NYSE : PJT
PJT Partners Inc. — Financial statements
Financials · Capital Markets · United States
Last price 149.71 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 6.13B
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Financial statements
PJT Partners Inc. (PJT) reported revenue of 1.89B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 30.63M | 30.63M | 34.11M | 26.65M | 8.22M | 14.53M |
| Net Interest Income | 30.63M | 30.63M | 34.11M | 26.65M | 8.22M | 14.53M |
| Asset Management Fee | 1.68B | 1.68B | 1.46B | 1.13B | 1.02B | 979.41M |
| Revenue | 1.89B | 1.71B | 1.49B | 1.16B | 1.02B | 993.95M |
| Salaries & Employee Benefits | 1.27B | 1.16B | 1.03B | 805.38M | 669.14M | 640.04M |
| Cost of Services Provided | 191.09M | 179.52M | 158.46M | 135.95M | 109.75M | 90.77M |
| Other Operating Expenses | 17.44M | 19.04M | 18.47M | 19.42M | 29.66M | 25.94M |
| Total Operating Expenses | 1.49B | 1.37B | 1.22B | 974.79M | 824.03M | 772.50M |
| Operating Income | 396.14M | 342.72M | 272.57M | 181.11M | 200.57M | 221.45M |
| Currency Exchange Gains | 200.00K | 200.00K | -2.00M | -3.50M | 900.00K | -2.00M |
| EBT Excluding Unusual Items | 396.34M | 342.92M | 270.57M | 177.61M | 201.47M | 219.45M |
| Pretax Income | 396.34M | 342.92M | 270.57M | 177.61M | 201.47M | 219.45M |
| Income Tax Expense | 51.66M | 33.18M | 32.10M | 31.93M | 36.70M | 29.49M |
| Earnings From Continuing Ops. | 344.68M | 309.74M | 238.47M | 145.68M | 164.77M | 189.96M |
| Minority Interest in Earnings | -145.14M | -129.62M | -104.08M | -63.88M | -74.24M | -83.79M |
| Net Income | 199.53M | 180.12M | 134.39M | 81.80M | 90.53M | 106.17M |
| Net Income to Common | 199.53M | 180.12M | 134.39M | 81.80M | 90.53M | 106.17M |
| Shares Outstanding (Basic) | 26.15M | 25.72M | 25.45M | 25.26M | 25.08M | 24.96M |
| Shares Outstanding (Diluted) | 26.15M | 28.61M | 44.11M | 41.88M | 26.62M | 42.36M |
| EPS (Basic) | 7.63 | 7.00 | 5.28 | 3.24 | 3.61 | 4.25 |
| EPS (Diluted) | 6.16 | 6.68 | 4.92 | 3.12 | 3.51 | 3.99 |
| Free Cash Flow | 661.83M | 480.44M | 527.65M | 437.61M | 239.30M | 117.69M |
| Free Cash Flow Per Share | 25.31 | 16.79 | 11.96 | 10.45 | 8.99 | 2.78 |
| Dividend Per Share | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.20 |
| Operating Margin | 21.01% | 20.01% | 18.24% | 15.67% | 19.57% | 22.28% |
| Profit Margin | 10.58% | 10.52% | 8.99% | 7.08% | 8.84% | 10.68% |
| Free Cash Flow Margin | 35.10% | 28.05% | 35.31% | 37.86% | 23.36% | 11.84% |
| Effective Tax Rate | 13.04% | 9.68% | 11.86% | 17.98% | 18.22% | 13.44% |
| Revenue as Reported | 1.71B | 1.71B | 1.49B | 1.15B | 1.03B | 991.95M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 235.54M | 538.86M | 483.88M | 355.54M | 173.24M | 200.48M |
| Other Receivables | 302.46M | 308.22M | 232.18M | 179.13M | 184.45M | 184.67M |
| Property, Plant & Equipment | 415.35M | 399.99M | 335.04M | 325.10M | 149.72M | 175.06M |
| Goodwill | 191.61M | 191.61M | 191.61M | 172.72M | 172.72M | 172.72M |
| Other Intangible Assets | 4.91M | 7.45M | 13.03M | 12.96M | 17.88M | 24.39M |
