PJT Partners Inc.

PJT Partners Inc.

PJTยทNYSE

$154.84

+0.32%
Financial ServicesFinancial - Capital Markets

PJT Partners Inc., an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory 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 advises private and public company boards and management teams on strategies for building productive investor relationships with a focus on shareholder engagement; and strategic investor relations; environmental, social, and governance matters; and other investor-related matters. In addition, it provides advisory services related to debt and acquisition financings; structured product offerings; public equity raises, including initial public offering and SPAC offerings; and private capital raises for early and later stage companies, as well as other capital structure related matters. Further, the company offers advisory services in restructurings and recapitalizations; and serving a range of companies, creditors, and financial sponsors on liability management and related capital raise transactions, including exchanges, recapitalizations, reorganizations, debt repurchases, and distressed mergers and acquisitions. Additionally, it provides private fund advisory and fundraising services for a range of investment strategies; and advisory services to GPs and LPs on liquidity and other structured solutions in the secondary market. 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.

At a Glance

Live Snapshot
Market Cap$4.00B
EPS7.0000
P/E Ratio22.12
Earnings Date07/28/2026
3Y+117.0%
5Y+12.0%
10Y+350.0%
3Y-46.0%
5Y-80.0%
10Y+127.0%
3Y+116.0%
5Y+86.0%
10Y+1296.0%
PJT

PJT Partners Inc. Cash Conversion Engine

PJT ยท NYSE
Net Income180.12M
Depreciation & Amortization31.25M
Stock-Based Compensation0.00
Change in Working Capital-41.15M
Others356.09M
Capital Expenditures-45.86M
Free Cash Flow480.44M

Cash Flow Quality Analysis

FCF Conversion Rate

266.7%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

8.7%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-8.9%

Declining FCF warrants attention. Investigate whether due to temporary factors or fundamental deterioration.

Working Capital Impact

-$41.15M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

PJT Partners Inc. Cash Flow Statement

PJT โ€ข NYSE

PJT Partners Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012
OPERATING ACTIVITIES
180.1M
238.5M
145.7M
164.8M
190M
212.4M
63.8M
42.6M
-28.3M
5.1M
-6.2M
4.5M
-17.2M
-42.5M
31.2M
28.7M
36.7M
36.2M
34.9M
36.4M
32.8M
10M
8.1M
14M
14.8M
7.8M
8.8M
10.6M
0.0
-8.5M
-1.9M
1.8M
7.1M
6.9M
11.5M
-7.8M
31M
2.3M
0.0
0.0
0.0
0.0
0.0
209.2M
178.5M
165.5M
108.9M
120.9M
111.6M
118M
115.9M
89M
38.6M
66.5M
79.3M
86.6M
356.1M
1.8M
4M
5.6M
-1.8M
-3M
3.4M
708K
-2.3M
4.8M
-1.4M
795K
-2.4M
-4.2M
(0.0)
(36.1M)
(23.3M)
(28.6M)
(30.9M)
(36.2M)
(3.8M)
(501K)
(15.1M)
(6.8M)
(3.5M)
(3.7M)
(3.1M)
(3.5M)
-41.2M
61.3M
78.6M
-131.2M
-214.9M
95.8M
-11.8M
-40.5M
-13.2M
1.6M
66.4M
-29.5M
-18.3M
-22.7M
526.3M
531M
441.5M
242.7M
124.2M
469.4M
211.3M
122.9M
111.2M
116.9M
112.2M
50M
50.2M
27.6M
INVESTING ACTIVITIES
-45.9M
-3.3M
-3.9M
-3.4M
-6.5M
-8.9M
-8.8M
-7.2M
-1.1M
-13.1M
-34.6M
(0.0)
(0.0)
(0.0)
(0.0)
-10.7M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-61.5M
(0.0)
(0.0)
(12.7M)
(0.0)
(0.0)
(0.0)
-182.4M
-370M
-328.8M
-143.9M
-97.6M
-278.1M
-11.3M
-22M
-57.2M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
199.7M
392.1M
298.3M
94.1M
235.5M
141.2M
10.9M
59.2M
20M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
7.5M
0.0
0.0
538K
-2.3M
0.0
0.0
0.0
-28.5M
(8.1M)
-34.3M
-53.2M
(131.3M)
-145.8M
-1.7M
-31.5M
-38.2M
-12.6M
-24.2M
(0.0)
(0.0)
(0.0)
FINANCING ACTIVITIES
-195.2M
-235.1M
-116.7M
-109.5M
-103.3M
-48.7M
-47.8M
-64.9M
-2.3M
-266K
49.4M
-41.1M
-45.2M
-59.8M
0.0
0.0
0.0
0.0
0.0
-21.5M
-8.5M
29.9M
-97K
-88K
-21K
0.0
0.0
0.0
-24.5M
-24.1M
-24.4M
-24.6M
-78M
-4.8M
-4.6M
-4.3M
-3.8M
-3.7M
-88.9M
(0.0)
(0.0)
(0.0)
-195.2M
-235.1M
-116.7M
-109.5M
-103.3M
-48.7M
-47.8M
-64.9M
-2.3M
-266K
(0.0)
-41.1M
-45.2M
-59.8M
-234M
-149.4M
-86.9M
-75.9M
-172.1M
-169.3M
-40.2M
-91.4M
-73.4M
-28.4M
-4.7M
0.0
45K
0.0
-453.8M
-408.7M
-228.1M
-210M
-353.4M
-244.3M
-101.1M
-130.7M
-79.6M
-32.5M
-44.2M
-41.1M
-45.1M
-59.8M
CASH FLOW SUMMARY
11M
-2M
3.2M
-6.7M
-1.2M
4.2M
1.4M
-276K
-151K
-2.5M
0.0
0.0
0.0
-290K
55M
128.3M
182.3M
-27.2M
-99M
83.6M
109.8M
-39.5M
-6.8M
69.3M
43.8M
8.9M
5.1M
-32.4M
483.9M
355.5M
173.2M
200.5M
299.5M
216M
106.1M
145.6M
152.4M
83.1M
38.5M
29.7M
24.6M
57M
538.9M
483.9M
355.5M
173.2M
200.5M
299.5M
216M
106.1M
145.6M
152.4M
82.3M
38.5M
29.7M
24.6M
480.4M
527.7M
437.6M
239.3M
117.7M
460.6M
202.4M
115.7M
110.2M
103.8M
76.3M
50M
50.2M
27.6M

SEC Filings

PJT - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
10-Q

10-Q 2026 Q1

Q1

April 30, 2026
March 31, 2026
2026
DEF 14A

DEF 14A 2025

N/A

April 29, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

April 28, 2026
April 28, 2026
2026
10-K

10-K 2025 FY

FY

February 26, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 03, 2026
February 03, 2026
2026
8-K

8-K 2025

N/A

November 26, 2025
November 26, 2025
2025
10-Q

10-Q 2025 Q3

Q3

November 06, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

November 04, 2025
November 04, 2025
2025
8-K

8-K 2025

N/A

July 31, 2025
July 30, 2025
2025
10-Q

10-Q 2025 Q2

Q2

July 31, 2025
June 30, 2025
2025
Showing 1 to 10 of 128 filings