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Side-by-side financial comparison of Perella Weinberg Partners (PWP) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.
Perella Weinberg Partners is the larger business by last-quarter revenue ($219.2M vs $212.2M, roughly 1.0× LiveRamp Holdings, Inc.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs 6.3%, a 12.5% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs -2.9%). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs 11.1%).
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.
LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.
PWP vs RAMP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $219.2M | $212.2M |
| Net Profit | $13.8M | $39.9M |
| Gross Margin | — | 71.9% |
| Operating Margin | 8.5% | 18.6% |
| Net Margin | 6.3% | 18.8% |
| Revenue YoY | -2.9% | 8.6% |
| Net Profit YoY | — | 255.7% |
| EPS (diluted) | $0.11 | $0.62 |
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 | $219.2M | $212.2M | ||
| Q3 25 | $164.6M | $199.8M | ||
| Q2 25 | $155.3M | $194.8M | ||
| Q1 25 | $211.8M | $188.7M | ||
| Q4 24 | $225.7M | $195.4M | ||
| Q3 24 | $278.2M | $185.5M | ||
| Q2 24 | $272.0M | $176.0M | ||
| Q1 24 | $102.1M | $171.9M |
| Q4 25 | $13.8M | $39.9M | ||
| Q3 25 | $6.0M | $27.4M | ||
| Q2 25 | $2.7M | $7.7M | ||
| Q1 25 | $17.3M | $-6.3M | ||
| Q4 24 | — | $11.2M | ||
| Q3 24 | $16.4M | $1.7M | ||
| Q2 24 | $-66.0M | $-7.5M | ||
| Q1 24 | $-35.8M | $-5.4M |
| Q4 25 | — | 71.9% | ||
| Q3 25 | — | 70.2% | ||
| Q2 25 | — | 70.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | 71.9% | ||
| Q3 24 | — | 72.4% | ||
| Q2 24 | — | 70.6% | ||
| Q1 24 | — | 72.2% |
| Q4 25 | 8.5% | 18.6% | ||
| Q3 25 | 5.4% | 10.7% | ||
| Q2 25 | 5.8% | 3.7% | ||
| Q1 25 | 5.5% | -6.1% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | 12.9% | 4.0% | ||
| Q2 24 | -30.2% | -3.0% | ||
| Q1 24 | -52.4% | -8.3% |
| Q4 25 | 6.3% | 18.8% | ||
| Q3 25 | 3.6% | 13.7% | ||
| Q2 25 | 1.8% | 4.0% | ||
| Q1 25 | 8.2% | -3.3% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | 5.9% | 0.9% | ||
| Q2 24 | -24.3% | -4.3% | ||
| Q1 24 | -35.1% | -3.1% |
| Q4 25 | $0.11 | $0.62 | ||
| Q3 25 | $0.08 | $0.42 | ||
| Q2 25 | $0.04 | $0.12 | ||
| Q1 25 | $0.24 | $-0.10 | ||
| Q4 24 | — | $0.17 | ||
| Q3 24 | $0.24 | $0.03 | ||
| Q2 24 | $-1.21 | $-0.11 | ||
| Q1 24 | $-0.91 | $-0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $255.9M | $403.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-127.4M | $962.3M |
| Total Assets | $797.6M | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $255.9M | $403.4M | ||
| Q3 25 | $185.5M | $376.9M | ||
| Q2 25 | $145.0M | $371.1M | ||
| Q1 25 | $111.2M | $420.8M | ||
| Q4 24 | $407.4M | $384.3M | ||
| Q3 24 | $335.1M | $348.4M | ||
| Q2 24 | $185.3M | $342.7M | ||
| Q1 24 | $156.7M | $368.9M |
| Q4 25 | $-127.4M | $962.3M | ||
| Q3 25 | $-302.4M | $943.8M | ||
| Q2 25 | $-318.4M | $947.8M | ||
| Q1 25 | $-323.1M | $948.9M | ||
| Q4 24 | $-421.4M | $957.7M | ||
| Q3 24 | $-360.8M | $932.1M | ||
| Q2 24 | $-283.0M | $951.9M | ||
| Q1 24 | $161.9M | $949.1M |
| Q4 25 | $797.6M | $1.3B | ||
| Q3 25 | $650.2M | $1.2B | ||
| Q2 25 | $606.7M | $1.2B | ||
| Q1 25 | $570.5M | $1.3B | ||
| Q4 24 | $876.8M | $1.3B | ||
| Q3 24 | $810.9M | $1.2B | ||
| Q2 24 | $645.5M | $1.2B | ||
| Q1 24 | $583.6M | $1.2B |
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 | $34.8M | — |
| Free Cash FlowOCF − Capex | $30.5M | — |
| FCF MarginFCF / Revenue | 13.9% | — |
| Capex IntensityCapex / Revenue | 2.0% | 0.1% |
| Cash ConversionOCF / Net Profit | 2.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-34.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.8M | — | ||
| Q3 25 | $59.2M | $57.4M | ||
| Q2 25 | $56.1M | $-15.8M | ||
| Q1 25 | $-176.5M | — | ||
| Q4 24 | $223.4M | $45.1M | ||
| Q3 24 | $200.3M | $55.6M | ||
| Q2 24 | $90.0M | $-9.3M | ||
| Q1 24 | $-206.3M | — |
| Q4 25 | $30.5M | — | ||
| Q3 25 | $57.6M | $56.8M | ||
| Q2 25 | $55.3M | $-16.2M | ||
| Q1 25 | $-177.6M | — | ||
| Q4 24 | $207.0M | $44.8M | ||
| Q3 24 | $199.3M | $55.4M | ||
| Q2 24 | $83.7M | $-9.6M | ||
| Q1 24 | $-214.8M | — |
| Q4 25 | 13.9% | — | ||
| Q3 25 | 35.0% | 28.4% | ||
| Q2 25 | 35.6% | -8.3% | ||
| Q1 25 | -83.8% | — | ||
| Q4 24 | 91.7% | 22.9% | ||
| Q3 24 | 71.6% | 29.8% | ||
| Q2 24 | 30.8% | -5.4% | ||
| Q1 24 | -210.3% | — |
| Q4 25 | 2.0% | 0.1% | ||
| Q3 25 | 0.9% | 0.3% | ||
| Q2 25 | 0.5% | 0.2% | ||
| Q1 25 | 0.5% | 0.2% | ||
| Q4 24 | 7.3% | 0.1% | ||
| Q3 24 | 0.4% | 0.1% | ||
| Q2 24 | 2.3% | 0.1% | ||
| Q1 24 | 8.3% | 1.0% |
| Q4 25 | 2.52× | — | ||
| Q3 25 | 9.85× | 2.09× | ||
| Q2 25 | 20.50× | -2.04× | ||
| Q1 25 | -10.18× | — | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | 12.23× | 32.10× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
