Tearsheet

Cushman & Wakefield (CWK)

Market Price (12/4/2025): $16.35 | Market Cap: $3.8 Bil
Sector: Real Estate | Industry: Real Estate Services

Cushman & Wakefield (CWK)

Market Price (12/4/2025): $16.35
Market Cap: $3.8 Bil
Sector: Real Estate
Industry: Real Estate Services

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.1%	Trading close to highs Dist 52W High is -4.4%, Dist 3Y High is -4.4%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 67%
1	Low stock price volatility Vol 12M is 41%	Weak multi-year price returns 3Y Excs Rtn is -24%	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.9%
2	Megatrend and thematic drivers Megatrends include Smart Buildings & Proptech, Sustainable & Green Buildings, and E-commerce Logistics & Data Centers. Themes include Building Management Systems, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.1%
1	Low stock price volatility Vol 12M is 41%
2	Megatrend and thematic drivers Megatrends include Smart Buildings & Proptech, Sustainable & Green Buildings, and E-commerce Logistics & Data Centers. Themes include Building Management Systems, Show more.
3	Trading close to highs Dist 52W High is -4.4%, Dist 3Y High is -4.4%
4	Weak multi-year price returns 3Y Excs Rtn is -24%
5	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 67%
6	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.9%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$16.35	$13.08	$10.80	$12.46	$22.24
Market Cap CYE ($ Bil)	3.8	3.0	2.5	2.8	5.0
Total Debt ($ Bil)	3.1	3.3	3.6	3.6	3.7
Total Cash ($ Bil)	0.6	0.8	0.8	0.6	0.8
Enterprise Value ($ Bil)	6.3	6.3	6.1	6.4	8.7
Valuation Ratios
P/S TTM	0.4	0.3	0.3	0.3	0.5
P/EBIT TTM	7.5	7.4	9.8	5.3	9.6
P/E TTM	16.5	22.8	-69.2	14.3	19.8
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0	0.0	0.0

	12/4/25	2024	2023
Share Price CYE	$16.35	$13.08	$10.80
Market Cap CYE ($ Bil)	3.8	3.0	2.5
Total Debt ($ Bil)	3.1	3.3	3.6
Total Cash ($ Bil)	0.6	0.8	0.8
Enterprise Value ($ Bil)	6.3	6.3	6.1
Valuation Ratios
P/S TTM	0.4	0.3	0.3
P/EBIT TTM	7.5	7.4	9.8
P/E TTM	16.5	22.8	-69.2
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0

	CWK	S&P 500
REVENUE GROWTH
Rev LTM ($ Bil)	10.0
Rev Chg Q	11.2%	7.1%
Rev Chg LTM	6.8%	6.1%
Rev Chg 3Y Avg	-0.9%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.5
CFO LTM ($ Bil)	0.2
Net Inc LTM ($ Bil)	0.2
Op Mgn LTM	4.6%	18.8%
CFO/Rev LTM	2.0%	20.5%
Net Inc Mgn	2.2%	13.1%
VALUATION	LOW
P/S	0.4	3.2
P/CFO	18.6	15.8
P/FCF	22.4	20.5
P/E	16.5	23.5

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Employees	52000	11042025	Link
Number of Offices	400	10302025	Link
Countries of Operation	60	10302025	Link
Commercial Space Managed (Square Feet)	5100000000	12312023	Link
Global Occupier Services Client Retention Rate	96%	10292025	Link

Upcoming
2/19/2026	Earnings Release	Rev: - EPS: -

CWK Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

1. Cushman & Wakefield reported strong third-quarter 2025 earnings, exceeding analyst expectations for both earnings per share (EPS) and revenue. The company's revenue of $2.61 billion surpassed the consensus estimate of $2.40 billion, marking an 11% increase compared to the same period in 2024. Adjusted diluted EPS reached $0.29, outperforming the estimated $0.28.

2. The company completed its significant corporate milestone of redomiciliation from the UK to Bermuda on November 27, 2025. This change in the place of incorporation was finalized after receiving approval from the High Court of Justice of England and Wales.

Stock Movement Drivers

Fundamental Drivers

The 6.3% change in CWK stock from 9/3/2025 to 12/3/2025 was primarily driven by a 5.8% change in the company's Net Income Margin (%).

	9032025	12032025	Change
Stock Price ($)	15.36	16.32	6.25%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	9742.20	10003.90	2.69%
Net Income Margin (%)	2.11%	2.23%	5.76%
P/E Multiple	17.27	16.90	-2.12%
Shares Outstanding (Mil)	231.40	231.50	-0.04%
Cumulative Contribution			6.25%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
CWK	6.2%
Market (SPY)	6.2%	42.1%
Sector (XLRE)	-1.0%	64.5%

Fundamental Drivers

The 58.9% change in CWK stock from 6/4/2025 to 12/3/2025 was primarily driven by a 31.7% change in the company's Net Income Margin (%).

