Saturday 17 October 2026
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Exponent, Inc.
EXPO Industrials Engineering & Construction
Exponent, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $582.0 million, up 4.21% from fiscal 2024. In the quarter to June 2026, revenue grew 20.9%, EPS grew 15.4% and free cash flow fell 14.2%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five; insiders bought in the last twelve months.
71.72
0.56
−0.77%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
33.22 | 45.32 | 37.15 | 44.24 | 56.98 | 60.48 | 50.35 | 46.38 | 41.83 | 33.39 |
Piotroski F-Score |
8 | 6 | 6 | 7 | 7 | 6 | 6 | 9 | 7 | 5 |
P/S ratio |
5.03 | 5.39 | 7.07 | 8.72 | 11.79 | 13.17 | 10.00 | 8.66 | 8.16 | 6.08 |
Altman Z-Score |
10.22 | 10.38 | 13.44 | 12.94 | 15.64 | 16.53 | 14.88 | 12.34 | 10.46 | 8.33 |
Altman Z″-Score (non-manufacturers) |
8.73 | 8.69 | 9.01 | 7.76 | 7.89 | 7.87 | 7.94 | 7.54 | 7.29 | 7.00 |
P/FCF ratio |
30.14 | 29.72 | 35.82 | 42.77 | 47.97 | 52.16 | 62.75 | 41.90 | 33.11 | 28.90 |
P/Operating CF |
53.31 | 45.90 | 60.48 | 65.20 | 115.42 | 113.33 | 126.47 | 65.21 | 81.27 | 63.61 |
Beneish M-Score |
(2.67) | (2.61) | (2.64) | (2.49) | (2.67) | (2.46) | (2.19) | (2.71) | (2.64) | (2.52) |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 80 |
P/B ratio |
5.79 | 6.49 | 8.55 | 10.38 | 13.05 | 14.72 | 16.00 | 13.06 | 10.82 | 9.06 |
Price to Tangible BV |
5.98 | 6.69 | 8.79 | 10.64 | 13.37 | 15.04 | 16.44 | 13.38 | 11.04 | 9.26 |
EV/Sales |
4.48 | 4.83 | 6.52 | 8.16 | 11.19 | 12.53 | 9.68 | 8.31 | 7.69 | 5.69 |
EV/EBITDA |
20.73 | 21.44 | 25.34 | 37.25 | 49.73 | 50.64 | 33.59 | 37.12 | 33.24 | 25.52 |
EV/Operating CF |
21.07 | 24.76 | 27.13 | 31.51 | 43.31 | 46.91 | 52.97 | 35.05 | 29.73 | 25.16 |
EV/FCF |
26.84 | 26.61 | 33.04 | 40.04 | 45.50 | 49.63 | 60.78 | 40.21 | 31.23 | 27.09 |
Quick Ratio |
3.25 | 3.29 | 3.20 | 2.84 | 3.02 | 2.86 | 2.09 | 2.19 | 2.58 | 2.27 |
Current Ratio |
3.42 | 3.39 | 3.32 | 2.94 | 3.13 | 2.96 | 2.20 | 2.34 | 2.74 | 2.40 |
Net Debt/EBITDA |
(2.55) | (2.51) | (2.14) | (2.53) | (2.70) | (2.58) | (1.09) | (1.56) | (2.00) | (1.71) |
Debt/Assets |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
0.80 | 0.82 | 0.84 | 0.81 | 0.70 | 0.74 | 0.81 | 0.87 | 0.78 | 0.75 |
Operating CF/Net income |
1.41 | 1.64 | 1.26 | 1.31 | 1.25 | 1.23 | 0.92 | 1.27 | 1.33 | 1.24 |
Capex/Depreciation |
(2.35) | (0.75) | (2.64) | (3.66) | (0.74) | (1.05) | (1.70) | (1.83) | (0.72) | (0.93) |
| 17.71% | 14.69% | 23.96% | 24.83% | 23.20% | 26.00% | 27.74% | 29.65% | 28.05% | 26.13% | |
| 12.00% | 9.80% | 15.91% | 15.98% | 14.44% | 16.02% | 16.11% | 16.27% | 15.31% | 13.64% | |
ROIC |
38.84% | 48.58% | 54.25% | 44.83% | 43.73% | 57.03% | 55.26% | 41.19% | 46.08% | 44.45% |
Return on Tangible Assets |
20.60% | 16.05% | 26.33% | 27.33% | 26.69% | 28.13% | 40.02% | 34.25% | 30.56% | 32.97% |
Average Days of Receivables |
101.26 | 115.55 | 101.76 | 105.11 | 101.83 | 109.48 | 120.97 | 113.80 | 105.48 | 113.83 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
66.30% | 65.57% | 61.28% | 65.37% | 65.75% | 62.91% | 56.09% | 64.15% | 63.16% | 63.15% |
