Cushman & Wakefield plc (CWK) AI Stock Analysis

NYSE: CWKAI research summary: business, growth, valuation, analysts, bull and bear case.

CWK AI stock analysis summary

AI Research

Cushman & Wakefield plc (CWK) is a global commercial real estate services provider operating across the Americas, EMEA, and Asia Pacific. Over the trailing twelve months, the company generated $10.82B in revenue with a net profit margin of 0.6%. Its shares trade at a trailing P/E of 39.0x and carry $2.53B in net debt as of June 30, 2026.

Market cap
$2.65B
Revenue (TTM)
$10.82B
P/E
39.0x
fwd 7.4x
1Y return
-28.4%
S&P 500 16.8%
Avg. target
$17.18
52.1% vs last close

Bull case

  • Revenue expanded 11.2% year-over-year in the quarter ended June 30, 2026, reaching $10.82B over the trailing twelve months.
  • The stock trades at a forward P/E of 7.4x and a PEG ratio of 0.23, compared to the US-listed Real Estate peer median forward P/E of 23.5x.
  • Free cash flow grew to $293.0M in FY2025, up from $167.0M in FY2024 and -$1.6M in FY2022.

Bear case

  • Total debt stood at $3.03B as of June 30, 2026, resulting in net debt of $2.53B and a debt-to-equity ratio of 1.50.
  • Trailing twelve-month profit margin is thin at 0.6%, with quarterly earnings declining 11.2% year-over-year in the latest quarter.
  • The stock has dropped 30.2% year-to-date and 28.4% over the past year, lagging the S&P 500 return of 16.8% over the same period.

What Cushman & Wakefield does

Cushman & Wakefield plc operates globally as a provider of commercial real estate services under the Cushman & Wakefield brand. Headquartered in London, UK, the company serves clients through its Americas, Europe, Middle East, and Africa (EMEA), and Asia Pacific segments. Its services include integrated facilities management, project and development solutions, portfolio administration, transaction management, and strategic consulting. It also offers property management services, owner and tenant representation for leasing, capital markets services such as investment sales and structured financing, and advisory solutions including appraisal management, investment management, and valuation advisory.

Growth and profitability

Between FY2021 and FY2025, annual revenue increased from $9.39B to $10.29B, reflecting a 5-year revenue CAGR of 5.6%. Revenue declined 6.1% in FY2023 to $9.49B and 0.5% in FY2024 to $9.45B, before rebounding 8.9% in FY2025. Gross margin contracted from 20.7% in FY2021 to 16.2% in FY2025, while operating margin shifted from 5.3% in FY2021 down to 2.2% in FY2023, recovering to 4.5% in FY2025. Net income was -$35.4M in FY2023 but returned to positive at $131.3M in FY2024 and $88.2M in FY2025. In the latest quarter ended June 30, 2026, revenue increased 11.2% year-over-year, while quarterly earnings declined 11.2%.

CWK income statement →

Balance sheet and cash flow

As of June 30, 2026, Cushman & Wakefield held $500.5M in cash and short-term investments against total debt of $3.03B, resulting in net debt of $2.53B. Shareholders' equity stood at $2.02B, with total assets of $7.55B, a debt-to-equity ratio of 1.50, and a current ratio of 1.08. Free cash flow improved to $293.0M in FY2025 from $167.0M in FY2024 and -$1.6M in FY2022. In FY2025, cash usage included capital expenditures of $47.4M and share buybacks of $11.2M.

CWK balance sheet →

Valuation and performance

CWK trades at a trailing P/E of 39.0x, above the 21.6x median of its US-listed Real Estate peers. However, its forward P/E of 7.4x and EV/EBITDA of 10.0x sit below the sector medians of 23.5x and 14.7x, respectively. The company has a price-to-sales ratio of 0.2x compared to the peer median of 3.7x. Over the past year, CWK shares fell 28.4%, while the S&P 500 (SPY) gained 16.8%. Over five years, the stock declined 39.1% versus an 83.0% gain for the index.

CWK key metrics →

What analysts expect

Wall Street coverage consists of 4 Strong Buy, 4 Buy, and 4 Hold ratings, with 0 Sell or Strong Sell ratings. The mean price target of $17.18 implies 52.1% upside compared to the last close of $11.30. For the fiscal year ending December 31, 2026, analysts estimate revenue of $11.18B and EPS of $1.47, representing 20.4% projected EPS growth. For FY2027, 12 analysts project revenue of $11.90B and EPS of $1.70. The company beat EPS estimates in 2 of the last 4 quarters, with the next earnings release scheduled for October 29, 2026.

CWK forecast and price target →

Key risks and what to watch

  • Net debt of $2.53B and total debt of $3.03B present balance sheet leverage relative to cash of $500.5M.
  • Gross margin has trended lower across recent years, declining from 20.7% in FY2021 to 16.2% in FY2025.
  • The company's operating margin over the trailing twelve months was 4.9%, remaining well below the US-listed Real Estate peer median of 25.9%.
  • Earnings track record shows inconsistent execution, with EPS beating analyst expectations in only 2 of the last 4 quarters.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this CWK AI stock analysis

This page is an AI-written research summary of Cushman & Wakefield plc (CWK). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: CWK income statement, CWK balance sheet, CWK key metrics, CWK analyst forecast, CWK chart. See the CWK stock overview for the latest quote and news.

CWK AI stock analysis FAQ

What is Cushman & Wakefield's current net debt?

As of June 30, 2026, Cushman & Wakefield held $500.5M in cash and short-term investments against $3.03B in total debt, resulting in net debt of $2.53B.

What are analysts' earnings expectations for CWK in FY2026?

For the fiscal year ending December 31, 2026, analysts estimate EPS of $1.47, reflecting an estimated 20.4% increase, on projected revenue of $11.18B.

Does Cushman & Wakefield pay a dividend?

CWK does not currently report a dividend payout.

When is Cushman & Wakefield's next earnings report?

The company's next earnings release is scheduled for October 29, 2026.

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