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Side-by-side financial comparison of Cushman & Wakefield Ltd. (CWK) and SMITHFIELD FOODS INC (SFD). Click either name above to swap in a different company.

SMITHFIELD FOODS INC is the larger business by last-quarter revenue ($3.8B vs $2.9B, roughly 1.3× Cushman & Wakefield Ltd.). SMITHFIELD FOODS INC runs the higher net margin — 6.6% vs -0.8%, a 7.3% gap on every dollar of revenue. On growth, Cushman & Wakefield Ltd. posted the faster year-over-year revenue change (10.8% vs 0.8%). Over the past eight quarters, Cushman & Wakefield Ltd.'s revenue compounded faster (15.5% CAGR vs 6.8%).

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.

Smithfield Foods, Inc., is a Hong Kong-owned pork producer and food-processing company based in Smithfield, Virginia. Founded in 1936 as the Smithfield Packing Company by Joseph W. Luter and his son, the company is the largest pig and pork producer in the world. In addition to owning over 500 farms in the US, Smithfield contracts with another 2,000 independent farms around the country to raise Smithfield's pigs. Outside the US, the company has facilities in Mexico, Poland, Romania, Germany, S...

CWK vs SFD — Head-to-Head

Bigger by revenue
SFD
SFD
1.3× larger
SFD
$3.8B
$2.9B
CWK
Growing faster (revenue YoY)
CWK
CWK
+10.0% gap
CWK
10.8%
0.8%
SFD
Higher net margin
SFD
SFD
7.3% more per $
SFD
6.6%
-0.8%
CWK
Faster 2-yr revenue CAGR
CWK
CWK
Annualised
CWK
15.5%
6.8%
SFD

Income Statement — Q4 FY2025 vs Q1 FY2027

Metric
CWK
CWK
SFD
SFD
Revenue
$2.9B
$3.8B
Net Profit
$-22.4M
$249.0M
Gross Margin
13.4%
Operating Margin
6.1%
8.8%
Net Margin
-0.8%
6.6%
Revenue YoY
10.8%
0.8%
Net Profit YoY
-119.8%
9.8%
EPS (diluted)
$-0.10

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
SFD
SFD
Q1 26
$3.8B
Q4 25
$2.9B
$4.2B
Q3 25
$2.6B
$3.7B
Q2 25
$2.5B
$3.8B
Q1 25
$2.3B
$3.8B
Q4 24
$2.6B
$4.0B
Q3 24
$2.3B
$3.3B
Q2 24
$2.3B
Net Profit
CWK
CWK
SFD
SFD
Q1 26
$249.0M
Q4 25
$-22.4M
$327.0M
Q3 25
$51.4M
$248.0M
Q2 25
$57.3M
$188.0M
Q1 25
$1.9M
$224.0M
Q4 24
$112.9M
$205.0M
Q3 24
$33.7M
$291.0M
Q2 24
$13.5M
Gross Margin
CWK
CWK
SFD
SFD
Q1 26
13.4%
Q4 25
14.2%
Q3 25
12.8%
Q2 25
13.2%
Q1 25
13.5%
Q4 24
13.5%
Q3 24
14.3%
Q2 24
Operating Margin
CWK
CWK
SFD
SFD
Q1 26
8.8%
Q4 25
6.1%
9.5%
Q3 25
4.1%
8.3%
Q2 25
4.9%
6.9%
Q1 25
2.0%
8.5%
Q4 24
6.6%
8.5%
Q3 24
3.2%
8.5%
Q2 24
3.1%
Net Margin
CWK
CWK
SFD
SFD
Q1 26
6.6%
Q4 25
-0.8%
7.7%
Q3 25
2.0%
6.6%
Q2 25
2.3%
5.0%
Q1 25
0.1%
5.9%
Q4 24
4.3%
5.2%
Q3 24
1.4%
8.7%
Q2 24
0.6%
EPS (diluted)
CWK
CWK
SFD
SFD
Q1 26
Q4 25
$-0.10
$0.83
Q3 25
$0.22
$0.63
Q2 25
$0.25
$0.48
Q1 25
$0.01
$0.57
Q4 24
$0.49
$0.54
Q3 24
$0.14
$0.77
Q2 24
$0.06

