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Side-by-side financial comparison of Cushman & Wakefield Ltd. (CWK) and KB HOME (KBH). Click either name above to swap in a different company.
Cushman & Wakefield Ltd. is the larger business by last-quarter revenue ($2.9B vs $1.7B, roughly 1.7× KB HOME). KB HOME runs the higher net margin — 6.0% vs -0.8%, a 6.8% gap on every dollar of revenue. On growth, Cushman & Wakefield Ltd. posted the faster year-over-year revenue change (10.8% vs -15.3%). KB HOME produced more free cash flow last quarter ($290.1M vs $234.3M). Over the past eight quarters, Cushman & Wakefield Ltd.'s revenue compounded faster (15.5% CAGR vs 7.4%).
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.
KB Home is an American homebuilding company founded in 1957 as Kaufman & Broad in Detroit, Michigan. It was the first company to be traded on the New York Stock Exchange as a home builder. Its headquarters are in Los Angeles, California.
CWK vs KBH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $1.7B |
| Net Profit | $-22.4M | $101.5M |
| Gross Margin | — | — |
| Operating Margin | 6.1% | — |
| Net Margin | -0.8% | 6.0% |
| Revenue YoY | 10.8% | -15.3% |
| Net Profit YoY | -119.8% | -46.7% |
| EPS (diluted) | $-0.10 | $1.55 |
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 | $1.7B | ||
| Q3 25 | $2.6B | $1.6B | ||
| Q2 25 | $2.5B | $1.5B | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $2.6B | $2.0B | ||
| Q3 24 | $2.3B | $1.8B | ||
| Q2 24 | $2.3B | $1.7B | ||
| Q1 24 | $2.2B | $1.5B |
| Q4 25 | $-22.4M | $101.5M | ||
| Q3 25 | $51.4M | $109.8M | ||
| Q2 25 | $57.3M | $107.9M | ||
| Q1 25 | $1.9M | $109.6M | ||
| Q4 24 | $112.9M | $190.6M | ||
| Q3 24 | $33.7M | $157.3M | ||
| Q2 24 | $13.5M | $168.4M | ||
| Q1 24 | $-28.8M | $138.7M |
| 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 | -0.8% | 6.0% | ||
| Q3 25 | 2.0% | 6.8% | ||
| Q2 25 | 2.3% | 7.1% | ||
| Q1 25 | 0.1% | 7.9% | ||
| Q4 24 | 4.3% | 9.5% | ||
| Q3 24 | 1.4% | 9.0% | ||
| Q2 24 | 0.6% | 9.9% | ||
| Q1 24 | -1.3% | 9.4% |
| Q4 25 | $-0.10 | $1.55 | ||
| Q3 25 | $0.22 | $1.61 | ||
| Q2 25 | $0.25 | $1.50 | ||
| Q1 25 | $0.01 | $1.49 | ||
| Q4 24 | $0.49 | $2.50 | ||
| Q3 24 | $0.14 | $2.04 | ||
| Q2 24 | $0.06 | $2.15 | ||
| Q1 24 | $-0.13 | $1.76 |
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 | — |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $2.0B | $3.9B |
| Total Assets | $7.7B | $6.7B |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $784.2M | — | ||
| Q3 25 | $634.4M | — | ||
| Q2 25 | $618.2M | — | ||
| Q1 25 | $623.2M | — | ||
| Q4 24 | $793.3M | — | ||
| Q3 24 | $775.4M | — | ||
| Q2 24 | $567.3M | — | ||
| Q1 24 | $553.5M | — |
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.1B | — | ||
| Q1 24 | $3.2B | — |
| Q4 25 | $2.0B | $3.9B | ||
| Q3 25 | $2.0B | $3.9B | ||
| Q2 25 | $1.9B | $4.0B | ||
| Q1 25 | $1.8B | $4.1B | ||
| Q4 24 | $1.8B | $4.1B | ||
| Q3 24 | $1.7B | $4.0B | ||
| Q2 24 | $1.6B | $4.0B | ||
| Q1 24 | $1.6B | $3.9B |
| Q4 25 | $7.7B | $6.7B | ||
| Q3 25 | $7.7B | $7.0B | ||
| Q2 25 | $7.6B | $7.0B | ||
| Q1 25 | $7.4B | $7.0B | ||
| Q4 24 | $7.5B | $6.9B | ||
| Q3 24 | $7.5B | $6.8B | ||
| Q2 24 | $7.3B | $6.8B | ||
| Q1 24 | $7.5B | $6.7B |
| Q4 25 | 1.40× | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.70× | — | ||
| Q4 24 | 1.73× | — | ||
| Q3 24 | 1.81× | — | ||
| Q2 24 | 1.91× | — | ||
| Q1 24 | 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 | $257.3M | $303.8M |
| Free Cash FlowOCF − Capex | $234.3M | $290.1M |
| FCF MarginFCF / Revenue | 8.0% | 17.1% |
| Capex IntensityCapex / Revenue | 0.8% | 0.8% |
| Cash ConversionOCF / Net Profit | — | 2.99× |
| TTM Free Cash FlowTrailing 4 quarters | $293.0M | $287.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $257.3M | $303.8M | ||
| Q3 25 | $235.5M | $197.7M | ||
| Q2 25 | $9.6M | $168.4M | ||
| Q1 25 | $-162.0M | $-334.3M | ||
| Q4 24 | $115.2M | $362.6M | ||
| Q3 24 | $196.1M | $-89.9M | ||
| Q2 24 | $21.8M | $61.5M | ||
| Q1 24 | $-125.1M | $28.5M |
| Q4 25 | $234.3M | $290.1M | ||
| Q3 25 | $225.0M | $185.8M | ||
| Q2 25 | $300.0K | $156.9M | ||
| Q1 25 | $-166.6M | $-345.5M | ||
| Q4 24 | $105.9M | $352.6M | ||
| Q3 24 | $186.7M | $-99.4M | ||
| Q2 24 | $10.0M | $51.2M | ||
| Q1 24 | $-135.6M | $19.1M |
| Q4 25 | 8.0% | 17.1% | ||
| Q3 25 | 8.6% | 11.5% | ||
| Q2 25 | 0.0% | 10.3% | ||
| Q1 25 | -7.3% | -24.8% | ||
| Q4 24 | 4.0% | 17.6% | ||
| Q3 24 | 8.0% | -5.7% | ||
| Q2 24 | 0.4% | 3.0% | ||
| Q1 24 | -6.2% | 1.3% |
| Q4 25 | 0.8% | 0.8% | ||
| Q3 25 | 0.4% | 0.7% | ||
| Q2 25 | 0.4% | 0.8% | ||
| Q1 25 | 0.2% | 0.8% | ||
| Q4 24 | 0.4% | 0.5% | ||
| Q3 24 | 0.4% | 0.5% | ||
| Q2 24 | 0.5% | 0.6% | ||
| Q1 24 | 0.5% | 0.6% |
| Q4 25 | — | 2.99× | ||
| Q3 25 | 4.58× | 1.80× | ||
| Q2 25 | 0.17× | 1.56× | ||
| Q1 25 | -85.26× | -3.05× | ||
| Q4 24 | 1.02× | 1.90× | ||
| Q3 24 | 5.82× | -0.57× | ||
| Q2 24 | 1.61× | 0.37× | ||
| Q1 24 | — | 0.21× |
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% |
KBH
| Home Building | $1.7B | 99% |
| Financial Service | $8.7M | 1% |
