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Side-by-side financial comparison of Perella Weinberg Partners (PWP) and Xometry, Inc. (XMTR). Click either name above to swap in a different company.
Perella Weinberg Partners is the larger business by last-quarter revenue ($219.2M vs $192.4M, roughly 1.1× Xometry, Inc.). Perella Weinberg Partners runs the higher net margin — 6.3% vs -4.5%, a 10.8% gap on every dollar of revenue. On growth, Xometry, Inc. posted the faster year-over-year revenue change (29.5% vs -2.9%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $-5.9M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs 25.2%).
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.
Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.
PWP vs XMTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.2M | $192.4M |
| Net Profit | $13.8M | $-8.6M |
| Gross Margin | — | 39.1% |
| Operating Margin | 8.5% | -4.6% |
| Net Margin | 6.3% | -4.5% |
| Revenue YoY | -2.9% | 29.5% |
| Net Profit YoY | — | 12.7% |
| 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 | $192.4M | ||
| Q3 25 | $164.6M | $180.7M | ||
| Q2 25 | $155.3M | $162.5M | ||
| Q1 25 | $211.8M | $151.0M | ||
| Q4 24 | $225.7M | $148.5M | ||
| Q3 24 | $278.2M | $141.7M | ||
| Q2 24 | $272.0M | $132.6M | ||
| Q1 24 | $102.1M | $122.7M |
| Q4 25 | $13.8M | $-8.6M | ||
| Q3 25 | $6.0M | $-11.6M | ||
| Q2 25 | $2.7M | $-26.4M | ||
| Q1 25 | $17.3M | $-15.1M | ||
| Q4 24 | — | $-9.9M | ||
| Q3 24 | $16.4M | $-10.2M | ||
| Q2 24 | $-66.0M | $-13.7M | ||
| Q1 24 | $-35.8M | $-16.6M |
| Q4 25 | — | 39.1% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 40.1% | ||
| Q1 25 | — | 37.3% | ||
| Q4 24 | — | 39.7% | ||
| Q3 24 | — | 39.4% | ||
| Q2 24 | — | 39.9% | ||
| Q1 24 | — | 39.0% |
| Q4 25 | 8.5% | -4.6% | ||
| Q3 25 | 5.4% | -6.1% | ||
| Q2 25 | 5.8% | -6.3% | ||
| Q1 25 | 5.5% | -10.2% | ||
| Q4 24 | — | -7.8% | ||
| Q3 24 | 12.9% | -8.1% | ||
| Q2 24 | -30.2% | -11.5% | ||
| Q1 24 | -52.4% | -14.6% |
| Q4 25 | 6.3% | -4.5% | ||
| Q3 25 | 3.6% | -6.4% | ||
| Q2 25 | 1.8% | -16.3% | ||
| Q1 25 | 8.2% | -10.0% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | 5.9% | -7.2% | ||
| Q2 24 | -24.3% | -10.3% | ||
| Q1 24 | -35.1% | -13.5% |
| 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 | $219.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-127.4M | $275.6M |
| Total Assets | $797.6M | $703.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $255.9M | $219.1M | ||
| Q3 25 | $185.5M | $224.5M | ||
| Q2 25 | $145.0M | $225.8M | ||
| Q1 25 | $111.2M | $231.4M | ||
| Q4 24 | $407.4M | $239.8M | ||
| Q3 24 | $335.1M | $234.0M | ||
| Q2 24 | $185.3M | $240.9M | ||
| Q1 24 | $156.7M | $253.8M |
| Q4 25 | $-127.4M | $275.6M | ||
| Q3 25 | $-302.4M | $272.0M | ||
| Q2 25 | $-318.4M | $270.4M | ||
| Q1 25 | $-323.1M | $309.9M | ||
| Q4 24 | $-421.4M | $314.5M | ||
| Q3 24 | $-360.8M | $315.2M | ||
| Q2 24 | $-283.0M | $315.8M | ||
| Q1 24 | $161.9M | $320.4M |
| Q4 25 | $797.6M | $703.7M | ||
| Q3 25 | $650.2M | $698.9M | ||
| Q2 25 | $606.7M | $687.0M | ||
| Q1 25 | $570.5M | $690.1M | ||
| Q4 24 | $876.8M | $680.1M | ||
| Q3 24 | $810.9M | $678.2M | ||
| Q2 24 | $645.5M | $678.6M | ||
| Q1 24 | $583.6M | $692.5M |
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 | $4.4M |
| Free Cash FlowOCF − Capex | $30.5M | $-5.9M |
| FCF MarginFCF / Revenue | 13.9% | -3.0% |
| Capex IntensityCapex / Revenue | 2.0% | 5.3% |
| Cash ConversionOCF / Net Profit | 2.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-34.1M | $-24.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.8M | $4.4M | ||
| Q3 25 | $59.2M | $5.8M | ||
| Q2 25 | $56.1M | $-427.0K | ||
| Q1 25 | $-176.5M | $-3.7M | ||
| Q4 24 | $223.4M | $9.1M | ||
| Q3 24 | $200.3M | $-3.6M | ||
| Q2 24 | $90.0M | $-9.1M | ||
| Q1 24 | $-206.3M | $-11.7M |
| Q4 25 | $30.5M | $-5.9M | ||
| Q3 25 | $57.6M | $-1.7M | ||
| Q2 25 | $55.3M | $-7.4M | ||
| Q1 25 | $-177.6M | $-9.2M | ||
| Q4 24 | $207.0M | $4.5M | ||
| Q3 24 | $199.3M | $-8.4M | ||
| Q2 24 | $83.7M | $-13.5M | ||
| Q1 24 | $-214.8M | $-16.1M |
| Q4 25 | 13.9% | -3.0% | ||
| Q3 25 | 35.0% | -0.9% | ||
| Q2 25 | 35.6% | -4.5% | ||
| Q1 25 | -83.8% | -6.1% | ||
| Q4 24 | 91.7% | 3.1% | ||
| Q3 24 | 71.6% | -6.0% | ||
| Q2 24 | 30.8% | -10.2% | ||
| Q1 24 | -210.3% | -13.1% |
| Q4 25 | 2.0% | 5.3% | ||
| Q3 25 | 0.9% | 4.1% | ||
| Q2 25 | 0.5% | 4.3% | ||
| Q1 25 | 0.5% | 3.6% | ||
| Q4 24 | 7.3% | 3.1% | ||
| Q3 24 | 0.4% | 3.4% | ||
| Q2 24 | 2.3% | 3.3% | ||
| Q1 24 | 8.3% | 3.5% |
| Q4 25 | 2.52× | — | ||
| Q3 25 | 9.85× | — | ||
| Q2 25 | 20.50× | — | ||
| Q1 25 | -10.18× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 12.23× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PWP
Segment breakdown not available.
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
