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PJT Partners vs Lincoln International: PJT and LCLN compared
PJT Partners is the larger company: $385M of revenue in its latest quarter (Q3 2026) against $294M for Lincoln International (Q3 2026). Lincoln International is growing faster (+57% against -14% a year earlier). PJT Partners is more profitable, with an operating margin of 17.9% against 15.1%.
Where the money goes: PJT and LCLN
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.
Lincoln International (LCLN) · Q3 2026
Lincoln International, Q3 2026: revenue $294M (+57% year over year), operating margin 15.1%, net earnings $9.9M, operating cash flow $122M. The chart follows the revenue to costs, profit and cash.
| PJT Partners (PJT) | Lincoln International (LCLN) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $385M | $294M |
| Revenue growth, Y/Y | -14% | +57% |
| Operating margin | 17.9% | 15.1% |
| Net earnings | $31.8M | $9.9M |
| Net margin | 8.3% | 3.4% |
| Operating cash flow | $276M | $122M |
| Free cash flow | $267M | $121M |
| Market value | $6.3B | — |
| P/E | 19.4× | — |
| Analysts’ mean target | $162.51 | — |
Where the revenue comes from
Lincoln International
- Investment Banking Advisory: $240M (82%)
- Valuations and Opinions: $53.8M (18%)
Questions
Which is bigger, PJT Partners or Lincoln International?
PJT Partners is the larger company: $385M of revenue in its latest quarter (Q3 2026) against $294M for Lincoln International (Q3 2026).
Is PJT Partners or Lincoln International growing faster?
Lincoln International is growing faster (+57% against -14% a year earlier).
Which is more profitable, PJT Partners or Lincoln International?
PJT Partners is more profitable, with an operating margin of 17.9% against 15.1%.
More: PJT Partners earnings · how PJT Partners makes money · Lincoln International earnings · how Lincoln International 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.