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Booz Allen Hamilton Holding Corporation

BAH Industrials Consulting Services

Booz Allen Hamilton Holding Corporation’s revenue for fiscal 2026 (year ended March 2026) was $11.2 billion, down 6.37% from fiscal 2025.

Revenue
−3.88%
EPS
+5.63%
Free cash flow
−33.4%
Total debt
+11.4%

Quarter to September 2026, against a year earlier

89.37 1.07 +1.21%
Market cap
$10.6B
P/E
13.8×
Fwd P/E
14.9×
Dividend yield
2.60%
F-score
5/9
Altman Z
3.94
Beneish M
−2.65
Dividend safety
79/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by regions Fiscal 2024

  • United States
  • Other, not broken out

Every year since 2017 →

Insider Decisions last twelve months

Sold, $m 0.36
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 1 — — — — — 1 — 2 —
Insider Ownership 2.08%

Capital & Financial Ratios $m

Size
Market Cap 10,590.00
Revenue ttm 10,981.00
Net income ttm 784.00
Free cash flow ttm 984.00
Net debt Q 4,076.00
Valuation
P/E 13.83
Forward P/E 14.90
Price / sales 0.97
Forward P/S Powerpack
Price / FCF 10.86
Price / book 8.59 (above 6: high)
Financial health
Current ratio Q 1.43
Debt / equity Q 3.55 (above 2: weak)
Interest coverage Q 4.71
Growth
Revenue growth Q −3.88% (below 0%: shrinking)
Operating income growth Q −13.43% (below 0%: shrinking)
EPS, this year +1.64%
EPS, next year A +2.38%
Revenue, next year A +1.37%
EPS, past 5 yrs +9.57%
EPS, next 5 yrs A +4.26%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.3×, against a ten-year median of 1.5×; over the ten years it ranged from 1.0× in 2026 to 2.3× in 2024.
P/E against its own 10 years 11.44%
10-year low 10-year high
P/S against its own 10 years 29.52%
10-year low 10-year high
P/B against its own 10 years 6.75%
10-year low 10-year high
EV/Sales against its own 10 years 37.07%
10-year low 10-year high
EV/FCF against its own 10 years 11.26%
10-year low 10-year high

Dividends raised every year since 2018

Yield
2.60%
Annual rate
2.32
Payout ratio
36.0%
Growth, 2018–26
+15.2%/yr
  1. 0.76 ’18
  2. 0.96 ’19 +26
  3. 1.24 ’20 +29
  4. 1.48 ’21 +19
  5. 1.72 ’22 +16
  6. 1.88 ’23 +9
  7. 2.04 ’24 +9
  8. 2.20 ’25 +8
  9. 2.36 ’26 +7
paid change on the year, % Powerpack

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 554 885 728 334
Receivables 2,047 2,271 2,063 2,348
Inventory — — — —
Other — — — —
2,739 3,313 2,961 2,884
2024 2025 2026 Q'26
Payables 1,051 987 909 1,239
ST’ Debt 62 83 19 19
Other 30 33 51 52
1,692 1,846 1,663 2,010

Compound Annual Growth %

10y 5y 3y
Sales 7.57% 7.37% 6.60%
Cash Flow 15.37% 7.69% 19.96%
Earnings 11.21% 6.92% 46.26%
Book Value 10.46% 0.62% 3.66%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY27 Estimate 1.44 Actual 1.76

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY26 1.26 1.77 Beat by 0.51
Q4 FY26 1.32 1.78 Beat by 0.46
Q1 FY27 1.49 1.81 Beat by 0.32
Q2 FY27 1.44 1.76 Beat by 0.32
Q3 FY27 1.47 — Reports 22 January 2027

EPS $

Jun Sep Dec Mar Year
’26 1.63 1.50 — — —
’26 2.16 1.42 1.63 1.68 6.90
’25 1.27 3.01 1.45 1.52 7.25
’24 1.22 1.29 1.11 0.98 4.59
’23 1.03 1.28 0.23 (0.52) 2.03
’22 0.67 1.14 0.95 0.68 3.44
’21 0.92 0.98 1.03 1.43 4.37
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 2,800 2,778 — — —
’26 2,924 2,890 2,620 2,783 11,217
’25 2,942 3,146 2,917 2,975 11,980
’24 2,654 2,666 2,570 2,771 10,662
’23 2,250 2,299 2,277 2,433 9,259
’22 1,989 2,106 2,031 2,238 8,364
’21 1,956 2,019 1,904 1,979 7,859
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 281 294 — — —
’26 119 421 261 240 1,041
’25 52 587 151 219 1,009
’24 (72) (47) 234 144 259
’23 (46) 273 139 237 603
’22 (11) 470 21 255 737
’21 140 426 233 (80) 719
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 261 263 — — —
’26 96 395 248 212 951
’25 20 563 134 194 911
’24 (82) (64) 211 127 192
’23 (59) 257 117 213 527
’22 (20) 450 (1) 227 657
’21 120 408 217 (110) 635
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 3.0% a year for ten years. It grew 15.5% a year over the last ten.

