PJT - PJT Partners Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$158.67
DETAILS
HIGH:
$174.00
LOW:
$150.00
MEDIAN:
$152.00
CONSENSUS:
$158.67
UPSIDE:
1.35%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 1,713.7 | 1,493.2 | 1,153.2 | 1,025.5 | 991.9 | 1,052.3 | 717.6 | 580.2 | 499.3 | 499.4 | 405.9 | 401.1 | 397.0 | 354.6 |
| Cost of Revenue | 1,158.0 | 1,032.1 | 805.4 | 669.1 | 640.0 | 683.4 | 502.2 | 424.5 | 391.5 | 381 | 315.2 | 317.5 | 339.8 | 318.3 |
| Gross Profit | 555.7 | 461.1 | 347.8 | 356.4 | 351.9 | 368.9 | 215.5 | 155.8 | 107.8 | 118.4 | 90.7 | 83.6 | 57.2 | 36.4 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 133.5 | 121.5 | 104.8 | 79.3 | 80.0 | 72.0 | 66.7 | 60.3 | 56.9 | 53.6 | 60.1 | 43.5 | 40.8 | 43.9 |
| Other Expenses | 59.3 | 49.8 | 45.2 | 45.9 | 26.6 | 22.4 | 40.2 | 33.3 | 21.8 | 25.5 | 29.0 | 21.2 | 22.5 | 13.6 |
| Operating Expenses | 192.9 | 171.3 | 150.0 | 125.2 | 106.5 | 94.4 | 106.9 | 93.6 | 78.7 | 79.1 | 89.1 | 64.6 | 63.3 | 57.5 |
| Operating Income | ||||||||||||||
| Operating Income | 362.9 | 289.9 | 197.8 | 231.1 | 245.4 | 274.5 | 108.6 | 62.1 | 29.1 | 39.3 | 1.7 | 18.9 | (6.1) | (21.1) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 31.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||
| EBITDA | 394.1 | 318.5 | 234.5 | 267.3 | 280.3 | 310.9 | 141.4 | 72.1 | 37.2 | 53.3 | 16.5 | 26.7 | 2.7 | (10.5) |
| EBIT | 362.9 | 289.9 | 197.8 | 231.1 | 245.4 | 274.5 | 108.6 | 62.1 | 29.1 | 39.3 | 1.7 | 18.9 | (6.1) | (21.1) |
| Income Before Tax | 342.9 | 270.6 | 177.6 | 201.5 | 219.4 | 248.0 | 82.2 | 41.5 | 10.1 | 14.5 | (5.9) | 7.5 | (13.8) | (39.2) |
| Income Tax Expense | 33.2 | 32.1 | 31.9 | 36.7 | 29.5 | 35.5 | 18.4 | (1.0) | 38.4 | 9.4 | 0.2 | 3.0 | 3.4 | 3.4 |
| Net Income | 180.1 | 134.4 | 81.8 | 90.5 | 106.2 | 117.5 | 29.6 | 27.2 | (32.6) | (3.0) | 7.6 | 4.5 | (17.2) | (42.5) |
| Per Share Data | ||||||||||||||
| EPS (Basic) | 7.00 | 5.28 | 5.18 | 3.61 | 6.77 | 7.75 | 1.27 | 1.29 | -1.73 | -0.17 | 0.41 | 0.25 | -0.96 | -2.37 |
| EPS (Diluted) | 6.68 | 4.92 | 4.89 | 3.51 | 3.99 | 4.40 | 1.21 | 1.16 | -1.73 | -0.17 | 0.41 | 0.25 | -0.96 | -2.37 |
| Shares Outstanding | 25.7 | 25.5 | 25.3 | 25.1 | 25.0 | 24.5 | 24.0 | 21.9 | 18.9 | 18.3 | 18.3 | 18.0 | 18.0 | 18.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 538.9 | 483.9 | 355.5 | 173.2 | 200.5 | 299.5 | 215.9 | 106.1 | 145.6 | 152.4 |
| Short-Term Investments | 46.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 404.3 | 320.8 | 263.5 | 317.8 | 289.3 | 233.2 | 227.5 | 217.8 | 112.7 | 154.5 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 990.1 | 804.7 | 619.1 | 491.0 | 489.7 | 532.7 | 443.5 | 323.9 | 258.3 | 306.9 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 752.9 | 335.0 | 325.1 | 149.7 | 175.1 | 189.6 | 203.6 | 34.8 | 33.8 | 38.2 |
| Goodwill | 191.6 | 191.6 | 172.7 | 172.7 | 172.7 | 172.7 | 172.7 | 176.0 | 72.3 | 72.3 |
