| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 81 | 44.2x | 17.8x | Top tier | |
Growth | 43 | 11.0% | 7.1% | Around median | |
Quality | 55 | 8.7% | 4.5% | Around median | |
Safety | 40 | 4.3x | 2.6x | Around median | |
Capital Return | 89 | — | 2.12% | Top tier | |
Momentum | 35 | -13.8% | 2.9% | Bottom tier | |
Sentiment | 45 | 7 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Cushman & Wakefield provides services and consulting related to real estate and real assets through more than 50,000 employees worldwide. Its revenue model is divided between leasing and capital markets brokerage, relatively recurring services such as facilities, property, and project management, as well as valuation and other services; its operations also extend to data centers, infrastructure, energy, airports, hospitals, and services provided to governments.
In Q2 fiscal 2026, the company reported record second-quarter revenue of $2.8 billion, up 11% in local currency. Brokerage revenue, which includes leasing and capital markets, rose 19%, while services grew 7% and valuation and other services increased 8%; within this mix, leasing rose 27%, project management 20%, and facilities management 8%, while capital markets declined 1%.
Adjusted earnings before interest, taxes, depreciation, and amortization reached $184 million in Q2 fiscal 2026, up 13%, equivalent to an approximate margin of 6.6% of revenue, while adjusted earnings per share rose 17% to $0.35. This differs from profitability under statutory financial statements; EDGAR data for Q1 fiscal 2026 showed a net loss of $12.6 million and negative earnings per share of $0.05, compared with net income of $88.2 million and earnings per share of $0.38 in fiscal 2025.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus on CWK is “Neutral,” with an average target of $16 and a narrow range of $15 to $17; the average is approximately 8% below the 52-week range high of $17.40, while the range low is $11.57. This valuation reflects a balance between the increase in the fiscal 2026 adjusted earnings per share growth outlook to 18%–23% and improved leverage on one hand, and losses in Q4 fiscal 2025 and Q1 fiscal 2026 and weakness in capital markets in the Americas on the other.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Leasing was the largest driver, with revenue rising 27% globally and 35% in the Americas during Q2 fiscal 2026. Growth in the Americas occurred across nearly all transaction sizes, with strength in the legal, accounting, insurance, and technology sectors. This helped total brokerage revenue grow 19% despite a 1% decline in capital markets.
Revenue related to data centers increased 83% from the beginning of fiscal 2026 through the end of Q2. Data centers represent 25% of the integrated facilities management opportunity pipeline and are the company’s largest activities in this field. Cushman & Wakefield is focusing on technical services higher in the value chain, including advanced robotics work with higher margins.
On August 5, 2026, management said it expected revenue growth at the middle or upper end of the 6% to 8% range for fiscal 2026. It also raised its adjusted earnings per share growth target from 15%–20% to 18%–23%. However, the outlook includes more moderate growth in the second half of fiscal 2026 after the first half outperformed.
Net leverage declined to 3 times at the end of Q2 fiscal 2026, compared with 3.7 times a year earlier. The company repaid approximately $650 million in debt since the beginning of 2024, including $150 million since April 2026. It also ended the quarter with approximately $500 million in cash and cash equivalents and total liquidity of $1.5 billion.
Capital markets was the weakest business line in Q2 fiscal 2026, with revenue declining 1% globally and 6% in the Americas. Management attributed the U.S. decline to weakness in midsized office and multifamily transactions, where the company’s business is more concentrated. Leasing in Europe, the Middle East, and Africa also declined 6%, with notable pressure in the United Kingdom and Ireland.
In Q2 fiscal 2026, adjusted earnings before interest, taxes, depreciation, and amortization were $184 million, and adjusted earnings per share were $0.35, representing increases of 13% and 17%, respectively. However, EDGAR data for Q1 fiscal 2026 showed a net loss of $12.6 million and negative earnings per share of $0.05. For fiscal 2025, net income was $88.2 million and earnings per share were $0.38, illustrating the need to distinguish between adjusted performance and statutory profitability.
