FTI Consulting, Inc. (FCN) Stock Analysis
Industrials · Consulting Services · NYSE
FTI Consulting, Inc. (FCN) posted $3.79B in revenue for fiscal 2025 (up 2.4% year over year), at a 7.1% net margin, and has compounded revenue about 9.0%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on FTI Consulting, Inc.
FTI Consulting, Inc. has grown revenue from $1.81B to $3.79B over the last 10 fiscal years, compounding about 9% a year. The most recent year was up 2.4%, so growth has cooled from its longer-run pace.
Net margin sits at 7.1%, down 0.5 points year over year on a 32.1% gross margin. It carries about $365.00M of total debt.
At today's valuation the market is pricing in roughly 20.7% annual free-cash-flow growth — versus the -20.4% it actually delivered over the last five years, so the price already assumes a step-up from the recent record.
Synthesised from FTI Consulting, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
FTI Consulting, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.81B | $1.81B | $2.03B | $2.35B | $2.46B | $2.78B | $3.03B | $3.49B | $3.70B | $3.79B |
| Gross profit | $599.62M | $592.17M | $699.80M | $817.82M | $788.56M | $860.72M | $962.93M | $1.14B | $1.18B | $1.22B |
| Net income | $85.52M | $107.96M | $150.61M | $216.73M | $210.68M | $234.97M | $235.51M | $274.89M | $280.09M | $270.87M |
| Net margin | 4.7% | 6.0% | 7.4% | 9.2% | 8.6% | 8.5% | 7.8% | 7.9% | 7.6% | 7.1% |
Source: FTI Consulting, Inc. SEC filings (10-K). 18 years of history available in the interactive view.
FTI Consulting, Inc.: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into FCN stock?
At today's market cap of $4.84B, FTI Consulting, Inc. is priced for free-cash-flow growth of about 20.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $93.60M from the FY ending 2025-12-31). For comparison, free cash flow actually grew -20.4%/yr over the last five fiscal years and revenue 9%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of FTI Consulting, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a 7-day free trial to track FCN in your portfolio →
FTI Consulting, Inc. financial history by metric
Compare FTI Consulting, Inc. with peers
About FTI Consulting, Inc.
FTI Consulting, Inc. provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance; Forensic and Litigation Consulting; Economic Consulting; and Technology, and Strategic Communications segments. The Corporate Finance segment provides transactions, transformation and turnaround, and restructuring services. The Forensic and Litigation Consulting segment offers construction, projects and assets and environmental solutions, data and analytics, dispute advisory services, healthcare risk management and advisory, and risk and investigations, which include cybersecurity and financial services-related offerings. The Economic Consulting segment provides antitrust and competition economics, financial economics, and international arbitration services. The Technology segment offers blockchain and digital assets, information governance, privacy and security, investigations, litigation, M&A, and antitrust and competition services. The Strategic Communications segment provides corporate reputation, financial communications, and public affairs services. It serves aerospace and defense, airlines and aviation, blockchain and digital assets, chemicals, construction and environmental solutions, energy, financial services, food and agribusiness, healthcare and life sciences, hospitality, gaming and leisure, automotive and industrial, insurance, mining, power and products, renewable and energy transition, professional services, public sector and government contracts, real estate, retail and consumer products, telecom, media and technology, and transportation and logistics sectors. The company was incorporated in 1982 and is headquartered in Washington, the District of Columbia.
FTI Consulting, Inc. — frequently asked questions
What is FTI Consulting, Inc.'s revenue?
FTI Consulting, Inc. (FCN) reported revenue of $3.79B for fiscal year 2025, up 2.4% from the prior year, according to its SEC filings.
Is FTI Consulting, Inc. profitable?
Yes. FCN earned net income of $270.87M in fiscal 2025, a net margin of 7.1%.
What is FCN's P/E ratio?
FTI Consulting, Inc. trades at a price-to-earnings ratio of about 19.1 based on the latest data in our nightly-refreshed cache.
How fast is FTI Consulting, Inc. growing?
FCN's revenue grew at roughly 9.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does FTI Consulting, Inc. have?
As of fiscal year 2025, FCN carried roughly $365.00M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is FTI Consulting, Inc.'s gross margin?
FCN's gross margin was 32.1% in fiscal 2025 — gross profit of $1.22B on revenue of $3.79B.
What is FTI Consulting, Inc.'s market cap?
FTI Consulting, Inc. (FCN) has a market capitalization of about $4.84B, based on the latest data in our nightly-refreshed cache.
When does FTI Consulting, Inc.'s fiscal year end?
FCN's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into FCN stock?
At today's market cap of $4.84B, FTI Consulting, Inc. is priced for free-cash-flow growth of about 20.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $93.60M from the FY ending 2025-12-31). For comparison, free cash flow actually grew -20.4%/yr over the last five fiscal years and revenue 9%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from FTI Consulting, Inc.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.