PJT Partners, Inc. (PJT)
NYSEFinancialsInvestment - Banking & Investment ServicesSnapshot 2026-09-04
$182.73-1.66%
Close 2026-09-04 · 1-day change
NYSEFinancialsInvestment - Banking & Investment ServicesSnapshot 2026-09-04
QuarterlyIQ Insights · PJT
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within financials on a research-validated quality screen. As of 2026-09-04.
The screen ranks PJT against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 3 of the last 3 quarter-over-quarter moves. Historically, Financials names rated strong grew net income 67% of the time over the next year (vs 56% for the rest of the cohort, n=7680).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Met or beat guidance 100% of the last 1 guided quarters · 0.0% avg surprise
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue investing in scaling and strengthening the firm's businesses to drive future growth prospects.
Stated as a priority in 4 of last 4 quarters. Revenues grew from $406.9M in 2025-Q2 to $486.3M in 2026-Q2 (20% increase), and Adjusted Pretax Income rose from $129.1M to $189.5M over the same period (39% increase). Management's repeated emphasis on long-term investments aligns with this strong growth trajectory, indicating delivery on this priority.
“We have been steadfast in our commitment to value-enhancing, long-term investments that scale and strengthen our businesses.”
“We remain well positioned to thrive... given our unique capabilities... and the growth opportunities before us.”
“This strong performance reflects our sustained investment in building the best advisory-focused firm.”
“We continue to invest for the long term as we build a firm grounded in excellence, integrity, and an unwavering commitment to client service.”
Sustain high-touch, independent advisory services to support client relationships and business growth.
Stated in 3 of last 4 quarters. Management consistently highlights confidence in growth prospects and client service excellence. While no direct financial metric quantifies client service, the sustained revenue growth and record results support ongoing delivery of this commitment.
“We remain highly confident in our future growth prospects.”
Continue repurchasing shares under an $800 million authorization to return capital to shareholders.
Stated in 3 of last 4 quarters. The company repurchased 2.1 million shares through 2026-Q2 and 1.6 million shares through 2026-Q1 under an $800 million authorization. This consistent repurchase activity demonstrates ongoing delivery on capital allocation via share repurchases.
“Repurchased 2.1 million shares and share equivalents through June 30, 2026.”
Control compensation and non-compensation expenses to support profitability despite revenue growth.
Stated in 3 of last 4 quarters. Compensation and Benefits Expense rose from $498M in 2025-H1 to $606M in 2026-H1, and total expenses increased from $602M to $722M over the same period, driven by revenue growth and investments. Management acknowledges expense increases but emphasizes discipline; the trajectory shows expense growth aligned with revenue growth, indicating controlled expense management.
Manage leadership change in finance with Arun Kalra succeeding Helen Meates as CFO by year-end 2026.
Newly stated in 2026-Q3 (announcement date). The company disclosed the CFO transition with Arun Kalra succeeding Helen Meates effective October 1, 2026, with a planned transition period through year-end. No financial impact yet observable; the priority is in early execution phase.
Over the trailing year it converted 0.43x of net income into operating cash flow. Historically, Financials names rated fragile grew net income 52% of the time over the next year (vs 61% for the rest of the cohort, n=6844).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
2 material management or governance events in the past 24 months, led by executive changes. Historically, Financials names rated stable grew net income 56% of the time over the next year (vs 57% for the rest of the cohort, n=2725).
Not investment advice. As of 2026-09-04.
“We remain well positioned to thrive across a broad range of market environments given our unique capabilities.”
“We continue to invest for the long term as we build a firm grounded in excellence, integrity, and an unwavering commitment to client service.”
“Repurchased 1.6 million shares and share equivalents deploying a record $244 million to repurchases through March 31, 2026.”
“Repurchased 2.4 million shares and share equivalents through December 31, 2025.”
“Increases in Compensation and Benefits Expense driven by higher revenues, partially offset by a lower accrual rate.”
“Increase in Compensation and Benefits Expense driven by higher revenues compared with prior year, partially offset by a lower accrual rate.”
“Increase in Compensation and Benefits Expense driven by higher revenues compared with prior year, partially offset by a lower accrual rate.”