What is the 13F Pro Quality Score for PJT?

13F Pro ranks PJT Partners Inc. (PJT) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View PJT's current score at https://13fpro.ai/research/PJT (free sign-up required for the full ranking).

Where does 13F Pro source PJT data?

All PJT Partners Inc. fundamentals and ownership data come directly from SEC EDGAR. PJT Partners Inc. files with the SEC under CIK 1626115. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is PJT in?

PJT Partners Inc. (PJT) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives PJT's revenue?

Per PJT Partners Inc.'s latest 10-Q filed with the SEC on 2026-04-30, the biggest revenue drivers are: Strategic advisory and restructuring services (Not separately disclosed, Primary growth driver); United States revenues ($356.9M, +34% YoY); United Kingdom revenues ($37.1M, -15% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/PJT.

What are PJT's largest expenses?

PJT Partners Inc.'s latest 10-Q reports these as the largest expense items: Compensation and Benefits ($280.3M, +27% YoY); Occupancy and Related ($15.6M, +12% YoY); Travel and Related ($13.5M, +21% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is PJT research updated on 13F Pro?

PJT's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

PJT Partners Inc.(PJT)Stock Analysis

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13F Pro Quality Score

73.7/100

Rank #186 of 2,879 stocksTOP 10%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

78.1/100

Profitability

78.4/100

Balance Sheet

86.7/100

Earnings Quality

82.3/100

Free Cash Flow

82.5/100

Institutional Flow

69.6/100

Revenue Scale

58.6/100

Dilution Risk

13.3/100

PJT Stock Analysis & AI Quality Score

AI stock analysis and institutional research for PJT Partners Inc. (PJT), a Financials sector company. 13F Pro's AI-powered ranking engine scores PJT at 73.7/100 on a 32-signal composite quality model, placing it at rank #186 of 2,879 stocks — the top 10% of the AI-ranked universe. PJT scores in the top quartile across balance sheet strength (86.7), free cash flow (82.5), earnings quality (82.3). Shareholder dilution risk is elevated at 13.3/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), PJT Partners Inc. reports quarterly revenue of $418.2M, net income of $60.5M, an operating margin of 19.2%. Top institutional holders of PJT by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. PJT trades on the NYSE exchange and files with the SEC under CIK 1626115. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PJT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for PJT Partners Inc. directly from SEC EDGAR. PJT Partners Inc.'s 13F Pro composite quality score has ranged between 8 and 74 since 2021, currently 73.7 — a stable long-term trajectory across 56 quarterly and live scoring snapshots.

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Fun facts about PJT Partners Inc.

Quirks, history, and lore behind PJT — the kind of stuff that makes a stock memorable.

1
The Basics
A U.S. financial services firm · small-cap · listed on the NYSE · headquartered in New York City.
2
The Numbers
Annual revenues in the range of a few hundred million dollars, with a lean headcount — this is a pure advisory shop, not a balance-sheet lender.
3
The History
Spun out of Blackstone Group in 2015, it was carved off as a standalone public company when Blackstone decided its advisory business deserved its own stage.
4
The Secret
It focuses almost entirely on restructuring advisory and strategic M&A — meaning it thrives when companies are either merging or going broke.
5
The Lore
The firm is named after its founder Paul J. Taubman, a former Morgan Stanley dealmaker who built a boutique that punches well above its weight in high-stakes restructurings.
6
The Giveaway
Three initials, one founder: Paul J. Taubman put his own name on the door when he spun out of Blackstone and took the company public in 2015.

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What's Driving PJT's Business? Latest 10-Q Breakdown

AI-extracted from PJT Partners Inc.'s 10-Q filed 2026-04-30 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

PJT Partners posted Q1 2026 revenues of $418.2M, up 29% YoY, driven by strategic advisory, private capital solutions, and restructuring work amid elevated M&A and distress activity.

Biggest Revenue Drivers

Total revenue: $418.2M+29% YoY

Strategic advisory and restructuring servicesNot separately disclosedPrimary growth driver

Increases in strategic advisory, private capital solutions, and restructuring revenues drove overall revenue growth

United States revenues$356.9M+34% YoY

U.S. office revenue increased from $266.8M in Q1 2025

United Kingdom revenues$37.1M-15% YoY

U.K. office revenue decreased from $43.4M in Q1 2025

Largest Expense Items

Compensation and Benefits$280.3M+27% YoY

Increase driven by higher revenues and workforce composition changes, partially offset by lower accrual rate

Occupancy and Related$15.6M+12% YoY

Increased due to expansion of global office footprint

Travel and Related$13.5M+21% YoY

Increased due to higher business-related activity and elevated travel costs

Professional Fees$9.1M+23% YoY

Increased principally due to higher senior advisor and legal expenses

Margins: Operating margin improved significantly; operating income (pre-tax) rose 53% YoY to $80.4M from $52.6M despite 24% expense growth, reflecting strong revenue leverage. The company benefited from operating leverage as revenues grew faster than total expense growth.

