Stocks · Real Estate · Real Estate - Services
Cushman & Wakefield plc CWK
$11.92 -1.16% Close, Oct 2, 2026 · NYSE · Market cap $2.79B
Inexpensive vs sectorHigh risk
Next earnings report: Oct 29, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $0.29, down 66.8% year over year.
- Net debt is 5.9× EBITDA, a high level of leverage.
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 35%
- EPS growth (TTM, YoY)Bottom 18%
- FCF growth (TTM, YoY)Top 6%
- Revenue growth, 3-year CAGRBottom 21%
- Revenue growth accelerationTop 43%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 30%
- Gross marginBottom 22%
- Operating marginBottom 15%
- Cash conversion (OCF / net income)Top 13%
- Accruals (lower is better)Top 45%
- Net debt / EBITDA (lower is better)Bottom 49%
- Interest coverTop 29%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 47%
- Free-cash-flow yieldTop 22%
- EBITDA / enterprise valueTop 27%
- Sales / enterprise valueTop 1%
- P/E vs own 5-year history (lower is better)Bottom 26%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 22%
- 6-month returnBottom 44%
- 1-year return vs S&P 500Bottom 25%
- Distance from 52-week highBottom 28%
- Trend checklist (0–4)Bottom 22%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 24%
- Consecutive EPS beatsTop 32%
- Share of analysts rating BuyBottom 45%
- Upside to consensus price targetTop 29%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 11%
- Maximum drawdown, 3 yearsBottom 30%
- Beta vs S&P 500 (lower is better)Bottom 2%
- Net debt / EBITDA (lower is better)Bottom 49%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 10.4% | 11.0% | ↑ |
| EPS growth (YoY) | -53.1% | -66.8% | ↓ |
| Gross margin | 18.3% | 16.4% | ↓ |
| Operating margin | 4.3% | 4.4% | ↑ |
| FCF margin | 1.3% | 2.8% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 11.0% | 10.4% | ↑ | Top 35% |
| EPS growth (TTM, YoY) | -66.8% | -53.1% | ↓ | Bottom 18% |
| Gross margin | 16.4% | 18.3% | ↓ | Bottom 22% |
| Operating margin | 4.4% | 4.3% | ↑ | Bottom 15% |
| Net margin | 0.6% | 2.1% | ↓ | — |
| Free-cash-flow margin | 2.8% | 1.3% | ↑ | — |
| Return on invested capital | 6.1% | — | Top 30% | |
| Revenue growth, 3-year CAGR | 0.6% | — | Bottom 21% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 3.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -3.5%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.7%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -29.0 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 5.95×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 2.2×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 0.86%
- Shareholder yield
- 0.86%
- Share count change, 1 year
- +1.7%
- Share count change, 3-year CAGR
- +1.3%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 5, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- -24.9%
- Average 2-day reaction, last 8
- -0.2%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $16.00
- Target vs current price
- +34.2%
- Analysts with a rating
- 16
- Share rating Buy or Strong Buy
- 44%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 5, 2026 | +0.1% | -0.4% | -2.3% | -4.9% | — |
| May 7, 2026 | +15.4% | -4.2% | -9.8% | -8.2% | -6.2% |
| Feb 19, 2026 | -118.5% | -3.2% | +1.5% | -8.6% | -5.5% |
| Oct 30, 2025 | +3.6% | -2.1% | -6.2% | +2.1% | -1.5% |
| Aug 5, 2025 | +36.4% | +8.7% | +9.6% | +25.2% | +36.6% |
| Apr 29, 2025 | +186.7% | +4.4% | +11.1% | +11.4% | +29.5% |
