PJT Partners Inc.

PJT Financial Capital Markets

PJT Partners Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.7 billion, up 14.8% from fiscal 2024. In the quarter to June 2026, revenue grew 19.5%, EPS grew 34.7% and free cash flow grew 26.5%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for three.

137.12 1.00 +0.73%
Market cap
$3.5B
P/E
17.9×
Fwd P/E
23.7×
Dividend yield
0.73%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
Piotroski F-Score
— 4 6 6 7 6 6 4 7 8
P/E ratio
0.00 0.00 31.51 36.71 15.74 17.43 20.99 31.00 29.89 23.85
P/S ratio
1.14 1.71 1.46 1.51 1.75 1.86 1.85 2.20 2.69 2.51
P/FCF ratio
5.50 7.74 7.33 5.35 4.00 15.71 7.92 5.80 7.61 8.95
P/Operating CF
28.72 21.27 181.64 8.72 10.88 (195.75) (53.45) 20.49 20.52 27.62
P/B ratio
0.00 2.02 1.74 1.89 2.68 2.90 2.50 2.95 4.46 4.26
Price to Tangible BV
0.00 2.52 3.23 2.99 3.82 4.20 3.33 3.75 5.76 5.31
EV/Sales
0.84 1.42 1.33 1.30 1.52 1.71 1.72 1.93 2.40 2.22
EV/EBITDA
14.65 38.84 14.99 8.09 5.61 6.68 7.44 10.40 11.96 10.18
EV/Operating CF
3.58 6.35 6.28 4.40 3.40 13.69 7.29 5.04 6.74 7.24
EV/FCF
4.03 6.42 6.67 4.59 3.46 14.45 7.39 5.09 6.78 7.93
Quick Ratio
2.39 2.89 2.67 2.95 1.89 3.29 4.38 3.05 2.37 2.47
Current Ratio
2.39 2.89 2.67 2.95 1.89 3.29 4.38 3.05 2.37 2.47
Net Debt/EBITDA
(5.34) (8.00) (1.48) (1.69) (1.05) (0.79) (0.73) (1.66) (1.62) (1.44)
Debt/Assets
0.00% 0.00% 4.47% 2.26% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt/Equity
0.00 0.00 0.06 0.04 0.00 0.00 0.00 0.00 0.00 0.00
Asset Turnover
0.94 0.87 0.94 0.88 0.99 0.92 1.01 0.93 0.97 0.99
Operating CF/Net income
(38.51) (3.42) 4.57 7.16 4.00 1.17 2.68 5.40 3.95 2.92
Capex/Depreciation
(0.93) (0.13) (0.72) (0.27) (0.24) (0.19) (0.09) (0.11) (0.11) (1.47)
ROE
(25.80%) (15.73%) 5.91% 5.56% 18.62% 16.02% 12.96% 10.09% 15.25% 18.85%
ROA
(0.57%) (5.66%) 4.37% 3.63% 11.06% 9.83% 8.88% 6.58% 8.75% 10.36%
ROIC
0.00% 2.27% 6.30% 13.52% 39.91% 31.38% 21.48% 21.95% 40.48% 45.58%
Return on Tangible Assets
(1.17%) (12.84%) 11.33% 8.94% 40.61% 28.09% 22.11% 18.52% 27.62% 28.93%
Average Days of Receivables
166.31 139.18 136.99 115.72 80.88 106.44 113.09 83.41 78.41 86.12
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
10.74% 11.40% 10.39% 9.30% 6.84% 8.06% 7.74% 9.08% 8.13% 7.79%
Intangible Assets out of Total Assets
0.15 0.15 0.34 0.22 0.17 0.20 0.18 0.13 0.13 0.11
Share Based Compensation of Revenue
17.82% 23.22% 20.33% 15.55% 11.49% 10.98% 16.14% 15.48% 14.01% 13.67%
Graham Net Nets
(0.38) 0.23 0.16 0.06 0.03 0.08 0.11 0.02 0.02 0.03
Graham Number
2.12 0.00 24.84 25.73 54.95 49.42 49.53 49.86 64.87 78.66
Earnings Yield
(1.37%) (4.57%) 3.17% 2.72% 6.35% 5.74% 4.76% 3.23% 3.35% 4.19%
Free Cash Flow Yield
18.19% 12.92% 13.65% 18.69% 24.99% 6.36% 12.63% 17.25% 13.14% 11.17%
Revenue per Share
27.30 26.48 26.52 29.89 42.96 39.74 40.89 45.66 58.66 66.62
Operating CF per Share
6.39 5.90 5.62 8.80 19.16 4.97 9.68 17.48 20.86 20.46
Capex per Share
(0.72) (0.06) (0.33) (0.37) (0.36) (0.26) (0.14) (0.16) (0.13) (1.78)
Free Cash Flow per Share
5.67 5.84 5.29 8.43 18.80 4.72 9.54 17.33 20.73 18.68
Cash per Share
8.33 7.72 4.85 9.00 12.23 8.03 6.91 14.08 19.01 20.95
Shareholders Equity per Share
(0.47) 22.40 22.29 23.93 28.08 25.54 30.29 34.10 35.42 39.23
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
(0.47) 22.40 22.29 23.93 28.08 25.54 30.29 34.10 35.42 39.23
Free Cash Flow
103.76 110.15 115.73 202.45 460.59 117.69 239.30 437.61 527.65 480.44
Working Capital
221.03 219.78 202.54 293.11 250.54 340.79 378.83 415.80 464.43 561.55
Capital Expenditures
(13.09) (1.06) (7.21) (8.81) (8.85) (6.47) (3.43) (3.93) (3.30) (45.86)
Net Current Asset Value
(219.04) 199.50 139.81 65.21 48.92 139.70 199.89 45.26 70.97 108.97
EV/EBIT
28.82 70.30 18.60 11.32 6.43 7.75 8.78 12.54 13.23 11.11
Capex to Sales
0.03 0.00 0.01 0.01 0.01 0.01 0.00 0.00 0.00 0.03
Price to Operating Income
39.34 84.78 20.43 13.18 7.43 8.43 9.41 14.28 14.85 12.54
Other line items
Depreciation/Fixed assets
0.37 0.24 0.29 0.88 0.94 0.94 1.18 1.42 1.29 0.51
Cash ROIC
72.12% 19.39% 18.55% 24.93% 46.65% 14.04% 25.65% 35.97% 38.08% 31.04%
Accounts Receivable Turnover
2.52 2.39 2.84 3.22 4.57 3.80 3.38 3.97 5.11 4.73
Accounts Payable Turnover
16.25 22.88 20.44 20.32 26.95 25.76 27.57 34.21 36.91 34.22
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Days of Payables
16.63 15.73 21.20 18.00 13.86 13.55 13.52 10.11 11.89 10.73
Days of Inventory on Hand
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Receivables
198.58 208.97 204.08 222.64 230.34 261.22 303.51 290.64 292.16 362.55
Average Payables
23.44 17.11 20.77 24.71 25.36 24.85 24.27 23.54 27.96 33.84
Average Assets
528.86 574.72 615.39 812.30 1,062.19 1,079.62 1,019.14 1,242.82 1,535.16 1,739.29
Average Common Equity
11.76 206.95 455.10 531.13 631.18 662.71 698.57 810.36 881.40 955.34

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