Cushman & Wakefield financials
$11.75−0.93%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.29B | $9.45B | $9.49B | $10.11B | $9.39B | $7.84B | $8.75B | $8.22B |
| Gross profit | $1.88B | $1.73B | $1.65B | $1.95B | $1.94B | $1.39B | $1.77B | $1.58B |
| Gross margin | 18.3% | 18.3% | 17.4% | 19.3% | 20.7% | 17.7% | 20.2% | 19.2% |
| Operating income | $452.5M | $338.9M | $205.6M | $535.1M | $497.0M | -$53.1M | $187.3M | $12.6M |
| Net income | $88.2M | $131.3M | -$35.4M | $196.4M | $250.0M | -$220.5M | $200.0K | -$185.8M |
| Net margin | 0.9% | 1.4% | −0.4% | 1.9% | 2.7% | −2.8% | 0.0% | −2.3% |
| Diluted EPS | $0.38 | $0.56 | $-0.16 | $0.86 | $1.10 | $-1.00 | $0.00 | $-1.09 |
| EBITDA | $562.8M | $502.2M | $389.3M | $690.9M | $817.8M | $267.6M | $491.7M | $304.1M |
| Operating cash flow | $340.4M | $208.0M | $152.2M | $49.1M | $549.5M | -$38.2M | $269.3M | -$2.2M |
| Free cash flow | $293.0M | $167.0M | $101.2M | -$1.6M | $495.7M | -$79.2M | $189.0M | -$86.4M |
| Diluted shares | 234.7M | 232.8M | 226.9M | 228.0M | 226.5M | 220.8M | 224.5M | 171.2M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $784.2M | $793.3M | $767.7M | $644.5M | $770.7M | $1.07B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $2.75B | $3.04B | $3.25B | $3.26B | $3.26B | $3.28B |
| Total assets | $7.68B | $7.55B | $7.77B | $7.95B | $7.89B | $7.34B |
| Total liabilities | $5.72B | $5.79B | $6.10B | $6.29B | $6.44B | $6.24B |
| Shareholders' equity | $1.96B | $1.76B | $1.68B | $1.66B | $1.45B | $1.10B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology