Financials · FCN

FTI Consulting Inc. (FCN) financials

For the twelve months ended Sep 30, 2026, FTI Consulting Inc. reported $3.98B of revenue and $233.42M of net income.

Revenue, TTM
$3.98B
Revenue growth, YoY
+7.8%
Net income, TTM
$233.42M
Net income growth, YoY
-12.3%
Net margin
5.9%
Free cash flow, TTM
$353.71M
EPS, diluted, TTM
$8.01
EPS growth, YoY
+1.9%
Cash
$88.10M
Total debt
$851.38M
P/E
22.85
P/S
1.34
Market cap
$5.33B
Annual revenue$3.79B
FY2016FY2025
Annual net income$270.87M
FY2016FY2025
Annual free cash flow$93.60M
FY2016FY2025

FCN revenue and earnings growth

FCN revenueQ3 2026$1.01B

Quarter YoY
+5.9%
QoQ
+1.9%
FY YoY
+2.4%
5Y CAGR
+9.0%
10Y CAGR
+7.9%

FCN revenue was $1.01B in fiscal Q3 2026 (ended Sep 30, 2026), up 5.9% from a year earlier and up 1.9% from the prior quarter. For the full fiscal 2025 it was $3.79B, up 2.4% from fiscal 2024. Compound annual growth was +9.0% over 5 years and +7.9% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

FCN net incomeQ3 2026$63.45M

Quarter YoY
-23.4%
QoQ
+9.8%
FY YoY
-3.3%
5Y CAGR
+5.2%
10Y CAGR
+15.2%

FCN net income was $63.45M in fiscal Q3 2026 (ended Sep 30, 2026), down 23.4% from a year earlier and up 9.8% from the prior quarter. For the full fiscal 2025 it was $270.87M, down 3.3% from fiscal 2024. Compound annual growth was +5.2% over 5 years and +15.2% over 10 years. It rose in 8 of the last 10 fiscal years.

FCN EPSQ3 2026$2.35

Quarter YoY
-9.6%
QoQ
+18.1%
FY YoY
+5.5%
5Y CAGR
+7.8%
10Y CAGR
+18.0%

FCN diluted EPS was $2.35 in fiscal Q3 2026 (ended Sep 30, 2026), down 9.6% from a year earlier and up 18.1% from the prior quarter. For the full fiscal 2025 it was $8.24, up 5.5% from fiscal 2024. Compound annual growth was +7.8% over 5 years and +18.0% over 10 years.

