Pjt Partners Inc (PJT) reported $1.7B in revenue for fiscal year 2025, up 14.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Asset-light advisory economics let PJT turn rising fees into cash quickly, while steady shareholder payouts keep book equity thin.
From FY2023 through FY2025, operating cash flow exceeded net income every year, not just once, reaching$526.3M versus$180.1M in FY2025. With capex only$45.9M , free cash flow still held at$480.4M , pointing to an asset-light cash engine that grows without tying much capital up in fixed assets.
ROE looks spectacular at
The cost structure appears people-heavy rather than asset-heavy: SG&A absorbed
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Pjt Partners Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Pjt Partners Inc, and counted as zero in the overall score.
Not available for Pjt Partners Inc, and counted as zero in the overall score.
Pjt Partners Inc passes 5 of 5 computable financial strength tests (4 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), both operating efficiency signals pass.
For every $1 of reported earnings, Pjt Partners Inc generates $2.92 in operating cash flow ($526.3M OCF vs $180.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Pjt Partners Inc generated $1.7B in revenue in fiscal year 2025. This represents an increase of 14.8% from the prior year.
Pjt Partners Inc reported $180.1M in net income in fiscal year 2025. This represents an increase of 34.0% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Pjt Partners Inc generated $480.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 8.9% from the prior year.
Pjt Partners Inc held $538.9M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Pjt Partners Inc's net profit margin was 10.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.5 percentage points from the prior year.
Pjt Partners Inc's ROE was 58.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 13.4 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Pjt Partners Inc spent $195.2M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 17.0% from the prior year.
Pjt Partners Inc invested $45.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 1290.6% from the prior year.
Not reported for fiscal year 2025.
PJT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.9B | $1.7B+14.8% | $1.5B+29.5% | $1.2B+12.5% | $1.0B+3.4% | $991.9M-5.7% | $1.1B+46.6% | $717.6M+23.7% | $580.2M+16.2% | $499.3M0.0% | $499.4M+23.0% | $405.9M+1.2% | $401.1M+1.0% | $397.0M |
| SG&A Expenses | $1.3B | $1.2B+12.2% | $1.0B+28.1% | $805.4M+20.4% | $669.1M+4.5% | $640.0M-6.3% | $683.4M+36.1% | $502.2M+18.3% | $424.5M+8.4% | $391.5M+2.8% | $381.0M+20.9% | $315.2M-0.7% | $317.5M-6.6% | $339.8M |
| Income Tax | $51.7M | $33.2M+3.4% | $32.1M+0.5% | $31.9M-13.0% | $36.7M+24.4% | $29.5M-17.0% | $35.5M+93.1% | $18.4M+1861.1% | -$1.0M-102.7% | $38.4M+308.6% | $9.4M+3829.7% | $239K-92.2% | $3.0M-9.7% | $3.4M |
| Net Income | $199.5M | $180.1M+34.0% | $134.4M+64.3% | $81.8M-9.6% | $90.5M-14.7% | $106.2M-9.7% | $117.5M+297.6% | $29.6M+8.8% | $27.2M+183.5% | -$32.6M-973.0% | -$3.0M-140.0% | $7.6M+68.7% | $4.5M+126.2% | -$17.2M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, Interest Expense, EPS (Diluted).
