Cushman & Wakefield Ltd.

Cushman & Wakefield Ltd.

NNYSE:CWK
12.10
USD
+0.52
(+4.49%)
0.29EPS
45.07P/E
3.14BMarket Cap
Nov 04Next Earn
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
23.3
34.29
38.2
48.01
40.2
35.52
42.1
44.83
41.84
41.27
44.5
46.51
Basic EPS, GAAP
-2.63
-2.4
-1.22
-1.09
- -
-1
1.12
0.87
-0.16
0.57
0.38
0.3
Free Cash Flow per Basic Share
-0.49
-2.28
-0.69
-0.5
0.87
-0.36
2.22
-0.01
0.45
0.73
1.27
1.07
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
2.83
2.4
6.28
5.93
4.93
6.47
7.36
7.38
7.64
8.44
8.62
Tangible Book Value per Share
- -
-11.77
-12.4
-7.23
-7.99
-9.05
-7.03
-5.68
-5.37
-4.07
-3.29
-2.86
Basic Weighted Avg Shares
180
181
181
171
218
221
223
225
227
229
231
233
Sales/Revenue/Turnover
4,193
6,216
6,924
8,220
8,751
7,844
9,389
10,106
9,494
9,447
10,288
10,818
Operating Margin (%)
-4.95
-4.24
-2.06
0.17
2.23
0.05
5.77
5.38
2.57
4.02
4.46
4.41
Depreciation Expense
156
261
271
290
415
382
276
249
243
209
191
193
Net Income, GAAP
-474
-434
-221
-186
- -
-220
250
196
-35
131
88
69
Effective Tax Rate (%)
- -
- -
- -
- -
99.53
- -
26.45
41.89
- -
25.31
22.77
31.38
Profit Margin (%)
-11.3
-6.99
-3.2
-2.26
- -
-2.81
2.66
1.94
-0.37
1.39
0.86
0.64
Working Capital
- -
216
-55
705
538
825
396
376
406
361
251
190
LT Debt
- -
2,625
2,784
2,644
3,077
3,641
3,615
3,546
3,417
3,210
2,872
2,787
Total Equity
- -
590
499
1,360
1,301
1,096
1,449
1,662
1,678
1,755
1,956
2,022
Return on Invested Capital (%)
- -
- -
- -
- -
0.02
- -
7.39
6.01
- -
4.97
7.07
6.47
Return on Capital (%)
- -
- -
- -
- -
0.02
- -
7.73
5.96
- -
5.88
5.09
2.02
Return on Common Equity (%)
- -
- -
-40.63
-19.98
0.02
-18.41
19.67
12.63
-2.12
7.65
4.75
3.52

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
125
130
243
LT Borrowings
2,625
2,621
2,415
LT Finance Leases
247
369
372
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
232
234
234
Market Capitalization
3,751
2,872
3,140

