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FTI Consulting, Inc.

FCN Industrials Consulting Services

FTI Consulting, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.8 billion, up 2.44% from fiscal 2024.

Revenue
+5.90%
EPS
−9.79%
Free cash flow
−2.69%
Total debt
+66.9%

Quarter to September 2026, against a year earlier

195.51 2.81 −1.42%
Market cap
$5.3B
P/E
24.1×
Fwd P/E
23.1×
Dividend yield
—
F-score
5/9
Altman Z
4.28
Beneish M
−2.41
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 2.08
Sold, $m 0.97
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — 3 — — — — — —
Sell — — — — — — — — 1 — — 1
Insider Ownership 0.53%

Capital & Financial Ratios $m

Size
Market Cap 5,340.00
Revenue ttm 3,980.12
Net income ttm 233.42
Free cash flow ttm 353.71
Net debt Q 763.29
Valuation
P/E 24.13
Forward P/E 23.10
Price / sales 1.31
Forward P/S Powerpack
Price / FCF 14.78
Price / book 3.95
Financial health
Current ratio Q 1.72 (at or above 1.5: strong)
Debt / equity Q 0.64
Interest coverage Q 6.74
Growth
Revenue growth Q +5.90% (above 0%: growing)
Operating income growth Q −23.65% (below 0%: shrinking)
EPS, this year +11.17%
EPS, next year A +13.45%
Revenue, next year A +5.57%
EPS, past 5 yrs +7.76%
EPS, next 5 yrs A +11.35%

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 1.6×, against a ten-year median of 1.7×; over the ten years it ranged from 0.9× in 2017 to 2.4× in 2023.
P/E against its own 10 years 78.00%
10-year low 10-year high
P/S against its own 10 years 31.83%
10-year low 10-year high
P/B against its own 10 years 98.83%
10-year low 10-year high
EV/Sales against its own 10 years 37.37%
10-year low 10-year high
EV/FCF against its own 10 years 37.66%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 329 660 265 88
Receivables 1,102 1,020 1,038 1,197
Inventory — — — —
Other — — — —
1,555 1,820 1,518 1,544
2023 2024 2025 Q'26
Payables 224 224 206 227
ST’ Debt — — — —
Other 68 68 57 65
893 932 975 900

Compound Annual Growth %

10y 5y 3y
Sales 7.85% 9.01% 7.75%
Cash Flow 0.84% (14.19%) (6.94%)
Earnings 15.16% 5.15% 4.77%
Book Value 4.21% 4.37% 1.02%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 2.65 Actual 3.84

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.39 1.78 Beat by 0.39
Q1 FY26 2.11 1.90 Miss by 0.21
Q2 FY26 2.09 2.16 Beat by 0.07
Q3 FY26 2.65 3.84 Beat by 1.19
Q4 FY26 2.57 — Reports 25 February 2027

