Pricing Log in Create free account
Saturday 17 October 2026 Export FCN’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 5.28%, EPS fell 6.94%, free cash flow grew 268.5% and total debt rose 116.9%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.

148.53 2.29 +1.57%
Market cap
$4.0B
P/E
17.8×
Fwd P/E
17.5×
Dividend yield
—
F-score
5/9
Altman Z
4.28
Beneish M
−2.41
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

FTI Consulting, Inc. (FCN) Business Profile

Updated before January 2025

Company Overview

FTI Consulting, Inc. (NYSE: FCN) is a global business advisory firm headquartered in Washington, D.C., United States. The company was founded in 1982 by Joseph Reynolds and Dan Luczak as Forensic Technologies International. Initially, the firm specialized in providing expert witness services and forensic consulting. Over the years, FTI Consulting expanded its service offerings and geographic footprint, becoming a leading player in the business advisory and consulting space. Today, the company operates in over 30 countries and employs more than 7,700 professionals worldwide.

FTI Consulting is led by a team of seasoned executives. Steven H. Gunby serves as the President and Chief Executive Officer, a role he has held since 2014. Under his leadership, the company has focused on delivering high-value advisory services and expanding its global presence. Other key members of the leadership team include Ajay Sabherwal, the Chief Financial Officer, and Holly Paul, the Chief Human Resources Officer.

Core Business Segments

FTI Consulting operates through five primary business segments, each offering specialized services to address complex business challenges:

1. Corporate Finance & Restructuring

This segment provides financial advisory services to companies facing operational, financial, or strategic challenges. Key offerings include:

  • Restructuring and turnaround services
  • Bankruptcy and insolvency advisory
  • Mergers and acquisitions (M&A) advisory
  • Valuation and financial modeling

2. Forensic and Litigation Consulting

FTI Consulting is renowned for its expertise in forensic investigations and litigation support. Services under this segment include:

  • Fraud investigations
  • Dispute advisory and expert witness services
  • Regulatory compliance consulting
  • Data analytics and e-discovery solutions

3. Economic Consulting

This segment offers economic analysis and expert testimony for legal and regulatory matters. Key services include:

  • Antitrust and competition economics
  • Intellectual property valuation
  • Securities litigation support
  • Public policy analysis

4. Technology

The Technology segment focuses on providing software and services to manage and analyze large volumes of data. Key offerings include:

  • E-discovery and document review solutions
  • Data privacy and cybersecurity consulting
  • Information governance and compliance

5. Strategic Communications

This segment helps clients manage their corporate reputation and navigate complex stakeholder issues. Services include:

  • Crisis communications
  • Investor relations
  • Public affairs and government relations
  • Media training and messaging

Business Model

FTI Consulting operates on a client-centric business model, offering tailored solutions to meet the unique needs of its clients. The company generates revenue primarily through consulting fees, which are billed on an hourly or project basis. Additionally, FTI Consulting leverages its proprietary technology platforms and software solutions to provide value-added services.

The firm’s integrated approach combines deep industry expertise with advanced analytics and technology. This enables FTI Consulting to deliver actionable insights and measurable results for its clients. The company serves a diverse client base, including corporations, law firms, government agencies, and non-profit organizations.

Strategic Direction

FTI Consulting has outlined several strategic priorities to drive future growth:

  1. Geographic Expansion: The company aims to strengthen its presence in key international markets, particularly in Asia-Pacific and Europe.
  2. Service Innovation: FTI Consulting is investing in technology and innovation to enhance its service offerings, particularly in areas like cybersecurity, data analytics, and artificial intelligence.
  3. Sustainability Goals: The company is committed to reducing its environmental footprint and promoting sustainable business practices.
  4. Talent Development: FTI Consulting continues to invest in attracting and retaining top talent to maintain its competitive edge.

Competitive Landscape

FTI Consulting operates in a highly competitive industry, facing competition from both global consulting firms and specialized boutique firms. Key competitors include:

  • McKinsey & Company: A global management consulting firm offering a wide range of advisory services.
  • Deloitte: A Big Four accounting firm with a strong presence in consulting and advisory services.
  • AlixPartners: A boutique consulting firm specializing in turnaround and restructuring services.
  • Navigant Consulting: Focused on healthcare, energy, and financial services consulting.

Despite the competition, FTI Consulting differentiates itself through its deep industry expertise, integrated service offerings, and global reach.

Risk Factors

FTI Consulting faces several risks that could impact its business operations and financial performance:

  1. Economic Uncertainty: A global economic downturn could reduce demand for consulting services.
  2. Regulatory Changes: Changes in laws and regulations could affect the company’s operations and client base.
  3. Talent Retention: The consulting industry is highly dependent on skilled professionals, and retaining top talent is a constant challenge.
  4. Cybersecurity Threats: As a provider of technology and data services, FTI Consulting is exposed to cybersecurity risks.
  5. Market Dependence: The company’s reliance on specific industries or geographic regions could pose risks if those markets experience a downturn.

Recent Developments

FTI Consulting has made several strategic moves in recent years:

  • Acquisitions: The company has acquired several boutique consulting firms to expand its service offerings and geographic footprint.
  • Technology Investments: FTI Consulting has launched new technology platforms to enhance its e-discovery and data analytics capabilities.
  • Global Expansion: The company has opened new offices in Asia-Pacific and Europe to better serve its international clients.
  • Sustainability Initiatives: FTI Consulting has implemented measures to reduce its carbon footprint and promote sustainable business practices.

Investment Considerations

Strengths:

  • Diversified service offerings across multiple industries and geographies
  • Strong brand reputation and client relationships
  • Robust financial performance with consistent revenue growth
  • Focus on innovation and technology-driven solutions

Risks:

  • Exposure to economic and regulatory uncertainties
  • Intense competition in the consulting industry
  • Dependence on key personnel and talent retention
  • Vulnerability to cybersecurity threats

Conclusion

FTI Consulting, Inc. is a leading global business advisory firm with a strong track record of delivering high-value solutions to its clients. The company’s diversified service offerings, global presence, and focus on innovation position it well for future growth. While challenges such as economic uncertainty and talent retention remain, FTI Consulting’s strategic initiatives and commitment to excellence make it a compelling choice for clients and investors alike.