Cushman & Wakefield Ltd.
Cushman & Wakefield Ltd.
Subscribe to unlock 17+ years of financial data
Subscribe to unlock 17+ years of data
Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 601 | 784 | 634 | 618 | 623 | 793 | 775 | 567 | 554 | 768 | 588 | 502 | |||||
Accounts And Other Receivables Net Current | 1,447 | 1,516 | 1,434 | 1,395 | 1,307 | 1,352 | 1,278 | 1,284 | 1,266 | 1,468 | 1,360 | 1,336 | |||||
Income Taxes Receivable | 83 | 52 | 89 | 84 | 121 | 62 | 66 | 68 | 86 | 67 | 114 | 145 | |||||
Contract With Customer Asset Net Current | 325 | 301 | 305 | 311 | 304 | 301 | 302 | 297 | 317 | 311 | 344 | 375 | |||||
Prepaid Expense And Other Assets Current | 293 | 190 | 208 | 230 | 250 | 181 | 228 | 229 | 237 | 189 | 213 | 267 | |||||
Assets Of Disposal Group Including Discontinued Op… | - | - | - | - | - | - | - | 148 | - | - | - | - | |||||
Assets Current | 2,748 | 2,843 | 2,672 | 2,637 | 2,605 | 2,690 | 2,649 | 2,592 | 2,460 | 2,803 | 2,618 | 2,625 | |||||
Property Plant And Equipment Net | 134 | 133 | 122 | 124 | 126 | 136 | 142 | 148 | 155 | 164 | 160 | 166 | |||||
Goodwill | 2,059 | 2,058 | 2,055 | 2,060 | 2,021 | 1,998 | 2,049 | 2,024 | 2,064 | 2,081 | 2,052 | 2,073 | |||||
Intangible Assets Net Excluding Goodwill | 645 | 655 | 664 | 675 | 682 | 690 | 703 | 712 | 791 | 806 | 823 | 841 | |||||
Equity Method Investments | 529 | 537 | 720 | 732 | 735 | 724 | 724 | 711 | 714 | 708 | 694 | 682 | |||||
Deferred Income Tax Assets Net | 217 | 149 | 165 | 136 | 65 | 93 | 124 | 109 | 100 | 67 | 75 | 57 | |||||
Operating Lease Right Of Use Asset | 373 | 277 | 287 | 276 | 279 | 290 | 304 | 308 | 320 | 339 | 328 | 346 | |||||
Other Assets Noncurrent | 942 | 1,025 | 1,007 | 916 | 894 | 928 | 840 | 739 | 887 | 806 | 833 | 850 | |||||
Assets | 7,648 | 7,677 | 7,691 | 7,555 | 7,408 | 7,549 | 7,534 | 7,343 | 7,491 | 7,774 | 7,582 | 7,640 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Debt Current | 130 | 125 | 129 | 175 | 109 | 103 | 96 | 142 | 125 | 150 | 119 | 37 | |||||
Accounts Payable And Accrued Liabilities Current | 1,159 | 1,225 | 1,195 | 1,147 | 1,095 | 1,111 | 1,069 | 1,032 | 1,094 | 1,158 | 1,114 | 1,125 | |||||
Employee Related Liabilities Current | 871 | 1,022 | 899 | 745 | 759 | 900 | 800 | 672 | 708 | 851 | 751 | 695 | |||||
Accrued Income Taxes Current | 87 | 29 | 75 | 64 | 31 | 20 | 31 | 28 | 20 | 21 | 7 | 55 | |||||
Other Liabilities Current | 179 | 191 | 209 | 195 | 209 | 196 | 245 | 239 | 233 | 218 | 226 | 211 | |||||
Liabilities Of Disposal Group Including Discontinu… | - | - | - | - | - | - | - | 23 | - | - | - | - | |||||
Liabilities Current | 2,426 | 2,592 | 2,506 | 2,326 | 2,203 | 2,330 | 2,241 | 2,135 | 2,179 | 2,397 | 2,217 | 2,123 | |||||
Long Term Debt Noncurrent | 2,621 | 2,625 | 2,720 | 2,820 | 2,911 | 2,940 | 2,997 | 3,002 | 3,066 | 3,097 | 3,125 | 3,226 | |||||
Deferred Income Tax Liabilities Net | 38 | 14 | 19 | 18 | 17 | 13 | 43 | 30 | 59 | 14 | 97 | 56 | |||||
Operating Lease Liability Noncurrent | 369 | 247 | 261 | 247 | 255 | 270 | 280 | 284 | 297 | 320 | 306 | 324 | |||||
Other Liabilities Noncurrent | 241 | 244 | 227 | 241 | 246 | 241 | 270 | 253 | 265 | 269 | 267 | 288 | |||||
Liabilities | 5,695 | 5,721 | 5,733 | 5,651 | 5,631 | 5,794 | 5,831 | 5,704 | 5,866 | 6,096 | 6,011 | 6,018 | |||||
Stockholders Equity | |||||||||||||||||
Common Stock Value | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | |||||
