vs
Side-by-side financial comparison of Perella Weinberg Partners (PWP) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $219.2M, roughly 1.5× Perella Weinberg Partners). Perella Weinberg Partners runs the higher net margin — 6.3% vs -18.0%, a 24.3% gap on every dollar of revenue. On growth, Perella Weinberg Partners posted the faster year-over-year revenue change (-2.9% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $30.5M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs -4.6%).
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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
PWP vs WH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $219.2M | $334.0M |
| Net Profit | $13.8M | $-60.0M |
| Gross Margin | — | — |
| Operating Margin | 8.5% | — |
| Net Margin | 6.3% | -18.0% |
| Revenue YoY | -2.9% | -76.3% |
| Net Profit YoY | — | -170.6% |
| EPS (diluted) | $0.11 | $-0.80 |
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.
| Q1 26 | — | $334.0M | ||
| Q4 25 | $219.2M | $334.0M | ||
| Q3 25 | $164.6M | $382.0M | ||
| Q2 25 | $155.3M | $397.0M | ||
| Q1 25 | $211.8M | $316.0M | ||
| Q4 24 | $225.7M | $336.0M | ||
| Q3 24 | $278.2M | $396.0M | ||
| Q2 24 | $272.0M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $13.8M | $-60.0M | ||
| Q3 25 | $6.0M | $105.0M | ||
| Q2 25 | $2.7M | $87.0M | ||
| Q1 25 | $17.3M | $61.0M | ||
| Q4 24 | — | $85.0M | ||
| Q3 24 | $16.4M | $102.0M | ||
| Q2 24 | $-66.0M | $86.0M |
| Q1 26 | — | — | ||
| Q4 25 | 8.5% | -11.4% | ||
| Q3 25 | 5.4% | 46.6% | ||
| Q2 25 | 5.8% | 37.8% | ||
| Q1 25 | 5.5% | 35.4% | ||
| Q4 24 | — | 38.4% | ||
| Q3 24 | 12.9% | 43.2% | ||
| Q2 24 | -30.2% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | 6.3% | -18.0% | ||
| Q3 25 | 3.6% | 27.5% | ||
| Q2 25 | 1.8% | 21.9% | ||
| Q1 25 | 8.2% | 19.3% | ||
| Q4 24 | — | 25.3% | ||
| Q3 24 | 5.9% | 25.8% | ||
| Q2 24 | -24.3% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $0.11 | $-0.77 | ||
| Q3 25 | $0.08 | $1.36 | ||
| Q2 25 | $0.04 | $1.13 | ||
| Q1 25 | $0.24 | $0.78 | ||
| Q4 24 | — | $1.06 | ||
| Q3 24 | $0.24 | $1.29 | ||
| Q2 24 | $-1.21 | $1.07 |
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 | $64.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-127.4M | $468.0M |
| Total Assets | $797.6M | $4.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | $255.9M | $64.0M | ||
| Q3 25 | $185.5M | $70.0M | ||
| Q2 25 | $145.0M | $50.0M | ||
| Q1 25 | $111.2M | $48.0M | ||
| Q4 24 | $407.4M | $103.0M | ||
| Q3 24 | $335.1M | $72.0M | ||
| Q2 24 | $185.3M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | $-127.4M | $468.0M | ||
| Q3 25 | $-302.4M | $583.0M | ||
| Q2 25 | $-318.4M | $570.0M | ||
| Q1 25 | $-323.1M | $579.0M | ||
| Q4 24 | $-421.4M | $650.0M | ||
| Q3 24 | $-360.8M | $583.0M | ||
| Q2 24 | $-283.0M | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $797.6M | $4.2B | ||
| Q3 25 | $650.2M | $4.3B | ||
| Q2 25 | $606.7M | $4.3B | ||
| Q1 25 | $570.5M | $4.2B | ||
| Q4 24 | $876.8M | $4.2B | ||
| Q3 24 | $810.9M | $4.2B | ||
| Q2 24 | $645.5M | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.37× | ||
| Q3 25 | — | 4.43× | ||
| Q2 25 | — | 4.44× | ||
| Q1 25 | — | 4.29× | ||
| Q4 24 | — | 3.72× | ||
| Q3 24 | — | 4.19× | ||
| Q2 24 | — | 3.83× |
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 | $367.0M |
| Free Cash FlowOCF − Capex | $30.5M | $168.0M |
| FCF MarginFCF / Revenue | 13.9% | 50.3% |
| Capex IntensityCapex / Revenue | 2.0% | — |
| Cash ConversionOCF / Net Profit | 2.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-34.1M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $34.8M | $152.0M | ||
| Q3 25 | $59.2M | $86.0M | ||
| Q2 25 | $56.1M | $70.0M | ||
| Q1 25 | $-176.5M | $59.0M | ||
| Q4 24 | $223.4M | $134.0M | ||
| Q3 24 | $200.3M | $79.0M | ||
| Q2 24 | $90.0M | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | $30.5M | $136.0M | ||
| Q3 25 | $57.6M | $75.0M | ||
| Q2 25 | $55.3M | $58.0M | ||
| Q1 25 | $-177.6M | $52.0M | ||
| Q4 24 | $207.0M | $109.0M | ||
| Q3 24 | $199.3M | $71.0M | ||
| Q2 24 | $83.7M | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | 13.9% | 40.7% | ||
| Q3 25 | 35.0% | 19.6% | ||
| Q2 25 | 35.6% | 14.6% | ||
| Q1 25 | -83.8% | 16.5% | ||
| Q4 24 | 91.7% | 32.4% | ||
| Q3 24 | 71.6% | 17.9% | ||
| Q2 24 | 30.8% | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 4.8% | ||
| Q3 25 | 0.9% | 2.9% | ||
| Q2 25 | 0.5% | 3.0% | ||
| Q1 25 | 0.5% | 2.2% | ||
| Q4 24 | 7.3% | 7.4% | ||
| Q3 24 | 0.4% | 2.0% | ||
| Q2 24 | 2.3% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.52× | — | ||
| Q3 25 | 9.85× | 0.82× | ||
| Q2 25 | 20.50× | 0.80× | ||
| Q1 25 | -10.18× | 0.97× | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | 12.23× | 0.77× | ||
| Q2 24 | — | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PWP
Segment breakdown not available.
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
