Who are PJT Partners's main competitors?

Named competitors: Moelis & Co (MC), Lazard (LAZ), Evercore (EVR), Houlihan Lokey (HLI). The cockpit's measured peer set (industry) also includes Western Securities (002673.SZ), Lazard (LAZ), Southwest Securities (600369.SS), XTB Spolka Akcyjna (XTB.WA), J-Yuan Trust (600816.SS), Kiwoom (039490.KS).

Is PJT Partners expensive compared with its peers?

On forward p/e it trades at 18.0× against a peer median of 16.7×, 7th most expensive of 16 in its peer set.

How has PJT Partners stock performed?

Over six months to 6 Nov 2026 the shares returned -3.9% against -14.6% for the median peer; over one year -11.2%.

← CockpitCompetitor Analysis › PJT PJT Partners, Inc. Class AOpen in the cockpit ↗

PJT Partners, Inc. Class APJTCompetitor analysis, valuation and peers

United States · USD·Financials›Investment Banks/Brokers

Independent advisory firm specializing in M&A advisory, restructuring and shareholder activism defense, spun off from Blackstone.

Momentum neutral 47

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$3.80B

US dollars, full cap

Free float

97%

of shares outstanding

$/day

$63.2M

20-day average traded

Fwd P/E

18.0×

forward earnings

ROIC−WACC

n/a

WACC 8.9%

Hurdle

n/a

no reverse DCF

Next earnings

95 days

9 Feb 2027

Close · USD$148.61

1D-3.2%

1W-0.7%

1M+9.4%

3M-12.2%

6M-3.9%

YTD-11.1%

1Y-11.2%

ATR %4.3%

Beta0.95

52w lowhigh24.0% off high

What PJT Partners does

Independent advisory firm specializing in M&A advisory, restructuring and shareholder activism defense, spun off from Blackstone.

Earns success fees paid when deals close, plus retainers, so revenue is lumpy and follows deal and restructuring volume; restructuring fees tend to rise when M&A slows, which cushions the cycle. Park Hill, its unit that raises capital for private-fund managers, is a second line. Floated out of Blackstone in 2015.

Products and services

M&A advisory
Restructuring advisory
Shareholder advisory/activism defense

Customers

Corporations
Creditors/debtors in restructurings
Boards facing activist investors

Where it sits in the supply chain

Financial services
Independent M&A/restructuring advisory
Corporate and institutional clients

What could go right

Restructuring cycle upturns
M&A activity growth

What could go wrong

Deal volume cyclicality
Key-person/banker retention risk

Moat: narrow (brand, customer qualification). Restructuring/activism-defense reputation and senior banker relationships attract high-profile mandates.

Headquarters: New York, New York, United States · Founded: 2015 · Employees: 1,224

Named competitors

PJT Partners at a glance

Size PJT Partners (PJT) is a United States Financials company (Investment Banks/Brokers) with a market value of $3.80B, the 1378th largest of 3,117 United States companies the cockpit tracks. Shares closed at $148.61 on 6 Nov 2026.

Performance Over six months the shares fell 3.9%, against -14.6% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.

Growth Revenue grew 10.2% over the last twelve months (peer median +9.2%); the operating margin is 20.5% (peer median 32.1%).

Valuation It trades at 18.0× forward earnings against a peer median of 16.7× (7th most expensive of 16).

Short interest Short interest is 7.8% of the free float (15 Oct 2026).

Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: PJT Partners against the median of its 20 peers (local-currency closes).

PJT Partners financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	$1.82B	$1.71B	$1.49B	$1.15B	$1.03B
Revenue growth	—	+15%	+29%	+12%	—
EBITDA	$405M	$374M	$299M	$214M	$238M
Net income	$192M	$180M	$134M	$81.8M	$90.5M
Free cash flow	n/a	$480M	$528M	$438M	$239M
Capital expenditure	n/a	$45.9M	$3.30M	$3.93M	$3.43M
Total debt	n/a	$414M	$355M	$331M	$136M

Quarterly statements and history in the cockpit →

PJT Partners competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. PJT Partners is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. PJT Partners is the large dot.

