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Side-by-side financial comparison of Douglas Elliman Inc. (DOUG) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
Douglas Elliman Inc. is the larger business by last-quarter revenue ($245.4M vs $219.2M, roughly 1.1× Perella Weinberg Partners). Douglas Elliman Inc. runs the higher net margin — 27.9% vs 6.3%, a 21.6% gap on every dollar of revenue. On growth, Douglas Elliman Inc. posted the faster year-over-year revenue change (0.9% vs -2.9%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $-14.7M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs 10.7%).
Douglas Elliman Inc. is a leading U.S.-based residential real estate brokerage firm. It offers luxury property sales, rentals, property management, and advisory solutions, serving high-net-worth clients across key metro markets including New York, California, Florida, and Texas.
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.
DOUG vs PWP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $245.4M | $219.2M |
| Net Profit | $68.6M | $13.8M |
| Gross Margin | — | — |
| Operating Margin | 27.3% | 8.5% |
| Net Margin | 27.9% | 6.3% |
| Revenue YoY | 0.9% | -2.9% |
| Net Profit YoY | 1243.4% | — |
| EPS (diluted) | $0.80 | $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 | $245.4M | $219.2M | ||
| Q3 25 | $262.8M | $164.6M | ||
| Q2 25 | $271.4M | $155.3M | ||
| Q1 25 | $253.4M | $211.8M | ||
| Q4 24 | $243.3M | $225.7M | ||
| Q3 24 | $266.3M | $278.2M | ||
| Q2 24 | $285.8M | $272.0M | ||
| Q1 24 | $200.2M | $102.1M |
| Q4 25 | $68.6M | $13.8M | ||
| Q3 25 | $-24.7M | $6.0M | ||
| Q2 25 | $-22.7M | $2.7M | ||
| Q1 25 | $-6.0M | $17.3M | ||
| Q4 24 | $-6.0M | — | ||
| Q3 24 | $-27.2M | $16.4M | ||
| Q2 24 | $-1.7M | $-66.0M | ||
| Q1 24 | $-41.5M | $-35.8M |
| Q4 25 | 27.3% | 8.5% | ||
| Q3 25 | -4.1% | 5.4% | ||
| Q2 25 | -2.0% | 5.8% | ||
| Q1 25 | -2.1% | 5.5% | ||
| Q4 24 | -6.7% | — | ||
| Q3 24 | -2.8% | 12.9% | ||
| Q2 24 | -1.3% | -30.2% | ||
| Q1 24 | -20.7% | -52.4% |
| Q4 25 | 27.9% | 6.3% | ||
| Q3 25 | -9.4% | 3.6% | ||
| Q2 25 | -8.4% | 1.8% | ||
| Q1 25 | -2.4% | 8.2% | ||
| Q4 24 | -2.5% | — | ||
| Q3 24 | -10.2% | 5.9% | ||
| Q2 24 | -0.6% | -24.3% | ||
| Q1 24 | -20.7% | -35.1% |
| Q4 25 | $0.80 | $0.11 | ||
| Q3 25 | $-0.29 | $0.08 | ||
| Q2 25 | $-0.27 | $0.04 | ||
| Q1 25 | $-0.07 | $0.24 | ||
| Q4 24 | $-0.06 | — | ||
| Q3 24 | $-0.33 | $0.24 | ||
| Q2 24 | $-0.02 | $-1.21 | ||
| Q1 24 | $-0.50 | $-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 | $115.5M | $255.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $183.9M | $-127.4M |
| Total Assets | $444.4M | $797.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $115.5M | $255.9M | ||
| Q3 25 | $143.0M | $185.5M | ||
| Q2 25 | $136.3M | $145.0M | ||
| Q1 25 | $136.8M | $111.2M | ||
| Q4 24 | $145.5M | $407.4M | ||
| Q3 24 | $151.4M | $335.1M | ||
| Q2 24 | $92.9M | $185.3M | ||
| Q1 24 | $91.5M | $156.7M |
| Q4 25 | $183.9M | $-127.4M | ||
| Q3 25 | $115.1M | $-302.4M | ||
| Q2 25 | $137.6M | $-318.4M | ||
| Q1 25 | $158.2M | $-323.1M | ||
| Q4 24 | $162.2M | $-421.4M | ||
| Q3 24 | $173.6M | $-360.8M | ||
| Q2 24 | $196.9M | $-283.0M | ||
| Q1 24 | $195.1M | $161.9M |
| Q4 25 | $444.4M | $797.6M | ||
| Q3 25 | $480.6M | $650.2M | ||
| Q2 25 | $489.0M | $606.7M | ||
| Q1 25 | $493.9M | $570.5M | ||
| Q4 24 | $493.9M | $876.8M | ||
| Q3 24 | $502.7M | $810.9M | ||
| Q2 24 | $463.9M | $645.5M | ||
| Q1 24 | $461.1M | $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 | $-14.4M | $34.8M |
| Free Cash FlowOCF − Capex | $-14.7M | $30.5M |
| FCF MarginFCF / Revenue | -6.0% | 13.9% |
| Capex IntensityCapex / Revenue | 0.1% | 2.0% |
| Cash ConversionOCF / Net Profit | -0.21× | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-17.2M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.4M | $34.8M | ||
| Q3 25 | $5.5M | $59.2M | ||
| Q2 25 | $642.0K | $56.1M | ||
| Q1 25 | $-5.6M | $-176.5M | ||
| Q4 24 | $-9.0M | $223.4M | ||
| Q3 24 | $9.0M | $200.3M | ||
| Q2 24 | $1.3M | $90.0M | ||
| Q1 24 | $-27.3M | $-206.3M |
| Q4 25 | $-14.7M | $30.5M | ||
| Q3 25 | $4.7M | $57.6M | ||
| Q2 25 | $-575.0K | $55.3M | ||
| Q1 25 | $-6.7M | $-177.6M | ||
| Q4 24 | $-10.2M | $207.0M | ||
| Q3 24 | $7.7M | $199.3M | ||
| Q2 24 | $432.0K | $83.7M | ||
| Q1 24 | $-29.4M | $-214.8M |
| Q4 25 | -6.0% | 13.9% | ||
| Q3 25 | 1.8% | 35.0% | ||
| Q2 25 | -0.2% | 35.6% | ||
| Q1 25 | -2.6% | -83.8% | ||
| Q4 24 | -4.2% | 91.7% | ||
| Q3 24 | 2.9% | 71.6% | ||
| Q2 24 | 0.2% | 30.8% | ||
| Q1 24 | -14.7% | -210.3% |
| Q4 25 | 0.1% | 2.0% | ||
| Q3 25 | 0.3% | 0.9% | ||
| Q2 25 | 0.4% | 0.5% | ||
| Q1 25 | 0.4% | 0.5% | ||
| Q4 24 | 0.5% | 7.3% | ||
| Q3 24 | 0.5% | 0.4% | ||
| Q2 24 | 0.3% | 2.3% | ||
| Q1 24 | 1.0% | 8.3% |
| Q4 25 | -0.21× | 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.
Revenue Breakdown by Segment
DOUG
| Commissions And Other Brokerage Income | $240.3M | 98% |
| Property Management Income | $2.8M | 1% |
| Property Management | $2.2M | 1% |
PWP
Segment breakdown not available.
