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Side-by-side financial comparison of JFrog Ltd (FROG) 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 $145.3M, roughly 1.5× JFrog Ltd). Perella Weinberg Partners runs the higher net margin — 6.3% vs -10.5%, a 16.8% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs -2.9%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $30.5M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs 20.4%).
JFrog Ltd is a global DevOps technology provider that delivers end-to-end software release, artifact management, and security solutions. It serves clients across tech, finance, retail, and manufacturing sectors, helping teams streamline development and delivery workflows for cloud, on-premises, and hybrid infrastructure.
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.
FROG vs PWP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $219.2M |
| Net Profit | $-15.2M | $13.8M |
| Gross Margin | 77.9% | — |
| Operating Margin | -14.7% | 8.5% |
| Net Margin | -10.5% | 6.3% |
| Revenue YoY | 25.2% | -2.9% |
| Net Profit YoY | 34.4% | — |
| EPS (diluted) | $-0.13 | $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 | $145.3M | $219.2M | ||
| Q3 25 | $136.9M | $164.6M | ||
| Q2 25 | $127.2M | $155.3M | ||
| Q1 25 | $122.4M | $211.8M | ||
| Q4 24 | $116.1M | $225.7M | ||
| Q3 24 | $109.1M | $278.2M | ||
| Q2 24 | $103.0M | $272.0M | ||
| Q1 24 | $100.3M | $102.1M |
| Q4 25 | $-15.2M | $13.8M | ||
| Q3 25 | $-16.4M | $6.0M | ||
| Q2 25 | $-21.7M | $2.7M | ||
| Q1 25 | $-18.5M | $17.3M | ||
| Q4 24 | $-23.2M | — | ||
| Q3 24 | $-22.9M | $16.4M | ||
| Q2 24 | $-14.3M | $-66.0M | ||
| Q1 24 | $-8.8M | $-35.8M |
| Q4 25 | 77.9% | — | ||
| Q3 25 | 77.4% | — | ||
| Q2 25 | 76.3% | — | ||
| Q1 25 | 75.3% | — | ||
| Q4 24 | 75.4% | — | ||
| Q3 24 | 75.0% | — | ||
| Q2 24 | 78.8% | — | ||
| Q1 24 | 79.5% | — |
| Q4 25 | -14.7% | 8.5% | ||
| Q3 25 | -15.8% | 5.4% | ||
| Q2 25 | -20.4% | 5.8% | ||
| Q1 25 | -18.8% | 5.5% | ||
| Q4 24 | -21.9% | — | ||
| Q3 24 | -27.4% | 12.9% | ||
| Q2 24 | -18.6% | -30.2% | ||
| Q1 24 | -16.6% | -52.4% |
| Q4 25 | -10.5% | 6.3% | ||
| Q3 25 | -12.0% | 3.6% | ||
| Q2 25 | -17.0% | 1.8% | ||
| Q1 25 | -15.1% | 8.2% | ||
| Q4 24 | -20.0% | — | ||
| Q3 24 | -21.0% | 5.9% | ||
| Q2 24 | -13.9% | -24.3% | ||
| Q1 24 | -8.8% | -35.1% |
| Q4 25 | $-0.13 | $0.11 | ||
| Q3 25 | $-0.14 | $0.08 | ||
| Q2 25 | $-0.19 | $0.04 | ||
| Q1 25 | $-0.16 | $0.24 | ||
| Q4 24 | $-0.21 | — | ||
| Q3 24 | $-0.21 | $0.24 | ||
| Q2 24 | $-0.13 | $-1.21 | ||
| Q1 24 | $-0.08 | $-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 | $704.4M | $255.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $887.4M | $-127.4M |
| Total Assets | $1.3B | $797.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $704.4M | $255.9M | ||
| Q3 25 | $651.1M | $185.5M | ||
| Q2 25 | $611.7M | $145.0M | ||
| Q1 25 | $563.5M | $111.2M | ||
| Q4 24 | $522.0M | $407.4M | ||
| Q3 24 | $467.8M | $335.1M | ||
| Q2 24 | $591.3M | $185.3M | ||
| Q1 24 | $579.6M | $156.7M |
| Q4 25 | $887.4M | $-127.4M | ||
| Q3 25 | $859.4M | $-302.4M | ||
| Q2 25 | $826.5M | $-318.4M | ||
| Q1 25 | $800.0M | $-323.1M | ||
| Q4 24 | $773.5M | $-421.4M | ||
| Q3 24 | $756.2M | $-360.8M | ||
| Q2 24 | $721.4M | $-283.0M | ||
| Q1 24 | $707.8M | $161.9M |
| Q4 25 | $1.3B | $797.6M | ||
| Q3 25 | $1.3B | $650.2M | ||
| Q2 25 | $1.2B | $606.7M | ||
| Q1 25 | $1.2B | $570.5M | ||
| Q4 24 | $1.1B | $876.8M | ||
| Q3 24 | $1.1B | $810.9M | ||
| Q2 24 | $1.0B | $645.5M | ||
| Q1 24 | $997.1M | $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 | $50.7M | $34.8M |
| Free Cash FlowOCF − Capex | $49.9M | $30.5M |
| FCF MarginFCF / Revenue | 34.3% | 13.9% |
| Capex IntensityCapex / Revenue | 0.6% | 2.0% |
| Cash ConversionOCF / Net Profit | — | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.7M | $34.8M | ||
| Q3 25 | $30.2M | $59.2M | ||
| Q2 25 | $36.1M | $56.1M | ||
| Q1 25 | $28.8M | $-176.5M | ||
| Q4 24 | $49.1M | $223.4M | ||
| Q3 24 | $27.6M | $200.3M | ||
| Q2 24 | $16.7M | $90.0M | ||
| Q1 24 | $17.5M | $-206.3M |
| Q4 25 | $49.9M | $30.5M | ||
| Q3 25 | $28.8M | $57.6M | ||
| Q2 25 | $35.5M | $55.3M | ||
| Q1 25 | $28.1M | $-177.6M | ||
| Q4 24 | $48.5M | $207.0M | ||
| Q3 24 | $26.7M | $199.3M | ||
| Q2 24 | $16.0M | $83.7M | ||
| Q1 24 | $16.6M | $-214.8M |
| Q4 25 | 34.3% | 13.9% | ||
| Q3 25 | 21.0% | 35.0% | ||
| Q2 25 | 27.9% | 35.6% | ||
| Q1 25 | 23.0% | -83.8% | ||
| Q4 24 | 41.8% | 91.7% | ||
| Q3 24 | 24.5% | 71.6% | ||
| Q2 24 | 15.5% | 30.8% | ||
| Q1 24 | 16.6% | -210.3% |
| Q4 25 | 0.6% | 2.0% | ||
| Q3 25 | 1.0% | 0.9% | ||
| Q2 25 | 0.5% | 0.5% | ||
| Q1 25 | 0.5% | 0.5% | ||
| Q4 24 | 0.5% | 7.3% | ||
| Q3 24 | 0.9% | 0.4% | ||
| Q2 24 | 0.7% | 2.3% | ||
| Q1 24 | 0.8% | 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.
