Filing Flows › Comparisons › VCTR vs PJT
Victory Capital Holdings vs PJT Partners: VCTR and PJT compared
Victory Capital Holdings is the larger company: $397M of revenue in its latest quarter (Q3 2026) against $385M for PJT Partners (Q3 2026). Victory Capital Holdings is growing faster (+10% against -14% a year earlier). Victory Capital Holdings is more profitable, with an operating margin of 34.7% against 17.9%.
Where the money goes: VCTR and PJT
Victory Capital Holdings (VCTR) · Q3 2026
Victory Capital Holdings, Q3 2026: revenue $397M (+10% year over year), operating margin 34.7%, net earnings $91.3M, operating cash flow $223M. The chart follows the revenue to costs, profit and cash.
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.
| Victory Capital Holdings (VCTR) | PJT Partners (PJT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $397M | $385M |
| Revenue growth, Y/Y | +10% | -14% |
| Operating margin | 34.7% | 17.9% |
| Net earnings | $91.3M | $31.8M |
| Net margin | 23.0% | 8.3% |
| Operating cash flow | $223M | $276M |
| Free cash flow | $222M | $267M |
| Market value | $7.4B | $6.3B |
| P/E | 16.3× | 19.4× |
| Analysts’ mean target | $123.67 | $162.51 |
Where the revenue comes from
Victory Capital Holdings
- Investment Management Fees: $322M (81%)
- Fund Administration and Distribution Fees: $74.5M (19%)
Questions
Which is bigger, Victory Capital Holdings or PJT Partners?
Victory Capital Holdings is the larger company: $397M of revenue in its latest quarter (Q3 2026) against $385M for PJT Partners (Q3 2026).
Is Victory Capital Holdings or PJT Partners growing faster?
Victory Capital Holdings is growing faster (+10% against -14% a year earlier).
Which is more profitable, Victory Capital Holdings or PJT Partners?
Victory Capital Holdings is more profitable, with an operating margin of 34.7% against 17.9%.
More: Victory Capital Holdings earnings · how Victory Capital Holdings makes money · PJT Partners earnings · how PJT Partners makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.