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Side-by-side financial comparison of Navios Maritime Partners L.P. (NMM) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.

Navios Maritime Partners L.P. is the larger business by last-quarter revenue ($327.6M vs $219.2M, roughly 1.5× Perella Weinberg Partners). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs 6.3%, a 15.1% gap on every dollar of revenue. On growth, Perella Weinberg Partners posted the faster year-over-year revenue change (-2.9% vs -4.3%).

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

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.

NMM vs PWP — Head-to-Head

Bigger by revenue
NMM
NMM
1.5× larger
NMM
$327.6M
$219.2M
PWP
Growing faster (revenue YoY)
PWP
PWP
+1.4% gap
PWP
-2.9%
-4.3%
NMM
Higher net margin
NMM
NMM
15.1% more per $
NMM
21.4%
6.3%
PWP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NMM
NMM
PWP
PWP
Revenue
$327.6M
$219.2M
Net Profit
$69.9M
$13.8M
Gross Margin
90.5%
Operating Margin
8.5%
Net Margin
21.4%
6.3%
Revenue YoY
-4.3%
-2.9%
Net Profit YoY
-31.1%
EPS (diluted)
$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.

Revenue
NMM
NMM
PWP
PWP
Q4 25
$219.2M
Q3 25
$164.6M
Q2 25
$327.6M
$155.3M
Q1 25
$211.8M
Q4 24
$225.7M
Q3 24
$278.2M
Q2 24
$342.2M
$272.0M
Q1 24
$102.1M
Net Profit
NMM
NMM
PWP
PWP
Q4 25
$13.8M
Q3 25
$6.0M
Q2 25
$69.9M
$2.7M
Q1 25
$17.3M
Q4 24
Q3 24
$16.4M
Q2 24
$101.5M
$-66.0M
Q1 24
$-35.8M
Gross Margin
NMM
NMM
PWP
PWP
Q4 25
Q3 25
Q2 25
90.5%
Q1 25
Q4 24
Q3 24
Q2 24
88.3%
Q1 24
Operating Margin
NMM
NMM
PWP
PWP
Q4 25
8.5%
Q3 25
5.4%
Q2 25
5.8%
Q1 25
5.5%
Q4 24
Q3 24
12.9%
Q2 24
-30.2%
Q1 24
-52.4%
Net Margin
NMM
NMM
PWP
PWP
Q4 25
6.3%
Q3 25
3.6%
Q2 25
21.4%
1.8%
Q1 25
8.2%
Q4 24
Q3 24
5.9%
Q2 24
29.7%
-24.3%
Q1 24
-35.1%
EPS (diluted)
NMM
NMM
PWP
PWP
Q4 25
$0.11
Q3 25
$0.08
Q2 25
$0.04
Q1 25
$0.24
Q4 24
Q3 24
$0.24
Q2 24
$-1.21
Q1 24
$-0.91

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NMM
NMM
PWP
PWP
Cash + ST InvestmentsLiquidity on hand
$377.0M
$255.9M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$-127.4M
Total Assets
$5.9B
$797.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NMM
NMM
PWP
PWP
Q4 25
$255.9M
Q3 25
$185.5M
Q2 25
$377.0M
$145.0M
Q1 25
$111.2M
Q4 24
$407.4M
Q3 24
$335.1M
Q2 24
$272.0M
$185.3M
Q1 24
$156.7M
Total Debt
NMM
NMM
PWP
PWP
Q4 25
Q3 25
Q2 25
$2.0B
Q1 25
Q4 24
Q3 24
Q2 24
$1.4B
Q1 24
Stockholders' Equity
NMM
NMM
PWP
PWP
Q4 25
$-127.4M
Q3 25
$-302.4M
Q2 25
$-318.4M
Q1 25
$-323.1M
Q4 24
$-421.4M
Q3 24
$-360.8M
Q2 24
$-283.0M
Q1 24
$161.9M
Total Assets
NMM
NMM
PWP
PWP
Q4 25
$797.6M
Q3 25
$650.2M
Q2 25
$5.9B
$606.7M
Q1 25
$570.5M
Q4 24
$876.8M
Q3 24
$810.9M
Q2 24
$5.3B
$645.5M
Q1 24
$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
NMM
NMM
PWP
PWP
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.

Operating Cash Flow
NMM
NMM
PWP
PWP
Q4 25
$34.8M
Q3 25
$59.2M
Q2 25
$56.1M
Q1 25
$-176.5M
Q4 24
$223.4M
Q3 24
$200.3M
Q2 24
$90.0M
Q1 24
$-206.3M
Free Cash Flow
NMM
NMM
PWP
PWP
Q4 25
$30.5M
Q3 25
$57.6M
Q2 25
$55.3M
Q1 25
$-177.6M
Q4 24
$207.0M
Q3 24
$199.3M
Q2 24
$83.7M
Q1 24
$-214.8M
FCF Margin
NMM
NMM
PWP
PWP
Q4 25
13.9%
Q3 25
35.0%
Q2 25
35.6%
Q1 25
-83.8%
Q4 24
91.7%
Q3 24
71.6%
Q2 24
30.8%
Q1 24
-210.3%
Capex Intensity
NMM
NMM
PWP
PWP
Q4 25
2.0%
Q3 25
0.9%
Q2 25
0.5%
Q1 25
0.5%
Q4 24
7.3%
Q3 24
0.4%
Q2 24
2.3%
Q1 24
8.3%
Cash Conversion
NMM
NMM
PWP
PWP
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.

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