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Side-by-side financial comparison of Cushman & Wakefield Ltd. (CWK) and Invesco (IVZ). Click either name above to swap in a different company.
Cushman & Wakefield Ltd. is the larger business by last-quarter revenue ($2.5B vs $1.7B, roughly 1.5× Invesco). On growth, Cushman & Wakefield Ltd. posted the faster year-over-year revenue change (11.0% vs 6.2%). Invesco produced more free cash flow last quarter ($432.2M vs $-255.7M). Over the past eight quarters, Invesco's revenue compounded faster (7.1% CAGR vs 5.3%).
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.
Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.
CWK vs IVZ — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $1.7B |
| Net Profit | — | $-995.9M |
| Gross Margin | — | — |
| Operating Margin | 2.3% | -86.2% |
| Net Margin | — | -58.9% |
| Revenue YoY | 11.0% | 6.2% |
| Net Profit YoY | — | -575.8% |
| EPS (diluted) | $-0.05 | $-2.61 |
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 | $1.7B | ||
| Q3 25 | $2.6B | $1.6B | ||
| Q2 25 | $2.5B | $1.5B | ||
| Q1 25 | $2.3B | $1.5B | ||
| Q4 24 | $2.6B | $1.6B | ||
| Q3 24 | $2.3B | $1.5B | ||
| Q2 24 | $2.3B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | $-22.4M | $-995.9M | ||
| Q3 25 | $51.4M | $356.4M | ||
| Q2 25 | $57.3M | $197.4M | ||
| Q1 25 | $1.9M | $171.1M | ||
| Q4 24 | $112.9M | $209.3M | ||
| Q3 24 | $33.7M | $55.0M | ||
| Q2 24 | $13.5M | $132.2M |
| Q1 26 | 2.3% | — | ||
| Q4 25 | 6.1% | -86.2% | ||
| Q3 25 | 4.1% | 16.5% | ||
| Q2 25 | 4.9% | 14.1% | ||
| Q1 25 | 2.0% | 18.1% | ||
| Q4 24 | 6.6% | 19.6% | ||
| Q3 24 | 3.2% | 6.6% | ||
| Q2 24 | 3.1% | 13.9% |
| Q1 26 | — | — | ||
| Q4 25 | -0.8% | -58.9% | ||
| Q3 25 | 2.0% | 21.7% | ||
| Q2 25 | 2.3% | 13.0% | ||
| Q1 25 | 0.1% | 11.2% | ||
| Q4 24 | 4.3% | 13.1% | ||
| Q3 24 | 1.4% | 3.6% | ||
| Q2 24 | 0.6% | 8.9% |
| Q1 26 | $-0.05 | — | ||
| Q4 25 | $-0.10 | $-2.61 | ||
| Q3 25 | $0.22 | $0.66 | ||
| Q2 25 | $0.25 | $-0.03 | ||
| Q1 25 | $0.01 | $0.38 | ||
| Q4 24 | $0.49 | $0.46 | ||
| Q3 24 | $0.14 | $0.12 | ||
| Q2 24 | $0.06 | $0.29 |
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 | $1.0B |
| Total DebtLower is stronger | — | $1.8B |
| Stockholders' EquityBook value | $2.0B | $12.2B |
| Total Assets | $7.6B | $27.1B |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $600.6M | — | ||
| Q4 25 | $784.2M | $1.0B | ||
| Q3 25 | $634.4M | $973.1M | ||
| Q2 25 | $618.2M | $922.7M | ||
| Q1 25 | $623.2M | $821.7M | ||
| Q4 24 | $793.3M | $986.5M | ||
| Q3 24 | $775.4M | $1.0B | ||
| Q2 24 | $567.3M | $878.5M |
