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Side-by-side financial comparison of Navios Maritime Partners L.P. (NMM) and PJT Partners Inc. (PJT). Click either name above to swap in a different company.

PJT Partners Inc. is the larger business by last-quarter revenue ($531.4M vs $327.6M, roughly 1.6× Navios Maritime Partners L.P.). Navios Maritime Partners L.P. runs the higher net margin — 21.4% vs 10.0%, a 11.3% gap on every dollar of revenue. On growth, PJT Partners Inc. posted the faster year-over-year revenue change (12.9% vs -4.3%).

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.

NMM vs PJT — Head-to-Head

Bigger by revenue
PJT
PJT
1.6× larger
PJT
$531.4M
$327.6M
NMM
Growing faster (revenue YoY)
PJT
PJT
+17.2% gap
PJT
12.9%
-4.3%
NMM
Higher net margin
NMM
NMM
11.3% more per $
NMM
21.4%
10.0%
PJT

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NMM
NMM
PJT
PJT
Revenue
$327.6M
$531.4M
Net Profit
$69.9M
$53.4M
Gross Margin
90.5%
Operating Margin
23.1%
Net Margin
21.4%
10.0%
Revenue YoY
-4.3%
12.9%
Net Profit YoY
-31.1%
4.0%
EPS (diluted)

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NMM
NMM
PJT
PJT
Q4 25
$531.4M
Q3 25
$442.3M
Q2 25
$327.6M
$401.1M
Q1 25
$321.9M
Q4 24
$470.5M
Q3 24
$320.3M
Q2 24
$342.2M
$358.1M
Q1 24
$327.1M
Net Profit
NMM
NMM
PJT
PJT
Q4 25
$53.4M
Q3 25
$39.8M
Q2 25
$69.9M
$32.9M
Q1 25
$54.0M
Q4 24
$51.3M
Q3 24
$22.1M
Q2 24
$101.5M
$28.3M
Q1 24
$32.6M
Gross Margin
NMM
NMM
PJT
PJT
Q4 25
Q3 25
Q2 25
90.5%
Q1 25
Q4 24
Q3 24
Q2 24
88.3%
Q1 24
Operating Margin
NMM
NMM
PJT
PJT
Q4 25
23.1%
Q3 25
20.6%
Q2 25
19.1%
Q1 25
16.3%
Q4 24
21.9%
Q3 24
15.4%
Q2 24
18.0%
Q1 24
16.5%
Net Margin
NMM
NMM
PJT
PJT
Q4 25
10.0%
Q3 25
9.0%
Q2 25
21.4%
8.2%
Q1 25
16.8%
Q4 24
10.9%
Q3 24
6.9%
Q2 24
29.7%
7.9%
Q1 24
10.0%

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NMM
NMM
PJT
PJT
Cash + ST InvestmentsLiquidity on hand
$377.0M
$538.9M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$308.2M
Total Assets
$5.9B
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NMM
NMM
PJT
PJT
Q4 25
$538.9M
Q3 25
$400.5M
Q2 25
$377.0M
$214.6M
Q1 25
$194.3M
Q4 24
$483.9M
Q3 24
$148.8M
Q2 24
$272.0M
$164.2M
Q1 24
$215.5M
Total Debt
NMM
NMM
PJT
PJT
Q4 25
Q3 25
Q2 25
$2.0B
Q1 25
Q4 24
Q3 24
Q2 24
$1.4B
Q1 24
Stockholders' Equity
NMM
NMM
PJT
PJT
Q4 25
$308.2M
Q3 25
$228.6M
Q2 25
$167.4M
Q1 25
$148.8M
Q4 24
$187.0M
Q3 24
$159.1M
Q2 24
$133.8M
Q1 24
$174.6M
Total Assets
NMM
NMM
PJT
PJT
Q4 25
$1.8B
Q3 25
$1.7B
Q2 25
$5.9B
$1.5B
Q1 25
$1.4B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$5.3B
$1.4B
Q1 24
$1.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NMM
NMM
PJT
PJT
Operating Cash FlowLast quarter
$155.7M
Free Cash FlowOCF − Capex
$138.6M
FCF MarginFCF / Revenue
26.1%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
2.92×
TTM Free Cash FlowTrailing 4 quarters
$480.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NMM
NMM
PJT
PJT
Q4 25
$155.7M
Q3 25
$256.1M
Q2 25
$190.4M
Q1 25
$-75.9M
Q4 24
$195.7M
Q3 24
$180.5M
Q2 24
$193.6M
Q1 24
$-38.8M
Free Cash Flow
NMM
NMM
PJT
PJT
Q4 25
$138.6M
Q3 25
$240.9M
Q2 25
$178.9M
Q1 25
$-77.9M
Q4 24
$195.3M
Q3 24
$178.5M
Q2 24
$193.0M
Q1 24
$-39.2M
FCF Margin
NMM
NMM
PJT
PJT
Q4 25
26.1%
Q3 25
54.5%
Q2 25
44.6%
Q1 25
-24.2%
Q4 24
41.5%
Q3 24
55.7%
Q2 24
53.9%
Q1 24
-12.0%
Capex Intensity
NMM
NMM
PJT
PJT
Q4 25
3.2%
Q3 25
3.4%
Q2 25
2.9%
Q1 25
0.6%
Q4 24
0.1%
Q3 24
0.6%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
NMM
NMM
PJT
PJT
Q4 25
2.92×
Q3 25
6.43×
Q2 25
5.79×
Q1 25
-1.41×
Q4 24
3.81×
Q3 24
8.15×
Q2 24
6.84×
Q1 24
-1.19×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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