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Side-by-side financial comparison of Cushman & Wakefield Ltd. (CWK) and QVC Group, Inc. (QVCGA). Click either name above to swap in a different company.
Cushman & Wakefield Ltd. is the larger business by last-quarter revenue ($2.9B vs $2.7B, roughly 1.1× QVC Group, Inc.). Cushman & Wakefield Ltd. runs the higher net margin — -0.8% vs -1.4%, a 0.6% gap on every dollar of revenue. On growth, Cushman & Wakefield Ltd. posted the faster year-over-year revenue change (10.8% vs -9.1%). Cushman & Wakefield Ltd. produced more free cash flow last quarter ($234.3M vs $191.0M). Over the past eight quarters, Cushman & Wakefield Ltd.'s revenue compounded faster (15.5% CAGR vs 6.9%).
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.
QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
CWK vs QVCGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $2.7B |
| Net Profit | $-22.4M | $-37.0M |
| Gross Margin | — | 32.9% |
| Operating Margin | 6.1% | 3.7% |
| Net Margin | -0.8% | -1.4% |
| Revenue YoY | 10.8% | -9.1% |
| Net Profit YoY | -119.8% | 97.1% |
| EPS (diluted) | $-0.10 | $-17.37 |
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 | $2.7B | ||
| Q3 25 | $2.6B | $2.2B | ||
| Q2 25 | $2.5B | $2.2B | ||
| Q1 25 | $2.3B | $2.1B | ||
| Q4 24 | $2.6B | $2.9B | ||
| Q3 24 | $2.3B | $2.3B | ||
| Q2 24 | $2.3B | $2.4B | ||
| Q1 24 | $2.2B | $2.3B |
| Q4 25 | $-22.4M | $-37.0M | ||
| Q3 25 | $51.4M | $-80.0M | ||
| Q2 25 | $57.3M | $-2.2B | ||
| Q1 25 | $1.9M | $-100.0M | ||
| Q4 24 | $112.9M | $-1.3B | ||
| Q3 24 | $33.7M | $-23.0M | ||
| Q2 24 | $13.5M | $20.0M | ||
| Q1 24 | $-28.8M | $-1.0M |
| Q4 25 | — | 32.9% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 36.4% | ||
| Q1 25 | — | 34.2% | ||
| Q4 24 | — | 33.3% | ||
| Q3 24 | — | 35.3% | ||
| Q2 24 | — | 36.4% | ||
| Q1 24 | — | 35.5% |
| Q4 25 | 6.1% | 3.7% | ||
| Q3 25 | 4.1% | 2.7% | ||
| Q2 25 | 4.9% | -101.6% | ||
| Q1 25 | 2.0% | 0.7% | ||
| Q4 24 | 6.6% | -43.2% | ||
| Q3 24 | 3.2% | 6.5% | ||
| Q2 24 | 3.1% | 6.9% | ||
| Q1 24 | 0.9% | 6.2% |
| Q4 25 | -0.8% | -1.4% | ||
| Q3 25 | 2.0% | -3.6% | ||
| Q2 25 | 2.3% | -99.4% | ||
| Q1 25 | 0.1% | -4.8% | ||
| Q4 24 | 4.3% | -43.7% | ||
| Q3 24 | 1.4% | -1.0% | ||
| Q2 24 | 0.6% | 0.8% | ||
| Q1 24 | -1.3% | -0.0% |
| Q4 25 | $-0.10 | $-17.37 | ||
| Q3 25 | $0.22 | $-9.89 | ||
| Q2 25 | $0.25 | $-275.46 | ||
| Q1 25 | $0.01 | $-0.25 | ||
| Q4 24 | $0.49 | — | ||
| Q3 24 | $0.14 | $-0.06 | ||
| Q2 24 | $0.06 | $2.57 | ||
| 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 | $2.0B |
| Total DebtLower is stronger | $2.7B | $790.0M |
| Stockholders' EquityBook value | $2.0B | $-3.1B |
| Total Assets | $7.7B | $7.6B |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $784.2M | $2.0B | ||
| Q3 25 | $634.4M | $1.8B | ||
| Q2 25 | $618.2M | $897.0M | ||
