Perella Weinberg Partners (PWP) Shares Fall 3.5% -- What GF Score of 66 Tells Investors
On August 14, 2026, Perella Weinberg Partners (PWP) shares fell 3.5% to $17.39, reflecting a challenging performance over the past year with a significant drop

Perella Weinberg Partners operates as an independent investment banking firm, furnishing strategic and financial advisory services to clients both in the United ...
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$0.28 per share
Est. EPS $0.26 · Revenue $221.51M · 4 analysts
Est. EPS $0.50 · Revenue $322.56M · 4 analysts
Est. EPS $1.00 · Revenue $849.48M · 4 analysts
$0.28 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $750.9M | -14.5% | +5.1% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $35.5M | +154.8% | +256.7% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +97.2% | +142.5% | +0.2% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +6.4% | +171.5% | +137.3% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +4.7% | +164.1% | +239.4% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $30.5M | -85.3% | +142.2% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +4.1% | -82.8% | +140.1% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | -277.7% | -524.6% | -232.7% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.15x | -1.1% | +35.4% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $797.6M | -9.0% | +8.3% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.55 vs 0.61 | -10.2% | 0.06 vs 0.06 | +9.1% |
| Revenue Surprise | $750.9M vs $703.4M | +6.8% | $156.5M vs $144.8M | +8.1% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Sep 1, 2026 | PWP VoteCo Professionals LP | director | Class B-1 Common Stock | D | 1,997,030 | — |
| Aug 31, 2026 | STEEL ROBERT K | director | Class A Common Stock | A | 30,000 | — |
| Aug 31, 2026 | STEEL ROBERT K | director | Class A Common Stock | D | 15,298 | $16.98 |
| Aug 31, 2026 | STEEL ROBERT K | director | Performance-Based Stock Units | D | 30,000 | — |
| Aug 31, 2026 | Gottschalk Alexandra | officer: CFO and COO | Class A Common Stock | A | 4,000 | — |
Operator: Shortly. Team will be happy to help you. Your meeting will begin shortly. If you need any assistance at any time, please press 0, and a member of our team will be happy to help you. Please stand by. Your meeting is about to begin. Good morning, everyone. Welcome to the Perella Weinberg Second Quarter 2026 Earnings Conference Call. After the prepared remarks, the call will be open for your questions. And finally, at any time, if you should need any operator assistance, please press 0. Please be advised that today's call is being recorded. I will now turn the call over to Ms. Taylor Reinhardt, Head of Communications and Marketing. Please go ahead, ma'am. Taylor Reinhardt: Thank you, operator, and welcome all. Joining me today are Andrew Bednar, Chief Executive Officer and Chairman, and Alexandra Gottschalk, Chief Financial Officer and Chief Operating Officer. Before we begin, I would like to note that this call may contain forward-looking statements. Including Perella Weinberg's expectations of future financial and business performance, and conditions and industry outlook. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those discussed in the forward-looking statements and are not guarantees of future events or performance. Please refer to Perella Weinberg's most recent SEC filings for a discussion of certain of these risks and uncertainties. The forward-looking statements are based on our current beliefs and expectations. And the firm undertakes no obligation to update any forward-looking statements. During the call, there will also be a discussion of some metrics, which are non-GAAP financial measures, which management believes are relevant in assessing the financial performance of the business. Perella Weinberg has reconciled these items to the most comparable GAAP measures in the press release filed with today's Form 8-K, which can be found on the company's website. I will now turn the call over to Andrew Bednar to discuss our results. Andrew Bednar: Thank you, Taylor, and good morning. Today, we reported second quarter revenues of $157 million, bringing our first half revenues to $305 million, down 17% compared to last year. Booked revenue does not yet reflect the momentum we are seeing across our business. Announced transactions have picked up significantly. We are running ahead of where we were at this point in 2025. The pace has accelerated this summer, with nearly 40% of our year-to-date announcements occurring since the start of June. M&A weighted with recent elevated activity in our 10 transactions announced in the quarter. The number of companies facing significant 2029 and 2030 maturities and increasing rating agency pressure is larger than ever. And we expect the environment for our financing and capital solutions business to remain robust. We also reached an important milestone this quarter by closing on our private …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Dietrich Becker | Partner of London, President & Director | USD 3,024,026 | Male | 1963 | Active |
Andrew Bednar | Chief Executive Officer, Partner of New York & Director | USD 1,510,500 | Male | — | Active |
Peter Amory Weinberg | Co-Founder, Founding Partner & Chairman | USD 510,500 | Male | 1958 | Active |
Daniel Avrutsky | Partner | — | Male | 1973 | Active |
Saahil Sajnani | Managing Director of New York | — | Male | — | Active |
Titus W. Leung | Partner for Advisory Business - New York | — | Male | — | Active |
Michele Abrams | Managing Director | — | Female | — | Active |
Michael Grace | Partner of Advisory - New York | — | Male | — | Active |
Christopher Blake | Partner of Healthcare Group | — | Male | — | Active |
Taylor Reinhardt | Executive Director & Head of Investor Relations | — | Female | — | Active |
On August 14, 2026, Perella Weinberg Partners (PWP) shares fell 3.5% to $17.39, reflecting a challenging performance over the past year with a significant drop

Perella Weinberg Partners (PWP) Q2 2026 Earnings Call Transcript

Perella Weinberg Partners NASDAQ: PWP reported second-quarter revenue of $157 million, up 1% from a year earlier, as the independent advisory firm said transaction announcements and its revenue backlog accelerated heading into the second half of 2026.

Financial Overview - Second Quarter Revenues of $157 Million, Up 1% From a Year Ago GAAP Pre-Tax Income of $6 Million, Adjusted Pre-Tax Income of $27 Million GAAP Diluted EPS of $0.06, Adjusted EPS of $0.20 Financial Overview - First Half Revenues of $305 Million, Down 17% From a Year Ago GAAP Pre-Tax Loss of $(5) Million, Adjusted Pre-Tax Income of $23 Million GAAP Diluted EPS of $0.08, Adjusted EPS of $0.25 Talent Investment Year-To-Date Added Ten Partners and Eleven Managing Directors Six Additional Partners and Three Additional Managing Directors to Join Firm in Coming Months Capital Management Strong Balance Sheet with $116 Million of Cash and No Debt Year-To-Date Retired More Than Two Million Shares and Share Equivalents through Net Settlement Year-To-Date Returned $73 Million in Aggregate to Equity Holders Declared Quarterly Dividend of $0.07 Per Share “Momentum continues to build across our business – the pace of our announced transactions has accelerated and our booked revenue plus announced and pending backlog stands well above the level this time last year. We remain focused on our clear and simple strategy to scale our business by continuing to add senior talent, and we expect to close our acquisition of Gleacher Shacklock in the third quarter,” stated Andrew Bednar, Chief Executive Officer and Chairman.

NEW YORK, July 31, 2026 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (NASDAQ:PWP), a leading global independent advisory firm, today announced the promotion of eight Managing Directors to Partners of the Firm.
