{ "ok": true, "cik": "1628369", "ticker": "CWK", "name": "Cushman & Wakefield Ltd.", "filings": [ { "form": "8-K", "filed": "2026-09-15", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1628369/000162836926000126/0001628369-26-000126-index.htm" }, { "form": "10-Q", "filed": "2026-08-05", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1628369/000162836926000118/0001628369-26-000118-index.htm" }, { "form": "8-K", "filed": "2026-08-05", "items": [ "2.02 Results of Operations and Financial Condition", "7.01 Regulation FD Disclosure", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1628369/000162836926000116/0001628369-26-000116-index.htm" }, { "form": "8-K", "filed": "2026-06-15", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "7.01 Regulation FD Disclosure", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1628369/000162836926000102/0001628369-26-000102-index.htm" }, { "form": "8-K", "filed": "2026-06-04", "items": [ "8.01 Other Events" ], "url": "https://www.sec.gov/Archives/edgar/data/1628369/000162836926000098/0001628369-26-000098-index.htm" }, { "form": "8-K", "filed": "2026-05-15", "items": [ "8.01 Other Events" ], "url": "https://www.sec.gov/Archives/edgar/data/1628369/000162836926000075/0001628369-26-000075-index.htm" } ], "events12m": 15, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001628369.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1628369" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up Cushman & Wakefield Ltd. ($CWK). Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-09-15. 15 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 10288200000, "revenueGrowth1y": 0.08910178372942368, "revenueGrowthPerYear": 0.023136278065294613, "yearsOfData": 5, "operatingMargin": 0.04398242646915884, "operatingMarginPrior": 0.03587572116656963, "netMargin": 0.008572928209016154, "operatingCashFlow": 340400000, "capitalSpending": 47400000, "freeCashFlow": 293000000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 784200000, "longTermDebt": 2744500000, "longTermDebtChange": -0.09598471622912486, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 9388700000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 10105700000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 9493700000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 9446500000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 10288200000 } ], "totalEquity": 1955300000, "totalAssets": 7676600000, "equityRatio": 0.2547091160149024, "returnOnEquity": 0.04510816754462231, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 8518401546.96915, "high": 12223647563.983313, "baseline": 10777329892.420483, "n": 1471, "band": "b10" }, "ifPaceHeld": { "low": 8518401546.96915, "high": 12223647563.983313 } }, "edgarette": "🔖 Exposure: revenue $10.3B (FY2025), total debt $2.7B. Experience: revenue up 8.9% on the year, up 2.3% a year over 4 years; operating margin 4.4%, up from 3.6%. Soundness: equity 25.5% of assets, return on equity 4.5%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $8.5B and $12.2B next year (method v3, set from 1,471 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (8 filers, $50M+ revenue, real estate): operating margin 4.4% against a 21.1% median; growth 8.9% against 6.1%.", "peers": { "sic": 6500, "sicDescription": "Real Estate", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6500", "growth": [ 0.0606, 17 ], "opMargin": [ 0.2105, 8 ], "equityRatio": [ 0.5278, 14 ], "returnOnEquity": [ 0.064, 13 ] }, "summary": "Cushman & Wakefield (CWK) grew revenue 8.9% in FY2025 to $10.3 billion, operating margin 4.4% against a 21.1% median for real estate, equity 25.5% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Cushman & Wakefield Ltd. against its own record and its peers
Operating marginPeer median 21.1%4.4%Revenue, on the yearPeer median 6.1%8.9%Equity of assetsPeer median 52.8%25.5%Return on equityPeer median 6.4%4.5%Gold tick: the median of 13–14 peers with $50M+ revenue in real estate
", "chartHorizon": null, "backtest": { "tests": 6, "hits": 5, "rate": 0.8333333333333334, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T14:27:12.204Z", "hash": "aa18e0641944a9a2", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Cushman & Wakefield (CWK) grew revenue 8.9% in FY2025 to $10.3 billion, operating margin 4.4% against a 21.1% median for real estate, equity 25.5% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 10288200000, "totalDebt": 2744500000, "cash": 784200000 }, "experience": { "revenueGrowth1y": 0.08910178372942368, "revenueGrowthPerYear": 0.023136278065294613, "operatingMargin": 0.04398242646915884, "operatingMarginPrior": 0.03587572116656963, "netMargin": 0.008572928209016154, "freeCashFlow": 293000000 }, "soundness": { "equityRatio": 0.2547091160149024, "returnOnEquity": 0.04510816754462231, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 6500, "sicDescription": "Real Estate", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6500", "growth": [ 0.0606, 17 ], "opMargin": [ 0.2105, 8 ], "equityRatio": [ 0.5278, 14 ], "returnOnEquity": [ 0.064, 13 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "range": { "low": 8518401546.96915, "high": 12223647563.983313, "baseline": 10777329892.420483, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 1471, "sizeBand": "b10" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 6, "hits": 5, "rate": 0.8333333333333334, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T14:27:12.204Z", "hash": "aa18e0641944a9a2", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001628369.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1628369" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }