Houlihan Lokey (HLI) vs PJT Partners (PJT)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
PJT Partners (PJT) has outperformed Houlihan Lokey (HLI) over the past year, losing 20.6% versus a loss of 34.4%. Over five years, PJT leads with a +60.9% price change compared with +23.9% for HLI. Houlihan Lokey is the larger company by market cap ($9.09 billion vs $5.84 billion), about 1.6 times the size, while PJT Partners is growing revenue faster (+14.8% vs +9.5%).
On valuation, Houlihan Lokey trades at a lower forward P/E (15.1x vs 15.7x for PJT Partners). Houlihan Lokey offers the higher dividend yield (1.92% vs 0.73%). Houlihan Lokey converts more of its revenue into profit, with a net margin of 16.3% versus 10.5%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | HLI | PJT |
|---|---|---|
| Share price | $130.10 | $137.09 |
| Market cap | $9.09B | $5.84B |
| 1-day change | +3.64% | +0.95% |
| YTD return | -27.94% | -18.78% |
| 1-year return | -34.38% | -20.57% |
| 5-year return | +23.92% | +60.94% |
| P/E ratio (TTM) | 21.83 | 18.73 |
| Forward P/E | 15.07 | 15.75 |
| EPS (TTM) | $5.96 | $7.32 |
| Dividend yield | 1.92% | 0.73% |
| Annual dividend | $2.50 | $1.00 |
| Revenue (latest FY) | $2.62B | $1.71B |
| Revenue growth (YoY) | +9.55% | +14.77% |
| Net income (latest FY) | $425.70M | $180.12M |
| Operating margin | 20.13% | — |
| Net margin | 16.26% | 10.51% |
| 52-week high | $204.18 | $195.62 |
| 52-week low | $112.83 | $127.73 |
| Distance from 52-week high | -36.28% | -29.92% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +18.76% | +22.55% |
| Average volume | 873.23K | 438.71K |
| Shares outstanding | 54.20M | 25.56M |
| Employees | 2,800 | 1,224 |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Managers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- PJT has outperformed HLI by 13.8 percentage points over the past year.
- Houlihan Lokey offers a meaningfully higher dividend yield (1.92% vs 0.73%).
- Houlihan Lokey is more profitable, keeping 16.3 cents of every revenue dollar as net income versus 10.5 cents for PJT Partners.
- PJT Partners grew revenue faster in its latest fiscal year (+14.77% vs +9.55%).
About Houlihan Lokey
HLI stock →Houlihan Lokey, Inc., an investment banking company, provides merger and acquisition (M&A), capital market, financial restructurings and liability management, and financial and valuation advisory services worldwide. The company operates in three segments: Corporate Finance (CF), Financial Restructuring (FR), and Financial and Valuation Advisory (FVA).
Finance · Investment Managers · 2,800 employees
About PJT Partners
PJT stock →PJT Partners Inc., an investment bank, provides various strategic advisory, shareholder advisory, capital markets advisory, and restructuring and special situations services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.
Finance · Investment Managers · 1,224 employees
HLI vs PJT FAQ
Which is bigger, Houlihan Lokey or PJT Partners?
Houlihan Lokey (HLI) is larger, with a market capitalization of $9.09B compared with $5.84B for PJT Partners (PJT).
Which stock has performed better over the past year, HLI or PJT?
PJT returned -20.57% over the past 12 months, compared with -34.38% for HLI (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, HLI or PJT?
PJT has the lower trailing P/E at 18.7, versus 21.8 for HLI. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Houlihan Lokey or PJT Partners?
Houlihan Lokey has the higher yield at 1.92%, compared with 0.73% for PJT Partners.
Are Houlihan Lokey and PJT Partners in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.