Financial advisory firm Perella Weinberg Partners (NASDAQ: PWP) announced better-than-expected revenue in Q4 CY2025, but sales fell by 2.9% year on year to $219.2 million. Its non-GAAP profit of $0.17 per share was 65.9% above analysts’ consensus estimates.
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Perella Weinberg (PWP) Q4 CY2025 Highlights:
- Revenue: $219.2 million vs analyst estimates of $171.6 million (2.9% year-on-year decline, 27.7% beat)
- Pre-tax Profit: $21.78 million (9.9% margin)
- Adjusted EPS: $0.17 vs analyst estimates of $0.10 (65.9% beat)
- Market Capitalization: $1.44 billion
“2025 marked the third highest revenue year in our Firm’s 20-year history, demonstrating the strength and focus of our platform. Our strategic investments in talent over the last twelve months were the highest in our history and position us to capitalize on what we see as broadly favorable conditions for M&A as well as for financing and capital solutions. Our pipeline entering 2026 stands at record levels and momentum continues to build across our business,” stated Andrew Bednar, Chief Executive Officer.
Company Overview
Founded in 2006 by veteran investment bankers Joseph Perella and Peter Weinberg during a wave of boutique advisory firm launches, Perella Weinberg Partners (NASDAQ: PWP) is a global independent advisory firm that provides strategic and financial advice to corporations, financial sponsors, and government institutions.
Revenue Growth
Reviewing a company’s long-term sales performance reveals insights into its quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Thankfully, Perella Weinberg’s 7.7% annualized revenue growth over the last five years was decent. Its growth was slightly above the average financials company and shows its offerings resonate with customers.
Long-term growth is the most important, but within financials, a half-decade historical view may miss recent interest rate changes and market returns. Perella Weinberg’s annualized revenue growth of 7.6% over the last two years aligns with its five-year trend, suggesting its demand was stable. 
Note: Quarters not shown were determined to be outliers, impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.
This quarter, Perella Weinberg’s revenue fell by 2.9% year on year to $219.2 million but beat Wall Street’s estimates by 27.7%.
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Key Takeaways from Perella Weinberg’s Q4 Results
It was good to see Perella Weinberg beat analysts’ EPS expectations this quarter. We were also excited its revenue outperformed Wall Street’s estimates by a wide margin. Zooming out, we think this was a good print with some key areas of upside. The stock remained flat at $21.53 immediately following the results.
Is Perella Weinberg an attractive investment opportunity at the current price? We think that the latest quarter is only one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here (it’s free).
