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FCNFTI Consulting, Inc.
$158.49$4.8B
Overview & Verdict
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FCN logoFTI Consulting, Inc.(FCN)Earnings, Financials & Key Ratios

FCN•NYSE
$158.49
19.2× P/E·Price updated Jul 7, 2026
SectorIndustrialsIndustryConsulting ServicesSub-IndustryRisk, disputes and restructuring advisory
AboutFTI Consulting, Inc. provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through five segments: Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications. Its Corporate Finance & Restructuring segment provides business transformation, transactions, and turnaround and restructuring services. The company's Forensic and Litigation Consulting segment offers. construction and environmental solution, data and analytics, dispute, health solution, and risk and investigation services. Its Economic Consulting segment provides. antitrust and competition economic, financial economic, and international arbitration services. The company's Technology segment offers corporate legal operation; e-discovery and expertise; and information governance, privacy, and security services. Its Strategic Communications segment provides corporate reputation, financial communication, and public affairs services. The company serves aerospace and defense, agriculture, airlines and aviation, automotive and industrial, construction, energy, power and products, environmental solutions, financial services, healthcare and life sciences, hospitality, gaming and leisure, insurance, mining, private equity, public sector, real estate, retail and consumer products, telecom, media and technology, and transportation and logistics industries. The company was founded in 1982 and is headquartered in Washington, District of Columbia.Show more
  • Revenue$3.79B+2.4%
  • EBITDA$464M+17.2%
  • Net Income$271M-3.3%
  • EPS (Diluted)8.24+5.5%
  • Gross Margin32.13%+0.6%
  • EBITDA Margin12.24%+14.4%
  • Operating Margin10.94%+16.5%
  • Net Margin7.15%-5.6%
  • ROE13.57%+2.7%

FCN Price & Volume

FTI Consulting, Inc. (FCN) stock price & volume — 10-year historical chart

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Cyclical Revenue Volatility Masks Underlying Margin Pressures

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Working capital and utilization

Key Thesis Takeaways

  • FTI Consulting demonstrates a resilient, debt-light capital structure with a 0.13 debt-to-equity ratio, yet its reliance on complex, lumpy project-based revenue creates significant earnings volatility.
  • While the firm maintains a robust $1.7 billion equity base, investors should monitor the sensitivity of its 8.5% operating margin to utilization rates and the potential for goodwill impairment given that $1.2 billion of its $3.5 billion asset base is tied to intangible assets.
  • Future performance remains contingent on the firm's ability to stabilize cash conversion, which has historically fluctuated between a negative 51.2% and a positive 40.7% FCF margin.

Verdict Logic

while the firm maintains a healthy 2.30 current ratio, the inconsistent free cash flow margins and high sensitivity to project-based revenue cycles warrant a cautious approach at the current 18.34 P/E multiple.

FCN Growth Metrics

FTI Consulting, Inc. (FCN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years7.85%
5 Years9.01%
3 Years7.75%
TTM5.6%

Profit CAGR

10 Years15.16%
5 Years5.15%
3 Years4.77%
TTM1.81%

EPS CAGR

10 Years17.96%
5 Years7.76%
3 Years7.79%
TTM13.82%

Return on Capital

10 Years12.53%
5 Years14.29%
3 Years15.01%
Last Year16%

FCN Recent Earnings

FTI Consulting, Inc. (FCN) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
Apr 30, 2026
Metric
Actual
Est
EPS
$1.90-10.0%
$2.11
Rev
$983M+1.3%
$971M
Q1 2026
Feb 26, 2026
Metric
Actual
Est
EPS
$1.78+28.1%
$1.39
Rev
$991M+7.9%
$918M
Q4 2025
Oct 23, 2025
Metric
Actual
Est
EPS
$2.60+34.7%
$1.93
Rev
$956M+4.1%
$918M
Q3 2025
Jul 24, 2025
Metric
Actual
Est
EPS
$2.13+13.9%
$1.87
Rev
$944M+0.3%
$941M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$1.90vs $2.11-10.0%
$983Mvs $971M+1.3%
Q1 2026Feb 26, 2026
$1.78vs $1.39+28.1%
$991Mvs $918M+7.9%
Q4 2025Oct 23, 2025
$2.60vs $1.93+34.7%
$956Mvs $918M+4.1%
Q3 2025Jul 24, 2025
$2.13vs $1.87+13.9%
$944Mvs $941M+0.3%
Based on last 12 quarters of dataView full earnings history →

Latest FCN News

Recent stock market news and headlines for FTI Consulting, Inc. (FCN)

GlobeNewsWire·Jul 1, 2026
FTI Consulting Announces Increase and Extension of Revolving Credit Facility

WASHINGTON, July 01, 2026 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced that it entered into the third amendment and restatement of its senior unsecured credit facility (the “Third A&R Credit Agreement”), increasing the total available revolving credit facility and extending the maturity, while enhancing overall financial flexibility with improved pricing. The Third A&R Credit Agreement increases the revolving line of credit from $900.0 million to $1.5 billion and extends the maturity date from November 21, 2027, to June 30, 2031.

