PJTNYSEInvestment AdviceFiscal year ends December 31
PJT Partners Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$136.22−0.99 (-0.72%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2025
Net margin
10.5%−0.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +14.8% | +18.7% | +10.2% | +15.5% | |
| Net income | +34.0% | +25.8% | +8.9% | +37.3% | |
| Free cash flow | -8.9% | +26.2% | +0.8% | +20.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -25.8% | 126.6% | 72.7% | |
| Return on assets | -0.6% | 11.1% | 10.4% | |
| Capex to revenue | 2.6% | 0.8% | 2.7% |
Where the cash went
Fiscal 2021 to 2025, five years combined
PJT Partners generated $1.87B from operations and spent $998.58M on capital expenditure, dividends and share buybacks. 6% of that went back into the business.
Generated
$1.87B
Used
$998.58M
Capital expenditure$62.99M6%Dividends$175.70M18%Share buybacks$759.89M76%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin10.5%
×Asset turnover0.99×
×Equity multiplier7.02×
=Return on equity, FY202572.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 10.5% | 0.99× | 7.02× | 72.7% |
| FY2024 | 9.0% | 0.97× | 7.11× | 62.3% |
| FY2023 | 7.1% | 0.93× | 5.78× | 38.1% |
| FY2022 | 8.8% | 1.01× | 6.68× | 59.3% |
| FY2021 | 10.7% | 0.92× | 7.87× | 77.4% |
| FY2020 | 11.2% | 0.99× | 11.44× | 126.6% |
| FY2019 | 4.1% | 0.88× | 329.27× | 1198.3% |
| FY2018 | 4.7% | 0.94× | -6.70× | -29.6% |
| FY2017 | -6.5% | 0.87× | -6.93× | 39.3% |
| FY2016 | -0.6% | 0.94× | 44.97× | -25.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 5 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$180.12M
- Cash generatingOperating cash flow above zero$526.30M
- Return on assets improvedROA up on the prior year9.4% → 11.0%
- Earnings backed by cashOperating cash flow above net income$526.30M vs $180.12M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.04 → 1.05