Fti Consulting Inc. (FCN) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$2.26	$1.99	-11.9%	—	$993.5M	—
Q1 26	$2.07	$1.9	-8.2%	—	$983.3M	—
Q4 25	$1.46	$1.78	+21.9%	—	$990.7M	—
Q3 25	$1.99	$2.6	+30.7%	—	$956.2M	—
Q2 25	$1.9	$2.13	+12.1%	—	$943.7M	—
Q1 25	$1.79	$2.29	+27.9%	—	$898.3M	—
Q4 24	$1.73	$1.56	-9.8%	—	$894.9M	—
Q3 24	$2.06	$1.85	-10.2%	—	$926M	—
Q2 24	$2.02	$2.34	+15.8%	—	$949.2M	—
Q1 24	$1.87	$2.23	+19.3%	—	$928.6M	—
Q4 23	$1.67	$2.28	+36.5%	—	$924.7M	—
Q3 23	$1.84	$2.34	+27.2%	—	$893.3M	—
Q2 23	$1.6	$1.75	+9.4%	—	$864.6M	—
Q1 23	$1.7	$1.34	-21.2%	—	$806.7M	—
Q4 22	$1.35	$1.52	+12.6%	—	$774.4M	—
Q3 22	$2.04	$2.15	+5.4%	—	$775.9M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$8.33	—	—	$3.8B	—
FY24	—	$7.96	—	—	$3.7B	—
FY23	—	$8.1	—	—	$3.5B	—
FY22	—	$6.99	—	—	$3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.8B	$1.8B	$2B	$2.4B	$2.5B	$2.8B	$3B	$3.5B	$3.7B	$3.8B
YoY change	+1.76%	-0.15%	+12.2%	+16%	+4.61%	+12.8%	+9.1%	+15.2%	+6%	+2.44%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.8B	1.8B	2B	2.4B	2.5B	2.8B	3B	3.5B	3.7B	3.8B
Cost of revenue	1.2B	1.2B	1.3B	1.5B	1.7B	1.9B	2.1B	2.4B	2.5B	2.6B
Gross profit	599.6M	592.2M	699.8M	817.8M	788.6M	860.7M	962.9M	1.1B	1.2B	1.2B
Gross margin	33.1%	32.8%	34.5%	34.8%	32%	31%	31.8%	32.5%	32%	32.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	436.7M	432M	465.6M	504.1M	488.4M	537.8M	641.1M	751.3M	822.2M	799.6M
Operating expenses	447.2M	472.9M	465.6M	504.1M	491.2M	537.8M	642.4M	751.3M	822.2M	799.6M
Operating income	152.6M	149.6M	226M	305.6M	287M	312M	310.9M	377.6M	355.6M	414.4M
Operating margin	8.43%	8.28%	11.1%	13%	11.7%	11.2%	10.3%	10.8%	9.61%	10.9%
Non-operating income, net	-4.4M	-41.1M	3.5M	-2.7M	-8.5M	2.7M	-7.8M	-10.1M	-6.3M	-29M
Pretax income	127.8M	87.1M	207.8M	288.4M	262.4M	297.9M	297.7M	358.4M	350.8M	371M
Income tax	42.3M	-20.9M	57.2M	71.7M	51.8M	63M	62.2M	83.5M	70.7M	100.1M
Net income	85.5M	108M	150.6M	216.7M	210.7M	235M	235.5M	274.9M	280.1M	270.9M
Net margin	4.72%	5.97%	7.43%	9.21%	8.56%	8.46%	7.78%	7.88%	7.57%	7.15%
EBITDA	207.1M	195.2M	270.4M	349M	333.7M	360.9M	360.3M	429.3M	413.5M	471.2M
EPS	2.09	2.79	4.06	5.89	5.92	7.02	6.99	8.1	7.96	8.33
Diluted EPS	2.05	2.75	3.93	5.69	5.67	6.65	6.58	7.71	7.81	8.24

