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Side-by-side financial comparison of Perella Weinberg Partners (PWP) and TripAdvisor, Inc. (TRIP). Click either name above to swap in a different company.
TripAdvisor, Inc. is the larger business by last-quarter revenue ($411.0M vs $219.2M, roughly 1.9× Perella Weinberg Partners). Perella Weinberg Partners runs the higher net margin — 6.3% vs -9.2%, a 15.5% gap on every dollar of revenue. On growth, TripAdvisor, Inc. posted the faster year-over-year revenue change (0.0% vs -2.9%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $-122.0M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs 2.0%).
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.
Tripadvisor is an American company that operates online travel agencies, comparison shopping websites, and mobile apps with user-generated content.
PWP vs TRIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.2M | $411.0M |
| Net Profit | $13.8M | $-38.0M |
| Gross Margin | — | 91.5% |
| Operating Margin | 8.5% | -8.3% |
| Net Margin | 6.3% | -9.2% |
| Revenue YoY | -2.9% | 0.0% |
| Net Profit YoY | — | -3900.0% |
| EPS (diluted) | $0.11 | $-0.32 |
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 | $411.0M | ||
| Q3 25 | $164.6M | $553.0M | ||
| Q2 25 | $155.3M | $529.0M | ||
| Q1 25 | $211.8M | $398.0M | ||
| Q4 24 | $225.7M | $411.0M | ||
| Q3 24 | $278.2M | $532.0M | ||
| Q2 24 | $272.0M | $497.0M | ||
| Q1 24 | $102.1M | $395.0M |
| Q4 25 | $13.8M | $-38.0M | ||
| Q3 25 | $6.0M | $53.0M | ||
| Q2 25 | $2.7M | $36.0M | ||
| Q1 25 | $17.3M | $-11.0M | ||
| Q4 24 | — | $1.0M | ||
| Q3 24 | $16.4M | $39.0M | ||
| Q2 24 | $-66.0M | $24.0M | ||
| Q1 24 | $-35.8M | $-59.0M |
| Q4 25 | — | 91.5% | ||
| Q3 25 | — | 92.6% | ||
| Q2 25 | — | 92.1% | ||
| Q1 25 | — | 93.2% | ||
| Q4 24 | — | 93.4% | ||
| Q3 24 | — | 92.5% | ||
| Q2 24 | — | 92.8% | ||
| Q1 24 | — | 93.7% |
| Q4 25 | 8.5% | -8.3% | ||
| Q3 25 | 5.4% | 12.7% | ||
| Q2 25 | 5.8% | 11.2% | ||
| Q1 25 | 5.5% | -3.8% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 12.9% | 13.2% | ||
| Q2 24 | -30.2% | 7.2% | ||
| Q1 24 | -52.4% | -3.8% |
| Q4 25 | 6.3% | -9.2% | ||
| Q3 25 | 3.6% | 9.6% | ||
| Q2 25 | 1.8% | 6.8% | ||
| Q1 25 | 8.2% | -2.8% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 5.9% | 7.3% | ||
| Q2 24 | -24.3% | 4.8% | ||
| Q1 24 | -35.1% | -14.9% |
| Q4 25 | $0.11 | $-0.32 | ||
| Q3 25 | $0.08 | $0.43 | ||
| Q2 25 | $0.04 | $0.28 | ||
| Q1 25 | $0.24 | $-0.08 | ||
| Q4 24 | — | $0.03 | ||
| Q3 24 | $0.24 | $0.27 | ||
| Q2 24 | $-1.21 | $0.17 | ||
| Q1 24 | $-0.91 | $-0.43 |
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 | $1.0B |
| Total DebtLower is stronger | — | $819.0M |
| Stockholders' EquityBook value | $-127.4M | $645.0M |
| Total Assets | $797.6M | $2.6B |
