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%
Market cap
$2.7B
P/E
39.0×
Fwd P/E
11.1×
Dividend yield
—
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
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
ROE
(79.74%) (40.63%) (19.98%) 0.02% (18.40%) 19.65% 12.63% (2.12%) 7.65% 4.75%
ROA
(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

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Columns are period end dates