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Side-by-side financial comparison of Avery Dennison (AVY) 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 ($2.5B vs $2.3B, roughly 1.1× Avery Dennison). On growth, Cushman & Wakefield Ltd. posted the faster year-over-year revenue change (11.0% vs 7.0%). Over the past eight quarters, Cushman & Wakefield Ltd.'s revenue compounded faster (5.3% CAGR vs 1.4%).
Avery Dennison Corporation is an American multinational manufacturer and distributor of pressure-sensitive adhesive materials, apparel branding labels and tags, RFID inlays, and specialty medical products. The company is a member of the Fortune 500 and is headquartered in Mentor, Ohio.
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.
AVY vs CWK — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $2.5B |
| Net Profit | $168.1M | — |
| Gross Margin | 28.9% | — |
| Operating Margin | 10.7% | 2.3% |
| Net Margin | 7.3% | — |
| Revenue YoY | 7.0% | 11.0% |
| Net Profit YoY | 1.1% | — |
| EPS (diluted) | — | $-0.05 |
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.
| Q1 26 | $2.3B | $2.5B | ||
| Q4 25 | $2.3B | $2.9B | ||
| Q3 25 | $2.2B | $2.6B | ||
| Q2 25 | $2.2B | $2.5B | ||
| Q1 25 | $2.1B | $2.3B | ||
| Q4 24 | $2.2B | $2.6B | ||
| Q3 24 | $2.2B | $2.3B | ||
| Q2 24 | $2.2B | $2.3B |
| Q1 26 | $168.1M | — | ||
| Q4 25 | $166.4M | $-22.4M | ||
| Q3 25 | $166.3M | $51.4M | ||
| Q2 25 | $189.0M | $57.3M | ||
| Q1 25 | $166.3M | $1.9M | ||
| Q4 24 | $174.0M | $112.9M | ||
| Q3 24 | $181.7M | $33.7M | ||
| Q2 24 | $176.8M | $13.5M |
| Q1 26 | 28.9% | — | ||
| Q4 25 | 28.7% | — | ||
| Q3 25 | 28.7% | — | ||
| Q2 25 | 28.8% | — | ||
| Q1 25 | 28.9% | — | ||
| Q4 24 | 27.9% | — | ||
| Q3 24 | 28.7% | — | ||
| Q2 24 | 29.6% | — |
| Q1 26 | 10.7% | 2.3% | ||
| Q4 25 | 9.1% | 6.1% | ||
| Q3 25 | 10.6% | 4.1% | ||
| Q2 25 | 11.5% | 4.9% | ||
| Q1 25 | 10.6% | 2.0% | ||
| Q4 24 | 11.0% | 6.6% | ||
| Q3 24 | 11.0% | 3.2% | ||
| Q2 24 | 10.7% | 3.1% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.3% | -0.8% | ||
| Q3 25 | 7.5% | 2.0% | ||
| Q2 25 | 8.5% | 2.3% | ||
| Q1 25 | 7.7% | 0.1% | ||
| Q4 24 | 8.0% | 4.3% | ||
| Q3 24 | 8.3% | 1.4% | ||
| Q2 24 | 7.9% | 0.6% |
| Q1 26 | — | $-0.05 | ||
| Q4 25 | $2.16 | $-0.10 | ||
| Q3 25 | $2.13 | $0.22 | ||
| Q2 25 | $2.41 | $0.25 | ||
| Q1 25 | $2.09 | $0.01 | ||
| Q4 24 | $2.17 | $0.49 | ||
| Q3 24 | $2.25 | $0.14 | ||
| Q2 24 | $2.18 | $0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $255.1M | $600.6M |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $2.3B | $2.0B |
| Total Assets | $9.0B | $7.6B |
| Debt / EquityLower = less leverage | 1.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $255.1M | $600.6M | ||
| Q4 25 | $202.8M | $784.2M | ||
