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Side-by-side financial comparison of ONESPAWORLD HOLDINGS Ltd (OSW) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $219.2M, roughly 1.1× Perella Weinberg Partners). Perella Weinberg Partners runs the higher net margin — 6.3% vs 5.0%, a 1.3% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs -2.9%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $14.9M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs 7.1%).
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.
OSW vs PWP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $242.1M | $219.2M |
| Net Profit | $12.1M | $13.8M |
| Gross Margin | — | — |
| Operating Margin | 6.8% | 8.5% |
| Net Margin | 5.0% | 6.3% |
| Revenue YoY | 11.5% | -2.9% |
| Net Profit YoY | -16.2% | — |
| 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 | $242.1M | $219.2M | ||
| Q3 25 | $258.5M | $164.6M | ||
| Q2 25 | $240.7M | $155.3M | ||
| Q1 25 | $219.6M | $211.8M | ||
| Q4 24 | $217.2M | $225.7M | ||
| Q3 24 | $241.7M | $278.2M | ||
| Q2 24 | $224.9M | $272.0M | ||
| Q1 24 | $211.2M | $102.1M |
| Q4 25 | $12.1M | $13.8M | ||
| Q3 25 | $24.3M | $6.0M | ||
| Q2 25 | $19.9M | $2.7M | ||
| Q1 25 | $15.3M | $17.3M | ||
| Q4 24 | $14.4M | — | ||
| Q3 24 | $21.6M | $16.4M | ||
| Q2 24 | $15.8M | $-66.0M | ||
| Q1 24 | $21.2M | $-35.8M |
| Q4 25 | 6.8% | 8.5% | ||
| Q3 25 | 10.2% | 5.4% | ||
| Q2 25 | 9.2% | 5.8% | ||
| Q1 25 | 7.7% | 5.5% | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | 10.3% | 12.9% | ||
| Q2 24 | 8.4% | -30.2% | ||
| Q1 24 | 8.0% | -52.4% |
| Q4 25 | 5.0% | 6.3% | ||
| Q3 25 | 9.4% | 3.6% | ||
| Q2 25 | 8.3% | 1.8% | ||
| Q1 25 | 7.0% | 8.2% | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 8.9% | 5.9% | ||
| Q2 24 | 7.0% | -24.3% | ||
| Q1 24 | 10.0% | -35.1% |
| Q4 25 | $0.12 | $0.11 | ||
| Q3 25 | $0.23 | $0.08 | ||
| Q2 25 | $0.19 | $0.04 | ||
| Q1 25 | $0.15 | $0.24 | ||
| Q4 24 | $0.13 | — | ||
| Q3 24 | $0.20 | $0.24 | ||
| Q2 24 | $0.15 | $-1.21 | ||
| Q1 24 | $0.21 | $-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 | $16.3M | $255.9M |
| Total DebtLower is stronger | $84.0M | — |
| Stockholders' EquityBook value | $542.6M | $-127.4M |
| Total Assets | $707.1M | $797.6M |
| Debt / EquityLower = less leverage | 0.15× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.3M | $255.9M | ||
| Q3 25 | $29.6M | $185.5M | ||
| Q2 25 | $35.0M | $145.0M | ||
| Q1 25 | $22.6M | $111.2M | ||
| Q4 24 | $57.4M | $407.4M | ||
| Q3 24 | $48.8M | $335.1M | ||
| Q2 24 | $62.5M | $185.3M | ||
| Q1 24 | $65.4M | $156.7M |
| Q4 25 | $84.0M | — | ||
| Q3 25 | $85.2M | — | ||
| Q2 25 | $96.2M | — | ||
| Q1 25 | $97.4M | — | ||
| Q4 24 | $98.6M | — | ||
| Q3 24 | $98.7M | — | ||
| Q2 24 | $123.8M | — | ||
| Q1 24 | $138.6M | — |
| Q4 25 | $542.6M | $-127.4M | ||
| Q3 25 | $552.8M | $-302.4M | ||
| Q2 25 | $548.3M | $-318.4M | ||
| Q1 25 | $530.6M | $-323.1M | ||
| Q4 24 | $554.5M | $-421.4M | ||
| Q3 24 | $540.1M | $-360.8M | ||
| Q2 24 | $532.7M | $-283.0M | ||
| Q1 24 | $515.5M | $161.9M |
| Q4 25 | $707.1M | $797.6M | ||
| Q3 25 | $732.6M | $650.2M | ||
| Q2 25 | $731.8M | $606.7M | ||
| Q1 25 | $708.7M | $570.5M | ||
| Q4 24 | $746.4M | $876.8M | ||
| Q3 24 | $734.0M | $810.9M | ||
| Q2 24 | $756.8M | $645.5M | ||
| Q1 24 | $763.6M | $583.6M |
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.23× | — | ||
| Q1 24 | 0.27× | — |
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 | $20.0M | $34.8M |
| Free Cash FlowOCF − Capex | $14.9M | $30.5M |
| FCF MarginFCF / Revenue | 6.2% | 13.9% |
| Capex IntensityCapex / Revenue | 2.1% | 2.0% |
| Cash ConversionOCF / Net Profit | 1.65× | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $68.4M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.0M | $34.8M | ||
| Q3 25 | $33.2M | $59.2M | ||
| Q2 25 | $20.3M | $56.1M | ||
| Q1 25 | $10.1M | $-176.5M | ||
| Q4 24 | $16.6M | $223.4M | ||
| Q3 24 | $28.6M | $200.3M | ||
| Q2 24 | $18.7M | $90.0M | ||
| Q1 24 | $15.0M | $-206.3M |
| Q4 25 | $14.9M | $30.5M | ||
| Q3 25 | $27.6M | $57.6M | ||
| Q2 25 | $17.6M | $55.3M | ||
| Q1 25 | $8.4M | $-177.6M | ||
| Q4 24 | $13.2M | $207.0M | ||
| Q3 24 | $27.5M | $199.3M | ||
| Q2 24 | $17.6M | $83.7M | ||
| Q1 24 | $13.7M | $-214.8M |
| Q4 25 | 6.2% | 13.9% | ||
| Q3 25 | 10.7% | 35.0% | ||
| Q2 25 | 7.3% | 35.6% | ||
| Q1 25 | 3.8% | -83.8% | ||
| Q4 24 | 6.1% | 91.7% | ||
| Q3 24 | 11.4% | 71.6% | ||
| Q2 24 | 7.8% | 30.8% | ||
| Q1 24 | 6.5% | -210.3% |
| Q4 25 | 2.1% | 2.0% | ||
| Q3 25 | 2.2% | 0.9% | ||
| Q2 25 | 1.1% | 0.5% | ||
| Q1 25 | 0.8% | 0.5% | ||
| Q4 24 | 1.5% | 7.3% | ||
| Q3 24 | 0.5% | 0.4% | ||
| Q2 24 | 0.5% | 2.3% | ||
| Q1 24 | 0.6% | 8.3% |
| Q4 25 | 1.65× | 2.52× | ||
| Q3 25 | 1.36× | 9.85× | ||
| Q2 25 | 1.02× | 20.50× | ||
| Q1 25 | 0.66× | -10.18× | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.33× | 12.23× | ||
| Q2 24 | 1.19× | — | ||
| Q1 24 | 0.71× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
PWP
Segment breakdown not available.