Implied
3.0%
10 years, reported
15.5%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.8
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Sep ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 5,809 6,168 6,704 7,464 7,859 8,364 9,259 10,662 11,980 11,217 10,981 +7.6% 11,371 11,895 12,360 +3.3%
Gross margin, % 53.89 53.53 53.75 54.73 53.46 53.37 53.50 53.85 54.77 52.71 52.55 (1.2) pt
EBT 426 430 515 579 662 604 368 854 1,219 862 863 +8.2%
EBT margin, % 7.33 6.97 7.69 7.76 8.43 7.22 3.97 8.01 10.18 7.68 7.86 +0.3 pt
Net income 261 302 419 483 609 467 271 606 935 851 784 +14.0%
Per share, $
Per share, $ Revenue 39.20 42.25 47.24 53.29 57.06 62.35 70.06 81.78 93.77 91.89 91.85 +9.9%
Earnings 1.69 2.08 2.94 3.43 4.40 3.46 2.05 4.61 7.28 6.92 6.46 +17.0%
Cash flow 2.58 2.53 3.52 3.94 5.22 5.49 4.56 1.99 7.90 8.53 9.00 +14.2%
Capex (0.36) (0.54) (0.67) (0.91) (0.61) (0.60) (0.58) (0.51) (0.77) (0.74) (0.77) +8.2%
Free cash flow 2.22 1.99 2.85 3.02 4.61 4.89 3.99 1.47 7.13 7.79 8.23 +15.0%
Book value 3.87 3.85 4.76 6.11 7.78 7.80 7.51 8.03 7.85 9.05 10.41 +9.9%
Shares, m 148 146 142 140 138 134 132 130 128 122 121 (2.1%)
Valuation, ×
Valuation, × P/E 20.94 18.21 20.04 20.07 18.30 25.39 45.66 32.40 14.37 11.28 13.83 22.7
P/S 0.90 0.90 1.24 1.29 1.41 1.41 1.32 1.82 1.12 0.85 0.97 1.2
P/B 9.15 9.83 12.34 11.23 10.35 11.26 12.35 18.56 13.32 8.62 8.59 11.7
EV/Sales 1.15 1.14 1.46 1.48 1.59 1.66 1.58 2.09 1.38 1.14 1.34 1.5
EV/FCF 20.38 24.29 24.23 26.12 19.63 21.15 27.81 116.10 18.08 13.39 15.00 31.1
Cash, $m
Cash, $m Operating cash flow 382 369 500 551 719 737 603 259 1,009 1,041 1,076 +11.8%
Capex (54) (78) (95) (128) (84) (80) (76) (67) (98) (90) (92) +5.9%
Free cash flow 328 291 405 423 635 657 527 192 911 951 984 +12.5%
Balance, $m
Balance, $m Working capital 193 463 520 1,001 1,345 912 391 1,047 1,467 1,298 874 +23.6%
Net debt 1,446 1,532 1,476 1,444 1,366 2,104 2,407 2,858 3,113 3,212 4,076 +9.3%
Shareholders’ equity 574 562 675 856 1,071 1,047 992 1,047 1,003 1,105 1,244 +7.6%
Returns, %
Returns, % ROA 8.17 8.64 11.25 11.19 11.83 8.10 4.33 9.24 13.48 11.79 10.14 +3.6 pt
ROIC 15.66 15.51 17.50 18.18 19.35 13.59 8.22 16.23 20.80 14.96 11.95 (0.7) pt
ROE 53.12 53.11 67.62 63.01 63.19 44.08 26.68 59.44 91.22 80.74 70.00 +27.6 pt
People
People Employees 23,300 24,600 26,100 27,200 27,700 29,300 31,900 34,200 35,800 31,500 — +3.4%
Revenue/emp, $m 0.25 0.25 0.26 0.27 0.28 0.29 0.29 0.31 0.33 0.36 — +4.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Booz Allen Hamilton builds technology products and solutions for government agencies and businesses. Its work spans artificial intelligence, cybersecurity, data, engineering and digital modernization. Horacio D. Rozanski is chairman and chief executive officer.

For defense customers, the company develops technologies such as autonomous and tactical systems, command and control systems, and tools for military personnel. For intelligence customers, it provides technology tailored to national security and cyber missions. For civil agencies, it helps modernize systems used in areas such as healthcare, homeland security, transportation and financial services.

