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Cushman & Wakefield Ltd.

CWK

$12.33 ▼ -0.54 (-4.20%) at close

10 Visible periods

32 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Weak

Bearish

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Analytical Summary

Cushman & Wakefield Ltd. faces fundamental challenges with weakness in Debt to Equity. The fundamentals warrant careful consideration of downside risks.

Market Cap $2.9B

Dividend Yield —

Revenue Growth 8.9% ↗

Op. Margin 4.4% ↗

ROIC 7.6% ↗

FCF / Share $1.27 ↗

Trailing P/E 32.5x

Price / Book 1.5x

FCF Yield 10.3%

Debt / Equity 1.34

info Valuation on last close. End-of-day price, Sep 23, 2026.

10-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$10.29B

↑ +8.9% —

Net Income Profit after all expenses

$88.20M

↓ -32.8% —

Operating Margin Operating profit as % of sales

4.4%

↑ +22.6% 41th

FCF / Share Free cash flow per share

$1.27

↑ +73.7% —

Long-Term Debt Long-term obligations

$2.62B

↓ -10.7% —

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Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Profitability ↓

Returns ↓

Financial Health ↓

Cash Quality ↑

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Revenue Growth YoY (%)	8.9% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+78%)	-0.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-110%)	-6.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-221%)	7.6% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+53%)	19.7% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+294%)	-10.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-307%)	6.5% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+29%)	18.7% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+274%)	—	—
EPS Growth YoY (%)	-33.3% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	-22.3% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	—	100.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	29.2% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-32.8% Weak Weak Year-over-year change in net income	N/M	N/M	-21.4% Weak Weak Year-over-year change in net income	N/M	N/M	N/M	16.0% Good Good Year-over-year change in net income	—	—
FCF Growth YoY (%)	73.7% Excellent Excellent Year-over-year change in free cash flow	63.6% Excellent Excellent Year-over-year change in free cash flow	N/M	N/M	N/M	N/M	N/M	41.8% Excellent Excellent Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	0.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	0.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	6.6% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	4.9% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	4.5% Caution Caution Compound annual revenue growth over 3 years	4.2% Caution Caution Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	5.6% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	1.5% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	2.9% Caution Caution Compound annual revenue growth over 5 years	7.9% Fair Fair Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	-24.1% Weak Weak Compound annual EPS growth over 3 years	-20.2% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Operating Margin (%) (%)	4.4% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-85%)	3.6% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-88%)	2.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-93%)	5.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-82%)	5.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-82%)	-0.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-102%)	2.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-93%)	0.2% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-99%)	-2.5% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-108%)	—
Effective Tax Rate (%) (%)	22.8% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.3% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-18.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	41.9% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	26.4% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-24.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	99.5% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	11.9% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	35.3% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	0.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-97%)	1.4% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-94%)	-0.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-101%)	1.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-92%)	2.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-89%)	-2.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-111%)	0.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-100%)	-2.3% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-109%)	-3.2% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-113%)	—
FCF Margin (%) (%)	2.8% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	1.8% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	1.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-0.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	5.3% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-1.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	2.2% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-1.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-1.8% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	3.32x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.27x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	-2.86x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.01x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.98x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	0.36x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	945.00x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.47x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.56x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Return on Invested Capital (%)	7.6% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	5.4% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.1% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	6.4% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	7.8% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	-1.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	0.0% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	0.3% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	5.9% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.5% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	2.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	6.7% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	6.3% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	-0.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.6% Weak Weak Operating profit relative to total assets Optimal: > 10%	0.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	4.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-44%)	7.5% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-6%)	-2.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-126%)	11.8% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+48%)	17.3% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+116%)	-20.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-352%)	0.0% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-100%)	-13.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-271%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Debt to Equity (x)	1.34x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+34%)	1.68x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+68%)	1.85x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+85%)	1.93x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+93%)	2.22x Weak → Weak Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+122%)	2.96x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+196%)	2.01x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+101%)	1.94x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+94%)	—	—
Interest Coverage (x)	2.09x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.28x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.73x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	2.77x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.77x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	-0.32x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.24x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.06x Weak Weak Operating income divided by interest expense Optimal: > 5x	-0.93x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$1.84B	$2.15B	$2.33B	$2.57B	$2.45B	$2.16B	$1.81B	$1.75B	$-405.60M	$-382.30M
Debt / EBITDA (x)	4.72x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.38x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.82x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.71x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.81x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	15.37x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.41x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.74x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Revenue per Share (USD)	$44.50	$41.27	$41.84	$44.83	$42.10	$35.52	$40.20	$48.01	$48.12	—
Basic EPS, GAAP (USD)	$0.38	$0.57	$-0.16	$0.87	$1.12	$-1.00	$0.00	$-1.09	$-1.54	—
Free Cash Flow per Share (USD)	$1.27	$0.73	$0.45	$-0.01	$2.22	$-0.36	$0.87	$-0.50	$-0.87	—
Book Value per Share (USD)	$8.44	$7.64	$7.38	$7.36	$6.47	$4.93	$5.93	$6.28	—	—
Tangible Book Value per Share (USD)	$-3.27	$-4.06	$-5.32	$-5.66	$-6.96	$-8.99	$-7.88	$-7.14	—	—
Basic Weighted Avg Shares (shares)	231.20M	228.90M	226.90M	225.40M	223.00M	220.80M	217.70M	171.20M	143.90M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Working Capital (USD)	$251.30M	$360.50M	$406.00M	$376.40M	$395.80M	$825.20M	$538.20M	$704.60M	—	—
LT Debt (USD)	$2.62B	$2.94B	$3.10B	$3.21B	$3.22B	$3.24B	$2.62B	$2.64B	—	—
Total Equity (USD)	$1.96B	$1.75B	$1.68B	$1.66B	$1.45B	$1.09B	$1.30B	$1.36B	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Sales/Revenue/Turnover (USD)	$10.29B	$9.45B	$9.49B	$10.11B	$9.39B	$7.84B	$8.75B	$8.22B	$6.92B	—
Depreciation Expense (USD)	$104.20M	$122.20M	$145.60M	$146.90M	$172.10M	$263.60M	$296.70M	$290.00M	$270.60M	—
Net Income, GAAP (USD)	$88.20M	$131.30M	$-35.40M	$196.40M	$250.00M	$-220.50M	$200.00K	$-185.80M	$-221.30M	—
Operating Cash Flow (USD)	$340.40M	$208.00M	$152.20M	$49.10M	$549.50M	$-38.20M	$269.30M	$-2.20M	$4.40M	—

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Synced yesterday 10 years · 40 quarters

Cushman & Wakefield Ltd.

Analytical Summary

10-Year Financial Trajectory

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Bearish Risks

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