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Side-by-side financial comparison of Cushman & Wakefield Ltd. (CWK) and Primoris Services Corp (PRIM). Click either name above to swap in a different company.
Cushman & Wakefield Ltd. is the larger business by last-quarter revenue ($2.5B vs $1.9B, roughly 1.4× Primoris Services Corp). On growth, Cushman & Wakefield Ltd. posted the faster year-over-year revenue change (11.0% vs 6.7%). Primoris Services Corp produced more free cash flow last quarter ($121.1M vs $-255.7M). Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% 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.
Primoris Services Corporation is a publicly traded specialty construction and infrastructure company based in the United States, with a particular focus on pipelines for natural gas, wastewater and water. As of 2014 it was a Fortune 1000 company.
CWK vs PRIM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $1.9B |
| Net Profit | — | $51.7M |
| Gross Margin | — | 9.4% |
| Operating Margin | 2.3% | 4.2% |
| Net Margin | — | 2.8% |
| Revenue YoY | 11.0% | 6.7% |
| Net Profit YoY | — | -4.2% |
| EPS (diluted) | $-0.05 | $0.94 |
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 | $1.9B | ||
| Q3 25 | $2.6B | $2.2B | ||
| Q2 25 | $2.5B | $1.9B | ||
| Q1 25 | $2.3B | $1.6B | ||
| Q4 24 | $2.6B | $1.7B | ||
| Q3 24 | $2.3B | $1.6B | ||
| Q2 24 | $2.3B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $-22.4M | $51.7M | ||
| Q3 25 | $51.4M | $94.6M | ||
| Q2 25 | $57.3M | $84.3M | ||
| Q1 25 | $1.9M | $44.2M | ||
| Q4 24 | $112.9M | $54.0M | ||
| Q3 24 | $33.7M | $58.4M | ||
| Q2 24 | $13.5M | $49.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 10.4% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | 11.9% |
| Q1 26 | 2.3% | — | ||
| Q4 25 | 6.1% | 4.2% | ||
| Q3 25 | 4.1% | 6.3% | ||
| Q2 25 | 4.9% | 6.7% | ||
| Q1 25 | 2.0% | 4.3% | ||
| Q4 24 | 6.6% | 5.0% | ||
| Q3 24 | 3.2% | 6.0% | ||
| Q2 24 | 3.1% | 5.5% |
| Q1 26 | — | — | ||
| Q4 25 | -0.8% | 2.8% | ||
| Q3 25 | 2.0% | 4.3% | ||
| Q2 25 | 2.3% | 4.5% | ||
| Q1 25 | 0.1% | 2.7% | ||
| Q4 24 | 4.3% | 3.1% | ||
| Q3 24 | 1.4% | 3.5% | ||
| Q2 24 | 0.6% | 3.2% |
| Q1 26 | $-0.05 | — | ||
| Q4 25 | $-0.10 | $0.94 | ||
| Q3 25 | $0.22 | $1.73 | ||
| Q2 25 | $0.25 | $1.54 | ||
| Q1 25 | $0.01 | $0.81 | ||
| Q4 24 | $0.49 | $0.98 | ||
| Q3 24 | $0.14 | $1.07 | ||
| Q2 24 | $0.06 | $0.91 |
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 | $535.5M |
| Total DebtLower is stronger | — | $469.9M |
| Stockholders' EquityBook value | $2.0B | $1.7B |
| Total Assets | $7.6B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $600.6M | — | ||
| Q4 25 | $784.2M | $535.5M | ||
| Q3 25 | $634.4M | $431.4M | ||
