PWPPerella Weinberg Partners
Finance Services
- Revenue
- $751M
- 14% YoY
- Operating margin
- 6.4%
- 171% YoY
- EBITDA
- $69M
- 218% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -2.2×
- −$150M net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired72% of net incomeCash flow under 80% of net income
- Dilutive SBCFired15% of revenueOver 10% of revenue
- Payouts exceed cash flowClear66% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear17% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $802M | $632M | $649M | $878M | $751M | 14% |
| Operating income | $67M | −$48M | −$115M | −$79M | $48M | 161% |
| Net income | −$9M | −$32M | −$112M | −$89M | $48M | 154% |
| Operating cash flow | $235M | −$18M | $146M | $223M | $35M | 84% |
| Capex | $1M | $27M | $58M | $16M | $4M | 74% |
| Stock-based comp | $97M | $156M | $184M | $189M | $110M | 41% |
| Dividends | $6M | $13M | $13M | $20M | $23M | 13% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $5M | −$16M | 147 | 151 |
| FY2024 | $27M | $86M | 200 | 131 |
| FY2023 | $12M | $25M | 101 | 100 |
| FY2022 | $7M | −$9M | 79 | 89 |