	6042025	12032025	Change
Stock Price ($)	10.27	16.32	58.91%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	9546.30	10003.90	4.79%
Net Income Margin (%)	1.70%	2.23%	31.65%
P/E Multiple	14.61	16.90	15.73%
Shares Outstanding (Mil)	230.40	231.50	-0.48%
Cumulative Contribution			58.91%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
CWK	58.9%
Market (SPY)	15.1%	45.0%
Sector (XLRE)	-0.8%	58.8%

Fundamental Drivers

The 7.4% change in CWK stock from 12/3/2024 to 12/3/2025 was primarily driven by a 137.3% change in the company's Net Income Margin (%).

	12032024	12032025	Change
Stock Price ($)	15.20	16.32	7.37%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	9369.40	10003.90	6.77%
Net Income Margin (%)	0.94%	2.23%	137.33%
P/E Multiple	39.52	16.90	-57.22%
Shares Outstanding (Mil)	229.30	231.50	-0.96%
Cumulative Contribution			7.36%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
CWK	7.4%
Market (SPY)	14.3%	60.4%
Sector (XLRE)	-4.3%	64.3%

Fundamental Drivers

The 36.3% change in CWK stock from 12/4/2022 to 12/3/2025 was primarily driven by a 95.5% change in the company's P/E Multiple.

	12042022	12032025	Change
Stock Price ($)	11.97	16.32	36.34%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	10342.40	10003.90	-3.27%
Net Income Margin (%)	3.02%	2.23%	-26.04%
P/E Multiple	8.65	16.90	95.47%
Shares Outstanding (Mil)	225.70	231.50	-2.57%
Cumulative Contribution			36.25%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
CWK	84.4%
Market (SPY)	53.2%	51.7%
Sector (XLRE)	14.2%	60.8%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
CWK Return	-27%	50%	-44%	-13%	21%	25%	-20%
Peers Return	4%	10%	-39%	72%	-13%	74%	80%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
CWK Win Rate	42%	58%	42%	42%	42%	60%
Peers Win Rate	50%	48%	40%	52%	38%	25%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
CWK Max Drawdown	-61%	-5%	-53%	-48%	-14%	-40%
Peers Max Drawdown	-29%	-21%	-47%	-10%	-23%	-32%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: OPEN, MAYS, GBR, GYRO, CLBZ.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	CWK	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-71.8%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	255.1%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-61.1%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	156.9%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	632 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-29.2%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	41.3%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	121 days	120 days

Compare to OPEN, MAYS, GBR, GYRO, CLBZ

In The Past

Cushman & Wakefield's stock fell -71.8% during the 2022 Inflation Shock from a high on 2/16/2022. A -71.8% loss requires a 255.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Cushman & Wakefield (CWK)

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East, and Africa; and Asia Pacific segments. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and self-performed facilities services, which include janitorial, maintenance, critical environment management, landscaping, and office services. The company also provides owner representation and tenant representation leasing services; capital market services, including investment sales and equity, and debt and structured financing for real estate purchase and sales transactions; and appraisal management, investment management, valuation advisory, portfolio advisory, diligence advisory, dispute analysis and litigation support, financial reporting, and property and/or portfolio valuation services on real estate debt and equity decisions. Cushman & Wakefield has strategic partnerships with Vanke Service (Hong Kong) Co., Limited. It serves real estate owners and occupiers, such as tenants, investors, and multi-national corporations. Cushman & Wakefield plc was founded in 1784 and is based in London, the United Kingdom.

AI Generated Analysis | Feedback

Here are 1-3 brief analogies for Cushman & Wakefield (CWK):

Like McKinsey & Company, but exclusively for commercial real estate strategy and transactions.
Similar to one of the 'Big Four' accounting firms (Deloitte, PwC, etc.), but providing a full suite of services for commercial properties instead of financial audits.

AI Generated Analysis | Feedback

Here are the major services provided by Cushman & Wakefield:

Leasing Services: Represents both landlords and tenants in the leasing of commercial properties, including office, industrial, and retail spaces.
Capital Markets: Advises clients on the acquisition, disposition, and financing of commercial real estate investments across various asset classes.
Property Management: Manages the daily operations, maintenance, and financial performance of commercial properties for owners.
Facilities Management: Provides integrated services for managing and maintaining corporate facilities and workplaces for occupiers globally.
Valuation & Advisory: Offers independent property valuation, appraisal management, and strategic real estate consulting services.
Project & Development Services: Oversees and manages real estate development and construction projects from inception to completion for clients.