Additional Paid In Capital | 3,033 | 3,038 | 3,020 | 3,006 | 2,992 | 2,986 | 2,971 | 2,959 | 2,955 | 2,957 | 2,944 | 2,930 | |||||
Retained Earnings Accumulated Deficit | -910 | -898 | -875 | -927 | -984 | -986 | -1,099 | -1,133 | -1,146 | -1,117 | -1,187 | -1,153 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -194 | -209 | -211 | -199 | -255 | -269 | -192 | -211 | -207 | -185 | -209 | -178 | |||||
Stockholders Equity | 1,953 | 1,956 | 1,958 | 1,904 | 1,777 | 1,755 | 1,702 | 1,640 | 1,625 | 1,678 | 1,572 | 1,621 | |||||
Minority Interest | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Liabilities And Stockholders Equity | 7,648 | 7,677 | 7,691 | 7,555 | 7,408 | 7,549 | 7,534 | 7,343 | 7,491 | 7,774 | 7,582 | 7,640 | |||||
Allowance For Doubtful Accounts Receivable Current | 95 | 93 | 92 | 90 | 89 | 89 | 89 | 88 | 85 | 85 | 82 | 82 | |||||
Common Stock Par Or Stated Value Per Share | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |||||
Common Stock Shares Authorized | 800 | 800 | 800 | 800 | 800 | 800 | 800 | 800 | 800 | 800 | 800 | 800 | |||||
Common Stock Shares Issued | 234 | 232 | 232 | 231 | 231 | 230 | 229 | 229 | 229 | 227 | 227 | 227 | |||||
Shares Outstanding | 234 | 232 | 232 | 231 | 231 | 230 | 229 | 229 | 229 | 227 | 227 | 227 | |||||
Subscribe to unlock 17+ years of financial data, unlimited metrics, and saved tables
Subscribe to unlock 17+ years of data, unlimited metrics, and saved tables
Custom Table
Subscribe to unlock 17+ years of financial data, unlimited metrics, transformations, and saved visuals
Subscribe to unlock 17+ years of data, unlimited metrics, transformations, and saved visuals
Interactive Financial Visualizations
Subscribe to unlock 17+ years of financial data
Subscribe to unlock 17+ years of data
Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -10.18% | -1.44% | - | - | - | - | - | - | - | - | - | - |
| 2025 | 2.34% | 11.37% | 18.81% | 17.77% | 18.52% | 27.56% | -1.05% | 0.00% | 6.30% | -7.54% | 0.69% | 8.07% |
| 2024 | 11.81% | 12.64% | 29.12% | 4.29% | 4.68% | 4.52% | 0.86% | -13.84% | -10.94% | -8.16% | -30.76% | -11.86% |
| 2023 | - | - | - | -14.65% | -26.27% | -33.98% | 16.01% | 43.83% | 35.82% | -2.60% | -1.20% | 5.50% |
Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial | ||||||||||||
Subscribe to unlock 17+ years of financial data and 50+ calculated metrics
Subscribe to unlock 17+ years of data and 50+ calculated metrics
Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.13 | 1.10 | 1.07 | 1.13 | 1.18 | 1.15 | 1.18 | 1.21 | 1.13 | 1.17 | 1.18 | 1.24 | |||||
| Quick Ratio | 1.01 | 1.02 | 0.98 | 1.04 | 1.07 | 1.08 | 1.08 | 1.11 | 1.02 | 1.09 | 1.08 | 1.11 | |||||
| Working Capital | 321.70M | 251.30M | 165.70M | 311.60M | 401.60M | 360.50M | 407.90M | 456.70M | 280.40M | 406.00M | 401.10M | 501.30M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 2.92 | 2.93 | 2.93 | 2.97 | 3.17 | 3.30 | 3.43 | 3.48 | 3.61 | 3.63 | 3.82 | 3.71 | |||||
| Interest Coverage TTM | 2.19 | 2.09 | 2.07 | 1.94 | 1.63 | 1.47 | 1.19 | 0.97 | 0.92 | 0.73 | 0.74 | 1.10 | |||||
| Debt Ratio | 0.74 | 0.75 | 0.75 | 0.75 | 0.76 | 0.77 | 0.77 | 0.78 | 0.78 | 0.78 | 0.79 | 0.79 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 1.40 | 1.35 | 1.31 | 1.31 | 1.28 | 1.23 | 1.24 | 1.24 | 1.25 | 1.21 | 1.26 | 1.28 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 0.32 | 0.38 | 0.95 | 0.89 | 0.70 | 0.56 | 0.38 | 0.09 | 0.05 | -0.16 | -0.33 | -0.08 | |||||
