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Side-by-side financial comparison of Perella Weinberg Partners (PWP) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.
Perella Weinberg Partners is the larger business by last-quarter revenue ($219.2M vs $111.7M, roughly 2.0× ZIPRECRUITER, INC.). Perella Weinberg Partners runs the higher net margin — 6.3% vs -0.7%, a 7.0% gap on every dollar of revenue. On growth, ZIPRECRUITER, INC. posted the faster year-over-year revenue change (0.6% vs -2.9%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $7.6M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs -4.4%).
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.
ZipRecruiter, Inc. is an American employment marketplace for job seekers and employers.
PWP vs ZIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $219.2M | $111.7M |
| Net Profit | $13.8M | $-835.0K |
| Gross Margin | — | 89.1% |
| Operating Margin | 8.5% | 3.6% |
| Net Margin | 6.3% | -0.7% |
| Revenue YoY | -2.9% | 0.6% |
| Net Profit YoY | — | 92.3% |
| EPS (diluted) | $0.11 | $-0.03 |
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 | $111.7M | ||
| Q3 25 | $164.6M | $115.0M | ||
| Q2 25 | $155.3M | $112.2M | ||
| Q1 25 | $211.8M | $110.1M | ||
| Q4 24 | $225.7M | $111.0M | ||
| Q3 24 | $278.2M | $117.1M | ||
| Q2 24 | $272.0M | $123.7M | ||
| Q1 24 | $102.1M | $122.2M |
| Q4 25 | $13.8M | $-835.0K | ||
| Q3 25 | $6.0M | $-9.8M | ||
| Q2 25 | $2.7M | $-9.5M | ||
| Q1 25 | $17.3M | $-12.8M | ||
| Q4 24 | — | $-10.8M | ||
| Q3 24 | $16.4M | $-2.6M | ||
| Q2 24 | $-66.0M | $7.0M | ||
| Q1 24 | $-35.8M | $-6.5M |
| Q4 25 | — | 89.1% | ||
| Q3 25 | — | 89.1% | ||
| Q2 25 | — | 89.3% | ||
| Q1 25 | — | 89.4% | ||
| Q4 24 | — | 89.6% | ||
| Q3 24 | — | 89.4% | ||
| Q2 24 | — | 89.5% | ||
| Q1 24 | — | 89.1% |
| Q4 25 | 8.5% | 3.6% | ||
| Q3 25 | 5.4% | -4.4% | ||
| Q2 25 | 5.8% | -5.9% | ||
| Q1 25 | 5.5% | -10.6% | ||
| Q4 24 | — | -3.6% | ||
| Q3 24 | 12.9% | -2.8% | ||
| Q2 24 | -30.2% | 7.6% | ||
| Q1 24 | -52.4% | -0.7% |
| Q4 25 | 6.3% | -0.7% | ||
| Q3 25 | 3.6% | -8.5% | ||
| Q2 25 | 1.8% | -8.5% | ||
| Q1 25 | 8.2% | -11.7% | ||
| Q4 24 | — | -9.7% | ||
| Q3 24 | 5.9% | -2.2% | ||
| Q2 24 | -24.3% | 5.7% | ||
| Q1 24 | -35.1% | -5.3% |
| Q4 25 | $0.11 | $-0.03 | ||
| Q3 25 | $0.08 | $-0.11 | ||
| Q2 25 | $0.04 | $-0.10 | ||
| Q1 25 | $0.24 | $-0.13 | ||
| Q4 24 | — | $-0.10 | ||
| Q3 24 | $0.24 | $-0.03 | ||
| Q2 24 | $-1.21 | $0.07 | ||
| Q1 24 | $-0.91 | $-0.07 |
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 | $188.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-127.4M | $-77.2M |
| Total Assets | $797.6M | $569.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $255.9M | $188.0M | ||
| Q3 25 | $185.5M | $211.8M | ||
| Q2 25 | $145.0M | $203.5M | ||
| Q1 25 | $111.2M | $221.1M | ||
| Q4 24 | $407.4M | $218.4M | ||
| Q3 24 | $335.1M | $225.6M | ||
| Q2 24 | $185.3M | $271.7M | ||
| Q1 24 | $156.7M | $282.5M |
| Q4 25 | $-127.4M | $-77.2M | ||
| Q3 25 | $-302.4M | $-76.1M | ||
| Q2 25 | $-318.4M | $-65.9M | ||
| Q1 25 | $-323.1M | $-11.3M | ||
| Q4 24 | $-421.4M | $13.4M | ||
| Q3 24 | $-360.8M | $13.6M | ||
| Q2 24 | $-283.0M | $24.4M | ||
| Q1 24 | $161.9M | $12.7M |
| Q4 25 | $797.6M | $569.7M | ||
| Q3 25 | $650.2M | $573.6M | ||
| Q2 25 | $606.7M | $592.4M | ||
| Q1 25 | $570.5M | $629.4M | ||
| Q4 24 | $876.8M | $664.1M | ||
| Q3 24 | $810.9M | $652.0M | ||
| Q2 24 | $645.5M | $665.3M | ||
| Q1 24 | $583.6M | $662.4M |
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 | $7.7M |
| Free Cash FlowOCF − Capex | $30.5M | $7.6M |
| FCF MarginFCF / Revenue | 13.9% | 6.8% |
| Capex IntensityCapex / Revenue | 2.0% | 0.1% |
| Cash ConversionOCF / Net Profit | 2.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-34.1M | $9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.8M | $7.7M | ||
| Q3 25 | $59.2M | $2.6M | ||
| Q2 25 | $56.1M | $10.5M | ||
| Q1 25 | $-176.5M | $-9.9M | ||
| Q4 24 | $223.4M | $12.5M | ||
| Q3 24 | $200.3M | $9.3M | ||
| Q2 24 | $90.0M | $21.9M | ||
| Q1 24 | $-206.3M | $2.0M |
| Q4 25 | $30.5M | $7.6M | ||
| Q3 25 | $57.6M | $2.2M | ||
| Q2 25 | $55.3M | $10.2M | ||
| Q1 25 | $-177.6M | $-10.2M | ||
| Q4 24 | $207.0M | $12.0M | ||
| Q3 24 | $199.3M | $9.2M | ||
| Q2 24 | $83.7M | $21.7M | ||
| Q1 24 | $-214.8M | $1.9M |
| Q4 25 | 13.9% | 6.8% | ||
| Q3 25 | 35.0% | 1.9% | ||
| Q2 25 | 35.6% | 9.1% | ||
| Q1 25 | -83.8% | -9.3% | ||
| Q4 24 | 91.7% | 10.8% | ||
| Q3 24 | 71.6% | 7.8% | ||
| Q2 24 | 30.8% | 17.6% | ||
| Q1 24 | -210.3% | 1.6% |
| Q4 25 | 2.0% | 0.1% | ||
| Q3 25 | 0.9% | 0.3% | ||
| Q2 25 | 0.5% | 0.3% | ||
| Q1 25 | 0.5% | 0.3% | ||
| Q4 24 | 7.3% | 0.4% | ||
| Q3 24 | 0.4% | 0.2% | ||
| Q2 24 | 2.3% | 0.1% | ||
| Q1 24 | 8.3% | 0.1% |
| Q4 25 | 2.52× | — | ||
| Q3 25 | 9.85× | — | ||
| Q2 25 | 20.50× | — | ||
| Q1 25 | -10.18× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 12.23× | — | ||
| Q2 24 | — | 3.12× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PWP
Segment breakdown not available.
ZIP
| License | $84.3M | 75% |
| Services | $27.4M | 25% |
