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Side-by-side financial comparison of Cushman & Wakefield Ltd. (CWK) and UGI CORP (UGI). Click either name above to swap in a different company.
Cushman & Wakefield Ltd. is the larger business by last-quarter revenue ($2.9B vs $2.1B, roughly 1.4× UGI CORP). UGI CORP runs the higher net margin — 14.4% vs -0.8%, a 15.2% gap on every dollar of revenue. On growth, Cushman & Wakefield Ltd. posted the faster year-over-year revenue change (10.8% vs 3.9%). Cushman & Wakefield Ltd. produced more free cash flow last quarter ($234.3M vs $-155.0M). Over the past eight quarters, Cushman & Wakefield Ltd.'s revenue compounded faster (15.5% CAGR vs -7.5%).
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.
UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
CWK vs UGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $2.1B |
| Net Profit | $-22.4M | $297.0M |
| Gross Margin | — | — |
| Operating Margin | 6.1% | 22.0% |
| Net Margin | -0.8% | 14.4% |
| Revenue YoY | 10.8% | 3.9% |
| Net Profit YoY | -119.8% | -20.8% |
| EPS (diluted) | $-0.10 | $1.34 |
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 | $2.1B | ||
| Q3 25 | $2.6B | $1.2B | ||
| Q2 25 | $2.5B | $1.4B | ||
| Q1 25 | $2.3B | $2.6B | ||
| Q4 24 | $2.6B | $2.0B | ||
| Q3 24 | $2.3B | $1.2B | ||
| Q2 24 | $2.3B | $1.4B | ||
| Q1 24 | $2.2B | $2.4B |
| Q4 25 | $-22.4M | $297.0M | ||
| Q3 25 | $51.4M | $-13.0M | ||
| Q2 25 | $57.3M | $-163.0M | ||
| Q1 25 | $1.9M | $479.0M | ||
| Q4 24 | $112.9M | $375.0M | ||
| Q3 24 | $33.7M | $-273.0M | ||
| Q2 24 | $13.5M | $-48.0M | ||
| Q1 24 | $-28.8M | $496.0M |
| Q4 25 | 6.1% | 22.0% | ||
| Q3 25 | 4.1% | 1.1% | ||
| Q2 25 | 4.9% | -6.8% | ||
| Q1 25 | 2.0% | 26.6% | ||
| Q4 24 | 6.6% | 24.5% | ||
| Q3 24 | 3.2% | -20.4% | ||
| Q2 24 | 3.1% | 5.0% | ||
| Q1 24 | 0.9% | 29.7% |
| Q4 25 | -0.8% | 14.4% | ||
| Q3 25 | 2.0% | -1.1% | ||
| Q2 25 | 2.3% | -12.0% | ||
| Q1 25 | 0.1% | 18.2% | ||
| Q4 24 | 4.3% | 18.9% | ||
| Q3 24 | 1.4% | -22.6% | ||
| Q2 24 | 0.6% | -3.6% | ||
| Q1 24 | -1.3% | 20.6% |
| Q4 25 | $-0.10 | $1.34 | ||
| Q3 25 | $0.22 | $-0.08 | ||
| Q2 25 | $0.25 | $-0.76 | ||
| Q1 25 | $0.01 | $2.19 | ||
| Q4 24 | $0.49 | $1.74 | ||
| Q3 24 | $0.14 | $-1.26 | ||
| Q2 24 | $0.06 | $-0.23 | ||
| Q1 24 | $-0.13 | $2.30 |
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 | $251.0M |
| Total DebtLower is stronger | $2.7B | $6.0B |
| Stockholders' EquityBook value | $2.0B | $5.0B |
| Total Assets | $7.7B | $15.8B |
| Debt / EquityLower = less leverage | 1.40× | 1.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $784.2M | $251.0M | ||
| Q3 25 | $634.4M | $335.0M | ||
| Q2 25 | $618.2M | $350.0M | ||
