Stocks · Financial Services · Investment - Banking & Investment Services
PJT Partners Inc. PJT
$137.95 -0.53% Close, Oct 5, 2026 · NYSE · Market cap $3.55B
High qualityWeak trend
Next earnings report: Nov 3, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The diluted share count fell 34.1% in a year, mainly through buybacks.
- Earnings beat analyst estimates in each of the last 13 quarters (average surprise over the last four: +20.6%).
- Revenue over the last four quarters was $1.89B, up 22.9% from a year earlier.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 20%
- EPS growth (TTM, YoY)Bottom 30%
- FCF growth (TTM, YoY)Top 35%
- Revenue growth, 3-year CAGRTop 36%
- Revenue growth accelerationTop 33%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 5%
- Gross marginBottom 49%
- Operating marginBottom 49%
- Cash conversion (OCF / net income)Top 5%
- Accruals (lower is better)Top 4%
- Net debt / EBITDA (lower is better)Top 39%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 38%
- Free-cash-flow yieldTop 15%
- EBITDA / enterprise valueTop 22%
- Sales / enterprise valueTop 27%
- P/E vs own 5-year history (lower is better)Top 48%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 43%
- 6-month returnBottom 20%
- 1-year return vs S&P 500Bottom 14%
- Distance from 52-week highBottom 16%
- Trend checklist (0–4)Bottom 27%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 13%
- Consecutive EPS beatsTop 5%
- Share of analysts rating BuyTop 42%
- Upside to consensus price targetTop 18%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 23%
- Maximum drawdown, 3 yearsBottom 40%
- Beta vs S&P 500 (lower is better)Bottom 17%
- Net debt / EBITDA (lower is better)Top 39%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 21.4% | 22.9% | ↑ |
| EPS growth (YoY) | -3.0% | 2.2% | ↑ |
| Gross margin | 31.5% | 64.6% | ↑ |
| Operating margin | 19.9% | 21.5% | ↑ |
| FCF margin | 30.9% | 35.1% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 22.9% | 21.4% | ↑ | Top 20% |
| EPS growth (TTM, YoY) | 2.2% | -3.0% | ↑ | Bottom 30% |
| Gross margin | 64.6% | 31.5% | ↑ | Bottom 49% |
| Operating margin | 21.5% | 19.9% | ↑ | Bottom 49% |
| Net margin | 10.6% | 10.4% | ↑ | — |
| Free-cash-flow margin | 35.1% | 30.9% | ↑ | — |
| Return on invested capital | 21.2% | — | Top 5% | |
| Revenue growth, 3-year CAGR | 18.7% | — | Top 36% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 3.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -29.2%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 10.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -13.0 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 0.43×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.71%
- Net buyback yield (TTM)
- -2.00%
- Shareholder yield
- -1.29%
- Share count change, 1 year
- -34.1%
- Share count change, 3-year CAGR
- +2.8%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 30, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 13
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +20.6%
- Average 2-day reaction, last 8
- -0.1%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $184.00
- Target vs current price
- +33.4%
- Analysts with a rating
- 13
- Share rating Buy or Strong Buy
- 54%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 28, 2026 | +25.5% | +2.6% | +1.0% | +4.5% | — |
| Apr 28, 2026 | +2.0% | -1.7% | -2.6% | -2.0% | +5.4% |
| Feb 3, 2026 | +5.8% | -7.7% | -6.8% | -15.1% | -12.6% |
| Nov 4, 2025 | +49.2% | +0.6% | +3.0% | +1.9% | +6.5% |
| Jul 29, 2025 | +13.2% | -2.7% | -0.4% | -2.5% | -3.1% |
| Apr 29, 2025 | +11.7% | +4.5% | +5.3% | +12.2% | +37.4% |
| Feb 4, 2025 | +59.7% | +5.1% | +5.9% | -10.4% | -14.3% |
| Oct 29, 2024 | +25.7% | -1.7% | -1.0% | +18.3% | +14.8% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 28, 2026 | $1.97 | $1.57 | +25.5% | $486.3M |
