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

Insider Decisions trades per month

Total buys 2.08
Total sells 0.14
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — 3 — — — — —
Sell — — — — — — — — — 1 — —
Insider Ownership 6.22%

Capital & Financial Ratios $m

Market Cap 4,040.00
Revenue 3,923.72
Net Income 252.79
Free Cash Flow 358.73
Net Debt 855.57
Current Ratio 2.03 (at or above 1.5: strong)
Debt/Equity 0.76
P/E ratio 17.77
Fwd P/E 17.50
P/S ratio 1.09
P/B ratio 3.20
Past 5Y EPS Growth 7.76%
This Y EPS Growth 5.02%
Next Y EPS Growth 17.18% (at or above 15%: strong)
Next Y revenue growth 5.55%
Next 5Y EPS Growth 10.92%

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

Valuation vs history

P/E against its own 10 years 13.64%
10-year low 10-year high
P/S against its own 10 years 22.41%
10-year low 10-year high
P/B against its own 10 years 67.49%
10-year low 10-year high
EV/Sales against its own 10 years 27.02%
10-year low 10-year high
EV/FCF against its own 10 years 16.22%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 329 660 265 164
Receivables 1,102 1,020 1,038 1,158
Inventory — — — —
Other — — — —
1,555 1,820 1,518 1,587
2023 2024 2025 Q'26
Payables 224 224 206 219
ST’ Debt — — — —
Other 68 68 57 58
893 932 975 782

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%

Revenue $m

Mar Jun Sep Dec Year
’26 983 993 — — —
’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 — — —
’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 — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 1.90 1.99 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

2.6
1Buy 2 3Hold 4 5Sell

Ten 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
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.

All 10 years →

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%

All 23 Consulting Services stocks →

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.

Source: company filings (standardised) and stockrow calculations.

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stockrow.com/FCN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com