0001628369-26-000008
SEC filingCushman & Wakefield plc reported revenue of $10.29 billion for fiscal year 2025, generating operating income of $452.5 million and net income of $88.2 million. The company's profitability was impacted by significant losses from equity method investments totaling $168.3 million and net interest expense of $216.2 million. Operating cash flow was strong at $340.4 million, though the company used $350.5 million in financing activities primarily for debt repayment of $300.0 million. The balance sheet shows total assets of $7.68 billion with substantial goodwill of $2.06 billion, while maintaining $784.2 million in cash and equivalents. Long-term debt stands at $2.62 billion against total equity of $1.96 billion, resulting in a debt-to-equity ratio of approximately 1.34. The company's earnings per share was $0 for both basic and diluted calculations.
Cushman & Wakefield plc reported fiscal year 2025 revenue of $10.29 billion, generating operating income of $452.5 million and net income of $88.2 million. The company's profitability was significantly impacted by losses from equity method investments totaling $168.3 million and net interest expense of $216.2 million. Total costs and expenses amounted to $9.84 billion, consisting of costs of services ($8.41 billion), operating, administrative and other expenses ($1.32 billion), depreciation and amortization ($104.2 million), and restructuring, impairment and related charges ($6.1 million). The company reported earnings per share of $0 for both basic and diluted calculations, with weighted average shares outstanding of 231.2 million for basic and 234.7 million for diluted EPS.
The filing does not provide segment breakdown or geographic mix data for revenue analysis. The total revenue figure of $10.29 billion represents the company's consolidated performance across all business activities. No specific growth drivers, segment performance metrics, or comparative year-over-year revenue figures are disclosed in the provided data. The absence of segment reporting suggests the company may not break down revenue by business unit or geographic region in this filing.
The company achieved an operating margin of 4.4% based on operating income of $452.5 million against revenue of $10.29 billion. The cost structure shows services costs representing 81.7% of revenue at $8.41 billion, while operating, administrative and other expenses accounted for 12.8% at $1.32 billion. Depreciation and amortization expenses were $104.2 million (1.0% of revenue), and restructuring charges were minimal at $6.1 million. The net income margin was 0.9% after accounting for interest expense, equity investment losses, and taxes.
Operating activities generated $340.4 million in cash flow, driven by net income of $88.2 million and significant non-cash adjustments including depreciation and amortization ($104.2 million), impairment of equity method investment ($177.0 million), and stock-based compensation ($58.2 million). Investing activities resulted in a net cash outflow of $21.1 million, while financing activities used $350.5 million primarily for debt repayment ($300.0 million). The balance sheet shows total assets of $7.68 billion including current assets of $2.84 billion (with $784.2 million cash) and goodwill of $2.06 billion. Total liabilities stand at $5.72 billion with long-term debt of $2.62 billion, resulting in total equity of $1.96 billion.
The filing does not provide management guidance, strategic priorities, or specific risk factors in the provided data. No forward-looking statements, growth projections, or business outlook information is included in the extracted financial statements. The absence of this information suggests it may be contained in other sections of the 10-K filing not provided in this data extraction.