Cushman & Wakefield Ltd.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $10.3B | $9.4B | $9.5B | $10.1B | $9.4B |
| Selling, general & administrative | $1.3B | $1.2B | $1.3B | $1.3B | $1.2B |
| Operating income | $452.5M | $338.9M | $205.6M | $535.1M | $497.0M |
| Interest expense | $216.2M | $229.9M | $281.1M | $193.1M | $179.5M |
| Pretax income | $114.2M | $175.8M | -$30.0M | $338.0M | $339.9M |
| Income tax expense | $26.0M | $44.5M | $5.4M | $141.6M | $89.9M |
| Net income | $88.2M | $131.3M | -$35.4M | $196.4M | $250.0M |
| Balance Sheet | |||||
| Cash and equivalents | $784.2M | $793.3M | $767.7M | $644.5M | $770.7M |
| Current assets | $2.8B | $2.7B | $2.8B | $2.8B | $2.8B |
| Total assets | $7.7B | $7.5B | $7.8B | $7.9B | $7.9B |
| Current liabilities | $2.6B | $2.3B | $2.4B | $2.4B | $2.4B |
| Total liabilities | $5.7B | $5.8B | $6.1B | $6.3B | $6.4B |
| Total debt | $2.7B | $3.0B | $3.2B | $3.2B | $3.3B |
| Stockholders' equity | $2.0B | $1.8B | $1.7B | $1.7B | $1.4B |
| Cash Flow Statement | |||||
| Cash from operations | $340.4M | $208.0M | $152.2M | $49.1M | $549.5M |
| Depreciation and amortization | $104.2M | $122.2M | $145.6M | $146.9M | $172.1M |
| Stock-based compensation | $58.2M | $35.6M | $54.1M | $40.3M | $58.2M |
| Capital expenditure | $47.4M | $41.0M | $51.0M | $50.7M | $53.8M |
| Free cash flow | $293.0M | $167.0M | $101.2M | -$1.6M | $495.7M |
| Impairments | $0 | $3.8M | $13.6M | $1.6M | $18.3M |
Shares outstanding 234.3M · Free float 53.6%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.