PJT Partners Inc

PJT

Equity

ISIN null / Valor 29695825

New York Stock Exchange, Inc (2025-11-21)

USD 167.41+2.58%

PJT Partners Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

PJT Partners Inc. is a global advisory-focused investment bank that provides strategic and financial advice to a diverse range of clients, including corporations, financial sponsors, institutional investors, and governments. The firm is renowned for its expertise in strategic advisory, restructuring and special situations, and private fund advisory and placement services. With a strong presence in key financial hubs such as New York, London, and San Francisco, PJT Partners offers specialized services across various sectors, including life sciences, renewable energy, sports, gaming, media, and entertainment. The company is particularly noted for its capabilities in mergers and acquisitions (M&A), capital markets transactions, and restructuring advisory, helping clients navigate complex financial landscapes and achieve their strategic objectives.

Summarized from source with an LLMView SourceSector: Finance

Record Revenues

For the full year 2024, PJT Partners Inc. achieved total revenues of $1.49 billion, marking a 29% increase from 2023. In the fourth quarter of 2024, revenues reached $477 million, reflecting a 45% year-over-year growth, driven by significant increases in advisory and placement fees.

Significant Increase in Pretax Income

GAAP pretax income for the full year 2024 was $271 million, up 52% from 2023, while adjusted pretax income rose by 54% to $278 million. In the fourth quarter, GAAP pretax income surged by 99% to $103 million, and adjusted pretax income increased by 102% to $107 million compared to the same quarter last year.

Strong Earnings Per Share Growth

PJT Partners Inc. reported GAAP diluted EPS of $4.92 for the full year 2024, an increase of 58% from 2023, and adjusted EPS of $5.02, up 54%. In the fourth quarter, GAAP diluted EPS rose by 110% to $1.83, and adjusted EPS grew by 98% to $1.90, demonstrating robust profitability enhancements.

Expanded Workforce and Robust Capital Management

As of December 31, 2024, PJT Partners Inc. expanded its workforce by 13%, reaching a total headcount of 1,143 employees. The company also executed significant share repurchases, totaling 3.1 million shares and share equivalents during the year. With $547 million in cash, cash equivalents, and short-term investments and no funded debt, PJT Partners Inc. maintains a strong balance sheet to support its growth initiatives.

Summarized from source with an LLMView Source

Key figures

4.10%1Y

119%3Y

147%5Y

Performance

32.0%1Y

30.0%3Y

30.1%5Y

Volatility