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Side-by-side financial comparison of Perella Weinberg Partners (PWP) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.
XPLR Infrastructure, LP is the larger business by last-quarter revenue ($249.0M vs $219.2M, roughly 1.1× Perella Weinberg Partners). XPLR Infrastructure, LP runs the higher net margin — 11.2% vs 6.3%, a 4.9% gap on every dollar of revenue. On growth, Perella Weinberg Partners posted the faster year-over-year revenue change (-2.9% vs -15.3%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $-88.0M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs -1.6%).
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.
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
PWP vs XIFR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.2M | $249.0M |
| Net Profit | $13.8M | $28.0M |
| Gross Margin | — | — |
| Operating Margin | 8.5% | -19.3% |
| Net Margin | 6.3% | 11.2% |
| Revenue YoY | -2.9% | -15.3% |
| Net Profit YoY | — | 124.3% |
| 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 | $249.0M | ||
| Q3 25 | $164.6M | $315.0M | ||
| Q2 25 | $155.3M | $342.0M | ||
| Q1 25 | $211.8M | $282.0M | ||
| Q4 24 | $225.7M | $294.0M | ||
| Q3 24 | $278.2M | $319.0M | ||
| Q2 24 | $272.0M | $360.0M | ||
| Q1 24 | $102.1M | $257.0M |
| Q4 25 | $13.8M | $28.0M | ||
| Q3 25 | $6.0M | $-37.0M | ||
| Q2 25 | $2.7M | $79.0M | ||
| Q1 25 | $17.3M | $-98.0M | ||
| Q4 24 | — | $-115.0M | ||
| Q3 24 | $16.4M | $-40.0M | ||
| Q2 24 | $-66.0M | $62.0M | ||
| Q1 24 | $-35.8M | $70.0M |
| Q4 25 | 8.5% | -19.3% | ||
| Q3 25 | 5.4% | 1.6% | ||
| Q2 25 | 5.8% | 26.3% | ||
| Q1 25 | 5.5% | -82.6% | ||
| Q4 24 | — | -188.1% | ||
| Q3 24 | 12.9% | 15.4% | ||
| Q2 24 | -30.2% | 18.3% | ||
| Q1 24 | -52.4% | -8.2% |
| Q4 25 | 6.3% | 11.2% | ||
| Q3 25 | 3.6% | -11.7% | ||
| Q2 25 | 1.8% | 23.1% | ||
| Q1 25 | 8.2% | -34.8% | ||
| Q4 24 | — | -39.1% | ||
| Q3 24 | 5.9% | -12.5% | ||
| Q2 24 | -24.3% | 17.2% | ||
| Q1 24 | -35.1% | 27.2% |
| Q4 25 | $0.11 | — | ||
| Q3 25 | $0.08 | $-0.40 | ||
| Q2 25 | $0.04 | $0.84 | ||
| Q1 25 | $0.24 | $-1.05 | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.24 | $-0.43 | ||
| Q2 24 | $-1.21 | $0.66 | ||
| Q1 24 | $-0.91 | $0.75 |
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 | $960.0M |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | $-127.4M | $10.9B |
| Total Assets | $797.6M | $19.6B |
| Debt / EquityLower = less leverage | — | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $255.9M | $960.0M | ||
| Q3 25 | $185.5M | $711.0M | ||
| Q2 25 | $145.0M | $880.0M | ||
| Q1 25 | $111.2M | $1.5B | ||
| Q4 24 | $407.4M | $283.0M | ||
| Q3 24 | $335.1M | $290.0M | ||
| Q2 24 | $185.3M | $281.0M | ||
| Q1 24 | $156.7M | $245.0M |
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-127.4M | $10.9B | ||
| Q3 25 | $-302.4M | $11.0B | ||
| Q2 25 | $-318.4M | $11.3B | ||
| Q1 25 | $-323.1M | $12.6B | ||
| Q4 24 | $-421.4M | $12.9B | ||
| Q3 24 | $-360.8M | $13.6B | ||
| Q2 24 | $-283.0M | $13.9B | ||
| Q1 24 | $161.9M | $14.0B |
| Q4 25 | $797.6M | $19.6B | ||
| Q3 25 | $650.2M | $19.1B | ||
| Q2 25 | $606.7M | $20.5B | ||
| Q1 25 | $570.5M | $21.4B | ||
| Q4 24 | $876.8M | $20.3B | ||
| Q3 24 | $810.9M | $20.9B | ||
| Q2 24 | $645.5M | $21.7B | ||
| Q1 24 | $583.6M | $22.3B |
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | — | ||
| 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 | $186.0M |
| Free Cash FlowOCF − Capex | $30.5M | $-88.0M |
| FCF MarginFCF / Revenue | 13.9% | -35.3% |
| Capex IntensityCapex / Revenue | 2.0% | 110.0% |
| Cash ConversionOCF / Net Profit | 2.52× | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | $-34.1M | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.8M | $186.0M | ||
| Q3 25 | $59.2M | $231.0M | ||
| Q2 25 | $56.1M | $232.0M | ||
| Q1 25 | $-176.5M | $90.0M | ||
| Q4 24 | $223.4M | $283.0M | ||
| Q3 24 | $200.3M | $208.0M | ||
| Q2 24 | $90.0M | $231.0M | ||
| Q1 24 | $-206.3M | $78.0M |
| Q4 25 | $30.5M | $-88.0M | ||
| Q3 25 | $57.6M | $-283.0M | ||
| Q2 25 | $55.3M | $151.0M | ||
| Q1 25 | $-177.6M | $1.0M | ||
| Q4 24 | $207.0M | $231.0M | ||
| Q3 24 | $199.3M | $152.0M | ||
| Q2 24 | $83.7M | $162.0M | ||
| Q1 24 | $-214.8M | $14.0M |
| Q4 25 | 13.9% | -35.3% | ||
| Q3 25 | 35.0% | -89.8% | ||
| Q2 25 | 35.6% | 44.2% | ||
| Q1 25 | -83.8% | 0.4% | ||
| Q4 24 | 91.7% | 78.6% | ||
| Q3 24 | 71.6% | 47.6% | ||
| Q2 24 | 30.8% | 45.0% | ||
| Q1 24 | -210.3% | 5.4% |
| Q4 25 | 2.0% | 110.0% | ||
| Q3 25 | 0.9% | 163.2% | ||
| Q2 25 | 0.5% | 23.7% | ||
| Q1 25 | 0.5% | 31.6% | ||
| Q4 24 | 7.3% | 17.7% | ||
| Q3 24 | 0.4% | 17.6% | ||
| Q2 24 | 2.3% | 19.2% | ||
| Q1 24 | 8.3% | 24.9% |
| Q4 25 | 2.52× | 6.64× | ||
| Q3 25 | 9.85× | — | ||
| Q2 25 | 20.50× | 2.94× | ||
| Q1 25 | -10.18× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 12.23× | — | ||
| Q2 24 | — | 3.73× | ||
| Q1 24 | — | 1.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PWP
Segment breakdown not available.
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