| Q2 25 | $618.2M | $390.3M | ||
| Q1 25 | $623.2M | $351.6M | ||
| Q4 24 | $793.3M | $455.8M | ||
| Q3 24 | $775.4M | $352.7M | ||
| Q2 24 | $567.3M | $207.4M |
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $469.9M | ||
| Q3 25 | $2.8B | $486.0M | ||
| Q2 25 | $3.0B | $603.1M | ||
| Q1 25 | $3.0B | $612.0M | ||
| Q4 24 | $3.0B | $734.8M | ||
| Q3 24 | $3.1B | $903.7M | ||
| Q2 24 | $3.1B | $933.0M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $1.7B | ||
| Q3 25 | $2.0B | $1.6B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $1.8B | $1.4B | ||
| Q4 24 | $1.8B | $1.4B | ||
| Q3 24 | $1.7B | $1.4B | ||
| Q2 24 | $1.6B | $1.3B |
| Q1 26 | $7.6B | — | ||
| Q4 25 | $7.7B | $4.4B | ||
| Q3 25 | $7.7B | $4.6B | ||
| Q2 25 | $7.6B | $4.5B | ||
| Q1 25 | $7.4B | $4.2B | ||
| Q4 24 | $7.5B | $4.2B | ||
| Q3 24 | $7.5B | $4.2B | ||
| Q2 24 | $7.3B | $4.0B |
| Q1 26 | — | — | ||
| Q4 25 | 1.40× | 0.28× | ||
| Q3 25 | 1.45× | 0.30× | ||
| Q2 25 | 1.57× | 0.39× | ||
| Q1 25 | 1.70× | 0.42× | ||
| Q4 24 | 1.73× | 0.52× | ||
| Q3 24 | 1.81× | 0.67× | ||
| Q2 24 | 1.91× | 0.72× |
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 | $142.9M |
| Free Cash FlowOCF − Capex | $-255.7M | $121.1M |
| FCF MarginFCF / Revenue | -10.1% | 6.5% |
| Capex IntensityCapex / Revenue | — | 1.2% |
| Cash ConversionOCF / Net Profit | — | 2.76× |
| TTM Free Cash FlowTrailing 4 quarters | $203.9M | $340.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-243.5M | — | ||
| Q4 25 | $257.3M | $142.9M | ||
| Q3 25 | $235.5M | $182.9M | ||
| Q2 25 | $9.6M | $78.5M | ||
| Q1 25 | $-162.0M | $66.2M | ||
| Q4 24 | $115.2M | $298.3M | ||
| Q3 24 | $196.1M | $222.5M | ||
| Q2 24 | $21.8M | $16.1M |
| Q1 26 | $-255.7M | — | ||
| Q4 25 | $234.3M | $121.1M | ||
| Q3 25 | $225.0M | $148.4M | ||
| Q2 25 | $300.0K | $45.3M | ||
| Q1 25 | $-166.6M | $25.6M | ||
| Q4 24 | $105.9M | $270.0M | ||
| Q3 24 | $186.7M | $158.8M | ||
| Q2 24 | $10.0M | $-8.1M |
| Q1 26 | -10.1% | — | ||
| Q4 25 | 8.0% | 6.5% | ||
| Q3 25 | 8.6% | 6.8% | ||
| Q2 25 | 0.0% | 2.4% | ||
| Q1 25 | -7.3% | 1.6% | ||
| Q4 24 | 4.0% | 15.5% | ||
| Q3 24 | 8.0% | 9.6% | ||
| Q2 24 | 0.4% | -0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 1.2% | ||
| Q3 25 | 0.4% | 1.6% | ||
| Q2 25 | 0.4% | 1.8% | ||
| Q1 25 | 0.2% | 2.5% | ||
| Q4 24 | 0.4% | 1.6% | ||
| Q3 24 | 0.4% | 3.9% | ||
| Q2 24 | 0.5% | 1.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.76× | ||
| Q3 25 | 4.58× | 1.93× | ||
| Q2 25 | 0.17× | 0.93× | ||
| Q1 25 | -85.26× | 1.50× | ||
| Q4 24 | 1.02× | 5.53× | ||
| Q3 24 | 5.82× | 3.81× | ||
| Q2 24 | 1.61× | 0.32× |
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% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
