PJT Partners (PJT) AI Stock Analysis

• Market Cap: $6.17B
• Dividend Yield: 0.56%
• Average Volume (3M): 153.98K
• Price to Earnings (P/E): 30.4
• Beta (1Y): 1.19
• Revenue Growth: 18.40%
• EPS Growth: 54.77%
• Country: US
• Employees: 1,143
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 1.54
• Shares Outstanding: 24,304,976
• 10 Day Avg. Volume: 162,661
• 30 Day Avg. Volume: 153,980
• PEG Ratio: 0.47
• Price to Book (P/B): 21.48
• Price to Sales (P/S): 2.69
• P/FCF Ratio: 7.61
• Enterprise Value/Market Cap: 1.29
• Enterprise Value/Revenue: 5.18
• Enterprise Value/Gross Profit: 16.41
• Enterprise Value/Ebitda: 23.46
• 1Y Price Target: $179.00
• Price Target Upside: -0.28% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 3

• Rating: 63 Neutral
• Price Target: $191.00 ▲(6.40% Upside)

PJT Partners' overall stock score reflects strong earnings performance and strategic advisory growth, offset by high valuation and technical indicators suggesting potential short-term weakness. The company's financial performance shows robust revenue growth but faces profitability and leverage challenges.

Positive Factors

Revenue Growth

Consistent revenue growth, with a 13% increase in Q2, highlights PJT's strong market position and effective client engagement, ensuring long-term business expansion.

Market Leadership in Restructuring

Leading the restructuring market demonstrates PJT's expertise and reputation, attracting high-profile clients and ensuring sustained demand for its services.

Strong Cash Generation

Strong cash generation supports operational flexibility and strategic investments, enhancing PJT's ability to navigate market fluctuations and pursue growth opportunities.

Negative Factors

Profitability Challenges

Low profitability margins indicate potential operational inefficiencies, which could hinder PJT's ability to reinvest in growth and maintain competitive pricing.

Increased Leverage

Higher leverage may strain PJT's financial stability, limiting its ability to invest in growth initiatives and increasing vulnerability to economic downturns.

Increased Non-Compensation Expenses

Rising non-compensation costs could pressure margins, reducing profitability and potentially impacting PJT's ability to maintain competitive pricing and service levels.

PJT Partners Business Overview & Revenue Model

Company Description

PJT Partners (PJT) is a global advisory-focused investment bank headquartered in New York City. The firm specializes in strategic advisory, shareholder advisory, and restructuring services across various sectors, including financial services, technology, healthcare, and consumer products. PJT Partners is known for its expertise in mergers and acquisitions, capital markets, and financial restructuring, providing tailored solutions to meet the complex needs of its clients, which range from corporations and private equity firms to institutional investors.

How the Company Makes Money

PJT Partners generates revenue primarily through advisory fees from its investment banking services, which include mergers and acquisitions (M&A) advisory, restructuring advisory, and capital markets advisory. The company earns fees based on the size and complexity of transactions it facilitates, typically structured as a percentage of the deal value. Additionally, PJT may receive success fees upon the completion of transactions. The firm also derives income from strategic advisory services, engaging in long-term partnerships with clients to provide ongoing financial advice. Furthermore, PJT Partners' involvement in restructuring and distressed asset advisory can yield significant revenue, especially during periods of economic volatility when companies seek to reorganize or refinance. Significant partnerships with major corporations and private equity firms enhance its credibility and attract a steady flow of advisory mandates, contributing to its earnings.

PJT Partners Financial Statement Overview

Summary

PJT Partners shows strong revenue growth and cash flow generation, but faces challenges with profitability and increased leverage. The company's ability to manage its debt and improve operational efficiency will be crucial for sustaining its growth trajectory and enhancing profitability.

Income Statement

PJT Partners shows a strong revenue growth trajectory with a remarkable 49,097.83% increase in TTM, indicating robust expansion. However, the net profit margin is extremely low at 0.02% in TTM, suggesting profitability challenges. The gross profit margin of 31.92% in TTM is stable, but EBIT and EBITDA margins are significantly lower than industry averages, reflecting potential operational inefficiencies.

