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Side-by-side financial comparison of Claritev Corp (CTEV) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
Claritev Corp is the larger business by last-quarter revenue ($246.6M vs $219.2M, roughly 1.1× Perella Weinberg Partners). Perella Weinberg Partners runs the higher net margin — 6.3% vs -32.7%, a 39.0% gap on every dollar of revenue. On growth, Claritev Corp posted the faster year-over-year revenue change (6.2% vs -2.9%). Claritev Corp produced more free cash flow last quarter ($36.4M vs $30.5M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs 2.5%).
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.
CTEV vs PWP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $246.6M | $219.2M |
| Net Profit | $-80.6M | $13.8M |
| Gross Margin | — | — |
| Operating Margin | -3.1% | 8.5% |
| Net Margin | -32.7% | 6.3% |
| Revenue YoY | 6.2% | -2.9% |
| Net Profit YoY | 41.6% | — |
| EPS (diluted) | $-4.88 | $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.
| Q4 25 | $246.6M | $219.2M | ||
| Q3 25 | $246.0M | $164.6M | ||
| Q2 25 | $241.6M | $155.3M | ||
| Q1 25 | $231.3M | $211.8M | ||
| Q4 24 | $232.1M | $225.7M | ||
| Q3 24 | $230.5M | $278.2M | ||
| Q2 24 | $233.5M | $272.0M | ||
| Q1 24 | $234.5M | $102.1M |
| Q4 25 | $-80.6M | $13.8M | ||
| Q3 25 | $-69.8M | $6.0M | ||
| Q2 25 | $-62.6M | $2.7M | ||
| Q1 25 | $-71.3M | $17.3M | ||
| Q4 24 | $-138.0M | — | ||
| Q3 24 | $-391.4M | $16.4M | ||
| Q2 24 | $-576.7M | $-66.0M | ||
| Q1 24 | $-539.7M | $-35.8M |
| Q4 25 | -3.1% | 8.5% | ||
| Q3 25 | 4.1% | 5.4% | ||
| Q2 25 | 6.9% | 5.8% | ||
| Q1 25 | 4.2% | 5.5% | ||
| Q4 24 | -17.8% | — | ||
| Q3 24 | -146.7% | 12.9% | ||
| Q2 24 | -224.4% | -30.2% | ||
| Q1 24 | -207.4% | -52.4% |
| Q4 25 | -32.7% | 6.3% | ||
| Q3 25 | -28.4% | 3.6% | ||
| Q2 25 | -25.9% | 1.8% | ||
| Q1 25 | -30.8% | 8.2% | ||
| Q4 24 | -59.4% | — | ||
| Q3 24 | -169.8% | 5.9% | ||
| Q2 24 | -247.0% | -24.3% | ||
| Q1 24 | -230.1% | -35.1% |
| Q4 25 | $-4.88 | $0.11 | ||
| Q3 25 | $-4.23 | $0.08 | ||
| Q2 25 | $-3.81 | $0.04 | ||
| Q1 25 | $-4.38 | $0.24 | ||
| Q4 24 | $-8.49 | — | ||
| Q3 24 | $-24.25 | $0.24 | ||
| Q2 24 | $-35.78 | $-1.21 | ||
| Q1 24 | $-33.40 | $-0.91 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $16.8M | $255.9M |
| Total DebtLower is stronger | $4.6B | — |
| Stockholders' EquityBook value | $-173.9M | $-127.4M |
| Total Assets | $4.9B | $797.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.8M | $255.9M | ||
| Q3 25 | $39.2M | $185.5M | ||
| Q2 25 | $56.4M | $145.0M | ||
| Q1 25 | $23.1M | $111.2M | ||
| Q4 24 | $16.8M | $407.4M | ||
| Q3 24 | $86.6M | $335.1M | ||
| Q2 24 | $48.8M | $185.3M | ||
| Q1 24 | $58.7M | $156.7M |
| Q4 25 | $4.6B | — | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $4.5B | — | ||
| Q1 24 | $4.5B | — |
| Q4 25 | $-173.9M | $-127.4M | ||
| Q3 25 | $-101.8M | $-302.4M | ||
| Q2 25 | $-39.9M | $-318.4M | ||
| Q1 25 | $14.8M | $-323.1M | ||
| Q4 24 | $84.0M | $-421.4M | ||
| Q3 24 | $207.6M | $-360.8M | ||
| Q2 24 | $603.4M | $-283.0M | ||
| Q1 24 | $1.2B | $161.9M |
| Q4 25 | $4.9B | $797.6M | ||
| Q3 25 | $5.0B | $650.2M | ||
| Q2 25 | $5.1B | $606.7M | ||
| Q1 25 | $5.1B | $570.5M | ||
| Q4 24 | $5.2B | $876.8M | ||
| Q3 24 | $5.3B | $810.9M | ||
| Q2 24 | $5.7B | $645.5M | ||
| Q1 24 | $6.4B | $583.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 304.87× | — | ||
| Q4 24 | 53.67× | — | ||
| Q3 24 | 21.73× | — | ||
| Q2 24 | 7.48× | — | ||
| Q1 24 | 3.85× | — |
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 | $66.3M | $34.8M |
| Free Cash FlowOCF − Capex | $36.4M | $30.5M |
| FCF MarginFCF / Revenue | 14.8% | 13.9% |
| Capex IntensityCapex / Revenue | 12.1% | 2.0% |
| Cash ConversionOCF / Net Profit | — | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-12.3M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.3M | $34.8M | ||
| Q3 25 | $19.9M | $59.2M | ||
| Q2 25 | $61.2M | $56.1M | ||
| Q1 25 | $-30.1M | $-176.5M | ||
| Q4 24 | $-33.4M | $223.4M | ||
| Q3 24 | $72.8M | $200.3M | ||
| Q2 24 | $18.5M | $90.0M | ||
| Q1 24 | $49.7M | $-206.3M |
| Q4 25 | $36.4M | $30.5M | ||
| Q3 25 | $-16.3M | $57.6M | ||
| Q2 25 | $36.6M | $55.3M | ||
| Q1 25 | $-68.9M | $-177.6M | ||
| Q4 24 | $-63.8M | $207.0M | ||
| Q3 24 | $41.1M | $199.3M | ||
| Q2 24 | $-7.0M | $83.7M | ||
| Q1 24 | $19.2M | $-214.8M |
| Q4 25 | 14.8% | 13.9% | ||
| Q3 25 | -6.6% | 35.0% | ||
| Q2 25 | 15.2% | 35.6% | ||
| Q1 25 | -29.8% | -83.8% | ||
| Q4 24 | -27.5% | 91.7% | ||
| Q3 24 | 17.8% | 71.6% | ||
| Q2 24 | -3.0% | 30.8% | ||
| Q1 24 | 8.2% | -210.3% |
| Q4 25 | 12.1% | 2.0% | ||
| Q3 25 | 14.7% | 0.9% | ||
| Q2 25 | 10.2% | 0.5% | ||
| Q1 25 | 16.8% | 0.5% | ||
| Q4 24 | 13.1% | 7.3% | ||
| Q3 24 | 13.8% | 0.4% | ||
| Q2 24 | 10.9% | 2.3% | ||
| Q1 24 | 13.0% | 8.3% |
| Q4 25 | — | 2.52× | ||
| Q3 25 | — | 9.85× | ||
| Q2 25 | — | 20.50× | ||
| Q1 25 | — | -10.18× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 12.23× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
