Also trades as: PWPPW (NASDAQ) · $vol 0M

$15.31

-0.29 (-1.86%)

Pre-Market: $15.48 (+0.17, +1.11%)

Weekly Expected Move ±5.9%

$14 $15 $15 $16 $17

NASDAQ · Financial Services · Financial - Capital Markets · Alpha Radar Strong Sell · Power 32 · $1.4B mcap · 67M float · 1.55% daily turnover · Short 51% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NO EDGE

38.1 / 100

NoneWeakNarrowWide

Primary source: Intangible Assets · ROIC: -70.7%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. PWP has No discernible competitive edge (38.1/100). The business operates without significant structural advantages. The primary source of advantage is Intangible Assets. Negative ROIC of -70.7% indicates the company is currently destroying value, though this may reflect a growth investment phase.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Low

$20

Avg Target

$20

High

Based on 4 analyst ratings (12 mo)

Analyst Recommendations

Strong Buy: 0Buy: 3Hold: 0Sell: 1Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$19.50

Analysts1

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-04-14	Goldman Sachs	—	$22	$20	-2	-7.0%	$20.96
2026-02-09	Goldman Sachs	James Yaro	$19	$22	+2	-7.6%	$23.26
2026-01-20	Goldman Sachs	—	$9	$19	+10	-13.0%	$21.84
2026-01-07	Wolfe Research	—	$29	$21	-8	+12.2%	$18.71
2025-01-03	Wolfe Research	Steven Chubak	Initiated	$29	—	+26.9%	$22.85
2024-04-09	JMP Securities	Devin Ryan	Initiated	$22	—	+41.1%	$15.59
2022-08-09	Goldman Sachs	—	$8	$9	+1	+10.8%	$8.12
2022-07-13	Goldman Sachs	—	Initiated	$8	—	+34.9%	$5.93

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

C+

Jun 09, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. PWP receives an overall rating of C+. Strongest factors: DCF (4/5), ROA (5/5). Areas of concern: ROE (1/5), D/E (1/5), P/E (1/5), P/B (1/5).

Rating Change History

Date	From	To
2026-03-05	C	C+
2026-03-04	C+	C
2026-03-02	C	C+
2026-02-06	B-	C

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 44 Grade C

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. PWP scores highest in Earnings Quality (71/100) and lowest in Profitability (23/100). A grade of C represents mixed fundamentals — strengths in some areas offset by weaknesses.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman-B Score

1.40

Distress Zone

Piotroski F-Score

5/9

✓ ✓ ✓ ✓ ✗ ✗ ✗ ✓ ✗

Beneish M-Score

-2.97

Unlikely Manipulator

Ohlson O-Score

-6.54

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

Score: 27.8/100

Trend: Improving

Earnings Quality

75/100

OCF/NI: 5.18x

Accruals: -9.8%

The Altman-B Score replaces the traditional Z-Score for banks and financial institutions. It weights equity-to-assets, return on assets, retained earnings, market value coverage, and cash reserves — metrics that better capture bank solvency than manufacturing-oriented ratios. PWP scores 1.40, placing it in the Distress Zone (safe > 3.0, distress < 1.5). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. PWP scores 5/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. PWP's score of -2.97 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. PWP's implied 0.1% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. PWP receives an estimated rating of B (score: 27.8/100), with a improving trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). PWP's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

54.92x

PEG

0.80x

P/S

2.10x

P/B

-6.97x

P/FCF

19.13x

P/OCF

18.13x

EV/EBITDA

40.11x

EV/Revenue

2.82x

EV/EBIT

72.66x

EV/FCF

20.15x

Earnings Yield

1.07%

FCF Yield

5.23%

Shareholder Yield

2.53%

Graham Number

—

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 54.9x earnings, PWP is priced for high growth expectations.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.677

NI / EBT

Interest Burden

1.085

EBT / EBIT

EBIT Margin

0.039

EBIT / Rev

Asset Turnover

0.822

Rev / Assets

Equity Multiplier

-3.051

Assets / Equity

ROE

-7.2%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. PWP's ROE of -7.2% is driven by Asset Turnover (0.822), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate

63.12%

Fair P/E

134.75x

Intrinsic Value

$26.07

Price/Value

0.70x

Margin of Safety

30.35%

Premium

-30.35%

Assessment

Undervalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with PWP's realized 63.1% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. At an intrinsic value of $26.07, PWP appears undervalued with a 30% margin of safety. The adjusted fair P/E of 134.7x compares to the current market P/E of 54.9x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1390 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$15.31

