Core Insights - Perella Weinberg Partners (PWP) is a financial services firm specializing in advisory services, particularly in mergers and acquisitions and restructuring [1] - The company reported an earnings per share (EPS) of $0.14, which was below the estimated EPS of $0.17, while actual revenue reached $219.16 million, exceeding the estimated revenue of $183.21 million [2] Financial Performance - The price-to-earnings (P/E) ratio is approximately 31.07, indicating investor willingness to pay for earnings [3] - The price-to-sales ratio is about 2.83, reflecting strong revenue performance [3] - The enterprise value to sales ratio is also around 2.83, showing total valuation relative to sales [4] - The enterprise value to operating cash flow ratio is approximately 27.43, suggesting a high valuation relative to cash flow from operations [4] Financial Health - The debt-to-equity ratio is negative at -0.61, indicating more equity than debt [5] - The current ratio is approximately 4.84, demonstrating the company's ability to cover short-term liabilities with short-term assets [5] - Overall financial health indicators suggest a solid liquidity position and financial stability [6]

Perella Weinberg Partners logo Perella Weinberg Partners (NASDAQ:PWP) reported full-year 2025 revenue of $751 million and fourth-quarter revenue of $219 million, executives said on the firm’s earnings call. While revenue declined 14% from the company’s record 2024 results, Chief Executive Officer Andrew Bednar characterized 2025 as the firm’s third-highest revenue year in its 20-year history, citing the benefits of continued investment in a “focused and differentiated platform” designed to perform across ...

Financial Data and Key Metrics Changes - For the full year 2025, the company reported revenues of $751 million, a decrease of 14% from the record results of 2024, but still the third highest revenue year in its 20-year history [4] - Fourth quarter revenues were $219 million, which included $18.5 million related to closings that occurred within the first few days of 2026 [8][9] - The adjusted compensation margin for 2025 was 68%, up from 67% in 2024, reflecting strong discipline in managing compensation despite record talent investment [8] Business Line Data and Key Metrics Changes - The M&A business had a productive year in expanding coverage and expertise, although revenue ambitions were not fully met due to several large transactions not completing as hoped [4] - The Restructuring practice achieved record revenues, gaining market share in a growing market, particularly in Debtor-Side Mandates [5] - The Financing and Capital Solutions business is positioned well for future growth, supported by a strong pipeline and positive client sentiment [7] Market Data and Key Metrics Changes - In Europe, the company delivered record revenues, solidifying its position as a leading advisor in active regions [5] - The company noted that European market activity is expected to improve, driven by investments in industries such as defense and energy security [35] Company Strategy and Development Direction - The company is focused on building a differentiated platform that can perform across various market conditions, with a strong emphasis on client relationships and talent acquisition [4][7] - The firm aims to continue its growth trajectory by leveraging its strong pipeline and enhancing its service offerings, particularly in healthcare and software sectors [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, citing a strong backlog and positive sentiment among clients, despite challenges faced in 2025 [4][14] - The geopolitical landscape is seen as creating opportunities rather than obstacles, with clients focusing on long-term strategies [37][38] Other Important Information - The company returned over $163 million to equity holders in 2025 through dividends, share repurchases, and unit exchanges, while maintaining a strong cash position of $256 million and no debt [9] - The firm added 23 new senior bankers in 2025, with a strong pipeline for future senior hires [6][7] Q&A Session Summary Question: Impact of large deals not completing in 2025 - Management acknowledged that several large transactions did not complete, impacting revenue, but expressed optimism for 2026 with a better starting point [11][13] Question: Performance of the Devon Park addition - The integration of Devon Park has been positive, with successful joint mandates and a strong pipeline for future business [15][16] Question: Outlook for restructuring revenues in 2026 - Management is optimistic about the restructuring business, expecting continued strong demand driven by proactive financial management among clients [25][26] Question: Recruiting outlook for 2026 - The company anticipates a return to a more normal hiring pace, with a strong pipeline of candidates but not as aggressive as in the previous year [27][29] Question: Drivers of record revenues in Europe - Management attributed the success in Europe to strategic investments and a strong team, with increasing activity levels expected in the region [33][35] Question: Capital return priorities - The company remains focused on organic investments as the top priority, while also managing share count and dividends [44][45] Question: Starting point for the compensation ratio in 2026 - The compensation ratio for Q1 2026 is expected to start at 67%, with flexibility needed in Q4 to assess final ratios [46][47]

