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

$12.77

+0.23 (+1.83%)

Weekly Expected Move ±12.3%

$9 $11 $12 $14 $15

NASDAQ · Financial Services · Financial - Capital Markets · Tech Score Strong Sell · Power 36 · $1.4B mcap · 70M float · 2.18% daily turnover · Short 61% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: none of note held by US funds details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

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.

WEAK EDGE

42.2 / 100

NoneWeakNarrowWide

Primary source: Intangible Assets · ROIC: 107.5%

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 shows a Weak competitive edge (42.2/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Intangible Assets. ROIC of 107.5% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

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

$19

Avg Target

$19

High

Based on 5 analyst ratings (12 mo)

Analyst Recommendations

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

Rating Summary

ConsensusBuy

Avg Target$19.40

Analysts5

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-06-12	Goldman Sachs	—	$20	$16	-4	+3.4%	$15.47
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+

Oct 27, 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.

★ ★ ★ ★ ★ 41 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 (72/100) and lowest in Growth (16/100). 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

1.56

Grey Zone

Piotroski F-Score

5/9

✓ ✓ ✗ ✓ ✓ ✗ ✗ ✓ ✗

Beneish M-Score

-3.17

Unlikely Manipulator

Ohlson O-Score

-6.37

Bankruptcy prob: 0.2%

Low Risk

Credit Rating

B+

Score: 32.9/100

Trend: Improving

Earnings Quality

75/100

OCF/NI: 4.25x

Accruals: -11.5%

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 1.56, placing it in the Grey Zone (safe > 3.0, distress < 1.5). Financial distress is possible and warrants monitoring. 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 -3.17 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 0.2% 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: 32.9/100), 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

39.14x

PEG

-0.59x

P/S

2.04x

P/B

-20.68x

P/FCF

18.27x

P/OCF

17.07x

EV/EBITDA

36.98x

EV/Revenue

2.43x

EV/EBIT

73.37x

EV/FCF

18.99x

Earnings Yield

1.38%

FCF Yield

5.47%

Shareholder Yield

5.36%

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 39.1x earnings, PWP commands a growth premium.

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

0.770

NI / EBT

Interest Burden

1.264

EBT / EBIT

EBIT Margin

0.033

EBIT / Rev

Asset Turnover

1.101

Rev / Assets

Equity Multiplier

-3.437

Assets / Equity

ROE

-12.2%

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 -12.2% is driven by Asset Turnover (1.101), 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.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$1.87

Price/Value

8.53x

Margin of Safety

-753.31%

Premium

753.31%

Assessment

Overvalued

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 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. PWP trades at a 753% premium to its adjusted intrinsic value of $1.87, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 39.1x.

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 1487 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$12.77

Median 1Y

$12.39

5th Pctile

$6.13

95th Pctile

$25.01

Ann. Volatility

43.2%

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

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	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	Q2'26	Current
ROE	-4.9%	-5.1%	-0.5%	16.7%	14.3%	13.6%	2.7%	-3.7%	-5.8%	-11.9%	-32.5%	1.6%	88.6%	48.2%	14.3%	-19.0%	-14.1%	-12.9%	-8.2%	-12.2%	-12.19%
ROA	-0.9%	-0.9%	-0.1%	3.7%	2.9%	2.5%	0.8%	-0.9%	-1.3%	-2.3%	-8.7%	-18.6%	-13.3%	-7.9%	-2.0%	9.1%	6.4%	4.2%	3.4%	3.5%	3.55%
ROIC	-11.7%	95.6%	5.7%	-29.4%	-1.5%	3.4%	-28.0%	-44.3%	-59.5%	7.1%	-63.5%	56.9%	22.4%	9.7%	4.2%	-29.6%	-19.5%	-1.5%	-41.6%	1.1%	1.07%
ROCE	3.2%	2.7%	-2.2%	-7.5%	-6.5%	-11.3%	-14.3%	-16.8%	-20.1%	-23.7%	-29.4%	-35.7%	-19.5%	-17.0%	-2.7%	14.3%	8.4%	9.8%	5.4%	4.2%	4.22%
Gross Margin	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%	96.3%	96.28%
Operating Margin	-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%	3.2%	3.23%
Net Margin	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%	3.4%	3.39%
EBITDA Margin	-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%	7.0%	6.95%
FCF Margin	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%	12.8%	12.78%
OCF Margin	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%	13.7%	13.68%
ROA 3Y Avg	snapshot only																				-1.61%
ROIC Economic	snapshot only																				15.84%
Cash ROA	snapshot only																				14.62%
Cash ROIC	snapshot only																				5.35%
CROIC	snapshot only																				4.99%
NOPAT Margin	snapshot only																				2.75%
Pretax Margin	snapshot only																				4.18%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				11.48%
SBC / Revenue	snapshot only																				-7.20%

