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Side-by-side financial comparison of APA Corporation (APA) 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 $2.2B, roughly 1.3× APA Corporation). APA Corporation runs the higher net margin — 15.0% vs -0.8%, a 15.8% gap on every dollar of revenue. On growth, Cushman & Wakefield Ltd. posted the faster year-over-year revenue change (10.8% vs -24.3%). Over the past eight quarters, Cushman & Wakefield Ltd.'s revenue compounded faster (15.5% CAGR vs 1.4%).
APA Corporation, a holding company for Apache Corporation, an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston.
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.
APA vs CWK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $2.9B |
| Net Profit | $331.0M | $-22.4M |
| Gross Margin | — | — |
| Operating Margin | 32.5% | 6.1% |
| Net Margin | 15.0% | -0.8% |
| Revenue YoY | -24.3% | 10.8% |
| Net Profit YoY | -22.1% | -119.8% |
| EPS (diluted) | $0.79 | $-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 | $2.2B | $2.9B | ||
| Q3 25 | $2.3B | $2.6B | ||
| Q2 25 | $2.3B | $2.5B | ||
| Q1 25 | $2.7B | $2.3B | ||
| Q4 24 | $2.9B | $2.6B | ||
| Q3 24 | $2.7B | $2.3B | ||
| Q2 24 | $2.8B | $2.3B | ||
| Q1 24 | $2.1B | $2.2B |
| Q4 25 | $331.0M | $-22.4M | ||
| Q3 25 | $205.0M | $51.4M | ||
| Q2 25 | $603.0M | $57.3M | ||
| Q1 25 | $418.0M | $1.9M | ||
| Q4 24 | $425.0M | $112.9M | ||
| Q3 24 | $-223.0M | $33.7M | ||
| Q2 24 | $541.0M | $13.5M | ||
| Q1 24 | $212.0M | $-28.8M |
| Q4 25 | 32.5% | 6.1% | ||
| Q3 25 | 33.7% | 4.1% | ||
| Q2 25 | 31.8% | 4.9% | ||
| Q1 25 | 31.9% | 2.0% | ||
| Q4 24 | 31.4% | 6.6% | ||
| Q3 24 | -5.2% | 3.2% | ||
| Q2 24 | 34.4% | 3.1% | ||
| Q1 24 | 32.2% | 0.9% |
| Q4 25 | 15.0% | -0.8% | ||
| Q3 25 | 9.0% | 2.0% | ||
| Q2 25 | 26.0% | 2.3% | ||
| Q1 25 | 15.4% | 0.1% | ||
| Q4 24 | 14.6% | 4.3% | ||
| Q3 24 | -8.1% | 1.4% | ||
| Q2 24 | 19.0% | 0.6% | ||
| Q1 24 | 9.9% | -1.3% |
| Q4 25 | $0.79 | $-0.10 | ||
| Q3 25 | $0.57 | $0.22 | ||
| Q2 25 | $1.67 | $0.25 | ||
| Q1 25 | $0.96 | $0.01 | ||
| Q4 24 | $0.97 | $0.49 | ||
| Q3 24 | $-0.60 | $0.14 | ||
| Q2 24 | $1.46 | $0.06 | ||
| Q1 24 | $0.44 | $-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 | $516.0M | $784.2M |
| Total DebtLower is stronger | $4.3B | $2.7B |
| Stockholders' EquityBook value | $6.1B | $2.0B |
| Total Assets | $17.8B | $7.7B |
| Debt / EquityLower = less leverage | 0.70× | 1.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $516.0M | $784.2M | ||
| Q3 25 | $475.0M | $634.4M | ||
| Q2 25 | $107.0M | $618.2M | ||
| Q1 25 | $67.0M | $623.2M | ||
| Q4 24 | $625.0M | $793.3M | ||
| Q3 24 | $64.0M | $775.4M | ||
| Q2 24 | $160.0M | $567.3M | ||
| Q1 24 | $102.0M | $553.5M |
| Q4 25 | $4.3B | $2.7B | ||
| Q3 25 | $4.3B | $2.8B | ||
| Q2 25 | $4.3B | $3.0B | ||
| Q1 25 | $5.2B | $3.0B | ||
| Q4 24 | $6.0B | $3.0B | ||
| Q3 24 | $6.4B | $3.1B | ||
| Q2 24 | $6.7B | $3.1B | ||
| Q1 24 | $5.2B | $3.2B |
| Q4 25 | $6.1B | $2.0B | ||
| Q3 25 | $6.0B | $2.0B | ||
| Q2 25 | $5.9B | $1.9B | ||
| Q1 25 | $5.4B | $1.8B | ||
| Q4 24 | $5.3B | $1.8B | ||
| Q3 24 | $5.1B | $1.7B | ||
| Q2 24 | $5.4B | $1.6B | ||
| Q1 24 | $2.6B | $1.6B |
| Q4 25 | $17.8B | $7.7B | ||
| Q3 25 | $17.7B | $7.7B | ||
| Q2 25 | $18.1B | $7.6B | ||
| Q1 25 | $18.5B | $7.4B | ||
| Q4 24 | $19.4B | $7.5B | ||
| Q3 24 | $19.4B | $7.5B | ||
| Q2 24 | $20.2B | $7.3B | ||
| Q1 24 | $15.0B | $7.5B |
| Q4 25 | 0.70× | 1.40× | ||
| Q3 25 | 0.72× | 1.45× | ||
| Q2 25 | 0.73× | 1.57× | ||
| Q1 25 | 0.96× | 1.70× | ||
| Q4 24 | 1.13× | 1.73× | ||
| Q3 24 | 1.25× | 1.81× | ||
| Q2 24 | 1.24× | 1.91× | ||
| Q1 24 | 1.99× | 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 | $808.0M | $257.3M |
| Free Cash FlowOCF − Capex | — | $234.3M |
| FCF MarginFCF / Revenue | — | 8.0% |
| Capex IntensityCapex / Revenue | — | 0.8% |
| Cash ConversionOCF / Net Profit | 2.44× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $293.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $808.0M | $257.3M | ||
| Q3 25 | $1.5B | $235.5M | ||
| Q2 25 | $1.2B | $9.6M | ||
| Q1 25 | $1.1B | $-162.0M | ||
| Q4 24 | $1.0B | $115.2M | ||
| Q3 24 | $1.3B | $196.1M | ||
| Q2 24 | $877.0M | $21.8M | ||
| Q1 24 | $368.0M | $-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 | 2.44× | — | ||
| Q3 25 | 7.12× | 4.58× | ||
| Q2 25 | 1.96× | 0.17× | ||
| Q1 25 | 2.62× | -85.26× | ||
| Q4 24 | 2.44× | 1.02× | ||
| Q3 24 | — | 5.82× | ||
| Q2 24 | 1.62× | 1.61× | ||
| Q1 24 | 1.74× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APA
| Oil And Gas Excluding Purchased | $1.7B | 76% |
| Oil And Gas Purchased | $323.0M | 15% |
| Oil Reserves | $114.0M | 5% |
| Other | $72.0M | 3% |
| Natural Gas Reserves | $30.0M | 1% |
CWK
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $1.8B | 61% |
| Other | $1.1B | 39% |
