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Side-by-side financial comparison of Cushman & Wakefield Ltd. (CWK) and RENAISSANCERE HOLDINGS LTD (RNR). Click either name above to swap in a different company.
Cushman & Wakefield Ltd. is the larger business by last-quarter revenue ($2.9B vs $2.2B, roughly 1.3× RENAISSANCERE HOLDINGS LTD). RENAISSANCERE HOLDINGS LTD runs the higher net margin — 23.5% vs -0.8%, a 24.3% gap on every dollar of revenue. On growth, Cushman & Wakefield Ltd. posted the faster year-over-year revenue change (10.8% vs -36.8%). Over the past eight quarters, Cushman & Wakefield Ltd.'s revenue compounded faster (15.5% CAGR vs -11.9%).
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.
RenaissanceRe Holdings Ltd is a Bermudian provider of reinsurance, insurance and other related business services. The company operates in reinsurance, insurance and ventures.
CWK vs RNR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $2.2B |
| Net Profit | $-22.4M | $515.8M |
| Gross Margin | — | — |
| Operating Margin | 6.1% | — |
| Net Margin | -0.8% | 23.5% |
| Revenue YoY | 10.8% | -36.8% |
| Net Profit YoY | -119.8% | 72.6% |
| EPS (diluted) | $-0.10 | $6.57 |
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 | — | $2.2B | ||
| Q4 25 | $2.9B | $3.0B | ||
| Q3 25 | $2.6B | $3.2B | ||
| Q2 25 | $2.5B | $3.2B | ||
| Q1 25 | $2.3B | $3.5B | ||
| Q4 24 | $2.6B | $2.3B | ||
| Q3 24 | $2.3B | $4.0B | ||
| Q2 24 | $2.3B | $2.8B |
| Q1 26 | — | $515.8M | ||
| Q4 25 | $-22.4M | $760.5M | ||
| Q3 25 | $51.4M | $916.5M | ||
| Q2 25 | $57.3M | $835.4M | ||
| Q1 25 | $1.9M | $170.0M | ||
| Q4 24 | $112.9M | $-189.7M | ||
| Q3 24 | $33.7M | $1.2B | ||
| Q2 24 | $13.5M | $503.9M |
| Q1 26 | — | — | ||
| Q4 25 | 6.1% | 42.5% | ||
| Q3 25 | 4.1% | 46.3% | ||
| Q2 25 | 4.9% | 41.8% | ||
| Q1 25 | 2.0% | -2.0% | ||
| Q4 24 | 6.6% | -3.6% | ||
| Q3 24 | 3.2% | 43.7% | ||
| Q2 24 | 3.1% | 25.0% |
| Q1 26 | — | 23.5% | ||
| Q4 25 | -0.8% | 25.6% | ||
| Q3 25 | 2.0% | 28.7% | ||
| Q2 25 | 2.3% | 26.1% | ||
| Q1 25 | 0.1% | 4.9% | ||
| Q4 24 | 4.3% | -8.3% | ||
| Q3 24 | 1.4% | 29.8% | ||
| Q2 24 | 0.6% | 17.8% |
| Q1 26 | — | $6.57 | ||
| Q4 25 | $-0.10 | $16.16 | ||
| Q3 25 | $0.22 | $19.40 | ||
| Q2 25 | $0.25 | $17.20 | ||
| Q1 25 | $0.01 | $3.27 | ||
| Q4 24 | $0.49 | $-3.76 | ||
| Q3 24 | $0.14 | $22.62 | ||
| Q2 24 | $0.06 | $9.41 |
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 | $1.6B |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $2.0B | $4.3B |
| Total Assets | $7.7B | $53.7B |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $784.2M | $1.7B | ||
| Q3 25 | $634.4M | $1.7B | ||
| Q2 25 | $618.2M | $1.4B | ||
| Q1 25 | $623.2M | $1.6B | ||
| Q4 24 | $793.3M | $1.7B | ||
| Q3 24 | $775.4M | $1.6B | ||
| Q2 24 | $567.3M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $2.3B | ||
| Q3 25 | $2.8B | $2.2B | ||
| Q2 25 | $3.0B | $2.3B | ||
| Q1 25 | $3.0B | $2.8B | ||
| Q4 24 | $3.0B | $1.9B | ||
| Q3 24 | $3.1B | $1.9B | ||
| Q2 24 | $3.1B | $2.0B |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $2.0B | $11.6B | ||
| Q3 25 | $2.0B | $11.5B | ||
| Q2 25 | $1.9B | $10.8B | ||
| Q1 25 | $1.8B | $10.3B | ||
| Q4 24 | $1.8B | $10.6B | ||
| Q3 24 | $1.7B | $11.2B | ||
| Q2 24 | $1.6B | $10.2B |
| Q1 26 | — | $53.7B | ||
| Q4 25 | $7.7B | $53.8B | ||
| Q3 25 | $7.7B | $54.5B | ||
| Q2 25 | $7.6B | $54.7B | ||
| Q1 25 | $7.4B | $53.6B | ||
| Q4 24 | $7.5B | $50.7B | ||
| Q3 24 | $7.5B | $52.8B | ||
| Q2 24 | $7.3B | $51.6B |
| Q1 26 | — | — | ||
| Q4 25 | 1.40× | 0.20× | ||
| Q3 25 | 1.45× | 0.19× | ||
| Q2 25 | 1.57× | 0.21× | ||
| Q1 25 | 1.70× | 0.27× | ||
| Q4 24 | 1.73× | 0.18× | ||
| Q3 24 | 1.81× | 0.17× | ||
| Q2 24 | 1.91× | 0.19× |
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 | — |
| Free Cash FlowOCF − Capex | $234.3M | — |
| FCF MarginFCF / Revenue | 8.0% | — |
| Capex IntensityCapex / Revenue | 0.8% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $293.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $257.3M | $483.0M | ||
| Q3 25 | $235.5M | $1.6B | ||
| Q2 25 | $9.6M | $1.5B | ||
| Q1 25 | $-162.0M | $157.8M | ||
| Q4 24 | $115.2M | $778.9M | ||
| Q3 24 | $196.1M | $1.5B | ||
| Q2 24 | $21.8M | $1.2B |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | 0.64× | ||
| Q3 25 | 4.58× | 1.73× | ||
| Q2 25 | 0.17× | 1.76× | ||
| Q1 25 | -85.26× | 0.93× | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 5.82× | 1.26× | ||
| Q2 24 | 1.61× | 2.41× |
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% |
RNR
Segment breakdown not available.
