Symbols / PJT Stock $155.29 +0.97% PJT Partners Inc.

Financial Services • Capital Markets • United States • NYQ
PJT (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Capital Markets
CEO Mr. Paul Jeffrey Taubman B.S., M.B.A.
Exch · Country NYQ · United States
Market Cap 6.34B
Enterprise Value 4.78B
Income 186.60M
Sales 1.81B
FCF (ttm) —
Book/sh 10.53
Cash/sh 11.96
Employees 1,224
Insider 10d —
IPO Sep 22, 2015
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 14.49%
P/E 22.47
Forward P/E 18.15
PEG —
P/S 3.51
P/B 14.75
P/C —
EV/EBITDA —
EV/Sales 2.65
Quick Ratio 2.92
Current Ratio 2.92
Debt/Eq 45.34
LT Debt/Eq —
EPS (ttm) 6.91
EPS next Y 8.55
EPS Growth 10.80%
Revenue Growth 28.90%
EPS Gr Q/Q 12.00%
Rev Gr Q/Q —
Earnings (next) 2026-07-28
Earnings (prior) 2026-04-28
ROA 21.94%
ROE 37.04%
ROIC —
Gross Margin 95.19%
Oper. Margin 19.22%
Profit Margin 10.33%
Shs Outstand 25.82M
Shs Float 24.00M
Insider Own 7.06%
Instit Own 81.65%
Short Float 8.52%
Short Ratio 5.13
Short Interest 1.85M
52W High 195.62
vs 52W High -20.62%
52W Low 127.73
vs 52W Low 21.58%
Beta 0.85
Impl. Vol. 0.10%
Rel Volume 0.68
Avg Volume 374.77K
Volume 255.29K
Target (mean) $169.80
Tgt Median $175.00
Tgt Low $141.00
Tgt High $190.00
# Analysts 5
Recom Hold
Prev Close $153.80
Price $155.29
Change 0.97%
About

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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$169.80
Mean price target
2. Current target
$155.29
Latest analyst target
3. DCF / Fair value
$103.65
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$155.29
Low
$141.00
High
$190.00
Mean
$169.80

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-29 main UBS Neutral → Neutral $160
2026-04-29 main Keefe, Bruyette & Woods Outperform → Outperform $175
2026-04-08 main UBS Neutral → Neutral $152
2026-04-08 up Keefe, Bruyette & Woods Market Perform → Outperform $166
2026-03-12 main UBS Neutral → Neutral $151
2026-02-04 main Goldman Sachs Neutral → Neutral $174
2026-01-08 main Keefe, Bruyette & Woods Market Perform → Market Perform $188
2025-12-17 main Keefe, Bruyette & Woods Market Perform → Market Perform $186
2025-11-05 main Keefe, Bruyette & Woods Market Perform → Market Perform $182
2025-10-13 main Keefe, Bruyette & Woods Market Perform → Market Perform $180
2025-10-03 init BMO Capital — → Outperform $205
2025-07-14 main Keefe, Bruyette & Woods Market Perform → Market Perform $199
2025-05-12 main Keefe, Bruyette & Woods Market Perform → Market Perform $161
2025-02-05 main Keefe, Bruyette & Woods Market Perform → Market Perform $177
2025-01-13 main Keefe, Bruyette & Woods Market Perform → Market Perform $152
2025-01-13 down JMP Securities Market Outperform → Market Perform —
2024-12-20 main Keefe, Bruyette & Woods Market Perform → Market Perform $159
2024-12-06 up UBS Sell → Neutral $175
2024-10-09 main JMP Securities Market Outperform → Market Outperform $150
2024-10-08 main UBS Sell → Sell $120
News
RSS: Latest PJT news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-06 TRAVIN DAVID ADAM General Counsel — 3,000 $152.38 $457,276
