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Side-by-side financial comparison of PJT Partners Inc. (PJT) and EXPRO GROUP HOLDINGS N.V. (XPRO). Click either name above to swap in a different company.
PJT Partners Inc. is the larger business by last-quarter revenue ($531.4M vs $382.1M, roughly 1.4× EXPRO GROUP HOLDINGS N.V.). PJT Partners Inc. runs the higher net margin — 10.0% vs 1.5%, a 8.5% gap on every dollar of revenue. On growth, PJT Partners Inc. posted the faster year-over-year revenue change (12.9% vs -12.5%). PJT Partners Inc. produced more free cash flow last quarter ($138.6M vs $23.2M). Over the past eight quarters, PJT Partners Inc.'s revenue compounded faster (27.5% CAGR vs -0.2%).
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.
Expro is an energy services provider headquartered in Houston, Texas, United States.
PJT vs XPRO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $531.4M | $382.1M |
| Net Profit | $53.4M | $5.8M |
| Gross Margin | — | — |
| Operating Margin | 23.1% | 3.1% |
| Net Margin | 10.0% | 1.5% |
| Revenue YoY | 12.9% | -12.5% |
| Net Profit YoY | 4.0% | -74.9% |
| EPS (diluted) | — | $0.05 |
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 | $382.1M | ||
| Q3 25 | $442.3M | $411.4M | ||
| Q2 25 | $401.1M | $422.7M | ||
| Q1 25 | $321.9M | $390.9M | ||
| Q4 24 | $470.5M | $436.8M | ||
| Q3 24 | $320.3M | $422.8M | ||
| Q2 24 | $358.1M | $469.6M | ||
| Q1 24 | $327.1M | $383.5M |
| Q4 25 | $53.4M | $5.8M | ||
| Q3 25 | $39.8M | $14.0M | ||
| Q2 25 | $32.9M | $18.0M | ||
| Q1 25 | $54.0M | $13.9M | ||
| Q4 24 | $51.3M | $23.0M | ||
| Q3 24 | $22.1M | $16.3M | ||
| Q2 24 | $28.3M | $15.3M | ||
| Q1 24 | $32.6M | $-2.7M |
| Q4 25 | 23.1% | 3.1% | ||
| Q3 25 | 20.6% | 6.4% | ||
| Q2 25 | 19.1% | 7.7% | ||
| Q1 25 | 16.3% | 2.6% | ||
| Q4 24 | 21.9% | 7.3% | ||
| Q3 24 | 15.4% | 6.2% | ||
| Q2 24 | 18.0% | 5.9% | ||
| Q1 24 | 16.5% | 2.2% |
| Q4 25 | 10.0% | 1.5% | ||
| Q3 25 | 9.0% | 3.4% | ||
| Q2 25 | 8.2% | 4.3% | ||
| Q1 25 | 16.8% | 3.6% | ||
| Q4 24 | 10.9% | 5.3% | ||
| Q3 24 | 6.9% | 3.8% | ||
| Q2 24 | 7.9% | 3.3% | ||
| Q1 24 | 10.0% | -0.7% |
| Q4 25 | — | $0.05 | ||
| Q3 25 | — | $0.12 | ||
| Q2 25 | — | $0.16 | ||
| Q1 25 | — | $0.12 | ||
| Q4 24 | — | $0.20 | ||
| Q3 24 | — | $0.14 | ||
| Q2 24 | — | $0.13 | ||
| 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 | $196.1M |
| Total DebtLower is stronger | — | $79.1M |
| Stockholders' EquityBook value | $308.2M | $1.5B |
| Total Assets | $1.8B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $538.9M | $196.1M | ||
| Q3 25 | $400.5M | $197.9M | ||
| Q2 25 | $214.6M | $206.8M | ||
