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Side-by-side financial comparison of Cushman & Wakefield Ltd. (CWK) and Ralph Lauren Corporation (RL). 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× Ralph Lauren Corporation). Ralph Lauren Corporation runs the higher net margin — 15.0% vs -0.8%, a 15.8% gap on every dollar of revenue. On growth, Ralph Lauren Corporation posted the faster year-over-year revenue change (12.2% vs 10.8%). Ralph Lauren Corporation produced more free cash flow last quarter ($704.0M vs $234.3M). Over the past eight quarters, Ralph Lauren Corporation's revenue compounded faster (23.9% CAGR vs 15.5%).

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.

Ralph Lauren is an American fashion designer, philanthropist, and billionaire businessman, best known for founding the brand Ralph Lauren, a global multibillion-dollar enterprise. He stepped down as CEO of the company in September 2015 but remains executive chairman and chief creative officer. As of May 2025, his net worth is estimated at US$11.9 billion.

CWK vs RL — Head-to-Head

Bigger by revenue
CWK
CWK
1.2× larger
CWK
$2.9B
$2.4B
RL
Growing faster (revenue YoY)
RL
RL
+1.4% gap
RL
12.2%
10.8%
CWK
Higher net margin
RL
RL
15.8% more per $
RL
15.0%
-0.8%
CWK
More free cash flow
RL
RL
$469.7M more FCF
RL
$704.0M
$234.3M
CWK
Faster 2-yr revenue CAGR
RL
RL
Annualised
RL
23.9%
15.5%
CWK

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
CWK
CWK
RL
RL
Revenue
$2.9B
$2.4B
Net Profit
$-22.4M
$361.6M
Gross Margin
69.9%
Operating Margin
6.1%
19.6%
Net Margin
-0.8%
15.0%
Revenue YoY
10.8%
12.2%
Net Profit YoY
-119.8%
21.6%
EPS (diluted)
$-0.10
$5.82

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
RL
RL
Q4 25
$2.9B
$2.4B
Q3 25
$2.6B
$2.0B
Q2 25
$2.5B
$1.7B
Q1 25
$2.3B
$1.7B
Q4 24
$2.6B
$2.1B
Q3 24
$2.3B
$1.7B
Q2 24
$2.3B
$1.5B
Q1 24
$2.2B
$1.6B
Net Profit
CWK
CWK
RL
RL
Q4 25
$-22.4M
$361.6M
Q3 25
$51.4M
$207.5M
Q2 25
$57.3M
$220.4M
Q1 25
$1.9M
$129.0M
Q4 24
$112.9M
$297.4M
Q3 24
$33.7M
$147.9M
Q2 24
$13.5M
$168.6M
Q1 24
$-28.8M
$90.7M
Gross Margin
CWK
CWK
RL
RL
Q4 25
69.9%
Q3 25
68.0%
Q2 25
72.3%
Q1 25
68.7%
Q4 24
68.4%
Q3 24
67.0%
Q2 24
70.5%
Q1 24
66.6%
Operating Margin
CWK
CWK
RL
RL
Q4 25
6.1%
19.6%
Q3 25
4.1%
12.2%
Q2 25
4.9%
15.9%
Q1 25
2.0%
9.1%
Q4 24
6.6%
18.2%
Q3 24
3.2%
10.4%
Q2 24
3.1%
13.8%
Q1 24
0.9%
6.9%
Net Margin
CWK
CWK
RL
RL
Q4 25
-0.8%
15.0%
Q3 25
2.0%
10.3%
Q2 25
2.3%
12.8%
Q1 25
0.1%
7.6%
Q4 24
4.3%
13.9%
Q3 24
1.4%
8.6%
Q2 24
0.6%
11.1%
Q1 24
-1.3%
5.8%
EPS (diluted)
CWK
CWK
RL
RL
Q4 25
$-0.10
$5.82
Q3 25
$0.22
$3.32
Q2 25
$0.25
$3.52
Q1 25
$0.01
$2.03
Q4 24
$0.49
$4.66
Q3 24
$0.14
$2.31
Q2 24
$0.06
$2.61
Q1 24
$-0.13
$1.37

