing | -10.5M | -71.3M | -19.3M | -25.2M | -17.1M | -8.1M | -78.5M | -14.4M | -13.2M | -19.4M |
Net Change in Cash | 43.1M▲ 0% | 497.5M▲ 1054.3% | -93.1M▼ 118.7% | 291.8M▲ 413.4% | -273.8M▼ 193.8% | -171.3M▲ 37.4% | 82.2M▲ 148.0% | 13.4M▼ 83.7% | -11.1M▼ 182.8% | -39.6M▲ 0% |
Exchange Rate Effect | 14.2M | -8.2M | 2.1M | 15.9M | -8M | -20.4M | 1.9M | -22.4M | 20.1M | -13.6M |
Cash at Beginning | 424.8M | 467.9M | 965.4M | 872.3M | 1.16B | 890.3M | 719M | 801.2M | 814.6M | 803.5M |
Cash at End | 467.9M | 965.4M | 872.3M | 1.16B | 890.3M | 719M | 801.2M | 814.6M | 803.5M | 600.6M |
Free Cash Flow | -124.7M▲ 0% | -86.4M▲ 30.7% | 189M▲ 318.8% | -79.2M▼ 141.9% | 495.7M▲ 725.9% | -1.6M▼ 100.3% | 101.2M▲ 6425.0% | 167M▲ 65.0% | 293M▲ 75.4% | 217.8M▲ 0% |
FCF Growth % | 69.76% | 30.71% | 318.75% | -141.9% | 725.88% | -100.32% | 6425% | 65.02% | 75.45% | 60.15% |
FCF / Revenue % | -1.8% | -1.05% | 2.16% | -1.01% | 5.28% | -0.02% | 1.07% | 1.77% | 2.85% | 2.07% |
Cushman & Wakefield plc (CWK) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
FFO per Share | 37.81 | 46.85 | 1.85 | 0.73 | 2.32 | 1.95 | 0.92 | 1.09 | 0.82 | 0.75 |
FFO Payout Ratio | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
NOI Margin | 18.55% | 19.19% | 20.22% | 17.7% | 20.67% | 19.32% | 17.4% | 18.27% | 16.25% | 16.73% |
Net Debt / EBITDA | 0.35x | 0.22x | 3.83x | 8.78x | 3.73x | 3.76x | 6.23x | 5.46x | 4.37x | -0.18x |
Debt / Assets | 49.04% | 41% | 43.51% | 53.96% | 46.35% | 45.24% | 45.87% | 43.89% | 42.25% | 6.52% |
Interest Coverage | -0.78x | 0.06x | 1.29x | 0.02x | 2.89x | 2.75x | 0.89x | 1.69x | 1.53x | - |
Book Value / Share | 15.88 | 17.98 | 15.79 | 4.96 | 6.4 | 7.29 | 7.4 | 7.54 | 8.33 | 8.29 |
Revenue Growth | 11.39% | 18.72% | 6.46% | -10.37% | 19.7% | 7.64% | -6.06% | -0.5% | 8.91% | 10.4% |
Cushman & Wakefield plc (CWK) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 15, 2026·SEC
May 14, 2026·SEC
May 7, 2026·SEC
Cushman & Wakefield plc (CWK) stock FAQ — growth, dividends, profitability & financials explained
Cushman & Wakefield plc (CWK) reported $10.54B in revenue for fiscal year 2025. This represents a 70% increase from $6.22B in 2016.
Cushman & Wakefield plc (CWK) grew revenue by 8.9% over the past year. This is steady growth.
Yes, Cushman & Wakefield plc (CWK) is profitable, generating $73.7M in net income for fiscal year 2025 (0.9% net margin).
Cushman & Wakefield plc (CWK) has a return on equity (ROE) of 4.8%. This is below average, suggesting room for improvement.
Cushman & Wakefield plc (CWK) generated Funds From Operations (FFO) of $176.5M in the trailing twelve months. FFO is the primary profitability metric for REITs.