FCNNYSEServices-Management Consulting ServicesFiscal year ends December 31
FTI CONSULTING, INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$148.10−0.43 (-0.29%)
Close on Oct 19, 2026
- Market cap
- $4.30B
- P/E (TTM)
- 17.9
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
32.1%+0.1 pts over 5 years
Operating margin
10.3%−1.2 pts over 5 years
Net margin
7.1%−1.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.4% | +7.7% | +9.0% | +7.9% | |
| Gross profit | +3.0% | +8.1% | +9.1% | +7.2% | |
| Operating income | +12.0% | +8.6% | +6.6% | +9.0% | |
| Net income | -3.3% | +4.8% | +5.2% | +15.2% | |
| EPS, diluted | +5.5% | +7.8% | +7.8% | +18.0% | |
| Free cash flow | -74.0% | -11.6% | -20.4% | -1.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 7.3% | 14.6% | 13.6% | |
| Return on assets | 3.8% | 7.6% | 7.6% | |
| Current ratio | 2.07 | 1.69 | 1.56 | |
| Debt to equity | 0.30 | 0.20 | 0.21 | |
| Net debt to EBITDA | 0.83× | -0.03× | 0.23× | |
| Interest coverage | 5.7× | 14.3× | 18.2× | |
| Capex to revenue | 1.6% | 1.4% | 1.5% | |
| Diluted shares | 42M | 37M | 33M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Fti Consulting generated $1.32B from operations and spent $1.29B on capital expenditure, dividends and share buybacks. 21% of that went back into the business.
Generated
$1.32B
Used
$1.29B
Capital expenditure$265.40M21%Dividends$00%Share buybacks$1.02B79%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.1%
×Asset turnover1.07×
×Equity multiplier1.78×
=Return on equity, FY202513.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 7.1% | 1.07× | 1.78× | 13.6% |
| FY2024 | 7.6% | 1.07× | 1.63× | 13.2% |
| FY2023 | 7.9% | 1.06× | 1.79× | 15.0% |
| FY2022 | 7.8% | 0.96× | 1.94× | 14.4% |
| FY2021 | 8.5% | 0.94× | 1.97× | 15.8% |
| FY2020 | 8.6% | 0.89× | 1.92× | 14.6% |
| FY2019 | 9.2% | 0.91× | 1.82× | 15.3% |
| FY2018 | 7.4% | 0.87× | 1.82× | 11.9% |
| FY2017 | 6.0% | 0.81× | 1.87× | 9.0% |
| FY2016 | 4.7% | 0.81× | 1.89× | 7.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$270.87M
- Cash generatingOperating cash flow above zero$152.13M
- Return on assets improvedROA up on the prior year8.4% → 7.5%
- Earnings backed by cashOperating cash flow above net income$152.13M vs $270.87M
- Less leverageLong-term debt to assets fell0.0% → 10.5%
- Better liquidityCurrent ratio rose1.95 → 1.56
- No dilutionShare count did not rise36M → 33M
- Gross margin improvedGross margin up on the prior year31.96% → 32.13%
- More efficientAsset turnover rose1.11 → 1.05