Last 34 quarters of trend data · Real Estate · Real Estate - Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has expanded 13.6% YoY to 7.8x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 38.24 | — | 18.09 | 11.07 | 311.59 | 6.81 | 24.34 | 44.60 | — | 9.00 | — | 90.89 | — |
| — | — | -25.7% | -75.2% | — | -24.3% | — | -50.9% | — | -62.4% | — | +925.8% | — | |
| P/S Ratio | 0.33 | 0.33 | 0.36 | 0.26 | 0.26 | 0.29 | 0.34 | 0.26 | 0.27 | 0.24 | 0.19 | 0.19 | 0.26 |
| — | +12.8% | +6.2% | -1.6% | -4.8% | +20.5% | +79.2% | +36.3% | +2.9% | -9.2% | -26.9% | -41.9% | -47.4% | |
| P/B Ratio | 1.74 | 1.96 | 1.92 | 1.35 | 1.34 | 1.75 | 1.87 | 1.47 | 1.47 | 1.47 | 1.10 | 1.15 | 1.51 |
| — | +12.2% | +2.7% | -8.0% | -8.9% | +18.7% | +69.6% | +28.2% | -2.8% | -13.2% | -33.3% | -47.7% | -50.6% | |
| P/FCF | 11.62 | 4.09 | 4.17 | 45.29 | — | 7.24 | 4.26 | 60.19 | — | 3.32 | 2.49 | — | — |
| — | -43.5% | -2.0% | -24.7% | — | +118.2% | +71.2% | — | — | +11.7% | -85.6% | — | — | |
| EV / EBITDA | 10.42 | 7.78 | 11.69 | 8.76 | 17.45 | 6.85 | 13.88 | 12.96 | 18.14 | 9.18 | 10.04 | 10.67 | 31.98 |
| — | +13.6% | -15.8% | -32.4% | -3.8% | -25.4% | +38.3% | +21.5% | -43.3% | -10.4% | +16.8% | +55.5% | +232.2% | |
| EV / EBIT | 12.78 | 36.95 | 15.41 | 10.64 | 24.25 | 7.52 | 16.18 | 15.00 | 41.29 | 10.10 | 17.56 | 19.52 | — |
| — | +391.6% | -4.8% | -29.1% | -41.3% | -25.6% | -7.9% | -23.2% | — | -20.3% | +21.5% | +99.6% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Cushman & Wakefield plc's operating margin was 6.1% in Q4 2025, up 1.9 pp QoQ and down 0.6 pp YoY. The trailing four-quarter average of 4.3% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 10.6% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.2% | 18.0% | 16.4% | 17.8% | 16.8% | 20.1% | 18.4% | 18.1% | 16.1% | 18.8% | 17.7% | 17.8% | 15.2% |
| — | -10.6% | -10.9% | -1.7% | +4.3% | +7.2% | +4.4% | +1.5% | +6.1% | +2.5% | -3.9% | -13.2% | -24.7% | |
| Operating Margin | 4.5% | 6.1% | 4.1% | 4.9% | 2.0% | 6.6% | 3.2% | 3.1% | 0.9% | 4.3% | 2.5% | 2.3% | -0.8% |
| — | -8.5% | +28.6% | +59.8% | +130.4% | +54.0% | +27.3% | +31.5% | +205.8% | +2.7% | -43.5% | -65.4% | -114.0% | |
| Net Margin | 0.9% | -0.8% | 2.0% | 2.3% | 0.1% | 4.3% | 1.4% | 0.6% | -1.3% | 2.7% | -1.5% | 0.2% | -3.4% |
| — | -117.9% | +37.2% | +291.0% | +106.3% | +57.0% | +196.9% | +178.3% | +61.2% | +142.9% | -256.0% | -94.3% | -274.0% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.8% | -1.1% | 2.7% | 3.1% | 0.1% | 6.5% | 2.0% | 0.8% | -1.7% | 4.3% | -2.1% | 0.3% | -4.7% |
| — | -117.5% | +32.0% | +276.5% | +106.2% | +52.0% | +195.0% | +159.6% | +63.0% | +133.6% | -240.6% | -94.9% | -254.7% | |
| ROA | 1.2% | -0.3% | 0.7% | 0.8% | 0.0% | 1.5% | 0.5% | 0.2% | -0.4% | 0.9% | -0.4% | 0.1% | -1.0% |
| — | -119.5% | +48.8% | +320.8% | +106.7% | +64.7% | +201.7% | +172.5% | +61.6% | +137.5% | -243.1% | -94.7% | -268.7% | |
| ROIC | 7.9% | 3.0% | 1.8% | 2.0% | 0.8% | 3.1% | 1.3% | 1.2% | 0.3% | 1.8% | 0.9% | 0.9% | -0.3% |
| — | -1.7% | +40.4% | +75.4% | +153.4% | +68.8% | +37.1% | +30.3% | +206.2% | +3.2% | -47.1% | -68.6% | -113.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Cushman & Wakefield plc's Debt/EBITDA ratio is 16.0x, down from 23.3x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 1871.3% YoY to 22.76x, strengthening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.66 | 1.66 | 1.59 | 1.70 | 1.84 | 1.89 | 1.98 | 2.09 | 2.15 | 2.20 | 2.26 | 2.21 | 2.29 |
| — | -12.1% | -19.8% | -18.6% | -14.1% | -14.0% | -12.3% | -5.5% | -6.2% | -1.8% | -0.7% | -3.0% | -3.6% | |
| Debt / EBITDA | 5.76 | 16.02 | 23.33 | 21.86 | 45.47 | 16.23 | 32.40 | 33.73 | 47.58 | 25.10 | 30.37 | 30.98 | 83.46 |
| — | -1.3% | -28.0% | -35.2% | -4.4% | -35.3% | +6.7% | +8.9% | -43.0% | -2.8% | +43.2% | +106.4% | +359.5% | |
| Current Ratio | 22.76 | 22.76 | 1.07 | 1.13 | 1.18 | 1.15 | 1.18 | 1.21 | 1.13 | 1.17 | 1.18 | 1.24 | 1.18 |
| — | +1871.3% | -9.8% | -6.6% | +4.8% | -1.3% | +0.1% | -1.8% | -4.5% | +1.0% | +9.2% | +3.5% | +2.6% | |
| Quick Ratio | 22.76 | 22.76 | 1.07 | 1.13 | 1.18 | 1.15 | 1.18 | 1.21 | 1.13 | 1.17 | 1.18 | 1.24 | 1.18 |
| — | +1871.3% | -9.8% | -6.6% | +4.8% | -1.3% | +0.1% | -1.8% | -4.5% | +1.0% | +9.2% | +3.5% | +2.6% | |
| Interest Coverage | 1.53 | 0.78 | 1.81 | 2.30 | 0.99 | 3.35 | 1.63 | 1.44 | 0.55 | 2.34 | 0.75 | 1.09 | -0.16 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 34 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorDCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare business quality, growth, and profitability against top sector peers.
Start ComparisonQuick answers to the most common questions about buying CWK stock.
Cushman & Wakefield plc's current P/E is 38.2x. The average P/E over the last 3 quarters is 113.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Cushman & Wakefield plc's current operating margin is 4.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Cushman & Wakefield plc's business trajectory between earnings reports.