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Management/technology consulting firm serving primarily the US federal government (defense, intelligence, civil agencies) plus some commercial clients.
Management/technology consulting firm serving primarily the US federal government (defense, intelligence, civil agencies) plus some commercial clients.
Is paid by federal agencies for the hours of its cleared consultants and engineers under cost-reimbursement, time-and-materials and fixed-price contracts, so revenue tracks headcount, billing rates, and winning and renewing multiyear contracts. Nearly all its work is for the US government, with defense and intelligence the largest. Carlyle bought the business in 2008 and took it public in 2010.
Moat: narrow (regulatory licence, switching costs, customer qualification). Security-cleared workforce and long-standing federal contract relationships/past-performance records are hard for new entrants to replicate.
Headquarters: McLean, Virginia, USA · Founded: 1914 · Employees: 31,500
Size Booz Allen Hamilton (BAH) is a United States Industrials company (Miscellaneous Commercial Services) with a market value of $10.1B, the 769th largest of 3,117 United States companies the cockpit tracks. Shares closed at $85.35 on 6 Nov 2026.
Performance Over six months the shares gained 10.8%, against +4.4% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 20 in its peer set.
Growth Revenue fell 6.2% over the last twelve months (peer median +4.5%); the operating margin is 9.5% (peer median 14.2%).
Valuation It trades at 13.3× forward earnings against a peer median of 20.2× (6th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -14 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.6 points above its cost of capital (6.1% WACC).
Backlog Backlog (remaining performance obligations) was $11.8B at 30 Sep 2026, down 2% on a year earlier — 1.1 years of trailing revenue. Backlog detail →
Credit Booz Allen Hamilton has 6 bonds outstanding ($3.70B), rated BBB- by the agencies and trading like BBB at a weighted spread of 110 bp.
Short interest Short interest is 5.6% of the free float (15 Oct 2026).
Next results Next results expected around 22 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $11.0B | $11.2B | $12.0B | $10.7B | $9.26B |
| Revenue growth | — | -6% | +12% | +15% | — |
| Gross profit | $2.30B | $2.35B | $2.62B | $2.29B | $1.98B |
| EBITDA | $1.22B | $1.26B | $1.43B | $1.19B | $713M |
| Net income | $777M | $845M | $930M | $601M | $270M |
| Free cash flow | $984M | $951M | $911M | $192M | $527M |
| Capital expenditure | $92.0M | $90.0M | $98.0M | $67.0M | $76.1M |
| Total debt | $4.71B | $4.12B | $4.22B | $3.64B | $3.06B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Booz Allen Hamilton BAH | $10.1B | +11% | -6% | 9% | 13.3× | -7.0% |
| Leidos LDOS | $16.2B | +2% | +3% | 12% | 11.4× | -6.4% |
| Science Applications International SAIC | $6.13B | +56% | -1% | 8% | 14.3× | -4.6% |
| CACI International CACI | $13.6B | +27% | +10% | 10% | 17.6× | 7.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BAH | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +17.1% | +10.2% | 4th highest of 20 |
| 6-month return | +10.8% | +4.4% | 10th highest of 20 |
| Distance from 52-week high | -21.8% | -14.0% | 6th lowest of 21 |
| Revenue growth (TTM) | -6.2% | +4.5% | lowest of 21 |
| Operating margin | 9.5% | 14.2% | 6th lowest of 21 |
| Forward P/E | 13.3× | 20.2× | 6th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -7.0% | 8.6% | 3rd least demanding of 20 |
| Growth delivered (Del g) | +7.4% | +10.5% | 7th lowest of 20 |
| Hurdle (Req g minus delivered) | -14.3 pp | -1.3 pp | 5th least demanding of 20 |
| ROIC minus cost of capital | +8.6 pp | +5.4 pp | 7th highest of 18 |
| EV / EBITDA | 11.9× | 11.4× | 10th cheapest of 19 |
| Net debt / EBITDA | 3.6× | 1.8× | most indebted of 19 |
| Bond spread | 110 bp | 99 bp | 5th widest of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Booz Allen Hamilton BAH | United States | $10.1B | +11% | -6% | 9% | 13.3× | -7.0% | +7.4% |
| Securitas SECU-B.ST | Sweden | $9.22B | +4% | -5% | 7% | 12.3× | -4.9% | +7.5% |
| Baycurrent 6532.T | Japan | $11.2B | +132% | +32% | 33% | 35.6× | 6.4% | +28.2% |
| CAE CAE.TO | Canada | $8.67B | +3% | +5% | 13% | 29.5× | 13.2% | +10.5% |
| Spie SPIE.PA | France | $8.64B | -8% | +3% | 6% | 14.5× | 8.6% | +9.3% |
| Rentokil Initial RTO.L | United Kingdom | $11.9B | -26% | 0% | 14% | 16.9× | 8.2% | +13.4% |
| CETC Lantian Technology 688818.SS | China | $12.1B | -33% | +5% | 9% | 214.2× | n/a | n/a |
| Intertek ITRK.L | United Kingdom | $12.3B | +12% | +4% | 18% | 22.3× | 14.8% | +4.6% |
| ALS ALQ.AX | Australia | $7.40B | -3% | +11% | 17% | 23.6× | 23.0% | +13.5% |
| Iss A/s ISS.CO | Denmark | $7.08B | +13% | +4% | 5% | 15.3× | -6.1% | +3.7% |
| Genpact G | United States | $7.07B | +30% | +7% | 16% | 9.9× | -7.5% | +6.5% |
| Airtel Mobile Commerce AMC.L | United Kingdom | $7.05B | n/a | +30% | 48% | n/a | 11.5% | +30.3% |
| Bureau Veritas BVI.PA | France | $14.9B | +13% | +2% | 15% | 20.2× | 7.9% | +7.0% |
| Edenred EDEN.PA | France | $6.52B | +15% | +3% | 30% | 12.0× | -8.0% | +13.9% |
| UL Solutions ULS | United States | $15.9B | -22% | +6% | 19% | 31.2× | 9.1% | +5.8% |
| Elis ELIS.PA | France | $6.44B | -12% | +5% | 13% | 12.0× | 10.1% | +11.3% |
| Computershare CPU.AX | Australia | $17.2B | +44% | 0% | 30% | 19.1× | -2.6% | +9.2% |
| Nexi NEXI.MI | Italy | $5.93B | +18% | +1% | 13% | 7.0× | 1.5% | +30.5% |
| Beijing Compass Technology Development 300803.SZ | China | $5.91B | -23% | +12% | 0% | 174.6× | 46.9% | +25.3% |
| Eurofins Scientific ERF.PA | France | $17.5B | +49% | +3% | 12% | 23.0× | 13.3% | +6.1% |
| Rollins ROL | United States | $18.1B | -29% | +8% | 19% | 31.4× | 11.2% | +11.7% |
Booz Allen Hamilton has 6 bonds outstanding with $3.70B face value. The agencies rate it BBB-; its bonds trade like BBB. Weighted yield 5.75%, a spread of 110 bp over government bonds.
Booz Allen Hamilton reported $11.8B of remaining performance obligations at 30 Sep 2026, down 2% from a year earlier and up 6% from the previous quarter. That is 1.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.25.