Saturday 17 October 2026
Export CWK’s income statement to Excel — free account
Cushman & Wakefield PLC
CWK Real Estate Real Estate Services
Cushman & Wakefield PLC’s revenue for fiscal 2025 (year ended December 2025) was $10.3 billion, up 8.91% from fiscal 2024. In the quarter to June 2026, revenue grew 11.2%, EPS fell 12.0%, free cash flow grew 15,066.7% and total debt fell 11.3%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.
11.30
0.31
−2.67%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
— | — | 6 | 6 | 2 | 7 | 4 | 4 | 7 | 5 |
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 19.86 | 14.74 | 0.00 | 22.95 | 42.61 |
P/S ratio |
0.36 | 0.36 | 0.30 | 0.51 | 0.42 | 0.53 | 0.29 | 0.26 | 0.32 | 0.36 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 23.54 | 0.00 | 10.01 | 0.00 | 23.97 | 17.93 | 12.78 |
P/Operating CF |
(294.88) | (294.88) | 65.36 | 12.03 | 17.77 | 16.58 | 11.86 | 11.98 | 25.99 | 14.55 |
P/B ratio |
5.89 | 5.89 | 1.82 | 3.42 | 2.99 | 3.42 | 1.74 | 1.45 | 1.71 | 1.91 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
0.73 | 0.73 | 0.52 | 0.72 | 0.70 | 0.79 | 0.54 | 0.52 | 0.56 | 0.55 |
EV/EBITDA |
69.33 | 69.33 | 13.54 | 10.38 | 16.17 | 9.52 | 6.94 | 10.74 | 9.45 | 8.77 |
EV/Operating CF |
81.98 | 81.98 | (1,939.12) | 23.38 | (143.33) | 13.56 | 112.15 | 32.22 | 25.21 | 16.77 |
EV/FCF |
(165.77) | (165.77) | (49.38) | 33.31 | (69.13) | 15.03 | (3,441.64) | 48.46 | 31.40 | 19.48 |
Quick Ratio |
1.05 | 0.88 | 1.18 | 1.02 | 1.17 | 0.92 | 0.90 | 0.96 | 0.95 | 0.91 |
Current Ratio |
1.13 | 0.97 | 1.35 | 1.23 | 1.40 | 1.16 | 1.16 | 1.17 | 1.15 | 1.10 |
Net Debt/EBITDA |
(102.60) | 21.02 | 5.68 | 3.05 | 6.50 | 3.18 | 3.30 | 5.43 | 4.05 | 3.02 |
Debt/Assets |
46.82% | 49.08% | 41.00% | 37.13% | 44.64% | 41.35% | 41.03% | 41.76% | 40.31% | 35.82% |
Debt/Equity |
4.51 | 5.69 | 1.97 | 2.04 | 2.99 | 2.25 | 1.96 | 1.93 | 1.73 | 1.41 |
Asset Turnover |
2.19 | 1.21 | 1.33 | 1.28 | 1.08 | 1.23 | 1.28 | 1.21 | 1.23 | 1.35 |
Operating CF/Net income |
0.77 | (0.02) | 0.01 | 1,346.50 | 0.17 | 2.20 | 0.25 | (4.30) | 1.58 | 3.86 |
Capex/Depreciation |
(0.28) | (0.45) | (0.28) | (0.19) | (0.10) | (0.19) | (0.20) | (0.20) | (0.19) | (0.24) |
Interest Coverage |
(1.72) | (0.93) | 0.06 | 1.24 | (0.32) | 2.77 | 2.77 | 0.73 | 1.47 | 2.09 |
| (79.74%) | (40.63%) | (19.98%) | 0.02% | (18.40%) | 19.65% | 12.63% | (2.12%) | 7.65% | 4.75% | |
| (15.28%) | (3.86%) | (3.01%) | 0.00% | (3.04%) | 3.28% | 2.48% | (0.45%) | 1.71% | 1.16% | |
ROIC |
(6.44%) | (3.64%) | 0.25% | 3.72% | (1.01%) | 7.88% | 7.82% | 3.09% | 5.29% | 7.21% |
Return on Tangible Assets |
(93.96%) | (88.80%) | (18.24%) | 0.02% | (20.78%) | 42.34% | 35.77% | (6.21%) | 26.45% | 22.96% |
Average Days of Receivables |
77.35 | 70.04 | 66.81 | 65.20 | 62.59 | 57.38 | 54.82 | 59.02 | 54.65 | 55.62 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
18.51% | 16.70% | 15.49% | 14.60% | 14.29% | 13.07% | 12.48% | 13.30% | 12.96% | 12.80% |
Intangible Assets out of Total Assets |
0.53 | 0.53 | 0.44 | 0.42 | 0.42 | 0.38 | 0.37 | 0.37 | 0.36 | 0.35 |
Share Based Compensation of Revenue |
