PJT Partners Inc.
NYSE•PJT
CEO: Mr. Paul Jeffrey Taubman B.S., M.B.A.
Sector: Financial Services
Industry: Financial - Capital Markets
Listing Date: 2015-09-22
PJT Partners Inc., an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory 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 advises private and public company boards and management teams on strategies for building productive investor relationships with a focus on shareholder engagement; and strategic investor relations; environmental, social, and governance matters; and other investor-related matters. In addition, it provides advisory services related to debt and acquisition financings; structured product offerings; public equity raises, including initial public offering and SPAC offerings; and private capital raises for early and later stage companies, as well as other capital structure related matters. Further, the company offers advisory services in financial restructurings and reorganizations; liability management; distressed mergers and acquisitions; and to management teams, corporate boards, sponsors and creditors. Additionally, it provides private fund advisory and fundraising services for a range of investment strategies; and advisory services to general and 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.
Contact Information
Market Cap
$4.09B
P/E (TTM)
24.3
18.8
Dividend Yield
0.6%
52W High
$190.28
52W Low
$119.76
52W Range
Rank22Top 5.9%
6.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024
Financial Dashboard
Q3 2025 Data
Revenue
$447.09M+37.01%
4-Quarter Trend
EPS
$1.55+10.71%
4-Quarter Trend
FCF
$240.90M+34.92%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Nine Months Revenue Growth Total revenues reached $1.18 B USD for nine months, marking a 16% increase versus prior year period.
Net Income Attributable Surge Net income for PJT Partners Inc. grew 53% to $126.76 M USD for nine months ended September 30, 2025.
Quarterly Earnings Jump Q3 Net Income attributable to PJT Partners Inc. surged 80% to $39.84 M USD compared to Q3 2024 results.
Strong Basic EPS Performance Basic EPS for nine months was $4.93 USD, reflecting substantial earnings improvement over the $3.26 USD reported previously.
Risk Factors
M&A Activity Uncertainty Global M&A volumes present a mixed picture due to monetary policy and geopolitical uncertainty impacting strategic activity.
Compensation Expense Pressure Compensation and Benefits expense increased 13% for nine months, driven by higher revenues and workforce growth.
Cyber Security Vulnerabilities Risks include cyber attacks, security vulnerabilities, and internet disruptions potentially causing data loss or business interruptions.
Cash Position Decline Cash and equivalents decreased to $400.45 M USD as of September 30, 2025, from $483.88 M USD previously.
Outlook
Private Capital Volumes High Expect market volumes for private capital solutions to reach record levels, driven by demand for alternative liquidity vehicles.
Share Repurchase Activity Remaining authorization for Class A common stock repurchase stands at $87.2 M USD under the current program.
Quarterly Dividend Declared Board declared a $0.25 USD quarterly dividend per Class A share, payable on December 17, 2025.
Tax Law Assessment Ongoing Continuing assessment of the impact of the One Big Beautiful Bill Act (OBBBA) signed into law in July 2025.
Peer Comparison
Revenue (TTM)
$132.38B
RJF$15.91B
$7.35B
Gross Margin (Latest Quarter)
395.5%
RJF132.3%
BGC92.7%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| RJF | $31.95B | 14.9 | 17.5% | 0.0% |
| MC | $5.18B | 22.4 | 47.5% | 0.0% |
| VIRT | $5.02B | 1.5 | 131.6% | 1.5% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-2.2%
Flat Growth
4Q Net Income CAGR
-8.1%
Declining Profitability
Cash Flow Stability
75%
Volatile Cash Flow
Research & Insights
Next earnings:Feb 3, 2026
EPS:$2.41
|Revenue:$530.90M
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 6, 2025|Revenue: $447.09M+37.0%|EPS: $1.55+10.7%BeatForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Jul 31, 2025|Revenue: $406.88M+13.0%|EPS: $1.27-29.8%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 1, 2025|Revenue: $324.53M-1.5%|EPS: $3.47+173.2%MeetForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 27, 2025|Revenue: $1.49B+29.5%|EPS: $5.28+1.9%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Oct 31, 2024|Revenue: $326.32M+17.2%|EPS: $1.40+102.9%BeatForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 2, 2024|Revenue: $360.18M+4.0%|EPS: $1.81+105.7%BeatForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 3, 2024|Revenue: $329.39M+64.7%|EPS: $1.27+84.1%BeatForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 28, 2024|Revenue: $1.15B+12.4%|EPS: $5.18+43.5%Beat