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Side-by-side financial comparison of Mistras Group, Inc. (MG) 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 $181.5M, roughly 1.2× Mistras Group, Inc.). Perella Weinberg Partners runs the higher net margin — 6.3% vs 2.1%, a 4.2% gap on every dollar of revenue. On growth, Mistras Group, Inc. posted the faster year-over-year revenue change (5.1% vs -2.9%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $26.0M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs -0.8%).
Mistras Group, Inc. is a global provider of asset integrity and protection solutions, offering non-destructive testing, inspection, real-time monitoring, and engineering consulting services. Its key client segments include oil and gas, aerospace, power generation, and manufacturing industries, with operations spanning North America, Europe, and Asia-Pacific, helping clients enhance operational safety, extend asset lifespans, and minimize unplanned downtime.
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.
MG vs PWP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.5M | $219.2M |
| Net Profit | $3.8M | $13.8M |
| Gross Margin | 28.4% | — |
| Operating Margin | 7.0% | 8.5% |
| Net Margin | 2.1% | 6.3% |
| Revenue YoY | 5.1% | -2.9% |
| Net Profit YoY | -27.4% | — |
| EPS (diluted) | $0.12 | $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.
| Q4 25 | $181.5M | $219.2M | ||
| Q3 25 | $195.5M | $164.6M | ||
| Q2 25 | $185.4M | $155.3M | ||
| Q1 25 | $161.6M | $211.8M | ||
| Q4 24 | $172.7M | $225.7M | ||
| Q3 24 | $182.7M | $278.2M | ||
| Q2 24 | $189.8M | $272.0M | ||
| Q1 24 | $184.4M | $102.1M |
| Q4 25 | $3.8M | $13.8M | ||
| Q3 25 | $13.1M | $6.0M | ||
| Q2 25 | $3.0M | $2.7M | ||
| Q1 25 | $-3.2M | $17.3M | ||
| Q4 24 | $5.2M | — | ||
| Q3 24 | $6.4M | $16.4M | ||
| Q2 24 | $6.4M | $-66.0M | ||
| Q1 24 | $995.0K | $-35.8M |
| Q4 25 | 28.4% | — | ||
| Q3 25 | 29.8% | — | ||
| Q2 25 | 29.1% | — | ||
| Q1 25 | 25.3% | — | ||
| Q4 24 | 26.5% | — | ||
| Q3 24 | 26.8% | — | ||
| Q2 24 | 27.1% | — | ||
| Q1 24 | 25.0% | — |
| Q4 25 | 7.0% | 8.5% | ||
| Q3 25 | 10.4% | 5.4% | ||
| Q2 25 | 4.5% | 5.8% | ||
| Q1 25 | -0.6% | 5.5% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 6.5% | 12.9% | ||
| Q2 24 | 6.3% | -30.2% | ||
| Q1 24 | 3.0% | -52.4% |
| Q4 25 | 2.1% | 6.3% | ||
| Q3 25 | 6.7% | 3.6% | ||
| Q2 25 | 1.6% | 1.8% | ||
| Q1 25 | -2.0% | 8.2% | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 3.5% | 5.9% | ||
| Q2 24 | 3.4% | -24.3% | ||
| Q1 24 | 0.5% | -35.1% |
| Q4 25 | $0.12 | $0.11 | ||
| Q3 25 | $0.41 | $0.08 | ||
| Q2 25 | $0.10 | $0.04 | ||
| Q1 25 | $-0.10 | $0.24 | ||
| Q4 24 | $0.17 | — | ||
| Q3 24 | $0.20 | $0.24 | ||
| Q2 24 | $0.20 | $-1.21 | ||
| Q1 24 | $0.03 | $-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 | $28.0M | $255.9M |
| Total DebtLower is stronger | $178.0M | — |
| Stockholders' EquityBook value | $235.1M | $-127.4M |
| Total Assets | $578.8M | $797.6M |
| Debt / EquityLower = less leverage | 0.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.0M | $255.9M | ||
| Q3 25 | $27.8M | $185.5M | ||
| Q2 25 | $20.0M | $145.0M | ||
| Q1 25 | $18.5M | $111.2M | ||
| Q4 24 | $18.3M | $407.4M | ||
| Q3 24 | $20.4M | $335.1M | ||
| Q2 24 | $17.2M | $185.3M | ||
| Q1 24 | $16.9M | $156.7M |
| Q4 25 | $178.0M | — | ||
| Q3 25 | $202.3M | — | ||
| Q2 25 | $189.4M | — | ||
| Q1 25 | $171.9M | — | ||
| Q4 24 | $169.6M | — | ||
| Q3 24 | $189.7M | — | ||
| Q2 24 | $199.7M | — | ||
| Q1 24 | $198.4M | — |
| Q4 25 | $235.1M | $-127.4M | ||
| Q3 25 | $227.4M | $-302.4M | ||
| Q2 25 | $215.8M | $-318.4M | ||
| Q1 25 | $198.7M | $-323.1M | ||
| Q4 24 | $198.6M | $-421.4M | ||
| Q3 24 | $205.2M | $-360.8M | ||
| Q2 24 | $193.2M | $-283.0M | ||
| Q1 24 | $187.1M | $161.9M |
| Q4 25 | $578.8M | $797.6M | ||
| Q3 25 | $596.3M | $650.2M | ||
| Q2 25 | $571.0M | $606.7M | ||
| Q1 25 | $526.8M | $570.5M | ||
| Q4 24 | $523.0M | $876.8M | ||
| Q3 24 | $551.7M | $810.9M | ||
| Q2 24 | $548.1M | $645.5M | ||
| Q1 24 | $542.1M | $583.6M |
| Q4 25 | 0.76× | — | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | 0.85× | — | ||
| Q3 24 | 0.92× | — | ||
| Q2 24 | 1.03× | — | ||
| Q1 24 | 1.06× | — |
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 | $32.1M | $34.8M |
| Free Cash FlowOCF − Capex | $26.0M | $30.5M |
| FCF MarginFCF / Revenue | 14.3% | 13.9% |
| Capex IntensityCapex / Revenue | 3.4% | 2.0% |
| Cash ConversionOCF / Net Profit | 8.55× | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $8.3M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.1M | $34.8M | ||
| Q3 25 | $4.5M | $59.2M | ||
| Q2 25 | $-9.3M | $56.1M | ||
| Q1 25 | $5.6M | $-176.5M | ||
| Q4 24 | $25.7M | $223.4M | ||
| Q3 24 | $19.4M | $200.3M | ||
| Q2 24 | $4.5M | $90.0M | ||
| Q1 24 | $604.0K | $-206.3M |
| Q4 25 | $26.0M | $30.5M | ||
| Q3 25 | $-4.1M | $57.6M | ||
| Q2 25 | $-14.7M | $55.3M | ||
| Q1 25 | $1.1M | $-177.6M | ||
| Q4 24 | $22.1M | $207.0M | ||
| Q3 24 | $14.6M | $199.3M | ||
| Q2 24 | $-284.0K | $83.7M | ||
| Q1 24 | $-4.2M | $-214.8M |
| Q4 25 | 14.3% | 13.9% | ||
| Q3 25 | -2.1% | 35.0% | ||
| Q2 25 | -7.9% | 35.6% | ||
| Q1 25 | 0.7% | -83.8% | ||
| Q4 24 | 12.8% | 91.7% | ||
| Q3 24 | 8.0% | 71.6% | ||
| Q2 24 | -0.1% | 30.8% | ||
| Q1 24 | -2.3% | -210.3% |
| Q4 25 | 3.4% | 2.0% | ||
| Q3 25 | 4.4% | 0.9% | ||
| Q2 25 | 2.9% | 0.5% | ||
| Q1 25 | 2.8% | 0.5% | ||
| Q4 24 | 2.1% | 7.3% | ||
| Q3 24 | 2.6% | 0.4% | ||
| Q2 24 | 2.5% | 2.3% | ||
| Q1 24 | 2.6% | 8.3% |
| Q4 25 | 8.55× | 2.52× | ||
| Q3 25 | 0.34× | 9.85× | ||
| Q2 25 | -3.07× | 20.50× | ||
| Q1 25 | — | -10.18× | ||
| Q4 24 | 4.96× | — | ||
| Q3 24 | 3.02× | 12.23× | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.61× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
