A Business at a Glance
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Booz Allen Hamilton Holding Corp
BAH
$8.9B
Mkt Cap
$72.53
+10.11%
Booz Allen Hamilton Holding Corp (BAH) has a current P/E ratio of 10.8, compared to its historical median P/E of 18.0. The stock is currently considered Fair based on its historical valuation range.
Booz Allen Hamilton Holding Corp (BAH) has a 5-year average return on invested capital (ROIC) of 20.0%. This indicates strong capital allocation and a potential competitive advantage.
Booz Allen Hamilton Holding Corp (BAH) has a market capitalization of $8.9B. It is classified as a mid-cap stock.
Yes, Booz Allen Hamilton Holding Corp (BAH) pays a dividend with a trailing twelve-month yield of 3.09%. The company also returns capital through share buybacks, with a buyback yield of 6.69%.
Based on historical P/E analysis, Booz Allen Hamilton Holding Corp (BAH) appears fair. The current P/E of 10.8 is 40% below its historical median of 18.0. The estimated fair value CAGR (P/E method) is 7.3%.
Booz Allen Hamilton Holding Corp (BAH) operates in the Services-Management Consulting Services industry, within the Industrials sector.
Booz Allen Hamilton is an advanced technology company delivering solutions to the U.S. federal government and select commercial customers across defense, civil, and national security missions. The company operates as a single profit center with a unified operating model that encourages cross-functional collaboration, enabling it to deploy multidisciplinary teams combining advanced technical expertise, innovation, and deep mission understanding to address complex customer needs. Core capabilities span artificial intelligence (one of the largest AI providers to the federal government), cybersecurity (delivering intelligence-grade technology and tradecraft), digital transformation (modernizing legacy systems with cloud-enabled infrastructure), space (multi-modal data fusion for ISR and domain awareness), and emerging technologies including quantum computing and quantum-safe solutions. The company's business model combines cost-plus and fixed-price contracts, with a strategic shift toward outcome-based and fixed-price engagements; it serves nearly all U.S. cabinet-level departments as well as commercial customers in financial services, health and life sciences, energy, and technology sectors. Booz Allen's competitive moat derives from its deep positioning at the center of the government-technology ecosystem, enabling it to anticipate and scale emerging technologies, combined with its significant win rates on new and re-competed contracts and a record backlog exceeding $38 billion, which supports sustained revenue generation and customer retention across both federal and commercial markets.
【National Security growth acceleration】 Management expects the National Security portfolio to drive overall growth in the coming quarters, with mid-single-digit revenue growth anticipated for fiscal 2027, while the Civil portfolio is expected to continue declining in the first half before stabilizing and improving sequentially. The company anticipates margin expansion across the portfolio as growth areas outperform, supported by productivity gains from organizational delayering, agentification of business processes, and a strategic shift toward outcome-based and fixed-price contracts that enable higher profit growth relative to revenue growth. Management is actively leaning forward to accelerate growth in cyber and AI-assisted software development, positioning the company to benefit from increased federal investment in defense technology, space, autonomy, and drone capabilities, while also preparing for potential tectonic shifts in defense spending priorities. The company remains focused on strong operational execution, disciplined cost management, and continued investment in core technology and talent to support medium-term strategic objectives and shareholder returns.
| Metric | Target | Period |
|---|---|---|
| Revenue | $11.2 billion to $11.7 billion | FY2027 |
| Adjusted EBITDA | $1.24 billion to $1.29 billion | FY2027 |
| Adjusted EBITDA Margin | approximately 11% | FY2027 |
| Adjusted Diluted EPS | $6.00 to $6.35 | FY2027 |
| Free Cash Flow | $825 million to $925 million | FY2027 |
| National Security Portfolio Revenue Growth | mid-single-digits | FY2027 |
| Civil Portfolio Revenue Decline | high single-digits | FY2027 |
Revenue (FY2027): “For fiscal year 2027, we expect to deliver revenue between $11.2 billion and $11.7 billion, with the impact of recent divestitures and acquisitions roughly netting out.”