| Free Cash Flow Per Share TTM | 0.88 | 1.27 | 0.71 | 0.55 | 0.59 | 0.73 | 1.08 | 1.02 | 0.86 | 0.45 | 0.67 | 0.07 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 18.18% | 18.27% | 18.33% | 18.60% | 18.42% | 18.27% | 17.89% | 17.70% | 17.63% | 17.40% | 17.29% | 17.48% | |||||
| Operating Profit Margin TTM | 4.42% | 4.40% | 4.50% | 4.29% | 3.83% | 3.59% | 2.93% | 2.76% | 2.57% | 2.17% | 2.16% | 2.66% | |||||
| Net Profit Margin TTM | 0.70% | 0.86% | 2.23% | 2.11% | 1.70% | 1.39% | 0.94% | 0.22% | 0.13% | -0.37% | -0.79% | -0.18% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 10.40% | 8.91% | 6.77% | 4.63% | 1.24% | -0.50% | -2.28% | -5.16% | -5.93% | -6.06% | -7.29% | -3.37% | |||||
| Net Income Growth (1Y) | -54.51% | -32.83% | 153.40% | 899.03% | 1,227.87% | -470.90% | -216.98% | -217.05% | -83.62% | -118.02% | -124.14% | -104.93% | |||||
| EPS Growth (1Y) | -54.98% | -33.49% | 150.99% | 888.67% | 1,213.46% | -467.66% | -215.90% | -216.07% | -83.75% | -117.91% | -123.98% | -104.89% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 38.73 | 42.44 | 16.49 | 12.45 | 14.54 | 22.80 | 35.43 | 115.61 | 195.40 | -69.22 | -22.96 | -105.55 | |||||
| P/B TTM | 1.46 | 1.91 | 1.88 | 1.35 | 1.33 | 1.71 | 1.84 | 1.45 | 1.47 | 1.46 | 1.10 | 1.15 | |||||
| P/S TTM | 0.27 | 0.36 | 0.37 | 0.26 | 0.25 | 0.32 | 0.33 | 0.26 | 0.25 | 0.26 | 0.18 | 0.19 | |||||
| Market Cap | 2.85B | 3.74B | 3.69B | 2.56B | 2.35B | 2.99B | 3.13B | 2.38B | 2.38B | 2.45B | 1.73B | 1.86B | |||||
| Enterprise Value | 4.99B | 5.69B | 5.87B | 4.91B | 4.73B | 5.22B | 5.41B | 4.92B | 4.99B | 4.90B | 4.34B | 4.55B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 203.90M | 293.00M | 164.60M | 126.30M | 136.00M | 167.00M | 247.30M | 234.50M | 197.10M | 101.20M | 152.40M | 16.30M | |||||
| Net Debt | 2.13B | 1.95B | 2.19B | 2.35B | 2.38B | 2.23B | 2.28B | 2.54B | 2.61B | 2.45B | 2.61B | 2.69B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
Subscribe to unlock 17+ years of financial data
Subscribe to unlock 17+ years of data
Insider Transactions
Subscribe to unlock 17+ years of financial data
Subscribe to unlock 17+ years of data
Institutional Ownership
Cushman & Wakefield Ltd. (CWK) — SEC Financial Statements & Analysis
Cushman & Wakefield Ltd. (CWK) is a real estate company, incorporated in D0. Cushman & Wakefield Ltd. trades on CWK: NYSE as: CWK. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), Cushman & Wakefield Ltd. reported a 10.40% year-over-year revenue growth, a Gross Profit Margin of 18.18% (TTM), a Debt-to-Equity ratio of 2.92x, a Price-to-Sales (P/S) ratio of 0.27x (TTM), a Price-to-Book (P/B) ratio of 1.46 (TTM), at a market cap of $2.85B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 10.40%
- Gross Profit Margin TTM
- 18.18%
- Debt To Equity
- 2.92x
- P/S TTM
- 0.27x
- P/B TTM
- 1.46
- Market Cap
- $2.85B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Cushman & Wakefield Ltd. in?
Cushman & Wakefield Ltd. (CWK) operates in the Real Estate industry.
What is CWK's market cap?
Cushman & Wakefield Ltd. (CWK) has a market capitalization of $2.85B as of 2026-03-31.
What is CWK's P/E ratio?
Cushman & Wakefield Ltd. (CWK)'s trailing twelve month P/E ratio is 38.73x as of 2026-03-31.
What exchange does CWK trade on?
Cushman & Wakefield Ltd. (CWK) trades on the CWK: NYSE.
Where is Cushman & Wakefield Ltd. incorporated?
Cushman & Wakefield Ltd. is incorporated in Bermuda.