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Side-by-side financial comparison of Phreesia, Inc. (PHR) 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 $120.3M, roughly 1.8× Phreesia, Inc.). Perella Weinberg Partners runs the higher net margin — 6.3% vs 3.5%, a 2.7% gap on every dollar of revenue. On growth, Phreesia, Inc. posted the faster year-over-year revenue change (12.7% vs -2.9%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $12.2M).
Phreesia, Inc. is a software as a service company that offers healthcare organizations a set of applications to automate and manage patient intake.
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.
PHR vs PWP — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.3M | $219.2M |
| Net Profit | $4.3M | $13.8M |
| Gross Margin | — | — |
| Operating Margin | 3.1% | 8.5% |
| Net Margin | 3.5% | 6.3% |
| Revenue YoY | 12.7% | -2.9% |
| Net Profit YoY | 129.7% | — |
| EPS (diluted) | $0.07 | $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 | $120.3M | $219.2M | ||
| Q3 25 | $117.3M | $164.6M | ||
| Q2 25 | $115.9M | $155.3M | ||
| Q1 25 | — | $211.8M | ||
| Q4 24 | — | $225.7M | ||
| Q3 24 | — | $278.2M | ||
| Q2 24 | — | $272.0M | ||
| Q1 24 | — | $102.1M |
| Q4 25 | $4.3M | $13.8M | ||
| Q3 25 | $654.0K | $6.0M | ||
| Q2 25 | $-3.9M | $2.7M | ||
| Q1 25 | — | $17.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $16.4M | ||
| Q2 24 | — | $-66.0M | ||
| Q1 24 | — | $-35.8M |
| Q4 25 | 3.1% | 8.5% | ||
| Q3 25 | -1.3% | 5.4% | ||
| Q2 25 | -2.8% | 5.8% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 12.9% | ||
| Q2 24 | — | -30.2% | ||
| Q1 24 | — | -52.4% |
| Q4 25 | 3.5% | 6.3% | ||
| Q3 25 | 0.6% | 3.6% | ||
| Q2 25 | -3.4% | 1.8% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 5.9% | ||
| Q2 24 | — | -24.3% | ||
| Q1 24 | — | -35.1% |
| Q4 25 | $0.07 | $0.11 | ||
| Q3 25 | $0.01 | $0.08 | ||
| Q2 25 | $-0.07 | $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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $106.4M | $255.9M |
| Total DebtLower is stronger | $3.4M | — |
| Stockholders' EquityBook value | $320.3M | $-127.4M |
| Total Assets | $423.5M | $797.6M |
| Debt / EquityLower = less leverage | 0.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $106.4M | $255.9M | ||
| Q3 25 | $98.3M | $185.5M | ||
| Q2 25 | $90.9M | $145.0M | ||
| Q1 25 | — | $111.2M | ||
| Q4 24 | — | $407.4M | ||
| Q3 24 | — | $335.1M | ||
| Q2 24 | — | $185.3M | ||
| Q1 24 | — | $156.7M |
| Q4 25 | $3.4M | — | ||
| Q3 25 | $4.6M | — | ||
| Q2 25 | $6.2M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $320.3M | $-127.4M | ||
| Q3 25 | $298.0M | $-302.4M | ||
| Q2 25 | $282.2M | $-318.4M | ||
| Q1 25 | — | $-323.1M | ||
| Q4 24 | — | $-421.4M | ||
| Q3 24 | — | $-360.8M | ||
| Q2 24 | — | $-283.0M | ||
| Q1 24 | — | $161.9M |
| Q4 25 | $423.5M | $797.6M | ||
| Q3 25 | $408.6M | $650.2M | ||
| Q2 25 | $400.4M | $606.7M | ||
| Q1 25 | — | $570.5M | ||
| Q4 24 | — | $876.8M | ||
| Q3 24 | — | $810.9M | ||
| Q2 24 | — | $645.5M | ||
| Q1 24 | — | $583.6M |
| Q4 25 | 0.01× | — | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | 0.02× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $15.5M | $34.8M |
| Free Cash FlowOCF − Capex | $12.2M | $30.5M |
| FCF MarginFCF / Revenue | 10.1% | 13.9% |
| Capex IntensityCapex / Revenue | 2.7% | 2.0% |
| Cash ConversionOCF / Net Profit | 3.62× | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.5M | $34.8M | ||
| Q3 25 | $14.8M | $59.2M | ||
| Q2 25 | $14.8M | $56.1M | ||
| Q1 25 | — | $-176.5M | ||
| Q4 24 | — | $223.4M | ||
| Q3 24 | — | $200.3M | ||
| Q2 24 | — | $90.0M | ||
| Q1 24 | — | $-206.3M |
| Q4 25 | $12.2M | $30.5M | ||
| Q3 25 | $13.1M | $57.6M | ||
| Q2 25 | $11.3M | $55.3M | ||
| Q1 25 | — | $-177.6M | ||
| Q4 24 | — | $207.0M | ||
| Q3 24 | — | $199.3M | ||
| Q2 24 | — | $83.7M | ||
| Q1 24 | — | $-214.8M |
| Q4 25 | 10.1% | 13.9% | ||
| Q3 25 | 11.1% | 35.0% | ||
| Q2 25 | 9.8% | 35.6% | ||
| Q1 25 | — | -83.8% | ||
| Q4 24 | — | 91.7% | ||
| Q3 24 | — | 71.6% | ||
| Q2 24 | — | 30.8% | ||
| Q1 24 | — | -210.3% |
| Q4 25 | 2.7% | 2.0% | ||
| Q3 25 | 1.5% | 0.9% | ||
| Q2 25 | 3.0% | 0.5% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 8.3% |
| Q4 25 | 3.62× | 2.52× | ||
| Q3 25 | 22.68× | 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
PHR
| Subscription And Services | $55.5M | 46% |
| Network Solutions | $37.4M | 31% |
| Payment Processing Fees | $27.4M | 23% |
PWP
Segment breakdown not available.