Adjusted EBITDA (FY2027): “We expect to generate adjusted EBITDA in the range of $1.24 billion and $1.29 billion.”
Adjusted EBITDA Margin (FY2027): “This implies a full year adjusted EBITDA margin of about 11%.”
Adjusted Diluted EPS (FY2027): “We expect adjusted EPS to be in the range of $6- $6.35.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q2 FY2027 Earnings Call, Q1 FY2027 Earnings Call, Q4 FY2026 Earnings Call, Q3 FY2026 Earnings Call
| Metric | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Revenue | 11.2B | 11.2B | 12.0B | 10.7B | 9.3B | 8.4B |
| Net Income | 851M | 851M | 935M | 606M | 272M | 467M |
| EPS | $6.90 | $6.90 | $7.25 | $4.59 | $2.03 | $3.44 |
| Free Cash Flow | 951M | 951M | 911M | 192M | 527M | 657M |
| ROIC | 23.6% | 24.4% | 26.4% | 19.8% | 10.2% | 19.2% |
| Gross Margin | 52.7% | 52.7% | 54.8% | 53.8% | 53.5% | 53.4% |
| Debt/Equity | 3.57 | 3.57 | 3.99 | 3.26 | 2.83 | 2.68 |
| Dividends/Share | $2.24 | $2.24 | $2.08 | $1.92 | $1.76 | $1.54 |
| Operating Income | 1.0B | 1.0B | 1.4B | 1.0B | 447M | 685M |
| Operating Margin | 9.2% | 9.2% | 11.4% | 9.5% | 4.8% | 8.2% |
| ROE | 77.0% | 80.7% | 91.2% | 59.4% | 26.7% | 44.1% |
| Shares Outstanding | 123M | 123M | 129M | 132M | 134M | 136M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 5.3B | 5.4B | 5.8B | 6.2B | 6.7B | 7.5B | 7.9B | 8.4B | 9.3B | 10.7B | 12.0B | 11.2B | 11.2B |
| Gross Margin | 25.5% | 25.6% | 53.8% | 53.6% | 53.8% | 54.7% | 53.5% | 53.4% | 53.5% | 53.8% | 54.8% | 52.7% | 52.7% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 753M | 807M | 814M | 856M | 928M | 1.0B | 1.0B | 1.2B | 1.5B | 1.3B | 1.2B | 1.3B | 1.3B |
| EBIT | 459M | 445M | 506M | 520M | 602M | 669M | 754M | 685M | 447M | 1.0B | 1.4B | 1.0B | 1.0B |
| Op. Margin | 8.7% | 8.2% | 8.7% | 8.4% | 9.0% | 9.0% | 9.6% | 8.2% | 4.8% | 9.5% | 11.4% | 9.2% | 9.2% |
| Net Income | 233M | 294M | 261M | 302M | 419M | 483M | 609M | 467M | 272M | 606M | 935M | 851M | 851M |
| Net Margin | 4.4% | 5.4% | 4.5% | 4.9% | 6.2% | 6.5% | 7.7% | 5.6% | 2.9% | 5.7% | 7.8% | 7.6% | 7.6% |
| Non-Recurring | 0 | 0 | -4.7M | 246K | 5.5M | -1.8M | 3.3M | 3.4M | 32M | -15M | 16M | 77M | 77M |
| Returns on Capital | |||||||||||||
| ROIC | 17.9% | 20.6% | 16.6% | 18.5% | 23.4% | 25.4% | 30.4% | 19.2% | 10.2% | 19.8% | 26.4% | 24.4% | 23.6% |
| ROE | 129.9% | 98.9% | 52.5% | 52.6% | 67.6% | 63.0% | 63.2% | 44.1% | 26.7% | 59.4% | 91.2% | 80.7% | 77.0% |
