The Filing Desk

Piper Sandler Companies vs PJT Partners

Piper Sandler Companies PIPR · PJT Partners PJT · Investment Banking & Brokerage

Piper Sandler Companies reported revenue of $1.9 billion in fiscal 2025, about the same as PJT Partners' $1.7 billion in fiscal 2025. Piper Sandler Companies' revenue grew 24.3% in its latest year, and PJT Partners' grew 14.8%.

Side by side

Piper Sandler CompaniesPJT Partners
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$1.9B$1.7B
Revenue growth24.3%14.8%
Revenue growth a year, last 5 years8.7%10.2%
Gross margin——
Operating margin——
Net margin14.8%10.5%
Free cash flow—$480M
Free cash flow margin—28.0%
Return on capital34.4%—
Net debt to EBITDA−2.0x—
Dividends and buybacks$239M$220M
Change in diluted share count0.5%—
Last close$64.97$142.90
P/E at the last close16.4×—
Insider trades, last 12 monthssold $12.9 millionsold $3.7 million
Piotroski F-score——
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Piper Sandler CompaniesPJT Partners
Operating margin
Percent of revenue
Piper Sandler CompaniesPJT Partners
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Piper Sandler CompaniesPJT Partners

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Piper Sandler Companies and PJT Partners pages.