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Side-by-side financial comparison of Cushman & Wakefield Ltd. (CWK) and DARLING INGREDIENTS INC. (DAR). Click either name above to swap in a different company.
Cushman & Wakefield Ltd. is the larger business by last-quarter revenue ($2.5B vs $1.6B, roughly 1.6× DARLING INGREDIENTS INC.). On growth, Cushman & Wakefield Ltd. posted the faster year-over-year revenue change (11.0% vs 10.0%). Over the past eight quarters, Cushman & Wakefield Ltd.'s revenue compounded faster (5.3% CAGR vs -1.6%).
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.
Darling Ingredients Inc. is a global sustainable natural ingredients maker that converts edible and inedible organic byproducts into high-value products: food-grade nutritional ingredients, animal feed additives, pharmaceutical raw materials and biofuel components, serving food, agriculture, pharma and renewable energy markets across North America, Europe and Asia-Pacific.
CWK vs DAR — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $1.6B |
| Net Profit | — | $19.4M |
| Gross Margin | — | 24.7% |
| Operating Margin | 2.3% | 4.6% |
| Net Margin | — | 1.2% |
| Revenue YoY | 11.0% | 10.0% |
| Net Profit YoY | — | 14.2% |
| EPS (diluted) | $-0.05 | $0.12 |
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 | $2.5B | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.6B | $1.6B | ||
| Q2 25 | $2.5B | $1.5B | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $2.6B | $1.4B | ||
| Q3 24 | $2.3B | $1.4B | ||
| Q2 24 | $2.3B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | $-22.4M | — | ||
| Q3 25 | $51.4M | $19.4M | ||
| Q2 25 | $57.3M | $12.7M | ||
| Q1 25 | $1.9M | $-26.2M | ||
| Q4 24 | $112.9M | $101.9M | ||
| Q3 24 | $33.7M | $16.9M | ||
| Q2 24 | $13.5M | $78.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 24.7% | ||
| Q2 25 | — | 23.3% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 23.5% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 22.5% |
| Q1 26 | 2.3% | — | ||
| Q4 25 | 6.1% | — | ||
| Q3 25 | 4.1% | 4.6% | ||
| Q2 25 | 4.9% | 5.1% | ||
| Q1 25 | 2.0% | 2.1% | ||
| Q4 24 | 6.6% | 8.6% | ||
| Q3 24 | 3.2% | 4.2% | ||
| Q2 24 | 3.1% | 10.2% |
| Q1 26 | — | — | ||
| Q4 25 | -0.8% | — | ||
| Q3 25 | 2.0% | 1.2% | ||
| Q2 25 | 2.3% | 0.9% | ||
| Q1 25 | 0.1% | -1.9% | ||
| Q4 24 | 4.3% | 7.2% | ||
| Q3 24 | 1.4% | 1.2% | ||
| Q2 24 | 0.6% | 5.4% |
| Q1 26 | $-0.05 | — | ||
| Q4 25 | $-0.10 | — | ||
| Q3 25 | $0.22 | $0.12 | ||
| Q2 25 | $0.25 | $0.08 | ||
| Q1 25 | $0.01 | $-0.16 | ||
| Q4 24 | $0.49 | $0.63 | ||
| Q3 24 | $0.14 | $0.11 | ||
| Q2 24 | $0.06 | $0.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $600.6M | $91.5M |
| Total DebtLower is stronger | — | $4.0B |
| Stockholders' EquityBook value | $2.0B | $4.7B |
| Total Assets | $7.6B | $10.5B |
| Debt / EquityLower = less leverage | — | 0.86× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $600.6M | — | ||
| Q4 25 | $784.2M | — | ||
| Q3 25 | $634.4M | $91.5M | ||
| Q2 25 | $618.2M | $94.6M | ||
| Q1 25 | $623.2M | $81.5M | ||
| Q4 24 | $793.3M | $76.0M | ||
| Q3 24 | $775.4M | $114.8M | ||
| Q2 24 | $567.3M | $121.6M |
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.8B | $4.0B | ||
| Q2 25 | $3.0B | $3.9B | ||
| Q1 25 | $3.0B | $3.8B | ||
| Q4 24 | $3.0B | $3.9B | ||
| Q3 24 | $3.1B | $4.1B | ||
| Q2 24 | $3.1B | $4.3B |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | $4.7B | ||
| Q2 25 | $1.9B | $4.6B | ||
| Q1 25 | $1.8B | $4.4B | ||
| Q4 24 | $1.8B | $4.4B | ||
| Q3 24 | $1.7B | $4.6B | ||
| Q2 24 | $1.6B | $4.5B |
| Q1 26 | $7.6B | — | ||
| Q4 25 | $7.7B | — | ||
| Q3 25 | $7.7B | $10.5B | ||
| Q2 25 | $7.6B | $10.3B | ||
| Q1 25 | $7.4B | $10.0B | ||
| Q4 24 | $7.5B | $10.1B | ||
| Q3 24 | $7.5B | $10.6B | ||
| Q2 24 | $7.3B | $10.6B |
| Q1 26 | — | — | ||
| Q4 25 | 1.40× | — | ||
| Q3 25 | 1.45× | 0.86× | ||
| Q2 25 | 1.57× | 0.85× | ||
| Q1 25 | 1.70× | 0.86× | ||
| Q4 24 | 1.73× | 0.89× | ||
| Q3 24 | 1.81× | 0.91× | ||
| Q2 24 | 1.91× | 0.97× |
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 | $224.3M |
| Free Cash FlowOCF − Capex | $-255.7M | — |
| FCF MarginFCF / Revenue | -10.1% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 11.59× |
| TTM Free Cash FlowTrailing 4 quarters | $203.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-243.5M | — | ||
| Q4 25 | $257.3M | — | ||
| Q3 25 | $235.5M | $224.3M | ||
| Q2 25 | $9.6M | $145.8M | ||
| Q1 25 | $-162.0M | $249.0M | ||
| Q4 24 | $115.2M | $154.4M | ||
| Q3 24 | $196.1M | $274.5M | ||
| Q2 24 | $21.8M | $146.5M |
| Q1 26 | $-255.7M | — | ||
| 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 26 | -10.1% | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 4.58× | 11.59× | ||
| Q2 25 | 0.17× | 11.52× | ||
| Q1 25 | -85.26× | — | ||
| Q4 24 | 1.02× | 1.52× | ||
| Q3 24 | 5.82× | 16.19× | ||
| Q2 24 | 1.61× | 1.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CWK
| Services | $1.7B | 69% |
| Leasing | $497.7M | 20% |
| Capital markets | $181.6M | 7% |
| Valuation and other | $113.8M | 4% |
DAR
| Fats | $428.4M | 27% |
| Food Ingredients | $380.6M | 24% |
| Diamond Green Diesel Holdings Llc Joint Venture | $342.1M | 22% |
| Fuel Ingredients | $154.3M | 10% |
| Used Cooking Oil | $125.9M | 8% |
| Other Rendering | $76.9M | 5% |
| Bakery | $46.9M | 3% |
| Other Products And Services | $12.2M | 1% |
