PJT Partners Inc. (PJT) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 1, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PJT SEC filings page.
PJT Partners Inc. (PJT) reported $1.9B in revenue over the twelve months to Jun 30, 2026, up 22.9% from the prior twelve months. 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).
Revenue growth is translating into margin expansion, while cash generation funds shareholder distributions and a step-up in reinvestment.
Revenue rose14.8% from FY2024 to FY2025, while SG&A rose12.2% . Net margin widened from9.0% to10.5% , linking slower overhead growth to better profit conversion rather than merely larger scale.
Operating cash flow was
Financing outflows reached
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.
PJT Partners Inc. earned a return on assets of 9.8% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is up from 8.2% the prior year. Earnings ranks banks on that return over three years, and PJT Partners Inc. scores 99/100 among other banks.
PJT Partners Inc. reported revenue of $1.7B in fiscal year 2025, against $1.5B in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and PJT Partners Inc. scores 80/100 among other banks.
PJT Partners Inc. funded 16.7% of its assets with shareholders' equity at the end of fiscal year 2025, holding $308.2M of equity against $1.8B of assets. Capital ranks banks on that cushion, and PJT Partners Inc. scores 82/100 among other banks.
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. reported net income of $180.1M in fiscal year 2025, against $134.4M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and PJT Partners Inc. scores 46/100 among other banks.
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 $486.3M in revenue in Q2 2026. This represents an increase of 19.5% from the same quarter a year earlier. Against the prior quarter it is up 16.3%.
PJT Partners Inc. reported $45.8M in net income in Q2 2026. This represents an increase of 39.3% from the same quarter a year earlier. Against the prior quarter it is down 24.2%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
PJT Partners Inc. generated $226.4M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 26.5% from the same quarter a year earlier. Against the prior quarter it is up 304.3%.
PJT Partners Inc. held $235.5M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
PJT Partners Inc.'s net profit margin was 9.4% in Q2 2026, showing the share of revenue converted to profit. This is up 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.0 percentage points.
PJT Partners Inc.'s ROE was 14.7% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 5.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 7.5 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
PJT Partners Inc. spent $53.2M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 16.0% from the same quarter a year earlier. Against the prior quarter it is down 13.1%.
PJT Partners Inc. invested $10.6M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 8.2% from the same quarter a year earlier. Against the prior quarter it is up 28.1%.
Not reported for Q2 2026.
PJT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $486.3M+19.5% | $418.2M+28.9% | $535.2M+12.1% | $447.1M+37.0% | $406.9M+13.0% | $324.5M-1.5% | $477.3M+45.3% | $326.3M+17.2% |
| SG&A Expenses | $325.6M+17.6% | $280.3M+26.7% | $356.6M+9.4% | $303.3M+33.7% | $276.8M+10.6% | $221.1M-3.4% | $326.0M+40.4% | $226.8M+17.2% |
| Income Tax | $20.8M+38.3% | -$8.9M+58.9% | $23.7M+99.7% | $16.0M+92.4% | $15.0M+32.3% | -$21.6M-4165.0% | $11.9M+91.6% | $8.3M-27.1% |
| Net Income | $45.8M+39.3% | $60.5M+12.0% | $53.4M+4.0% | $39.8M+79.9% | $32.9M+16.2% | $54.0M+65.6% | $51.3M+105.9% | $22.1M+27.2% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Interest Expense, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
PJT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.8B+16.2% | $1.6B+12.0% | $1.8B+12.7% | $1.7B+10.2% | $1.5B+6.6% | $1.4B+7.3% | $1.6B+14.0% | $1.6B+30.5% |
