analyzeportfolio
NYSE · Financials

PJT Partners Inc. (PJT)

As-reported financials and SEC filings for PJT Partners Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About PJT Partners Inc.

PJT Partners is a global investment bank that provides advisory services focused on strategic advice, restructuring, and capital raising. The company serves corporate clients, financial sponsors, and investors by advising on mergers and acquisitions, restructurings, capital markets transactions, and alternative asset fundraising. It operates through integrated businesses including Strategic Advisory, Restructuring and Special Situations, and PJT Park Hill, which offers private fund advisory and fundraising services.

Snapshot

Revenue
$1.70B
Revenue growth (YoY)
14.9%
Net income
$180.1M
Diluted EPS
Gross margin
Operating margin
Net margin
10.6%
FCF margin
28.3%
ROE
17.9%
net income / fiscal-year-end equity
P/E
24.6×
trailing when available, otherwise FY EPS
Market cap
$7.66B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at PJT Partners

  • Revenue grew 14.9% to $1.7B in FY2025, slower than the 28.8% the year before.
  • Most recent quarter Q2 FY2026: revenue $483M, up 20.3% from Q2 FY2025.
  • Free cash flow was $480M in FY2025, 28.3% of revenue.
  • Net income rose 34.0% to $180M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where PJT Partners’s fundamentals sit among the 425 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin10.6%
41st percentile of 377
FCF margin28.3%
68th percentile of 272
Revenue growth (YoY)+14.9%
60th percentile of 420
ROE17.9%
80th percentile of 375
P/E24.6×
82nd percentile of 318
Short interest4.63d
58th percentile of 420

No reported insider purchases (code P) in the last 90 days; 5 insider sales totaling $2.1M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+6 quant / multi-strat
Initiated / added
1
0 new, 1 added
Reduced / exited
6
5 trimmed, 1 exited
Combined position
$80.8M
reported long value
InvestorAs ofPosition valueSharesChange
Point72 Asset ManagementquantQ2 2026$32.7M216.6KReduced
Renaissance TechnologiesquantQ2 2026$18.9M125.0KAdded
Citadel AdvisorsquantQ2 2026$18.0M118.9KReduced
Two Sigma InvestmentsquantQ2 2026$6.0M39.6KReduced
AQR Capital ManagementquantQ2 2026$2.5M16.8KReduced
Gotham Asset ManagementQ2 2026$2.2M14.4KHeld
D. E. ShawquantQ2 2026$599,0814.0KReduced

No longer held by: Millennium Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
5
$2.1M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-21
Cornwell Kievdi DonDirectorSell7.0K$173.41$1.2M
2026-08-21
Costos JamesDirectorSell1.7K$175.00$302K
2026-08-21
Cornwell Kievdi DonDirectorSell858$174.04$149K
2026-08-10
Rafferty Emily KDirectorSell1.1K$167.35$184K
2026-07-31
Skaugen Grace RekstenDirectorSell1.3K$167.67$215K
2026-05-06
filed 2026-05-08
Travin David AdamGeneral CounselSell2.7K$152.38$419K
2026-05-06
filed 2026-05-08
Travin David AdamGeneral CounselSell252$152.92$39K
2026-05-01
Meates Helen TChief Financial OfficerSell8.0K$153.19$1.2M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
2.0M
settled 2026-08-14
Change vs prior
-6.1%
vs previous settlement
Days to cover
4.63
at avg daily volume
Avg daily volume
425.7K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-142.0M-6.1%4.63
2026-07-312.1M-9.2%4.93
2026-07-152.3M+17.7%4.52
2026-06-302.0M+22.3%3.11
2026-06-151.6M-1.5%4.99
2026-05-291.6M-10.4%4.55
2026-05-151.8M-1.6%5.19
2026-04-301.8M-7.4%4.22

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$1.70B$1.48B$1.15B$1.03B$986.4M
Gross profit
Operating income
Net income$180.1M$134.4M$81.8M$90.5M$106.2M
Diluted EPS

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$538.9M$483.9M$355.5M$173.2M$200.5M
Current assets
Total assets$1.84B$1.64B$1.43B$1.05B$987.6M
Current liabilities
Long-term debt
Total liabilities$834.2M$733.7M$573.8M$291.1M$350.1M
Total equity$1.01B$901.6M$861.2M$759.6M$637.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$526.3M$531.0M$441.5M$242.7M$124.2M
Capital expenditure$45.9M$3.3M$3.9M$3.4M$6.5M
Free cash flow$480.4M$527.7M$437.6M$239.3M$117.7M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$482.7M20.3%$45.8M
Q1 FY2026$411.0M27.7%$60.5M
Q4 FY2025$531.4M12.9%$53.4M
Q3 FY2025$442.3M38.1%$39.8M
Q2 FY2025$401.1M12.0%$32.9M
Q1 FY2025$321.9M-1.6%$54.0M
Q4 FY2024$470.5M45.4%$51.3M
Q3 FY2024$320.3M16.6%$22.1M

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorFinancials
SIC industryInvestment Advice
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2015
SEC CIK1626115

Selected SEC filings

10-Q2026-07-30
View on EDGAR →
10-Q2026-04-30
View on EDGAR →
8-K2026-07-28
View on EDGAR →
8-K2026-07-16
View on EDGAR →
8-K2026-06-18
View on EDGAR →
8-K2026-04-28
View on EDGAR →

Largest Financials peers

All Financials companies →

Monitor PJT

Get an alert when PJT Partners files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor PJT free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.