The Tip Desk

Cushman & Wakefield Ltd.

Company Stats

Market Cap
$2.8B
as of Sep 30, 2026
Enterprise Value
$4.7B
Shares Outstanding
234.7M
Free Float
62.1%

Income Statement

Revenue
$10.3B
Operating Income
$452.5M
Net Income
$88.2M
EBITDA
$556.7M
Revenue Growth, 3Y
0.6%
FCF Margin, 3Y Avg
1.9%
FCF Margin, Worst Year
1.1%

Cash Flow

Free Cash Flow
$293.0M
FCF Yield
10.6%
Owner FCF Yield
8.5%

Balance Sheet

Cash & Equivalents
$784.2M
Total Debt
$2.7B
Net Debt
$1.9B
Net Debt / EBITDA
3.44x
EV / EBITDA
8.42x
Net Debt / EBIT
4.23x

Returns & Capital

SBC, 3Y Avg
$49.3M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$10.3B$293.0M2.8%
FY2024$9.4B$167.0M1.8%
FY2023$9.5B$101.2M1.1%
FY2022$10.1B-$1.6M-0.0%
FY2021$9.4B$495.7M5.3%

Annual filing data through FY ended December 31, 2025; shares and float as of November 1, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage