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Side-by-side financial comparison of Cushman & Wakefield Ltd. (CWK) and LESAKA TECHNOLOGIES INC (LSAK). Click either name above to swap in a different company.

LESAKA TECHNOLOGIES INC is the larger business by last-quarter revenue ($3.0B vs $2.5B, roughly 1.2× Cushman & Wakefield Ltd.). On growth, Cushman & Wakefield Ltd. posted the faster year-over-year revenue change (11.0% vs 0.2%). Over the past eight quarters, LESAKA TECHNOLOGIES INC's revenue compounded faster (352.8% 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.

Lesaka Technologies is a South-African financial technology company that is listed on the NASDAQ and Johannesburg Stock Exchange. Lesaka’s primary focus is on financial inclusion, offering financial services to previously underserved communities and merchants.

CWK vs LSAK — Head-to-Head

Bigger by revenue
LSAK
LSAK
1.2× larger
LSAK
$3.0B
$2.5B
CWK
Growing faster (revenue YoY)
CWK
CWK
+10.8% gap
CWK
11.0%
0.2%
LSAK
Faster 2-yr revenue CAGR
LSAK
LSAK
Annualised
LSAK
352.8%
5.3%
CWK

Income Statement — Q1 FY2026 vs Q1 FY2027

Metric
CWK
CWK
LSAK
LSAK
Revenue
$2.5B
$3.0B
Net Profit
$437.0K
Gross Margin
Operating Margin
2.3%
2.2%
Net Margin
0.0%
Revenue YoY
11.0%
0.2%
Net Profit YoY
EPS (diluted)
$-0.05

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.

