Valuation, from the filing
| Public float | $2.10B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $9.06 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 23.8× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 0.2× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 1.1× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
23.8× earnings today, against a median of 17.5× across 5 years on record. Above its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $2.10B | 23.8× | |
| 2024-06-30 | $2.30B | 17.5× | |
| 2022-06-30 | $2.50B | 12.7× | |
| 2021-06-30 | $2.40B | 9.6× | |
| 2019-06-30 | $1.70B | 8500.0× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Real Estate filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| FCF margin | 2.8% | 83th | |
| SBC / revenue | 0.6% | 22th | |
| Current ratio | 1.10x | 27th | |
| Effective tax rate | 22.8% | 73th | |
| CapEx / revenue | 0.5% | 33th | |
| Long-term debt / equity | 1.34x | 67th | |
| Revenue YoY growth | 8.9% | 63th | |
| Net margin | 0.9% | 46th | |
| Operating margin | 4.4% | 53th |
Cushman & Wakefield Ltd. (CWK) reported revenue of $10.82B and net income of $69.10M for the fiscal year ended 2026-06-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from Cushman & Wakefield Ltd.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Real Estate.
Income
| Metric | 2026-06-30 |
|---|---|
| Revenue | $10.82B |
| Cost of revenue | Unavailable |
| Gross profit | Unavailable |
| Operating income | $477.30M |
| Net income | $69.10M |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | Unavailable |
| Income tax expense | $31.60M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | $1.38B |
| General & administrative | Unavailable |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-06-30 |
|---|---|
| Cash & equivalents | $500.50M |
| Total assets | $7.55B |
| Current assets | $2.63B |
| Total liabilities | $5.53B |
| Current liabilities | $2.44B |
| Total equity incl. NCI | $2.02B |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | Unavailable |
| Accounts receivable | Unavailable |
| Goodwill | $2.06B |
| Long-term debt | $2.41B |
| Accounts payable | Unavailable |
Cash flow
| Metric | 2026-06-30 |
|---|---|
| Operating cash flow | $303.30M |
| Capital expenditures | $54.20M |
| Investing cash flow | $6.00M |
| Financing cash flow | -$417.10M |
| Net change in cash | Unavailable |
| Stock-based compensation | $57.10M |
| Common dividends paid | Unavailable |
| Common share repurchases | Unavailable |
| Depreciation & amortization | $105.10M |
Derived
| Metric | 2026-06-30 |
|---|---|
| Free cash flow | $249.10M |
| Gross margin | Unavailable |
| Operating margin | 4.4% |
| FCF margin | 2.3% |
| SBC / revenue | 0.5% |
| Current ratio | 1.08x |
| Revenue YoY growth | 11.0% |
| Net margin | 0.6% |
| R&D / revenue | Unavailable |
| CapEx / revenue | 0.5% |
| Long-term debt / equity | 1.19x |
| Effective tax rate | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open CWK in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.