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Fti Consulting (FCN)
NYSE:FCN
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.01Last Year’s EPS
2.29Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a broadly positive outcome: management reported record full-year and quarterly results driven by strong performances in CorpFin, FLC, Stratcom and a technology rebound, supported by aggressive share repurchases and constructive 2026 guidance (+6.1% midpoint). However, material weaknesses remain—primarily the Compass Lexecon disruption that severely hit Economic Consulting EBITDA, a significant decline in operating cash flow tied to forgivable loans, higher SG&A expectations, and challenging early-2026 comparisons. Management provided a clear remediation path (senior hires, junior hiring, expected stabilization of Econ by H2 2026) and expressed confidence in long-term franchise strength and AI-driven demand, leading to an overall positive tone despite near-term headwinds.Company Guidance
Record Full-Year Financials
Full-year 2025 revenues of $3.79 billion, up 2.4% year-over-year; record adjusted EBITDA of $463.6 million; record GAAP EPS of $8.24 and adjusted EPS of $8.83; 11th consecutive year of adjusted EPS growth.
Strong Fourth Quarter Performance
Q4 2025 revenues of $990.7 million, up 10.7% year-over-year and +3.6% sequentially; Q4 net income $54.5 million (+9.7% YoY); Q4 GAAP EPS $1.78 (+29% YoY) and adjusted EPS $1.78 (+14.1% YoY); Q4 adjusted EBITDA $106.2 million (10.7% margin) vs $73.7 million (8.2%) prior year.
CorpFin Outperformance
CorpFin Q4 revenues $423.2 million, up 26.1% YoY. Turnaround & restructuring grew 25%, transactions grew 46%, transformation grew 13%. Q4 adjusted segment EBITDA $80.1 million (18.9% margin) vs $44.7 million prior year.
FLC and Stratcom Drive Growth
FLC Q4 revenues $192.9 million, up 9.7% YoY with adjusted segment EBITDA $23.8 million (12.3%). Stratcom Q4 revenues $99.4 million, up 14.8% YoY with adjusted segment EBITDA $19.0 million (19.2%). FLC revenue per billable professional up 22% over three years.
Technology Rebound in 2H
Technology Q4 revenues $99.0 million, up 9.3% YoY; Q4 adjusted segment EBITDA $14.8 million (14.9% margin). Technology revenues increased 7% and adjusted EBITDA increased 69% in 2H 2025 vs 1H 2025, driven by second-request and litigation demand.
Aggressive Share Repurchase Activity
Repurchased 5.3 million shares (15% of shares outstanding) in 2025 for $858.6 million (average $163.07); Q4 repurchases 519,944 shares for $83.5 million. Approximately $491.8 million remaining under repurchase authorization.
Improved Receivables Management
Days sales outstanding improved to 88 days at December 31, 2025 from 97 days a year earlier.
2026 Guidance and AI Tailwinds
2026 revenue guidance $3.94B–$4.10B (midpoint implies ~6.1% YoY growth) and GAAP EPS guidance $8.90–$9.50; management expects AI proliferation to be a positive, creating new categories of expert-driven work (investigations, disputes, regulatory/compliance reviews).
FCN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FCN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Oct 23, 2025 | $155.79 | $153.70 | -1.34% |
Jul 24, 2025 | $167.55 | $173.49 | +3.55% |
Apr 24, 2025 | $168.51 | $161.91 | -3.92% |
Feb 20, 2025 | $190.16 | $162.99 | -14.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Fti Consulting (FCN) report earnings?
Fti Consulting (FCN) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Fti Consulting (FCN) earnings time?
Fti Consulting (FCN) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FCN EPS forecast?
FCN EPS forecast for the fiscal quarter 2026 (Q1) is 2.01.