GICS Sector : Financial Services
PJT Partners Inc., an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory 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 advises private and public company boards and management teams on strategies for building productive investor relationships with a focus on shareholder engagement; and strategic investor relations; environmental, social, and governance matters; and other investor-related matters.
PJT Partners reported record revenues, adjusted pretax income, and adjusted EPS for 2025. Total revenues were $1.714 billion, up 15% year over year, driven by strong performance across all businesses, with strategic advisory revenues reaching record highs. Adjusted pretax income was $357 million, and adjusted if-converted earnings were $6.98 per share for the full year, up from $5.20 in 2024. For the fourth quarter, adjusted pretax income was $127 million, and adjusted if-converted earnings were $2.55 per share, beating estimates of $2.41. The adjusted pretax margin was 20.8% for the full year and 23.7% for the fourth quarter, indicating effective cost management.
Publication Date: Feb -09
The company's restructuring business had its best quarter ever, driven by elevated demand due to companies dealing with overleveraged balance sheets and changing market conditions. PJT Park Hill delivered its strongest quarter ever, driven by growth in private capital solutions. The company remains confident in its growth prospects, citing a constructive M&A environment and a strong pipeline of pre-announced transactions. The company is seeing a broadening out of M&A activity beyond mega-cap deals, positioning it well for future growth.
PJT Partners expects its total non-compensation expense in 2026 to grow at a similar rate to 2025. The tax rate is estimated to be in the high teens percentage for 2026. The company is optimistic about its Private Client Solutions opportunity, particularly in the secondary side of the market, where it expects to gain share due to its unique capabilities. Analysts estimate next year's revenue growth at 10.0%, indicating a continued upward trajectory.
With a Price-to-Book (P/B) Ratio of 18.33, the stock appears to be priced at a premium, reflecting the company's strong growth prospects and profitability. The Free Cash Flow Yield of 13.6% suggests that the company generates significant cash, which it can use to invest in its business or return to shareholders through share repurchases, as seen in the record $384 million spent on share repurchases in 2025.
Aberdeen Group plc Decreases Stake in PJT Partners Inc. $PJT
Feb -19
PJT Partners Inc. (NYSE:PJT) Receives $179.50 Average Price Target from Brokerages
Feb -08
PJT Partners Inc. (PJT) Q4 2025 Earnings Call Transcript
Feb -03
PJT Partners (PJT) Q4 Earnings Surpass Estimates
Feb -03
PJT Partners Inc. Reports Record Full Year and Fourth Quarter 2025 Results
Feb -03
PJT Partners Inc. to Report Full Year and Fourth Quarter 2025 Financial Results and Host a Conference Call on February 3, 2026
Jan -27
3 Financial Sector Dividend Stocks Ready to Dominate in a Lower Rate Environment
Jan -09
PJT Partners: Restructuring Stable, Blockbuster Growth From Growing Strategic Platform
Jan -06
PJT Partners Inc.'s 6.5% growth in Advisory Fees is driven by increasing demand for strategic advisory services, expansion into new markets, and a strong track record of delivering successful transactions. Additionally, the company's diversified revenue streams, including restructuring and special situations, contribute to its growth momentum.
PJT Partners Inc.'s 5.8% growth in Placement Fees is driven by increasing demand for strategic advisory services, expansion into new markets, and a strong pipeline of transactions. Additionally, the company's expertise in restructuring and recapitalization, as well as its ability to advise on complex deals, have contributed to its growth.
PJT Partners Inc.'s 5.2% growth in Interest Income and Others is driven by increasing advisory fees from strategic transactions, expansion of debt and equity capital markets, and growth in asset management fees. Additionally, the company's strategic partnerships and investments in technology have enhanced its capabilities, contributing to the growth.
PJT Partners provides strategic advisory services to clients on mergers, acquisitions, divestitures, and other strategic transactions.
PJT Partners advises clients on restructuring, recapitalization, and other special situations, helping them navigate complex financial challenges.
PJT Partners provides strategic advisory services to clients on equity-related transactions, including IPOs, follow-on offerings, and equity-linked transactions.
PJT Partners advises clients on debt-related transactions, including debt financing, refinancing, and restructuring.
PJT Partners advises clients on private capital transactions, including private equity, venture capital, and other alternative investments.
PJT Partners advises clients on cross-border transactions, including international M&A, joint ventures, and strategic partnerships.
The threat of substitutes for PJT Partners Inc. is medium due to the presence of alternative investment banks and financial institutions that offer similar services.
The bargaining power of customers for PJT Partners Inc. is low due to the company's strong brand reputation and expertise in the investment banking industry.
The bargaining power of suppliers for PJT Partners Inc. is medium due to the company's dependence on a few key suppliers for its operations.
The threat of new entrants for PJT Partners Inc. is high due to the relatively low barriers to entry in the investment banking industry.
The intensity of rivalry for PJT Partners Inc. is high due to the highly competitive nature of the investment banking industry.
| Value | |
|---|---|
| Debt Weight | 59.52% |
| Debt Cost | 3.95% |
| Equity Weight | 40.48% |
| Equity Cost | 7.25% |
| WACC | 5.29% |
| Leverage | 147.03% |
Value: 4.9
Growth: 5.6
Quality: 7.2
Yield: 4.0
Momentum: 7.0
Volatility: 8.0
1-Year Total Return ->
Value: 4.3
Growth: 8.1
Quality: 6.9
Yield: 3.0
Momentum: 6.0
Volatility: 7.7
1-Year Total Return ->
Value: 4.1
Growth: 5.4
Quality: 6.6
Yield: 5.0
Momentum: 5.5
Volatility: 6.7
1-Year Total Return ->
Value: 3.0
Growth: 5.8
Quality: 8.0
Yield: 3.0
Momentum: 6.0
Volatility: 6.0
1-Year Total Return ->
Value: 1.4
Growth: 8.7
Quality: 6.2
Yield: 0.0
Momentum: 9.0
Volatility: 5.7
1-Year Total Return ->
Value: 6.0
Growth: 5.1
Quality: 6.3
Yield: 6.0
Momentum: 2.5
Volatility: 5.0
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