PJT Partners (PJT) FY2024 results: revenue $1.5 billion, up 29.5% on the year
PJT Partners Inc. (PJT) reported revenue of $1.5 billion for fiscal 2024, the year ended 31 December 2024, up 29.5% on the year before. Net income was $134 million, up 64.3%, and diluted earnings per share $4.92. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$1.5 billion
+29.5% on the year
FY2017FY2024
Operating margin
18.1%
15.4% a year earlier
FY2017FY2024
Net income
$134 million
+64.3% on the year
FY2017FY2024
Diluted EPS
$4.92
+57.7% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
531
442
243
+20.3%
Capital expenditure
3.3
3.9
3.4
-16.0%
Free cash flow
528
438
239
+20.6%
Free cash flow margin
35.3%
37.9%
23.3%
Cash from investing
8.1
-34.3
-53.2
Cash from financing
-409
-228
-210
Depreciation and amortisation
12.8
14.0
15.5
-8.9%
Share-based compensation
209
179
166
+17.2%
Buybacks
235
117
109
+101.4%
Dividends paid
24.1
24.4
24.6
-1.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
187
245
185
-23.6%
Non-controlling interest
715
616
574
+15.9%
Debt
0.0
0.0
0.0
Other liabilities
734
574
291
+27.9%
Total liabilities and equity
1,635
1,435
1,051
+14.0%
Fixed assets
22.1
25.9
30.7
-14.5%
Goodwill
192
173
173
+10.9%
Intangible assets
13.0
13.0
17.9
+0.6%
Cash and equivalents
484
356
173
+36.1%
Other assets
925
868
656
+6.5%
Total assets
1,635
1,435
1,051
+14.0%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.