PJT Partners (PJT) Financials

$150.77 -0.11 (-0.07%)

Closing price 05/30/2025 03:59 PM Eastern

Extended Trading

$150.70 -0.07 (-0.05%)

As of 05/30/2025 04:21 PM Eastern

Annual Income Statements for PJT Partners

This table shows PJT Partners' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	134	82	91	106	118	30	27	-33	-3.03	7.58
Consolidated Net Income / (Loss)	238	146	165	190	212	64	43	-28	5.11	-6.18
Net Income / (Loss) Continuing Operations	238	146	165	190	230	64	43	-28	5.11	-6.18
Total Pre-Tax Income	271	178	201	219	248	82	42	10	15	-5.94
Total Operating Income	271	178	201	219	248	82	42	10	15	-5.94
Total Gross Profit	461	348	356	352	369	215	156	108	118	91
Total Revenue	1,493	1,153	1,026	992	1,052	718	580	499	499	406
Operating Revenue	1,493	1,153	1,026	992	1,052	718	580	499	499	406
Total Cost of Revenue	1,032	805	669	640	683	502	424	392	381	315
Operating Cost of Revenue	1,032	805	669	640	683	502	424	392	381	315
Total Operating Expenses	191	170	155	132	121	133	114	98	104	97
Selling, General & Admin Expense	90	85	74	71	64	62	54	49	28	35
Depreciation Expense	13	14	15	16	15	14	9.97	8.14	14	15
Other Operating Expenses / (Income)	88	72	66	45	42	57	50	41	62	47
Total Other Income / (Expense), net	0.00	0.00	0.00	0.00	18	0.00	0.00	0.00	0.00	0.00
Income Tax Expense	32	32	37	29	36	18	-1.05	38	9.39	0.24
Net Income / (Loss) Attributable to Noncontrolling Interest	104	64	74	84	95	34	15	4.23	8.14	-14
Basic Earnings per Share	$5.28	$3.24	$3.61	$4.25	$4.80	$1.23	$1.23	($1.73)	($0.17)	$0.00
Weighted Average Basic Shares Outstanding	25.45M	25.26M	25.08M	24.96M	24.50M	24.01M	21.88M	18.86M	18.29M	0.00
Diluted Earnings per Share	$4.92	$3.12	$3.51	$3.99	$4.40	$1.21	$1.16	($1.73)	($0.17)	$0.00
Weighted Average Diluted Shares Outstanding	44.11M	41.88M	26.62M	42.36M	43.13M	25.01M	24.25M	18.86M	18.29M	0.00
Weighted Average Basic & Diluted Shares Outstanding	23.30M	23.92M	24.10M	23.89M	23.83M	0.00	22.77M	18.86M	18.29M	0.00

This table shows PJT Partners' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	54	51	22	28	33	25	17	22	17	25	21
Consolidated Net Income / (Loss)	74	91	41	53	53	45	31	41	28	46	39
Net Income / (Loss) Continuing Operations	74	91	41	53	53	45	31	41	28	46	39
Total Pre-Tax Income	53	103	49	64	54	52	43	54	29	60	48
Total Operating Income	53	103	49	64	54	52	43	54	29	60	48
Total Gross Profit	103	151	100	110	100	96	85	100	67	100	87
Total Revenue	325	477	326	360	329	329	278	346	200	280	266
Operating Revenue	325	477	326	360	329	329	278	346	200	280	266
Total Cost of Revenue	221	326	227	250	229	232	193	247	133	180	179
Operating Cost of Revenue	221	326	227	250	229	232	193	247	133	180	179
Total Operating Expenses	51	48	50	45	47	45	42	45	38	40	39
Selling, General & Admin Expense	23	21	26	21	22	22	22	24	17	17	19
Depreciation Expense	3.21	3.21	2.98	3.11	3.50	3.46	3.55	3.60	3.44	3.32	3.76
Other Operating Expenses / (Income)	25	24	21	21	21	19	17	18	17	19	16
Total Other Income / (Expense), net	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Income Tax Expense	-22	12	8.31	11	0.53	6.20	11	13	1.21	14	8.60
Net Income / (Loss) Attributable to Noncontrolling Interest	20	40	19	25	21	21	14	19	11	21	18
Basic Earnings per Share	$2.12	$2.02	$0.87	$1.12	$1.27	$0.98	$0.69	$0.88	$0.69	$0.98	$0.84
Weighted Average Basic Shares Outstanding	25.52M	25.45M	25.37M	25.38M	25.69M	25.26M	25.19M	25.24M	25.23M	25.08M	24.97M
Diluted Earnings per Share	$1.99	$1.85	$0.79	$1.06	$1.22	$0.91	$0.68	$0.86	$0.67	$0.95	$0.82
Weighted Average Diluted Shares Outstanding	44.46M	44.11M	44.64M	43.09M	28.17M	41.88M	26.64M	26.33M	26.92M	26.62M	26.52M
Weighted Average Basic & Diluted Shares Outstanding	24.43M	23.30M	23.70M	23.79M	23.99M	23.92M	24.24M	24.19M	24.80M	24.10M	24.41M

