Cushman & Wakefield plc (CWK) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 2.75B | 2.84B | 2.67B | 2.64B | 2.6B | 2.69B | 2.65B | 2.59B | 2.46B | 2.8B | 2.62B | 2.62B | 2.51B | 2.77B | 2.4B | 2.76B | 2.67B | 2.83B | 3.08B | 2.85B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 600.6M | 784.2M | 634.4M | 618.2M | 623.2M | 793.3M | 775.4M | 567.3M | 553.5M | 767.7M | 588.2M | 502.3M | 459.6M | 644.5M | 380.8M | 476.7M | 611.9M | 770.7M | 1.19B | 1.07B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 52.57 | 46.57 | 49.94 | 49.49 | 52.39 | 51.3 | 56.2 | 57.01 | 70.01 | 62.76 | 68.69 | 64.24 | 70.16 | 61.46 | 67.45 | 64.53 | 67.53 | 53.35 | 59.94 | 58.13 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 700.2M | 543.4M | 208.4M | 229.9M | 674.4M | 544.7M | 154.8M | 235.1M | 176.6M | 151.5M | 211.5M | 266.6M | 202.9M | 183.5M | 193.8M | 189.2M | 196.7M | 193M | 203.2M | 188.2M |
| Total Non-Current Assets | 4.9B | 4.83B | 5.02B | 4.92B | 4.8B | 4.86B | 4.89B | 4.75B | 5.03B | 4.97B | 4.96B | 5.02B | 5.12B | 5.18B | 5.22B | 4.97B | 5.08B | 5.06B | 4.4B | 4.41B |
| Property, Plant & Equipment | 507.5M | 410.1M | 408.4M | 400.1M | 405.3M | 426.1M | 445.3M | 456M | 475.4M | 502.8M | 487.9M | 511.8M | 525.2M | 530.6M | 501.4M | 558.5M | 591.1M | 608.1M | 628.7M | 613.4M |
| Fixed Asset Turnover | 5.53x | 7.12x | 6.45x | 6.17x | 5.50x | 6.04x | 5.20x | 4.91x | 4.47x | 5.15x | 4.57x | 4.64x | 4.26x | 5.13x | 4.75x | 4.55x | 3.89x | 4.66x | 3.76x | 3.62x |
| Goodwill | 2.06B | 2.06B | 2.06B | 2.06B | 2.02B | 2B | 2.05B | 2.02B | 2.06B | 2.08B | 2.05B | 2.07B | 2.07B | 2.07B | 2.02B | 2.05B | 2.08B | 2.08B | 2.08B | 2.09B |
| Intangible Assets | 645.1M | 654.7M | 664.3M | 674.5M | 682.4M | 690.1M | 703.2M | 711.9M | 791.3M | 805.9M | 822.8M | 841M | 857.8M | 874.5M | 885.4M | 899M | 908.1M | 922.2M | 937.4M | 956.4M |
| Long-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 7.65B | 7.68B | 7.69B | 7.56B | 7.41B | 7.55B | 7.53B | 7.34B | 7.49B | 7.77B | 7.58B | 7.64B | 7.62B | 7.95B | 7.62B | 7.73B | 7.76B | 7.89B | 7.48B | 7.26B |
| Asset Turnover | 0.33x | 0.38x | 0.34x | 0.33x | 0.31x | 0.35x | 0.32x | 0.31x | 0.29x | 0.33x | 0.30x | 0.32x | 0.29x | 0.34x | 0.33x | 0.34x | 0.30x | 0.38x | 0.32x | 0.31x |
| Asset Growth % | 3.25% | 1.69% | 2.09% | 2.89% | -1.12% | -2.89% | -0.64% | -3.89% | -1.71% | -2.21% | -0.51% | -1.21% | -1.73% | 0.75% | 1.94% | 6.58% | 8.77% | 7.53% | 4.88% | 2.54% |
| Total Current Liabilities | 2.43B | 124.9M | 2.51B | 2.33B | 2.2B | 2.33B | 2.24B | 2.14B | 2.18B | 2.4B | 2.22B | 2.12B | 2.12B | 2.39B | 2.22B | 2.31B | 2.32B | 2.43B | 2.13B | 1.97B |
| Accounts Payable | 0 | 0 | 1.19B | 1.15B | 1.02B | 1.11B | 993.5M | 969.8M | 1.02B | 1.1B | 1.05B | 1.06B | 1.07B | 1.13B | 1.03B | 1.04B | 1.02B | 1.04B | 997.9M | 955.1M |
| Days Payables Outstanding | - | - | 49.47 | 48.3 | 50.48 | 46.06 | 47.24 | 48.41 | 52.78 | 47.67 | 51.49 | 48.89 | 51.84 | 45.92 | 46.42 | 45.28 | 50.01 | 42.18 | 48.56 | 49.83 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 2.3B | 0 | 1.11B | 939.6M | 1.07B | 1.1B | 351.2M | 324.3M | 301.5M | 177.8M | 298.5M | 333.5M | 259.9M | 180.5M | 293.4M | 338.3M | 411.5M | 260.9M | 277.7M | 240.9M |
| Current Ratio | 1.13x | 22.76x | 1.07x | 1.13x | 1.18x | 1.15x | 1.18x | 1.21x | 1.13x | 1.17x | 1.18x | 1.24x | 1.18x | 1.16x | 1.08x | 1.19x | 1.15x | 1.16x | 1.44x | 1.44x |
| Quick Ratio | 1.13x | 22.76x | 1.07x | 1.13x | 1.18x | 1.15x | 1.18x | 1.21x | 1.13x | 1.17x | 1.18x | 1.24x | 1.18x | 1.16x | 1.08x | 1.19x | 1.15x | 1.16x | 1.44x | 1.44x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 3.27B | 5.6B | 3.23B | 3.33B | 3.43B | 3.46B | 3.59B | 3.57B | 3.69B | 3.7B | 3.79B | 3.89B | 3.92B | 3.9B | 3.82B | 3.84B | 3.9B | 4.01B | 4.11B | 4.12B |
| Long-Term Debt | 369.2M | 2.87B | 2.72B | 2.82B | 2.87B | 2.92B | 3B | 2.96B | 3.07B | 3.08B | 3.08B | 3.18B | 3.2B | 3.2B | 3.18B | 3.19B | 3.21B | 3.29B | 3.32B | 3.33B |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 5.7B | 5.72B | 5.73B | 5.65B | 5.63B | 5.79B | 5.83B | 5.7B | 5.87B | 6.1B | 6.01B | 6.02B | 6.04B | 6.29B | 6.04B | 6.15B | 6.22B | 6.44B | 6.24B | 6.09B |
| Total Debt | 499M | 3.24B | 3.11B | 3.24B | 3.27B | 3.31B | 3.37B | 3.43B | 3.49B | 3.68B | 3.55B | 3.59B | 3.61B | 3.71B | 3.59B | 3.62B | 3.65B | 3.85B | 3.79B | 3.77B |
| Net Debt | -101.6M | 2.46B | 2.48B | 2.62B | 2.65B | 2.52B | 2.6B | 2.86B | 2.93B | 2.92B | 2.96B | 3.09B | 3.15B | 3.07B | 3.21B | 3.14B | 3.04B | 3.08B | 2.6B | 2.7B |
| Debt / Equity | 0.26x | 1.66x | 1.59x | 1.70x | 1.84x | 1.89x | 1.98x | 2.09x | 2.15x | 2.20x | 2.26x | 2.21x | 2.29x | 2.23x | 2.27x | 2.28x | 2.37x | 2.66x | 3.06x | 3.23x |
| Debt / EBITDA | 5.94x | 16.02x | 23.33x | 21.86x | 45.47x | 16.23x | 32.40x | 33.73x | 47.58x | 25.10x | 30.37x | 30.98x | 83.46x | 25.83x | 21.21x | 15.01x | 18.16x | 12.02x | 19.01x | 19.73x |
| Net Debt / EBITDA | -1.21x | 12.15x | 18.57x | 17.69x | 36.81x | 12.35x | 24.95x | 28.15x | 40.03x | 19.87x | 25.33x | 26.64x | 72.85x | 21.35x | 18.96x | 13.03x | 15.12x | 9.62x | 13.04x | 14.11x |
| Interest Coverage | 0.80x | 0.78x | 1.81x | 2.30x | 0.99x | 3.35x | 1.63x | 1.44x | 0.55x | 2.34x | 0.75x | 1.09x | -0.16x | 2.18x | 1.99x | 3.67x | 2.76x | 5.36x | 3.00x | 3.19x |
| Total Equity | 1.95B | 1.96B | 1.96B | 1.9B | 1.78B | 1.76B | 1.7B | 1.64B | 1.63B | 1.68B | 1.57B | 1.62B | 1.58B | 1.66B | 1.58B | 1.59B | 1.54B | 1.45B | 1.24B | 1.17B |
| Equity Growth % | 9.89% | 11.42% | 14.97% | 16.14% | 9.32% | 4.61% | 8.37% | 1.08% | 2.91% | 0.96% | -0.42% | 2.24% | 2.66% | 14.74% | 27.62% | 35.88% | 39% | 32.22% | 18.12% | 13.37% |
| Book Value per Share | 8.29 | 8.25 | 8.30 | 8.19 | 7.65 | 7.48 | 7.30 | 7.08 | 7.13 | 7.33 | 6.92 | 7.14 | 6.98 | 7.34 | 6.94 | 6.96 | 6.72 | 6.33 | 5.45 | 5.16 |
| Total Shareholders' Equity | 1.95B | 1.96B | 1.96B | 1.9B | 1.78B | 1.75B | 1.7B | 1.64B | 1.62B | 1.68B | 1.57B | 1.62B | 1.58B | 1.66B | 1.58B | 1.59B | 1.54B | 1.45B | 1.24B | 1.17B |
| Common Stock | 23.4M | 23.2M | 23.2M | 23.1M | 23.1M | 23M | 22.9M | 22.9M | 22.9M | 22.7M | 22.7M | 22.7M | 22.7M | 22.6M | 22.6M | 22.6M | 22.6M | 22.4M | 22.3M | 22.3M |
| Retained Earnings | -910.3M | -897.7M | -875.3M | -926.7M | -984M | -985.9M | -1.1B | -1.13B | -1.15B | -1.12B | -1.19B | -1.15B | -1.16B | -1.08B | -1.11B | -1.14B | -1.23B | -1.28B | -1.42B | -1.49B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -194.2M | -208.6M | -210.8M | -199.1M | -254.9M | -268.6M | -192.4M | -210.9M | -206.7M | -185.4M | -208.6M | -178M | -201.6M | -191M | -235.1M | -193.5M | -132.2M | -193M | -234.2M | -217.3M |
| Minority Interest | 400K | 500K | 500K | 600K | 500K | 500K | 600K | 600K | 600K | 600K | 500K | 600K | 500K | 800K | 700K | 800K | 800K | 800K | 800K | 900K |