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Side-by-side financial comparison of Perella Weinberg Partners (PWP) and Stoke Therapeutics, Inc. (STOK). Click either name above to swap in a different company.

Perella Weinberg Partners is the larger business by last-quarter revenue ($219.2M vs $158.6M, roughly 1.4× Stoke Therapeutics, Inc.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs 6.3%, a 64.9% gap on every dollar of revenue. On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs -2.9%). Stoke Therapeutics, Inc. produced more free cash flow last quarter ($131.7M vs $30.5M).

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.

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

PWP vs STOK — Head-to-Head

Bigger by revenue
PWP
PWP
1.4× larger
PWP
$219.2M
$158.6M
STOK
Growing faster (revenue YoY)
STOK
STOK
+3664.0% gap
STOK
3661.1%
-2.9%
PWP
Higher net margin
STOK
STOK
64.9% more per $
STOK
71.2%
6.3%
PWP
More free cash flow
STOK
STOK
$101.2M more FCF
STOK
$131.7M
$30.5M
PWP

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
PWP
PWP
STOK
STOK
Revenue
$219.2M
$158.6M
Net Profit
$13.8M
$112.9M
Gross Margin
Operating Margin
8.5%
70.2%
Net Margin
6.3%
71.2%
Revenue YoY
-2.9%
3661.1%
Net Profit YoY
528.0%
EPS (diluted)
$0.11
$1.90

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
PWP
PWP
STOK
STOK
Q4 25
$219.2M
Q3 25
$164.6M
Q2 25
$155.3M
Q1 25
$211.8M
$158.6M
Q4 24
$225.7M
$22.6M
Q3 24
$278.2M
Q2 24
$272.0M
Q1 24
$102.1M
Net Profit
PWP
PWP
STOK
STOK
Q4 25
$13.8M
Q3 25
$6.0M
Q2 25
$2.7M
Q1 25
$17.3M
$112.9M
Q4 24
$-10.5M
Q3 24
$16.4M
Q2 24
$-66.0M
Q1 24
$-35.8M
Operating Margin
PWP
PWP
STOK
STOK
Q4 25
8.5%
Q3 25
5.4%
Q2 25
5.8%
Q1 25
5.5%
70.2%
Q4 24
-60.4%
Q3 24
12.9%
Q2 24
-30.2%
Q1 24
-52.4%
Net Margin
PWP
PWP
STOK
STOK
Q4 25
6.3%
Q3 25
3.6%
Q2 25
1.8%
Q1 25
8.2%
71.2%
Q4 24
-46.4%
Q3 24
5.9%
Q2 24
-24.3%
Q1 24
-35.1%
EPS (diluted)
PWP
PWP
STOK
STOK
Q4 25
$0.11
Q3 25
$0.08
Q2 25
$0.04
Q1 25
$0.24
$1.90
Q4 24
$-0.15
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
PWP
PWP
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$255.9M
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$-127.4M
$350.1M
Total Assets
$797.6M
$406.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PWP
PWP
STOK
STOK
Q4 25
$255.9M
Q3 25
$185.5M
Q2 25
$145.0M
Q1 25
$111.2M
$274.8M
Q4 24
$407.4M
$128.0M
Q3 24
$335.1M
Q2 24
$185.3M
Q1 24
$156.7M
Stockholders' Equity
PWP
PWP
STOK
STOK
Q4 25
$-127.4M
Q3 25
$-302.4M
Q2 25
$-318.4M
Q1 25
$-323.1M
$350.1M
Q4 24
$-421.4M
$229.0M
Q3 24
$-360.8M
Q2 24
$-283.0M
Q1 24
$161.9M
Total Assets
PWP
PWP
STOK
STOK
Q4 25
$797.6M
Q3 25
$650.2M
Q2 25
$606.7M
Q1 25
$570.5M
$406.9M
Q4 24
$876.8M
$271.6M
Q3 24
$810.9M
Q2 24
$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
PWP
PWP
STOK
STOK
Operating Cash FlowLast quarter
$34.8M
$131.8M
Free Cash FlowOCF − Capex
$30.5M
$131.7M
FCF MarginFCF / Revenue
13.9%
83.0%
Capex IntensityCapex / Revenue
2.0%
0.1%
Cash ConversionOCF / Net Profit
2.52×
1.17×
TTM Free Cash FlowTrailing 4 quarters
$-34.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PWP
PWP
STOK
STOK
Q4 25
$34.8M
Q3 25
$59.2M
Q2 25
$56.1M
Q1 25
$-176.5M
$131.8M
Q4 24
$223.4M
$-23.2M
Q3 24
$200.3M
Q2 24
$90.0M
Q1 24
$-206.3M
Free Cash Flow
PWP
PWP
STOK
STOK
Q4 25
$30.5M
Q3 25
$57.6M
Q2 25
$55.3M
Q1 25
$-177.6M
$131.7M
Q4 24
$207.0M
$-23.2M
Q3 24
$199.3M
Q2 24
$83.7M
Q1 24
$-214.8M
FCF Margin
PWP
PWP
STOK
STOK
Q4 25
13.9%
Q3 25
35.0%
Q2 25
35.6%
Q1 25
-83.8%
83.0%
Q4 24
91.7%
-102.7%
Q3 24
71.6%
Q2 24
30.8%
Q1 24
-210.3%
Capex Intensity
PWP
PWP
STOK
STOK
Q4 25
2.0%
Q3 25
0.9%
Q2 25
0.5%
Q1 25
0.5%
0.1%
Q4 24
7.3%
0.2%
Q3 24
0.4%
Q2 24
2.3%
Q1 24
8.3%
Cash Conversion
PWP
PWP
STOK
STOK
Q4 25
2.52×
Q3 25
9.85×
Q2 25
20.50×
Q1 25
-10.18×
1.17×
Q4 24
Q3 24
12.23×
Q2 24
Q1 24

Financial Flow Comparison

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

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