EPS $

Mar Jun Sep Dec Year
’26 1.90 1.99 2.35 — —
’25 1.74 2.13 2.60 1.78 8.24
’24 2.23 2.34 1.85 1.38 7.81
’23 1.34 1.75 2.34 2.28 7.71
’22 1.66 1.43 2.15 1.33 6.58
’21 1.84 1.77 1.96 1.07 6.65
’20 1.49 1.27 1.35 1.57 5.67
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 983 993 1,013 — —
’25 898 944 956 991 3,789
’24 929 949 926 895 3,699
’23 807 865 893 925 3,489
’22 724 755 776 774 3,029
’21 686 711 702 676 2,776
’20 605 608 622 627 2,461
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (310) 152 190 — —
’25 (465) 56 202 360 152
’24 (275) 135 219 315 395
’23 (254) (11) 107 383 224
’22 (204) 35 128 229 189
’21 (167) 126 197 200 355
’20 (124) 153 112 186 327
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (321) 141 182 — —
’25 (483) 38 187 351 94
’24 (279) 125 212 302 360
’23 (272) (22) 92 377 175
’22 (216) 22 115 215 135
’21 (175) 106 172 183 287
’20 (132) 147 100 176 292
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,810 1,808 2,028 2,353 2,461 2,776 3,029 3,489 3,699 3,789 3,980 +8.6% 4,000 4,233 4,473 +5.7%
Gross margin, % 33.12 32.76 34.51 34.76 32.04 31.00 31.79 32.53 31.96 32.13 32.20 (1.0) pt
EBT 128 87 208 288 262 298 298 358 351 371 316 +12.6%
EBT margin, % 7.06 4.82 10.25 12.26 10.66 10.73 9.83 10.27 9.48 9.79 7.93 +2.7 pt
Net income 86 108 151 217 211 235 236 275 280 271 233 +13.7%
Per share, $
Per share, $ Revenue 44.22 46.72 54.66 63.98 69.13 82.90 89.90 102.85 105.05 116.47 148.83 +11.4%
Earnings 2.09 2.79 4.06 5.89 5.92 7.02 6.99 8.10 7.96 8.33 8.10 +16.6%
Cash flow 5.70 3.81 6.22 5.93 9.19 10.61 5.60 6.62 11.22 4.68 14.67 (2.2%)
Capex (0.71) (0.83) (0.87) (1.14) (0.98) (2.05) (1.58) (1.46) (1.01) (1.80) (1.45) +10.9%
Free cash flow 5.00 2.99 5.35 4.79 8.21 8.56 4.02 5.16 10.22 2.88 13.23 (5.9%)
Book value 29.49 30.80 36.36 40.49 39.33 47.28 49.91 58.41 64.14 53.29 49.48 +6.8%
Shares, m 41 39 37 37 36 33 34 34 35 33 29 (2.5%)
Valuation, ×
Valuation, × P/E 21.22 15.16 16.41 18.79 18.84 21.85 23.16 24.37 24.01 20.46 24.13 20.4
P/S 1.01 0.94 1.22 1.73 1.62 1.85 1.80 1.91 1.82 1.47 1.31 1.5
P/B 1.51 1.42 1.83 2.73 2.84 3.25 3.24 3.37 2.98 3.21 3.95 2.6
EV/Sales 1.10 1.06 1.34 1.82 1.73 1.89 1.84 1.99 1.74 1.57 1.58 1.6
EV/FCF 9.71 16.54 13.72 24.27 14.60 18.26 41.15 39.62 17.86 63.61 17.78 25.9
Cash, $m
Cash, $m Operating cash flow 233 148 231 218 327 355 189 224 395 152 392 (4.6%)
Capex (29) (32) (32) (42) (35) (69) (53) (49) (35) (59) (39) +8.1%
Free cash flow 205 116 198 176 292 287 135 175 360 94 354 (8.3%)
Balance, $m
Balance, $m Working capital 405 384 483 566 460 652 741 663 888 542 645 +3.3%
Net debt 149 206 (46) (94) (9) (197) (177) (329) (660) 100 763 (4.4%)
Shareholders’ equity 1,207 1,192 1,349 1,489 1,400 1,583 1,682 1,981 2,258 1,734 1,323 +4.1%
Returns, %
Returns, % ROA 3.84 4.82 6.50 8.40 7.58 7.99 7.43 8.37 8.09 7.64 6.72 +3.8 pt
ROIC 6.55 4.86 10.85 13.69 12.70 14.07 12.62 14.28 13.59 13.26 10.55 +6.7 pt
ROE 7.26 9.00 11.86 15.27 14.58 15.75 14.43 15.01 13.21 13.57 15.19 +6.3 pt
People
People Employees 4,718 4,609 4,768 5,567 6,321 6,780 7,635 7,990 8,374 8,118 — +6.2%
Revenue/emp, $m 0.38 0.39 0.43 0.42 0.39 0.41 0.40 0.44 0.44 0.47 — +2.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

FTI Consulting, Inc. 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% Compare
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%
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% −14.68% 52.02% 11.97%

All 23 Consulting Services stocks →

Pay and ownership Proxy statement filed 21 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 10.27m 5.95m 152.91
2024 8.99m 6.21m 171.08
2023 9.37m 14.81m 178.26
2022 9.14m 12.37m 142.14
2021 7.91m 13.64m 137.33

Ownership

Directors and executive officers, together 1.80%
The Vanguard Group, Inc. 11.80%
Kayne Anderson Rudnick Investment Management, LLC 11.20%
BlackRock, Inc. 10.20%
Mawer Investment Management Ltd. 7.70%
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

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FCN metrics, ten years each

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