Median 1Y

$15.56

5th Pctile

$7.99

95th Pctile

$30.28

Ann. Volatility

40.9%

Analyst Target

$19.50

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Andrew Bednar Chief Executive Officer	$500,000	$—	$6,750,000
Dietrich Becker President	$507,210	$—	$5,500,266
Alexandra Gottschalk Financial ancial Officer	$500,000	$—	$2,500,000
Peter A. Weinberg Chairman	$500,000	$—	$500,000

CEO Pay Ratio

81:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $6,750,000

Avg Employee Cost (SGA/emp): $83,495

Employees: 736

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

736

+6.5% YoY

Revenue / Employee

$1,020,249

Rev: $750,903,000

Profit / Employee

$48,202

NI: $35,477,000

SGA / Employee

$83,495

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
ROE	-12.9%	-8.2%	-5.1%	-0.5%	21.2%	18.9%	13.6%	2.9%	-3.8%	-6.2%	-11.9%	-33.1%	-78.8%	-66.1%	48.2%	8.6%	-42.6%	-34.9%	-12.9%	-7.2%	-7.15%
ROA	-1.8%	-1.1%	-0.9%	-0.1%	3.4%	3.0%	2.5%	0.5%	-0.7%	-1.1%	-2.3%	-6.5%	-15.5%	-13.0%	-7.9%	-1.4%	7.0%	5.7%	4.2%	2.3%	2.34%
ROIC	-99.7%	-55.5%	95.6%	59.4%	7.1%	6.8%	3.4%	4.2%	5.1%	6.4%	7.1%	9.1%	12.8%	8.9%	9.7%	1.6%	-12.8%	-9.2%	-1.5%	-70.7%	-70.74%
ROCE	7.0%	3.9%	2.7%	-2.2%	-8.2%	-8.1%	-11.3%	-14.0%	-16.9%	-20.8%	-23.7%	-30.2%	-42.9%	-29.7%	-17.0%	-2.9%	16.8%	11.0%	9.8%	5.1%	5.12%
Gross Margin	35.7%	36.1%	41.1%	42.6%	40.0%	40.7%	30.5%	46.8%	35.8%	38.9%	22.2%	32.8%	44.9%	37.4%	40.9%	41.9%	48.3%	46.1%	2.2%	96.1%	96.08%
Operating Margin	19.4%	-5.8%	-0.3%	-6.8%	-6.0%	-6.1%	-10.7%	-17.3%	-13.1%	-19.2%	-20.7%	-52.4%	-30.2%	12.9%	9.5%	5.5%	5.8%	5.4%	8.5%	-8.7%	-8.66%
Net Margin	-4.9%	2.0%	-0.2%	5.9%	6.1%	0.8%	-0.8%	-3.9%	0.2%	-1.5%	-4.9%	-35.1%	-24.3%	5.9%	9.2%	8.2%	1.8%	3.6%	4.3%	1.0%	1.00%
EBITDA Margin	6.6%	-3.2%	0.8%	-4.9%	-4.2%	-4.4%	-11.1%	-15.1%	-10.9%	-16.5%	-17.3%	-47.5%	-28.4%	14.7%	11.7%	7.9%	9.0%	8.4%	12.6%	-4.7%	-4.75%
FCF Margin	64.3%	61.7%	60.0%	13.5%	8.4%	0.2%	-7.0%	9.0%	3.1%	0.7%	13.6%	3.8%	5.8%	24.8%	23.6%	24.7%	24.8%	9.8%	4.1%	14.0%	13.99%
OCF Margin	64.4%	61.9%	60.2%	13.8%	9.2%	1.6%	-2.8%	16.1%	12.3%	11.1%	22.5%	11.5%	11.0%	28.0%	25.4%	25.6%	25.2%	10.3%	4.6%	14.8%	14.77%
ROA 3Y Avg	snapshot only																				-1.72%
ROIC Economic	snapshot only																				9.85%
Cash ROA	snapshot only																				12.74%
NOPAT Margin	snapshot only																				3.04%
Pretax Margin	snapshot only																				4.21%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				17.03%
SBC / Revenue	snapshot only																				-3.90%