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	893.3M	924.7M	928.6M	949.2M	926M	894.9M	898.3M	943.7M	956.2M	990.7M	983.3M	993.5M
Cost of revenue	598.8M	613.8M	626M	637.7M	628.1M	624.9M	608.9M	641.1M	638.2M	683.1M	676.5M	677.2M
Gross profit	294.5M	310.9M	302.5M	311.4M	297.9M	270.1M	289.4M	302.5M	317.9M	307.7M	306.8M	316.3M
Gross margin	33%	33.6%	32.6%	32.8%	32.2%	30.2%	32.2%	32.1%	33.3%	31.1%	31.2%	31.8%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	186.1M	194.6M	201.9M	206.2M	206M	208.1M	184.3M	202.2M	199.5M	213.6M	222.3M	230.7M
Operating expenses	186.1M	194.6M	201.9M	206.2M	206M	208.1M	184.3M	202.2M	199.5M	213.6M	222.3M	230.7M
Operating income	107M	115M	99.6M	104.1M	90.9M	61M	104M	99.3M	117.7M	93.4M	83.9M	85M
Operating margin	12%	12.4%	10.7%	11%	9.82%	6.81%	11.6%	10.5%	12.3%	9.43%	8.53%	8.56%
Non-operating income, net	—	—	—	—	—	—	-25.3M	—	—	-3.7M	—	—
Pretax income	107.7M	103M	99.5M	102.7M	88.8M	59.8M	80.6M	91.9M	111.7M	86.8M	78.5M	73M
Income tax	24.4M	21.4M	19.5M	18.7M	22.3M	10.1M	18.8M	20.2M	28.9M	32.2M	20.9M	15.2M
Net income	83.3M	81.6M	80M	83.9M	66.5M	49.7M	61.8M	71.7M	82.8M	54.5M	57.6M	57.8M
Net margin	9.33%	8.83%	8.61%	8.84%	7.18%	5.55%	6.88%	7.6%	8.66%	5.5%	5.86%	5.82%
EBITDA	123.9M	119.3M	112.7M	117.8M	102.9M	73.3M	118M	111.6M	132.3M	111.4M	97.9M	97.8M
EPS	2.44	—	2.29	2.38	1.88	1.41	1.76	2.16	2.63	1.8	1.92	2.01
Diluted EPS	2.34	—	2.23	2.34	1.85	1.38	1.74	2.13	2.6	1.78	1.9	1.99

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.8B	1.7B	2.5B	4.1B	4B	5.1B	5.4B	6.8B	6.7B	5.6B	3.7B
Enterprise value	2B	1.9B	2.4B	4.2B	4.2B	5.2B	5.4B	6.7B	6.3B	5.9B	4.7B
Shares outstanding	40.9M	38.7M	37.1M	36.8M	35.6M	33.5M	33.7M	33.9M	35.2M	32.5M	32.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	21.6	15.4	16.4	18.8	18.9	21.9	22.7	24.6	24	20.5	16
P/S	1.02	0.92	1.22	1.73	1.62	1.85	1.77	1.94	1.82	1.47	0.93
P/B	1.53	1.39	1.83	2.73	2.84	3.25	3.18	3.41	2.98	3.21	2.69
EV/EBITDA	9.63	9.58	8.97	12	12.5	14.4	15.1	15.6	15.3	12.6	10.8
EV/Sales	1.1	1.03	1.2	1.78	1.7	1.88	1.79	1.92	1.71	1.56	1.2
Earnings yield	4.63%	6.49%	6.09%	5.33%	5.3%	4.57%	4.4%	4.07%	4.16%	4.87%	6.24%
FCF yield	11.1%	6.95%	8.03%	4.33%	7.35%	5.58%	2.53%	2.59%	5.35%	1.68%	7.93%
PEG	—	—	—	—	—	—	—	—	—	—	-2.31

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	33.1%	32.8%	34.5%	34.8%	32%	31%	31.8%	32.5%	32%	32.1%	31.8%
Operating margin	8.43%	8.28%	11.1%	13%	11.7%	11.2%	10.3%	10.8%	9.61%	10.9%	9.23%
Net margin	4.72%	5.97%	7.43%	9.21%	8.56%	8.46%	7.78%	7.88%	7.57%	7.15%	6.44%
ROE	7.08%	9.06%	11.2%	14.6%	15%	14.8%	14%	13.9%	12.4%	15.6%	15.6%
ROA	3.84%	4.78%	6.33%	7.79%	7.59%	7.58%	7.27%	8.27%	7.79%	7.76%	6.88%
ROIC	7.53%	10.7%	12.6%	14.3%	14.4%	14.9%	14%	15.2%	15.4%	14.4%	11.4%
Return on tangible assets	-35.8%	-44.9%	-433.1%	72.1%	93.8%	41.1%	32%	33.5%	25.2%	27.7%	24.5%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.07	1.94	2	1.92	1.69	1.91	1.96	1.74	1.95	1.56	2.03
Quick ratio	2.07	1.94	2	1.92	1.69	1.91	1.96	1.74	1.95	1.56	2.03
Debt / equity	0.3	0.33	0.2	0.33	0.35	0.36	0.34	0.13	0.11	0.36	0.95
Debt / assets	0.16	0.18	0.11	0.18	0.18	0.18	0.18	0.08	0.07	0.18	0.35
Net debt / EBITDA	0.72	1.06	-0.17	0.34	0.59	0.19	0.21	-0.17	-1.01	0.77	2.42
Interest coverage	6.15	4.44	8.65	16	14.3	15.7	30.6	26	51.5	18.3	11.4
Effective tax rate	33.1%	0%	27.5%	24.9%	19.7%	21.1%	20.9%	23.3%	20.2%	27%	27.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	44.2	46.7	54.7	64	69.1	82.9	89.9	102.9	105.1	116.5	130.2
EPS (basic)	2.09	2.79	4.06	5.89	5.92	7.02	6.99	8.1	7.96	8.33	8.33
EPS (diluted)	2.05	2.75	3.93	5.69	5.67	6.65	6.58	7.71	7.81	8.24	8.26
Book value per share	29.5	30.8	36.4	40.5	39.3	47.3	49.9	58.4	64.1	53.3	49.2
FCF per share	5	2.99	5.35	4.79	8.21	8.56	4.02	5.16	10.2	2.88	12.4
Cash per share	5.28	4.91	8.41	10	8.28	14.8	14.6	9.69	18.8	8.15	6.99
Capex per share	0.71	0.83	0.87	1.14	0.98	2.05	1.58	1.46	1.01	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.6%	1.77%	1.59%	1.78%	1.42%	2.47%	1.76%	1.42%	0.96%	—	—
Capex / operating cash flow	15.5%	24.7%	19.4%	26.2%	13.2%	24.4%	40.8%	37.6%	11.6%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%
Dividend yield	—	—	—	—	—	—	—	—	—	—	1.33%