AI Generated Analysis | Feedback

Cushman & Wakefield (CWK) primarily sells its services to other companies and organizations.

Due to the nature of its commercial real estate services business, Cushman & Wakefield serves a highly diverse and extensive client base globally. As is typical for firms in this sector, it does not publicly disclose a few specific "major customers" by name, as no single client generally accounts for a material portion of its overall revenue. Instead, its customer base consists of a broad range of corporate, institutional, and private entities.

The major *categories* of customers that Cushman & Wakefield serves include:

Institutional Investors and Property Owners: These clients include pension funds, sovereign wealth funds, private equity firms specializing in real estate (e.g., Blackstone Real Estate - BX, Brookfield Asset Management - BAM), real estate investment trusts (REITs) (e.g., Simon Property Group - SPG, Prologis - PLD), and other private or public entities that own, develop, or invest in commercial real estate. They utilize CWK's services for capital markets transactions, property management, valuation, and advisory.
Corporate Occupiers and Tenants: This category encompasses businesses of all sizes, from large multinational corporations to smaller enterprises, across various industries (e.g., technology, finance, healthcare, retail, industrial). These companies use CWK's services for tenant representation, facilities management, project management, workplace strategy, and strategic consulting related to their real estate portfolios and operational spaces.
Financial Institutions: Banks, insurance companies, and other lending institutions that require real estate valuation services for loan underwriting, asset management of real estate portfolios, or disposition of distressed assets.

AI Generated Analysis | Feedback

null

AI Generated Analysis | Feedback

Michelle MacKay Global Chief Executive Officer

Michelle MacKay became Cushman & Wakefield's Chief Executive Officer in July 2023, having previously served as President and Chief Operating Officer, a role she assumed in 2020. She initially joined the company's Board of Directors in 2018. Before her tenure at Cushman & Wakefield, Ms. MacKay accumulated over 30 years of experience in real estate finance, holding leadership positions such as Executive Vice President, Investments & Head of Capital Markets at iStar, Inc.; Executive Director, Commercial Real Estate at UBS; Vice President, Fixed Income at J.P. Morgan; and Assistant Vice President, Real Estate and Fixed Income at The Hartford Financial Services Group, Inc.

Neil Johnston Global Chief Financial Officer

Neil Johnston joined Cushman & Wakefield as Executive Vice President and Chief Financial Officer in 2021. He is a finance veteran with 30 years of executive leadership experience. Prior to Cushman & Wakefield, Mr. Johnston served as EVP and CFO of Presidio, an IT solutions provider. For two decades before Presidio, he held various finance leadership roles at Cox Enterprises, a privately held global conglomerate, including EVP and CFO of Cox Automotive, EVP of Strategy and Digital Innovation of Cox Media Group (CMG), and CFO of CMG. His earlier career included roles at Coca-Cola Enterprises and Deloitte. Mr. Johnston is a certified public accountant and a chartered accountant.

Andrew McDonald Global President and Chief Operating Officer

Andrew McDonald is the Global President and Chief Operating Officer of Cushman & Wakefield, overseeing all commercial service lines and geographic regions. He also leads the firm's global Marketing, Communications & Research functions. Mr. McDonald began his career at ASIMCO, a Beijing-based private equity firm that was acquired by Bain Capital. In 1999, he joined Cushman Realty Corporation, which later merged with Cushman & Wakefield in 2001. He has held numerous leadership positions within Cushman & Wakefield, including President of the Americas and Asia Pacific regions, and Chief Executive Officer of the Americas region.

Noelle Perkins Executive Vice President, Chief Legal Officer & Corporate Secretary

Noelle Perkins serves as Cushman & Wakefield's Executive Vice President, Chief Legal Officer & Corporate Secretary.

Holly Tyson Chief People Officer

Holly Tyson is the Chief People Officer at Cushman & Wakefield.

AI Generated Analysis | Feedback

The rapid emergence and increasing sophistication of AI-driven PropTech platforms. These platforms, leveraging big data and artificial intelligence, are designed to automate and streamline many of the services traditionally provided by firms like Cushman & Wakefield. This includes intelligent platforms for tenant-property matching and lease negotiation, advanced Automated Valuation Models (AVMs) for commercial properties, and AI-powered solutions for predictive property and facilities management. Similar to how Uber's platform disintermediated traditional taxi services by offering a more efficient and technology-driven matching and transaction process, these PropTech innovations have the potential to reduce the reliance on human brokers, appraisers, and property managers in various segments of the commercial real estate market, potentially compressing margins and eroding traditional revenue streams for established service providers.

