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Side-by-side financial comparison of Orion Group Holdings Inc (ORN) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.

Orion Group Holdings Inc is the larger business by last-quarter revenue ($233.2M vs $219.2M, roughly 1.1× Perella Weinberg Partners). Perella Weinberg Partners runs the higher net margin — 6.3% vs -0.1%, a 6.4% gap on every dollar of revenue. On growth, Orion Group Holdings Inc posted the faster year-over-year revenue change (7.5% vs -2.9%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $454.0K). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs 20.5%).

Orion Corporation, founded in 1917 and headquartered at Espoo, Finland, is a globally operating Finnish company which develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients for global markets. All of the company's manufacturing sites and the majority of its R&D units are in Finland.

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.

ORN vs PWP — Head-to-Head

Bigger by revenue
ORN
ORN
1.1× larger
ORN
$233.2M
$219.2M
PWP
Growing faster (revenue YoY)
ORN
ORN
+10.4% gap
ORN
7.5%
-2.9%
PWP
Higher net margin
PWP
PWP
6.4% more per $
PWP
6.3%
-0.1%
ORN
More free cash flow
PWP
PWP
$30.0M more FCF
PWP
$30.5M
$454.0K
ORN
Faster 2-yr revenue CAGR
PWP
PWP
Annualised
PWP
46.5%
20.5%
ORN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ORN
ORN
PWP
PWP
Revenue
$233.2M
$219.2M
Net Profit
$-240.0K
$13.8M
Gross Margin
11.6%
Operating Margin
2.2%
8.5%
Net Margin
-0.1%
6.3%
Revenue YoY
7.5%
-2.9%
Net Profit YoY
-103.6%
EPS (diluted)
$-0.00
$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
ORN
ORN
PWP
PWP
Q4 25
$233.2M
$219.2M
Q3 25
$225.1M
$164.6M
Q2 25
$205.3M
$155.3M
Q1 25
$188.7M
$211.8M
Q4 24
$216.9M
$225.7M
Q3 24
$226.7M
$278.2M
Q2 24
$192.2M
$272.0M
Q1 24
$160.7M
$102.1M
Net Profit
ORN
ORN
PWP
PWP
Q4 25
$-240.0K
$13.8M
Q3 25
$3.3M
$6.0M
Q2 25
$841.0K
$2.7M
Q1 25
$-1.4M
$17.3M
Q4 24
$6.8M
Q3 24
$4.3M
$16.4M
Q2 24
$-6.6M
$-66.0M
Q1 24
$-6.1M
$-35.8M
Gross Margin
ORN
ORN
PWP
PWP
Q4 25
11.6%
Q3 25
13.2%
Q2 25
12.6%
Q1 25
12.2%
Q4 24
14.0%
Q3 24
11.9%
Q2 24
9.5%
Q1 24
9.7%
Operating Margin
ORN
ORN
PWP
PWP
Q4 25
2.2%
8.5%
Q3 25
2.4%
5.4%
Q2 25
1.7%
5.8%
Q1 25
0.4%
5.5%
Q4 24
4.4%
Q3 24
3.4%
12.9%
Q2 24
-1.4%
-30.2%
Q1 24
-1.9%
-52.4%
Net Margin
ORN
ORN
PWP
PWP
Q4 25
-0.1%
6.3%
Q3 25
1.5%
3.6%
Q2 25
0.4%
1.8%
Q1 25
-0.7%
8.2%
Q4 24
3.1%
Q3 24
1.9%
5.9%
Q2 24
-3.4%
-24.3%
Q1 24
-3.8%
-35.1%
EPS (diluted)
ORN
ORN
PWP
PWP
Q4 25
$-0.00
$0.11
Q3 25
$0.08
$0.08
Q2 25
$0.02
$0.04
Q1 25
$-0.04
$0.24
Q4 24
$0.22
Q3 24
$0.12
$0.24
Q2 24
$-0.20
$-1.21
Q1 24
$-0.19
$-0.91