FCN free cash flowQ3 2026$181.95M

Quarter YoY
-2.7%
QoQ
+29.0%
FY YoY
-74.0%
5Y CAGR
-20.4%
10Y CAGR
-1.5%

FCN free cash flow was $181.95M in fiscal Q3 2026 (ended Sep 30, 2026), down 2.7% from a year earlier and up 29.0% from the prior quarter. For the full fiscal 2025 it was $93.60M, down 74.0% from fiscal 2024. Compound annual growth was -20.4% over 5 years and -1.5% over 10 years. It rose in 5 of the last 10 fiscal years.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$3.79B$3.70B$3.49B$3.03B$2.78B$2.46B$2.35B$2.03B$1.81B$1.81B
Cost of revenue$2.57B$2.52B$2.35B$2.07B$1.92B$1.67B$1.53B$1.33B$1.22B$1.21B
Gross profit$1.22B$1.18B$1.14B$962.93M$860.72M$788.56M$817.82M$699.80M$592.17M$599.62M
Selling, general and admin$799.62M$822.15M$751.31M$641.07M$537.84M$488.41M$504.07M$465.64M$432.01M$436.72M
Operating income$389.08M$347.36M$377.56M$303.88M$312.05M$282.66M$305.60M$226.00M$108.71M$142.16M
Interest expense$21.40M$6.95M$14.33M$10.05M$20.29M$19.80M$19.21M$27.15M$25.36M$24.82M
Pre-tax income$371.01M$350.77M$358.36M$297.75M$297.95M$262.45M$288.45M$207.79M$87.11M$127.80M
Income tax$100.14M$70.68M$83.47M$62.23M$62.98M$51.76M$71.72M$57.18M-$20.86M$42.28M
Net income$270.87M$280.09M$274.89M$235.51M$234.97M$210.68M$216.73M$150.61M$107.96M$85.52M
EPS, basic$8.33$7.96$8.10$6.99$7.02$5.92$5.89$4.06$2.79$2.09
EPS, diluted$8.24$7.81$7.71$6.58$6.65$5.67$5.69$3.93$2.75$2.05
Diluted shares32.9M35.8M35.6M35.8M35.3M37.1M38.1M38.3M39.2M41.7M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$265.09M$660.49M$303.22M$491.69M$494.49M$294.95M$369.37M$312.07M$189.96M$216.16M
Short-term investments-$0$25.46M$0------
Receivables$1.04B$1.02B$1.10B$896.15M$754.12M$711.36M$693.37M$554.61M$522.88M$474.90M
Current assets$1.52B$1.82B$1.56B$1.51B$1.37B$1.13B$1.18B$965.35M$794.18M$783.17M
Goodwill$1.24B$1.23B$1.23B$1.23B$1.23B$1.23B$1.20B$1.17B$1.20B$1.18B
Total assets$3.49B$3.60B$3.33B$3.24B$3.10B$2.78B$2.78B$2.38B$2.26B$2.23B
Current liabilities$975.19M$931.76M$892.77M$769.49M$718.12M$670.17M$612.54M$482.57M$410.33M$378.45M
Short-term debt$0-$0$0$0$0$0$0$0$0
Long-term debt$365.00M$0$0$315.17M$297.16M$286.13M$275.61M$265.57M$396.28M$365.53M
Total debt$365.00M$0$0$315.17M$297.16M$286.13M$275.61M$265.57M$396.28M$365.53M
Total liabilities$1.76B$1.34B$1.34B$1.56B$1.52B$1.38B$1.29B$1.03B$1.07B$1.02B
Shareholders' equity$1.73B$2.26B$1.98B$1.68B$1.58B$1.40B$1.49B$1.35B$1.19B$1.21B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$152.13M$395.10M$224.46M$188.79M$355.48M$327.07M$217.89M$230.67M$147.63M$233.49M
Capital expenditures$58.53M$35.41M$49.48M$53.32M$68.67M$34.85M$41.81M$32.27M$32.00M$28.93M
Free cash flow$93.60M$359.69M$174.98M$135.47M$286.82M$292.22M$176.07M$198.40M$115.62M$204.55M
Investing cash flow-$58.53M-$10.16M-$73.83M-$60.06M-$79.09M-$60.12M-$60.61M$18.74M-$40.64M-$30.13M
Financing cash flow-$510.48M-$15.38M-$354.66M-$106.01M-$61.67M-$360.05M-$103.31M-$117.52M-$140.93M-$125.31M
Share repurchases$858.68M$10.22M$20.98M$85.42M$46.13M$353.59M$105.80M$55.74M$168.09M$21.49M
Stock-based compensation$39.32M$38.44M$29.53M$25.41M$23.05M$22.90M$17.98M$15.58M$16.03M$16.92M
Depreciation and amortization$45.76M$43.91M$41.08M$35.90M$34.27M$32.66M$30.15M$31.54M$31.18M$38.70M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY2.4%6.0%15.2%9.1%12.8%4.6%16.0%12.2%-0.1%1.8%
Net income growth, YoY-3.3%1.9%16.7%0.2%11.5%-2.8%43.9%39.5%26.2%29.5%
EPS growth, YoY5.5%1.3%17.2%-1.1%17.3%-0.4%44.8%42.9%34.1%29.7%
Gross margin32.1%32.0%32.5%31.8%31.0%32.0%34.8%34.5%32.8%33.1%
Operating margin10.3%9.4%10.8%10.0%11.2%11.5%13.0%11.1%6.0%7.9%
Net margin7.1%7.6%7.9%7.8%8.5%8.6%9.2%7.4%6.0%4.7%
Free cash flow margin2.5%9.7%5.0%4.5%10.3%11.9%7.5%9.8%6.4%11.3%
Return on equity15.6%12.4%13.9%14.0%14.8%15.0%14.6%11.2%9.1%7.1%
Return on assets7.8%7.8%8.3%7.3%7.6%7.6%7.8%6.3%4.8%3.8%
Current ratio1.561.951.741.961.911.691.922.001.942.07
Debt to equity0.210.000.000.190.190.200.190.200.330.30

Source: XBRL data FTI Consulting Inc. files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

FCN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
FCN$3.98B+7.8%$233.42M5.9%$5.33B
GIBC$15.91B+8.4%C$1.66B10.4%$19.31B
BAH$10.98B-6.2%$784.00M7.1%$10.12B
G$5.34B+6.7%$588.48M11.0%$7.07B
RHI$5.30B-2.9%$121.73M2.3%$4.28B
EXPO$659.07M+15.4%$114.67M17.4%$3.99B
HURN$1.86B+12.3%$113.54M6.1%$2.63B
MAN$18.92B+7.3%$120.30M0.6%$2.07B
NSP$6.90B+2.1%$3.00M0.0%$1.90B

FCN FAQ

9 questions
  • What is FCN revenue?
    FTI Consulting Inc. (FCN) reported $3.98B of revenue for the twelve months ended Sep 30, 2026. That is up 7.8% from the year before. Revenue for fiscal 2025 was $3.79B.
  • Is FCN profitable?
    Yes. FTI Consulting Inc. earned $233.42M in net income for the twelve months ended Sep 30, 2026, a net margin of 5.9%.
  • How much cash and debt does FCN have?
    FTI Consulting Inc. reported $88.10M in cash and cash equivalents and $851.38M of debt on its most recent balance sheet in SEC filings.
  • How fast is FCN revenue growing?
    FTI Consulting Inc.'s revenue changed +2.4% in fiscal 2025, to $3.79B. Its compound annual growth rate was +9.0% over 5 years and +7.9% over 10 years.
  • What is FCN gross margin?
    FTI Consulting Inc.'s gross profit was $1.28B on $3.98B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 32.2%.
  • What is FCN free cash flow?
    FTI Consulting Inc. generated $353.71M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $392.44M less capital expenditures.
  • What is FCN earnings per share?
    Diluted earnings per share were $8.01 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did FCN last report financial results?
    The latest statements here come from FTI Consulting Inc.'s 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
  • Where does this FCN financial data come from?
    Quantisnow builds these statements from the structured XBRL data FTI Consulting Inc. files with the SEC. It is provided for information only and is not investment advice.