vs

Side-by-side financial comparison of Cushman & Wakefield Ltd. (CWK) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

Molson Coors Beverage Company is the larger business by last-quarter revenue ($3.1B vs $2.9B, roughly 1.1× Cushman & Wakefield Ltd.). Molson Coors Beverage Company runs the higher net margin — 7.6% vs -0.8%, a 8.4% gap on every dollar of revenue. On growth, Cushman & Wakefield Ltd. posted the faster year-over-year revenue change (10.8% vs -3.6%). Molson Coors Beverage Company produced more free cash flow last quarter ($357.8M vs $234.3M). Over the past eight quarters, Cushman & Wakefield Ltd.'s revenue compounded faster (15.5% CAGR vs 1.2%).

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.

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

CWK vs TAP — Head-to-Head

Bigger by revenue
TAP
TAP
1.1× larger
TAP
$3.1B
$2.9B
CWK
Growing faster (revenue YoY)
CWK
CWK
+14.4% gap
CWK
10.8%
-3.6%
TAP
Higher net margin
TAP
TAP
8.4% more per $
TAP
7.6%
-0.8%
CWK
More free cash flow
TAP
TAP
$123.5M more FCF
TAP
$357.8M
$234.3M
CWK
Faster 2-yr revenue CAGR
CWK
CWK
Annualised
CWK
15.5%
1.2%
TAP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CWK
CWK
TAP
TAP
Revenue
$2.9B
$3.1B
Net Profit
$-22.4M
$238.3M
Gross Margin
31.0%
Operating Margin
6.1%
10.4%
Net Margin
-0.8%
7.6%
Revenue YoY
10.8%
-3.6%
Net Profit YoY
-119.8%
-17.2%
EPS (diluted)
$-0.10
$1.32

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
TAP
TAP
Q4 25
$2.9B
$3.1B
Q3 25
$2.6B
$3.5B
Q2 25
$2.5B
$3.7B
Q1 25
$2.3B
$2.7B
Q4 24
$2.6B
$3.2B
Q3 24
$2.3B
$3.6B
Q2 24
$2.3B
$3.8B
Q1 24
$2.2B
$3.0B
Net Profit
CWK
CWK
TAP
TAP
Q4 25
$-22.4M
$238.3M
Q3 25
$51.4M
$-2.9B
Q2 25
$57.3M
$428.7M
Q1 25
$1.9M
$121.0M
Q4 24
$112.9M
$287.8M
Q3 24
$33.7M
$199.8M
Q2 24
$13.5M
$427.0M
Q1 24
$-28.8M
$207.8M
Gross Margin
CWK
CWK
TAP
TAP
Q4 25
31.0%
Q3 25
33.7%
Q2 25
34.3%
Q1 25
31.6%
Q4 24
32.0%
Q3 24
33.4%
Q2 24
34.6%
Q1 24
31.6%
Operating Margin
CWK
CWK
TAP
TAP
Q4 25
6.1%
10.4%
Q3 25
4.1%
-98.5%
Q2 25
4.9%
15.6%
Q1 25
2.0%
6.9%
Q4 24
6.6%
12.0%
Q3 24
3.2%
12.5%
Q2 24
3.1%
15.6%
Q1 24
0.9%
10.3%
Net Margin
CWK
CWK
TAP
TAP
Q4 25
-0.8%
7.6%
Q3 25
2.0%
-84.0%
Q2 25
2.3%
11.5%
Q1 25
0.1%
4.5%
Q4 24
4.3%
8.9%
Q3 24
1.4%
5.5%
Q2 24
0.6%
11.1%
Q1 24
-1.3%
6.8%
EPS (diluted)
CWK
CWK
TAP
TAP
Q4 25
$-0.10
$1.32
Q3 25
$0.22
$-14.79
Q2 25
$0.25
$2.13
Q1 25
$0.01
$0.59
Q4 24
$0.49
$1.39
Q3 24
$0.14
$0.96
Q2 24
$0.06
$2.03
Q1 24
$-0.13
$0.97

