Unless otherwise indicated or required by the context, when we use the terms “Company,” “FTI Consulting,” “we,” “us” and “our,” we mean FTI Consulting, Inc., a Maryland corporation, and its consolidated subsidiaries. Company Overview FTI Consulting is a leading global expert firm for organizations facing crisis and transformation. Individually, each of our segments and practices is staffed with experts recognized for the depth of their knowledge and a track record of making an impact. We report financial results for the following five reportable segments: •Corporate Finance; •Forensic and Litigation Consulting (“FLC”); •Economic Consulting; •Technology; and •Strategic Communications. The Company renamed its Corporate Finance & Restructuring segment to Corporate Finance to better align with the segment’s business activities, structure and strategy, as of December 31, 2025.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.8B | 3.8B | 3.7B | 3.5B | 3.0B | 2.8B |
| Net Income | 271M | 271M | 280M | 275M | 236M | 235M |
| EPS | $8.24 | $8.24 | $7.81 | $7.71 | $6.58 | $6.65 |
| Free Cash Flow | 94M | 94M | 360M | 175M | 135M | 287M |
| ROIC | 13.6% | 15.4% | 15.9% | 17.0% | 15.3% | 16.2% |
| Gross Margin | 32.1% | 32.1% | 32.0% | 32.5% | 31.8% | 31.0% |
| Debt/Equity | 0.36 | 0.36 | 0.11 | 0.13 | 0.34 | 0.36 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 389M | 389M | 347M | 378M | 304M | 312M |
| Operating Margin | 10.3% | 10.3% | 9.4% | 10.8% | 10.0% | 11.2% |
| ROE | 15.6% | 13.6% | 13.2% | 15.0% | 14.4% | 15.8% |
| Shares Outstanding | 33M | 33M | 36M | 36M | 36M | 35M |
FTI CONSULTING, INC passes 5 of 9 quality checks, suggesting mixed fundamentals.
FTI CONSULTING, INC trades at 21.7x trailing earnings, compared to its 15-year median P/E of 21.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 58.5x vs a median of 19.1x. The company's 5-year average ROIC is 15.9% with a gross margin of 31.9%. Total shareholder yield (buybacks) is 14.6%. At current prices, the estimated annualized return to fair value is -8.9%.
FTI CONSULTING, INC (FCN) has a current P/E ratio of 21.7, compared to its historical median P/E of 21.6. The stock is currently considered Fair based on its historical valuation range.
FTI CONSULTING, INC (FCN) has a 5-year average return on invested capital (ROIC) of 15.9%. This indicates strong capital allocation and a potential competitive advantage.
FTI CONSULTING, INC (FCN) has a market capitalization of $5.9B. It is classified as a mid-cap stock.
FTI CONSULTING, INC (FCN) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 14.60%.
Based on historical P/E analysis, FTI CONSULTING, INC (FCN) appears fair. The current P/E of 21.7 is 0% above its historical median of 21.6. The estimated fair value CAGR (P/E method) is 9.9%.
FTI CONSULTING, INC (FCN) operates in the Services-Management Consulting Services industry, within the Industrials sector.
FTI CONSULTING, INC (FCN) reported annual revenue of $3.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
FTI CONSULTING, INC (FCN) has a net profit margin of 7.1%. This is a modest margin.
FTI CONSULTING, INC (FCN) generated $94 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
FTI CONSULTING, INC (FCN) has a debt-to-equity ratio of 0.36. This indicates a conservatively financed balance sheet.
FTI CONSULTING, INC (FCN) reported earnings per share (EPS) of $8.24 in its most recent fiscal year.
FTI CONSULTING, INC (FCN) has a return on equity (ROE) of 13.6%. This indicates moderate shareholder returns.
FTI CONSULTING, INC (FCN) has a 5-year average gross margin of 31.9%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for FTI CONSULTING, INC (FCN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FTI CONSULTING, INC (FCN) has a book value per share of $52.74, based on its most recent annual SEC filing.