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Side-by-side financial comparison of PJT Partners Inc. (PJT) and TripAdvisor, Inc. (TRIP). Click either name above to swap in a different company.
PJT Partners Inc. is the larger business by last-quarter revenue ($531.4M vs $411.0M, roughly 1.3× TripAdvisor, Inc.). PJT Partners Inc. runs the higher net margin — 10.0% vs -9.2%, a 19.3% gap on every dollar of revenue. On growth, PJT Partners Inc. posted the faster year-over-year revenue change (12.9% vs 0.0%). PJT Partners Inc. produced more free cash flow last quarter ($138.6M vs $-122.0M). Over the past eight quarters, PJT Partners Inc.'s revenue compounded faster (27.5% CAGR vs 2.0%).
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.
Tripadvisor is an American company that operates online travel agencies, comparison shopping websites, and mobile apps with user-generated content.
PJT vs TRIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $531.4M | $411.0M |
| Net Profit | $53.4M | $-38.0M |
| Gross Margin | — | 91.5% |
| Operating Margin | 23.1% | -8.3% |
| Net Margin | 10.0% | -9.2% |
| Revenue YoY | 12.9% | 0.0% |
| Net Profit YoY | 4.0% | -3900.0% |
| EPS (diluted) | — | $-0.32 |
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 | $411.0M | ||
| Q3 25 | $442.3M | $553.0M | ||
| Q2 25 | $401.1M | $529.0M | ||
| Q1 25 | $321.9M | $398.0M | ||
| Q4 24 | $470.5M | $411.0M | ||
| Q3 24 | $320.3M | $532.0M | ||
| Q2 24 | $358.1M | $497.0M | ||
| Q1 24 | $327.1M | $395.0M |
| Q4 25 | $53.4M | $-38.0M | ||
| Q3 25 | $39.8M | $53.0M | ||
| Q2 25 | $32.9M | $36.0M | ||
| Q1 25 | $54.0M | $-11.0M | ||
| Q4 24 | $51.3M | $1.0M | ||
| Q3 24 | $22.1M | $39.0M | ||
| Q2 24 | $28.3M | $24.0M | ||
| Q1 24 | $32.6M | $-59.0M |
| Q4 25 | — | 91.5% | ||
| Q3 25 | — | 92.6% | ||
| Q2 25 | — | 92.1% | ||
| Q1 25 | — | 93.2% | ||
| Q4 24 | — | 93.4% | ||
| Q3 24 | — | 92.5% | ||
| Q2 24 | — | 92.8% | ||
| Q1 24 | — | 93.7% |
| Q4 25 | 23.1% | -8.3% | ||
| Q3 25 | 20.6% | 12.7% | ||
| Q2 25 | 19.1% | 11.2% | ||
| Q1 25 | 16.3% | -3.8% | ||
| Q4 24 | 21.9% | 0.2% | ||
| Q3 24 | 15.4% | 13.2% | ||
| Q2 24 | 18.0% | 7.2% | ||
| Q1 24 | 16.5% | -3.8% |
| Q4 25 | 10.0% | -9.2% | ||
| Q3 25 | 9.0% | 9.6% | ||
| Q2 25 | 8.2% | 6.8% | ||
| Q1 25 | 16.8% | -2.8% | ||
| Q4 24 | 10.9% | 0.2% | ||
| Q3 24 | 6.9% | 7.3% | ||
| Q2 24 | 7.9% | 4.8% | ||
| Q1 24 | 10.0% | -14.9% |
| Q4 25 | — | $-0.32 | ||
| Q3 25 | — | $0.43 | ||
| Q2 25 | — | $0.28 | ||
| Q1 25 | — | $-0.08 | ||
| Q4 24 | — | $0.03 | ||
| Q3 24 | — | $0.27 | ||
| Q2 24 | — | $0.17 | ||
| Q1 24 | — | $-0.43 |
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 | $1.0B |
| Total DebtLower is stronger | — | $819.0M |
| Stockholders' EquityBook value | $308.2M | $645.0M |
| Total Assets | $1.8B | $2.6B |
| Debt / EquityLower = less leverage | — | 1.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $538.9M | $1.0B | ||
| Q3 25 | $400.5M | $1.2B | ||
| Q2 25 | $214.6M | $1.2B | ||
| Q1 25 | $194.3M | $1.2B | ||
| Q4 24 | $483.9M | $1.1B | ||
| Q3 24 | $148.8M | $1.1B | ||
| Q2 24 | $164.2M | $1.2B | ||
| Q1 24 | $215.5M | $1.2B |
| Q4 25 | — | $819.0M | ||
| Q3 25 | — | $821.0M | ||
| Q2 25 | — | $822.0M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $831.0M | ||
| Q3 24 | — | $832.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $308.2M | $645.0M | ||
| Q3 25 | $228.6M | $707.0M | ||
| Q2 25 | $167.4M | $627.0M | ||
| Q1 25 | $148.8M | $643.0M | ||
| Q4 24 | $187.0M | $943.0M | ||
| Q3 24 | $159.1M | $944.0M | ||
| Q2 24 | $133.8M | $857.0M | ||
| Q1 24 | $174.6M | $825.0M |
| Q4 25 | $1.8B | $2.6B | ||
| Q3 25 | $1.7B | $2.8B | ||
| Q2 25 | $1.5B | $2.9B | ||
| Q1 25 | $1.4B | $2.8B | ||
| Q4 24 | $1.6B | $2.6B | ||
| Q3 24 | $1.6B | $2.7B | ||
| Q2 24 | $1.4B | $2.8B | ||
| Q1 24 | $1.3B | $2.7B |
| Q4 25 | — | 1.27× | ||
| Q3 25 | — | 1.16× | ||
| Q2 25 | — | 1.31× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.88× | ||
| 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 | $-103.0M |
| Free Cash FlowOCF − Capex | $138.6M | $-122.0M |
| FCF MarginFCF / Revenue | 26.1% | -29.7% |
| Capex IntensityCapex / Revenue | 3.2% | 4.6% |
| Cash ConversionOCF / Net Profit | 2.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | $480.4M | $163.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $155.7M | $-103.0M | ||
| Q3 25 | $256.1M | $44.0M | ||
| Q2 25 | $190.4M | $202.0M | ||
| Q1 25 | $-75.9M | $102.0M | ||
| Q4 24 | $195.7M | $-3.0M | ||
| Q3 24 | $180.5M | $-43.0M | ||
| Q2 24 | $193.6M | $51.0M | ||
| Q1 24 | $-38.8M | $139.0M |
| Q4 25 | $138.6M | $-122.0M | ||
| Q3 25 | $240.9M | $25.0M | ||
| Q2 25 | $178.9M | $177.0M | ||
| Q1 25 | $-77.9M | $83.0M | ||
| Q4 24 | $195.3M | $-26.0M | ||
| Q3 24 | $178.5M | $-63.0M | ||
| Q2 24 | $193.0M | $36.0M | ||
| Q1 24 | $-39.2M | $123.0M |
| Q4 25 | 26.1% | -29.7% | ||
| Q3 25 | 54.5% | 4.5% | ||
| Q2 25 | 44.6% | 33.5% | ||
| Q1 25 | -24.2% | 20.9% | ||
| Q4 24 | 41.5% | -6.3% | ||
| Q3 24 | 55.7% | -11.8% | ||
| Q2 24 | 53.9% | 7.2% | ||
| Q1 24 | -12.0% | 31.1% |
| Q4 25 | 3.2% | 4.6% | ||
| Q3 25 | 3.4% | 3.4% | ||
| Q2 25 | 2.9% | 4.7% | ||
| Q1 25 | 0.6% | 4.8% | ||
| Q4 24 | 0.1% | 5.6% | ||
| Q3 24 | 0.6% | 3.8% | ||
| Q2 24 | 0.1% | 3.0% | ||
| Q1 24 | 0.1% | 4.1% |
| Q4 25 | 2.92× | — | ||
| Q3 25 | 6.43× | 0.83× | ||
| Q2 25 | 5.79× | 5.61× | ||
| Q1 25 | -1.41× | — | ||
| Q4 24 | 3.81× | -3.00× | ||
| Q3 24 | 8.15× | -1.10× | ||
| Q2 24 | 6.84× | 2.13× | ||
| Q1 24 | -1.19× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PJT
Segment breakdown not available.
TRIP
| Third Party | $327.0M | 80% |
| The Fork | $58.0M | 14% |
| Other | $26.0M | 6% |
