Cushman & Wakefield plc

CWK · NYSE · Real Estate / Real Estate Services

13.30USD-0.19 (-1.41%)

Price History

Full chart

Market Stats

Previous Close13.49

Open13.58

Day Range13.23 – 13.79

52-Week Range11.57 – 17.40

Volume2.47M

Market Cap2.85B

P/E (TTM)41.93

Forward P/E7.39

EPS0.29

Dividend Yield0.00%

Beta1.44

50-Day Avg13.51

200-Day Avg13.94

About

Cushman & Wakefield Limited is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of 9.4 billion dollars across its core service lines of Services, Leasing, Capital markets, and Valuation and others. The company was founded in 1784 and is headquartered in Chicago, Illinois.

Company Details

SectorReal Estate
IndustryReal Estate Services
CEOMs. Michelle Marie MacKay
Employees53.00K
Headquarters225 West Wacker Drive, Chicago, IL, United States, 60606, USA
Websitehttps://www.cushmanwakefield.com

Leadership

Ms. Michelle Marie MacKayGlobal CEO & Director · b. 1966
Mr. Andrew McDonaldGlobal President & COO · b. 1976
Mr. Neil O. JohnstonExecutive VP & Global CFO · b. 1966
Mr. Nathaniel RobinsonExecutive VP & Chief Investment & Strategy Officer
Ms. Noelle J. PerkinsExecutive VP, Chief Legal Officer & Corporate Secretary · b. 1978
Ms. Salumeh CompaniehChief Digital & Information Officer
Ms. Megan McGrathSenior Vice President of Investor Relations
Ms. Emily KehindeChief Marketing Officer
Ms. Holly R. TysonChief People Officer · b. 1972
Mr. Matthew BouwChief Executive of APAC & EMEA

Financials

Income Statement

Currency: USD	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	4.19B	6.22B	6.92B	8.22B	8.75B	7.84B	9.39B	10.11B	9.49B	9.45B	10.29B
Growth (%)	-	+48.23%	+11.39%	+18.72%	+6.46%	-10.37%	+19.70%	+7.64%	-6.06%	-0.50%	+8.91%
Cost of Revenue	3.39B	5.07B	5.64B	6.64B	6.98B	6.46B	7.45B	8.15B	7.84B	7.72B	8.62B
Gross Profit	806.90M	1.15B	1.28B	1.58B	1.77B	1.39B	1.94B	1.95B	1.65B	1.73B	1.67B
Gross Margin	19.24%	18.47%	18.55%	19.19%	20.22%	17.70%	20.67%	19.32%	17.40%	18.27%	16.25%
Operating Expense	1.22B	1.44B	1.45B	1.56B	1.58B	1.44B	1.44B	1.42B	1.45B	1.39B	1.21B
Operating Income	-410.40M	-295.40M	-170.20M	12.60M	187.30M	-53.10M	497.00M	535.10M	205.60M	338.90M	458.60M
Operating Margin	-9.79%	-4.75%	-2.46%	0.15%	2.14%	-0.68%	5.29%	5.30%	2.17%	3.59%	4.46%
EBITDA	-3.40M	-2.70M	128.00M	304.10M	609.60M	385.80M	795.70M	780.20M	494.50M	510.70M	434.60M
EBITDA Margin	-0.08%	-0.04%	1.85%	3.70%	6.97%	4.92%	8.48%	7.72%	5.21%	5.41%	4.22%
Net Income	-473.70M	-434.20M	-220.50M	-185.80M	200.00K	-220.50M	250.00M	196.40M	-35.40M	131.30M	88.20M
Net Income Margin	-11.30%	-6.99%	-3.18%	-2.26%	0.00%	-2.81%	2.66%	1.94%	-0.37%	1.39%	0.86%
R&D	-	0.08	0.05	0.03	0	0.02	0.04	0.03	0	-	-
R&D as % of Total Revenue	-	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	-
Interest Expense	123.10M	171.80M	183.10M	228.80M	150.60M	163.80M	179.50M	193.10M	281.10M	229.90M	216.20M
Interest Expense % of Total Revenue	2.94%	2.76%	2.64%	2.78%	1.72%	2.09%	1.91%	1.91%	2.96%	2.43%	2.10%

Balance Sheet

Currency: USD	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	-	5.68B	5.80B	6.55B	7.16B	7.34B	7.89B	7.95B	7.77B	7.55B	7.68B
Total Liabilities	-	5.09B	5.29B	5.19B	5.86B	6.24B	6.44B	6.29B	6.10B	5.79B	5.72B
Total Equity	-	590.00M	503.90M	1.36B	1.30B	1.09B	1.45B	1.66B	1.68B	1.75B	1.96B
Cash	-	382.30M	405.60M	895.30M	813.20M	1.07B	770.70M	644.50M	767.70M	793.30M	784.20M
Total Debt	-	2.66B	2.84B	2.68B	3.12B	3.96B	3.66B	3.60B	3.57B	3.31B	3.24B
Net Debt	-	2.28B	2.44B	1.79B	2.30B	2.88B	2.89B	2.95B	2.80B	2.52B	2.46B

Cash Flow

Currency: USD	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	-43.60M	-335.10M	4.40M	-2.20M	269.30M	-38.20M	549.50M	49.10M	152.20M	208.00M	340.40M
Investing Cash Flow	-1.93B	-137.70M	-143.20M	-218.00M	-274.90M	-257.80M	-749.50M	-120.70M	48.90M	81.20M	-21.10M
Financing Cash Flow	2.31B	356.50M	167.70M	725.90M	-89.60M	571.90M	-65.80M	-79.30M	-120.80M	-253.40M	-350.50M
Capital Expenditure	43.90M	77.30M	129.10M	84.20M	80.30M	41.00M	53.80M	50.70M	51.00M	41.00M	47.40M
Free Cash Flow	-87.50M	-412.40M	-124.70M	-86.40M	189.00M	-79.20M	495.70M	-1.60M	101.20M	167.00M	293.00M
Dividends Paid	-	642.70M	318.70M	2.94B	-	-	19.00M	-	-	-	-
FCF to OCF	200.69%	123.07%	-2834.09%	3927.27%	70.18%	207.33%	90.21%	-3.26%	66.49%	80.29%	86.08%
Dividend Paid to FCF	-	-155.84%	-255.57%	-3398.73%	-	-	3.83%	-	-	-	-

Earnings

Report Date	May 30, 2018	Sep 5, 2018	Nov 13, 2018	Feb 27, 2019	May 7, 2019	Aug 1, 2019	Nov 5, 2019	Feb 27, 2020	May 7, 2020	Aug 6, 2020	Nov 5, 2020	Feb 25, 2021	May 6, 2021	Aug 5, 2021	Nov 4, 2021	Feb 24, 2022	May 5, 2022	Aug 5, 2022	Nov 3, 2022	Feb 23, 2023	May 4, 2023	Jul 31, 2023	Oct 30, 2023	Feb 20, 2024	Apr 29, 2024	Jul 29, 2024	Nov 4, 2024	Feb 18, 2025	Apr 29, 2025	Aug 5, 2025	Oct 30, 2025	Feb 19, 2026	May 7, 2026	Aug 5, 2026	Oct 29, 2026
EPS Estimate	0.00	0.46	0.18	0.59	0.07	0.40	0.45	0.73	0.15	0.08	0.17	0.35	-0.01	0.22	0.28	0.63	0.23	0.54	0.54	0.45	0.25	0.17	0.23	0.40	-0.01	0.18	0.21	0.48	0.02	0.22	0.28	0.54	0.13	0.36	0.36
EPS Actual	0.08	0.46	0.45	0.59	0.10	0.39	0.37	0.78	0.03	0.19	0.16	0.43	0.11	0.50	0.48	0.94	0.48	0.61	0.43	0.46	-0.04	0.22	0.21	0.45	-0.13	0.20	0.23	0.48	0.09	0.30	0.29	0.54	0.15	0.35	-
Surprise	-	0.00%	150.00%	0.00%	42.86%	-2.50%	-17.78%	6.85%	-80.00%	137.50%	-5.88%	22.86%	1200.00%	127.27%	71.43%	49.21%	108.70%	12.96%	-20.37%	2.22%	-116.00%	29.41%	-8.70%	12.50%	-1164.00%	11.11%	9.52%	0.48%	350.00%	36.36%	3.57%	0.00%	15.38%	-2.78%	-
Timing	-	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market

Key Statistics & Ratios

Market Cap2.85B

Enterprise Value5.42B

Trailing P/E41.93

Forward P/E7.39

PEG Ratio0.23

Price / Sales0.26

Price / Book1.43

EPS0.29

Book Value8.62

Revenue (TTM)10.82B

Gross Profit (TTM)1.96B

EBITDA581.40M

Profit Margin0.64%

Operating Margin4.86%

Return on Equity3.52%

Return on Assets3.94%

Shares Outstanding234.71M

Shares Float232.67M

Beta1.44

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%

Analyst Ratings

Hold

Based on 10 analystsTarget 17.73

Strong Buy
1
Buy
3
Hold
5
Sell
1

Ownership Breakdown

Institutions: 98.32%
Insiders: 0.82%
Retail / Other: 0.86%

Top Institutional Holders

Vanguard Portfolio Management, LLC
24.37M10.38%
BlackRock Inc
22.68M9.66%
Dimensional Fund Advisors, Inc.
13.80M5.88%
Vanguard Capital Management, LLC
10.39M4.43%
Vaughan Nelson Scarbrgh & Mccullough LP
9.25M3.94%
State Street Corp
9.13M3.89%
FMR Inc
8.38M3.57%
Eurizon Capital SGR SpA
6.76M2.88%
JPMorgan Chase & Co
6.25M2.66%
Geode Capital Management, LLC
6.17M2.63%
Channing Capital Management, LLC
5.57M2.37%
Victory Capital Management Inc.
5.18M2.21%
Brown Advisory Holdings Inc
4.80M2.05%

Top Fund Holders

iShares Core S&P Small-Cap ETF
14.29M6.09%
Vanguard Real Estate Index Investor
8.81M3.75%
Vanguard MStar Total Stk Mkt Idx Invest
7.40M3.15%
iShares Russell 2000 ETF
6.16M2.62%
Vanguard Small Cap Index
5.34M2.27%
Nomura Small Cap Core I
3.97M1.69%
Fidelity Small Cap Value Fund
3.48M1.48%