Saturday 17 October 2026 Export PJT’s income statement to Excel — free account

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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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

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 3.74

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	2	—	1	3	—	—

Insider Ownership 7.16%

Capital & Financial Ratios $m

Market Cap 3,480.00

Revenue 1,886.75

Net Income 344.68

Free Cash Flow 661.83

Net Debt (235.54)

Current Ratio 2.08

Debt/Equity 0.00

P/E ratio 17.95

Fwd P/E 23.70

P/S ratio 1.95

P/B ratio 3.74

Past 5Y EPS Growth 8.71%

This Y EPS Growth 7.35%

Next Y EPS Growth 16.49%

Next Y revenue growth 7.78%

Next 5Y EPS Growth 10.35%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 21.70%

10-year low 10-year high

P/S against its own 10 years 66.94%

10-year low 10-year high

P/B against its own 10 years 74.85%

10-year low 10-year high

Dividends

Payout Ratio 0.14

Annual Dividend Rate 1.00

Annual Dividend Yield 0.73%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.00	0.25 0.25 0.25
2025	1.00	0.25 0.25 0.25 0.25
2024	1.00	0.25 0.25 0.25 0.25
2023	1.00	0.25 0.25 0.25 0.25
2022	1.00	0.25 0.25 0.25 0.25
2021	0.20	0.05 0.05 0.05 3.00 0.05
2020	0.20	0.05 0.05 0.05 0.05
2019	0.20	0.05 0.05 0.05 0.05
2018	0.20	0.05 0.05 0.05 0.05
2017	0.20	0.05 0.05 0.05 0.05
2016	0.20	0.05 0.05 0.05 0.05

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	356	484	539	236
Receivables	264	321	404	394
Inventory	—	—	—	—
Other	—	—	—	—
	619	805	943	630

	2023	2024	2025	Q'26
Payables	22	34	34	38
ST’ Debt	—	—	—	—
Other	—	—	—	—
	203	340	382	303

Compound Annual Growth %

	10y	5y	3y
Sales	15.49%	10.24%	18.67%
Cash Flow	16.72%	2.31%	29.43%
Earnings	37.28%	8.92%	25.77%
Book Value	41.18%	7.97%	9.93%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	418	486	—	—	—
’25	325	407	447	535	1,714
’24	329	360	326	477	1,493
’23	200	346	278	329	1,153
’22	246	233	266	280	1,026
’21	207	241	231	313	992
’20	200	233	298	322	1,052

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	64	237	—	—	—
’25	(76)	190	256	156	526
’24	(39)	194	180	196	531
’23	(23)	191	150	124	442
’22	(42)	160	161	(35)	243
’21	(150)	102	181	(9)	124
’20	(25)	147	178	169	469

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	56	226	—	—	—
’25	(78)	179	241	139	480
’24	(39)	193	179	195	528
’23	(25)	190	150	123	438
’22	(43)	159	160	(36)	239
’21	(150)	100	178	(11)	118
’20	(30)	146	176	169	461

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	2.21	1.66	—	—	—
’25	1.99	1.21	1.47	1.97	6.68
’24	1.22	1.06	0.79	1.36	4.92
’23	0.67	0.86	0.68	0.87	3.12
’22	1.00	0.74	0.82	0.95	3.51
’21	1.03	0.89	0.82	1.32	3.99
’20	0.72	0.86	1.22	1.67	4.40

