PJT Partners Inc. (PJT) AI Stock Analysis

PJT Partners Inc. is an investment bank that delivers global financial advisory services to corporations, financial sponsors, institutional investors, and governments. Its services span mergers and acquisitions, spin-offs, joint ventures, activism defense, contested transactions, minority investments, divestitures, and complex corporate restructurings. The firm also provides shareholder advisory on strategic investor relations and environmental, social, and governance issues. In addition, PJT Partners assists clients with debt and acquisition financings, structured product offerings, public equity raises including IPOs and SPACs, and private capital raises for early- and later-stage companies. Founded in 2014, the firm is based in New York.

PJT Partners grew revenue from $991.9M in FY2021 to $1.71B in FY2025, producing a 5-year revenue CAGR of 10.2% from FY2020 through FY2025. Annual net income rose from $106.2M in FY2021 to $180.1M in FY2025, with diluted EPS expanding from $4.45 to $6.99 over the same time frame. Operating margin stood at 21.2% in FY2025, compared to 24.7% in FY2021. For the trailing twelve months ended June 30, 2026, revenue totaled $1.89B with an operating margin of 21.0%. In the latest quarter ended June 30, 2026, quarterly revenue grew 19.5% year over year while quarterly earnings increased 37.5%.

As of June 30, 2026, PJT Partners held $235.5M in cash and short-term investments against total debt of $419.4M, resulting in net debt of $183.8M. Total assets stood at $1.76B and shareholders' equity was $312.1M, yielding a debt-to-equity ratio of 1.34 and a current ratio of 6.78. In FY2025, the firm generated $526.3M in operating cash flow and $480.4M in free cash flow. Capital expenditures totaled $45.9M, while capital returns included $195.2M in share buybacks and $24.5M in dividends paid.

PJT Partners trades at a trailing P/E of 18.7x and a forward P/E of 16.5x, compared to medians of 12.1x and 10.8x for US-listed Financial Services peers. Its enterprise value of $4.00B translates to an EV/EBITDA multiple of 8.9x, which is below the peer median of 11.7x. The price-to-sales multiple is 3.1x versus the peer median of 3.2x. Over the past year, PJT returned -21.0% against a 16.8% gain for the S&P 500 (SPY). Over five years, the stock gained 70.5% compared to 83.0% for the index.

PJT Partners pays a forward annual dividend of $1.00 per share, equating to a dividend yield of 0.73% based on its $137.21 share price. The dividend payout ratio is 12.6%, and payments are distributed quarterly. The firm has paid dividends for 11 consecutive years, delivering a 5-year annualized dividend growth rate of 38.0%. Its most recent ex-dividend date was September 2, 2026.

Wall Street coverage consists of 2 Strong Buy, 0 Buy, 4 Hold, 0 Sell, and 1 Strong Sell ratings. The mean price target is $161.11, representing 17.4% upside over the last close of $137.21. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $1.85B and EPS of $7.42, up 6.2%. For the next fiscal year, 7 analysts project revenue of $2.11B and EPS of $8.69. The company beat EPS estimates in all 4 of its last 4 quarters, with next earnings scheduled for November 3, 2026.

This page is an AI-written research summary of PJT Partners Inc. (PJT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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