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PJT Partners Inc.

PJT Clue Score62
United States Fiscal year ends December CIK 0001626115
$137.28 +1.09% Close, 9 Oct 2026
Price $137.28 +68.67% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue499.4Net income−3.0Fiscal year 2017Revenue499.3 −0.0%Net income−32.6Fiscal year 2018Revenue575.7 +15.3%Net income27.2Fiscal year 2019Revenue716.8 +24.5%Net income29.6 +8.8%Fiscal year 2020Revenue1,045.0 +45.8%Net income117.5 +297.6%Fiscal year 2021Revenue986.4 −5.6%Net income106.2 −9.7%Fiscal year 2022Revenue1,026.6 +4.1%Net income90.5 −14.7%Fiscal year 2023Revenue1,146.3 +11.7%Net income81.8 −9.6%Fiscal year 2024Revenue1,476.1 +28.8%Net income134.4 +64.3%Fiscal year 2025Revenue1,696.7 +14.9%Net income180.1 +34.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 499.4 499.3 575.7 716.8 1,045.0 986.4 1,026.6 1,146.3 1,476.1 1,696.7
Growth −0.0% +15.3% +24.5% +45.8% −5.6% +4.1% +11.7% +28.8% +14.9%
Net income −3.0 −32.6 27.2 29.6 117.5 106.2 90.5 81.8 134.4 180.1
Growth +8.8% +297.6% −9.7% −14.7% −9.6% +64.3% +34.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin−0.6%Free cash flow margin20.8%Fiscal year 2017Net margin−6.5%Free cash flow margin22.1%Fiscal year 2018Net margin4.7%Free cash flow margin20.1%Fiscal year 2019Net margin4.1%Free cash flow margin28.2%Fiscal year 2020Net margin11.2%Free cash flow margin44.1%Fiscal year 2021Net margin10.8%Free cash flow margin11.9%Fiscal year 2022Net margin8.8%Free cash flow margin23.3%Fiscal year 2023Net margin7.1%Free cash flow margin38.2%Fiscal year 2024Net margin9.1%Free cash flow margin35.7%Fiscal year 2025Net margin10.6%Free cash flow margin28.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin −0.6% −6.5% 4.7% 4.1% 11.2% 10.8% 8.8% 7.1% 9.1% 10.6%
Free cash flow margin 20.8% 22.1% 20.1% 28.2% 44.1% 11.9% 23.3% 38.2% 35.7% 28.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow116.9Capital expenditure−13.1Free cash flow103.8Dividends paid−3.7Fiscal year 2017Operating cash flow111.2Capital expenditure−1.1Free cash flow110.2 +6.2%Buybacks−2.3Dividends paid−3.8Fiscal year 2018Operating cash flow122.9Capital expenditure−7.2Free cash flow115.7 +5.1%Buybacks−64.9Dividends paid−4.3Fiscal year 2019Operating cash flow211.3Capital expenditure−8.8Free cash flow202.4 +74.9%Buybacks−47.8Dividends paid−4.6Fiscal year 2020Operating cash flow469.4Capital expenditure−8.9Free cash flow460.6 +127.5%Buybacks−48.7Dividends paid−4.8Fiscal year 2021Operating cash flow124.2Capital expenditure−6.5Free cash flow117.7 −74.4%Buybacks−103.3Dividends paid−78.0Fiscal year 2022Operating cash flow242.7Capital expenditure−3.4Free cash flow239.3 +103.3%Buybacks−109.5Dividends paid−24.6Fiscal year 2023Operating cash flow441.5Capital expenditure−3.9Free cash flow437.6 +82.9%Buybacks−116.7Dividends paid−24.4Fiscal year 2024Operating cash flow531.0Capital expenditure−3.3Free cash flow527.7 +20.6%Buybacks−235.1Dividends paid−24.1Fiscal year 2025Operating cash flow526.3Capital expenditure−45.9Free cash flow480.4 −8.9%Buybacks−195.2Dividends paid−24.5
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 116.9 111.2 122.9 211.3 469.4 124.2 242.7 441.5 531.0 526.3
Capital expenditure −13.1 −1.1 −7.2 −8.8 −8.9 −6.5 −3.4 −3.9 −3.3 −45.9
Free cash flow 103.8 110.2 115.7 202.4 460.6 117.7 239.3 437.6 527.7 480.4
Growth +6.2% +5.1% +74.9% +127.5% −74.4% +103.3% +82.9% +20.6% −8.9%
Buybacks n/a −2.3 −64.9 −47.8 −48.7 −103.3 −109.5 −116.7 −235.1 −195.2
Dividends paid −3.7 −3.8 −4.3 −4.6 −4.8 −78.0 −24.6 −24.4 −24.1 −24.5

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash152.4Shareholders’ equity−8.6Fiscal year 2017Cash145.6Shareholders’ equity−157.3Fiscal year 2018Cash106.1Shareholders’ equity−26.5Fiscal year 2019Cash216.0Shareholders’ equity31.4Fiscal year 2020Cash299.5Shareholders’ equity154.3Fiscal year 2021Cash200.5Shareholders’ equity120.2Fiscal year 2022Cash173.2Shareholders’ equity185.1Fiscal year 2023Cash355.5Shareholders’ equity244.7Fiscal year 2024Cash483.9Shareholders’ equity187.0Fiscal year 2025Cash538.9Shareholders’ equity308.2
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 152.4 145.6 106.1 216.0 299.5 200.5 173.2 355.5 483.9 538.9
Shareholders’ equity −8.6 −157.3 −26.5 31.4 154.3 120.2 185.1 244.7 187.0 308.2

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
2.9% 2.0% 7.2% 11.5% 23.7% 22.2% 19.6% 15.5% 18.3% 20.2%
−0.6% −6.5% 4.7% 4.1% 11.2% 10.8% 8.8% 7.1% 9.1% 10.6%
20.8% 22.1% 20.1% 28.2% 44.1% 11.9% 23.3% 38.2% 35.7% 28.3%
Spending
2.6% 0.2% 1.3% 1.2% 0.8% 0.7% 0.3% 0.3% 0.2% 2.7%
64.8% 381.7% −2.5% 22.4% 14.3% 13.4% 18.2% 18.0% 11.9% 9.7%
Returns
n/a n/a n/a 94.2% 76.2% 88.3% 48.9% 33.4% 71.9% 58.4%
−0.5% −5.8% 4.0% 3.1% 10.0% 10.7% 8.6% 5.7% 8.2% 9.8%
Balance and payout
30.0% 24.4% 27.4% 39.7% 41.3% 35.4% 27.7% 40.0% 44.9% 45.3%
n/a n/a 15.9% 15.7% 4.1% 73.4% 27.2% 29.9% 18.0% 13.6%
3.6% 5.5% 59.8% 25.9% 11.6% 154.1% 56.0% 32.3% 49.1% 45.7%