Valuation

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
P/E Ratio	-114.00	-184.42	-168.97	-1535.57	23.10	27.53	45.92	194.04	-137.03	-103.34	-60.19	-26.04	-7.61	-13.83	-26.57	-119.62	33.32	45.44	32.91	93.85	54.920
P/S Ratio	2.46	1.81	1.34	1.03	0.72	0.80	1.30	1.23	1.11	1.37	1.60	2.02	1.20	1.53	1.96	1.40	2.19	2.81	1.55	2.68	2.098
P/B Ratio	14.73	15.18	8.70	6.41	3.88	4.12	5.97	5.45	5.03	6.19	6.79	8.18	5.70	8.69	-4.08	-3.28	-4.52	-5.05	-9.17	-14.46	-6.967
P/FCF	3.82	2.93	2.23	7.66	8.57	339.64	-18.52	13.58	35.15	185.01	11.74	52.55	20.50	6.19	8.31	5.65	8.83	28.70	38.31	19.13	19.132
P/OCF	3.81	2.93	2.22	7.48	7.89	49.39	—	7.59	8.97	12.43	7.11	17.46	10.88	5.48	7.70	5.45	8.69	27.23	33.56	18.13	18.128
EV/EBITDA	34.00	44.13	26.18	65.03	-1.64	-3.20	-16.64	-11.36	-8.40	-8.64	-8.90	-8.56	-3.80	-9.56	-25.77	165.71	17.17	26.87	17.55	40.11	40.111
EV/Revenue	2.17	1.61	0.78	0.44	0.04	0.09	1.06	0.98	0.87	1.13	1.34	1.75	0.97	1.34	1.71	1.17	1.93	2.52	1.69	2.82	2.819
EV/EBIT	46.42	86.36	64.65	-42.42	-0.97	-1.97	-13.15	-9.47	-7.12	-7.47	-7.74	-7.55	-3.45	-8.22	-19.08	-87.20	21.64	37.51	24.68	72.66	72.660
EV/FCF	3.38	2.61	1.30	3.29	0.51	38.52	-15.16	10.89	27.59	152.69	9.87	45.59	16.60	5.42	7.24	4.75	7.81	25.72	41.52	20.15	20.147
Earnings Yield	-0.9%	-0.5%	-0.6%	-0.1%	4.3%	3.6%	2.2%	0.5%	-0.7%	-1.0%	-1.7%	-3.8%	-13.1%	-7.2%	-3.8%	-0.8%	3.0%	2.2%	3.0%	1.1%	1.07%
FCF Yield	26.2%	34.1%	44.8%	13.1%	11.7%	0.3%	-5.4%	7.4%	2.8%	0.5%	8.5%	1.9%	4.9%	16.2%	12.0%	17.7%	11.3%	3.5%	2.6%	5.2%	5.23%
PEG Ratio	snapshot only																				0.803
EV/OCF	snapshot only																				19.090
EV/Gross Profit	snapshot only																				2.473
Acquirers Multiple	snapshot only																				82.743
Shareholder Yield	snapshot only																				2.53%

Leverage & Solvency

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Current Ratio	1.51	1.51	1.59	1.59	1.59	1.59	1.45	1.45	1.45	1.45	1.48	1.48	1.48	1.48	1.17	1.17	1.17	1.17	1.15	1.15	1.155
Quick Ratio	1.51	1.51	1.59	1.59	1.59	1.59	1.45	1.45	1.45	1.45	1.48	1.48	1.48	1.48	1.17	1.17	1.17	1.17	1.15	1.15	1.155
Debt/Equity	2.77	2.77	0.34	0.34	0.34	0.34	1.20	1.20	1.20	1.20	1.15	1.15	1.15	1.15	-0.44	-0.44	-0.44	-0.44	-2.78	-2.78	-2.777
Net Debt/Equity	-1.69	-1.69	-3.65	-3.65	-3.65	-3.65	-1.08	-1.08	-1.08	-1.08	-1.08	-1.08	-1.08	-1.08	—	—	—	—	—	—	—
Debt/Assets	0.38	0.38	0.06	0.06	0.06	0.06	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.21	0.21	0.21	0.21	0.44	0.44	0.443
Debt/EBITDA	7.22	9.05	1.78	8.12	-2.43	-2.36	-4.10	-3.13	-2.56	-2.04	-1.80	-1.39	-0.95	-1.45	-3.22	26.77	1.91	2.64	4.91	7.31	7.314
Net Debt/EBITDA	-4.42	-5.54	-18.94	-86.23	25.85	25.01	3.68	2.81	2.30	1.83	1.69	1.31	0.89	1.36	3.80	-31.61	-2.25	-3.12	1.36	2.02	2.022
Interest Coverage	2.79	1.54	1.30	-2.16	-108.72	-108.37	-185.17	-304.99	-548.03	-1343.57	—	—	—	—	—	—	—	—	—	—	—
Equity Multiplier	7.32	7.32	5.69	5.69	5.69	5.69	5.22	5.22	5.22	5.22	4.99	4.99	4.99	4.99	-2.08	-2.08	-2.08	-2.08	-6.26	-6.26	-6.263
Cash Ratio	snapshot only																				0.928
Cash to Debt	snapshot only																				0.724
FCF to Debt	snapshot only																				0.272
Defensive Interval	snapshot only																				152.8 days

