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

Cushman & Wakefield Ltd. is the larger business by last-quarter revenue ($2.9B vs $1.6B, roughly 1.9× ON Semiconductor). ON Semiconductor runs the higher net margin — 16.4% vs -0.8%, a 17.2% gap on every dollar of revenue. On growth, Cushman & Wakefield Ltd. posted the faster year-over-year revenue change (10.8% vs -10.0%). ON Semiconductor produced more free cash flow last quarter ($372.4M vs $234.3M). Over the past eight quarters, Cushman & Wakefield Ltd.'s revenue compounded faster (15.5% CAGR vs -12.3%).

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.

Fairchild Semiconductor International, Inc. was an American semiconductor company based in San Jose, California. It was founded in 1957 as a division of Fairchild Camera and Instrument by the "traitorous eight" who defected from Shockley Semiconductor Laboratory. It became a pioneer in the manufacturing of transistors and of integrated circuits. Schlumberger bought the firm in 1979 and sold it to National Semiconductor in 1987; Fairchild was spun off as an independent company again in 1997. I...

CWK vs ON — Head-to-Head

Bigger by revenue
CWK
CWK
1.9× larger
CWK
$2.9B
$1.6B
ON
Growing faster (revenue YoY)
CWK
CWK
+20.8% gap
CWK
10.8%
-10.0%
ON
Higher net margin
ON
ON
17.2% more per $
ON
16.4%
-0.8%
CWK
More free cash flow
ON
ON
$138.1M more FCF
ON
$372.4M
$234.3M
CWK
Faster 2-yr revenue CAGR
CWK
CWK
Annualised
CWK
15.5%
-12.3%
ON

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CWK
CWK
ON
ON
Revenue
$2.9B
$1.6B
Net Profit
$-22.4M
$255.0M
Gross Margin
37.9%
Operating Margin
6.1%
17.0%
Net Margin
-0.8%
16.4%
Revenue YoY
10.8%
-10.0%
Net Profit YoY
-119.8%
-32.9%
EPS (diluted)
$-0.10
$0.63

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
ON
ON
Q4 25
$2.9B
$1.6B
Q3 25
$2.6B
$1.5B
Q2 25
$2.5B
$1.4B
Q1 25
$2.3B
Q4 24
$2.6B
$1.7B
Q3 24
$2.3B
$1.8B
Q2 24
$2.3B
$1.7B
Q1 24
$2.2B
$1.9B
Net Profit
CWK
CWK
ON
ON
Q4 25
$-22.4M
$255.0M
Q3 25
$51.4M
$170.3M
Q2 25
$57.3M
$-486.1M
Q1 25
$1.9M
Q4 24
$112.9M
$379.9M
Q3 24
$33.7M
$401.7M
Q2 24
$13.5M
$338.2M
Q1 24
$-28.8M
$453.0M
Gross Margin
CWK
CWK
ON
ON
Q4 25
37.9%
Q3 25
37.6%
Q2 25
20.3%
Q1 25
Q4 24
45.2%
Q3 24
45.4%
Q2 24
45.2%
Q1 24
45.8%
Operating Margin
CWK
CWK
ON
ON
Q4 25
6.1%
17.0%
Q3 25
4.1%
13.2%
Q2 25
4.9%
-39.7%
Q1 25
2.0%
Q4 24
6.6%
23.7%
Q3 24
3.2%
25.3%
Q2 24
3.1%
22.4%
Q1 24
0.9%
28.2%
Net Margin
CWK
CWK
ON
ON
Q4 25
-0.8%
16.4%
Q3 25
2.0%
11.6%
Q2 25
2.3%
-33.6%
Q1 25
0.1%
Q4 24
4.3%
22.1%
Q3 24
1.4%
22.8%
Q2 24
0.6%
19.5%
Q1 24
-1.3%
24.3%
EPS (diluted)
CWK
CWK
ON
ON
Q4 25
$-0.10
$0.63
Q3 25
$0.22
$0.41
Q2 25
$0.25
$-1.15
Q1 25
$0.01
Q4 24
$0.49
$0.88
Q3 24
$0.14
$0.93
Q2 24
$0.06
$0.78
Q1 24
$-0.13
$1.04

