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Side-by-side financial comparison of PJT Partners Inc. (PJT) and SM Energy Co (SM). Click either name above to swap in a different company.
SM Energy Co is the larger business by last-quarter revenue ($704.9M vs $531.4M, roughly 1.3× PJT Partners Inc.). On growth, PJT Partners Inc. posted the faster year-over-year revenue change (12.9% vs -17.3%). Over the past eight quarters, PJT Partners Inc.'s revenue compounded faster (27.5% CAGR vs 12.2%).
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.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
PJT vs SM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $531.4M | $704.9M |
| Net Profit | $53.4M | — |
| Gross Margin | — | — |
| Operating Margin | 23.1% | 25.9% |
| Net Margin | 10.0% | — |
| Revenue YoY | 12.9% | -17.3% |
| Net Profit YoY | 4.0% | — |
| EPS (diluted) | — | $0.94 |
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 | $704.9M | ||
| Q3 25 | $442.3M | $811.6M | ||
| Q2 25 | $401.1M | $792.9M | ||
| Q1 25 | $321.9M | $844.5M | ||
| Q4 24 | $470.5M | $852.0M | ||
| Q3 24 | $320.3M | $643.6M | ||
| Q2 24 | $358.1M | $634.6M | ||
| Q1 24 | $327.1M | $559.9M |
| Q4 25 | $53.4M | — | ||
| Q3 25 | $39.8M | $155.1M | ||
| Q2 25 | $32.9M | $201.7M | ||
| Q1 25 | $54.0M | $182.3M | ||
| Q4 24 | $51.3M | — | ||
| Q3 24 | $22.1M | $240.5M | ||
| Q2 24 | $28.3M | $210.3M | ||
| Q1 24 | $32.6M | $131.2M |
| Q4 25 | 23.1% | 25.9% | ||
| Q3 25 | 20.6% | 30.4% | ||
| Q2 25 | 19.1% | 37.2% | ||
| Q1 25 | 16.3% | 32.7% | ||
| Q4 24 | 21.9% | 33.7% | ||
| Q3 24 | 15.4% | 51.4% | ||
| Q2 24 | 18.0% | 44.0% | ||
| Q1 24 | 16.5% | 31.9% |
| Q4 25 | 10.0% | — | ||
| Q3 25 | 9.0% | 19.1% | ||
| Q2 25 | 8.2% | 25.4% | ||
| Q1 25 | 16.8% | 21.6% | ||
| Q4 24 | 10.9% | — | ||
| Q3 24 | 6.9% | 37.4% | ||
| Q2 24 | 7.9% | 33.1% | ||
| Q1 24 | 10.0% | 23.4% |
| Q4 25 | — | $0.94 | ||
| Q3 25 | — | $1.35 | ||
| Q2 25 | — | $1.76 | ||
| Q1 25 | — | $1.59 | ||
| Q4 24 | — | $1.63 | ||
| Q3 24 | — | $2.09 | ||
| Q2 24 | — | $1.82 | ||
| Q1 24 | — | $1.13 |
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 | $368.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $308.2M | $4.8B |
| Total Assets | $1.8B | $9.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $538.9M | $368.0M | ||
| Q3 25 | $400.5M | $162.3M | ||
| Q2 25 | $214.6M | $101.9M | ||
| Q1 25 | $194.3M | $54.0K | ||
| Q4 24 | $483.9M | — | ||
| Q3 24 | $148.8M | $1.7B | ||
| Q2 24 | $164.2M | $487.9M | ||
| Q1 24 | $215.5M | $506.3M |
| Q4 25 | $308.2M | $4.8B | ||
| Q3 25 | $228.6M | $4.7B | ||
| Q2 25 | $167.4M | $4.6B | ||
| Q1 25 | $148.8M | $4.4B | ||
| Q4 24 | $187.0M | $4.2B | ||
| Q3 24 | $159.1M | $4.1B | ||
| Q2 24 | $133.8M | $3.8B | ||
| Q1 24 | $174.6M | $3.7B |
| Q4 25 | $1.8B | $9.3B | ||
| Q3 25 | $1.7B | $9.1B | ||
| Q2 25 | $1.5B | $9.0B | ||
| Q1 25 | $1.4B | $8.8B | ||
| Q4 24 | $1.6B | $8.6B | ||
| Q3 24 | $1.6B | $8.0B | ||
| Q2 24 | $1.4B | $6.7B | ||
| Q1 24 | $1.3B | $6.4B |
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 | $451.9M |
| 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.
| Q4 25 | $155.7M | $451.9M | ||
| Q3 25 | $256.1M | $505.0M | ||
| Q2 25 | $190.4M | $571.1M | ||
| Q1 25 | $-75.9M | $483.0M | ||
| Q4 24 | $195.7M | $578.4M | ||
| Q3 24 | $180.5M | $452.3M | ||
| Q2 24 | $193.6M | $476.4M | ||
| Q1 24 | $-38.8M | $276.0M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 2.92× | — | ||
| Q3 25 | 6.43× | 3.26× | ||
| Q2 25 | 5.79× | 2.83× | ||
| Q1 25 | -1.41× | 2.65× | ||
| Q4 24 | 3.81× | — | ||
| Q3 24 | 8.15× | 1.88× | ||
| Q2 24 | 6.84× | 2.27× | ||
| Q1 24 | -1.19× | 2.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
