Pricing Log in Create free account
Saturday 17 October 2026 Export PJT’s income statement to Excel — free account

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
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% (at or above 15%: strong)
Next Y revenue growth 8.95%
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.

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

PJT Partners Inc. vs peers in Capital Markets (Q) = latest quarter vs a year earlier

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%

All 93 Capital Markets stocks →

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.

Source: company filings (standardised) and stockrow calculations.

PJT Partners Inc. (PJT) Latest News

No news at this impact. Lower the threshold for more.
stockrow.com/PJT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com