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PJT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.8B+12.7% | $1.6B+14.0% | $1.4B+36.6% | $1.1B+6.4% | $987.6M-15.7% | $1.2B+23.0% | $952.8M+41.8% | $671.8M+20.2% | $559.0M-5.3% | $590.5M+26.4% | $467.3M+34.3% | $348.0M | N/A |
| Cash & Equivalents | $538.9M+11.4% | $483.9M+36.1% | $355.5M+105.2% | $173.2M-13.6% | $200.5M-33.1% | $299.5M+38.7% | $215.9M+103.5% | $106.1M-27.1% | $145.6M-4.5% | $152.4M+85.2% | $82.3M+113.6% | $38.5M+29.9% | $29.7M |
| Accounts Receivable | $404.3M+26.0% | $320.8M+21.7% | $263.5M-17.1% | $317.8M+9.8% | $289.3M+24.1% | $233.2M+2.5% | $227.5M+4.5% | $217.8M+14.4% | $190.4M-16.3% | $227.6M+34.2% | $169.6M+4.1% | $162.9M | N/A |
| Goodwill | $191.6M0.0% | $191.6M+10.9% | $172.7M0.0% | $172.7M0.0% | $172.7M0.0% | $172.7M0.0% | $172.7M-1.9% | $176.0M+143.5% | $72.3M0.0% | $72.3M-4.6% | $75.8M+10.0% | $68.9M0.0% | $68.9M |
| Total Liabilities | $1.5B+6.0% | $1.4B+21.7% | $1.2B+37.5% | $865.5M-0.2% | $867.4M-14.7% | $1.0B+10.4% | $921.4M+32.0% | $698.3M-2.5% | $716.2M+19.6% | $599.0M+37.7% | $435.2M+2684.0% | $15.6M | N/A |
| Total Equity | $308.2M+64.8% | $187.0M-23.6% | $244.7M+32.2% | $185.1M+54.0% | $120.2M-22.1% | $154.3M+391.4% | $31.4M+218.6% | -$26.5M+83.2% | -$157.3M-1737.4% | -$8.6M-126.7% | $32.1M-90.3% | $332.3M+10.3% | $301.3M |
| Retained Earnings | $384.2M+68.1% | $228.6M+93.2% | $118.3M+94.1% | $61.0M+1335.9% | -$4.9M+85.1% | -$33.1M+77.1% | -$144.9M+14.7% | -$169.8M+8.7% | -$186.0M-936.4% | -$17.9M-60.5% | -$11.2M | N/A | N/A |
Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities, Long-Term Debt.
PJT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $713.0M | $526.3M-0.9% | $531.0M+20.3% | $441.5M+81.9% | $242.7M+95.5% | $124.2M-73.6% | $469.4M+122.2% | $211.3M+71.8% | $122.9M+10.5% | $111.2M-4.8% | $116.9M+4.2% | $112.2M+124.4% | $50.0M-0.4% | $50.2M |
| Capital Expenditures | $51.2M | $45.9M+1290.6% | $3.3M-16.0% | $3.9M+14.4% | $3.4M-46.9% | $6.5M-26.9% | $8.9M+0.5% | $8.8M+22.3% | $7.2M+578.5% | $1.1M-91.9% | $13.1M-62.2% | $34.6M | N/A | N/A |
| Free Cash Flow | $661.8M | $480.4M-8.9% | $527.7M+20.6% | $437.6M+82.9% | $239.3M+103.3% | $117.7M-74.4% | $460.6M+127.5% | $202.4M+74.9% | $115.7M+5.1% | $110.2M+6.2% | $103.8M+33.7% | $77.6M | N/A | N/A |
| Investing Cash Flow | -$244.4M | -$28.5M-454.1% | $8.1M+123.5% | -$34.3M+35.5% | -$53.2M-140.5% | $131.3M+190.1% | -$145.8M-8374.0% | -$1.7M+94.5% | -$31.5M+17.6% | -$38.2M-204.7% | -$12.6M | N/A | N/A | N/A |
| Financing Cash Flow | -$447.9M | -$453.8M-11.0% | -$408.7M-79.2% | -$228.1M-8.6% | -$210.0M+40.6% | -$353.4M-44.7% | -$244.3M-141.5% | -$101.1M+22.6% | -$130.7M-64.1% | -$79.6M-144.9% | -$32.5M | N/A | N/A | N/A |
| Dividends Paid | $25.1M | $24.5M+1.6% | $24.1M-1.2% | $24.4M-0.8% | $24.6M-68.4% | $78.0M+1518.1% | $4.8M+3.7% | $4.6M+7.5% | $4.3M+13.8% | $3.8M+1.8% | $3.7M | N/A | N/A | N/A |