Valuation

Metric	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	Q2'26	Current
P/E Ratio	-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	72.53	39.136
P/S Ratio	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	2.34	2.037
P/B Ratio	9.00	8.70	5.40	3.71	3.72	5.97	5.62	4.91	5.90	6.79	7.71	-3.07	-3.68	-4.08	-4.27	-5.99	-7.04	-9.17	-11.91	-35.15	-20.682
P/FCF	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	18.27	18.270
P/OCF	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	17.07	17.068
EV/EBITDA	33.37	26.18	116.70	-24.64	-21.44	-16.64	-14.86	-10.53	-10.18	-8.90	-10.02	-4.67	-9.71	-25.77	207.93	19.84	29.98	17.55	40.25	36.98	36.980
EV/Revenue	1.22	0.78	0.80	0.65	0.61	1.06	1.29	1.09	1.34	1.34	2.05	1.19	1.36	1.71	1.47	2.23	2.81	1.69	2.83	2.43	2.427
EV/EBIT	65.29	64.65	-76.12	-14.50	-13.23	-13.15	-12.38	-8.93	-8.79	-7.74	-8.84	-4.25	-8.35	-19.08	-109.41	24.99	41.85	24.68	72.91	73.37	73.373
EV/FCF	1.97	1.30	5.91	7.68	258.22	-15.16	14.24	34.58	179.82	9.87	53.38	20.41	5.50	7.24	5.96	9.02	28.69	41.52	20.22	18.99	18.990
Earnings Yield	-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%	1.4%	1.38%
FCF Yield	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%	5.5%	5.47%
EV/OCF	snapshot only																				17.741
EV/Gross Profit	snapshot only																				1.945
Acquirers Multiple	snapshot only																				85.583
Shareholder Yield	snapshot only																				5.36%

Leverage & Solvency

Metric	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	Q2'26	Current
Current Ratio	1.73	1.59	3.18	1.61	2.14	1.45	2.67	2.12	1.88	1.48	2.32	3.79	5.05	1.17	2.18	3.07	4.84	1.15	1.07	1.44	1.444
Quick Ratio	1.73	1.59	3.18	1.61	2.14	1.45	2.67	2.12	1.88	1.48	2.32	3.79	5.05	1.17	2.18	3.07	4.84	1.15	1.07	1.44	1.444
Debt/Equity	0.38	0.34	0.27	0.77	1.14	1.20	1.27	1.22	1.22	1.15	1.09	-0.64	-0.52	-0.44	-0.57	-0.58	-0.61	-2.78	-1.18	-3.92	-3.915
Net Debt/Equity	-2.95	-3.65	-1.23	-0.38	-0.89	-1.08	0.27	-0.08	-0.17	-1.08	0.12	—	—	—	—	—	—	—	—	—	—
Debt/Assets	0.07	0.06	0.09	0.19	0.25	0.23	0.32	0.29	0.28	0.23	0.30	0.28	0.23	0.21	0.33	0.30	0.28	0.44	0.31	0.28	0.278
Debt/EBITDA	2.11	1.78	7.52	-5.72	-8.65	-4.10	-3.19	-2.65	-2.16	-1.80	-1.39	-0.98	-1.55	-3.22	26.51	1.89	2.60	4.91	3.76	3.96	3.963
Net Debt/EBITDA	-16.31	-18.94	-34.57	2.85	6.76	3.68	-0.69	0.17	0.29	1.69	-0.15	0.02	1.21	3.80	10.61	0.41	-0.01	1.36	2.16	1.40	1.402
Interest Coverage	1.54	1.30	-2.16	-108.72	-108.37	-185.17	-304.99	-548.03	-1343.57	—	—	—	—	—	—	—	—	—	—	—	—
Equity Multiplier	5.30	5.69	3.14	4.08	4.51	5.22	3.93	4.13	4.40	4.99	3.60	-2.28	-2.25	-2.08	-1.77	-1.91	-2.15	-6.26	-3.85	-14.09	-14.085
Cash Ratio	snapshot only																				1.100
Cash to Debt	snapshot only																				0.646
FCF to Debt	snapshot only																				0.491
Defensive Interval	snapshot only																				66.2 days

