Cushman & Wakefield (NYSE:CWK) Issues Quarterly Earnings Results

Cushman & Wakefield (NYSE:CWK) posted its quarterly earnings data on Thursday. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01, Zacks reports. Cushman & Wakefield had a net margin of 2.23% and a return on equity of 14.69%. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the previous year, the company posted $0.48 EPS. Cushman & Wakefield’s revenue was up 10.8% on a year-over-year basis.

Here are the key takeaways from Cushman & Wakefield’s conference call:

• Cushman reported strong 2025 results with revenue of $7.1B (+7%), adjusted EPS up 34%, Adjusted EBITDA of $656M (+11%), $293M in free cash flow (>100% conversion), and year‑end net leverage of 2.9x.
• Management reiterated its outlook and three‑year targets: 2026 revenue growth of 6%–8%, 15%–20% annual adjusted EPS growth, expected 60%–80% free cash flow conversion in 2026, and a plan to reach 2.0x leverage by 2028.
• The company recorded a $177M non‑cash impairment to its Greystone multifamily JV due to lower forward earnings expectations, with Greystone now expected to contribute roughly $36M of adjusted EBITDA as a run rate.
• Leadership highlighted an AI‑driven transformation—breaking down data silos, combining proprietary data and AI workflows across advisory and services—to drive cross‑selling, efficiency, and differentiated client offerings.
• Operational momentum continues in capital markets and leasing (Q4 capital markets +15% globally, Americas +19%; leasing hit record quarterly levels), and the company plans a balanced capital allocation of continued hiring and organic investment alongside ongoing deleveraging and potential future buybacks.

Cushman & Wakefield Stock Performance

NYSE:CWK traded up $0.07 on Friday, hitting $13.20. The company’s stock had a trading volume of 370,501 shares, compared to its average volume of 2,249,946. Cushman & Wakefield has a one year low of $7.64 and a one year high of $17.40. The firm has a market capitalization of $3.06 billion, a P/E ratio of 13.73 and a beta of 1.47. The stock has a fifty day moving average of $15.84 and a two-hundred day moving average of $15.73. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.39.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Cushman & Wakefield by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 12,850,956 shares of the company’s stock worth $208,062,000 after acquiring an additional 109,963 shares during the period. State Street Corp increased its stake in shares of Cushman & Wakefield by 2.2% during the fourth quarter. State Street Corp now owns 9,138,118 shares of the company’s stock worth $147,946,000 after purchasing an additional 197,430 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Cushman & Wakefield by 23.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,519,263 shares of the company’s stock worth $105,549,000 after purchasing an additional 1,233,055 shares during the last quarter. Channing Capital Management LLC boosted its stake in Cushman & Wakefield by 46.0% in the 4th quarter. Channing Capital Management LLC now owns 5,105,717 shares of the company’s stock valued at $82,662,000 after purchasing an additional 1,609,190 shares during the period. Finally, Balyasny Asset Management L.P. boosted its stake in Cushman & Wakefield by 128.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,879,485 shares of the company’s stock valued at $31,876,000 after purchasing an additional 1,620,143 shares during the period. 95.56% of the stock is owned by institutional investors.

Trending Headlines about Cushman & Wakefield

Here are the key news stories impacting Cushman & Wakefield this week:

• Positive Sentiment: Q4 results beat revenue and EPS estimates; revenue rose ~10.8% year-over-year, and EPS modestly topped consensus — the print and growth helped spark the rally. Cushman & Wakefield’s (NYSE:CWK) Q4 CY2025 sales beat estimates
• Positive Sentiment: Management highlighted Capital Markets growth, AI adoption and operating-leverage priorities on the call — these strategic focuses support higher-margin revenue mix and investor confidence in near-term profitability improvement. CWK Q4 Deep Dive: Capital Markets Growth, AI Adoption, and Operating Leverage Priorities
• Positive Sentiment: Product innovation: the firm launched a model to quantify AI momentum across commercial real estate, signaling revenue/consulting upside as clients adopt AI-driven services. Cushman & Wakefield Launches Commercial Real Estate’s First Model Designed to Quantify AI Momentum Across the Built Environment
• Neutral Sentiment: Earnings call and transcript coverage provide management detail and color for investors — worth reading for guidance and segment-level commentary but not new market-moving data by itself. Cushman & Wakefield plc (NYSE:CWK) Q4 2025 earnings call transcript
• Negative Sentiment: Valuation/technical headwinds: the shares remain below their 50- and 200-day moving averages, which can limit near-term upside for momentum traders; trading volume is light vs. average, reducing conviction. (See company metrics in the background summary.)
• Negative Sentiment: Balance sheet/leverage: debt-to-equity (~1.39) and modest net margin (~2.2%) mean operational execution and cash-flow improvement are critical to justify higher multiples. Analysts expect ~ $1.20 FY EPS consensus, so upside depends on continued margin gains.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Citizens Jmp set a $19.00 price target on shares of Cushman & Wakefield in a research report on Monday, November 3rd. Wolfe Research upgraded Cushman & Wakefield from a “peer perform” rating to an “outperform” rating and set a $19.00 target price for the company in a report on Monday, February 9th. Wall Street Zen upgraded shares of Cushman & Wakefield from a “buy” rating to a “strong-buy” rating in a report on Sunday, February 15th. Morgan Stanley reaffirmed an “overweight” rating and set a $19.00 price target on shares of Cushman & Wakefield in a research report on Friday, January 16th. Finally, Zacks Research cut Cushman & Wakefield from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.56.

About Cushman & Wakefield

Cushman & Wakefield is a leading global commercial real estate services firm headquartered in Chicago. The company provides a wide range of services to occupiers and investors, specializing in transaction management, property management, facilities management and project management. Its clientele spans corporate occupiers, landlords, investors and government entities seeking solutions to optimize their real estate portfolios and operations.

The firm’s core offerings include leasing advisory for office, industrial, retail and multifamily properties, as well as capital markets advice on acquisitions, dispositions and debt and equity placements.