PJT Partners competitors and peer comparison

Head to head with its named competitors (PJT vs MC vs LAZ vs EVR)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
PJT Partners PJT	$3.80B	-4%	+10%	21%	18.0×	n/a
Moelis & MC	$4.62B	-13%	+14%	18%	16.9×	n/a
Lazard LAZ	$3.74B	-20%	+9%	11%	16.7×	n/a
Evercore EVR	$10.9B	-17%	+37%	22%	14.2×	n/a
Houlihan Lokey HLI	$10.1B	-5%	0%	20%	18.0×	n/a

How PJT Partners compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

PJT Partners against its 20 peers (data as of 6 Nov 2026)
Measure	PJT	Peer median	Rank in peer set
1-month return	+9.4%	-0.3%	3rd highest of 21
6-month return	-3.9%	-14.6%	3rd highest of 21
Distance from 52-week high	-24.0%	-29.1%	4th highest of 21
Revenue growth (TTM)	+10.2%	+9.2%	10th highest of 21
Operating margin	20.5%	32.1%	6th lowest of 21
Forward P/E	18.0×	16.7×	7th most expensive of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
PJT Partners PJT	United States	$3.80B	-4%	+10%	21%	18.0×	n/a	n/a
Western Securities 002673.SZ	China	$3.83B	-14%	-2%	29%	n/a	n/a	n/a
Lazard LAZ	United States	$3.74B	-20%	+9%	11%	16.7×	n/a	n/a
Southwest Securities 600369.SS	China	$3.90B	-8%	-13%	27%	20.6×	n/a	n/a
XTB Spolka Akcyjna XTB.WA	Poland	$3.98B	+22%	+63%	48%	9.6×	n/a	n/a
J-Yuan Trust 600816.SS	China	$3.50B	-18%	+139%	13%	n/a	n/a	n/a
Kiwoom 039490.KS	South Korea	$3.48B	-53%	+100%	41%	2.9×	n/a	n/a
Pacific Securities 601099.SS	China	$3.47B	-8%	-11%	14%	n/a	n/a	n/a
Miami International MIAX	United States	$3.45B	-34%	+14%	12%	18.8×	n/a	n/a
IG Group Holdings plc IGG.L	United Kingdom	$4.23B	-38%	+16%	40%	8.7×	n/a	n/a
Nanjing Securities 601990.SS	China	$4.30B	-11%	-9%	37%	24.1×	n/a	n/a
BOC International (China) 601696.SS	China	$4.37B	-16%	+6%	35%	24.7×	n/a	n/a
Angel One ANGELONE.NS	India	$3.20B	+3%	+21%	28%	23.1×	n/a	n/a
Guoyuan Securities 000728.SZ	China	$4.53B	-6%	-23%	34%	10.3×	n/a	n/a
China Great Wall Securities 002939.SZ	China	$4.53B	-16%	-5%	35%	n/a	n/a	n/a
Minmetals Capital 600390.SS	China	$3.15B	-11%	-62%	60%	51.9×	n/a	n/a
Sinolink Securities 600109.SS	China	$4.60B	-7%	+10%	30%	11.8×	n/a	n/a
Moelis & MC	United States	$4.62B	-13%	+14%	18%	16.9×	n/a	n/a
Plus500 PLUS.L	United Kingdom	$3.12B	-26%	+3%	41%	10.4×	n/a	n/a
Piper Sandler Companies PIPR	United States	$4.65B	-19%	+20%	21%	14.6×	n/a	n/a
Tata Investment TATAINVEST.NS	India	$3.06B	-22%	+18%	89%	n/a	n/a	n/a

Questions

Who are PJT Partners's main competitors?: Named competitors: Moelis & Co (MC), Lazard (LAZ), Evercore (EVR), Houlihan Lokey (HLI). The cockpit's measured peer set (industry) also includes Western Securities (002673.SZ), Lazard (LAZ), Southwest Securities (600369.SS), XTB Spolka Akcyjna (XTB.WA), J-Yuan Trust (600816.SS), Kiwoom (039490.KS).
Is PJT Partners expensive compared with its peers?: On forward p/e it trades at 18.0× against a peer median of 16.7×, 7th most expensive of 16 in its peer set.
How has PJT Partners stock performed?: Over six months to 6 Nov 2026 the shares returned -3.9% against -14.6% for the median peer; over one year -11.2%.