AI Generated Analysis | Feedback

Cushman & Wakefield (CWK) operates in several large addressable markets within the global commercial real estate services industry. Below are the estimated market sizes for their main products and services:

Commercial Real Estate Brokerage and Management: The global commercial real estate brokerage and management market size was valued at approximately USD 276.2 billion in 2024 and is projected to reach USD 476.4 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 5.93% during 2025-2033. In the U.S. alone, the commercial real estate brokerage industry recorded approximately $112 billion in annual revenue.
Property Management / Asset Services: The global property management market size was valued at USD 26.49 billion in 2024 and is projected to reach USD 42.78 billion by 2030, exhibiting a CAGR of 8.3% during the forecast period. Another estimate places the global property management market at USD 26.49 billion in 2024, with a projection to reach USD 50.87 billion by 2032, at a CAGR of 8.50%.
Facility Services / Management: The global facility management market is estimated at USD 1.517 trillion in 2025 and is forecast to reach USD 1.943 trillion by 2030, reflecting a 5.08% CAGR over the period. Other reports indicate the global facility management market size was valued at USD 1.75 trillion in 2024, projected to reach USD 2.33 trillion by 2033, growing at a CAGR of 3.3% from 2025 to 2033.
Valuation & Advisory: The global business valuation service market size was valued at approximately USD 203.7 billion in 2024 and is expected to reach USD 1,380.60 billion by 2033, growing at a CAGR of about 21% from 2025 to 2033. Another source estimates the global business valuation service market size was USD 203.7 billion in 2024 and is projected to reach USD 905.1 billion by 2032, growing at a CAGR of 20.16% from 2026-2032.
Project & Development Services (Construction Project Management): The global construction project management service market size was USD 5.83 billion in 2023 and is projected to reach USD 11.37 billion by 2032, at a CAGR of 8.71% during the forecast period. Another report states the construction project management services market is projected to reach a market size of USD 18.0 billion by 2034, up from USD 8.0 billion in 2024, reflecting a robust CAGR of 8.40%. The broader construction and engineering project management market was valued at USD 16.1 billion in 2024 and is expected to grow to USD 25 billion by 2035, with a CAGR of around 4.1% during the forecast period (2025-2035).

AI Generated Analysis | Feedback

Cushman & Wakefield (CWK) is expected to experience future revenue growth over the next 2-3 years driven by several key factors:

Growth in Capital Markets Revenue: The company anticipates continued strong performance in its Capital Markets segment, fueled by improving market dynamics, increased investment sales activity, and strategic talent initiatives. Cushman & Wakefield reported a 21% increase in Capital Markets revenue in Q3 2025, primarily from strong performance across all asset classes and deal sizes in the Americas, and expects mid-to-high teens growth for the full year 2025. This follows a 26% growth in Q2 2025.
Growth in Leasing Revenue: Leasing revenue is a significant driver, with consistent growth expected, particularly in office and industrial leasing in the Americas. The company projects full-year leasing revenue growth to be towards the high end of its 6% to 8% guidance range.
Expansion of Services Revenue: Cushman & Wakefield's Services business is projected to achieve healthy mid-single-digit revenue growth. This growth is supported by ongoing investments in the platform and improved operational performance, with organic Services revenue increasing by 7% in Q3 2025.
Strategic Growth Investments and Talent Acquisition: The company is actively investing organically in growth, including developing its data and AI infrastructure. Furthermore, Cushman & Wakefield is expanding its global capital markets platform by onboarding new institutional capital markets advisors, having hired over 45 advisors in key markets with significantly higher average gross revenue than previous years.
Market Share Gains and Benefiting from Global Real Estate Trends: Cushman & Wakefield aims to increase its market share in a fragmented global market. The firm is positioned to benefit from long-term secular tailwinds that are driving market expansion and evolving institutional investment trends within the real estate sector.

AI Generated Analysis | Feedback

Here is a summary of Cushman & Wakefield's capital allocation decisions over the last 3-5 years:

Share Repurchases

Cushman & Wakefield repurchased approximately $10.4 million and $8.1 million in shares for the payment of employee taxes on stock awards in the years ended December 31, 2024 and 2023, respectively.
For the nine months ended September 30, 2025 and 2024, shares repurchased for payment of employee taxes on stock awards were approximately $10.9 million and $10.2 million, respectively.
The company's capital allocation strategy includes retaining future earnings for potential share repurchases, though no cash dividends are intended for the foreseeable future.

Outbound Investments

Cushman & Wakefield made acquisitions of businesses, net of cash acquired, of approximately $4.9 million for the nine months ended September 30, 2025.
The company disposed of a non-core Services business on August 1, 2024, which reduced facilities management revenue by $57.1 million.
For the year ended December 31, 2024, proceeds from the disposition of a business amounted to $122.6 million.