| ROA | 8.0% | 10.0% | 8.2% | 8.6% | 11.3% | 11.2% | 11.8% | 8.1% | 4.3% | 9.2% | 13.5% | 11.8% | 12.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 310M | 249M | 382M | 369M | 500M | 551M | 719M | 737M | 603M | 259M | 1.0B | 1.0B | 1.0B |
| Free Cash Flow | 274M | 183M | 328M | 291M | 405M | 423M | 631M | 657M | 527M | 192M | 911M | 951M | 951M |
| Owner Earnings | 221M | 163M | 301M | 281M | 400M | 427M | 575M | 521M | 358M | 0 | 750M | 809M | 809M |
| CapEx | 36M | 67M | 54M | 78M | 95M | 128M | 87M | 80M | 76M | 67M | 98M | 90M | 90M |
| Maint. CapEx | 63M | 62M | 60M | 65M | 69M | 81M | 84M | 146M | 165M | 164M | 165M | 163M | 163M |
| Growth CapEx | 0 | 5.1M | 0 | 14M | 26M | 47M | 2.9M | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 63M | 62M | 60M | 65M | 69M | 81M | 84M | 146M | 165M | 164M | 165M | 163M | 163M |
| CapEx/OCF | 11.6% | 26.7% | 14.1% | 21.2% | 19.0% | 23.2% | 12.1% | 10.9% | 12.6% | 25.9% | 9.7% | N/A | 8.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 215M | 80M | 93M | 103M | 114M | 147M | 181M | 209M | 236M | 254M | 268M | 276M | 276M |
| Dividend Yield | 7.1% | 2.3% | 2.3% | 2.2% | 1.9% | 1.7% | 1.8% | 2.0% | 2.0% | 1.7% | 1.5% | N/A | 3.1% |
| Share Buybacks | 62M | 63M | 47M | 270M | 253M | 182M | 313M | 419M | 224M | 404M | 812M | 598M | 598M |
| Buyback Yield | 1.7% | 1.7% | 1.0% | 5.5% | 3.4% | 2.1% | 3.1% | 3.7% | 1.9% | 2.1% | 6.1% | 0.0% | 6.7% |
| Stock-Based Comp | 26M | 25M | 21M | 23M | 31M | 43M | 60M | 70M | 80M | 95M | 94M | 69M | 69M |
| Debt Repayment | 280M | 295M | 968M | 317M | 171M | 77M | 528M | 112M | 417M | 541M | 262M | 62M | 62M |
| Balance Sheet | |||||||||||||
| Net Debt | 1.4B | 1.4B | 1.4B | 1.5B | 1.5B | 1.4B | 1.4B | 2.1B | 2.4B | 2.9B | 3.1B | 3.2B | 3.2B |
| Cash & Equiv. | 207M | 188M | 217M | 287M | 284M | 742M | 991M | 696M | 405M | 554M | 885M | 728M | 728M |
| Long-Term Debt | 1.6B | 1.5B | 1.5B | 1.8B | 1.7B | 2.0B | 2.3B | 2.7B | 2.8B | 3.4B | 3.9B | 3.9B | 3.9B |
| Debt/Equity | 8.65 | 3.91 | 2.84 | 3.23 | 2.61 | 2.55 | 2.20 | 2.68 | 2.83 | 3.26 | 3.99 | 3.57 | 3.57 |
| Interest Coverage | 6.4 | 6.3 | 8.1 | 6.3 | 6.7 | 6.9 | 9.3 | 7.4 | 3.7 | 5.9 | 7.4 | 4.9 | 4.9 |
| Equity | 186M | 408M | 585M | 562M | 675M | 856M | 1.1B | 1.0B | 992M | 1.0B | 1.0B | 1.1B | 1.1B |
| Total Assets | 2.9B | 3.0B | 3.4B | 3.6B | 3.8B | 4.8B | 5.5B | 6.0B | 6.6B | 6.6B | 7.3B | 7.1B | 7.1B |
