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Side-by-side financial comparison of Cushman & Wakefield Ltd. (CWK) and SELECT MEDICAL HOLDINGS CORP (SEM). Click either name above to swap in a different company.
Cushman & Wakefield Ltd. is the larger business by last-quarter revenue ($2.5B vs $1.4B, roughly 1.8× SELECT MEDICAL HOLDINGS CORP). On growth, Cushman & Wakefield Ltd. posted the faster year-over-year revenue change (11.0% vs 5.0%). Over the past eight quarters, SELECT MEDICAL HOLDINGS CORP's revenue compounded faster (5.3% CAGR vs 5.3%).
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.
Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.
CWK vs SEM — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $1.4B |
| Net Profit | — | $63.8M |
| Gross Margin | — | — |
| Operating Margin | 2.3% | 6.9% |
| Net Margin | — | 4.5% |
| Revenue YoY | 11.0% | 5.0% |
| Net Profit YoY | — | -14.7% |
| EPS (diluted) | $-0.05 | $0.35 |
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 | $2.5B | $1.4B | ||
| Q4 25 | $2.9B | $1.4B | ||
| Q3 25 | $2.6B | $1.4B | ||
| Q2 25 | $2.5B | $1.3B | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $2.6B | $1.3B | ||
| Q3 24 | $2.3B | $1.3B | ||
| Q2 24 | $2.3B | $1.3B |
| Q1 26 | — | $63.8M | ||
| Q4 25 | $-22.4M | $20.2M | ||
| Q3 25 | $51.4M | $28.8M | ||
| Q2 25 | $57.3M | $40.6M | ||
| Q1 25 | $1.9M | $56.7M | ||
| Q4 24 | $112.9M | $-16.1M | ||
| Q3 24 | $33.7M | $55.6M | ||
| Q2 24 | $13.5M | $77.6M |
| Q1 26 | 2.3% | 6.9% | ||
| Q4 25 | 6.1% | 4.6% | ||
| Q3 25 | 4.1% | 5.4% | ||
| Q2 25 | 4.9% | 6.5% | ||
| Q1 25 | 2.0% | 8.3% | ||
| Q4 24 | 6.6% | 1.6% | ||
| Q3 24 | 3.2% | 4.3% | ||
| Q2 24 | 3.1% | 5.8% |
| Q1 26 | — | 4.5% | ||
| Q4 25 | -0.8% | 1.4% | ||
| Q3 25 | 2.0% | 2.1% | ||
| Q2 25 | 2.3% | 3.0% | ||
| Q1 25 | 0.1% | 4.2% | ||
| Q4 24 | 4.3% | -1.2% | ||
| Q3 24 | 1.4% | 4.4% | ||
| Q2 24 | 0.6% | 6.1% |
| Q1 26 | $-0.05 | $0.35 | ||
| Q4 25 | $-0.10 | $0.17 | ||
| Q3 25 | $0.22 | $0.23 | ||
| Q2 25 | $0.25 | $0.32 | ||
| Q1 25 | $0.01 | $0.44 | ||
| Q4 24 | $0.49 | $-0.12 | ||
| Q3 24 | $0.14 | $0.43 | ||
| Q2 24 | $0.06 | $0.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $600.6M | $25.7M |
| Total DebtLower is stronger | — | $1.8B |
| Stockholders' EquityBook value | $2.0B | $2.1B |
| Total Assets | $7.6B | $6.0B |
| Debt / EquityLower = less leverage | — | 0.88× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $600.6M | $25.7M | ||
| Q4 25 | $784.2M | $26.5M | ||
| Q3 25 | $634.4M | $60.1M | ||
| Q2 25 | $618.2M | $52.3M | ||
| Q1 25 | $623.2M | $53.2M | ||
| Q4 24 | $793.3M | $59.7M | ||
