Pjt Partners Inc. (PJT) intrinsic value & 10-year financials

Pjt Partners Inc. (PJT) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 14.6% a year to $1.7B, with an average return on invested capital of 49.6%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$137.21
Revenue (FY2025)
$1.7B
Revenue growth (10-yr CAGR)
14.6%
ROIC (10-yr avg)
49.6%
Free cash flow (FY2025)
$480.4M

PJT 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.7B $180.1M — $480.4M — —
FY2024 $1.5B $134.4M — $527.7M — —
FY2023 $1.1B $81.8M — $437.6M — —
FY2022 $1.0B $90.5M — $239.3M — —
FY2021 $986.4M $106.2M — $117.7M — —
FY2020 $1.0B $117.5M — $460.7M — —
FY2019 $716.8M $29.6M — $202.6M — —
FY2018 $575.7M $27.2M — $115.7M — —
FY2017 $499.3M -$32.6M — $110.2M — —
FY2016 $499.4M -$3.0M — $103.8M — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

PJT Partners Inc. is a consistent compounder, expanding top-line revenue at 14.6% annually over the past decade.

PJT Partners Inc. 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.

PJT Partners Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, PJT Partners Inc. is modeled at 14.6% normalized earnings growth with a 5.1% bond-yield adjustment.

PJT stock: frequently asked questions

How fast has Pjt Partners Inc. grown?

Revenue went from $499.4M in fiscal 2016 to $1.7B in fiscal 2025, a compound annual growth rate of 14.6%. Net income was $180.1M in fiscal 2025.

Does Pjt Partners Inc. generate free cash flow?

Pjt Partners Inc. generated $480.4M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 10 of the last 10 reported years.

What is PJT's return on invested capital?

Average ROIC over the last 10 fiscal years was 49.6%, and average return on equity was 38.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this PJT data come from?

From Pjt Partners Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 30, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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