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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) 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 $132.7M, roughly 1.7× Emerald Holding, Inc.). Perella Weinberg Partners runs the higher net margin — 6.3% vs -22.8%, a 29.1% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs -2.9%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $11.7M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs -0.3%).
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
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.
EEX vs PWP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $132.7M | $219.2M |
| Net Profit | $-30.2M | $13.8M |
| Gross Margin | — | — |
| Operating Margin | -11.8% | 8.5% |
| Net Margin | -22.8% | 6.3% |
| Revenue YoY | 24.3% | -2.9% |
| Net Profit YoY | -692.2% | — |
| EPS (diluted) | $-0.15 | $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 | $132.7M | $219.2M | ||
| Q3 25 | $77.5M | $164.6M | ||
| Q2 25 | $105.5M | $155.3M | ||
| Q1 25 | $147.7M | $211.8M | ||
| Q4 24 | $106.8M | $225.7M | ||
| Q3 24 | $72.6M | $278.2M | ||
| Q2 24 | $86.0M | $272.0M | ||
| Q1 24 | $133.4M | $102.1M |
| Q4 25 | $-30.2M | $13.8M | ||
| Q3 25 | $-14.4M | $6.0M | ||
| Q2 25 | $-1.4M | $2.7M | ||
| Q1 25 | $15.3M | $17.3M | ||
| Q4 24 | $5.1M | — | ||
| Q3 24 | $-11.1M | $16.4M | ||
| Q2 24 | $-2.8M | $-66.0M | ||
| Q1 24 | $11.0M | $-35.8M |
| Q4 25 | -11.8% | 8.5% | ||
| Q3 25 | -10.1% | 5.4% | ||
| Q2 25 | 9.7% | 5.8% | ||
| Q1 25 | 24.2% | 5.5% | ||
| Q4 24 | 19.5% | — | ||
| Q3 24 | -6.5% | 12.9% | ||
| Q2 24 | 7.4% | -30.2% | ||
| Q1 24 | 18.2% | -52.4% |
| Q4 25 | -22.8% | 6.3% | ||
| Q3 25 | -18.6% | 3.6% | ||
| Q2 25 | -1.3% | 1.8% | ||
| Q1 25 | 10.4% | 8.2% | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | -15.3% | 5.9% | ||
| Q2 24 | -3.3% | -24.3% | ||
| Q1 24 | 8.2% | -35.1% |
| Q4 25 | $-0.15 | $0.11 | ||
| Q3 25 | $-0.07 | $0.08 | ||
| Q2 25 | $-0.01 | $0.04 | ||
| Q1 25 | $0.08 | $0.24 | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | $-0.05 | $0.24 | ||
| Q2 24 | $-0.03 | $-1.21 | ||
| Q1 24 | $0.00 | $-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 | $100.9M | $255.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $338.8M | $-127.4M |
| Total Assets | $1.2B | $797.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.9M | $255.9M | ||
| Q3 25 | $95.4M | $185.5M | ||
| Q2 25 | $156.4M | $145.0M | ||
| Q1 25 | $276.8M | $111.2M | ||
| Q4 24 | $194.8M | $407.4M | ||
| Q3 24 | $188.9M | $335.1M | ||
| Q2 24 | $193.2M | $185.3M | ||
| Q1 24 | $186.8M | $156.7M |
| Q4 25 | $338.8M | $-127.4M | ||
| Q3 25 | $369.5M | $-302.4M | ||
| Q2 25 | $389.4M | $-318.4M | ||
| Q1 25 | $392.1M | $-323.1M | ||
| Q4 24 | $385.9M | $-421.4M | ||
| Q3 24 | $391.1M | $-360.8M | ||
| Q2 24 | $407.6M | $-283.0M | ||
| Q1 24 | $-90.7M | $161.9M |
| Q4 25 | $1.2B | $797.6M | ||
| Q3 25 | $1.2B | $650.2M | ||
| Q2 25 | $1.2B | $606.7M | ||
| Q1 25 | $1.2B | $570.5M | ||
| Q4 24 | $1.0B | $876.8M | ||
| Q3 24 | $1.1B | $810.9M | ||
| Q2 24 | $1.1B | $645.5M | ||
| Q1 24 | $1.1B | $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 | $12.3M | $34.8M |
| Free Cash FlowOCF − Capex | $11.7M | $30.5M |
| FCF MarginFCF / Revenue | 8.8% | 13.9% |
| Capex IntensityCapex / Revenue | 0.5% | 2.0% |
| Cash ConversionOCF / Net Profit | — | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $41.4M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $34.8M | ||
| Q3 25 | $1.8M | $59.2M | ||
| Q2 25 | $15.9M | $56.1M | ||
| Q1 25 | $12.6M | $-176.5M | ||
| Q4 24 | $20.6M | $223.4M | ||
| Q3 24 | $9.1M | $200.3M | ||
| Q2 24 | $9.8M | $90.0M | ||
| Q1 24 | $7.3M | $-206.3M |
| Q4 25 | $11.7M | $30.5M | ||
| Q3 25 | $1.5M | $57.6M | ||
| Q2 25 | $15.8M | $55.3M | ||
| Q1 25 | $12.4M | $-177.6M | ||
| Q4 24 | $19.9M | $207.0M | ||
| Q3 24 | $9.0M | $199.3M | ||
| Q2 24 | $9.6M | $83.7M | ||
| Q1 24 | $7.0M | $-214.8M |
| Q4 25 | 8.8% | 13.9% | ||
| Q3 25 | 1.9% | 35.0% | ||
| Q2 25 | 15.0% | 35.6% | ||
| Q1 25 | 8.4% | -83.8% | ||
| Q4 24 | 18.6% | 91.7% | ||
| Q3 24 | 12.4% | 71.6% | ||
| Q2 24 | 11.2% | 30.8% | ||
| Q1 24 | 5.2% | -210.3% |
| Q4 25 | 0.5% | 2.0% | ||
| Q3 25 | 0.4% | 0.9% | ||
| Q2 25 | 0.1% | 0.5% | ||
| Q1 25 | 0.1% | 0.5% | ||
| Q4 24 | 0.7% | 7.3% | ||
| Q3 24 | 0.1% | 0.4% | ||
| Q2 24 | 0.2% | 2.3% | ||
| Q1 24 | 0.2% | 8.3% |
| Q4 25 | — | 2.52× | ||
| Q3 25 | — | 9.85× | ||
| Q2 25 | — | 20.50× | ||
| Q1 25 | 0.82× | -10.18× | ||
| Q4 24 | 4.04× | — | ||
| Q3 24 | — | 12.23× | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.66× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
PWP
Segment breakdown not available.
