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Side-by-side financial comparison of Cushman & Wakefield Ltd. (CWK) and TE Connectivity (TEL). Click either name above to swap in a different company.
TE Connectivity is the larger business by last-quarter revenue ($4.7B vs $2.9B, roughly 1.6× Cushman & Wakefield Ltd.). TE Connectivity runs the higher net margin — 16.1% vs -0.8%, a 16.8% gap on every dollar of revenue. On growth, TE Connectivity posted the faster year-over-year revenue change (21.7% vs 10.8%). TE Connectivity produced more free cash flow last quarter ($607.0M vs $234.3M). Over the past eight quarters, Cushman & Wakefield Ltd.'s revenue compounded faster (15.5% CAGR vs 8.5%).
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.
TE Connectivity plc is an American-Irish domiciled technology company that designs and manufactures electrical and electronic components. It serves several industries, including automotive, aerospace, defense, medical, and energy.
CWK vs TEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $4.7B |
| Net Profit | $-22.4M | $750.0M |
| Gross Margin | — | 37.2% |
| Operating Margin | 6.1% | 20.6% |
| Net Margin | -0.8% | 16.1% |
| Revenue YoY | 10.8% | 21.7% |
| Net Profit YoY | -119.8% | 42.0% |
| EPS (diluted) | $-0.10 | $2.53 |
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 | $4.7B | ||
| Q3 25 | $2.6B | $4.7B | ||
| Q2 25 | $2.5B | $4.5B | ||
| Q1 25 | $2.3B | $4.1B | ||
| Q4 24 | $2.6B | $3.8B | ||
| Q3 24 | $2.3B | $4.1B | ||
| Q2 24 | $2.3B | $4.0B | ||
| Q1 24 | $2.2B | $4.0B |
| Q4 25 | $-22.4M | $750.0M | ||
| Q3 25 | $51.4M | $663.0M | ||
| Q2 25 | $57.3M | $638.0M | ||
| Q1 25 | $1.9M | $13.0M | ||
| Q4 24 | $112.9M | $528.0M | ||
| Q3 24 | $33.7M | $276.0M | ||
| Q2 24 | $13.5M | $573.0M | ||
| Q1 24 | $-28.8M | $541.0M |
| Q4 25 | — | 37.2% | ||
| Q3 25 | — | 35.0% | ||
| Q2 25 | — | 35.3% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | — | 34.0% | ||
| Q2 24 | — | 34.8% | ||
| Q1 24 | — | 34.4% |
| Q4 25 | 6.1% | 20.6% | ||
| Q3 25 | 4.1% | 19.3% | ||
| Q2 25 | 4.9% | 18.9% | ||
| Q1 25 | 2.0% | 18.1% | ||
| Q4 24 | 6.6% | 18.0% | ||
| Q3 24 | 3.2% | 16.0% | ||
| Q2 24 | 3.1% | 19.0% | ||
| Q1 24 | 0.9% | 17.4% |
| Q4 25 | -0.8% | 16.1% | ||
| Q3 25 | 2.0% | 14.0% | ||
| Q2 25 | 2.3% | 14.1% | ||
| Q1 25 | 0.1% | 0.3% | ||
| Q4 24 | 4.3% | 13.8% | ||
| Q3 24 | 1.4% | 6.8% | ||
| Q2 24 | 0.6% | 14.4% | ||
| Q1 24 | -1.3% | 13.6% |
| Q4 25 | $-0.10 | $2.53 | ||
| Q3 25 | $0.22 | $2.23 | ||
| Q2 25 | $0.25 | $2.14 | ||
| Q1 25 | $0.01 | $0.04 | ||
| Q4 24 | $0.49 | $1.75 | ||
| Q3 24 | $0.14 | $0.96 | ||
| Q2 24 | $0.06 | $1.86 | ||
| Q1 24 | $-0.13 | $1.75 |
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 | $1.3B |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $2.0B | $13.0B |
| Total Assets | $7.7B | $25.6B |
| Debt / EquityLower = less leverage | 1.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $784.2M | $1.3B | ||
