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Side-by-side financial comparison of Cushman & Wakefield Ltd. (CWK) and Vistra Corp. (VST). Click either name above to swap in a different company.
Vistra Corp. is the larger business by last-quarter revenue ($4.8B vs $2.9B, roughly 1.6× Cushman & Wakefield Ltd.). Vistra Corp. runs the higher net margin — 4.8% vs -0.8%, a 5.6% gap on every dollar of revenue. On growth, Vistra Corp. posted the faster year-over-year revenue change (31.2% vs 10.8%). Vistra Corp. produced more free cash flow last quarter ($596.0M vs $234.3M). Over the past eight quarters, Vistra Corp.'s revenue compounded faster (23.3% CAGR vs 15.5%).
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.
Vistra may refer to either of two companies:Vistra, a corporate services company based in Hong Kong Vistra Corp, an energy company based in Texas
CWK vs VST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $4.8B |
| Net Profit | $-22.4M | $233.0M |
| Gross Margin | — | — |
| Operating Margin | 6.1% | 9.9% |
| Net Margin | -0.8% | 4.8% |
| Revenue YoY | 10.8% | 31.2% |
| Net Profit YoY | -119.8% | -47.2% |
| EPS (diluted) | $-0.10 | $0.55 |
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 | $4.8B | ||
| Q3 25 | $2.6B | $4.8B | ||
| Q2 25 | $2.5B | $3.8B | ||
| Q1 25 | $2.3B | $4.3B | ||
| Q4 24 | $2.6B | $3.7B | ||
| Q3 24 | $2.3B | $4.3B | ||
| Q2 24 | $2.3B | $3.6B | ||
| Q1 24 | $2.2B | $3.2B |
| Q4 25 | $-22.4M | $233.0M | ||
| Q3 25 | $51.4M | $652.0M | ||
| Q2 25 | $57.3M | $327.0M | ||
| Q1 25 | $1.9M | $-268.0M | ||
| Q4 24 | $112.9M | $441.0M | ||
| Q3 24 | $33.7M | $1.9B | ||
| Q2 24 | $13.5M | $365.0M | ||
| Q1 24 | $-28.8M | $-35.0M |
| Q4 25 | 6.1% | 9.9% | ||
| Q3 25 | 4.1% | 21.7% | ||
| Q2 25 | 4.9% | 13.7% | ||
| Q1 25 | 2.0% | -2.8% | ||
| Q4 24 | 6.6% | 16.4% | ||
| Q3 24 | 3.2% | 59.6% | ||
| Q2 24 | 3.1% | 22.5% | ||
| Q1 24 | 0.9% | 2.7% |
| Q4 25 | -0.8% | 4.8% | ||
| Q3 25 | 2.0% | 13.6% | ||
| Q2 25 | 2.3% | 8.7% | ||
| Q1 25 | 0.1% | -6.3% | ||
| Q4 24 | 4.3% | 12.0% | ||
| Q3 24 | 1.4% | 43.5% | ||
| Q2 24 | 0.6% | 10.1% | ||
| Q1 24 | -1.3% | -1.1% |
| Q4 25 | $-0.10 | $0.55 | ||
| Q3 25 | $0.22 | $1.75 | ||
| Q2 25 | $0.25 | $0.81 | ||
| Q1 25 | $0.01 | $-0.93 | ||
| Q4 24 | $0.49 | $1.09 | ||
| Q3 24 | $0.14 | $5.25 | ||
| Q2 24 | $0.06 | $0.90 | ||
| Q1 24 | $-0.13 | $-0.24 |
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 | $785.0M |
| Total DebtLower is stronger | $2.7B | $15.8B |
| Stockholders' EquityBook value | $2.0B | $5.1B |
| Total Assets | $7.7B | $41.5B |
| Debt / EquityLower = less leverage | 1.40× | 3.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $784.2M | $785.0M | ||
| Q3 25 | $634.4M | $602.0M | ||
| Q2 25 | $618.2M | $458.0M | ||
| Q1 25 | $623.2M | $561.0M | ||
| Q4 24 | $793.3M | $1.2B | ||
| Q3 24 | $775.4M | $905.0M | ||
| Q2 24 | $567.3M | $1.6B | ||
