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PJT US​

PJT Partners Inc. Class A(PJT US)

$140.94-1.911.34%Ext:$154.42+13.489.56%(Market Closed · 00:00:03 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

PJT Partners Inc. Class A — Company Profile

PJT Partners Inc., an investment bank, provides various strategic advisory, shareholder advisory, capital markets advisory, and restructuring and special situations 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 provides advisory services for private and public company boards and management teams on strategies for building productive investor relationships with a focus on shareholder engagement; complex investor matters; and other critical strategic, governance, and shareholder matters. In addition, it offers advisory services related to debt and equity markets, including debt financings, acquisition financings, structured product offerings, public equity raises initial public offerings, private capital raises, general partner advisory, and other capital structure related matters. Further, the company provides geopolitical and policy advisory practice that assists corporate boards and management teams with navigating changing geopolitical relationships. Additionally, it offers advisory services in the areas of liability management, and restructurings and special situations comprising bespoke financing, tort liability resolutions, distressed M&A, and chapter 11 matters, as well as to corporate clients, financial sponsors, and creditors. The company also provides private fund advisory and fundraising services for a range of investment strategies; and advisory services to general and limited partners on liquidity and other structured solutions. 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.

Sector
Financials
Industry
Capital Markets
Exchange
UN
CEO
Paul J. Taubman
Headquarters
New York, NY, US
IPO Date
Sep 22, 2015
Employees
1,224
Website
www.pjtpartners.com

Key Metrics

Price
$138.69
Market Cap
$3.55B
Revenue (TTM)
$418.20M
Net Income (TTM)
$60.50M
EPS (TTM)
2.31
P/E (TTM)
19.00
P/B (TTM)
13.00
Dividend Yield
65.40%
ROE (TTM)
22.18%
ROA (TTM)
3.87%
Operating Margin
19.21%
Beta
0.61

Dividends

Last Dividend
$0.25
Last Yield
0.65%

Summary

PJT Partners Inc., an investment bank, provides various strategic advisory, shareholder advisory, capital markets advisory, and restructuring and special situations 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 provides advisory services for private and public company boards and management teams on strategies for building productive investor relationships with a focus on shareholder engagement; complex investor matters; and other critical strategic, governance, and shareholder matters. In addition, it offers advisory services related to debt and equity markets, including debt financings, acquisition financings, structured product offerings, public equity raises initial public offerings, private capital raises, general partner advisory, and other capital structure related matters. Further, the company provides geopolitical and policy advisory practice that assists corporate boards and management teams with navigating changing geopolitical relationships. Additionally, it offers advisory services in the areas of liability management, and restructurings and special situations comprising bespoke financing, tort liability resolutions, distressed M&A, and chapter 11 matters, as well as to corporate clients, financial sponsors, and creditors. The company also provides private fund advisory and fundraising services for a range of investment strategies; and advisory services to general and limited partners on liquidity and other structured solutions. 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.

Website
www.pjtpartners.com
Location
New York, NY, US
Phone212 364 7800
Employees1,224
CEOPaul J. Taubman
Sector
Financials
Industry
Capital Markets
IPO DateSep 22, 2015

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Latest Documents

SEC Filings(843)

Expand
  • 3Initial statement of beneficial ownership2 Oct
  • 4Statement of changes in beneficial ownership18 Sep
  • 4Statement of changes in beneficial ownership18 Sep
  • 4Statement of changes in beneficial ownership18 Sep
  • 4Statement of changes in beneficial ownership18 Sep
  • 4Statement of changes in beneficial ownership18 Sep
  • 4Statement of changes in beneficial ownership18 Sep
  • 4Statement of changes in beneficial ownership18 Sep
  • 4Statement of changes in beneficial ownership18 Sep
  • 4Statement of changes in beneficial ownership18 Sep
  • 4Statement of changes in beneficial ownership18 Sep
  • 4Statement of changes in beneficial ownership21 Aug
  • 4Statement of changes in beneficial ownership21 Aug
  • 144Cornwell Kievdi Don21 Aug
  • 144Costos James21 Aug
  • 4Statement of changes in beneficial ownership10 Aug
  • 144Rafferty Emily K10 Aug
  • 4Statement of changes in beneficial ownership3 Aug
  • 4Statement of changes in beneficial ownership31 Jul
  • 144Skaugen Grace Reksten31 Jul