Yield

1.33%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.1956

ex-dividend Sep 2, 1998

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 2, 1998	$0.1956
Jun 3, 1998	$0.1956
Mar 4, 1998	$0.1956
Dec 3, 1997	$0.1956
Sep 3, 1997	$0.1778
Jun 4, 1997	$0.1778
Mar 5, 1997	$0.1778
Dec 4, 1996	$0.1778

Split history

Date	Ratio
Jun 5, 2003	3:2

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$893.3M	$924.7M	$928.6M	$949.2M	$926M	$894.9M	$898.3M	$943.7M	$956.2M	$990.7M	$983.3M	$993.5M
YoY change	+15.1%	+19.4%	+15.1%	+9.78%	+3.67%	-3.22%	-3.26%	-0.58%	+3.26%	+10.7%	+9.47%	+5.28%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	216.2M	190M	312.1M	369.4M	295M	494.5M	491.7M	328.7M	660.5M	265.1M
Receivables	365.4M	391M	437.8M	482.3M	513.5M	542.1M	633.1M	745.4M	742.5M	764.2M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	783.2M	794.2M	965.4M	1.2B	1.1B	1.4B	1.5B	1.6B	1.8B	1.5B
Property, plant & equipment	61.9M	75.1M	84.6M	253.4M	258.3M	358.2M	357.2M	368.6M	348.6M	550.2M
Goodwill & intangibles	2.5B	2.5B	2.4B	2.5B	2.6B	2.5B	2.5B	2.5B	2.5B	2.5B
Total assets	2.2B	2.3B	2.4B	2.8B	2.8B	3.1B	3.2B	3.3B	3.6B	3.5B
Accounts payable	15.8M	14.1M	17.7M	18.3M	13.1M	16.2M	20.3M	21.7M	26M	15M
Short-term debt	—	—	—	35.7M	42.7M	30.8M	31.9M	33.9M	34.1M	37.2M
Total current liabilities	378.5M	410.3M	482.6M	612.5M	670.2M	718.1M	769.5M	892.8M	931.8M	975.2M
Long-term debt	365.5M	396.3M	265.6M	452M	447.8M	533.2M	536.8M	223.8M	208M	589.5M
Total liabilities	1B	1.1B	1B	1.3B	1.4B	1.5B	1.6B	1.3B	1.3B	1.8B
Shareholders' equity	1.2B	1.2B	1.3B	1.5B	1.4B	1.6B	1.7B	2B	2.3B	1.7B
Total debt	365.5M	396.3M	265.6M	487.7M	490.5M	564M	568.7M	257.6M	242.1M	626.7M
Net debt	149.4M	206.3M	-46.5M	118.3M	195.6M	69.5M	77M	-45.6M	-418.3M	361.6M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	201.1M	—	244M	226.4M	386.3M	—	151.1M	152.8M	146M	265.1M	198.3M	163.7M
Receivables	771.7M	—	804.9M	818.2M	824.6M	—	763.6M	810.1M	793.7M	764.2M	823.9M	808.7M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	1.6B	—	1.5B	1.6B	1.7B	—	1.4B	1.5B	1.5B	1.5B	1.6B	1.6B
Property, plant & equipment	367.4M	-176.7M	352.5M	354.8M	357.3M	-192.6M	354.4M	364.5M	372M	370.8M	360M	354.2M
Goodwill & intangibles	2.5B	—	2.5B	2.5B	2.5B	—	2.5B	2.5B	2.5B	2.5B	2.5B	2.5B
Total assets	3.3B	—	3.3B	3.4B	3.5B	—	3.3B	3.5B	3.5B	3.5B	3.5B	3.5B
Accounts payable	—	—	—	—	—	—	—	—	—	15M	—	—
Short-term debt	—	—	—	—	—	—	—	—	—	37.2M	—	—
Total current liabilities	708.5M	—	627.7M	713.9M	823.2M	—	637.3M	713.5M	809M	975.2M	676.8M	782.4M