| Intangible Assets | 7.5 | 13.0 | 13.0 | 17.9 | 24.4 | 32.0 | 39.8 | 49.2 | 12.3 | 14.7 |
| Long-Term Investments | 0 | 62.9 | 81.4 | 50.2 | 0 | 137.9 | 1.5 | 2.2 | 37.1 | 0 |
| Other Non-Current Assets | (130.0) | 142.9 | 151.3 | 99.9 | 61.9 | 53.3 | 43.4 | 26.9 | 101.2 | 87.5 |
| Total Non-Current Assets | 916.9 | 830.7 | 815.9 | 559.7 | 497.9 | 638.9 | 509.3 | 347.9 | 300.7 | 283.6 |
| Total Assets | 1,907.0 | 1,635.3 | 1,435.0 | 1,050.7 | 987.6 | 1,171.6 | 952.8 | 671.8 | 559.0 | 590.5 |
| Current Liabilities | ||||||||||
| Account Payables | 0 | 33.6 | 22.3 | 24.8 | 23.8 | 25.9 | 24.8 | 24.7 | 16.9 | 17.4 |
| Short-Term Debt | 35.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 9.6 | 10.3 | 13.0 | 12.9 | 9.8 | 14.2 | 7.9 | 0.4 | 0.8 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 35.8 | 79.9 | 68.8 | 71.5 | 71.3 | 58.0 | 53.1 | 48.0 | 22.5 | 20.6 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 21.5 | 30 | 0 | 0 |
| Deferred Tax Liabilities | 63.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 409.6 | 299.3 | 174.4 | 83.9 | 121.7 | 253.5 | 106.6 | 98.2 | 113.6 | 577.6 |
| Total Non-Current Liabilities | 862.2 | 653.8 | 505.0 | 219.5 | 278.7 | 425.7 | 325.2 | 136.1 | 114.0 | 578.4 |
| Total Liabilities | 898.0 | 733.7 | 573.8 | 291.1 | 350.1 | 483.8 | 378.3 | 184.1 | 136.5 | 599.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 |
| Retained Earnings | 384.2 | 228.6 | 118.3 | 61.0 | (4.9) | (33.1) | (144.9) | (169.8) | (186.0) | (17.9) |
| Accumulated Other Comprehensive Income | 2.8 | (1.7) | (0.5) | (2.3) | 0.6 | 1.4 | 0.1 | (0.6) | 0.2 | 0.1 |
| Total Stockholders' Equity | 308.2 | 187.0 | 244.7 | 185.1 | 120.2 | 154.3 | 31.4 | (26.5) | (157.3) | (8.6) |
| Total Liabilities & Equity | 1,907.0 | 1,635.3 | 1,435.0 | 1,050.7 | 987.6 | 1,171.6 | 952.8 | 671.8 | 559.0 | 590.5 |
| Debt Metrics | ||||||||||
| Total Debt | 413.9 | 354.5 | 330.6 | 135.6 | 157.0 | 172.3 | 204.4 | 30 | 0 | 0 |
| Net Debt | (124.9) | (129.4) | (24.9) | (37.6) | (43.5) | (127.2) | (11.5) | (76.1) | (145.6) | (152.4) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 180.1 | 238.5 | 145.7 | 164.8 | 190.0 | 212.4 | 63.8 | 42.6 | (28.3) | 5.1 |
| Depreciation & Amortization | 31.2 | 28.7 | 36.7 | 36.2 | 34.9 | 36.4 | 32.8 | 10.0 | 8.1 | 14.0 |
| Stock-Based Compensation | 0 | 209.2 | 178.5 | 165.5 | 108.9 | 120.9 | 111.6 | 118.0 | 115.9 | 89.0 |
| Change in Working Capital | (41.1) | 61.3 | 78.6 | (131.2) | (214.9) | 95.8 | (11.8) | (40.5) | (13.2) | 1.6 |
| Other Non-Cash Items | 356.1 | 1.8 | 4.0 | 5.6 | (1.8) | (3.0) | 3.4 | 0.7 | (2.3) | 4.8 |
| Operating Cash Flow | 526.3 | 531.0 | 441.5 | 242.7 | 124.2 | 469.4 | 211.3 | 122.9 | 111.2 | 116.9 |
| Investing Activities | ||||||||||
| Capital Expenditure | (45.9) | (3.3) | (3.9) | (3.4) | (6.5) | (8.9) | (8.8) | (7.2) | (1.1) | (13.1) |
| Acquisitions | 0 | (10.7) | 0 | 0 | 0 | 0 | 0 | (61.5) | 0 | 0 |
| Purchases of Investments | (182.4) | (370.0) | (328.8) | (143.9) | (97.6) | (278.1) | (11.3) | (22) | (57.2) | 0 |
| Sales/Maturities of Investments | 199.7 | 392.1 | 298.3 | 94.1 | 235.5 | 141.2 | 10.9 | 59.2 | 20.0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 7.5 | 0 | 0 | 0.5 |
| Investing Cash Flow | (28.5) | 8.1 | (34.3) | (53.2) | 131.3 | (145.8) | (1.7) | (31.5) | (38.2) | (12.6) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | (21.5) | (8.5) | 29.9 | (0.1) | (0.1) |
| Stock Repurchased | (195.2) | (235.1) | (116.7) | (109.5) | (103.3) | (48.7) | (47.8) | (64.9) | (2.3) | (0.3) |
| Dividends Paid | (24.5) | (24.1) | (24.4) | (24.6) | (78.0) | (4.8) | (4.6) | (4.3) | (3.8) | (3.7) |
| Other Financing Activities | (234.0) | (149.4) | (86.9) | (75.9) | (172.1) | (169.3) | (40.2) | (91.4) | (73.4) | (28.4) |
| Financing Cash Flow | (453.8) | (408.7) | (228.1) | (210.0) | (353.4) | (244.3) | (101.1) | (130.7) | (79.6) | (32.5) |
| Cash Position | ||||||||||
| Net Change in Cash | 55.0 | 128.3 | 182.3 | (27.2) | (99.0) | 83.6 | 109.8 | (39.5) | (6.8) | 69.3 |
| Cash at Beginning | 483.9 | 355.5 | 173.2 | 200.5 | 299.5 | 215.9 | 106.1 | 145.6 | 152.4 | 83.1 |
| Cash at End | 538.9 | 483.9 | 355.5 | 173.2 | 200.5 | 299.5 | 215.9 | 106.1 | 145.6 | 152.4 |
| Free Cash Flow | 480.4 | 527.7 | 437.6 | 239.3 | 117.7 | 460.6 | 202.4 | 115.7 | 110.2 | 103.8 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 1,713.7 | 1,493.2 | 1,153.2 | 1,025.5 | 991.9 | 1,052.3 | 717.6 | 580.2 | 499.3 | 499.4 | 405.9 | 401.1 | 397.0 | 354.6 |
| Gross Profit | 555.7 | 461.1 | 347.8 | 356.4 | 351.9 | 368.9 | 215.5 | 155.8 | 107.8 | 118.4 | 90.7 | 83.6 | 57.2 | 36.4 |
| Operating Income | 362.9 | 289.9 | 197.8 | 231.1 | 245.4 | 274.5 | 108.6 | 62.1 | 29.1 | 39.3 | 1.7 | 18.9 | (6.1) | (21.1) |
| Net Income | 180.1 | 134.4 | 81.8 | 90.5 | 106.2 | 117.5 | 29.6 | 27.2 | (32.6) | (3.0) | 7.6 | 4.5 | (17.2) | (42.5) |
| EPS (Diluted) | 6.68 | 4.92 | 4.89 | 3.51 | 3.99 | 4.40 | 1.21 | 1.16 | -1.73 | -0.17 | 0.41 | 0.25 | -0.96 | -2.37 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 538.9 | 483.9 | 355.5 | 173.2 | 200.5 | 299.5 | 215.9 | 106.1 | 145.6 | 152.4 | ||||
| Total Assets | 1,907.0 | 1,635.3 | 1,435.0 | 1,050.7 | 987.6 | 1,171.6 | 952.8 | 671.8 | 559.0 | 590.5 | ||||
| Total Debt | 413.9 | 354.5 | 330.6 | 135.6 | 157.0 | 172.3 | 204.4 | 30 | 0 | 0 | ||||
| Stockholders' Equity | 308.2 | 187.0 | 244.7 | 185.1 | 120.2 | 154.3 | 31.4 | (26.5) | (157.3) | (8.6) | ||||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | 526.3 | 531.0 | 441.5 | 242.7 | 124.2 | 469.4 | 211.3 | 122.9 | 111.2 | 116.9 | ||||
| Capital Expenditure | (45.9) | (3.3) | (3.9) | (3.4) | (6.5) | (8.9) | (8.8) | (7.2) | (1.1) | (13.1) | ||||
| Free Cash Flow | 480.4 | 527.7 | 437.6 | 239.3 | 117.7 | 460.6 | 202.4 | 115.7 | 110.2 | 103.8 | ||||