PJT Partners Inc.
PJT · Investment Advice · 24.8M shares · EDGAR filings ↗
Net buyback after stock comp: -$62M (gross $117M, SBC $179M)
Reference price $152.38 · est. market cap ~$3.8B — last insider sale, 2026-05-06 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B78PJT Partners — advisory boutique with a leading restructuring franchise.
Strengths
- ROE 58.4% (91st pct), ROA (67th); revenue +15%, net income +34%
- Counter-cyclical restructuring practice; strong cash (64th)
Risks
- Deal-cycle cyclicality
- Compensation-cost leverage
Notable findings
- BankruptcyRestructuring and Special Situations Our Restructuring and Special Situations business is one of the world’s leading global advisors in liability management, restructurings and special situations, i 8-K ↗
- Strong balance sheetStrong balance sheet — $539M cash & investments
- Revenue declineRevenue -21.9% YoY
- Insider sellingInsider selling — 3 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$2M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Net margin
10.5%
Return on equity
58.4%
Return on assets
9.8%
Revenue growth (QoQ)
-21.9%
Net-income growth
34.0%
Free cash flow
$480M
Tangible book value
$109M
Cash & investments
$539M
Stock comp / revenue
13.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-01 | Costos James | Option exercise | 1.9K | — |
| 2026-06-01 | Whitney Kenneth C | Option exercise | 1.3K | — |
| 2026-06-01 | Skaugen Grace Reksten | Option exercise | 1.3K | — |
| 2026-06-01 | RYAN THOMAS M | Option exercise | 2.6K | — |
| 2026-06-01 | Rafferty Emily K | Option exercise | 1.5K | — |
| 2026-05-06 | Travin David Adam | Sell | 2.7K | $152.38 |
| 2026-05-06 | Travin David Adam | Sell | 252 | $152.92 |
| 2026-05-01 | Meates Helen T | Sell | 8.0K | $153.19 |
| 2026-03-02 | Meates Helen T | Option exercise | 9.6K | — |
| 2026-03-02 | Travin David Adam | Option exercise | 5.1K | — |
| 2026-03-02 | Cornwell Kievdi Don | Option exercise | 10K | — |
| 2026-03-02 | Cornwell Kievdi Don | Option exercise | 8.8K | — |
| 2026-03-02 | Lee Ji-Yeun | Option exercise | 13K | — |
| 2025-11-28 | Cornwell Kievdi Don | Gift | 1.0K | — |
| 2025-11-14 | Meates Helen T | Gift | 3.0K | — |
| 2025-08-07 | Skaugen Grace Reksten | Sell | 1.5K | $176.89 |
| 2025-07-31 | Travin David Adam | Sell | 2.3K | $178.06 |
| 2025-07-28 | Skaugen Grace Reksten | Option exercise | 1.5K | — |
| 2025-06-02 | Costos James | Option exercise | 1.7K | — |
| 2025-06-02 | RYAN THOMAS M | Option exercise | 3.5K | — |
| 2025-06-02 | Whitney Kenneth C | Option exercise | 1.7K | — |
| 2025-06-02 | Rafferty Emily K | Option exercise | 1.7K | — |
| 2025-05-30 | Cornwell Kievdi Don | Sell | 1.0K | $150.98 |
| 2025-05-30 | Cornwell Kievdi Don | Sell | 2.1K | $149.53 |
| 2025-05-30 | Cornwell Kievdi Don | Sell | 7.4K | $150.41 |
| 2025-05-29 | Cornwell Kievdi Don | Sell | 9.6K | $151.08 |
| 2025-05-02 | Travin David Adam | Sell | 5.0K | $141.74 |
| 2025-03-03 | Lee Ji-Yeun | Option exercise | 15K | — |
| 2025-03-03 | Cornwell Kievdi Don | Option exercise | 10K | — |
| 2025-03-03 | Cornwell Kievdi Don | Option exercise | 8.8K | — |
| 2025-03-03 | Meates Helen T | Option exercise | 12K | — |
| 2025-03-03 | Travin David Adam | Option exercise | 7.3K | — |
| 2025-02-06 | Cornwell Kievdi Don | Option exercise | 338 | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-18 | 2026-06-18 | 0001193125-26-275959 ↗ |
| 10-Q | 2026-04-30 | 2026-03-31 | 0001193125-26-197485 ↗ |
| 8-K | 2026-04-28 | 2026-04-28 | 0001193125-26-183466 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001193125-26-076969 ↗ |
| 8-K | 2026-02-03 | 2026-02-03 | 0001193125-26-034409 ↗ |
| 8-K | 2025-11-26 | 2025-11-26 | 0001193125-25-300641 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001193125-25-269723 ↗ |
| 8-K | 2025-11-04 | 2025-11-04 | 0001193125-25-263505 ↗ |
| 8-K | 2025-07-31 | 2025-07-30 | 0000950170-25-100935 ↗ |
| 10-Q | 2025-07-31 | 2025-06-30 | 0000950170-25-100937 ↗ |
| 8-K | 2025-07-29 | 2025-07-29 | 0000950170-25-099374 ↗ |
| 8-K | 2025-06-18 | 2025-06-18 | 0000950170-25-087920 ↗ |