Saturday 17 October 2026 Export EXPO’s income statement to Excel — free account

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%

Follow EXPO

Alert me

Market cap: $3.4B
P/E: 32.2×
Fwd P/E: 26.3×
Dividend yield: 1.72%
F-score: 5/9
Altman Z: 8.32
Beneish M: −2.52
Dividend safety: 80/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.01

Total sells 2.96

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	1	—
Sell	1	1	1	2	1	—	5	1	1	1	—	—

Insider Ownership 3.76%

Capital & Financial Ratios $m

Market Cap 3,440.00

Revenue 632.46

Net Income 111.77

Free Cash Flow 108.56

Net Debt (66.63)

Current Ratio 1.98

Debt/Equity 0.00

P/E ratio 32.16

Fwd P/E 26.30

P/S ratio 5.53

P/B ratio 12.11

Past 5Y EPS Growth 5.96%

This Y EPS Growth 11.42%

Next Y EPS Growth 14.04%

Next Y revenue growth 5.17%

Next 5Y EPS Growth 11.39%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 14.82%

10-year low 10-year high

P/S against its own 10 years 20.94%

10-year low 10-year high

P/B against its own 10 years 65.65%

10-year low 10-year high

EV/Sales against its own 10 years 25.65%

10-year low 10-year high

EV/FCF against its own 10 years 36.71%

10-year low 10-year high

Dividends

Payout Ratio 0.55

Annual Dividend Rate 1.23

Annual Dividend Yield 1.72%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.24	0.31 0.31 0.31
2025	1.20	0.30 0.30 0.30 0.30
2024	1.12	0.28 0.28 0.28 0.28
2023	1.04	0.26 0.26 0.26 0.26
2022	0.96	0.24 0.24 0.24 0.24
2021	0.80	0.20 0.20 0.20 0.20
2020	0.76	0.19 0.19 0.19 0.19
2019	0.64	0.16 0.16 0.16 0.16
2018	0.46	0.13 0.07 0.13 0.13
2017	0.42	0.11 0.11 0.11 0.11
2016	0.36	0.09 0.09 0.09 0.09

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	187	259	222	67
Receivables	167	161	182	219
Inventory	—	—	—	—
Other	—	—	—	—
	380	447	428	312

	2023	2024	2025	Q'26
Payables	22	22	31	27
ST’ Debt	—	—	—	—
Other	—	—	—	—
	162	163	178	158

Compound Annual Growth %

	10y	5y	3y
Sales	6.41%	7.79%	4.28%
Cash Flow	8.09%	4.98%	11.98%
Earnings	9.29%	5.13%	1.18%
Book Value	4.04%	1.55%	6.76%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	166	172	—	—	—
’25	146	142	147	147	582
’24	145	141	136	137	559
’23	140	140	133	123	537
’22	128	130	127	127	513
’21	116	120	116	114	466
’20	106	92	99	103	400

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1)	31	—	—	—
’25	7	36	33	56	132
’24	10	48	30	56	145
’23	(7)	41	22	71	127
’22	(6)	30	29	41	94
’21	1	44	25	54	125
’20	(14)	48	28	41	103

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(3)	29	—	—	—
’25	6	34	30	53	122
’24	9	47	28	53	138
’23	(12)	35	19	69	111
’22	(9)	27	26	38	82
’21	(1)	42	24	53	118
’20	(15)	47	27	40	98

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.59	0.60	—	—	—
’25	0.52	0.52	0.55	0.49	2.07
’24	0.59	0.57	0.50	0.46	2.11
’23	0.56	0.50	0.48	0.41	1.94
’22	0.56	0.49	0.47	0.44	1.96
’21	0.58	0.48	0.46	0.38	1.90
’20	0.49	0.31	0.34	0.41	1.55