Revenue
CWK
CWK
LSAK
LSAK
Q3 26
$3.0B
Q1 26
$2.5B
Q4 25
$2.9B
$178.7M
Q3 25
$2.6B
$171.4M
Q2 25
$2.5B
$168.5M
Q1 25
$2.3B
$161.4M
Q4 24
$2.6B
$176.2M
Q3 24
$2.3B
$153.6M
Net Profit
CWK
CWK
LSAK
LSAK
Q3 26
$437.0K
Q1 26
Q4 25
$-22.4M
$3.6M
Q3 25
$51.4M
$-4.3M
Q2 25
$57.3M
$-28.4M
Q1 25
$1.9M
$-22.1M
Q4 24
$112.9M
$-32.5M
Q3 24
$33.7M
$-4.5M
Gross Margin
CWK
CWK
LSAK
LSAK
Q3 26
Q1 26
Q4 25
31.4%
Q3 25
30.9%
Q2 25
28.9%
Q1 25
27.5%
Q4 24
25.7%
Q3 24
22.6%
Operating Margin
CWK
CWK
LSAK
LSAK
Q3 26
2.2%
Q1 26
2.3%
Q4 25
6.1%
1.2%
Q3 25
4.1%
0.2%
Q2 25
4.9%
-16.7%
Q1 25
2.0%
0.4%
Q4 24
6.6%
0.3%
Q3 24
3.2%
-0.0%
Net Margin
CWK
CWK
LSAK
LSAK
Q3 26
0.0%
Q1 26
Q4 25
-0.8%
2.0%
Q3 25
2.0%
-2.5%
Q2 25
2.3%
-16.9%
Q1 25
0.1%
-13.7%
Q4 24
4.3%
-18.4%
Q3 24
1.4%
-3.0%
EPS (diluted)
CWK
CWK
LSAK
LSAK
Q3 26
Q1 26
$-0.05
Q4 25
$-0.10
$0.04
Q3 25
$0.22
$-0.05
Q2 25
$0.25
$-0.40
Q1 25
$0.01
$-0.27
Q4 24
$0.49
$-0.40
Q3 24
$0.14
$-0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CWK
CWK
LSAK
LSAK
Cash + ST InvestmentsLiquidity on hand
$600.6M
$1.5B
Total DebtLower is stronger
$3.2B
Stockholders' EquityBook value
$2.0B
Total Assets
$7.6B
$11.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWK
CWK
LSAK
LSAK
Q3 26
$1.5B
Q1 26
$600.6M
Q4 25
$784.2M
$69.5M
Q3 25
$634.4M
$72.2M
Q2 25
$618.2M
$76.5M
Q1 25
$623.2M
$71.0M
Q4 24
$793.3M
$60.6M
Q3 24
$775.4M
$49.7M
Total Debt
CWK
CWK
LSAK
LSAK
Q3 26
$3.2B
Q1 26
Q4 25
$2.7B
$216.8M
Q3 25
$2.8B
$208.1M
Q2 25
$3.0B
$200.8M
Q1 25
$3.0B
$194.7M
Q4 24
$3.0B
$148.7M
Q3 24
$3.1B
$148.5M
Stockholders' Equity
CWK
CWK
LSAK
LSAK
Q3 26
Q1 26
$2.0B
Q4 25
$2.0B
$180.6M
Q3 25
$2.0B
$170.4M
Q2 25
$1.9B
$161.6M
Q1 25
$1.8B
$185.2M
Q4 24
$1.8B
$193.3M
Q3 24
$1.7B
$184.2M
Total Assets
CWK
CWK
LSAK
LSAK
Q3 26
$11.5B
Q1 26
$7.6B
Q4 25
$7.7B
$704.6M
Q3 25
$7.7B
$652.9M
Q2 25
$7.6B
$653.7M
Q1 25
$7.4B
$649.2M
Q4 24
$7.5B
$640.6M
Q3 24
$7.5B
$551.9M
Debt / Equity
CWK
CWK
LSAK
LSAK
Q3 26
Q1 26
Q4 25
1.40×
1.20×
Q3 25
1.45×
1.22×
Q2 25
1.57×
1.24×
Q1 25
1.70×
1.05×
Q4 24
1.73×
0.77×
Q3 24
1.81×
0.81×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CWK
CWK
LSAK
LSAK
Operating Cash FlowLast quarter
$-243.5M
Free Cash FlowOCF − Capex
$-255.7M
FCF MarginFCF / Revenue
-10.1%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$203.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWK
CWK
LSAK
LSAK
Q3 26
Q1 26
$-243.5M
Q4 25
$257.3M
$-10.9M
Q3 25
$235.5M
$8.9M
Q2 25
$9.6M
$-9.1M
Q1 25
$-162.0M
$10.7M
Q4 24
$115.2M
$-9.2M
Q3 24
$196.1M
$-4.1M
Free Cash Flow
CWK
CWK
LSAK
LSAK
Q3 26
Q1 26
$-255.7M
Q4 25
$234.3M
$-14.8M
Q3 25
$225.0M
$4.9M
Q2 25
$300.0K
$-13.2M
Q1 25
$-166.6M
$7.8M
Q4 24
$105.9M
$-15.5M
Q3 24
$186.7M
$-8.1M
FCF Margin
CWK
CWK
LSAK
LSAK
Q3 26
Q1 26
-10.1%
Q4 25
8.0%
-8.3%
Q3 25
8.6%
2.9%
Q2 25
0.0%
-7.8%
Q1 25
-7.3%
4.9%
Q4 24
4.0%
-8.8%
Q3 24
8.0%
-5.3%
Capex Intensity
CWK
CWK
LSAK
LSAK
Q3 26
Q1 26
Q4 25
0.8%
2.2%
Q3 25
0.4%
2.3%
Q2 25
0.4%
2.4%
Q1 25
0.2%
1.7%
Q4 24
0.4%
3.6%
Q3 24
0.4%
2.6%
Cash Conversion
CWK
CWK
LSAK
LSAK
Q3 26
Q1 26
Q4 25
-2.99×
Q3 25
4.58×
Q2 25
0.17×
Q1 25
-85.26×
Q4 24
1.02×
Q3 24
5.82×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CWK
CWK

Services$1.7B69%
Leasing$497.7M20%
Capital markets$181.6M7%
Valuation and other$113.8M4%

LSAK
LSAK

Segment breakdown not available.

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