PJT Partners Inc. PJT
PJT Partners is a premier, global, advisory-focused investment bank that was built from the ground up to be different. Our highly experienced, collaborative teams provide independent advice coupled with old-world, high-touch client service. This ethos has allowed us to attract some of the very best talent in the markets in which we operate. We deliver leading advice to many of the world's most consequential companies, effect some of the most transformative transactions and restructurings and raise billions of dollars of capital around the globe to support startups and more established companies. PJT Partners began trading on the New York Stock Exchange ("NYSE") under the symbol "PJT" on October 1, 2015.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.70B | $1.48B | $1.15B | $1.03B | $986.4M | $1.05B | $716.8M | $575.7M | $499.3M | $499.4M |
| Total operating expenses | $1.37B | $1.22B | $975.6M | $824.0M | $772.5M | $804.3M | $635.4M | $538.7M | $489.2M | $484.9M |
| Pre-tax income | $342.9M | $270.6M | $177.6M | $201.5M | $219.4M | $248.0M | $82.2M | $41.5M | $10.1M | $14.5M |
| Income tax | $33.2M | $32.1M | $31.9M | $36.7M | $29.5M | $35.5M | $18.4M | $1.0M | $38.4M | $9.4M |
| Net income | $310.0M | $238.0M | $146.0M | $165.0M | $190.0M | $117.5M | $29.6M | $27.2M | -$32.6M | -$3.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $538.9M | $483.9M | $355.5M | $173.2M | $200.5M | $299.5M | $215.9M | $106.1M | $145.6M | $152.4M |
| Property, plant and equipment | $61.0M | $22.1M | $25.9M | $30.7M | $37.1M | $38.8M | $37.1M | $34.8M | $33.8M | $38.2M |
| Goodwill | $191.6M | $191.6M | $172.7M | $172.7M | $172.7M | $172.7M | $172.7M | $176.0M | $72.3M | $72.3M |
| Other intangibles | $7.5M | $13.0M | $13.0M | $17.9M | $24.4M | $32.0M | $39.8M | $49.2M | $12.3M | $14.7M |
| Total assets | $1.84B | $1.64B | $1.43B | $1.05B | $987.6M | $1.17B | $952.8M | $671.8M | $559.0M | $590.5M |
| Total liabilities | $834.2M | $733.7M | $573.8M | $291.1M | $350.1M | $483.8M | $378.3M | $184.1M | $136.5M | $177.1M |
| Retained earnings | $384.2M | $228.6M | $118.3M | $61.0M | -$4.9M | -$33.1M | -$144.9M | -$169.8M | -$186.0M | -$17.9M |
| Total equity | $308.2M | $187.0M | $861.2M | $759.6M | $637.6M | $687.8M | $574.5M | $487.7M | $422.5M | -$8.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $526.3M | $531.0M | $441.5M | $242.7M | $124.2M | $469.4M | $211.3M | $122.9M | $111.2M | $116.9M |
| Depreciation and amortisation | $13.3M | $12.8M | $14.0M | $15.5M | $15.8M | $15.1M | $14.5M | $10.0M | $8.1M | $5.2M |
| Stock-based compensation | $234.3M | $209.2M | $178.5M | $165.5M | $108.9M | $120.9M | $111.6M | $118.0M | $115.9M | $89.0M |
| Capital expenditure | $45.9M | $3.3M | $3.9M | $3.4M | $6.5M | $8.9M | $8.8M | $7.2M | $1.1M | $13.1M |
| Investing cash flow | -$28.5M | $8.1M | -$34.3M | -$53.2M | $131.3M | -$145.8M | -$1.7M | -$31.5M | -$38.2M | -$12.6M |
| Financing cash flow | -$453.8M | -$408.7M | -$228.1M | -$210.0M | -$353.4M | -$244.3M | -$101.1M | -$130.7M | -$79.6M | -$32.5M |
| Dividends paid | $24.5M | $24.1M | $24.4M | $24.6M | $78.0M | $4.8M | $4.6M | $4.3M | $3.8M | $3.7M |
| Buybacks | $195.2M | $235.1M | $116.7M | $109.5M | $103.3M | $48.7M | $47.8M | $64.9M | $2.3M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-028424.
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