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Side-by-side financial comparison of Navigator Holdings Ltd. (NVGS) 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 $129.6M, roughly 1.7× Navigator Holdings Ltd.). Navigator Holdings Ltd. runs the higher net margin — 16.5% vs 6.3%, a 10.3% gap on every dollar of revenue. On growth, Perella Weinberg Partners posted the faster year-over-year revenue change (-2.9% vs -11.6%).

Navigator Holdings Ltd. is a global maritime transport firm specializing in liquefied gas carrier operations. It offers seaborne transport for liquefied petroleum gas, ammonia, ethylene and other specialty liquefied gases, serving clients across the global energy, petrochemical and industrial manufacturing sectors.

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.

NVGS vs PWP — Head-to-Head

Bigger by revenue
PWP
PWP
1.7× larger
PWP
$219.2M
$129.6M
NVGS
Growing faster (revenue YoY)
PWP
PWP
+8.7% gap
PWP
-2.9%
-11.6%
NVGS
Higher net margin
NVGS
NVGS
10.3% more per $
NVGS
16.5%
6.3%
PWP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NVGS
NVGS
PWP
PWP
Revenue
$129.6M
$219.2M
Net Profit
$21.5M
$13.8M
Gross Margin
Operating Margin
15.8%
8.5%
Net Margin
16.5%
6.3%
Revenue YoY
-11.6%
-2.9%
Net Profit YoY
-7.7%
EPS (diluted)
$0.31
$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
NVGS
NVGS
PWP
PWP
Q4 25
$219.2M
Q3 25
$164.6M
Q2 25
$129.6M
$155.3M
Q1 25
$211.8M
Q4 24
$225.7M
Q3 24
$278.2M
Q2 24
$146.7M
$272.0M
Q1 24
$102.1M
Net Profit
NVGS
NVGS
PWP
PWP
Q4 25
$13.8M
Q3 25
$6.0M
Q2 25
$21.5M
$2.7M
Q1 25
$17.3M
Q4 24
Q3 24
$16.4M
Q2 24
$23.2M
$-66.0M
Q1 24
$-35.8M
Operating Margin
NVGS
NVGS
PWP
PWP
Q4 25
8.5%
Q3 25
5.4%
Q2 25
15.8%
5.8%
Q1 25
5.5%
Q4 24
Q3 24
12.9%
Q2 24
26.9%
-30.2%
Q1 24
-52.4%
Net Margin
NVGS
NVGS
PWP
PWP
Q4 25
6.3%
Q3 25
3.6%
Q2 25
16.5%
1.8%
Q1 25
8.2%
Q4 24
Q3 24
5.9%
Q2 24
15.8%
-24.3%
Q1 24
-35.1%
EPS (diluted)
NVGS
NVGS
PWP
PWP
Q4 25
$0.11
Q3 25
$0.08
Q2 25
$0.31
$0.04
Q1 25
$0.24
Q4 24
Q3 24
$0.24
Q2 24
$0.32
$-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
NVGS
NVGS
PWP
PWP
Cash + ST InvestmentsLiquidity on hand
$238.1M
$255.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$-127.4M
Total Assets
$2.4B
$797.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVGS
NVGS
PWP
PWP
Q4 25
$255.9M
Q3 25
$185.5M
Q2 25
$238.1M
$145.0M
Q1 25
$111.2M
Q4 24
$407.4M
Q3 24
$335.1M
Q2 24
$185.3M
Q1 24
$156.7M
Stockholders' Equity
NVGS
NVGS
PWP
PWP
Q4 25
$-127.4M
Q3 25
$-302.4M
Q2 25
$1.2B
$-318.4M
Q1 25
$-323.1M
Q4 24
$-421.4M
Q3 24
$-360.8M
Q2 24
$1.2B
$-283.0M
Q1 24
$161.9M
Total Assets
NVGS
NVGS
PWP
PWP
Q4 25
$797.6M
Q3 25
$650.2M
Q2 25
$2.4B
$606.7M
Q1 25
$570.5M
Q4 24
$876.8M
Q3 24
$810.9M
Q2 24
$2.1B
$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
NVGS
NVGS
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
NVGS
NVGS
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
NVGS
NVGS
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
NVGS
NVGS
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
NVGS
NVGS
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
NVGS
NVGS
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.

Revenue Breakdown by Segment

NVGS
NVGS

Time Charters$91.5M71%
Voyage Charters$25.7M20%
Other$12.4M10%

PWP
PWP

Segment breakdown not available.

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