A Business at a Glance
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PJT Partners Inc.
PJT
$4.6B
Mkt Cap
$169.07
+2.97%
PJT Partners Inc. (PJT) has a current P/E ratio of 25.3, compared to its historical median P/E of 28.3. The stock is currently considered Fair based on its historical valuation range.
PJT Partners Inc. (PJT) has a 5-year average return on invested capital (ROIC) of 60.8%. This indicates strong capital allocation and a potential competitive advantage.
PJT Partners Inc. (PJT) does not currently pay a regular dividend.
Based on historical P/E analysis, PJT Partners Inc. (PJT) appears fair. The current P/E of 25.3 is 11% below its historical median of 28.3. The estimated fair value CAGR (P/E method) is 20.5%.
PJT Partners Inc. (PJT) operates in the Investment Advice industry, within the Financials sector.
PJT Partners Inc. (PJT) reported annual revenue of $1.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
PJT Partners Inc. (PJT) has a net profit margin of 10.5%. This is a healthy margin.
PJT Partners is a premier, global, advisory-focused investment bank that was built from the ground up to be different. Our highly experienced, collaborative teams provide independent advice coupled with old-world, high-touch client service. This ethos has allowed us to attract some of the very best talent in the markets in which we operate. We deliver leading advice to many of the world's most consequential companies, effect some of the most transformative transactions and restructurings and raise billions of dollars of capital around the globe to support startups and more established companies. PJT Partners began trading on the New York Stock Exchange (“NYSE”) under the symbol “PJT” on October 1, 2015. We have highly integrated world-class franchises in each of the areas in which we compete: Strategic Advisory Our team of leading professionals delivers strategic advice and innovative solutions to our clients in often highly complex and challenging situations.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.8B | 1.7B | 1.5B | 1.2B | 1.0B | 992M |
| Net Income | 187M | 180M | 134M | 82M | 91M | 106M |
| EPS | $0.00 | - | - | - | - | - |
| Free Cash Flow | 614M | 480M | 528M | 438M | 239M | 118M |
| ROIC | 0.0% | 72.7% | 62.3% | 38.1% | 59.3% | 71.7% |
| Gross Margin | - | 88.4% | 88.1% | 86.5% | 86.4% | 88.2% |
| Debt/Equity | 0.00 | 2.71 | 3.92 | 2.35 | 1.57 | 2.91 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 0 | 343M | 271M | 178M | 201M | 219M |
| Operating Margin | 0.0% | 20.0% | 18.1% | 15.4% | 19.6% | 22.1% |
| ROE | 68.4% | 72.7% | 62.3% | 38.1% | 59.3% | 77.4% |
| Shares Outstanding | 0M | - | - | - | - | - |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 401M | 406M | 499M | 499M | 580M | 718M | 1.1B | 992M | 1.0B | 1.2B | 1.5B | 1.7B | 1.8B |
| Gross Margin | 84.1% | 79.8% | 80.8% | 82.1% | 82.1% | 83.4% | 89.9% | 88.2% | 86.4% | 86.5% | 88.1% | 88.4% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 317M | 315M | 381M | 392M | 424M | 502M | 683M | 640M | 669M | 805M | 1.0B | 1.2B | 1.2B |
| EBIT | 7.5M | -5.9M | 15M | 10M | 42M | 82M | 248M | 219M | 201M | 178M | 271M | 343M | 0 |
| Op. Margin | 1.9% | -1.5% | 2.9% | 2.0% | 7.2% | 11.5% | 23.6% | 22.1% | 19.6% | 15.4% | 18.1% | 20.0% | 0.0% |
| Net Income | 4.5M | 7.6M | -3.0M | -33M | 27M | 30M | 118M | 106M | 91M | 82M | 134M | 180M | 187M |
| Net Margin | 1.1% | 1.9% | -0.6% | -6.5% | 4.7% | 4.1% | 11.2% | 10.7% | 8.8% | 7.1% | 9.0% | 10.5% | 10.3% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 1.3% | 4.2% | -1.2% | -10.1% | 6.4% | 5.3% | 109.0% | 71.7% | 59.3% | 38.1% | 62.3% | 72.7% | 0.0% |
| ROE | N/A | 4.2% | -25.8% | 39.3% | -29.6% | 94.2% | 126.6% | 77.4% | 59.3% | 38.1% | 62.3% | 72.7% | 68.4% |
| ROA | 2.6% | 1.9% | -0.6% | -5.7% | 4.4% | 3.6% | 11.1% | 9.8% | 8.9% | 6.6% | 8.8% | 10.4% | 11.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 50M | 112M | 117M | 111M | 123M | 211M | 469M | 124M | 243M | 442M | 531M | 526M | 666M |
| Free Cash Flow | 50M | 78M | 104M | 110M | 116M | 202M | 461M | 118M | 239M | 438M | 528M | 480M | 614M |