News

  • PJT Partners: Credit Crisis In AI Is A Golden Opportunity02:49AM
  • JetBlue creditors working with restructuring adviser PJT Partners, WSJ reports23 Oct
  • PJT Partners Inc. to Report Third Quarter and Nine Months 2026 Financial Results and Host a Conference Call on November 3, 202622 Oct
  • PJT Partners Inc (PJT) Shares Fall 3.5% -- What GF Score of 85 Tells Investors14 Oct
  • Why PJT Partners Stock Withered on Wednesday7 Oct
  • PJT Partners (NYSE:PJT) and Blackstone Secured Lending Fund (NYSE:BXSL) Head to Head Survey21 Sep
  • PJT Partners Inc. $PJT Shares Bought by California State Teachers Retirement System15 Sep
  • 3 Reasons Why Growth Investors Shouldn't Overlook PJT Partners (PJT)13 Aug
  • First Trust Advisors LP Sells 12,687 Shares of PJT Partners Inc. $PJT5 Aug
  • PJT Partners: Expecting A Slowdown, Though Restructuring Remains Strong29 Jul
  • PJT Partners Inc. (PJT) Q2 2026 Earnings Call Transcript28 Jul
  • PJT Partners Q2 Earnings Call Highlights28 Jul
  • PJT Partners (PJT) Q2 Earnings and Revenues Top Estimates28 Jul
  • PJT Partners Inc. Reports Record Second Quarter and Six Months 2026 Results28 Jul
  • Bank of New York Mellon Corp Reduces Holdings in PJT Partners Inc. $PJT28 Jul

Mentions in Filings

  • The following is a summary of the material financial analyses used by <strong>PJT Partners</strong> in preparing its opinion to the Special Committee and the Company Board. Certain financial analyses summarized below include information presented in tabular format. In order to fully understand the financial analyses used by PJT Partners, the tables must be read together with the text of each summary, as the tables alone do not constitute a complete description of …
    DoubleVerify Holdings, Inc.PJT Partners Inc. Class A·DEFA14A - Definitive additional materials·Q4 26·20 Oct
  • … r than transactions involving whole companies, and the selected precedent transactions occurred during periods in which financial, economic and market conditions were different from those in existence as of the date of <strong>PJT Partners</strong>’ opinion. Accordingly, PJT Partners believed, and discussed with the Special Committee, that a purely quantitative selected precedent transaction analysis would not be particularly meaningful in the context of consider …
    DoubleVerify Holdings, Inc.PJT Partners Inc. Class A·8-K - Other Events·Q4 26·20 Oct
  • Section 3.19. *Finders’ Fees* . Except for <strong>PJT Partners</strong> LP, whose fees and expenses will be paid by Seller, there is no investment banker, broker, finder or other intermediary which has been retained by or is authorized to act on behalf of Seller who might be entitled to any fee or commission in connection with the transactions contemplated by this Agreement. Section 3.20. *Insurance*. (a) **‎**Section 3.20(a) of the Hertz Disclosure Schedule s …
    HERTZ CORPPJT Partners Inc. Class A·EX-10.2 - 8-K - Entry into a Material Definitive Agreement·Q4 26·20 Oct
  • … him well qualified to serve as a director. Martin Dewhurst has served as advisor to GHO Capital, a healthcare specialist private equity firm since July 2024. Mr. Dewhurst has been a senior advisor since April 2023 to <strong>PJT Partners</strong>, a global investment and M&A advisory bank. Mr. Dewhurst has also served as a senior advisor to LightRock, a growth capital fund, since April 2023. Mr. Dewhurst also holds various board positions including at Unilabs …
    Turn Therapeutics Inc.PJT Partners Inc. Class A·ARS - Annual report to security holders·FY25·19 Oct
  • t has served as a director since January 2026. Mr. Dewhurst has served as advisor to GHO Capital, a healthcare specialist private equity firm, since July 2024. Mr. Dewhurst has been a senior advisor since April 2023 to <strong>PJT Partners</strong>, a global investment and M&A advisory bank. Mr. Dewhurst has also served as a senior advisor to LightRock, a growth capital fund, since April 2023. Mr. Dewhurst also holds various board positions including at Unilabs L …
    Turn Therapeutics Inc.PJT Partners Inc. Class A·DEF 14A - PROXY STATEMENT·Q4 26·19 Oct
  • The full text of <strong>PJT Partners</strong>’ written opinion delivered to the Victory board, dated August 25, 2026, is attached as Annex C and incorporated into this proxy statement by reference in its entirety. References in PJT Partners’ written opinion to Voyager Merger Sub 1, Inc., Voyager Merger Sub 2, LLC, Gatsby Parent, L.P., and Gatsby Holdings, Inc. refer to the entities referenced in this proxy statement as Fortify Holdings 1, Inc., Fortify Holdings …
    Victory Capital Holdings, Inc.PJT Partners Inc. Class A·DEFM14A - Definitive proxy statement (merger)·Q4 26·16 Oct

