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PJT Partners Inc.（PJT）与西联汇款（WU）财务数据对比。点击上方公司名可切换其他公司
西联汇款的季度营收约是PJT Partners Inc.的1.8倍（$982.7M vs $531.4M），PJT Partners Inc.净利率更高（10.0% vs 6.6%，领先3.5%），PJT Partners Inc.同比增速更快（12.9% vs 0.0%），过去两年PJT Partners Inc.的营收复合增速更高（27.5% vs -1.9%）
PJT Partners Inc.是一家专注于顾问业务的全球投资银行，于2015年10月从黑石集团旗下拆分成立，独立运营原黑石的金融与战略咨询服务业务，为全球各类客户提供专业的投行顾问相关服务。
西联汇款是总部位于美国科罗拉多州丹佛市的跨国金融服务企业，在全球范围内为个人及机构用户提供便捷的跨境汇款、支付等相关金融服务，凭借广泛的服务网点覆盖和成熟的业务体系，在跨境资金流转领域拥有较高的行业知名度。
PJT vs WU — 直观对比
营收规模更大
WU
是对方的1.8倍
$531.4M
营收增速更快
PJT
高出12.9%
0.0%
净利率更高
PJT
高出3.5%
6.6%
两年增速更快
PJT
近两年复合增速
-1.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $531.4M | $982.7M |
| 净利润 | $53.4M | $64.7M |
| 毛利率 | — | — |
| 营业利润率 | 23.1% | 12.5% |
| 净利率 | 10.0% | 6.6% |
| 营收同比 | 12.9% | 0.0% |
| 净利润同比 | 4.0% | -47.6% |
| 每股收益（稀释后） | — | $0.41 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收PJTWU
| Q1 26 | — | $982.7M | ||
| Q4 25 | $531.4M | $972.0M | ||
| Q3 25 | $442.3M | $985.3M | ||
| Q2 25 | $401.1M | $983.6M | ||
| Q1 25 | $321.9M | $938.7M | ||
| Q4 24 | $470.5M | $1.0B | ||
| Q3 24 | $320.3M | $993.4M | ||
| Q2 24 | $358.1M | $1.0B |
净利润PJTWU
| Q1 26 | — | $64.7M | ||
| Q4 25 | $53.4M | $114.4M | ||
| Q3 25 | $39.8M | $139.6M | ||
| Q2 25 | $32.9M | $122.1M | ||
| Q1 25 | $54.0M | $123.5M | ||
| Q4 24 | $51.3M | $385.7M | ||
| Q3 24 | $22.1M | $264.8M | ||
| Q2 24 | $28.3M | $141.0M |
毛利率PJTWU
| Q1 26 | — | — | ||
| Q4 25 | — | 33.6% | ||
| Q3 25 | — | 34.7% | ||
| Q2 25 | — | 34.6% | ||
| Q1 25 | — | 34.0% | ||
| Q4 24 | — | 35.0% | ||
| Q3 24 | — | 34.2% | ||
| Q2 24 | — | 35.0% |
营业利润率PJTWU
| Q1 26 | — | 12.5% | ||
| Q4 25 | 23.1% | 19.1% | ||
| Q3 25 | 20.6% | 20.5% | ||
| Q2 25 | 19.1% | 19.6% | ||
| Q1 25 | 16.3% | 18.9% | ||
| Q4 24 | 21.9% | 17.5% | ||
| Q3 24 | 15.4% | 16.6% | ||
| Q2 24 | 18.0% | 18.7% |
净利率PJTWU
| Q1 26 | — | 6.6% | ||
| Q4 25 | 10.0% | 11.8% | ||
| Q3 25 | 9.0% | 14.2% | ||
| Q2 25 | 8.2% | 12.4% | ||
| Q1 25 | 16.8% | 13.2% | ||
| Q4 24 | 10.9% | 37.9% | ||
| Q3 24 | 6.9% | 26.7% | ||
| Q2 24 | 7.9% | 13.8% |
每股收益（稀释后）PJTWU
| Q1 26 | — | $0.41 | ||
| Q4 25 | — | $0.36 | ||
| Q3 25 | — | $0.43 | ||
| Q2 25 | — | $0.37 | ||
| Q1 25 | — | $0.36 | ||
| Q4 24 | — | $1.14 | ||
| Q3 24 | — | $0.78 | ||
| Q2 24 | — | $0.41 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $538.9M | $909.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $308.2M | $910.5M |
| 总资产 | $1.8B | $8.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资PJTWU
| Q1 26 | — | $909.2M | ||
