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Side-by-side financial comparison of PJT Partners Inc. (PJT) and RH (RH). Click either name above to swap in a different company.
RH is the larger business by last-quarter revenue ($883.8M vs $531.4M, roughly 1.7× PJT Partners Inc.). PJT Partners Inc. runs the higher net margin — 10.0% vs 4.1%, a 5.9% gap on every dollar of revenue. On growth, PJT Partners Inc. posted the faster year-over-year revenue change (12.9% vs 8.9%). PJT Partners Inc. produced more free cash flow last quarter ($138.6M vs $83.0M). Over the past eight quarters, PJT Partners Inc.'s revenue compounded faster (27.5% CAGR vs 9.4%).
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.
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
PJT vs RH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $531.4M | $883.8M |
| Net Profit | $53.4M | $36.3M |
| Gross Margin | — | 44.1% |
| Operating Margin | 23.1% | 12.0% |
| Net Margin | 10.0% | 4.1% |
| Revenue YoY | 12.9% | 8.9% |
| Net Profit YoY | 4.0% | 9.3% |
| EPS (diluted) | — | $1.83 |
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.
| Q4 25 | $531.4M | $883.8M | ||
| Q3 25 | $442.3M | $899.2M | ||
| Q2 25 | $401.1M | $814.0M | ||
| Q1 25 | $321.9M | $812.4M | ||
| Q4 24 | $470.5M | $811.7M | ||
| Q3 24 | $320.3M | $829.7M | ||
| Q2 24 | $358.1M | $727.0M | ||
| Q1 24 | $327.1M | $738.3M |
| Q4 25 | $53.4M | $36.3M | ||
| Q3 25 | $39.8M | $51.7M | ||
| Q2 25 | $32.9M | $8.0M | ||
| Q1 25 | $54.0M | $13.9M | ||
| Q4 24 | $51.3M | $33.2M | ||
| Q3 24 | $22.1M | $29.0M | ||
| Q2 24 | $28.3M | $-3.6M | ||
| Q1 24 | $32.6M | $11.4M |
| Q4 25 | — | 44.1% | ||
| Q3 25 | — | 45.5% | ||
| Q2 25 | — | 43.7% | ||
| Q1 25 | — | 44.7% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.5% | ||
| Q1 24 | — | 43.5% |
| Q4 25 | 23.1% | 12.0% | ||
| Q3 25 | 20.6% | 14.3% | ||
| Q2 25 | 19.1% | 6.9% | ||
| Q1 25 | 16.3% | 8.7% | ||
| Q4 24 | 21.9% | 12.5% | ||
| Q3 24 | 15.4% | 11.6% | ||
| Q2 24 | 18.0% | 7.5% | ||
| Q1 24 | 16.5% | 8.7% |
| Q4 25 | 10.0% | 4.1% | ||
| Q3 25 | 9.0% | 5.8% | ||
| Q2 25 | 8.2% | 1.0% | ||
| Q1 25 | 16.8% | 1.7% | ||
| Q4 24 | 10.9% | 4.1% | ||
| Q3 24 | 6.9% | 3.5% | ||
| Q2 24 | 7.9% | -0.5% | ||
| Q1 24 | 10.0% | 1.5% |
| Q4 25 | — | $1.83 | ||
| Q3 25 | — | $2.62 | ||
| Q2 25 | — | $0.40 | ||
| Q1 25 | — | $0.71 | ||
| Q4 24 | — | $1.66 | ||
| Q3 24 | — | $1.45 | ||
| Q2 24 | — | $-0.20 | ||
| Q1 24 | — | $0.91 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $538.9M | $43.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $308.2M | $3.3M |
| Total Assets | $1.8B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $538.9M | $43.1M | ||
| Q3 25 | $400.5M | $34.6M | ||
| Q2 25 | $214.6M | $46.1M | ||
| Q1 25 | $194.3M | $30.4M | ||
| Q4 24 | $483.9M | $87.0M | ||
| Q3 24 | $148.8M | $78.3M | ||
| Q2 24 | $164.2M | $101.8M | ||
| Q1 24 | $215.5M | $123.7M |
| Q4 25 | $308.2M | $3.3M | ||
| Q3 25 | $228.6M | $-40.9M | ||
| Q2 25 | $167.4M | $-110.8M | ||
| Q1 25 | $148.8M | $-163.6M | ||
| Q4 24 | $187.0M | $-183.0M | ||
| Q3 24 | $159.1M | $-234.7M | ||
| Q2 24 | $133.8M | $-289.9M | ||
| Q1 24 | $174.6M | $-297.4M |
| Q4 25 | $1.8B | $4.8B | ||
| Q3 25 | $1.7B | $4.7B | ||
| Q2 25 | $1.5B | $4.7B | ||
| Q1 25 | $1.4B | $4.6B | ||
| Q4 24 | $1.6B | $4.5B | ||
| Q3 24 | $1.6B | $4.4B | ||
| Q2 24 | $1.4B | $4.2B | ||
| Q1 24 | $1.3B | $4.1B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $155.7M | $131.9M |
| Free Cash FlowOCF − Capex | $138.6M | $83.0M |
| FCF MarginFCF / Revenue | 26.1% | 9.4% |
| Capex IntensityCapex / Revenue | 3.2% | 5.5% |
| Cash ConversionOCF / Net Profit | 2.92× | 3.64× |
| TTM Free Cash FlowTrailing 4 quarters | $480.4M | $128.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $155.7M | $131.9M | ||
| Q3 25 | $256.1M | $137.7M | ||
| Q2 25 | $190.4M | $86.6M | ||
| Q1 25 | $-75.9M | $-18.8M | ||
| Q4 24 | $195.7M | $-31.4M | ||
| Q3 24 | $180.5M | $11.2M | ||
| Q2 24 | $193.6M | $56.1M | ||
| Q1 24 | $-38.8M | $-114.0M |
| Q4 25 | $138.6M | $83.0M | ||
| Q3 25 | $240.9M | $80.7M | ||
| Q2 25 | $178.9M | $34.1M | ||
| Q1 25 | $-77.9M | $-69.7M | ||
| Q4 24 | $195.3M | $-96.0M | ||
| Q3 24 | $178.5M | $-37.9M | ||
| Q2 24 | $193.0M | $-10.1M | ||
| Q1 24 | $-39.2M | $-251.5M |
| Q4 25 | 26.1% | 9.4% | ||
| Q3 25 | 54.5% | 9.0% | ||
| Q2 25 | 44.6% | 4.2% | ||
| Q1 25 | -24.2% | -8.6% | ||
| Q4 24 | 41.5% | -11.8% | ||
| Q3 24 | 55.7% | -4.6% | ||
| Q2 24 | 53.9% | -1.4% | ||
| Q1 24 | -12.0% | -34.1% |
| Q4 25 | 3.2% | 5.5% | ||
| Q3 25 | 3.4% | 6.3% | ||
| Q2 25 | 2.9% | 6.5% | ||
| Q1 25 | 0.6% | 6.3% | ||
| Q4 24 | 0.1% | 8.0% | ||
| Q3 24 | 0.6% | 5.9% | ||
| Q2 24 | 0.1% | 9.1% | ||
| Q1 24 | 0.1% | 18.6% |
| Q4 25 | 2.92× | 3.64× | ||
| Q3 25 | 6.43× | 2.66× | ||
| Q2 25 | 5.79× | 10.78× | ||
| Q1 25 | -1.41× | -1.35× | ||
| Q4 24 | 3.81× | -0.95× | ||
| Q3 24 | 8.15× | 0.39× | ||
| Q2 24 | 6.84× | — | ||
| Q1 24 | -1.19× | -10.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PJT
Segment breakdown not available.
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