0.79% | 0.76% | 1.00% | 0.70% | 0.54% | 0.62% | 0.40% | 0.57% | 0.38% | 0.57% |
Graham Net Nets |
(1.28) | (1.28) | (0.99) | (0.67) | (1.02) | (0.73) | (1.22) | (1.36) | (1.04) | (0.77) |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 12.79 | 12.01 | 0.00 | 9.92 | 8.50 |
Earnings Yield |
(9.74%) | (9.74%) | (8.36%) | (0.03%) | (6.74%) | 5.04% | 6.79% | (1.50%) | 4.36% | 2.35% |
Free Cash Flow Yield |
(1.22%) | (1.22%) | (3.49%) | 4.25% | (2.42%) | 9.99% | (0.06%) | 4.17% | 5.58% | 7.83% |
Revenue per Share |
43.96 | 48.12 | 48.01 | 40.20 | 35.52 | 42.10 | 44.83 | 41.84 | 41.27 | 44.50 |
Operating CF per Share |
(2.37) | 0.03 | (0.01) | 1.24 | (0.17) | 2.46 | 0.22 | 0.67 | 0.91 | 1.47 |
Capex per Share |
(0.55) | (0.90) | (0.49) | (0.37) | (0.19) | (0.24) | (0.22) | (0.22) | (0.18) | (0.20) |
Free Cash Flow per Share |
(2.92) | (0.87) | (0.50) | 0.87 | (0.36) | 2.22 | (0.01) | 0.45 | 0.73 | 1.27 |
Cash per Share |
2.70 | 2.82 | 5.23 | 3.74 | 4.87 | 3.46 | 2.86 | 3.38 | 3.47 | 3.39 |
Shareholders Equity per Share |
4.17 | 3.47 | 7.94 | 5.98 | 4.96 | 6.50 | 7.37 | 7.40 | 7.67 | 8.46 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
4.17 | 3.47 | 7.94 | 5.98 | 4.96 | 6.50 | 7.37 | 7.40 | 7.67 | 8.46 |
Free Cash Flow |
(412.40) | (124.70) | (86.40) | 189.00 | (79.20) | 495.70 | (1.60) | 101.20 | 167.00 | 293.00 |
Working Capital |
216.40 | (55.10) | 704.60 | 538.20 | 825.20 | 395.80 | 376.40 | 406.00 | 360.50 | 251.30 |
Capital Expenditures |
(77.30) | (129.10) | (84.20) | (80.30) | (41.00) | (53.80) | (50.70) | (51.00) | (41.00) | (47.40) |
Net Current Asset Value |
(3,251.00) | (3,383.50) | (2,442.60) | (3,001.30) | (3,351.60) | (3,611.50) | (3,520.40) | (3,292.80) | (3,103.40) | (2,877.70) |
EV/EBIT |
0.00 | 0.00 | 338.56 | 33.62 | 0.00 | 14.99 | 10.29 | 23.85 | 15.47 | 12.62 |
Capex to Sales |
0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 |
Price to Operating Income |
0.00 | 0.00 | 196.59 | 23.76 | 0.00 | 9.98 | 5.40 | 11.80 | 8.83 | 8.27 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
1.11 | 0.94 | 0.96 | 1.40 | 1.66 | 1.47 | 1.50 | 1.53 | 1.59 | 1.50 |
Cash ROIC |
(11.35%) | (3.33%) | (1.75%) | 3.96% | (1.45%) | 9.04% | (0.03%) | 1.78% | 2.99% | 5.34% |
Accounts Receivable Turnover |
4.70 | 5.23 | 5.80 | 5.71 | 5.39 | 6.66 | 6.75 | 6.22 | 6.41 | 6.90 |
Accounts Payable Turnover |
6.97 | 7.76 | 7.30 | 6.37 | 5.87 | 6.89 | 7.07 | 6.65 | 6.81 | 7.20 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
49.12 | 49.91 | 57.57 | 59.88 | 59.62 | 54.21 | 53.67 | 53.89 | 52.50 | 53.18 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
1,322.90 | 1,322.90 | 1,416.60 | 1,533.90 | 1,454.15 | 1,410.55 | 1,496.90 | 1,526.45 | 1,474.80 | 1,491.15 |
Average Payables |
726.60 | 726.60 | 909.45 | 1,096.50 | 1,099.85 | 1,080.30 | 1,152.60 | 1,178.35 | 1,134.10 | 1,167.75 |
Average Assets |
2,840.95 | 5,737.65 | 6,169.70 | 6,854.70 | 7,250.65 | 7,614.15 | 7,919.85 | 7,861.65 | 7,661.60 | 7,612.90 |
Average Common Equity |
544.50 | 544.70 | 929.75 | 1,330.70 | 1,198.45 | 1,272.10 | 1,555.35 | 1,670.05 | 1,716.70 | 1,855.60 |
Columns are period end dates