| Debt / EquityLower = less leverage | — | 1.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $255.9M | $1.0B | ||
| Q3 25 | $185.5M | $1.2B | ||
| Q2 25 | $145.0M | $1.2B | ||
| Q1 25 | $111.2M | $1.2B | ||
| Q4 24 | $407.4M | $1.1B | ||
| Q3 24 | $335.1M | $1.1B | ||
| Q2 24 | $185.3M | $1.2B | ||
| Q1 24 | $156.7M | $1.2B |
| Q4 25 | — | $819.0M | ||
| Q3 25 | — | $821.0M | ||
| Q2 25 | — | $822.0M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $831.0M | ||
| Q3 24 | — | $832.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-127.4M | $645.0M | ||
| Q3 25 | $-302.4M | $707.0M | ||
| Q2 25 | $-318.4M | $627.0M | ||
| Q1 25 | $-323.1M | $643.0M | ||
| Q4 24 | $-421.4M | $943.0M | ||
| Q3 24 | $-360.8M | $944.0M | ||
| Q2 24 | $-283.0M | $857.0M | ||
| Q1 24 | $161.9M | $825.0M |
| Q4 25 | $797.6M | $2.6B | ||
| Q3 25 | $650.2M | $2.8B | ||
| Q2 25 | $606.7M | $2.9B | ||
| Q1 25 | $570.5M | $2.8B | ||
| Q4 24 | $876.8M | $2.6B | ||
| Q3 24 | $810.9M | $2.7B | ||
| Q2 24 | $645.5M | $2.8B | ||
| Q1 24 | $583.6M | $2.7B |
| Q4 25 | — | 1.27× | ||
| Q3 25 | — | 1.16× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.88× | ||
| 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 | $34.8M | $-103.0M |
| Free Cash FlowOCF − Capex | $30.5M | $-122.0M |
| FCF MarginFCF / Revenue | 13.9% | -29.7% |
| Capex IntensityCapex / Revenue | 2.0% | 4.6% |
| Cash ConversionOCF / Net Profit | 2.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-34.1M | $163.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.8M | $-103.0M | ||
| Q3 25 | $59.2M | $44.0M | ||
| Q2 25 | $56.1M | $202.0M | ||
| Q1 25 | $-176.5M | $102.0M | ||
| Q4 24 | $223.4M | $-3.0M | ||
| Q3 24 | $200.3M | $-43.0M | ||
| Q2 24 | $90.0M | $51.0M | ||
| Q1 24 | $-206.3M | $139.0M |
| Q4 25 | $30.5M | $-122.0M | ||
| Q3 25 | $57.6M | $25.0M | ||
| Q2 25 | $55.3M | $177.0M | ||
| Q1 25 | $-177.6M | $83.0M | ||
| Q4 24 | $207.0M | $-26.0M | ||
| Q3 24 | $199.3M | $-63.0M | ||
| Q2 24 | $83.7M | $36.0M | ||
| Q1 24 | $-214.8M | $123.0M |
| Q4 25 | 13.9% | -29.7% | ||
| Q3 25 | 35.0% | 4.5% | ||
| Q2 25 | 35.6% | 33.5% | ||
| Q1 25 | -83.8% | 20.9% | ||
| Q4 24 | 91.7% | -6.3% | ||
| Q3 24 | 71.6% | -11.8% | ||
| Q2 24 | 30.8% | 7.2% | ||
| Q1 24 | -210.3% | 31.1% |
| Q4 25 | 2.0% | 4.6% | ||
| Q3 25 | 0.9% | 3.4% | ||
| Q2 25 | 0.5% | 4.7% | ||
| Q1 25 | 0.5% | 4.8% | ||
| Q4 24 | 7.3% | 5.6% | ||
| Q3 24 | 0.4% | 3.8% | ||
| Q2 24 | 2.3% | 3.0% | ||
| Q1 24 | 8.3% | 4.1% |
| Q4 25 | 2.52× | — | ||
| Q3 25 | 9.85× | 0.83× | ||
| Q2 25 | 20.50× | 5.61× | ||
| Q1 25 | -10.18× | — | ||
| Q4 24 | — | -3.00× | ||
| Q3 24 | 12.23× | -1.10× | ||
| Q2 24 | — | 2.13× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PWP
Segment breakdown not available.
TRIP
| Third Party | $327.0M | 80% |
| The Fork | $58.0M | 14% |
| Other | $26.0M | 6% |
