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Side-by-side financial comparison of Cushman & Wakefield Ltd. (CWK) and Flutter Entertainment plc (FLUT). Click either name above to swap in a different company.
Flutter Entertainment plc is the larger business by last-quarter revenue ($4.7B vs $2.9B, roughly 1.6× Cushman & Wakefield Ltd.). Flutter Entertainment plc runs the higher net margin — 0.2% vs -0.8%, a 1.0% gap on every dollar of revenue. On growth, Flutter Entertainment plc posted the faster year-over-year revenue change (24.9% vs 10.8%). Flutter Entertainment plc produced more free cash flow last quarter ($392.0M vs $234.3M). Over the past eight quarters, Flutter Entertainment plc's revenue compounded faster (18.1% CAGR vs 15.5%).
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.
Flutter Entertainment plc is an Irish-American multinational sports betting and gambling company. It is listed on the New York Stock Exchange and has a secondary listing on the London Stock Exchange. It owns brands such as Betfair, FanDuel, Paddy Power, PokerStars, Sky Betting & Gaming, and Sportsbet. Flutter is the world's largest online betting company.
CWK vs FLUT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $4.7B |
| Net Profit | $-22.4M | $10.0M |
| Gross Margin | — | 44.5% |
| Operating Margin | 6.1% | 5.4% |
| Net Margin | -0.8% | 0.2% |
| Revenue YoY | 10.8% | 24.9% |
| Net Profit YoY | -119.8% | -93.6% |
| EPS (diluted) | $-0.10 | $0.00 |
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 | $2.9B | $4.7B | ||
| Q3 25 | $2.6B | $3.8B | ||
| Q2 25 | $2.5B | $4.2B | ||
| Q1 25 | $2.3B | $3.7B | ||
| Q4 24 | $2.6B | $3.8B | ||
| Q3 24 | $2.3B | $3.2B | ||
| Q2 24 | $2.3B | $3.6B | ||
| Q1 24 | $2.2B | $3.4B |
| Q4 25 | $-22.4M | $10.0M | ||
| Q3 25 | $51.4M | $-789.0M | ||
| Q2 25 | $57.3M | $37.0M | ||
| Q1 25 | $1.9M | $335.0M | ||
| Q4 24 | $112.9M | $156.0M | ||
| Q3 24 | $33.7M | $-114.0M | ||
| Q2 24 | $13.5M | $297.0M | ||
| Q1 24 | $-28.8M | $-177.0M |
| Q4 25 | — | 44.5% | ||
| Q3 25 | — | 42.9% | ||
| Q2 25 | — | 46.8% | ||
| Q1 25 | — | 46.6% | ||
| Q4 24 | — | 48.2% | ||
| Q3 24 | — | 46.1% | ||
| Q2 24 | — | 49.2% | ||
| Q1 24 | — | 47.2% |
| Q4 25 | 6.1% | 5.4% | ||
| Q3 25 | 4.1% | -22.0% | ||
| Q2 25 | 4.9% | 9.3% | ||
| Q1 25 | 2.0% | 6.1% | ||
| Q4 24 | 6.6% | 7.4% | ||
| Q3 24 | 3.2% | 3.0% | ||
| Q2 24 | 3.1% | 10.2% | ||
| Q1 24 | 0.9% | 3.7% |
| Q4 25 | -0.8% | 0.2% | ||
| Q3 25 | 2.0% | -20.8% | ||
| Q2 25 | 2.3% | 0.9% | ||
| Q1 25 | 0.1% | 9.1% | ||
| Q4 24 | 4.3% | 4.1% | ||
| Q3 24 | 1.4% | -3.5% | ||
| Q2 24 | 0.6% | 8.2% | ||
| Q1 24 | -1.3% | -5.2% |
| Q4 25 | $-0.10 | $0.00 | ||
| Q3 25 | $0.22 | $-3.91 | ||
| Q2 25 | $0.25 | $0.59 | ||
| Q1 25 | $0.01 | $1.57 | ||
| Q4 24 | $0.49 | $0.47 | ||
| Q3 24 | $0.14 | $-0.58 | ||
| Q2 24 | $0.06 | $1.45 | ||
| Q1 24 | $-0.13 | $-1.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $784.2M | $1.8B |
| Total DebtLower is stronger | $2.7B | $12.3B |
| Stockholders' EquityBook value | $2.0B | $9.0B |