Where the money comes from and where it goes Fiscal 2024

Fiscal 2024: revenue by regions, and margins
United States 10,489 98.37%
Other, not broken out 173 1.63%
Gross margin 53.85%
Operating margin 9.51%
Pre-tax margin 8.01%

Revenue by segment since 2017

Booz Allen Hamilton Holding Corporation vs peers in Consulting Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
VRSK Verisk Analytics, Inc. $27.5B 32.0× 27.3× +5.30% (above 0%: growing) +4.94% (above 0%: growing) −40.49% (below 0%: shrinking) 70.09% 45.15% Compare
EFX Equifax, Inc. $22.7B 31.3× 28.3× +9.55% (above 0%: growing) +38.46% (above 0%: growing) −0.23% (below 0%: shrinking) 55.55% 20.99% Compare
BAH Booz Allen Hamilton Holding Corporation $10.6B 13.8× 14.9× −3.88% (below 0%: shrinking) +5.63% (above 0%: growing) −33.42% (below 0%: shrinking) 52.02% 8.82%
FCN FTI Consulting, Inc. $5.3B 24.1× 23.1× +5.90% (above 0%: growing) −9.79% (below 0%: shrinking) −2.69% (below 0%: shrinking) 34.64% 8.87% Compare
HURN Huron Consulting Group Inc. $2.8B 25.7× 25.7× +11.37% (above 0%: growing) +1.98% (above 0%: growing) −42.44% (below 0%: shrinking) 32.24% 11.97% Compare
ICFI ICF International, Inc. $1.7B 17.8× 16.2× +1.09% (above 0%: growing) +37.21% (above 0%: growing) −29.12% (below 0%: shrinking) 38.08% 0.00% Compare
CRAI Charles River Associates $1.3B 24.9× 24.2× +15.61% (above 0%: growing) +27.49% (above 0%: growing) +103.95% (above 0%: growing) 29.10% 11.12% Compare
SBC SBC Medical Group Holdings Incorporated $516.3M 10.7× 11.3× +13.44% (above 0%: growing) +400.00% (above 0%: growing) +396.07% (above 0%: growing) 73.14% 38.55% Compare
ROMA Roma Green Finance Limited $373.5M — — — — +20.80% (above 0%: growing) — — Compare
Median of peers $2.2B 24.9× 24.2× +9.55% +27.49% −1.46% 38.08% 11.97%

All 23 Consulting Services stocks →

From the latest earnings call

Updated

  • CEO Horacio Rozanski said demand for cyber and defense technology remains high, while some civil procurements and award decisions continue to be delayed.
  • CFO Troy Lahr said national security funded backlog supports the company’s growth outlook, while the Ultra acquisition offsets some pressure in civil revenue.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
TD Cowen Oct 26, 2026 Upgrade Hold → Buy 77.00 → 95.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 96.16%
Held by the ten largest 52.82%
Holder Shares Stake Change
Vanguard 13.71m 11.40% −503.56k
BlackRock 13.27m 11.03% +781.82k
T. Rowe Price 9.69m 8.05% −2.94m
PRIMECAP Management 6.40m 5.32% +1.57m
Charles Schwab 3.99m 3.32% +381.77k
AQR Capital Management 3.95m 3.28% +3.06m
State Street 3.85m 3.20% +55.45k
First Trust 2.94m 2.44% +270.87k
JPMorgan Chase 2.87m 2.39% +70.09k
Black Creek Investment Management Inc. 2.86m 2.38% +206.18k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 11 June 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 13.80m 3.27m 106.00
2025 14.00m (2.72m) 166.00
2024 15.59m 48.24m 232.00
2023 12.18m 16.04m 142.00
2022 11.87m 9.94m 132.00

Ownership

Directors and executive officers, together 1.08%
Blackrock, Inc.50 Hudson YardsNew York, New York 10.93%
Vanguard Portfolio Management100 Vanguard BlvdMalvern, PA 6.60%
T. Rowe Price Investment Management, Inc.1307 Point StreetBaltimore, Maryland 5.45%
Vanguard Capital Management100 Vanguard BlvdMalvern, PA 5.27%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Booz Allen Hamilton Holding Corporation (BAH) Latest News

1 Nov

Impact 3 · · Simply Wall St.

27 Oct

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Impact 4 · · The Motley Fool transcript
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Impact 4 · · MarketBeat earnings
Impact 3 · · Zacks
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Impact 3 · · Associated Press
Impact 3 · · Trefis

21 Oct

Impact 3 · · StockStory

20 Oct

Impact 4 · · Zacks

16 Oct

Impact 3 · · Zacks

15 Oct

Impact 3 · · Zacks

9 Oct

Impact 4 · · PR Newswire
Impact 3 · · Trefis
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8 Oct

Impact 3 · · StockStory
Impact 3 · · Trefis

BAH metrics, ten years each

stockrow.com/BAH · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com