Long-term debt	502.8M	—	418.6M	274.5M	217M	—	361.2M	686.7M	736M	589.5M	969.2M	1.2B
Total liabilities	1.5B	—	1.3B	1.2B	1.3B	—	1.2B	1.6B	1.7B	1.8B	1.8B	2.2B
Shareholders' equity	1.9B	—	2.1B	2.1B	2.3B	—	2.1B	1.9B	1.7B	1.7B	1.7B	1.3B
Total debt	502.8M	—	418.6M	274.5M	217M	—	361.2M	686.7M	736M	626.7M	969.2M	1.2B
Net debt	301.6M	—	174.6M	48.1M	-169.4M	—	210.1M	533.9M	590M	361.6M	770.9M	1.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	85.5M	108M	150.6M	216.7M	210.7M	235M	235.5M	274.9M	280.1M	270.9M
Depreciation & amortization	49M	41.7M	39.7M	38.3M	43M	45.1M	45.5M	47.2M	48.1M	49.2M
Stock-based compensation	16.9M	16M	15.6M	18M	22.9M	23.1M	25.4M	29.5M	38.4M	39.3M
Change in working capital	32.7M	10.8M	-66.9M	-124M	-20.2M	-38.5M	-169.7M	-200.4M	-97.8M	-362.7M
Operating cash flow	187.1M	129.8M	166.5M	159.6M	264.1M	280.9M	130.7M	131.5M	304.1M	152.1M
Capital expenditure	-28.9M	-32M	-32.3M	-41.8M	-34.8M	-68.7M	-53.3M	-49.5M	-35.4M	—
Investing cash flow	-30.1M	-40.6M	18.7M	-60.3M	-60.1M	-79.1M	-60.1M	-73.8M	-10.2M	0
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-21.5M	-168.1M	-55.7M	-105.8M	-353.6M	-46.1M	-85.4M	-21M	-10.2M	-858.7M
Financing cash flow	-277M	-110.4M	-256M	-103.3M	-360.1M	-61.7M	-106M	-354.7M	-26.3M	-511.9M
Net change in cash	-120.1M	-21.3M	-70.7M	-4.1M	-156M	140.2M	-35.4M	-297M	267.7M	-359.7M
Free cash flow	204.6M	115.6M	198.4M	176.1M	292.2M	286.8M	135.5M	175M	359.7M	93.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	83.3M	81.6M	80M	83.9M	66.5M	49.7M	61.8M	71.7M	82.8M	54.5M	57.6M	57.8M
Depreciation & amortization	11.7M	12.4M	11.4M	11.8M	12.1M	12.8M	11.2M	12.4M	12.9M	12.8M	12.9M	12.8M
Stock-based compensation	7.5M	8.1M	8.8M	9.3M	9.9M	10.5M	9.8M	9.9M	9M	10.6M	10.6M	11.4M
Change in working capital	-77.8M	161.7M	-102.6M	-84.1M	52.1M	74M	-259.3M	-169.4M	-36.3M	102.3M	-105M	-96M
Operating cash flow	27.8M	242.7M	-9.6M	8.2M	119.1M	186.4M	-157.5M	55.7M	201.9M	359.8M	-310M	152.3M
Capital expenditure	-14.2M	-6.3M	-4.6M	-10.1M	-7M	-13.7M	-17.8M	—	—	—	—	—
Investing cash flow	-14.2M	-6.3M	20.6M	-10.1M	-7M	-13.7M	-17.8M	0	0	0	—	—
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	0	0	0	0	-10.2M	-182.6M	-354M	-234.2M	-87.8M	-126.8M	-393.2M
Financing cash flow	-398.9M	28.2M	403.6M	-148.5M	-63.2M	-10.8M	-32.4M	-52.7M	-194.5M	-233.2M	258.5M	-134M
Net change in cash	-385.3M	264.7M	414.6M	-150.3M	48.9M	161.9M	-207.7M	3M	7.4M	126.6M	-51.5M	18.3M
Free cash flow	92.5M	376.7M	-279.5M	125.2M	212.3M	301.6M	-483M	38.3M	187M	351.4M	-320.6M	141M

Fti Consulting Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement