What is Cushman & Wakefield 's net debt?

Cushman & Wakefield (CWK) reported net debt of $2.53B in Q1 2026.

How has Cushman & Wakefield 's net debt changed year-over-year?

Cushman & Wakefield 's net debt decreased by 4.8% year-over-year, from $2.66B to $2.53B.

What is the long-term trend for Cushman & Wakefield 's net debt?

Over 5 years (2020 to 2025), Cushman & Wakefield 's net debt has grown at a -2.9% compound annual growth rate (CAGR), from $2.68B to $2.32B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Cushman & Wakefield CWK Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

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1.1×-0.3×

Travel + LeisureTNL

6×+1.6×

UnifirstUNF

-0.2×-0.1×

HES

Hess MidstreamHESM

3.1×-0.1×

Andersons Inc.ANDE

4×+2.1×

SeadrillSDRL

1×+0.6×

Other financials

Income statement

See full

Revenue$2.5B+11.0%

Gross profit$420.7M+9.5%

Operating income$58.7M+29.6%

Net income-$12.6M-763%

EPS (diluted)-$0.05-600%

Balance sheet

See full

Cash & equivalents$619.5M-3.2%

Total debt$3.2B-4.5%

Total equity$2.0B+9.9%

Total assets$7.6B+3.2%

Cash flow

See full

Operating cash flow-$243.5M-50.3%

CapEx$12.2M+165%

Free cash flow-$255.7M-53.5%

Valuation

See full

Market cap$3B+21.1%

Enterprise value$5.53B+7.3%

P/E30.6×—

P/S0.3×0.0×

Profitability

See full

Gross margin18.2%-0.2pp

Operating margin4.4%+0.6pp

Net margin2.2%—

FCF margin1.9%+0.5pp

Returns & leverage

See full

Return on equity12.2%—

Debt / equity1.6×-0.2×

Current ratio1.1×0.0×

Where this comes from

Calculated from Cushman & Wakefield ’s reported figures.

$3.2Btotal debt−$619.5Mcash and equivalents=$2.53B

The official record: Cushman & Wakefield ’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cushman & Wakefield 's net debt?: Cushman & Wakefield (CWK) reported net debt of $2.53B in Q1 2026.
How has Cushman & Wakefield 's net debt changed year-over-year?: Cushman & Wakefield 's net debt decreased by 4.8% year-over-year, from $2.66B to $2.53B.
What is the long-term trend for Cushman & Wakefield 's net debt?: Over 5 years (2020 to 2025), Cushman & Wakefield 's net debt has grown at a -2.9% compound annual growth rate (CAGR), from $2.68B to $2.32B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.