PJT Partners Inc. — Earnings Quality Grade D
PJT · Financial Services
Significant concerns
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 86 days, change +8 days YoY
AR growth 26.0% exceeds revenue growth 14.8%
Revenue grew 14.8% but CFFO declined -0.9%
Expense Quality
No material inventory
CapEx growth 1290.6% is >2x revenue growth 14.8%
SG&A/Gross Profit = 24.0%, excellent (<30%)
Gross margin 32.4%, change +1.5pp. Stable
Cash Flow Quality
CFFO/NI = 2.92. Profits backed by cash
FCF $0.5B, FCF/NI = 2.67
Accruals ratio = -18.8%. Low accruals
Cash $0.5B covers debt $0.4B
Balance Sheet Health
Goodwill+Intangibles $0.2B = 65% of equity. Over 50%
Debt/EBITDA = 1.1x. Healthy
Other assets 11.4% vs revenue 14.8%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -3% YoY. Normal
Manipulation Score
M-Score = -3.14 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score — Not Applicable
PJT Partners Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25