| Total Liabilities | 2.7B | 2.6B | 2.8B | 3.0B | 3.2B | 3.9B | 4.4B | 5.0B | 5.6B | 5.5B | 6.3B | 6.0B | 6.0B |
| Intangibles | 219M | 221M | 272M | 279M | 287M | 301M | 307M | 647M | 686M | 601M | 563M | 509M | 509M |
| Retained Earnings | 104M | 319M | 478M | 691M | 995M | 1.3B | 1.8B | 2.0B | 2.1B | 2.4B | 3.1B | 3.6B | 3.6B |
| Working Capital | 300M | 250M | 193M | 463M | 520M | 1.0B | 1.3B | 912M | 391M | 1.0B | 1.5B | 1.3B | 1.3B |
| Current Assets | 1.1B | 1.2B | 1.3B | 1.5B | 1.7B | 2.3B | 2.6B | 2.4B | 2.3B | 2.7B | 3.3B | 3.0B | 3.0B |
| Current Liabilities | 849M | 940M | 1.1B | 1.0B | 1.2B | 1.3B | 1.3B | 1.5B | 1.9B | 1.7B | 1.8B | 1.7B | 1.7B |
| Per Share Data | |||||||||||||
| EPS | 1.52 | 1.94 | 1.72 | 2.03 | 2.91 | 3.41 | 4.37 | 3.44 | 2.03 | 4.59 | 7.25 | 6.90 | 6.90 |
| Owner EPS | 1.45 | 1.07 | 1.99 | 1.89 | 2.78 | 3.02 | 4.12 | 3.84 | 2.67 | 0.00 | 5.82 | 6.56 | 6.56 |
| Book Value | 1.22 | 2.69 | 3.86 | 3.78 | 4.70 | 6.05 | 7.69 | 7.71 | 7.40 | 7.93 | 7.78 | 8.96 | 8.96 |
| Cash Flow/Share | 2.03 | 1.64 | 2.52 | 2.48 | 3.47 | 3.90 | 5.16 | 5.43 | 4.50 | 1.96 | 7.82 | 8.44 | 8.22 |
| Dividends/Share | 1.41 | 0.53 | 0.61 | 0.70 | 0.80 | 1.04 | 1.30 | 1.54 | 1.76 | 1.92 | 2.08 | 2.24 | 2.24 |
| Shares Out. | 153.0M | 151.6M | 151.6M | 148.6M | 143.8M | 141.5M | 139.3M | 135.7M | 134.0M | 132.0M | 129.0M | 123.3M | 123.3M |
| Valuation | |||||||||||||
| P/E Ratio | 15.8 | 12.8 | 18.3 | 16.3 | 17.6 | 18.0 | 16.6 | 23.9 | 42.7 | 31.1 | 14.2 | N/A | 10.5 |
| P/FCF | 13.4 | 20.6 | 14.1 | 16.9 | 18.2 | 20.5 | 16.0 | 17.0 | 22.0 | 98.1 | 14.5 | N/A | 9.4 |
| EV/EBIT | 10.7 | 11.4 | 12.5 | 12.0 | 14.3 | 14.3 | 14.0 | 18.5 | 30.6 | 20.9 | 11.4 | N/A | 11.8 |
| Price/Book | 19.7 | 9.2 | 8.1 | 8.8 | 10.9 | 10.1 | 9.5 | 10.7 | 11.7 | 18.0 | 13.2 | N/A | 8.1 |
| Price/Sales | 0.6 | 0.6 | 0.7 | 0.8 | 0.9 | 1.2 | 1.3 | 1.2 | 1.3 | 1.4 | 1.5 | N/A | 0.8 |
| FCF Yield | 7.5% | 4.9% | 7.1% | 5.9% | 5.5% | 4.9% | 6.2% | 5.9% | 4.5% | 1.0% | 6.9% | N/A | 10.6% |
| Market Cap | 3.7B | 3.8B | 4.6B | 4.9B | 7.4B | 8.7B | 10.1B | 11.2B | 11.6B | 18.8B | 13.2B | 0 | 8.9B |
| Avg. Price | 19.90 | 23.05 | 27.13 | 31.60 | 41.92 | 61.68 | 73.73 | 76.87 | 88.79 | 113.98 | 140.52 | 0.00 | 72.53 |
| Year-End Price | 23.96 | 24.76 | 30.56 | 33.14 | 51.24 | 61.33 | 72.72 | 82.38 | 86.70 | 142.70 | 102.72 | 0.00 | 72.53 |
Booz Allen Hamilton Holding Corp passes 6 of 9 quality checks, suggesting mixed fundamentals.
