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Side-by-side financial comparison of TopBuild Corp (BLD) 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 $1.4B, roughly 1.8× TopBuild Corp). On growth, TopBuild Corp posted the faster year-over-year revenue change (17.2% vs 11.0%). Over the past eight quarters, Cushman & Wakefield Ltd.'s revenue compounded faster (5.3% CAGR vs 2.9%).
HashiCorp, Inc. is an American software company with a freemium business model based in San Francisco, California. HashiCorp provides tools and products that enable developers, operators and security professionals to provision, secure, run and connect cloud-computing infrastructure. It was founded in 2012 by Mitchell Hashimoto and Armon Dadgar. The company name HashiCorp is a portmanteau of co-founder last name Hashimoto and Corporation.
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.
BLD vs CWK — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $2.5B |
| Net Profit | $104.8M | — |
| Gross Margin | 27.7% | — |
| Operating Margin | 12.1% | 2.3% |
| Net Margin | 7.2% | — |
| Revenue YoY | 17.2% | 11.0% |
| Net Profit YoY | -15.1% | — |
| EPS (diluted) | $3.73 | $-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 | $1.4B | $2.5B | ||
| Q4 25 | $1.5B | $2.9B | ||
| Q3 25 | $1.4B | $2.6B | ||
| Q2 25 | $1.3B | $2.5B | ||
| Q1 25 | $1.2B | $2.3B | ||
| Q4 24 | $1.3B | $2.6B | ||
| Q3 24 | $1.4B | $2.3B | ||
| Q2 24 | $1.4B | $2.3B |
| Q1 26 | $104.8M | — | ||
| Q4 25 | $104.5M | $-22.4M | ||
| Q3 25 | $142.2M | $51.4M | ||
| Q2 25 | $151.6M | $57.3M | ||
| Q1 25 | $123.4M | $1.9M | ||
| Q4 24 | $150.5M | $112.9M | ||
| Q3 24 | $169.0M | $33.7M | ||
| Q2 24 | $150.7M | $13.5M |
| Q1 26 | 27.7% | — | ||
| Q4 25 | 27.2% | — | ||
| Q3 25 | 30.1% | — | ||
| Q2 25 | 30.4% | — | ||
| Q1 25 | 28.5% | — | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 30.7% | — | ||
| Q2 24 | 31.0% | — |
| Q1 26 | 12.1% | 2.3% | ||
| Q4 25 | 12.1% | 6.1% | ||
| Q3 25 | 15.4% | 4.1% | ||
| Q2 25 | 16.9% | 4.9% | ||
| Q1 25 | 14.4% | 2.0% | ||
| Q4 24 | 16.6% | 6.6% | ||
| Q3 24 | 17.8% | 3.2% | ||
| Q2 24 | 15.4% | 3.1% |
| Q1 26 | 7.2% | — | ||
| Q4 25 | 7.0% | -0.8% | ||
| Q3 25 | 10.2% | 2.0% | ||
| Q2 25 | 11.7% | 2.3% | ||
| Q1 25 | 10.0% | 0.1% | ||
| Q4 24 | 11.5% | 4.3% | ||
| Q3 24 | 12.3% | 1.4% | ||
| Q2 24 | 11.0% | 0.6% |
| Q1 26 | $3.73 | $-0.05 | ||
| Q4 25 | $3.69 | $-0.10 | ||
| Q3 25 | $5.04 | $0.22 | ||
| Q2 25 | $5.32 | $0.25 | ||
| Q1 25 | $4.23 | $0.01 | ||
| Q4 24 | $5.07 | $0.49 | ||
| Q3 24 | $5.65 | $0.14 | ||
| Q2 24 | $4.78 | $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 | $268.8M | $600.6M |
| Total DebtLower is stronger | $2.8B | — |
| Stockholders' EquityBook value | $2.4B | $2.0B |
| Total Assets | $6.7B | $7.6B |
| Debt / EquityLower = less leverage | 1.18× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $268.8M | $600.6M | ||
