COMP <GO>
PJT vs STEP // FORWARD P/E MULTIPLE
PJT Partners Inc. (NYSE) VS. StepStone Group Inc. (NASDAQ) • 15-METRIC TALLY: PJT 8
— STEP 3
▲ FORWARD P/E MULTIPLE LEADER: STEP
LAST: $149.71 (-1.49%) • MKT CAP: $6.14B
forward-pe
29.1x
LAST: $43.22 (-2.81%) • MKT CAP: $5.22B
forward-pe
18.0x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (PJT VS. STEP)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | PJT | STEP | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 34.80% | -35.00% | +69.80 | PJT | /roic <GO> |
| EV/EBITDA & P/E Valuation | 23.4x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 7.71% | 1.19% | +6.52 | PJT | /fcf-yield <GO> |
| Operating Margin | 13.00% | -45.50% | +58.50 | PJT | /operating-margins <GO> |
| Net Profit Margin | 10.60% | -37.30% | +47.90 | PJT | /net-margins <GO> |
| Revenue Growth (YoY) | 14.90% | 69.70% | -54.80 | STEP | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.39% | 2.19% | -1.80 | STEP | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 8/9 | 7/9 | +1.00 | PJT | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 55.9 | 47.3 | +8.60 | PJT | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.08 | 0.92 | +0.16 | PJT | /macro-sensitivity <GO> |
| Forward P/E Multiple ACTIVE | 29.1x | 18.0x | +11.10 | STEP | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $6.14B | $5.22B | $924.2M | PJT | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | PJT REV | STEP REV | PJT GROSS % | STEP GROSS % | PJT FCF | STEP FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.70B | $1.99B | — | — | $480.4M | $63.9M |
| FY 2024 | $1.48B | $1.17B | — | — | $527.7M | $59.8M |
| FY 2023 | $1.15B | $711.6M | — | — | $390.0M | $129.5M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
PJT // BETA 1.08
STEP // BETA 0.92