| Share Buybacks | $119.2M | $195.2M-17.0% | $235.1M+101.4% | $116.7M+6.6% | $109.5M+5.9% | $103.3M+112.3% | $48.7M+1.8% | $47.8M-26.3% | $64.9M+2718.0% | $2.3M | N/A | N/A | N/A | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PJT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 10.5%+1.5pp | 9.0%+1.9pp | 7.1%-1.7pp | 8.8%-1.9pp | 10.7%-0.5pp | 11.2%+7.0pp | 4.1%-0.6pp | 4.7%+11.2pp | -6.5%-5.9pp | -0.6%-2.5pp | 1.9%+0.8pp | 1.1%+5.5pp | -4.3% |
| Return on Equity | 58.4%-13.4pp | 71.9%+38.4pp | 33.4%-15.5pp | 48.9%-39.4pp | 88.3%+12.1pp | 76.2%-18.0pp | 94.2% | N/A | N/A | N/A | 23.6%+22.3pp | 1.4%+7.1pp | -5.7% |
| Return on Assets | 9.8%+1.6pp | 8.2%+2.5pp | 5.7%-2.9pp | 8.6%-2.1pp | 10.8%+0.7pp | 10.0%+6.9pp | 3.1%-0.9pp | 4.0%+9.9pp | -5.8%-5.3pp | -0.5%-2.1pp | 1.6%+0.3pp | 1.3% | N/A |
| Debt-to-Equity | 4.98-2.8x | 7.74+2.9x | 4.87+0.2x | 4.68-2.5x | 7.21+0.6x | 6.60-22.8x | 29.35 | N/A | N/A | N/A | 13.57+13.5x | 0.05 | N/A |
| FCF Margin | 28.0%-7.3pp | 35.3%-2.6pp | 38.0%+14.6pp | 23.3%+11.5pp | 11.9%-31.9pp | 43.8%+15.6pp | 28.2%+8.3pp | 20.0%-2.1pp | 22.1%+1.3pp | 20.8%+1.7pp | 19.1% | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
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Where Pjt Partners Inc Ranks
Frequently Asked Questions
What is Pjt Partners Inc's annual revenue?
Pjt Partners Inc (PJT) reported $1.7B in total revenue for fiscal year 2025. This represents a 14.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Pjt Partners Inc's revenue growing?
Pjt Partners Inc (PJT) revenue grew by 14.8% year-over-year, from $1.5B to $1.7B in fiscal year 2025.
Is Pjt Partners Inc profitable?
Yes, Pjt Partners Inc (PJT) reported a net income of $180.1M in fiscal year 2025, with a net profit margin of 10.5%.
What is Pjt Partners Inc's net profit margin?
Pjt Partners Inc (PJT) had a net profit margin of 10.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Pjt Partners Inc's return on equity (ROE)?
Pjt Partners Inc (PJT) has a return on equity of 58.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Pjt Partners Inc's free cash flow?
Pjt Partners Inc (PJT) generated $480.4M in free cash flow during fiscal year 2025. This represents a -8.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Pjt Partners Inc's operating cash flow?
Pjt Partners Inc (PJT) generated $526.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Pjt Partners Inc's total assets?
Pjt Partners Inc (PJT) had $1.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Pjt Partners Inc's capital expenditures?
Pjt Partners Inc (PJT) invested $45.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Pjt Partners Inc's debt-to-equity ratio?
Pjt Partners Inc (PJT) had a debt-to-equity ratio of 4.98 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Pjt Partners Inc's return on assets (ROA)?
Pjt Partners Inc (PJT) had a return on assets of 9.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Pjt Partners Inc's Piotroski F-Score?
Pjt Partners Inc (PJT) has a Piotroski F-Score of 5 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Pjt Partners Inc's earnings high quality?
Pjt Partners Inc (PJT) has an earnings quality ratio of 2.92x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Pjt Partners Inc?
Pjt Partners Inc (PJT) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.