This table details how cash moves in and out of PJT Partners' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	128	182	-27	-99	84	110	-40	-6.81	69	44
Net Cash From Operating Activities	531	442	243	124	469	211	123	111	117	112
Net Cash From Continuing Operating Activities	531	442	243	124	469	211	123	111	117	112
Net Income / (Loss) Continuing Operations	238	146	165	190	212	64	43	-28	5.11	-6.18
Consolidated Net Income / (Loss)	238	146	165	190	212	64	43	-28	5.11	-6.18
Depreciation Expense	13	14	15	16	15	14	9.97	8.14	14	15
Amortization Expense	16	23	21	19	21	18	0.00	0.00	-	-
Non-Cash Adjustments To Reconcile Net Income	211	182	173	107	125	126	111	145	96	37
Changes in Operating Assets and Liabilities, net	53	77	-131	-208	96	-12	-40	-13	1.57	66
Net Cash From Investing Activities	8.06	-34	-53	131	-146	-1.72	-31	-38	-13	-24
Net Cash From Continuing Investing Activities	8.06	-34	-53	131	-146	-1.72	-31	-38	-13	-24
Purchase of Property, Plant & Equipment	-3.30	-3.93	-3.43	-6.47	-8.85	-8.81	-7.21	-1.06	-13	-35
Acquisitions	-11	0.00	0.00	-	-	-	-61	0.00	0.00	11
Purchase of Investments	-370	-329	-144	-98	-278	-11	-22	-57	0.00	0.00
Sale and/or Maturity of Investments	392	298	94	235	141	11	59	20	0.00	0.00
Net Cash From Financing Activities	-409	-228	-210	-353	-244	-101	-131	-80	-33	-44
Net Cash From Continuing Financing Activities	-409	-228	-210	-353	-244	-101	-131	-80	-33	-44
Repayment of Debt	0.00	-15	-42	-15	-38	-24	0.00	0.00	-0.09	-0.02
Repurchase of Common Equity	-235	-117	-109	-103	-49	-48	-65	-2.30	0.00	0.00
Payment of Dividends	-24	-67	-25	-116	-4.82	-4.65	-4.32	-3.80	-3.73	-4.66
Issuance of Debt	0.00	15	42	15	16	15	30	0.00	0.00	-
Other Financing Activities, net	-149	-44	-76	-134	-169	-40	-91	-74	-29	-40
Effect of Exchange Rate Changes	-1.99	3.20	-6.72	-1.16	4.15	1.45	-0.28	-0.15	-2.50	0.00
Cash Interest Paid	0.00	0.02	0.13	0.01	0.12	1.39	0.37	0.00	0.00	-
Cash Income Taxes Paid	36	23	29	31	36	3.84	0.50	15	6.81	3.52

This table details how cash moves in and out of PJT Partners' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-290	335	-15	-51	-140	239	-35	58	-80	-17	43
Net Cash From Operating Activities	-76	196	180	194	-39	124	150	191	-23	-35	161
Net Cash From Continuing Operating Activities	-76	196	180	194	-39	124	150	191	-23	-35	161
Net Income / (Loss) Continuing Operations	74	91	41	53	53	45	31	41	28	46	39
Consolidated Net Income / (Loss)	74	91	41	53	53	45	31	41	28	46	39
Depreciation Expense	3.21	3.21	2.98	3.11	3.50	3.46	3.55	3.60	3.44	3.32	3.76
Amortization Expense	4.33	4.02	3.94	3.96	3.94	5.10	5.65	6.20	5.67	5.48	4.93
Non-Cash Adjustments To Reconcile Net Income	90	40	47	49	76	44	37	52	49	34	38
Changes in Operating Assets and Liabilities, net	-248	58	86	85	-175	25	73	88	-110	-124	75
Net Cash From Investing Activities	28	252	-138	-166	60	157	-164	-70	43	49	-66
Net Cash From Continuing Investing Activities	28	252	-138	-166	60	157	-164	-70	43	49	-66
Purchase of Property, Plant & Equipment	-1.98	-0.43	-1.92	-0.52	-0.44	-0.50	-0.55	-0.73	-2.15	-0.93	-0.76
Acquisitions	0.00	-	-	-	-	-	-	-	-	-	-
Purchase of Investments	-13	-19	-165	-165	-20	-32	-218	-74	-5.00	-	-90
Sale and/or Maturity of Investments	43	283	29	-	80	189	54	5.00	50	50	24
Net Cash From Financing Activities	-245	-107	-63	-80	-158	-44	-19	-65	-99	-35	-45
Net Cash From Continuing Financing Activities	-245	-107	-63	-80	-158	-44	-19	-65	-99	-35	-45
Repayment of Debt	0.00	-	-	-	0.00	-	-	-	-15	-	-
Repurchase of Common Equity	-127	-50	-23	-56	-106	-11	-1.86	-38	-66	-9.29	-16
Payment of Dividends	-6.26	-5.97	-5.95	-5.98	-6.23	-27	-28	-6.07	-6.23	-6.14	-6.13
Issuance of Debt	0.00	-	-	-	0.00	-	-	-	15	-	-
Other Financing Activities, net	-112	-51	-34	-18	-46	-6.37	11	-21	-27	-20	-22
Effect of Exchange Rate Changes	3.31	-6.60	5.76	1.52	-2.67	3.29	-2.16	1.95	0.12	4.89	-7.45
Cash Interest Paid	0.00	-	-	-	0.00	-	-	0.02	0.00	-	-
Cash Income Taxes Paid	4.69	21	12	0.96	2.22	17	1.63	3.89	0.68	9.72	14

This table presents PJT Partners' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	1,635	1,435	1,051	988	1,172	953	672	559	590	467
Total Current Assets	868	700	541	490	671	445	326	373	380	253
Cash & Equivalents	484	356	173	200	300	216	106	146	152	82
Short-Term Investments	63	81	50	0.00	138	1.54	2.16	37	0.00	-
Accounts Receivable	321	264	318	289	233	228	218	190	228	170
Plant, Property, & Equipment, net	22	26	31	37	39	37	35	34	38	31
Total Noncurrent Assets	746	709	479	461	462	471	311	152	172	183
Goodwill	192	173	173	173	173	173	176	72	72	76
Intangible Assets	13	13	18	24	32	40	49	12	15	24
Noncurrent Deferred & Refundable Income Taxes	85	72	69	64	53	48	59	44	71	69
Other Noncurrent Operating Assets	456	450	219	200	204	210	27	23	14	15
Total Liabilities & Shareholders' Equity	1,635	1,435	1,051	988	1,172	953	672	559	590	467
Total Liabilities	734	574	291	350	484	378	184	137	177	125
Total Current Liabilities	34	22	25	24	26	146	114	114	157	111
Accounts Payable	34	22	25	24	26	25	25	17	17	30
Total Noncurrent Liabilities	700	552	266	326	458	233	70	22	20	15
Capital Lease Obligations	355	331	136	-	172	183	0.00	-	-	-
Noncurrent Deferred Revenue	9.60	10	13	13	9.76	14	24	17	17	13
Noncurrent Deferred & Payable Income Tax Liabilities	29	30	30	31	20	9.29	8.46	-	0.96	0.00
Noncurrent Employee Benefit Liabilities	299	174	84	122	253	-	-	-	-	-
Other Noncurrent Operating Liabilities	7.35	6.57	3.45	161	2.74	4.84	7.04	5.27	1.53	1.67
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	902	861	760	638	688	575	488	422	-8.56	32
Total Preferred & Common Equity	187	245	185	120	154	31	-26	-157	-8.56	32
Total Common Equity	187	245	185	120	154	31	-26	-157	-8.56	32
Common Stock	689	620	503	392	350	291	211	31	9.33	43
Retained Earnings	229	118	61	-4.93	-33	-145	-170	-186	-18	-11
Treasury Stock	-729	-493	-376	-267	-164	-115	-67	-2.30	0.00	-
Accumulated Other Comprehensive Income / (Loss)	-1.66	-0.47	-2.27	0.63	1.41	0.15	-0.63	0.16	0.06	-0.05
Noncontrolling Interest	715	616	574	517	534	543	514	580	0.00	-

