Cushman & Wakefield (CWK) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Cushman & Wakefield

NYSE•Real Estate•Real Estate Services

$12.62+0.55(0.05%)After hours

Market Cap

$3.07B

P/E

44.5x

P/S

0.3x

P/B

1.5x

Cushman & Wakefield Limited, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, tenant experience, residential property management, and sustainability services; self-performed facilities services, which include janitorial, maintenance, environment management, landscaping, and office services; and project management sustainability and workplace consulting services. The company also provides owner representation and tenant representation leasing services; debt and structured financing for real estate purchase and sales transactions; and appraisal management, investment management, valuation advisory, portfolio advisory, diligence advisory, dispute analysis and litigation support, financial reporting, and property and/or portfolio valuation services on real estate debt and equity decisions. It serves real estate owners and occupiers, such as tenants, investors, and multinational companies. The company was founded in 1784 and is headquartered in Chicago, Illinois.

How this company scores

AverageMetricSide Score: 54/100

Strongest: Cash & Earnings Quality (21/25); weakest: Profitability (7/25).

Profitability7/25

Growth13/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality21/25

Strengths

Rising free cash flowImproving leverageConsistent growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 44.5x5y range 8.1x – 191.3x

Currently above its 17-quarter median.

P/S · 0.3x5y range 0.2x – 0.5x

Currently near its 20-quarter median.

P/B · 1.5x5y range 1.1x – 3.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $3.07B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $10.82B
Q. Revenue: $2.76B
TTM EBITDA: $582.40M
TTM Op. Income: $477.30M
Q. Op. Income: $134.20M
TTM Net Income: $69.10M
Q. Net Income: $52.70M
EPS: $0.22
Shares Out.: $234.40M

$10.82B in TTM revenue grew 11.0% YoY, reaching $2.76B last quarter. TTM EBITDA of $582.40M and TTM operating income of $477.30M show growth is flowing through to the bottom line. TTM net income of $69.10M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 18.5%
EBITDA Margin: 5.9%
Op. Margin: 4.9%
Net Margin: 1.9%

Op. margin of 4.9% is down 0.1% YoY — costs are rising relative to revenue. Net margin at 1.9% and gross margin of 18.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 2% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 44.5x
P/S Ratio: 0.3x
P/B Ratio: 1.5x

At 44.5x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 0.3x and P/B of 1.5x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 257% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $7.55B
Cash: $500.50M
Long-Term Debt: $2.41B
Book Value: $2.02B
D/E Ratio: 1.2
Debt/EBITDA: 14.8

With $7.55B in assets and $2.41B in long-term debt, D/E is 1.2and book value is $2.02B — moderate leverage. Over the past year, debt/equity is down 19% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $54.00M
TTM Free Cash Flow: $249.10M
FCF Margin: 2.3%
FCF / Net Income: 3.6

TTM FCF of $249.10M on $54.00M in operating cash flow. The FCF / Net Income ratio of 3.6x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 97% — an improving trend.