Perella Weinberg Partners (Perella Weinberg Partners) EBIT : $-143.4 Mil (TTM As of Mar. 2024)

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What is Perella Weinberg Partners EBIT?

Perella Weinberg Partners's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-53.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $-143.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Perella Weinberg Partners's annualized ROC % for the quarter that ended in Mar. 2024 was -79.87%. Perella Weinberg Partners's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -90.61%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Perella Weinberg Partners's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -16.93%.

Perella Weinberg Partners EBIT Historical Data

The historical data trend for Perella Weinberg Partners's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Perella Weinberg Partners EBIT Chart

Perella Weinberg Partners Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-146.20

-5.15

30.56

-21.14

-112.54

Perella Weinberg Partners Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial												-22.69	-21.75	-26.69	-41.41	-53.56

Competitive Comparison of Perella Weinberg Partners's EBIT

For the Capital Markets subindustry, Perella Weinberg Partners's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Perella Weinberg Partners's EV-to-EBIT Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Perella Weinberg Partners's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Perella Weinberg Partners's EV-to-EBIT falls into.

Perella Weinberg Partners EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-143.4 Mil.

Perella Weinberg Partners (NAS:PWP) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Perella Weinberg Partners's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-214.252 * ( 1 - -37.51% )	/	( (370.657	+	367.117)	/ 2 )
=	-294.6179252	/	368.887
=	-79.87 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	761.108	-	52.106	-	( 338.345	-	max(0, 52.106	-	392.622	+	338.345	))
=	370.657

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	583.589	-	59.778	-	( 156.694	-	max(0, 59.778	-	221.058	+	156.694	))
=	367.117

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Perella Weinberg Partners's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-214.252	/	( ( (237.587 + max(-1.404, 0))	+	(234.304 + max(1.031, 0)) )	/	2 )
=	-214.252	/	( ( 237.587	+	235.335 )	/	2 )
=	-214.252	/	236.461
=	-90.61 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(47.771	+	0	+	2.931)	-	(52.106	+	0	+	0)
=	-1.404

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(57.884	+	0	+	2.925)	-	(59.778	+	0	+	0)
=	1.031

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Perella Weinberg Partners's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	-143.417	/	846.990
	=	-16.93 %

Perella Weinberg Partners EBIT Related Terms

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Perella Weinberg Partners (Perella Weinberg Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Perella Weinberg Partners (NAS:PWP) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

767 Fifth Avenue, New York, NY, USA, 10153

Website

https://www.pwpartners.com

Perella Weinberg Partners is an independent investment banking firm. It provides strategic, financial, and tactical advice in connection with executing complex mergers, acquisitions, company sales, and corporate divestitures, including carve-outs, joint ventures, and spin-offs, and relating to takeover preparedness and defense.

Executives

Vladimir Shendelman	officer: General Counsel	767 FIFTH AVENUE, NEW YORK NY 10153
Daniel G Cohen	director	712 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019
Kristin W Mugford	director	BAIN CAPITAL PARTNERS LLC, JOHN HANCOCK TOWER, 200 CLARENDON STREET, BOSTON MA 02116
Elizabeth C Fascitelli	director	C/O FORTRESS CAPITAL ACQUISITION CORP., 1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Fintech Masala, Llc	10 percent owner	3 COLUMBUS CIRCLE 24TH FL, NEW YORK NY 10019
Pwp Professional Partners Lp	director	767 FIFTH AVENUE, NEW YORK NY 10153
Andrew Bednar	director, officer: Co-President	767 FIFTH AVENUE, NEW YORK NY 10153
Dietrich Becker	director, officer: Co-President	767 FIFTH AVENUE, NEW YORK NY 10153
Alexandra Gottschalk	officer: See Remarks	767 FIFTH AVENUE, NEW YORK NY 10153
Fintech Masala Advisors Iv, Llc	10 percent owner	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Laura Kohn	director	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Jan Rock Zubrow	director	2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Fintech Investor Holdings Iv, Llc	10 percent owner	3 COLUMBUS CIRCLE 24TH FL, NEW YORK NY 10019
Cohen Sponsor Interests Iv, Llc	10 percent owner	3 COLUMBUS CIRCLE 24TH FL, NEW YORK NY 10019
Fintech Masala Holdings, Llc	10 percent owner	3 COLUMBUS CIRCLE 24TH FL, NEW YORK NY 10019