2026-05-01 MEATES HELEN T Chief Financial Officer — 8,000 $153.20 $1,225,560
2026-04-30 TAUBMAN PAUL J Chief Executive Officer — 36,000 $151.71 $5,461,650
2026-03-02 MEATES HELEN T Chief Financial Officer — 9,627 — —
2026-03-02 LEE JI-YEUN Officer — 12,944 — —
2026-03-02 TRAVIN DAVID ADAM General Counsel — 5,052 — —
2026-03-02 CORNWELL KIEVDI DON Director — 18,865 — —
2026-02-05 TAUBMAN PAUL J Chief Executive Officer — 36,000 $159.92 $5,757,120
2026-02-05 WHITNEY KENNETH C. Director — 30,000 $159.92 $4,797,600
2026-02-05 TRAVIN DAVID ADAM General Counsel — 8,264 $159.92 $1,321,579
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
1,713.67
+14.77%
1,493.18
+29.48%
1,153.18
+12.45%
1,025.51
Operating Revenue
1,713.67
+14.77%
1,493.18
+29.48%
1,153.18
+12.45%
1,025.51
Cost Of Revenue
1,157.95
+12.20%
1,032.07
+28.15%
805.38
+20.36%
669.14
Reconciled Cost Of Revenue
1,140.05
+12.19%
1,016.20
+29.82%
782.77
+20.72%
648.41
Gross Profit
555.72
+20.52%
461.11
+32.58%
347.80
-2.40%
356.36
Operating Expense
192.86
+12.62%
171.25
+14.17%
149.99
+19.78%
125.23
Selling General And Administration
133.52
+9.94%
121.45
+15.94%
104.76
+32.02%
79.35
General And Administrative Expense
133.52
+9.94%
121.45
+15.94%
104.76
+32.02%
79.35
Other Gand A
73.82
+4.33%
70.76
+9.98%
64.34
+45.90%
44.10
Other Operating Expenses
45.99
+24.29%
37.00
+18.64%
31.19
+2.59%
30.40
Total Expenses
1,350.81
+12.26%
1,203.32
+25.95%
955.38
+20.27%
794.37
Operating Income
362.86
+25.19%
289.85
+46.54%
197.80
-14.42%
231.13
EBITDA
394.11
+23.73%
318.52
+35.85%
234.46
-12.30%
267.35
Normalized EBITDA
394.11
+23.73%
318.52
+35.85%
234.46
-12.30%
267.35
Reconciled Depreciation
31.25
+9.00%
28.67
-21.81%
36.66
+1.24%
36.21
EBIT
362.86
+25.19%
289.85
+46.54%
197.80
-14.42%
231.13
Net Income
180.12
+34.02%
134.39
+64.30%
81.80
-9.65%
90.53
Pretax Income
342.92
+26.74%
270.57
+52.34%
177.61
-11.84%
201.47
Other Income Expense
-19.94
-3.40%
-19.28
+4.51%
-20.19
+31.92%
-29.66
Other Non Operating Income Expenses
-19.94
-3.40%
-19.28
+4.51%
-20.19
+31.92%
-29.66
Tax Provision
33.18
+3.38%
32.10
+0.53%
31.93
-13.00%
36.70
Tax Rate For Calcs
0.00
-18.43%
0.00
-34.10%
0.00
-1.10%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
309.74
+29.88%
238.47
+63.69%
145.68
-11.59%
164.77
Net Income From Continuing Operation Net Minority Interest
180.12
+34.02%
134.39
+64.30%
81.80
-9.65%
90.53
Net Income From Continuing And Discontinued Operation
180.12
+34.02%
134.39
+64.30%
81.80
-9.65%
90.53
Net Income Continuous Operations
309.74
+29.88%
238.47
+63.69%
145.68
-11.59%
164.77
Minority Interests
-129.62
-24.54%
-104.08
-62.92%
-63.88
+13.95%
-74.24
Normalized Income
180.12
+34.02%
134.39
+64.30%
81.80
-9.65%
90.53
Net Income Common Stockholders
180.12
+34.02%
134.39
+64.30%
81.80
-9.65%
90.53
Otherunder Preferred Stock Dividend
—
—
—
0.00
Diluted EPS
6.68
+35.77%
4.92
+57.69%
3.12
-11.11%
3.51
Basic EPS
7.00
+32.58%
5.28
+62.96%
3.24
-10.25%
3.61
Basic Average Shares
