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Side-by-side financial comparison of Perella Weinberg Partners (PWP) and Zeta Global Holdings Corp. (ZETA). Click either name above to swap in a different company.
Zeta Global Holdings Corp. is the larger business by last-quarter revenue ($394.6M vs $219.2M, roughly 1.8× Perella Weinberg Partners). Perella Weinberg Partners runs the higher net margin — 6.3% vs 1.7%, a 4.6% gap on every dollar of revenue. On growth, Zeta Global Holdings Corp. posted the faster year-over-year revenue change (25.4% vs -2.9%). Zeta Global Holdings Corp. produced more free cash flow last quarter ($60.9M vs $30.5M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs 42.3%).
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.
Zeta Global Holdings Corp. is an American marketing technology company which was founded in 2007. Zeta offers companies a suite of multichannel marketing tools focused on creating, maintaining, and monetizing customer relationships. The company went public on the New York Stock Exchange on June 10, 2021, at a US$1.7 billion valuation.
PWP vs ZETA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.2M | $394.6M |
| Net Profit | $13.8M | $6.5M |
| Gross Margin | — | 59.5% |
| Operating Margin | 8.5% | 4.5% |
| Net Margin | 6.3% | 1.7% |
| Revenue YoY | -2.9% | 25.4% |
| Net Profit YoY | — | -57.1% |
| EPS (diluted) | $0.11 | $0.04 |
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 | $394.6M | ||
| Q3 25 | $164.6M | $337.2M | ||
| Q2 25 | $155.3M | $308.4M | ||
| Q1 25 | $211.8M | $264.4M | ||
| Q4 24 | $225.7M | $314.7M | ||
| Q3 24 | $278.2M | $268.3M | ||
| Q2 24 | $272.0M | $227.8M | ||
| Q1 24 | $102.1M | $194.9M |
| Q4 25 | $13.8M | $6.5M | ||
| Q3 25 | $6.0M | $-3.6M | ||
| Q2 25 | $2.7M | $-12.8M | ||
| Q1 25 | $17.3M | $-21.6M | ||
| Q4 24 | — | $15.2M | ||
| Q3 24 | $16.4M | $-17.4M | ||
| Q2 24 | $-66.0M | $-28.1M | ||
| Q1 24 | $-35.8M | $-39.6M |
| Q4 25 | — | 59.5% | ||
| Q3 25 | — | 60.5% | ||
| Q2 25 | — | 62.1% | ||
| Q1 25 | — | 60.9% | ||
| Q4 24 | — | 60.0% | ||
| Q3 24 | — | 60.6% | ||
| Q2 24 | — | 60.0% | ||
| Q1 24 | — | 60.6% |
| Q4 25 | 8.5% | 4.5% | ||
| Q3 25 | 5.4% | 2.6% | ||
| Q2 25 | 5.8% | -1.7% | ||
| Q1 25 | 5.5% | -6.1% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | 12.9% | -4.6% | ||
| Q2 24 | -30.2% | -11.7% | ||
| Q1 24 | -52.4% | -18.4% |
| Q4 25 | 6.3% | 1.7% | ||
| Q3 25 | 3.6% | -1.1% | ||
| Q2 25 | 1.8% | -4.2% | ||
| Q1 25 | 8.2% | -8.2% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | 5.9% | -6.5% | ||
| Q2 24 | -24.3% | -12.3% | ||
| Q1 24 | -35.1% | -20.3% |
| Q4 25 | $0.11 | $0.04 | ||
| Q3 25 | $0.08 | $-0.02 | ||
| Q2 25 | $0.04 | $-0.06 | ||
| Q1 25 | $0.24 | $-0.10 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | $0.24 | $-0.09 | ||
| Q2 24 | $-1.21 | $-0.16 | ||