| Q1 24 | $553.5M | $1.1B |
| Q4 25 | $2.7B | $15.8B | ||
| Q3 25 | $2.8B | $15.8B | ||
| Q2 25 | $3.0B | $15.5B | ||
| Q1 25 | $3.0B | $15.4B | ||
| Q4 24 | $3.0B | $15.4B | ||
| Q3 24 | $3.1B | $13.9B | ||
| Q2 24 | $3.1B | $13.9B | ||
| Q1 24 | $3.2B | $14.7B |
| Q4 25 | $2.0B | $5.1B | ||
| Q3 25 | $2.0B | $5.2B | ||
| Q2 25 | $1.9B | $4.8B | ||
| Q1 25 | $1.8B | $4.8B | ||
| Q4 24 | $1.8B | $5.6B | ||
| Q3 24 | $1.7B | $5.4B | ||
| Q2 24 | $1.6B | $5.6B | ||
| Q1 24 | $1.6B | $5.7B |
| Q4 25 | $7.7B | $41.5B | ||
| Q3 25 | $7.7B | $38.0B | ||
| Q2 25 | $7.6B | $38.1B | ||
| Q1 25 | $7.4B | $38.2B | ||
| Q4 24 | $7.5B | $37.8B | ||
| Q3 24 | $7.5B | $37.9B | ||
| Q2 24 | $7.3B | $39.1B | ||
| Q1 24 | $7.5B | $38.2B |
| Q4 25 | 1.40× | 3.11× | ||
| Q3 25 | 1.45× | 3.02× | ||
| Q2 25 | 1.57× | 3.22× | ||
| Q1 25 | 1.70× | 3.20× | ||
| Q4 24 | 1.73× | 2.77× | ||
| Q3 24 | 1.81× | 2.56× | ||
| Q2 24 | 1.91× | 2.49× | ||
| Q1 24 | 1.96× | 2.60× |
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 | $1.4B |
| Free Cash FlowOCF − Capex | $234.3M | $596.0M |
| FCF MarginFCF / Revenue | 8.0% | 12.4% |
| Capex IntensityCapex / Revenue | 0.8% | 17.4% |
| Cash ConversionOCF / Net Profit | — | 6.15× |
| TTM Free Cash FlowTrailing 4 quarters | $293.0M | $1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $257.3M | $1.4B | ||
| Q3 25 | $235.5M | $1.5B | ||
| Q2 25 | $9.6M | $572.0M | ||
| Q1 25 | $-162.0M | $599.0M | ||
| Q4 24 | $115.2M | $1.4B | ||
| Q3 24 | $196.1M | $1.7B | ||
| Q2 24 | $21.8M | $1.2B | ||
| Q1 24 | $-125.1M | $312.0M |
| Q4 25 | $234.3M | $596.0M | ||
| Q3 25 | $225.0M | $1.0B | ||
| Q2 25 | $300.0K | $-118.0M | ||
| Q1 25 | $-166.6M | $-169.0M | ||
| Q4 24 | $105.9M | $923.0M | ||
| Q3 24 | $186.7M | $1.0B | ||
| Q2 24 | $10.0M | $698.0M | ||
| Q1 24 | $-135.6M | $-153.0M |
| Q4 25 | 8.0% | 12.4% | ||
| Q3 25 | 8.6% | 21.1% | ||
| Q2 25 | 0.0% | -3.1% | ||
| Q1 25 | -7.3% | -4.0% | ||
| Q4 24 | 4.0% | 25.2% | ||
| Q3 24 | 8.0% | 23.4% | ||
| Q2 24 | 0.4% | 19.4% | ||
| Q1 24 | -6.2% | -4.8% |
| Q4 25 | 0.8% | 17.4% | ||
| Q3 25 | 0.4% | 9.6% | ||
| Q2 25 | 0.4% | 18.4% | ||
| Q1 25 | 0.2% | 18.1% | ||
| Q4 24 | 0.4% | 11.7% | ||
| Q3 24 | 0.4% | 15.8% | ||
| Q2 24 | 0.5% | 13.8% | ||
| Q1 24 | 0.5% | 14.7% |
| Q4 25 | — | 6.15× | ||
| Q3 25 | 4.58× | 2.25× | ||
| Q2 25 | 0.17× | 1.75× | ||
| Q1 25 | -85.26× | — | ||
| Q4 24 | 1.02× | 3.07× | ||
| Q3 24 | 5.82× | 0.90× | ||
| Q2 24 | 1.61× | 3.28× | ||
| Q1 24 | — | — |
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% |
VST
| Retail Energy Charge In ERCOT | $2.1B | 43% |
| Retail Energy Charge In Northeast Midwest | $1.2B | 24% |
| East Segment | $1.1B | 24% |
| Hedging Revenue Realized | $170.0M | 4% |
| Revenue From Other Wholesale Contracts | $116.0M | 2% |
| Transferable Production Tax Credit Revenues | $78.0M | 2% |
| West Segment | $77.0M | 2% |
| Intersegment Sales | $25.0M | 1% |