GlobeNewsWire·Jun 29, 2026
FTI Consulting Strengthens Mining Capabilities in Australia With Appointment of Dean Felton

Mining Sector Veteran Joins FTI Consulting to Expand Australia Capabilities and Drive Operational and Digital Transformation Across the Global Mining Sector Mining Sector Veteran Joins FTI Consulting to Expand Australia Capabilities and Drive Operational and Digital Transformation Across the Global Mining Sector

GuruFocus·Jun 22, 2026
FTI Consulting Inc (FCN) Stock Down 3.1% -- Now Undervalued? GF Score: 84/100

On June 22, 2026, FTI Consulting Inc (FCN) shares fell 3.1%, bringing the current price to $141.00. This decline is part of a broader trend, with the stock down

GlobeNewsWire·Jun 22, 2026
FTI Consulting Strengthens Risk, Compliance & AI Advisory Capabilities in Australia With Appointment of Jerome Nyssen

SYDNEY, June 22, 2026 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Jerome Nyssen as a Senior Managing Director in the Risk Advisory practice. This appointment strengthens the firm's capabilities across financial services and depth in AI-driven risk, compliance and governance transformation.

GlobeNewsWire·Jun 18, 2026
FTI Consulting Adds Energy Advisory Offering in Italy With Hire of Riccardo Siliprandi

MILAN, June 18, 2026 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the launch of the firm's energy advisory offering in Italy with the appointment of Riccardo Siliprandi as a Senior Managing Director in the Economic Consulting segment. His arrival signals the expansion of FTI Consulting's offering in Italy, building on the firm's existing capabilities in transactions and transformation.

Peers Comparison

Key metrics vs top competitors for FTI Consulting, Inc. (FCN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
FCN logoFCNFTI Consulting, Inc.Current
$158.49$4.77B19.232.44%7.15%13.57%—
HLI logoHLIHoulihan Lokey, Inc.
$139.12$9.61B22.379.55%16.26%18.57%—
HUBB logoHUBBHubbell Incorporated
$478.89$25.46B28.953.84%15.1%24.38%—
HURN logoHURNHuron Consulting Group Inc.
$105.93$1.72B18.1414.34%5.97%21.83%—
ICFI logoICFIICF International, Inc.
$76.98$1.39B15.55-7.27%4.68%8.35%—
FORR logoFORRForrester Research, Inc.
$9.66$185.24M-1.54-8.23%-13.74%-39.22%—

Compare FCN vs Peers

FTI Consulting, Inc. (FCN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs HLI

Most directly comparable listed peer for FCN.

Scale Benchmark

vs MS

Larger-name benchmark to compare FCN against a more recognizable public peer.

Peer Set

Compare Top 5

vs HLI, HUBB, HURN, ICFI

FCN SEC Filings & Documents

FTI Consulting, Inc. (FCN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 1, 2026·SEC

Material company update

Mar 18, 2026·SEC

Material company update

Mar 9, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 20, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 30, 2026·SEC

FY 2025

Oct 23, 2025·SEC

FY 2025

Jul 24, 2025·SEC

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FCN Frequently Asked Questions

FTI Consulting, Inc. (FCN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is FTI Consulting, Inc.'s revenue?

FTI Consulting, Inc. (FCN) reported $3.87B in revenue for fiscal year 2025. This represents a 12560% increase from $30.6M in 1996.

How fast is FTI Consulting, Inc. growing?

FTI Consulting, Inc. (FCN) grew revenue by 2.4% over the past year. Growth has been modest.

Is FCN profitable?

Yes, FTI Consulting, Inc. (FCN) is profitable, generating $266.7M in net income for fiscal year 2025 (7.1% net margin).

Dividend & Returns
What is FCN's return on equity?

FTI Consulting, Inc. (FCN) has a return on equity (ROE) of 13.6%. This is reasonable for most industries.

What is FTI Consulting, Inc.'s free cash flow?

FTI Consulting, Inc. (FCN) generated $318.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in FCN back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →