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Side-by-side financial comparison of Perella Weinberg Partners (PWP) and Verisign (VRSN). Click either name above to swap in a different company.
Verisign is the larger business by last-quarter revenue ($425.3M vs $219.2M, roughly 1.9× Perella Weinberg Partners). Verisign runs the higher net margin — 48.5% vs 6.3%, a 42.2% gap on every dollar of revenue. On growth, Verisign posted the faster year-over-year revenue change (7.6% vs -2.9%). Verisign produced more free cash flow last quarter ($285.1M vs $30.5M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs 5.2%).
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.
Verisign, Inc. is an American company based in Reston, Virginia, that operates a diverse array of network infrastructure, including two of the Internet's thirteen root nameservers, the authoritative registry for the .com, .net, and .name generic top-level domains and the .cc country-code top-level domains, and the back-end systems for the .jobs and .edu sponsored top-level domains.
PWP vs VRSN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.2M | $425.3M |
| Net Profit | $13.8M | $206.2M |
| Gross Margin | — | 88.5% |
| Operating Margin | 8.5% | 67.0% |
| Net Margin | 6.3% | 48.5% |
| Revenue YoY | -2.9% | 7.6% |
| Net Profit YoY | — | 7.7% |
| EPS (diluted) | $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 | $219.2M | $425.3M | ||
| Q3 25 | $164.6M | $419.1M | ||
| Q2 25 | $155.3M | $409.9M | ||
| Q1 25 | $211.8M | $402.3M | ||
| Q4 24 | $225.7M | $395.4M | ||
| Q3 24 | $278.2M | $390.6M | ||
| Q2 24 | $272.0M | $387.1M | ||
| Q1 24 | $102.1M | $384.3M |
| Q4 25 | $13.8M | $206.2M | ||
| Q3 25 | $6.0M | $212.8M | ||
| Q2 25 | $2.7M | $207.4M | ||
| Q1 25 | $17.3M | $199.3M | ||
| Q4 24 | — | $191.5M | ||
| Q3 24 | $16.4M | $201.3M | ||
| Q2 24 | $-66.0M | $198.8M | ||
| Q1 24 | $-35.8M | $194.1M |
| Q4 25 | — | 88.5% | ||
| Q3 25 | — | 88.4% | ||
| Q2 25 | — | 88.0% | ||
| Q1 25 | — | 87.7% | ||
| Q4 24 | — | 87.8% | ||
| Q3 24 | — | 88.0% | ||
| Q2 24 | — | 87.8% | ||
| Q1 24 | — | 87.2% |
| Q4 25 | 8.5% | 67.0% | ||
| Q3 25 | 5.4% | 67.8% | ||
| Q2 25 | 5.8% | 68.5% | ||
| Q1 25 | 5.5% | 67.4% | ||
| Q4 24 | — | 66.7% | ||
| Q3 24 | 12.9% | 68.9% | ||
| Q2 24 | -30.2% | 68.8% | ||
| Q1 24 | -52.4% | 67.4% |
| Q4 25 | 6.3% | 48.5% | ||
| Q3 25 | 3.6% | 50.8% | ||
| Q2 25 | 1.8% | 50.6% | ||
| Q1 25 | 8.2% | 49.5% | ||
| Q4 24 | — | 48.4% | ||
| Q3 24 | 5.9% | 51.5% | ||
| Q2 24 | -24.3% | 51.4% | ||
| Q1 24 | -35.1% | 50.5% |
| Q4 25 | $0.11 | — | ||
| Q3 25 | $0.08 | — | ||
| Q2 25 | $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 | $255.9M | $580.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-127.4M | $-2.2B |
| Total Assets | $797.6M | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $255.9M | $580.5M | ||
| Q3 25 | $185.5M | $617.7M | ||
| Q2 25 | $145.0M | $593.8M | ||
| Q1 25 | $111.2M | $648.5M | ||
| Q4 24 | $407.4M | $599.9M | ||
| Q3 24 | $335.1M | $644.9M | ||
| Q2 24 | $185.3M | $689.9M | ||
| Q1 24 | $156.7M | $924.7M |
| Q4 25 | $-127.4M | $-2.2B | ||
| Q3 25 | $-302.4M | $-2.1B | ||
| Q2 25 | $-318.4M | $-2.0B | ||
| Q1 25 | $-323.1M | $-2.0B | ||
| Q4 24 | $-421.4M | $-2.0B | ||
| Q3 24 | $-360.8M | $-1.9B | ||
| Q2 24 | $-283.0M | $-1.8B | ||
| Q1 24 | $161.9M | $-1.6B |
| Q4 25 | $797.6M | $1.3B | ||
| Q3 25 | $650.2M | $1.4B | ||
| Q2 25 | $606.7M | $1.4B | ||
| Q1 25 | $570.5M | $1.4B | ||
| Q4 24 | $876.8M | $1.4B | ||
| Q3 24 | $810.9M | $1.5B | ||
| Q2 24 | $645.5M | $1.5B | ||
| Q1 24 | $583.6M | $1.7B |
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 | $289.6M |
| Free Cash FlowOCF − Capex | $30.5M | $285.1M |
| FCF MarginFCF / Revenue | 13.9% | 67.0% |
| Capex IntensityCapex / Revenue | 2.0% | 1.1% |
| Cash ConversionOCF / Net Profit | 2.52× | 1.40× |
| TTM Free Cash FlowTrailing 4 quarters | $-34.1M | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.8M | $289.6M | ||
| Q3 25 | $59.2M | $307.7M | ||
| Q2 25 | $56.1M | $202.5M | ||
| Q1 25 | $-176.5M | $291.3M | ||
| Q4 24 | $223.4M | $231.5M | ||
| Q3 24 | $200.3M | $253.4M | ||
| Q2 24 | $90.0M | $160.4M | ||
| Q1 24 | $-206.3M | $257.3M |
| Q4 25 | $30.5M | $285.1M | ||
| Q3 25 | $57.6M | $303.0M | ||
| Q2 25 | $55.3M | $194.7M | ||
| Q1 25 | $-177.6M | $285.5M | ||
| Q4 24 | $207.0M | $222.0M | ||
| Q3 24 | $199.3M | $247.8M | ||
| Q2 24 | $83.7M | $151.2M | ||
| Q1 24 | $-214.8M | $253.5M |
| Q4 25 | 13.9% | 67.0% | ||
| Q3 25 | 35.0% | 72.3% | ||
| Q2 25 | 35.6% | 47.5% | ||
| Q1 25 | -83.8% | 71.0% | ||
| Q4 24 | 91.7% | 56.1% | ||
| Q3 24 | 71.6% | 63.4% | ||
| Q2 24 | 30.8% | 39.1% | ||
| Q1 24 | -210.3% | 66.0% |
| Q4 25 | 2.0% | 1.1% | ||
| Q3 25 | 0.9% | 1.1% | ||
| Q2 25 | 0.5% | 1.9% | ||
| Q1 25 | 0.5% | 1.4% | ||
| Q4 24 | 7.3% | 2.4% | ||
| Q3 24 | 0.4% | 1.4% | ||
| Q2 24 | 2.3% | 2.4% | ||
| Q1 24 | 8.3% | 1.0% |
| Q4 25 | 2.52× | 1.40× | ||
| Q3 25 | 9.85× | 1.45× | ||
| Q2 25 | 20.50× | 0.98× | ||
| Q1 25 | -10.18× | 1.46× | ||
| Q4 24 | — | 1.21× | ||
| Q3 24 | 12.23× | 1.26× | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | — | 1.33× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