| Investments in Debt & Equity Securities | 299.25M | 46.94M | 62.91M | 81.38M | 50.24M | |
| Long-Term Deferred Tax Assets | 102.23M | 94.96M | 85.18M | 72.46M | 69.17M | 63.78M |
| Other Long-Term Assets | 204.45M | 255.21M | 231.49M | 235.68M | 233.23M | 166.52M |
| Total Assets | 1.76B | 1.84B | 1.64B | 1.43B | 1.05B | 987.62M |
| Accounts Payable | 36.20M | 31.75M | 32.12M | 19.40M | 22.08M | 21.65M |
| Accrued Expenses | 260.31M | 342.35M | 299.25M | 174.40M | 83.92M | 121.72M |
| Current Portion of Leases | 14.48M | 35.78M | ||||
| Long-Term Leases | 404.87M | 378.14M | 354.52M | 330.60M | 135.63M | 157.01M |
| Long-Term Unearned Revenue | 16.42M | 10.67M | 11.10M | 12.27M | 14.80M | 14.15M |
| Other Long-Term Liabilities | 36.03M | 30.29M | 29.34M | 30.57M | 31.21M | 32.03M |
| Total Liabilities | 772.64M | 834.21M | 733.69M | 573.81M | 291.09M | 350.05M |
| Common Stock | 380.00K | 360.00K | 340.00K | 324.00K | 310.00K | 292.00K |
| Additional Paid-In Capital | 871.48M | 845.06M | 688.70M | 619.70M | 502.58M | 391.24M |
| Retained Earnings | 477.57M | 384.19M | 228.59M | 118.33M | 60.97M | -4.93M |
| Comprehensive Income & Other | 1.34M | 2.83M | -1.66M | -467.00K | -2.27M | 631.00K |
| Total Common Equity | 312.06M | 308.25M | 187.01M | 244.67M | 185.11M | 120.23M |
| Minority Interest | 671.11M | 700.80M | 714.63M | 616.50M | 574.45M | 517.34M |
| Shareholders' Equity | 983.17M | 1.01B | 901.64M | 861.16M | 759.56M | 637.57M |
| Total Liabilities & Equity | 1.76B | 1.84B | 1.64B | 1.43B | 1.05B | 987.62M |
| Total Debt | 419.35M | 413.92M | 354.52M | 330.60M | 135.63M | 157.01M |
| Net Cash (Debt) | -183.81M | 124.94M | 129.36M | 24.94M | 37.61M | 43.47M |
| Net Cash Per Share | -7.03 | 4.37 | 2.93 | 0.60 | 1.41 | 1.03 |
| Filing Date Shares Outstanding | 25.56M | 24.17M | 23.30M | 23.92M | 24.10M | 23.89M |
| Total Common Shares Outstanding | 25.59M | 24.31M | 23.69M | 24.19M | 24.48M | 24.32M |
| Working Capital | 222.68M | 431.97M | 377.33M | 334.30M | 248.23M | 238.29M |
| Book Value Per Share | 12.20 | 12.68 | 7.89 | 10.12 | 7.56 | 4.94 |
| Tangible Book Value | 115.53M | 109.18M | -17.63M | 58.98M | -5.50M | -76.88M |
| Tangible Book Value Per Share | 4.52 | 4.49 | -0.74 | 2.44 | -0.22 | -3.16 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 199.53M | 180.12M | 134.39M | 81.80M | 90.53M | 106.17M |
| Depreciation & Amortization, Total | 33.73M | 31.25M | 28.67M | 36.66M | 36.21M | 34.92M |
| Stock-Based Compensation | 236.69M | 234.34M | 209.19M | 178.53M | 165.53M | 108.91M |
| Change in Accounts Receivable | -36.06M | -75.85M | -55.92M | 51.90M | -32.50M | -61.03M |
| Change in Accounts Payable | -13.59M | -1.63M | -12.20M | -28.24M | -20.83M | -23.47M |
| Change in Other Net Operating Assets | 156.84M | 41.42M | 129.17M | 54.72M | -78.01M | -134.45M |
| Other Operating Activities | 139.41M | 122.54M | 93.67M | 61.02M | 78.81M | 86.21M |
| Operating Cash Flow | 713.02M | 526.30M | 530.95M | 441.53M | 242.73M | 124.16M |
