Perella Weinberg Partners Financials
Perella Weinberg Partners (PWP) reported $750.9M in revenue for fiscal year 2025, down 14.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Perella Weinberg’s recent filings show an asset-light advisory model where cash generation and accounting profit often run on different clocks.
Across FY2023-FY2025, the company recorded a cumulative net loss of$153M but produced$404M of operating cash flow. Even the FY2025 return to a positive net margin of6.4% came with only$34.8M of operating cash flow, showing that this model’s economics are driven heavily by noncash charges and timing effects rather than by the headline profit line alone.
Capex was just
The balance sheet remained in negative equity at
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Perella Weinberg Partners's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Perella Weinberg Partners, and counted as zero in the overall score.
Not available for Perella Weinberg Partners, and counted as zero in the overall score.
Perella Weinberg Partners passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 3 of 4 profitability signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Perella Weinberg Partners generates $0.72 in operating cash flow ($34.8M OCF vs $48.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Perella Weinberg Partners generated $750.9M in revenue in fiscal year 2025. This represents a decrease of 14.5% from the prior year.
Perella Weinberg Partners's EBITDA was $68.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 218.4% from the prior year.
Perella Weinberg Partners reported $48.0M in net income in fiscal year 2025. This represents an increase of 153.9% from the prior year.
Perella Weinberg Partners earned $0.47 per diluted share (EPS) in fiscal year 2025. This represents an increase of 138.5% from the prior year.
Cash & Balance Sheet
Perella Weinberg Partners generated $30.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 85.3% from the prior year.
Perella Weinberg Partners held $255.9M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Perella Weinberg Partners's operating margin was 6.4% in fiscal year 2025, reflecting core business profitability. This is up 15.3 percentage points from the prior year.
Perella Weinberg Partners's net profit margin was 6.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 16.5 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Perella Weinberg Partners spent $33.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 124.4% from the prior year.
Perella Weinberg Partners invested $4.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 73.7% from the prior year.
Not reported for fiscal year 2025.
PWP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $689.2M | $750.9M-14.5% | $878.0M+35.4% | $648.7M+2.7% | $631.5M-21.2% | $801.7M+54.5% | $519.0M | N/A |
| SG&A Expenses | $15.7M | $18.0M-21.2% | $22.8M+13.5% | $20.1M-0.6% | $20.2M+19.0% | $17.0M+1556.6% | $1.0M+77620.8% | $1K |
| Operating Income | $19.5M | $48.0M+161.1% | -$78.5M+31.8% | -$115.1M-141.1% | -$47.7M-171.7% | $66.6M+556.2% | -$14.6M | N/A |
| Interest Expense | N/A | N/A | N/A | $276K0.0% | $276K-96.4% | $7.6M-51.7% | $15.7M | N/A |
| Income Tax | $862K | $3.5M-83.3% | $21.1M+2251.9% | -$980K-109.5% | $10.3M-45.4% | $18.9M+448.1% | $3.5M | N/A |
| Net Income | $34.7M | $48.0M+153.9% | -$89.0M+20.5% | -$112.0M-250.0% | -$32.0M-239.7% | -$9.4M-84.6% | -$5.1M-386905.5% | -$1K |
| EPS (Diluted) | — | $0.47+138.5% | -$1.22+8.3% | -$1.33-189.1% | -$0.46 | -$0.66 | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PWP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Total Assets | $797.6M-9.0% | $876.8M+15.2% | $761.1M+6.1% | $717.1M-0.2% | $718.3M+32.3% | $543.0M+827130.9% | $66K |
| Current Assets | N/A | N/A | N/A | N/A | N/A | $1.4M+13231.7% | $11K |
| Cash & Equivalents | $255.9M-22.8% | $331.6M+34.1% | $247.2M+44.1% | $171.6M-65.9% | $502.8M+52.8% | $329.1M+3057538.0% | $11K |
| Accounts Receivable | $62.7M-14.5% | $73.3M+53.4% | $47.8M-29.7% | $67.9M+44.7% | $46.9M+15.0% | $40.8M | N/A |
| Goodwill | $72.7M+111.4% | $34.4M0.0% | $34.4M0.0% | $34.4M0.0% | $34.4M0.0% | $34.4M | N/A |
| Total Liabilities | $925.0M-28.7% | $1.3B+163.4% | $492.9M+7.9% | $457.0M-22.8% | $592.0M+26.3% | $468.8M+1091814.9% | $43K |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | $793K+1747.1% | $43K |
| Long-Term Debt | N/A | N/A | N/A | N/A | $0-100.0% | $147.0M | N/A |
| Total Equity | -$127.4M+69.8% | -$421.4M-376.0% | $152.7M+11.1% | $137.5M+8.8% | $126.3M+70.3% | $74.2M+326639.8% | $23K |
| Retained Earnings | -$130.6M+57.0% | -$303.7M-455.7% | -$54.6M-202.4% | -$18.1M0.0% | -$18.1M | $0+100.0% | -$2K |
Not reported in any period shown, so not listed: Inventory.
