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Side-by-side financial comparison of Great Lakes Dredge & Dock CORP (GLDD) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
Great Lakes Dredge & Dock CORP is the larger business by last-quarter revenue ($256.5M vs $219.2M, roughly 1.2× Perella Weinberg Partners). Perella Weinberg Partners runs the higher net margin — 6.3% vs 4.9%, a 1.4% gap on every dollar of revenue. On growth, Great Lakes Dredge & Dock CORP posted the faster year-over-year revenue change (26.5% vs -2.9%). Great Lakes Dredge & Dock CORP produced more free cash flow last quarter ($50.3M vs $30.5M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs 13.6%).
Great Lakes Dredge and Dock Company is an American company providing construction services in dredging and land reclamation, currently the largest such provider in the United States. GLD&D operates primarily in the United States but conducts one-quarter of its business overseas. The company was based in Oak Brook, Illinois, but in October 2020 relocated its corporate headquarters to Houston, 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.
GLDD vs PWP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $256.5M | $219.2M |
| Net Profit | $12.6M | $13.8M |
| Gross Margin | 20.9% | — |
| Operating Margin | 12.7% | 8.5% |
| Net Margin | 4.9% | 6.3% |
| Revenue YoY | 26.5% | -2.9% |
| Net Profit YoY | -35.9% | — |
| EPS (diluted) | $0.19 | $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 | $256.5M | $219.2M | ||
| Q3 25 | $195.2M | $164.6M | ||
| Q2 25 | $193.8M | $155.3M | ||
| Q1 25 | $242.9M | $211.8M | ||
| Q4 24 | $202.8M | $225.7M | ||
| Q3 24 | $191.2M | $278.2M | ||
| Q2 24 | $170.1M | $272.0M | ||
| Q1 24 | $198.7M | $102.1M |
| Q4 25 | $12.6M | $13.8M | ||
| Q3 25 | $17.7M | $6.0M | ||
| Q2 25 | $9.7M | $2.7M | ||
| Q1 25 | $33.4M | $17.3M | ||
| Q4 24 | $19.7M | — | ||
| Q3 24 | $8.9M | $16.4M | ||
| Q2 24 | $7.7M | $-66.0M | ||
| Q1 24 | $21.0M | $-35.8M |
| Q4 25 | 20.9% | — | ||
| Q3 25 | 22.4% | — | ||
| Q2 25 | 18.9% | — | ||
| Q1 25 | 28.6% | — | ||
| Q4 24 | 24.1% | — | ||
| Q3 24 | 19.0% | — | ||
| Q2 24 | 17.5% | — | ||
| Q1 24 | 22.9% | — |
| Q4 25 | 12.7% | 8.5% | ||
| Q3 25 | 14.4% | 5.4% | ||
| Q2 25 | 8.8% | 5.8% | ||
| Q1 25 | 20.6% | 5.5% | ||
| Q4 24 | 14.8% | — | ||
| Q3 24 | 8.7% | 12.9% | ||
| Q2 24 | 8.6% | -30.2% | ||
| Q1 24 | 15.8% | -52.4% |
| Q4 25 | 4.9% | 6.3% | ||
| Q3 25 | 9.1% | 3.6% | ||
| Q2 25 | 5.0% | 1.8% | ||
| Q1 25 | 13.8% | 8.2% | ||
| Q4 24 | 9.7% | — | ||
| Q3 24 | 4.6% | 5.9% | ||
| Q2 24 | 4.5% | -24.3% | ||
| Q1 24 | 10.6% | -35.1% |
| Q4 25 | $0.19 | $0.11 | ||
| Q3 25 | $0.26 | $0.08 | ||
| Q2 25 | $0.14 | $0.04 | ||
| Q1 25 | $0.49 | $0.24 | ||
| Q4 24 | $0.29 | — | ||
| Q3 24 | $0.13 | $0.24 | ||
| Q2 24 | $0.11 | $-1.21 | ||
| Q1 24 | $0.31 | $-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 | $13.4M | $255.9M |
| Total DebtLower is stronger | $378.2M | — |
| Stockholders' EquityBook value | $517.1M | $-127.4M |
| Total Assets | $1.3B | $797.6M |
| Debt / EquityLower = less leverage | 0.73× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $255.9M | ||
| Q3 25 | $12.7M | $185.5M | ||
| Q2 25 | $2.9M | $145.0M | ||
| Q1 25 | $11.3M | $111.2M | ||
| Q4 24 | $10.2M | $407.4M | ||
| Q3 24 | $12.0M | $335.1M | ||
| Q2 24 | $23.1M | $185.3M | ||
| Q1 24 | $22.8M | $156.7M |
| Q4 25 | $378.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $448.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $517.1M | $-127.4M | ||
| Q3 25 | $502.1M | $-302.4M | ||
| Q2 25 | $481.9M | $-318.4M | ||
| Q1 25 | $479.9M | $-323.1M | ||
| Q4 24 | $448.9M | $-421.4M | ||
| Q3 24 | $425.4M | $-360.8M | ||
| Q2 24 | $418.0M | $-283.0M | ||
| Q1 24 | $409.0M | $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 | $1.3B | $876.8M | ||
| Q3 24 | $1.1B | $810.9M | ||
| Q2 24 | $1.1B | $645.5M | ||
| Q1 24 | $1.1B | $583.6M |
| Q4 25 | 0.73× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $79.7M | $34.8M |
| Free Cash FlowOCF − Capex | $50.3M | $30.5M |
| FCF MarginFCF / Revenue | 19.6% | 13.9% |
| Capex IntensityCapex / Revenue | 11.5% | 2.0% |
| Cash ConversionOCF / Net Profit | 6.31× | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $99.5M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $79.7M | $34.8M | ||
| Q3 25 | $49.2M | $59.2M | ||
| Q2 25 | $56.9M | $56.1M | ||
| Q1 25 | $60.9M | $-176.5M | ||
| Q4 24 | $-13.5M | $223.4M | ||
| Q3 24 | $26.8M | $200.3M | ||
| Q2 24 | $18.4M | $90.0M | ||
| Q1 24 | $38.4M | $-206.3M |
| Q4 25 | $50.3M | $30.5M | ||
| Q3 25 | $13.2M | $57.6M | ||
| Q2 25 | $-3.7M | $55.3M | ||
| Q1 25 | $39.6M | $-177.6M | ||
| Q4 24 | $-36.1M | $207.0M | ||
| Q3 24 | $-11.5M | $199.3M | ||
| Q2 24 | $-34.0M | $83.7M | ||
| Q1 24 | $26.5M | $-214.8M |
| Q4 25 | 19.6% | 13.9% | ||
| Q3 25 | 6.8% | 35.0% | ||
| Q2 25 | -1.9% | 35.6% | ||
| Q1 25 | 16.3% | -83.8% | ||
| Q4 24 | -17.8% | 91.7% | ||
| Q3 24 | -6.0% | 71.6% | ||
| Q2 24 | -20.0% | 30.8% | ||
| Q1 24 | 13.4% | -210.3% |
| Q4 25 | 11.5% | 2.0% | ||
| Q3 25 | 18.4% | 0.9% | ||
| Q2 25 | 31.3% | 0.5% | ||
| Q1 25 | 8.7% | 0.5% | ||
| Q4 24 | 11.2% | 7.3% | ||
| Q3 24 | 20.0% | 0.4% | ||
| Q2 24 | 30.8% | 2.3% | ||
| Q1 24 | 6.0% | 8.3% |
| Q4 25 | 6.31× | 2.52× | ||
| Q3 25 | 2.77× | 9.85× | ||
| Q2 25 | 5.87× | 20.50× | ||
| Q1 25 | 1.82× | -10.18× | ||
| Q4 24 | -0.69× | — | ||
| Q3 24 | 3.02× | 12.23× | ||
| Q2 24 | 2.39× | — | ||
| Q1 24 | 1.83× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