| Feb 20, 2025 | +6.7% | -6.0% | -7.8% | -19.4% | -18.7% |
| Nov 4, 2024 | +15.0% | +0.8% | +14.5% | +16.5% | +5.8% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 5, 2026 | $0.35 | $0.35 | +0.1% | $2.76B |
| May 7, 2026 | $0.15 | $0.13 | +15.4% | $2.54B |
| Feb 19, 2026 | -$0.10 | $0.53 | -118.5% | $2.04B |
| Oct 30, 2025 | $0.29 | $0.28 | +3.6% | $2.61B |
| Aug 5, 2025 | $0.30 | $0.22 | +36.4% | $2.48B |
| Apr 29, 2025 | $0.06 | $0.02 | +186.7% | $1.54B |
| Feb 20, 2025 | $0.48 | $0.45 | +6.7% | $2.63B |
| Nov 4, 2024 | $0.23 | $0.20 | +15.0% | $2.34B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 40.8× | 21.2× | 65th | Bottom 47% |
| P/E (forward) | 8.1× | — | — | — |
| EV / EBITDA | 12.5× | — | — | Top 27% |
| EV / Sales | 0.49× | — | — | Top 1% |
| Free-cash-flow yield | 10.82% | — | — | Top 22% |
| Earnings yield | 2.45% | — | — | Bottom 47% |
P/E over the past five years
Range 7.7× – 227.1× since Sep 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -25.4%
- Earnings per share growth (TTM)
- -66.8%
- Change in P/E multiple
- +215.3%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -2.7%
- 200-day average slope (20 days)
- -2.3%
- Distance from 50-day average
- -10.8%
- Distance from 200-day average
- -13.9%
- RSI (14)
- 36.7
- Relative volume
- 2.20×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 44.0%
- Volatility vs own 5-year history
- 65th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.51
- Correlation with S&P 500
- 0.52
- Current drawdown from 1-year high
- -30.7%
- Maximum drawdown, 3 years
- -49.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Feb 25, 2022 | Oct 25, 2023 | -71.8% | 418 days | Not yet recovered |
| Jun 1, 2021 | Jul 19, 2021 | -16.8% | 33 days | 78 days (Nov 5, 2021) |
| Dec 9, 2020 | Jan 13, 2021 | -16.1% | 23 days | 26 days (Feb 22, 2021) |
| Feb 24, 2021 | Mar 3, 2021 | -13.5% | 5 days | 6 days (Mar 11, 2021) |
| Oct 8, 2020 | Oct 28, 2020 | -12.2% | 14 days | 3 days (Nov 2, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $2.79B
- P/E (TTM)
- 40.8
- EPS, diluted (TTM)
- $0.29
- Revenue (TTM)
- $10.82B
- 52-week range
- $11.57 – $17.40
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $9.39B | $10.11B | $9.49B | $9.45B | $10.29B |
| Gross profit | $1.94B | $1.95B | $1.65B | $1.73B | $1.67B |
| Operating income | $497.0M | $535.1M | $205.6M | $338.9M | $458.6M |
| Net income | $250.0M | $196.4M | -$35.4M | $131.3M | $88.2M |
| EPS (diluted) | $1.10 | $0.86 | -$0.16 | $0.56 | $0.38 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.34B | $2.63B | $2.28B | $2.48B | $2.61B | $2.91B | $2.54B | $2.76B |
| Net income | $33.7M | $112.9M | $1.9M | $57.3M | $51.4M | -$22.4M | -$12.6M | $52.7M |
| EPS (diluted) | $0.14 | $0.48 | $0.01 | $0.25 | $0.22 | -$0.10 | -$0.05 | $0.22 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 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 |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | -$8.6M | -$27.2M | -$8.1M | -$10.4M | -$11.2M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $500.5M
- Total assets
- $7.55B
- Total liabilities
- $5.53B
- Total debt
- $3.03B
- Net debt
- $2.53B
- Shareholders’ equity
- $2.02B
As of Jun 30, 2026 (filed Aug 5, 2026).
Short interest
- Shares sold short
- 16,409,155
- Days to cover
- 9.21
- Change vs previous report
- +20.1%
FINRA short interest, settlement date Sep 15, 2026.