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Side-by-side financial comparison of ICF International, Inc. (ICFI) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
ICF International, Inc. is the larger business by last-quarter revenue ($437.5M vs $219.2M, roughly 2.0× Perella Weinberg Partners). Perella Weinberg Partners runs the higher net margin — 6.3% vs 4.7%, a 1.6% gap on every dollar of revenue. On growth, Perella Weinberg Partners posted the faster year-over-year revenue change (-2.9% vs -10.3%). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs -7.6%).
ICF International, Inc. is an American publicly traded consulting and technology services company based in Reston, Virginia.
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.
ICFI vs PWP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $437.5M | $219.2M |
| Net Profit | $20.5M | $13.8M |
| Gross Margin | — | — |
| Operating Margin | 8.0% | 8.5% |
| Net Margin | 4.7% | 6.3% |
| Revenue YoY | -10.3% | -2.9% |
| Net Profit YoY | -23.6% | — |
| EPS (diluted) | $1.12 | $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.
| Q1 26 | $437.5M | — | ||
| Q4 25 | $443.7M | $219.2M | ||
| Q3 25 | $465.4M | $164.6M | ||
| Q2 25 | $476.2M | $155.3M | ||
| Q1 25 | $487.6M | $211.8M | ||
| Q4 24 | $496.3M | $225.7M | ||
| Q3 24 | $517.0M | $278.2M | ||
| Q2 24 | $512.0M | $272.0M |
| Q1 26 | $20.5M | — | ||
| Q4 25 | $17.3M | $13.8M | ||
| Q3 25 | $23.8M | $6.0M | ||
| Q2 25 | $23.7M | $2.7M | ||
| Q1 25 | $26.9M | $17.3M | ||
| Q4 24 | $24.6M | — | ||
| Q3 24 | $32.7M | $16.4M | ||
| Q2 24 | $25.6M | $-66.0M |
| Q1 26 | — | — | ||
| Q4 25 | 35.7% | — | ||
| Q3 25 | 37.6% | — | ||
| Q2 25 | 37.3% | — | ||
| Q1 25 | 38.0% | — | ||
| Q4 24 | 36.1% | — | ||
| Q3 24 | 37.1% | — | ||
| Q2 24 | 35.7% | — |
| Q1 26 | 8.0% | — | ||
| Q4 25 | 6.5% | 8.5% | ||
| Q3 25 | 8.3% | 5.4% | ||
| Q2 25 | 8.4% | 5.8% | ||
| Q1 25 | 7.9% | 5.5% | ||
| Q4 24 | 7.3% | — | ||
| Q3 24 | 8.9% | 12.9% | ||
| Q2 24 | 8.3% | -30.2% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 3.9% | 6.3% | ||
| Q3 25 | 5.1% | 3.6% | ||
| Q2 25 | 5.0% | 1.8% | ||
| Q1 25 | 5.5% | 8.2% | ||
| Q4 24 | 4.9% | — | ||
| Q3 24 | 6.3% | 5.9% | ||
| Q2 24 | 5.0% | -24.3% |
| Q1 26 | $1.12 | — | ||
| Q4 25 | $0.95 | $0.11 | ||
| Q3 25 | $1.28 | $0.08 | ||
| Q2 25 | $1.28 | $0.04 | ||
| Q1 25 | $1.44 | $0.24 | ||
| Q4 24 | $1.29 | — | ||
| Q3 24 | $1.73 | $0.24 | ||
| Q2 24 | $1.36 | $-1.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.9M | $255.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $-127.4M |
| Total Assets | $2.1B | $797.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.9M | — | ||
| Q4 25 | $5.3M | $255.9M | ||
| Q3 25 | $4.0M | $185.5M | ||
| Q2 25 | $7.0M | $145.0M | ||
| Q1 25 | $5.7M | $111.2M | ||
| Q4 24 | $5.0M | $407.4M | ||
| Q3 24 | $6.9M | $335.1M | ||
| Q2 24 | $4.1M | $185.3M |
| Q1 26 | — | — | ||
| Q4 25 | $401.4M | — | ||
| Q3 25 | $449.4M | — | ||
| Q2 25 | $462.3M | — | ||
| Q1 25 | $502.0M | — | ||
| Q4 24 | $411.7M | — | ||
| Q3 24 | $419.1M | — | ||
| Q2 24 | $433.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $-127.4M | ||
| Q3 25 | $1.0B | $-302.4M | ||
| Q2 25 | $1.0B | $-318.4M | ||
| Q1 25 | $968.9M | $-323.1M | ||
| Q4 24 | $982.5M | $-421.4M | ||
| Q3 24 | $976.3M | $-360.8M | ||
| Q2 24 | $943.3M | $-283.0M |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $797.6M | ||
| Q3 25 | $2.1B | $650.2M | ||
| Q2 25 | $2.1B | $606.7M | ||
| Q1 25 | $2.1B | $570.5M | ||
| Q4 24 | $2.1B | $876.8M | ||
| Q3 24 | $2.0B | $810.9M | ||
| Q2 24 | $2.0B | $645.5M |
| Q1 26 | — | — | ||
| Q4 25 | 0.39× | — | ||
| Q3 25 | 0.44× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | 0.42× | — | ||
| Q3 24 | 0.43× | — | ||
| Q2 24 | 0.46× | — |
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 | — | $34.8M |
| Free Cash FlowOCF − Capex | — | $30.5M |
| FCF MarginFCF / Revenue | — | 13.9% |
| Capex IntensityCapex / Revenue | — | 2.0% |
| Cash ConversionOCF / Net Profit | — | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $75.6M | $34.8M | ||
| Q3 25 | $47.3M | $59.2M | ||
| Q2 25 | $52.0M | $56.1M | ||
| Q1 25 | $-33.0M | $-176.5M | ||
| Q4 24 | $95.4M | $223.4M | ||
| Q3 24 | $25.5M | $200.3M | ||
| Q2 24 | $60.6M | $90.0M |
| Q1 26 | — | — | ||
| Q4 25 | $68.7M | $30.5M | ||
| Q3 25 | $41.8M | $57.6M | ||
| Q2 25 | $46.2M | $55.3M | ||
| Q1 25 | $-36.5M | $-177.6M | ||
| Q4 24 | $89.5M | $207.0M | ||
| Q3 24 | $20.4M | $199.3M | ||
| Q2 24 | $55.5M | $83.7M |
| Q1 26 | — | — | ||
| Q4 25 | 15.5% | 13.9% | ||
| Q3 25 | 9.0% | 35.0% | ||
| Q2 25 | 9.7% | 35.6% | ||
| Q1 25 | -7.5% | -83.8% | ||
| Q4 24 | 18.0% | 91.7% | ||
| Q3 24 | 3.9% | 71.6% | ||
| Q2 24 | 10.8% | 30.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 2.0% | ||
| Q3 25 | 1.2% | 0.9% | ||
| Q2 25 | 1.2% | 0.5% | ||
| Q1 25 | 0.7% | 0.5% | ||
| Q4 24 | 1.2% | 7.3% | ||
| Q3 24 | 1.0% | 0.4% | ||
| Q2 24 | 1.0% | 2.3% |
| Q1 26 | — | — | ||
| Q4 25 | 4.37× | 2.52× | ||
| Q3 25 | 1.99× | 9.85× | ||
| Q2 25 | 2.20× | 20.50× | ||
| Q1 25 | -1.23× | -10.18× | ||
| Q4 24 | 3.88× | — | ||
| Q3 24 | 0.78× | 12.23× | ||
| Q2 24 | 2.37× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