Key Stats

Trading

Px/Chg 1D$138.69 / -1.15%
Avg Volume387.19K
Beta0.61
Mkt Cap3.55B
FD Mkt Cap4.67B

Float

Shrs Out/Float25.57M / 23.72M
Short Float0.08%
Days to Cover3.11
Stock Repurchased$61.28M

Current Valuation

EV4.32B
EV/EBITDA10.47
EV/Sales2.39
P/B13.00
P/S1.96
FCF Yield1.58%
ROE22.18%
ROA3.87%
Current Ratio8.14

Dividend

Cash$0.25
Yield65.40%
Yield (TTM)65.40%

Estimates

P/E19.00
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMay '23May '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings41.4217.7830.4026.8473.4658.61
Price / Sales4.391.572.162.427.328.48
Price / Book Value12.778.6910.1619.2912.7213.00
Price / Free Cash Flow22.176.735.686.8428.2963.32
ENTERPRISE VALUE METRICS
Enterprise Value3,645.72,146.33,078.24,192.44,495.94,315.5
Enterprise Value / Sales5.262.092.672.818.4010.32
Enterprise Value / EBITDA23.798.0313.1313.1633.4651.17
Enterprise Value / EBIT25.729.2915.5614.4635.5953.69

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue14.6%991.91,025.51,153.21,493.21,713.7
Gross Income12.1%351.9356.4347.8461.1555.7
EBITDA8.9%280.3267.3234.5318.5394.1
EBIT10.3%245.4231.1197.8289.9362.9
Net Income14.1%106.290.581.8134.4180.1
EPS (Diluted)13.7%3.993.514.894.926.68
BALANCE SHEET
Cash & ST Inv30.7%200.5173.2355.5483.9585.8
Total Assets17.9%987.61,050.71,435.01,635.31,907.0
Total Liabilities26.6%350.1291.1573.8733.7898.0
Total Shareholder Equity26.5%120.2185.1244.7187.0308.2
CASH FLOW
Net Operating Cash Flow43.5%124.2242.7441.5531.0526.3
Cap Ex63.2%-6.5-3.4-3.9-3.3-45.9
Free Cash Flow42.1%117.7239.3437.6527.7480.4

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)141.30
Basic Shares25.57
Market Cap3,612.5
Diluted Shares43.28
Fully Diluted Shares Outstanding43.28
Fully Diluted Market Cap6,115.7
+Consolidated Debt421.5
−In-the-Money Convertible Debt—
+Capital Leases421.5
+Operating Leases—
−Cash & Equivalents-308.8
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest657.0
+Pension Liabilities—
Enterprise Value4,382.2

Segment data

Revenue

by Products and services

  • Advisory Fees88%
  • Placement Fees11%
  • Interest Income And Other2%

Revenue

by Geography

  • United States97%
  • Non-us3%

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