Saturday 17 October 2026
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PJT Partners Inc.
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%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
8 | 7 | 4 | 6 | 6 | 7 | 6 | 6 | 4 | — |
P/E ratio |
23.85 | 29.89 | 31.00 | 20.99 | 17.43 | 15.74 | 36.71 | 31.51 | 0.00 | 0.00 |
P/S ratio |
2.51 | 2.69 | 2.20 | 1.85 | 1.86 | 1.75 | 1.51 | 1.46 | 1.71 | 1.14 |
P/FCF ratio |
8.95 | 7.61 | 5.80 | 7.92 | 15.71 | 4.00 | 5.35 | 7.33 | 7.74 | 5.50 |
P/Operating CF |
27.62 | 20.52 | 20.49 | (53.45) | (195.75) | 10.88 | 8.72 | 181.64 | 21.27 | 28.72 |
P/B ratio |
4.26 | 4.46 | 2.95 | 2.50 | 2.90 | 2.68 | 1.89 | 1.74 | 2.02 | 0.00 |
Price to Tangible BV |
5.31 | 5.76 | 3.75 | 3.33 | 4.20 | 3.82 | 2.99 | 3.23 | 2.52 | 0.00 |
EV/Sales |
2.22 | 2.40 | 1.93 | 1.72 | 1.71 | 1.52 | 1.30 | 1.33 | 1.42 | 0.84 |
EV/EBITDA |
10.18 | 11.96 | 10.40 | 7.44 | 6.68 | 5.61 | 8.09 | 14.99 | 38.84 | 14.65 |
EV/Operating CF |
7.24 | 6.74 | 5.04 | 7.29 | 13.69 | 3.40 | 4.40 | 6.28 | 6.35 | 3.58 |
EV/FCF |
7.93 | 6.78 | 5.09 | 7.39 | 14.45 | 3.46 | 4.59 | 6.67 | 6.42 | 4.03 |
Quick Ratio |
2.47 | 2.37 | 3.05 | 4.38 | 3.29 | 1.89 | 2.95 | 2.67 | 2.89 | 2.39 |
Current Ratio |
2.47 | 2.37 | 3.05 | 4.38 | 3.29 | 1.89 | 2.95 | 2.67 | 2.89 | 2.39 |
Net Debt/EBITDA |
(1.44) | (1.62) | (1.66) | (0.73) | (0.79) | (1.05) | (1.69) | (1.48) | (8.00) | (5.34) |
Debt/Assets |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.26% | 4.47% | 0.00% | 0.00% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.06 | 0.00 | 0.00 |
Asset Turnover |
0.99 | 0.97 | 0.93 | 1.01 | 0.92 | 0.99 | 0.88 | 0.94 | 0.87 | 0.94 |
Operating CF/Net income |
2.92 | 3.95 | 5.40 | 2.68 | 1.17 | 4.00 | 7.16 | 4.57 | (3.42) | (38.51) |
Capex/Depreciation |
(1.47) | (0.11) | (0.11) | (0.09) | (0.19) | (0.24) | (0.27) | (0.72) | (0.13) | (0.93) |
| 18.85% | 15.25% | 10.09% | 12.96% | 16.02% | 18.62% | 5.56% | 5.91% | (15.73%) | (25.80%) | |
| 10.36% | 8.75% | 6.58% | 8.88% | 9.83% | 11.06% | 3.63% | 4.37% | (5.66%) | (0.57%) | |
ROIC |
45.58% | 40.48% | 21.95% | 21.48% | 31.38% | 39.91% | 13.52% | 6.30% | 2.27% | 0.00% |
Return on Tangible Assets |
28.93% | 27.62% | 18.52% | 22.11% | 28.09% | 40.61% | 8.94% | 11.33% | (12.84%) | (1.17%) |
Average Days of Receivables |
86.12 | 78.41 | 83.41 | 113.09 | 106.44 | 80.88 | 115.72 | 136.99 | 139.18 | 166.31 |
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 |
7.79% | 8.13% | 9.08% | 7.74% | 8.06% | 6.84% | 9.30% | 10.39% | 11.40% | 10.74% |
Intangible Assets out of Total Assets |
0.11 | 0.13 | 0.13 | 0.18 | 0.20 | 0.17 | 0.22 | 0.34 | 0.15 | 0.15 |
Share Based Compensation of Revenue |
13.67% | 14.01% | 15.48% | 16.14% | 10.98% | 11.49% | 15.55% | 20.33% | 23.22% | 17.82% |
Graham Net Nets |
0.03 | 0.02 | 0.02 | 0.11 | 0.08 | 0.03 | 0.06 | 0.16 | 0.23 | (0.38) |