This table presents PJT Partners' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,397	1,560	1,418	1,302	1,195	1,087	960	1,067
Total Current Assets	565	821	695	561	679	559	418	576
Cash & Equivalents	194	149	164	216	116	151	94	190
Short-Term Investments	33	328	187	20	239	74	5.00	100
Accounts Receivable	339	344	344	325	324	333	320	286
Plant, Property, & Equipment, net	23	23	23	24	27	29	31	31
Total Noncurrent Assets	809	716	700	717	488	499	511	459
Goodwill	192	173	173	173	173	173	173	173
Intangible Assets	12	9.27	11	12	14	15	17	19
Noncurrent Deferred & Refundable Income Taxes	89	74	75	75	71	71	71	71
Other Noncurrent Operating Assets	516	460	443	458	230	240	251	196
Total Liabilities & Shareholders' Equity	1,397	1,560	1,418	1,302	1,195	1,087	960	1,067
Total Liabilities	572	679	570	474	383	322	222	356
Total Current Liabilities	34	33	26	102	26	25	25	25
Accounts Payable	34	33	26	24	26	25	25	25
Total Noncurrent Liabilities	538	646	544	372	357	297	196	331
Capital Lease Obligations	410	353	326	327	-	-	-	135
Noncurrent Deferred Revenue	17	14	12	8.31	11	11	13	13
Noncurrent Deferred & Payable Income Tax Liabilities	33	31	31	31	32	32	32	32
Noncurrent Employee Benefit Liabilities	73	242	170	-	187	123	17	150
Other Noncurrent Operating Liabilities	5.88	6.62	5.57	5.15	126	130	134	1.09
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	824	881	848	828	812	765	738	710
Total Preferred & Common Equity	149	159	134	175	193	149	159	148
Total Common Equity	149	159	134	175	193	149	159	148
Common Stock	728	654	624	631	578	542	531	477
Retained Earnings	276	183	167	145	99	88	72	43
Treasury Stock	-856	-679	-656	-600	-482	-481	-443	-367
Accumulated Other Comprehensive Income / (Loss)	0.10	1.01	-1.00	-0.99	-2.52	-0.56	-1.50	-3.85
Noncontrolling Interest	675	721	714	654	619	616	579	562