| Q1 25 | $623.2M | $833.0M | ||
| Q4 24 | $793.3M | $905.0M | ||
| Q3 24 | $775.4M | $873.0M | ||
| Q2 24 | $567.3M | $1.2B | ||
| Q1 24 | $553.5M | $1.1B |
| Q4 25 | $2.7B | $790.0M | ||
| Q3 25 | $2.8B | $5.9B | ||
| Q2 25 | $3.0B | $4.9B | ||
| Q1 25 | $3.0B | $5.0B | ||
| Q4 24 | $3.0B | $4.1B | ||
| Q3 24 | $3.1B | $5.1B | ||
| Q2 24 | $3.1B | $5.3B | ||
| Q1 24 | $3.2B | $5.5B |
| Q4 25 | $2.0B | $-3.1B | ||
| Q3 25 | $2.0B | $-3.1B | ||
| Q2 25 | $1.9B | $-3.0B | ||
| Q1 25 | $1.8B | $-981.0M | ||
| Q4 24 | $1.8B | $-971.0M | ||
| Q3 24 | $1.7B | $397.0M | ||
| Q2 24 | $1.6B | $328.0M | ||
| Q1 24 | $1.6B | $255.0M |
| Q4 25 | $7.7B | $7.6B | ||
| Q3 25 | $7.7B | $7.6B | ||
| Q2 25 | $7.6B | $6.7B | ||
| Q1 25 | $7.4B | $9.0B | ||
| Q4 24 | $7.5B | $9.2B | ||
| Q3 24 | $7.5B | $10.8B | ||
| Q2 24 | $7.3B | $10.9B | ||
| Q1 24 | $7.5B | $11.0B |
| Q4 25 | 1.40× | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.70× | — | ||
| Q4 24 | 1.73× | — | ||
| Q3 24 | 1.81× | 12.74× | ||
| Q2 24 | 1.91× | 16.28× | ||
| Q1 24 | 1.96× | 21.53× |
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 | $244.0M |
| Free Cash FlowOCF − Capex | $234.3M | $191.0M |
| FCF MarginFCF / Revenue | 8.0% | 7.1% |
| Capex IntensityCapex / Revenue | 0.8% | 2.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $293.0M | $118.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $257.3M | $244.0M | ||
| Q3 25 | $235.5M | $4.0M | ||
| Q2 25 | $9.6M | $86.0M | ||
| Q1 25 | $-162.0M | $-60.0M | ||
| Q4 24 | $115.2M | $212.0M | ||
| Q3 24 | $196.1M | $20.0M | ||
| Q2 24 | $21.8M | $267.0M | ||
| Q1 24 | $-125.1M | $26.0M |
| Q4 25 | $234.3M | $191.0M | ||
| Q3 25 | $225.0M | $-27.0M | ||
| Q2 25 | $300.0K | $48.0M | ||
| Q1 25 | $-166.6M | $-94.0M | ||
| Q4 24 | $105.9M | $150.0M | ||
| Q3 24 | $186.7M | $-23.0M | ||
| Q2 24 | $10.0M | $213.0M | ||
| Q1 24 | $-135.6M | $-14.0M |
| Q4 25 | 8.0% | 7.1% | ||
| Q3 25 | 8.6% | -1.2% | ||
| Q2 25 | 0.0% | 2.1% | ||
| Q1 25 | -7.3% | -4.5% | ||
| Q4 24 | 4.0% | 5.1% | ||
| Q3 24 | 8.0% | -1.0% | ||
| Q2 24 | 0.4% | 8.8% | ||
| Q1 24 | -6.2% | -0.6% |
| Q4 25 | 0.8% | 2.0% | ||
| Q3 25 | 0.4% | 1.4% | ||
| Q2 25 | 0.4% | 1.7% | ||
| Q1 25 | 0.2% | 1.6% | ||
| Q4 24 | 0.4% | 2.1% | ||
| Q3 24 | 0.4% | 1.8% | ||
| Q2 24 | 0.5% | 2.2% | ||
| Q1 24 | 0.5% | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | 4.58× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | -85.26× | — | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 5.82× | — | ||
| Q2 24 | 1.61× | 13.35× | ||
| Q1 24 | — | — |
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% |
QVCGA
| Other | $915.0M | 34% |
| Home | $754.0M | 28% |
| Beauty | $260.0M | 10% |
| Apparel | $254.0M | 9% |
| Electronics | $187.0M | 7% |
| Accessories | $181.0M | 7% |
| Jewelry | $87.0M | 3% |
| Manufactured Product Other | $38.0M | 1% |
