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Side-by-side financial comparison of PJT Partners Inc. (PJT) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.
Construction Partners, Inc. is the larger business by last-quarter revenue ($809.5M vs $531.4M, roughly 1.5× PJT Partners Inc.). PJT Partners Inc. runs the higher net margin — 10.0% vs 2.1%, a 7.9% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 12.9%). PJT Partners Inc. produced more free cash flow last quarter ($138.6M vs $47.1M). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% CAGR vs 27.5%).
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.
Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.
PJT vs ROAD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $531.4M | $809.5M |
| Net Profit | $53.4M | $17.2M |
| Gross Margin | — | 15.0% |
| Operating Margin | 23.1% | 6.2% |
| Net Margin | 10.0% | 2.1% |
| Revenue YoY | 12.9% | 44.1% |
| Net Profit YoY | 4.0% | 663.9% |
| EPS (diluted) | — | $0.31 |
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 | $809.5M | ||
| Q3 25 | $442.3M | $899.8M | ||
| Q2 25 | $401.1M | $779.3M | ||
| Q1 25 | $321.9M | $571.6M | ||
| Q4 24 | $470.5M | $561.6M | ||
| Q3 24 | $320.3M | $538.2M | ||
| Q2 24 | $358.1M | $517.8M | ||
| Q1 24 | $327.1M | $371.4M |
| Q4 25 | $53.4M | $17.2M | ||
| Q3 25 | $39.8M | $56.6M | ||
| Q2 25 | $32.9M | $44.0M | ||
| Q1 25 | $54.0M | $4.2M | ||
| Q4 24 | $51.3M | $-3.1M | ||
| Q3 24 | $22.1M | $29.3M | ||
| Q2 24 | $28.3M | $30.9M | ||
| Q1 24 | $32.6M | $-1.1M |
| Q4 25 | — | 15.0% | ||
| Q3 25 | — | 17.7% | ||
| Q2 25 | — | 16.9% | ||
| Q1 25 | — | 12.5% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 16.1% | ||
| Q1 24 | — | 10.4% |
| Q4 25 | 23.1% | 6.2% | ||
| Q3 25 | 20.6% | 11.2% | ||
| Q2 25 | 19.1% | 10.6% | ||
| Q1 25 | 16.3% | 4.8% | ||
| Q4 24 | 21.9% | 2.5% | ||
| Q3 24 | 15.4% | 8.5% | ||
| Q2 24 | 18.0% | 8.8% | ||
| Q1 24 | 16.5% | 0.8% |
| Q4 25 | 10.0% | 2.1% | ||
| Q3 25 | 9.0% | 6.3% | ||
| Q2 25 | 8.2% | 5.7% | ||
| Q1 25 | 16.8% | 0.7% | ||
| Q4 24 | 10.9% | -0.5% | ||
| Q3 24 | 6.9% | 5.4% | ||
| Q2 24 | 7.9% | 6.0% | ||
| Q1 24 | 10.0% | -0.3% |
| Q4 25 | — | $0.31 | ||
| Q3 25 | — | $1.03 | ||
| Q2 25 | — | $0.79 | ||
| Q1 25 | — | $0.08 | ||
| Q4 24 | — | $-0.06 | ||
| Q3 24 | — | $0.55 | ||
| Q2 24 | — | $0.59 | ||
| Q1 24 | — | $-0.02 |
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 | $104.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $308.2M | $969.1M |
| Total Assets | $1.8B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $538.9M | $104.1M | ||
| Q3 25 | $400.5M | $156.1M | ||
| Q2 25 | $214.6M | $114.3M | ||
| Q1 25 | $194.3M | $101.9M | ||
| Q4 24 | $483.9M | $132.5M | ||
| Q3 24 | $148.8M | $74.7M | ||
| Q2 24 | $164.2M | $56.3M | ||
| Q1 24 | $215.5M | $48.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $515.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $308.2M | $969.1M | ||
| Q3 25 | $228.6M | $912.0M | ||
| Q2 25 | $167.4M | $853.3M | ||
| Q1 25 | $148.8M | $807.9M | ||
| Q4 24 | $187.0M | $811.1M | ||
| Q3 24 | $159.1M | $573.7M | ||
| Q2 24 | $133.8M | $552.9M | ||
| Q1 24 | $174.6M | $525.0M |
| Q4 25 | $1.8B | $3.4B | ||
| Q3 25 | $1.7B | $3.2B | ||
| Q2 25 | $1.5B | $2.9B | ||
| Q1 25 | $1.4B | $2.8B | ||
| Q4 24 | $1.6B | $2.6B | ||
| Q3 24 | $1.6B | $1.5B | ||
| Q2 24 | $1.4B | $1.4B | ||
| Q1 24 | $1.3B | $1.3B |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $82.6M |
| Free Cash FlowOCF − Capex | $138.6M | $47.1M |
| FCF MarginFCF / Revenue | 26.1% | 5.8% |
| Capex IntensityCapex / Revenue | 3.2% | 4.4% |
| Cash ConversionOCF / Net Profit | 2.92× | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | $480.4M | $186.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $155.7M | $82.6M | ||
| Q3 25 | $256.1M | $112.0M | ||
| Q2 25 | $190.4M | $83.0M | ||
| Q1 25 | $-75.9M | $55.6M | ||
| Q4 24 | $195.7M | $40.7M | ||
| Q3 24 | $180.5M | $95.9M | ||
| Q2 24 | $193.6M | $34.6M | ||
| Q1 24 | $-38.8M | $18.2M |
| Q4 25 | $138.6M | $47.1M | ||
| Q3 25 | $240.9M | $78.9M | ||
| Q2 25 | $178.9M | $46.4M | ||
| Q1 25 | $-77.9M | $14.2M | ||
| Q4 24 | $195.3M | $13.8M | ||
| Q3 24 | $178.5M | $78.4M | ||
| Q2 24 | $193.0M | $19.7M | ||
| Q1 24 | $-39.2M | $-10.6M |
| Q4 25 | 26.1% | 5.8% | ||
| Q3 25 | 54.5% | 8.8% | ||
| Q2 25 | 44.6% | 5.9% | ||
| Q1 25 | -24.2% | 2.5% | ||
| Q4 24 | 41.5% | 2.5% | ||
| Q3 24 | 55.7% | 14.6% | ||
| Q2 24 | 53.9% | 3.8% | ||
| Q1 24 | -12.0% | -2.8% |
| Q4 25 | 3.2% | 4.4% | ||
| Q3 25 | 3.4% | 3.7% | ||
| Q2 25 | 2.9% | 4.7% | ||
| Q1 25 | 0.6% | 7.2% | ||
| Q4 24 | 0.1% | 4.8% | ||
| Q3 24 | 0.6% | 3.3% | ||
| Q2 24 | 0.1% | 2.9% | ||
| Q1 24 | 0.1% | 7.7% |
| Q4 25 | 2.92× | 4.80× | ||
| Q3 25 | 6.43× | 1.98× | ||
| Q2 25 | 5.79× | 1.88× | ||
| Q1 25 | -1.41× | 13.20× | ||
| Q4 24 | 3.81× | — | ||
| Q3 24 | 8.15× | 3.27× | ||
| Q2 24 | 6.84× | 1.12× | ||
| Q1 24 | -1.19× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