Efficiency & Turnover

Metric	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	Q2'26	Current
Asset Turnover	0.94	1.14	1.55	1.18	1.00	0.88	1.23	1.11	0.98	0.88	1.12	1.18	1.20	1.07	1.71	1.39	1.04	0.90	1.18	1.10	1.101
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	9.42	17.50	13.51	10.96	11.49	11.00	10.13	13.92	10.71	11.21	11.99	10.26	11.07	14.51	18.91	12.60	11.82	11.04	17.19	16.42	16.419
Payables Turnover	—	17.38	14.83	24.15	22.15	10.11	8.85	11.36	9.81	8.67	8.55	9.19	8.63	8.73	8.86	7.82	6.45	0.40	-1.68	-3.30	—
DSO	39	21	27	33	32	33	36	26	34	33	30	36	33	25	19	29	31	33	21	22	22.2 days
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	—	—	—
DPO	0	21	25	15	16	36	41	32	37	42	43	40	42	42	41	47	57	912	—	—	—
Cash Conversion Cycle	39	-0	2	18	15	-3	-5	-6	-3	-10	-12	-4	-9	-17	-22	-18	-26	-879	—	—	—
Fixed Asset Turnover	snapshot only																				3.350
Cash Velocity	snapshot only																				5.950
Capital Intensity	snapshot only																				0.936

Growth (YoY)

Metric	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	Q2'26	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%	-20.9%	-20.87%
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%	-61.2%	-61.22%
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%	-62.0%	-61.99%
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%	-59.2%	-59.18%
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%	-53.9%	-53.89%
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%	-74.9%	-74.90%
OCF Growth	snapshot only																				-57.00%
Asset Growth	snapshot only																				6.31%
Debt Growth	snapshot only																				-3.09%
Shares Change	snapshot only																				2.04%
Dividend Growth	snapshot only																				-23.43%

Growth (CAGR)

Metric	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	Q2'26	Current
Revenue 3Y	—	—	—	—	—	—	—	—	—	—	48.5%	17.7%	11.6%	2.3%	8.0%	8.6%	5.4%	5.9%	4.0%	3.3%	3.29%
Revenue 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	29.5%	9.2%	9.16%
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	35.2%	29.5%	37.7%	63.1%	—	—
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	43.8%	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	39.2%	35.3%	25.7%	71.9%	—	—
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	46.4%	—	—
EBITDA 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	9.4%	—	—	—	—	—	—
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	33.1%	9.7%	9.73%
Gross Profit 3Y	—	—	—	—	—	—	—	—	—	—	63.6%	23.8%	15.4%	7.8%	10.5%	10.0%	7.7%	44.9%	49.0%	53.9%	53.93%
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	77.6%	44.7%	44.72%
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	23.5%	-19.5%	-19.45%
FCF 3Y	—	—	—	—	—	—	—	—	—	—	-44.2%	-47.1%	-17.6%	-25.1%	32.2%	55.7%	2.6%	—	20.4%	64.8%	64.84%
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-6.8%	-21.0%	-20.98%
OCF 3Y	—	—	—	—	—	—	—	—	—	—	-19.6%	-34.7%	-14.3%	-23.2%	32.8%	52.2%	95.1%	—	1.0%	6.9%	6.94%
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-5.9%	-19.9%	-19.93%
Assets 3Y	—	—	—	—	—	—	—	—	—	—	2.4%	1.9%	6.9%	6.9%	6.6%	3.9%	1.0%	3.6%	4.3%	3.5%	3.48%
Assets 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.9%	1.1%	1.11%
Equity 3Y	—	—	—	—	—	—	—	—	—	—	29.7%	—	—	—	—	—	—	—	—	—	—
Book Value 3Y	—	—	—	—	—	—	—	—	—	—	30.8%	—	—	—	—	—	—	—	—	—	—
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	-26.9%	-19.0%	17.1%	45.3%	41.4%	33.0%	-6.0%	-2.5%	-15.8%	-12.5%	-12.48%

Growth Quality

Metric	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	Q2'26	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	0.65	0.646
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	0.02	0.021
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	0.26	0.262
Rev. Growth Consistency	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	0.00	0.000
Earn. Growth Consistency	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	0.00	0.000
FCF Positive Streak	0	0	1	1	1	0	1	1	1	0	1	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	0.50	0.500
Earnings Smoothness	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.12	0.118
ROE Trend	—	—	—	—	—	—	0.01	-0.08	-0.10	-0.15	-0.31	—	—	—	—	—	—	—	—	—	—
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	0.86	0.864
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	-0.03	-0.025
Sustainable Growth Rate	—	—	—	-13.4%	-17.1%	-29.9%	-28.8%	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Internal Growth Rate	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	3.3%	2.0%	1.0%	—	—	—

