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Side-by-side financial comparison of Cushman & Wakefield Ltd. (CWK) and MERCURY GENERAL CORP (MCY). Click either name above to swap in a different company.
Cushman & Wakefield Ltd. is the larger business by last-quarter revenue ($2.9B vs $1.5B, roughly 1.9× MERCURY GENERAL CORP). MERCURY GENERAL CORP runs the higher net margin — 13.2% vs -0.8%, a 14.0% gap on every dollar of revenue. On growth, MERCURY GENERAL CORP posted the faster year-over-year revenue change (12.4% vs 10.8%). MERCURY GENERAL CORP produced more free cash flow last quarter ($273.9M vs $234.3M). Over the past eight quarters, Cushman & Wakefield Ltd.'s revenue compounded faster (15.5% CAGR vs 9.8%).
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.
Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.
CWK vs MCY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $1.5B |
| Net Profit | $-22.4M | $202.5M |
| Gross Margin | — | 99.7% |
| Operating Margin | 6.1% | 16.2% |
| Net Margin | -0.8% | 13.2% |
| Revenue YoY | 10.8% | 12.4% |
| Net Profit YoY | -119.8% | 100.4% |
| EPS (diluted) | $-0.10 | $3.66 |
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 | $1.5B | ||
| Q3 25 | $2.6B | $1.6B | ||
| Q2 25 | $2.5B | $1.5B | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $2.6B | $1.4B | ||
| Q3 24 | $2.3B | $1.5B | ||
| Q2 24 | $2.3B | $1.3B | ||
| Q1 24 | $2.2B | $1.3B |
| Q4 25 | $-22.4M | $202.5M | ||
| Q3 25 | $51.4M | $280.4M | ||
| Q2 25 | $57.3M | $166.5M | ||
| Q1 25 | $1.9M | $-108.3M | ||
| Q4 24 | $112.9M | $101.1M | ||
| Q3 24 | $33.7M | $230.9M | ||
| Q2 24 | $13.5M | $62.6M | ||
| Q1 24 | $-28.8M | $73.5M |
| Q4 25 | — | 99.7% | ||
| Q3 25 | — | 99.8% | ||
| Q2 25 | — | 99.8% | ||
| Q1 25 | — | 99.7% | ||
| Q4 24 | — | 99.7% | ||
| Q3 24 | — | 99.8% | ||
| Q2 24 | — | 99.8% | ||
| Q1 24 | — | 99.7% |
| Q4 25 | 6.1% | 16.2% | ||
| Q3 25 | 4.1% | 22.1% | ||
| Q2 25 | 4.9% | 14.0% | ||
| Q1 25 | 2.0% | -10.2% | ||
| Q4 24 | 6.6% | 9.0% | ||
| Q3 24 | 3.2% | 18.8% | ||
| Q2 24 | 3.1% | 5.8% | ||
| Q1 24 | 0.9% | 7.0% |
| Q4 25 | -0.8% | 13.2% | ||
| Q3 25 | 2.0% | 17.7% | ||
| Q2 25 | 2.3% | 11.3% | ||
| Q1 25 | 0.1% | -7.8% | ||
| Q4 24 | 4.3% | 7.4% | ||
| Q3 24 | 1.4% | 15.1% | ||
| Q2 24 | 0.6% | 4.8% | ||
| Q1 24 | -1.3% | 5.8% |
| Q4 25 | $-0.10 | $3.66 | ||
| Q3 25 | $0.22 | $5.06 | ||
| Q2 25 | $0.25 | $3.01 | ||
| Q1 25 | $0.01 | $-1.96 | ||
| Q4 24 | $0.49 | $1.82 | ||
| Q3 24 | $0.14 | $4.17 | ||
| Q2 24 | $0.06 | $1.13 | ||
| Q1 24 | $-0.13 | $1.33 |
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 | $575.0M |
| Stockholders' EquityBook value | $2.0B | $2.4B |
| Total Assets | $7.7B | $9.6B |
| Debt / EquityLower = less leverage | 1.40× | 0.24× |
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 | $575.0M | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | $575.0M | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.1B | — | ||
| Q1 24 | $3.2B | — |
| Q4 25 | $2.0B | $2.4B | ||
| Q3 25 | $2.0B | $2.2B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | $1.8B | $1.8B | ||
| Q4 24 | $1.8B | $1.9B | ||
| Q3 24 | $1.7B | $1.9B | ||
| Q2 24 | $1.6B | $1.6B | ||
| Q1 24 | $1.6B | $1.6B |
| Q4 25 | $7.7B | $9.6B | ||
| Q3 25 | $7.7B | $9.4B | ||
| Q2 25 | $7.6B | $9.1B | ||
| Q1 25 | $7.4B | $9.0B | ||
| Q4 24 | $7.5B | $8.3B | ||
| Q3 24 | $7.5B | $8.2B | ||
| Q2 24 | $7.3B | $7.7B | ||
| Q1 24 | $7.5B | $7.4B |
| Q4 25 | 1.40× | 0.24× | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.70× | — | ||
| Q4 24 | 1.73× | 0.30× | ||
| 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 | $287.9M |
| Free Cash FlowOCF − Capex | $234.3M | $273.9M |
| FCF MarginFCF / Revenue | 8.0% | 17.8% |
| Capex IntensityCapex / Revenue | 0.8% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | $293.0M | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $257.3M | $287.9M | ||
| Q3 25 | $235.5M | $496.4M | ||
| Q2 25 | $9.6M | $371.6M | ||
| Q1 25 | $-162.0M | $-68.7M | ||
| Q4 24 | $115.2M | $248.3M | ||
| Q3 24 | $196.1M | $318.1M | ||
| Q2 24 | $21.8M | $278.0M | ||
| Q1 24 | $-125.1M | $192.6M |
| Q4 25 | $234.3M | $273.9M | ||
| Q3 25 | $225.0M | $479.5M | ||
| Q2 25 | $300.0K | $357.2M | ||
| Q1 25 | $-166.6M | $-81.9M | ||
| Q4 24 | $105.9M | $236.0M | ||
| Q3 24 | $186.7M | $306.2M | ||
| Q2 24 | $10.0M | $266.5M | ||
| Q1 24 | $-135.6M | $182.4M |
| Q4 25 | 8.0% | 17.8% | ||
| Q3 25 | 8.6% | 30.3% | ||
| Q2 25 | 0.0% | 24.2% | ||
| Q1 25 | -7.3% | -5.9% | ||
| Q4 24 | 4.0% | 17.3% | ||
| Q3 24 | 8.0% | 20.0% | ||
| Q2 24 | 0.4% | 20.4% | ||
| Q1 24 | -6.2% | 14.3% |
| Q4 25 | 0.8% | 0.9% | ||
| Q3 25 | 0.4% | 1.1% | ||
| Q2 25 | 0.4% | 1.0% | ||
| Q1 25 | 0.2% | 0.9% | ||
| Q4 24 | 0.4% | 0.9% | ||
| Q3 24 | 0.4% | 0.8% | ||
| Q2 24 | 0.5% | 0.9% | ||
| Q1 24 | 0.5% | 0.8% |
| Q4 25 | — | 1.42× | ||
| Q3 25 | 4.58× | 1.77× | ||
| Q2 25 | 0.17× | 2.23× | ||
| Q1 25 | -85.26× | — | ||
| Q4 24 | 1.02× | 2.46× | ||
| Q3 24 | 5.82× | 1.38× | ||
| Q2 24 | 1.61× | 4.44× | ||
| Q1 24 | — | 2.62× |
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% |
MCY
Segment breakdown not available.
