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
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
P/E ratio
20.46 24.01 24.37 23.16 21.85 18.84 18.79 16.41 15.16 21.22
Piotroski F-Score
5 6 6 6 8 5 8 9 5 6
Altman Z-Score
4.28 5.59 5.57 4.38 4.28 3.91 4.05 3.55 2.75 2.92
P/S ratio
1.47 1.82 1.91 1.80 1.85 1.62 1.73 1.22 0.94 1.01
P/FCF ratio
59.37 18.71 38.17 40.26 17.91 13.61 23.11 12.46 14.66 8.92
Altman Z″-Score (non-manufacturers)
4.54 6.21 5.69 5.13 4.94 4.60 4.94 4.98 4.12 4.25
Beneish M-Score
(2.41) (2.73) (2.16) (2.32) (2.57) (2.61) (2.28) (2.59) (2.46) (2.81)
P/Operating CF
15.45 21.34 17.44 23.79 25.75 21.37 28.86 17.12 13.72 14.97
P/B ratio
3.21 2.98 3.37 3.24 3.25 2.84 2.73 1.83 1.42 1.51
Price to Tangible BV
11.64 6.63 9.17 12.73 16.13 32.14 16.41 17.43 0.00 0.00
EV/Sales
1.57 1.74 1.99 1.84 1.89 1.73 1.82 1.34 1.06 1.10
EV/EBITDA
11.63 14.37 15.32 14.58 14.20 12.66 12.01 10.04 12.55 10.28
EV/Operating CF
39.14 16.26 30.89 29.53 14.73 13.04 19.61 11.80 12.96 8.50
EV/FCF
63.61 17.86 39.62 41.15 18.26 14.60 24.27 13.72 16.54 9.71
Quick Ratio
1.34 1.80 1.60 1.80 1.74 1.50 1.74 1.80 1.74 1.83
Current Ratio
1.56 1.95 1.74 1.96 1.91 1.69 1.92 2.00 1.94 2.07
Net Debt/EBITDA
0.20 (1.48) (0.73) (0.46) (0.53) (0.03) (0.26) (0.17) 1.35 0.77
Debt/Assets
10.46% 0.00% 0.00% 9.72% 9.58% 10.30% 9.90% 11.16% 17.56% 16.43%
Debt/Equity
0.21 0.00 0.00 0.19 0.19 0.20 0.19 0.20 0.33 0.30
Asset Turnover
1.07 1.07 1.06 0.96 0.94 0.89 0.91 0.87 0.81 0.81
Operating CF/Net income
0.56 1.41 0.82 0.80 1.51 1.55 1.01 1.53 1.37 2.73
Capex/Depreciation
(0.48) (0.36) (0.66) (0.68) (1.21) (0.64) (0.83) (0.71) (0.73) (0.57)
Interest Coverage
18.18 49.97 26.35 30.25 15.38 14.27 15.91 8.32 4.29 5.73
ROE
13.57% 13.21% 15.01% 14.43% 15.75% 14.58% 15.27% 11.86% 9.00% 7.26%
ROA
7.64% 8.09% 8.37% 7.43% 7.99% 7.58% 8.40% 6.50% 4.82% 3.84%
ROIC
13.26% 13.59% 14.28% 12.62% 14.07% 12.70% 13.69% 10.85% 4.86% 6.55%
Return on Tangible Assets
38.06% 26.98% 33.43% 26.33% 29.59% 37.54% 32.85% 26.55% 23.52% 18.33%
Average Days of Receivables
99.96 100.68 115.29 107.99 99.15 105.49 107.57 99.82 105.57 95.75
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
21.10% 22.23% 21.53% 21.17% 19.37% 19.84% 21.43% 22.96% 23.90% 24.12%
Intangible Assets out of Total Assets
0.36 0.35 0.38 0.39 0.41 0.46 0.45 0.51 0.55 0.55
Share Based Compensation of Revenue
1.04% 1.04% 0.85% 0.84% 0.83% 0.93% 0.76% 0.77% 0.89% 0.93%
Graham Net Nets
(0.04) 0.07 0.03 (0.01) (0.03) (0.06) (0.03) (0.03) (0.16) (0.13)
Graham Number
100.06 107.18 103.05 88.60 86.42 72.44 73.26 57.63 44.75 37.33
Earnings Yield
4.89% 4.16% 4.10% 4.32% 4.58% 5.31% 5.32% 6.09% 6.60% 4.71%
Free Cash Flow Yield
1.68% 5.35% 2.62% 2.48% 5.58% 7.35% 4.33% 8.03% 6.82% 11.21%
Revenue per Share
116.47 105.05 102.85 89.90 82.90 69.13 63.98 54.66 46.72 44.22
Operating CF per Share
4.68 11.22 6.62 5.60 10.61 9.19 5.93 6.22 3.81 5.70
Capex per Share
(1.80) (1.01) (1.46) (1.58) (2.05) (0.98) (1.14) (0.87) (0.83) (0.71)
Free Cash Flow per Share
2.88 10.22 5.16 4.02 8.56 8.21 4.79 5.35 2.99 5.00
Cash per Share
8.15 18.76 9.69 14.59 14.77 8.28 10.04 8.41 4.91 5.28
Shareholders Equity per Share
53.29 64.14 58.41 49.91 47.28 39.33 40.49 36.36 30.80 29.49
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
53.29 64.14 58.41 49.91 47.28 39.33 40.49 36.36 30.80 29.49
Free Cash Flow
93.60 359.69 174.98 135.48 286.82 292.22 176.07 198.40 115.62 204.55
Working Capital
542.44 887.76 662.68 741.11 651.91 459.54 566.12 482.78 383.85 404.72
Capital Expenditures
(58.53) (35.41) (49.48) (53.32) (68.66) (34.85) (41.81) (32.27) (32.00) (28.93)
Net Current Asset Value
(239.17) 480.97 211.00 (49.08) (147.56) (247.47) (115.34) (64.94) (271.09) (234.84)
EV/EBIT
15.30 18.50 18.36 18.35 16.78 15.09 13.98 12.05 17.59 13.96
Capex to Sales
0.02 0.01 0.01 0.02 0.02 0.01 0.02 0.02 0.02 0.02
Price to Operating Income
14.28 19.37 17.69 17.95 16.47 14.07 13.32 10.94 15.59 12.84
Other line items
Depreciation/Fixed assets
0.73 0.66 0.47 0.51 0.40 0.53 0.54 0.53 0.58 0.82
Cash ROIC
3.96% 12.32% 7.57% 5.44% 12.08% 14.75% 8.25% 10.30% 6.50% 11.43%
Accounts Receivable Turnover
3.68 3.49 3.49 3.67 3.79 3.50 3.77 3.76 3.62 3.71
Accounts Payable Turnover
11.94 11.23 11.84 12.19 11.43 10.17 11.65 13.32 13.34 13.67
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
29.28 32.54 34.69 30.73 31.45 37.11 37.80 28.75 28.49 26.32
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
1,028.93 1,061.16 999.15 825.14 732.74 702.36 623.99 538.74 498.89 487.34
Average Payables
215.32 224.08 198.86 169.49 167.55 164.50 131.77 99.74 91.10 88.58
Average Assets
3,543.68 3,461.35 3,283.64 3,171.16 2,939.14 2,780.25 2,581.13 2,318.18 2,241.30 2,227.19
Average Common Equity
1,996.01 2,119.86 1,831.57 1,632.52 1,491.75 1,444.66 1,418.98 1,270.40 1,199.66 1,177.48

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Columns are period end dates