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Side-by-side financial comparison of Cushman & Wakefield Ltd. (CWK) and INSPERITY, INC. (NSP). 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× INSPERITY, INC.). On growth, Cushman & Wakefield Ltd. posted the faster year-over-year revenue change (11.0% vs 3.4%). INSPERITY, INC. produced more free cash flow last quarter ($246.0M vs $-255.7M). Over the past eight quarters, Cushman & Wakefield Ltd.'s revenue compounded faster (5.3% CAGR vs -3.8%).
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.
Insperity, Inc., previously known as Administaff, Inc., is a professional employer organization (PEO) headquartered in Kingwood, an area of Houston, Texas, USA. Insperity provides human resources and administrative services to small and medium-sized businesses. Since 2004, the company has been title sponsor of a professional golf tournament on the Champions Tour, previously known as the Administaff Small Business Classic.
CWK vs NSP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $1.7B |
| Net Profit | — | — |
| Gross Margin | — | 10.3% |
| Operating Margin | 2.3% | -2.8% |
| Net Margin | — | — |
| Revenue YoY | 11.0% | 3.4% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.05 | $-0.87 |
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 | $1.7B | ||
| Q1 25 | $2.3B | $1.9B | ||
| Q4 24 | $2.6B | $1.6B | ||
| Q3 24 | $2.3B | $1.6B | ||
| Q2 24 | $2.3B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $-22.4M | — | ||
| Q3 25 | $51.4M | $-20.0M | ||
| Q2 25 | $57.3M | $-5.0M | ||
| Q1 25 | $1.9M | $51.0M | ||
| Q4 24 | $112.9M | — | ||
| Q3 24 | $33.7M | $3.0M | ||
| Q2 24 | $13.5M | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.3% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | — | 14.7% | ||
| Q2 24 | — | 16.2% |
| Q1 26 | 2.3% | — | ||
| Q4 25 | 6.1% | -2.8% | ||
| Q3 25 | 4.1% | -1.5% | ||
| Q2 25 | 4.9% | -0.4% | ||
| Q1 25 | 2.0% | 3.7% | ||
| Q4 24 | 6.6% | -0.9% | ||
| Q3 24 | 3.2% | 0.1% | ||
| Q2 24 | 3.1% | 1.4% |
| Q1 26 | — | — | ||
| Q4 25 | -0.8% | — | ||
| Q3 25 | 2.0% | -1.2% | ||
| Q2 25 | 2.3% | -0.3% | ||
| Q1 25 | 0.1% | 2.7% | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 1.4% | 0.2% | ||
| Q2 24 | 0.6% | 1.1% |
| Q1 26 | $-0.05 | — | ||
| Q4 25 | $-0.10 | $-0.87 | ||
| Q3 25 | $0.22 | $-0.53 | ||
| Q2 25 | $0.25 | $-0.14 | ||
| Q1 25 | $0.01 | $1.35 | ||
| Q4 24 | $0.49 | $-0.21 | ||
| Q3 24 | $0.14 | $0.07 | ||
| Q2 24 | $0.06 | $0.48 |
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 | $682.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.0B | $46.0M |
| Total Assets | $7.6B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $600.6M | — | ||
| Q4 25 | $784.2M | $682.0M | ||
| Q3 25 | $634.4M | $521.0M | ||
| Q2 25 | $618.2M | $511.0M | ||
| Q1 25 | $623.2M | $684.0M | ||
| Q4 24 | $793.3M | $1.2B | ||
| Q3 24 | $775.4M | $596.0M | ||
| Q2 24 | $567.3M | $850.0M |
| Q1 26 | — | — | ||
| 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 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $46.0M | ||
| Q3 25 | $2.0B | $87.0M | ||
| Q2 25 | $1.9B | $112.0M | ||
| Q1 25 | $1.8B | $119.0M | ||
| Q4 24 | $1.8B | $97.0M | ||
| Q3 24 | $1.7B | $125.0M | ||
| Q2 24 | $1.6B | $142.0M |
| Q1 26 | $7.6B | — | ||
| Q4 25 | $7.7B | $2.2B | ||
| Q3 25 | $7.7B | $2.0B | ||
| Q2 25 | $7.6B | $2.0B | ||
| Q1 25 | $7.4B | $2.1B | ||
| Q4 24 | $7.5B | $2.6B | ||
| Q3 24 | $7.5B | $1.9B | ||
| Q2 24 | $7.3B | $2.1B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $255.0M |
| Free Cash FlowOCF − Capex | $-255.7M | $246.0M |
| FCF MarginFCF / Revenue | -10.1% | 14.7% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $203.9M | $-309.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-243.5M | — | ||
| Q4 25 | $257.3M | $255.0M | ||
| Q3 25 | $235.5M | $-11.0M | ||
| Q2 25 | $9.6M | $-79.0M | ||
| Q1 25 | $-162.0M | $-443.0M | ||
| Q4 24 | $115.2M | $619.0M | ||
| Q3 24 | $196.1M | $-150.0M | ||
| Q2 24 | $21.8M | $20.0M |
| Q1 26 | $-255.7M | — | ||
| Q4 25 | $234.3M | $246.0M | ||
| Q3 25 | $225.0M | $-20.0M | ||
| Q2 25 | $300.0K | $-86.0M | ||
| Q1 25 | $-166.6M | $-449.0M | ||
| Q4 24 | $105.9M | $606.0M | ||
| Q3 24 | $186.7M | $-164.0M | ||
| Q2 24 | $10.0M | $14.0M |
| Q1 26 | -10.1% | — | ||
| Q4 25 | 8.0% | 14.7% | ||
| Q3 25 | 8.6% | -1.2% | ||
| Q2 25 | 0.0% | -5.2% | ||
| Q1 25 | -7.3% | -24.1% | ||
| Q4 24 | 4.0% | 37.6% | ||
| Q3 24 | 8.0% | -10.5% | ||
| Q2 24 | 0.4% | 0.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 0.5% | ||
| Q3 25 | 0.4% | 0.6% | ||
| Q2 25 | 0.4% | 0.4% | ||
| Q1 25 | 0.2% | 0.3% | ||
| Q4 24 | 0.4% | 0.8% | ||
| Q3 24 | 0.4% | 0.9% | ||
| Q2 24 | 0.5% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 4.58× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | -85.26× | -8.69× | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 5.82× | -50.00× | ||
| Q2 24 | 1.61× | 1.11× |
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% |
NSP
| Northeast | $455.0M | 27% |
| West | $339.0M | 20% |
| Southwest | $317.0M | 19% |
| Central | $299.0M | 18% |
| Southeast | $241.0M | 14% |
| Other Revenues | $17.0M | 1% |
