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Side-by-side financial comparison of AMERICAN FINANCIAL GROUP INC (AFG) and Cushman & Wakefield Ltd. (CWK). Click either name above to swap in a different company.
Cushman & Wakefield Ltd. is the larger business by last-quarter revenue ($2.9B vs $2.1B, roughly 1.4× AMERICAN FINANCIAL GROUP INC). AMERICAN FINANCIAL GROUP INC runs the higher net margin — 14.5% vs -0.8%, a 15.3% gap on every dollar of revenue. On growth, Cushman & Wakefield Ltd. posted the faster year-over-year revenue change (10.8% vs -4.0%). Over the past eight quarters, Cushman & Wakefield Ltd.'s revenue compounded faster (15.5% CAGR vs 4.0%).
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.
Cushman & Wakefield Inc. is an American global commercial real estate and property management services firm. The company's corporate headquarters is located in Chicago, Illinois. It is named after co-founders J. Clydesdale Cushman and Bernard Wakefield.
AFG vs CWK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.1B | $2.9B |
| Net Profit | $299.0M | $-22.4M |
| Gross Margin | — | — |
| Operating Margin | 18.4% | 6.1% |
| Net Margin | 14.5% | -0.8% |
| Revenue YoY | -4.0% | 10.8% |
| Net Profit YoY | 17.3% | -119.8% |
| EPS (diluted) | $3.59 | $-0.10 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $2.1B | $2.9B | ||
| Q3 25 | $2.3B | $2.6B | ||
| Q2 25 | $1.9B | $2.5B | ||
| Q1 25 | $1.9B | $2.3B | ||
| Q4 24 | $2.1B | $2.6B | ||
| Q3 24 | $2.4B | $2.3B | ||
| Q2 24 | $1.9B | $2.3B | ||
| Q1 24 | $1.9B | $2.2B |
| Q4 25 | $299.0M | $-22.4M | ||
| Q3 25 | $215.0M | $51.4M | ||
| Q2 25 | $174.0M | $57.3M | ||
| Q1 25 | $154.0M | $1.9M | ||
| Q4 24 | $255.0M | $112.9M | ||
| Q3 24 | $181.0M | $33.7M | ||
| Q2 24 | $209.0M | $13.5M | ||
| Q1 24 | $242.0M | $-28.8M |
| Q4 25 | 18.4% | 6.1% | ||
| Q3 25 | 11.5% | 4.1% | ||
| Q2 25 | 11.9% | 4.9% | ||
| Q1 25 | 10.6% | 2.0% | ||
| Q4 24 | 14.9% | 6.6% | ||
| Q3 24 | 9.7% | 3.2% | ||
| Q2 24 | 14.3% | 3.1% | ||
| Q1 24 | 15.9% | 0.9% |
| Q4 25 | 14.5% | -0.8% | ||
| Q3 25 | 9.2% | 2.0% | ||
| Q2 25 | 9.0% | 2.3% | ||
| Q1 25 | 8.3% | 0.1% | ||
| Q4 24 | 11.9% | 4.3% | ||
| Q3 24 | 7.6% | 1.4% | ||
| Q2 24 | 11.0% | 0.6% | ||
| Q1 24 | 12.7% | -1.3% |
| Q4 25 | $3.59 | $-0.10 | ||
| Q3 25 | $2.58 | $0.22 | ||
| Q2 25 | $2.07 | $0.25 | ||
| Q1 25 | $1.84 | $0.01 | ||
| Q4 24 | $3.03 | $0.49 | ||
| Q3 24 | $2.16 | $0.14 | ||
| Q2 24 | $2.49 | $0.06 | ||
| Q1 24 | $2.89 | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.7B | $784.2M |
| Total DebtLower is stronger | $1.8B | $2.7B |
| Stockholders' EquityBook value | $4.8B | $2.0B |
| Total Assets | $32.6B | $7.7B |
