Business Description
Cushman & Wakefield plc (CWK) stands as a leading global firm specializing in commercial real estate services, operating under its renowned Cushman & Wakefield brand. The company maintains a broad international presence, with operations spanning the United States, Australia, the United Kingdom, and various other markets worldwide. Its business activities are organized across three primary geographical segments: the Americas; Europe, the Middle East, and Africa (EMEA); and Asia Pacific. The company delivers a comprehensive array of services. These encompass integrated facilities management, which includes project and development oversight, portfolio administration, transaction management, and strategic consulting. Additionally, it offers property management solutions such as client accounting, engineering and operational support, lease compliance, and sustainability services. Cushman & Wakefield also directly performs various facilities tasks, like janitorial duties, routine maintenance, critical environment management, landscaping, and general office services. Furthermore, CWK provides leasing services, representing both property owners and tenants. Its capital markets division facilitates real estate purchase and sale transactions by offering investment sales, equity solutions, and various debt and structured financing options. The company's advisory and valuation services are extensive, covering appraisal management, investment management, valuation advisory, portfolio advisory, due diligence support, dispute analysis and litigation assistance, financial reporting, and crucial property or portfolio valuations for real estate debt and equity decisions. Cushman & Wakefield plc has forged a strategic alliance with Vanke Service (Hong Kong) Co., Limited. Its clientele is diverse, comprising real estate owners and occupiers, including individual tenants, institutional investors, and large multinational corporations. Founded in 1784, the company is headquartered in London, United Kingdom.
Business History
Price History (1 Year)
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): 0.38
Total Equity: $1.96B
Shares: 234,700,000
Total Debt: $3.00B
Cash: $784.20M
EBITDA: $434.60M
Total Debt: $3.00B
Cash: $784.20M
Revenue: $10.29B
Revenue: $10.29B
Revenue: $10.29B
Total Equity: $1.96B
Tax Rate: 22.8%
Equity: $1.96B
Total Debt: $3.00B
Cash: $784.20M
Current Liabilities: $124.90M
Long-Term Debt: $2.87B
Total Debt: $3.00B
Total Equity: $1.96B
Shares: 234,700,000
Shares: 234,700,000
CapEx: -$47.40M
Shares: 234,700,000
Stock Price: $13.65
Net Income: $88.20M
Industry Benchmarks
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
Income Statement (Annual)
Last updated: Jun 21, 2026 6:43pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $9.4B | $10.1B | $9.5B | $9.4B | $10.3B |
| Cost of Revenue | $7.4B | $8.2B | $7.8B | $7.7B | $8.6B |
| Gross Profit | $1.9B | $2.0B | $1.7B | $1.7B | $1.7B |
| Operating Expenses | $1.4B | $1.4B | $1.4B | $1.4B | $1.2B |
| Operating Income | $497.0M | $535.1M | $205.6M | $338.9M | $458.6M |
| Net Income | $250.0M | $196.4M | -$35.4M | $131.3M | $88.2M |
| EBITDA | $795.7M | $780.2M | $494.5M | $510.7M | $434.6M |
| EPS | $1.12 | $0.87 | $-0.16 | $0.57 | $0.38 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:43pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $770.7M | $644.5M | $767.7M | $793.3M | $784.2M |
| Total Current Assets | $2.8B | $2.8B | $2.8B | $2.7B | $2.8B |
| Total Assets | $7.9B | $7.9B | $7.8B | $7.5B | $7.7B |
| Current Liabilities | $2.4B | $2.4B | $2.4B | $2.3B | $124.9M |
| Long-Term Debt | $3.2B | $3.2B | $3.1B | $2.9B | $2.9B |
| Total Liabilities | $6.4B | $6.3B | $6.1B | $5.8B | $5.7B |
| Total Equity | $1.4B | $1.7B | $1.7B | $1.8B | $2.0B |
| Retained Earnings | -$1.3B | -$1.1B | -$1.1B | -$985.9M | -$897.7M |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:43pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $549.5M | $49.1M | $152.2M | $208.0M | $340.4M |
| Capital Expenditure | -$53.8M | -$50.7M | -$51.0M | -$41.0M | -$47.4M |
| Free Cash Flow | $495.7M | -$1.6M | $101.2M | $167.0M | $293.0M |
| Acquisitions (net) | -$7.0M | -$32.8M | $0 | $122.6M | $6.6M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$8.6M | -$27.2M | -$8.1M | -$10.4M | -$11.2M |
| Net Change in Cash | -$273.8M | -$171.3M | $82.2M | $13.4M | -$11.1M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 2:45am (7h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$9.8B $9.5B – $10.0B
|
$9.0B $8.7B – $9.1B
|
$10.2B $10.0B – $10.4B
|
$7.9B $7.7B – $8.1B
|
| EBITDA |
$611.2M $592.6M – $623.4M
|
$555.6M $541.7M – $565.4M
|
$636.0M $620.1M – $647.2M
|
$491.2M $478.9M – $499.9M
|
| Net Income |
$375.0M $370.5M – $437.0M
|
$417.5M $410.3M – $506.7M
|
$514.0M $497.3M – $525.8M
|
$575.0M $556.3M – $588.2M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:43pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +7.6% | -6.1% | -0.5% | +8.9% |
| Gross Profit Growth | +0.6% | -15.4% | +4.5% | -3.2% |
| Operating Income Growth | +7.7% | -61.6% | +64.8% | +35.3% |
| Net Income Growth | -21.4% | -118.0% | +470.9% | -32.8% |
| EBITDA Growth | -1.9% | -36.6% | +3.3% | -14.9% |
Narrative Economics
market-narrative step).