| Q4 25 | $538.9M | $1.2B | ||
| Q3 25 | $400.5M | $947.8M | ||
| Q2 25 | $214.6M | $1.0B | ||
| Q1 25 | $194.3M | $1.3B | ||
| Q4 24 | $483.9M | $1.5B | ||
| Q3 24 | $148.8M | $1.1B | ||
| Q2 24 | $164.2M | $1.0B |
总债务PJTWU
| Q1 26 | — | — | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.1B |
股东权益PJTWU
| Q1 26 | — | $910.5M | ||
| Q4 25 | $308.2M | $957.8M | ||
| Q3 25 | $228.6M | $925.4M | ||
| Q2 25 | $167.4M | $883.6M | ||
| Q1 25 | $148.8M | $939.4M | ||
| Q4 24 | $187.0M | $968.9M | ||
| Q3 24 | $159.1M | $652.7M | ||
| Q2 24 | $133.8M | $440.8M |
总资产PJTWU
| Q1 26 | — | $8.1B | ||
| Q4 25 | $1.8B | $8.3B | ||
| Q3 25 | $1.7B | $7.8B | ||
| Q2 25 | $1.5B | $8.0B | ||
| Q1 25 | $1.4B | $8.3B | ||
| Q4 24 | $1.6B | $8.4B | ||
| Q3 24 | $1.6B | $7.7B | ||
| Q2 24 | $1.4B | $8.0B |
负债/权益比PJTWU
| Q1 26 | — | — | ||
| Q4 25 | — | 3.01× | ||
| Q3 25 | — | 2.70× | ||
| Q2 25 | — | 2.83× | ||
| Q1 25 | — | 2.61× | ||
| Q4 24 | — | 3.04× | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 4.88× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $155.7M | $109.0M |
| 自由现金流经营现金流 - 资本支出 | $138.6M | — |
| 自由现金流率自由现金流/营收 | 26.1% | — |
| 资本支出强度资本支出/营收 | 3.2% | 4.8% |
| 现金转化率经营现金流/净利润 | 2.92× | 1.68× |
| 过去12个月自由现金流最近4个季度 | $480.4M | — |
8季度趋势，按日历期对齐
经营现金流PJTWU
| Q1 26 | — | $109.0M | ||
| Q4 25 | $155.7M | $135.4M | ||
| Q3 25 | $256.1M | $260.4M | ||
| Q2 25 | $190.4M | $-300.0K | ||
| Q1 25 | $-75.9M | $148.2M | ||
| Q4 24 | $195.7M | $134.0M | ||
| Q3 24 | $180.5M | $212.1M | ||
| Q2 24 | $193.6M | $-33.8M |
自由现金流PJTWU
| Q1 26 | — | — | ||
| Q4 25 | $138.6M | $115.5M | ||
| Q3 25 | $240.9M | $252.7M | ||
| Q2 25 | $178.9M | $-7.8M | ||
| Q1 25 | $-77.9M | $144.8M | ||
| Q4 24 | $195.3M | $119.7M | ||
| Q3 24 | $178.5M | $205.1M | ||
| Q2 24 | $193.0M | $-38.9M |
自由现金流率PJTWU
| Q1 26 | — | — | ||
| Q4 25 | 26.1% | 11.9% | ||
| Q3 25 | 54.5% | 25.6% | ||
| Q2 25 | 44.6% | -0.8% | ||
| Q1 25 | -24.2% | 15.4% | ||
| Q4 24 | 41.5% | 11.8% | ||
| Q3 24 | 55.7% | 20.6% | ||
| Q2 24 | 53.9% | -3.8% |
资本支出强度PJTWU
| Q1 26 | — | 4.8% | ||
| Q4 25 | 3.2% | 2.0% | ||
| Q3 25 | 3.4% | 0.8% | ||
| Q2 25 | 2.9% | 0.8% | ||
| Q1 25 | 0.6% | 0.4% | ||
| Q4 24 | 0.1% | 1.4% | ||
| Q3 24 | 0.6% | 0.7% | ||
| Q2 24 | 0.1% | 0.5% |
现金转化率PJTWU
| Q1 26 | — | 1.68× | ||
| Q4 25 | 2.92× | 1.18× | ||
| Q3 25 | 6.43× | 1.87× | ||
| Q2 25 | 5.79× | -0.00× | ||
| Q1 25 | -1.41× | 1.20× | ||
| Q4 24 | 3.81× | 0.35× | ||
| Q3 24 | 8.15× | 0.80× | ||
| Q2 24 | 6.84× | -0.24× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