| Cash & Equivalents | $235.5M+9.8% | $308.8M+58.9% | $538.9M+11.4% | $400.5M+169.1% | $214.6M+30.7% | $194.3M-9.9% | $483.9M+36.1% | $148.8M+28.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $394.5M+9.9% | $348.9M+3.0% | $404.3M+26.0% | $371.3M+8.1% | $359.0M+4.4% | $338.6M+4.2% | $320.8M+21.7% | $343.6M+6.0% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $191.6M0.0% | $191.6M0.0% | $191.6M0.0% | $191.6M+10.9% | $191.6M+10.9% | $191.6M+10.9% | $191.6M+10.9% | $172.7M0.0% |
| Total Liabilities | $1.4B+7.4% | $1.3B+3.5% | $1.5B+6.0% | $1.5B+6.4% | $1.3B+4.7% | $1.2B+10.7% | $1.4B+21.7% | $1.4B+39.8% |
| Total Equity | $312.1M+86.4% | $272.7M+83.3% | $308.2M+64.8% | $228.6M+43.7% | $167.4M+25.1% | $148.8M-14.8% | $187.0M-23.6% | $159.1M-17.5% |
| Retained Earnings | $477.6M+57.5% | $438.2M+58.6% | $384.2M+68.1% | $336.9M+83.8% | $303.2M+81.5% | $276.4M+90.9% | $228.6M+93.2% | $183.3M+84.2% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities, Non-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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $237.0M+24.4% | $64.3M+184.6% | $155.7M-20.4% | $256.1M+41.9% | $190.4M-1.6% | -$75.9M-95.8% | $195.7M+58.1% | $180.5M+20.2% |
| Depreciation & Amortization | $4.3M+32.3% | $3.9M+22.9% | $3.4M+7.4% | $3.4M+14.1% | $3.3M+5.5% | $3.2M-8.2% | $3.2M-7.4% | $3.0M-15.9% |
| Stock-Based Compensation | $55.5M+12.2% | $85.1M-4.1% | N/A | $47.6M-6.7% | $49.4M+6.5% | $88.8M+22.0% | N/A | $51.0M+32.8% |
| Capital Expenditures | $10.6M-8.2% | $8.3M+316.5% | $17.2M+3936.2% | $15.2M+692.9% | $11.5M+2132.2% | $2.0M+351.5% | $425K-15.7% | $1.9M+249.4% |
| Free Cash Flow | $226.4M+26.5% | $56.0M+171.9% | $138.6M-29.1% | $240.9M+34.9% | $178.9M-7.3% | -$77.9M-98.7% | $195.3M+58.4% | $178.5M+19.3% |
| Investing Cash Flow | -$228.0M-182.0% | -$40.7M-245.1% | $57.0M-77.4% | -$32.7M+76.3% | -$80.9M+51.3% | $28.0M-53.1% | $252.5M+61.2% | -$138.2M+15.7% |
| Financing Cash Flow | -$82.6M+12.4% | -$250.8M-2.3% | -$75.2M+29.4% | -$39.3M+38.0% | -$94.3M-17.3% | -$245.0M-54.7% | -$106.5M-141.1% | -$63.4M-226.7% |
| Dividends Paid | $6.4M+5.4% | $6.5M+4.3% | $6.1M+2.0% | $6.1M+2.2% | $6.1M+1.8% | $6.3M+0.5% | $6.0M-1.7% | $6.0M-1.9% |
| Share Buybacks | $53.2M-16.0% | $61.3M-51.8% | $4.7M-90.5% | $0-100.0% | $63.4M+12.9% | $127.1M+19.5% | $49.5M+357.9% | $23.0M+1141.2% |
PJT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 9.4%+1.3pp | 14.5%-2.2pp | 10.0%-0.8pp | 8.9%+2.1pp | 8.1%+0.2pp | 16.6%+6.7pp | 10.8%+3.2pp | 6.8%+0.5pp |
| Return on Equity | 14.7%-5.0pp | 22.2%-14.1pp | 17.3%-10.1pp | 17.4%+3.5pp | 19.7%-1.5pp | 36.3%+17.6pp | 27.4%+17.3pp | 13.9%+4.9pp |
| Return on Assets | 2.6%+0.4pp | 3.9%0.0pp | 2.9%-0.2pp | 2.3%+0.9pp | 2.2%+0.2pp | 3.9%+1.4pp | 3.1%+1.4pp | 1.4%0.0pp |
| Debt-to-Equity | 4.63-3.4x | 4.73-3.7x | 4.98-2.8x | 6.52-2.3x | 8.03-1.6x | 8.38+1.9x | 7.74+2.9x | 8.80+3.6x |
| Asset Turnover | 0.280.0x | 0.270.0x | 0.290.0x | 0.26+0.1x | 0.270.0x | 0.230.0x | 0.29+0.1x | 0.210.0x |
| FCF Margin | 46.6%+2.6pp | 13.4%+37.4pp | 25.9%-15.0pp | 53.9%-0.8pp | 44.0%-9.6pp | -24.0%-12.1pp | 40.9%+3.4pp | 54.7%+1.0pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| PJT Partners Inc. PJT | FY2025 | $1.7B | $180.1M | 10.5% | $6.0B | 51/100 |
| Piper Sandler Companies PIPR | FY2025 | $1.9B | $281.3M | 14.8% | $4.7B | 53/100 |
| MOELIS & COMPANY MC | FY2025 | N/A | $259.6M | N/A | $4.3B | — |
| Lazard, Inc. LAZ | FY2025 | $3.1B | $237.0M | 7.6% | $3.5B | 44/100 |
| Virtu Financial, Inc. VIRT | FY2025 | $3.6B | $912K | 0.0% | $4.9B | 24/100 |
| MarketAxess Holdings Inc. MKTX | FY2025 | $846.3M | $246.9M | 29.2% | $5.8B | 56/100 |
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 P/E ratio?
PJT Partners Inc. (PJT) trades at 30.0x earnings, its market capitalization divided by net income of $199.5M net income, trailing 12 months to June 30, 2026. The market capitalization is $6.0B as of Oct 1, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is PJT Partners Inc.'s price-to-sales ratio?
PJT Partners Inc. (PJT) trades at 3.2x sales, its market capitalization divided by revenue of $1.9B revenue, trailing 12 months to June 30, 2026. The market capitalization is $6.0B as of Oct 1, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
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.