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Side-by-side financial comparison of DENNY'S Corp (DENN) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
Perella Weinberg Partners is the larger business by last-quarter revenue ($219.2M vs $113.2M, roughly 1.9× DENNY'S Corp). Perella Weinberg Partners runs the higher net margin — 6.3% vs 0.6%, a 5.7% gap on every dollar of revenue. On growth, DENNY'S Corp posted the faster year-over-year revenue change (1.3% vs -2.9%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $16.0M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs -0.9%).
Denny's is an American table service diner-style restaurant chain. It operates over 1,400 restaurants in the United States, Canada, México, Puerto Rico, and several other international locations.
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.
DENN vs PWP — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.2M | $219.2M |
| Net Profit | $632.0K | $13.8M |
| Gross Margin | — | — |
| Operating Margin | 9.2% | 8.5% |
| Net Margin | 0.6% | 6.3% |
| Revenue YoY | 1.3% | -2.9% |
| Net Profit YoY | -90.3% | — |
| EPS (diluted) | $0.01 | $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 | — | $219.2M | ||
| Q3 25 | $113.2M | $164.6M | ||
| Q2 25 | $117.7M | $155.3M | ||
| Q1 25 | $111.6M | $211.8M | ||
| Q4 24 | $114.7M | $225.7M | ||
| Q3 24 | $111.8M | $278.2M | ||
| Q2 24 | $115.9M | $272.0M | ||
| Q1 24 | $110.0M | $102.1M |
| Q4 25 | — | $13.8M | ||
| Q3 25 | $632.0K | $6.0M | ||
| Q2 25 | $2.5M | $2.7M | ||
| Q1 25 | $326.0K | $17.3M | ||
| Q4 24 | $6.8M | — | ||
| Q3 24 | $6.5M | $16.4M | ||
| Q2 24 | $3.6M | $-66.0M | ||
| Q1 24 | $4.7M | $-35.8M |
| Q4 25 | — | 8.5% | ||
| Q3 25 | 9.2% | 5.4% | ||
| Q2 25 | 7.3% | 5.8% | ||
| Q1 25 | 4.7% | 5.5% | ||
| Q4 24 | 12.6% | — | ||
| Q3 24 | 10.5% | 12.9% | ||
| Q2 24 | 7.9% | -30.2% | ||
| Q1 24 | 9.1% | -52.4% |
| Q4 25 | — | 6.3% | ||
| Q3 25 | 0.6% | 3.6% | ||
| Q2 25 | 2.1% | 1.8% | ||
| Q1 25 | 0.3% | 8.2% | ||
| Q4 24 | 5.9% | — | ||
| Q3 24 | 5.8% | 5.9% | ||
| Q2 24 | 3.1% | -24.3% | ||
| Q1 24 | 4.3% | -35.1% |
| Q4 25 | — | $0.11 | ||
| Q3 25 | $0.01 | $0.08 | ||
| Q2 25 | $0.05 | $0.04 | ||
| Q1 25 | $0.01 | $0.24 | ||
| Q4 24 | $0.13 | — | ||
| Q3 24 | $0.12 | $0.24 | ||
| Q2 24 | $0.07 | $-1.21 | ||
| Q1 24 | $0.09 | $-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 | — | $255.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-32.7M | $-127.4M |
| Total Assets | $502.9M | $797.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $255.9M | ||
| Q3 25 | — | $185.5M | ||
| Q2 25 | — | $145.0M | ||
| Q1 25 | $1.1M | $111.2M | ||
| Q4 24 | $100.0K | $407.4M | ||
| Q3 24 | $2.9M | $335.1M | ||
| Q2 24 | $2.8M | $185.3M | ||
| Q1 24 | $2.8M | $156.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $270.6M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $-127.4M | ||
| Q3 25 | $-32.7M | $-302.4M | ||
| Q2 25 | $-34.6M | $-318.4M | ||
| Q1 25 | $-36.4M | $-323.1M | ||
| Q4 24 | $-34.0M | $-421.4M | ||
| Q3 24 | $-54.5M | $-360.8M | ||
| Q2 24 | $-53.2M | $-283.0M | ||
| Q1 24 | $-55.7M | $161.9M |
| Q4 25 | — | $797.6M | ||
| Q3 25 | $502.9M | $650.2M | ||
| Q2 25 | $491.1M | $606.7M | ||
| Q1 25 | $488.1M | $570.5M | ||
| Q4 24 | $496.3M | $876.8M | ||
| Q3 24 | $461.6M | $810.9M | ||
| Q2 24 | $459.9M | $645.5M | ||
| Q1 24 | $460.4M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $16.0M | $34.8M |
| Free Cash FlowOCF − Capex | $16.0M | $30.5M |
| FCF MarginFCF / Revenue | 14.1% | 13.9% |
| Capex IntensityCapex / Revenue | 0.0% | 2.0% |
| Cash ConversionOCF / Net Profit | 25.28× | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $34.8M | ||
| Q3 25 | $16.0M | $59.2M | ||
| Q2 25 | $9.4M | $56.1M | ||
| Q1 25 | $5.0M | $-176.5M | ||
| Q4 24 | $8.5M | $223.4M | ||
| Q3 24 | $6.6M | $200.3M | ||
| Q2 24 | $14.2M | $90.0M | ||
| Q1 24 | $215.0K | $-206.3M |
| Q4 25 | — | $30.5M | ||
| Q3 25 | $16.0M | $57.6M | ||
| Q2 25 | — | $55.3M | ||
| Q1 25 | — | $-177.6M | ||
| Q4 24 | — | $207.0M | ||
| Q3 24 | — | $199.3M | ||
| Q2 24 | — | $83.7M | ||
| Q1 24 | — | $-214.8M |
| Q4 25 | — | 13.9% | ||
| Q3 25 | 14.1% | 35.0% | ||
| Q2 25 | — | 35.6% | ||
| Q1 25 | — | -83.8% | ||
| Q4 24 | — | 91.7% | ||
| Q3 24 | — | 71.6% | ||
| Q2 24 | — | 30.8% | ||
| Q1 24 | — | -210.3% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | 0.0% | 0.9% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | 0.0% | 0.4% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 8.3% |
| Q4 25 | — | 2.52× | ||
| Q3 25 | 25.28× | 9.85× | ||
| Q2 25 | 3.79× | 20.50× | ||
| Q1 25 | 15.38× | -10.18× | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | 1.01× | 12.23× | ||
| Q2 24 | 3.97× | — | ||
| Q1 24 | 0.05× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DENN
| Franchisor Owned Outlet | $57.4M | 51% |
| Royalty | $27.7M | 25% |
| Advertising | $18.6M | 16% |
| Occupancy | $7.7M | 7% |
| Initial And Other Fees | $1.7M | 1% |
PWP
Segment breakdown not available.