Watch Items from the Filing

M&A transaction count declined to 11-year low in Q1 2026 despite 27% increase in announced volumes, indicating deal concentration risk and revenue volatility.
Fund placement activity remains challenging with limited partners becoming more discerning, though private capital solutions and liability management continue to drive activity.
Tax receivable agreement obligations increased to $34.6M from $30.3M; actual payments may differ significantly from estimated amounts due.
Non-controlling interests represent 35.3% of PJT Partners Holdings LP as of March 31, 2026; significant ongoing partnership unit exchanges occurred ($136M in Q1 2026 vs. $57.3M in Q1 2025).

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q1 2026

$418.2M

Net Income

Q1 2026

$60.5M

Free Cash Flow

Q1 2026

$56.0M

Operating Margin

Q1 2026

19.2%

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+12.5% YoY

$1.15BFY 2023

FY20 $1.05BFY21 $991.9MFY22 $1.03BFY23 $1.15B

Net Income

-9.6% YoY

$81.8MFY 2023

FY20 $117.5MFY21 $106.2MFY22 $90.5MFY23 $81.8M

Total Assets

+36.6% YoY

$1.43BFY 2023

FY20 $1.17BFY21 $987.6MFY22 $1.05BFY23 $1.43B

Op. Cash Flow

+81.9% YoY

$441.5MFY 2023

FY20 $469.4MFY21 $124.2MFY22 $242.7MFY23 $441.5M

Metric	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Revenue	$1.15B +12.5%	$1.03B +3.4%	$991.9M -5.7%	$1.05B +46.6%	$717.6M +23.7%	$580.2M
Net Income	$81.8M -9.6%	$90.5M -14.7%	$106.2M -9.7%	$117.5M +297.6%	$29.6M +8.8%	$27.2M
Total Assets	$1.43B +36.6%	$1.05B +6.4%	$987.6M -15.7%	$1.17B +23.0%	$952.8M +41.8%	$671.8M
Operating Cash Flow	$441.5M +81.9%	$242.7M +95.5%	$124.2M -73.6%	$469.4M +122.2%	$211.3M +71.8%	$122.9M

AI Insight: PJT Financial Trends

Revenue growth accelerating to $418M in Q1 2026, but operating cash flow deteriorating sharply despite strong net income.

• Revenue expanded 16% YoY from $360M (Q2 2024) to $418M (Q1 2026), with Q4 2025 peak at $535M.

• Net income surged 118% from $28M (Q2 2024) to $61M (Q1 2026), demonstrating improved profitability.

• Operating cash flow declined 67% from $194M (Q2 2024) to $64M (Q1 2026), despite higher earnings.

⚠ Operating cash flow negative $76M in Q1 2025; recent quarters ($64M in Q1 2026) remain well below prior-year levels.

⚠ Equity jumped 104% from $134M (Q2 2024) to $273M (Q1 2026); debt profile opaque but leverage warrants monitoring.

AI Insight: PJT Ratio Trends

Operating margin expanded to 19.2% in Q1 2026, capping a volatile 18-month recovery from Q3 2024's 15.1% trough.

• Operating margin improved 460bp from Q3 2024 low (15.1%) to Q1 2026 (19.2%), with Q4 2025 peak at 23.0%.

• Net profit margin surged to 14.5% in Q1 2026, highest since Q1 2025's 16.6%, signaling strong near-term profitability.

• ROE and ROA both elevated in Q1 2026 at 88.7% and 15.5%, though ROE down from Q1 2025's 145.2% peak.

⚠ Q4 2025 represented OpMargin peak (23.0%); Q1 2026 decline to 19.2% suggests seasonal reversion or one-off headwind.

⚠ ROIC and D/E data unavailable across all periods; leverage and capital efficiency trends opaque.

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Available Research

13F Pro tracks comprehensive data for PJT Partners Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of PJT

BlackRock, Inc.
$516.0M3,693,126 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$177.1M1,267,368 sh
VANGUARD CAPITAL MANAGEMENT LLC
$146.4M1,048,086 sh
STATE STREET CORP
$135.0M966,150 sh
WASATCH ADVISORS LP
$115.2M824,537 sh
GEODE CAPITAL MANAGEMENT, LLC
$105.0M751,035 sh
FMR LLC
$98.3M703,326 sh
MORGAN STANLEY
$88.2M631,303 sh
CONGRESS ASSET MANAGEMENT CO /MA
$84.4M604,352 sh
RAYMOND JAMES FINANCIAL INC
$58.6M423,018 sh

Fund	Value	Shares
BlackRock, Inc.	$516.0M	3,693,126
VANGUARD PORTFOLIO MANAGEMENT LLC	$177.1M	1,267,368
VANGUARD CAPITAL MANAGEMENT LLC	$146.4M	1,048,086
STATE STREET CORP	$135.0M	966,150
WASATCH ADVISORS LP	$115.2M	824,537
GEODE CAPITAL MANAGEMENT, LLC	$105.0M	751,035
FMR LLC	$98.3M	703,326
MORGAN STANLEY	$88.2M	631,303
CONGRESS ASSET MANAGEMENT CO /MA	$84.4M	604,352
RAYMOND JAMES FINANCIAL INC	$58.6M	423,018

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Is PJT a good stock to buy?

13F Pro's AI-powered analysis of PJT Partners Inc. (PJT) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for PJT are available on the PJT stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own PJT?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling PJT. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of PJT Partners Inc.'s investment landscape.