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	19.96	30.03	35.28	35.99	23.63	64.81	54.48	59.61	88.51	119.76	Analyst estimates 2026–2028 Powerpack
	High	32.35	46.31	61.18	47.17	79.39	89.50	81.41	104.16	168.92	190.28
People
People	Employees	419	473	590	678	749	833	907	1,012	1,143	1,224
	Revenue/emp, $m	1.19	1.06	0.98	1.06	1.40	1.19	1.13	1.14	1.31	1.40
Income, $m
Income, $m	Revenue	499	499	580	718	1,052	992	1,026	1,153	1,493	1,714
	Gross margin, %	23.71	21.58	26.85	30.03	35.06	35.48	34.75	30.16	30.88	32.43
	EBT	15	10	42	82	248	219	201	178	271	343
	EBT margin, %	2.90	2.01	7.15	11.45	23.56	22.12	19.65	15.40	18.12	20.01
	Net income	5	(28)	43	64	212	190	165	146	238	310
	Depreciation	14	8	10	33	36	35	36	37	29	31
Per share, $
Per share, $	Revenue	27.30	26.48	26.52	29.89	42.96	39.74	40.89	45.66	58.66	66.62
	Earnings	(0.17)	(1.73)	1.23	1.23	4.80	4.25	3.61	3.24	5.28	7.00
	Cash flow	6.39	5.90	5.62	8.80	19.16	4.97	9.68	17.48	20.86	20.46
	Capex	(0.72)	(0.06)	(0.33)	(0.37)	(0.36)	(0.26)	(0.14)	(0.16)	(0.13)	(1.78)
	Free cash flow	5.67	5.84	5.29	8.43	18.80	4.72	9.54	17.33	20.73	18.68
	Book value	(0.47)	22.40	22.29	23.93	28.08	25.54	30.29	34.10	35.42	39.23
	Shares, m	18	19	22	24	24	25	25	25	25	26
Valuation, ×
Valuation, ×	P/E	0.00	0.00	31.51	36.71	15.74	17.43	20.99	31.00	29.89	23.85
	P/S	1.14	1.71	1.46	1.51	1.75	1.86	1.85	2.20	2.69	2.51
	P/B	0.00	2.02	1.74	1.89	2.68	2.90	2.50	2.95	4.46	4.26
	EV/Sales	0.84	1.42	1.33	1.30	1.52	1.71	1.72	1.93	2.40	2.22
	EV/FCF	4.03	6.42	6.67	4.59	3.46	14.45	7.39	5.09	6.78	7.93
Cash, $m
Cash, $m	Operating cash flow	117	111	123	211	469	124	243	442	531	526
	Capex	(13)	(1)	(7)	(9)	(9)	(6)	(3)	(4)	(3)	(46)
	Free cash flow	104	110	116	202	461	118	239	438	528	480
Balance, $m
Balance, $m	Working capital	221	220	203	293	251	341	379	416	464	562
	Total debt	—	0	30	22	144	127	104	—	—	—
	Net debt	(152)	(146)	(76)	(194)	(300)	(200)	(173)	(356)	(484)	(539)
	Shareholders’ equity	(9)	422	488	575	688	638	760	861	902	1,009
Returns, %
Returns, %	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
	ROE	(25.80)	(15.73)	5.91	5.56	18.62	16.02	12.96	10.09	15.25	18.85

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MRX Marex Group PLC	$5.2B	16.7×	11.3×	+76.97% (above 0%: growing)	+94.87% (above 0%: growing)	+54.74% (above 0%: growing)	100.00%	21.10%	Compare
PIPR Piper Sandler Companies	$4.6B	14.2×	16.3×	+24.88% (above 0%: growing)	+58.10% (above 0%: growing)	+58.77% (above 0%: growing)	98.91%	20.27%	Compare
MC Moelis & Company	$4.5B	18.0×	21.5×	+12.05% (above 0%: growing)	+16.36% (above 0%: growing)	+8.25% (above 0%: growing)	100.00%	17.79%	Compare
LAZ Lazard, Inc.	$3.5B	16.3×	14.6×	+1.47% (above 0%: growing)	−94.64% (below 0%: shrinking)	+434.39% (above 0%: growing)	100.00%	4.66%	Compare
PJT PJT Partners Inc.	$3.5B	17.9×	23.7×	+19.52% (above 0%: growing)	+34.65% (above 0%: growing)	+26.53% (above 0%: growing)	33.04%	20.99%
MARA Marathon Digital Holdings, Inc.	$3.2B	— (loss-making)	— (loss-making)	−26.67% (below 0%: shrinking)	n/m	+85.60% (above 0%: growing)	17.19%	(297.96%)	Compare
MIAX Miami International Holdings, Inc.	$3.1B	26.0×	15.2×	+18.26% (above 0%: growing)	+26.97% (above 0%: growing)	+162.65% (above 0%: growing)	36.40%	7.17%	Compare
PURR Hyperliquid Strategies Inc	$2.7B	— (loss-making)	— (loss-making)	+6,940.21% (above 0%: growing)	n/m	−6,672.51% (below 0%: shrinking)	100.00%	7,380.58%	Compare
CLSK Cleanspark, Inc.	$2.4B	— (loss-making)	— (loss-making)	−30.53% (below 0%: shrinking)	n/m	+202.37% (above 0%: growing)	38.06%	(168.40%)	Compare
Median of peers	$3.4B	16.7×	15.2×	+15.16%	+26.97%	+72.19%	99.46%	12.48%

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PJT Partners Inc. (PJT) key facts

Strength: PJT Partners Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.7 billion, up 14.8% from fiscal 2024.
PJT Partners Inc. (PJT) is a Capital Markets company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, PJT traded at $137.12, a market capitalization of $3.5 billion.
PJT Partners Inc. pays an annual dividend of $1.00 per share, a yield of 0.73%, with a payout ratio of 13.7%.
Return on equity was 18.9% and debt-to-equity 0.00.
Its Piotroski F-score is 8 out of 9 for fiscal 2025.