PJT Partners Inc. PJT R2K
PJT Partners Inc., an investment bank, provides various strategic advisory, shareholder advisory, capital markets advisory, and restructuring and special situations services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures. The company also provides advisory services for private and public company boards and management teams on strategies for building productive investor relationships with a focus on shareholder engagement; complex investor matters; and other critical strategic, governance, and shareholder matters. In addition, it offers advisory services related to debt and equity markets, including debt financings, acquisition financings, structured product offerings, public equity raises initial public offerings, private capital raises, general partner advisory, and other capital structure related matters. Further, the company provides geopolitical and policy advisory practice that assists corporate boards and management teams with navigating changing geopolitical relationships. Additionally, it offers advisory services in the areas of liability management, and restructurings and special situations comprising bespoke financing, tort liability resolutions, distressed M&A, and chapter 11 matters, as well as to corporate clients, financial sponsors, and creditors. The company also provides private fund advisory and fundraising services for a range of investment strategies; and advisory services to general and limited partners on liquidity and other structured solutions. The company was formerly known as Blackstone Advisory Inc. and changed its name to PJT Partners Inc. in March 2015. PJT Partners Inc. was incorporated in 2014 and is headquartered in New York, New York.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Strong return on equity of 37.0%.
- Healthy ROCE of 20.6%.
- Compounding revenue at 18.7% over 5 years.
- Profit CAGR of 25.8% over 5 years.
CONS
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | PJT PJT Partners Inc. R2K | 152.90 | 22.16 | $6.24B | 0.65% | 20.55% | 37.04% | 18.67% | 25.77% |
| 2 | JPM JPMorgan Chase & Co. SPX | 299.31 | 14.33 | $802.00B | 2.00% | - | 16.47% | 12.50% | 14.83% |
| 3 | V Visa Inc. SPX | 326.36 | 28.48 | $620.65B | 0.82% | 38.38% | 60.35% | 10.92% | 10.28% |
| 4 | MA Mastercard Incorporated SPX | 493.98 | 28.57 | $436.47B | 0.70% | 61.47% | - | 13.82% | 14.66% |
| 5 | MS Morgan Stanley SPX | 208.00 | 18.84 | $328.08B | 1.92% | - | 16.39% | 9.52% | 15.20% |
| 6 | GS The Goldman Sachs Group, Inc. SPX | 1,025.56 | 18.73 | $302.55B | 1.76% | - | 14.55% | 7.16% | 15.11% |
| 7 | WFC Wells Fargo & Company SPX | 77.54 | 11.98 | $237.29B | 2.32% | - | 12.03% | 4.02% | 15.98% |
| 8 | BLK BlackRock, Inc. SPX | 1,046.88 | 26.32 | $162.51B | 2.19% | 4.89% | 11.90% | 10.65% | 2.36% |
| 9 | SCHW The Charles Schwab Corporation SPX | 87.35 | 17.37 | $151.91B | 1.47% | - | 19.08% | 4.83% | 7.21% |
Quarterly Results
Figures in USD.
| Metric | Mar 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | 133.26M | 129.54M | 138.93M | - | 130.23M | 164.24M | 174.75M | - | 198.93M | 231.13M | 296.34M | - | 204.76M | 239.78M | 228.55M | 244.13M | 238.17M | 266.51M | 199.94M | 347.77M | 274.75M | 327.08M | 358.08M | 320.35M | 324.53M | 406.88M | 447.09M | 535.16M | 418.20M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 221.14M | 276.83M | 303.33M | 356.65M | 280.26M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 103.39M | 130.05M | 143.76M | 178.51M | 137.94M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 44.81M | 48.37M | 47.49M | 52.19M | 52.27M |
| Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 58.58M | 81.68M | 96.28M | 126.33M | 85.67M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 66.12M | 89.49M | 104.14M | 134.36M | 94.35M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 52.58M | 76.48M | 90.95M | 122.91M | 80.39M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -21.59M | 15.04M | 16.00M | 23.73M | -8.87M |
| Net Income | -16.11M | -11.18M | 255.00K | -323.00K | -9.71M | 6.75M | 1.33M | 215.00K | 3.34M | -37.45M | 5.24M | 6.95M | 7.55M | 7.44M | 1.10M | 4.83M | 6.83M | 16.81M | 18.86M | 21.67M | 30.91M | 46.11M | 26.68M | 23.14M | 21.45M | 25.70M | 19.17M | 21.09M | 17.34M | 22.14M | 17.41M | 32.62M | 28.32M | 22.15M | 54.02M | 32.90M | 39.84M | 53.36M | 60.50M |
