Friday 6 November 2026
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Resources Connection, Inc.
RGP Industrials Consulting Services
Resources Connection, Inc.’s revenue for fiscal 2026 (year ended May 2026) was $452.0 million, down 18.0% from fiscal 2025.
- Revenue
- −18.4%
- EPS
- −228.6%
- Free cash flow
- −140.5%
Quarter to August 2026, against a year earlier
2.67
0.04
+1.52%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to May
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Aug ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 583 | 654 | 729 | 703 | 630 | 805 | 776 | 633 | 551 | 452 | 430 | (2.8%) | 401 | 433 | 481 | +2.1% | |
| Gross margin, % | 37.94 | 37.62 | 38.74 | 39.17 | 38.35 | 39.33 | 40.37 | 38.89 | 37.62 | 37.54 | 36.96 | (0.4) pt | ||||||
| EBT | 34 | 29 | 48 | 35 | 23 | 83 | 73 | 30 | (196) | (38) | (44) | n/m | ||||||
| EBT margin, % | 5.79 | 4.42 | 6.58 | 5.01 | 3.60 | 10.31 | 9.36 | 4.71 | (35.56) | (8.44) | (10.18) | (14.2) pt | ||||||
| Net income | 19 | 19 | 31 | 28 | 25 | 67 | 54 | 21 | (192) | (41) | (46) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 17.76 | 21.28 | 23.07 | 21.99 | 19.40 | 24.43 | 23.22 | 18.92 | 16.68 | 13.47 | 12.44 | (3.0%) | |||||
| Earnings | 0.57 | 0.61 | 1.00 | 0.88 | 0.78 | 2.04 | 1.63 | 0.63 | (5.80) | (1.21) | (1.36) | n/m | ||||||
| Cash flow | 0.86 | 0.50 | 1.38 | 1.55 | 1.23 | 1.50 | 2.44 | 0.66 | 0.57 | 0.04 | (0.28) | (28.4%) | ||||||
| Capex | (0.14) | (0.07) | (0.22) | (0.07) | (0.12) | (0.09) | (0.06) | (0.03) | 0.29 | (0.02) | (0.03) | (17.7%) | ||||||
| Free cash flow | 0.72 | 0.43 | 1.16 | 1.48 | 1.11 | 1.41 | 2.38 | 0.62 | 0.86 | 0.02 | (0.31) | (33.5%) | ||||||
| Book value | 7.25 | 8.74 | 8.94 | 9.49 | 10.16 | 11.30 | 12.41 | 12.52 | 6.26 | 5.06 | 4.67 | (3.9%) | ||||||
| Shares, m | 33 | 31 | 32 | 32 | 32 | 33 | 33 | 33 | 33 | 34 | 34 | +0.2% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 22.02 | 26.85 | 15.51 | 12.00 | 19.16 | 9.10 | 9.37 | 18.17 | 0.00 | 0.00 | 0.00 | 13.2 | |||||
| P/S | 0.71 | 0.78 | 0.67 | 0.49 | 0.76 | 0.76 | 0.66 | 0.61 | 0.31 | 0.35 | 0.21 | 0.6 | ||||||
| P/B | 1.73 | 1.90 | 1.72 | 1.14 | 1.45 | 1.63 | 1.23 | 0.91 | 0.82 | 0.93 | 0.57 | 1.3 | ||||||
| EV/Sales | 0.68 | 0.79 | 0.66 | 0.48 | 0.71 | 0.69 | 0.53 | 0.46 | 0.19 | 0.21 | 0.12 | 0.5 | ||||||
| EV/FCF | 16.78 | 39.39 | 13.04 | 7.15 | 12.39 | 12.01 | 5.20 | 14.15 | 3.63 | 153.44 | (4.83) | 27.7 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 28 | 15 | 44 | 50 | 40 | 49 | 82 | 22 | 19 | 1 | (10) | (28.2%) | |||||
| Capex | (5) | (2) | (7) | (2) | (4) | (3) | (2) | (1) | 10 | (1) | (1) | (17.5%) | ||||||
| Free cash flow | 24 | 13 | 37 | 47 | 36 | 46 | 80 | 21 | 28 | 1 | (11) | (33.3%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 95 | 100 | 100 | 136 | 134 | 184 | 167 | 168 | 128 | 102 | 95 | +0.8% | |||||
| Net debt | (14) | 7 | (6) | (8) | (31) | (50) | (117) | (109) | (86) | (82) | (61) | +21.4% | ||||||
| Shareholders’ equity | 238 | 269 | 282 | 304 | 330 | 372 | 415 | 419 | 207 | 170 | 161 | (3.7%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 4.77 | 4.73 | 7.31 | 5.91 | 4.81 | 12.19 | 9.76 | 4.03 | (47.03) | (14.45) | (17.79) | (19.2) pt | |||||
| ROIC | 9.61 | 6.95 | 11.34 | 7.74 | 4.81 | 16.18 | 15.28 | 5.80 | (101.69) | (27.36) | (27.23) | (37.0) pt | ||||||
| ROE | 6.42 | 7.43 | 11.42 | 9.65 | 7.97 | 19.14 | 13.81 | 5.05 | (61.29) | (21.55) | (25.12) | (28.0) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 3,301 | 4,153 | 3,896 | 3,433 | 3,753 | 4,259 | 4,062 | 3,376 | 3,055 | 3,006 | — | (1.0%) | |||||
| Revenue/emp, $m | 0.18 | 0.16 | 0.19 | 0.20 | 0.17 | 0.19 | 0.19 | 0.19 | 0.18 | 0.15 | — | (1.8%) | ||||||
Negative figures in brackets.
estimates
Fiscal years to May 2026 · latest quarter Aug 2026 · fundamentals updated 2 Nov 2026
Resources Connection, 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 |
|---|---|---|---|---|---|---|---|---|---|
| PPHC Public Policy Holding Company, Inc. | $342.7M | — (loss-making) | — (loss-making) | +7.32% (above 0%: growing) | n/m | −69.72% (below 0%: shrinking) | 21.77% | (7.45%) | Compare |
| FORR Forrester Research, Inc. | $165.6M | — (loss-making) | — (loss-making) | −8.68% (below 0%: shrinking) | n/m | −197.82% (below 0%: shrinking) | 59.95% | 2.77% | Compare |
| EGG Enigmatig Limited | $143.8M | — | — | — | — | — | — | — | Compare |
| RGP Resources Connection, Inc. | $91.3M | — (loss-making) | — (loss-making) | −18.42% (below 0%: shrinking) | n/m | −140.54% (below 0%: shrinking) | 37.38% | (7.45%) | |
| EFTY Etoiles Capital Group Co., Ltd. | $75.1M | — | — | — | — | — | — | — | Compare |
| ACCL Acco Group Holdings Limited | $35.4M | — | — | — | — | −149.84% (below 0%: shrinking) | — | — | Compare |
| DGNX Diginex Limited | $33.5M | — | — | — | — | −114.00% (below 0%: shrinking) | — | — | Compare |
| AERT Aeries Technology, Inc. | $29.2M | 11.4× | — | +42.97% (above 0%: growing) | +19.23% (above 0%: growing) | +309.55% (above 0%: growing) | 29.10% | 15.33% | Compare |
| RYOJ rYojbaba Co., Ltd. | $26.9M | — | — | — | — | — | — | — | Compare |
| Median of peers | $55.2M | — | — | +7.32% | — | −114.00% | 29.10% | 2.77% |
Pay and ownership Proxy statement filed 10 September 2026
Ownership
Directors and executive officers, together
5.52%
Tieton Capital Management, LLC
8.20%
Poplar Point Capital Management LLC and affiliates
7.80%
Brandes Investment Partners, LP
5.40%
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