Capital Expenditures

Capital expenditures, reflected as "Payment for property and equipment," were approximately $24.4 million for the nine months ended September 30, 2025, and $31.7 million for the nine months ended September 30, 2024.
Cushman & Wakefield plans to prioritize strategic allocation of capital towards growth investments, including advanced technologies and innovative practices, from 2025 onwards.

Better Bets than Cushman & Wakefield (CWK)

	CWK	Better Performance than CWK
Metric	Value	INDUSTRY: Real Estate Services
Rev Chg LTM	6.8%	COMP (24.3%), CIGI (19.7%), CBRE (15.0%), CSGP (14.6%), JLL (12.5%)
Rev Chg 3Y Avg	-0.9%	CSGP (13.1%), CBRE (7.9%), CIGI (6.5%), JLL (6.3%), COMP (2.8%)
Op Mgn LTM	4.6%	FRPH (23.6%), KW (12.2%), CIGI (7.1%), RMR (6.7%), NMRK (5.6%)
CFO/Rev LTM	2.0%	CSGP (11.9%), CIGI (5.3%), JLL (4.4%), CBRE (3.7%), COMP (3.0%)
FCF/Rev LTM	1.6%	OPEN (18.8%), CIGI (4.1%), JLL (3.6%), CBRE (2.9%), COMP (2.8%)
Total Yield	6.1%	RMR (18.3%), CHCI (15.5%), RMAX (6.8%), KW (6.6%)
P/S	0.4	HOUS (0.2), OPAD (0.2), DOUG (0.2), EXPI (0.4), RMR (0.4)
P/Op Inc	8.0	RMAX (4.1), RMR (5.4)

	CWK	Better Performance than CWK
Metric	Value	SECTOR: Real Estate
Rev Chg LTM	6.8%	WELL (32.6%), CBRE (15.0%), O (14.7%), PLD (10.7%), DLR (7.7%)
Rev Chg 3Y Avg	-0.9%	WELL (20.9%), PLD (18.1%), EQIX (8.5%), SPG (5.7%), AMT (0.1%)
Op Mgn LTM	4.6%	SPG (50.7%), AMT (46.4%), PLD (39.8%), EQIX (20.6%), WELL (16.2%)
CFO/Rev LTM	2.0%	SPG (65.3%), PLD (59.3%), AMT (50.1%), EQIX (41.4%), WELL (28.6%)
FCF/Rev LTM	1.6%	PLD (59.3%), SPG (50.7%), DLR (41.6%), AMT (35.3%), WELL (28.2%)
Total Yield	6.1%	VICI (13.2%), EQR (8.3%), EXR (7.8%), O (6.9%), AMT (6.7%)
P/S	0.4	HOUS (0.2), DOUG (0.2), SVC (0.2), EXPI (0.4), RMR (0.4)
P/Op Inc	8.0	SAFE (3.6), FOR (5.0), MPW (6.1), HHH (6.9), CBL (7.2)

	CWK	Better Performance than CWK
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	6.8%	NVDA (71.6%), AVGO (28.0%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%)
Rev Chg 3Y Avg	-0.9%	NVDA (92.0%), MSFT (13.2%), AMZN (11.3%), GOOGL (11.0%), AAPL (1.8%)
Op Mgn LTM	4.6%	NVDA (58.1%), MSFT (46.3%), GOOGL (32.2%), AAPL (31.9%), AMZN (11.4%)
CFO/Rev LTM	2.0%	MSFT (50.0%), NVDA (46.6%), GOOGL (39.3%), AAPL (26.6%), AMZN (18.1%)
FCF/Rev LTM	1.6%	NVDA (43.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%), AMZN (2.0%)
Total Yield	6.1%	XOM (10.3%), JNJ (8.4%), BAC (7.7%), JPM (6.7%), BRK-B (6.2%)
P/S	0.4	COR (0.2), CVS (0.2), MCK (0.2), CI (0.3), GM (0.3)
P/Op Inc	8.0	CMCSA (5.2), VZ (5.9), GM (7.1), CNQ (7.4), BUD (7.7)

		Best Bets In Real Estate Sector
	CWK
What You Pay
P/E	16.5
P/EBIT	7.5
What You Get
Rev Chg Q	11.2%
Rev Chg LTM	6.8%
Rev Chg 3Y Avg	-0.9%
FCF/Rev 3Y Avg	2.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 9.6%, alpha of 3.1%, and sharpe of 0.44

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	How Low Can Cushman & Wakefield Stock Really Go?	Return
2	CWK Dip Buy Analysis
3	Cushman & Wakefield (CWK) Valuation Ratios Comparison	Financials
4	Cushman & Wakefield Total Shareholder Return (TSR): 21.1% in 2024 and -16.2% 3-yr compounded annual returns (below peer average)
5	Time To Buy Cushman & Wakefield Stock?	Buy or Fear
6	Fundamental Metrics: ...
7	ARTICLES
8	Small Cap Stocks Trading At 52-Week High		September 13th, 2025

	Title
0	DASHBOARDS
1	How Low Can Cushman & Wakefield Stock Really Go?
2	CWK Dip Buy Analysis
3	Cushman & Wakefield (CWK) Valuation Ratios Comparison
4	Cushman & Wakefield Total Shareholder Return (TSR): 21.1% in 2024 and -16.2% 3-yr compounded annual returns (below peer average)
5	Time To Buy Cushman & Wakefield Stock?
6	Fundamental Metrics: ...
7	ARTICLES
8	Small Cap Stocks Trading At 52-Week High

Trade Ideas

Select past ideas related to CWK. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
MPW_10312025_Short_Squeeze	10312025	MPW	Medical Properties Trust	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	8.5%	8.5%	-5.8%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
MPW_10312025_Short_Squeeze	10312025	MPW	Medical Properties Trust	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	8.5%	8.5%	-5.8%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Cushman & Wakefield

Peers to compare with:

Financials

	CWK	OPEN	MAYS	GBR	GYRO	CLBZ	Median
Name	Cushman .	Opendoor.	J. W. Ma.	New Conc.	Gyrodyne	Collab Z
Mkt Price	16.32	6.94	38.50	0.76	9.50	-	9.50
Mkt Cap	3.8	5.1	0.1	0.0	0.0	-	0.1
Rev LTM	10,004	4,719	22	0	5	2	14
Op Inc LTM	461	-204	-0	-0	-3	0	-0
FCF LTM	165	887	0	-0	-2	1	0
FCF 3Y Avg	188	1,349	0	0	49	-	49
CFO LTM	198	899	3	-0	-2	1	2
CFO 3Y Avg	229	1,374	2	0	49	-	49

Growth & Margins

	CWK	OPEN	MAYS	GBR	GYRO	CLBZ	Median
Name	Cushman .	Opendoor.	J. W. Ma.	New Conc.	Gyrodyne	Collab Z
Rev Chg LTM	6.8%	-4.5%	4.1%	4.1%	-1.2%	-	4.1%
Rev Chg 3Y Avg	-0.9%	-31.7%	1.7%	5.8%	2.1%	-	1.7%
Rev Chg Q	11.2%	-33.6%	3.0%	8.1%	-1.8%	-72.9%	0.6%
QoQ Delta Rev Chg LTM	2.7%	-8.9%	0.7%	2.0%	-0.2%	-14.4%	0.3%
Op Mgn LTM	4.6%	-4.3%	-0.7%	-166.9%	-50.0%	18.1%	-2.5%
Op Mgn 3Y Avg	3.5%	-5.4%	-0.9%	-141.8%	-153.7%	-	-5.4%
QoQ Delta Op Mgn LTM	0.1%	-0.4%	-0.2%	-1.3%	2.6%	-28.2%	-0.3%
CFO/Rev LTM	2.0%	19.1%	11.2%	-26.5%	-43.8%	44.8%	6.6%
CFO/Rev 3Y Avg	2.4%	15.2%	9.2%	0.0%	1,138.1%	-	9.2%
FCF/Rev LTM	1.6%	18.8%	0.6%	-26.5%	-43.8%	42.3%	1.1%
FCF/Rev 3Y Avg	2.0%	14.8%	0.3%	0.0%	1,136.7%	-	2.0%

Valuation

	CWK	OPEN	MAYS	GBR	GYRO	CLBZ	Median
Name	Cushman .	Opendoor.	J. W. Ma.	New Conc.	Gyrodyne	Collab Z
Mkt Cap	3.8	5.1	0.1	0.0	0.0	-	0.1
P/S	0.4	1.3	3.4	38.2	0.2	-	1.3
P/EBIT	7.5	-32.7	-600.8	-22.9	-0.5	-	-22.9
P/E	16.5	-18.7	-562.2	-94.6	23.9	-	-18.7
P/CFO	18.6	6.6	30.4	-144.3	-0.5	-	6.6
Total Yield	6.1%	-5.4%	-0.2%	-1.1%	4.2%	-	-0.2%
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	-	0.0%
FCF Yield 3Y Avg	7.1%	60.3%	0.1%	0.1%	3,141.7%	-	7.1%
D/E	0.8	0.3	0.4	0.0	14.6	-	0.4
Net D/E	0.7	0.1	0.3	-0.1	3.6	-	0.3

