CWK NYSE
Cushman & Wakefield plc
1W: +7.7%
1M: -2.2%
3M: -12.9%
YTD: -24.9%
1Y: -29.2%
3Y: +71.1%
5Y: -35.6%
$12.07
+0.17 (+1.43%)
After Hours: $13.22 (+1.15, +9.57%)
Weekly Expected Move ±6.2%
$10
$11
$12
$13
$13
Credit Risk of going bust: higher than 69% of companies Debt: 52.0% of company value Bonds: $75.2M held by 142 funds, 284 bp over Treasuries → details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.86 (down 93%), Cushman & Wakefield plc would be worth roughly what it owes.
Total debt $3.03B against a stock market value of $2.79B.
Distance to default 3.50 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $1.45B (short-term plus half of long-term), stock volatility 45.2%; Altman Z'' 0.46. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $0.86 (down 93%), Cushman & Wakefield plc would be worth roughly what it owes.
Total debt $3.03B against a stock market value of $2.79B.
Distance to default 3.50 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $1.45B (short-term plus half of long-term), stock volatility 45.2%; Altman Z'' 0.46. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Cash Flow Trends
Operating Cash Flow
$340M
+63.7% ▲
Capital Expenditures
$47M
-15.6% ▼
5Y CAGR: +2.9%
Free Cash Flow
$293M
+75.4% ▲
Dividends Paid
$0
+0.0% ▲
Buybacks
$11M
-7.7% ▼
Net Change in Cash
-$11M
-182.8% ▼
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $250M | $196M | -$35M | $131M | $88M |
| Depreciation & Amort. | $276M | $249M | $243M | $122M | $104M |
| Stock-Based Comp. | $58M | $40M | $54M | $36M | $58M |
| Change in Working Capital | -$36M | -$539M | -$124M | -$139M | -$111M |
| Other Non-Cash Items | $57M | $88M | $65M | $86M | $246M |
| Operating Cash Flow | $550M | $49M | $152M | $208M | $340M |
| — Investing Activities — | |||||
| Capital Expenditures | -$54M | -$51M | -$51M | $0 | -$47M |
| Acquisitions (Net) | -$7M | -$33M | $0 | $0 | $7M |
| Investment Purchases | -$689M | -$26M | -$7M | -$2M | -$9M |
| Investment Sales | $0 | $0 | $0 | $0 | $0 |
| Other Investing | $200K | -$11M | $107M | $83M | $29M |
| Investing Cash Flow | -$750M | -$121M | $49M | $81M | -$21M |
| — Financing Activities — | |||||
| Net Debt Issuance | -$40M | -$44M | -$34M | -$229M | -$326M |
| Stock Repurchased | -$9M | -$27M | -$8M | -$10M | -$11M |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing | -$17M | -$8M | -$78M | -$14M | -$13M |
| Financing Cash Flow | -$66M | -$79M | -$121M | -$253M | -$350M |
| Net Change in Cash | -$274M | -$171M | $82M | $13M | -$11M |
| Cash End of Period | $890M | $719M | $801M | $815M | $804M |
| Free Cash Flow | $496M | -$2M | $101M | $167M | $293M |