Saturday 17 October 2026 Export CWK’s income statement to Excel — free account

Cushman & Wakefield PLC

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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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

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.99

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	1	—	1	1	—	1	1	—

Insider Ownership 0.70%

Capital & Financial Ratios $m

Market Cap 2,730.00

Revenue 10,818.10

Net Income 69.10

Free Cash Flow 249.10

Net Debt 2,157.70

Current Ratio 1.08

Debt/Equity 1.31

P/E ratio 38.97

Fwd P/E 11.10

P/S ratio 0.24

P/B ratio 1.31

Past 5Y EPS Growth —

This Y EPS Growth 325.53%

Next Y EPS Growth 16.19%

Next Y revenue growth 8.69%

Next 5Y EPS Growth 78.96%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 66.73%

10-year low 10-year high

P/S against its own 10 years 15.22%

10-year low 10-year high

P/B against its own 10 years 8.34%

10-year low 10-year high

EV/Sales against its own 10 years 0.78%

10-year low 10-year high

EV/FCF against its own 10 years 12.55%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2027	Powerpack
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	0.71	0.51 0.20
2020	0.62	0.44 0.19
2019	0.57	0.40 0.17
2018	0.55	0.39 0.16
2017	0.46	0.31 0.15
2016	0.39	0.26 0.13

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	768	793	784	501
Receivables	1,535	1,415	1,568	1,533
Inventory	—	—	—	—
Other	311	301	301	343
	2,803	2,690	2,843	2,627

	2023	2024	2025	Q'26
Payables	1,158	1,111	1,225	1,154
ST’ Debt	150	103	125	243
Other	218	196	191	152
	2,397	2,330	2,592	2,437

Compound Annual Growth %

	10y	5y	3y
Sales	9.39%	5.58%	0.60%
Cash Flow	0.00%	0.00%	90.68%
Earnings	0.00%	0.00%	(23.42%)
Book Value	0.00%	12.29%	5.57%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	2,536	2,763	—	—	—
’25	2,285	2,484	2,606	2,914	10,288
’24	2,185	2,288	2,344	2,630	9,447
’23	2,249	2,406	2,286	2,552	9,494
’22	2,331	2,613	2,515	2,647	10,106
’21	1,924	2,248	2,333	2,884	9,389
’20	1,895	1,744	1,932	2,273	7,844

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(243)	54	—	—	—
’25	(162)	10	236	257	340
’24	(125)	22	196	115	208
’23	(221)	(17)	188	202	152
’22	(158)	(88)	52	244	49
’21	(16)	103	163	299	550
’20	(250)	(50)	77	184	(38)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(256)	46	—	—	—
’25	(167)	0	225	234	293
’24	(136)	10	187	106	167
’23	(231)	(27)	174	186	101
’22	(177)	(100)	38	237	(2)
’21	(29)	95	153	277	496
’20	(260)	(58)	68	170	(79)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.05)	0.22	—	—	—
’25	0.01	0.25	0.22	(0.10)	0.38
’24	(0.13)	0.06	0.14	0.48	0.56
’23	(0.34)	0.02	(0.15)	0.30	(0.16)
’22	0.20	0.43	0.11	0.13	0.86
’21	(0.08)	0.23	0.30	0.64	1.10
’20	(0.25)	(0.46)	(0.17)	(0.12)	(1.00)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	13.25	13.60	6.84	13.89	10.04	6.24	9.24	7.64	Analyst estimates 2026–2028 Powerpack
	High	—	—	19.45	20.80	20.65	22.77	23.54	15.63	16.11	17.33
People
People	Employees	—	48,000	51,000	53,000	50,000	50,000	52,000	52,000	52,000	53,000
	Revenue/emp, $m	0.00	0.14	0.16	0.17	0.16	0.19	0.19	0.18	0.18	0.19
Income, $m
Income, $m	Revenue	6,216	6,924	8,220	8,751	7,844	9,389	10,106	9,494	9,447	10,288
	Gross margin, %	18.47	18.55	19.19	20.22	17.70	20.67	19.32	17.40	18.27	18.27
	EBT	(459)	(342)	(211)	43	(177)	340	338	(30)	176	114
	EBT margin, %	(7.38)	(4.94)	(2.56)	0.49	(2.25)	3.62	3.34	(0.32)	1.86	1.11
	Net income	(435)	(221)	(186)	0	(220)	250	196	(35)	131	88
	Depreciation	273	287	303	419	392	286	259	251	216	199
Per share, $
Per share, $	Revenue	43.96	48.12	48.01	40.20	35.52	42.10	44.83	41.84	41.27	44.50
	Earnings	(3.07)	(1.54)	(1.09)	0.00	(1.00)	1.12	0.87	(0.16)	0.57	0.38
	Cash flow	(2.37)	0.03	(0.01)	1.24	(0.17)	2.46	0.22	0.67	0.91	1.47
	Capex	(0.55)	(0.90)	(0.49)	(0.37)	(0.19)	(0.24)	(0.22)	(0.22)	(0.18)	(0.20)
	Free cash flow	(2.92)	(0.87)	(0.50)	0.87	(0.36)	2.22	(0.01)	0.45	0.73	1.27
	Book value	4.17	3.47	7.94	5.98	4.96	6.50	7.37	7.40	7.67	8.46
	Shares, m	141	144	171	218	221	223	225	227	229	231
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	19.86	14.74	0.00	22.95	42.61
	P/S	0.36	0.36	0.30	0.51	0.42	0.53	0.29	0.26	0.32	0.36
	P/B	5.89	5.89	1.82	3.42	2.99	3.42	1.74	1.45	1.71	1.91
	EV/Sales	0.73	0.73	0.52	0.72	0.70	0.79	0.54	0.52	0.56	0.55
	EV/FCF	(165.77)	(165.77)	(49.38)	33.31	(69.13)	15.03	(3,441.64)	48.46	31.40	19.48
Cash, $m
Cash, $m	Operating cash flow	(335)	4	(2)	269	(38)	550	49	152	208	340
	Capex	(77)	(129)	(84)	(80)	(41)	(54)	(51)	(51)	(41)	(47)
	Free cash flow	(412)	(125)	(86)	189	(79)	496	(2)	101	167	293
Balance, $m
Balance, $m	Working capital	216	(55)	705	538	825	396	376	406	361	251
	Total debt	2,660	2,844	2,684	2,660	3,275	3,263	3,262	3,247	3,043	2,750
	Net debt	2,278	2,438	1,789	1,846	2,201	2,492	2,617	2,479	2,250	1,966
	Shareholders’ equity	590	499	1,360	1,301	1,096	1,449	1,662	1,678	1,755	1,956
Returns, %
Returns, %	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
	ROE	(79.74)	(40.63)	(19.98)	0.02	(18.40)	19.65	12.63	(2.12)	7.65	4.75