Efficiency & Turnover

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Asset Turnover	0.82	1.15	1.14	1.24	1.08	1.03	0.88	0.85	0.87	0.86	0.88	0.84	0.98	1.17	1.07	1.21	1.06	0.92	0.90	0.82	0.822
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	10.90	15.25	17.50	17.87	15.49	14.76	11.00	10.64	10.90	10.78	11.21	10.71	12.55	14.96	14.51	16.32	14.39	12.51	11.04	10.12	10.119
Payables Turnover	13.90	18.99	17.38	18.09	15.32	14.31	10.11	9.67	10.07	10.04	8.67	8.64	9.53	11.34	8.73	9.64	8.48	7.06	0.40	-1.85	—
DSO	33	24	21	20	24	25	33	34	34	34	33	34	29	24	25	22	25	29	33	36	36.1 days
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	—	—
DPO	26	19	21	20	24	26	36	38	36	36	42	42	38	32	42	38	43	52	912	—	—
Cash Conversion Cycle	7	5	-0	0	-0	-1	-3	-3	-3	-3	-10	-8	-9	-8	-17	-16	-18	-23	-879	—	—
Fixed Asset Turnover	snapshot only																				3.190
Cash Velocity	snapshot only																				2.688
Capital Intensity	snapshot only																				1.159

Growth (YoY)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue	—	—	—	3.1%	52.8%	4.0%	-23.1%	-22.0%	-7.9%	-4.3%	2.7%	1.4%	16.0%	39.7%	35.4%	59.5%	20.0%	-12.4%	-14.5%	-30.3%	-30.35%
Net Income	—	—	—	-1.2%	3.2%	4.1%	3.7%	8.3%	-1.2%	-1.4%	-2.0%	-13.4%	-21.7%	-10.6%	-2.8%	75.9%	1.5%	1.5%	1.5%	2.7%	2.70%
EPS	—	—	—	-1.2%	3.3%	4.3%	3.9%	8.9%	-1.2%	-1.4%	-2.0%	-12.9%	-34.9%	-13.5%	-3.5%	71.3%	1.3%	1.3%	1.6%	2.3%	2.27%
FCF	—	—	—	-22.8%	-80.0%	-99.6%	-1.1%	-47.8%	-65.6%	2.0%	3.0%	-56.9%	1.2%	45.6%	1.3%	9.3%	4.1%	-65.4%	-85.3%	-60.6%	-60.58%
EBITDA	—	—	—	-53.9%	-1.6%	-1.8%	-2.7%	-10.9%	-2.6%	-3.4%	-1.4%	-1.4%	-1.9%	-49.5%	40.6%	1.1%	1.5%	1.6%	2.2%	5.9%	5.91%
Op. Income	—	—	—	2.5%	-1.5%	-1.6%	-2.0%	-3.1%	-1.4%	-2.1%	-1.4%	-1.4%	-1.8%	-58.7%	31.8%	90.9%	1.4%	1.4%	1.6%	2.8%	2.76%
OCF Growth	snapshot only																				-59.87%
Asset Growth	snapshot only																				-9.02%
Debt Growth	snapshot only																				88.77%
Shares Change	snapshot only																				33.73%
Dividend Growth	snapshot only																				-30.17%

