Financial - Capital Markets
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PWP vs LAZ
Revenue, margins, valuation, and 5-year total return — side by side.
Financial - Capital Markets
PWP vs LAZ — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Financial - Capital Markets | Financial - Capital Markets |
| Market Cap | $1.96B | $4.37B |
| Revenue (TTM) | $751M | $3.19B |
| Net Income (TTM) | $20M | $237M |
| Gross Margin | 97.2% | 31.8% |
| Operating Margin | 6.4% | 13.0% |
| Forward P/E | 17.5x | 14.6x |
| Total Debt | $354M | $2.58B |
| Cash & Equiv. | $256M | $1.50B |
PWP vs LAZ — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Nov 20 | May 26 | Return |
|---|---|---|---|
| Perella Weinberg Pa… (PWP) | 100 | 184.5 | +84.5% |
| Lazard Ltd (LAZ) | 100 | 124.8 | +24.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: PWP vs LAZ
Each card shows where this stock fits in a portfolio — not just who wins on paper.
PWP is the clearest fit if your priority is long-term compounding.
- 108.8% 10Y total return vs LAZ's 99.1%
LAZ carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 1 yrs, beta 1.79, yield 3.8%
- Rev growth 3.2%, EPS growth -19.0%
- Lower volatility, beta 1.79, current ratio 29.35x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 3.2% NII/revenue growth vs PWP's -14.5% | |
| Value | Lower P/E (14.6x vs 17.5x) | |
| Quality / Margins | Efficiency ratio 0.2% vs PWP's 0.9% (lower = leaner) | |
| Stability / Safety | Beta 1.79 vs PWP's 1.85 | |
| Dividends | 3.8% yield, 1-year raise streak, vs PWP's 1.8% | |
| Momentum (1Y) | +20.2% vs PWP's +17.3% | |
| Efficiency (ROA) | Efficiency ratio 0.2% vs PWP's 0.9% |
PWP vs LAZ — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
PWP vs LAZ — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
LAZ leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
LAZ is the larger business by revenue, generating $3.2B annually — 4.2x PWP's $751M. Profitability is closely matched — net margins range from 7.4% (LAZ) to 4.7% (PWP).
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $751M | $3.2B |
| EBITDAEarnings before interest/tax | $45M | $384M |
| Net IncomeAfter-tax profit | $20M | $237M |
| Free Cash FlowCash after capex | $96M | $519M |
| Gross MarginGross profit ÷ Revenue | +97.2% | +31.8% |
| Operating MarginEBIT ÷ Revenue | +6.4% | +13.0% |
| Net MarginNet income ÷ Revenue | +4.7% | +7.4% |
| FCF MarginFCF ÷ Revenue | +4.1% | +15.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -91.7% | -43.8% |
Valuation Metrics
LAZ leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 21.5x trailing earnings, LAZ trades at a 39% valuation discount to PWP's 35.2x P/E. On an enterprise value basis, LAZ's 12.1x EV/EBITDA is more attractive than PWP's 29.9x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $2.0B | $4.4B |
| Enterprise ValueMkt cap + debt − cash | $2.1B | $5.4B |
| Trailing P/EPrice ÷ TTM EPS | 35.16x | 21.46x |
| Forward P/EPrice ÷ next-FY EPS est. | 17.54x | 14.56x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 29.91x | 12.12x |
| Price / SalesMarket cap ÷ Revenue | 2.61x | 1.37x |
| Price / BookPrice ÷ Book value/share | 4.76x | 5.01x |
| Price / FCFMarket cap ÷ FCF | 64.36x | 8.65x |
Profitability & Efficiency
Evenly matched — PWP and LAZ each lead in 4 of 8 comparable metrics.