Returns

	CWK	OPEN	MAYS	GBR	GYRO	CLBZ	Median
Name	Cushman .	Opendoor.	J. W. Ma.	New Conc.	Gyrodyne	Collab Z
1M Rtn	4.7%	-8.6%	0.7%	-17.0%	-5.1%	-	-5.1%
3M Rtn	6.2%	35.3%	1.3%	-21.8%	-6.9%	-	1.3%
6M Rtn	58.9%	1,005.8%	3.1%	-22.8%	15.0%	-	15.0%
12M Rtn	7.4%	221.3%	-8.3%	-34.4%	1.7%	-	1.7%
3Y Rtn	36.3%	305.8%	-20.7%	-41.9%	7.8%	-	7.8%
1M Excs Rtn	4.8%	-8.5%	0.8%	-17.0%	-5.0%	-	-5.0%
3M Excs Rtn	-2.4%	11.1%	-4.0%	-28.7%	-12.5%	-	-4.0%
6M Excs Rtn	44.2%	991.1%	-11.6%	-37.6%	0.3%	-	0.3%
12M Excs Rtn	-6.9%	183.0%	-21.9%	-50.1%	-17.8%	-	-17.8%
3Y Excs Rtn	-24.2%	208.5%	-93.3%	-117.7%	-66.1%	-	-66.1%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	10/30/2025	2/21/2025	2/21/2024	2/24/2023	2/25/2022	2/26/2021	2/28/2020
Key Financials
Total Revenue	10,004	9,446	9,494	10,106	9,389	7,844	8,751
Net Income	224	131	-35	196	250	-220	0
EPS	0.97	0.57	-0.16	0.87	1.12	-1.00	0.00
Growth Rates
Total Revenue Growth	6.8%	-0.5%	-6.1%	7.6%	19.7%	-10.4%	6.5%
Net Income Growth	153.4%	470.9%	-118.0%	-21.4%	213.4%	-110350.0%	100.1%
Margins
Net Income Margin	2.2%	1.4%	-0.4%	1.9%	2.7%	-2.8%	0.0%
Cash & Debt
Total Cash	634	793	768	644	771	1,075	813
Total Debt	3,110	3,313	3,566	3,596	3,658	3,681	3,117
Net Debt / (Cash)	2,476	2,520	2,798	2,952	2,887	2,606	2,304
Cash Flows
Net Cash from Operations	198	208	152	49	550	-38	269
Free Cash from Operations	165	167	101	-2	496	-79	189
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	11	10	8	27	9	19	32

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	10/30/2025	8/5/2025	4/29/2025	2/21/2025	11/5/2024	7/30/2024	4/30/2024	2/21/2024	10/31/2023	8/1/2023	5/5/2023	2/24/2023
Key Financials Quarterly
Total Revenue	2,606	2,484	2,285	2,630	2,344	2,288	2,185	2,552	2,286	2,406	2,249	2,647
Net Income	51	57	2	113	34	14	-29	70	-34	5	-76	30
EPS	0.22	0.25	0.01	0.49	0.15	0.06	-0.13	0.31	-0.15	0.02	-0.34	0.13
Key Financials TTM
Total Revenue TTM	10,004	9,742	9,546	9,446	9,369	9,311	9,429	9,494	9,588	9,817	10,024	10,106
Net Income TTM	224	206	162	131	88	21	12	-35	-75	-18	74	196
Growth Rates Quarterly
Total Revenue Growth	11.2%	8.6%	4.6%	3.0%	2.5%	-4.9%	-2.9%	-3.6%	-9.1%	-7.9%	-3.5%	-8.2%
Net Income Growth	52.5%	324.4%	106.6%	61.7%	199.4%	164.7%	62.3%	134.2%	-241.8%	-94.8%	-267.9%	-79.6%
Margins Quarterly
Net Income Margin	2.0%	2.3%	0.1%	4.3%	1.4%	0.6%	-1.3%	2.7%	-1.5%	0.2%	-3.4%	1.1%
Cash & Debt
Total Cash	634	618	623	793	775	567	554	768	588	502	460	644
Total Debt	3,110	3,242	3,274	3,313	3,373	3,427	3,488	3,566	3,550	3,588	3,594	3,596
Net Debt / (Cash)	2,476	2,624	2,651	2,520	2,598	2,860	2,934	2,798	2,962	3,086	3,135	2,952
Cash Flows Quarterly
FCF from Operations	236	10	-162	115	196	22	-125	202	188	-17	-222	244
Cash Flows TTM
FCF from Operations TTM	198	159	171	208	295	287	249	152	194	57	-14	49
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	10	0	0	1	9	0	0	0	7	0
Return on Invested Capital (ROIC) Quarterly
ROIC	8.1%	6.8%	1.5%	11.6%	4.2%	4.9%	1.7%	8.9%	4.7%	3.4%	-0.6%	2.8%
Return on Invested Capital (ROIC) TTM
ROIC TTM	7.5%	6.3%	5.9%	5.4%	4.7%	2.5%	1.8%	4.4%	4.1%	4.8%	2.9%	5.6%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Services	6,504	6,308	5,660	5,331	2,949
Leasing	1,852	2,106	1,860	1,288	1,939
Capital markets	698	1,191	1,354	772	1,029
Valuation and other	440	500	515	453	483
Gross contract reimbursables					2,351
Total	9,494	10,106	9,389	7,844	8,751