| Q1 24 | $-0.91 | $-0.23 |
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 | $319.8M |
| Total DebtLower is stronger | — | $197.1M |
| Stockholders' EquityBook value | $-127.4M | $804.6M |
| Total Assets | $797.6M | $1.5B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $255.9M | $319.8M | ||
| Q3 25 | $185.5M | $385.2M | ||
| Q2 25 | $145.0M | $365.3M | ||
| Q1 25 | $111.2M | $364.4M | ||
| Q4 24 | $407.4M | $366.2M | ||
| Q3 24 | $335.1M | $418.5M | ||
| Q2 24 | $185.3M | $154.7M | ||
| Q1 24 | $156.7M | $141.6M |
| Q4 25 | — | $197.1M | ||
| Q3 25 | — | $196.9M | ||
| Q2 25 | — | $196.7M | ||
| Q1 25 | — | $196.5M | ||
| Q4 24 | — | $196.3M | ||
| Q3 24 | — | $196.1M | ||
| Q2 24 | — | $184.4M | ||
| Q1 24 | — | $184.2M |
| Q4 25 | $-127.4M | $804.6M | ||
| Q3 25 | $-302.4M | $689.2M | ||
| Q2 25 | $-318.4M | $673.3M | ||
| Q1 25 | $-323.1M | $676.6M | ||
| Q4 24 | $-421.4M | $676.8M | ||
| Q3 24 | $-360.8M | $474.9M | ||
| Q2 24 | $-283.0M | $217.0M | ||
| Q1 24 | $161.9M | $191.6M |
| Q4 25 | $797.6M | $1.5B | ||
| Q3 25 | $650.2M | $1.2B | ||
| Q2 25 | $606.7M | $1.1B | ||
| Q1 25 | $570.5M | $1.1B | ||
| Q4 24 | $876.8M | $1.1B | ||
| Q3 24 | $810.9M | $869.1M | ||
| Q2 24 | $645.5M | $583.9M | ||
| Q1 24 | $583.6M | $550.3M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | 0.96× |
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 | $64.1M |
| Free Cash FlowOCF − Capex | $30.5M | $60.9M |
| FCF MarginFCF / Revenue | 13.9% | 15.4% |
| Capex IntensityCapex / Revenue | 2.0% | 0.8% |
| Cash ConversionOCF / Net Profit | 2.52× | 9.81× |
| TTM Free Cash FlowTrailing 4 quarters | $-34.1M | $185.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.8M | $64.1M | ||
| Q3 25 | $59.2M | $57.9M | ||
| Q2 25 | $56.1M | $42.0M | ||
| Q1 25 | $-176.5M | $34.8M | ||
| Q4 24 | $223.4M | $43.7M | ||
| Q3 24 | $200.3M | $34.4M | ||
| Q2 24 | $90.0M | $31.1M | ||
| Q1 24 | $-206.3M | $24.7M |
| Q4 25 | $30.5M | $60.9M | ||
| Q3 25 | $57.6M | $52.4M | ||
| Q2 25 | $55.3M | $39.7M | ||
| Q1 25 | $-177.6M | $32.1M | ||
| Q4 24 | $207.0M | $35.4M | ||
| Q3 24 | $199.3M | $29.5M | ||
| Q2 24 | $83.7M | $24.4M | ||
| Q1 24 | $-214.8M | $18.9M |
| Q4 25 | 13.9% | 15.4% | ||
| Q3 25 | 35.0% | 15.6% | ||
| Q2 25 | 35.6% | 12.9% | ||
| Q1 25 | -83.8% | 12.1% | ||
| Q4 24 | 91.7% | 11.3% | ||
| Q3 24 | 71.6% | 11.0% | ||
| Q2 24 | 30.8% | 10.7% | ||
| Q1 24 | -210.3% | 9.7% |
| Q4 25 | 2.0% | 0.8% | ||
| Q3 25 | 0.9% | 1.6% | ||
| Q2 25 | 0.5% | 0.8% | ||
| Q1 25 | 0.5% | 1.0% | ||
| Q4 24 | 7.3% | 2.6% | ||
| Q3 24 | 0.4% | 1.8% | ||
| Q2 24 | 2.3% | 3.0% | ||
| Q1 24 | 8.3% | 3.0% |
| Q4 25 | 2.52× | 9.81× | ||
| Q3 25 | 9.85× | — | ||
| Q2 25 | 20.50× | — | ||
| Q1 25 | -10.18× | — | ||
| Q4 24 | — | 2.87× | ||
| Q3 24 | 12.23× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