25.72
+1.06%
25.45
+0.79%
25.26
+0.71%
25.08
Diluted Average Shares
28.61
-35.13%
44.11
+5.31%
41.88
+57.35%
26.62
Diluted NI Availto Com Stockholders
191.17
-11.95%
217.11
+65.95%
130.83
+40.16%
93.34
Average Dilution Earnings
11.06
-86.63%
82.72
+68.71%
49.03
+1644.88%
2.81
Depreciation Amortization Depletion Income Statement
13.34
+4.25%
12.80
-8.88%
14.05
-9.23%
15.47
Depreciation And Amortization In Income Statement
13.34
+4.25%
12.80
-8.88%
14.05
-9.23%
15.47
Rent And Landing Fees
59.70
+17.77%
50.70
+25.42%
40.42
+14.66%
35.25
Rent Expense Supplemental
59.70
+17.77%
50.70
+25.42%
40.42
+14.66%
35.25
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
1,843.25
+12.71%
1,635.33
+13.96%
1,434.98
+36.58%
1,050.65
Current Assets
943.18
+17.21%
804.66
+29.98%
619.07
+26.09%
490.99
Cash Cash Equivalents And Short Term Investments
538.86
+11.36%
483.88
+36.10%
355.54
+105.24%
173.24
Cash And Cash Equivalents
538.86
+11.36%
483.88
+36.10%
355.54
+105.24%
173.24
Receivables
404.32
+26.04%
320.78
+21.73%
263.53
-17.06%
317.75
Accounts Receivable
404.32
+26.04%
320.78
+21.73%
263.53
-17.06%
317.75
Gross Accounts Receivable
405.91
+25.55%
323.31
+21.58%
265.92
-16.82%
319.70
Allowance For Doubtful Accounts Receivable
-1.59
+36.99%
-2.52
-5.60%
-2.39
-22.93%
-1.95
Total Non Current Assets
900.07
+8.35%
830.67
+1.81%
815.91
+45.78%
559.67
Net PPE
399.99
+19.39%
335.04
+3.06%
325.10
+117.14%
149.72
Gross PPE
469.98
+18.50%
396.61
+4.61%
379.15
+91.56%
197.92
Accumulated Depreciation
-69.99
-13.66%
-61.57
-13.92%
-54.05
-12.12%
-48.21
Properties
0.00
0.00
0.00
0.00
Buildings And Improvements
—
312.90
+4.58%
299.20
+151.38%
119.03
Machinery Furniture Equipment
40.42
+64.91%
24.51
+4.34%
23.49
-3.49%
24.34
Other Properties
338.95
+8.32%
312.90
+4.58%
299.20
+151.38%
119.03
Leases
90.60
+53.05%
59.20
+4.86%
56.46
+3.48%
54.55
Goodwill And Other Intangible Assets
199.07
-2.73%
204.65
+10.21%
185.69
-2.58%
190.60
Goodwill
191.61
+0.00%
191.61
+10.94%
172.72
+0.00%
172.72
Other Intangible Assets
7.45
-42.82%
13.03
+0.56%
12.96
-27.52%
17.88
Investments And Advances
46.94
-25.39%
62.91
-22.70%
81.38
+61.98%
50.24
Non Current Deferred Assets
94.96
+11.47%
85.18
+17.56%
72.46
+4.75%
69.17
Non Current Deferred Taxes Assets
94.96
+11.47%
85.18
+17.56%
72.46
+4.75%
69.17
Other Non Current Assets
159.11
+11.35%
142.89
-5.54%
151.28
+51.39%
99.93
Total Liabilities Net Minority Interest
834.21
+13.70%
733.69
+27.86%
573.81
+97.12%
291.09
Current Liabilities
77.94
-2.48%
79.92
+16.14%
68.81
-3.82%
71.55
Payables And Accrued Expenses
69.56
-1.08%
70.32
+20.11%
58.55
0.00%
58.55
Payables
69.56
-1.08%
70.32
+20.11%
58.55
0.00%
58.55
Accounts Payable
34.05
+1.26%
33.62
+50.77%
22.30
-10.01%
24.78
Employee Benefits
342.35
+14.40%
299.25
+71.59%
174.40
+107.82%
83.92
Total Tax Payable
35.52
-3.22%
36.70
+1.24%
36.24
+7.34%
33.77
Current Deferred Liabilities
8.37
-12.74%
9.60
-6.52%
10.27
-21.03%
13.00
Current Deferred Revenue
8.37
-12.74%
9.60
-6.52%
10.27
-21.03%
13.00