Balance Sheet & Financial Strength

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

Metric
CWK
CWK
RL
RL
Cash + ST InvestmentsLiquidity on hand
$784.2M
$2.3B
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$2.0B
$2.9B
Total Assets
$7.7B
$7.8B
Debt / EquityLower = less leverage
1.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWK
CWK
RL
RL
Q4 25
$784.2M
$2.3B
Q3 25
$634.4M
$1.6B
Q2 25
$618.2M
$2.3B
Q1 25
$623.2M
$2.1B
Q4 24
$793.3M
$2.1B
Q3 24
$775.4M
$1.7B
Q2 24
$567.3M
$1.8B
Q1 24
$553.5M
$1.8B
Total Debt
CWK
CWK
RL
RL
Q4 25
$2.7B
Q3 25
$2.8B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$3.1B
Q2 24
$3.1B
Q1 24
$3.2B
Stockholders' Equity
CWK
CWK
RL
RL
Q4 25
$2.0B
$2.9B
Q3 25
$2.0B
$2.6B
Q2 25
$1.9B
$2.5B
Q1 25
$1.8B
$2.6B
Q4 24
$1.8B
$2.5B
Q3 24
$1.7B
$2.4B
Q2 24
$1.6B
$2.4B
Q1 24
$1.6B
$2.5B
Total Assets
CWK
CWK
RL
RL
Q4 25
$7.7B
$7.8B
Q3 25
$7.7B
$7.3B
Q2 25
$7.6B
$7.8B
Q1 25
$7.4B
$7.0B
Q4 24
$7.5B
$7.1B
Q3 24
$7.5B
$6.8B
Q2 24
$7.3B
$6.6B
Q1 24
$7.5B
$6.6B
Debt / Equity
CWK
CWK
RL
RL
Q4 25
1.40×
Q3 25
1.45×
Q2 25
1.57×
Q1 25
1.70×
Q4 24
1.73×
Q3 24
1.81×
Q2 24
1.91×
Q1 24
1.96×

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
RL
RL
Operating Cash FlowLast quarter
$257.3M
$779.6M
Free Cash FlowOCF − Capex
$234.3M
$704.0M
FCF MarginFCF / Revenue
8.0%
29.3%
Capex IntensityCapex / Revenue
0.8%
3.1%
Cash ConversionOCF / Net Profit
2.16×
TTM Free Cash FlowTrailing 4 quarters
$293.0M
$694.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWK
CWK
RL
RL
Q4 25
$257.3M
$779.6M
Q3 25
$235.5M
$53.2M
Q2 25
$9.6M
$176.1M
Q1 25
$-162.0M
$122.2M
Q4 24
$115.2M
$738.4M
Q3 24
$196.1M
$97.2M
Q2 24
$21.8M
$277.3M
Q1 24
$-125.1M
Free Cash Flow
CWK
CWK
RL
RL
Q4 25
$234.3M
$704.0M
Q3 25
$225.0M
$-40.6M
Q2 25
$300.0K
$-11.2M
Q1 25
$-166.6M
$42.3M
Q4 24
$105.9M
$677.2M
Q3 24
$186.7M
$55.5M
Q2 24
$10.0M
$243.9M
Q1 24
$-135.6M
FCF Margin
CWK
CWK
RL
RL
Q4 25
8.0%
29.3%
Q3 25
8.6%
-2.0%
Q2 25
0.0%
-0.7%
Q1 25
-7.3%
2.5%
Q4 24
4.0%
31.6%
Q3 24
8.0%
3.2%
Q2 24
0.4%
16.1%
Q1 24
-6.2%
Capex Intensity
CWK
CWK
RL
RL
Q4 25
0.8%
3.1%
Q3 25
0.4%
4.7%
Q2 25
0.4%
10.9%
Q1 25
0.2%
4.7%
Q4 24
0.4%
2.9%
Q3 24
0.4%
2.4%
Q2 24
0.5%
2.2%
Q1 24
0.5%
Cash Conversion
CWK
CWK
RL
RL
Q4 25
2.16×
Q3 25
4.58×
0.26×
Q2 25
0.17×
0.80×
Q1 25
-85.26×
0.95×
Q4 24
1.02×
2.48×
Q3 24
5.82×
0.66×
Q2 24
1.61×
1.64×
Q1 24

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%

RL
RL

Segment breakdown not available.

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