| Owner Earnings | -29M | 59M | 20M | -13M | -5.0M | 85M | 333M | -502K | 62M | 249M | 309M | 279M | 422M |
| CapEx | 0 | 35M | 13M | 1.1M | 7.2M | 8.8M | 8.9M | 6.5M | 3.4M | 3.9M | 3.3M | 46M | 52M |
| Maint. CapEx | 12M | 15M | 7.9M | 8.1M | 10.0M | 14M | 15M | 16M | 15M | 14M | 13M | 13M | 14M |
| Growth CapEx | N/A | 20M | 5.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33M | 38M |
| D&A | 12M | 15M | 7.9M | 8.1M | 10.0M | 14M | 15M | 16M | 15M | 14M | 13M | 13M | 14M |
| CapEx/OCF | N/A | 30.8% | 11.2% | 1.0% | 5.9% | 4.2% | 1.9% | 5.2% | 1.4% | 0.9% | 0.6% | 8.7% | 7.8% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 3.7M | 3.8M | 4.3M | 4.6M | 4.8M | 78M | 25M | 24M | 24M | 25M | 25M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 2.3M | 65M | 48M | 49M | 103M | 109M | 117M | 235M | 195M | 129M |
| Buyback Yield | N/A | N/A | N/A | 0.3% | 7.8% | 4.8% | 2.6% | 5.4% | 5.9% | 4.4% | 5.4% | 4.2% | 0.0% |
| Stock-Based Comp | 66M | 39M | 89M | 116M | 118M | 112M | 121M | 109M | 166M | 179M | 209M | 234M | 231M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 8.5M | 22M | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | -76M | -207M | -278M | N/A | N/A | N/A | N/A | N/A | -309M |
| Cash & Equiv. | 39M | 82M | 152M | 146M | 106M | 216M | 300M | 200M | 173M | 356M | 484M | 539M | 309M |
| Long-Term Debt | N/A | N/A | N/A | N/A | 30M | 8.5M | 22M | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | N/A | 3.91 | -20.68 | -0.87 | -1.13 | 0.27 | 0.14 | 2.91 | 1.57 | 2.35 | 3.92 | 2.71 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A | 112.8 | 13698.3 | 49592.2 | 21944.9 | 1514.8 | 8880.5 | N/A | N/A | N/A |
| Equity | N/A | 32M | -8.6M | -157M | -26M | 31M | 154M | 120M | 185M | 245M | 187M | 308M | 273M |
| Total Assets | 348M | 467M | 590M | 559M | 672M | 953M | 1.2B | 988M | 1.1B | 1.4B | 1.6B | 1.8B | 1.6B |
| Total Liabilities | N/A | 125M | 177M | 137M | 184M | 378M | 484M | 350M | 291M | 574M | 734M | 834M | 634M |
| Intangibles | 20M | 24M | 15M | 12M | 49M | 40M | 32M | 24M | 18M | 13M | 13M | 7.5M | 6.2M |
| Retained Earnings | N/A | -11M | -18M | -186M | -170M | -145M | -33M | -4.9M | 61M | 118M | 229M | 384M | 438M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Owner EPS | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Book Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Cash Flow/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 61.1 | N/A | N/A | 30.8 | 33.9 | 15.9 | 18.2 | 20.6 | 32.5 | 32.2 | 25.8 | N/A |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 14.4 | N/A | N/A | N/A | 31.9 | 12.1 | 16.1 | 10.1 | 10.9 | 23.2 | 15.1 | N/A |
| Price/Sales | N/A | 0.9 | 0.8 | 1.3 | 1.9 | 1.3 | 1.3 | 1.9 | 1.7 | 1.7 | 2.1 | 2.6 | N/A |
| FCF Yield | N/A | 16.8% | 20.4% | 14.2% | 13.8% | 20.2% | 24.6% | 6.1% | 12.8% | 16.4% | 12.2% | 10.3% | N/A |
| Market Cap | N/A | 463M | 510M | 778M | 836M | 1.0B | 1.9B | 1.9B | 1.9B | 2.7B | 4.3B | 4.6B | 0 |
| Avg. Price | N/A | 20.68 | 23.33 | 34.44 | 46.49 | 37.85 | 50.27 | 69.87 | 67.56 | 75.56 | 117.09 | 163.00 | 169.07 |
| Year-End Price | N/A | 25.01 | 28.56 | 41.34 | 35.71 | 41.04 | 70.08 | 72.53 | 72.40 | 101.48 | 158.57 | 172.27 | 169.07 |
PJT Partners Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
PJT Partners Inc. trades at 25.3x trailing earnings, compared to its 15-year median P/E of 28.3x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 60.8% with a gross margin of 87.5%. At current prices, the estimated annualized return to fair value is +20.5%.
PJT Partners Inc. (PJT) generated $480 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
PJT Partners Inc. (PJT) has a debt-to-equity ratio of 2.71. This indicates higher leverage, which may increase financial risk.
PJT Partners Inc. (PJT) has a return on equity (ROE) of 72.7%. This indicates the company generates strong returns for shareholders.
PJT Partners Inc. (PJT) has a 5-year average gross margin of 87.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 13 years of financial data for PJT Partners Inc. (PJT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.