Total Non Current Liabilities Net Minority Interest
756.27
+15.68%
653.77
+29.46%
505.00
+130.02%
219.55
Long Term Debt And Capital Lease Obligation
413.92
+16.75%
354.52
+7.24%
330.60
+143.76%
135.63
Long Term Capital Lease Obligation
413.92
+16.75%
354.52
+7.24%
330.60
+143.76%
135.63
Stockholders Equity
308.25
+64.83%
187.01
-23.56%
244.67
+32.18%
185.11
Common Stock Equity
308.25
+64.83%
187.01
-23.56%
244.67
+32.18%
185.11
Capital Stock
0.36
+5.88%
0.34
+4.94%
0.32
+4.52%
0.31
Common Stock
0.36
+5.88%
0.34
+4.94%
0.32
+4.52%
0.31
Share Issued
35.96
+5.66%
34.03
+5.18%
32.36
+4.17%
31.06
Ordinary Shares Number
24.31
+2.64%
23.69
-2.06%
24.19
-1.20%
24.48
Treasury Shares Number
11.64
+12.57%
10.34
+26.59%
8.17
+24.12%
6.58
Additional Paid In Capital
845.06
+22.70%
688.70
+11.13%
619.70
+23.30%
502.58
Retained Earnings
384.19
+68.07%
228.59
+93.18%
118.33
+94.09%
60.97
Gains Losses Not Affecting Retained Earnings
2.83
+270.08%
-1.66
-255.67%
-0.47
+79.46%
-2.27
Treasury Stock
924.18
+26.78%
728.96
+47.80%
493.22
+31.01%
376.48
Minority Interest
700.80
-1.94%
714.63
+15.92%
616.50
+7.32%
574.45
Other Equity Adjustments
2.83
+270.08%
-1.66
-255.67%
-0.47
+79.46%
-2.27
Total Equity Gross Minority Interest
1,009.04
+11.91%
901.64
+4.70%
861.16
+13.38%
759.56
Total Capitalization
308.25
+64.83%
187.01
-23.56%
244.67
+32.18%
185.11
Working Capital
865.24
+19.39%
724.74
+31.71%
550.26
+31.19%
419.44
Invested Capital
308.25
+64.83%
187.01
-23.56%
244.67
+32.18%
185.11
Total Debt
413.92
+16.75%
354.52
+7.24%
330.60
+143.76%
135.63
Capital Lease Obligations
413.92
+16.75%
354.52
+7.24%
330.60
+143.76%
135.63
Net Tangible Assets
109.18
+719.15%
-17.63
-129.90%
58.98
+1172.63%
-5.50
Tangible Book Value
109.18
+719.15%
-17.63
-129.90%
58.98
+1172.63%
-5.50
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
526.30
-0.88%
530.95
+20.25%
441.53
+81.90%
242.73
Cash Flow From Continuing Operating Activities
526.30
-0.88%
530.95
+20.25%
441.53
+81.90%
242.73
Net Income From Continuing Operations
309.74
+29.88%
238.47
+63.69%
145.68
-11.59%
164.77
Depreciation Amortization Depletion
31.25
+9.00%
28.67
-21.81%
36.66
+1.24%
36.21
Depreciation
31.25
+9.00%
28.67
-21.81%
36.66
+1.24%
36.21
Depreciation And Amortization
31.25
+9.00%
28.67
-21.81%
36.66
+1.24%
36.21
Other Non Cash Items
-3.93
-108.16%
-1.89
-101.93%
-0.94
-133.48%
2.79
Stock Based Compensation
234.34
+12.03%
209.19
+17.17%
178.53
+7.86%
165.53
Provisionand Write Offof Assets
-0.80
-121.48%
3.71
-24.12%
4.89
+73.55%
2.82
Deferred Tax
-3.15
+63.00%
-8.52
-341.89%
-1.93
-208.13%
1.78
Deferred Income Tax
-3.15
+63.00%
-8.52
-341.89%
-1.93
-208.13%
1.78
Change In Working Capital
-41.15
-167.10%
61.33
-22.01%
78.63
+159.95%
-131.17
Change In Receivables
-75.85
-35.65%
-55.92
-207.74%
51.90
+259.72%
-32.50
Changes In Account Receivables
-75.85
-35.65%
-55.92
-207.74%
51.90
+259.72%
-32.50
Change In Payables And Accrued Expense
32.05
-70.01%
106.85
+69.55%
63.02
+212.39%
-56.07
Change In Accrued Expense
36.04
-69.49%
118.14
+33.89%