Financial Data and Key Metrics Changes - For the full year 2025, the company reported revenues of $751 million, a decrease of 14% from the record results of 2024, but still the third highest revenue year in its 20-year history [4] - Fourth quarter revenues were $219 million, which included $18.5 million related to closings that occurred within the first few days of 2026 [8][9] - The adjusted compensation margin for 2025 was 68%, up from 67% in 2024, reflecting strong discipline in managing compensation despite record talent investment [8] Business Line Data and Key Metrics Changes - The M&A business had a productive year in expanding coverage and expertise, although revenue ambitions were not fully met due to several large transactions not completing as hoped [4] - The Restructuring practice achieved record revenues, gaining market share in a growing market, particularly in Debtor-Side Mandates [5] - The Financing and Capital Solutions business is positioned well for future growth, supported by a strong pipeline and positive client sentiment [7] Market Data and Key Metrics Changes - In Europe, the company delivered record revenues, solidifying its position as a leading advisor in active regions [5] - The company noted that European market activity is expected to improve, with significant investments in sectors like defense and energy security [35] Company Strategy and Development Direction - The company is focused on building a differentiated platform that can perform across various market conditions, with a strong emphasis on client relationships and talent acquisition [4][7] - The firm aims to continue its growth trajectory by leveraging its strong pipeline and enhancing its service offerings, particularly in restructuring and financing [5][7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, citing a strong backlog and positive sentiment among clients, despite challenges faced in 2025 [4][14] - The geopolitical landscape is seen as creating opportunities rather than obstacles, with clients focusing on long-term strategies [37][38] Other Important Information - The company returned over $163 million to equity holders in 2025 through dividends, share repurchases, and unit exchanges, while maintaining a strong cash position of $256 million and no debt [9] - The firm added 23 new senior bankers in 2025, with continued momentum in talent acquisition into 2026 [6] Q&A Session Summary Question: Impact of large deals not completing in 2025 - Management acknowledged that several large transactions did not complete, impacting revenue, but expressed optimism for 2026 with a better starting point [11][13] Question: Performance of the Devon Park addition - The integration of Devon Park has been positive, with successful joint mandates and a strong pipeline, indicating relevance in client conversations [15][16] Question: Outlook for restructuring revenues in 2026 - Management is optimistic about the restructuring business, expecting continued strong demand driven by proactive financial management among clients [25][26] Question: Recruiting outlook for 2026 - The company anticipates a return to a more normal hiring pace, with a strong pipeline of candidates but not as aggressive as in the previous year [28][29] Question: Drivers of record revenues in Europe - Management attributed the success in Europe to strategic investments and a strong team, with increasing activity levels expected in the region [34][36] Question: Capital return priorities - The company remains focused on organic investments as the top priority, while also considering share buybacks and dividends as part of its capital management strategy [44][45] Question: Starting point for compensation ratio in 2026 - The compensation ratio for Q1 2026 is expected to start at 67%, with flexibility needed in Q4 to assess final adjustments [46][47]

Perella Weinberg Partners (NasdaqGS:PWP) Q4 2025 Earnings call February 06, 2026 09:00 AM ET Speaker6Good morning and welcome to the Perella Weinberg full year and fourth quarter 2025 earnings conference call. Currently, all callers have been placed in a listen-only mode, and following management's prepared remarks, the call will be open for your questions. If you would like to ask a question at that time, please press *1 on your telephone keypad. If you need to remove yourself from the queue, press *2. At ...

INVESTOR PRESENTATION February 2026 Notices & Disclaimers Disclaimers This document is "as is" and is based, in part, on information obtained from other sources. Our use of such information does not imply that we have independently verified or necessarily agree with any of such information, and we have assumed and relied upon the accuracy and completeness of such information for purposes of this docum ent . Neither we nor any of our affiliates or agents, make any representation or warranty, express or impli ...

Financial Overview - Full Year Revenues of $751 Million, Down 14% From a Record 2024GAAP Pre-Tax Income of $52 Million, Adjusted Pre-Tax Income of $82 MillionGAAP Diluted EPS of $0.47, Adjusted EPS of $0.68 Financial Overview - Fourth Quarter Revenues of $219 Million, Down 3% From a Year Ago and Up 33% From Last QuarterGAAP Pre-Tax Income of $22 Million, Adjusted Pre-Tax Income of $29 MillionGAAP Diluted EPS of $0.10, Adjusted EPS of $0.17 Talent Investment Added Twelve Partners and Eleven Managing Director ...

Joining us now is Walter Isacson, an advisory partner at Pella Weineberg, professor at Tulain and a CNBC contributor. He's also the author of Elon Musk, the authorized biography of the Tesla and SpaceX founder. Walter, it's really great to have you here.And what's your reaction to the deal. >> It's amazing how Elon loves to blur the distinctions between these different companies. People move back and forth between them.And now it's good he's eliminating some of the distinctions especially the distinction be ...

Appointment Further Strengthens Firm’s Software and Technology CapabilitiesNEW YORK, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (Nasdaq: PWP), a leading global independent advisory firm, announced today that Daniel Avrutsky has joined the Firm as a Partner. Based in New York, Mr. Avrutsky joins the Firm’s Technology business and will provide strategic and financial advice to clients in the software sector, with a focus on human capital management, the future of work, and AI. Mr. Avrutsky jo ...

NEW YORK, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (NASDAQ:PWP), a leading global independent advisory firm, today announced that it plans to release its financial results for the full year and fourth quarter 2025 on Friday, February 6, 2026, before the market opens. Conference Call and Webcast Management will host a conference call and webcast to review Perella Weinberg’s results on the same day at 9:00AM ET. A webcast of the conference call will be available to the public on a listen-on ...