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

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Columns are period end dates