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Side-by-side financial comparison of Cushman & Wakefield Ltd. (CWK) and KeyCorp (KEY). Click either name above to swap in a different company.
Cushman & Wakefield Ltd. is the larger business by last-quarter revenue ($2.9B vs $2.0B, roughly 1.5× KeyCorp). KeyCorp runs the higher net margin — 25.4% vs -0.8%, a 26.2% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs 10.8%). KeyCorp produced more free cash flow last quarter ($2.1B vs $234.3M). Over the past eight quarters, Cushman & Wakefield Ltd.'s revenue compounded faster (15.5% CAGR vs 14.4%).
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.
Key is a Japanese visual novel studio known for making dramatic and plot-oriented titles. It was formed on July 21, 1998, as a brand under the publisher Visual Arts, and is located in Kita, Osaka.
CWK vs KEY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $2.0B |
| Net Profit | $-22.4M | $510.0M |
| Gross Margin | — | — |
| Operating Margin | 6.1% | 32.3% |
| Net Margin | -0.8% | 25.4% |
| Revenue YoY | 10.8% | 131.8% |
| Net Profit YoY | -119.8% | 309.0% |
| EPS (diluted) | $-0.10 | $0.43 |
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 | $2.0B | ||
| Q3 25 | $2.6B | $1.9B | ||
| Q2 25 | $2.5B | $1.8B | ||
| Q1 25 | $2.3B | $1.8B | ||
| Q4 24 | $2.6B | $865.0M | ||
| Q3 24 | $2.3B | $695.0M | ||
| Q2 24 | $2.3B | $1.5B | ||
| Q1 24 | $2.2B | $1.5B |
| Q4 25 | $-22.4M | $510.0M | ||
| Q3 25 | $51.4M | $489.0M | ||
| Q2 25 | $57.3M | $425.0M | ||
| Q1 25 | $1.9M | $405.0M | ||
| Q4 24 | $112.9M | $-244.0M | ||
| Q3 24 | $33.7M | $-410.0M | ||
| Q2 24 | $13.5M | $274.0M | ||
| Q1 24 | $-28.8M | $219.0M |
| Q4 25 | 6.1% | 32.3% | ||
| Q3 25 | 4.1% | 31.8% | ||
| Q2 25 | 4.9% | 29.3% | ||
| Q1 25 | 2.0% | 29.0% | ||
| Q4 24 | 6.6% | -92.6% | ||
| Q3 24 | 3.2% | -72.8% | ||
| Q2 24 | 3.1% | 22.0% | ||
| Q1 24 | 0.9% | 18.1% |
| Q4 25 | -0.8% | 25.4% | ||
| Q3 25 | 2.0% | 25.8% | ||
| Q2 25 | 2.3% | 23.1% | ||
| Q1 25 | 0.1% | 22.8% | ||
| Q4 24 | 4.3% | -54.7% | ||
| Q3 24 | 1.4% | -59.0% | ||
| Q2 24 | 0.6% | 18.0% | ||
| Q1 24 | -1.3% | 14.3% |
| Q4 25 | $-0.10 | $0.43 | ||
| Q3 25 | $0.22 | $0.41 | ||
| Q2 25 | $0.25 | $0.35 | ||
| Q1 25 | $0.01 | $0.33 | ||
| Q4 24 | $0.49 | $-0.30 | ||
| Q3 24 | $0.14 | $-0.47 | ||
| Q2 24 | $0.06 | $0.25 | ||
| Q1 24 | $-0.13 | $0.20 |
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 | $10.2B |
| Total DebtLower is stronger | $2.7B | $9.9B |
| Stockholders' EquityBook value | $2.0B | $20.4B |
| Total Assets | $7.7B | $184.4B |
| Debt / EquityLower = less leverage | 1.40× | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $784.2M | $10.2B | ||
| Q3 25 | $634.4M | $13.3B | ||
| Q2 25 | $618.2M | $11.6B | ||
