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Side-by-side financial comparison of Cushman & Wakefield Ltd. (CWK) and PulteGroup (PHM). Click either name above to swap in a different company.
PulteGroup is the larger business by last-quarter revenue ($3.4B vs $2.9B, roughly 1.2× Cushman & Wakefield Ltd.). PulteGroup runs the higher net margin — 10.2% vs -0.8%, a 10.9% gap on every dollar of revenue. On growth, Cushman & Wakefield Ltd. posted the faster year-over-year revenue change (10.8% vs -12.4%). Over the past eight quarters, Cushman & Wakefield Ltd.'s revenue compounded faster (15.5% CAGR vs -13.9%).
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.
PulteGroup, Inc. is an American residential home-construction company based in Atlanta, Georgia, United States. As of 2023, the company is the third-largest home-construction company in the United States based on the number of homes closed. In total, the company has built over 775,000 homes.
CWK vs PHM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $3.4B |
| Net Profit | $-22.4M | $347.0M |
| Gross Margin | — | — |
| Operating Margin | 6.1% | — |
| Net Margin | -0.8% | 10.2% |
| Revenue YoY | 10.8% | -12.4% |
| Net Profit YoY | -119.8% | -33.6% |
| EPS (diluted) | $-0.10 | — |
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 | — | $3.4B | ||
| Q4 25 | $2.9B | $4.6B | ||
| Q3 25 | $2.6B | $4.4B | ||
| Q2 25 | $2.5B | $4.4B | ||
| Q1 25 | $2.3B | $3.9B | ||
| Q4 24 | $2.6B | $4.9B | ||
| Q3 24 | $2.3B | $4.5B | ||
| Q2 24 | $2.3B | $4.6B |
| Q1 26 | — | $347.0M | ||
| Q4 25 | $-22.4M | $501.6M | ||
| Q3 25 | $51.4M | $585.8M | ||
| Q2 25 | $57.3M | $608.5M | ||
| Q1 25 | $1.9M | $522.8M | ||
| Q4 24 | $112.9M | $913.2M | ||
| Q3 24 | $33.7M | $697.9M | ||
| Q2 24 | $13.5M | $809.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 27.8% | ||
| Q2 25 | — | 28.6% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | — | 31.4% |
| Q1 26 | — | — | ||
| Q4 25 | 6.1% | — | ||
| Q3 25 | 4.1% | — | ||
| Q2 25 | 4.9% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 3.1% | — |
| Q1 26 | — | 10.2% | ||
| Q4 25 | -0.8% | 10.9% | ||
| Q3 25 | 2.0% | 13.3% | ||
| Q2 25 | 2.3% | 13.8% | ||
| Q1 25 | 0.1% | 13.4% | ||
| Q4 24 | 4.3% | 18.6% | ||
| Q3 24 | 1.4% | 15.6% | ||
| Q2 24 | 0.6% | 17.6% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.10 | $2.56 | ||
| Q3 25 | $0.22 | $2.96 | ||
| Q2 25 | $0.25 | $3.03 | ||
| Q1 25 | $0.01 | $2.57 | ||
| Q4 24 | $0.49 | $4.41 | ||
| Q3 24 | $0.14 | $3.35 | ||
| Q2 24 | $0.06 | $3.83 |
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 | $1.8B |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $2.0B | $13.0B |
| Total Assets | $7.7B | $5.2B |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| Q4 25 | $784.2M | $2.0B | ||
| Q3 25 | $634.4M | $1.5B | ||
| Q2 25 | $618.2M | $1.2B | ||
| Q1 25 | $623.2M | $1.2B | ||
| Q4 24 | $793.3M | $1.6B | ||
| Q3 24 | $775.4M | $1.4B | ||
| Q2 24 | $567.3M | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $43.9M | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | $31.1M | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.1B | — |
| Q1 26 | — | $13.0B | ||
| Q4 25 | $2.0B | $13.0B | ||
| Q3 25 | $2.0B | $12.8B | ||
| Q2 25 | $1.9B | $12.6B | ||
| Q1 25 | $1.8B | $12.3B | ||
| Q4 24 | $1.8B | $12.1B | ||
| Q3 24 | $1.7B | $11.6B | ||
| Q2 24 | $1.6B | $11.2B |
| Q1 26 | — | $5.2B | ||
| Q4 25 | $7.7B | $18.0B | ||
| Q3 25 | $7.7B | $17.9B | ||
| Q2 25 | $7.6B | $17.6B | ||
| Q1 25 | $7.4B | $17.3B | ||
| Q4 24 | $7.5B | $17.4B | ||
| Q3 24 | $7.5B | $17.0B | ||
| Q2 24 | $7.3B | $16.5B |
| Q1 26 | — | — | ||
| Q4 25 | 1.40× | 0.00× | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.70× | — | ||
| Q4 24 | 1.73× | 0.00× | ||
| 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 | $257.3M | $159.8M |
| Free Cash FlowOCF − Capex | $234.3M | — |
| FCF MarginFCF / Revenue | 8.0% | — |
| Capex IntensityCapex / Revenue | 0.8% | 0.7% |
| Cash ConversionOCF / Net Profit | — | 0.46× |
| TTM Free Cash FlowTrailing 4 quarters | $293.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $159.8M | ||
| Q4 25 | $257.3M | $771.1M | ||
| Q3 25 | $235.5M | $678.4M | ||
| Q2 25 | $9.6M | $287.5M | ||
| Q1 25 | $-162.0M | $134.2M | ||
| Q4 24 | $115.2M | $567.6M | ||
| Q3 24 | $196.1M | $455.9M | ||
| Q2 24 | $21.8M | $417.5M |
| Q1 26 | — | — | ||
| Q4 25 | $234.3M | $739.8M | ||
| Q3 25 | $225.0M | $651.1M | ||
| Q2 25 | $300.0K | $253.0M | ||
| Q1 25 | $-166.6M | $104.6M | ||
| Q4 24 | $105.9M | $543.1M | ||
| Q3 24 | $186.7M | $417.2M | ||
| Q2 24 | $10.0M | $386.2M |
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 16.0% | ||
| Q3 25 | 8.6% | 14.8% | ||
| Q2 25 | 0.0% | 5.7% | ||
| Q1 25 | -7.3% | 2.7% | ||
| Q4 24 | 4.0% | 11.0% | ||
| Q3 24 | 8.0% | 9.3% | ||
| Q2 24 | 0.4% | 8.4% |
| Q1 26 | — | 0.7% | ||
| Q4 25 | 0.8% | 0.7% | ||
| Q3 25 | 0.4% | 0.6% | ||
| Q2 25 | 0.4% | 0.8% | ||
| Q1 25 | 0.2% | 0.8% | ||
| Q4 24 | 0.4% | 0.5% | ||
| Q3 24 | 0.4% | 0.9% | ||
| Q2 24 | 0.5% | 0.7% |
| Q1 26 | — | 0.46× | ||
| Q4 25 | — | 1.54× | ||
| Q3 25 | 4.58× | 1.16× | ||
| Q2 25 | 0.17× | 0.47× | ||
| Q1 25 | -85.26× | 0.26× | ||
| Q4 24 | 1.02× | 0.62× | ||
| Q3 24 | 5.82× | 0.65× | ||
| Q2 24 | 1.61× | 0.52× |
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% |
PHM
| Home sale revenues | $3.3B | 97% |
| Financial Services | $71.7M | 2% |
| Land sale and other revenues | $29.3M | 1% |
