Perella Weinberg Partners
- Open
- 16.26
- Day high
- 16.65
- Day low
- 15.70
- Prev close
- 16.44
- Volume
- 1.1M
- Mkt cap
- $1.1B
- P/E (TTM)
- 53.3
- EPS (TTM)
- $0.30
- P/B
- -7.3
- P/S
- 1.6
- Yield
- 1.76%
- Per share
- $0.28
- ▼Insiders net selling -$3.6M over the last 3 months (0 open-market buys, 4 sales)
- 🏛Institutions accumulating (13F)
Perella Weinberg Partners (PWP) is a Financial Services company listed on NASDAQ. The stock is down 20% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 4 sales (SEC Form 4).
Perella Weinberg Partners (PWP) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
PWP earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 1, 2026 | $0.17 | $0.05 | -69.7% | $149M | -6.2% |
| Feb 6, 2026 | $0.18 | $0.17 | -4.2% | $219M | +19.6% |
| Nov 7, 2025 | $0.21 | $0.13 | -38.1% | $165M | -26.9% |
| Aug 1, 2025 | $0.22 | $0.09 | -59.1% | $155M | -26.7% |
| May 2, 2025 | $0.21 | $0.28 | +33.3% | $212M | +1.8% |
| Feb 7, 2025 | $0.28 | $0.26 | -7.1% | $226M | +2.2% |
| Nov 8, 2024 | $0.18 | $0.34 | +88.9% | $278M | +38.9% |
| Aug 2, 2024 | $0.17 | $0.43 | +152.9% | $272M | +51.7% |
| May 3, 2024 | $0.07 | $-0.10 | -242.9% | $102M | -23.6% |
| Feb 8, 2024 | $0.04 | $0.08 | +109.2% | $213M | +20.7% |
| Aug 3, 2023 | $0.10 | $0.16 | +60.0% | $166M | +16.1% |
| May 4, 2023 | $0.06 | $0.09 | +50.0% | $131M | +3.9% |
PWP insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 16, 2026 | STEEL ROBERT Kdirector | Sell | 100,000 | $15.76 |
| May 29, 2026 | OLLILA JORMA Jdirector | Tax | 1,696 | $18.97 |
| May 29, 2026 | Bennett Roy Edwindirector | Grant | 5,429 | — |
| May 29, 2026 | Dabboussi Houdadirector | Grant | 5,429 | — |
| May 29, 2026 | FASCITELLI ELIZABETH Cdirector | Grant | 5,429 | — |
| May 29, 2026 | MUGFORD KRISTIN Wdirector | Grant | 5,429 | — |
| May 20, 2026 | Gottschalk Alexandraofficer: Chief Financial Officer | Option | 57,749 | — |
| May 20, 2026 | Gottschalk Alexandraofficer: Chief Financial Officer | Sell | 43,788 | $17.58 |
| May 20, 2026 | STEEL ROBERT Kdirector | Option | 198,083 | — |
| May 20, 2026 | Gottschalk Alexandraofficer: Chief Financial Officer | Sell | 14,018 | $17.46 |
| May 20, 2026 | Gottschalk Alexandraofficer: Chief Financial Officer | Option | 58 | — |
| May 20, 2026 | STEEL ROBERT Kdirector | Option | 198 | — |
| May 7, 2026 | Gottschalk Alexandraofficer: Chief Financial Officer | Sell | 51,671 | $19.74 |
| Mar 9, 2026 | STEEL ROBERT Kdirector | Tax | 15,301 | $18.64 |
| Mar 9, 2026 | Gottschalk Alexandraofficer: Chief Financial Officer | Tax | 1,609 | $18.64 |
Source: PWP SEC Form 4 filings, latest Jun 16, 2026. For informational purposes only — not investment advice.
See the full PWP insider & 13F page →Perella Weinberg Partners company profile
Overview
Perella Weinberg Partners (NASDAQ:PWP) is an independent investment banking firm founded in 2006 and headquartered in New York. The company went public in November 2020 and has established itself as a prominent boutique advisory firm serving clients across the United States and internationally. PWP provides strategic and financial advisory services to corporations, private equity sponsors, institutional investors, and government entities across various industries including consumer, energy, financial institutions, healthcare, industrials, and technology.
Business
Perella Weinberg Partners operates in the investment banking industry, specifically focusing on providing independent financial advisory services. Investment banking is a specialized sector of finance that helps corporations, governments, and other entities raise capital and complete complex financial transactions. The company's core business revolves around several key service areas. Mergers and acquisitions (M&A) advisory represents the largest portion of their business, where they advise clients on buying, selling, or merging companies. This involves valuing businesses, negotiating deal terms, and managing the complex process from initial discussions through closing. Restructuring and liability management services help financially distressed companies reorganize their debt and operations to return to profitability. Capital raising involves helping companies access debt or equity financing from investors. Shareholder and defense advisory services assist companies facing hostile takeover attempts or activist investor campaigns. The firm also provides capital markets advisory, helping clients navigate public and private capital markets, and equity research services that provide investment analysis and recommendations. Their energy underwriting business focuses specifically on financing transactions in the energy sector. PWP operates primarily as a single business segment, with advisory services generating virtually all revenue. However, they serve different client types: approximately 70% of their business comes from corporate clients (public and private companies), while around 30% comes from financial sponsors (private equity firms and other investment funds). The firm has been expanding its European operations, though the U.S. market remains their primary revenue driver.
