vs
Side-by-side financial comparison of Cushman & Wakefield Ltd. (CWK) and RXO, Inc. (RXO). Click either name above to swap in a different company.
Cushman & Wakefield Ltd. is the larger business by last-quarter revenue ($2.9B vs $1.5B, roughly 2.0× RXO, Inc.). Cushman & Wakefield Ltd. runs the higher net margin — -0.8% vs -3.1%, a 2.4% gap on every dollar of revenue. On growth, Cushman & Wakefield Ltd. posted the faster year-over-year revenue change (10.8% vs -11.9%). Cushman & Wakefield Ltd. produced more free cash flow last quarter ($234.3M vs $-9.0M). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% 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.
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
CWK vs RXO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $1.5B |
| Net Profit | $-22.4M | $-46.0M |
| Gross Margin | — | — |
| Operating Margin | 6.1% | -2.9% |
| Net Margin | -0.8% | -3.1% |
| Revenue YoY | 10.8% | -11.9% |
| Net Profit YoY | -119.8% | -84.0% |
| EPS (diluted) | $-0.10 | $-0.28 |
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 | $1.5B | ||
| Q3 25 | $2.6B | $1.4B | ||
| Q2 25 | $2.5B | $1.4B | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $2.6B | $1.7B | ||
| Q3 24 | $2.3B | $1.0B | ||
| Q2 24 | $2.3B | $930.0M | ||
| Q1 24 | $2.2B | $913.0M |
| Q4 25 | $-22.4M | $-46.0M | ||
| Q3 25 | $51.4M | $-14.0M | ||
| Q2 25 | $57.3M | $-9.0M | ||
| Q1 25 | $1.9M | $-31.0M | ||
| Q4 24 | $112.9M | $-25.0M | ||
| Q3 24 | $33.7M | $-243.0M | ||
| Q2 24 | $13.5M | $-7.0M | ||
| Q1 24 | $-28.8M | $-15.0M |
| Q4 25 | 6.1% | -2.9% | ||
| Q3 25 | 4.1% | -0.5% | ||
| Q2 25 | 4.9% | — | ||
| Q1 25 | 2.0% | -2.1% | ||
| Q4 24 | 6.6% | -1.4% | ||
| Q3 24 | 3.2% | -1.9% | ||
| Q2 24 | 3.1% | — | ||
| Q1 24 | 0.9% | -1.3% |
| Q4 25 | -0.8% | -3.1% | ||
| Q3 25 | 2.0% | -1.0% | ||
| Q2 25 | 2.3% | -0.6% | ||
| Q1 25 | 0.1% | -2.2% | ||
| Q4 24 | 4.3% | -1.5% | ||
| Q3 24 | 1.4% | -23.4% | ||
| Q2 24 | 0.6% | -0.8% | ||
| Q1 24 | -1.3% | -1.6% |
| Q4 25 | $-0.10 | $-0.28 | ||
| Q3 25 | $0.22 | $-0.08 | ||
| Q2 25 | $0.25 | $-0.05 | ||
| Q1 25 | $0.01 | $-0.18 | ||
| Q4 24 | $0.49 | $-0.17 | ||
| Q3 24 | $0.14 | $-1.81 | ||
| Q2 24 | $0.06 | $-0.06 | ||
| Q1 24 | $-0.13 | $-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 | $17.0M |
| Total DebtLower is stronger | $2.7B | $387.0M |
| Stockholders' EquityBook value | $2.0B | $1.5B |
| Total Assets | $7.7B | $3.3B |
| Debt / EquityLower = less leverage | 1.40× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $784.2M | $17.0M | ||