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $1.8B | ||
| Q3 25 | $2.8B | $1.6B | ||
| Q2 25 | $3.0B | $1.9B | ||
| Q1 25 | $3.0B | $964.8M | ||
| Q4 24 | $3.0B | $890.6M | ||
| Q3 24 | $3.1B | $890.3M | ||
| Q2 24 | $3.1B | $890.1M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $12.2B | ||
| Q3 25 | $2.0B | $14.0B | ||
| Q2 25 | $1.9B | $13.9B | ||
| Q1 25 | $1.8B | $14.7B | ||
| Q4 24 | $1.8B | $14.6B | ||
| Q3 24 | $1.7B | $14.8B | ||
| Q2 24 | $1.6B | $14.6B |
| Q1 26 | $7.6B | — | ||
| Q4 25 | $7.7B | $27.1B | ||
| Q3 25 | $7.7B | $28.4B | ||
| Q2 25 | $7.6B | $28.5B | ||
| Q1 25 | $7.4B | $28.1B | ||
| Q4 24 | $7.5B | $27.0B | ||
| Q3 24 | $7.5B | $27.5B | ||
| Q2 24 | $7.3B | $27.2B |
| Q1 26 | — | — | ||
| Q4 25 | 1.40× | 0.15× | ||
| Q3 25 | 1.45× | 0.12× | ||
| Q2 25 | 1.57× | 0.14× | ||
| Q1 25 | 1.70× | 0.07× | ||
| Q4 24 | 1.73× | 0.06× | ||
| Q3 24 | 1.81× | 0.06× | ||
| Q2 24 | 1.91× | 0.06× |
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 | $455.8M |
| Free Cash FlowOCF − Capex | $-255.7M | $432.2M |
| FCF MarginFCF / Revenue | -10.1% | 25.5% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $203.9M | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-243.5M | — | ||
| Q4 25 | $257.3M | $455.8M | ||
| Q3 25 | $235.5M | $606.2M | ||
| Q2 25 | $9.6M | $547.9M | ||
| Q1 25 | $-162.0M | $-84.6M | ||
| Q4 24 | $115.2M | $316.9M | ||
| Q3 24 | $196.1M | $438.4M | ||
| Q2 24 | $21.8M | $489.1M |
| Q1 26 | $-255.7M | — | ||
| Q4 25 | $234.3M | $432.2M | ||
| Q3 25 | $225.0M | $586.4M | ||
| Q2 25 | $300.0K | $530.4M | ||
| Q1 25 | $-166.6M | $-108.0M | ||
| Q4 24 | $105.9M | $309.9M | ||
| Q3 24 | $186.7M | $410.0M | ||
| Q2 24 | $10.0M | $462.4M |
| Q1 26 | -10.1% | — | ||
| Q4 25 | 8.0% | 25.5% | ||
| Q3 25 | 8.6% | 35.7% | ||
| Q2 25 | 0.0% | 35.0% | ||
| Q1 25 | -7.3% | -7.1% | ||
| Q4 24 | 4.0% | 19.5% | ||
| Q3 24 | 8.0% | 27.1% | ||
| Q2 24 | 0.4% | 31.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 1.4% | ||
| Q3 25 | 0.4% | 1.2% | ||
| Q2 25 | 0.4% | 1.2% | ||
| Q1 25 | 0.2% | 1.5% | ||
| Q4 24 | 0.4% | 0.4% | ||
| Q3 24 | 0.4% | 1.9% | ||
| Q2 24 | 0.5% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 4.58× | 1.70× | ||
| Q2 25 | 0.17× | 2.78× | ||
| Q1 25 | -85.26× | -0.49× | ||
| Q4 24 | 1.02× | 1.51× | ||
| Q3 24 | 5.82× | 7.97× | ||
| Q2 24 | 1.61× | 3.70× |
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% |
IVZ
| Investment Advice | $1.2B | 73% |
| Distribution And Shareholder Service | $382.7M | 23% |
| Financial Service Other | $51.0M | 3% |
| Investment Performance | $28.9M | 2% |