This table displays calculated financial ratios and metrics derived from PJT Partners' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	29.48%	12.45%	3.38%	-5.74%	46.63%	23.68%	16.22%	-0.03%	23.03%	1.21%
EBITDA Growth	39.65%	-9.85%	-6.56%	-10.53%	147.24%	123.36%	182.94%	-36.21%	223.28%	-42.37%
EBIT Growth	52.34%	-11.84%	-8.19%	-11.50%	201.69%	97.99%	312.90%	-30.66%	344.27%	-178.75%
NOPAT Growth	63.69%	-11.59%	-13.26%	-10.58%	233.02%	49.88%	250.24%	-654.54%	222.93%	-192.50%
Net Income Growth	63.69%	-11.59%	-13.26%	-10.58%	233.02%	49.88%	250.24%	-654.54%	182.72%	-237.47%
EPS Growth	57.69%	-11.11%	-12.03%	-9.32%	263.64%	4.31%	167.05%	-917.65%	0.00%	0.00%
Operating Cash Flow Growth	20.25%	81.90%	95.50%	-73.55%	122.21%	71.84%	10.54%	-4.82%	4.16%	127.92%
Free Cash Flow Firm Growth	353.93%	189.56%	-139.78%	-49.99%	498.21%	30.68%	-1,703.12%	-342.52%	-90.57%	110.66%
Invested Capital Growth	-6.02%	12.38%	53.68%	3.40%	-24.71%	37.11%	70.82%	-8.15%	0.85%	-11.91%
Revenue Q/Q Growth	11.06%	4.40%	-3.15%	-0.87%	7.49%	11.37%	-2.55%	3.54%	16.21%	0.00%
EBITDA Q/Q Growth	19.99%	-3.83%	-5.97%	-7.09%	19.14%	48.07%	-12.52%	9.48%	298.68%	0.00%
EBIT Q/Q Growth	23.33%	-4.46%	-6.86%	-8.27%	22.61%	64.51%	-17.80%	20.08%	138.01%	0.00%
NOPAT Q/Q Growth	23.58%	-0.40%	-9.87%	-8.34%	25.64%	66.66%	2,457.57%	-250.94%	119.13%	0.00%
Net Income Q/Q Growth	23.58%	-0.40%	-9.87%	-8.34%	25.64%	66.66%	2,457.57%	-250.94%	113.25%	0.00%
EPS Q/Q Growth	23.62%	-1.27%	-7.87%	-8.06%	26.07%	49.38%	205.45%	-388.33%	67.92%	0.00%
Operating Cash Flow Q/Q Growth	15.67%	56.40%	-9.68%	-59.02%	10.64%	130.45%	-22.36%	22.21%	62.89%	-38.04%
Free Cash Flow Firm Q/Q Growth	364.99%	-74.51%	-156.60%	-11.98%	28.62%	72.19%	-387.65%	74.96%	0.00%	0.00%
Invested Capital Q/Q Growth	-6.27%	65.29%	20.86%	-11.94%	-13.49%	-5.25%	72.65%	-14.31%	12.11%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.88%	30.16%	34.75%	35.48%	35.06%	30.03%	26.85%	21.58%	23.71%	22.35%
EBITDA Margin	20.04%	18.58%	23.18%	25.64%	27.02%	16.02%	8.87%	3.64%	5.71%	2.17%
Operating Margin	18.12%	15.40%	19.65%	22.12%	23.56%	11.45%	7.15%	2.01%	2.90%	-1.46%
EBIT Margin	18.12%	15.40%	19.65%	22.12%	23.56%	11.45%	7.15%	2.01%	2.90%	-1.46%
Profit (Net Income) Margin	15.97%	12.63%	16.07%	19.15%	20.19%	8.89%	7.33%	-5.67%	1.02%	-1.52%
Tax Burden Percent	88.14%	82.02%	81.78%	86.56%	85.67%	77.61%	102.52%	-281.74%	35.23%	104.03%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	11.86%	17.98%	18.22%	13.44%	14.33%	22.39%	-2.52%	381.74%	64.77%	0.00%
Return on Invested Capital (ROIC)	32.57%	20.42%	29.72%	44.18%	43.17%	13.14%	13.11%	-11.31%	1.97%	-1.50%
ROIC Less NNEP Spread (ROIC-NNEP)	32.57%	20.42%	29.72%	44.18%	43.17%	13.14%	13.11%	-11.31%	1.97%	1.82%
Return on Net Nonoperating Assets (RNNOA)	-5.52%	-2.45%	-6.13%	-15.52%	-9.51%	-1.13%	-3.76%	4.54%	-0.61%	-0.33%
Return on Equity (ROE)	27.06%	17.98%	23.59%	28.66%	33.66%	12.01%	9.35%	-6.78%	1.35%	-1.83%
Cash Return on Invested Capital (CROIC)	38.78%	8.77%	-12.60%	40.85%	71.36%	-18.16%	-39.19%	-2.82%	1.12%	11.16%
Operating Return on Assets (OROA)	17.62%	14.29%	19.77%	20.33%	23.34%	10.12%	6.75%	1.75%	2.74%	-1.46%
Return on Assets (ROA)	15.53%	11.72%	16.17%	17.59%	20.00%	7.85%	6.92%	-4.93%	0.97%	-1.52%
Return on Common Equity (ROCE)	6.63%	4.77%	5.15%	5.94%	4.95%	0.06%	-1.89%	1.34%	0.04%	-0.99%
Return on Equity Simple (ROE_SIMPLE)	127.52%	59.54%	89.01%	157.99%	137.71%	203.21%	-160.86%	18.01%	-59.67%	-19.25%
Net Operating Profit after Tax (NOPAT)	238	146	165	190	212	64	43	-28	5.11	-4.16
NOPAT Margin	15.97%	12.63%	16.07%	19.15%	20.19%	8.89%	7.33%	-5.67%	1.02%	-1.02%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-3.32%
Return On Investment Capital (ROIC_SIMPLE)	18.98%	12.22%	18.41%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	69.12%	69.84%	65.25%	64.52%	64.94%	69.97%	73.15%	78.42%	76.29%	77.65%
SG&A Expenses to Revenue	6.03%	7.33%	7.19%	7.18%	6.11%	8.58%	9.27%	9.83%	5.57%	8.63%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.76%	14.76%	15.10%	13.35%	11.49%	18.57%	19.69%	19.57%	20.81%	23.82%
Earnings before Interest and Taxes (EBIT)	271	178	201	219	248	82	42	10	15	-5.94
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	299	214	238	254	284	115	51	18	29	8.82
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	20.00	10.01	9.52	14.55	10.84	30.88	0.00	0.00	0.00	14.43
Price to Tangible Book Value (P/TBV)	0.00	41.51	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.51	2.12	1.72	1.76	1.59	1.35	1.38	1.57	1.02	1.14
Price to Earnings (P/E)	27.83	29.93	19.46	16.48	14.23	32.79	29.39	0.00	0.00	61.11
Dividend Yield	0.63%	0.99%	1.39%	4.44%	0.28%	0.48%	0.56%	0.48%	0.71%	0.00%
Earnings Yield	3.59%	3.34%	5.14%	6.07%	7.03%	3.05%	3.40%	0.00%	0.00%	1.64%
Enterprise Value to Invested Capital (EV/IC)	6.01	3.92	3.35	4.73	4.59	2.67	3.01	4.92	2.99	2.67
Enterprise Value to Revenue (EV/Rev)	2.85	2.57	2.19	2.08	1.84	2.09	2.13	2.36	1.56	1.70
Enterprise Value to EBITDA (EV/EBITDA)	14.25	13.81	9.46	8.12	6.83	13.04	23.98	64.80	27.33	78.16
Enterprise Value to EBIT (EV/EBIT)	15.75	16.66	11.16	9.42	7.83	18.24	29.74	117.28	53.78	0.00
Enterprise Value to NOPAT (EV/NOPAT)	17.88	20.31	13.64	10.88	9.14	23.51	29.01	0.00	152.65	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.03	6.70	9.26	16.64	4.13	7.10	10.04	10.60	6.67	6.15
Enterprise Value to Free Cash Flow (EV/FCFF)	15.01	47.30	0.00	11.77	5.53	0.00	0.00	0.00	268.04	22.36