Balance Sheet & Financial Strength

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

Metric
CWK
CWK
ON
ON
Cash + ST InvestmentsLiquidity on hand
$784.2M
$2.9B
Total DebtLower is stronger
$2.7B
$3.4B
Stockholders' EquityBook value
$2.0B
$7.9B
Total Assets
$7.7B
$13.0B
Debt / EquityLower = less leverage
1.40×
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWK
CWK
ON
ON
Q4 25
$784.2M
$2.9B
Q3 25
$634.4M
$2.8B
Q2 25
$618.2M
$3.0B
Q1 25
$623.2M
Q4 24
$793.3M
$3.0B
Q3 24
$775.4M
$2.8B
Q2 24
$567.3M
$2.7B
Q1 24
$553.5M
$2.6B
Total Debt
CWK
CWK
ON
ON
Q4 25
$2.7B
$3.4B
Q3 25
$2.8B
$3.4B
Q2 25
$3.0B
$3.4B
Q1 25
$3.0B
Q4 24
$3.0B
$3.4B
Q3 24
$3.1B
$3.4B
Q2 24
$3.1B
$3.4B
Q1 24
$3.2B
$3.4B
Stockholders' Equity
CWK
CWK
ON
ON
Q4 25
$2.0B
$7.9B
Q3 25
$2.0B
$7.9B
Q2 25
$1.9B
$8.0B
Q1 25
$1.8B
Q4 24
$1.8B
$8.8B
Q3 24
$1.7B
$8.6B
Q2 24
$1.6B
$8.3B
Q1 24
$1.6B
$8.1B
Total Assets
CWK
CWK
ON
ON
Q4 25
$7.7B
$13.0B
Q3 25
$7.7B
$13.1B
Q2 25
$7.6B
$13.3B
Q1 25
$7.4B
Q4 24
$7.5B
$14.1B
Q3 24
$7.5B
$13.9B
Q2 24
$7.3B
$13.7B
Q1 24
$7.5B
$13.5B
Debt / Equity
CWK
CWK
ON
ON
Q4 25
1.40×
0.43×
Q3 25
1.45×
0.43×
Q2 25
1.57×
0.42×
Q1 25
1.70×
Q4 24
1.73×
0.38×
Q3 24
1.81×
0.39×
Q2 24
1.91×
0.41×
Q1 24
1.96×
0.42×

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
ON
ON
Operating Cash FlowLast quarter
$257.3M
$418.7M
Free Cash FlowOCF − Capex
$234.3M
$372.4M
FCF MarginFCF / Revenue
8.0%
24.0%
Capex IntensityCapex / Revenue
0.8%
3.0%
Cash ConversionOCF / Net Profit
1.64×
TTM Free Cash FlowTrailing 4 quarters
$293.0M
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWK
CWK
ON
ON
Q4 25
$257.3M
$418.7M
Q3 25
$235.5M
$184.3M
Q2 25
$9.6M
$602.3M
Q1 25
$-162.0M
Q4 24
$115.2M
$579.7M
Q3 24
$196.1M
$465.8M
Q2 24
$21.8M
$362.2M
Q1 24
$-125.1M
$498.7M
Free Cash Flow
CWK
CWK
ON
ON
Q4 25
$234.3M
$372.4M
Q3 25
$225.0M
$106.1M
Q2 25
$300.0K
$454.7M
Q1 25
$-166.6M
Q4 24
$105.9M
$434.8M
Q3 24
$186.7M
$293.6M
Q2 24
$10.0M
$207.7M
Q1 24
$-135.6M
$276.3M
FCF Margin
CWK
CWK
ON
ON
Q4 25
8.0%
24.0%
Q3 25
8.6%
7.2%
Q2 25
0.0%
31.5%
Q1 25
-7.3%
Q4 24
4.0%
25.2%
Q3 24
8.0%
16.7%
Q2 24
0.4%
12.0%
Q1 24
-6.2%
14.8%
Capex Intensity
CWK
CWK
ON
ON
Q4 25
0.8%
3.0%
Q3 25
0.4%
5.3%
Q2 25
0.4%
10.2%
Q1 25
0.2%
Q4 24
0.4%
8.4%
Q3 24
0.4%
9.8%
Q2 24
0.5%
8.9%
Q1 24
0.5%
11.9%
Cash Conversion
CWK
CWK
ON
ON
Q4 25
1.64×
Q3 25
4.58×
1.08×
Q2 25
0.17×
Q1 25
-85.26×
Q4 24
1.02×
1.53×
Q3 24
5.82×
1.16×
Q2 24
1.61×
1.07×
Q1 24
1.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CWK
CWK

Equity Method Investment Nonconsolidated Investee Or Group Of Investees$1.8B61%
Other$1.1B39%

ON
ON

Industrial Segment$426.3M27%
Other End Markets Segment$337.3M22%
Intelligent Sensing Segments$284.0M18%
Direct Customers$282.4M18%
Intelligent Sensing Group$230.0M15%

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