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Side-by-side financial comparison of Arhaus, Inc. (ARHS) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.

Arhaus, Inc. is the larger business by last-quarter revenue ($364.8M vs $219.2M, roughly 1.7× Perella Weinberg Partners). Perella Weinberg Partners runs the higher net margin — 6.3% vs 4.1%, a 2.2% gap on every dollar of revenue. On growth, Arhaus, Inc. posted the faster year-over-year revenue change (5.1% vs -2.9%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $-8.8M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs 11.2%).

Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.

PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.

ARHS vs PWP — Head-to-Head

Bigger by revenue
ARHS
ARHS
1.7× larger
ARHS
$364.8M
$219.2M
PWP
Growing faster (revenue YoY)
ARHS
ARHS
+8.0% gap
ARHS
5.1%
-2.9%
PWP
Higher net margin
PWP
PWP
2.2% more per $
PWP
6.3%
4.1%
ARHS
More free cash flow
PWP
PWP
$39.3M more FCF
PWP
$30.5M
$-8.8M
ARHS
Faster 2-yr revenue CAGR
PWP
PWP
Annualised
PWP
46.5%
11.2%
ARHS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARHS
ARHS
PWP
PWP
Revenue
$364.8M
$219.2M
Net Profit
$15.1M
$13.8M
Gross Margin
38.1%
Operating Margin
5.6%
8.5%
Net Margin
4.1%
6.3%
Revenue YoY
5.1%
-2.9%
Net Profit YoY
-29.1%
EPS (diluted)
$0.11
$0.11

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
ARHS
ARHS
PWP
PWP
Q4 25
$364.8M
$219.2M
Q3 25
$344.6M
$164.6M
Q2 25
$358.4M
$155.3M
Q1 25
$311.4M
$211.8M
Q4 24
$347.0M
$225.7M
Q3 24
$319.1M
$278.2M
Q2 24
$309.8M
$272.0M
Q1 24
$295.2M
$102.1M
Net Profit
ARHS
ARHS
PWP
PWP
Q4 25
$15.1M
$13.8M
Q3 25
$12.2M
$6.0M
Q2 25
$35.1M
$2.7M
Q1 25
$4.9M
$17.3M
Q4 24
$21.3M
Q3 24
$9.9M
$16.4M
Q2 24
$22.2M
$-66.0M
Q1 24
$15.1M
$-35.8M
Gross Margin
ARHS
ARHS
PWP
PWP
Q4 25
38.1%
Q3 25
38.7%
Q2 25
41.4%
Q1 25
37.1%
Q4 24
40.0%
Q3 24
38.6%
Q2 24
40.1%
Q1 24
39.0%
Operating Margin
ARHS
ARHS
PWP
PWP
Q4 25
5.6%
8.5%
Q3 25
4.8%
5.4%
Q2 25
13.0%
5.8%
Q1 25
1.7%
5.5%
Q4 24
8.2%
Q3 24
3.3%
12.9%
Q2 24
9.5%
-30.2%
Q1 24
6.2%
-52.4%
Net Margin
ARHS
ARHS
PWP
PWP
Q4 25
4.1%
6.3%
Q3 25
3.5%
3.6%
Q2 25
9.8%
1.8%
Q1 25
1.6%
8.2%
Q4 24
6.1%
Q3 24
3.1%
5.9%
Q2 24
7.2%
-24.3%
Q1 24
5.1%
-35.1%
EPS (diluted)
ARHS
ARHS
PWP
PWP
Q4 25
$0.11
$0.11
Q3 25
$0.09
$0.08
Q2 25
$0.25
$0.04
Q1 25
$0.03
$0.24
Q4 24
$0.15
Q3 24
$0.07
$0.24
Q2 24
$0.16
$-1.21
Q1 24
$0.11
$-0.91