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.39	0.38	0.18	0.00	0.25	0.36	0.06	0.00	0.00	0.00
Long-Term Debt to Equity	0.39	0.38	0.18	0.00	0.25	0.36	0.06	0.00	0.00	0.00
Financial Leverage	-0.17	-0.12	-0.21	-0.35	-0.22	-0.09	-0.29	-0.40	-0.31	-0.18
Leverage Ratio	1.74	1.53	1.46	1.63	1.68	1.53	1.35	1.38	1.40	1.21
Compound Leverage Factor	1.74	1.53	1.46	1.63	1.68	1.53	1.35	1.38	1.40	1.21
Debt to Total Capital	28.22%	27.74%	15.15%	0.00%	20.03%	26.24%	5.79%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	28.22%	27.74%	15.15%	0.00%	20.03%	26.24%	5.79%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	56.89%	51.73%	64.17%	81.14%	62.04%	69.73%	99.32%	137.23%	102.07%	90.62%
Common Equity to Total Capital	14.89%	20.53%	20.68%	18.86%	17.93%	4.03%	-5.11%	-37.23%	-2.07%	9.38%
Debt to EBITDA	1.18	1.54	0.57	0.00	0.61	1.78	0.58	0.00	0.00	0.00
Net Debt to EBITDA	-0.64	-0.50	-0.37	0.00	-0.93	-0.11	-1.52	0.00	0.00	0.00
Long-Term Debt to EBITDA	1.18	1.54	0.57	0.00	0.61	1.78	0.58	0.00	0.00	0.00
Debt to NOPAT	1.49	2.27	0.82	0.00	0.81	3.20	0.70	0.00	0.00	0.00
Net Debt to NOPAT	-0.81	-0.73	-0.53	0.00	-1.25	-0.20	-1.84	0.00	0.00	0.00
Long-Term Debt to NOPAT	1.49	2.27	0.82	0.00	0.81	3.20	0.70	0.00	0.00	0.00
Altman Z-Score	5.33	4.46	5.91	5.30	4.29	2.74	3.70	4.48	3.07	3.37
Noncontrolling Interest Sharing Ratio	75.51%	73.48%	78.15%	79.29%	85.29%	99.54%	120.19%	119.84%	96.89%	45.96%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	25.80	31.41	21.84	20.62	25.85	3.06	2.85	3.27	2.41	2.28
Quick Ratio	25.80	31.41	21.84	20.62	25.85	3.06	2.85	3.27	2.41	2.27
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	284	63	-70	176	351	-88	-127	-7.06	2.91	31
Operating Cash Flow to CapEx	16,099.15%	11,243.54%	7,068.46%	1,918.43%	5,302.03%	2,397.68%	1,706.08%	10,472.22%	892.81%	328.74%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.97	0.93	1.01	0.92	0.99	0.88	0.94	0.87	0.94	1.00
Accounts Receivable Turnover	5.11	3.97	3.38	3.80	4.57	3.22	2.84	2.39	2.52	2.44
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	62.17	40.75	30.23	26.13	27.73	19.95	16.92	13.88	14.34	22.18
Accounts Payable Turnover	36.91	34.21	27.57	25.76	26.95	20.32	20.44	22.88	16.25	18.35
Days Sales Outstanding (DSO)	71.42	91.99	108.03	96.12	79.90	113.24	128.37	152.77	145.13	149.49
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	9.89	10.67	13.24	14.17	13.54	17.96	17.86	15.95	22.46	19.89
Cash Conversion Cycle (CCC)	61.53	81.32	94.79	81.95	66.35	95.28	110.52	136.82	122.67	129.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	709	755	672	437	423	561	409	240	261	259
Invested Capital Turnover	2.04	1.62	1.85	2.31	2.14	1.48	1.79	1.99	1.92	1.47
Increase / (Decrease) in Invested Capital	-45	83	235	14	-139	152	170	-21	2.20	-35
Enterprise Value (EV)	4,263	2,959	2,248	2,067	1,941	1,499	1,235	1,179	780	690
Market Capitalization	3,740	2,449	1,761	1,750	1,672	969	799	782	510	463
Book Value per Share	$7.89	$10.09	$7.58	$4.95	$6.48	$1.36	($1.19)	($8.46)	($0.48)	$1.79
Tangible Book Value per Share	($0.74)	$2.43	($0.23)	($3.17)	($2.12)	($7.85)	($11.31)	($13.01)	($5.31)	($3.75)
Total Capital	1,256	1,192	895	638	860	779	518	422	413	342
Total Debt	355	331	136	0.00	172	204	30	0.00	0.00	0.00
Total Long-Term Debt	355	331	136	0.00	172	204	30	0.00	0.00	0.00
Net Debt	-192	-106	-88	-200	-265	-13	-78	-183	-152	-83
Capital Expenditures (CapEx)	3.30	3.93	3.43	6.47	8.85	8.81	7.21	1.06	13	34
Debt-free, Cash-free Net Working Capital (DFCFNWC)	287	241	293	266	207	82	103	76	70	59
Debt-free Net Working Capital (DFNWC)	834	678	516	466	645	299	212	259	223	142
Net Working Capital (NWC)	834	678	516	466	645	299	212	259	223	142
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.02
Net Nonoperating Obligations (NNO)	-192	-106	-88	-200	-265	-13	-78	-183	-152	-83
Total Depreciation and Amortization (D&A)	29	37	36	35	36	33	9.97	8.14	14	15
Debt-free, Cash-free Net Working Capital to Revenue	19.23%	20.92%	28.57%	26.77%	19.69%	11.43%	17.83%	15.26%	14.04%	14.49%
Debt-free Net Working Capital to Revenue	55.85%	58.81%	50.36%	46.98%	61.26%	41.73%	36.49%	51.86%	44.56%	34.98%
Net Working Capital to Revenue	55.85%	58.81%	50.36%	46.98%	61.26%	41.73%	36.49%	51.86%	44.56%	34.98%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.28	$3.24	$3.61	$4.25	$4.80	$1.23	$1.23	($1.73)	($0.17)	$0.00
Adjusted Weighted Average Basic Shares Outstanding	25.45M	25.26M	25.08M	24.96M	24.50M	24.01M	21.88M	18.86M	18.52M	17.97M
Adjusted Diluted Earnings per Share	$4.92	$3.12	$3.51	$3.99	$4.40	$1.21	$1.16	($1.73)	($0.17)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	44.11M	41.88M	26.62M	42.36M	43.13M	25.01M	24.25M	18.86M	18.52M	17.97M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	($1.73)	($0.17)	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	23.30M	23.92M	24.10M	23.89M	23.83M	22.85M	22.77M	18.86M	18.29M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	238	146	165	190	212	64	29	7.04	10	-4.16
Normalized NOPAT Margin	15.97%	12.63%	16.07%	19.15%	20.19%	8.89%	5.01%	1.41%	2.03%	-1.02%
Pre Tax Income Margin	18.12%	15.40%	19.65%	22.12%	23.56%	11.45%	7.15%	2.01%	2.90%	-1.46%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	10.12%	46.23%	14.95%	60.96%	2.27%	7.28%	10.15%	-13.40%	72.98%	-75.51%
Augmented Payout Ratio	108.71%	126.36%	81.39%	115.37%	25.18%	82.24%	162.58%	-21.53%	72.98%	-75.51%

