Perella Weinberg Reports Strong 2024 Results, Driven by Revenue Growth and Talent Investment

Perella Weinberg Partners (PWP), a leading global independent advisory firm, reported strong full-year and fourth-quarter 2024 results, driven by significant revenue growth and strategic talent investment. The company's financial performance was highlighted by a 35% increase in full-year revenues to $878 million, compared to $648.7 million in 2023. This growth was primarily attributed to larger transactions in size and number across the business, with both mergers and acquisition and financing and capital solutions activity contributing to the increase.



The company's fourth-quarter revenues also showed a 6% increase to $225.7 million, compared to $212.7 million in the same period in 2023. This growth was driven by higher transaction volumes and larger deal sizes, as well as the company's ability to attract and retain top talent. Perella Weinberg added five partners and eleven managing directors in 2024, further strengthening its expertise and expanding its service offerings.



Perella Weinberg's capital management strategy also contributed to its strong performance in 2024. The company maintained a strong balance sheet with $407 million of cash and short-term investments and no debt. Additionally, Perella Weinberg returned $282 million in aggregate to equity holders in 2024, demonstrating its commitment to shareholder value. The company declared a quarterly dividend of $0.07 per share and retired approximately 14.5 million shares and share equivalents through purchase, exchange, and net settlement.



Perella Weinberg's record 2024 results were driven by strong momentum across its platform, with higher year-over-year revenue recorded in all service lines. The company's clients continue to place a high value on tailored, trusted advice and select Perella Weinberg for their most transformative transactions. As the company begins 2025 with improving market conditions, it remains focused on helping its clients tackle increasingly complex strategic and financial challenges.



In conclusion, Perella Weinberg Partners' strong 2024 results were driven by significant revenue growth, strategic talent investment, and a solid capital management strategy. The company's ability to attract and retain top talent, combined with its commitment to shareholder value, positions it well to continue its growth trajectory in 2025 and beyond. As the company enters the new year with improving market conditions, it remains focused on helping its clients navigate complex strategic and financial challenges.