| Debt / EquityLower = less leverage | 0.38× | 1.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $784.2M | ||
| Q3 25 | $1.8B | $634.4M | ||
| Q2 25 | $1.3B | $618.2M | ||
| Q1 25 | $1.3B | $623.2M | ||
| Q4 24 | $1.4B | $793.3M | ||
| Q3 24 | $1.3B | $775.4M | ||
| Q2 24 | $1.1B | $567.3M | ||
| Q1 24 | $1.1B | $553.5M |
| Q4 25 | $1.8B | $2.7B | ||
| Q3 25 | $1.8B | $2.8B | ||
| Q2 25 | $1.5B | $3.0B | ||
| Q1 25 | $1.5B | $3.0B | ||
| Q4 24 | $1.5B | $3.0B | ||
| Q3 24 | $1.5B | $3.1B | ||
| Q2 24 | $1.5B | $3.1B | ||
| Q1 24 | $1.5B | $3.2B |
| Q4 25 | $4.8B | $2.0B | ||
| Q3 25 | $4.7B | $2.0B | ||
| Q2 25 | $4.5B | $1.9B | ||
| Q1 25 | $4.4B | $1.8B | ||
| Q4 24 | $4.5B | $1.8B | ||
| Q3 24 | $4.7B | $1.7B | ||
| Q2 24 | $4.4B | $1.6B | ||
| Q1 24 | $4.2B | $1.6B |
| Q4 25 | $32.6B | $7.7B | ||
| Q3 25 | $33.8B | $7.7B | ||
| Q2 25 | $30.7B | $7.6B | ||
| Q1 25 | $30.3B | $7.4B | ||
| Q4 24 | $30.8B | $7.5B | ||
| Q3 24 | $32.6B | $7.5B | ||
| Q2 24 | $29.9B | $7.3B | ||
| Q1 24 | $30.0B | $7.5B |
| Q4 25 | 0.38× | 1.40× | ||
| Q3 25 | 0.38× | 1.45× | ||
| Q2 25 | 0.33× | 1.57× | ||
| Q1 25 | 0.34× | 1.70× | ||
| Q4 24 | 0.33× | 1.73× | ||
| Q3 24 | 0.31× | 1.81× | ||
| Q2 24 | 0.34× | 1.91× | ||
| Q1 24 | 0.35× | 1.96× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $784.0M | $257.3M |
| Free Cash FlowOCF − Capex | — | $234.3M |
| FCF MarginFCF / Revenue | — | 8.0% |
| Capex IntensityCapex / Revenue | — | 0.8% |
| Cash ConversionOCF / Net Profit | 2.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $293.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $784.0M | $257.3M | ||
| Q3 25 | $216.0M | $235.5M | ||
| Q2 25 | $191.0M | $9.6M | ||
| Q1 25 | $342.0M | $-162.0M | ||
| Q4 24 | $674.0M | $115.2M | ||
| Q3 24 | $459.0M | $196.1M | ||
| Q2 24 | $-88.0M | $21.8M | ||
| Q1 24 | $107.0M | $-125.1M |
| Q4 25 | — | $234.3M | ||
| Q3 25 | — | $225.0M | ||
| Q2 25 | — | $300.0K | ||
| Q1 25 | — | $-166.6M | ||
| Q4 24 | — | $105.9M | ||
| Q3 24 | — | $186.7M | ||
| Q2 24 | — | $10.0M | ||
| Q1 24 | — | $-135.6M |
| Q4 25 | — | 8.0% | ||
| Q3 25 | — | 8.6% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | -7.3% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 8.0% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | -6.2% |
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.5% |
| Q4 25 | 2.62× | — | ||
| Q3 25 | 1.00× | 4.58× | ||
| Q2 25 | 1.10× | 0.17× | ||
| Q1 25 | 2.22× | -85.26× | ||
| Q4 24 | 2.64× | 1.02× | ||
| Q3 24 | 2.54× | 5.82× | ||
| Q2 24 | -0.42× | 1.61× | ||
| Q1 24 | 0.44× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AFG
| Property And Casualty Insurance | $2.0B | 96% |
| Other | $83.0M | 4% |
CWK
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $1.8B | 61% |
| Other | $1.1B | 39% |