Cash Flow Quality

Metric	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	Q2'26	Current
OCF/Net Income	-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	4.25	4.249
FCF/OCF	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	0.93	0.934
FCF/Net Income	snapshot only																				3.970
OCF/EBITDA	snapshot only																				2.084
CapEx/Revenue	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%	0.9%	0.90%
CapEx/Depreciation	snapshot only																				0.276
Accruals Ratio	-0.59	-0.70	-0.21	-0.07	0.01	0.05	-0.19	-0.15	-0.12	-0.22	-0.22	-0.32	-0.47	-0.35	-0.46	-0.26	-0.04	0.00	-0.14	-0.12	-0.115
Sloan Accruals	snapshot only																				-0.171
Cash Flow Adequacy	snapshot only																				2.658
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	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	Q2'26	Current
Dividend Yield	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%	1.8%	2.19%
Dividend/Share	$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	$0.29	$0.28
Payout Ratio	—	—	—	1.8%	2.2%	3.2%	11.6%	—	—	—	—	—	—	—	—	65.5%	69.7%	76.5%	1.4%	1.3%	1.32%
FCF Payout Ratio	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%	33.2%	33.24%
Total Payout Ratio	—	—	—	6.2%	7.0%	9.1%	32.8%	—	—	—	—	—	—	—	—	2.5%	3.0%	2.5%	5.2%	3.9%	3.89%
Div. Increase Streak	0	0	1	1	0	1	0	1	0	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	-0.20	-0.200
Buyback Yield	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%	4.0%	3.5%	3.55%
Net Buyback Yield	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%	4.0%	3.5%	3.55%
Total Shareholder Return	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%	5.5%	5.4%	5.36%

DuPont Factors

Metric	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	Q2'26	Current
Tax Burden (NI/EBT)	-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	0.77	0.770
Interest Burden (EBT/EBIT)	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	1.26	1.264
EBIT Margin	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	0.03	0.033
Asset Turnover	0.94	1.14	1.55	1.18	1.00	0.88	1.23	1.11	0.98	0.88	1.12	1.18	1.20	1.07	1.71	1.39	1.04	0.90	1.18	1.10	1.101
Equity Multiplier	5.30	5.69	4.52	4.52	4.88	5.44	3.51	4.11	4.45	5.10	3.75	-8.64	-6.67	-6.10	-7.16	-2.08	-2.20	-3.05	-2.44	-3.44	-3.437

Per Share

Metric	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	Q2'26	Current
EPS (Diluted TTM)	$-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	$0.22	$0.22
Book Value/Share	$1.34	$1.35	$1.61	$1.46	$1.60	$1.55	$1.54	$1.63	$1.66	$1.75	$1.79	$-5.18	$-5.17	$-5.76	$-4.26	$-3.22	$-3.02	$-1.89	$-1.53	$-0.45	$3.56
Tangible Book/Share	$0.61	$0.64	$0.91	$0.76	$0.89	$0.87	$0.86	$0.97	$1.03	$1.13	$1.21	$-6.10	$-5.87	$-6.41	$-4.86	$-3.66	$-3.44	$-3.15	$-2.34	$-1.25	$-1.25
Revenue/Share	$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	$6.83	$9.29
FCF/Share	$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	$0.87	$1.19
OCF/Share	$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	$0.94	$1.27
Cash/Share	$4.46	$5.39	$2.41	$1.69	$3.24	$3.54	$1.53	$2.11	$2.30	$3.91	$1.73	$3.39	$4.80	$5.59	$1.47	$1.47	$1.85	$3.79	$0.77	$1.15	$1.56
EBITDA/Share	$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	$0.45	$0.45
Debt/Share	$0.51	$0.46	$0.43	$1.13	$1.82	$1.87	$1.95	$1.98	$2.02	$2.01	$1.95	$3.32	$2.70	$2.56	$2.45	$1.87	$1.84	$5.24	$1.80	$1.78	$1.78
Net Debt/Share	$-3.95	$-4.93	$-1.98	$-0.56	$-1.42	$-1.68	$0.42	$-0.13	$-0.28	$-1.89	$0.22	$-0.07	$-2.10	$-3.03	$0.98	$0.40	$-0.01	$1.45	$1.03	$0.63	$0.63

Academic Models

Metric	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	Q2'26	Current
Altman-B Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.557
Altman Z-Prime	snapshot only																				4.463
Piotroski F-Score	3	3	6	7	7	3	6	4	3	4	3	7	6	6	6	6	5	5	6	5	5
Beneish M-Score	—	—	-3.10	-3.16	-2.68	-1.59	-3.80	-3.06	-2.63	-3.58	-2.77	-3.35	-3.59	-3.58	-4.08	-3.95	-3.28	-2.67	-3.37	-3.17	-3.171
Ohlson O-Score	snapshot only																				-6.374
Net-Net WC	snapshot only																				$-2.27
EVA	snapshot only																				$17198920.58

Credit

Metric	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	Q2'26	Current
Credit Rating	snapshot only																				B+
Credit Score	63.12	63.58	64.63	92.97	81.89	76.14	70.29	58.51	53.07	62.83	41.17	20.00	20.00	20.00	20.00	27.75	28.92	30.37	27.41	32.95	32.949
Credit Grade	snapshot only																				14
Credit Trend	snapshot only																				5.197
Implied Spread (bps)	snapshot only																				650.000
Industry Credit Rank	snapshot only																				16
Sector Credit Rank	snapshot only																				17

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

Sign in to InsiderStreet