| Q1 25 | $623.2M | $15.3B | ||
| Q4 24 | $793.3M | $17.5B | ||
| Q3 24 | $775.4M | $22.8B | ||
| Q2 24 | $567.3M | $15.5B | ||
| Q1 24 | $553.5M | $13.2B |
| Q4 25 | $2.7B | $9.9B | ||
| Q3 25 | $2.8B | $10.9B | ||
| Q2 25 | $3.0B | $12.1B | ||
| Q1 25 | $3.0B | $12.4B | ||
| Q4 24 | $3.0B | $12.1B | ||
| Q3 24 | $3.1B | $15.7B | ||
| Q2 24 | $3.1B | $16.9B | ||
| Q1 24 | $3.2B | $20.8B |
| Q4 25 | $2.0B | $20.4B | ||
| Q3 25 | $2.0B | $20.1B | ||
| Q2 25 | $1.9B | $19.5B | ||
| Q1 25 | $1.8B | $19.0B | ||
| Q4 24 | $1.8B | $18.2B | ||
| Q3 24 | $1.7B | $16.9B | ||
| Q2 24 | $1.6B | $14.8B | ||
| Q1 24 | $1.6B | $14.5B |
| Q4 25 | $7.7B | $184.4B | ||
| Q3 25 | $7.7B | $187.4B | ||
| Q2 25 | $7.6B | $185.5B | ||
| Q1 25 | $7.4B | $188.7B | ||
| Q4 24 | $7.5B | $187.2B | ||
| Q3 24 | $7.5B | $189.8B | ||
| Q2 24 | $7.3B | $187.4B | ||
| Q1 24 | $7.5B | $187.5B |
| Q4 25 | 1.40× | 0.49× | ||
| Q3 25 | 1.45× | 0.54× | ||
| Q2 25 | 1.57× | 0.62× | ||
| Q1 25 | 1.70× | 0.65× | ||
| Q4 24 | 1.73× | 0.67× | ||
| Q3 24 | 1.81× | 0.93× | ||
| Q2 24 | 1.91× | 1.14× | ||
| Q1 24 | 1.96× | 1.43× |
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 | $2.2B |
| Free Cash FlowOCF − Capex | $234.3M | $2.1B |
| FCF MarginFCF / Revenue | 8.0% | 104.8% |
| Capex IntensityCapex / Revenue | 0.8% | 5.3% |
| Cash ConversionOCF / Net Profit | — | 4.33× |
| TTM Free Cash FlowTrailing 4 quarters | $293.0M | $3.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $257.3M | $2.2B | ||
| Q3 25 | $235.5M | $396.0M | ||
| Q2 25 | $9.6M | $1.2B | ||
| Q1 25 | $-162.0M | $-140.0M | ||
| Q4 24 | $115.2M | $664.0M | ||
| Q3 24 | $196.1M | $-1.2B | ||
| Q2 24 | $21.8M | $-217.0M | ||
| Q1 24 | $-125.1M | $359.0M |
| Q4 25 | $234.3M | $2.1B | ||
| Q3 25 | $225.0M | $367.0M | ||
| Q2 25 | $300.0K | $1.2B | ||
| Q1 25 | $-166.6M | $-150.0M | ||
| Q4 24 | $105.9M | $599.0M | ||
| Q3 24 | $186.7M | $-1.2B | ||
| Q2 24 | $10.0M | $-230.0M | ||
| Q1 24 | $-135.6M | $347.0M |
| Q4 25 | 8.0% | 104.8% | ||
| Q3 25 | 8.6% | 19.4% | ||
| Q2 25 | 0.0% | 65.8% | ||
| Q1 25 | -7.3% | -8.5% | ||
| Q4 24 | 4.0% | 69.2% | ||
| Q3 24 | 8.0% | -175.8% | ||
| Q2 24 | 0.4% | -15.1% | ||
| Q1 24 | -6.2% | 22.6% |
| Q4 25 | 0.8% | 5.3% | ||
| Q3 25 | 0.4% | 1.5% | ||
| Q2 25 | 0.4% | 1.3% | ||
| Q1 25 | 0.2% | 0.6% | ||
| Q4 24 | 0.4% | 7.5% | ||
| Q3 24 | 0.4% | 2.4% | ||
| Q2 24 | 0.5% | 0.9% | ||
| Q1 24 | 0.5% | 0.8% |
| Q4 25 | — | 4.33× | ||
| Q3 25 | 4.58× | 0.81× | ||
| Q2 25 | 0.17× | 2.90× | ||
| Q1 25 | -85.26× | -0.35× | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 5.82× | — | ||
| Q2 24 | 1.61× | -0.79× | ||
| Q1 24 | — | 1.64× |
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% |
KEY
Segment breakdown not available.