Profitability & Efficiency
LAZ delivers a 26.7% return on equity — every $100 of shareholder capital generates $27 in annual profit, vs $16 for PWP. PWP carries lower financial leverage with a 1.36x debt-to-equity ratio, signaling a more conservative balance sheet compared to LAZ's 2.61x. On the Piotroski fundamental quality scale (0–9), LAZ scores 5/9 vs PWP's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +16.3% | +26.7% |
| ROA (TTM)Return on assets | +3.0% | +5.2% |
| ROICReturn on invested capital | +7.0% | +9.5% |
| ROCEReturn on capital employed | +9.7% | +9.5% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 1.36x | 2.61x |
| Net DebtTotal debt minus cash | $98M | $1.1B |
| Cash & Equiv.Liquid assets | $256M | $1.5B |
| Total DebtShort + long-term debt | $354M | $2.6B |
| Interest CoverageEBIT ÷ Interest expense | — | 4.74x |
Total Returns (Dividends Reinvested)
PWP leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PWP five years ago would be worth $17,773 today (with dividends reinvested), compared to $11,951 for LAZ. Over the past 12 months, LAZ leads with a +20.2% total return vs PWP's +17.3%. The 3-year compound annual growth rate (CAGR) favors PWP at 36.0% vs LAZ's 21.8% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +10.6% | -5.4% |
| 1-Year ReturnPast 12 months | +17.3% | +20.2% |
| 3-Year ReturnCumulative with dividends | +151.3% | +80.6% |
| 5-Year ReturnCumulative with dividends | +77.7% | +19.5% |
| 10-Year ReturnCumulative with dividends | +108.8% | +99.1% |
| CAGR (3Y)Annualised 3-year return | +36.0% | +21.8% |
Risk & Volatility
LAZ leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
LAZ is the less volatile stock with a 1.79 beta — it tends to amplify market swings less than PWP's 1.85 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. LAZ currently trades 79.3% from its 52-week high vs PWP's 74.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.85x | 1.79x |
| 52-Week HighHighest price in past year | $25.93 | $58.75 |
| 52-Week LowLowest price in past year | $15.74 | $38.67 |
| % of 52W HighCurrent price vs 52-week peak | +74.6% | +79.3% |
| RSI (14)Momentum oscillator 0–100 | 44.8 | 46.3 |
| Avg Volume (50D)Average daily shares traded | 845K | 1.5M |
Analyst Outlook
LAZ leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates PWP as "Buy" and LAZ as "Buy". Consensus price targets imply 4.7% upside for PWP (target: $20) vs 1.7% for LAZ (target: $47). For income investors, LAZ offers the higher dividend yield at 3.77% vs PWP's 1.85%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $20.25 | $47.33 |
| # AnalystsCovering analysts | 4 | 29 |
| Dividend YieldAnnual dividend ÷ price | +1.8% | +3.8% |
| Dividend StreakConsecutive years of raises | 0 | 1 |
| Dividend / ShareAnnual DPS | $0.36 | $1.75 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.7% | +2.1% |
LAZ leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). PWP leads in 1 (Total Returns). 1 tied.
PWP vs LAZ: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is PWP or LAZ a better buy right now?
For growth investors, Lazard Ltd (LAZ) is the stronger pick with 3.
2% revenue growth year-over-year, versus -14. 5% for Perella Weinberg Partners (PWP). Lazard Ltd (LAZ) offers the better valuation at 21. 5x trailing P/E (14. 6x forward), making it the more compelling value choice. Analysts rate Perella Weinberg Partners (PWP) a "Buy" — based on 4 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — PWP or LAZ?
On trailing P/E, Lazard Ltd (LAZ) is the cheapest at 21.
5x versus Perella Weinberg Partners at 35. 2x. On forward P/E, Lazard Ltd is actually cheaper at 14. 6x.
03Which is the better long-term investment — PWP or LAZ?
Over the past 5 years, Perella Weinberg Partners (PWP) delivered a total return of +77.
7%, compared to +19. 5% for Lazard Ltd (LAZ). Over 10 years, the gap is even starker: PWP returned +108. 8% versus LAZ's +99. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — PWP or LAZ?
By beta (market sensitivity over 5 years), Lazard Ltd (LAZ) is the lower-risk stock at 1.
79β versus Perella Weinberg Partners's 1. 85β — meaning PWP is approximately 3% more volatile than LAZ relative to the S&P 500. On balance sheet safety, Perella Weinberg Partners (PWP) carries a lower debt/equity ratio of 136% versus 3% for Lazard Ltd — giving it more financial flexibility in a downturn.
05Which is growing faster — PWP or LAZ?
By revenue growth (latest reported year), Lazard Ltd (LAZ) is pulling ahead at 3.
2% versus -14. 5% for Perella Weinberg Partners (PWP). On earnings-per-share growth, the picture is similar: Perella Weinberg Partners grew EPS 145. 1% year-over-year, compared to -19. 0% for Lazard Ltd. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — PWP or LAZ?
Lazard Ltd (LAZ) is the more profitable company, earning 7.
4% net margin versus 4. 7% for Perella Weinberg Partners — meaning it keeps 7. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: LAZ leads at 13. 0% versus 6. 4% for PWP. At the gross margin level — before operating expenses — PWP leads at 97. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is PWP or LAZ more undervalued right now?
On forward earnings alone, Lazard Ltd (LAZ) trades at 14.
6x forward P/E versus 17. 5x for Perella Weinberg Partners — 3. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PWP: 4. 7% to $20. 25.
08Which pays a better dividend — PWP or LAZ?
All stocks in this comparison pay dividends.
Lazard Ltd (LAZ) offers the highest yield at 3. 8%, versus 1. 8% for Perella Weinberg Partners (PWP).
09Is PWP or LAZ better for a retirement portfolio?
For long-horizon retirement investors, Lazard Ltd (LAZ) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (3.
8% yield). Perella Weinberg Partners (PWP) carries a higher beta of 1. 85 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (LAZ: +99. 1%, PWP: +108. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between PWP and LAZ?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: PWP is a small-cap quality compounder stock; LAZ is a small-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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