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 a stellar third quarter and 9-month performance in 2025, with revenues reaching $447 million and $1.18 billion, respectively. The company's adjusted pretax income surged 86% to $94 million for the third quarter and 34% to $230 million for the 9 months. Adjusted EPS came in at $1.85 for the third quarter, a significant 99% increase, and $4.43 for the 9 months, up 43%. The actual EPS of $1.85 far exceeded estimates of $1.24, underscoring the company's strong momentum.
Publication Date: Nov -16
The strategic advisory business delivered record revenues, driven by a meaningful increase in mandate count from a year ago. Restructuring revenues also reached record levels, fueled by high demand for liability management and restructuring activity. PJT Park Hill's third-quarter revenues were comparable to a year ago, with strength in private capital solutions offsetting lower primary revenues. The company's guidance suggests that restructuring results will meet or exceed last year's record levels, driven by continued penetration of sponsor clients and expansion of its industry footprint.
PJT Partners expects its restructuring business to continue performing well, driven by its strong industry presence and client relationships. The company is cautiously optimistic about its primary fundraising business, which has seen a bounce back in recent quarters. Paul Taubman expects the company's pretax margin to be around 67.5% for the full year, which would be at the high end of its historical range. The company's operating margin is expected to be its best in a decade, excluding the aberrational years of 2020 and 2021.
With a P/E Ratio of 24.11 and P/S Ratio of 2.45, the market appears to be pricing in a certain level of growth and profitability for PJT Partners. The company's ROE of 97.32% and ROIC of 19.88% are remarkably high, indicating strong profitability. Analysts estimate next year's revenue growth at 11.2%, which may be achievable given the company's strong track record and guidance. The EV/EBITDA ratio of 8.92 suggests that the company's valuation is reasonable relative to its earnings.
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Aviva PLC Has $510,000 Stock Holdings in PJT Partners Inc. $PJT
Nov -14
PJT Partners (PJT) Upgraded to Strong Buy: Here's Why
Nov -10
PJT Partners Inc. (PJT) Q3 2025 Earnings Call Transcript
Nov -04
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: 7.6
Growth: 5.8
Quality: 6.1
Yield: 4.0
Momentum: 7.0
Volatility: 8.0
1-Year Total Return ->
Value: 3.8
Growth: 8.2
Quality: 6.5
Yield: 3.0
Momentum: 8.0
Volatility: 7.3
1-Year Total Return ->
Value: 6.3
Growth: 5.1
Quality: 6.6
Yield: 6.0
Momentum: 5.0
Volatility: 5.0
1-Year Total Return ->
Value: 3.3
Growth: 5.8
Quality: 8.2
Yield: 3.0
Momentum: 7.5
Volatility: 5.7
1-Year Total Return ->
Value: 1.8
Growth: 5.4
Quality: 7.9
Yield: 5.0
Momentum: 6.5
Volatility: 6.7
1-Year Total Return ->
Value: 0.8
Growth: 8.7
Quality: 6.4
Yield: 0.0
Momentum: 9.5
Volatility: 5.7
1-Year Total Return ->