$154.84
-0.90%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.
Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.
Healthy operating margins demonstrate effective cost control and strong business fundamentals.
Strong net margins indicate efficient operations and favorable tax/interest management.
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Room for improvement: Moderate profitability with opportunities to enhance margins through better cost management or pricing strategy.
PJT โข NYSE
| PJT Partners Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||
1.7B | 1.5B | 1.2B | 1B | 991.9M | 1.1B | 717.6M | 580.2M | 499.3M | 499.4M | 405.9M | 401.1M | 397M | 354.6M | |
GROSS PROFIT | ||||||||||||||
(1.2B) | (1B) | (805.4M) | (669.1M) | (640M) | (683.4M) | (502.2M) | (424.5M) | (391.5M) | (381M) | (315.2M) | (317.5M) | (339.8M) | (318.3M) | |
555.7M | 461.1M | 347.8M | 356.4M | 351.9M | 368.9M | 215.5M | 155.8M | 107.8M | 118.4M | 90.7M | 83.6M | 57.2M | 36.4M | |
OPERATING INCOME | ||||||||||||||
(192.9M) | (171.3M) | (150M) | (125.2M) | (106.5M) | (94.4M) | (106.9M) | (93.6M) | (78.7M) | (79.1M) | (89.1M) | (64.6M) | (63.3M) | (57.5M) | |
(133.5M) | (121.5M) | (104.8M) | (79.4M) | (80M) | (72M) | (66.7M) | (60.3M) | (56.9M) | (53.6M) | (60.1M) | (43.5M) | (40.8M) | (43.9M) | |
362.9M | 289.9M | 197.8M | 231.1M | 245.4M | 274.5M | 108.6M | 62.1M | 29.1M | 39.3M | 1.7M | 19M | -6.1M | -21.1M | |
PRE-TAX INCOME | ||||||||||||||
31.7M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
(59.3M) | (49.8M) | (45.2M) | (45.9M) | (26.6M) | (22.4M) | (40.2M) | (33.3M) | (21.8M) | (25.5M) | (29M) | (21.2M) | (22.5M) | (13.6M) | |
-19.9M | -19.3M | -20.2M | -29.7M | -25.9M | -26.6M | -26.4M | -20.6M | -19M | -24.8M | -7.6M | -11.4M | -7.7M | -18M | |
342.9M | 270.6M | 177.6M | 201.5M | 219.4M | 248M | 82.2M | 41.5M | 10.1M | 14.5M | -5.9M | 7.5M | -13.8M | -39.2M | |
NET INCOME | ||||||||||||||
(33.2M) | (32.1M) | (31.9M) | (36.7M) | (29.5M) | (35.5M) | (18.4M) | -1M | (38.4M) | (9.4M) | (239K) | (3M) | (3.4M) | (3.4M) | |
180.1M | 134.4M | 81.8M | 90.5M | 106.2M | 117.5M | 29.6M | 27.2M | -32.6M | -3M | 7.6M | 4.5M | -17.2M | -42.5M |
PJT - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
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 |
Continue your PJT research with focused valuation guides.
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.