| Q1 25 | $194.3M | $179.3M | ||
| Q4 24 | $483.9M | $183.0M | ||
| Q3 24 | $148.8M | $165.7M | ||
| Q2 24 | $164.2M | $133.5M | ||
| Q1 24 | $215.5M | $163.2M |
| Q4 25 | — | $79.1M | ||
| Q3 25 | — | $99.1M | ||
| Q2 25 | — | $121.1M | ||
| Q1 25 | — | $121.1M | ||
| Q4 24 | — | $121.1M | ||
| Q3 24 | — | $121.1M | ||
| Q2 24 | — | $121.1M | ||
| Q1 24 | — | $40.0M |
| Q4 25 | $308.2M | $1.5B | ||
| Q3 25 | $228.6M | $1.5B | ||
| Q2 25 | $167.4M | $1.5B | ||
| Q1 25 | $148.8M | $1.5B | ||
| Q4 24 | $187.0M | $1.5B | ||
| Q3 24 | $159.1M | $1.5B | ||
| Q2 24 | $133.8M | $1.5B | ||
| Q1 24 | $174.6M | $1.3B |
| Q4 25 | $1.8B | $2.3B | ||
| Q3 25 | $1.7B | $2.3B | ||
| Q2 25 | $1.5B | $2.3B | ||
| Q1 25 | $1.4B | $2.3B | ||
| Q4 24 | $1.6B | $2.3B | ||
| Q3 24 | $1.6B | $2.3B | ||
| Q2 24 | $1.4B | $2.3B | ||
| Q1 24 | $1.3B | $2.0B |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | — | 0.08× | ||
| Q2 24 | — | 0.08× | ||
| Q1 24 | — | 0.03× |
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 | $57.1M |
| Free Cash FlowOCF − Capex | $138.6M | $23.2M |
| FCF MarginFCF / Revenue | 26.1% | 6.1% |
| Capex IntensityCapex / Revenue | 3.2% | 8.9% |
| Cash ConversionOCF / Net Profit | 2.92× | 9.89× |
| TTM Free Cash FlowTrailing 4 quarters | $480.4M | $97.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $155.7M | $57.1M | ||
| Q3 25 | $256.1M | $63.2M | ||
| Q2 25 | $190.4M | $48.4M | ||
| Q1 25 | $-75.9M | $41.5M | ||
| Q4 24 | $195.7M | $97.4M | ||
| Q3 24 | $180.5M | $55.3M | ||
| Q2 24 | $193.6M | $-13.2M | ||
| Q1 24 | $-38.8M | $29.9M |
| Q4 25 | $138.6M | $23.2M | ||
| Q3 25 | $240.9M | $39.0M | ||
| Q2 25 | $178.9M | $27.2M | ||
| Q1 25 | $-77.9M | $8.4M | ||
| Q4 24 | $195.3M | $53.0M | ||
| Q3 24 | $178.5M | $23.3M | ||
| Q2 24 | $193.0M | $-49.5M | ||
| Q1 24 | $-39.2M | $-801.0K |
| Q4 25 | 26.1% | 6.1% | ||
| Q3 25 | 54.5% | 9.5% | ||
| Q2 25 | 44.6% | 6.4% | ||
| Q1 25 | -24.2% | 2.1% | ||
| Q4 24 | 41.5% | 12.1% | ||
| Q3 24 | 55.7% | 5.5% | ||
| Q2 24 | 53.9% | -10.5% | ||
| Q1 24 | -12.0% | -0.2% |
| Q4 25 | 3.2% | 8.9% | ||
| Q3 25 | 3.4% | 5.9% | ||
| Q2 25 | 2.9% | 5.0% | ||
| Q1 25 | 0.6% | 8.5% | ||
| Q4 24 | 0.1% | 10.2% | ||
| Q3 24 | 0.6% | 7.6% | ||
| Q2 24 | 0.1% | 7.7% | ||
| Q1 24 | 0.1% | 8.0% |
| Q4 25 | 2.92× | 9.89× | ||
| Q3 25 | 6.43× | 4.52× | ||
| Q2 25 | 5.79× | 2.69× | ||
| Q1 25 | -1.41× | 2.98× | ||
| Q4 24 | 3.81× | 4.23× | ||
| Q3 24 | 8.15× | 3.40× | ||
| Q2 24 | 6.84× | -0.86× | ||
| 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.
XPRO
| NLA | $130.3M | 34% |
| ESSA | $116.3M | 30% |
| MENA | $93.0M | 24% |
| Other | $42.5M | 11% |