This table displays calculated financial ratios and metrics derived from PJT Partners' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.48%	45.27%	17.23%	4.02%	64.71%	17.36%	4.61%	48.53%	-18.81%	-10.63%	15.04%
EBITDA Growth	-1.99%	82.75%	8.83%	11.72%	60.15%	-12.42%	-8.13%	21.28%	-35.97%	-17.99%	-1.09%
EBIT Growth	-2.46%	99.02%	16.06%	18.89%	84.64%	-13.83%	-10.68%	23.99%	-41.79%	-19.84%	-1.31%
NOPAT Growth	38.95%	100.03%	31.84%	29.18%	90.71%	-1.26%	-20.20%	16.65%	-37.06%	-28.15%	-0.37%
Net Income Growth	38.95%	100.03%	31.84%	29.18%	90.71%	-1.26%	-20.20%	16.65%	-37.06%	-28.15%	-0.37%
EPS Growth	63.11%	103.30%	16.18%	23.26%	82.09%	-4.21%	-17.07%	16.22%	-33.00%	-24.00%	0.00%
Operating Cash Flow Growth	-95.83%	58.12%	20.19%	1.55%	-68.69%	449.12%	-6.57%	19.34%	45.57%	-275.28%	-11.32%
Free Cash Flow Firm Growth	94.03%	462.55%	-298.86%	-262.77%	-285.08%	80.04%	738.97%	1,434.43%	354.47%	-478.90%	-164.81%
Invested Capital Growth	9.53%	-6.02%	65.72%	52.52%	43.84%	12.38%	-17.83%	-15.70%	-12.90%	53.68%	11.97%
Revenue Q/Q Growth	-32.00%	46.26%	-9.40%	9.35%	0.26%	18.03%	-19.61%	73.15%	-28.56%	5.21%	14.13%
EBITDA Q/Q Growth	-45.40%	95.52%	-21.20%	16.51%	1.81%	16.43%	-19.11%	67.01%	-44.32%	22.13%	6.79%
EBIT Q/Q Growth	-48.89%	108.31%	-23.31%	19.47%	4.28%	21.48%	-21.44%	85.55%	-51.34%	25.92%	9.05%
NOPAT Q/Q Growth	-18.50%	121.55%	-22.55%	-0.64%	17.32%	46.02%	-24.11%	46.69%	-39.25%	18.00%	10.93%
Net Income Q/Q Growth	-18.50%	121.55%	-22.55%	-0.64%	17.32%	46.02%	-24.11%	46.69%	-39.25%	18.00%	10.93%
EPS Q/Q Growth	7.57%	134.18%	-25.47%	-13.11%	34.07%	33.82%	-20.93%	28.36%	-29.47%	15.85%	10.81%
Operating Cash Flow Q/Q Growth	-138.80%	8.45%	-6.77%	599.12%	-131.33%	-17.56%	-21.23%	929.11%	35.16%	-122.06%	0.62%
Free Cash Flow Firm Q/Q Growth	-109.93%	152.68%	-12.46%	-1.44%	-503.25%	-128.89%	-7.94%	15.34%	165.07%	-824.84%	-321.07%
Invested Capital Q/Q Growth	42.06%	-6.27%	-8.04%	-10.56%	21.89%	65.29%	-15.36%	-15.64%	-4.78%	20.86%	-13.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.86%	31.69%	30.50%	30.50%	30.50%	29.31%	30.50%	28.78%	33.47%	35.62%	32.70%
EBITDA Margin	18.53%	23.07%	17.26%	19.84%	18.62%	18.34%	18.59%	18.47%	19.15%	24.57%	21.17%
Operating Margin	16.20%	21.56%	15.13%	17.88%	16.36%	15.73%	15.29%	15.64%	14.60%	21.43%	17.90%
EBIT Margin	16.20%	21.56%	15.13%	17.88%	16.36%	15.73%	15.29%	15.64%	14.60%	21.43%	17.90%
Profit (Net Income) Margin	22.85%	19.07%	12.59%	14.72%	16.20%	13.85%	11.19%	11.86%	13.99%	16.46%	14.67%
Tax Burden Percent	141.05%	88.45%	83.17%	82.35%	99.01%	88.00%	73.21%	75.79%	95.87%	76.79%	81.95%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	-41.05%	11.55%	16.83%	17.65%	0.99%	12.00%	26.79%	24.22%	4.13%	23.21%	18.05%
Return on Invested Capital (ROIC)	35.29%	38.89%	27.89%	28.02%	26.65%	22.39%	24.42%	21.96%	19.95%	30.44%	29.53%
ROIC Less NNEP Spread (ROIC-NNEP)	35.29%	38.89%	27.89%	28.02%	26.65%	22.39%	24.42%	21.96%	19.95%	30.44%	29.53%
Return on Net Nonoperating Assets (RNNOA)	5.88%	-6.59%	-7.89%	-4.35%	-0.11%	-2.68%	-8.18%	-4.01%	-0.28%	-6.28%	-5.73%
Return on Equity (ROE)	41.16%	32.30%	20.00%	23.67%	26.54%	19.70%	16.24%	17.95%	19.67%	24.16%	23.80%
Cash Return on Invested Capital (CROIC)	17.80%	38.78%	-17.66%	-14.73%	-14.02%	8.77%	48.47%	43.17%	35.37%	-12.60%	23.46%
Operating Return on Assets (OROA)	17.87%	20.97%	14.77%	18.51%	18.56%	14.60%	14.93%	16.53%	14.86%	21.56%	17.68%
Return on Assets (ROA)	25.21%	18.54%	12.29%	15.24%	18.38%	12.85%	10.93%	12.53%	14.25%	16.56%	14.49%
Return on Common Equity (ROCE)	8.06%	7.91%	4.16%	4.15%	5.65%	5.22%	3.64%	3.35%	4.08%	5.28%	4.12%
Return on Equity Simple (ROE_SIMPLE)	174.20%	0.00%	121.28%	136.81%	97.97%	0.00%	75.81%	103.38%	93.11%	0.00%	123.31%
Net Operating Profit after Tax (NOPAT)	74	91	41	53	53	45	31	41	28	46	39
NOPAT Margin	22.85%	19.07%	12.59%	14.72%	16.20%	13.85%	11.19%	11.86%	13.99%	16.46%	14.67%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	6.01%	7.24%	-	-	-	3.82%	-	-	-	5.15%	-
Cost of Revenue to Revenue	68.14%	68.31%	69.50%	69.50%	69.50%	70.69%	69.50%	71.22%	66.53%	64.38%	67.30%
SG&A Expenses to Revenue	6.94%	4.44%	7.93%	5.88%	6.62%	6.60%	7.85%	6.83%	8.66%	6.04%	7.32%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	15.66%	10.14%	15.37%	12.62%	14.14%	13.57%	15.21%	13.14%	18.88%	14.19%	14.80%
Earnings before Interest and Taxes (EBIT)	53	103	49	64	54	52	43	54	29	60	48
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	60	110	56	71	61	60	52	64	38	69	56
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	21.58	20.00	19.94	19.34	12.91	10.01	9.88	11.49	10.82	9.52	10.75
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	41.51	333.89	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.16	2.51	2.36	2.00	1.76	2.12	1.72	1.56	1.76	1.72	1.50
Price to Earnings (P/E)	20.62	27.83	29.38	25.07	23.22	29.93	23.37	20.07	20.92	19.46	15.80
Dividend Yield	0.73%	0.63%	0.75%	0.93%	1.06%	0.99%	1.27%	1.45%	1.40%	1.39%	5.78%
Earnings Yield	4.85%	3.59%	3.40%	3.99%	4.31%	3.34%	4.28%	4.98%	4.78%	5.14%	6.33%
Enterprise Value to Invested Capital (EV/IC)	4.04	6.01	4.98	3.98	3.26	3.92	4.75	3.89	3.44	3.35	3.60
Enterprise Value to Revenue (EV/Rev)	2.74	2.85	2.80	2.53	2.34	2.57	1.96	1.92	2.25	2.19	1.89
Enterprise Value to EBITDA (EV/EBITDA)	13.66	14.25	15.12	13.39	12.64	13.81	9.73	9.23	10.18	9.46	7.92
Enterprise Value to EBIT (EV/EBIT)	15.12	15.75	17.19	15.42	14.83	16.66	11.66	10.99	12.18	11.16	9.25
Enterprise Value to NOPAT (EV/NOPAT)	15.70	17.88	19.54	17.90	17.54	20.31	14.82	13.62	14.83	13.64	10.94
Enterprise Value to Operating Cash Flow (EV/OCF)	8.24	8.03	8.21	7.65	7.05	6.70	7.68	7.17	8.40	9.26	7.45
Enterprise Value to Free Cash Flow (EV/FCFF)	23.73	15.01	0.00	0.00	0.00	47.30	8.83	8.25	9.05	0.00	16.22