Balance Sheet & Financial Strength

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

Metric
ORN
ORN
PWP
PWP
Cash + ST InvestmentsLiquidity on hand
$1.6M
$255.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$159.0M
$-127.4M
Total Assets
$414.7M
$797.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ORN
ORN
PWP
PWP
Q4 25
$1.6M
$255.9M
Q3 25
$4.9M
$185.5M
Q2 25
$1.7M
$145.0M
Q1 25
$13.0M
$111.2M
Q4 24
$28.3M
$407.4M
Q3 24
$28.3M
$335.1M
Q2 24
$4.8M
$185.3M
Q1 24
$4.6M
$156.7M
Total Debt
ORN
ORN
PWP
PWP
Q4 25
Q3 25
Q2 25
$33.4M
Q1 25
$23.3M
Q4 24
$23.2M
Q3 24
$28.0M
Q2 24
$60.3M
Q1 24
$37.5M
Stockholders' Equity
ORN
ORN
PWP
PWP
Q4 25
$159.0M
$-127.4M
Q3 25
$157.9M
$-302.4M
Q2 25
$153.2M
$-318.4M
Q1 25
$150.8M
$-323.1M
Q4 24
$150.7M
$-421.4M
Q3 24
$142.4M
$-360.8M
Q2 24
$111.1M
$-283.0M
Q1 24
$116.1M
$161.9M
Total Assets
ORN
ORN
PWP
PWP
Q4 25
$414.7M
$797.6M
Q3 25
$422.4M
$650.2M
Q2 25
$432.7M
$606.7M
Q1 25
$416.3M
$570.5M
Q4 24
$417.3M
$876.8M
Q3 24
$430.3M
$810.9M
Q2 24
$414.0M
$645.5M
Q1 24
$363.6M
$583.6M
Debt / Equity
ORN
ORN
PWP
PWP
Q4 25
Q3 25
Q2 25
0.22×
Q1 25
0.15×
Q4 24
0.15×
Q3 24
0.20×
Q2 24
0.54×
Q1 24
0.32×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ORN
ORN
PWP
PWP
Operating Cash FlowLast quarter
$13.8M
$34.8M
Free Cash FlowOCF − Capex
$454.0K
$30.5M
FCF MarginFCF / Revenue
0.2%
13.9%
Capex IntensityCapex / Revenue
5.7%
2.0%
Cash ConversionOCF / Net Profit
2.52×
TTM Free Cash FlowTrailing 4 quarters
$-10.8M
$-34.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ORN
ORN
PWP
PWP
Q4 25
$13.8M
$34.8M
Q3 25
$23.3M
$59.2M
Q2 25
$-5.6M
$56.1M
Q1 25
$-3.4M
$-176.5M
Q4 24
$13.4M
$223.4M
Q3 24
$37.5M
$200.3M
Q2 24
$-15.3M
$90.0M
Q1 24
$-22.8M
$-206.3M
Free Cash Flow
ORN
ORN
PWP
PWP
Q4 25
$454.0K
$30.5M
Q3 25
$13.9M
$57.6M
Q2 25
$-12.7M
$55.3M
Q1 25
$-12.5M
$-177.6M
Q4 24
$9.9M
$207.0M
Q3 24
$33.3M
$199.3M
Q2 24
$-20.0M
$83.7M
Q1 24
$-24.7M
$-214.8M
FCF Margin
ORN
ORN
PWP
PWP
Q4 25
0.2%
13.9%
Q3 25
6.2%
35.0%
Q2 25
-6.2%
35.6%
Q1 25
-6.6%
-83.8%
Q4 24
4.6%
91.7%
Q3 24
14.7%
71.6%
Q2 24
-10.4%
30.8%
Q1 24
-15.4%
-210.3%
Capex Intensity
ORN
ORN
PWP
PWP
Q4 25
5.7%
2.0%
Q3 25
4.2%
0.9%
Q2 25
3.5%
0.5%
Q1 25
4.8%
0.5%
Q4 24
1.6%
7.3%
Q3 24
1.8%
0.4%
Q2 24
2.4%
2.3%
Q1 24
1.2%
8.3%
Cash Conversion
ORN
ORN
PWP
PWP
Q4 25
2.52×
Q3 25
7.05×
9.85×
Q2 25
-6.61×
20.50×
Q1 25
-10.18×
Q4 24
1.98×
Q3 24
8.79×
12.23×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ORN
ORN

Construction$117.0M50%
Light Commercial$85.8M37%
Dredging$18.1M8%
Structural$8.0M3%
Specialty Services$4.3M2%

PWP
PWP

Segment breakdown not available.

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