| Q3 25 | $634.4M | $25.0M | ||
| Q2 25 | $618.2M | $18.0M | ||
| Q1 25 | $623.2M | $16.0M | ||
| Q4 24 | $793.3M | $35.0M | ||
| Q3 24 | $775.4M | $55.0M | ||
| Q2 24 | $567.3M | $7.0M | ||
| Q1 24 | $553.5M | $7.0M |
| Q4 25 | $2.7B | $387.0M | ||
| Q3 25 | $2.8B | $387.0M | ||
| Q2 25 | $3.0B | $387.0M | ||
| Q1 25 | $3.0B | $387.0M | ||
| Q4 24 | $3.0B | $351.0M | ||
| Q3 24 | $3.1B | $352.0M | ||
| Q2 24 | $3.1B | $370.0M | ||
| Q1 24 | $3.2B | $351.0M |
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $2.0B | $1.6B | ||
| Q2 25 | $1.9B | $1.6B | ||
| Q1 25 | $1.8B | $1.6B | ||
| Q4 24 | $1.8B | $1.6B | ||
| Q3 24 | $1.7B | $1.7B | ||
| Q2 24 | $1.6B | $579.0M | ||
| Q1 24 | $1.6B | $582.0M |
| Q4 25 | $7.7B | $3.3B | ||
| Q3 25 | $7.7B | $3.2B | ||
| Q2 25 | $7.6B | $3.2B | ||
| Q1 25 | $7.4B | $3.3B | ||
| Q4 24 | $7.5B | $3.4B | ||
| Q3 24 | $7.5B | $3.4B | ||
| Q2 24 | $7.3B | $1.8B | ||
| Q1 24 | $7.5B | $1.8B |
| Q4 25 | 1.40× | 0.25× | ||
| Q3 25 | 1.45× | 0.24× | ||
| Q2 25 | 1.57× | 0.24× | ||
| Q1 25 | 1.70× | 0.24× | ||
| Q4 24 | 1.73× | 0.22× | ||
| Q3 24 | 1.81× | 0.21× | ||
| Q2 24 | 1.91× | 0.64× | ||
| Q1 24 | 1.96× | 0.60× |
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 | $7.0M |
| Free Cash FlowOCF − Capex | $234.3M | $-9.0M |
| FCF MarginFCF / Revenue | 8.0% | -0.6% |
| Capex IntensityCapex / Revenue | 0.8% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $293.0M | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $257.3M | $7.0M | ||
| Q3 25 | $235.5M | $23.0M | ||
| Q2 25 | $9.6M | $23.0M | ||
| Q1 25 | $-162.0M | $-2.0M | ||
| Q4 24 | $115.2M | $-7.0M | ||
| Q3 24 | $196.1M | $-7.0M | ||
| Q2 24 | $21.8M | $-5.0M | ||
| Q1 24 | $-125.1M | $7.0M |
| Q4 25 | $234.3M | $-9.0M | ||
| Q3 25 | $225.0M | $9.0M | ||
| Q2 25 | $300.0K | $9.0M | ||
| Q1 25 | $-166.6M | $-17.0M | ||
| Q4 24 | $105.9M | $-19.0M | ||
| Q3 24 | $186.7M | $-18.0M | ||
| Q2 24 | $10.0M | $-16.0M | ||
| Q1 24 | $-135.6M | $-4.0M |
| Q4 25 | 8.0% | -0.6% | ||
| Q3 25 | 8.6% | 0.6% | ||
| Q2 25 | 0.0% | 0.6% | ||
| Q1 25 | -7.3% | -1.2% | ||
| Q4 24 | 4.0% | -1.1% | ||
| Q3 24 | 8.0% | -1.7% | ||
| Q2 24 | 0.4% | -1.7% | ||
| Q1 24 | -6.2% | -0.4% |
| Q4 25 | 0.8% | 1.1% | ||
| Q3 25 | 0.4% | 1.0% | ||
| Q2 25 | 0.4% | 1.0% | ||
| Q1 25 | 0.2% | 1.0% | ||
| Q4 24 | 0.4% | 0.7% | ||
| Q3 24 | 0.4% | 1.1% | ||
| Q2 24 | 0.5% | 1.2% | ||
| Q1 24 | 0.5% | 1.2% |
| 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× | — | ||
| 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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
