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.

Revenue
−13.9%
EPS
+35.4%
Free cash flow
+26.5%

Quarter to September 2026, against a year earlier

153.45 4.67 −2.95%
Market cap
$3.9B
P/E
18.7×
Fwd P/E
35.4×
Dividend yield
0.65%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

PJT Partners Inc. (PJT) Free cash flow margin

Alert me on Free cash flow margin

PJT Partners Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 0.00%, down 28.0 percentage points from fiscal 2025 (28.0%). Over the past ten years it has ranged from 11.9% (fiscal 2021) to 43.8% (fiscal 2020); the current reading is higher than 64% of that period. That is in line with the Capital Markets industry median of 0.00% and below the Financial sector median of 11.4%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 28.0% (7.30)
FY2024 35.3% (2.61)
FY2023 38.0% 14.62
FY2022 23.3% 11.47
FY2021 11.9% (31.91)
FY2020 43.8% 15.56
FY2019 28.2% 8.26
FY2018 20.0% (2.11)
FY2017 22.1% 1.28
FY2016 20.8% 1.88

Against its own ten years

Low 11.9% High 43.8%
Ten-year median 23.3%
Current reading's percentile 64

Free cash flow margin against peers

Company Free cash flow margin
MC Moelis & Company compare 27.5%
LAZ Lazard, Inc. compare 21.0%
MIAX Miami International Holdings, Inc. compare 13.9%
BGC BGC Group, Inc. compare 13.4%
PIPR Piper Sandler Companies compare 0.00%
PJT PJT Partners Inc. 0.00%
MRX Marex Group PLC compare 0.00%
GLXY Galaxy Digital Inc. compare −3.29%
FIGR Figure Technology Solutions, Inc. compare −14.8%
Capital Markets industry median 0.00%
Financial sector median 11.4%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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