| Capital Expenditures | -51.19M | -45.86M | -3.30M | -3.93M | -3.43M | -6.47M |
| Cash Acquisitions | -10.73M | |||||
| Investment in Securities | -193.20M | 17.32M | 22.09M | -30.42M | -49.80M | 137.82M |
| Investing Cash Flow | -244.40M | -28.55M | 8.06M | -34.35M | -53.23M | 131.35M |
| Short-Term Debt Issued | 15.00M | 42.00M | 15.00M | |||
| Total Debt Issued | 15.00M | 42.00M | 15.00M | |||
| Short-Term Debt Repaid | -15.00M | -42.00M | -15.00M | |||
| Total Debt Repaid | -15.00M | -42.00M | -15.00M | |||
| Repurchase of Common Stock | -167.22M | -250.10M | -272.58M | -136.14M | -127.28M | -126.11M |
| Common Dividends Paid | -25.12M | -24.52M | -24.13M | -24.44M | -24.63M | -77.97M |
| Other Financing Activities | -255.55M | -179.16M | -111.97M | -67.50M | -58.11M | -149.29M |
| Financing Cash Flow | -447.89M | -453.79M | -408.68M | -228.08M | -210.02M | -353.38M |
| Foreign Exchange Rate Adjustments | 199.00K | 11.02M | -1.99M | 3.20M | -6.72M | -1.16M |
| Net Cash Flow | 20.93M | 54.98M | 128.33M | 182.31M | -27.25M | -99.03M |
| Free Cash Flow | 661.83M | 480.44M | 527.65M | 437.61M | 239.30M | 117.69M |
| Free Cash Flow Margin | 35.10% | 28.05% | 35.31% | 37.86% | 23.36% | 11.84% |
| Free Cash Flow Per Share | 25.31 | 16.79 | 11.96 | 10.45 | 8.99 | 2.78 |
| Cash Interest Paid | 20.00K | 133.00K | 10.00K | |||
| Cash Income Tax Paid | 41.78M | 44.42M | 36.08M | 23.29M | 28.58M | 30.93M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.13B | 4.06B | 3.74B | 2.47B | 1.80B | 1.80B |
| Last Close Price | 149.71 | 166.42 | 156.09 | 99.91 | 71.37 | 70.72 |
| PE Ratio | 24.31 | 22.56 | 27.83 | 30.19 | 19.87 | 16.93 |
| PS Ratio | 3.25 | 2.37 | 2.50 | 2.14 | 1.76 | 1.81 |
| PB Ratio | 12.27 | 4.03 | 4.15 | 2.87 | 2.37 | 2.82 |
| P/FCF Ratio | 9.26 | 8.46 | 7.09 | 5.64 | 7.52 | 15.28 |
| P/OCF Ratio | 8.59 | 7.72 | 7.04 | 5.59 | 7.41 | 14.48 |
| Debt / Equity Ratio | 0.43 | 0.41 | 0.39 | 0.38 | 0.18 | 0.25 |
| Debt / FCF Ratio | 0.63 | 0.86 | 0.67 | 0.76 | 0.57 | 1.33 |
| Net Debt / Equity Ratio | 0.19 | -0.12 | -0.14 | -0.03 | -0.05 | -0.07 |
| Net Debt / FCF Ratio | 0.28 | -0.26 | -0.24 | -0.06 | -0.16 | -0.37 |
| Asset Turnover | 1.15 | 0.98 | 0.97 | 0.93 | 1.00 | 0.92 |
| Quick Ratio | 1.71 | 2.04 | 2.11 | 2.67 | 3.27 | 2.62 |
| Current Ratio | 1.71 | 2.04 | 2.11 | 2.67 | 3.27 | 2.62 |
| Return on Equity (ROE) | 37.63% | 32.42% | 27.06% | 17.98% | 23.59% | 28.66% |
| Return on Assets (ROA) | 21.10% | 17.81% | 15.53% | 11.72% | 16.17% | 17.59% |
| Return on Invested Capital (ROIC) | 25.02% | 23.11% | 19.63% | 14.24% | 19.41% | 23.17% |
| Earnings Yield | 4.11% | 4.43% | 3.59% | 3.31% | 5.03% | 5.91% |
| FCF Yield | 10.80% | 11.82% | 14.11% | 17.72% | 13.30% | 6.55% |
| Dividend Yield | 0.67% | 0.60% | 0.63% | 0.98% | 1.36% | 0.27% |
| Payout Ratio | 16.24% | 13.61% | 17.96% | 29.87% | 27.21% | 73.44% |
| Buyback Yield / Dilution | 41.06% | 35.13% | -5.31% | -57.35% | 37.16% | 1.78% |
| Total Shareholder Return | 41.73% | 35.73% | -4.67% | -56.37% | 38.52% | 2.05% |