PJT financial statements
The full income statement, balance sheet, and cash-flow statement for PJT Partners Inc. (PJT), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 1.70B+14.9% | 1.48B+28.8% | 1.15B+11.7% | 1.03B+4.1% | 986M-5.6% | |
| Amortization of intangibles | 5.58M+8.9% | 5.13M+4.2% | 4.92M-24.4% | 6.51M-14.9% | 7.64M-1.7% | |
| Provision for credit losses | -797K-121.5% | 3.71M-24.1% | 4.89M+73.6% | 2.82M-1.8% | 2.87M+126.6% | |
| Pre-tax income | 343M+26.7% | 271M+52.3% | 178M-11.8% | 201M-8.2% | 219M-11.5% | |
| Income tax | 33.2M+3.4% | 32.1M+0.5% | 31.9M-13.0% | 36.7M+24.4% | 29.5M-17.0% | |
| 180M+34.0% | 134M+64.3% | 81.8M-9.6% | 90.5M-14.7% | 106M-9.7% | ||
| Net income to non-controlling interest | 130M+24.5% | 104M+62.9% | 63.9M-13.9% | 74.2M-11.4% | 83.8M-11.7% | |
| Dividends per share | $1.01-1.0% | $1.02+0.8% | $1.01+0.4% | $1.01-68.6% | $3.21+1484.6% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 539M+11.4% | 484M+36.1% | 356M+105.2% | 173M-13.6% | 200M-33.1% | |
| 1.84B+12.7% | 1.64B+14.0% | 1.43B+36.6% | 1.05B+6.4% | 988M-15.7% | ||
| Property, plant & equipment | 61.0M+175.7% | 22.1M-14.5% | 25.9M-15.6% | 30.7M-17.4% | 37.1M-4.2% | |
| Operating lease right-of-use | 339M+8.3% | 313M+4.6% | 299M+151.4% | 119M-13.7% | 138M-8.6% | |
| Goodwill | 192M+0.0% | 192M+10.9% | 173M+0.0% | 173M+0.0% | 173M+0.0% | |
| Intangible assets | 7.45M-42.8% | 13.0M+0.6% | 13.0M-27.5% | 17.9M-26.7% | 24.4M-23.9% | |
| Deferred tax assets | 95.0M+11.5% | 85.2M+17.6% | 72.5M+4.8% | 69.2M+8.5% | 63.8M+19.6% | |
| 834M+13.7% | 734M+27.9% | 574M+97.1% | 291M-16.8% | 350M-27.6% | ||
| Operating lease liability (total) | 414M+16.8% | 355M+7.2% | 331M+143.8% | 136M-13.6% | 157M-8.9% | |
| 308M+64.8% | 187M-23.6% | 245M+32.2% | 185M+54.0% | 120M-22.1% | ||
| Additional paid-in capital | 845M+22.7% | 689M+11.1% | 620M+23.3% | 503M+28.5% | 391M+12.0% | |
| Retained earnings | 384M+68.1% | 229M+93.2% | 118M+94.1% | 61.0M+1335.9% | -4.93M+85.1% | |
| Treasury stock | 924M+26.8% | 729M+47.8% | 493M+31.0% | 376M+41.0% | 267M+63.1% | |
| Accumulated other comprehensive income | 2.83M+270.1% | -1.66M-255.7% | -467K+79.5% | -2.27M-460.4% | 631K-55.4% | |
| Non-controlling interest | 701M-1.9% | 715M+15.9% | 616M+7.3% | 574M+11.0% | 517M-3.0% | |
| Total equity incl. non-controlling | 1.01B+11.9% | 902M+4.7% | 861M+13.4% | 760M+19.1% | 638M-7.3% | |
| Total liabilities & equity | 1.84B+12.7% | 1.64B+14.0% | 1.43B+36.6% | 1.05B+6.4% | 988M-15.7% | |
