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Global business advisory firm providing corporate restructuring, litigation support, forensic accounting and strategic communications.
Global business advisory firm providing corporate restructuring, litigation support, forensic accounting and strategic communications.
Bills clients mostly by the hour for its consultants' time, with some fixed retainers and occasional success fees, so earnings depend on how many staff are working on paid cases. Restructuring work tends to rise when credit tightens, while litigation and communications work follows disputes and deals.
Moat: narrow (brand, process know-how). Reputation and specialized expertise in complex restructuring/litigation engagements drive repeat, high-fee business.
Headquarters: Washington, D.C. · Founded: 1982 · Employees: 8,118
Size FTI Consulting (FCN) is a United States Industrials company (Miscellaneous Commercial Services) with a market value of $5.33B, the 1139th largest of 3,117 United States companies the cockpit tracks. Shares closed at $195.71 on 6 Nov 2026.
Performance Over six months the shares gained 19.4%, against +12.9% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 20 in its peer set.
Growth Revenue grew 7.8% over the last twelve months (peer median +7.1%); the operating margin is 10.0% (peer median 13.1%).
Valuation It trades at 18.7× forward earnings against a peer median of 14.6× (8th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.3 points above its cost of capital (6.2% WACC).
Backlog Backlog (remaining performance obligations) was $25.5M at 31 Dec 2024 — 0.0 years of trailing revenue. Backlog detail →
Short interest Short interest is 11.1% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.98B | $3.79B | $3.70B | $3.49B | $3.03B |
| Revenue growth | — | +2% | +6% | +15% | — |
| Gross profit | $1.28B | $1.21B | $1.18B | $1.13B | $953M |
| EBITDA | $450M | $464M | $404M | $425M | $358M |
| Net income | $233M | $271M | $280M | $275M | $236M |
| Free cash flow | $354M | $93.6M | $360M | $175M | $135M |
| Capital expenditure | $38.7M | $58.5M | $35.4M | $49.5M | $53.3M |
| Total debt | $1.09B | $627M | $242M | $258M | $569M |
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 |
|---|---|---|---|---|---|---|
| FTI Consulting FCN | $5.33B | +19% | +8% | 10% | 18.7× | -3.6% |
| Huron Consulting HURN | $2.63B | +39% | +12% | 12% | 16.5× | -4.0% |
| CRA International CRAI | $1.24B | +42% | +11% | 10% | 22.4× | n/a |
| Houlihan Lokey HLI | $10.1B | -5% | 0% | 20% | 18.0× | n/a |
| PJT Partners PJT | $3.80B | -4% | +10% | 21% | 18.0× | n/a |
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 | FCN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +39.3% | +6.0% | highest of 20 |
| 6-month return | +19.4% | +12.9% | 6th highest of 20 |
| Distance from 52-week high | -3.3% | -12.3% | 3rd highest of 21 |
| Revenue growth (TTM) | +7.8% | +7.1% | 10th highest of 21 |
| Operating margin | 10.0% | 13.1% | 6th lowest of 21 |
| Forward P/E | 18.7× | 14.6× | 8th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | -3.6% | 4.9% | 7th least demanding of 19 |
| Growth delivered (Del g) | +9.0% | +13.3% | 7th lowest of 19 |
| Hurdle (Req g minus delivered) | -12.7 pp | -10.3 pp | 8th least demanding of 19 |
| ROIC minus cost of capital | +7.3 pp | +4.3 pp | 5th highest of 16 |
| EV / EBITDA | 14.1× | 10.0× | 6th most expensive of 18 |
| Net debt / EBITDA | 2.2× | 1.0× | 7th most indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| FTI Consulting FCN | United States | $5.33B | +19% | +8% | 10% | 18.7× | -3.6% | +9.0% |
| Reply REY.MI | Italy | $5.46B | +41% | +6% | 13% | 17.0× | 2.9% | +14.4% |
| Aalberts AALB.AS | Netherlands | $4.87B | +6% | 0% | 10% | 14.6× | 12.9% | +3.4% |
| Beijing Compass Technology Development 300803.SZ | China | $5.91B | -23% | +12% | 0% | 174.6× | 46.9% | +25.3% |
| Nexi NEXI.MI | Italy | $5.93B | +18% | +1% | 13% | 7.0× | 1.5% | +30.5% |
| L&T Technology Services LTTS.NS | India | $4.79B | +13% | +2% | 15% | 29.4× | 31.0% | +15.1% |
| Dizal Pharmaceutical 688192.SS | China | $4.68B | +18% | +720% | 69% | 9.5× | -8.4% | +95.9% |
| Teleperformance TEP.PA | France | $4.60B | +3% | -3% | 10% | 5.0× | -10.2% | +12.2% |
| Brink's BCO | United States | $4.54B | +3% | +7% | 10% | 11.8× | 0.1% | +7.3% |
| Elis ELIS.PA | France | $6.44B | -12% | +5% | 13% | 12.0× | 10.1% | +11.3% |
| Edenred EDEN.PA | France | $6.52B | +15% | +3% | 30% | 12.0× | -8.0% | +13.9% |
| East Buy 1797.HK | Hong Kong | $4.11B | +22% | +34% | 11% | 38.5× | 18.4% | +54.3% |
| Airtel Mobile Commerce AMC.L | United Kingdom | $7.05B | n/a | +30% | 48% | n/a | 11.5% | +30.3% |
| Genpact G | United States | $7.07B | +30% | +7% | 16% | 9.9× | -7.5% | +6.5% |
| Iss A/s ISS.CO | Denmark | $7.08B | +13% | +4% | 5% | 15.3× | -6.1% | +3.7% |
| SAI Life Sciences SAILIFE.NS | India | $4.02B | +64% | +27% | 21% | 89.2× | n/a | n/a |
| PhysicsWallah PWL.NS | India | $4.00B | +18% | +35% | 1% | 100.9× | n/a | n/a |
| Centre Testing International 300012.SZ | China | $3.96B | -5% | +15% | 16% | 22.1× | 14.2% | +13.2% |
| ALS ALQ.AX | Australia | $7.40B | -3% | +11% | 17% | 23.6× | 23.0% | +13.5% |
| Alsok 2331.T | Japan | $3.79B | -1% | +7% | 8% | 13.7× | -6.0% | +4.9% |
| GEO GEO | United States | $3.66B | +28% | +15% | 12% | 13.5× | 6.8% | +2.3% |
FTI Consulting reported $25.5M of remaining performance obligations at 31 Dec 2024. That is 0.0 years of trailing revenue already under contract.