Balance Sheet & Financial Strength

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

Metric
ARHS
ARHS
PWP
PWP
Cash + ST InvestmentsLiquidity on hand
$253.4M
$255.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$418.2M
$-127.4M
Total Assets
$1.4B
$797.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARHS
ARHS
PWP
PWP
Q4 25
$253.4M
$255.9M
Q3 25
$262.2M
$185.5M
Q2 25
$234.8M
$145.0M
Q1 25
$214.4M
$111.2M
Q4 24
$197.5M
$407.4M
Q3 24
$177.7M
$335.1M
Q2 24
$174.2M
$185.3M
Q1 24
$233.2M
$156.7M
Stockholders' Equity
ARHS
ARHS
PWP
PWP
Q4 25
$418.2M
$-127.4M
Q3 25
$400.4M
$-302.4M
Q2 25
$385.6M
$-318.4M
Q1 25
$348.8M
$-323.1M
Q4 24
$343.7M
$-421.4M
Q3 24
$320.6M
$-360.8M
Q2 24
$309.3M
$-283.0M
Q1 24
$285.6M
$161.9M
Total Assets
ARHS
ARHS
PWP
PWP
Q4 25
$1.4B
$797.6M
Q3 25
$1.4B
$650.2M
Q2 25
$1.3B
$606.7M
Q1 25
$1.3B
$570.5M
Q4 24
$1.2B
$876.8M
Q3 24
$1.2B
$810.9M
Q2 24
$1.2B
$645.5M
Q1 24
$1.2B
$583.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARHS
ARHS
PWP
PWP
Operating Cash FlowLast quarter
$9.3M
$34.8M
Free Cash FlowOCF − Capex
$-8.8M
$30.5M
FCF MarginFCF / Revenue
-2.4%
13.9%
Capex IntensityCapex / Revenue
5.0%
2.0%
Cash ConversionOCF / Net Profit
0.62×
2.52×
TTM Free Cash FlowTrailing 4 quarters
$59.0M
$-34.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARHS
ARHS
PWP
PWP
Q4 25
$9.3M
$34.8M
Q3 25
$46.1M
$59.2M
Q2 25
$34.9M
$56.1M
Q1 25
$46.5M
$-176.5M
Q4 24
$31.7M
$223.4M
Q3 24
$31.1M
$200.3M
Q2 24
$47.5M
$90.0M
Q1 24
$36.8M
$-206.3M
Free Cash Flow
ARHS
ARHS
PWP
PWP
Q4 25
$-8.8M
$30.5M
Q3 25
$28.0M
$57.6M
Q2 25
$20.9M
$55.3M
Q1 25
$18.9M
$-177.6M
Q4 24
$13.0M
$207.0M
Q3 24
$4.6M
$199.3M
Q2 24
$11.3M
$83.7M
Q1 24
$10.9M
$-214.8M
FCF Margin
ARHS
ARHS
PWP
PWP
Q4 25
-2.4%
13.9%
Q3 25
8.1%
35.0%
Q2 25
5.8%
35.6%
Q1 25
6.1%
-83.8%
Q4 24
3.7%
91.7%
Q3 24
1.4%
71.6%
Q2 24
3.6%
30.8%
Q1 24
3.7%
-210.3%
Capex Intensity
ARHS
ARHS
PWP
PWP
Q4 25
5.0%
2.0%
Q3 25
5.3%
0.9%
Q2 25
3.9%
0.5%
Q1 25
8.9%
0.5%
Q4 24
5.4%
7.3%
Q3 24
8.3%
0.4%
Q2 24
11.7%
2.3%
Q1 24
8.8%
8.3%
Cash Conversion
ARHS
ARHS
PWP
PWP
Q4 25
0.62×
2.52×
Q3 25
3.77×
9.85×
Q2 25
1.00×
20.50×
Q1 25
9.53×
-10.18×
Q4 24
1.49×
Q3 24
3.14×
12.23×
Q2 24
2.14×
Q1 24
2.44×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARHS
ARHS

Sales Channel Retail$305.7M84%
Sales Channel E Commerce$59.2M16%

PWP
PWP

Segment breakdown not available.

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