Cushman & Wakefield Ltd. — Earnings Quality Grade F
CWK · Real Estate
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 54 days, change +2 days YoY
AR growth 12.1% vs revenue growth 8.9%
Revenue 8.9%, CFFO 63.7%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 15.6% vs revenue 8.9%. Normal
Insufficient data
Gross margin 18.3%, change -0.0pp. Stable
Cash Flow Quality
CFFO/NI = 3.86. Profits backed by cash
FCF $0.3B, FCF/NI = 3.32
Accruals ratio = -3.3%. Low accruals
Cash $0.8B covers only 26% of debt $3.0B
Balance Sheet Health
Goodwill+Intangibles $2.7B = 139% of equity. Over 50%
Debt/EBITDA = 5.8x (>4x). Financial stress
Other assets 10.4% vs revenue 8.9%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 1% YoY. Normal
Manipulation Score
Insufficient data
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25