Booz Allen Hamilton Holding Corp trades at 10.8x trailing earnings, compared to its 15-year median P/E of 18.0x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 9.4x vs a median of 17.0x. The company's 5-year average ROIC is 20.0% with a gross margin of 53.6%. Total shareholder yield (dividends + buybacks) is 9.8%. At current prices, the estimated annualized return to fair value is +6.2%.
Booz Allen Hamilton Holding Corp (BAH) reported annual revenue of $11.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
Booz Allen Hamilton Holding Corp (BAH) has a net profit margin of 7.6%. This is a modest margin.
Booz Allen Hamilton Holding Corp (BAH) generated $951 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Booz Allen Hamilton Holding Corp (BAH) has a debt-to-equity ratio of 3.57. This indicates higher leverage, which may increase financial risk.
Booz Allen Hamilton Holding Corp (BAH) reported earnings per share (EPS) of $6.90 in its most recent fiscal year.
Booz Allen Hamilton Holding Corp (BAH) has a return on equity (ROE) of 80.7%. This indicates the company generates strong returns for shareholders.
Booz Allen Hamilton Holding Corp (BAH) has a 5-year average gross margin of 53.6%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for Booz Allen Hamilton Holding Corp (BAH), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Booz Allen Hamilton Holding Corp (BAH) has a book value per share of $8.96, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects the National Security portfolio to drive overall growth in the coming quarters, with mid-single-digit revenue growth anticipated for fiscal 2027, while the Civil portfolio is expected to continue declining in the first half before stabilizing and improving sequentially. The company anticipates margin expansion across the portfolio as growth areas outperform, supported by productivity gains from organizational delayering, agentification of business processes, and a strategic shift toward outcome-based and fixed-price contracts that enable higher profit growth relative to revenue growth. Management is actively leaning forward to accelerate growth in cyber and AI-assisted software development, positioning the company to benefit from increased federal investment in defense technology, space, autonomy, and drone capabilities, while also preparing for potential tectonic shifts in defense spending priorities. The company remains focused on strong operational execution, disciplined cost management, and continued investment in core technology and talent to support medium-term strategic objectives and shareholder returns.
Based on recent SEC filings and earnings calls, Booz Allen Hamilton Holding Corp (BAH) has provided the following forward guidance: Revenue: $11.2 billion to $11.7 billion (FY2027); Adjusted EBITDA: $1.24 billion to $1.29 billion (FY2027); Adjusted EBITDA Margin: approximately 11% (FY2027); Adjusted Diluted EPS: $6.00 to $6.35 (FY2027); Free Cash Flow: $825 million to $925 million (FY2027), plus 2 additional metrics.
Free Cash Flow (FY2027): “Lastly, we expect to generate free cash flow between $825 million and $925 million, which includes the estimated impact of expenditures in fiscal year 2027 for the new Reston headquarters.”
National Security Portfolio Revenue Growth (FY2027): “We expect the National Security portfolio to grow mid-single-digits.”
Civil Portfolio Revenue Decline (FY2027): “For Civil, we anticipate a decline of high single-digits for the year as the Civil business continues to work through challenging comps, particularly in the first half of the year.”