| Q3 24 | $775.4M | $191.5M | ||
| Q2 24 | $567.3M | $111.2M |
| Q1 26 | — | $1.8B | ||
| Q4 25 | $2.7B | $1.8B | ||
| Q3 25 | $2.8B | $1.7B | ||
| Q2 25 | $3.0B | $1.8B | ||
| Q1 25 | $3.0B | $1.8B | ||
| Q4 24 | $3.0B | $1.7B | ||
| Q3 24 | $3.1B | $3.1B | ||
| Q2 24 | $3.1B | $3.6B |
| Q1 26 | $2.0B | $2.1B | ||
| Q4 25 | $2.0B | $1.7B | ||
| Q3 25 | $2.0B | $1.7B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $1.8B | $1.7B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.7B | $1.9B | ||
| Q2 24 | $1.6B | $1.4B |
| Q1 26 | $7.6B | $6.0B | ||
| Q4 25 | $7.7B | $5.9B | ||
| Q3 25 | $7.7B | $5.7B | ||
| Q2 25 | $7.6B | $5.7B | ||
| Q1 25 | $7.4B | $5.7B | ||
| Q4 24 | $7.5B | $5.6B | ||
| Q3 24 | $7.5B | $8.0B | ||
| Q2 24 | $7.3B | $7.9B |
| Q1 26 | — | 0.88× | ||
| Q4 25 | 1.40× | 1.06× | ||
| Q3 25 | 1.45× | 1.03× | ||
| Q2 25 | 1.57× | 1.10× | ||
| Q1 25 | 1.70× | 1.03× | ||
| Q4 24 | 1.73× | 1.01× | ||
| Q3 24 | 1.81× | 1.62× | ||
| Q2 24 | 1.91× | 2.54× |
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 | $-243.5M | — |
| Free Cash FlowOCF − Capex | $-255.7M | — |
| FCF MarginFCF / Revenue | -10.1% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $203.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-243.5M | — | ||
| Q4 25 | $257.3M | $64.3M | ||
| Q3 25 | $235.5M | $175.3M | ||
| Q2 25 | $9.6M | $110.3M | ||
| Q1 25 | $-162.0M | $-3.5M | ||
| Q4 24 | $115.2M | $125.4M | ||
| Q3 24 | $196.1M | $181.0M | ||
| Q2 24 | $21.8M | $278.2M |
| Q1 26 | $-255.7M | — | ||
| Q4 25 | $234.3M | $5.2M | ||
| Q3 25 | $225.0M | $122.2M | ||
| Q2 25 | $300.0K | $45.6M | ||
| Q1 25 | $-166.6M | $-55.8M | ||
| Q4 24 | $105.9M | $62.0M | ||
| Q3 24 | $186.7M | $130.3M | ||
| Q2 24 | $10.0M | $222.6M |
| Q1 26 | -10.1% | — | ||
| Q4 25 | 8.0% | 0.4% | ||
| Q3 25 | 8.6% | 9.0% | ||
| Q2 25 | 0.0% | 3.4% | ||
| Q1 25 | -7.3% | -4.1% | ||
| Q4 24 | 4.0% | 4.7% | ||
| Q3 24 | 8.0% | 10.2% | ||
| Q2 24 | 0.4% | 17.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 4.2% | ||
| Q3 25 | 0.4% | 3.9% | ||
| Q2 25 | 0.4% | 4.8% | ||
| Q1 25 | 0.2% | 3.9% | ||
| Q4 24 | 0.4% | 4.8% | ||
| Q3 24 | 0.4% | 4.0% | ||
| Q2 24 | 0.5% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.19× | ||
| Q3 25 | 4.58× | 6.09× | ||
| Q2 25 | 0.17× | 2.72× | ||
| Q1 25 | -85.26× | -0.06× | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 5.82× | 3.25× | ||
| Q2 24 | 1.61× | 3.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CWK
| Services | $1.7B | 69% |
| Leasing | $497.7M | 20% |
| Capital markets | $181.6M | 7% |
| Valuation and other | $113.8M | 4% |
SEM
Segment breakdown not available.