| Common shares outstanding | 24.3M+2.6% | 23.7M-2.1% | 24.2M-1.2% | 24.5M+0.7% | 24.3M+2.1% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 526M-0.9% | 531M+20.3% | 442M+81.9% | 243M+95.5% | 124M-73.6% | ||
| Depreciation & amortization | 13.3M+4.3% | 12.8M-8.9% | 14.0M-9.2% | 15.5M-1.7% | 15.8M+4.6% | |
| Intangible amortization | 5.58M+8.9% | 5.13M+4.2% | 4.92M-24.4% | 6.51M-14.9% | 7.64M-1.7% | |
| Share-based compensation | 234M+12.0% | 209M+17.2% | 179M+7.9% | 166M+52.0% | 109M-9.9% | |
| Deferred income taxes | -3.15M+63.0% | -8.52M-341.9% | -1.93M-208.1% | 1.78M-74.9% | 7.10M+2.7% | |
| Change in receivables | 75.9M+35.6% | 55.9M+207.7% | -51.9M-259.7% | 32.5M-46.8% | 61.0M+1134.8% | |
| -28.5M-454.1% | 8.06M+123.5% | -34.3M+35.5% | -53.2M-140.5% | 131M+190.1% | ||
| Capital expenditure | 45.9M+1290.6% | 3.30M-16.0% | 3.93M+14.4% | 3.43M-46.9% | 6.47M-26.9% | |
| Free cash flow | 480M-8.9% | 528M+20.6% | 438M+82.9% | 239M+103.3% | 118M-74.4% | |
| Acquisitions | 0.00-100.0% | 10.7M | 0.00 | 0.00 | 0.00 | |
| Purchases of investments | 182M-50.7% | 370M+12.5% | 329M+128.4% | 144M+47.4% | 97.6M-64.9% | |
| Sales/maturities of investments | 200M-49.1% | 392M+31.4% | 298M+217.0% | 94.1M-60.0% | 235M+66.8% | |
| -454M-11.0% | -409M-79.2% | -228M-8.6% | -210M+40.6% | -353M-44.7% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 195M-17.0% | 235M+101.4% | 117M+6.6% | 109M+5.9% | 103M+112.3% | |
| Dividends paid | 24.5M+1.6% | 24.1M-1.2% | 24.4M-0.8% | 24.6M-68.4% | 78.0M+1518.1% | |
| Net change in cash | 55.0M-57.2% | 128M-29.6% | 182M+769.1% | -27.2M+72.5% | -99.0M-218.5% | |
| Interest paid | 0.00 | 0.00-100.0% | 20.0K-85.0% | 133K+1230.0% | 10.0K-91.4% | |
| Income taxes paid | 44.4M+23.1% | 36.1M+54.9% | 23.3M-18.5% | 28.6M-7.6% | 30.9M-14.5% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 4.07B+8.7% | 3.74B+51.4% | 2.47B+37.1% | 1.80B-0.1% | 1.80B+4.5% | |
| P/E | 22.6×-18.9% | 27.8×-8.2% | 30.3×+69.8% | 17.9×+5.2% | 17.0×+15.7% | |
| P/S | 2.4×-5.4% | 2.5×+12.8% | 2.2×+32.4% | 1.7×-7.2% | 1.8×+10.7% | |
| P/B | 13.2×-34.0% | 20.0×+56.2% | 12.8×+5.4% | 12.1×-19.0% | 15.0×+34.1% | |
| P/FCF | 8.5×+19.4% | 7.1×-20.3% | 8.9×+30.5% | 6.8×-55.5% | 15.3×+309.0% | |
| Earnings yield | 4.4%+23.2% | 3.6%+9.0% | 3.3%-41.1% | 5.6%-4.9% | 5.9%-13.6% | |
| FCF yield | 11.8%-16.3% | 14.1%+25.4% | 11.3%-23.4% | 14.7%+124.9% | 6.5%-75.5% | |
| Dividend yield | 0.60%-6.6% | 0.65%-34.9% | 0.99%-27.4% | 1.4%-68.4% | 4.3%+1448.4% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: PJT’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PJT filings on SEC EDGAR → Not investment advice.