Growth (CAGR)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue 3Y	—	—	—	—	—	—	—	—	—	—	—	48.5%	17.7%	11.6%	2.3%	8.0%	8.6%	5.4%	5.9%	4.0%	4.03%
Revenue 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	29.5%	29.47%
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	35.2%	29.5%	37.7%	63.1%	63.12%
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	43.8%	43.84%
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	39.2%	35.3%	25.7%	71.9%	71.94%
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	46.4%	46.42%
EBITDA 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	9.4%	—	—	—	—	—
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	33.1%	33.06%
Gross Profit 3Y	—	—	—	—	—	—	—	—	—	—	—	63.6%	23.8%	15.4%	7.8%	10.5%	10.0%	7.7%	44.9%	49.0%	49.02%
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	77.6%	77.62%
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	23.5%	23.47%
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	-44.2%	-47.1%	-17.6%	-25.1%	32.2%	55.7%	2.6%	—	20.4%	20.40%
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-6.8%	-6.81%
OCF 3Y	—	—	—	—	—	—	—	—	—	—	—	-19.6%	-34.7%	-14.3%	-23.2%	32.8%	52.2%	95.1%	—	1.0%	0.99%
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-5.9%	-5.87%
Assets 3Y	—	—	—	—	—	—	—	—	—	—	—	11.9%	11.9%	11.9%	6.9%	6.9%	6.9%	6.9%	3.6%	3.6%	3.61%
Assets 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	8.0%	8.00%
Equity 3Y	—	—	—	—	—	—	—	—	—	—	—	27.2%	27.2%	27.2%	—	—	—	—	—	—	—
Book Value 3Y	—	—	—	—	—	—	—	—	—	—	—	28.3%	52.5%	40.3%	—	—	—	—	—	—	—
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	-26.9%	-19.0%	17.1%	45.3%	41.4%	33.0%	-6.0%	-2.5%	-15.8%	-15.83%

Growth Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue Stability	—	—	—	—	—	—	—	0.48	0.54	0.01	0.68	0.32	0.69	0.58	0.04	0.20	0.68	0.44	0.45	0.68	0.676
Earnings Stability	—	—	—	—	—	—	—	0.04	0.02	0.00	0.09	0.58	0.54	0.58	0.61	0.31	0.00	0.00	0.00	0.00	0.000
Margin Stability	—	—	—	—	—	—	—	0.74	0.86	0.88	0.94	0.78	0.89	0.90	0.92	0.89	0.93	0.90	0.43	0.27	0.265
Rev. Growth Consistency	0.00	0.00	0.00	0.50	0.50	0.50	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	0.00	0.00	0.00	0.000
Earn. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.000
FCF Positive Streak	0	0	0	1	1	1	0	1	1	1	0	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	—	—	—	—	—	—	—	0.20	0.20	0.20	0.20	0.20	0.50	0.50	0.50	0.50	0.20	0.20	0.20	0.20	0.200
Earnings Smoothness	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
ROE Trend	—	—	—	—	—	—	—	0.01	-0.06	-0.09	-0.15	-0.33	-0.81	-0.67	—	—	—	—	—	—	—
Gross Margin Trend	—	—	—	—	—	—	—	0.08	0.03	0.01	-0.02	-0.07	-0.03	-0.04	0.04	0.06	0.05	0.07	0.60	0.78	0.777
FCF Margin Trend	—	—	—	—	—	—	—	-0.34	-0.33	-0.30	-0.13	-0.07	0.00	0.24	0.20	0.18	0.20	-0.03	-0.15	-0.00	-0.003
Sustainable Growth Rate	—	—	—	—	-17.0%	-22.7%	-29.9%	-31.0%	—	—	—	—	—	—	—	—	—	—	—	—	—
Internal Growth Rate	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2.5%	1.8%	1.0%	—	—