Balance Sheet & Financial Strength

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

Metric
CWK
CWK
SFD
SFD
Cash + ST InvestmentsLiquidity on hand
$784.2M
$1.4B
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$2.0B
$6.9B
Total Assets
$7.7B
$12.0B
Debt / EquityLower = less leverage
1.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWK
CWK
SFD
SFD
Q1 26
$1.4B
Q4 25
$784.2M
Q3 25
$634.4M
Q2 25
$618.2M
Q1 25
$623.2M
Q4 24
$793.3M
Q3 24
$775.4M
Q2 24
$567.3M
Total Debt
CWK
CWK
SFD
SFD
Q1 26
Q4 25
$2.7B
$2.0B
Q3 25
$2.8B
$2.0B
Q2 25
$3.0B
$2.0B
Q1 25
$3.0B
$2.0B
Q4 24
$3.0B
$2.0B
Q3 24
$3.1B
Q2 24
$3.1B
Stockholders' Equity
CWK
CWK
SFD
SFD
Q1 26
$6.9B
Q4 25
$2.0B
$6.8B
Q3 25
$2.0B
$6.5B
Q2 25
$1.9B
$6.3B
Q1 25
$1.8B
$6.2B
Q4 24
$1.8B
$5.8B
Q3 24
$1.7B
Q2 24
$1.6B
Total Assets
CWK
CWK
SFD
SFD
Q1 26
$12.0B
Q4 25
$7.7B
$12.2B
Q3 25
$7.7B
$11.5B
Q2 25
$7.6B
$11.2B
Q1 25
$7.4B
$11.1B
Q4 24
$7.5B
$11.1B
Q3 24
$7.5B
Q2 24
$7.3B
Debt / Equity
CWK
CWK
SFD
SFD
Q1 26
Q4 25
1.40×
0.29×
Q3 25
1.45×
0.31×
Q2 25
1.57×
0.32×
Q1 25
1.70×
0.32×
Q4 24
1.73×
0.34×
Q3 24
1.81×
Q2 24
1.91×

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
SFD
SFD
Operating Cash FlowLast quarter
$257.3M
Free Cash FlowOCF − Capex
$234.3M
FCF MarginFCF / Revenue
8.0%
Capex IntensityCapex / Revenue
0.8%
2.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$293.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWK
CWK
SFD
SFD
Q1 26
Q4 25
$257.3M
$938.0M
Q3 25
$235.5M
$13.0M
Q2 25
$9.6M
$274.0M
Q1 25
$-162.0M
$-166.0M
Q4 24
$115.2M
Q3 24
$196.1M
Q2 24
$21.8M
Free Cash Flow
CWK
CWK
SFD
SFD
Q1 26
Q4 25
$234.3M
$842.0M
Q3 25
$225.0M
$-75.0M
Q2 25
$300.0K
$196.0M
Q1 25
$-166.6M
$-245.0M
Q4 24
$105.9M
Q3 24
$186.7M
Q2 24
$10.0M
FCF Margin
CWK
CWK
SFD
SFD
Q1 26
Q4 25
8.0%
19.9%
Q3 25
8.6%
-2.0%
Q2 25
0.0%
5.2%
Q1 25
-7.3%
-6.5%
Q4 24
4.0%
Q3 24
8.0%
Q2 24
0.4%
Capex Intensity
CWK
CWK
SFD
SFD
Q1 26
2.3%
Q4 25
0.8%
2.3%
Q3 25
0.4%
2.3%
Q2 25
0.4%
2.1%
Q1 25
0.2%
2.1%
Q4 24
0.4%
2.1%
Q3 24
0.4%
2.8%
Q2 24
0.5%
Cash Conversion
CWK
CWK
SFD
SFD
Q1 26
Q4 25
2.87×
Q3 25
4.58×
0.05×
Q2 25
0.17×
1.46×
Q1 25
-85.26×
-0.74×
Q4 24
1.02×
Q3 24
5.82×
Q2 24
1.61×

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%

SFD
SFD

Segment breakdown not available.

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