| Total Assets | $7.7B | $29.3B |
| Debt / EquityLower = less leverage | 1.40× | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $784.2M | $1.8B | ||
| Q3 25 | $634.4M | $1.7B | ||
| Q2 25 | $618.2M | $1.7B | ||
| Q1 25 | $623.2M | $1.5B | ||
| Q4 24 | $793.3M | $1.5B | ||
| Q3 24 | $775.4M | $1.5B | ||
| Q2 24 | $567.3M | $1.5B | ||
| Q1 24 | $553.5M | $1.4B |
| Q4 25 | $2.7B | $12.3B | ||
| Q3 25 | $2.8B | $12.1B | ||
| Q2 25 | $3.0B | $10.0B | ||
| Q1 25 | $3.0B | $6.8B | ||
| Q4 24 | $3.0B | $6.7B | ||
| Q3 24 | $3.1B | $6.9B | ||
| Q2 24 | $3.1B | $6.8B | ||
| Q1 24 | $3.2B | $6.8B |
| Q4 25 | $2.0B | $9.0B | ||
| Q3 25 | $2.0B | $9.2B | ||
| Q2 25 | $1.9B | $10.2B | ||
| Q1 25 | $1.8B | $9.9B | ||
| Q4 24 | $1.8B | $9.3B | ||
| Q3 24 | $1.7B | $10.2B | ||
| Q2 24 | $1.6B | $9.9B | ||
| Q1 24 | $1.6B | $9.5B |
| Q4 25 | $7.7B | $29.3B | ||
| Q3 25 | $7.7B | $29.3B | ||
| Q2 25 | $7.6B | $29.9B | ||
| Q1 25 | $7.4B | $24.8B | ||
| Q4 24 | $7.5B | $24.5B | ||
| Q3 24 | $7.5B | $25.5B | ||
| Q2 24 | $7.3B | $24.3B | ||
| Q1 24 | $7.5B | $24.4B |
| Q4 25 | 1.40× | 1.36× | ||
| Q3 25 | 1.45× | 1.31× | ||
| Q2 25 | 1.57× | 0.97× | ||
| Q1 25 | 1.70× | 0.69× | ||
| Q4 24 | 1.73× | 0.72× | ||
| Q3 24 | 1.81× | 0.67× | ||
| Q2 24 | 1.91× | 0.69× | ||
| Q1 24 | 1.96× | 0.72× |
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 | $257.3M | $428.0M |
| Free Cash FlowOCF − Capex | $234.3M | $392.0M |
| FCF MarginFCF / Revenue | 8.0% | 8.3% |
| Capex IntensityCapex / Revenue | 0.8% | 0.8% |
| Cash ConversionOCF / Net Profit | — | 42.80× |
| TTM Free Cash FlowTrailing 4 quarters | $293.0M | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $257.3M | $428.0M | ||
| Q3 25 | $235.5M | $209.0M | ||
| Q2 25 | $9.6M | $359.0M | ||
| Q1 25 | $-162.0M | $188.0M | ||
| Q4 24 | $115.2M | $652.0M | ||
| Q3 24 | $196.1M | $290.0M | ||
| Q2 24 | $21.8M | $323.0M | ||
| Q1 24 | $-125.1M | $337.0M |
| Q4 25 | $234.3M | $392.0M | ||
| Q3 25 | $225.0M | $196.0M | ||
| Q2 25 | $300.0K | $322.0M | ||
| Q1 25 | $-166.6M | $169.0M | ||
| Q4 24 | $105.9M | $595.0M | ||
| Q3 24 | $186.7M | $253.0M | ||
| Q2 24 | $10.0M | $295.0M | ||
| Q1 24 | $-135.6M | $315.0M |
| Q4 25 | 8.0% | 8.3% | ||
| Q3 25 | 8.6% | 5.2% | ||
| Q2 25 | 0.0% | 7.7% | ||
| Q1 25 | -7.3% | 4.6% | ||
| Q4 24 | 4.0% | 15.7% | ||
| Q3 24 | 8.0% | 7.8% | ||
| Q2 24 | 0.4% | 8.2% | ||
| Q1 24 | -6.2% | 9.3% |
| Q4 25 | 0.8% | 0.8% | ||
| Q3 25 | 0.4% | 0.3% | ||
| Q2 25 | 0.4% | 0.9% | ||
| Q1 25 | 0.2% | 0.5% | ||
| Q4 24 | 0.4% | 1.5% | ||
| Q3 24 | 0.4% | 1.1% | ||
| Q2 24 | 0.5% | 0.8% | ||
| Q1 24 | 0.5% | 0.6% |
| Q4 25 | — | 42.80× | ||
| Q3 25 | 4.58× | — | ||
| Q2 25 | 0.17× | 9.70× | ||
| Q1 25 | -85.26× | 0.56× | ||
| Q4 24 | 1.02× | 4.18× | ||
| Q3 24 | 5.82× | — | ||
| Q2 24 | 1.61× | 1.09× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CWK
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $1.8B | 61% |
| Other | $1.1B | 39% |
FLUT
| Other | $2.6B | 55% |
| Sports Book | $1.5B | 32% |
| Igaming | $586.0M | 12% |
| Service Other | $59.0M | 1% |