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.50	0.39	0.40	0.38	0.40	0.38	0.00	0.00	0.00	0.18	0.19
Long-Term Debt to Equity	0.50	0.39	0.40	0.38	0.40	0.38	0.00	0.00	0.00	0.18	0.19
Financial Leverage	0.17	-0.17	-0.28	-0.16	0.00	-0.12	-0.33	-0.18	-0.01	-0.21	-0.19
Leverage Ratio	1.63	1.74	1.63	1.55	1.44	1.53	1.49	1.43	1.38	1.46	1.64
Compound Leverage Factor	1.63	1.74	1.63	1.55	1.44	1.53	1.49	1.43	1.38	1.46	1.64
Debt to Total Capital	33.23%	28.22%	28.64%	27.77%	28.33%	27.74%	0.00%	0.00%	0.00%	15.15%	15.97%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	33.23%	28.22%	28.64%	27.77%	28.33%	27.74%	0.00%	0.00%	0.00%	15.15%	15.97%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	54.71%	56.89%	58.47%	60.83%	56.56%	51.73%	76.23%	80.51%	78.42%	64.17%	66.50%
Common Equity to Total Capital	12.06%	14.89%	12.90%	11.40%	15.11%	20.53%	23.73%	19.44%	21.53%	20.68%	17.54%
Debt to EBITDA	1.38	1.18	1.42	1.33	1.38	1.54	0.00	0.00	0.00	0.57	0.53
Net Debt to EBITDA	0.62	-0.64	-0.50	-0.10	0.39	-0.50	0.00	0.00	0.00	-0.37	-0.61
Long-Term Debt to EBITDA	1.38	1.18	1.42	1.33	1.38	1.54	0.00	0.00	0.00	0.57	0.53
Debt to NOPAT	1.58	1.49	1.83	1.78	1.91	2.27	0.00	0.00	0.00	0.82	0.74
Net Debt to NOPAT	0.71	-0.81	-0.64	-0.14	0.54	-0.73	0.00	0.00	0.00	-0.53	-0.85
Long-Term Debt to NOPAT	1.58	1.49	1.83	1.78	1.91	2.27	0.00	0.00	0.00	0.82	0.74
Altman Z-Score	5.29	4.99	4.54	4.52	4.56	4.17	4.80	5.06	6.37	5.47	4.50
Noncontrolling Interest Sharing Ratio	80.43%	75.51%	79.22%	82.48%	78.70%	73.48%	77.61%	81.32%	79.28%	78.15%	82.67%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	16.47	25.80	25.13	26.43	5.52	31.41	25.65	22.19	16.47	21.84	23.25
Quick Ratio	16.47	25.80	25.13	26.43	5.52	31.41	25.65	22.19	16.47	21.84	23.25
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-14	136	-259	-230	-227	-38	130	142	123	-189	-20
Operating Cash Flow to CapEx	-3,831.43%	46,050.82%	9,408.71%	37,510.47%	-8,833.49%	24,558.33%	27,348.82%	26,181.87%	-1,071.25%	-3,828.62%	21,257.67%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.10	0.97	0.98	1.04	1.13	0.93	0.98	1.06	1.02	1.01	0.99
Accounts Receivable Turnover	4.49	5.11	4.03	3.83	3.98	3.97	3.62	3.43	2.92	3.38	3.94
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	63.87	62.17	53.17	49.77	46.80	40.75	37.71	34.81	29.61	30.23	30.70
Accounts Payable Turnover	35.38	36.91	31.74	35.18	36.82	34.21	29.40	32.16	27.28	27.57	26.80
Days Sales Outstanding (DSO)	81.37	71.42	90.64	95.27	91.71	91.99	100.88	106.29	125.21	108.03	92.54
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	10.32	9.89	11.50	10.38	9.91	10.67	12.42	11.35	13.38	13.24	13.62
Cash Conversion Cycle (CCC)	71.05	61.53	79.14	84.89	81.79	81.32	88.46	94.94	111.83	94.79	78.92
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,008	709	757	823	920	755	457	540	640	672	556
Invested Capital Turnover	1.54	2.04	2.22	1.90	1.64	1.62	2.18	1.85	1.43	1.85	2.01
Increase / (Decrease) in Invested Capital	88	-45	300	283	280	83	-99	-100	-95	235	59
Enterprise Value (EV)	4,071	4,263	3,770	3,277	3,000	2,959	2,168	2,100	2,200	2,248	2,001
Market Capitalization	3,212	3,740	3,173	2,588	2,254	2,449	1,904	1,709	1,719	1,761	1,593
Book Value per Share	$6.39	$7.89	$6.69	$5.58	$7.30	$10.09	$7.96	$6.00	$6.60	$7.58	$6.12
Tangible Book Value per Share	($2.33)	($0.74)	($0.96)	($2.06)	($0.41)	$2.43	$0.24	($1.59)	($1.26)	($0.23)	($1.80)
Total Capital	1,235	1,256	1,234	1,174	1,156	1,192	812	765	738	895	845
Total Debt	410	355	353	326	327	331	0.00	0.00	0.00	136	135
Total Long-Term Debt	410	355	353	326	327	331	0.00	0.00	0.00	136	135
Net Debt	183	-192	-124	-25	92	-106	-355	-226	-99	-88	-155
Capital Expenditures (CapEx)	1.98	0.43	1.92	0.52	0.44	0.50	0.55	0.73	2.15	0.93	0.76
Debt-free, Cash-free Net Working Capital (DFCFNWC)	304	287	311	317	223	241	298	308	294	293	262
Debt-free Net Working Capital (DFNWC)	531	834	788	668	459	678	653	534	393	516	551
Net Working Capital (NWC)	531	834	788	668	459	678	653	534	393	516	551
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	183	-192	-124	-25	92	-106	-355	-226	-99	-88	-155
Total Depreciation and Amortization (D&A)	7.54	7.23	6.93	7.07	7.44	8.56	9.19	9.80	9.11	8.80	8.68
Debt-free, Cash-free Net Working Capital to Revenue	20.45%	19.23%	23.13%	24.49%	17.42%	20.92%	26.95%	28.19%	30.04%	28.57%	24.71%
Debt-free Net Working Capital to Revenue	35.69%	55.85%	58.61%	51.55%	35.79%	58.81%	59.09%	48.84%	40.11%	50.36%	52.07%
Net Working Capital to Revenue	35.69%	55.85%	58.61%	51.55%	35.79%	58.81%	59.09%	48.84%	40.11%	50.36%	52.07%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.12	$2.02	$0.87	$1.12	$1.27	$0.98	$0.69	$0.88	$0.69	$0.98	$0.84
Adjusted Weighted Average Basic Shares Outstanding	25.52M	25.45M	25.37M	25.38M	25.69M	25.26M	25.19M	25.24M	25.23M	25.08M	24.97M
Adjusted Diluted Earnings per Share	$1.99	$1.85	$0.79	$1.06	$1.22	$0.91	$0.68	$0.86	$0.67	$0.95	$0.82
Adjusted Weighted Average Diluted Shares Outstanding	44.46M	44.11M	44.64M	43.09M	28.17M	41.88M	26.64M	26.33M	26.92M	26.62M	26.52M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	24.43M	23.30M	23.70M	23.79M	23.99M	23.92M	24.24M	24.19M	24.80M	24.10M	24.41M
Normalized Net Operating Profit after Tax (NOPAT)	37	91	41	53	53	45	31	41	28	46	39
Normalized NOPAT Margin	11.34%	19.07%	12.59%	14.72%	16.20%	13.85%	11.19%	11.86%	13.99%	16.46%	14.67%
Pre Tax Income Margin	16.20%	21.56%	15.13%	17.88%	16.36%	15.73%	15.29%	15.64%	14.60%	21.43%	17.90%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	9.32%	10.12%	1.17%	13.30%	14.28%	46.23%	57.99%	40.81%	42.44%	14.95%	50.73%
Augmented Payout Ratio	107.99%	108.71%	102.95%	109.02%	106.05%	126.36%	136.76%	124.90%	122.75%	81.39%	110.31%