Graham Number |
78.66 | 64.87 | 49.86 | 49.53 | 49.42 | 54.95 | 25.73 | 24.84 | 0.00 | 2.12 |
Earnings Yield |
4.19% | 3.35% | 3.23% | 4.76% | 5.74% | 6.35% | 2.72% | 3.17% | (4.57%) | (1.37%) |
Free Cash Flow Yield |
11.17% | 13.14% | 17.25% | 12.63% | 6.36% | 24.99% | 18.69% | 13.65% | 12.92% | 18.19% |
Revenue per Share |
66.62 | 58.66 | 45.66 | 40.89 | 39.74 | 42.96 | 29.89 | 26.52 | 26.48 | 27.30 |
Operating CF per Share |
20.46 | 20.86 | 17.48 | 9.68 | 4.97 | 19.16 | 8.80 | 5.62 | 5.90 | 6.39 |
Capex per Share |
(1.78) | (0.13) | (0.16) | (0.14) | (0.26) | (0.36) | (0.37) | (0.33) | (0.06) | (0.72) |
Free Cash Flow per Share |
18.68 | 20.73 | 17.33 | 9.54 | 4.72 | 18.80 | 8.43 | 5.29 | 5.84 | 5.67 |
Cash per Share |
20.95 | 19.01 | 14.08 | 6.91 | 8.03 | 12.23 | 9.00 | 4.85 | 7.72 | 8.33 |
Shareholders Equity per Share |
39.23 | 35.42 | 34.10 | 30.29 | 25.54 | 28.08 | 23.93 | 22.29 | 22.40 | (0.47) |
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 |
39.23 | 35.42 | 34.10 | 30.29 | 25.54 | 28.08 | 23.93 | 22.29 | 22.40 | (0.47) |
Free Cash Flow |
480.44 | 527.65 | 437.61 | 239.30 | 117.69 | 460.59 | 202.45 | 115.73 | 110.15 | 103.76 |
Working Capital |
561.55 | 464.43 | 415.80 | 378.83 | 340.79 | 250.54 | 293.11 | 202.54 | 219.78 | 221.03 |
Capital Expenditures |
(45.86) | (3.30) | (3.93) | (3.43) | (6.47) | (8.85) | (8.81) | (7.21) | (1.06) | (13.09) |
Net Current Asset Value |
108.97 | 70.97 | 45.26 | 199.89 | 139.70 | 48.92 | 65.21 | 139.81 | 199.50 | (219.04) |
EV/EBIT |
11.11 | 13.23 | 12.54 | 8.78 | 7.75 | 6.43 | 11.32 | 18.60 | 70.30 | 28.82 |
Capex to Sales |
0.03 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.03 |
Price to Operating Income |
12.54 | 14.85 | 14.28 | 9.41 | 8.43 | 7.43 | 13.18 | 20.43 | 84.78 | 39.34 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.51 | 1.29 | 1.42 | 1.18 | 0.94 | 0.94 | 0.88 | 0.29 | 0.24 | 0.37 |
Cash ROIC |
31.04% | 38.08% | 35.97% | 25.65% | 14.04% | 46.65% | 24.93% | 18.55% | 19.39% | 72.12% |
Accounts Receivable Turnover |
4.73 | 5.11 | 3.97 | 3.38 | 3.80 | 4.57 | 3.22 | 2.84 | 2.39 | 2.52 |
Accounts Payable Turnover |
34.22 | 36.91 | 34.21 | 27.57 | 25.76 | 26.95 | 20.32 | 20.44 | 22.88 | 16.25 |
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 |
10.73 | 11.89 | 10.11 | 13.52 | 13.55 | 13.86 | 18.00 | 21.20 | 15.73 | 16.63 |
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 |
362.55 | 292.16 | 290.64 | 303.51 | 261.22 | 230.34 | 222.64 | 204.08 | 208.97 | 198.58 |
Average Payables |
33.84 | 27.96 | 23.54 | 24.27 | 24.85 | 25.36 | 24.71 | 20.77 | 17.11 | 23.44 |
Average Assets |
1,739.29 | 1,535.16 | 1,242.82 | 1,019.14 | 1,079.62 | 1,062.19 | 812.30 | 615.39 | 574.72 | 528.86 |
Average Common Equity |
955.34 | 881.40 | 810.36 | 698.57 | 662.71 | 631.18 | 531.13 | 455.10 | 206.95 | 11.76 |
Columns are period end dates