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	22.41	27.88	34.90	47.10	58.03	82.13	80.97	64.61	68.70	63.81	Analyst estimates 2026–2028 Powerpack
	High	32.40	38.58	54.58	72.70	91.01	127.61	118.93	112.75	115.75	97.57
People
People	Employees	1,023	1,075	1,122	1,201	1,168	1,215	1,313	1,320	1,168	1,212
	Revenue/emp, $m	0.31	0.32	0.34	0.35	0.34	0.38	0.39	0.41	0.48	0.48
Income, $m
Income, $m	Revenue	315	348	380	417	400	466	513	537	559	582
	Gross margin, %	94.96	94.79	93.44	93.81	94.63	93.26	90.36	92.63	92.83	92.22
	EBT	69	83	93	104	97	126	132	136	147	147
	EBT margin, %	21.94	23.72	24.59	24.97	24.24	26.99	25.76	25.32	26.39	25.31
	Net income	47	41	72	82	83	101	102	100	109	106
	Depreciation	6	6	6	6	7	6	7	9	10	10
Per share, $
Per share, $	Revenue	5.95	6.60	7.17	7.92	7.63	8.86	9.92	10.49	10.92	11.43
	Earnings	0.90	0.79	1.37	1.56	1.58	1.92	1.98	1.96	2.13	2.08
	Cash flow	1.26	1.29	1.72	2.05	1.97	2.37	1.81	2.49	2.83	2.59
	Capex	(0.27)	(0.09)	(0.31)	(0.44)	(0.10)	(0.13)	(0.23)	(0.32)	(0.14)	(0.18)
	Free cash flow	0.99	1.20	1.42	1.61	1.88	2.24	1.58	2.17	2.69	2.40
	Book value	5.16	5.48	5.93	6.65	6.90	7.93	6.20	6.96	8.24	7.67
	Shares, m	53	53	53	53	52	53	52	51	51	51
Valuation, ×
Valuation, ×	P/E	33.22	45.32	37.15	44.24	56.98	60.48	50.35	46.38	41.83	33.39
	P/S	5.03	5.39	7.07	8.72	11.79	13.17	10.00	8.66	8.16	6.08
	P/B	5.79	6.49	8.55	10.38	13.05	14.72	16.00	13.06	10.82	9.06
	EV/Sales	4.48	4.83	6.52	8.16	11.19	12.53	9.68	8.31	7.69	5.69
	EV/FCF	26.84	26.61	33.04	40.04	45.50	49.63	60.78	40.21	31.23	27.09
Cash, $m
Cash, $m	Operating cash flow	67	68	91	108	103	125	94	127	145	132
	Capex	(14)	(5)	(16)	(23)	(5)	(7)	(12)	(16)	(7)	(9)
	Free cash flow	53	63	75	85	98	118	82	111	138	122
Balance, $m
Balance, $m	Working capital	194	222	228	240	250	300	190	218	284	250
	Total debt	—	—	—	24	20	15	19	—	—	—
	Net debt	(174)	(196)	(209)	(232)	(243)	(298)	(161)	(187)	(259)	(222)
	Shareholders’ equity	273	289	314	350	361	417	321	356	421	390
Returns, %
Returns, %	ROA	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
	ROE	17.71	14.69	23.96	24.83	23.20	26.00	27.74	29.65	28.05	26.13

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
AGX Argan, Inc.	$5.2B	26.9×	58.0×	+61.51% (above 0%: growing)	+47.86% (above 0%: growing)	+178.70% (above 0%: growing)	19.33%	14.79%	Compare
LGN Legence Corp.	$4.9B	— (loss-making)	13.0×	+110.74% (above 0%: growing)	n/m	+106.83% (above 0%: growing)	17.45%	(0.52%)	Compare
GVA Granite Construction Incorporated	$4.8B	— (loss-making)	26.2×	+29.30% (above 0%: growing)	n/m	+755.66% (above 0%: growing)	16.40%	8.71%	Compare
ROAD Construction Partners, Inc.	$4.7B	32.2×	38.5×	+28.25% (above 0%: growing)	+33.75% (above 0%: growing)	−19.66% (below 0%: shrinking)	16.85%	10.94%	Compare
KBR KBR, Inc.	$4.6B	11.0×	9.6×	+1.64% (above 0%: growing)	+33.93% (above 0%: growing)	−83.25% (below 0%: shrinking)	14.77%	8.67%	Compare
MYRG MYR Group, Inc.	$4.5B	26.4×	39.8×	+20.15% (above 0%: growing)	+88.24% (above 0%: growing)	−283.31% (below 0%: shrinking)	13.19%	6.28%	Compare
TPC Tutor Perini Corporation	$4.1B	32.9×	19.8×	+19.17% (above 0%: growing)	+228.95% (above 0%: growing)	−35.14% (below 0%: shrinking)	12.91%	7.19%	Compare
PRIM Primoris Services Corporation	$4.0B	28.4×	30.5×	−10.71% (below 0%: shrinking)	n/m	−149.14% (below 0%: shrinking)	4.88%	(1.59%)	Compare
EXPO Exponent, Inc.	$3.4B	32.2×	26.3×	+20.89% (above 0%: growing)	+15.38% (above 0%: growing)	−14.24% (below 0%: shrinking)	86.74%	16.33%
Median of peers	$4.7B	27.6×	28.4×	+24.20%	+47.86%	−27.40%	15.59%	7.93%

All 51 Engineering & Construction stocks →

Exponent, Inc. (EXPO) key facts

Concern: Net income was $106.0 million, or $2.08 per share (basic), a net margin of 18.2%.
Strength: Exponent, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $582.0 million, up 4.21% from fiscal 2024.
Exponent, Inc. (EXPO) is an Engineering & Construction company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, EXPO traded at $71.72, a market capitalization of $3.4 billion.
At that price the stock trades at 32.2× trailing-twelve-month earnings and 5.5× sales; its P/E is higher than 15% of its own readings over the past ten years.
Exponent, Inc. pays an annual dividend of $1.23 per share, a yield of 1.72%, with a payout ratio of 55.2%.
Return on equity was 26.1% and debt-to-equity 0.00.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 8.32 (safe zone) for fiscal 2025.