88.24
+349.63%
-35.35
Change In Payable
-3.99
+64.62%
-11.29
+55.23%
-25.22
-21.68%
-20.73
Change In Account Payable
-1.63
+86.62%
-12.20
+56.81%
-28.24
-35.57%
-20.83
Change In Other Working Capital
-2.72
-327.36%
-0.64
+77.10%
-2.78
-5149.09%
0.06
Change In Other Current Assets
5.37
-51.29%
11.03
+132.91%
-33.52
+21.44%
-42.66
Change In Other Current Liabilities
—
—
—
-22.49
Investing Cash Flow
-28.55
-454.11%
8.06
+123.47%
-34.35
+35.48%
-53.23
Cash Flow From Continuing Investing Activities
-28.55
-454.11%
8.06
+123.47%
-34.35
+35.48%
-53.23
Net PPE Purchase And Sale
-45.86
-1290.57%
-3.30
+16.02%
-3.93
-14.36%
-3.43
Purchase Of PPE
-45.86
-1290.57%
-3.30
+16.02%
-3.93
-14.36%
-3.43
Capital Expenditure
-45.86
-1290.57%
-3.30
+16.02%
-3.93
-14.36%
-3.43
Net Investment Purchase And Sale
17.32
-21.60%
22.09
+172.61%
-30.42
+38.92%
-49.80
Purchase Of Investment
-182.39
+50.70%
-369.99
-12.54%
-328.77
-128.42%
-143.93
Sale Of Investment
199.71
-49.06%
392.07
+31.41%
298.35
+216.96%
94.13
Net Business Purchase And Sale
0.00
+100.00%
-10.73
0.00
0.00
Purchase Of Business
0.00
+100.00%
-10.73
0.00
0.00
Financing Cash Flow
-453.79
-11.04%
-408.68
-79.19%
-228.08
-8.60%
-210.02
Cash Flow From Continuing Financing Activities
-453.79
-11.04%
-408.68
-79.19%
-228.08
-8.60%
-210.02
Net Issuance Payments Of Debt
0.00
0.00
0.00
0.00
Issuance Of Debt
0.00
0.00
-100.00%
15.00
-64.29%
42.00
Repayment Of Debt
0.00
0.00
+100.00%
-15.00
+64.29%
-42.00
Long Term Debt Issuance
0.00
0.00
-100.00%
15.00
-64.29%
42.00
Long Term Debt Payments
0.00
0.00
+100.00%
-15.00
+64.29%
-42.00
Net Long Term Debt Issuance
0.00
0.00
0.00
0.00
Short Term Debt Issuance
—
—
15.00
-64.29%
42.00
Short Term Debt Payments
—
—
-15.00
+64.29%
-42.00
Net Short Term Debt Issuance
—
—
0.00
0.00
Net Common Stock Issuance
-195.22
+16.96%
-235.10
-101.39%
-116.74
-6.63%
-109.48
Common Stock Payments
-195.22
+16.96%
-235.10
-101.39%
-116.74
-6.63%
-109.48
Common Stock Dividend Paid
-24.52
-1.62%
-24.13
+1.25%
-24.44
+0.80%
-24.63
Cash Dividends Paid
-24.52
-1.62%
-24.13
+1.25%
-24.44
+0.80%
-24.63
Repurchase Of Capital Stock
-195.22
+16.96%
-235.10
-101.39%
-116.74
-6.63%
-109.48
Net Other Financing Charges
-234.05
-56.61%
-149.45
-71.97%
-86.90
-14.49%
-75.91
Changes In Cash
43.96
-66.27%
130.33
-27.24%
179.11
+972.65%
-20.52
Effect Of Exchange Rate Changes
11.02
+652.94%
-1.99
-162.34%
3.20
+147.57%
-6.72
Beginning Cash Position
483.88
+36.10%
355.54
+105.24%
173.24
-13.59%
200.48
End Cash Position
538.86
+11.36%
483.88
+36.10%
355.54
+105.24%
173.24
Free Cash Flow
480.44
-8.95%
527.65
+20.58%
437.61
+82.87%
239.30
Interest Paid Supplemental Data
0.00
0.00
-100.00%
0.02
-84.96%
0.13
Income Tax Paid Supplemental Data
44.42
+23.10%
36.08
+54.94%
23.29
-18.51%
28.58
Change In Income Tax Payable
-2.36
-360.13%
0.91
-69.95%
3.02
+2778.10%
0.10
Change In Tax Payable
-2.36
-360.13%
0.91
-69.95%
3.02
+2778.10%
0.10
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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