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,843
2,748
2,627
Cash, Cash Equivalents & STI
784
601
501
Accounts Receivable, Net
1,516
1,447
1,468
Inventories
- -
- -
- -
Total Current Liabilities
2,592
2,426
2,437
Payables & Accruals
1,254
1,246
1,195
ST Debt
125
130
243
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
12.79%
11.42%
Free Cash Flow
-730.05%
-1,422.15%
75.45%
Net Income, GAAP
-11,138.01%
-171.31%
-32.83%
Sales/Revenue/Turnover
10.41%
5.94%
8.91%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,185
2,288
2,344
2,630
9,447
2025
2,285
2,484
2,606
2,914
10,288
2026
2,536
2,763
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.13
0.06
0.15
0.49
0.57
2025
0.01
0.25
0.22
-0.1
0.38
2026
-0.05
0.22
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Michelle M. MacKay
Full Time Employees
53,000
Sector
Finance
Industry
Real estate development
Address
225 West Wacker Drive, Suite 3000 Hamilton IL Bermuda 60606
IPO Date
Aug 2, 2018
Business
Cushman & Wakefield plc (NYSE: CWK) is a leading global commercial real estate services firm that provides a comprehensive suite of integrated services to owners, occupiers, investors and developers, including property, facilities and project management; leasing brokerage such as agency leasing, tenant representation and global occupier services; capital markets encompassing debt and equity financing, investment sales and loan servicing; valuation and advisory; asset services; and investment management. Founded in 1917 in New York City by brothers-in-law J. Clydesdale Cushman and Bernard Wakefield, the company is headquartered in Chicago, Illinois, and operates from approximately 400 offices across 60 countries with 52,000 professionals managing over 5 billion square feet of commercial space; it generated $9.5 billion in revenue in 2023 and $9.4 billion in 2024. The firm serves diverse sectors including office, retail, industrial, logistics, multifamily and life sciences, targeting institutional investors, corporations, governments and private clients worldwide. In recent developments, Cushman & Wakefield completed its redomiciliation from England and Wales to Bermuda on November 27, 2025, via a UK scheme of arrangement, with new shares beginning trading on the NYSE thereafter; the company continues to execute high-profile transactions, such as arranging $52.8 million in acquisition financing for an advanced manufacturing facility in Devens, Massachusetts, in September 2025 on behalf of Pivotal Manufacturing Partners and Declaration Partners, and facilitating EOG Resources' office campus acquisition in New Albany, Ohio, in late September 2025, alongside closing the sale and financing of a multifamily acquisition in Alabama with Greystone in November 2025.

Company News

  • Cushman & Wakefield Completes Redemption of 2028 Notes, Bringing Total Debt Repayments to More Than $800 Million Since 2024

  • Cushman & Wakefield to Release Third Quarter 2026 Earnings on November 4

  • Cushman & Wakefield Hires Doug Middleton to Lead Institutional Capital Markets Team in New York City, Joined by Jack Stillwagon

  • Cushman & Wakefield: U.S. Office Recovery Takes Hold as Sublease Space Shrinks and New Construction Hits Multi-Decade Low

  • Cushman & Wakefield Receives Credit Rating Upgrade to ‘BB' from S&P Global Ratings, Outlook Stable

  • Cushman & Wakefield, 50strong Launch Skilled Trades Mentor Hub for Veterans and Military Spouses

  • Cushman & Wakefield Earns Upgrade to ‘Ba3' Rating from Moody's Ratings, Outlook Stable

  • Cushman & Wakefield Earns Upgrade to 'Ba3' Rating from Moody's Ratings, Outlook Stable

  • Head to Head Comparison: Cushman & Wakefield (NYSE:CWK) vs. Exp World (NASDAQ:AGNT)

  • Cushman & Wakefield Report Shows U.S. Construction Cost Pressures Shift From Labor to Materials as Metals Prices Surge

  • Cushman & Wakefield Report Shows U.S. Construction Cost Pressures Shift From Labor to Materials as Metals Prices Surge

  • Cushman & Wakefield Insider Sells 12,500 Shares

  • Cushman & Wakefield: U.S. Legal Sector Leasing Hits Record 7.3 Million Square Feet in Q2 2026 as Law Firms Expand Footprints

  • Cushman & Wakefield Ltd (CWK) Shares Surge 3.4% -- What GF Score of 76 Tells Investors

  • Cushman & Wakefield Releases 2026 Data Center Development Cost Guide, Citing 21% Rise in Per-MW Construction Costs

  • Cushman & Wakefield: U.S. Life Sciences Market Moves Toward Rebalancing as Capital Returns and New Development Slows

  • Cushman & Wakefield Strengthens Capital Markets Platform with Addition of Loan Restructuring Expert Steve Klein

  • Are Investors Undervaluing Cushman & Wakefield (CWK) Right Now?

  • Cushman & Wakefield to Lease 1.1 MSF Industrial Facility in Phoenix on behalf of GO Industrial

  • Drew Morris Joins Cushman & Wakefield as Executive Managing Director in Houston