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
FSV FirstService Corporation	$6.2B	38.3×	34.9×	+2.37% (above 0%: growing)	−0.99% (below 0%: shrinking)	−23.87% (below 0%: shrinking)	33.17%	6.88%	Compare
CIGI Colliers International Group Inc.	$4.6B	42.6×	49.4×	+16.68% (above 0%: growing)	+600.00% (above 0%: growing)	+285.13% (above 0%: growing)	40.39%	6.26%	Compare
IHS IHS Holding Limited	$2.9B	20.1×	7.6×	+10.41% (above 0%: growing)	n/m	−41.30% (below 0%: shrinking)	48.32%	19.32%	Compare
CWK Cushman & Wakefield PLC	$2.7B	39.0×	11.1×	+11.22% (above 0%: growing)	−12.00% (below 0%: shrinking)	+15,066.67% (above 0%: growing)	18.53%	4.86%
OPEN Opendoor Technologies Inc.	$2.3B	— (loss-making)	— (loss-making)	−43.65% (below 0%: shrinking)	n/m	−188.06% (below 0%: shrinking)	9.74%	(16.31%)	Compare
NMRK Newmark Group, Inc.	$2.2B	14.3×	15.4×	+17.03% (above 0%: growing)	−8.33% (below 0%: shrinking)	+188.46% (above 0%: growing)	100.00%	4.55%	Compare
IRS IRSA Inversiones Y Representaciones S.A.	$1.2B	3.7×	—	+6.47% (above 0%: growing)	n/m	−60.83% (below 0%: shrinking)	63.23%	(78.13%)	Compare
HBNB Hotel101 Global Holdings Corp.	$1.1B	—	—	—	—	—	—	—	Compare
MMI Marcus & Millichap, Inc.	$1.1B	76.6×	83.6×	+17.78% (above 0%: growing)	n/m	+10.09% (above 0%: growing)	37.58%	1.09%	Compare
Median of peers	$2.2B	29.2×	34.9×	+10.41%	−0.99%	−23.87%	40.39%	4.55%

All 46 Real Estate Services stocks →

Cushman & Wakefield PLC (CWK) key facts

Strength: Cushman & Wakefield PLC’s revenue for fiscal 2025 (year ended December 2025) was $10.3 billion, up 8.91% from fiscal 2024.
Cushman & Wakefield PLC (CWK) is a Real Estate Services company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, CWK traded at $11.30, a market capitalization of $2.7 billion.
Return on equity was 4.75% and debt-to-equity 1.31.
Its Piotroski F-score is 5 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.