Cushman & Wakefield Limited (CWK)

NYSE: CWK · Real-Time Price · USD

12.72

+0.25 (2.00%)

Jul 24, 2026, 4:00 PM EDT - Market closed

Cushman & Wakefield Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	10,539	10,288	9,447	9,494	10,106	9,389
Revenue Growth	10.40%	8.91%	-0.50%	-6.06%	7.64%	19.70%
Gross Profit	1,916	1,880	1,726	1,652	1,952	1,940
Operating Income	465.9	452.5	338.9	205.6	535.1	497
Net Income	73.7	88.2	131.3	-35.4	196.4	250
Earnings Per Share	0.32	0.38	0.56	-0.16	0.86	1.10
EPS Growth	-53.62%	-32.14%	-	-	-21.82%	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
APAC	1,757	1,712	1,495	1,391	1,325	1,260
Americas	7,652	7,511	6,998	7,129	7,751	7,015
EMEA	1,131	1,066	953.2	973.7	1,030	1,113
Total	10,539	10,288	9,447	9,494	10,106	9,389

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2022	FY 2021	FY 2016
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '16 Dec 31, 2016
Cash & Investments	600.6	784.2	793.3	644.5	770.7	382.3
Total Debt	3,120	2,996	3,313	3,596	3,658	2,660
Net Cash (Debt)	-2,519	-2,212	-2,520	-2,952	-2,887	-2,278
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-10.80	-9.43	-10.82	-12.95	-12.75	-16.11

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2021	FY 2020
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Cash Flow	258.9	340.4	208	152.2	549.5	-38.2
Capital Expenditures	-55	-47.4	-41	-51	-53.8	-41
Free Cash Flow	203.9	293	167	101.2	495.7	-79.2
Free Cash Flow Growth	49.93%	75.45%	65.02%	-79.58%	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	18.18%	18.27%	18.27%	17.40%	19.32%	20.67%
Operating Margin	4.42%	4.40%	3.59%	2.17%	5.30%	5.29%
Pretax Margin	0.95%	1.11%	1.86%	-0.32%	3.34%	3.62%
Profit Margin	0.70%	0.86%	1.39%	-0.37%	1.94%	2.66%
FCF Margin	1.93%	2.85%	1.77%	1.07%	0.00%	5.28%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 25, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	40.01	42.61	23.36	-	14.49	20.22
Forward PE	8.58	11.90	11.83	10.63	6.55	10.67
P/FCF Ratio	14.62	12.80	17.99	24.26	-	10.04
PS Ratio	0.28	0.36	0.32	0.26	0.28	0.53