| Q3 25 | $634.4M | $1.3B | ||
| Q2 25 | $618.2M | $672.0M | ||
| Q1 25 | $623.2M | $2.6B | ||
| Q4 24 | $793.3M | $1.3B | ||
| Q3 24 | $775.4M | $1.3B | ||
| Q2 24 | $567.3M | $1.5B | ||
| Q1 24 | $553.5M | $1.2B |
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.1B | — | ||
| Q1 24 | $3.2B | — |
| Q4 25 | $2.0B | $13.0B | ||
| Q3 25 | $2.0B | $12.6B | ||
| Q2 25 | $1.9B | $12.4B | ||
| Q1 25 | $1.8B | $12.1B | ||
| Q4 24 | $1.8B | $12.4B | ||
| Q3 24 | $1.7B | $12.4B | ||
| Q2 24 | $1.6B | $12.6B | ||
| Q1 24 | $1.6B | $12.4B |
| Q4 25 | $7.7B | $25.6B | ||
| Q3 25 | $7.7B | $25.1B | ||
| Q2 25 | $7.6B | $24.9B | ||
| Q1 25 | $7.4B | $23.7B | ||
| Q4 24 | $7.5B | $22.4B | ||
| Q3 24 | $7.5B | $22.9B | ||
| Q2 24 | $7.3B | $22.9B | ||
| Q1 24 | $7.5B | $22.8B |
| Q4 25 | 1.40× | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.70× | — | ||
| Q4 24 | 1.73× | — | ||
| Q3 24 | 1.81× | — | ||
| Q2 24 | 1.91× | — | ||
| Q1 24 | 1.96× | — |
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 | $865.0M |
| Free Cash FlowOCF − Capex | $234.3M | $607.0M |
| FCF MarginFCF / Revenue | 8.0% | 13.0% |
| Capex IntensityCapex / Revenue | 0.8% | 5.5% |
| Cash ConversionOCF / Net Profit | — | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | $293.0M | $3.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $257.3M | $865.0M | ||
| Q3 25 | $235.5M | $1.4B | ||
| Q2 25 | $9.6M | $1.2B | ||
| Q1 25 | $-162.0M | $653.0M | ||
| Q4 24 | $115.2M | $878.0M | ||
| Q3 24 | $196.1M | $1.0B | ||
| Q2 24 | $21.8M | $1.0B | ||
| Q1 24 | $-125.1M | $710.0M |
| Q4 25 | $234.3M | $607.0M | ||
| Q3 25 | $225.0M | $1.1B | ||
| Q2 25 | $300.0K | $957.0M | ||
| Q1 25 | $-166.6M | $423.0M | ||
| Q4 24 | $105.9M | $673.0M | ||
| Q3 24 | $186.7M | $829.0M | ||
| Q2 24 | $10.0M | $857.0M | ||
| Q1 24 | $-135.6M | $543.0M |
| Q4 25 | 8.0% | 13.0% | ||
| Q3 25 | 8.6% | 24.2% | ||
| Q2 25 | 0.0% | 21.1% | ||
| Q1 25 | -7.3% | 10.2% | ||
| Q4 24 | 4.0% | 17.5% | ||
| Q3 24 | 8.0% | 20.4% | ||
| Q2 24 | 0.4% | 21.5% | ||
| Q1 24 | -6.2% | 13.7% |
| Q4 25 | 0.8% | 5.5% | ||
| Q3 25 | 0.4% | 5.7% | ||
| Q2 25 | 0.4% | 5.1% | ||
| Q1 25 | 0.2% | 5.6% | ||
| Q4 24 | 0.4% | 5.3% | ||
| Q3 24 | 0.4% | 5.2% | ||
| Q2 24 | 0.5% | 3.7% | ||
| Q1 24 | 0.5% | 4.2% |
| Q4 25 | — | 1.15× | ||
| Q3 25 | 4.58× | 2.14× | ||
| Q2 25 | 0.17× | 1.86× | ||
| Q1 25 | -85.26× | 50.23× | ||
| Q4 24 | 1.02× | 1.66× | ||
| Q3 24 | 5.82× | 3.78× | ||
| Q2 24 | 1.61× | 1.76× | ||
| Q1 24 | — | 1.31× |
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% |
TEL
| Automotive Industry End Market | $1.9B | 40% |
| Digital Data Networks | $707.0M | 15% |
| Automation And Connected Living Industry End Market | $549.0M | 12% |
| Energy Industry End Market | $406.0M | 9% |
| Aerospace Defense And Marine Industry End Market | $381.0M | 8% |
| Commercial Transportation Industry End Market | $370.0M | 8% |
| Sensors Industry End Market | $212.0M | 5% |
| Medical Industry End Market | $159.0M | 3% |
