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Side-by-side financial comparison of Perella Weinberg Partners (PWP) and WORKIVA INC (WK). Click either name above to swap in a different company.
WORKIVA INC is the larger business by last-quarter revenue ($247.3M vs $219.2M, roughly 1.1× Perella Weinberg Partners). WORKIVA INC runs the higher net margin — 7.7% vs 6.3%, a 1.4% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.9% vs -2.9%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $25.7M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs 18.0%).
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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
PWP vs WK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $219.2M | $247.3M |
| Net Profit | $13.8M | $19.0M |
| Gross Margin | — | 80.4% |
| Operating Margin | 8.5% | 25.8% |
| Net Margin | 6.3% | 7.7% |
| Revenue YoY | -2.9% | 19.9% |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.11 | $0.33 |
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 | — | $247.3M | ||
| Q4 25 | $219.2M | $238.9M | ||
| Q3 25 | $164.6M | $224.2M | ||
| Q2 25 | $155.3M | $215.2M | ||
| Q1 25 | $211.8M | $206.3M | ||
| Q4 24 | $225.7M | $199.9M | ||
| Q3 24 | $278.2M | $185.6M | ||
| Q2 24 | $272.0M | $177.5M |
| Q1 26 | — | $19.0M | ||
| Q4 25 | $13.8M | $11.8M | ||
| Q3 25 | $6.0M | $2.8M | ||
| Q2 25 | $2.7M | $-19.4M | ||
| Q1 25 | $17.3M | $-21.4M | ||
| Q4 24 | — | $-8.8M | ||
| Q3 24 | $16.4M | $-17.0M | ||
| Q2 24 | $-66.0M | $-17.5M |
| Q1 26 | — | 80.4% | ||
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% |
| Q1 26 | — | 25.8% | ||
| Q4 25 | 8.5% | 3.3% | ||
| Q3 25 | 5.4% | -1.5% | ||
| Q2 25 | 5.8% | -10.3% | ||
| Q1 25 | 5.5% | -12.0% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | 12.9% | -11.7% | ||
| Q2 24 | -30.2% | -13.0% |
| Q1 26 | — | 7.7% | ||
| Q4 25 | 6.3% | 4.9% | ||
| Q3 25 | 3.6% | 1.2% | ||
| Q2 25 | 1.8% | -9.0% | ||
| Q1 25 | 8.2% | -10.4% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | 5.9% | -9.2% | ||
| Q2 24 | -24.3% | -9.9% |
| Q1 26 | — | $0.33 | ||
| Q4 25 | $0.11 | $0.21 | ||
| Q3 25 | $0.08 | $0.05 | ||
| Q2 25 | $0.04 | $-0.35 | ||
| Q1 25 | $0.24 | $-0.38 | ||
| Q4 24 | — | $-0.15 | ||
| Q3 24 | $0.24 | $-0.31 | ||
| Q2 24 | $-1.21 | $-0.32 |
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 | $334.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-127.4M | — |
| Total Assets | $797.6M | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $334.3M | ||
| Q4 25 | $255.9M | $338.8M | ||
| Q3 25 | $185.5M | $315.9M | ||
| Q2 25 | $145.0M | $284.3M | ||
| Q1 25 | $111.2M | $242.0M | ||
| Q4 24 | $407.4M | $301.8M | ||
| Q3 24 | $335.1M | $248.2M | ||
| Q2 24 | $185.3M | $267.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-127.4M | $-5.4M | ||
| Q3 25 | $-302.4M | $-36.9M | ||
| Q2 25 | $-318.4M | $-66.5M | ||
| Q1 25 | $-323.1M | $-75.7M | ||
| Q4 24 | $-421.4M | $-41.7M | ||
| Q3 24 | $-360.8M | $-50.8M | ||
| Q2 24 | $-283.0M | $-77.7M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $797.6M | $1.5B | ||
| Q3 25 | $650.2M | $1.4B | ||
| Q2 25 | $606.7M | $1.3B | ||
| Q1 25 | $570.5M | $1.3B | ||
| Q4 24 | $876.8M | $1.4B | ||
| Q3 24 | $810.9M | $1.3B | ||
| Q2 24 | $645.5M | $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 | $25.7M |
| FCF MarginFCF / Revenue | 13.9% | 10.4% |
| Capex IntensityCapex / Revenue | 2.0% | — |
| Cash ConversionOCF / Net Profit | 2.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-34.1M | $171.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $34.8M | $51.0M | ||
| Q3 25 | $59.2M | $46.2M | ||
| Q2 25 | $56.1M | $50.3M | ||
| Q1 25 | $-176.5M | $-7.4M | ||
| Q4 24 | $223.4M | $44.0M | ||
| Q3 24 | $200.3M | $18.9M | ||
| Q2 24 | $90.0M | $-14.0K |
| Q1 26 | — | $25.7M | ||
| Q4 25 | $30.5M | $50.7M | ||
| Q3 25 | $57.6M | $46.1M | ||
| Q2 25 | $55.3M | $49.3M | ||
| Q1 25 | $-177.6M | $-8.1M | ||
| Q4 24 | $207.0M | $43.2M | ||
| Q3 24 | $199.3M | $18.7M | ||
| Q2 24 | $83.7M | $-122.0K |
| Q1 26 | — | 10.4% | ||
| Q4 25 | 13.9% | 21.2% | ||
| Q3 25 | 35.0% | 20.5% | ||
| Q2 25 | 35.6% | 22.9% | ||
| Q1 25 | -83.8% | -3.9% | ||
| Q4 24 | 91.7% | 21.6% | ||
| Q3 24 | 71.6% | 10.1% | ||
| Q2 24 | 30.8% | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 0.1% | ||
| Q3 25 | 0.9% | 0.0% | ||
| Q2 25 | 0.5% | 0.5% | ||
| Q1 25 | 0.5% | 0.4% | ||
| Q4 24 | 7.3% | 0.4% | ||
| Q3 24 | 0.4% | 0.1% | ||
| Q2 24 | 2.3% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.52× | 4.31× | ||
| Q3 25 | 9.85× | 16.57× | ||
| Q2 25 | 20.50× | — | ||
| Q1 25 | -10.18× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 12.23× | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PWP
Segment breakdown not available.
WK
| Subscription and support | $225.4M | 91% |
| Other | $22.0M | 9% |
