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Side-by-side financial comparison of Cushman & Wakefield Ltd. (CWK) and QVC INC (QVCD). Click either name above to swap in a different company.
Cushman & Wakefield Ltd. is the larger business by last-quarter revenue ($2.9B vs $2.4B, roughly 1.2× QVC INC). QVC INC runs the higher net margin — 1.5% vs -0.8%, a 2.3% gap on every dollar of revenue. On growth, Cushman & Wakefield Ltd. posted the faster year-over-year revenue change (10.8% vs -8.9%). Over the past eight quarters, Cushman & Wakefield Ltd.'s revenue compounded faster (15.5% CAGR vs 7.1%).
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.
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
CWK vs QVCD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $2.4B |
| Net Profit | $-22.4M | $37.0M |
| Gross Margin | — | 32.5% |
| Operating Margin | 6.1% | 5.6% |
| Net Margin | -0.8% | 1.5% |
| Revenue YoY | 10.8% | -8.9% |
| Net Profit YoY | -119.8% | 103.0% |
| 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.
| Q4 25 | $2.9B | $2.4B | ||
| Q3 25 | $2.6B | $2.0B | ||
| Q2 25 | $2.5B | $2.0B | ||
| Q1 25 | $2.3B | $1.9B | ||
| Q4 24 | $2.6B | $2.7B | ||
| Q3 24 | $2.3B | $2.1B | ||
| Q2 24 | $2.3B | $2.1B | ||
| Q1 24 | $2.2B | $2.1B |
| Q4 25 | $-22.4M | $37.0M | ||
| Q3 25 | $51.4M | $2.0M | ||
| Q2 25 | $57.3M | $-2.2B | ||
| Q1 25 | $1.9M | $-42.0M | ||
| Q4 24 | $112.9M | $-1.2B | ||
| Q3 24 | $33.7M | $51.0M | ||
| Q2 24 | $13.5M | $53.0M | ||
| Q1 24 | $-28.8M | $51.0M |
| Q4 25 | — | 32.5% | ||
| Q3 25 | — | 33.6% | ||
| Q2 25 | — | 35.4% | ||
| Q1 25 | — | 33.3% | ||
| Q4 24 | — | 32.6% | ||
| Q3 24 | — | 34.7% | ||
| Q2 24 | — | 35.6% | ||
| Q1 24 | — | 35.0% |
| Q4 25 | 6.1% | 5.6% | ||
| Q3 25 | 4.1% | 4.6% | ||
| Q2 25 | 4.9% | -114.5% | ||
| Q1 25 | 2.0% | 1.5% | ||
| Q4 24 | 6.6% | -47.1% | ||
| Q3 24 | 3.2% | 7.8% | ||
| Q2 24 | 3.1% | 7.6% | ||
| Q1 24 | 0.9% | 7.4% |
| Q4 25 | -0.8% | 1.5% | ||
| Q3 25 | 2.0% | 0.1% | ||
| Q2 25 | 2.3% | -109.1% | ||
| Q1 25 | 0.1% | -2.2% | ||
| Q4 24 | 4.3% | -46.0% | ||
| Q3 24 | 1.4% | 2.4% | ||
| Q2 24 | 0.6% | 2.5% | ||
| Q1 24 | -1.3% | 2.4% |
| Q4 25 | $-0.10 | — | ||
| Q3 25 | $0.22 | — | ||
| Q2 25 | $0.25 | — | ||
| Q1 25 | $0.01 | — | ||
| Q4 24 | $0.49 | — | ||
| Q3 24 | $0.14 | — | ||
| Q2 24 | $0.06 | — | ||
| Q1 24 | $-0.13 | — |
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 | $1.5B |
| Total DebtLower is stronger | $2.7B | $1.0M |
| Stockholders' EquityBook value | $2.0B | $1.2B |
| Total Assets | $7.7B | $8.5B |
| Debt / EquityLower = less leverage | 1.40× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $784.2M | $1.5B | ||
| Q3 25 | $634.4M | — | ||
| Q2 25 | $618.2M | — | ||
| Q1 25 | $623.2M | — | ||
| Q4 24 | $793.3M | $297.0M | ||
| Q3 24 | $775.4M | $297.0M | ||
| Q2 24 | $567.3M | $315.0M | ||
| Q1 24 | $553.5M | $311.0M |
| Q4 25 | $2.7B | $1.0M | ||
| Q3 25 | $2.8B | $5.0B | ||
| Q2 25 | $3.0B | $4.0B | ||
| Q1 25 | $3.0B | $4.0B | ||
| Q4 24 | $3.0B | $3.3B | ||
| Q3 24 | $3.1B | $3.4B | ||
| Q2 24 | $3.1B | $3.7B | ||
| Q1 24 | $3.2B | $3.8B |
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.8B | $3.3B | ||
| Q4 24 | $1.8B | $3.3B | ||
| Q3 24 | $1.7B | $4.6B | ||
| Q2 24 | $1.6B | $4.3B | ||
| Q1 24 | $1.6B | $4.2B |
| Q4 25 | $7.7B | $8.5B | ||
| Q3 25 | $7.7B | $8.3B | ||
| Q2 25 | $7.6B | $7.4B | ||
| Q1 25 | $7.4B | $9.7B | ||
| Q4 24 | $7.5B | $9.9B | ||
| Q3 24 | $7.5B | $9.9B | ||
| Q2 24 | $7.3B | $11.2B | ||
| Q1 24 | $7.5B | $11.4B |
| Q4 25 | 1.40× | 0.00× | ||
| Q3 25 | 1.45× | 4.30× | ||
| Q2 25 | 1.57× | 3.42× | ||
| Q1 25 | 1.70× | 1.22× | ||
| Q4 24 | 1.73× | 1.01× | ||
| Q3 24 | 1.81× | 0.73× | ||
| Q2 24 | 1.91× | 0.87× | ||
| Q1 24 | 1.96× | 0.89× |
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 | $245.0M |
| Free Cash FlowOCF − Capex | $234.3M | — |
| FCF MarginFCF / Revenue | 8.0% | — |
| Capex IntensityCapex / Revenue | 0.8% | — |
| Cash ConversionOCF / Net Profit | — | 6.62× |
| TTM Free Cash FlowTrailing 4 quarters | $293.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $257.3M | $245.0M | ||
| Q3 25 | $235.5M | $76.0M | ||
| Q2 25 | $9.6M | $52.0M | ||
| Q1 25 | $-162.0M | $46.0M | ||
| Q4 24 | $115.2M | $189.0M | ||
| Q3 24 | $196.1M | $98.0M | ||
| Q2 24 | $21.8M | $164.0M | ||
| Q1 24 | $-125.1M | $84.0M |
| Q4 25 | $234.3M | — | ||
| Q3 25 | $225.0M | — | ||
| Q2 25 | $300.0K | — | ||
| Q1 25 | $-166.6M | — | ||
| Q4 24 | $105.9M | — | ||
| Q3 24 | $186.7M | — | ||
| Q2 24 | $10.0M | — | ||
| Q1 24 | $-135.6M | — |
| Q4 25 | 8.0% | — | ||
| Q3 25 | 8.6% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | -7.3% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 8.0% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | -6.2% | — |
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 0.5% | — |
| Q4 25 | — | 6.62× | ||
| Q3 25 | 4.58× | 38.00× | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | -85.26× | — | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 5.82× | 1.92× | ||
| Q2 24 | 1.61× | 3.09× | ||
| Q1 24 | — | 1.65× |
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% |
QVCD
| Home | $754.0M | 31% |
| QVC International | $661.0M | 27% |
| Beauty | $260.0M | 11% |
| Apparel | $254.0M | 10% |
| Electronics | $187.0M | 8% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 4% |
| Otherrevenue | $38.0M | 2% |
