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Side-by-side financial comparison of Claros Mortgage Trust, Inc. (CMTG) 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 $46.7M, roughly 62.3× Claros Mortgage Trust, Inc.). Cushman & Wakefield Ltd. runs the higher net margin — -0.8% vs -468.9%, a 468.2% gap on every dollar of revenue. On growth, Cushman & Wakefield Ltd. posted the faster year-over-year revenue change (10.8% vs -22.4%). Over the past eight quarters, Cushman & Wakefield Ltd.'s revenue compounded faster (15.5% CAGR vs -10.9%).
Claros Mortgage Trust, Inc. is a U.S.-based real estate investment trust that invests in diversified mortgage-related assets, including residential and commercial mortgage loans and mortgage-backed securities. It pursues stable, risk-adjusted long-term returns for shareholders via rigorous asset evaluation and active portfolio management.
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.
CMTG vs CWK — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $46.7M | $2.9B |
| Net Profit | $-219.2M | $-22.4M |
| Gross Margin | — | — |
| Operating Margin | — | 6.1% |
| Net Margin | -468.9% | -0.8% |
| Revenue YoY | -22.4% | 10.8% |
| Net Profit YoY | -117.7% | -119.8% |
| EPS (diluted) | $-1.56 | $-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 | $46.7M | $2.9B | ||
| Q3 25 | $46.1M | $2.6B | ||
| Q2 25 | $51.6M | $2.5B | ||
| Q1 25 | $43.4M | $2.3B | ||
| Q4 24 | $60.2M | $2.6B | ||
| Q3 24 | $64.9M | $2.3B | ||
| Q2 24 | $64.5M | $2.3B | ||
| Q1 24 | $58.8M | $2.2B |
| Q4 25 | $-219.2M | $-22.4M | ||
| Q3 25 | $-9.5M | $51.4M | ||
| Q2 25 | $-181.7M | $57.3M | ||
| Q1 25 | $-78.6M | $1.9M | ||
| Q4 24 | $-100.7M | $112.9M | ||
| Q3 24 | $-56.2M | $33.7M | ||
| Q2 24 | $-11.6M | $13.5M | ||
| Q1 24 | $-52.8M | $-28.8M |
| Q4 25 | — | 6.1% | ||
| Q3 25 | — | 4.1% | ||
| Q2 25 | — | 4.9% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | -468.9% | -0.8% | ||
| Q3 25 | -20.7% | 2.0% | ||
| Q2 25 | -351.9% | 2.3% | ||
| Q1 25 | -181.3% | 0.1% | ||
| Q4 24 | -167.2% | 4.3% | ||
| Q3 24 | -86.7% | 1.4% | ||
| Q2 24 | -17.9% | 0.6% | ||
| Q1 24 | -89.7% | -1.3% |
| Q4 25 | $-1.56 | $-0.10 | ||
| Q3 25 | $-0.07 | $0.22 | ||
| Q2 25 | $-1.30 | $0.25 | ||
| Q1 25 | $-0.56 | $0.01 | ||
| Q4 24 | $-0.72 | $0.49 | ||
| Q3 24 | $-0.40 | $0.14 | ||
| Q2 24 | $-0.09 | $0.06 | ||
| Q1 24 | $-0.39 | $-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 | $173.2M | $784.2M |
| Total DebtLower is stronger | $3.2B | $2.7B |
| Stockholders' EquityBook value | $1.5B | $2.0B |
| Total Assets | $4.7B | $7.7B |
| Debt / EquityLower = less leverage | 2.06× | 1.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.2M | $784.2M | ||
| Q3 25 | $339.5M | $634.4M | ||
| Q2 25 | $209.2M | $618.2M | ||
| Q1 25 | $127.8M | $623.2M | ||
| Q4 24 | $99.1M | $793.3M | ||
| Q3 24 | $113.9M | $775.4M | ||
| Q2 24 | $148.2M | $567.3M | ||
| Q1 24 | $232.5M | $553.5M |
| Q4 25 | $3.2B | $2.7B | ||
| Q3 25 | $3.7B | $2.8B | ||
| Q2 25 | $4.0B | $3.0B | ||
| Q1 25 | $4.7B | $3.0B | ||
| Q4 24 | $4.9B | $3.0B | ||
| Q3 24 | $5.1B | $3.1B | ||
| Q2 24 | $5.3B | $3.1B | ||
| Q1 24 | $5.5B | $3.2B |
| Q4 25 | $1.5B | $2.0B | ||
| Q3 25 | $1.7B | $2.0B | ||
| Q2 25 | $1.8B | $1.9B | ||
| Q1 25 | $1.9B | $1.8B | ||
| Q4 24 | $2.0B | $1.8B | ||
| Q3 24 | $2.1B | $1.7B | ||
| Q2 24 | $2.2B | $1.6B | ||
| Q1 24 | $2.2B | $1.6B |
| Q4 25 | $4.7B | $7.7B | ||
| Q3 25 | $5.4B | $7.7B | ||
| Q2 25 | $5.8B | $7.6B | ||
| Q1 25 | $6.7B | $7.4B | ||
| Q4 24 | $7.0B | $7.5B | ||
| Q3 24 | $7.3B | $7.5B | ||
| Q2 24 | $7.6B | $7.3B | ||
| Q1 24 | $7.8B | $7.5B |
| Q4 25 | 2.06× | 1.40× | ||
| Q3 25 | 2.09× | 1.45× | ||
| Q2 25 | 2.29× | 1.57× | ||
| Q1 25 | 2.42× | 1.70× | ||
| Q4 24 | 2.44× | 1.73× | ||
| Q3 24 | 2.44× | 1.81× | ||
| Q2 24 | 2.46× | 1.91× | ||
| Q1 24 | 2.47× | 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 | $2.4M | $257.3M |
| Free Cash FlowOCF − Capex | — | $234.3M |
| FCF MarginFCF / Revenue | — | 8.0% |
| Capex IntensityCapex / Revenue | — | 0.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $293.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4M | $257.3M | ||
| Q3 25 | $8.8M | $235.5M | ||
| Q2 25 | $-5.8M | $9.6M | ||
| Q1 25 | $-35.8M | $-162.0M | ||
| Q4 24 | $18.3M | $115.2M | ||
| Q3 24 | $39.2M | $196.1M | ||
| Q2 24 | $5.5M | $21.8M | ||
| Q1 24 | $21.5M | $-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 | — | — | ||
| Q3 25 | — | 4.58× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | -85.26× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 5.82× | ||
| Q2 24 | — | 1.61× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMTG
| Real Estate Owned Portfolio | $34.2M | 73% |
| Other | $11.1M | 24% |
| Mixed Use Property Fixed Rents | $1.4M | 3% |
CWK
Segment breakdown not available.