Balance Sheet

The company's debt-to-equity ratio has increased to 2.48 in TTM, indicating higher leverage and potential financial risk. Return on equity is strong at 96.84% in TTM, showcasing effective use of equity. However, the equity ratio is not provided, which limits a full assessment of financial stability.

Cash Flow

Operating cash flow is robust with a high coverage ratio of 5.37 in TTM, indicating strong cash generation relative to net income. Despite a slight decline in free cash flow growth, the free cash flow to net income ratio remains healthy at 96.77%, suggesting efficient cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.54B	1.49B	1.15B	1.03B	991.95M	1.05B
Gross Profit	484.23M	461.11M	347.80M	356.36M	351.90M	368.91M
EBITDA	338.62M	331.61M	245.06M	267.35M	280.31M	310.90M
Net Income	160.37M	134.39M	81.80M	90.53M	106.17M	117.55M
Balance Sheet
Total Assets	1.51B	1.64B	1.43B	1.05B	987.63M	1.17B
Cash, Cash Equivalents and Short-Term Investments	214.62M	483.88M	355.54M	173.24M	200.48M	299.51M
Total Debt	414.66M	354.52M	330.60M	135.63M	157.01M	172.29M
Total Liabilities	662.80M	733.69M	573.81M	291.09M	350.05M	483.76M
Stockholders Equity	167.44M	187.01M	244.67M	185.11M	120.23M	154.26M
Cash Flow
Free Cash Flow	474.82M	527.65M	437.61M	239.30M	117.69M	460.59M
Operating Cash Flow	490.66M	530.95M	441.53M	242.73M	124.16M	469.44M
Investing Cash Flow	61.43M	8.06M	-34.35M	-53.23M	131.35M	-145.75M
Financing Cash Flow	-509.22M	-408.68M	-228.08M	-210.02M	-353.38M	-244.28M

PJT Partners Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 179.51
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PJT, the sentiment is Positive. The current price of 179.51 is below the 20-day moving average (MA) of 181.88, below the 50-day MA of 180.41, and above the 200-day MA of 160.75, indicating a neutral trend. The MACD of -0.51 indicates Positive momentum. The RSI at 48.37 is Neutral, neither overbought nor oversold. The STOCH value of 27.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PJT.

PJT Partners Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MC	80 Outperform	$5.51B	26.90	45.36%	3.74%	42.85%	1398.33%
EVR	79 Outperform	$12.70B	29.93	29.16%	1.00%	23.24%	55.76%
LAZ	73 Outperform	$4.89B	17.88	50.41%	3.86%	10.40%	91.75%
PIPR	73 Outperform	$6.05B	28.83	17.91%	1.65%	10.46%	50.47%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
PJT	63 Neutral	$6.17B	30.44	106.47%	0.56%	18.40%	54.77%
PWP	52 Neutral	$1.86B	25.90	46.63%	1.34%	20.01%	―

PJT Partners Corporate Events

PJT Partners Appoints Peter Currie to Board

On July 30, 2025, PJT Partners appointed Peter L.S. Currie to its Board of Directors, expanding the board to eight members. Currie, a seasoned executive with extensive experience in technology-driven companies, will also join the Audit Committee. His appointment is expected to enhance PJT’s industry expertise and global reach, aligning with the firm’s focus on leveraging technology to transform business models and deliver superior outcomes for clients and shareholders.

PJT Partners Holds Annual Stockholders Meeting

On June 18, 2025, PJT Partners Inc. held its Annual Meeting of Stockholders where three proposals were considered. The stockholders elected directors to the board, approved executive compensation on an advisory basis, and ratified Deloitte & Touche LLP as the independent public accounting firm for 2025. These decisions reflect the company’s ongoing governance and operational strategies, potentially impacting its market positioning and stakeholder relations.