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Side-by-side financial comparison of PJT Partners Inc. (PJT) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
SCANSOURCE, INC. is the larger business by last-quarter revenue ($766.5M vs $531.4M, roughly 1.4× PJT Partners Inc.). PJT Partners Inc. runs the higher net margin — 10.0% vs 2.2%, a 7.9% gap on every dollar of revenue. On growth, PJT Partners Inc. posted the faster year-over-year revenue change (12.9% vs 2.5%). PJT Partners Inc. produced more free cash flow last quarter ($138.6M vs $28.9M). Over the past eight quarters, PJT Partners Inc.'s revenue compounded faster (27.5% CAGR vs 0.9%).
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.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
PJT vs SCSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $531.4M | $766.5M |
| Net Profit | $53.4M | $16.5M |
| Gross Margin | — | 13.4% |
| Operating Margin | 23.1% | 2.3% |
| Net Margin | 10.0% | 2.2% |
| Revenue YoY | 12.9% | 2.5% |
| Net Profit YoY | 4.0% | -3.3% |
| EPS (diluted) | — | $0.75 |
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 | $766.5M | ||
| Q3 25 | $442.3M | $739.6M | ||
| Q2 25 | $401.1M | $812.9M | ||
| Q1 25 | $321.9M | $704.8M | ||
| Q4 24 | $470.5M | $747.5M | ||
| Q3 24 | $320.3M | $775.6M | ||
| Q2 24 | $358.1M | $746.1M | ||
| Q1 24 | $327.1M | $752.6M |
| Q4 25 | $53.4M | $16.5M | ||
| Q3 25 | $39.8M | $19.9M | ||
| Q2 25 | $32.9M | $20.1M | ||
| Q1 25 | $54.0M | $17.4M | ||
| Q4 24 | $51.3M | $17.1M | ||
| Q3 24 | $22.1M | $17.0M | ||
| Q2 24 | $28.3M | $16.1M | ||
| Q1 24 | $32.6M | $12.8M |
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 12.6% |
| Q4 25 | 23.1% | 2.3% | ||
| Q3 25 | 20.6% | 3.5% | ||
| Q2 25 | 19.1% | 3.3% | ||
| Q1 25 | 16.3% | 3.2% | ||
| Q4 24 | 21.9% | 2.5% | ||
| Q3 24 | 15.4% | 2.3% | ||
| Q2 24 | 18.0% | 2.9% | ||
| Q1 24 | 16.5% | 2.3% |
| Q4 25 | 10.0% | 2.2% | ||
| Q3 25 | 9.0% | 2.7% | ||
| Q2 25 | 8.2% | 2.5% | ||
| Q1 25 | 16.8% | 2.5% | ||
| Q4 24 | 10.9% | 2.3% | ||
| Q3 24 | 6.9% | 2.2% | ||
| Q2 24 | 7.9% | 2.2% | ||
| Q1 24 | 10.0% | 1.7% |
| Q4 25 | — | $0.75 | ||
| Q3 25 | — | $0.89 | ||
| Q2 25 | — | $0.87 | ||
| Q1 25 | — | $0.74 | ||
| Q4 24 | — | $0.70 | ||
| Q3 24 | — | $0.69 | ||
| Q2 24 | — | $0.66 | ||
| Q1 24 | — | $0.50 |
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 | $83.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $308.2M | $910.9M |
| Total Assets | $1.8B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $538.9M | $83.5M | ||
| Q3 25 | $400.5M | $124.9M | ||
| Q2 25 | $214.6M | $126.2M | ||
| Q1 25 | $194.3M | $146.3M | ||
| Q4 24 | $483.9M | $110.5M | ||
| Q3 24 | $148.8M | $145.0M | ||
| Q2 24 | $164.2M | $185.5M | ||
| Q1 24 | $215.5M | $159.1M |
| Q4 25 | $308.2M | $910.9M | ||
| Q3 25 | $228.6M | $914.0M | ||
| Q2 25 | $167.4M | $906.4M | ||
| Q1 25 | $148.8M | $901.7M | ||
| Q4 24 | $187.0M | $900.7M | ||
| Q3 24 | $159.1M | $920.9M | ||
| Q2 24 | $133.8M | $924.3M | ||
| Q1 24 | $174.6M | $944.1M |
| Q4 25 | $1.8B | $1.7B | ||
| Q3 25 | $1.7B | $1.7B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.6B | $1.8B | ||
| Q2 24 | $1.4B | $1.8B | ||
| Q1 24 | $1.3B | $1.8B |
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 | $30.8M |
| Free Cash FlowOCF − Capex | $138.6M | $28.9M |
| FCF MarginFCF / Revenue | 26.1% | 3.8% |
| Capex IntensityCapex / Revenue | 3.2% | 0.3% |
| Cash ConversionOCF / Net Profit | 2.92× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $480.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $155.7M | $30.8M | ||
| Q3 25 | $256.1M | $23.2M | ||
| Q2 25 | $190.4M | — | ||
| Q1 25 | $-75.9M | $66.1M | ||
| Q4 24 | $195.7M | $-6.2M | ||
| Q3 24 | $180.5M | $44.8M | ||
| Q2 24 | $193.6M | — | ||
| Q1 24 | $-38.8M | $160.2M |
| Q4 25 | $138.6M | $28.9M | ||
| Q3 25 | $240.9M | $20.8M | ||
| Q2 25 | $178.9M | — | ||
| Q1 25 | $-77.9M | $64.6M | ||
| Q4 24 | $195.3M | $-8.2M | ||
| Q3 24 | $178.5M | $42.5M | ||
| Q2 24 | $193.0M | — | ||
| Q1 24 | $-39.2M | $157.7M |
| Q4 25 | 26.1% | 3.8% | ||
| Q3 25 | 54.5% | 2.8% | ||
| Q2 25 | 44.6% | — | ||
| Q1 25 | -24.2% | 9.2% | ||
| Q4 24 | 41.5% | -1.1% | ||
| Q3 24 | 55.7% | 5.5% | ||
| Q2 24 | 53.9% | — | ||
| Q1 24 | -12.0% | 21.0% |
| Q4 25 | 3.2% | 0.3% | ||
| Q3 25 | 3.4% | 0.3% | ||
| Q2 25 | 2.9% | 0.3% | ||
| Q1 25 | 0.6% | 0.2% | ||
| Q4 24 | 0.1% | 0.3% | ||
| Q3 24 | 0.6% | 0.3% | ||
| Q2 24 | 0.1% | 0.2% | ||
| Q1 24 | 0.1% | 0.3% |
| Q4 25 | 2.92× | 1.87× | ||
| Q3 25 | 6.43× | 1.17× | ||
| Q2 25 | 5.79× | — | ||
| Q1 25 | -1.41× | 3.79× | ||
| Q4 24 | 3.81× | -0.36× | ||
| Q3 24 | 8.15× | 2.64× | ||
| Q2 24 | 6.84× | — | ||
| Q1 24 | -1.19× | 12.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PJT
Segment breakdown not available.
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