Price Behavior

Price Behavior

Market Price	$16.32
Market Cap ($ Bil)	3.8
First Trading Date	08/02/2018
Distance from 52W High	-4.4%
	50 Days	200 Days
DMA Price	$15.85	$12.74
DMA Trend	up	indeterminate
Distance from DMA	3.0%	28.1%
	3M	1YR
Volatility	34.3%	41.5%
Downside Capture	68.98	148.12
Upside Capture	77.66	135.98
Correlation (SPY)	41.9%	60.4%

CWK Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.45	1.17	1.23	1.48	1.27	1.43
Up Beta	1.55	2.02	2.50	2.52	0.97	1.15
Down Beta	0.92	1.31	1.31	1.44	1.46	1.42
Up Capture	192%	104%	89%	192%	174%	439%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	9	20	29	64	124	369
Down Capture	127%	77%	79%	63%	124%	109%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	10	21	31	58	121	374

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of CWK With Other Asset Classes (Last 1Y)
	CWK	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	5.4%	-6.8%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	41.3%	17.5%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	0.23	-0.55	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		64.2%	60.2%	-5.8%	8.7%	68.5%	22.7%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of CWK With Other Asset Classes (Last 5Y)
	CWK	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	0.7%	5.6%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	41.4%	19.2%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.14	0.21	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		59.4%	55.3%	9.0%	11.4%	63.7%	19.5%

Based On 10-Year Data

		Comparison of CWK With Other Asset Classes (Last 10Y)
	CWK	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-1.2%	6.6%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	47.1%	20.6%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.15	0.28	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		57.8%	57.3%	2.0%	20.9%	63.0%	18.3%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	10,497,141
Short Interest: % Change Since 10312025	-5.9%
Average Daily Volume	1,488,699
Days-to-Cover Short Interest	7.05
Basic Shares Quantity	231,500,000
Short % of Basic Shares	4.5%

Returns Analyses

	Title
0	How Low Can Cushman & Wakefield Stock Really Go?

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	10302025	10-Q 9/30/2025
6302025	8052025	10-Q 6/30/2025
3312025	4292025	10-Q 3/31/2025
12312024	2212025	10-K 12/31/2024
9302024	11052024	10-Q 9/30/2024
6302024	7302024	10-Q 6/30/2024
3312024	4302024	10-Q 3/31/2024
12312023	2212024	10-K 12/31/2023
9302023	10312023	10-Q 9/30/2023
6302023	8012023	10-Q 6/30/2023
3312023	5052023	10-Q 3/31/2023
12312022	2242023	10-K 12/31/2022
9302022	11042022	10-Q 9/30/2022
6302022	8052022	10-Q 6/30/2022
3312022	5062022	10-Q 3/31/2022
12312021	2252022	10-K 12/31/2021

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Cushman & Wakefield (CWK)

Market Price (12/4/2025): $16.35 | Market Cap: $3.8 BilSector: Real Estate | Industry: Real Estate Services

Cushman & Wakefield (CWK)

Market Price (12/4/2025): $16.35Market Cap: $3.8 BilSector: Real EstateIndustry: Real Estate Services

Valuation, Metrics & Events

CWK Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Cushman & Wakefield (CWK)

Share Repurchases

Outbound Investments

Capital Expenditures

Interactive Breakdown

Better Bets than Cushman & Wakefield (CWK)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

1 Month Top Gainers

1 Month Top Losers

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Cushman & Wakefield

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

Industry Resources

External Quote Links

Market Price (12/4/2025): $16.35 | Market Cap: $3.8 Bil
Sector: Real Estate | Industry: Real Estate Services

Market Price (12/4/2025): $16.35
Market Cap: $3.8 Bil
Sector: Real Estate
Industry: Real Estate Services