PWP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $94.3M | $34.8M-84.4% | $223.4M+53.1% | $145.9M+920.8% | -$17.8M-107.6% | $234.9M+173.4% | $85.9M | N/A |
| Capital Expenditures | $6.2M | $4.3M-73.7% | $16.4M-71.6% | $57.6M+116.9% | $26.6M+1716.7% | $1.5M-73.5% | $5.5M | N/A |
| Free Cash Flow | $88.1M | $30.5M-85.3% | $207.0M+134.4% | $88.3M+299.1% | -$44.3M-119.0% | $233.4M+190.4% | $80.4M | N/A |
| Investing Cash Flow | -$25.1M | $51.7M+52895.9% | -$98K+98.3% | -$5.8M+96.5% | -$166.2M-6712.7% | -$2.4M+55.8% | -$5.5M | N/A |
| Financing Cash Flow | -$96.5M | -$168.6M-22.8% | -$137.3M-104.8% | -$67.0M+51.0% | -$136.8M-148.6% | -$55.0M-150.2% | -$22.0M | N/A |
| Dividends Paid | $25.4M | $22.9M+13.0% | $20.3M+54.3% | $13.1M+2.4% | $12.8M+114.4% | $6.0M | $0 | $0 |
| Share Buybacks | $1.9M | $33.7M+124.4% | $15.0M-33.3% | $22.5M-67.1% | $68.5M+470.4% | $12.0M | $0 | $0 |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PWP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Operating Margin | 6.4%+15.3pp | -8.9%+8.8pp | -17.7%-10.2pp | -7.6%-15.9pp | 8.3%+11.1pp | -2.8% | N/A |
| Net Margin | 6.4%+16.5pp | -10.1%+7.1pp | -17.3%-12.2pp | -5.1%-3.9pp | -1.2%-0.2pp | -1.0% | N/A |
| Return on Equity | N/A | N/A | -73.4%-50.1pp | -23.3%-15.8pp | -7.5%-0.6pp | -6.9%-1.1pp | -5.8% |
| Return on Assets | 6.0%+16.2pp | -10.2%+4.6pp | -14.7%-10.3pp | -4.5%-3.1pp | -1.3%-0.4pp | -0.9%+1.1pp | -2.0% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | 1.81+1.6x | 0.25 |
| Debt-to-Equity | N/A | N/A | 3.23-0.1x | 3.32+3.3x | 0.00-2.0x | 1.98+0.1x | 1.89 |
| FCF Margin | 4.1%-19.5pp | 23.6%+10.0pp | 13.6%+20.6pp | -7.0%-36.1pp | 29.1%+13.6pp | 15.5% | N/A |
Not reported in any period shown, so not listed: Gross Margin.
Note: Shareholder equity is negative (-$127.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Where Perella Weinberg Partners Ranks
Frequently Asked Questions
What is Perella Weinberg Partners's annual revenue?
Perella Weinberg Partners (PWP) reported $750.9M in total revenue for fiscal year 2025. This represents a -14.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Perella Weinberg Partners's revenue growing?
Perella Weinberg Partners (PWP) revenue declined by 14.5% year-over-year, from $878.0M to $750.9M in fiscal year 2025.
Is Perella Weinberg Partners profitable?
Yes, Perella Weinberg Partners (PWP) reported a net income of $48.0M in fiscal year 2025, with a net profit margin of 6.4%.
What is Perella Weinberg Partners's EBITDA?
Perella Weinberg Partners (PWP) had EBITDA of $68.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Perella Weinberg Partners's operating margin?
Perella Weinberg Partners (PWP) had an operating margin of 6.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Perella Weinberg Partners's net profit margin?
Perella Weinberg Partners (PWP) had a net profit margin of 6.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Perella Weinberg Partners's free cash flow?
Perella Weinberg Partners (PWP) generated $30.5M in free cash flow during fiscal year 2025. This represents a -85.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Perella Weinberg Partners's operating cash flow?
Perella Weinberg Partners (PWP) generated $34.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Perella Weinberg Partners's total assets?
Perella Weinberg Partners (PWP) had $797.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Perella Weinberg Partners's capital expenditures?
Perella Weinberg Partners (PWP) invested $4.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Perella Weinberg Partners's return on assets (ROA)?
Perella Weinberg Partners (PWP) had a return on assets of 6.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Perella Weinberg Partners's debt-to-equity ratio negative or not reported?
Perella Weinberg Partners (PWP) has negative shareholder equity of -$127.4M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Perella Weinberg Partners's Piotroski F-Score?
Perella Weinberg Partners (PWP) has a Piotroski F-Score of 3 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Perella Weinberg Partners's earnings high quality?
Perella Weinberg Partners (PWP) has an earnings quality ratio of 0.72x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Perella Weinberg Partners?
Perella Weinberg Partners (PWP) scores 11 out of 100 on our Financial Health Score, indicating weak standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.