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%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 29.91 | 31.65 | 39.57 | 63.83 | 94.87 | 105.07 | 132.36 | 154.60 | 185.93 | 149.31 |
Analyst estimates 2026–2028 Powerpack |
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| High | 47.12 | 45.63 | 81.91 | 118.23 | 144.10 | 155.82 | 190.43 | 232.15 | 243.60 | 204.69 | |||||
| People | |||||||||||||||
| People | Employees | 4,718 | 4,609 | 4,768 | 5,567 | 6,321 | 6,780 | 7,635 | 7,990 | 8,374 | 8,118 | ||||
| Revenue/emp, $m | 0.38 | 0.39 | 0.43 | 0.42 | 0.39 | 0.41 | 0.40 | 0.44 | 0.44 | 0.47 | |||||
| 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 | ||||
| Gross margin, % | 33.12 | 32.76 | 34.51 | 34.76 | 32.04 | 31.00 | 31.79 | 32.53 | 31.96 | 32.13 | |||||
| EBT | 128 | 87 | 208 | 288 | 262 | 298 | 298 | 358 | 351 | 371 | |||||
| EBT margin, % | 7.06 | 4.82 | 10.25 | 12.26 | 10.66 | 10.73 | 9.83 | 10.27 | 9.48 | 9.79 | |||||
| Net income | 86 | 108 | 151 | 217 | 211 | 235 | 236 | 275 | 280 | 271 | |||||
| Depreciation | 51 | 44 | 45 | 50 | 54 | 57 | 79 | 75 | 100 | 123 | |||||
| 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 | ||||
| Earnings | 2.09 | 2.79 | 4.06 | 5.89 | 5.92 | 7.02 | 6.99 | 8.10 | 7.96 | 8.33 | |||||
| Cash flow | 5.70 | 3.81 | 6.22 | 5.93 | 9.19 | 10.61 | 5.60 | 6.62 | 11.22 | 4.68 | |||||
| Capex | (0.71) | (0.83) | (0.87) | (1.14) | (0.98) | (2.05) | (1.58) | (1.46) | (1.01) | (1.80) | |||||
| Free cash flow | 5.00 | 2.99 | 5.35 | 4.79 | 8.21 | 8.56 | 4.02 | 5.16 | 10.22 | 2.88 | |||||
| Book value | 29.49 | 30.80 | 36.36 | 40.49 | 39.33 | 47.28 | 49.91 | 58.41 | 64.14 | 53.29 | |||||
| Shares, m | 41 | 39 | 37 | 37 | 36 | 33 | 34 | 34 | 35 | 33 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 21.22 | 15.16 | 16.41 | 18.79 | 18.84 | 21.85 | 23.16 | 24.37 | 24.01 | 20.46 | ||||
| P/S | 1.01 | 0.94 | 1.22 | 1.73 | 1.62 | 1.85 | 1.80 | 1.91 | 1.82 | 1.47 | |||||
| P/B | 1.51 | 1.42 | 1.83 | 2.73 | 2.84 | 3.25 | 3.24 | 3.37 | 2.98 | 3.21 | |||||
| EV/Sales | 1.10 | 1.06 | 1.34 | 1.82 | 1.73 | 1.89 | 1.84 | 1.99 | 1.74 | 1.57 | |||||
| EV/FCF | 9.71 | 16.54 | 13.72 | 24.27 | 14.60 | 18.26 | 41.15 | 39.62 | 17.86 | 63.61 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 233 | 148 | 231 | 218 | 327 | 355 | 189 | 224 | 395 | 152 | ||||
| Capex | (29) | (32) | (32) | (42) | (35) | (69) | (53) | (49) | (35) | (59) | |||||
| Free cash flow | 205 | 116 | 198 | 176 | 292 | 287 | 135 | 175 | 360 | 94 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 405 | 384 | 483 | 566 | 460 | 652 | 741 | 663 | 888 | 542 | ||||
| Total debt | 366 | 396 | 266 | 276 | 286 | 297 | 315 | — | — | 365 | |||||
| Net debt | 149 | 206 | (46) | (94) | (9) | (197) | (177) | (329) | (660) | 100 | |||||
| Shareholders’ equity | 1,207 | 1,192 | 1,349 | 1,489 | 1,400 | 1,583 | 1,682 | 1,981 | 2,258 | 1,734 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 3.84 | 4.82 | 6.50 | 8.40 | 7.58 | 7.99 | 7.43 | 8.37 | 8.09 | 7.64 | ||||
| ROIC | 6.55 | 4.86 | 10.85 | 13.69 | 12.70 | 14.07 | 12.62 | 14.28 | 13.59 | 13.26 | |||||
| ROE | 7.26 | 9.00 | 11.86 | 15.27 | 14.58 | 15.75 | 14.43 | 15.01 | 13.21 | 13.57 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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. | $24.4B | 29.3× | 24.9× | +4.36% (above 0%: growing) | −3.31% (below 0%: shrinking) | +57.87% (above 0%: growing) | 71.05% | 45.11% | Compare |
| EFX Equifax, Inc. | $19.0B | 28.1× | 24.5× | +10.61% (above 0%: growing) | +0.65% (above 0%: growing) | −14.27% (below 0%: shrinking) | 54.49% | 18.48% | Compare |
| BAH Booz Allen Hamilton Holding Corporation | $9.0B | 11.6× | 13.4× | −4.24% (below 0%: shrinking) | −24.88% (below 0%: shrinking) | +171.88% (above 0%: growing) | 52.29% | 9.96% | Compare |
| FCN FTI Consulting, Inc. | $4.0B | 17.8× | 17.5× | +5.28% (above 0%: growing) | −6.94% (below 0%: shrinking) | +268.52% (above 0%: growing) | 31.84% | 8.56% | |
| HURN Huron Consulting Group Inc. | $2.8B | 25.6× | 14.7× | +15.37% (above 0%: growing) | +72.32% (above 0%: growing) | +51.61% (above 0%: growing) | 32.51% | 10.58% | Compare |
| ICFI ICF International, Inc. | $1.6B | 18.4× | 11.7× | −0.35% (below 0%: shrinking) | +16.28% (above 0%: growing) | +103.49% (above 0%: growing) | 37.23% | 8.41% | Compare |
| CRAI Charles River Associates | $1.1B | 23.5× | 17.6× | +12.81% (above 0%: growing) | +17.68% (above 0%: growing) | −230.17% (below 0%: shrinking) | 29.45% | 11.17% | Compare |
| SBC SBC Medical Group Holdings Incorporated | $545.1M | 11.0× | 6.6× | +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 | $496.8M | — | — | — | — | +20.80% (above 0%: growing) | — | — | Compare |
| Median of peers | $2.2B | 23.5× | 14.7× | +10.61% | +16.28% | +54.74% | 52.29% | 11.17% |
FTI Consulting, Inc. (FCN) key facts
- Concern: Net income was $270.9 million, or $8.33 per share (basic), a net margin of 7.15%.
- Strength: FTI Consulting, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.8 billion, up 2.44% from fiscal 2024.
- FTI Consulting, Inc. (FCN) is a Consulting Services company in the Industrials sector, listed on the New York Stock Exchange.
- As of October 16, 2026, FCN traded at $148.53, a market capitalization of $4.0 billion.
- At that price the stock trades at 17.8× trailing-twelve-month earnings and 1.1× sales; its P/E is higher than 14% of its own readings over the past ten years.
- Return on equity was 13.6% and debt-to-equity 0.76.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 4.28 (safe zone) for fiscal 2025.