| Q4 25 | $184.7M | $784.2M | ||
| Q3 25 | $1.1B | $634.4M | ||
| Q2 25 | $842.5M | $618.2M | ||
| Q1 25 | $308.8M | $623.2M | ||
| Q4 24 | $400.3M | $793.3M | ||
| Q3 24 | $257.3M | $775.4M | ||
| Q2 24 | $463.2M | $567.3M |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $2.7B | ||
| Q3 25 | $2.9B | $2.8B | ||
| Q2 25 | $1.9B | $3.0B | ||
| Q1 25 | $1.4B | $3.0B | ||
| Q4 24 | $1.4B | $3.0B | ||
| Q3 24 | $1.4B | $3.1B | ||
| Q2 24 | $1.4B | $3.1B |
| Q1 26 | $2.4B | $2.0B | ||
| Q4 25 | $2.3B | $2.0B | ||
| Q3 25 | $2.2B | $2.0B | ||
| Q2 25 | $2.1B | $1.9B | ||
| Q1 25 | $2.1B | $1.8B | ||
| Q4 24 | $2.2B | $1.8B | ||
| Q3 24 | $2.1B | $1.7B | ||
| Q2 24 | $2.4B | $1.6B |
| Q1 26 | $6.7B | $7.6B | ||
| Q4 25 | $6.6B | $7.7B | ||
| Q3 25 | $6.4B | $7.7B | ||
| Q2 25 | $5.1B | $7.6B | ||
| Q1 25 | $4.6B | $7.4B | ||
| Q4 24 | $4.7B | $7.5B | ||
| Q3 24 | $4.7B | $7.5B | ||
| Q2 24 | $4.9B | $7.3B |
| Q1 26 | 1.18× | — | ||
| Q4 25 | 1.23× | 1.40× | ||
| Q3 25 | 1.29× | 1.45× | ||
| Q2 25 | 0.88× | 1.57× | ||
| Q1 25 | 0.65× | 1.70× | ||
| Q4 24 | 0.62× | 1.73× | ||
| Q3 24 | 0.66× | 1.81× | ||
| Q2 24 | 0.59× | 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 | $160.7M | $-243.5M |
| Free Cash FlowOCF − Capex | — | $-255.7M |
| FCF MarginFCF / Revenue | — | -10.1% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $203.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $160.7M | $-243.5M | ||
| Q4 25 | $176.7M | $257.3M | ||
| Q3 25 | $233.3M | $235.5M | ||
| Q2 25 | $193.7M | $9.6M | ||
| Q1 25 | $152.6M | $-162.0M | ||
| Q4 24 | $266.2M | $115.2M | ||
| Q3 24 | $240.7M | $196.1M | ||
| Q2 24 | $90.4M | $21.8M |
| Q1 26 | — | $-255.7M | ||
| Q4 25 | $159.4M | $234.3M | ||
| Q3 25 | $216.2M | $225.0M | ||
| Q2 25 | $182.2M | $300.0K | ||
| Q1 25 | $139.2M | $-166.6M | ||
| Q4 24 | $253.7M | $105.9M | ||
| Q3 24 | $219.8M | $186.7M | ||
| Q2 24 | $74.3M | $10.0M |
| Q1 26 | — | -10.1% | ||
| Q4 25 | 10.7% | 8.0% | ||
| Q3 25 | 15.5% | 8.6% | ||
| Q2 25 | 14.0% | 0.0% | ||
| Q1 25 | 11.3% | -7.3% | ||
| Q4 24 | 19.3% | 4.0% | ||
| Q3 24 | 16.0% | 8.0% | ||
| Q2 24 | 5.4% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 0.8% | ||
| Q3 25 | 1.2% | 0.4% | ||
| Q2 25 | 0.9% | 0.4% | ||
| Q1 25 | 1.1% | 0.2% | ||
| Q4 24 | 1.0% | 0.4% | ||
| Q3 24 | 1.5% | 0.4% | ||
| Q2 24 | 1.2% | 0.5% |
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.69× | — | ||
| Q3 25 | 1.64× | 4.58× | ||
| Q2 25 | 1.28× | 0.17× | ||
| Q1 25 | 1.24× | -85.26× | ||
| Q4 24 | 1.77× | 1.02× | ||
| Q3 24 | 1.42× | 5.82× | ||
| Q2 24 | 0.60× | 1.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BLD
| Installation Services | $651.1M | 45% |
| Specialty Distribution | $562.9M | 39% |
| Other | $231.8M | 16% |
CWK
| Services | $1.7B | 69% |
| Leasing | $497.7M | 20% |
| Capital markets | $181.6M | 7% |
| Valuation and other | $113.8M | 4% |
