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PJT Partners vs Artisan Partners Asset Management: PJT and APAM compared
PJT Partners is the larger company: $385M of revenue in its latest quarter (Q3 2026) against $313M for Artisan Partners Asset Management (Q3 2026). Artisan Partners Asset Management is growing faster (+4% against -14% a year earlier). Artisan Partners Asset Management is more profitable, with an operating margin of 35.1% against 17.9%.
Where the money goes: PJT and APAM
PJT Partners (PJT) · Q3 2026
PJT Partners, Q3 2026: revenue $385M (-14% year over year), operating margin 17.9%, net earnings $31.8M, operating cash flow $276M. The chart follows the revenue to costs, profit and cash.
Artisan Partners Asset Management (APAM) · Q3 2026
Artisan Partners Asset Management, Q3 2026: revenue $313M (+4% year over year), operating margin 35.1%, net earnings $75.2M, operating cash flow $110M. The chart follows the revenue to costs, profit and cash.
| PJT Partners (PJT) | Artisan Partners Asset Management (APAM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $385M | $313M |
| Revenue growth, Y/Y | -14% | +4% |
| Operating margin | 17.9% | 35.1% |
| Net earnings | $31.8M | $75.2M |
| Net margin | 8.3% | 24.1% |
| Operating cash flow | $276M | $110M |
| Free cash flow | $267M | $108M |
| Market value | $6.3B | $2.1B |
| P/E | 19.4× | 7.5× |
| Analysts’ mean target | $162.51 | $35.00 |
Where the revenue comes from
Artisan Partners Asset Management
- Management fees: $312M (100%)
- Performance fees: $35K (0%)
Questions
Which is bigger, PJT Partners or Artisan Partners Asset Management?
PJT Partners is the larger company: $385M of revenue in its latest quarter (Q3 2026) against $313M for Artisan Partners Asset Management (Q3 2026).
Is PJT Partners or Artisan Partners Asset Management growing faster?
Artisan Partners Asset Management is growing faster (+4% against -14% a year earlier).
Which is more profitable, PJT Partners or Artisan Partners Asset Management?
Artisan Partners Asset Management is more profitable, with an operating margin of 35.1% against 17.9%.
More: PJT Partners earnings · how PJT Partners makes money · Artisan Partners Asset Management earnings · how Artisan Partners Asset Management makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.