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PJT Partners vs Carlyle Group: PJT and CG compared
PJT Partners is the larger company: $385M of revenue in its latest quarter (Q3 2026) against $334M for Carlyle Group (Q3 2026). Carlyle Group is growing faster (+0.4% against -14% a year earlier). PJT Partners is more profitable, with an operating margin of 17.9% against -16.2%.
Where the money goes: PJT and CG
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.
Carlyle Group (CG) · Q3 2026
Carlyle Group, Q3 2026: revenue $334M (+0.4% year over year), operating margin -16.2%, net loss $76.8M, operating cash flow $361M. The chart follows the revenue to costs, profit and cash.
| PJT Partners (PJT) | Carlyle Group (CG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $385M | $334M |
| Revenue growth, Y/Y | -14% | +0.4% |
| Operating margin | 17.9% | -16.2% |
| Net earnings | $31.8M | −$76.8M |
| Net margin | 8.3% | -23.0% |
| Operating cash flow | $276M | $361M |
| Free cash flow | $267M | $334M |
| Market value | $6.3B | $14.8B |
| P/E | 19.4× | 27.3× |
| Analysts’ mean target | $162.51 | $51.47 |
Questions
Which is bigger, PJT Partners or Carlyle Group?
PJT Partners is the larger company: $385M of revenue in its latest quarter (Q3 2026) against $334M for Carlyle Group (Q3 2026).
Is PJT Partners or Carlyle Group growing faster?
Carlyle Group is growing faster (+0.4% against -14% a year earlier).
Which is more profitable, PJT Partners or Carlyle Group?
PJT Partners is more profitable, with an operating margin of 17.9% against -16.2%.
More: PJT Partners earnings · how PJT Partners makes money · Carlyle Group earnings · how Carlyle Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.