Cash Flow Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
OCF/Net Income	-29.90	-63.01	-75.94	-205.17	2.93	0.56	-0.99	25.55	-15.28	-8.31	-8.47	-1.49	-0.70	-2.53	-3.45	-21.93	3.83	1.67	0.98	5.18	5.177
FCF/OCF	1.00	1.00	1.00	0.98	0.92	0.15	2.49	0.56	0.26	0.07	0.61	0.33	0.53	0.89	0.93	0.96	0.98	0.95	0.88	0.95	0.948
FCF/Net Income	snapshot only																				4.905
OCF/EBITDA	snapshot only																				2.101
CapEx/Revenue	0.1%	0.1%	0.2%	0.3%	0.7%	1.4%	4.2%	7.1%	9.2%	10.3%	8.9%	7.7%	5.2%	3.2%	1.9%	0.9%	0.4%	0.5%	0.6%	0.8%	0.78%
CapEx/Depreciation	snapshot only																				0.246
Accruals Ratio	-0.55	-0.72	-0.70	-0.17	-0.06	0.01	0.05	-0.13	-0.11	-0.11	-0.22	-0.16	-0.26	-0.46	-0.35	-0.32	-0.20	-0.04	0.00	-0.10	-0.098
Sloan Accruals	snapshot only																				-0.058
Cash Flow Adequacy	snapshot only																				3.101
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Dividend Yield	3.5%	4.2%	4.6%	8.6%	7.8%	8.0%	7.0%	6.0%	6.9%	3.4%	1.6%	1.4%	1.7%	2.6%	2.2%	2.8%	2.0%	1.5%	2.3%	1.5%	1.83%
Dividend/Share	$0.40	$0.51	$0.54	$0.75	$0.42	$0.47	$0.65	$0.52	$0.55	$0.33	$0.18	$0.19	$0.27	$0.49	$0.53	$0.52	$0.38	$0.33	$0.40	$0.27	$0.28
Payout Ratio	—	—	—	—	1.8%	2.2%	3.2%	11.6%	—	—	—	—	—	—	—	—	65.5%	69.7%	76.5%	1.4%	1.40%
FCF Payout Ratio	13.2%	12.4%	10.3%	66.0%	66.8%	27.2%	—	81.1%	2.4%	6.3%	18.2%	71.9%	34.4%	16.0%	18.6%	16.1%	17.4%	44.0%	89.1%	28.5%	28.49%
Total Payout Ratio	—	—	—	—	6.2%	7.0%	9.1%	32.8%	—	—	—	—	—	—	—	—	2.5%	3.0%	2.5%	2.4%	2.38%
Div. Increase Streak	0	0	0	1	1	0	1	0	1	0	0	0	0	0	0	0	0	0	0	0	0
Chowder Number	—	—	—	348.10	0.09	-0.05	0.20	-0.30	0.31	-0.27	-0.70	-0.60	-0.67	0.22	1.42	1.33	1.59	-0.04	-0.27	-0.29	-0.287
Buyback Yield	0.0%	1.1%	1.1%	6.1%	19.0%	17.3%	12.8%	10.9%	6.7%	4.8%	2.5%	0.9%	4.4%	2.6%	4.6%	8.8%	5.5%	5.0%	5.3%	1.0%	1.04%
Net Buyback Yield	0.0%	1.1%	1.1%	1.6%	11.6%	10.3%	8.3%	10.9%	6.7%	4.8%	2.5%	-4.4%	-3.2%	-2.4%	0.7%	8.8%	5.5%	5.0%	5.3%	1.0%	1.04%
Total Shareholder Return	3.5%	5.3%	5.7%	10.3%	19.4%	18.3%	15.3%	16.9%	13.5%	8.2%	4.1%	-3.0%	-1.5%	0.2%	3.0%	11.6%	7.4%	6.5%	7.6%	2.5%	2.53%

DuPont Factors

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Tax Burden (NI/EBT)	-0.72	-1.50	-2.87	-0.21	-17.03	-84.38	-0.83	-0.08	0.07	0.09	0.15	0.34	0.57	0.69	0.95	2.12	0.70	0.81	0.69	0.68	0.677
Interest Burden (EBT/EBIT)	0.64	0.35	0.23	-0.30	0.04	0.01	0.42	0.75	1.00	0.98	1.00	0.99	0.98	0.99	0.87	0.41	1.06	1.13	1.00	1.09	1.085
EBIT Margin	0.05	0.02	0.01	-0.01	-0.04	-0.05	-0.08	-0.10	-0.12	-0.15	-0.17	-0.23	-0.28	-0.16	-0.09	-0.01	0.09	0.07	0.07	0.04	0.039
Asset Turnover	0.82	1.15	1.14	1.24	1.08	1.03	0.88	0.85	0.87	0.86	0.88	0.84	0.98	1.17	1.07	1.21	1.06	0.92	0.90	0.82	0.822
Equity Multiplier	7.32	7.32	5.69	6.29	6.29	6.29	5.44	5.44	5.44	5.44	5.10	5.10	5.10	5.10	-6.10	-6.10	-6.10	-6.10	-3.05	-3.05	-3.051

