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) Gross margin

Alert me on Gross margin

PJT Partners Inc.'s gross margin over the twelve months to 30 September 2026 was 33.1%, up 0.7 percentage points from fiscal 2025 (32.4%). Over the past ten years it has ranged from 21.6% (fiscal 2017) to 35.5% (fiscal 2021); the current reading is higher than 73% of that period. That is below the Capital Markets industry median of 68.2% and below the Financial sector median of 70.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 32.4% 1.55
FY2024 30.9% 0.72
FY2023 30.2% (4.59)
FY2022 34.8% (0.73)
FY2021 35.5% 0.42
FY2020 35.1% 5.03
FY2019 30.0% 3.18
FY2018 26.9% 5.27
FY2017 21.6% (2.13)
FY2016 23.7% 1.36

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 32.9% (0.13)
Jun 2026 33.0% 0.06
Mar 2026 33.0% (0.38)
Dec 2025 33.4% 1.20
43 more quarters

Against its own ten years

Low 21.6% High 35.5%
Ten-year median 30.2%
Current reading's percentile 74

Gross margin against peers

Company Gross margin
MC Moelis & Company compare 100.0%
LAZ Lazard, Inc. compare 100.0%
MRX Marex Group PLC compare 100.0%
PIPR Piper Sandler Companies compare 99.0%
BGC BGC Group, Inc. compare 97.6%
FIGR Figure Technology Solutions, Inc. compare 87.5%
MIAX Miami International Holdings, Inc. compare 35.0%
PJT PJT Partners Inc. 33.1%
GLXY Galaxy Digital Inc. compare 0.40%
Capital Markets industry median 68.2%
Financial sector median 70.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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