Balance Sheet & Financial Strength

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

Metric
CWK
CWK
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$784.2M
$896.5M
Total DebtLower is stronger
$2.7B
$6.3B
Stockholders' EquityBook value
$2.0B
$10.2B
Total Assets
$7.7B
$22.7B
Debt / EquityLower = less leverage
1.40×
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWK
CWK
TAP
TAP
Q4 25
$784.2M
$896.5M
Q3 25
$634.4M
$950.2M
Q2 25
$618.2M
$613.8M
Q1 25
$623.2M
$412.7M
Q4 24
$793.3M
$969.3M
Q3 24
$775.4M
$1.0B
Q2 24
$567.3M
$1.6B
Q1 24
$553.5M
$458.4M
Total Debt
CWK
CWK
TAP
TAP
Q4 25
$2.7B
$6.3B
Q3 25
$2.8B
$6.3B
Q2 25
$3.0B
$6.3B
Q1 25
$3.0B
$6.2B
Q4 24
$3.0B
$6.1B
Q3 24
$3.1B
$6.2B
Q2 24
$3.1B
$7.0B
Q1 24
$3.2B
$6.2B
Stockholders' Equity
CWK
CWK
TAP
TAP
Q4 25
$2.0B
$10.2B
Q3 25
$2.0B
$10.3B
Q2 25
$1.9B
$13.4B
Q1 25
$1.8B
$13.1B
Q4 24
$1.8B
$13.1B
Q3 24
$1.7B
$13.3B
Q2 24
$1.6B
$13.2B
Q1 24
$1.6B
$13.1B
Total Assets
CWK
CWK
TAP
TAP
Q4 25
$7.7B
$22.7B
Q3 25
$7.7B
$22.9B
Q2 25
$7.6B
$26.8B
Q1 25
$7.4B
$25.9B
Q4 24
$7.5B
$26.1B
Q3 24
$7.5B
$26.6B
Q2 24
$7.3B
$27.4B
Q1 24
$7.5B
$26.1B
Debt / Equity
CWK
CWK
TAP
TAP
Q4 25
1.40×
0.61×
Q3 25
1.45×
0.61×
Q2 25
1.57×
0.47×
Q1 25
1.70×
0.47×
Q4 24
1.73×
0.47×
Q3 24
1.81×
0.47×
Q2 24
1.91×
0.53×
Q1 24
1.96×
0.47×

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
TAP
TAP
Operating Cash FlowLast quarter
$257.3M
$540.7M
Free Cash FlowOCF − Capex
$234.3M
$357.8M
FCF MarginFCF / Revenue
8.0%
11.4%
Capex IntensityCapex / Revenue
0.8%
5.9%
Cash ConversionOCF / Net Profit
2.27×
TTM Free Cash FlowTrailing 4 quarters
$293.0M
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWK
CWK
TAP
TAP
Q4 25
$257.3M
$540.7M
Q3 25
$235.5M
$616.1M
Q2 25
$9.6M
$718.3M
Q1 25
$-162.0M
$-90.7M
Q4 24
$115.2M
$494.5M
Q3 24
$196.1M
$521.2M
Q2 24
$21.8M
$869.2M
Q1 24
$-125.1M
$25.4M
Free Cash Flow
CWK
CWK
TAP
TAP
Q4 25
$234.3M
$357.8M
Q3 25
$225.0M
$483.0M
Q2 25
$300.0K
$555.0M
Q1 25
$-166.6M
$-328.0M
Q4 24
$105.9M
$383.4M
Q3 24
$186.7M
$350.4M
Q2 24
$10.0M
$691.7M
Q1 24
$-135.6M
$-189.3M
FCF Margin
CWK
CWK
TAP
TAP
Q4 25
8.0%
11.4%
Q3 25
8.6%
13.9%
Q2 25
0.0%
14.8%
Q1 25
-7.3%
-12.2%
Q4 24
4.0%
11.8%
Q3 24
8.0%
9.7%
Q2 24
0.4%
18.0%
Q1 24
-6.2%
-6.2%
Capex Intensity
CWK
CWK
TAP
TAP
Q4 25
0.8%
5.9%
Q3 25
0.4%
3.8%
Q2 25
0.4%
4.4%
Q1 25
0.2%
8.8%
Q4 24
0.4%
3.4%
Q3 24
0.4%
4.7%
Q2 24
0.5%
4.6%
Q1 24
0.5%
7.0%
Cash Conversion
CWK
CWK
TAP
TAP
Q4 25
2.27×
Q3 25
4.58×
Q2 25
0.17×
1.68×
Q1 25
-85.26×
-0.75×
Q4 24
1.02×
1.72×
Q3 24
5.82×
2.61×
Q2 24
1.61×
2.04×
Q1 24
0.12×

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%

TAP
TAP

Segment breakdown not available.

Related Comparisons