| Diluted EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.99 | 1.21 | 1.47 | 1.97 | 2.21 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | 575.73M | 716.75M | 1.05B | - | 1.03B | 1.15B | 1.49B | 1.71B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | 669.14M | 805.38M | 1.03B | 1.16B |
| Gross Profit | - | - | - | - | - | - | - | - | - | 356.36M | 347.80M | 461.11M | 555.72M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | 125.23M | 149.99M | 171.25M | 192.86M |
| Operating Income | - | - | - | - | - | - | - | - | - | 231.13M | 197.80M | 289.85M | 362.86M |
| EBITDA | - | - | - | - | - | - | - | - | - | 267.35M | 234.46M | 318.52M | 394.11M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | 201.47M | 177.61M | 270.57M | 342.92M |
| Tax Provision | - | - | - | - | - | - | - | - | - | 36.70M | 31.93M | 32.10M | 33.18M |
| Net Income | -17.17M | 4.49M | 7.58M | -3.03M | -32.55M | 27.17M | 29.56M | 117.55M | - | 90.53M | 81.80M | 134.39M | 180.12M |
| Diluted EPS | - | - | - | - | - | - | - | - | - | 3.51 | 3.12 | 4.92 | 6.68 |
Compounded Sales Growth
| 5 Years: | 18.67% |
| 1 Year: | 28.90% |
Compounded Profit Growth
| 5 Years: | 25.77% |
| 1 Year: | 10.80% |
Stock Price Performance
| 1 Year: | +2.12% |
| 6 Months: | -9.84% |
| 3 Months: | +3.71% |
| 1 Month: | +0.56% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2012 | Dec 2013 | Dec 2014 | Sep 2015 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 347.95M | - | 467.25M | 590.48M | 558.97M | 671.82M | 952.78M | 1.17B | - | 1.05B | 1.43B | 1.64B | 1.84B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | 490.99M | 619.07M | 804.66M | 943.18M |
| Cash & Equivalents | 24.60M | 29.66M | 38.53M | - | 82.32M | 152.43M | 145.62M | 106.11M | 215.95M | 299.51M | - | 173.24M | 355.54M | 483.88M | 538.86M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | 317.75M | 263.53M | 320.78M | 404.32M |
| Total Liabilities | - | - | 15.63M | - | 125.32M | 177.06M | 136.51M | 184.07M | 378.26M | 483.76M | - | 291.09M | 573.81M | 733.69M | 834.21M |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | 71.55M | 68.81M | 79.92M | 77.94M |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | 135.63M | 330.60M | 354.52M | 413.92M |
| Total Equity | 285.59M | 301.33M | 332.32M | 256.19M | 32.08M | -8.56M | -157.28M | -26.46M | 31.39M | 154.26M | - | 185.11M | 244.67M | 187.01M | 308.25M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | 31.06M | 32.36M | 34.03M | 35.96M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | 116.85M | 111.22M | 122.94M | 211.26M | 469.44M | - | 242.73M | 441.53M | 530.95M | 526.30M |
| Investing Cash Flow | - | -12.55M | -38.24M | -31.49M | -1.72M | -145.75M | - | -53.23M | -34.35M | 8.06M | -28.55M |
| Financing Cash Flow | - | -32.52M | -79.64M | -130.68M | -101.15M | -244.28M | - | -210.02M | -228.08M | -408.68M | -453.79M |
| Capital Expenditure | -34.58M | -13.09M | -1.06M | -7.21M | -8.81M | -8.85M | - | -3.43M | -3.93M | -3.30M | -45.86M |
| Free Cash Flow | - | 103.76M | 110.15M | 115.73M | 202.45M | 460.59M | - | 239.30M | 437.61M | 527.65M | 480.44M |
| Net Change in Cash | - | - | - | - | - | - | - | -20.52M | 179.11M | 130.33M | 43.96M |
| Share Buybacks | - | - | 2.30M | 64.87M | 47.81M | 48.67M | 103.34M | 109.48M | 116.74M | 235.10M | 195.22M |
| Dividends Paid | - | 3.73M | 3.80M | 4.32M | 4.64M | 4.82M | 77.97M | 24.63M | 24.44M | 24.13M | 24.52M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | 34.8% | 30.2% | 30.9% | 32.4% |
| Operating Margin % | - | - | - | - | - | - | - | - | - | 22.5% | 17.2% | 19.4% | 21.2% |
| Net Margin % | - | - | - | - | - | 4.7% | 4.1% | 11.2% | - | 8.8% | 7.1% | 9.0% | 10.5% |
| ROE % | -5.7% | 1.4% | 23.6% | 35.4% | 20.7% | -102.7% | 94.2% | 76.2% | - | 48.9% | 33.4% | 71.9% | 58.4% |
| ROCE % | - | - | - | - | - | - | - | - | - | 23.6% | 14.5% | 18.6% | 20.6% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 14.30% | 3.69M | $564.68M |
| 2 | Vanguard Portfolio Management LLC | 4.91% | 1.27M | $193.78M |
| 3 | Vanguard Capital Management LLC | 4.06% | 1.05M | $160.25M |
| 4 | State Street Corporation | 3.74% | 966.15K | $147.72M |
| 5 | Wasatch Advisors LP | 3.19% | 824.54K | $126.07M |
| 6 | Geode Capital Management, LLC | 2.91% | 751.03K | $114.83M |
| 7 | FMR, LLC | 2.72% | 703.33K | $107.54M |
| 8 | Morgan Stanley | 2.44% | 631.30K | $96.53M |
| 9 | Congress Asset Management Co | 2.34% | 604.35K | $92.41M |
| 10 | Raymond James Financial, Inc. | 1.64% | 423.02K | $64.68M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for PJT