Revenue model
Perella Weinberg Partners generates revenue primarily through advisory fees charged for successfully completed transactions and ongoing advisory work. Their business model is transaction-based, meaning they typically earn fees when deals close or when specific milestones are achieved in advisory engagements. For M&A transactions, PWP typically charges a percentage-based fee tied to the transaction value, often structured with a base fee plus success fees upon completion. Restructuring and liability management work usually involves monthly retainer fees plus success fees. Capital raising assignments generate fees based on the amount of capital raised. The firm's revenue is highly variable and depends on the timing of deal closings, which can cause significant quarterly fluctuations. The company's paying customers include public multinational corporations seeking strategic advice on major transactions, mid-sized public and private companies looking to grow through acquisitions or raise capital, private equity firms and investment funds executing portfolio company transactions, creditor committees in restructuring situations, and occasionally government institutions requiring financial advisory services. Several factors significantly impact PWP's profitability margins. Market volatility and economic uncertainty can cause clients to delay or cancel transactions, directly reducing revenue. Interest rate environments affect both M&A activity levels and restructuring opportunities - higher rates typically reduce M&A but increase restructuring work. Regulatory changes, particularly around antitrust enforcement, can lengthen deal timelines and create transaction risk. Competition from larger investment banks and other boutique firms affects pricing power and market share. The firm's compensation structure, where senior professionals receive significant portions of revenue, means that talent costs directly impact margins. Deal size and complexity influence fee structures, with larger, more complex transactions typically generating higher margins per professional involved.
Competitive moat
Perella Weinberg Partners operates in a highly competitive investment banking market where building sustainable competitive advantages is challenging. The firm's primary moat lies in its reputation and relationship-based business model. Investment banking is fundamentally a relationship-driven industry where clients select advisors based on trust, track record, and personal connections with senior bankers. PWP's competitive positioning stems from several factors. Their independent status allows them to provide conflict-free advice without the potential conflicts that large universal banks face when they have lending relationships or proprietary trading positions. The firm has built deep industry expertise across their focused sectors, with specialized teams that understand the nuances of different industries. Their senior-level attention model ensures that experienced partners remain directly involved in client relationships and transaction execution, rather than delegating to junior staff. However, PWP's moat is relatively narrow and faces significant competitive pressures. Large investment banks like Goldman Sachs and Morgan Stanley have vastly greater resources, global reach, and can offer integrated services including lending and capital markets capabilities that boutique firms cannot match. Other independent advisory firms such as Evercore, Lazard, and Centerview Partners compete directly for the same clients and talent. The industry has low barriers to entry for experienced bankers who can start their own firms, and client relationships are often personal rather than institutional, meaning they can leave with departing bankers. The firm's competitive position is further challenged by the cyclical nature of investment banking revenues and the constant need to recruit and retain top talent in a highly competitive labor market. While PWP has established a solid reputation since 2006, they lack the scale and diversification of larger competitors, making them more vulnerable to market downturns and key personnel departures.
Risks & safety
PWP demonstrates a solid financial position with manageable risk levels, though the cyclical nature of investment banking creates inherent volatility. **Liquidity and Solvency:** - Strong cash position of $111 million as of Q1 2025 with no debt - Current ratio of 2.18x indicates good short-term liquidity - However, negative free cash flow of -$178 million in Q1 2025 reflects typical seasonal patterns and compensation timing in investment banking **Valuation Metrics:** - Trading at 16.5x P/E ratio based on recent earnings - EV/EBITDA of 18.3x appears elevated but reflects lumpy quarterly earnings - Price-to-book ratio shows negative book value due to partnership structure and compensation accruals **Other Considerations:** - Revenue volatility is inherent to the transaction-based business model - Compensation represents approximately 67% of revenues, creating operating leverage - Strong balance sheet provides cushion during market downturns - No significant debt obligations or off-balance-sheet liabilities
Recent development
Over the past few years, PWP has pursued an aggressive growth strategy centered on talent acquisition and geographic expansion. The firm added 7 advisory partners and 7 managing directors in 2023, followed by additional partner hires in 2024, focusing on expanding coverage in technology, healthcare, transportation, and industrials sectors. This talent investment strategy aims to broaden their client relationships and increase market share. The company has been diversifying beyond traditional M&A advisory by expanding their restructuring and liability management services, which have become increasingly important revenue contributors as interest rates rose. They've also grown their capital solutions and financing advisory capabilities to provide more comprehensive services to clients. Geographic expansion has been another key focus, with PWP building out their European operations and seeing increased activity across international markets. The firm has targeted approximately 30% of their business to come from financial sponsor clients, representing a strategic shift toward serving private equity firms alongside their traditional corporate client base. PWP has set an ambitious target of reaching $1 billion in annual revenues, up from $878 million achieved in 2024. They've maintained their commitment to returning capital to shareholders while investing in growth, returning $282 million to equity holders in 2024. The firm has also focused on larger, more complex transactions that typically generate higher fees per engagement, positioning themselves to compete more effectively with larger investment banks on major deals.
PWP company profile · for informational purposes only — not investment advice.
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