Frequently Asked Questions About PJT Partners' Financials

When does PJT Partners's fiscal year end?

According to the most recent income statement we have on file, PJT Partners' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has PJT Partners' net income changed over the last 9 years?

PJT Partners' net income appears to be on an upward trend, with a most recent value of $238.47 million in 2024, falling from -$6.18 million in 2015. The previous period was $145.68 million in 2023. Find out what analysts predict for PJT Partners in the coming months.

What is PJT Partners's operating income?

PJT Partners's total operating income in 2024 was $270.57 million, based on the following breakdown:

Total Gross Profit: $461.11 million
Total Operating Expenses: $190.54 million

How has PJT Partners revenue changed over the last 9 years?

Over the last 9 years, PJT Partners' total revenue changed from $405.94 million in 2015 to $1.49 billion in 2024, a change of 267.8%.

How much debt does PJT Partners have?

PJT Partners' total liabilities were at $733.69 million at the end of 2024, a 27.9% increase from 2023, and a 485.5% increase since 2015.

How much cash does PJT Partners have?

In the past 9 years, PJT Partners' cash and equivalents has ranged from $82.32 million in 2015 to $483.88 million in 2024, and is currently $483.88 million as of their latest financial filing in 2024.

How has PJT Partners' book value per share changed over the last 9 years?

Over the last 9 years, PJT Partners' book value per share changed from 1.79 in 2015 to 7.89 in 2024, a change of 341.9%.

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This page (NYSE:PJT) was last updated on 6/1/2025 by MarketBeat.com Staff

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PJT Partners (PJT) Financials

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