| Q3 25 | $536.3M | $634.4M | ||
| Q2 25 | $215.9M | $618.2M | ||
| Q1 25 | $195.9M | $623.2M | ||
| Q4 24 | $329.1M | $793.3M | ||
| Q3 24 | $212.7M | $775.4M | ||
| Q2 24 | $208.8M | $567.3M |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $2.7B | ||
| Q3 25 | $3.2B | $2.8B | ||
| Q2 25 | $2.6B | $3.0B | ||
| Q1 25 | $2.6B | $3.0B | ||
| Q4 24 | $2.6B | $3.0B | ||
| Q3 24 | $2.0B | $3.1B | ||
| Q2 24 | $2.0B | $3.1B |
| Q1 26 | $2.3B | $2.0B | ||
| Q4 25 | $2.2B | $2.0B | ||
| Q3 25 | $2.2B | $2.0B | ||
| Q2 25 | $2.2B | $1.9B | ||
| Q1 25 | $2.2B | $1.8B | ||
| Q4 24 | $2.3B | $1.8B | ||
| Q3 24 | $2.4B | $1.7B | ||
| Q2 24 | $2.3B | $1.6B |
| Q1 26 | $9.0B | $7.6B | ||
| Q4 25 | $8.8B | $7.7B | ||
| Q3 25 | $8.9B | $7.7B | ||
| Q2 25 | $8.6B | $7.6B | ||
| Q1 25 | $8.4B | $7.4B | ||
| Q4 24 | $8.4B | $7.5B | ||
| Q3 24 | $8.5B | $7.5B | ||
| Q2 24 | $8.3B | $7.3B |
| Q1 26 | 1.38× | — | ||
| Q4 25 | 1.43× | 1.40× | ||
| Q3 25 | 1.45× | 1.45× | ||
| Q2 25 | 1.19× | 1.57× | ||
| Q1 25 | 1.19× | 1.70× | ||
| Q4 24 | 1.11× | 1.73× | ||
| Q3 24 | 0.85× | 1.81× | ||
| Q2 24 | 0.89× | 1.91× |
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 | — | $-243.5M |
| Free Cash FlowOCF − Capex | — | $-255.7M |
| FCF MarginFCF / Revenue | — | -10.1% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $203.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-243.5M | ||
| Q4 25 | $376.8M | $257.3M | ||
| Q3 25 | $312.1M | $235.5M | ||
| Q2 25 | $208.8M | $9.6M | ||
| Q1 25 | $-16.3M | $-162.0M | ||
| Q4 24 | $351.2M | $115.2M | ||
| Q3 24 | $270.1M | $196.1M | ||
| Q2 24 | $197.7M | $21.8M |
| Q1 26 | — | $-255.7M | ||
| Q4 25 | $309.7M | $234.3M | ||
| Q3 25 | $276.2M | $225.0M | ||
| Q2 25 | $178.8M | $300.0K | ||
| Q1 25 | $-52.3M | $-166.6M | ||
| Q4 24 | $281.7M | $105.9M | ||
| Q3 24 | $227.1M | $186.7M | ||
| Q2 24 | $150.2M | $10.0M |
| Q1 26 | — | -10.1% | ||
| Q4 25 | 13.6% | 8.0% | ||
| Q3 25 | 12.5% | 8.6% | ||
| Q2 25 | 8.1% | 0.0% | ||
| Q1 25 | -2.4% | -7.3% | ||
| Q4 24 | 12.9% | 4.0% | ||
| Q3 24 | 10.4% | 8.0% | ||
| Q2 24 | 6.7% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 0.8% | ||
| Q3 25 | 1.6% | 0.4% | ||
| Q2 25 | 1.4% | 0.4% | ||
| Q1 25 | 1.7% | 0.2% | ||
| Q4 24 | 3.2% | 0.4% | ||
| Q3 24 | 2.0% | 0.4% | ||
| Q2 24 | 2.1% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.88× | 4.58× | ||
| Q2 25 | 1.10× | 0.17× | ||
| Q1 25 | -0.10× | -85.26× | ||
| Q4 24 | 2.02× | 1.02× | ||
| Q3 24 | 1.49× | 5.82× | ||
| Q2 24 | 1.12× | 1.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVY
| Materials Group | $1.6B | 72% |
| Solutions Group | $649.2M | 28% |
CWK
| Services | $1.7B | 69% |
| Leasing | $497.7M | 20% |
| Capital markets | $181.6M | 7% |
| Valuation and other | $113.8M | 4% |