| Q1 25 | $623.2M | $426.0M | ||
| Q4 24 | $793.3M | $240.0M | ||
| Q3 24 | $775.4M | $213.0M | ||
| Q2 24 | $567.3M | $183.0M | ||
| Q1 24 | $553.5M | $263.0M |
| Q4 25 | $2.7B | $6.0B | ||
| Q3 25 | $2.8B | $6.5B | ||
| Q2 25 | $3.0B | $5.7B | ||
| Q1 25 | $3.0B | $6.6B | ||
| Q4 24 | $3.0B | $6.6B | ||
| Q3 24 | $3.1B | $6.4B | ||
| Q2 24 | $3.1B | $6.3B | ||
| Q1 24 | $3.2B | $6.7B |
| Q4 25 | $2.0B | $5.0B | ||
| Q3 25 | $2.0B | $4.8B | ||
| Q2 25 | $1.9B | $4.9B | ||
| Q1 25 | $1.8B | $5.0B | ||
| Q4 24 | $1.8B | $4.6B | ||
| Q3 24 | $1.7B | $4.3B | ||
| Q2 24 | $1.6B | $4.7B | ||
| Q1 24 | $1.6B | $4.8B |
| Q4 25 | $7.7B | $15.8B | ||
| Q3 25 | $7.7B | $15.5B | ||
| Q2 25 | $7.6B | $15.4B | ||
| Q1 25 | $7.4B | $15.7B | ||
| Q4 24 | $7.5B | $15.4B | ||
| Q3 24 | $7.5B | $15.1B | ||
| Q2 24 | $7.3B | $15.1B | ||
| Q1 24 | $7.5B | $15.6B |
| Q4 25 | 1.40× | 1.19× | ||
| Q3 25 | 1.45× | 1.37× | ||
| Q2 25 | 1.57× | 1.17× | ||
| Q1 25 | 1.70× | 1.32× | ||
| Q4 24 | 1.73× | 1.44× | ||
| Q3 24 | 1.81× | 1.48× | ||
| Q2 24 | 1.91× | 1.34× | ||
| Q1 24 | 1.96× | 1.40× |
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 | $66.0M |
| Free Cash FlowOCF − Capex | $234.3M | $-155.0M |
| FCF MarginFCF / Revenue | 8.0% | -7.5% |
| Capex IntensityCapex / Revenue | 0.8% | 10.7% |
| Cash ConversionOCF / Net Profit | — | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $293.0M | $282.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $257.3M | $66.0M | ||
| Q3 25 | $235.5M | $90.0M | ||
| Q2 25 | $9.6M | $289.0M | ||
| Q1 25 | $-162.0M | $684.0M | ||
| Q4 24 | $115.2M | $164.0M | ||
| Q3 24 | $196.1M | $151.0M | ||
| Q2 24 | $21.8M | $390.0M | ||
| Q1 24 | $-125.1M | $522.0M |
| Q4 25 | $234.3M | $-155.0M | ||
| Q3 25 | $225.0M | $-168.0M | ||
| Q2 25 | $300.0K | $67.0M | ||
| Q1 25 | $-166.6M | $538.0M | ||
| Q4 24 | $105.9M | $-47.0M | ||
| Q3 24 | $186.7M | $-115.0M | ||
| Q2 24 | $10.0M | $185.0M | ||
| Q1 24 | $-135.6M | $353.0M |
| Q4 25 | 8.0% | -7.5% | ||
| Q3 25 | 8.6% | -14.4% | ||
| Q2 25 | 0.0% | 4.9% | ||
| Q1 25 | -7.3% | 20.4% | ||
| Q4 24 | 4.0% | -2.4% | ||
| Q3 24 | 8.0% | -9.5% | ||
| Q2 24 | 0.4% | 13.7% | ||
| Q1 24 | -6.2% | 14.6% |
| Q4 25 | 0.8% | 10.7% | ||
| Q3 25 | 0.4% | 22.1% | ||
| Q2 25 | 0.4% | 16.3% | ||
| Q1 25 | 0.2% | 5.5% | ||
| Q4 24 | 0.4% | 10.6% | ||
| Q3 24 | 0.4% | 22.0% | ||
| Q2 24 | 0.5% | 15.2% | ||
| Q1 24 | 0.5% | 7.0% |
| Q4 25 | — | 0.22× | ||
| Q3 25 | 4.58× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | -85.26× | 1.43× | ||
| Q4 24 | 1.02× | 0.44× | ||
| Q3 24 | 5.82× | — | ||
| Q2 24 | 1.61× | — | ||
| Q1 24 | — | 1.05× |
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% |
UGI
Segment breakdown not available.