Intangible Assets out of Total Assets |
0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Share Based Compensation of Revenue |
4.23% | 4.64% | 4.48% | 4.19% | 4.32% | 4.13% | 3.97% | 3.79% | 4.16% | 4.09% |
Graham Net Nets |
0.09 | 0.09 | 0.06 | 0.04 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 |
Graham Number |
10.22 | 9.84 | 13.50 | 15.27 | 15.66 | 18.55 | 16.58 | 17.52 | 19.87 | 18.94 |
Earnings Yield |
3.01% | 2.21% | 2.69% | 2.26% | 1.75% | 1.65% | 1.99% | 2.16% | 2.39% | 2.99% |
Free Cash Flow Yield |
3.32% | 3.36% | 2.79% | 2.34% | 2.08% | 1.92% | 1.59% | 2.39% | 3.02% | 3.46% |
Revenue per Share |
5.95 | 6.60 | 7.17 | 7.92 | 7.63 | 8.86 | 9.92 | 10.49 | 10.92 | 11.43 |
Operating CF per Share |
1.26 | 1.29 | 1.72 | 2.05 | 1.97 | 2.37 | 1.81 | 2.49 | 2.83 | 2.59 |
Capex per Share |
(0.27) | (0.09) | (0.31) | (0.44) | (0.10) | (0.13) | (0.23) | (0.32) | (0.14) | (0.18) |
Free Cash Flow per Share |
0.99 | 1.20 | 1.42 | 1.61 | 1.88 | 2.24 | 1.58 | 2.17 | 2.69 | 2.40 |
Cash per Share |
3.28 | 3.73 | 3.94 | 4.40 | 4.63 | 5.66 | 3.12 | 3.66 | 5.06 | 4.36 |
Shareholders Equity per Share |
5.16 | 5.48 | 5.93 | 6.65 | 6.90 | 7.93 | 6.20 | 6.96 | 8.24 | 7.67 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
5.16 | 5.48 | 5.93 | 6.65 | 6.90 | 7.93 | 6.20 | 6.96 | 8.24 | 7.67 |
Free Cash Flow |
52.55 | 63.11 | 74.89 | 85.02 | 98.33 | 117.74 | 81.76 | 111.00 | 137.60 | 122.34 |
Working Capital |
193.81 | 222.40 | 228.31 | 240.08 | 249.52 | 299.78 | 190.13 | 217.62 | 283.70 | 249.58 |
Capital Expenditures |
(14.39) | (4.72) | (16.30) | (23.04) | (4.99) | (6.83) | (12.04) | (16.36) | (6.94) | (9.39) |
Net Current Asset Value |
143.65 | 165.01 | 171.59 | 150.88 | 148.23 | 186.09 | 83.25 | 88.84 | 90.68 | 40.40 |
EV/EBIT |
22.78 | 23.31 | 27.05 | 40.00 | 53.74 | 53.65 | 35.28 | 40.09 | 35.94 | 27.66 |
Capex to Sales |
0.05 | 0.01 | 0.04 | 0.06 | 0.01 | 0.01 | 0.02 | 0.03 | 0.01 | 0.02 |
Price to Operating Income |
25.58 | 26.04 | 29.34 | 42.72 | 56.66 | 56.38 | 36.43 | 41.77 | 38.10 | 29.52 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.17 | 0.18 | 0.13 | 0.10 | 0.11 | 0.11 | 0.11 | 0.12 | 0.13 | 0.14 |
Cash ROIC |
11.76% | 13.00% | 14.33% | 14.61% | 16.28% | 16.47% | 16.96% | 20.43% | 20.24% | 19.98% |
Accounts Receivable Turnover |
3.58 | 3.52 | 3.52 | 3.69 | 3.45 | 3.71 | 3.31 | 3.18 | 3.40 | 3.39 |
Accounts Payable Turnover |
1.54 | 1.46 | 1.84 | 1.67 | 1.23 | 1.54 | 1.85 | 1.54 | 1.81 | 1.71 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
231.54 | 296.69 | 180.17 | 262.81 | 277.33 | 284.67 | 214.80 | 204.05 | 201.87 | 249.57 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
87.99 | 98.75 | 107.96 | 112.98 | 115.85 | 125.71 | 154.99 | 168.74 | 164.38 | 171.46 |
Average Payables |
10.33 | 12.41 | 13.51 | 15.43 | 17.46 | 20.42 | 26.81 | 25.62 | 22.13 | 26.54 |
Average Assets |
395.63 | 421.67 | 454.26 | 516.17 | 571.75 | 631.92 | 635.20 | 616.72 | 712.02 | 777.39 |
Average Common Equity |
268.08 | 281.22 | 301.50 | 332.08 | 355.87 | 389.28 | 368.91 | 338.42 | 388.58 | 405.70 |
Columns are period end dates