| Apr 28, 2026 | $1.54 | $1.51 | +2.0% | $418.2M |
| Feb 3, 2026 | $2.55 | $2.41 | +5.8% | $535.2M |
| Nov 4, 2025 | $1.85 | $1.24 | +49.2% | $447.1M |
| Jul 29, 2025 | $1.54 | $1.36 | +13.2% | $406.9M |
| Apr 29, 2025 | $1.05 | $0.94 | +11.7% | $324.5M |
| Feb 4, 2025 | $1.90 | $1.19 | +59.7% | $477.3M |
| Oct 29, 2024 | $0.93 | $0.74 | +25.7% | $326.3M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 23.2× | 22.1× | 52th | Bottom 38% |
| P/E (forward) | 17.3× | — | — | — |
| EV / EBITDA | 8.7× | — | — | Top 22% |
| EV / Sales | 1.98× | — | — | Top 27% |
| Free-cash-flow yield | 18.67% | — | — | Top 15% |
| Earnings yield | 4.31% | — | — | Bottom 38% |
P/E over the past five years
Range 9.9× – 36.6× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -22.2%
- Earnings per share growth (TTM)
- +2.2%
- Change in P/E multiple
- -8.2%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -1.9%
- 200-day average slope (20 days)
- -1.0%
- Distance from 50-day average
- -16.9%
- Distance from 200-day average
- -13.6%
- RSI (14)
- 21.9
- Relative volume
- 0.87×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 32.8%
- Volatility vs own 5-year history
- 69th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.10
- Correlation with S&P 500
- 0.53
- Current drawdown from 1-year high
- -27.9%
- Maximum drawdown, 3 years
- -32.6%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Oct 25, 2021 | Mar 8, 2022 | -38.1% | 92 days | 436 days (Nov 30, 2023) |
| Jan 22, 2026 | Mar 12, 2026 | -32.6% | 34 days | Not yet recovered |
| Feb 19, 2025 | Apr 8, 2025 | -29.4% | 34 days | 63 days (Jul 10, 2025) |
| Jan 14, 2021 | Mar 4, 2021 | -18.2% | 33 days | 150 days (Oct 6, 2021) |
| Sep 18, 2025 | Nov 17, 2025 | -15.6% | 42 days | 43 days (Jan 21, 2026) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $3.55B
- P/E (TTM)
- 23.2
- EPS, diluted (TTM)
- $5.95
- Revenue (TTM)
- $1.89B
- Dividend yield
- 0.72%
- 52-week range
- $127.73 – $195.62
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $991.9M | $1.03B | $1.15B | $1.49B | $1.71B |
| Gross profit | $351.9M | $356.4M | $347.8M | $461.1M | $555.7M |
| Operating income | $245.4M | $231.1M | $197.8M | $289.9M | $362.9M |
| Net income | $106.2M | $90.5M | $81.8M | $134.4M | $180.1M |
| EPS (diluted) | $3.99 | $3.51 | $4.89 | $4.92 | $6.68 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $326.3M | $477.3M | $324.5M | $406.9M | $447.1M | $535.2M | $418.2M | $486.3M |
| Net income | $22.1M | $51.3M | $54.0M | $32.9M | $39.8M | $53.4M | $60.5M | $45.8M |
| EPS (diluted) | $0.79 | $1.83 | $1.99 | $1.21 | $1.47 | -$0.52 | $3.34 | $1.66 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $124.2M | $242.7M | $441.5M | $531.0M | $526.3M |
| Capital expenditure | -$6.5M | -$3.4M | -$3.9M | -$3.3M | -$45.9M |
| Free cash flow | $117.7M | $239.3M | $437.6M | $527.7M | $480.4M |
| Dividends paid | -$78.0M | -$24.6M | -$24.4M | -$24.1M | -$24.5M |
| Net share buybacks | -$103.3M | -$109.5M | -$116.7M | -$235.1M | -$195.2M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $235.5M
- Total assets
- $1.76B
- Total liabilities
- $772.6M
- Total debt
- $419.4M
- Net debt
- $183.8M
- Shareholders’ equity
- $312.1M
As of Jun 30, 2026 (filed Jul 30, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 2, 2026 | $0.25 | Sep 16, 2026 |
| Jun 3, 2026 | $0.25 | Jun 17, 2026 |
| Mar 4, 2026 | $0.25 | Mar 18, 2026 |
| Dec 3, 2025 | $0.25 | Dec 17, 2025 |
| Sep 3, 2025 | $0.25 | Sep 17, 2025 |
| Jun 4, 2025 | $0.25 | Jun 18, 2025 |
| Mar 5, 2025 | $0.25 | Mar 19, 2025 |
| Dec 4, 2024 | $0.25 | Dec 18, 2024 |
Short interest
- Shares sold short
- 1,995,068
- Days to cover
- 5.27
- Change vs previous report
- +8.1%
FINRA short interest, settlement date Sep 15, 2026.