Per Share

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
EPS (Diluted TTM)	$-0.10	$-0.07	$-0.07	$-0.01	$0.23	$0.22	$0.20	$0.04	$-0.06	$-0.10	$-0.20	$-0.53	$-2.09	$-1.37	$-0.89	$-0.15	$0.58	$0.47	$0.53	$0.19	$0.19
Book Value/Share	$0.79	$0.79	$1.35	$1.35	$1.39	$1.44	$1.55	$1.59	$1.59	$1.59	$1.75	$1.69	$2.80	$2.19	$-5.76	$-5.56	$-4.26	$-4.20	$-1.89	$-1.26	$3.24
Tangible Book/Share	$0.01	$0.01	$0.64	$0.64	$0.66	$0.68	$0.87	$0.89	$0.89	$0.89	$1.13	$1.09	$1.82	$1.42	$-6.41	$-6.18	$-4.74	$-4.67	$-3.15	$-2.10	$-2.10
Revenue/Share	$4.73	$6.64	$8.77	$8.41	$7.49	$7.38	$7.12	$7.06	$7.23	$7.15	$7.43	$6.84	$13.30	$12.39	$12.01	$13.02	$8.81	$7.56	$11.13	$6.78	$9.77
FCF/Share	$3.04	$4.10	$5.26	$1.13	$0.63	$0.02	$-0.50	$0.64	$0.23	$0.05	$1.01	$0.26	$0.78	$3.07	$2.83	$3.22	$2.18	$0.74	$0.45	$0.95	$1.37
OCF/Share	$3.05	$4.11	$5.28	$1.16	$0.69	$0.12	$-0.20	$1.14	$0.89	$0.79	$1.67	$0.79	$1.46	$3.47	$3.06	$3.34	$2.22	$0.78	$0.52	$1.00	$1.44
Cash/Share	$3.52	$3.53	$5.39	$5.41	$5.57	$5.75	$3.54	$3.63	$3.63	$3.63	$3.91	$3.77	$6.25	$4.89	$5.59	$5.39	$4.13	$4.08	$3.79	$2.52	$1.10
EBITDA/Share	$0.30	$0.24	$0.26	$0.06	$-0.20	$-0.21	$-0.46	$-0.61	$-0.75	$-0.94	$-1.12	$-1.40	$-3.40	$-1.74	$-0.80	$0.09	$0.99	$0.71	$1.07	$0.48	$0.48
Debt/Share	$2.18	$2.19	$0.46	$0.47	$0.48	$0.50	$1.87	$1.91	$1.91	$1.91	$2.01	$1.94	$3.22	$2.52	$2.56	$2.47	$1.90	$1.87	$5.24	$3.49	$3.49
Net Debt/Share	$-1.34	$-1.34	$-4.93	$-4.95	$-5.09	$-5.26	$-1.68	$-1.72	$-1.72	$-1.72	$-1.89	$-1.83	$-3.03	$-2.37	$-3.03	$-2.92	$-2.24	$-2.21	$1.45	$0.96	$0.96

Academic Models

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Altman-B Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.401
Altman Z-Prime	snapshot only																				3.645
Piotroski F-Score	3	3	3	6	9	7	3	6	3	3	5	4	7	6	6	7	7	6	5	5	5
Beneish M-Score	—	—	—	-3.45	-2.51	-2.17	-1.59	-2.69	-2.56	-2.55	-3.58	-3.40	-3.95	-4.22	-3.58	-2.99	-2.02	-1.65	-2.67	-2.97	-2.966
Ohlson O-Score	snapshot only																				-6.540
Net-Net WC	snapshot only																				$-2.15

Credit

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Credit Rating	snapshot only																				B
Credit Score	56.57	56.31	62.99	64.20	95.97	87.70	75.85	67.07	54.34	52.83	62.45	51.48	31.18	40.14	20.00	20.00	20.00	25.87	30.41	27.78	27.776
Credit Grade	snapshot only																				15
Credit Trend	snapshot only																				7.776
Implied Spread (bps)	snapshot only																				750.000
Industry Credit Rank	snapshot only																				12
Sector Credit Rank	snapshot only																				12

PWP NASDAQ

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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