Perella Weinberg Partners (NASDAQ:PWP) Posts Earnings Results, Meets Expectations

Perella Weinberg Partners (NASDAQ:PWP) announced its earnings results on Friday. The company reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17, FiscalAI reports. The company had revenue of $219.16 million during the quarter, compared to the consensus estimate of $192.84 million. Perella Weinberg Partners had a negative return on equity of 21.55% and a net margin of 6.15%.

Here are the key takeaways from Perella Weinberg Partners’ conference call:

• Full-year revenue was $751 million (down 14% vs. 2024) and Q4 revenue was $219 million; management attributes the shortfall to several large advised transactions that did not close.
• Record results in Europe and in Restructuring drove market-share gains, with strength in debtor-side mandates and Financing & Capital Solutions, supporting a growing pipeline.
• Talent buildout accelerated: the firm added 23 senior bankers in 2025 (14 new to the platform) and added two partners in early 2026, and management says senior-hire momentum is creating a “flywheel.”
• Strong capital position and shareholder returns: year-end cash of $256 million, no debt, >$163 million returned to holders in 2025, 6.5 million shares retired, and a declared $0.07 quarterly dividend.
• Adjusted compensation margin rose to 68% (from 67%), reflecting heavy investment in talent and creating near-term margin pressure that management says requires revenue scale to reverse.

Perella Weinberg Partners Stock Up 6.2%

PWP traded up $1.33 during midday trading on Friday, reaching $22.86. The company had a trading volume of 573,589 shares, compared to its average volume of 1,064,627. The business has a 50-day moving average of $19.36 and a two-hundred day moving average of $20.13. Perella Weinberg Partners has a 1 year low of $14.12 and a 1 year high of $25.83. The company has a market cap of $2.03 billion, a P/E ratio of 34.64 and a beta of 1.64.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Perella Weinberg Partners by 460.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,151 shares of the company’s stock worth $100,000 after buying an additional 4,232 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Perella Weinberg Partners by 2,980.6% during the 2nd quarter. Osaic Holdings Inc. now owns 15,403 shares of the company’s stock valued at $284,000 after purchasing an additional 14,903 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Perella Weinberg Partners during the third quarter valued at about $298,000. AQR Capital Management LLC increased its holdings in shares of Perella Weinberg Partners by 79.1% in the first quarter. AQR Capital Management LLC now owns 23,435 shares of the company’s stock worth $431,000 after purchasing an additional 10,350 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Perella Weinberg Partners by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,745 shares of the company’s stock worth $566,000 after purchasing an additional 1,342 shares during the last quarter. Hedge funds and other institutional investors own 41.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PWP. Wall Street Zen downgraded shares of Perella Weinberg Partners from a “hold” rating to a “sell” rating in a research report on Sunday, December 14th. Wolfe Research set a $21.00 price objective on shares of Perella Weinberg Partners in a report on Wednesday, January 7th. The Goldman Sachs Group reiterated a “sell” rating and set a $19.00 target price on shares of Perella Weinberg Partners in a report on Tuesday, January 20th. Weiss Ratings restated a “hold (c)” rating on shares of Perella Weinberg Partners in a research note on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods lifted their price objective on Perella Weinberg Partners from $19.00 to $20.00 and gave the company a “market perform” rating in a research note on Wednesday, December 17th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.25.

Key Stories Impacting Perella Weinberg Partners

Here are the key news stories impacting Perella Weinberg Partners this week:

• Positive Sentiment: Q4 revenue topped estimates ($219.2M vs. ~$192.8M consensus), a key driver of the intraday rally; management also delivered adjusted results in line with expectations. Perella Weinberg beats Q4 estimates as revenue tops expectations
• Positive Sentiment: Management says the pipeline entering 2026 is at record levels and the firm is expanding its senior team (new partners/managing directors), signaling revenue upside if M&A and financing activity accelerates. Perella Weinberg targets 2026 growth with record pipeline and expanding senior team
• Positive Sentiment: Strong balance sheet and shareholder returns: ~$256M cash, no debt, $163M returned to holders in 2025 and a declared $0.07 quarterly dividend — supportive of capital return thesis. Perella Weinberg Reports 2025 Financial Results
• Neutral Sentiment: Q4 EPS matched consensus ($0.17); investors may wait for forward commentary from the earnings call/transcript for confirmation of revenue mix and margin drivers. Perella Weinberg (PWP) Q4 2025 Earnings Transcript
• Negative Sentiment: Full‑year revenues fell ~14% to $750.9M (2025 vs. record 2024), and GAAP net/profitability were down — a reminder of volatile, deal‑driven revenue and the risk that M&A softness can pressure results. Perella Weinberg Reports 2025 Financial Results
• Negative Sentiment: Profitability metrics: modest net margin and a negative trailing return on equity were highlighted in coverage, and some metrics (GAAP diluted EPS and net income) show pressure versus last year — potential headwinds for valuation until revenue stability improves. Perella Weinberg Reports Full Year and Fourth Quarter 2025 Results
• Neutral Sentiment: Full earnings call and transcripts are available for investors who want color on client activity, deal cadence and 2026 assumptions — listen for commentary on the pipeline conversion timeline. Perella Weinberg Partners (PWP) Q4 2025 Earnings Call Transcript

About Perella Weinberg Partners

Perella Weinberg Partners L.P. is a global, partner-led advisory firm specializing in strategic and financial counsel. Founded in 2006 by Joseph R. Perella and Peter Weinberg—both veterans of leading Wall Street institutions—the firm delivers independent advice on mergers and acquisitions, financing, restructuring and capital markets. As an independent entity, it emphasizes senior banker involvement throughout every transaction, ensuring clients benefit from depth of experience and continuity of service.

The firm’s core offerings encompass M&A advisory, debt and equity financing, corporate restructuring and capital markets solutions.